Document:

Unassociated Document

    

      

        
          

          

        

        

        

        

        FINANCIAL
          ASSET SECURITIES CORP.,

        Depositor

         

         

        NATIONAL
          CITY HOME LOAN SERVICES, INC.

        Servicer

         

         

        and

         

         

        DEUTSCHE
          BANK NATIONAL TRUST COMPANY,

        Trustee

         

        
 

        POOLING
          AND SERVICING AGREEMENT

        Dated
          as
          of November 1, 2006

         

        
 

         

        

         

        ___________________________

         

        First
          Franklin Mortgage Loan Trust 2006-FF16

         

        Asset-Backed
          Certificates, Series 2006-FF16

         

        

         

        

        
          

          

        

         

        

         

        
          
             

          

          
             

            
              

            

          

          
             

          

        

        TABLE
          OF CONTENTS

         

        

         

         

        ARTICLE
          I
          DEFINITIONS

        

        
          	
                  SECTION
                    1.01

                	
                  Defined
                    Terms. 

                
	
                  SECTION
                    1.02

                	
                  Accounting.
                    

                
	
                  SECTION
                    1.03

                	
                  Allocation
                    of Certain Interest Shortfalls. 

                
	
                  SECTION
                    1.04

                	
                  Rights
                    of the NIMS Insurer. 

                

        

         

        ARTICLE
          II CONVEYANCE OF MORTGAGE LOANS; ORIGINAL ISSUANCE OF CERTIFICATES

        

        
          	
                  SECTION
                    2.01

                	
                  Conveyance
                    of Mortgage Loans. 

                
	
                  SECTION
                    2.02

                	
                  Acceptance
                    by Trustee. 

                
	
                  SECTION
                    2.03

                	
                  Repurchase
                    or Substitution of Mortgage Loans by the Seller. 

                
	
                  SECTION
                    2.04

                	
                  Intentionally
                    Omitted. 

                
	
                  SECTION
                    2.05

                	
                  Representations,
                    Warranties and Covenants of the Servicer. 

                
	
                  SECTION
                    2.06

                	
                  Representations
                    and Warranties of the Depositor. 

                
	
                  SECTION
                    2.07

                	
                  Issuance
                    of Certificates. 

                
	
                  SECTION
                    2.08

                	
                  Authorization
                    to Enter into Basis Risk Cap Agrement, Interest Rate Cap Agreement
                    and
                    Interest Rate Swap Agreement. 

                
	
                  SECTION
                    2.09

                	
                  Acceptance
                    of REMIC 1, REMIC 2, REMIC 3, REMIC 4, REMIC 5 and REMIC 6 by
                    the Trustee;
                    Conveyance of REMIC 1 Regular Interests, Class C Interest and
                    Class P
                    Interest; Issuance of Certificates.

                

        

         

        ARTICLE
          III ADMINISTRATION AND SERVICING OF THE MORTGAGE LOANS

        

        
          	
                  SECTION
                    3.01

                	
                  Servicer
                    to Act as Servicer. 

                
	
                  SECTION
                    3.02

                	
                  Sub-Servicing
                    Agreements Between Servicer and Sub-Servicers. 

                
	
                  SECTION
                    3.03

                	
                  Successor
                    Sub-Servicers. 

                
	
                  SECTION
                    3.04

                	
                  Liability
                    of the Servicer. 

                
	
                  SECTION
                    3.05

                	
                  No
                    Contractual Relationship Between Sub-Servicers and the NIMS Insurer,
                    the
                    Trustee or Certificateholders. 

                
	
                  SECTION
                    3.06

                	
                  Assumption
                    or Termination of Sub-Servicing Agreements by Trustee. 

                
	
                  SECTION
                    3.07

                	
                  Collection
                    of Certain Mortgage Loan Payments. 

                
	
                  SECTION
                    3.08

                	
                  Sub-Servicing
                    Accounts. 

                
	
                  SECTION
                    3.09

                	
                  Collection
                    of Taxes, Assessments and Similar Items; Escrow Accounts.
                    

                
	
                  SECTION
                    3.10

                	
                  Collection
                    Account and Distribution Account. 

                
	
                  SECTION
                    3.11

                	
                  Withdrawals
                    from the Collection Account and Distribution Account. 

                
	
                  SECTION
                    3.12

                	
                  Investment
                    of Funds in the Collection Account and the Distribution Account.
                    

                
	
                  SECTION
                    3.13

                	
                  [Reserved].
                    

                
	
                  SECTION
                    3.14

                	
                  Maintenance
                    of Hazard Insurance and Errors and Omissions and Fidelity Coverage.
                    

                
	
                  SECTION
                    3.15

                	
                  Enforcement
                    of Due-On-Sale Clauses; Assumption Agreements. 

                
	
                  SECTION
                    3.16

                	
                  Realization
                    Upon Defaulted Mortgage Loans. 

                
	
                  SECTION
                    3.17

                	
                  Trustee
                    to Cooperate; Release of Mortgage Files. 

                
	
                  SECTION
                    3.18

                	
                  Servicing
                    Compensation. 

                
	
                  SECTION
                    3.19

                	
                  Reports
                    to the Trustee; Collection Account Statements. 

                
	
                  SECTION
                    3.20

                	
                  Statement
                    as to Compliance. 

                
	
                  SECTION
                    3.21

                	
                  Assessments
                    of Compliance and Attestation Reports. 

                
	
                  SECTION
                    3.22

                	
                  Access
                    to Certain Documentation; Filing of Reports by Trustee.

                
	
                  SECTION
                    3.23

                	
                  Title,
                    Management and Disposition of REO Property. 

                
	
                  SECTION
                    3.24

                	
                  Obligations
                    of the Servicer in Respect of Prepayment Interest Shortfalls.
                    

                
	
                  SECTION
                    3.25

                	
                  [Reserved].
                    

                
	
                  SECTION
                    3.26

                	
                  Obligations
                    of the Servicer in Respect of Mortgage Rates and Monthly Payments.
                    

                
	
                  SECTION
                    3.27

                	
                  [Reserved].
                    

                
	
                  SECTION
                    3.28

                	
                  Solicitations.
                    

                
	
                  SECTION
                    3.29

                	
                  Advance
                    Facility. 

                

        

         

        ARTICLE
          IV FLOW OF FUNDS

        

        
          	
                  SECTION
                    4.01

                	
                  Distributions.
                    

                
	
                  SECTION
                    4.02

                	
                  [Reserved].
                    

                
	
                  SECTION
                    4.03

                	
                  Statements.
                    

                
	
                  SECTION
                    4.04

                	
                  Remittance
                    Reports; Advances. 

                
	
                  SECTION
                    4.05

                	
                  Swap
                    Account. 

                
	
                  SECTION
                    4.06

                	
                  Tax
                    Treatment of Swap Payments and Swap Termination Payments.
                    

                
	
                  SECTION
                    4.07

                	
                  Commission
                    Reporting. 

                
	
                  SECTION
                    4.08

                	
                  Net
                    WAC Rate Carryover Reserve Account. 

                
	
                  SECTION
                    4.09

                	
                  Distributions
                    on the REMIC Regular Interests. 

                
	
                  SECTION
                    4.10

                	
                  Allocation
                    of Realized Losses. 

                
	
                  SECTION
                    4.11

                	
                  Cap
                    Account. 

                
	
                  SECTION
                    4.12

                	
                  Collateral
                    Accounts

                
	
                  SECTION
                    4.13

                	
                  Rights
                    and Obligations Under the Basis Risk Cap Agreement, the Interest
                    Rate Cap
                    Agreement and the Interest Rate Swap Agreement.

                

        

         

        ARTICLE
          V
          THE CERTIFICATES

        

        
          	
                  SECTION
                    5.01

                	
                  The
                    Certificates. 

                
	
                  SECTION
                    5.02

                	
                  Registration
                    of Transfer and Exchange of Certificates. 

                
	
                  SECTION
                    5.03

                	
                  Mutilated,
                    Destroyed, Lost or Stolen Certificates. 

                
	
                  SECTION
                    5.04

                	
                  Persons
                    Deemed Owners. 

                
	
                  SECTION
                    5.05

                	
                  Appointment
                    of Paying Agent. 

                

        

         

        ARTICLE
          VI THE SERVICER, THE DEPOSITOR AND THE CREDIT RISK MANAGER

        

        
          	
                  SECTION
                    6.01

                	
                  Liability
                    of the Servicer and the Depositor. 

                
	
                  SECTION
                    6.02

                	
                  Merger
                    or Consolidation of, or Assumption of the Obligations of, the
                    Servicer or
                    the Depositor. 

                
	
                  SECTION
                    6.03

                	
                  Limitation
                    on Liability of the Servicer and Others. 

                
	
                  SECTION
                    6.04

                	
                  Servicer
                    Not to Resign. 

                
	
                  SECTION
                    6.05

                	
                  Delegation
                    of Duties. 

                
	
                  SECTION
                    6.06

                	
                  [Reserved].
                    

                
	
                  SECTION
                    6.07

                	
                  Inspection.
                    

                
	
                  SECTION
                    6.08

                	
                  Duties
                    of the Credit Risk Manager. 

                
	
                  SECTION
                    6.09

                	
                  Limitation
                    Upon Liability of the Credit Risk Manager. 

                
	
                  SECTION
                    6.10

                	
                  Removal
                    of the Credit Risk Manager. 

                

        

         

        ARTICLE
          VII DEFAULT

        

        
          	
                  SECTION
                    7.01

                	
                  Servicer
                    Events of Termination. 

                
	
                  SECTION
                    7.02

                	
                  Trustee
                    to Act; Appointment of Successor. 

                
	
                  SECTION
                    7.03

                	
                  Waiver
                    of Defaults. 

                
	
                  SECTION
                    7.04

                	
                  Notification
                    to Certificateholders. 

                
	
                  SECTION
                    7.05

                	
                  Survivability
                    of Servicer Liabilities. 

                

        

         

        ARTICLE
          VIII THE TRUSTEE

        

        
          	
                  SECTION
                    8.01

                	
                  Duties
                    of Trustee. 

                
	
                  SECTION
                    8.02

                	
                  Certain
                    Matters Affecting the Trustee. 

                
	
                  SECTION
                    8.03

                	
                  Trustee
                    Not Liable for Certificates or Mortgage Loans. 

                
	
                  SECTION
                    8.04

                	
                  Trustee
                    May Own Certificates. 

                
	
                  SECTION
                    8.05

                	
                  Trustee
                    Compensation, Custodial Fee and Expenses. 

                
	
                  SECTION
                    8.06

                	
                  Eligibility
                    Requirements for Trustee. 

                
	
                  SECTION
                    8.07

                	
                  Resignation
                    or Removal of Trustee. 

                
	
                  SECTION
                    8.08

                	
                  Successor
                    Trustee. 

                
	
                  SECTION
                    8.09

                	
                  Merger
                    or Consolidation of Trustee. 

                
	
                  SECTION
                    8.10

                	
                  Appointment
                    of Co-Trustee or Separate Trustee. 

                
	
                  SECTION
                    8.11

                	
                  Limitation
                    of Liability. 

                
	
                  SECTION
                    8.12

                	
                  Trustee
                    May Enforce Claims Without Possession of Certificates. 

                
	
                  SECTION
                    8.13

                	
                  Suits
                    for Enforcement. 

                
	
                  SECTION
                    8.14

                	
                  Waiver
                    of Bond Requirement. 

                
	
                  SECTION
                    8.15

                	
                  Waiver
                    of Inventory, Accounting and Appraisal Requirement. 

                
	
                  SECTION
                    8.16

                	
                  Appointment
                    of the Custodian. 

                

        

         

        ARTICLE
          IX REMIC ADMINISTRATION

        

        
          	
                  SECTION
                    9.01

                	
                  REMIC
                    Administration. 

                
	
                  SECTION
                    9.02

                	
                  Prohibited
                    Transactions and Activities. 

                
	
                  SECTION
                    9.03

                	
                  Indemnification
                    with Respect to Certain Taxes and Loss of REMIC Status.
                    

                

        

         

        ARTICLE
          X
          TERMINATION

        

        
          	
                  SECTION
                    10.01

                	
                  Termination.
                    

                
	
                  SECTION
                    10.02

                	
                  Additional
                    Termination Requirements. 

                

        

         

        ARTICLE
          XI MISCELLANEOUS PROVISIONS

        

        
          	
                  SECTION
                    11.01

                	
                  Amendment.
                    

                
	
                  SECTION
                    11.02

                	
                  Recordation
                    of Agreement; Counterparts. 

                
	
                  SECTION
                    11.03

                	
                  Limitation
                    on Rights of Certificateholders. 

                
	
                  SECTION
                    11.04

                	
                  Governing
                    Law; Jurisdiction. 

                
	
                  SECTION
                    11.05

                	
                  Notices.
                    

                
	
                  SECTION
                    11.06

                	
                  Severability
                    of Provisions. 

                
	
                  SECTION
                    11.07

                	
                  Article
                    and Section References. 

                
	
                  SECTION
                    11.08

                	
                  Notice
                    to the Rating Agencies and the NIMS Insurer. 

                
	
                  SECTION
                    11.09

                	
                  Further
                    Assurances. 

                
	
                  SECTION
                    11.10

                	
                  Reserved.
                    

                
	
                  SECTION
                    11.11

                	
                  Benefits
                    of Agreement. 

                
	
                  SECTION
                    11.12

                	
                  Acts
                    of Certificateholders. 

                
	
                  SECTION
                    11.13

                	
                  Intention
                    of the Parties and Interpretation. 

                

        

        

        

        
          
             

          

          
             

            
              

            

          

          
             

          

        

        Exhibits:

         

        
          	
                  Exhibit
                    A-1

                	
                  Form
                    of Class I-A1 Certificates

                
	
                  Exhibit
                    A-2

                	
                  Form
                    of Class II-A1 Certificates

                
	
                  Exhibit
                    A-3

                	
                  Form
                    of Class II-A2 Certificates

                
	
                  Exhibit
                    A-4

                	
                  Form
                    of Class II-A3 Certificates

                
	
                  Exhibit
                    A-5

                	
                  Form
                    of Class II-A4 Certificates

                
	
                  Exhibit
                    A-6

                	
                  Form
                    of Class M-1 Certificates

                
	
                  Exhibit
                    A-7

                	
                  Form
                    of Class M-2 Certificates

                
	
                  Exhibit
                    A-8

                	
                  Form
                    of Class M-3 Certificates

                
	
                  Exhibit
                    A-9

                	
                  Form
                    of Class M-4 Certificates

                
	
                  Exhibit
                    A-10

                	
                  Form
                    of Class M-5 Certificates

                
	
                  Exhibit
                    A-11

                	
                  Form
                    of Class M-6 Certificates

                
	
                  Exhibit
                    A-12

                	
                  Form
                    of Class M-7 Certificates

                
	
                  Exhibit
                    A-13

                	
                  Form
                    of Class M-8 Certificates

                
	
                  Exhibit
                    A-14

                	
                  Form
                    of Class M-9 Certificates

                
	
                  Exhibit
                    A-15

                	
                  Form
                    of Class C Certificates

                
	
                  Exhibit
                    A-16

                	
                  Form
                    of Class P Certificates

                
	
                  Exhibit
                    A-17

                	
                  Form
                    of Class R Certificates

                
	
                  Exhibit
                    A-18

                	
                  Form
                    of Class R-X Certificates

                
	
                  Exhibit
                    B

                	
                  Form
                    of Cap Allocation Agreement

                
	
                  Exhibit
                    C

                	
                  Form
                    of Mortgage Loan Purchase Agreement

                
	
                  Exhibit
                    D

                	
                  Mortgage
                    Loan Schedule

                
	
                  Exhibit
                    E

                	
                  Request
                    for Release

                
	
                  Exhibit
                    F-1

                	
                  Form
                    of Trustee’s/Custodian’s Initial Certification

                
	
                  Exhibit
                    F-2

                	
                  Form
                    of Trustee’s/Custodian’s Final Certification

                
	
                  Exhibit
                    F-3

                	
                  Form
                    of Receipt of Mortgage Note

                
	
                  Exhibit
                    G

                	
                  Form
                    of Custodial Agreement 

                
	
                  Exhibit
                    H

                	
                  Form
                    of Lost Note Affidavit

                
	
                  Exhibit
                    I

                	
                  Form
                    of Limited Power of Attorney

                
	
                  Exhibit
                    J

                	
                  Form
                    of Investment Letter

                
	
                  Exhibit
                    K

                	
                  Form
                    of Transfer Affidavit for Residual Certificates

                
	
                  Exhibit
                    L

                	
                  Form
                    of Transferor Certificate

                
	
                  Exhibit
                    M

                	
                  Form
                    of ERISA Representation Letter

                
	
                  Exhibit
                    N-1

                	
                  Form
                    Certification to be Provided by the Depositor with Form
                    10-K

                
	
                  Exhibit
                    N-2

                	
                  Form
                    Certification to be Provided to the Depositor by the
                    Trustee

                
	
                  Exhibit
                    N-3

                	
                  Form
                    Certification to be Provided to the Depositor by the
                    Servicer

                
	
                  Exhibit
                    O-1

                	
                  Form
                    of Basis Risk Cap Agreement 

                
	
                  Exhibit
                    O-2

                	
                  Form
                    of Interest Rate Cap Agreement

                
	
                  Exhibit
                    P

                	
                  Form
                    of Annual Statement as to Compliance

                
	
                  Exhibit
                    Q

                	
                  Form
                    of Interest Rate Swap Agreement

                
	
                  Exhibit
                    R-1

                	
                  Form
                    of Watchlist Report

                
	
                  Exhibit
                    R-2

                	
                  Form
                    of Loss Severity Report

                
	
                  Exhibit
                    R-3

                	
                  Form
                    of Prepayment Premiums Report

                
	
                  Exhibit
                    R-4

                	
                  Form
                    of Analytics Report

                
	
                  Exhibit
                    S

                	
                  Servicing
                    Criteria

                
	
                  Exhibit
                    T

                	
                  Form
                    10-D, Form 8-K and Form 10-K Reporting Responsibility

                
	
                  Exhibit
                    U

                	
                  Form
                    of Certification to be provided by the Credit Risk
                    Manager

                
	
                  Schedule
                    I

                	
                  Prepayment
                    Charge Schedule

                

        

        

        

        
          
             

          

          
             

            
              

            

          

          
             

          

        

        This
          Pooling and Servicing Agreement is dated as of November 1, 2006 (the
“Agreement”), among FINANCIAL ASSET SECURITIES CORP., as depositor (the
“Depositor”), NATIONAL CITY HOME LOAN SERVICES, INC., as servicer (the
“Servicer”) and DEUTSCHE BANK NATIONAL TRUST COMPANY, as trustee and
          supplemental interest trust trustee (the “Trustee” and the “Supplemental
          Interest Trust Trustee”).

         

        PRELIMINARY
          STATEMENT:

         

        The
          Depositor intends to sell pass-through certificates (collectively, the
          “Certificates”), to be issued hereunder in multiple classes, which in the
          aggregate will evidence the entire beneficial ownership interest in the
          Trust
          Fund created hereunder. The Certificates will consist of twenty-one classes
          of
          certificates, designated as (i) the Class I-A1 Certificates, (ii) the Class
          II-A1 Certificates, (iii) the Class II-A2 Certificates, (iv) Class II-A3
          Certificates, (v) the Class II-A4 Certificates, (vi) the Class M-1 Certificates
          (vii) the Class M-2 Certificates, (viii) the Class M-3 Certificates, (ix)
          the
          Class M-4 Certificates, (x) the Class M-5 Certificates, (xi) the Class
          M-6
          Certificates, (xii) the Class M-7 Certificates, (xiii) the Class M-8
          Certificates, (xiv) the Class M-9 Certificates, (xv) the Class C Certificates,
          (xvi) the Class P Certificates, (xvii) the Class R Certificates and (xviii)
          the
          Class R-X Certificates.

         

        
          
             

          

          
             

            
              

            

          

          
             

          

        

        REMIC
          1

         

        As
          provided herein, the Trustee shall elect to treat the segregated pool of
          assets
          consisting of the Mortgage Loans and certain other related assets subject
          to
          this Agreement (exclusive of the Net WAC Rate Carryover Reserve Account,
          the
          Swap Account, the Servicer Prepayment Charge Payment Amounts, the Supplemental
          Interest Trust, the Interest Rate Swap Agreement, the Cap Account, the
          Interest
          Rate Cap Agreement, the Cap Allocation Agreement and the Basis Risk Cap
          Agreement) subject to this Agreement as a REMIC for federal income tax
          purposes,
          and such segregated pool of assets shall be designated as “REMIC 1.” The Class
          R-1 Interest shall represent the sole class of “residual interests” in REMIC 1
          for purposes of the REMIC Provisions (as defined herein). The following
          table
          irrevocably sets forth the designation, the Uncertificated REMIC 1 Pass-Through
          Rate, the initial Uncertificated Principal Balance and, for purposes of
          satisfying Treasury Regulation Section 1.860G-1(a)(4)(iii), the “latest possible
          maturity date” for each of the REMIC 1 Regular Interests (as defined herein).
          None of the REMIC 1 Regular Interests shall be certificated. 

        

        
          	
                  Designation

                	 	
                  Uncertificated
                    REMIC 1

                  Pass-Through
                    Rate

                	 	
                  Initial
                    Uncertificated
                    Principal Balance

                	 	
                  Latest
                    Possible Maturity
                    Date(1)

                
	
                  I
                    

                	 	
                  Variable(2)

                	 	
                  $

                	
                  176,338,365.10

                	 	
                  December
                    25, 2036

                
	
                  I-1-A

                	 	
                  Variable(2)

                	 	
                  $

                	
                  16,933,406.25

                	 	
                  December
                    25, 2036

                
	
                  I-1-B

                	 	
                  Variable(2)

                	 	
                  $

                	
                  16,933,406.25

                	 	
                  December
                    25, 2036

                
	
                  I-2-A

                	 	
                  Variable(2)

                	 	
                  $

                	
                  18,534,032.50

                	 	
                  December
                    25, 2036

                
	
                  I-2-B

                	 	
                  Variable(2)

                	 	
                  $

                	
                  18,534,032.50

                	 	
                  December
                    25, 2036

                
	
                  I-3-A

                	 	
                  Variable(2)

                	 	
                  $

                	
                  17,312,161.25

                	 	
                  December
                    25, 2036

                
	
                  I-3-B

                	 	
                  Variable(2)

                	 	
                  $

                	
                  17,312,161.25

                	 	
                  December
                    25, 2036

                
	
                  I-4-A

                	 	
                  Variable(2)

                	 	
                  $

                	
                  16,677,226.25

                	 	
                  December
                    25, 2036

                
	
                  I-4-B

                	 	
                  Variable(2)

                	 	
                  $

                	
                  16,677,226.25

                	 	
                  December
                    25, 2036

                
	
                  I-5-A

                	 	
                  Variable(2)

                	 	
                  $

                	
                  16,066,878.75

                	 	
                  December
                    25, 2036

                
	
                  I-5-B

                	 	
                  Variable(2)

                	 	
                  $

                	
                  16,066,878.75

                	 	
                  December
                    25, 2036

                
	
                  I-6-A

                	 	
                  Variable(2)

                	 	
                  $

                	
                  15,478,001.25

                	 	
                  December
                    25, 2036

                
	
                  I-6-B

                	 	
                  Variable(2)

                	 	
                  $

                	
                  15,478,001.25

                	 	
                  December
                    25, 2036

                
	
                  I-7-A

                	 	
                  Variable(2)

                	 	
                  $

                	
                  15,181,785.00

                	 	
                  December
                    25, 2036

                
	
                  I-7-B

                	 	
                  Variable(2)

                	 	
                  $

                	
                  15,181,785.00

                	 	
                  December
                    25, 2036

                
	
                  I-8-A

                	 	
                  Variable(2)

                	 	
                  $

                	
                  14,376,533.75

                	 	
                  December
                    25, 2036

                
	
                  I-8-B

                	 	
                  Variable(2)

                	 	
                  $

                	
                  14,376,533.75

                	 	
                  December
                    25, 2036

                
	
                  I-9-A

                	 	
                  Variable(2)

                	 	
                  $

                	
                  13,887,472.50

                	 	
                  December
                    25, 2036

                
	
                  I-9-B

                	 	
                  Variable(2)

                	 	
                  $

                	
                  13,887,472.50

                	 	
                  December
                    25, 2036

                
	
                  I-10-A

                	 	
                  Variable(2)

                	 	
                  $

                	
                  13,583,256.25

                	 	
                  December
                    25, 2036

                
	
                  I-10-B

                	 	
                  Variable(2)

                	 	
                  $

                	
                  13,583,256.25

                	 	
                  December
                    25, 2036

                
	
                  I-11-A

                	 	
                  Variable(2)

                	 	
                  $

                	
                  13,997,793.75

                	 	
                  December
                    25, 2036

                
	
                  I-11-B

                	 	
                  Variable(2)

                	 	
                  $

                	
                  13,997,793.75

                	 	
                  December
                    25, 2036

                
	
                  I-12-A

                	 	
                  Variable(2)

                	 	
                  $

                	
                  15,231,730.00

                	 	
                  December
                    25, 2036

                
	
                  I-12-B

                	 	
                  Variable(2)

                	 	
                  $

                	
                  15,231,730.00

                	 	
                  December
                    25, 2036

                
	
                  I-13-A

                	 	
                  Variable(2)

                	 	
                  $

                	
                  24,983,357.50

                	 	
                  December
                    25, 2036

                
	
                  I-13-B

                	 	
                  Variable(2)

                	 	
                  $

                	
                  24,983,357.50

                	 	
                  December
                    25, 2036

                
	
                  I-14-A

                	 	
                  Variable(2)

                	 	
                  $

                	
                  158,616,421.25

                	 	
                  December
                    25, 2036

                
	
                  I-14-B

                	 	
                  Variable(2)

                	 	
                  $

                	
                  158,616,421.25

                	 	
                  December
                    25, 2036

                
	
                  I-15-A

                	 	
                  Variable(2)

                	 	
                  $

                	
                  9,106,385.00

                	 	
                  December
                    25, 2036

                
	
                  I-15-B

                	 	
                  Variable(2)

                	 	
                  $

                	
                  9,106,385.00

                	 	
                  December
                    25, 2036

                
	
                  I-16-A

                	 	
                  Variable(2)

                	 	
                  $

                	
                  8,160,278.75

                	 	
                  December
                    25, 2036

                
	
                  I-16-B

                	 	
                  Variable(2)

                	 	
                  $

                	
                  8,160,278.75

                	 	
                  December
                    25, 2036

                
	
                  I-17-A

                	 	
                  Variable(2)

                	 	
                  $

                	
                  7,211,985.00

                	 	
                  December
                    25, 2036

                
	
                  I-17-B

                	 	
                  Variable(2)

                	 	
                  $

                	
                  7,211,985.00

                	 	
                  December
                    25, 2036

                
	
                  I-18-A

                	 	
                  Variable(2)

                	 	
                  $

                	
                  4,196,851.25

                	 	
                  December
                    25, 2036

                
	
                  I-18-B

                	 	
                  Variable(2)

                	 	
                  $

                	
                  4,196,851.25

                	 	
                  December
                    25, 2036

                
	
                  I-19-A

                	 	
                  Variable(2)

                	 	
                  $

                	
                  4,030,980.00

                	 	
                  December
                    25, 2036

                
	
                  I-19-B

                	 	
                  Variable(2)

                	 	
                  $

                	
                  4,030,980.00

                	 	
                  December
                    25, 2036

                
	
                  I-20-A

                	 	
                  Variable(2)

                	 	
                  $

                	
                  3,892,702.50

                	 	
                  December
                    25, 2036

                
	
                  I-20-B

                	 	
                  Variable(2)

                	 	
                  $

                	
                  3,892,702.50

                	 	
                  December
                    25, 2036

                
	
                  I-21-A

                	 	
                  Variable(2)

                	 	
                  $

                	
                  3,893,296.25

                	 	
                  December
                    25, 2036

                
	
                  I-21-B

                	 	
                  Variable(2)

                	 	
                  $

                	
                  3,893,296.25

                	 	
                  December
                    25, 2036

                
	
                  I-22-A

                	 	
                  Variable(2)

                	 	
                  $

                	
                  3,587,057.50

                	 	
                  December
                    25, 2036

                
	
                  I-22-B

                	 	
                  Variable(2)

                	 	
                  $

                	
                  3,587,057.50

                	 	
                  December
                    25, 2036

                
	
                  I-23-A

                	 	
                  Variable(2)

                	 	
                  $

                	
                  3,509,525.00

                	 	
                  December
                    25, 2036

                
	
                  I-23-B

                	 	
                  Variable(2)

                	 	
                  $

                	
                  3,509,525.00

                	 	
                  December
                    25, 2036

                
	
                  I-24-A

                	 	
                  Variable(2)

                	 	
                  $

                	
                  4,203,692.50

                	 	
                  December
                    25, 2036

                
	
                  I-24-B

                	 	
                  Variable(2)

                	 	
                  $

                	
                  4,203,692.50

                	 	
                  December
                    25, 2036

                
	
                  I-25-A

                	 	
                  Variable(2)

                	 	
                  $

                	
                  5,607,132.50

                	 	
                  December
                    25, 2036

                
	
                  I-25-B

                	 	
                  Variable(2)

                	 	
                  $

                	
                  5,607,132.50

                	 	
                  December
                    25, 2036

                
	
                  I-26-A

                	 	
                  Variable(2)

                	 	
                  $

                	
                  25,865,272.50

                	 	
                  December
                    25, 2036

                
	
                  I-26-B

                	 	
                  Variable(2)

                	 	
                  $

                	
                  25,865,272.50

                	 	
                  December
                    25, 2036

                
	
                  I-27-A

                	 	
                  Variable(2)

                	 	
                  $

                	
                  1,812,060.00

                	 	
                  December
                    25, 2036

                
	
                  I-27-B

                	 	
                  Variable(2)

                	 	
                  $

                	
                  1,812,060.00

                	 	
                  December
                    25, 2036

                
	
                  I-28-A

                	 	
                  Variable(2)

                	 	
                  $

                	
                  1,683,830.00

                	 	
                  December
                    25, 2036

                
	
                  I-28-B

                	 	
                  Variable(2)

                	 	
                  $

                	
                  1,683,830.00

                	 	
                  December
                    25, 2036

                
	
                  I-29-A

                	 	
                  Variable(2)

                	 	
                  $

                	
                  1,634,310.00

                	 	
                  December
                    25, 2036

                
	
                  I-29-B

                	 	
                  Variable(2)

                	 	
                  $

                	
                  1,634,310.00

                	 	
                  December
                    25, 2036

                
	
                  I-30-A

                	 	
                  Variable(2)

                	 	
                  $

                	
                  1,586,273.75

                	 	
                  December
                    25, 2036

                
	
                  I-30-B

                	 	
                  Variable(2)

                	 	
                  $

                	
                  1,586,273.75

                	 	
                  December
                    25, 2036

                
	
                  I-31-A

                	 	
                  Variable(2)

                	 	
                  $

                	
                  1,539,681.25

                	 	
                  December
                    25, 2036

                
	
                  I-31-B

                	 	
                  Variable(2)

                	 	
                  $

                	
                  1,539,681.25

                	 	
                  December
                    25, 2036

                
	
                  I-32-A

                	 	
                  Variable(2)

                	 	
                  $

                	
                  1,494,481.25

                	 	
                  December
                    25, 2036

                
	
                  I-32-B

                	 	
                  Variable(2)

                	 	
                  $

                	
                  1,494,481.25

                	 	
                  December
                    25, 2036

                
	
                  I-33-A

                	 	
                  Variable(2)

                	 	
                  $

                	
                  1,450,637.50

                	 	
                  December
                    25, 2036

                
	
                  I-33-B

                	 	
                  Variable(2)

                	 	
                  $

                	
                  1,450,637.50

                	 	
                  December
                    25, 2036

                
	
                  I-34-A

                	 	
                  Variable(2)

                	 	
                  $

                	
                  1,408,101.25

                	 	
                  December
                    25, 2036

                
	
                  I-34-B

                	 	
                  Variable(2)

                	 	
                  $

                	
                  1,408,101.25

                	 	
                  December
                    25, 2036

                
	
                  I-35-A

                	 	
                  Variable(2)

                	 	
                  $

                	
                  1,366,837.50

                	 	
                  December
                    25, 2036

                
	
                  I-35-B

                	 	
                  Variable(2)

                	 	
                  $

                	
                  1,366,837.50

                	 	
                  December
                    25, 2036

                
	
                  I-36-A

                	 	
                  Variable(2)

                	 	
                  $

                	
                  1,326,803.75

                	 	
                  December
                    25, 2036

                
	
                  I-36-B

                	 	
                  Variable(2)

                	 	
                  $

                	
                  1,326,803.75

                	 	
                  December
                    25, 2036

                
	
                  I-37-A

                	 	
                  Variable(2)

                	 	
                  $

                	
                  1,287,965.00

                	 	
                  December
                    25, 2036

                
	
                  I-37-B

                	 	
                  Variable(2)

                	 	
                  $

                	
                  1,287,965.00

                	 	
                  December
                    25, 2036

                
	
                  I-38-A

                	 	
                  Variable(2)

                	 	
                  $

                	
                  1,250,282.50

                	 	
                  December
                    25, 2036

                
	
                  I-38-B

                	 	
                  Variable(2)

                	 	
                  $

                	
                  1,250,282.50

                	 	
                  December
                    25, 2036

                
	
                  I-39-A

                	 	
                  Variable(2)

                	 	
                  $

                	
                  1,213,721.25

                	 	
                  December
                    25, 2036

                
	
                  I-39-B

                	 	
                  Variable(2)

                	 	
                  $

                	
                  1,213,721.25

                	 	
                  December
                    25, 2036

                
	
                  I-40-A

                	 	
                  Variable(2)

                	 	
                  $

                	
                  1,178,247.50

                	 	
                  December
                    25, 2036

                
	
                  I-40-B

                	 	
                  Variable(2)

                	 	
                  $

                	
                  1,178,247.50

                	 	
                  December
                    25, 2036

                
	
                  I-41-A

                	 	
                  Variable(2)

                	 	
                  $

                	
                  1,143,826.25

                	 	
                  December
                    25, 2036

                
	
                  I-41-B

                	 	
                  Variable(2)

                	 	
                  $

                	
                  1,143,826.25

                	 	
                  December
                    25, 2036

                
	
                  I-42-A

                	 	
                  Variable(2)

                	 	
                  $

                	
                  1,110,428.75

                	 	
                  December
                    25, 2036

                
	
                  I-42-B

                	 	
                  Variable(2)

                	 	
                  $

                	
                  1,110,428.75

                	 	
                  December
                    25, 2036

                
	
                  I-43-A

                	 	
                  Variable(2)

                	 	
                  $

                	
                  1,078,020.00

                	 	
                  December
                    25, 2036

                
	
                  I-43-B

                	 	
                  Variable(2)

                	 	
                  $

                	
                  1,078,020.00

                	 	
                  December
                    25, 2036

                
	
                  I-44-A

                	 	
                  Variable(2)

                	 	
                  $

                	
                  1,046,572.50

                	 	
                  December
                    25, 2036

                
	
                  I-44-B

                	 	
                  Variable(2)

                	 	
                  $

                	
                  1,046,572.50

                	 	
                  December
                    25, 2036

                
	
                  I-45-A

                	 	
                  Variable(2)

                	 	
                  $

                	
                  1,016,056.25

                	 	
                  December
                    25, 2036

                
	
                  I-45-B

                	 	
                  Variable(2)

                	 	
                  $

                	
                  1,016,056.25

                	 	
                  December
                    25, 2036

                
	
                  I-46-A

                	 	
                  Variable(2)

                	 	
                  $

                	
                  986,441.25

                	 	
                  December
                    25, 2036

                
	
                  I-46-B

                	 	
                  Variable(2)

                	 	
                  $

                	
                  986,441.25

                	 	
                  December
                    25, 2036

                
	
                  I-47-A

                	 	
                  Variable(2)

                	 	
                  $

                	
                  957,703.75

                	 	
                  December
                    25, 2036

                
	
                  I-47-B

                	 	
                  Variable(2)

                	 	
                  $

                	
                  957,703.75

                	 	
                  December
                    25, 2036

                
	
                  I-48-A

                	 	
                  Variable(2)

                	 	
                  $

                	
                  947,437.50

                	 	
                  December
                    25, 2036

                
	
                  I-48-B

                	 	
                  Variable(2)

                	 	
                  $

                	
                  947,437.50

                	 	
                  December
                    25, 2036

                
	
                  I-49-A

                	 	
                  Variable(2)

                	 	
                  $

                	
                  942,147.50

                	 	
                  December
                    25, 2036

                
	
                  I-49-B

                	 	
                  Variable(2)

                	 	
                  $

                	
                  942,147.50

                	 	
                  December
                    25, 2036

                
	
                  I-50-A

                	 	
                  Variable(2)

                	 	
                  $

                	
                  1,551,190.00

                	 	
                  December
                    25, 2036

                
	
                  I-50-B

                	 	
                  Variable(2)

                	 	
                  $

                	
                  1,551,190.00

                	 	
                  December
                    25, 2036

                
	
                  I-51-A

                	 	
                  Variable(2)

                	 	
                  $

                	
                  28,670,338.75

                	 	
                  December
                    25, 2036

                
	
                  I-51-B

                	 	
                  Variable(2)

                	 	
                  $

                	
                  28,670,338.75

                	 	
                  December
                    25, 2036

                

        

        ___________________

        
          	(1)	
                  For
                    purposes of Section 1.860G-1(a)(4)(iii) of the Treasury
                    Regulations.

                

        

        
          	(2)	
                  Calculated
                    in accordance with the definition of “Uncertificated REMIC 1 Pass-Through
                    Rate” herein.

                

        

        
          
             

          

          
             

            
              

            

          

          
             

          

        

        REMIC
          2

         

        As
          provided herein, the Trustee shall elect to treat the segregated pool of
          assets
          consisting of the REMIC 1 Regular Interests as a REMIC for federal income
          tax
          purposes, and such segregated pool of assets shall be designated as “REMIC 2.”
The Class R-2 Interest shall evidence the sole class of “residual interests” in
          REMIC 2 for purposes of the REMIC Provisions under federal income tax law.
          The
          following table irrevocably sets forth the designation, the Uncertificated
          REMIC
          2 Pass-Through Rate, the initial Uncertificated Principal Balance and,
          for
          purposes of satisfying Treasury Regulation Section 1.860G-1(a)(4)(iii),
          the
“latest possible maturity date” for each of the REMIC 2 Regular Interests (as
          defined herein). None of the REMIC 2 Regular Interests shall be
          certificated.

         

        
          	
                  Designation

                	 	
                  Uncertificated
                    REMIC 2

                  Pass-Through
                    Rate

                	 	
                  Initial
                    Uncertificated Principal
                    Balance

                	 	
                  Latest
                    Possible Maturity
                    Date(1)

                
	
                  LTAA

                	 	
                  Variable(2)

                	 	
                  $

                	
                  1,179,876,375.40

                	 	
                  December
                    25, 2036

                
	
                  LTIA1

                	 	
                  Variable(2)

                	 	
                  $

                	
                  3,258,470.00

                	 	
                  December
                    25, 2036

                
	
                  LTIIA1

                	 	
                  Variable(2)

                	 	
                  $

                	
                  2,939,960.00

                	 	
                  December
                    25, 2036

                
	
                  LTIIA2

                	 	
                  Variable(2)

                	 	
                  $

                	
                  1,396,710.00

                	 	
                  December
                    25, 2036

                
	
                  LTIIA3

                	 	
                  Variable(2)

                	 	
                  $

                	
                  1,758,330.00

                	 	
                  December
                    25, 2036

                
	
                  LTIIA4

                	 	
                  Variable(2)

                	 	
                  $

                	
                  699,550.00

                	 	
                  December
                    25, 2036

                
	
                  LTM1

                	 	
                  Variable(2)

                	 	
                  $

                	
                  367,210.00

                	 	
                  December
                    25, 2036

                
	
                  LTM2

                	 	
                  Variable(2)

                	 	
                  $

                	
                  325,070.00

                	 	
                  December
                    25, 2036

                
	
                  LTM3

                	 	
                  Variable(2)

                	 	
                  $

                	
                  198,650.00

                	 	
                  December
                    25, 2036

                
	
                  LTM4

                	 	
                  Variable(2)

                	 	
                  $

                	
                  174,570.00

                	 	
                  December
                    25, 2036

                
	
                  LTM5

                	 	
                  Variable(2)

                	 	
                  $

                	
                  174,570.00

                	 	
                  December
                    25, 2036

                
	
                  LTM6

                	 	
                  Variable(2)

                	 	
                  $

                	
                  162,540.00

                	 	
                  December
                    25, 2036

                
	
                  LTM7

                	 	
                  Variable(2)

                	 	
                  $

                	
                  138,450.00

                	 	
                  December
                    25, 2036

                
	
                  LTM8

                	 	
                  Variable(2)

                	 	
                  $

                	
                  84,280.00

                	 	
                  December
                    25, 2036

                
	
                  LTM9

                	 	
                  Variable(2)

                	 	
                  $

                	
                  120,400.00

                	 	
                  December
                    25, 2036

                
	
                  LTZZ

                	 	
                  Variable(2)

                	 	
                  $

                	
                  12,280,349.70

                	 	
                  December
                    25, 2036

                
	
                  LTP

                	 	
                  Variable(2)

                	 	
                  $

                	
                  100.00

                	 	
                  December
                    25, 2036

                
	
                  LTIO

                	 	
                  Variable(2)

                	 	 	
                  (3)

                	 	
                  December
                    25, 2036

                

        

        ________________

        
          	(1)	
                  For
                    purposes of Section 1.860G-1(a)(4)(iii) of the Treasury
                    Regulations.

                

        

        
          	(2)	
                  Calculated
                    in accordance with the definition of “Uncertificated REMIC 2 Pass-Through
                    Rate” herein.

                

        

        
          	(3)	
                  REMIC
                    2 Regular Interest LTIO will not have an Uncertificated Principal
                    Balance,
                    but will accrue interest on its Uncertificated Notional Amount,
                    as defined
                    herein.

                

        

        
          
             

          

          
             

            
              

            

          

          
             

          

        

        REMIC
          3

         

        As
          provided herein, the Trustee shall elect to treat the segregated pool of
          assets
          consisting of the REMIC 2 Regular Interests as a REMIC for federal income
          tax
          purposes, and such segregated pool of assets shall be designated as “REMIC 3.”
The Class R-3 Interest shall evidence the sole class of “residual interests” in
          REMIC 3 for purposes of the REMIC Provisions.

         

        The
          following table irrevocably sets forth the designation, the Pass-Through
          Rate,
          the Original Class Certificate Principal Balance and, for purposes of satisfying
          Treasury Regulation Section 1.860G-1(a)(4)(iii), the “latest possible maturity
          date” for each Class of Certificates that represents one or more of the “regular
          interests” in REMIC 3 created hereunder:

         

        
          	
                  Designation

                	 	
                  Original
                    Class Certificate Principal
                    Balance

                	 	
                  Pass-Through
                    Rate

                	 	
                  Latest
                    Possible Maturity
                    Date(1)

                
	
                  Class
                    I-A1 

                	 	
                  $

                	
                  325,847,000.00

                	 	
                  Variable(2)

                	 	
                  December
                    25, 2036

                
	
                  Class
                    II-A1 

                	 	
                  $

                	
                  293,996,000.00

                	 	
                  Variable(2)

                	 	
                  December
                    25, 2036

                
	
                  Class
                    II-A2 

                	 	
                  $

                	
                  139,671,000.00

                	 	
                  Variable(2)

                	 	
                  December
                    25, 2036

                
	
                  Class
                    II-A3 

                	 	
                  $

                	
                  175,833,000.00

                	 	
                  Variable(2)

                	 	
                  December
                    25, 2036

                
	
                  Class
                    II-A4 

                	 	
                  $

                	
                  69,955,000.00

                	 	
                  Variable(2)

                	 	
                  December
                    25, 2036

                
	
                  Class
                    M-1 

                	 	
                  $

                	
                  36,721,000.00

                	 	
                  Variable(2)

                	 	
                  December
                    25, 2036

                
	
                  Class
                    M-2 

                	 	
                  $

                	
                  32,507,000.00

                	 	
                  Variable(2)

                	 	
                  December
                    25, 2036

                
	
                  Class
                    M-3 

                	 	
                  $

                	
                  19,865,000.00

                	 	
                  Variable(2)

                	 	
                  December
                    25, 2036

                
	
                  Class
                    M-4 

                	 	
                  $

                	
                  17,457,000.00

                	 	
                  Variable(2)

                	 	
                  December
                    25, 2036

                
	
                  Class
                    M-5 

                	 	
                  $

                	
                  17,457,000.00

                	 	
                  Variable(2)

                	 	
                  December
                    25, 2036

                
	
                  Class
                    M-6 

                	 	
                  $

                	
                  16,254,000.00

                	 	
                  Variable(2)

                	 	
                  December
                    25, 2036

                
	
                  Class
                    M-7 

                	 	
                  $

                	
                  13,845,000.00

                	 	
                  Variable(2)

                	 	
                  December
                    25, 2036

                
	
                  Class
                    M-8 

                	 	
                  $

                	
                  8,428,000.00

                	 	
                  Variable(2)

                	 	
                  December
                    25, 2036

                
	
                  Class
                    M-9 

                	 	
                  $

                	
                  12,040,000.00

                	 	
                  Variable(2)

                	 	
                  December
                    25, 2036

                
	
                  Class
                    C Interest

                	 	
                  $

                	
                  24,079,485.10

                	 	
                  Variable(4)

                	 	
                  December
                    25, 2036

                
	
                  Class
                    P Interest

                	 	
                  $

                	
                  100.00

                	 	
                  N/A(5)

                	 	
                  December
                    25, 2036

                
	
                  Class
                    IO Interest 

                	 	 	
                  (6)

                	 	
                  (7)

                	 	
                  December
                    25, 2036

                

        

        ________________

        
          	(1)	
                  For
                    purposes of Section 1.860G-1(a)(4)(iii) of the Treasury
                    Regulations.

                

        

        
          	(2)	
                  Calculated
                    in accordance with the definition of “Pass-Through Rate”
                    herein.

                

        

        
          	(3)	
                  Subject
                    to increase and limitation as set forth in the definition of
“Pass-Through
                    Rate” herein. 

                

        

        
          	(4)	
                  The
                    Class C Interest will accrue interest at its variable Pass-Through
                    Rate on
                    the Notional Amount of the Class C Interest outstanding from
                    time to time
                    which shall equal the aggregate Uncertificated Principal Balance
                    of the
                    REMIC 2 Regular Interests (other than REMIC 2 Regular Interest
                    LTP). The
                    Class C Interest will not accrue interest on its Certificate
                    Principal
                    Balance.

                

        

        
          	(5)	
                  The
                    Class P Interest will not accrue
                    interest.

                

        

        
          	(6)	
                  For
                    federal income tax purposes, the Class IO Interest will not have
                    a
                    Certificate Principal Balance, but will have a notional amount
                    equal to
                    the Uncertificated Notional Amount of REMIC 2 Regular Interest
                    LTIO.
                    

                

        

        
          	(7)	
                  For
                    federal income tax purposes, the Class IO Interest will not have
                    a
                    Pass-Through Rate, but will be entitled to 100% of the amounts
                    distributed
                    on REMIC 2 Regular Interest
                    LTIO.

                

        

        
          
             

          

          
             

            
              

            

          

          
             

          

        

        REMIC
          4

         

        As
          provided herein, the Trustee shall make an election to treat the segregated
          pool
          of assets consisting of the Class C Interest as a REMIC for federal income
          tax
          purposes, and such segregated pool of assets will be designated as “REMIC 4.”
The Class R-4 Interest represents the sole class of “residual interests” in
          REMIC 4 for purposes of the REMIC Provisions.

         

        The
          following table sets forth (or describes) the designation, Pass-Through
          Rate ,
          the Original Class Certificate Principal Balance and, for purposes of satisfying
          Treasury Regulation Section 1.860G-1(a)(4)(iii), the “latest possible maturity
          date” for the indicated Class of Certificates that represents a “regular
          interest” in REMIC 4 created hereunder:

         

        
          	
                  Designation

                	 	
                  Original
                    Class Certificate Principal
                    Balance

                	 	
                  Pass-Through
                    Rate

                	 	
                  Latest
                    Possible Maturity
                    Date(1)

                
	
                  Class
                    C Certificates

                	 	
                  $

                	
                  24,079,485.10

                	 	
                  Variable(2)

                	 	
                  December
                    25, 2036

                

        

        ________________

        
          	(1)	
                  For
                    purposes of Section 1.860G-1(a)(4)(iii) of the Treasury
                    Regulations.

                

        

        
          	(2)	
                  The
                    Class C Certificates will receive 100% of amounts received in
                    respect of
                    the Class C Interest.

                

        

        
          
             

          

          
             

            
              

            

          

          
             

          

        

        REMIC
          5

         

        As
          provided herein, the Trustee shall make an election to treat the segregated
          pool
          of assets consisting of the Class P Interest as a REMIC for federal income
          tax
          purposes, and such segregated pool of assets will be designated as “REMIC 5.”
The Class R-5 Interest represents the sole class of “residual interests” in
          REMIC 5 for purposes of the REMIC Provisions.

         

        The
          following table sets forth (or describes) the designation, Pass-Through
          Rate,
          the Original Class Certificate Principal Balance and, for purposes of satisfying
          Treasury Regulation Section 1.860G-1(a)(4)(iii), the “latest possible maturity
          date” for the indicated Class of Certificates that represents a “regular
          interest” in REMIC 5 created hereunder:

         

        
          	
                  Designation

                	 	
                  Original
                    Class Certificate Principal
                    Balance

                	 	
                  Pass-Through
                    Rate

                	 	
                  Latest
                    Possible Maturity
                    Date(1)

                
	
                  Class
                    P Certificates

                	 	
                  $

                	
                  100.00

                	 	
                  Variable(2)

                	 	
                  December
                    25, 2036

                

        

        ________________

        
          	(1)	
                  For
                    purposes of Section 1.860G-1(a)(4)(iii) of the Treasury
                    Regulations.

                

        

        
          	(2)	
                  The
                    Class P Certificates will receive 100% of amounts received in
                    respect of
                    the Class P Interest.

                

        

        
          
             

          

          
             

            
              

            

          

          
             

          

        

        REMIC
          6

         

        As
          provided herein, the Trustee shall make an election to treat the segregated
          pool
          of assets consisting of the Class IO Interest as a REMIC for federal income
          tax
          purposes, and such segregated pool of assets shall be designated as “REMIC 6.”
The Class R-6 Interest represents the sole class of “residual interests” in
          REMIC 6 for purposes of the REMIC Provisions. 

         

        The
          following table irrevocably sets forth the designation, the Pass-Through
          Rate,
          the Original Class Certificate Principal Balance and, for purposes of satisfying
          Treasury Regulation Section 1.860G-1(a)(4)(iii), the “latest possible maturity
          date” for the indicated REMIC 6 Regular Interest, which will be
          uncertificated.

         

        
          	
                  Designation

                	 	
                  Original
                    Class Certificate Principal
                    Balance

                	 	
                  Pass-Through
                    Rate

                	 	
                  Latest
                    Possible Maturity
                    Date(1)

                
	
                  SWAP
                    IO

                	 	
                  N/A

                	 	
                  Variable(2)

                	 	
                  December
                    25, 2036

                

        

        ________________

        
          	(1)	
                  For
                    purposes of Section 1.860G-1(a)(4)(iii) of the Treasury
                    Regulations.

                

        

        
          	(2)	
                  REMIC
                    6 Regular Interest SWAP IO shall receive 100% of amounts received
                    in
                    respect of the Class IO Interest.

                

        

        

         

         

        
          
             

          

          
             

            
              

            

          

          
             

          

        

        
 

        ARTICLE
          I

         

        DEFINITIONS

         

        	SECTION
                1.01  	
                Defined
                  Terms.

              

         

        Whenever
          used in this Agreement or in the Preliminary Statement, the following words
          and
          phrases, unless the context otherwise requires, shall have the meanings
          specified in this Article. Unless otherwise specified, all calculations
          in
          respect of interest on the Floating Rate Certificates shall be made on
          the basis
          of the actual number of days elapsed and a 360-day year and all calculations
          in
          respect of interest on the Class C Certificates, the Class IO Interest,
          the
          REMIC 1 Regular Interests, the REMIC 2 Regular Interests and all other
          calculations of interest described herein shall be made on the basis of
          a
          360-day year consisting of twelve 30-day months. The Class P Certificates
          and
          the Residual Certificates are not entitled to distributions in respect
          of
          interest and, accordingly, will not accrue interest.

         

        “Account”:
          Either of the Collection Account or Distribution Account.

         

        “Accrual
          Period”: With respect to the Floating Rate Certificates and each Distribution
          Date, the period commencing on the preceding Distribution Date (or in the
          case
          of the first such Accrual Period, commencing on the Closing Date) and ending
          on
          the day preceding the current Distribution Date. With respect to the Class
          C
          Certificates and each Distribution Date, the calendar month prior to the
          month
          of such Distribution Date. 

         

        “Adjustable-Rate
          Mortgage Loan”: A first lien Mortgage Loan which provides at any period during
          the life of such loan for the adjustment of the Mortgage Rate payable in
          respect
          thereto. The Adjustable-Rate Mortgage Loans are identified as such on the
          Mortgage Loan Schedule.

         

        “Adjusted
          Net Maximum Mortgage Rate”: With respect to any Mortgage Loan (or the related
          REO Property), as of any date of determination, a per annum rate of interest
          equal to the applicable Maximum Mortgage Rate for such Mortgage Loan (or
          the
          Mortgage Rate in the case of any Fixed-Rate Mortgage Loan) as of the first
          day
          of the month preceding the month in which the related Distribution Date
          occurs
          minus the sum of (i) the Servicing Fee Rate and (ii) the Credit Risk Manager
          Fee
          Rate.

         

        “Adjusted
          Net Mortgage Rate”: With respect to any Mortgage Loan (or the related REO
          Property), as of any date of determination, a per annum rate of interest
          equal
          to the applicable Mortgage Rate for such Mortgage Loan as of the first
          day of
          the month preceding the month in which the related Distribution Date occurs
          minus the sum of (i) the Servicing Fee Rate and (iii) the Credit Risk Manager
          Fee Rate.

         

        “Adjustment
          Date”: With respect to each Adjustable-Rate Mortgage Loan, each adjustment date,
          on which the Mortgage Rate of such Mortgage Loan changes pursuant to the
          related
          Mortgage Note. The first Adjustment Date following the Cut-off Date as
          to each
          Adjustable-Rate Mortgage Loan is set forth in the Mortgage Loan
          Schedule.

         

        “Advance”:
          As to any Mortgage Loan or REO Property, any advance made by the Servicer
          in
          respect of any Distribution Date pursuant to Section 4.04.

         

        “Advance
          Facility”: As defined in Section 3.29 hereof.

         

        “Advance
          Facility Trustee”: As defined in Section 3.29 hereof.

         

        “Advancing
          Person”: As defined in Section 3.29 hereof.

         

        “Advance
          Reimbursement Amounts”: As defined in Section 3.29 hereof.

         

        “Adverse
          REMIC Event”: As defined in Section 9.01(f) hereof.

         

        “Affiliate”:
          With respect to any Person, any other Person controlling, controlled by
          or under
          common control with such Person. For purposes of this definition, “control”
means the power to direct the management and policies of a Person, directly
          or
          indirectly, whether through ownership of voting securities, by contract
          or
          otherwise and “controlling” and “controlled” shall have meanings correlative to
          the foregoing.

         

        “Agreement”:
          This Pooling and Servicing Agreement and all amendments hereof and supplements
          hereto.

         

        “Allocated
          Realized Loss Amount”: With respect to any Distribution Date and any Class of
          Mezzanine Certificates, the sum of (i) any Realized Losses allocated to
          such
          Class of Certificates on such Distribution Date and (ii) the amount of
          any
          Allocated Realized Loss Amount for such Class of Certificates remaining
          undistributed from the previous Distribution Date as reduced by an amount
          equal
          to the increase in the related Certificate Principal Balance due to the
          receipt
          of Subsequent Recoveries.

         

        “Assignment”:
          An assignment of Mortgage, notice of transfer or equivalent instrument,
          in
          recordable form, which is sufficient under the laws of the jurisdiction
          wherein
          the related Mortgaged Property is located to reflect or record the sale
          of the
          Mortgage.

         

        “Assumed
          Final Maturity Date”: As to each Class of Certificates, the date set forth as
          such in the Prospectus Supplement.

         

        “Available
          Funds”: With respect to any Distribution Date, an amount equal to the excess
          of
          (i) the sum of (a) the aggregate of the related Monthly Payments received
          on the
          Mortgage Loans on or prior to the related Determination Date, (b) Net
          Liquidation Proceeds, Insurance Proceeds, Subsequent Recoveries, Principal
          Prepayments, proceeds from repurchases of and substitutions for such Mortgage
          Loans and other unscheduled recoveries of principal and interest in respect
          of
          the Mortgage Loans received during the related Prepayment Period, (c) the
          aggregate of any amounts received in respect of a related REO Property
          withdrawn
          from any REO Account and deposited in the Collection Account for such
          Distribution Date, (d) the aggregate of any amounts deposited in the Collection
          Account by the Servicer in respect of related Prepayment Interest Shortfalls
          for
          such Distribution Date, (e) the aggregate of any Advances made by the Servicer
          for such Distribution Date in respect of the Mortgage Loans, (f) the aggregate
          of any related advances made by the Trustee in respect of the Mortgage
          Loans for
          such Distribution Date pursuant to Section 7.02 and (g) the amount of any
          Prepayment Charges collected by the Servicer in connection with the full
          or
          partial prepayment of any of the Mortgage Loans and any Servicer Prepayment
          Charge Payment Amount over (ii) the sum of (a) amounts reimbursable or
          payable
          to the Servicer pursuant to Section 3.11(a) or the Trustee pursuant to
          Section
          3.11(b) or the Swap Provider (including any Net Swap Payment or Swap Termination
          Payment owed to the Swap Provider, but excluding any Swap Termination Payment
          owed to the Swap Provider resulting from a Swap Provider Trigger Event,
          (b)
          amounts deposited in the Collection Account or the Distribution Account
          pursuant
          to clauses (a) through (g) above, as the case may be, in error, (c) the
          amount
          of any Prepayment Charges collected by the Servicer in connection with
          the full
          or partial prepayment of any of the Mortgage Loans and any Servicer Prepayment
          Charge Payment Amount, (d) the fees of the Custodian payable from the
          Distribution Account pursuant to Section 8.05, (e) any indemnification
          payments
          or expense reimbursements made by the Trust Fund pursuant to Section 8.05
          and
          (f) any Net Swap Payment or Swap Termination Payment owed to the Swap Provider
          (other than any Swap Termination Payment owed to the Swap Provider resulting
          from a Swap Provider Trigger Event).

         

        “Balloon
          Mortgage Loan”: A Mortgage Loan that provides for the payment of the unamortized
          Stated Principal Balance of such Mortgage Loan in a single payment at the
          maturity of such Mortgage Loan that is substantially greater than the preceding
          monthly payment.

         

        “Balloon
          Payment”: A payment of the unamortized Stated Principal Balance of a Mortgage
          Loan in a single payment at the maturity of such Mortgage Loan that is
          substantially greater than the preceding Monthly Payment.

         

        “Bankruptcy
          Code”: The Bankruptcy Reform Act of 1978 (Title 11 of the United States Code),
          as amended.

         

        “Base
          Rate”: For any Distribution Date and the Floating Rate Certificates, the sum
          of
          (i) LIBOR plus (ii) the related Certificate Margin.

         

        “Basis
          Risk Cap Agreement”: The Basis Risk Cap Agreement, dated the Closing Date,
          between the Basis Risk Cap Provider and the Trustee, including any schedule,
          confirmations, credit support annex or other credit support document relating
          thereto, and attached hereto as Exhibit O-1.

         

        “Basis
          Risk Cap Amount”: The Basis Risk Cap Amount for any Class of the Floating-Rate
          Certificates is equal to (i) the aggregate amount received by the Trust
          from the
          Basis Risk Cap Agreement multiplied by (ii) a fraction equal to (a) the
          Certificate Principal Balance of such Class immediately prior to the applicable
          Distribution Date divided by (b) the aggregate Certificate Principal Balance
          of
          the Floating-Rate Certificates immediately prior to the applicable Distribution
          Date.

         

        “Basis
          Risk Cap Credit Support Annex”: The credit support annex, dated the Closing
          Date, between the Trustee and the Basis Risk Cap Provider, which is annexed
          to
          and forms part of the Basis Risk Cap Agreement.

         

        “Basis
          Risk Cap Provider”: The cap provider under the Basis Risk Cap Agreement.
          Initially, the Basis Risk Cap Provider shall be HSBC Bank USA, National
          Association.

         

        “Book-Entry
          Certificates”: Any of the Certificates that shall be registered in the name of
          the Depository or its nominee, the ownership of which is reflected on the
          books
          of the Depository or on the books of a Person maintaining an account with
          the
          Depository (directly, as a “Depository Participant”, or indirectly, as an
          indirect participant in accordance with the rules of the Depository and
          as
          described in Section 5.02 hereof). On the Closing Date, the Floating Rate
          Certificates shall be Book-Entry Certificates.

         

        “Business
          Day”: Any day other than a Saturday, a Sunday or a day on which banking or
          savings institutions in the State of Delaware, the State of New York, the
          State
          of Texas, the State of California or in the city in which the Corporate
          Trust
          Office of the Trustee is located are authorized or obligated by law or
          executive
          order to be closed.

         

        “Cap
          Account”: The account or accounts created and maintained pursuant to Section
          4.11. The Cap Account must be an Eligible Account.

         

        “Cap
          Allocation Agreement”: The Cap Allocation Agreement, dated as of November 30,
          2006, between the Trustee and the Cap Trustee, a form of which is attached
          hereto as Exhibit B.

         

        “Cap
          Trustee”: Deutsche Bank National Trust Company, a national banking association,
          not in its individual capacity but solely in its capacity as Cap Trustee,
          and
          any successor thereto.

         

        “Certificate”:
          Any Regular Certificate or Residual Certificate.

         

        “Certificateholder”
          or “Holder”: The Person in whose name a Certificate is registered in the
          Certificate Register, except that a Disqualified Organization or non-U.S.
          Person
          shall not be a Holder of a Residual Certificate for any purpose hereof
          and,
          solely for the purposes of giving any consent pursuant to this Agreement,
          any
          Certificate registered in the name of the Depositor or the Servicer or
          any
          Affiliate thereof shall be deemed not to be outstanding and the Voting
          Rights to
          which it is entitled shall not be taken into account in determining whether
          the
          requisite percentage of Voting Rights necessary to effect any such consent
          has
          been obtained, except as otherwise provided in Section 11.01. The Trustee
          and
          the NIMS Insurer may conclusively rely upon a certificate of the Depositor
          or
          the Servicer in determining whether a Certificate is held by an Affiliate
          thereof. All references herein to “Holders” or “Certificateholders” shall
          reflect the rights of Certificate Owners as they may indirectly exercise
          such
          rights through the Depository and participating members thereof, except
          as
          otherwise specified herein; provided, however, that the Trustee and the
          NIMS
          Insurer shall be required to recognize as a “Holder” or “Certificateholder” only
          the Person in whose name a Certificate is registered in the Certificate
          Register.

         

        “Certificate
          Margin”: With respect to each Class of Floating Rate Certificates and for
          purposes of the Marker Rate and the Maximum Uncertificated Accrued Interest
          Deferral Amount, the specified REMIC 2 Regular Interest, as
          follows:

         

        
          	
                  Class

                	
                  REMIC
                    2 Regular
                    Interest

                	
                  Certificate
                    Margin

                
	
                  (1)
                    (%)

                	
                  (2)
                    (%)

                
	
                  I-A1

                	
                  LTIA1

                	
                  0.125

                	
                  0.250

                
	
                  II-A1

                	
                  LTIIA1

                	
                  0.050

                	
                  0.100

                
	
                  II-A2

                	
                  LTIIA2

                	
                  0.100

                	
                  0.200

                
	
                  II-A3

                	
                  LTIIA3

                	
                  0.140

                	
                  0.280

                
	
                  II-A4

                	
                  LTIIA4

                	
                  0.210

                	
                  0.420

                
	
                  M-1

                	
                  LTM1

                	
                  0.220

                	
                  0.330

                
	
                  M-2

                	
                  LTM2

                	
                  0.280

                	
                  0.420

                
	
                  M-3

                	
                  LTM3

                	
                  0.330

                	
                  0.495

                
	
                  M-4

                	
                  LTM4

                	
                  0.390

                	
                  0.585

                
	
                  M-5

                	
                  LTM5

                	
                  0.410

                	
                  0.615

                
	
                  M-6

                	
                  LTM6

                	
                  0.470

                	
                  0.705

                
	
                  M-7

                	
                  LTM7

                	
                  0.800

                	
                  1.200

                
	
                  M-8

                	
                  LTM8

                	
                  1.050

                	
                  1.575

                
	
                  M-9

                	
                  LTM9

                	
                  2.000

                	
                  3.000

                

        

        __________

        (1) For
          the
          Accrual Period for each Distribution Date on or prior to the Optional
          Termination Date.

        (2) For
          each
          other Accrual Period.

        

        “Certificate
          Owner”: With respect to each Book-Entry Certificate, any beneficial owner
          thereof.

         

        “Certificate
          Principal Balance”: With respect to any Class of Regular Certificates (other
          than the Class C Certificates) immediately prior to any Distribution Date,
          will
          be equal to the Initial Certificate Principal Balance thereof plus any
          Subsequent Recoveries added to the Certificate Principal Balance of such
          Certificate pursuant to Section 4.01, reduced by the sum of all amounts
          actually
          distributed in respect of principal of such Class and, in the case of a
          Mezzanine Certificate, Realized Losses allocated thereto on all prior
          Distribution Dates. With respect to the Class C Certificates as of any
          date of
          determination, an amount equal to the excess, if any, of (A) the then aggregate
          Uncertificated Principal Balance of the REMIC 2 Regular Interests over
          (B) the
          then aggregate Certificate Principal Balance of the Floating Rate Certificates
          and the Class P Certificates then outstanding. 

         

        “Certificate
          Register” and “Certificate Registrar”: The register maintained and registrar
          appointed pursuant to Section 5.02 hereof.

         

        “Certification”.
          As defined in Section 3.22(b)(ii).

         

        “Class”:
          Collectively, Certificates which have the same priority of payment and
          bear the
          same class designation and the form of which is identical except for variation
          in the Percentage Interest evidenced thereby.

         

        “Class
          A
          Certificates”: Any Class I-A1 Certificate, Class II-A1 Certificate, Class II-A2
          Certificate, Class II-A3 Certificate or Class II-A4 Certificate. 

         

        “Class
          C
          Certificates”: Any one of the Class C Certificates executed by the Trustee, and
          authenticated and delivered by the Certificate Registrar, substantially
          in the
          form annexed hereto as Exhibit A-15, representing (i) a Regular Interest
          in
          REMIC 4, (ii) the obligation to pay Net WAC Rate Carryover Amounts and
          Swap
          Termination Payments and (iii) the right to receive the Class IO Distribution
          Amount.

         

        “Class
          C
          Interest”: An uncertificated interest in the Trust Fund held by the Trustee on
          behalf of the Holders of the Class C Certificates, evidencing a REMIC Regular
          Interest in REMIC 3 for purposes of the REMIC Provisions.

         

        “Class
          I-A1 Certificate”: Any one of the Class I-A1 Certificates executed by the
          Trustee, and authenticated and delivered by the Certificate Registrar,
          substantially in the form annexed hereto as Exhibit A-1, representing (i)
          a
          Regular Interest in REMIC 3, (ii) the right to receive the Net WAC Rate
          Carryover Amount and (iii) the obligation to pay the Class IO Distribution
          Amount.

         

        “Class
          II-A1 Certificate”: Any one of the Class II-A1 Certificates executed by the
          Trustee, and authenticated and delivered by the Certificate Registrar,
          substantially in the form annexed hereto as Exhibit A-2, representing (i)
          a
          Regular Interest in REMIC 3, (ii) the right to receive the Net WAC Rate
          Carryover Amount and (iii) the obligation to pay the Class IO Distribution
          Amount.

         

        “Class
          II-A2 Certificate”: Any one of the Class II-A2 Certificates executed by the
          Trustee, and authenticated and delivered by the Certificate Registrar,
          substantially in the form annexed hereto as Exhibit A-3, representing (i)
          a
          Regular Interest in REMIC 3, (ii) the right to receive the Net WAC Rate
          Carryover Amount and (iii) the obligation to pay the Class IO Distribution
          Amount.

         

        “Class
          II-A3 Certificate”: Any one of the Class II-A3 Certificates executed by the
          Trustee, and authenticated and delivered by the Certificate Registrar,
          substantially in the form annexed hereto as Exhibit A-4, representing (i)
          a
          Regular Interest in REMIC 3, (ii) the right to receive the Net WAC Rate
          Carryover Amount and (iii) the obligation to pay the Class IO Distribution
          Amount.

         

        “Class
          II-A4 Certificate”: Any one of the Class II-A4 Certificates executed by the
          Trustee, and authenticated and delivered by the Certificate Registrar,
          substantially in the form annexed hereto as Exhibit A-5, representing (i)
          a
          Regular Interest in REMIC 3, (ii) the right to receive the Net WAC Rate
          Carryover Amount and (iii) the obligation to pay the Class IO Distribution
          Amount.

         

        “Class
          M-1 Certificate”: Any one of the Class M-1 Certificates executed by the Trustee,
          and authenticated and delivered by the Certificate Registrar, substantially
          in
          the form annexed hereto as Exhibit A-6, representing (i) a Regular Interest
          in
          REMIC 3, (ii) the right to receive the Net WAC Rate Carryover Amount and
          (iii)
          the obligation to pay the Class IO Distribution Amount.

         

        “Class
          M-2 Certificate”: Any one of the Class M-2 Certificates executed by the Trustee,
          and authenticated and delivered by the Certificate Registrar, substantially
          in
          the form annexed hereto as Exhibit A-7, representing (i) a Regular Interest
          in
          REMIC 3, (ii) the right to receive the Net WAC Rate Carryover Amount and
          (iii)
          the obligation to pay the Class IO Distribution Amount.

         

        “Class
          M-3 Certificate”: Any one of the Class M-3 Certificates executed by the Trustee,
          and authenticated and delivered by the Certificate Registrar, substantially
          in
          the form annexed hereto as Exhibit A-8, representing (i) a Regular Interest
          in
          REMIC 3, (ii) the right to receive the Net WAC Rate Carryover Amount and
          (iii)
          the obligation to pay the Class IO Distribution Amount.

         

        “Class
          M-4 Certificate”: Any one of the Class M-4 Certificates executed by the Trustee,
          and authenticated and delivered by the Certificate Registrar, substantially
          in
          the form annexed hereto as Exhibit A-9, representing (i) a Regular Interest
          in
          REMIC 3, (ii) the right to receive the Net WAC Rate Carryover Amount and
          (iii)
          the obligation to pay the Class IO Distribution Amount.

         

        “Class
          M-4 Principal Distribution Amount”: The excess of (x) the sum of (i) the
          aggregate Certificate Principal Balance of the Class A Certificates (after
          taking into account the distribution of the Senior Principal Distribution
          Amount
          on such Distribution Date), (ii) the Certificate Principal Balance of the
          Class
          M-1 Certificates (after taking into account the distribution of the Sequential
          Class M Principal Distribution Amount on such Distribution Date), (iii)
          the
          Certificate Principal Balance of the Class M-2 Certificates (after taking
          into
          account the distribution of the Sequential Class M Principal Distribution
          Amount
          on such Distribution Date) (iv) the Certificate Principal Balance of the
          Class
          M-3 Certificates (after taking into account the distribution of the Class
          M-3
          Principal Distribution Amount on such Distribution Date) and (v) the Certificate
          Principal Balance of the Class M-4 Certificates immediately prior to such
          Distribution Date over (y) the lesser of (A) the product of (i) 84.70%
          and (ii)
          the aggregate Stated Principal Balance of the Mortgage Loans as of the
          last day
          of the related Due Period (after giving effect to scheduled payments of
          principal due during the related Due Period, to the extent received or
          advanced,
          and unscheduled collections of principal received during the related Prepayment
          Period) and (B) the aggregate Stated Principal Balance of the Mortgage
          Loans as
          of the last day of the related Due Period (after giving effect to scheduled
          payments of principal due during the related Due Period, to the extent
          received
          or advanced, and unscheduled collections of principal received during the
          related Prepayment Period) minus the related Overcollateralization
          Floor.

         

        “Class
          M-5 Certificate”: Any one of the Class M-5 Certificates executed by the Trustee,
          and authenticated and delivered by the Certificate Registrar, substantially
          in
          the form annexed hereto as Exhibit A-10, representing (i) a Regular Interest
          in
          REMIC 3, (ii) the right to receive the Net WAC Rate Carryover Amount and
          (iii)
          the obligation to pay the Class IO Distribution Amount.

         

        “Class
          M-5 Principal Distribution Amount”: The excess of (x) the sum of (i) the
          aggregate Certificate Principal Balance of the Class A Certificates (after
          taking into account the distribution of the Senior Principal Distribution
          Amount
          on such Distribution Date), (ii) the Certificate Principal Balance of the
          Class
          M-1 Certificates (after taking into account the distribution of the Sequential
          Class M Principal Distribution Amount on such Distribution Date), (iii)
          the
          Certificate Principal Balance of the Class M-2 Certificates (after taking
          into
          account the distribution of the Sequential Class M Principal Distribution
          Amount
          on such Distribution Date), (iv) the Certificate Principal Balance of the
          Class
          M-3 Certificates (after taking into account the distribution of the Class
          M-3
          Principal Distribution Amount on such Distribution Date), (v) the Certificate
          Principal Balance of the Class M-4 Certificates (after taking into account
          the
          distribution of the Class M-4 Principal Distribution Amount on such Distribution
          Date) and (vi) the Certificate Principal Balance of the Class M-5 Certificates
          immediately prior to such Distribution Date over (y) the lesser of (A)
          the
          product of (i) 87.60% and (ii) the aggregate Stated Principal Balance of
          the
          Mortgage Loans as of the last day of the related Due Period (after giving
          effect
          to scheduled payments of principal due during the related Due Period, to
          the
          extent received or advanced, and unscheduled collections of principal received
          during the related Prepayment Period) and (B) the aggregate Stated Principal
          Balance of the Mortgage Loans as of the last day of the related Due Period
          (after giving effect to scheduled payments of principal due during the
          related
          Due Period, to the extent received or advanced, and unscheduled collections
          of
          principal received during the related Prepayment Period) minus the related
          Overcollateralization Floor.

         

        “Class
          M-6 Certificate”: Any one of the Class M-6 Certificates executed by the Trustee,
          and authenticated and delivered by the Certificate Registrar, substantially
          in
          the form annexed hereto as Exhibit A-11, representing (i) a Regular Interest
          in
          REMIC 3, (ii) the right to receive the Net WAC Rate Carryover Amount and
          (iii)
          the obligation to pay the Class IO Distribution Amount.

         

        “Class
          M-6 Principal Distribution Amount”: The excess of (x) the sum of (i) the
          aggregate Certificate Principal Balance of the Class A Certificates (after
          taking into account the distribution of the Senior Principal Distribution
          Amount
          on such Distribution Date), (ii) the Certificate Principal Balance of the
          Class
          M-1 Certificates (after taking into account the distribution of the Sequential
          Class M Principal Distribution Amount on such Distribution Date), (iii)
          the
          Certificate Principal Balance of the Class M-2 Certificates (after taking
          into
          account the distribution of the Sequential Class M Principal Distribution
          Amount
          on such Distribution Date), (iv) the Certificate Principal Balance of the
          Class
          M-3 Certificates (after taking into account the distribution of the Class
          M-3
          Principal Distribution Amount on such Distribution Date), (v) the Certificate
          Principal Balance of the Class M-4 Certificates (after taking into account
          the
          distribution of the Class M-4 Principal Distribution Amount on such Distribution
          Date), (vi) the Certificate Principal Balance of the Class M-5 Certificates
          (after taking into account the distribution of the Class M-5 Principal
          Distribution Amount on such Distribution Date) and (vii) the Certificate
          Principal Balance of the Class M-6 Certificates immediately prior to such
          Distribution Date over (y) the lesser of (A) the product of (i) 90.30%
          and (ii)
          the aggregate Stated Principal Balance of the Mortgage Loans as of the
          last day
          of the related Due Period (after giving effect to scheduled payments of
          principal due during the related Due Period, to the extent received or
          advanced,
          and unscheduled collections of principal received during the related Prepayment
          Period) and (B) the aggregate Stated Principal Balance of the Mortgage
          Loans as
          of the last day of the related Due Period (after giving effect to scheduled
          payments of principal due during the related Due Period, to the extent
          received
          or advanced, and unscheduled collections of principal received during the
          related Prepayment Period) minus the related Overcollateralization
          Floor.

         

        “Class
          M-7 Certificate”: Any one of the Class M-7 Certificates executed by the Trustee,
          and authenticated and delivered by the Certificate Registrar, substantially
          in
          the form annexed hereto as Exhibit A-12, representing (i) a Regular Interest
          in
          REMIC 3, (ii) the right to receive the Net WAC Rate Carryover Amount and
          (iii)
          the obligation to pay the Class IO Distribution Amount.

         

        “Class
          M-7 Principal Distribution Amount”: The excess of (x) the sum of (i) the
          aggregate Certificate Principal Balance of the Class A Certificates (after
          taking into account the distribution of the Senior Principal Distribution
          Amount
          on such Distribution Date), (ii) the Certificate Principal Balance of the
          Class
          M-1 Certificates (after taking into account the distribution of the Sequential
          Class M Principal Distribution Amount on such Distribution Date), (iii)
          the
          Certificate Principal Balance of the Class M-2 Certificates (after taking
          into
          account the distribution of the Sequential Class M Principal Distribution
          Amount
          on such Distribution Date), (iv) the Certificate Principal Balance of the
          Class
          M-3 Certificates (after taking into account the distribution of the Class
          M-3
          Principal Distribution Amount on such Distribution Date), (v) the Certificate
          Principal Balance of the Class M-4 Certificates (after taking into account
          the
          distribution of the Class M-4 Principal Distribution Amount on such Distribution
          Date), (vi) the Certificate Principal Balance of the Class M-5 Certificates
          (after taking into account the distribution of the Class M-5 Principal
          Distribution Amount on such Distribution Date), (vii) the Certificate Principal
          Balance of the Class M-6 Certificates (after taking into account the
          distribution of the Class M-6 Principal Distribution Amount on such Distribution
          Date) and (viii) the Certificate Principal Balance of the Class M-7 Certificates
          immediately prior to such Distribution Date over (y) the lesser of (A)
          the
          product of (i) 92.60% and (ii) the aggregate Stated Principal Balance of
          the
          Mortgage Loans as of the last day of the related Due Period (after giving
          effect
          to scheduled payments of principal due during the related Due Period, to
          the
          extent received or advanced, and unscheduled collections of principal received
          during the related Prepayment Period) and (B) the aggregate Stated Principal
          Balance of the Mortgage Loans as of the last day of the related Due Period
          (after giving effect to scheduled payments of principal due during the
          related
          Due Period, to the extent received or advanced, and unscheduled collections
          of
          principal received during the related Prepayment Period) minus the related
          Overcollateralization Floor.

         

        “Class
          M-8 Certificate”: Any one of the Class M-8 Certificates executed by the Trustee,
          and authenticated and delivered by the Certificate Registrar, substantially
          in
          the form annexed hereto as Exhibit A-13, representing (i) a Regular Interest
          in
          REMIC 3, (ii) the right to receive the Net WAC Rate Carryover Amount and
          (iii)
          the obligation to pay the Class IO Distribution Amount.

         

        “Class
          M-8 Principal Distribution Amount”: The excess of (x) the sum of (i) the
          aggregate Certificate Principal Balance of the Class A Certificates (after
          taking into account the distribution of the Senior Principal Distribution
          Amount
          on such Distribution Date), (ii) the Certificate Principal Balance of the
          Class
          M-1 Certificates (after taking into account the distribution of the Sequential
          Class M Principal Distribution Amount on such Distribution Date), (iii)
          the
          Certificate Principal Balance of the Class M-2 Certificates (after taking
          into
          account the distribution of the Sequential Class M Principal Distribution
          Amount
          on such Distribution Date), (iv) the Certificate Principal Balance of the
          Class
          M-3 Certificates (after taking into account the distribution of the Class
          M-3
          Principal Distribution Amount on such Distribution Date), (v) the Certificate
          Principal Balance of the Class M-4 Certificates (after taking into account
          the
          distribution of the Class M-4 Principal Distribution Amount on such Distribution
          Date), (vi) the Certificate Principal Balance of the Class M-5 Certificates
          (after taking into account the distribution of the Class M-5 Principal
          Distribution Amount on such Distribution Date), (vii) the Certificate Principal
          Balance of the Class M-6 Certificates (after taking into account the
          distribution of the Class M-6 Principal Distribution Amount on such Distribution
          Date), (viii) the Certificate Principal Balance of the Class M-7 Certificates
          (after taking into account the distribution of the Class M-7 Principal
          Distribution Amount on such Distribution Date) and (ix) the Certificate
          Principal Balance of the Class M-8 Certificates immediately prior to such
          Distribution Date over (y) the lesser of (A) the product of (i) 94.00%
          and (ii)
          the aggregate Stated Principal Balance of the Mortgage Loans as of the
          last day
          of the related Due Period (after giving effect to scheduled payments of
          principal due during the related Due Period, to the extent received or
          advanced,
          and unscheduled collections of principal received during the related Prepayment
          Period) and (B) the aggregate Stated Principal Balance of the Mortgage
          Loans as
          of the last day of the related Due Period (after giving effect to scheduled
          payments of principal due during the related Due Period, to the extent
          received
          or advanced, and unscheduled collections of principal received during the
          related Prepayment Period) minus the related Overcollateralization
          Floor.

         

        “Class
          M-9 Certificate”: Any one of the Class M-9 Certificates executed by the Trustee,
          and authenticated and delivered by the Certificate Registrar, substantially
          in
          the form annexed hereto as Exhibit A-14, representing (i) a Regular Interest
          in
          REMIC 3, (ii) the right to receive the Net WAC Rate Carryover Amount and
          (iii)
          the obligation to pay the Class IO Distribution Amount.

         

        “Class
          M-9 Principal Distribution Amount”: The excess of (x) the sum of (i) the
          aggregate Certificate Principal Balance of the Class A Certificates (after
          taking into account the distribution of the Senior Principal Distribution
          Amount
          on such Distribution Date), (ii) the Certificate Principal Balance of the
          Class
          M-1 Certificates (after taking into account the distribution of the Sequential
          Class M Principal Distribution Amount on such Distribution Date), (iii)
          the
          Certificate Principal Balance of the Class M-2 Certificates (after taking
          into
          account the distribution of the Sequential Class M Principal Distribution
          Amount
          on such Distribution Date), (iv) the Certificate Principal Balance of the
          Class
          M-3 Certificates (after taking into account the distribution of the Class
          M-3
          Principal Distribution Amount on such Distribution Date), (v) the Certificate
          Principal Balance of the Class M-4 Certificates (after taking into account
          the
          distribution of the Class M-4 Principal Distribution Amount on such Distribution
          Date), (vi) the Certificate Principal Balance of the Class M-5 Certificates
          (after taking into account the distribution of the Class M-5 Principal
          Distribution Amount on such Distribution Date), (vii) the Certificate Principal
          Balance of the Class M-6 Certificates (after taking into account the
          distribution of the Class M-6 Principal Distribution Amount on such Distribution
          Date), (viii) the Certificate Principal Balance of the Class M-7 Certificates
          (after taking into account the distribution of the Class M-7 Principal
          Distribution Amount on such Distribution Date), (ix) the Certificate Principal
          Balance of the Class M-8 Certificates (after taking into account the
          distribution of the Class M-8 Principal Distribution Amount on such Distribution
          Date) and (x) the Certificate Principal Balance of the Class M-9 Certificates
          immediately prior to such Distribution Date over (y) the lesser of (A)
          the
          product of (i) 96.00% and (ii) the aggregate Stated Principal Balance of
          the
          Mortgage Loans as of the last day of the related Due Period (after giving
          effect
          to scheduled payments of principal due during the related Due Period, to
          the
          extent received or advanced, and unscheduled collections of principal received
          during the related Prepayment Period) and (B) the aggregate Stated Principal
          Balance of the Mortgage Loans as of the last day of the related Due Period
          (after giving effect to scheduled payments of principal due during the
          related
          Due Period, to the extent received or advanced, and unscheduled collections
          of
          principal received during the related Prepayment Period) minus the related
          Overcollateralization Floor.

         

        “Class
          P
          Certificate”: Any one of the Class P Certificates executed by the Trustee, and
          authenticated and delivered by the Certificate Registrar, substantially
          in the
          form annexed hereto as Exhibit A-15, representing a Regular Interest in
          REMIC
          5.

         

        “Class
          P
          Interest”: An uncertificated interest in the Trust Fund held by the Trustee on
          behalf of the Holders of the Class P Certificates, evidencing a Regular
          Interest
          in REMIC 3 for purposes of the REMIC Provisions.

         

        “Class
          R
          Certificate”: The Class R Certificate executed by the Trustee, and authenticated
          and delivered by the Certificate Registrar, substantially in the form annexed
          hereto as Exhibit A-17 and evidencing the ownership of the Class R-1 Interest,
          the Class R-2 Interest and the Class R-3 Interest.

         

        “Class
          R-1 Interest”: The uncertificated Residual Interest in REMIC 1.

         

        “Class
          R-2 Interest”: The uncertificated Residual Interest in REMIC 2.

         

        “Class
          R-3 Interest”: The uncertificated Residual Interest in REMIC 3.

         

        “Class
          R-4 Interest”: The uncertificated Residual Interest in REMIC 4.

         

        “Class
          R-5 Interest”: The uncertificated Residual Interest in REMIC 5.

         

        “Class
          R-6 Interest”: The uncertificated Residual Interest in REMIC 6.

         

        “Class
          R-X Certificate”: The Class R-X Certificate executed by the Trustee, and
          authenticated and delivered by the Certificate Registrar, substantially
          in the
          form annexed hereto as Exhibit A-21 and evidencing the ownership of the
          Class
          R-4 Interest, the Class R-5 Interest and the Class R-6 Interest.

         

        “Close
          of
          Business”: As used herein, with respect to any Business Day, 5:00 p.m. (New York
          time).

         

        “Closing
          Date”: November 30, 2006.

         

        “Code”:
          The Internal Revenue Code of 1986, as amended.

         

        “Collection
          Account”: The segregated account or accounts created and maintained by the
          Servicer pursuant to Section 3.10(a), which shall be titled “Deutsche Bank
          National Trust Company, as Trustee, in trust for registered Holders of
          First
          Franklin Mortgage Loan Trust 2006-FF16, Asset-Backed Certificates, Series
          2006-FF16,” which must be an Eligible Account.

         

        “Compensating
          Interest”: As defined in Section 3.24 hereof.

         

        “Corporate
          Trust Office”: The principal corporate trust office of the Trustee at which at
          any particular time its corporate trust business in connection with this
          Agreement shall be administered, which office at the date of the execution
          of
          this instrument is located at 1761 East St. Andrew Place, Santa Ana, CA
          92705-4934, Attention: Trust Administration-GC06ZA, or at such other address
          as
          the Trustee may designate from time to time by notice to the Certificateholders,
          the Depositor, the Servicer and the Seller.

         

        “Corresponding
          Certificate”: With respect to each REMIC 2 Regular Interest set forth below, the
          corresponding Regular Certificate set forth in the table below:

         

        
          	
                  REMIC
                    2 Regular Interest

                	
                  Regular
                    Certificate

                
	
                  LTIA1

                	
                  Class
                    I-A1

                
	
                  LTIIA1

                	
                  Class
                    II-A1

                
	
                  LTIIA2

                	
                  Class
                    II-A2

                
	
                  LTIIA3

                	
                  Class
                    II-A3

                
	
                  LTIIA4

                	
                  Class
                    II-A4

                
	
                  LTM1

                	
                  Class
                    M-1

                
	
                  LTM2

                	
                  Class
                    M-2

                
	
                  LTM3

                	
                  Class
                    M-3

                
	
                  LTM4

                	
                  Class
                    M-4

                
	
                  LTM5

                	
                  Class
                    M-5

                
	
                  LTM6

                	
                  Class
                    M-6

                
	
                  LTM7

                	
                  Class
                    M-7

                
	
                  LTM8

                	
                  Class
                    M-8

                
	
                  LTM9

                	
                  Class
                    M-9

                
	
                  LTP

                	
                  Class
                    P

                

        

        

        “Credit
          Risk Management Agreement”: The agreement between the Credit Risk Manager and
          the Servicer regarding the loss mitigation and advisory services to be
          provided
          by the Credit Risk Manager.

         

        “Credit
          Risk Manager”: Clayton Fixed Income Services Inc., a Colorado corporation,
          formerly known as The Murrayhill Company, and its successors and assigns.
          

         

        “Credit
          Risk Manager Fee”: for
          any
          Distribution Date is the premium payable to the Credit Risk Manager at
          the
          Credit Risk Manager Fee Rate on the then current aggregate principal balance
          of
          the Mortgage Loans. 

         

        “Credit
          Risk Manager Fee Rate”: for any Distribution Date is 0.012% per
          annum.

         

        “Cumulative
          Loss Percentage”: With respect to any Distribution Date, the percentage
          equivalent of a fraction, the numerator of which is the aggregate amount
          of
          Realized Losses incurred from the Cut-off Date to the last day of the preceding
          calendar month and the denominator of which is the aggregate Stated Principal
          Balance of the Mortgage Loans as of the Cut-off Date.

         

        “Custodial
          Agreement”: The Custodial Agreement, dated as of November 1, 2006, among the
          Custodian, the Trustee and the Servicer.

         

        “Custodian”:
          Wells Fargo Bank, N.A., as custodian of the Mortgage Files, or any successor
          thereto, pursuant to the Custodial Agreement.

         

        “Cut-off
          Date”: With respect to each Mortgage Loan, November 1, 2006. 

         

        “Cut-off
          Date Principal Balance”: With respect to any Mortgage Loan, the unpaid Stated
          Principal Balance thereof as of the Cut-off Date of such Mortgage Loan
          (or as of
          the applicable date of substitution with respect to a Qualified Substitute
          Mortgage Loan), after giving effect to scheduled payments due on or before
          the
          Cut-off Date, whether or not received.

         

        “Debt
          Service Reduction”: With respect to any Mortgage Loan, a reduction in the
          scheduled Monthly Payment for such Mortgage Loan by a court of competent
          jurisdiction in a proceeding under the Bankruptcy Code, except such a reduction
          resulting from a Deficient Valuation.

         

        “Deficient
          Valuation”: With respect to any Mortgage Loan, a valuation of the related
          Mortgaged Property by a court of competent jurisdiction in an amount less
          than
          the then outstanding Stated Principal Balance of the Mortgage Loan, which
          valuation results from a proceeding initiated under the Bankruptcy
          Code.

         

        “Definitive
          Certificates”: As defined in Section 5.02(c) hereof.

         

        “Deleted
          Mortgage Loan”: A Mortgage Loan replaced or to be replaced by one or more
          Qualified Substitute Mortgage Loans.

         

        “Delinquency
          Percentage”: For any Distribution Date, the percentage obtained by dividing (x)
          the aggregate Stated Principal Balance of Mortgage Loans that are Delinquent
          60
          days or more (including Mortgage Loans that are in foreclosure, that have
          been
          converted to REO Properties or that are in bankruptcy and are Delinquent
          60 days
          or more) by (y) the aggregate Stated Principal Balance of the Mortgage
          Loans, in
          each case, as of the last day of the previous calendar month.

         

        “Delinquent”:
          With respect to any Mortgage Loan and related Monthly Payment, the Monthly
          Payment due on a Due Date which is not made by the Close of Business on
          the next
          scheduled Due Date for such Mortgage Loan. For example, a Mortgage Loan
          is 60 or
          more days Delinquent if the Monthly Payment due on a Due Date is not made
          by the
          Close of Business on the second scheduled Due Date after such Due
          Date.

         

        “Depositor”:
          Financial Asset Securities Corp., a Delaware corporation, or any successor
          in
          interest.

         

        “Depository”:
          The initial Depository shall be The Depository Trust Company, whose nominee
          is
          Cede & Co., or any other organization registered as a “clearing agency”
pursuant to Section 17A of the Securities Exchange Act of 1934, as amended.
          The
          Depository shall initially be the registered Holder of the Book-Entry
          Certificates. The Depository shall at all times be a “clearing corporation” as
          defined in Section 8-102(3) of the Uniform Commercial Code of the State
          of New
          York.

         

        “Depository
          Participant”: A broker, dealer, bank or other financial institution or other
          person for whom from time to time a Depository effects book-entry transfers
          and
          pledges of securities deposited with the Depository.

         

        “Determination
          Date”: With respect to any Distribution Date, the 15th
          day of
          the calendar month in which such Distribution Date occurs or, if such
          15th
          day is
          not a Business Day, the Business Day immediately preceding such 15th
          day.

         

        “Directly
          Operate”: With respect to any REO Property, the furnishing or rendering of
          services to the tenants thereof, the management or operation of such REO
          Property, the holding of such REO Property primarily for sale to customers,
          the
          performance of any construction work thereon or any use of such REO Property
          in
          a trade or business conducted by any REMIC other than through an Independent
          Contractor; provided, however, that the Trustee (or the Servicer on behalf
          of
          the Trustee) shall not be considered to Directly Operate an REO Property
          solely
          because the Trustee (or the Servicer on behalf of the Trustee) establishes
          rental terms, chooses tenants, enters into or renews leases, deals with
          taxes
          and insurance, or makes decisions as to repairs or capital expenditures
          with
          respect to such REO Property.

         

        “Disqualified
          Organization”: A “disqualified organization” under Section 860E of the Code,
          which as of the Closing Date is any of: (i) the United States, any state
          or
          political subdivision thereof, any foreign government, any international
          organization, or any agency or instrumentality of any of the foregoing,
          (ii) any
          organization (other than a cooperative described in Section 521 of the
          Code)
          which is exempt from the tax imposed by Chapter 1 of the Code unless such
          organization is subject to the tax imposed by Section 511 of the Code,
          (iii) any
          organization described in Section 1381(a)(2)(C) of the Code or (iv) an
“electing
          large partnership” within the meaning of Section 775 of the Code. A corporation
          will not be treated as an instrumentality of the United States or of any
          state
          or political subdivision thereof, if all of its activities are subject
          to tax
          and, a majority of its board of directors is not selected by a governmental
          unit. The term “United States”, “state” and “international organizations” shall
          have the meanings set forth in Section 7701 of the Code.

         

        “Distribution
          Account”: The trust account or accounts created and maintained by the Trustee
          pursuant to Section 3.10(b) which shall be titled “Distribution Account,
          Deutsche Bank National Trust Company, as Trustee, in trust for the registered
          Certificateholders of First Franklin Mortgage Loan Trust 2006-FF16, Asset-Backed
          Certificates, Series 2006-FF16” and which must be an Eligible
          Account.

         

        “Distribution
          Date”: The 25th
          day of
          any calendar month, or if such 25th
          day is
          not a Business Day, the Business Day immediately following such 25th
          day,
          commencing in December 2006.

         

        “Due
          Date”: With respect to each Mortgage Loan and any Distribution Date, the first
          day of the calendar month in which such Distribution Date occurs on which
          the
          Monthly Payment for such Mortgage Loan was due (or, in the case of any
          Mortgage
          Loan under the terms of which the Monthly Payment for such Mortgage Loan
          was due
          on a day other than the first day of the calendar month in which such
          Distribution Date occurs, the day during the related Due Period on which
          such
          Monthly Payment was due), exclusive of any days of grace.

         

        “Due
          Period”: With respect to any Distribution Date, the period commencing on the
          second day of the month preceding the month in which such Distribution
          Date
          occurs and ending on the first day of the month in which such Distribution
          Date
          occurs.

         

        “Electronic
          Recording”: A mortgage or a mortgage-related document created, generated, sent,
          communicated, received, or stored by electronic means (that complies with
          the
          requirements of the Electronic Signatures in Global and National Commerce
          Act or
          the Uniform Electronic Transactions Act, as applicable) that has been accepted
          for recording by a participating county land records office which accepts
          such
          electronic record of a mortgage or a mortgage-related document as an alternative
          to recordation of the original paper form of such document.

         

        “Eligible
          Account”: Any of (i) an account or accounts maintained with a federal or state
          chartered depository institution or trust company the short-term unsecured
          debt
          obligations of which (or, in the case of a depository institution or trust
          company that is the principal subsidiary of a holding company, the short-term
          unsecured debt obligations of such holding company) are rated A-1+ by S&P,
          F-1 by Fitch and P-1 by Moody’s (or comparable ratings if S&P, Fitch and
          Moody’s are not the Rating Agencies) at the time any amounts are held on deposit
          therein, (ii) an account or accounts the deposits in which are fully insured
          by
          the FDIC up to the insured amount, (iii) a trust account or accounts maintained
          with the trust department of a federal or state chartered depository
          institution, national banking association or trust company acting in its
          fiduciary capacity or (iv) an account otherwise acceptable to each Rating
          Agency
          without reduction or withdrawal of their then current ratings of the
          Certificates as evidenced by a letter from each Rating Agency to the Trustee
          and
          the NIMS Insurer. Eligible Accounts may bear interest.

         

        “ERISA”:
          The Employee Retirement Income Security Act of 1974, as amended.

         

        “Escrow
          Account”: The account or accounts created and maintained pursuant to Section
          3.09.

         

        “Escrow
          Payments”: The amounts constituting ground rents, taxes, assessments, water
          rates, fire and hazard insurance premiums and other payments required to
          be
          escrowed by the Mortgagor with the mortgagee pursuant to any Mortgage
          Loan.

         

        “Estimated
          Swap Termination Payment”: As defined in the Interest Rate Swap
          Agreement.

         

        “Excess
          Overcollateralized Amount”: With respect to the Floating Rate Certificates and
          any Distribution Date, the excess, if any, of the sum of (i) the
          Overcollateralized Amount for such Distribution Date, assuming that 100%
          of the
          Principal Remittance Amount is applied as a principal payment on such
          Distribution Date and (ii) any amounts received under the Interest Rate
          Swap
          Agreement for such purpose over (iii) the Overcollateralization Target
          Amount
          for such Distribution Date.

         

        “Extra
          Principal Distribution Amount”: With respect to any Distribution Date, the
          lesser of (x) the Monthly Interest Distributable Amount payable on the
          Class C
          Certificates on such Distribution Date as reduced by Realized Losses allocated
          thereto with respect to such Distribution Date pursuant to Section 4.08
          and (y)
          the Overcollateralization Deficiency Amount for such Distribution
          Date.

         

        “Fannie
          Mae”: Federal National Mortgage Association or any successor
          thereto.

         

        “FDIC”:
          Federal Deposit Insurance Corporation or any successor thereto.

         

        “Final
          Recovery Determination”: With respect to any defaulted Mortgage Loan or any REO
          Property (other than a Mortgage Loan or REO Property purchased by the Seller
          or
          the Servicer pursuant to or as contemplated by Section 2.03, Section 3.16(c)
          or
          Section 10.01), a determination made by the Servicer that all Insurance
          Proceeds, Liquidation Proceeds and other payments or recoveries which the
          Servicer, in its reasonable good faith judgment, expects to be finally
          recoverable in respect thereof have been so recovered. The Servicer shall
          maintain records, prepared by a Servicing Officer, of each Final Recovery
          Determination made thereby.

         

        “Fitch”:
          Fitch Ratings, or its successor in interest.

         

        “Fixed-Rate
          Mortgage Loan”: A first lien Mortgage Loan which provides for a fixed Mortgage
          Rate payable with respect thereto. The Fixed-Rate Mortgage Loans are identified
          as such on the Mortgage Loan Schedule.

         

        “Fixed
          Swap Payment”: With respect to any Distribution Date, a fixed amount equal to
          the related amount set forth in the Interest Rate Swap Agreement.

         

        “Floating
          Rate Certificates”: Any Class A Certificate or Mezzanine
          Certificate.

         

        “Floating
          Swap Payment”: With respect to any Distribution Date, a floating amount equal to
          the product of (i) Swap LIBOR, (ii) the related Notional Amount (as
          defined in the Interest Rate Swap Agreement),
          (iii)
          250 and (iv) a fraction, the numerator of which is the actual number of
          days
          elapsed from and including the previous Floating Rate Payer Payment Date
          (as
          defined in the Interest Rate Swap Agreement) to but excluding the current
          Floating Rate Payer Payment Date (or, for the first Floating Rate Payer
          Payment
          Date, the actual number of days elapsed from the Closing Date to but excluding
          the first Floating Rate Payer Payment Date), and the denominator of which
          is
          360.

         

        “Formula
          Rate”: For any Distribution Date and any Class of the Floating Rate
          Certificates, the lesser of (i) the Base Rate and (ii) the Maximum Cap
          Rate.

         

        “Freddie
          Mac”: The Federal Home Loan Mortgage Corporation, or any successor
          thereto.

         

        “Gross
          Margin”: With respect to each Adjustable-Rate Mortgage Loan, the fixed
          percentage set forth in the related Mortgage Note that is added to the
          Index on
          each Adjustment Date in accordance with the terms of the related Mortgage
          Note
          used to determine the Mortgage Rate for such Mortgage Loan.

         

        “Group
          I
          Allocation Percentage”: With respect to any Distribution Date, the percentage
          equivalent of a fraction, the numerator of which is (i) the Group I Principal
          Remittance Amount for such Distribution Date, and the denominator of which
          is
          (ii) the Principal Remittance Amount for such Distribution Date.

         

        “Group
          I
          Basic Principal Distribution Amount”: With respect to any Distribution Date, the
          excess of (i) the Group I Principal Remittance Amount for such Distribution
          Date
          over (ii)(a) the Overcollateralization Release Amount, if any, for such
          Distribution Date multiplied by (b) the Group I Allocation
          Percentage.

         

        “Group
          I
          Certificates”: The Class I-A1 Certificates.

         

        “Group
          I
          Initial Deposit”: An amount equal to $107,991.64 deposited with the Trustee by
          the Depositor on the Closing Date. 

        

        “Group
          I
          Interest Remittance Amount”: With respect to any Distribution Date, that portion
          of the Available Funds for such Distribution Date attributable to interest
          received or advanced with respect to the Group I Mortgage Loans.

         

        “Group
          I
          Mortgage Loan”: A Mortgage Loan assigned to Loan Group I with a Stated Principal
          Balance at origination that conforms to Fannie Mae and Freddie Mac loan
          limits.
          The aggregate principal balance of the Group I Mortgage Loans as of the
          Cut-off
          Date is equal to $390,236,281.

         

        “Group
          I
          Principal Distribution Amount”: With respect to any Distribution Date, the sum
          of (i) the Group I Basic Principal Distribution Amount for such Distribution
          Date, (ii)(a) the Extra Principal Distribution Amount for such Distribution
          Date
          multiplied by (b) the Group I Allocation Percentage and (iii) with respect
          to
          the first Distribution Date, the Group I Initial Deposit.

         

        “Group
          I
          Principal Remittance Amount”: With respect to any Distribution Date, that
          portion of Available Funds equal to the sum of (i) each scheduled payment
          of
          principal collected or advanced on the Group I Mortgage Loans by the Servicer
          that were due during the related Due Period, (ii) the principal portion
          of all
          full Principal Prepayments of the Group I Mortgage Loans applied by the
          Servicer
          during the related Prepayment Period, (iii) the principal portion of all
          related
          partial Principal Prepayments, Net Liquidation Proceeds, Insurance Proceeds
          and
          Subsequent Recoveries received during the related Prepayment Period with
          respect
          to the Group I Mortgage Loans, (iv) that portion of the Purchase Price,
          representing principal of any repurchased Group I Mortgage Loan, deposited
          to
          the Collection Account during the related Prepayment Period, (v) the principal
          portion of any related Substitution Adjustments deposited in the Collection
          Account during the related Prepayment Period with respect to the Group
          I
          Mortgage Loans and (vi) on the Distribution Date on which the Trust Fund
          is to
          be terminated pursuant to Section 10.01, that portion of the Termination
          Price,
          in respect of principal on the Group I Mortgage Loans. 

         

        “Group
          I
          Senior Principal Distribution Amount”: The excess of (x) the Certificate
          Principal Balance of the Group I Certificates immediately prior to such
          Distribution Date over (y) the lesser of (A) the product of (i) 67.00%
          and (ii)
          the aggregate Stated Principal Balance of the Group I Mortgage Loans as
          of the
          last day of the related Due Period (after giving effect to scheduled payments
          of
          principal due during the related Due Period, to the extent received or
          advanced,
          and unscheduled collections of principal received during the related Prepayment
          Period) and (B) the aggregate Stated Principal Balance of the Group I Mortgage
          Loans as of the last day of the related Due Period (after giving effect
          to
          scheduled payments of principal due during the related Due Period, to the
          extent
          received or advanced, and unscheduled collections of principal received
          during
          the related Prepayment Period) minus the related Overcollateralization
          Floor.

         

        “Group
          II
          Allocation Percentage”: With respect to any Distribution Date, the percentage
          equivalent of a fraction, the numerator of which is (i) the Group II Principal
          Remittance Amount for such Distribution Date, and the denominator of which
          is
          (ii) the Principal Remittance Amount for such Distribution Date.

         

        “Group
          II
          Basic Principal Distribution Amount”: With respect to any Distribution Date, the
          excess of (i) the Group II Principal Remittance Amount for such Distribution
          Date over (ii)(a) the Overcollateralization Release Amount, if any, for
          such
          Distribution Date multiplied by (b) the Group II Allocation
          Percentage.

         

        “Group
          II
          Certificates”: Any Class II-A1 Certificate, Class II-A2 Certificate, Class II-A3
          Certificate or Class II-A4 Certificate.

         

        “Group
          II
          Initial Deposit”: An amount equal to $643,137.40 deposited with the Trustee by
          the Depositor on the Closing Date. 

        

        “Group
          II
          Interest Remittance Amount”: With respect to any Distribution Date, that portion
          of the Available Funds for such Distribution Date attributable to interest
          received or advanced with respect to the Group II Mortgage Loans.

         

        “Group
          II
          Mortgage Loan”: A Mortgage Loan assigned to Loan Group II with a Stated
          Principal Balance at origination that may or may not conform to Fannie
          Mae and
          Freddie Mac loan limits. The aggregate principal balance of the Group II
          Mortgage Loans as of the Cut-off Date is equal to $813,719,304.

         

        “Group
          II
          Principal Distribution Amount”: With respect to any Distribution Date, the sum
          of (i) the Group II Basic Principal Distribution Amount for such Distribution
          Date, (ii)(a) the Extra Principal Distribution Amount for such Distribution
          Date
          multiplied by (b) the Group II Allocation Percentage and (iii) with respect
          to
          the first Distribution Date, the Group II Initial Deposit.

         

        “Group
          II
          Principal Remittance Amount”: With respect to any Distribution Date, that
          portion of Available Funds equal to the sum of (i) each scheduled payment
          of
          principal collected or advanced on the Group II Mortgage Loans by the Servicer
          that were due during the related Due Period, (ii) the principal portion
          of all
          full Principal Prepayments of the Group II Mortgage Loans applied by the
          Servicer during the related Prepayment Period, (iii) the principal portion
          of
          all related partial Principal Prepayments, Net Liquidation Proceeds, Insurance
          Proceeds and Subsequent Recoveries received during the related Prepayment
          Period
          with respect to the Group II Mortgage Loans, (iv) that portion of the Purchase
          Price, representing principal of any repurchased Group II Mortgage Loan,
          deposited to the Collection Account during the related Prepayment Period,
          (v)
          the principal portion of any related Substitution Adjustments deposited
          in the
          Collection Account during the related Prepayment Period with respect to
          the
          Group II Mortgage Loans and (vi) on the Distribution Date on which the
          Trust
          Fund is to be terminated pursuant to Section 10.01, that portion of the
          Termination Price, in respect of principal on the Group II Mortgage Loans.
          

         

        “Group
          II
          Senior Principal Distribution Amount”: The excess of (x) the aggregate
          Certificate Principal Balance of the Group II Certificates immediately
          prior to
          such Distribution Date over (y) the lesser of (A) the product of (i) 58.00%
          and
          (ii) the aggregate Stated Principal Balance of the Group II Mortgage Loans
          as of
          the last day of the related Due Period (after giving effect to scheduled
          payments of principal due during the related Due Period, to the extent
          received
          or advanced, and unscheduled collections of principal received during the
          related Prepayment Period) and (B) the aggregate Stated Principal Balance
          of the
          Group II Mortgage Loans as of the last day of the related Due Period (after
          giving effect to scheduled payments of principal due during the related
          Due
          Period, to the extent received or advanced, and unscheduled collections
          of
          principal received during the related Prepayment Period) minus the related
          Overcollateralization Floor.

         

        “Highest
          Priority”: As
          of any
          date of determination, the Class of Mezzanine Certificates then outstanding
          with
          a Certificate Principal Balance greater than zero, with the highest priority
          for
          payments pursuant to Section 4.01, in the following order of decreasing
          priority: Class M-1, Class M-2, Class M-3, Class M-4, Class M-5, Class
          M-6,
          Class M-7, Class M-8, Class M-9 Certificates.

         

        “Indenture”:
          An indenture relating to the issuance of notes secured by the Class C
          Certificates, the Class P Certificates and/or Residual Certificates (or
          any
          portion thereof) which may or may not be guaranteed by the NIMS
          Insurer.

         

        “Independent”:
          When used with respect to any specified Person, any such Person who (a)
          is in
          fact independent of the Depositor, the Servicer and their respective Affiliates,
          (b) does not have any direct financial interest in or any material indirect
          financial interest in the Depositor or the Servicer or any Affiliate thereof,
          and (c) is not connected with the Depositor or the Servicer or any Affiliate
          thereof as an officer, employee, promoter, underwriter, trustee, partner,
          director or Person performing similar functions; provided, however, that
          a
          Person shall not fail to be Independent of the Depositor or the Servicer
          or any
          Affiliate thereof merely because such Person is the beneficial owner of
          1% or
          less of any class of securities issued by the Depositor or the Servicer
          or any
          Affiliate thereof, as the case may be.

         

        “Independent
          Contractor”: Either (i) any Person (other than the Servicer) that would be an
“independent contractor” with respect to any of the REMICs created hereunder
          within the meaning of Section 856(d)(3) of the Code if such REMIC were
          a real
          estate investment trust (except that the ownership tests set forth in that
          section shall be considered to be met by any Person that owns, directly
          or
          indirectly, 35% or more of any Class of Certificates), so long as each
          such
          REMIC does not receive or derive any income from such Person and provided
          that
          the relationship between such Person and such REMIC is at arm’s length, all
          within the meaning of Treasury Regulation Section 1.856-4(b)(5), or (ii)
          any
          other Person (including the Servicer) if the Trustee has received an Opinion
          of
          Counsel to the effect that the taking of any action in respect of any REO
          Property by such Person, subject to any conditions therein specified, that
          is
          otherwise herein contemplated to be taken by an Independent Contractor
          will not
          cause such REO Property to cease to qualify as “foreclosure property” within the
          meaning of Section 860G(a)(8) of the Code (determined without regard to
          the
          exception applicable for purposes of Section 860D(a) of the Code), or cause
          any
          income realized in respect of such REO Property to fail to qualify as Rents
          from
          Real Property.

         

        “Index”:
          With respect to each Adjustable-Rate Mortgage Loan and with respect to
          each
          related Adjustment Date, the index as specified in the related Mortgage
          Note.

         

        “Initial
          Certificate Principal Balance”: With respect to any Regular Certificate, the
          amount designated “Initial Certificate Principal Balance” on the face
          thereof.

         

        “Insurance
          Proceeds”: Proceeds of any title policy, hazard policy or other insurance policy
          covering a Mortgage Loan to the extent such proceeds are received by the
          Servicer and are not to be applied to the restoration of the related Mortgaged
          Property or released to the Mortgagor in accordance with the procedures
          that the
          Servicer would follow in servicing mortgage loans held for its own account,
          subject to the terms and conditions of the related Mortgage Note and
          Mortgage.

         

        “Interest
          Determination Date”: With respect to the Floating Rate Certificates and each
          Accrual Period, the second LIBOR Business Day preceding the commencement
          of such
          Accrual Period.

         

        “Interest
          Rate Cap Agreement”: The interest rate cap agreement, dated the Closing Date,
          between the Trustee and the Interest Rate Cap Provider, including any schedule,
          confirmations, credit support annex or other credit support document relating
          thereto, and attached hereto as Exhibit O-2.

         

        “Interest
          Rate Cap Credit Support Annex”: The credit support annex, dated the Closing
          Date, between the Cap Trustee and the Interest Rate Cap Provider, which
          is
          annexed to and forms part of the Interest Rate Cap Agreement.

         

        “Interest
          Rate Cap Provider”: The cap provider under the Interest Rate Cap Agreement.
          Initially, the Interest Rate Cap Provider shall be HSBC Bank USA, National
          Association.

         

        “Interest
          Rate Swap Agreement”: The interest rate swap agreement, dated the Closing Date,
          between the Supplemental Interest Trust Trustee and the Swap Provider,
          including
          any schedule, confirmations, credit support annex or other credit support
          document relating thereto, and attached hereto as Exhibit Q. 

         

        “Late
          Collections”: With respect to any Mortgage Loan, all amounts received subsequent
          to the Determination Date immediately following any related Due Period,
          whether
          as late payments of Monthly Payments or as Insurance Proceeds, Liquidation
          Proceeds or otherwise, which represent late payments or collections of
          principal
          and/or interest due (without regard to any acceleration of payments under
          the
          related Mortgage and Mortgage Note) but delinquent on a contractual basis
          for
          such Due Period and not previously recovered.

         

        “LIBOR”:
          With respect to each Accrual Period, the rate determined by the Trustee
          on the
          related Interest Determination Date on the basis of the London interbank
          offered
          rate for one-month United States dollar deposits, as such rate appears
          on the
          Telerate Page 3750, as of 11:00 a.m. (London time) on such Interest
          Determination Date. If such rate does not appear on Telerate Page 3750,
          the rate
          for such Interest Determination Date will be determined on the basis of
          the
          offered rates of the Reference Banks for one-month United States dollar
          deposits, as of 11:00 a.m. (London time) on such Interest Determination
          Date.
          The Trustee will request the principal London office of each of the Reference
          Banks to provide a quotation of its rate. On such Interest Determination
          Date,
          LIBOR for the related Accrual Period will be established by the Trustee
          as
          follows:

         

        (i)  If
          on
          such Interest Determination Date two or more Reference Banks provide such
          offered quotations, LIBOR for the related Accrual Period shall be the arithmetic
          mean of such offered quotations (rounded upwards if necessary to the nearest
          whole multiple of 1/16 of 1%); and

         

        (ii)  If
          on
          such Interest Determination Date fewer than two Reference Banks provide
          such
          offered quotations, LIBOR for the related Accrual Period shall be the higher
          of
          (i) LIBOR as determined on the previous Interest Determination Date and
          (ii) the
          Reserve Interest Rate.

         

        “LIBOR
          Business Day”: Any day on which banks in London, England and The City of New
          York are open and conducting transactions in foreign currency and
          exchange.

         

        “Liquidated
          Mortgage Loan”: As to any Distribution Date, any Mortgage Loan in respect of
          which the Servicer has determined, in accordance with the servicing procedures
          specified herein, as of the end of the related Prepayment Period, that
          all
          Liquidation Proceeds which it expects to recover with respect to the liquidation
          of the Mortgage Loan or disposition of the related REO Property have been
          recovered.

         

        “Liquidation
          Event”: With respect to any Mortgage Loan, any of the following events: (i) such
          Mortgage Loan is paid in full, (ii) a Final Recovery Determination is made
          as to
          such Mortgage Loan or (iii) such Mortgage Loan is removed from the Trust
          Fund by
          reason of its being purchased, sold or replaced pursuant to or as contemplated
          by Section 2.03, Section 3.16(c) or Section 10.01. With respect to any
          REO
          Property, either of the following events: (i) a Final Recovery Determination
          is
          made as to such REO Property or (ii) such REO Property is removed from
          the Trust
          Fund by reason of its being sold or purchased pursuant to Section 3.23
          or
          Section 10.01.

         

        “Liquidation
          Proceeds”: The amount (other than amounts received in respect of the rental of
          any REO Property prior to REO Disposition) received by the Servicer in
          connection with (i) the taking of all or a part of a Mortgaged Property
          by
          exercise of the power of eminent domain or condemnation, (ii) the liquidation
          of
          a defaulted Mortgage Loan by means of a trustee’s sale, foreclosure sale or
          otherwise or (iii) the repurchase, substitution or sale of a Mortgage Loan
          or an
          REO Property pursuant to or as contemplated by Section 2.03, Section 3.16(c),
          Section 3.23 or Section 10.01.

         

        “Loan-to-Value
          Ratio”: As of any date and as to any Mortgage Loan, the fraction, expressed as
          a
          percentage, the numerator of which is the Stated Principal Balance of the
          Mortgage Loan and the denominator of which is the Value of the related
          Mortgaged
          Property.

         

        “Loan
          Group”: Either Loan Group I or Loan Group II, as the context
          requires.

         

        “Loan
          Group I”: The group of Mortgage Loans identified in the Mortgage Loan Schedule
          as having been assigned to Loan Group I.

         

        “Loan
          Group II”: The group of Mortgage Loans identified in the Mortgage Loan Schedule
          as having been assigned to Loan Group II.

         

        “Losses”:
          As defined in Section 9.03.

         

        “Lost
          Note Affidavit”: With respect to any Mortgage Loan as to which the original
          Mortgage Note has been permanently lost, misplaced or destroyed and has
          not been
          replaced, an affidavit from the Originator or the Seller certifying that
          the
          original Mortgage Note has been lost, misplaced or destroyed (together
          with a
          copy of the related Mortgage Note) and indemnifying the Trust against any
          loss,
          cost or liability resulting from the failure to deliver the original Mortgage
          Note in the form of Exhibit H hereto.

         

        “Majority
          Certificateholders”: The Holders of Certificates evidencing at least 51% of the
          Voting Rights.

         

        “Marker
          Rate”: With respect to the Class C Interest and any Distribution Date, a per
          annum rate equal to two (2) times the weighted average of the Uncertificated
          REMIC 2 Pass-Through Rates for each REMIC 2 Regular Interest (other than
          REMIC 2
          Regular Interest LTAA, REMIC 2 Regular Interest LTIO and REMIC 2 Regular
          Interest LTP), with the rate on each such REMIC 2 Regular Interest (other
          than
          REMIC 2 Regular Interest LTZZ) subject to a cap equal to the Pass-Through
          Rate
          for the Corresponding Certificate for the purpose of this calculation;
          and with
          the rate on REMIC 2 Regular Interest LTZZ subject to a cap of zero for
          the
          purpose of this calculation; provided, however, that solely for this purpose,
          calculations of the Uncertificated REMIC 2 Pass-Through Rate and the related
          caps with respect to each such REMIC 2 Regular Interest (other than REMIC
          2
          Regular Interest LTZZ) shall be multiplied by a fraction, the numerator
          of which
          is the actual number of days in the related Interest Accrual Period and
          the
          denominator of which is 30.

         

        “Master
          Consulting Agreement”: The master consulting agreement dated as of April 18,
          2005, by and between Greenwich Capital Markets, Inc. and the Credit Risk
          Manager.

         

        “Maximum
          Cap Rate”: For any Distribution Date with respect to the Floating Rate
          Certificates, a per annum rate equal to the product of (i) (x) the weighted
          average of the Adjusted Net Maximum Mortgage Rates of the Mortgage Loans,
          weighted on the basis of the outstanding Stated Principal Balance of the
          Mortgage Loans as of the last day of the related Due Period (after taking
          into
          account any Principal Payments received during the related Prepayment Period)
          minus the Swap Expense Fee Rate, plus (y) an amount, expressed as a percentage
          equal to a fraction, the numerator of which is equal to any Net Swap Payment
          and
          any Swap Termination Payment made by the Swap Provider and the denominator
          of
          which is equal to the aggregate Stated Principal Balance of the Mortgage
          Loans
          as of the last day of the related Due Period (after taking into account
          any
          Principal Prepayments received during the related Prepayment Period), multiplied
          by 12 minus (z) the Swap Expense Fee Rate and (ii) a fraction, the numerator
          of
          which is 30 and the denominator of which is the actual number of days elapsed
          in
          the related Accrual Period.

         

        “Maximum
          Mortgage Rate”: With respect to each Mortgage Loan, the percentage set forth in
          the related Mortgage Note as the maximum Mortgage Rate thereunder.

         

        “Maximum
          Uncertificated Accrued Interest Deferral Amount”: With respect to any
          Distribution Date, the excess of (a) accrued interest at the Uncertificated
          REMIC 2 Pass-Through Rate applicable to REMIC 2 Regular Interest LTZZ for
          such
          Distribution Date on a balance equal to the Uncertificated Principal Balance
          of
          REMIC 2 Regular Interest LTZZ minus the REMIC 2 Overcollateralization Amount,
          in
          each case for such Distribution Date, over (b) the sum of the Uncertificated
          Accrued Interest on REMIC 2 Regular Interest LTIA1, REMIC 2 Regular Interest
          LTIIA1, REMIC 2 Regular Interest LTIIA2, REMIC 2 Regular Interest LTIIA3,
          REMIC
          2 Regular Interest LTIIA4, REMIC 2 Regular Interest LTM1, REMIC 2 Regular
          Interest LTM2, REMIC 2 Regular Interest LTM3, REMIC 2 Regular Interest
          LTM4,
          REMIC 2 Regular Interest LTM5, REMIC 2 Regular Interest LTM6, REMIC 2 Regular
          Interest LTM7, REMIC 2 Regular Interest LTM8, REMIC 2 Regular Interest
          LTM9,
          REMIC 2 Regular Interest LTM10, REMIC 2 Regular Interest LTM11 and REMIC
          2
          Regular Interest LTM12 with the rate on each such REMIC 2 Regular Interest
          subject to a cap equal to the Pass-Through Rate for the related Corresponding
          Certificate for the purpose of this calculation; provided, however, that
          for
          this purpose, calculations of the Uncertificated REMIC 2 Pass-Through Rate
          and
          the related caps with respect to each such REMIC 2 Regular Interest (other
          than
          REMIC 2 Regular Interest LTZZ) shall be multiplied by a fraction, the numerator
          of which is the actual number of days elapsed in the related Accrual Period
          and
          the denominator of which is 30.

        

        “Maximum
          Mortgage Rate”: With respect to each Adjustable-Rate Mortgage Loan, the
          percentage set forth in the related Mortgage Note as the maximum Mortgage
          Rate
          thereunder.

         

        “MERS”:
          Mortgage Electronic Registration Systems, Inc., a corporation organized
          and
          existing under the laws of the State of Delaware, or any successor
          thereto.

         

        “MERS®
          System”: The system of recording transfers of Mortgages electronically
          maintained by MERS.

         

        “Mezzanine
          Certificate”: Any Class M-1 Certificate, Class M-2 Certificate, Class M-3
          Certificate, Class M-4 Certificate, Class M-5 Certificate, Class M-6
          Certificate, Class M-7 Certificate, Class M-8 Certificate or Class M-9
          Certificate.

         

        “MIN”:
          The Mortgage Identification Number for Mortgage Loans registered with MERS
          on
          the MERS® System.

         

        “Minimum
          Mortgage Rate”: With respect to each Adjustable-Rate Mortgage Loan, the
          percentage set forth in the related Mortgage Note as the minimum Mortgage
          Rate
          thereunder.

         

        “MOM
          Loan”: With respect to any applicable Mortgage Loan, MERS acting as the
          mortgagee of such Mortgage Loan, solely as nominee for the originator of
          such
          Mortgage Loan and its successors and assigns, at the origination
          thereof.

         

        “Monthly
          Interest Distributable Amount”: With respect to any Class of the Floating Rate
          Certificates and Class C Certificates and any Distribution Date, the amount
          of
          interest accrued during the related Accrual Period at the related Pass-Through
          Rate on the Certificate Principal Balance (or Notional Amount in the case
          of the
          Class C Certificates) of such Class immediately prior to such Distribution
          Date,
          in each case, reduced by any Net Prepayment Interest Shortfalls, Relief
          Act
          Interest Shortfalls (allocated to such Certificate based on its respective
          entitlements to interest irrespective of any Net Prepayment Interest Shortfalls
          and Relief Act Interest Shortfalls for such Distribution Date).

         

        “Monthly
          Payment”: With respect to any Mortgage Loan, the scheduled monthly payment of
          principal and interest on such Mortgage Loan which is payable by the related
          Mortgagor from time to time under the related Mortgage Note, determined:
          (a)
          after giving effect to (i) any Deficient Valuation and/or Debt Service
          Reduction
          with respect to such Mortgage Loan, (ii) any modifications to a Mortgage
          Loan
          pursuant to Section 3.07 and (iii) any reduction in the amount of interest
          collectible from the related Mortgagor pursuant to the Relief Act; (b)
          without
          giving effect to any extension granted or agreed to by the Servicer pursuant
          to
          Section 3.07; and (c) on the assumption that all other amounts, if any,
          due
          under such Mortgage Loan are paid when due.

         

        “Moody’s”:
          Moody’s Investors Service, Inc., or its successor in interest.

         

        “Mortgage”:
          The mortgage, deed of trust or other instrument creating a first lien on,
          or
          first priority security interest in, a Mortgaged Property securing a Mortgage
          Note.

         

        “Mortgage
          File”: The mortgage documents listed in Section 2.01 pertaining to a particular
          Mortgage Loan and any additional documents required to be added to the
          Mortgage
          File pursuant to this Agreement.

         

        “Mortgage
          Loan”: Each mortgage loan transferred and assigned to the Trustee pursuant to
          Section 2.01 or Section 2.03(d) as from time to time held as a part of
          the Trust
          Fund, the Mortgage Loans so held being identified in the Mortgage Loan
          Schedule.

         

        “Mortgage
          Loan Purchase Agreement”: The Mortgage Loan Purchase Agreement, dated as of
          November 2, 2006, between the Seller and the Depositor, substantially in
          the
          form attached hereto as Exhibit C.

         

        “Mortgage
          Loan Schedule”: As of any date, the list of Mortgage Loans included in REMIC 2
          on such date, separately identifying the Group I Mortgage Loans and the
          Group II
          Mortgage Loans, attached hereto as Exhibit D. The Mortgage Loan Schedule
          shall
          be prepared by the Depositor and shall set forth the following information
          with
          respect to each Mortgage Loan, as applicable:

         

        (1)  the
          Mortgage Loan identifying number;

         

        (2)  [reserved];

         

        (3)  the
          state
          and zip code of the Mortgaged Property;

         

        
          (4) 
a
            code
            indicating whether the Mortgaged Property was represented by the borrower,
            at
            the time of origination, as being owner-occupied;

        

         

        (5)  the
          type
          of Residential Dwelling constituting the Mortgaged Property;

         

        (6)  the
          original months to maturity;

         

        
          (7)  the
            stated remaining months to maturity from the Cut-off Date based on the
            original
            amortization schedule;

           

        

        (8)  the
          Loan-to-Value Ratio at origination;

         

        (9)  the
          Mortgage Rate in effect immediately following the Cut-off Date;

         

        
          (10)    
            the
            date on which the first Monthly Payment was due on the Mortgage
            Loan;

        

         

        (11)    
          the
          stated maturity date;

         

        (12)    
          the
          amount of the Monthly Payment at origination;

         

        
          (13)    the
            amount of the Monthly Payment due on the first Due Date after the Cut-
            off
            Date;

           

          
            (14)    the
              last
              Due Date on which a Monthly Payment was actually applied to the unpaid
              Stated
              Principal Balance;

             

          

        

        (15)   
          the
          original principal amount of the Mortgage Loan;

         

        
          (16)    the
            Stated Principal Balance of the Mortgage Loan as of the Close of Business
            on the
            Cut-off Date;

           

          
            (17)    a
              code
              indicating the purpose of the Mortgage Loan (i.e., purchase financing,
              rate/term
              refinancing, cash-out refinancing);

          

        

         

        (18)    
          the
          Mortgage Rate at origination;

         

        
          (19)    a
            code
            indicating the documentation program (i.e., full documentation, limited
            income
            verification, no income verification, alternative income
            verification);

        

         

        (20)    
          the
          risk
          grade;

         

        (21)    
          the
          Value
          of the Mortgaged Property;

         

        (22)    
          the
          sale
          price of the Mortgaged Property, if applicable;

         

        
          (23)    
            the
            actual unpaid principal balance of the Mortgage Loan as of the Cut-off
            Date;

           

        

        (24)     the
          type
          and term of the related Prepayment Charge;

        
           

          (25)     with
            respect to any Adjustable-Rate Mortgage Loan, the rounding code, the
            Minimum
            Mortgage Rate, the Maximum Mortgage Rate, the Gross Margin, the next
            Adjustment
            Date and the Periodic Rate Cap;

           

        

        (26)     
          the
          program code;

         

        (27)     
          the
          Loan
          Group; and

         

        (28)     
          the
          lien
          priority.

         

        The
          Mortgage Loan Schedule shall set forth the following information, with
          respect
          to the Mortgage Loans in the aggregate and for each Loan Group as of the
          Cut-off
          Date: (1) the number of Mortgage Loans (separately identifying the number
          of
          Fixed-Rate Mortgage Loans and the number of Adjustable-Rate Mortgage Loans);
          (2)
          the current Principal Balance of the Mortgage Loans; (3) the weighted average
          Mortgage Rate of the Mortgage Loans and (4) the weighted average remaining
          term
          to maturity of the Mortgage Loans. The Mortgage Loan Schedule shall be
          amended
          from time to time by the Servicer in accordance with the provisions of
          this
          Agreement. With respect to any Qualified Substitute Mortgage Loan, Cut-off
          Date
          shall refer to the Cut-off Date for such Mortgage Loan, determined in accordance
          with the definition of Cut-off Date herein. On the Closing Date, the Depositor
          will deliver to the Servicer, as of the Cut-off Date, an electronic copy
          of the
          Mortgage Loan Schedule.

         

        “Mortgage
          Note”: The original executed note or other evidence of indebtedness evidencing
          the indebtedness of a Mortgagor under a Mortgage Loan.

         

        “Mortgage
          Pool”: The pool of Mortgage Loans, identified on Exhibit D from time to time,
          and any REO Properties acquired in respect thereof.

         

        “Mortgage
          Rate”: With respect to each Fixed-Rate Mortgage Loan, the rate set forth in
          the
          related Mortgage Note. With respect to each Adjustable-Rate Mortgage Loan,
          the
          annual rate at which interest accrues on such Mortgage Loan from time to
          time in
          accordance with the provisions of the related Mortgage Note, which rate
          (A) as
          of any date of determination until the first Adjustment Date following
          the
          Cut-off Date shall be the rate set forth in the Mortgage Loan Schedule
          as the
          Mortgage Rate in effect immediately following the Cut-off Date and (B)
          as of any
          date of determination thereafter shall be the rate as adjusted on the most
          recent Adjustment Date, to equal the sum, rounded to the next highest or
          nearest
          0.125% (as provided in the Mortgage Note), of the Index, determined as
          set forth
          in the related Mortgage Note, plus the related Gross Margin subject to
          the
          limitations set forth in the related Mortgage Note. With respect to each
          Mortgage Loan that becomes an REO Property, as of any date of determination,
          the
          annual rate determined in accordance with the immediately preceding sentence
          as
          of the date such Mortgage Loan became an REO Property.

         

        “Mortgaged
          Property”: The underlying property securing a Mortgage Loan, including any REO
          Property, consisting of a fee simple estate in a parcel of real property
          improved by a Residential Dwelling.

         

        “Mortgagor”:
          The obligor on a Mortgage Note.

         

        “Net
          Liquidation Proceeds”: With respect to any Liquidated Mortgage Loan or any other
          disposition of related Mortgaged Property (including REO Property) the
          related
          Liquidation Proceeds and Insurance Proceeds net of Advances, Servicing
          Advances,
          Servicing Fees and any other accrued and unpaid servicing fees or ancillary
          income received and retained in connection with the liquidation of such
          Mortgage
          Loan or Mortgaged Property.

         

        “Net
          Monthly Excess Cashflow”: With respect to each Distribution Date, the sum of (a)
          any Overcollateralization Release Amount for such Distribution Date and
          (b) the
          excess of (x) Available Funds for such Distribution Date over (y) the sum
          for
          such Distribution Date of (A) the Monthly Interest Distributable Amounts
          for the
          Floating Rate Certificates, (B) the Unpaid Interest Shortfall Amounts for
          the
          Class A Certificates and (C) the Principal Remittance Amount.

         

        “Net
          Mortgage Rate”: With respect to any Mortgage Loan (or the related REO Property),
          as of any date of determination, a per annum rate of interest equal to
          the then
          applicable Mortgage Rate for such Mortgage Loan minus the Servicing Fee
          Rate.

         

        “Net
          Prepayment Interest Shortfall”: With respect to any Distribution Date, the
          excess, if any, of any Prepayment Interest Shortfalls for such date over
          the
          related Compensating Interest.

         

        “Net
          Swap
          Payment”: In the case of payments made by the Trust, the excess, if any, of (x)
          the Fixed Swap Payment over (y) the Floating Swap Payment and in the case
          of
          payments made by the Swap Provider, the excess, if any, of (x) the Floating
          Swap
          Payment over (y) the Fixed Swap Payment. In each case, the Net Swap Payment
          shall not be less than zero. 

         

        “Net
          WAC
          Rate”: With respect to the Floating Rate Certificates, for the first
          Distribution Date, such rate shall be 7.562884%, and for any Distribution
          Date
          following the first Distribution Date, such rate shall be a per annum rate
          equal
          to the product of (x) the weighted average of the Adjusted Net Mortgage
          Rates of
          the Mortgage Loans as of the last day of the related Due Period (after
          taking
          into account any Principal Prepayments received during the related Prepayment
          Period) minus the Swap Expense Fee Rate and (y) a fraction, the numerator
          of which is 30 and the denominator of which is the actual number of days
          elapsed
          in the related Accrual Period. For federal income tax purposes, the equivalent
          of the foregoing shall be expressed as a per annum rate equal to the weighted
          average of the Uncertificated REMIC 2 Pass-Through Rates on each REMIC
          2 Regular
          Interest (other than REMIC 2 Regular Interests LTIO), weighted on the basis
          of
          the Uncertificated Principal Balance of each such REMIC 2 Regular
          Interest.

         

        “Net
          WAC
          Rate Carryover Amount”: With respect to any Class of Floating Rate Certificates
          and any Distribution Date, the sum of (A) the positive excess of (i) the
          amount
          of interest accrued on such Class of Certificates on such Distribution
          Date
          calculated at the related Pass-Through Rate (without regard to the related
          Net
          WAC Rate), over (ii) the amount of interest accrued on such Class of
          Certificates at the Net WAC Rate for such Distribution Date and (B) the
          Net WAC
          Rate Carryover Amount for the previous Distribution Date not previously
          paid,
          together with interest thereon at a rate equal to the related Pass-Through
          Rate
          (without regard to the Net WAC Rate) for the most recently ended Accrual
          Period.

         

        “Net
          WAC
          Rate Carryover Reserve Account”: The account established and maintained pursuant
          to Section 4.08.

         

        “New
          Lease”: Any lease of REO Property entered into on behalf of the Trust, including
          any lease renewed or extended on behalf of the Trust if the Trust has the
          right
          to renegotiate the terms of such lease.

         

        “NIMS
          Insurer”: Any insurer that is guaranteeing certain payments under notes secured
          by collateral which includes all or a portion of the Class C Certificates,
          the
          Class P Certificates and/or the Residual Certificates.

         

        “Nonrecoverable
          Advance”: Any Advance or Servicing Advance previously made or proposed to be
          made in respect of a Mortgage Loan or REO Property that, in the good faith
          business judgment of the Servicer, will not be ultimately recoverable from
          Late
          Collections, Insurance Proceeds, Liquidation Proceeds or condemnation proceeds
          on such Mortgage Loan or REO Property as provided herein.

         

        “Notional
          Amount”: Immediately prior to any Distribution Date with respect to the Class
          C
          Interest, the aggregate Uncertificated Principal Balance of the REMIC Regular
          1
          Interests (other than REMIC 2 Regular Interest LTP).

         

        “Offered
          Certificates”: The Floating Rate Certificates offered to the public pursuant to
          the Prospectus Supplement.

         

        “Officers’
          Certificate”: A certificate signed by the Chairman of the Board, the Vice
          Chairman of the Board, the President or a vice president (however denominated),
          or by the Treasurer, the Secretary, or one of the assistant treasurers
          or
          assistant secretaries of the Servicer, the Seller or the Depositor, as
          applicable.

         

        “Opinion
          of Counsel”: A written opinion of counsel, who may, without limitation, be a
          salaried counsel for the Depositor or the Servicer, acceptable to the Trustee,
          except that any opinion of counsel relating to (a) the qualification of
          any
          REMIC as a REMIC or (b) compliance with the REMIC Provisions must be an
          opinion
          of Independent counsel.

         

        “Optional
          Termination Date”: The first Distribution Date on which the Terminator may opt
          to terminate the Trust Fund pursuant to Section 10.01.

         

        “Original
          Class Certificate Principal Balance”: With respect to the Floating Rate
          Certificates, the Class C Certificates, the Class C Interest, the Class
          IO
          Interest, REMIC 6 Regular Interest SWAP IO, the Class P Certificates and
          the
          Class P Interest, the corresponding amounts set forth opposite such Class
          above
          in the Preliminary Statement.

         

        “Originator”:
          First Franklin, a division of National City Bank.

         

        “Overcollateralization
          Deficiency Amount”: With respect to any Distribution Date, the amount, if any,
          by which the Overcollateralization Target Amount exceeds the Overcollateralized
          Amount on such Distribution Date (assuming that 100% of the Principal Remittance
          Amount is applied as a principal distribution on such Distribution Date).
          

         

        “Overcollateralization
          Floor”: With respect to the Group I Certificates, $1,951,181. With respect to
          the Group II Certificates, $4,068,597. With respect to the Mezzanine
          Certificates, $6,019,778.

         

        “Overcollateralization
          Release Amount”: With respect to any Distribution Date, the lesser of (x) the
          Principal Remittance Amount for such Distribution Date and (y) the Excess
          Overcollateralized Amount.

         

        “Overcollateralization
          Target Amount”: With respect to any Distribution Date (x) prior to the Stepdown
          Date, an amount equal to 2.00% of the aggregate Cut-off Date Principal
          Balance
          of the Mortgage Loans and (y) on or after the Stepdown Date provided a
          Trigger
          Event is not in effect, the greater of (A) 4.00% of the aggregate Stated
          Principal Balance of the Mortgage Loans as of the last day of the related
          Due
          Period) after giving effect to scheduled payments of principal due during
          the
          related Due Period, to the extent received or advanced, and unscheduled
          collections of principal received during the related Prepayment Period)
          and (B)
          0.50% of the aggregate Principal Balance of the Mortgage Loans as of the
          Cut-off
          Date and (z) on
          or after the Stepdown Date if a Trigger Event is in effect, the
          Overcollateralization Target Amount for the immediately preceding Distribution
          Date.
          Notwithstanding the foregoing, on and after any Distribution Date following
          the
          reduction of the aggregate Certificate Principal Balance of the Floating
          Rate
          Certificates to zero, the Overcollateralization Target Amount shall be
          zero.

         

        “Overcollateralized
          Amount”: For any Distribution Date, the amount equal to (i) the aggregate Stated
          Principal Balance of the Mortgage Loans as of the last day of the related
          Due
          Period (after giving effect to scheduled payments of principal due during
          the
          related Due Period, to the extent received or advanced, and unscheduled
          collections of principal received during the related Prepayment Period)
          minus
          (ii) the aggregate Certificate Principal Balance of the Floating Rate
          Certificates and the Class P Certificates as of such Distribution Date
          after
          giving effect to distributions to be made on such Distribution
          Date.

         

        “Ownership
          Interest”: As to any Certificate, any ownership or security interest in such
          Certificate, including any interest in such Certificate as the Holder thereof
          and any other interest therein, whether direct or indirect, legal or beneficial,
          as owner or as pledgee.

         

        “Pass-Through
          Rate”: With respect to the Floating Rate Certificates and any Distribution Date,
          the lesser of (a) the related Formula Rate and (b) the Net WAC Rate for
          such
          Distribution Date. 

         

        With
          respect to the Class C Interest and any Distribution Date, a per annum
          rate
          equal to the percentage equivalent of a fraction, the numerator of which
          is (x)
          the sum of (i) 100% of the interest on REMIC 2 Regular Interest LTP and
          (ii)
          interest on the Uncertificated Balance of each REMIC 2 Regular Interest
          listed
          in clause (y) at a rate equal to the related Uncertificated REMIC 2 Pass-Through
          Rate minus the Marker Rate and the denominator of which is (y) the aggregate
          Uncertificated Principal Balance of REMIC 2 Regular Interests LTAA, LTIA1,
          LTIIA1, LTIIA2, LTIIA3, LTIIA4, LTM1, LTM2, LTM3, LTM4, LTM5, LTM6, LTM7,
          LTM8,
          LTM9 and LTZZ.

         

        With
          respect to the Class C Certificates, 100% of the interest distributable
          to the
          Class C Interest, expressed as a per annum rate.

         

        The
          Class
          IO Interest shall not have a Pass-Through Rate, but interest for such Regular
          Interest and each Distribution Date shall be an amount equal to 100% of
          the
          amounts distributable to REMIC 2 Regular Interest LTIO.

         

        The
          REMIC
          6 Regular Interest SWAP IO Interest shall not have a Pass-Through Rate,
          but
          interest for such Regular Interest and each Distribution Date shall be
          an amount
          equal to 100% of the amounts distributable to the Class IO Interest for
          such
          Distribution Date.

         

        The
          Class
          P Certificates, Class R Certificates and Class R-X Certificates will not
          accrue
          interest and therefore will not have a Pass-Through Rate.

         

        “Paying
          Agent”: Any paying agent appointed pursuant to Section 5.05.

         

        “Percentage
          Interest”: With respect to any Certificate (other than a Residual Certificate),
          a fraction, expressed as a percentage, the numerator of which is the Initial
          Certificate Principal Balance represented by such Certificate and the
          denominator of which is the Original Class Certificate Principal Balance
          of the
          related Class. With respect to a Residual Certificate, the portion of the
          Class
          evidenced thereby, expressed as a percentage, as stated on the face of
          such
          Certificate; provided, however, that the sum of all such percentages for
          each
          such Class totals 100%.

         

        “Periodic
          Rate Cap”: With respect to each Adjustable-Rate Mortgage Loan and any Adjustment
          Date therefor, the fixed percentage set forth in the related Mortgage Note,
          which is the maximum amount by which the Mortgage Rate for such Mortgage
          Loan
          may increase or decrease (without regard to the Maximum Mortgage Rate or
          the
          Minimum Mortgage Rate) on such Adjustment Date from the Mortgage Rate in
          effect
          immediately prior to such Adjustment Date.

         

        “Permitted
          Investments”: Any one or more of the following obligations or securities
          acquired at a purchase price of not greater than par, regardless of whether
          issued or managed by the Depositor, the Servicer, the NIMS Insurer, the
          Trustee
          or any of their respective Affiliates or for which an Affiliate of the
          NIMS
          Insurer or Trustee serves as an advisor:

         

        (i)  direct
          obligations of, or obligations fully guaranteed as to timely payment of
          principal and interest by, the United States or any agency or instrumentality
          thereof, provided such obligations are backed by the full faith and credit
          of
          the United States;

         

        (ii)  (A)
          demand and time deposits in, certificates of deposit of, bankers’ acceptances
          issued by or federal funds sold by any depository institution or trust
          company
          (including the Trustee or its agent acting in their respective commercial
          capacities) incorporated under the laws of the United States of America
          or any
          state thereof and subject to supervision and examination by federal and/or
          state
          authorities, so long as, at the time of such investment or contractual
          commitment providing for such investment, such depository institution or
          trust
          company (or, if the only Rating Agency is S&P, in the case of the principal
          depository institution in a depository institution holding company, debt
          obligations of the depository institution holding company) or its ultimate
          parent has a short-term uninsured debt rating in one of the two highest
          available ratings of Moody’s and the highest available rating category of Fitch
          and S&P and provided that each such investment has an original maturity of
          no more than 365 days; and provided further that, if the only Rating Agency
          is
          S&P and if the depository or trust company is a principal subsidiary of a
          bank holding company and the debt obligations of such subsidiary are not
          separately rated, the applicable rating shall be that of the bank holding
          company; and, provided further that, if the original maturity of such short-
          term obligations of a domestic branch of a foreign depository institution
          or
          trust company shall exceed 30 days, the short-term rating of such institution
          shall be A-1+ in the case of S&P if S&P is the Rating Agency; and (B)
          any other demand or time deposit or deposit which is fully insured by the
          FDIC;

         

        (iii)  repurchase
          obligations with a term not to exceed 30 days with respect to any security
          described in clause (i) above and entered into with a depository institution
          or
          trust company (acting as principal) rated F-1+ or higher by Fitch, P-1
          by
          Moody’s and rated A-1+ or higher by S&P, provided, however, that collateral
          transferred pursuant to such repurchase obligation must be of the type
          described
          in clause (i) above and must (A) be valued daily at current market prices
          plus
          accrued interest, (B) pursuant to such valuation, be equal, at all times,
          to
          105% of the cash transferred by the Trustee in exchange for such collateral
          and
          (C) be delivered to the Trustee or, if the Trustee is supplying the collateral,
          an agent for the Trustee, in such a manner as to accomplish perfection
          of a
          security interest in the collateral by possession of certificated
          securities;

         

        (iv)  securities
          bearing interest or sold at a discount that are issued by any corporation
          incorporated under the laws of the United States of America or any State
          thereof
          and that are rated by S&P (and if rated by any other Rating Agency, also by
          such other Rating Agency) in its highest long-term unsecured rating category
          at
          the time of such investment or contractual commitment providing for such
          investment;

         

        (v)  commercial
          paper (including both non-interest-bearing discount obligations and
          interest-bearing obligations payable on demand or on a specified date not
          more
          than 30 days after the date of acquisition thereof) that is rated by S&P
          (and if rated by any other Rating Agency, also by such other Rating Agency)
          in
          its highest short-term unsecured debt rating available at the time of such
          investment;

         

        (vi)  units
          of
          money market funds, including those money market funds managed or advised
          by the
          Trustee or its Affiliates, that have been rated “AAA” by Fitch (if rated by
          Fitch), “Aaa” by Moody’s and “AAAm” or “AAAm-G” by S&P; and

         

        (vii)  if
          previously confirmed in writing to the Trustee, any other demand, money
          market
          or time deposit, or any other obligation, security or investment, as may
          be
          acceptable to the Rating Agencies in writing as a permitted investment
          of funds
          backing securities having ratings equivalent to its highest initial rating
          of
          the Class A Certificates;

         

        provided,
          that no instrument described hereunder shall evidence either the right
          to
          receive (a) only interest with respect to the obligations underlying such
          instrument or (b) both principal and interest payments derived from obligations
          underlying such instrument and the interest and principal payments with
          respect
          to such instrument provide a yield to maturity at par greater than 120%
          of the
          yield to maturity at par of the underlying obligations.

         

        “Permitted
          Transferee”: Any transferee of a Residual Certificate other than a Disqualified
          Organization or a non-U.S. Person.

         

        “Person”:
          Any individual, corporation, limited liability company, partnership, joint
          venture, association, joint stock company, trust, unincorporated organization
          or
          government or any agency or political subdivision thereof.

         

        “Plan”:
          Any employee benefit plan or certain other retirement plans and arrangements,
          including individual retirement accounts and annuities, Keogh plans and
          bank
          collective investment funds and insurance company general or separate accounts
          in which such plans, accounts or arrangements are invested, that are subject
          to
          ERISA or Section 4975 of the Code. 

         

        “Pool
          Balance”: As of any date of determination, the aggregate Stated Principal
          Balance of the Mortgage Loans in both Loan Groups as of such date.

         

        “Prepayment
          Assumption”: As defined in the Prospectus Supplement.

         

        “Prepayment
          Charge”: With respect to any Mortgage Loan, the charges or premiums, if any, due
          in connection with a full or partial Principal Prepayment of such Mortgage
          Loan
          in accordance with the terms thereof (other than any Servicer Prepayment
          Charge
          Payment Amount).

         

        “Prepayment
          Charge Schedule”: As of any date, the list of Prepayment Charges on the Mortgage
          Loans included in the Trust Fund on such date, attached hereto as Schedule
          I
          (including the prepayment charge summary attached thereto). The Prepayment
          Charge Schedule shall set forth the following information with respect
          to each
          Prepayment Charge:

         

        (i)  the
          Mortgage Loan identifying number;

         

        (ii)  a
          code
          indicating the type of Prepayment Charge;

         

        (iii)  the
          state
          of origination of the related Mortgage Loan;

         

        (iv)  the
          date
          on which the first monthly payment was due on the related Mortgage
          Loan;

         

        (v)  the
          term
          of the related Prepayment Charge; and

         

        (vi)  the
          Stated Principal Balance of the related Mortgage Loan as of the Cut-off
          Date.

         

        The
          Prepayment Charge Schedule shall be amended from time to time by the Depositor
          in accordance with the provisions of this Agreement and a copy of such
          amended
          Prepayment Charge Schedule shall be furnished by the Depositor to the NIMS
          Insurer.

         

        “Prepayment
          Interest Excess”: With respect to any Distribution Date, for each Mortgage Loan
          that was the subject of a Principal Prepayment in full during the portion
          of the
          related Prepayment Period occurring between the first day and the 15th
          day of
          the calendar month in which such Distribution Date occurs, an amount equal
          to
          interest (to the extent received) at the applicable Net Mortgage Rate on
          the
          amount of such Principal Prepayment for the number of days commencing on
          the
          first day of the calendar month in which such Distribution Date occurs
          and
          ending on the date on which such prepayment is so applied.

         

        “Prepayment
          Interest Shortfall”: With respect to any Distribution Date, for each Mortgage
          Loan that was the subject of a Principal Prepayment in full during the
          portion
          of the related Prepayment Period occurring from the first day of the related
          Prepayment Period through the last day of the calendar month preceding
          the month
          in which such Distribution Date occurs, an amount equal to one-month’s interest
          at the applicable Net Mortgage Rate less any payments made by the
          Mortgagor.

         

        “Prepayment
          Period”: With respect to any Distribution Date and any Principal Prepayment in
          full, the period commencing on the 16th
          day of
          the calendar month preceding the month in which the related Distribution
          Date
          occurs (or, in the case of the first Distribution Date, from November 1,
          2006)
          and ending on the 15th
          day of
          the calendar month in which such Distribution Date occurs. With respect
          to any
          Principal Prepayment in part, the calendar month preceding the month in
          which
          the Distribution Date occurs.

         

        “Principal
          Balance”: As to any Mortgage Loan other than a Liquidated Mortgage Loan, and any
          day, the related Cut-off Date Principal Balance, minus all collections
          credited
          against the Cut-off Date Principal Balance of any such Mortgage Loan. For
          purposes of this definition, a Liquidated Mortgage Loan shall be deemed
          to have
          a Principal Balance equal to the Principal Balance of the related Mortgage
          Loan
          as of the final recovery of related Liquidation Proceeds and a Principal
          Balance
          of zero thereafter. As to any REO Property and any day, the Principal Balance
          of
          the related Mortgage Loan immediately prior to such Mortgage Loan becoming
          REO
          Property minus any REO Principal Amortization received with respect thereto
          on
          or prior to such day.

         

        “Principal
          Prepayment”: Any payment of principal made by the Mortgagor on a Mortgage Loan
          which is received in advance of its scheduled Due Date and which is not
          accompanied by an amount of interest representing the full amount of scheduled
          interest due on any Due Date in any month or months subsequent to the month
          of
          prepayment.

         

        “Principal
          Remittance Amount”: With respect to any Distribution Date, the sum of the Group
          I Principal Remittance Amount and the Group II Principal Remittance
          Amount.

         

        “Prospectus
          Supplement”: That certain Prospectus Supplement dated November 16, 2006 relating
          to the public offering of the Floating Rate Certificates.

         

        “Purchase
          Price”: With respect to any Mortgage Loan or REO Property to be purchased by
          the
          Seller or the Servicer pursuant to or as contemplated by Section 2.03,
          Section
          3.16(c) or Section 10.01, and as confirmed by an Officers’ Certificate from the
          Seller or the Servicer to the Trustee, an amount equal to the sum of (i)
          100% of
          the Stated Principal Balance thereof as of the date of purchase (or such
          other
          price as provided in Section 10.01), (ii) in the case of (x) a Mortgage
          Loan,
          accrued interest on such Stated Principal Balance at the applicable Mortgage
          Rate in effect from time to time from the Due Date as to which interest
          was last
          covered by a payment by the Mortgagor or an Advance by the Servicer, which
          payment or Advance had as of the date of purchase been distributed pursuant
          to
          Section 4.01, through the end of the calendar month in which the purchase
          is to
          be effected, and (y) an REO Property, the sum of (1) accrued interest on
          such
          Stated Principal Balance at the applicable Mortgage Rate in effect from
          time to
          time from the Due Date as to which interest was last covered by a payment
          by the
          Mortgagor or an advance by the Servicer through the end of the calendar
          month
          immediately preceding the calendar month in which such REO Property was
          acquired, plus (2) REO Imputed Interest for such REO Property for each
          calendar
          month commencing with the calendar month in which such REO Property was
          acquired
          and ending with the calendar month in which such purchase is to be effected,
          net
          of the total of all net rental income, Insurance Proceeds, Liquidation
          Proceeds
          and Advances that as of the date of purchase had been distributed as or
          to cover
          REO Imputed Interest pursuant to Section 4.04, (iii) any unreimbursed Servicing
          Advances and Advances and any unpaid Servicing Fees allocable to such Mortgage
          Loan or REO Property, (iv) any amounts previously withdrawn from the Collection
          Account in respect of such Mortgage Loan or REO Property pursuant to Section
          3.23 and (v) in the case of a Mortgage Loan required to be purchased pursuant
          to
          Section 2.03, expenses reasonably incurred or to be incurred by the Servicer,
          the NIMS Insurer or the Trustee in respect of the breach or defect giving
          rise
          to the purchase obligation including any costs and damages incurred by
          the Trust
          Fund in connection with any violation by such loan of any predatory or
          abusive
          lending law.

         

        “Qualified
          Insurer”: Any insurance company acceptable to Fannie Mae.

         

        “Qualified
          Substitute Mortgage Loan”: A mortgage loan substituted for a Deleted Mortgage
          Loan by the Seller pursuant to the terms of this Agreement and the Mortgage
          Loan
          Purchase Agreement which must, on the date of such substitution, (i) have
          an
          outstanding Stated Principal Balance (or in the case of a substitution
          of more
          than one mortgage loan for a Deleted Mortgage Loan, an aggregate Stated
          Principal Balance), after application of all scheduled payments of principal
          and
          interest due during or prior to the month of substitution, not in excess
          of, and
          not more than 5% less than, the outstanding Stated Principal Balance of
          the
          Deleted Mortgage Loan as of the Due Date in the calendar month during which
          the
          substitution occurs, (ii) have a Mortgage Rate not less than (and not more
          than
          one percentage point in excess of) the Mortgage Rate of the Deleted Mortgage
          Loan, (iii) if the Qualified Substitute Mortgage Loan is an Adjustable-Rate
          Mortgage Loan, have a Maximum Mortgage Rate not less than the Maximum Mortgage
          Rate on the Deleted Mortgage Loan, (iv) if the Qualified Substitute Mortgage
          Loan is an Adjustable-Rate Mortgage Loan, have a Minimum Mortgage Rate
          not less
          than the Minimum Mortgage Rate of the Deleted Mortgage Loan, (v) if the
          Qualified Substitute Mortgage Loan is an Adjustable-Rate Mortgage Loan,
          have a
          Gross Margin equal to or greater than the Gross Margin of the Deleted Mortgage
          Loan, (vi) if the Qualified Substitute Mortgage Loan is an Adjustable-Rate
          Mortgage Loan, have a next Adjustment Date not more than two months later
          than
          the next Adjustment Date on the Deleted Mortgage Loan, (vii) [reserved],
          (viii)
          have a remaining term to maturity not greater than (and not more than one
          year
          less than) that of the Deleted Mortgage Loan, (ix) be current as of the
          date of
          substitution, (x) have a Loan-to-Value Ratio as of the date of substitution
          equal to or lower than the Loan-to-Value Ratio of the Deleted Mortgage
          Loan as
          of such date, (xi) have a risk grading determined by the Originator or
          the
          Seller at least equal to the risk grading assigned on the Deleted Mortgage
          Loan,
          (xii) have been underwritten or reunderwritten by the Originator in accordance
          with the same underwriting criteria and guidelines as the Deleted Mortgage
          Loan,
          (xiii) be a first lien mortgage loan if the Deleted Mortgage Loan is a
          first
          lien mortgage loan and (xiv) conform
          to each representation and warranty set forth in Section 3.01 of the Mortgage
          Loan Purchase Agreement applicable to the Deleted Mortgage Loan. In the
          event
          that one or more mortgage loans are substituted for one or more Deleted
          Mortgage
          Loans, the amounts described in clause (i) hereof shall be determined on
          the
          basis of aggregate Stated Principal Balance, the Mortgage Rates described
          in
          clauses (ii) through (vi) hereof shall be satisfied for each such mortgage
          loan,
          the risk gradings described in clause (x) hereof shall be satisfied as
          to each
          such mortgage loan, the terms described in clause (viii) hereof shall be
          determined on the basis of weighted average remaining term to maturity
          (provided
          that no such mortgage loan may have a remaining term to maturity longer
          than the
          Deleted Mortgage Loan), the Loan-to-Value Ratios described in clause (x)
          hereof
          shall be satisfied as to each such mortgage loan and, except to the extent
          otherwise provided in this sentence, the representations and warranties
          described in clause (xiv) hereof must be satisfied as to each Qualified
          Substitute Mortgage Loan or in the aggregate, as the case may be.

         

        “Rating
          Agency or Rating Agencies”: DBRS, Moody’s and S&P or their successors. If
          such agencies or their successors are no longer in existence, “Rating Agencies”
shall be such nationally recognized statistical rating agencies, or other
          comparable Persons, designated by the Depositor, notice of which designation
          shall be given to the Trustee and Servicer.

         

        “Realized
          Loss”: With respect to any Liquidated Mortgage Loan, the amount of loss realized
          equal to the portion of the Stated Principal Balance remaining unpaid after
          application of all Net Liquidation Proceeds in respect of such Mortgage
          Loan. If
          the Servicer receives Subsequent Recoveries with respect to any Mortgage
          Loan,
          the amount of the Realized Loss with respect to that Mortgage Loan will
          be
          reduced to the extent such recoveries are applied to principal distributions
          on
          any Distribution Date.

         

        “Record
          Date”: With respect to the Floating Rate Certificates, the Close of Business
          on
          the Business Day immediately preceding the related Distribution Date; provided,
          however, that following the date on which Definitive Certificates for any
          of the
          Floating Rate Certificates are available pursuant to Section 5.02, the
          Record
          Date for such Certificates that are Definitive Certificates shall be the
          last
          Business Day of the calendar month preceding the month in which the related
          Distribution Date occurs.

         

        “Reference
          Banks”: Those banks (i) with an established place of business in London,
          England, (ii) not controlling, under the control of or under common control
          with
          the Originator, the Seller or the Servicer or any Affiliate thereof and
          (iii)
          which have been designated as such by the Trustee after consultation with
          the
          Depositor; provided, however, that if fewer than two of such banks provide
          a
          LIBOR rate, then any leading banks selected by the Trustee after consultation
          with the Depositor which are engaged in transactions in United States dollar
          deposits in the international Eurocurrency market.

         

        “Refinanced
          Mortgage Loan”: A Mortgage Loan the proceeds of which were not used to purchase
          the related Mortgaged Property.

         

        “Regular
          Certificate”: Any of the Floating Rate Certificates, Class C Certificates or
          Class P Certificates.

         

        “Reimbursement
          Amount”: As defined in Section 3.29.

         

        “Relief
          Act”: The Servicemembers Civil Relief Act, as amended, or any state law
          providing for similar relief.

         

        “Relief
          Act Interest Shortfall”: With respect to any Distribution Date, for any Mortgage
          Loan with respect to which there has been a reduction in the amount of
          interest
          collectible thereon for the most recently ended Due Period as a result
          of the
          application of the Relief Act, the amount by which (i) interest collectible
          on
          such Mortgage Loan during such Due Period is less than (ii) one month’s interest
          on the Stated Principal Balance of such Mortgage Loan at the Mortgage Rate
          for
          such Mortgage Loan before giving effect to the application of the Relief
          Act.

         

        “REMIC”:
          A “real estate mortgage investment conduit” within the meaning of Section 860D
          of the Code.

         

        “REMIC
          1”: The segregated pool of assets subject hereto, constituting the primary
          trust
          created hereby and to be administered hereunder, with respect to which
          a REMIC
          election is to be made consisting of: (i) such Mortgage Loans as from time
          to
          time are subject to this Agreement, together with the Mortgage Files relating
          thereto, and together with all collections thereon and proceeds thereof,
          (ii)
          any REO Property, together with all collections thereon and proceeds thereof,
          (iii) the Trustee’s rights with respect to the Mortgage Loans under all
          insurance policies required to be maintained pursuant to this Agreement
          and any
          proceeds thereof, (iv) the Depositor’s rights under the Mortgage Loan Purchase
          Agreement (including any security interest created thereby) and (v) the
          Collection Account, the Distribution Account (subject to the last sentence
          of
          this definition) and any REO Account and such assets that are deposited
          therein
          from time to time and any investments thereof, together with any and all
          income,
          proceeds and payments with respect thereto. Notwithstanding the foregoing,
          however, a REMIC election will not be made with respect to the Net WAC
          Rate
          Carryover Reserve Account, the Interest Rate Swap Agreement, the Swap Account,
          the Supplemental Interest Trust, the Servicer Prepayment Charge Payment
          Amounts,
          the Interest Rate Cap Agreement, the Cap Account, the Cap Allocation Agreement,
          the Basis Risk Cap Agreement and all payments and other collections of
          principal
          and interest due on the Mortgage Loans on or before the Cut-off Date and
          all
          Prepayment Charges payable in connection with Principal Prepayments made
          before
          the Cut-off Date.

         

        “REMIC
          1
          Regular Interests”: Any of the separate non-certificated beneficial ownership
          interests in REMIC 1 issued hereunder and designated as a “regular interest” in
          REMIC 1. Each REMIC 1 Regular Interest shall accrue interest at the related
          Uncertificated REMIC 1 Pass-Through Rate in effect from time to time, and
          shall
          be entitled to distributions of principal, subject to the terms and conditions
          hereof, in an aggregate amount equal to its initial Uncertificated Principal
          Balance as set forth in the Preliminary Statement hereto.

         

        “REMIC
          2”: The segregated pool of assets consisting of all of the REMIC 1 Regular
          Interests and conveyed in trust to the Trustee, for the benefit of REMIC
          3, as
          holder of the REMIC 2 Regular Interests, and the Class R Certificateholders,
          as
          Holders of the Class R-2 Interest, pursuant to Article II hereunder, and
          all
          amounts deposited therein, with respect to which a separate REMIC election
          is to
          be made.

         

        “REMIC
          2
          Interest Loss Allocation Amount”: With respect to any Distribution Date, an
          amount equal to (a) the product of (i) the aggregate Stated Principal Balance
          of
          the Mortgage Loans and related REO Properties then outstanding and (ii)
          the
          Uncertificated REMIC 2 Pass-Through Rate for REMIC 2 Regular Interest LTAA
          minus
          the Marker Rate, divided by (b) 12.

         

        “REMIC
          2
          Overcollateralization Amount”: With respect to any date of determination, (i)
          1.00% of the aggregate Uncertificated Principal Balance of the REMIC 2
          Regular
          Interests (other than REMIC 2 Regular Interest LTP) minus (ii) the aggregate
          Uncertificated Principal Balance of REMIC 2 Regular Interest LTIA1, REMIC
          2
          Regular Interest LTIIA1, REMIC 2 Regular Interest LTIIA2, REMIC 2 Regular
          Interest LTIIA3, REMIC 2 Regular Interest LTIIA4, REMIC 2 Regular Interest
          LTM1,
          REMIC 2 Regular Interest LTM2, REMIC 2 Regular Interest LTM3, REMIC 2 Regular
          Interest LTM4, REMIC 2 Regular Interest LTM5, REMIC 2 Regular Interest
          LTM6,
          REMIC 2 Regular Interest LTM7, REMIC 2 Regular Interest LTM8 and REMIC
          2 Regular
          Interest LTM9 in each case as of such date of determination.

        

        “REMIC
          2
          Overcollateralization Target Amount”: 1.00% of the Overcollateralization Target
          Amount.

         

        “REMIC
          2
          Principal Loss Allocation Amount”: With respect to any Distribution Date, an
          amount equal to the product of (i) the aggregate Stated Principal Balance
          of the
          Mortgage Loans and related REO Properties then outstanding and (ii) 1 minus
          a
          fraction, the numerator of which is two times the aggregate Uncertificated
          Principal Balance of REMIC 2 Regular Interest LTIA1, REMIC 2 Regular Interest
          LTIIA1, REMIC 2 Regular Interest LTIIA2, REMIC 2 Regular Interest LTIIA3,
          REMIC
          2 Regular Interest LTIIA4, REMIC 2 Regular Interest LTM1, REMIC 2 Regular
          Interest LTM2, REMIC 2 Regular Interest LTM3, REMIC 2 Regular Interest
          LTM4,
          REMIC 2 Regular Interest LTM5, REMIC 2 Regular Interest LTM6, REMIC 2 Regular
          Interest LTM7, REMIC 2 Regular Interest LTM8 and REMIC 2 Regular Interest
          LTM9
          and the denominator of which is the aggregate Uncertificated Principal
          Balance
          of REMIC 2 Regular Interest LTIA1, REMIC 2 Regular Interest LTIIA1, REMIC
          2
          Regular Interest LTIIA2, REMIC 2 Regular Interest LTIIA3, REMIC 2 Regular
          Interest LTIIA4, REMIC 2 Regular Interest LTM1, REMIC 2 Regular Interest
          LTM2,
          REMIC 2 Regular Interest LTM3, REMIC 2 Regular Interest LTM4, REMIC 2 Regular
          Interest LTM5, REMIC 2 Regular Interest LTM6, REMIC 2 Regular Interest
          LTM7,
          REMIC 2 Regular Interest LTM8, REMIC 2 Regular Interest LTM9 and REMIC
          2 Regular
          Interest LTZZ.

         

        “REMIC
          2
          Regular Interests”: One of the separate non-certificated beneficial ownership
          interests in REMIC 2 issued hereunder and designated as a Regular Interest
          in
          REMIC 2. Each REMIC 2 Regular Interest shall accrue interest at the related
          Uncertificated REMIC 2 Pass-Through Rate in effect from time to time, and
          shall
          be entitled to distributions of principal (other than REMIC 2 Regular Interest
          LTIO), subject to the terms and conditions hereof, in an aggregate amount
          equal
          to its initial Uncertificated Principal Balance as set forth in the Preliminary
          Statement hereto. The following is a list of each of the REMIC 2 Regular
          Interests: REMIC 2 Regular Interest LTAA, REMIC 2 Regular Interest LTIA1,
          REMIC
          2 Regular Interest LTIIA1, REMIC 2 Regular Interest LTIIA2, REMIC 2 Regular
          Interest LTIIA3, REMIC 2 Regular Interest LTIIA4, REMIC 2 Regular Interest
          LTM1,
          REMIC 2 Regular Interest LTM2, REMIC 2 Regular Interest LTM3, REMIC 2 Regular
          Interest LTM4, REMIC 2 Regular Interest LTM5, REMIC 2 Regular Interest
          LTM6,
          REMIC 2 Regular Interest LTM7, REMIC 2 Regular Interest LTM8, REMIC 2 Regular
          Interest LTM9, REMIC 2 Regular Interest LTZZ and REMIC 2 Regular Interest
          LTP.

         

        “REMIC
          3”: The segregated pool of assets consisting of all of the REMIC 2 Regular
          Interests conveyed in trust to the Trustee, for the benefit of the Holders
          of
          the Regular Certificates (other than the Class C Certificates and Class
          P
          Certificates), the Class C Interest, the Class P Interest, the Class IO
          Interest
          and the Class R Certificates (in respect of the Class R-3 Interest), pursuant
          to
          Article II hereunder, and all amounts deposited therein, with respect to
          which a
          separate REMIC election is to be made.

         

        “REMIC
          3
          Regular Interest”: The Class C Interest, Class P Interest, Class IO Interest and
          any “regular interest” in REMIC 3 the ownership of which is represented by a
          Class A Certificate or Class M Certificate.

         

        “REMIC
          4”: The segregated pool of assets consisting of the Class C Interest conveyed
          in
          trust to the Trustee, for the benefit of the Holders of the Class C Certificates
          and the Class R-X Certificates (in respect of the Class R-4 Interest),
          pursuant
          to Article II hereunder, and all amounts deposited therein, with respect
          to
          which a separate REMIC election is to be made.

         

        “REMIC
          4
          Regular Interest”: Any “regular interest” in REMIC 4 the ownership of which is
          represented by a Class C Certificate.

         

        “REMIC
          5”: The segregated pool of assets consisting of the Class P Interest conveyed
          in
          trust to the Trustee, for the benefit of the Holders of the Class P Certificates
          and the Class R-X Certificates (in respect of the Class R-5 Interest),
          pursuant
          to Article II hereunder, and all amounts deposited therein, with respect
          to
          which a separate REMIC election is to be made.

         

        “REMIC
          5
          Regular Interest”: Any “regular interest” in REMIC 5 the ownership of which is
          represented by a Class P Certificate.

         

        “REMIC
          6”: The segregated pool of assets consisting of the SWAP IO Interest conveyed
          in
          trust to the Trustee, for the benefit of the Holders of the REMIC 6 Regular
          Interest Class IO and the Class R-X Certificates (in respect of the Class
          R-6
          Interest), pursuant to Article II hereunder, and all amounts deposited
          therein,
          with respect to which a separate REMIC election is to be made.

         

        “REMIC
          Provisions”: Provisions of the federal income tax law relating to real estate
          mortgage investment conduits which appear at Section 860A through 860G
          of
          Subchapter M of Chapter 1 of the Code, and related provisions, and regulations
          and rulings promulgated thereunder, as the foregoing may be in effect from
          time
          to time.

         

        “REMIC
          Regular Interest”: A REMIC 1 Regular Interest, REMIC 2 Regular Interest, REMIC 3
          Regular Interest, REMIC 4 Regular Interest , REMIC 5 Regular Interest or
          REMIC 6
          Regular Interest.

         

        “Remittance
          Report”: A report prepared by the Servicer and delivered to the Trustee and the
          NIMS Insurer pursuant to Section 4.04.

         

        “Rents
          from Real Property”: With respect to any REO Property, gross income of the
          character described in Section 856(d) of the Code.

         

        “REO
          Account”: The account or accounts maintained by the Servicer in respect of an
          REO Property pursuant to Section 3.23.

         

        “REO
          Disposition”: The sale or other disposition of an REO Property on behalf of the
          Trust Fund.

         

        “REO
          Imputed Interest”: As to any REO Property, for any calendar month during which
          such REO Property was at any time part of the Trust Fund, one month’s interest
          at the applicable Net Mortgage Rate on the Stated Principal Balance of
          such REO
          Property (or, in the case of the first such calendar month, of the related
          Mortgage Loan if appropriate) as of the Close of Business on the Distribution
          Date in such calendar month.

         

        “REO
          Principal Amortization”: With respect to any REO Property, for any calendar
          month, the excess, if any, of (a) the aggregate of all amounts received
          in
          respect of such REO Property during such calendar month, whether in the
          form of
          rental income, sale proceeds (including, without limitation, that portion
          of the
          Termination Price paid in connection with a purchase of all of the Mortgage
          Loans and REO Properties pursuant to Section 10.01 that is allocable to
          such REO
          Property) or otherwise, net of any portion of such amounts (i) payable
          pursuant
          to Section 3.23 in respect of the proper operation, management and maintenance
          of such REO Property or (ii) payable or reimbursable to the Servicer pursuant
          to
          Section 3.23 for unpaid Servicing Fees in respect of the related Mortgage
          Loan
          and unreimbursed Servicing Advances and Advances in respect of such REO
          Property
          or the related Mortgage Loan, over (b) the REO Imputed Interest in respect
          of
          such REO Property for such calendar month.

         

        “REO
          Property”: A Mortgaged Property acquired by the Servicer on behalf of the Trust
          Fund through foreclosure or deed-in-lieu of foreclosure, as described in
          Section
          3.23.

         

        “Request
          for Release”: A release signed by a Servicing Officer, in the form of Exhibit E
          attached hereto.

         

        “Reserve
          Interest Rate”: With respect to any Interest Determination Date, the rate per
          annum that the Trustee determines to be either (i) the arithmetic mean
          (rounded
          upwards if necessary to the nearest whole multiple of 1/16 of 1%) of the
          one-month United States dollar lending rates which banks in The City of
          New York
          selected by the Depositor are quoting on the relevant Interest Determination
          Date to the principal London offices of leading banks in the London interbank
          market or (ii) in the event that the Trustee can determine no such arithmetic
          mean, in the case of any Interest Determination Date after the initial
          Interest
          Determination Date, the lowest one-month United States dollar lending rate
          which
          such New York banks selected by the Depositor are quoting on such Interest
          Determination Date to leading European banks.

         

        “Residential
          Dwelling”: Any one of the following: (i) a detached one-family dwelling, (ii) a
          detached two- to four-family dwelling, (iii) a one-family dwelling unit
          in a
          Fannie Mae eligible condominium project, (iv) a manufactured home, or (v)
          a
          detached one-family dwelling in a planned unit development, none of which
          is a
          co-operative or mobile home.

         

        “Residual
          Certificate”: The Class R Certificates and the Class R-X
          Certificates.

         

        “Residual
          Interest”: The sole class of “residual interests” in a REMIC within the meaning
          of Section 860G(a)(2) of the Code.

         

        “Responsible
          Officer”: When used with respect to the Trustee, any director, any vice
          president, any assistant vice president, the Secretary, any assistant secretary,
          the Treasurer, any assistant treasurer or any other officer of the Trustee
          customarily performing functions similar to those performed by any of the
          above
          designated officers and, with respect to a particular matter, to whom such
          matter is referred because of such officer’s knowledge of and familiarity with
          the particular subject.

         

        “S&P”:
          Standard & Poor’s Ratings Services, a division of The McGraw-Hill Companies,
          Inc., or its successor in interest.

         

        “SEC”:
          Securities and Exchange Commission. 

         

        “Seller”:
          Greenwich Capital Financial Products, Inc., a Delaware corporation, in
          its
          capacity as Seller under the Mortgage Loan Purchase Agreement.

         

        “Senior
          Credit Enhancement Percentage”: For any Distribution Date, the percentage
          equivalent of a fraction, the numerator of which is the sum of the aggregate
          Certificate Principal Balance of the Mezzanine Certificates and the Class
          C
          Certificates, and the denominator of which is the aggregate Stated Principal
          Balance of the Mortgage Loans calculated prior to taking into account payments
          of principal on the Mortgage Loans and distribution of the Group I Principal
          Distribution Amount and the Group II Principal Distribution Amount to the
          Holders of the Certificates then entitled to distributions of principal
          on such
          Distribution Date.

         

        “Senior
          Principal Distribution Amount”: With respect to any Distribution Date, the sum
          of (i) the Group I Senior Principal Distribution Amount and (ii) the Group
          II
          Senior Principal Distribution Amount.

         

        “Sequential
          Class M Principal Distribution Amount”: The excess of (x) the sum of (i) the
          aggregate Certificate Principal Balance of the Class A Certificates (after
          taking into account the distribution of the Senior Principal Distribution
          Amount
          on such Distribution Date) and (ii) the aggregate Certificate Principal
          Balance
          of the Class M-1 Certificates, the Class M-2 Certificates and the Class
          M-3
          Certificates immediately prior to such Distribution Date over (y) the lesser
          of
          (A) the product of (i) 81.80% and (ii) the Stated Principal Balance of
          the
          Mortgage Loans as of the last day of the related Due Period (after giving
          effect
          to scheduled payments of principal due during the related Due Period, to
          the
          extent received or advanced, and unscheduled collections of principal received
          during the related Prepayment Period) and (B) the aggregate Stated Principal
          Balance of the Mortgage Loans as of the last day of the related Due Period
          (after giving effect to scheduled payments of principal due during the
          related
          Due Period, to the extent received or advanced, and unscheduled collections
          of
          principal received during the related Prepayment Period) minus the related
          Overcollateralization Floor.

         

        “Servicer”:
          National City Home Loan Services, Inc., a Delaware corporation, or any
          successor
          servicer appointed as herein provided, in its capacity as Servicer
          hereunder.

         

        “Servicer
          Certification”: As defined in Section 4.07(b)(iii) hereof.

         

        “Servicer
          Event of Termination”: One or more of the events described in
          Section 7.01.

         

        “Servicer
          Prepayment Charge Payment Amount”: The amounts payable by the Servicer in
          respect of any waived Prepayment Charges pursuant to Section 2.05 or Section
          3.01.

         

        “Servicer
          Remittance Date”: With respect to any Distribution Date, three (3) Business Days
          prior to such Distribution Date.

         

        “Servicing
          Account”: The account or accounts created and maintained pursuant to Section
          3.09. 

         

        “Servicing
          Advance Reimbursement Amount”: As defined in Section 3.29.

         

        “Servicing
          Advances”: All customary, reasonable and necessary “out of pocket” costs and
          expenses (including reasonable attorneys’ fees and expenses) incurred by the
          Servicer in the performance of its servicing obligations, including, but
          not
          limited to, the cost of (i) the preservation, restoration, inspection and
          protection of the Mortgaged Property, (ii) any enforcement, administrative
          or
          judicial proceedings, including foreclosures, (iii) the management and
          liquidation of the REO Property, (iv) taxes, assessments, water rates,
          sewer
          rates and other charges which are or may become a lien on the Mortgaged
          Property
          and insurance premiums (v) obtaining broker price opinions, (vi) locating
          missing Mortgage Loan documents and (vii) compliance with the obligations
          under
          Sections 3.01, 3.09, 3.14, 3.16, and 3.23. Servicing Advances also include
          any
          reasonable “out-of-pocket” costs and expenses (including legal fees) incurred by
          the Servicer in connection with executing and recording instruments of
          satisfaction, deeds of reconveyance or Assignments of Mortgage in connection
          with any foreclosure in respect of any Mortgage Loan to the extent not
          recovered
          from the related Mortgagor or otherwise payable under this Agreement. The
          Servicer shall not be required to make any Servicing Advance that would
          be a
          Nonrecoverable Advance.

         

        “Servicing
          Fee”: With respect to each Mortgage Loan and for any Due Period, an amount
          equal
          to one month’s interest (or in the event of any payment of interest which
          accompanies a Principal Prepayment in full made by the Mortgagor during
          such
          calendar month, interest for the number of days covered by such payment
          of
          interest) at the related Servicing Fee Rate on the same principal amount
          on
          which interest on such Mortgage Loan accrues for such calendar month. A
          portion
          of such Servicing Fee may be retained by any Sub-Servicer as its servicing
          compensation.

         

        “Servicing
          Fee Rate”: 0.50%
          per annum.

         

        “Servicing
          Officer”: Any officer of the Servicer involved in, or responsible for, the
          administration and servicing of Mortgage Loans, whose name and specimen
          signature appear on a list of servicing officers furnished by the Servicer
          to
          the Trustee and the Depositor on the Closing Date, as such list may from
          time to
          time be amended.

         

        “Servicing
          Standard”: As defined in Section 3.01.

         

        “Servicing
          Transfer Costs”: Shall mean all reasonable costs and expenses incurred by the
          Trustee in connection with the transfer of servicing from a predecessor
          servicer, including, without limitation, any reasonable costs or expenses
          associated with the complete transfer of all servicing data and the completion,
          correction or manipulation of such servicing data as may be required by
          the
          Trustee to correct any errors or insufficiencies in the servicing data
          or
          otherwise to enable the Trustee (or any successor servicer appointed pursuant
          to
          Section 7.02) to service the Mortgage Loans properly and effectively and
          any
          fees associated with MERS.

         

        “Startup
          Day”: As defined in Section 9.01(b) hereof.

         

        “Stated
          Principal Balance”: With respect to any Mortgage Loan: (a) as of any date of
          determination up to but not including the Distribution Date on which the
          proceeds, if any, of a Liquidation Event with respect to such Mortgage
          Loan
          would be distributed, the outstanding principal balance of such Mortgage
          Loan as
          of the Cut-off Date as shown in the Mortgage Loan Schedule, minus the sum
          of (i)
          the principal portion of each Monthly Payment due on a Due Date subsequent
          to
          the Cut-off Date to the extent received from the Mortgagor or advanced
          by the
          Servicer and distributed pursuant to Section 4.01 on or before such date
          of
          determination, (ii) all Principal Prepayments received after the Cut-off
          Date to
          the extent distributed pursuant to Section 4.01 on or before such date
          of
          determination, (iii) all Liquidation Proceeds and Insurance Proceeds to
          the
          extent distributed pursuant to Section 4.01 on or before such date of
          determination, and (iv) any Realized Loss incurred with respect thereto
          as a
          result of a Deficient Valuation made during or prior to the Due Period
          for the
          most recent Distribution Date coinciding with or preceding such date of
          determination; and (b) as of any date of determination coinciding with
          or
          subsequent to the Distribution Date on which the proceeds, if any, of a
          Liquidation Event with respect to such Mortgage Loan would be distributed,
          zero.
          With respect to any REO Property: (a) as of any date of determination up
          to but
          not including the Distribution Date on which the proceeds, if any, of a
          Liquidation Event with respect to such REO Property would be distributed,
          an
          amount (not less than zero) equal to the Stated Principal Balance of the
          related
          Mortgage Loan as of the date on which such REO Property was acquired on
          behalf
          of the Trust Fund, minus the aggregate amount of REO Principal Amortization
          in
          respect of such REO Property for all previously ended calendar months,
          to the
          extent distributed pursuant to Section 4.01 on or before such date of
          determination; and (b) as of any date of determination coinciding with
          or
          subsequent to the Distribution Date on which the proceeds, if any, of a
          Liquidation Event with respect to such REO Property would be distributed,
          zero.

         

        “Stepdown
          Date”: The earlier to occur of (i) the Distribution Date following the
          Distribution Date on which the aggregate Certificate Principal Balance
          of the
          Class A Certificates has been reduced to zero and (ii) the later to occur
          of (x)
          the Distribution Date occurring in December 2009 and (y) the first Distribution
          Date on which the Senior Credit Enhancement Percentage (calculated for
          this
          purpose only after taking into account payments of principal on the Mortgage
          Loans but prior to distribution of the Group I Principal Distribution Amount
          and
          the Group II Principal Distribution Amount to the Certificates then entitled
          to
          distributions of principal on such Distribution Date) is equal to or greater
          than 33.00%.

         

        “Sub-Servicer”:
          Any Person with which the Servicer has entered into a Sub- Servicing Agreement
          and which meets the qualifications of a Sub-Servicer pursuant to Section
          3.02.

         

        “Sub-Servicing
          Account”: A segregated account established by a Sub-Servicer which meets the
          requirements set forth in Section 3.08 and is otherwise acceptable to the
          Servicer.

         

        “Sub-Servicing
          Agreement”: The written contract between the Servicer and a Sub-Servicer
          relating to servicing and administration of certain Mortgage Loans as provided
          in Section 3.02.

         

        “Subsequent
          Recoveries”:
          As
          of any Distribution Date, amounts received by the Servicer (net of any
          related
          expenses permitted to be reimbursed pursuant to Section 3.11) specifically
          related to a Mortgage Loan that was the subject of a liquidation or an
          REO
          Disposition prior to the related Prepayment Period that resulted in a Realized
          Loss.

         

        “Substitution
          Adjustment”: As defined in Section 2.03(d) hereof.

         

        “Supplemental
          Interest Trust”: As defined in Section 4.05(a).

         

        “Supplemental
          Interest Trust Trustee”: Deutsche Bank National Trust Company, a national
          banking association, not in its individual capacity but solely in its capacity
          as Supplemental Interest Trust Trustee, and any successor thereto.

         

        “Swap
          Account”: The account or accounts created and maintained pursuant to Section
          4.05. The Swap Account must be an Eligible Account.

         

        “Swap
          Credit Support Annex”: The credit support annex, dated the Closing Date, between
          the Supplemental Interest Trust Trustee and the Interest Rate Swap Provider,
          which is annexed to and forms part of the Interest Rate Swap
          Agreement.

         

        “Swap
          Expense Fee Rate” for any Distribution Date is an amount, expressed as a per
          annum rate, equal to the sum of (a) the product of (i) the Net Swap Payment
          made
          to the Swap Provider divided by the aggregate Principal Balance of the
          Mortgage
          Loans as of the last day of the related Due Period (after taking into account
          any Principal Prepayments received during the related Prepayment Period)
          and
          (ii) 12 and (b) the product of (i) any Swap Termination Payment (other
          than a
          Swap Termination Payment resulting from a Swap Provider Trigger Event)
          made to
          the Swap Provider divided by the aggregate Principal Balance of the Mortgage
          Loans as of the last day of the related Due Period (after taking into account
          any Principal Prepayments received during the related Prepayment Period)
          and
          (ii) 12.

         

        “Swap
          Interest Shortfall Amount”: Any shortfall of interest with respect to any Class
          of Certificates resulting from the application of the Net WAC Rate due
          to a
          discrepancy between the Uncertificated Notional Amount of REMIC 6 Regular
          Interest SWAP IO and the scheduled notional amount pursuant to the Interest
          Rate
          Swap Agreement.

         

        “Swap
          LIBOR”:
          A per annum rate equal to the floating rate payable by the Swap Provider
          under
          the Swap Agreement. 

         

        “Swap
          Provider”: The
          swap
          provider under the Interest Rate Swap Agreement. Initially, the Swap Provider
          shall be HSBC Bank USA, National Association.

         

        “Swap
          Provider Trigger Event”: A Swap Termination Payment that is triggered upon: (i)
          an Event of Default under the Interest Rate Swap Agreement with respect
          to which
          the Swap Provider is a Defaulting Party (as defined in the Interest Rate
          Swap
          Agreement), (ii) a Termination Event under the Interest Rate Swap Agreement
          with
          respect to which the Swap Provider is the sole Affected Party (as defined
          in the
          Interest Rate Swap Agreement) or (iii) an Additional Termination Event
          under the
          Interest Rate Swap Agreement with respect to which the Swap Provider is
          the sole
          Affected Party.

         

        “Swap
          Termination Payment”: The payment due to either party under the Interest Rate
          Swap Agreement upon the early termination of the Interest Rate Swap
          Agreement.

         

        “Tax
          Matters Person”: The tax matters person appointed pursuant to Section 9.01(e)
          hereof.

         

        “Tax
          Returns”: The federal income tax return on Internal Revenue Service Form 1066,
          U.S. Real Estate Mortgage Investment Conduit Income Tax Return, including
          Schedule Q thereto, Quarterly Notice to Residual Interest Holders of the
          REMIC
          Taxable Income or Net Loss Allocation, or any successor forms, to be filed
          by
          the Trustee on behalf of each REMIC, together with any and all other information
          reports or returns that may be required to be furnished to the
          Certificateholders or filed with the Internal Revenue Service or any other
          governmental taxing authority under any applicable provisions of federal,
          state
          or local tax laws.

         

        “Termination
          Price”: As defined in Section 10.01(a) hereof.

         

        “Terminator”:
          As defined in Section 10.01(a) hereof.

         

        “Transaction
          Addendum FFMLT 2006-FF16”: The transaction addendum dated as of November 30,
          2006, by and between Greenwich Capital Markets, Inc. and the Credit Risk
          Manager, and acknowledged by the Trustee, relating to the transaction
          contemplated by this Agreement.

         

        “Trigger
          Event”: A Trigger Event is in effect with respect to any Distribution Date on
          or
          after the Stepdown Date if:

         

        (b)  the
          Delinquency
          Percentage exceeds
          42.30% of the Senior Credit Enhancement Percentage; or

         

        (c)  the
          aggregate amount of Realized Losses incurred since the Cut-off Date through
          the
          last day of the related Due Period (reduced by the aggregate amount of
          Subsequent Recoveries received since the Cut-off Date through the last
          day of
          the related Due Period) divided by the aggregate Stated Principal Balance
          of the
          Mortgage Loans as of the Cut-off Date (the “Realized Loss Percentage”), exceeds
          the applicable percentages set forth below with respect to such Distribution
          Date:

         

        
          	
                  Distribution
                    Date Occurring In

                	
                  Percentage

                
	
                  December
                    2008 through November 2009

                	
                  1.25%
                    initially, plus 1/12th
                    of
                    1.55% for each month thereafter

                
	
                  December
                    2009 through November 2010

                	
                  2.80%
                    initially, plus 1/12th
                    of
                    1.60% for each month thereafter

                
	
                  December
                    2010 through November 2011

                	
                  4.40%
                    initially, plus 1/12th
                    of
                    1.30% for each month thereafter

                
	
                  December
                    2011 through November 2012

                	
                  5.70%
                    initially, plus 1/12th
                    of
                    0.75% for each month thereafter

                
	
                  December
                    2012 and thereafter

                	
                  6.45%

                

        

        

        “Trust”:
          First Franklin Mortgage Loan Trust 2006-FF16, the trust created
          hereunder.

         

        “Trust
          Fund”: All of the assets of the Trust, which is the trust created hereunder
          consisting of REMIC 2, REMIC 2, REMIC 3, REMIC 4, REMIC 5, REMIC 6,
          distributions made to the Trustee under the Interest Rate Swap Agreement
          and the
          Swap Account, distributions made to the Trustee under the Basis Risk Cap
          Agreement, distributions made to the Trustee by the Cap Trustee pursuant
          to the
          Cap Allocation Agreement, the right to receive any amounts from the Net
          WAC Rate
          Carryover Reserve Account and any Servicer Prepayment Charge Payment
          Amounts.

         

        “Trustee”:
          Deutsche Bank National Trust Company, a national banking association, or
          any
          successor trustee appointed as herein provided.

         

        “Trustee
          Compensation”: Such compensation, if any, as set forth in the separate fee
          schedule between the Trustee and the Depositor, which compensation shall
          be
          payable to the Trustee on each Distribution Date pursuant to Section 8.05
          as
          compensation for all services rendered by it in the execution of the trust
          hereby created and in the exercise and performance of any of the powers
          and
          duties of the Trustee hereunder.

         

        “Uncertificated
          Accrued Interest”: With respect to each REMIC Regular Interest on each
          Distribution Date, an amount equal to one month’s interest at the related
          Uncertificated REMIC Pass-Through Rate on the Uncertificated Principal
          Balance
          of such REMIC Regular Interest. In each case, Uncertificated Accrued Interest
          will be reduced by any Net Prepayment Interest Shortfalls, Relief Act Interest
          Shortfalls (allocated to such REMIC Regular Interests based on their respective
          entitlements to interest irrespective of any Net Prepayment Interest Shortfalls
          and Relief Act Interest Shortfalls for such Distribution Date).

         

        “Uncertificated
          Notional Amount”: With respect to REMIC 2 Regular Interest LTIO and each
          Distribution Date listed below, the aggregate Uncertificated Principal
          Balance
          of the REMIC 1 Regular Interests ending with the designation “A” listed below:

         

        
          	
                  Distribution
                    Date

                	
                  REMIC
                    1 Regular Interests

                
	
                  1st
                    through 10th

                	
                  I-1-A
                    through I-51-A

                
	
                  11

                	
                  I-2-A
                    through I-51-A

                
	
                  12

                	
                  I-3-A
                    through I-51-A

                
	
                  13

                	
                  I-4-A
                    through I-51-A

                
	
                  14

                	
                  I-5-A
                    through I-51-A

                
	
                  15

                	
                  I-6-A
                    through I-51-A

                
	
                  16

                	
                  I-7-A
                    through I-51-A

                
	
                  17

                	
                  I-8-A
                    through I-51-A

                
	
                  18

                	
                  I-9-A
                    through I-51-A

                
	
                  19

                	
                  I-10-A
                    through I-51-A

                
	
                  20

                	
                  I-11-A
                    through I-51-A

                
	
                  21

                	
                  I-12-A
                    through I-51-A

                
	
                  22

                	
                  I-13-A
                    through I-51-A

                
	
                  23

                	
                  I-14-A
                    through I-51-A

                
	
                  24

                	
                  I-15-A
                    through I-51-A

                
	
                  25

                	
                  I-16-A
                    through I-51-A

                
	
                  26

                	
                  I-17-A
                    through I-51-A

                
	
                  27

                	
                  I-18-A
                    through I-51-A

                
	
                  28

                	
                  I-19-A
                    through I-51-A

                
	
                  29

                	
                  I-20-A
                    through I-51-A

                
	
                  30

                	
                  I-21-A
                    through I-51-A

                
	
                  31

                	
                  I-22-A
                    through I-51-A

                
	
                  32

                	
                  I-23-A
                    through I-51-A

                
	
                  33

                	
                  I-24-A
                    through I-51-A

                
	
                  34

                	
                  I-25-A
                    through I-51-A

                
	
                  35

                	
                  I-26-A
                    through I-51-A

                
	
                  36

                	
                  I-27-A
                    through I-51-A

                
	
                  37

                	
                  I-28-A
                    through I-51-A

                
	
                  38

                	
                  I-29-A
                    through I-51-A

                
	
                  39

                	
                  I-30-A
                    through I-51-A

                
	
                  40

                	
                  I-31-A
                    through I-51-A

                
	
                  41

                	
                  I-32-A
                    through I-51-A

                
	
                  42

                	
                  I-33-A
                    through I-51-A

                
	
                  43

                	
                  I-34-A
                    through I-51-A

                
	
                  44

                	
                  I-35-A
                    through I-51-A

                
	
                  45

                	
                  I-36-A
                    through I-51-A

                
	
                  46

                	
                  I-37-A
                    through I-51-A

                
	
                  47

                	
                  I-38-A
                    through I-51-A

                
	
                  48

                	
                  I-39-A
                    through I-51-A

                
	
                  49

                	
                  I-40-A
                    through I-51-A

                
	
                  50

                	
                  I-41-A
                    through I-51-A

                
	
                  51

                	
                  I-42-A
                    through I-51-A

                
	
                  52

                	
                  I-43-A
                    through I-51-A

                
	
                  53

                	
                  I-44-A
                    through I-51-A

                
	
                  54

                	
                  I-45-A
                    through I-51-A

                
	
                  55

                	
                  I-46-A
                    through I-51-A

                
	
                  56

                	
                  I-47-A
                    through I-51-A

                
	
                  57

                	
                  I-48-A
                    through I-51-A

                
	
                  58

                	
                  I-49-A
                    through I-51-A

                
	
                  59

                	
                  I-50-A
                    and I-51-A

                
	
                  60

                	
                  I-51-A

                
	
                  thereafter

                	
                  $0.00

                

        

        

        With
          respect to the Class IO Interest and any Distribution Date, an amount equal
          to
          the Uncertificated Notional Amount of the REMIC 2 Regular Interest
          LTIO.

         

        “Uncertificated
          Principal Balance”: With respect to each REMIC Regular Interest, the amount of
          such REMIC Regular Interest outstanding as of any date of determination.
          As of
          the Closing Date, the Uncertificated Principal Balance of each REMIC Regular
          Interest shall equal the amount set forth in the Preliminary Statement
          hereto as
          its initial Uncertificated Principal Balance. On each Distribution Date,
          the
          Uncertificated Principal Balance of each REMIC Regular Interest shall be
          reduced
          by all distributions of principal made on such REMIC Regular Interest on
          such
          Distribution Date pursuant to Section 4.08 and, if and to the extent necessary
          and appropriate, shall be further reduced on such Distribution Date by
          Realized
          Losses as provided in Section 4.08, and the Uncertificated Principal Balance
          of
          REMIC Regular Interest LTZZ shall be increased by interest deferrals as
          provided
          in Section 4.08. With respect to the Class C Interest as of any date of
          determination, an amount equal to the excess, if any, of (A) the then aggregate
          Uncertificated Principal Balance of the REMIC 2 Regular Interests over
          (B) the
          then aggregate Certificate Principal Balance of the Floating Rate Certificates
          and the Class P Certificates then outstanding. The Uncertificated Principal
          Balance of each REMIC Regular Interest that has an Uncertificated Principal
          Balance shall never be less than zero.

         

        “Uncertificated
          REMIC Pass-Through Rate”: The Uncertificated REMIC 1 Pass-Through Rate or
          Uncertificated REMIC 2 Pass-Through Rate, as applicable.

         

        “Uncertificated
          REMIC 1 Pass-Through Rate”: With respect to REMIC 1 Regular Interest I, a per
          annum rate equal to the weighted average Net Mortgage Rate of the Mortgage
          Loans. With respect to each REMIC 1 Regular Interest ending with the designation
          “A”, a per annum rate equal to the weighted average Net Mortgage Rate of the
          Mortgage Loans multiplied by 2, subject to a maximum rate of 10.780%. With
          respect to each REMIC 1 Regular Interest ending with the designation “B”, the
          greater of (x) a per annum rate equal to the excess, if any, of (i) 2 multiplied
          by the weighted average Net Mortgage Rate of the Mortgage Loans over (ii)
          10.780% and (y) 0.00%.

         

        “Uncertificated
          REMIC 2 Pass-Through Rate”: With respect to REMIC 2 Regular Interest LTAA, REMIC
          2 Regular Interest LTIA1, REMIC 2 Regular Interest LTIIA1, REMIC 2 Regular
          Interest LTIIA2, REMIC 2 Regular Interest LTIIA3, REMIC 2 Regular Interest
          LTIIA4, REMIC 2 Regular Interest LTM1, REMIC 2 Regular Interest LTM2, REMIC
          2
          Regular Interest LTM3, REMIC 2 Regular Interest LTM4, REMIC 2 Regular Interest
          LTM5, REMIC 2 Regular Interest LTM6, REMIC 2 Regular Interest LTM7, REMIC
          2
          Regular Interest LTM8, REMIC 2 Regular Interest LTM9, REMIC 2 Regular Interest
          LTZZ and REMIC 2 Regular Interest LTP, a
          per
          annum rate (but not less than zero) equal to the weighted average of (v)
          with
          respect to REMIC 1 Regular Interest I, the Uncertificated REMIC 1 Pass-Through
          Rate for such REMIC 1 Regular Interest for each such Distribution Date,
          (w) with
          respect to REMIC 1 Regular Interests ending with the designation “B”, the
          weighted average of the Uncertificated REMIC 1 Pass-Through Rates for such
          REMIC
          1 Regular Interests, weighted on the basis of the Uncertificated Principal
          Balance of such REMIC 1 Regular Interests for each such Distribution Date
          and
          (x) with respect to REMIC 1 Regular Interests ending with the designation
“A”,
          for each Distribution Date listed below, the weighted average of the rates
          listed below for each such REMIC 1 Regular Interest listed below, weighted
          on
          the basis of the Uncertificated Principal Balance of each such REMIC 1
          Regular
          Interest for each such Distribution Date:

         

        
          	
                  Distribution
                    Date

                	
                  REMIC
                    1 Regular Interest

                	
                  Rate

                
	
                  1st
                    through 9th 

                	
                  I-1-A
                    through I-51-A

                	
                  Uncertificated
                    REMIC 1 Pass-Through Rate

                
	
                  10

                	
                  I-1-A
                    through I-51-A

                	
                  2
                    multiplied by Swap LIBOR, subject to a maximum rate of Uncertificated
                    REMIC 1 Pass-Through Rate

                
	
                  11

                	
                  I-2-A
                    through I-51-A

                	
                  2
                    multiplied by Swap LIBOR, subject to a maximum rate of Uncertificated
                    REMIC 1 Pass-Through Rate

                
	
                  12

                	
                  I-1-A

                	
                  Uncertificated
                    REMIC 1 Pass-Through Rate

                
	 	
                  I-3-A
                    through I-51-A

                	
                  2
                    multiplied by Swap LIBOR, subject to a maximum rate of Uncertificated
                    REMIC 1 Pass-Through Rate

                
	
                  13

                	
                  I-1-A
                    and I-2-A

                	
                  Uncertificated
                    REMIC 1 Pass-Through Rate

                
	 	
                  I-4-A
                    through I-51-A

                	
                  2
                    multiplied by Swap LIBOR, subject to a maximum rate of Uncertificated
                    REMIC 1 Pass-Through Rate

                
	
                  14

                	
                  I-1-A
                    through I-3-A

                	
                  Uncertificated
                    REMIC 1 Pass-Through Rate

                
	 	
                  I-5-A
                    through I-51-A

                	
                  2
                    multiplied by Swap LIBOR, subject to a maximum rate of Uncertificated
                    REMIC 1 Pass-Through Rate

                
	
                  15

                	
                  I-1-A
                    through I-4-A

                	
                  Uncertificated
                    REMIC 1 Pass-Through Rate

                
	 	
                  I-6-A
                    through I-51-A

                	
                  2
                    multiplied by Swap LIBOR, subject to a maximum rate of Uncertificated
                    REMIC 1 Pass-Through Rate

                
	
                  16

                	
                  I-1-A
                    through I-5-A

                	
                  Uncertificated
                    REMIC 1 Pass-Through Rate

                
	 	
                  I-7-A
                    through I-51-A

                	
                  2
                    multiplied by Swap LIBOR, subject to a maximum rate of Uncertificated
                    REMIC 1 Pass-Through Rate

                
	
                  17

                	
                  I-1-A
                    through I-6-A

                	
                  Uncertificated
                    REMIC 1 Pass-Through Rate

                
	 	
                  I-8-A
                    through I-51-A

                	
                  2
                    multiplied by Swap LIBOR, subject to a maximum rate of Uncertificated
                    REMIC 1 Pass-Through Rate

                
	
                  18

                	
                  I-1-A
                    through I-7-A

                	
                  Uncertificated
                    REMIC 1 Pass-Through Rate

                
	 	
                  I-9-A
                    through I-51-A

                	
                  2
                    multiplied by Swap LIBOR, subject to a maximum rate of Uncertificated
                    REMIC 1 Pass-Through Rate

                
	
                  19

                	
                  I-1-A
                    through I-8-A

                	
                  Uncertificated
                    REMIC 1 Pass-Through Rate

                
	 	
                  I-10-A
                    through I-51-A

                	
                  2
                    multiplied by Swap LIBOR, subject to a maximum rate of Uncertificated
                    REMIC 1 Pass-Through Rate

                
	
                  20

                	
                  I-1-A
                    through I-9-A

                	
                  Uncertificated
                    REMIC 1 Pass-Through Rate

                
	 	
                  I-11-A
                    through I-51-A

                	
                  2
                    multiplied by Swap LIBOR, subject to a maximum rate of Uncertificated
                    REMIC 1 Pass-Through Rate

                
	
                  21

                	
                  I-1-A
                    through I-10-A

                	
                  Uncertificated
                    REMIC 1 Pass-Through Rate

                
	 	
                  I-12-A
                    through I-51-A

                	
                  2
                    multiplied by Swap LIBOR, subject to a maximum rate of Uncertificated
                    REMIC 1 Pass-Through Rate

                
	
                  22

                	
                  I-1-A
                    through I-11-A

                	
                  Uncertificated
                    REMIC 1 Pass-Through Rate

                
	 	
                  I-13-A
                    through I-51-A

                	
                  2
                    multiplied by Swap LIBOR, subject to a maximum rate of Uncertificated
                    REMIC 1 Pass-Through Rate

                
	
                  23

                	
                  I-1-A
                    through I-12-A

                	
                  Uncertificated
                    REMIC 1 Pass-Through Rate

                
	 	
                  I-14-A
                    through I-51-A

                	
                  2
                    multiplied by Swap LIBOR, subject to a maximum rate of Uncertificated
                    REMIC 1 Pass-Through Rate

                
	
                  24

                	
                  I-1-A
                    through I-13-A

                	
                  Uncertificated
                    REMIC 1 Pass-Through Rate

                
	 	
                  I-15-A
                    through I-51-A

                	
                  2
                    multiplied by Swap LIBOR, subject to a maximum rate of Uncertificated
                    REMIC 1 Pass-Through Rate

                
	
                  25

                	
                  I-1-A
                    through I-14-A

                	
                  Uncertificated
                    REMIC 1 Pass-Through Rate

                
	 	
                  I-16-A
                    through I-51-A

                	
                  2
                    multiplied by Swap LIBOR, subject to a maximum rate of Uncertificated
                    REMIC 1 Pass-Through Rate

                
	
                  26

                	
                  I-1-A
                    through I-15-A

                	
                  Uncertificated
                    REMIC 1 Pass-Through Rate

                
	 	
                  I-17-A
                    through I-51-A

                	
                  2
                    multiplied by Swap LIBOR, subject to a maximum rate of Uncertificated
                    REMIC 1 Pass-Through Rate

                
	
                  27

                	
                  I-1-A
                    through I-16-A

                	
                  Uncertificated
                    REMIC 1 Pass-Through Rate

                
	 	
                  I-18-A
                    through I-51-A

                	
                  2
                    multiplied by Swap LIBOR, subject to a maximum rate of Uncertificated
                    REMIC 1 Pass-Through Rate

                
	
                  28

                	
                  I-1-A
                    through I-17-A

                	
                  Uncertificated
                    REMIC 1 Pass-Through Rate

                
	 	
                  I-19-A
                    through I-51-A

                	
                  2
                    multiplied by Swap LIBOR, subject to a maximum rate of Uncertificated
                    REMIC 1 Pass-Through Rate

                
	
                  29

                	
                  I-1-A
                    through I-18-A

                	
                  Uncertificated
                    REMIC 1 Pass-Through Rate

                
	 	
                  I-20-A
                    through I-51-A

                	
                  2
                    multiplied by Swap LIBOR, subject to a maximum rate of Uncertificated
                    REMIC 1 Pass-Through Rate

                
	
                  30

                	
                  I-1-A
                    through I-19-A

                	
                  Uncertificated
                    REMIC 1 Pass-Through Rate

                
	 	
                  I-21-A
                    through I-51-A

                	
                  2
                    multiplied by Swap LIBOR, subject to a maximum rate of Uncertificated
                    REMIC 1 Pass-Through Rate

                
	
                  31

                	
                  I-1-A
                    through I-20-A

                	
                  Uncertificated
                    REMIC 1 Pass-Through Rate

                
	 	
                  I-22-A
                    through I-51-A

                	
                  2
                    multiplied by Swap LIBOR, subject to a maximum rate of Uncertificated
                    REMIC 1 Pass-Through Rate

                
	
                  32

                	
                  I-1-A
                    through I-21-A

                	
                  Uncertificated
                    REMIC 1 Pass-Through Rate

                
	 	
                  I-23-A
                    through I-51-A

                	
                  2
                    multiplied by Swap LIBOR, subject to a maximum rate of Uncertificated
                    REMIC 1 Pass-Through Rate

                
	
                  33

                	
                  I-1-A
                    through I-22-A

                	
                  Uncertificated
                    REMIC 1 Pass-Through Rate

                
	 	
                  I-24-A
                    through I-51-A

                	
                  2
                    multiplied by Swap LIBOR, subject to a maximum rate of Uncertificated
                    REMIC 1 Pass-Through Rate

                
	
                  34

                	
                  I-1-A
                    through I-23-A

                	
                  Uncertificated
                    REMIC 1 Pass-Through Rate

                
	 	
                  I-25-A
                    through I-51-A

                	
                  2
                    multiplied by Swap LIBOR, subject to a maximum rate of Uncertificated
                    REMIC 1 Pass-Through Rate

                
	
                  35

                	
                  I-1-A
                    through I-24-A

                	
                  Uncertificated
                    REMIC 1 Pass-Through Rate

                
	 	
                  I-26-A
                    through I-51-A

                	
                  2
                    multiplied by Swap LIBOR, subject to a maximum rate of Uncertificated
                    REMIC 1 Pass-Through Rate

                
	
                  36

                	
                  I-1-A
                    through I-25-A

                	
                  Uncertificated
                    REMIC 1 Pass-Through Rate

                
	 	
                  I-27-A
                    through I-51-A

                	
                  2
                    multiplied by Swap LIBOR, subject to a maximum rate of Uncertificated
                    REMIC 1 Pass-Through Rate

                
	
                  37

                	
                  I-1-A
                    through I-26-A

                	
                  Uncertificated
                    REMIC 1 Pass-Through Rate

                
	 	
                  I-28-A
                    through I-51-A

                	
                  2
                    multiplied by Swap LIBOR, subject to a maximum rate of Uncertificated
                    REMIC 1 Pass-Through Rate

                
	
                  38

                	
                  I-1-A
                    through I-27-A

                	
                  Uncertificated
                    REMIC 1 Pass-Through Rate

                
	 	
                  I-29-A
                    through I-51-A

                	
                  2
                    multiplied by Swap LIBOR, subject to a maximum rate of Uncertificated
                    REMIC 1 Pass-Through Rate

                
	
                  39

                	
                  I-1-A
                    through I-28-A

                	
                  Uncertificated
                    REMIC 1 Pass-Through Rate

                
	 	
                  I-30-A
                    through I-51-A

                	
                  2
                    multiplied by Swap LIBOR, subject to a maximum rate of Uncertificated
                    REMIC 1 Pass-Through Rate

                
	
                  40

                	
                  I-1-A
                    through I-29-A

                	
                  Uncertificated
                    REMIC 1 Pass-Through Rate

                
	 	
                  I-31-A
                    through I-51-A

                	
                  2
                    multiplied by Swap LIBOR, subject to a maximum rate of Uncertificated
                    REMIC 1 Pass-Through Rate

                
	
                  41

                	
                  I-1-A
                    through I-30-A

                	
                  Uncertificated
                    REMIC 1 Pass-Through Rate

                
	 	
                  I-32-A
                    through I-51-A

                	
                  2
                    multiplied by Swap LIBOR, subject to a maximum rate of Uncertificated
                    REMIC 1 Pass-Through Rate

                
	
                  42

                	
                  I-1-A
                    through I-31-A

                	
                  Uncertificated
                    REMIC 1 Pass-Through Rate

                
	 	
                  I-33-A
                    through I-51-A

                	
                  2
                    multiplied by Swap LIBOR, subject to a maximum rate of Uncertificated
                    REMIC 1 Pass-Through Rate

                
	
                  43

                	
                  I-1-A
                    through I-32-A

                	
                  Uncertificated
                    REMIC 1 Pass-Through Rate

                
	 	
                  I-34-A
                    through I-51-A

                	
                  2
                    multiplied by Swap LIBOR, subject to a maximum rate of Uncertificated
                    REMIC 1 Pass-Through Rate

                
	
                  44

                	
                  I-1-A
                    through I-33-A

                	
                  Uncertificated
                    REMIC 1 Pass-Through Rate

                
	 	
                  I-35-A
                    through I-51-A

                	
                  2
                    multiplied by Swap LIBOR, subject to a maximum rate of Uncertificated
                    REMIC 1 Pass-Through Rate

                
	
                  45

                	
                  I-1-A
                    through I-34-A

                	
                  Uncertificated
                    REMIC 1 Pass-Through Rate

                
	 	
                  I-36-A
                    through I-51-A

                	
                  2
                    multiplied by Swap LIBOR, subject to a maximum rate of Uncertificated
                    REMIC 1 Pass-Through Rate

                
	
                  46

                	
                  I-1-A
                    through I-35-A

                	
                  Uncertificated
                    REMIC 1 Pass-Through Rate

                
	 	
                  I-37-A
                    through I-51-A

                	
                  2
                    multiplied by Swap LIBOR, subject to a maximum rate of Uncertificated
                    REMIC 1 Pass-Through Rate

                
	
                  47

                	
                  I-1-A
                    through I-36-A

                	
                  Uncertificated
                    REMIC 1 Pass-Through Rate

                
	 	
                  I-38-A
                    through I-51-A

                	
                  2
                    multiplied by Swap LIBOR, subject to a maximum rate of Uncertificated
                    REMIC 1 Pass-Through Rate

                
	
                  48

                	
                  I-1-A
                    through I-37-A

                	
                  Uncertificated
                    REMIC 1 Pass-Through Rate

                
	 	
                  I-39-A
                    through I-51-A

                	
                  2
                    multiplied by Swap LIBOR, subject to a maximum rate of Uncertificated
                    REMIC 1 Pass-Through Rate

                
	
                  49

                	
                  I-1-A
                    through I-38-A

                	
                  Uncertificated
                    REMIC 1 Pass-Through Rate

                
	 	
                  I-40-A
                    through I-51-A

                	
                  2
                    multiplied by Swap LIBOR, subject to a maximum rate of Uncertificated
                    REMIC 1 Pass-Through Rate

                
	
                  50

                	
                  I-1-A
                    through I-39-A

                	
                  Uncertificated
                    REMIC 1 Pass-Through Rate

                
	 	
                  I-41-A
                    through I-51-A

                	
                  2
                    multiplied by Swap LIBOR, subject to a maximum rate of Uncertificated
                    REMIC 1 Pass-Through Rate

                
	
                  51

                	
                  I-1-A
                    through I-40-A

                	
                  Uncertificated
                    REMIC 1 Pass-Through Rate

                
	 	
                  I-42-A
                    through I-51-A

                	
                  2
                    multiplied by Swap LIBOR, subject to a maximum rate of Uncertificated
                    REMIC 1 Pass-Through Rate

                
	
                  52

                	
                  I-1-A
                    through I-41-A

                	
                  Uncertificated
                    REMIC 1 Pass-Through Rate

                
	 	
                  I-43-A
                    through I-51-A

                	
                  2
                    multiplied by Swap LIBOR, subject to a maximum rate of Uncertificated
                    REMIC 1 Pass-Through Rate

                
	
                  53

                	
                  I-1-A
                    through I-42-A

                	
                  Uncertificated
                    REMIC 1 Pass-Through Rate

                
	 	
                  I-44-A
                    through I-51-A

                	
                  2
                    multiplied by Swap LIBOR, subject to a maximum rate of Uncertificated
                    REMIC 1 Pass-Through Rate

                
	
                  54

                	
                  I-1-A
                    through I-43-A

                	
                  Uncertificated
                    REMIC 1 Pass-Through Rate

                
	 	
                  I-45-A
                    through I-51-A

                	
                  2
                    multiplied by Swap LIBOR, subject to a maximum rate of Uncertificated
                    REMIC 1 Pass-Through Rate

                
	
                  55

                	
                  I-1-A
                    through I-44-A

                	
                  Uncertificated
                    REMIC 1 Pass-Through Rate

                
	 	
                  I-46-A
                    through I-51-A

                	
                  2
                    multiplied by Swap LIBOR, subject to a maximum rate of Uncertificated
                    REMIC 1 Pass-Through Rate

                
	
                  56

                	
                  I-1-A
                    through I-45-A

                	
                  Uncertificated
                    REMIC 1 Pass-Through Rate

                
	 	
                  I-47-A
                    through I-51-A

                	
                  2
                    multiplied by Swap LIBOR, subject to a maximum rate of Uncertificated
                    REMIC 1 Pass-Through Rate

                
	
                  57

                	
                  I-1-A
                    through I-46-A

                	
                  Uncertificated
                    REMIC 1 Pass-Through Rate

                
	 	
                  I-48-A
                    through I-51-A

                	
                  2
                    multiplied by Swap LIBOR, subject to a maximum rate of Uncertificated
                    REMIC 1 Pass-Through Rate

                
	
                  58

                	
                  I-1-A
                    through I-47-A

                	
                  Uncertificated
                    REMIC 1 Pass-Through Rate

                
	 	
                  I-49-A
                    through I-51-A

                	
                  2
                    multiplied by Swap LIBOR, subject to a maximum rate of Uncertificated
                    REMIC 1 Pass-Through Rate

                
	
                  59

                	
                  I-1-A
                    through I-48-A

                	
                  Uncertificated
                    REMIC 1 Pass-Through Rate

                
	 	
                  I-50-A
                    and I-51-A

                	
                  2
                    multiplied by Swap LIBOR, subject to a maximum rate of Uncertificated
                    REMIC 1 Pass-Through Rate

                
	
                  60

                	
                  I-1-A
                    through I-30-A

                	
                  Uncertificated
                    REMIC 1 Pass-Through Rate

                
	 	
                  I-51-A

                	
                  2
                    multiplied by Swap LIBOR, subject to a maximum rate of Uncertificated
                    REMIC 1 Pass-Through Rate

                
	
                  thereafter

                	
                  I-1-A
                    through I-50-A

                	
                  Uncertificated
                    REMIC 1 Pass-Through Rate

                
	 	
                  I-1-A
                    through I-51-A

                	
                  Uncertificated
                    REMIC 1 Pass-Through Rate

                

        

        

        With
          respect to REMIC 2 Regular Interest LTIO and (a) the first 9 Distribution
          Date,
          the excess of (i) the weighted average of the Uncertificated REMIC 1
          Pass-Through Rates for REMIC 1 Regular Interests ending with the designation
“A”
over (ii) the weighted average of the Uncertificated REMIC 1 Pass-Through
          Rates
          for REMIC 1 Regular Interests ending with the designation “A” and (b) the
          10th
          Distribution Date through the 60th
          Distribution Date, the excess of (i) the weighted average of the Uncertificated
          REMIC 1 Pass-Through Rates for REMIC 1 Regular Interests ending with the
          designation “A”, over (ii) 2 multiplied by Swap LIBOR and (c) thereafter, 0.00%.

        

        “Uninsured
          Cause”: Any cause of damage to a Mortgaged Property such that the complete
          restoration of such property is not fully reimbursable by the hazard insurance
          policies required to be maintained pursuant to Section 3.14.

         

        “United
          States Person” or “U.S. Person”: A citizen or resident of the United States, a
          corporation, partnership (or other entity treated as a corporation or
          partnership for United States federal income tax purposes) created or organized
          in, or under the laws of, the United States, any state thereof, or the
          District
          of Columbia (except in the case of a partnership, to the extent provided
          in
          Treasury Regulations) provided that, for purposes solely of the restrictions
          on
          the transfer of Residual Certificates, no partnership or other entity treated
          as
          a partnership for United States federal income tax purposes shall be treated
          as
          a United States Person unless all persons that own an interest in such
          partnership either directly or through any entity that is not a corporation
          for
          United States federal income tax purposes are required by the applicable
          operative agreement to be United States Persons, or an estate the income
          of
          which from sources without the United States is includible in gross income
          for
          United States federal income tax purposes regardless of its connection
          with the
          conduct of a trade or business within the United States, or a trust if
          a court
          within the United States is able to exercise primary supervision over the
          administration of the trust and one or more United States persons have
          authority
          to control all substantial decisions of the trust. The term “United States”
shall have the meaning set forth in Section 7701 of the Code or successor
          provisions.

         

        “Unpaid
          Interest Shortfall Amount”: With respect to any Class of the Floating Rate
          Certificates and (i) the first Distribution Date, zero, and (ii) any
          Distribution Date after the first Distribution Date, the amount, if any,
          by
          which (a) the sum of (1) the Monthly Interest Distributable Amount for
          such
          Class for the immediately preceding Distribution Date and (2) the outstanding
          Unpaid Interest Shortfall Amount, if any, for such Class for such preceding
          Distribution Date exceeds (b) the aggregate amount distributed on such
          Class in
          respect of interest pursuant to clause (a) of this definition on such preceding
          Distribution Date, plus interest on the amount of interest due but not
          paid on
          the Certificates of such Class on such preceding Distribution Date, to
          the
          extent permitted by law, at the Pass-Through Rate for such Class for the
          related
          Accrual Period.

         

        “Value”:
          With respect to any Mortgaged Property, the lesser of (i) the value thereof
          as
          determined by an appraisal made for the originator of the Mortgage Loan
          at the
          time of origination of the Mortgage Loan by an appraiser who met the minimum
          requirements of Fannie Mae and Freddie Mac and (ii) the purchase price
          paid for
          the related Mortgaged Property by the Mortgagor with the proceeds of the
          Mortgage Loan.

         

        “Voting
          Rights”: The portion of the voting rights of all of the Certificates which is
          allocated to any Certificate. At all times the Floating Rate Certificates
          and
          the Class C Certificates shall have 98% of the Voting Rights (allocated
          among
          the Holders of the Floating Rate Certificates and the Class C Certificates
          in
          proportion to the then outstanding Certificate Principal Balances of their
          respective Certificates), the Class P Certificates shall have 1% of the
          Voting
          Rights and the Residual Certificates shall have 1% of the Voting Rights.
          The
          Voting Rights allocated to any Class of Certificates (other than the Class
          P
          Certificates and the Residual Certificates) shall be allocated among all
          Holders
          of each such Class in proportion to the outstanding Certificate Principal
          Balance of such Certificates, and the Voting Rights allocated to the Class
          P
          Certificates and the Residual Certificates shall be allocated among all
          Holders
          of each such Class in proportion to such Holders’ respective Percentage
          Interest; provided, however that when none of the Regular Certificates
          are
          outstanding, 100% of the Voting Rights shall be allocated among Holders
          of the
          Residual Certificates in accordance with such Holders’ respective Percentage
          Interests in the Certificates of such Class.

         

        	SECTION
                1.02  	
                Accounting.

              

         

        Unless
          otherwise specified herein, for the purpose of any definition or calculation,
          whenever amounts are required to be netted, subtracted or added or any
          distributions are taken into account such definition or calculation and
          any
          related definitions or calculations shall be determined without duplication
          of
          such functions.

         

        	SECTION
                1.03  	
                Allocation
                  of Certain Interest Shortfalls.

              

         

        For
          purposes of calculating the amount of the Monthly Interest Distributable
          Amount
          for the Floating Rate Certificates and the Class C Certificates for any
          Distribution Date, (1) the aggregate amount of any Net Prepayment Interest
          Shortfalls and any Relief Act Interest Shortfalls incurred in respect of
          the
          Mortgage Loans for any Distribution Date shall be allocated first, among
          the
          Class C Certificates on a pro
          rata
          basis
          based on, and to the extent of, one month’s interest at the then applicable
          Pass-Through Rate on the Notional Amount of each such Certificate and,
          thereafter, among the Floating Rate Certificates on a
          pro
          rata
          basis
          based on, and to the extent of, one month’s interest at the then applicable
          respective Pass-Through Rate on the respective Certificate Principal Balance
          of
          each such Certificate and (2) the aggregate amount of any Realized Losses
          and
          Net WAC Rate Carryover Amounts shall be allocated among the Class C Certificates
          on a pro
          rata
          basis
          based on, and to the extent of, one month’s interest at the then applicable
          Pass-Through Rate on the Notional Amount of each such Certificate.

         

        For
          purposes of calculating the amount of Uncertificated Accrued Interest for
          the
          REMIC 1 Regular Interests for any Distribution Date the aggregate amount
          of any
          Net Prepayment Interest Shortfalls and any Relief Act Interest Shortfalls
          incurred in respect of the Mortgage Loans shall be allocated first, to
          REMIC 1
          Regular Interest I and to the REMIC 1 Regular Interests ending with the
          designation “B”, pro
          rata
          based
          on, and to the extent of, one month’s interest at the then applicable respective
          Uncertificated REMIC 1 Pass-Through Rates on the respective Uncertificated
          Principal Balances of each such REMIC 1 Regular Interest, and then, to
          REMIC 1
          Regular Interests ending with the designation “A”, pro rata based on, and to the
          extent of, one month’s interest at the then applicable respective Uncertificated
          REMIC 1 Pass-Through Rates on the respective Uncertificated Principal Balances
          of each such REMIC 1 Regular Interest.

         

        For
          purposes of calculating the amount of Uncertificated Accrued Interest for
          the
          REMIC 2 Regular Interests for any Distribution Date, the aggregate amount
          of any
          Net Prepayment Interest Shortfalls and any Relief Act Interest Shortfalls
          incurred in respect of the Mortgage Loans for any Distribution Date shall
          be
          allocated among REMIC 2 Regular Interest LTAA, REMIC 2 Regular Interest
          LTIA1,
          REMIC 2 Regular Interest LTIIA1, REMIC 2 Regular Interest LTIIA2, REMIC
          2
          Regular Interest LTIIA3, REMIC
          2
          Regular Interest LTIIA4, REMIC 2 Regular Interest LTM1, REMIC 2 Regular
          Interest
          LTM2, REMIC 2 Regular Interest LTM3, REMIC 2 Regular Interest LTM4, REMIC
          2
          Regular Interest LTM5, REMIC 2 Regular Interest LTM6, REMIC 2 Regular Interest
          LTM7, REMIC 2 Regular Interest LTM8, REMIC 2 Regular Interest LTM9 and
          REMIC 2
          Regular Interest LTZZ pro
          rata based
          on,
          and to the extent of, one month’s interest at the then applicable respective
          Uncertificated REMIC 2 Pass-Through Rate on the respective Uncertificated
          Principal Balance of each such REMIC 2 Regular Interest.

         

        	SECTION
                1.04  	
                Rights
                  of the NIMS Insurer.

              

         

        Each
          of
          the rights of the NIMS Insurer set forth in this Agreement shall exist
          so long
          as (i) the NIMS Insurer has undertaken to guarantee certain payments of
          notes
          issued pursuant to an Indenture and (ii) any series of notes issued pursuant
          to
          one or more Indentures remain outstanding or the NIMS Insurer is owed amounts
          in
          respect of its guarantee of payment on such notes; provided, however, the
          NIMS
          Insurer shall not have any rights hereunder (except pursuant to Section
          11.01 in
          the case of clause (ii) below) so long as (i) the NIMS Insurer has not
          undertaken to guarantee certain payments of notes issued pursuant to the
          Indenture or (ii) any default has occurred and is continuing under the
          insurance
          policy issued by the NIMS Insurer with respect to such notes.

         

         

         

        
          
             

          

          
             

            
              

            

          

          
             

          

        

        ARTICLE
          II

        CONVEYANCE
          OF MORTGAGE LOANS;

        ORIGINAL
          ISSUANCE OF CERTIFICATES

         

        	SECTION
                2.01  	
                Conveyance
                  of Mortgage Loans.

              

         

        The
          Depositor, concurrently with the execution and delivery hereof, does hereby
          transfer, assign, set over and otherwise convey in trust to the Trustee
          without
          recourse for the benefit of the Certificateholders all the right, title
          and
          interest of the Depositor, including any security interest therein for
          the
          benefit of the Depositor, in and to (i) each Mortgage Loan identified on
          the
          Mortgage Loan Schedule, including the related Cut-off Date Principal Balance,
          all interest accruing thereon on and after the Cut-off Date and all collections
          in respect of interest and principal due after the Cut-off Date; (ii) property
          which secured each such Mortgage Loan and which has been acquired by foreclosure
          or deed in lieu of foreclosure; (iii) its interest in any insurance policies
          in
          respect of the Mortgage Loans; (iv) the rights of the Depositor under the
          Mortgage Loan Purchase Agreement, (v) payments made to the Supplemental
          Interest
          Trust Trustee by the Swap Provider and the Swap Account, (vi) payments
          made to
          the Cap Trustee by the Interest Rate Cap Provider and the Cap Account,
          (vii) the
          right to receive any amounts payable under the Basis Risk Cap Agreement
          and
          Basis Risk Cap Agreement and (viii) all other assets included or to be
          included
          in the Trust Fund and (vii) all proceeds of any of the foregoing. Such
          assignment includes all interest and principal due and collected by the
          Depositor or the Servicer after the Cut-off Date with respect to the Mortgage
          Loans.

         

        In
          connection with such transfer and assignment, the Depositor, does hereby
          deliver
          to, and deposit with the Custodian on behalf of the Trustee, the following
          documents or instruments with respect to each Mortgage Loan so transferred
          and
          assigned (with respect to each Mortgage Loan, a “Mortgage File”):

         

        (i)  the
          original Mortgage Note, endorsed either (A) in blank or (B) in the following
          form: “Pay to the order of Deutsche Bank National Trust Company, as Trustee,
          without recourse” or with respect to any lost Mortgage Note, an original Lost
          Note Affidavit stating that the original mortgage note was lost, misplaced
          or
          destroyed, together with a copy of the related mortgage note; provided,
          however,
          that such substitutions of Lost Note Affidavits for original Mortgage Notes
          may
          occur only with respect to Mortgage Loans, the aggregate Cut-off Date Principal
          Balance of which is less than or equal to 1.00% of the Pool Balance as
          of the
          Cut-off Date;

         

        (ii)  the
          original Mortgage (noting the presence of the MIN of the Mortgage Loan
          and
          language indicating that the Mortgage Loan is a MOM Loan if the Mortgage
          Loan is
          a MOM Loan), with evidence of recording thereon, and the original recorded
          power
          of attorney, if the Mortgage was executed pursuant to a power of attorney,
          with
          evidence of recording thereon or, if such Mortgage or power of attorney
          has been
          submitted for recording but has not been returned from the applicable public
          recording office, has been lost or is not otherwise available, a copy of
          such
          Mortgage or power of attorney, as the case may be, certified to be a true
          and
          complete copy of the original submitted for recording;

         

        (iii)  unless
          the Mortgage Loan is registered on the MERS® System, an original Assignment, in
          form and substance acceptable for recording. The Mortgage shall be assigned
          either (A) in blank or (B) to “Deutsche Bank National Trust Company, as Trustee,
          without recourse”;

         

        (iv)  an
          original of any intervening assignment of Mortgage showing a complete chain
          of
          assignments (or to MERS if the Mortgage Loan is registered on the MERS® System
          and noting the presence of MIN);

         

        (v)  the
          original or a certified copy of lender’s title insurance policy;
          and

         

        (vi)  the
          original or copies of each assumption, modification, written assurance
          or
          substitution agreement, if any.

         

        The
          Depositor herewith also delivers to the Trustee an executed copy of the
          Mortgage
          Loan Purchase Agreement.

         

        The
          Trustee agrees to execute and deliver (or cause the Custodian to execute
          and
          deliver) and to the Depositor on or prior to the Closing Date an acknowledgment
          of receipt of the original Mortgage Note (with any exceptions noted),
          substantially in the form attached as Exhibit F-3 hereto.

         

        If
          any of
          the documents referred to in Section 2.01(ii), (iii) or (iv) above has
          as of the
          Closing Date been submitted for recording but either (x) has not been returned
          from the applicable public recording office or (y) has been lost or such
          public
          recording office has retained the original of such document, the obligations
          of
          the Depositor to deliver such documents shall be deemed to be satisfied
          upon (1)
          delivery to the Custodian on behalf of the Trustee no later than the Closing
          Date, of a copy of each such document certified by the Originator or the
          Seller
          in the case of (x) above or the applicable public recording office in the
          case
          of (y) above to be a true and complete copy of the original that was submitted
          for recording and (2) if such copy is certified by the Originator, delivery
          to
          the Custodian on behalf of the Trustee, promptly upon receipt thereof of
          either
          the original or a copy of such document certified by the applicable public
          recording office to be a true and complete copy of the original. If the
          original
          lender’s title insurance policy, or a certified copy thereof, was not delivered
          pursuant to Section 2.01(v) above, the Depositor shall deliver or cause
          to be
          delivered to the Custodian on behalf of the Trustee, the original or a
          copy of a
          written commitment or interim binder or preliminary report of title issued
          by
          the title insurance or escrow company, with the original or a certified
          copy
          thereof to be delivered to the Custodian on behalf of the Trustee, promptly
          upon
          receipt thereof. The Servicer or the Depositor shall deliver or cause to
          be
          delivered to the Custodian on behalf of the Trustee promptly upon receipt
          thereof any other documents constituting a part of a Mortgage File received
          with
          respect to any Mortgage Loan, including, but not limited to, any original
          documents evidencing an assumption or modification of any Mortgage
          Loan.

         

        Upon
          discovery or receipt of notice of any materially defective document in,
          or that
          a document is missing from, a Mortgage File, the Trustee (or the Custodian
          on
          behalf of the Trustee) shall notify the Servicer and the Servicer shall
          enforce
          the obligations of the Seller under the Mortgage Loan Purchase Agreement
          to cure
          such defect or deliver such missing document to the Trustee or the Custodian
          within 120 days. If the Seller does not cure such defect or deliver such
          missing
          document within such time period, the Servicer shall enforce the obligations
          of
          the Seller to either repurchase or substitute for such Mortgage Loan in
          accordance with Section 2.03. In connection with the foregoing, it is understood
          that the Custodian on behalf of the Trustee shall have no duty to discover
          any
          such defects except in the course of performing its review of the Mortgage
          Files
          to the extent set forth herein.

         

        Except
          with respect to any Mortgage Loan for which MERS is identified on the Mortgage,
          the Trustee shall enforce the obligations of the Seller under the Mortgage
          Loan
          Purchase Agreement to cause the Assignments which were delivered in blank
          to be
          completed and to record all Assignments referred to in Section 2.01(iii)
          hereof
          and, to the extent necessary, in Section 2.01(iv) hereof and to deliver
          such
          assignments for recording within 180 days of the Closing Date. In the event
          that
          any such Assignment is lost or returned unrecorded because of a defect
          therein,
          the Trustee shall enforce the obligations of the Seller under the Mortgage
          Loan
          Purchase Agreement to promptly have a substitute Assignment prepared or
          have
          such defect cured, as the case may be, and thereafter cause each such Assignment
          to be duly recorded.

         

        Notwithstanding
          the foregoing, for administrative convenience and facilitation of servicing
          and
          to reduce closing costs, the Assignments of Mortgage shall not be required
          to be
          submitted for recording (except with respect to any Mortgage Loan located
          in
          Maryland) unless the Trustee (or the Custodian on behalf of the Trustee)
          and the
          Depositor receive notice that such failure to record would result in a
          withdrawal or a downgrading by any Rating Agency of the rating on any Class
          of
          Certificates; provided, however, each Assignment, except with respect to
          any
          Mortgage Loan for which MERS is identified on the Mortgage, shall be submitted
          for recording in the manner described above, at no expense to the Trust
          Fund or
          Trustee, upon the earliest to occur of: (i) reasonable direction by the
          Holders
          of Certificates entitled to at least 25% of the Voting Rights, (ii) the
          occurrence of a Servicer Event of Termination, (iii) the occurrence of
          a
          bankruptcy, insolvency or foreclosure relating to the Seller, (iv) the
          occurrence of a servicing transfer as described in Section 7.02 hereof,
          (v) upon
          receipt of notice from the Servicer, the occurrence of a bankruptcy, insolvency
          or foreclosure relating to the Mortgagor under the related Mortgage, (vi)
          upon
          receipt of notice from the Servicer, any Mortgage Loan that is 90 days
          or more
          Delinquent and such recordation would be necessary to facilitate conversion
          of
          the Mortgaged Property in accordance with Section 3.16 and (vii) reasonable
          direction by the NIMS Insurer. In the event of (i) through (vii) set forth
          in
          the immediately preceding sentence, the Trustee shall enforce the obligations
          of
          the Seller to deliver such Assignments for recording as provided above,
          promptly
          and in any event within 30 days following receipt of notice by the Seller.
          Notwithstanding the foregoing, if the Seller fails to pay the cost of recording
          the Assignments, such expense will be paid by the Trustee (if it reasonably
          believes it will be reimbursed) and the Trustee shall be reimbursed for
          such
          expenses by the Trust.

         

        The
          Servicer shall forward to the Custodian original documents evidencing an
          assumption, modification, consolidation or extension of any Mortgage Loan
          entered into in accordance with this Agreement within two weeks of their
          execution; provided, however, that the Servicer shall provide the Custodian
          with
          a certified true copy of any such document submitted for recordation within
          two
          weeks of its execution, and shall provide the original of any document
          submitted
          for recordation or a copy of such document certified by the appropriate
          public
          recording office to be a true and complete copy of the original within
          365 days
          of its submission for recordation. In the event that the Servicer cannot
          provide
          a copy of such document certified by the public recording office within
          such 365
          day period, the Servicer shall deliver to the Custodian, within such 365
          day
          period, an Officers’ Certificate of the Servicer which shall (A) identify the
          recorded document, (B) state that the recorded document has not been delivered
          to the Custodian due solely to a delay caused by the public recording office,
          (C) state the amount of time generally required by the applicable recording
          office to record and return a document submitted for recordation, if known
          and
          (D) specify the date the applicable recorded document is expected to be
          delivered to the Custodian, and, upon receipt of a copy of such document
          certified by the public recording office, the Servicer shall immediately
          deliver
          such document to the Custodian. In the event the appropriate public recording
          office will not certify as to the accuracy of such document, the Servicer
          shall
          deliver a copy of such document certified by an officer of the Servicer
          to be a
          true and complete copy of the original to the Custodian.

         

        The
          parties hereto understand and agree that it is not intended that any Mortgage
          Loan be included in the Trust that is a “High-Cost Home Loan” as defined by the
          Homeownership and Equity Protection Act of 1994 or any other applicable
          predatory or abusive lending laws.

         

        	SECTION
                2.02  	
                Acceptance
                  by Trustee.

              

         

        Subject
          to the provisions of Section 2.01 and subject to the review described below
          and
          any exceptions noted on the exception report described in the next paragraph
          below, the Trustee acknowledges receipt by it or the Custodian on its behalf
          of
          the documents referred to in Section 2.01 above and all other assets included
          in
          the definition of “Trust Fund” and declares that it (or the Custodian on its
          behalf) holds and will hold such documents and the other documents delivered
          to
          it constituting a Mortgage File, and that it holds or will hold all such
          assets
          and such other assets included in the definition of “Trust Fund” in trust for
          the exclusive use and benefit of all present and future
          Certificateholders.

         

        The
          Trustee agrees that it (or a Custodian will agree on its behalf) shall,
          for the
          benefit of the Certificateholders, review, or that it or a Custodian on
          its
          behalf has reviewed pursuant to Section 2.01 each Mortgage File on or prior
          to
          the Closing Date, with respect to each Mortgage Loan (or, with respect
          to any
          document delivered after the Startup Day, within 45 days of receipt and
          with
          respect to any Qualified Substitute Mortgage Loan, within 45 days after
          the
          assignment thereof). The Trustee further agrees that it or a Custodian
          on its
          behalf shall, for the benefit of the Certificateholders, certify to the
          Depositor and the Servicer (with
          a
          copy to the NIMS Insurer)
          in
          substantially the form attached hereto as Exhibit F-1, within 45 days after
          the
          Closing Date, with respect to each Mortgage Loan (or, with respect to any
          document delivered after the Startup Day, within 45 days of receipt and
          with
          respect to any Qualified Substitute Mortgage, within 45 days after the
          assignment thereof) that, as to each Mortgage Loan listed in the respective
          Mortgage Loan Schedule (other than any Mortgage Loan paid in full or any
          Mortgage Loan specifically identified in the exception report annexed thereto
          as
          not being covered by such certification), (i) all documents required to
          be
          delivered to it (or the Custodian on its behalf) pursuant to Section 2.01
          of
          this Agreement are in its possession, (ii) such documents have been reviewed
          by
          it (or the Custodian on its behalf) and have not been mutilated, damaged
          or torn
          and appear on their face to relate to such Mortgage Loan and (iii) based
          on its
          examination and only as to the foregoing, the information set forth in
          the
          Mortgage Loan Schedule that corresponds to items (1) and (3) of the Mortgage
          Loan Schedule accurately reflects information set forth in the Mortgage
          File. It
          is herein acknowledged that, in conducting such review, the Trustee (or
          the
          Custodian, as applicable) is under no duty or obligation to inspect, review
          or
          examine any such documents, instruments, certificates or other papers to
          determine that they are genuine, legally enforceable, valid or binding
          or
          appropriate for the represented purpose or that they have actually been
          recorded
          or that they are other than what they purport to be on their face.

         

        Prior
          to
          the first anniversary date of this Agreement the Trustee (or the Custodian
          on
          its behalf) shall deliver to the Depositor and the Servicer, with a copy
          to the
          NIMS Insurer a final certification in the form annexed hereto as Exhibit
          F-2,
          with any applicable exceptions noted thereon.

         

        If
          in the
          process of reviewing the Mortgage Files and making or preparing, as the
          case may
          be, the certifications referred to above, the Trustee (or the Custodian,
          as
          applicable) finds any document or documents constituting a part of a Mortgage
          File to be missing or not to conform with respect to any characteristics
          which
          are within the scope of the Trustee’s (or the Custodian’s, as applicable) review
          as provided herein, at the conclusion of its review, the Trustee shall
          so notify
          the Seller, the Depositor, the NIMS Insurer and the Servicer. In addition,
          upon
          the discovery by the Depositor, the NIMS Insurer or the Servicer (or upon
          receipt by the Trustee of written notification of such breach) of a breach
          of
          any of the representations and warranties made by the Seller in the Mortgage
          Loan Purchase Agreement in respect of any Mortgage Loan which materially
          adversely affects such Mortgage Loan or the interests of the related
          Certificateholders in such Mortgage Loan, the party discovering such breach
          shall give prompt written notice to the NIMS Insurer and the other parties
          to
          this Agreement.

         

        Notwithstanding
          anything to the contrary in this Agreement, in no event shall the Trustee
          be
          liable to any party hereto or to any third party for the performance of
          any
          custody-related functions, including without limitation with respect to
          which
          the Custodian shall fail to take action on behalf of the Trustee or failure
          by
          the Custodian to perform any custody related functions in the event the
          Custodian shall fail to satisfy all the related requirements under this
          Agreement or the Custodial Agreement.

         

        The
          Depositor and the Trustee intend that the assignment and transfer herein
          contemplated constitute a sale of the Mortgage Loans, the related Mortgage
          Notes
          and the related documents, conveying good title thereto free and clear
          of any
          liens and encumbrances, from the Depositor to the Trustee in trust for
          the
          benefit of the Certificateholders and that such property not be part of
          the
          Depositor’s estate or property of the Depositor in the event of any insolvency
          by the Depositor. In the event that such conveyance is deemed to be, or
          to be
          made as security for, a loan, the parties intend that the Depositor shall
          be
          deemed to have granted and does hereby grant to the Trustee a first priority
          perfected security interest in all of the Depositor’s right, title and interest
          in and to the Mortgage Loans, the related Mortgage Notes and the related
          documents, and that this Agreement shall constitute a security agreement
          under
          applicable law.

         

        The
          Trustee is hereby authorized and directed by the Depositor to execute and
          deliver Transaction Addendum FFMLT 2006-FF16 to the Master Consulting Agreement
          with the Credit Risk Manager.

         

        	SECTION
                2.03  	
                Repurchase
                  or Substitution of Mortgage Loans by the
                  Seller.

              

         

        (a)  Upon
          discovery or receipt of written notice of any materially defective document
          in,
          or that a document is missing from, a Mortgage File or of the breach by
          the
          Seller of any representation, warranty or covenant under the Mortgage Loan
          Purchase Agreement, as applicable, in respect of any Mortgage Loan which
          materially adversely affects the value of such Mortgage Loan or the interest
          therein of the Certificateholders, the Trustee (or the Custodian on its
          behalf)
          shall promptly notify the NIMS Insurer and the Servicer of such defect,
          missing
          document or breach and the Servicer shall request that the Seller deliver
          such
          missing document or that the Seller cure such defect or breach within 90
          days
          from the date the Seller was notified of such missing document, defect
          or
          breach, and if the Seller does not deliver such missing document or cure
          such
          defect or breach in all material respects during such period, the Servicer
          shall
          use commercially reasonable efforts to attempt to enforce the Seller’s
          obligation under the Mortgage Loan Purchase Agreement and notify the Seller
          of
          its obligation to repurchase such Mortgage Loan from the Trust Fund at
          the
          Purchase Price on or prior to the Determination Date following the expiration
          of
          such 90 day period (subject to Section 2.03(e)); provided that, in connection
          with any such breach that could not reasonably have been cured within such
          120
          day period, if the Seller has commenced to cure such breach within such
          120 day
          period, the Seller shall be permitted to proceed thereafter diligently
          and
          expeditiously to cure the same within the additional period provided under
          the
          Mortgage Loan Purchase Agreement. The Purchase Price for the repurchased
          Mortgage Loan shall be remitted to the Servicer for deposit in the Collection
          Account, and the Trustee (or the Custodian on behalf of the Trustee), upon
          receipt of written certification from the Servicer of such deposit, shall
          release to the Seller the related Mortgage File and shall execute and deliver
          such instruments of transfer or assignment, in each case without recourse,
          as
          the Seller shall furnish to it and as shall be necessary to vest in the
          Seller
          any Mortgage Loan released pursuant hereto and the Trustee shall have no
          further
          responsibility with regard to such Mortgage File (it being understood that
          neither the Trustee nor the Custodian shall have any responsibility for
          determining the sufficiency of such assignment for its intended purpose).
          In
          lieu of repurchasing any such Mortgage Loan as provided above, the Seller
          may
          cause such Mortgage Loan to be removed from the Trust Fund (in which case
          it
          shall become a Deleted Mortgage Loan) and substitute one or more Qualified
          Substitute Mortgage Loans in the manner and subject to the limitations
          set forth
          in Section 2.03(d); provided, however, the Seller may not substitute for
          any
          Mortgage Loan which breaches a representation or warranty regarding abusive
          or
          predatory lending laws. In furtherance of the foregoing, if the Seller
          is not a
          member of MERS and repurchases a Mortgage Loan which is registered on the
          MERS®
System, the Seller, at its own expense and without any right of reimbursement,
          shall cause MERS to execute and deliver an assignment of the Mortgage in
          recordable form to transfer the Mortgage from MERS to the Seller and shall
          cause
          such Mortgage to be removed from registration on the MERS® System in accordance
          with MERS’ rules and regulations. It is understood and agreed that the
          obligation of the Seller to cure or to repurchase (or to substitute for)
          any
          Mortgage Loan as to which a document is missing, a material defect in a
          constituent document exists or as to which such a breach has occurred and
          is
          continuing shall constitute the sole remedy against the Seller respecting
          such
          omission, defect or breach available to the Trustee on behalf of the
          Certificateholders.

         

        (b)  Within
          90
          days of the earlier of discovery by the Depositor or receipt of notice
          by the
          Depositor of the breach of any representation, warranty or covenant of
          the
          Depositor set forth in Section 2.06, which materially and adversely affects
          the
          interests of the Certificateholders in any Mortgage Loan, the Depositor
          shall
          cure such breach in all material respects.. 

         

        (c)  Within
          90
          days of the earlier of discovery by the Servicer or receipt of notice by
          the
          Servicer of the breach of any representation, warranty or covenant of the
          Servicer set forth in Section 2.05 which materially and adversely affects
          the
          interests of the Certificateholders in any Mortgage Loan, the Servicer
          shall
          cure such breach in all material respects.

         

        (d)  Any
          substitution of Qualified Substitute Mortgage Loans for Deleted Mortgage
          Loans
          made pursuant to Section 2.03(a) must be effected prior to the last Business
          Day
          that is within two years after the Closing Date. As to any Deleted Mortgage
          Loan
          for which the Seller substitutes a Qualified Substitute Mortgage Loan or
          Loans,
          such substitution shall be effected by the Seller delivering to the Trustee
          (or
          the Custodian on behalf of the Trustee), for such Qualified Substitute
          Mortgage
          Loan or Loans, the Mortgage Note, the Mortgage and the Assignment to the
          Trustee
          in blank, and such other documents and agreements, with all necessary
          endorsements thereon, as are required by Section 2.01, together with an
          Officers’ Certificate providing that each such Qualified Substitute Mortgage
          Loan satisfies the definition thereof and specifying the Substitution Adjustment
          (as described below), if any, in connection with such substitution. The
          Trustee
          (or the Custodian on behalf of the Trustee) shall acknowledge receipt for
          such
          Qualified Substitute Mortgage Loan or Loans and, within 45 days thereafter,
          shall review such documents as specified in Section 2.02 and deliver, with
          respect to such Qualified Substitute Mortgage Loan or Loans, a certification
          substantially in the form attached hereto as Exhibit F-1 (with a copy to
          the
          NIMS Insurer), with any applicable exceptions noted thereon. Within one
          year of
          the date of substitution, the Trustee (or the Custodian on behalf of the
          Trustee) shall deliver to the Servicer a certification substantially in
          the form
          of Exhibit F-2 hereto (with a copy to the NIMS Insurer) with respect to
          such
          Qualified Substitute Mortgage Loan or Loans, with any applicable exceptions
          noted thereon. Monthly Payments due with respect to Qualified Substitute
          Mortgage Loans in the month of substitution are not part of the Trust Fund
          and
          will be retained by the Seller. For the month of substitution, distributions
          to
          Certificateholders will reflect the collections and recoveries in respect
          of
          such Deleted Mortgage Loan in the Due Period preceding the month of substitution
          and the Seller shall thereafter be entitled to retain all amounts subsequently
          received in respect of such Deleted Mortgage Loan. The Depositor shall
          give or
          cause to be given written notice to the NIMS Insurer and the Trustee, who
          shall
          forward such notice to the Certificateholders, that such substitution has
          taken
          place, shall amend the Mortgage Loan Schedule to reflect the removal of
          such
          Deleted Mortgage Loan from the terms of this Agreement and the substitution
          of
          the Qualified Substitute Mortgage Loan or Loans and shall deliver a copy
          of such
          amended Mortgage Loan Schedule to the NIMS Insurer and the Trustee. Upon
          such
          substitution by the Seller, such Qualified Substitute Mortgage Loan or
          Loans
          shall constitute part of the Mortgage Pool and shall be subject in all
          respects
          to the terms of this Agreement and the Mortgage Loan Purchase Agreement,
          including all applicable representations and warranties thereof included
          in the
          Mortgage Loan Purchase Agreement as of the date of substitution.

         

        For
          any
          month in which the Seller substitutes one or more Qualified Substitute
          Mortgage
          Loans for one or more Deleted Mortgage Loans, the Servicer will determine
          the
          amount (the “Substitution Adjustment”), if any, by which the aggregate Purchase
          Price of all such Deleted Mortgage Loans exceeds the aggregate, as to each
          such
          Qualified Substitute Mortgage Loan, of the Stated Principal Balance thereof
          as
          of the date of substitution, together with one month’s interest on such Stated
          Principal Balance at the applicable Mortgage Rate. On the date of such
          substitution, the Seller will deliver or cause to be delivered to the Servicer
          for deposit in the Collection Account an amount equal to the Substitution
          Adjustment, if any, and the Trustee (or the Custodian on behalf of the
          Trustee),
          upon receipt of the related Qualified Substitute Mortgage Loan or Loans
          and
          certification by the Servicer of such deposit, shall release to the Seller
          the
          related Mortgage File or Files and shall execute and deliver such instruments
          of
          transfer or assignment, in each case without recourse, as the Seller shall
          deliver to it and as shall be necessary to vest therein any Deleted Mortgage
          Loan released pursuant hereto.

         

        In
          addition, the Seller shall obtain at its own expense and deliver to the
          Trustee
          and the NIMS Insurer an Opinion of Counsel to the effect that such substitution
          will not cause (a) any federal tax to be imposed on the Trust Fund, including
          without limitation, any federal tax imposed on “prohibited transactions” under
          Section 860F(a)(I) of the Code or on “contributions after the startup date”
under Section 860G(d)(I) of the Code or (b) any REMIC to fail to qualify
          as a
          REMIC at any time that any Certificate is outstanding. If such Opinion
          of
          Counsel can not be delivered, then such substitution may only be effected
          at
          such time as the required Opinion of Counsel can be given.

         

        (e)  Upon
          discovery by the Depositor, the Servicer, the NIMS Insurer or the Trustee
          that
          any Mortgage Loan does not constitute a “qualified mortgage” within the meaning
          of Section 860G(a)(3) of the Code, the party discovering such fact shall
          within
          two Business Days give written notice thereof to the other parties hereto.
          In
          connection therewith, the Seller or the Depositor, as the case may be,
          shall
          repurchase or, subject to the limitations set forth in Section 2.03(d),
          substitute one or more Qualified Substitute Mortgage Loans for the affected
          Mortgage Loan within 90 days of the earlier of discovery or receipt of
          such
          notice with respect to such affected Mortgage Loan. Such repurchase or
          substitution shall be made (i) by the Seller if the affected Mortgage Loan’s
          status as a non-qualified mortgage is or results from a breach of any
          representation, warranty or covenant made by the Seller under the Mortgage
          Loan
          Purchase Agreement or (ii) the Depositor, if the affected Mortgage Loan’s status
          as a non-qualified mortgage is a breach of any representation or warranty
          of the
          Depositor set forth in Section 2.06, or if its status as a non-qualified
          mortgage is a breach of no representation or warranty. Any such repurchase
          or
          substitution shall be made in the same manner as set forth in Section 2.03(a)
          or
          2.03(d), if made by the Seller, or Section 2.03(b), if made by the Depositor.
          The Trustee (or the Custodian on behalf of the Trustee) shall reconvey
          to the
          Depositor or the Seller, as the case may be, the Mortgage Loan to be released
          pursuant hereto in the same manner, and on the same terms and conditions,
          as it
          would a Mortgage Loan repurchased for breach of a representation or
          warranty.

         

        	SECTION
                2.04  	
                Intentionally
                  Omitted.

              

         

        	SECTION
                2.05  	
                Representations,
                  Warranties and Covenants of the Servicer.

              

         

        The
          Servicer hereby represents, warrants and covenants to the Trustee, for
          the
          benefit of each of the Trustee and the Certificateholders, and to the Depositor,
          that as of the Closing Date or as of such date specifically provided
          herein:

         

        (i)  The
          Servicer is a corporation duly organized, validly existing and in good
          standing
          under the laws of Delaware and is an operating subsidiary of National City
          Bank.
          As a national bank operating subsidiary, it is regulated by the Office
          of the
          Comptroller of the Currency and is subject to applicable laws and regulations.
          Servicer is authorized to service the related Mortgage Loans in accordance
          with
          the terms of this Agreement and to carry on its business as now being conducted
          as an operating subsidiary of a national bank. The Servicer has the full
          corporate power and authority to execute and deliver this Agreement and
          to
          perform in accordance herewith; the execution, delivery and performance
          of this
          Agreement by the Servicer and the consummation of the transactions
          contemplated hereby have been duly and validly authorized; this Agreement
          evidences the valid, binding and enforceable obligation of the Servicer,
          regardless of whether such enforcement is sought in equity or at law; and
          all
          requisite corporate action has been taken by the Servicer to make this
          Agreement
          valid and binding upon the Servicer in accordance with its terms, subject
          to (1)
          bankruptcy, reorganization, insolvency, moratorium or other similar laws
          now or
          hereafter in effect relating to creditors’ rights generally, including, without
          limitation, the effect of statutory or ether laws regarding fraudulent
          conveyances or preferential transfers, and (2) general principles of equity
          and
          public policy upon the specific enforceability of any of the remedies,
          covenants
          or other provisions of the Agreement and upon the availability of injunctive
          relief or other equitable remedies and the application of principles of
          equity
          (regardless of whether such enforceability is considered in a proceeding
          in
          equity or at law) as such principles relate to, limit or affect the enforcement
          of creditors’ rights generally and the discretion of the court before which any
          proceeding for such enforcement may be brought;

         

        (ii)  The
          consummation of the transactions contemplated by this Agreement are in
          the
          ordinary course of business of the Servicer and will not result in the
          material
          breach of any term or provision of the charter or by-laws of the Servicer
          or
          result in the breach of any term or provision of, or conflict with or constitute
          a default under or result in the acceleration of any obligation under,
          any
          agreement, indenture or loan or credit agreement or other instrument to
          which
          the Servicer or its property is subject, or result in the violation of
          any law,
          rule, regulation, order, judgment or decree to which the Servicer or its
          property is subject;

         

        (iii)  The
          execution and delivery of this Agreement by the Servicer and the performance
          and
          compliance with its obligations and covenants hereunder do not require
          the
          consent or approval of any governmental authority or, if such consent or
          approval is required, it has been obtained;

         

        (iv)  [Reserved];

         

        (v)  The
          Servicer does not believe, nor does it have any reason or cause to believe,
          that
          it cannot perform each and every covenant contained in this
          Agreement;

         

        (vi)  There
          is
          no action, suit, proceeding or investigation pending or, to its knowledge,
          threatened against the Servicer that, either individually or in the aggregate,
          (A) may result in any change in the business, operations, financial condition,
          properties or assets of the Servicer that might prohibit or materially
          and
          adversely affect the performance by such Servicer of its obligations under,
          or
          the validity or enforceability of, this Agreement, or (B) may result in
          any
          material impairment of the right or ability of the Servicer to carry on
          its
          business substantially as now conducted, or (C) would draw into question
          the
          validity or enforceability of this Agreement or of any action taken or
          to be
          taken in connection with the obligations of the Servicer contemplated herein,
          or
          (D) would otherwise be likely to impair materially the ability of the Servicer
          to perform under the terms of this Agreement;

         

        (vii)  Neither
          this Agreement nor any information, certificate of an officer, statement
          furnished in writing or report delivered to the Trustee by the Servicer
          in
          connection with the transactions contemplated hereby contains any untrue
          statement of a material fact;

         

        (viii)  The
          Servicer will not waive any Prepayment Charge unless it is waived in accordance
          with the standard set forth in Section 3.01; and

         

        (ix)  The
          Servicer has accurately and fully reported, and will continue to accurately
          and
          fully report on a monthly basis, its borrower credit files to each of the
          three
          national credit repositories in a timely manner.

         

        It
          is
          understood and agreed that the representations, warranties and covenants
          set
          forth in this Section 2.05 shall survive delivery of the Mortgage Files
          to the
          Trustee (or the Custodian on behalf of the Trustee) and shall inure to
          the
          benefit of the Trustee, the Depositor and the Certificateholders. Upon
          discovery
          by any of the Depositor, the NIMS Insurer, the Servicer or the Trustee
          of a
          breach of any of the foregoing representations, warranties and covenants
          which
          materially and adversely affects the value of any Mortgage Loan, Prepayment
          Charge or the interests therein of the Certificateholders, the party discovering
          such breach shall give prompt written notice (but in no event later than
          two
          Business Days following such discovery) to the Servicer, the NIMS Insurer
          and
          the Trustee. Notwithstanding the foregoing, within 90 days of the earlier
          of
          discovery by the Servicer or receipt of notice by the Servicer of the breach
          of
          the representation or covenant of the Servicer set forth in Section 2.05(viii)
          above which materially and adversely affects the interests of the Holders
          of the
          Class P Certificates in any Prepayment Charge, the Servicer must pay the
          amount
          of such waived Prepayment Charge, for the benefit of the Holders of the
          Class P
          Certificates, by depositing such amount into the Collection Account. The
          foregoing shall not, however, limit any remedies available to the
          Certificateholders, the Depositor or the Trustee on behalf of the
          Certificateholders, pursuant to the Mortgage Loan Purchase Agreement respecting
          a breach of the representations, warranties and covenants of the
          Seller.

         

        	SECTION
                2.06  	
                Representations
                  and Warranties of the Depositor.

              

         

        The
          Depositor represents and warrants to the Trust, the Servicer and the Trustee
          on
          behalf of the Certificateholders as follows:

         

        (i)  This
          agreement constitutes a legal, valid and binding obligation of the Depositor,
          enforceable against the Depositor in accordance with its terms, except
          as
          enforceability may be limited by applicable bankruptcy, insolvency,
          reorganization, moratorium or other similar laws now or hereafter in effect
          affecting the enforcement of creditors’ rights in general and except as such
          enforceability may be limited by general principles of equity (whether
          considered in a proceeding at law or in equity);

         

        (ii)   Immediately
          prior to the sale and assignment by the Depositor to the Trustee on behalf
          of
          the Trust of each Mortgage Loan, the Depositor had good and marketable
          title to
          each Mortgage Loan (insofar as such title was conveyed to it by the Seller)
          subject to no prior lien, claim, participation interest, mortgage, security
          interest, pledge, charge or other encumbrance or other interest of any
          nature;

         

        (iii)  As
          of the
          Closing Date, the Depositor has transferred all right, title and interest
          in the
          Mortgage Loans to the Trustee on behalf of the Trust;

         

        (iv)  The
          Depositor has not transferred the Mortgage Loans to the Trustee on behalf
          of the
          Trust with any intent to hinder, delay or defraud any of its
          creditors;

         

        (v)  The
          Depositor has been duly incorporated and is validly existing as a corporation
          in
          good standing under the laws of Delaware, with full corporate power and
          authority to own its assets and conduct its business as presently being
          conducted;

         

        (vi)  The
          Depositor is not in violation of its articles of incorporation or by-laws
          or in
          default in the performance or observance of any material obligation, agreement,
          covenant or condition contained in any contract, indenture, mortgage, loan
          agreement, note, lease or other instrument to which the Depositor is a
          party or
          by which it or its properties may be bound, which default might result
          in any
          material adverse changes in the financial condition, earnings, affairs
          or
          business of the Depositor or which might materially and adversely affect
          the
          properties or assets, taken as a whole, of the Depositor;

         

        (vii)  The
          execution, delivery and performance of this Agreement by the Depositor,
          and the
          consummation of the transactions contemplated thereby, do not and will
          not
          result in a material breach or violation of any of the terms or provisions
          of,
          or, to the knowledge of the Depositor, constitute a default under, any
          indenture, mortgage, deed of trust, loan agreement or other agreement or
          instrument to which the Depositor is a party or by which the Depositor
          is bound
          or to which any of the property or assets of the Depositor is subject,
          nor will
          such actions result in any violation of the provisions of the articles
          of
          incorporation or by-laws of the Depositor or, to the best of the Depositor’s
          knowledge without independent investigation, any statute or any order,
          rule or
          regulation of any court or governmental agency or body having jurisdiction
          over
          the Depositor or any of its properties or assets (except for such conflicts,
          breaches, violations and defaults as would not have a material adverse
          effect on
          the ability of the Depositor to perform its obligations under this
          Agreement);

         

        (viii)  To
          the
          best of the Depositor’s knowledge without any independent investigation, no
          consent, approval, authorization, order, registration or qualification
          of or
          with any court or governmental agency or body of the United States or any
          other
          jurisdiction is required for the issuance of the Certificates, or the
          consummation by the Depositor of the other transactions contemplated by
          this
          Agreement, except such consents, approvals, authorizations, registrations
          or
          qualifications as (a) may be required under State securities or Blue Sky
          laws,
          (b) have been previously obtained or (c) the failure of which to obtain
          would
          not have a material adverse effect on the performance by the Depositor
          of its
          obligations under, or the validity or enforceability of, this Agreement;
          and

         

        (ix)  There
          are
          no actions, proceedings or investigations pending before or, to the Depositor’s
          knowledge, threatened by any court, administrative agency or other tribunal
          to
          which the Depositor is a party or of which any of its properties is the
          subject:
          (a) which if determined adversely to the Depositor would have a material
          adverse
          effect on the business, results of operations or financial condition of
          the
          Depositor; (b) asserting the invalidity of this Agreement or the Certificates;
          (c) seeking to prevent the issuance of the Certificates or the consummation
          by
          the Depositor of any of the transactions contemplated by this Agreement,
          as the
          case may be; or (d) which might materially and adversely affect the performance
          by the Depositor of its obligations under, or the validity or enforceability
          of,
          this Agreement. 

         

        	SECTION
                2.07  	
                Issuance
                  of Certificates.

              

         

        The
          Trustee (or the Custodian on behalf of the Trustee) acknowledges the assignment
          to it of the Mortgage Loans and the delivery to it (or the Custodian on
          behalf
          of the Trustee) of the Mortgage Files, subject to any exceptions noted
          by the
          Custodian in its exception report delivered pursuant to Section 2.02, together
          with the assignment to it of all other assets included in the Trust Fund,
          receipt of which is hereby acknowledged. Concurrently with such assignment
          and
          delivery and in exchange therefor, the Trustee, pursuant to the written
          request
          of the Depositor executed by an officer of the Depositor, has executed,
          authenticated and delivered to or upon the order of the Depositor, the
          Certificates in authorized denominations. The interests evidenced by the
          Certificates constitute the entire beneficial ownership interest in the
          Trust
          Fund.

         

        	SECTION
                2.08  	
                Authorization
                  to Enter into Basis Risk Cap Agrement, Interest Rate Cap Agreement
                  and
                  Interest Rate Swap Agreement.

              

         

        (a)  The
          Trustee is hereby directed to execute and deliver the Basis Risk Cap Agreement
          on behalf of Party B (as defined therein) and to exercise the rights, perform
          the obligations, and make the representations of Party B thereunder, solely
          in
          its capacity as Trustee on behalf of Party B (as defined therein) and not
          in its
          individual capacity. The Servicer, the Depositor and the Certificateholders
          (by
          acceptance of their Certificates) acknowledge and agree that (i) the Trustee
          shall execute and deliver the Basis Risk Cap Agreement on behalf of Party
          B (as
          defined therein), (ii) the Trustee shall exercise the rights, perform the
          obligations, and make the representations of Party B thereunder, solely
          in its
          capacity as Trustee on behalf of Party B (as defined therein) and not in
          its
          individual capacity, and (iii) the Trustee shall be entitled to exercise
          the
          rights and obligated to perform the obligations of Party B under the Basis
          Risk
          Cap Agreement.

         

        (b)  The
          Trustee (in its capacity as Cap Trustee) is hereby directed to execute
          and
          deliver the Interest Rate Cap Agreement on behalf of Party B (as defined
          therein) and to exercise the rights, perform the obligations, and make
          the
          representations of Party B thereunder, solely in its capacity as Cap Trustee
          on
          behalf of Party B (as defined therein) and not in its individual capacity.
          The
          Servicer, the Depositor and the Certificateholders (by acceptance of their
          Certificates) acknowledge and agree that (i) the Trustee (in its capacity
          as Cap
          Trustee) shall execute and deliver the Interest Rate Cap Agreement on behalf
          of
          Party B (as defined therein), (ii) the Trustee (in its capacity as Cap
          Trustee)
          shall exercise the rights, perform the obligations, and make the representations
          of Party B thereunder, solely in its capacity as Cap Trustee on behalf
          of Party
          B (as defined therein) and not in its individual capacity, and (iii) the
          Trustee
          (in its capacity as Cap Trustee) shall be entitled to exercise the rights
          and
          obligated to perform the obligations of Party B under the Interest Rate
          Cap
          Agreement.

         

        (c)  The
          Trustee (in its capacity as Supplemental Interest Trust Trustee) is hereby
          directed to execute and deliver the Interest Rate Swap Agreement on behalf
          of
          Party B (as defined therein) and to exercise the rights, perform the
          obligations, and make the representations of Party B thereunder, solely
          in its
          capacity as Supplemental Interest Trust Trustee on behalf of Party B (as
          defined
          therein) and not in its individual capacity. The Servicer, the Depositor
          and the
          Certificateholders (by acceptance of their Certificates) acknowledge and
          agree
          that (i) the Trustee (in its capacity as Supplemental Interest Trust Trustee)
          shall execute and deliver the Interest Rate Swap Agreement on behalf of
          Party B
          (as defined therein), (ii) the Trustee (in its capacity as Supplemental
          Interest
          Trust Trustee) shall exercise the rights, perform the obligations, and
          make the
          representations of Party B thereunder, solely in its capacity as Supplemental
          Interest Trust Trustee on behalf of Party B (as defined therein) and not
          in its
          individual capacity, and (iii) the Trustee (in its capacity as Supplemental
          Interest Trust Trustee) shall be entitled to exercise the rights and obligated
          to perform the obligations of Party B under the Interest Rate Swap
          Agreement

         

        	SECTION
                2.09  	
                Acceptance
                  of REMIC 1, REMIC 2, REMIC 3, REMIC 4, REMIC 5 and REMIC 6 by the
                  Trustee;
                  Conveyance of REMIC 1 Regular Interests, Class C Interest and Class
                  P
                  Interest; Issuance of Certificates.

              

         

        (a)  The
          Depositor, concurrently with the execution and delivery hereof, does hereby
          transfer, assign, set over and otherwise convey in trust to the Trustee
          without
          recourse all the right, title and interest of the Depositor in and to the
          assets
          described in the definition of REMIC 1 for the benefit of the holders of
          the
          REMIC 1 Regular Interests (which are uncertificated) and the Class R
          Certificates (in respect of the Class R-1 Interest). The Trustee acknowledges
          receipt of the assets described in the definition of REMIC 1 and declares
          that
          it holds and will hold the same in trust for the exclusive use and benefit
          of
          the holders of the REMIC 1 Regular Interests and the Class R Certificates
          (in
          respect of the Class R-1 Interest). The interests evidenced by the Class
          R-1
          Interest, together with the REMIC 1 Regular Interests, constitute the entire
          beneficial ownership interest in REMIC 1.

         

        (b)  The
          Depositor concurrently with the execution and delivery hereof, does hereby
          transfer, assign, set over and otherwise convey in trust to the Trustee
          without
          recourse all the right, title and interest of the Depositor in and to the
          REMIC
          1 Regular Interests for the benefit of the holders of the REMIC 2 Regular
          Interests (which are uncertificated) and the Class R Certificates (in respect
          of
          the Class R-2 Interest). The Trustee acknowledges receipt of the REMIC
          1 Regular
          Interests and declares that it holds and will hold the same in trust for
          the
          exclusive use and benefit of the holders of the REMIC 2 Regular Interests
          and
          the Class R Certificates (in respect of the Class R-2 Interest). The interests
          evidenced by the Class R-2 Interest, together with the REMIC 2 Regular
          Interests, constitute the entire beneficial ownership interest in REMIC
          2.

         

        (c)  The
          Depositor, concurrently with the execution and delivery hereof, does hereby
          transfer, assign, set over and otherwise convey in trust to the Trustee
          without
          recourse all the right, title and interest of the Depositor in and to the
          REMIC
          2 Regular Interests (which are uncertificated) for the benefit of the Holders
          of
          the Regular Certificates (other than the Class C Certificates or the Class
          P
          Certificates), the Class C Interest, the Class P Interest, the Class IO
          Interest
          and the Class R Certificates (in respect of the Class R-3 Interest). The
          Trustee
          acknowledges receipt of the REMIC 2 Regular Interests and declares that
          it holds
          and will hold the same in trust for the exclusive use and benefit of the
          Holders
          of the Regular Certificates (other than the Class C Certificates or Class
          P
          Certificates), the Class C Interest, the Class P Interest, the Class IO
          Interest
          and the Class R Certificates (in respect of the Class R-3 Interest). The
          interests evidenced by the Class R-3 Interest, together with the Regular
          Certificates (other than the Class C Certificates or Class P Certificates)
          the
          Class C Interest, the Class P Interest and the Class IO Interest, constitute
          the
          entire beneficial ownership interest in REMIC 3.

         

        (d)  The
          Depositor concurrently with the execution and delivery hereof, does hereby
          transfer, assign, set over and otherwise convey in trust to the Trustee
          without
          recourse all the right, title and interest of the Depositor in and to the
          Class
          C Interest (which is uncertificated) for the benefit of the Holders of
          the Class
          C Certificates and the Class R-X Certificates (in respect of the Class
          R-4
          Interest). The Trustee acknowledges receipt of the Class C Interest and
          declares
          that it holds and will hold the same in trust for the exclusive use and
          benefit
          of the Holders of the Class C Certificates and the Class R-X Certificates
          (in
          respect of the Class R-4 Interest). The interests evidenced by the Class
          R-4
          Interest, together with the Class C Certificates, constitute the entire
          beneficial ownership interest in REMIC 4.

         

        (e)  The
          Depositor concurrently with the execution and delivery hereof, does hereby
          transfer, assign, set over and otherwise convey in trust to the Trustee
          without
          recourse all the right, title and interest of the Depositor in and to the
          Class
          P Interest (which is uncertificated) for the benefit of the Holders of
          the Class
          P Certificates and the Class R-X Certificates (in respect of the Class
          R-5
          Interest). The Trustee acknowledges receipt of the Class P Interest and
          declares
          that it holds and will hold the same in trust for the exclusive use and
          benefit
          of the Holders of the Class P Certificates and the Class R-X Certificates
          (in
          respect of the Class R-5 Interest). The interests evidenced by the Class
          R-5
          Interest, together with the Class P Certificates, constitute the entire
          beneficial ownership interest in REMIC 5.

         

        (f)  The
          Depositor concurrently with the execution and delivery hereof, does hereby
          transfer, assign, set over and otherwise convey in trust to the Trustee
          without
          recourse all the right, title and interest of the Depositor in and to the
          SWAP
          IO Interest (which is uncertificated) for the benefit of the Holders of
          the
          REMIC 6 Regular Interest SWAP IO and the Class R-X Certificates (in respect
          of
          the Class R-6 Interest). The Trustee acknowledges receipt of the Class
          IO
          Interest and declares that it holds and will hold the same in trust for
          the
          exclusive use and benefit of the Holders of the REMIC 6 Regular Interest
          SWAP IO
          and the Class R-X Certificates (in respect of the Class R-6 Interest).
          The
          interests evidenced by the Class R-6 Interest, together with the REMIC
          6 Regular
          Interest SWAP IO, constitute the entire beneficial ownership interest in
          REMIC
          6.

         

        (g)  Concurrently
          with (i) the assignment and delivery to the Trustee of REMIC 1 and the
          acceptance by the Trustee thereof, pursuant to Section 2.01, Section 2.02
          and
          subsection (a) hereof, (ii) the assignment and delivery to the Trustee
          of REMIC
          2 (including the Residual Interest therein represented by the Class R-2
          Interest) and the acceptance by the Trustee thereof, pursuant to subsection
          (b)
          hereof, (iii) the assignment and delivery to the Trustee of REMIC 3 (including
          the Residual Interest therein represented by the Class R-3 Interest) and
          the
          acceptance by the Trustee thereof, pursuant to subsection (c) hereof, (iv)
          the
          assignment and delivery to the Trustee of REMIC 4 (including the Residual
          Interest therein represented by the Class R-4 Interest) and the acceptance
          by
          the Trustee thereof, pursuant to subsection (d) hereof, (v) the assignment
          and
          delivery to the Trustee of REMIC 5 (including the Residual Interest therein
          represented by the Class R-5 Interest) and the acceptance by the Trustee
          thereof, pursuant to subsection (e) hereof, and (vi) the assignment and
          delivery
          to the Trustee of REMIC 6 (including the Residual Interest therein represented
          by the Class R-6 Interest) and the acceptance by the Trustee thereof, pursuant
          to subsection (f) hereof, the Trustee, pursuant to the written request
          of the
          Depositor executed by an officer of the Depositor, has executed, authenticated
          and delivered to or upon the order of the Depositor, (A) the Class R
          Certificates in authorized denominations evidencing the Class R-1 Interest,
          the
          Class R-2 Interest and the Class R-3 Interest and (B) the Class R-X Certificates
          in authorized denominations evidencing the Class R-4 Interest, the Class
          R-5
          Interest and the Class R-6 Interest.

         

        

         

         

         

        
          
             

          

          
             

            
              

            

          

          
             

          

        

        
ARTICLE
          III

         

        ADMINISTRATION
          AND SERVICING OF
          THE
          MORTGAGE LOANS

         

        	SECTION
                3.01  	
                Servicer
                  to Act as Servicer.

              

         

        The
          Servicer shall service and administer the Mortgage Loans on behalf of the
          Trust
          and in the best interests of and for the benefit of the Certificateholders
          (as
          determined by the Servicer in its reasonable judgment) in accordance with
          the
          terms of this Agreement and the Mortgage Loans and, to the extent consistent
          with such terms, in the same manner in which it services and administers
          similar
          mortgage loans for its own portfolio, giving due consideration to customary
          and
          usual standards of practice of mortgage lenders and loan servicers administering
          similar mortgage loans but without regard to:

         

        (i)  any
          relationship that the Servicer, any Sub-Servicer or any Affiliate of the
          Servicer or any Sub-Servicer may have with the related Mortgagor;

         

        (ii)  the
          ownership or non-ownership of any Certificate by the Servicer or any Affiliate
          of the Servicer;

         

        (iii)  the
          Servicer’s obligation to make Advances or Servicing Advances; or

         

        (iv)  the
          Servicer’s or any Sub-Servicer’s right to receive compensation for its services
          hereunder or with respect to any particular transaction (the “Servicing
          Standard”). 

         

        To
          the
          extent consistent with the foregoing, the Servicer (a) shall seek the timely
          and
          complete recovery of principal and interest on the Mortgage Notes and (b)
          shall
          waive (or permit a Sub-Servicer to waive) a Prepayment Charge only under
          the
          following circumstances: (i) such waiver is standard and customary in servicing
          similar Mortgage Loans and (ii) such waiver relates to a default or a reasonably
          foreseeable default and would, in the reasonable judgment of the Servicer,
          maximize recovery of total proceeds taking into account the value of such
          Prepayment Charge and the related Mortgage Loan or (iii) the collection
          of such
          Prepayment Charge would be in violation of applicable laws. If a Prepayment
          Charge is waived as permitted by meeting the standard described in clause
          (iii)
          above, then the Servicer shall make commercially reasonable efforts to
          enforce
          the Trustee’s rights under the Mortgage Loan Purchase Agreement including the
          obligation of the Seller to pay the amount of such waived Prepayment Charge
          to
          the Servicer for deposit in the Collection Account for the benefit of the
          Holders of the Class P Certificates. If the Servicer makes a good faith
          determination that the Servicer’s efforts are not reasonably expected to be
          successful in enforcing such rights, it shall notify the Trustee of such
          failure, and the Trustee, with the cooperation of the Servicer, shall enforce
          the obligation of the Seller under the Mortgage Loan Purchase Agreement
          to pay
          to the Servicer the amount of such waived Prepayment Charge. If the Seller
          fails
          to pay the amount of such waived Prepayment Charge in accordance with its
          obligations under the Mortgage Loan Purchase Agreement, the Trustee, the
          Servicer and the Depositor shall consult on further actions to be taken
          against
          the Seller. Subject only to the above-described servicing standards and
          the
          terms of this Agreement and of the Mortgage Loans, the Servicer shall have
          full
          power and authority, acting alone or through Sub-Servicers as provided
          in
          Section 3.02, to do or cause to be done any and all things in connection
          with
          such servicing and administration which it may deem necessary or desirable.
          Without limiting the generality of the foregoing, the Servicer, in the
          name of
          the Trust Fund, is hereby authorized and empowered by the Trustee when
          the
          Servicer believes it appropriate in its best judgment in accordance with
          the
          Servicing Standard, to execute and deliver, on behalf of the Certificateholders
          and the Trustee, any and all instruments of satisfaction or cancellation,
          or of
          partial or full release or discharge, and all other comparable instruments,
          with
          respect to the Mortgage Loans and the Mortgaged Properties and to institute
          foreclosure proceedings or obtain a deed-in-lieu of foreclosure so as to
          convert
          the ownership of such properties, and to hold or cause to be held title
          to such
          properties, on behalf of the Trustee and Certificateholders. The Servicer
          shall
          service and administer the Mortgage Loans in accordance with applicable
          state
          and federal law and shall provide to the Mortgagors any reports required
          to be
          provided to them thereby. The Servicer shall also comply in the performance
          of
          this Agreement with all reasonable rules and requirements of each insurer
          under
          any standard hazard insurance policy. Subject to Section 3.17, on the Closing
          Date, the Trustee shall execute and furnish to the Servicer and any Sub-Servicer
          any special or limited powers of attorney and other documents necessary
          or
          appropriate to enable the Servicer or any Sub-Servicer to carry out their
          servicing and administrative duties hereunder; provided,
          such
          limited powers of attorney or other documents shall be prepared by the
          Servicer
          and submitted to the Trustee for execution. The Trustee shall not be liable
          for
          the actions by the Servicer or any Sub-Servicers under such powers of
          attorney.

         

        Subject
          only to the above-described servicing standards and the terms of this Agreement
          and of the Mortgage Loans, the Servicer shall have full power and authority,
          acting alone or through Sub-Servicers as provided in Section 3.02, to do
          or
          cause to be done any and all things in connection with such servicing and
          administration which it may deem necessary or desirable. Without limiting
          the
          generality of the foregoing, the Servicer, in the name of the Trust Fund,
          is
          hereby authorized and empowered by the Trustee when the Servicer believes
          it
          appropriate in its best judgment in accordance with the Servicing Standard,
          to
          execute and deliver, on behalf of the Certificateholders and the Trustee,
          any
          and all instruments of satisfaction or cancellation, or of partial or full
          release or discharge, and all other comparable instruments, with respect
          to the
          Mortgage Loans and the Mortgaged Properties and to institute foreclosure
          proceedings or obtain a deed-in-lieu of foreclosure so as to convert the
          ownership of such properties, and to hold or cause to be held title to
          such
          properties, on behalf of the Trustee and Certificateholders. The Servicer
          shall
          service and administer the Mortgage Loans in accordance with applicable
          state
          and federal law and shall provide to the Mortgagors any reports required
          to be
          provided to them thereby. The Servicer shall also comply in the performance
          of
          this Agreement with all reasonable rules and requirements of each insurer
          under
          any standard hazard insurance policy. Subject to Section 3.17, within five
          (5)
          days of the Closing Date, the Trustee shall execute and furnish to the
          Servicer
          and any Sub-Servicer any special or limited powers of attorney and other
          documents necessary or appropriate to enable the Servicer or any Sub-Servicer
          to
          carry out their servicing and administrative duties hereunder; provided,
          such
          limited powers of attorney or other documents shall be prepared by the
          Servicer
          and submitted to the Trustee for execution. The Trustee shall not be liable
          for
          the actions by the Servicer or any Sub-Servicers under such powers of
          attorney.

         

        The
          Servicer further is authorized and empowered by the Trustee, on behalf
          of the
          Certificateholders and the Trustee, in its own name or in the name of the
          Sub-Servicer, when the Servicer or the Sub-Servicer, as the case may be,
          believes it is appropriate in its best judgment to register any Mortgage
          Loan on
          the MERS® System, or cause the removal from the registration of any Mortgage
          Loan on the MERS® System, to execute and deliver, on behalf of the Trustee and
          the Certificateholders or any of them, any and all instruments of assignment
          and
          other comparable instruments with respect to such assignment or re-recording
          of
          a Mortgage in the name of MERS, solely as nominee for the Trustee and its
          successors and assigns. Any reasonable expenses incurred in connection
          with the
          actions described in the preceding sentence or as a result of MERS discontinuing
          or becoming unable to continue operations in connection with the MERS® System,
          shall be reimbursable to the Servicer by withdrawal from the Collection
          Account
          pursuant to Section 3.11.

         

        Subject
          to Section 3.09 hereof, in accordance with the standards of the preceding
          paragraph, the Servicer, on escrowed accounts, shall advance or cause to
          be
          advanced funds as necessary for the purpose of effecting the payment of
          taxes
          and assessments on the Mortgaged Properties, which advances shall be Servicing
          Advances reimbursable in the first instance from related collections from
          the
          Mortgagors pursuant to Section 3.09, and further as provided in Section
          3.11.
          Any cost incurred by the Servicer or by Sub-Servicers in effecting the
          payment
          of taxes and assessments on a Mortgaged Property shall not, for the purpose
          of
          calculating distributions to Certificateholders, be added to the unpaid
          Stated
          Principal Balance of the related Mortgage Loan, notwithstanding that the
          terms
          of such Mortgage Loan so permit.

         

        Notwithstanding
          anything in this Agreement to the contrary, the Servicer may not make any
          future
          advances with respect to a Mortgage Loan (except as provided in Section
          4.04)
          and the Servicer shall not (i) permit any modification with respect to
          any
          Mortgage Loan that would change the Mortgage Rate, reduce or increase the
          Stated
          Principal Balance (except for reductions resulting from actual payments
          of
          principal) or change the final maturity date on such Mortgage Loan (unless,
          in
          any such case, as provided in Section 3.07, the Mortgagor is in default
          with
          respect to the Mortgage Loan or such default is, in the judgment of the
          Servicer, reasonably foreseeable) or (ii) permit any modification, waiver
          or
          amendment of any term of any Mortgage Loan that would both (A) effect an
          exchange or reissuance of such Mortgage Loan under Section 1001 of the
          Code (or
          Treasury regulations promulgated thereunder) and (B) cause any REMIC created
          hereunder to fail to qualify as a REMIC under the Code or the imposition
          of any
          tax on “prohibited transactions” or “contributions after the startup date” under
          the REMIC Provisions.

         

        The
          Servicer shall also undertake to defend, with respect to a claim against
          the
          Trustee or the Trust, any claims against the Trust, the Trustee or itself
          by a
          Mortgagor which relate to or affect the servicing of any Mortgage Loan.
          This
          shall not be construed as an assumption of liability in such matters. The
          Trustee shall notify the Servicer of any such claim as soon as practicable
          after
          receiving notice of such claim. The Servicer shall not be liable for any
          delay
          in responding to any claim of which it has not received timely notice.
          The
          Trustee shall cooperate with the Servicer in all aspects of the defense
          of such
          claims, including the timely delivery of all relevant litigation files
          and other
          related information. In the event the Servicer acts on behalf of the Trustee,
          the Trust or itself in any such litigation, the Trust shall pay all costs
          and
          expenses (including attorneys’ fees, court costs, settlements and judgments)
          associated with the defense and management of such claim; provided, however,
          that the Servicer shall not be indemnified for any such cost or expense
          relating
          to claims against the Servicer and incurred by reason of its willful
          misfeasance, bad faith or negligence in the performance of its duties
          hereunder.

         

        	SECTION
                3.02  	
                Sub-Servicing
                  Agreements Between Servicer and
                  Sub-Servicers.

              

         

        (a)  The
          Servicer may enter into Sub-Servicing Agreements with Sub-Servicers, which
          may
          be Affiliates of the Servicer, for the servicing and administration of
          the
          Mortgage Loans; provided, however, (i) such sub-servicing arrangement and
          the
          terms of the related Sub-Servicing Agreement must provide for the servicing
          of
          the Mortgage Loans in a manner consistent with the servicing arrangement
          contemplated hereunder and (ii) the NIMS Insurer shall have consented to
          such
          sub-servicing agreement. The Trustee is hereby authorized to acknowledge,
          at the
          request of the Servicer, any Sub-Servicing Agreement. No such acknowledgment
          shall be deemed to imply that the Trustee has consented to any such
          Sub-Servicing Agreement, has passed upon whether such Sub-Servicing Agreement
          meets the requirements applicable to Sub-Servicing Agreements set forth
          in this
          Agreement or has passed upon whether such Sub-Servicing Agreement is otherwise
          permitted under this Agreement. The Servicer may, in connection with its
          duties
          as Servicer hereunder, enter into transactions with any of its Affiliates
          relating to the Mortgage Loans; provided, that (i) such transaction is
          in the
          ordinary course of business of the Servicer, and (ii) the terms of such
          transaction are no less favorable to the Servicer than it would obtain
          in a
          comparable arm’s-length transaction with a person that is not an Affiliate of
          the Servicer.

         

        Each
          Sub-Servicer shall be (i) authorized to transact business in the state
          or states
          where the related Mortgaged Properties it is to service are situated, if
          and to
          the extent required by applicable law to enable the Sub-Servicer to perform
          its
          obligations hereunder and under the Sub-Servicing Agreement and (ii) a
          Freddie
          Mac or Fannie Mae approved mortgage servicer. Each Sub-Servicing Agreement
          must
          impose on the Sub-Servicer requirements conforming to the provisions set
          forth
          in Section 3.08 and provide for servicing of the Mortgage Loans consistent
          with
          the terms of this Agreement. The Servicer will examine each Sub-Servicing
          Agreement and will be familiar with the terms thereof. The terms of any
          Sub-Servicing Agreement will not be inconsistent with any of the provisions
          of
          this Agreement. Any variation in any Sub-Servicing Agreements from the
          provisions set forth in Section 3.08 relating to insurance or priority
          requirements of Sub-Servicing Accounts, or credits and charges to the
          Sub-Servicing Accounts or the timing and amount of remittances by the
          Sub-Servicers to the Servicer, are conclusively deemed to be inconsistent
          with
          this Agreement and therefore prohibited. The Servicer shall deliver to
          the NIMS
          Insurer and the Trustee copies of all Sub-Servicing Agreements, and any
          amendments or modifications thereof, promptly upon the Servicer’s execution and
          delivery of such instruments.

         

        (b)  As
          part
          of its servicing activities hereunder, the Servicer, for the benefit of
          the
          Trustee and the Certificateholders, shall enforce the obligations of each
          Sub-Servicer under the related Sub-Servicing Agreement, including, without
          limitation, any obligation to make advances in respect of delinquent payments
          as
          required by a Sub-Servicing Agreement. Such enforcement, including, without
          limitation, the legal prosecution of claims, termination of Sub-Servicing
          Agreements, and the pursuit of other appropriate remedies, shall be in
          such form
          and carried out to such an extent and at such time as the Servicer, in
          its good
          faith business judgment, would require were it the owner of the related
          Mortgage
          Loans. The Servicer shall pay the costs of such enforcement at its own
          expense,
          and shall be reimbursed therefor only (i) from a general recovery resulting
          from
          such enforcement, to the extent, if any, that such recovery exceeds all
          amounts
          due in respect of the related Mortgage Loans, or (ii) from a specific recovery
          of costs, expenses or attorneys’ fees against the party against whom such
          enforcement is directed.

         

        	SECTION
                3.03  	
                Successor
                  Sub-Servicers.

              

         

        The
          Servicer shall be entitled to terminate any Sub-Servicing Agreement and
          the
          rights and obligations of any Sub-Servicer pursuant to any Sub-Servicing
          Agreement in accordance with the terms and conditions of such Sub-Servicing
          Agreement. In the event of termination of any Sub-Servicer, all servicing
          obligations of such Sub-Servicer shall be assumed simultaneously by the
          Servicer
          without any act or deed on the part of such Sub-Servicer or the Servicer,
          and
          the Servicer either shall service directly the related Mortgage Loans or
          shall
          enter into a Sub-Servicing Agreement with a successor Sub-Servicer which
          qualifies under Section 3.02.

         

        Any
          Sub-Servicing Agreement shall include the provision that such agreement
          may be
          immediately terminated by the Servicer or the Trustee (if the Trustee is
          acting
          as Servicer) without fee, in accordance with the terms of this Agreement,
          in the
          event that the Servicer (or the Trustee, if such party is then acting as
          Servicer) shall, for any reason, no longer be the Servicer (including
          termination due to a Servicer Event of Termination).

         

        	SECTION
                3.04  	
                Liability
                  of the Servicer.

              

         

        Notwithstanding
          any Sub-Servicing Agreement or the provisions of this Agreement relating
          to
          agreements or arrangements between the Servicer and a Sub-Servicer or reference
          to actions taken through a Sub-Servicer or otherwise, the Servicer shall
          remain
          obligated and primarily liable to the Trustee and the Certificateholders
          for the
          servicing and administering of the Mortgage Loans in accordance with the
          provisions of Section 3.01 without diminution of such obligation or liability
          by
          virtue of such Sub-Servicing Agreements or arrangements or by virtue of
          indemnification from the Sub-Servicer and to the same extent and under
          the same
          terms and conditions as if the Servicer alone were servicing and administering
          the Mortgage Loans. The Servicer shall be entitled to enter into any agreement
          with a Sub-Servicer for indemnification of the Servicer by such Sub-Servicer
          and
          nothing contained in this Agreement shall be deemed to limit or modify
          such
          indemnification.

         

        	SECTION
                3.05  	
                No
                  Contractual Relationship Between Sub-Servicers and the NIMS Insurer,
                  the
                  Trustee or Certificateholders.

              

         

        Any
          Sub-Servicing Agreement that may be entered into and any transactions or
          services relating to the Mortgage Loans involving a Sub-Servicer in its
          capacity
          as such shall be deemed to be between the Sub-Servicer and the Servicer
          alone,
          and the NIMS Insurer, the Trustee or Certificateholders shall not be deemed
          parties thereto and shall have no claims, rights, obligations, duties or
          liabilities with respect to the Sub-Servicer except as set forth in Section
          3.06. The Servicer shall be solely liable for all fees owed by it to any
          Sub-Servicer, irrespective of whether the Servicer’s compensation pursuant to
          this Agreement is sufficient to pay such fees.

         

        	SECTION
                3.06  	
                Assumption
                  or Termination of Sub-Servicing Agreements by
                  Trustee.

              

         

        In
          the
          event the Servicer shall for any reason no longer be the servicer (including
          by
          reason of the occurrence of a Servicer Event of Termination), the Trustee,
          in
          addition to its duties under Section 7.02, shall thereupon assume all of
          the
          rights and obligations of the Servicer under each Sub-Servicing Agreement
          that
          the Servicer may have entered into, unless the Trustee elects to terminate
          any
          Sub-Servicing Agreement in accordance with its terms as provided in Section
          3.03. Upon such assumption, the Trustee (or the successor servicer appointed
          pursuant to Section 7.02) shall be deemed, subject to Section 3.03, to
          have
          assumed all of the departing Servicer’s interest therein and to have replaced
          the departing Servicer as a party to each Sub-Servicing Agreement to the
          same
          extent as if each Sub-Servicing Agreement had been assigned to the assuming
          party, except that (i) the departing Servicer shall not thereby be relieved
          of
          any liability or obligations under any Sub-Servicing Agreement that arose
          before
          it ceased to be the Servicer and (ii) neither the Trustee nor any successor
          Servicer shall be deemed to have assumed any liability or obligation of
          the
          Servicer that arose before it ceased to be the Servicer.

         

        The
          Servicer at its expense shall, upon request of the Trustee, deliver to
          the
          assuming party all documents and records relating to each Sub-Servicing
          Agreement and the Mortgage Loans then being serviced and an accounting
          of
          amounts collected and held by or on behalf of it, and otherwise use its
          best
          efforts to effect the orderly and efficient transfer of the Sub-Servicing
          Agreements to the assuming party. All Servicing Transfer Costs shall be
          paid by
          the predecessor Servicer upon presentation of reasonable documentation
          of such
          costs, and if such predecessor Servicer is the Trustee or it defaults in
          its
          obligation to pay such costs, such costs shall be paid by the successor
          Servicer
          or the Trustee (in which case the successor Servicer or the Trustee, as
          applicable, shall be entitled to reimbursement therefor from the assets
          of the
          Trust).

         

        	SECTION
                3.07  	
                Collection
                  of Certain Mortgage Loan Payments.

              

         

        The
          Servicer shall make reasonable efforts, in accordance with the Servicing
          Standard, to collect all payments called for under the terms and provisions
          of
          the Mortgage Loans and the provisions of any applicable insurance policies
          provided to the Servicer. Consistent with the foregoing, the Servicer may
          in its
          discretion (i) waive any late payment charge or, if applicable, any penalty
          interest or any provisions of any Mortgage Loan requiring the related Mortgagor
          to submit to mandatory arbitration with respect to disputes arising thereunder,
          or (ii) extend the due dates for the Monthly Payments due on a Mortgage
          Note for
          a period of not greater than 180 days; provided, however, that any extension
          pursuant to clause (ii) above shall not affect the amortization schedule
          of any
          Mortgage Loan for purposes of any computation hereunder, except as provided
          below. In the event of any such arrangement pursuant to clause (ii) above,
          the
          Servicer shall make timely Advances on such Mortgage Loan during such extension
          pursuant to Section 4.04 and in accordance with the amortization schedule
          of
          such Mortgage Loan without modification thereof by reason of such arrangement.
          Notwithstanding the foregoing, in the event that any Mortgage Loan is in
          default
          or, in the judgment of the Servicer, such default is reasonably foreseeable,
          the
          Servicer, consistent with the standards set forth in Section 3.01, may
          also
          waive, modify or vary any term of such Mortgage Loan (including modifications
          that would change the Mortgage Rate, forgive the payment of principal or
          interest or extend the final maturity date of such Mortgage Loan), accept
          payment from the related Mortgagor of an amount less than the Stated Principal
          Balance in final satisfaction of such Mortgage Loan, or consent to the
          postponement of strict compliance with any such term or otherwise grant
          indulgence to any Mortgagor (any and all such waivers, modifications, variances,
          forgiveness of principal or interest, postponements, or indulgences collectively
          referred to herein as “forbearance”), provided, however, that the NIMS Insurer’s
          prior written consent shall be required for any modification, waiver or
          amendment if the aggregate number of outstanding Mortgage Loans which have
          been
          modified, waived or amended exceeds 5% of the number of Mortgage Loans
          as of the
          Cut-off Date. The Servicer's analysis supporting any forbearance and the
          conclusion that any forbearance meets the standards of Section 3.01 shall be
          reflected in writing in the Mortgage File.

         

        	SECTION
                3.08  	
                Sub-Servicing
                  Accounts.

              

         

        In
          those
          cases where a Sub-Servicer is servicing a Mortgage Loan pursuant to a Sub-
          Servicing Agreement, the Sub-Servicer will be required to establish and
          maintain
          one or more accounts (collectively, the “Sub-Servicing Account”). The
          Sub-Servicing Account shall be an Eligible Account and shall comply with
          all
          requirements of this Agreement relating to the Collection Account. The
          Sub-Servicer shall deposit in the clearing account in which it customarily
          deposits payments and collections on mortgage loans in connection with
          its
          mortgage loan servicing activities on a daily basis, and in no event more
          than
          one Business Day after the Sub-Servicer’s receipt thereof, all proceeds of
          Mortgage Loans received by the Sub-Servicer less its servicing compensation
          to
          the extent permitted by the Sub-Servicing Agreement, and shall thereafter
          deposit such amounts in the Sub-Servicing Account, in no event more than
          two
          Business Days after the receipt of such amounts. The Sub-Servicer shall
          thereafter deposit such proceeds in the Collection Account or remit such
          proceeds to the Servicer for deposit in the Collection Account not later
          than
          two Business Days after the deposit of such amounts in the Sub-Servicing
          Account. For purposes of this Agreement, the Servicer shall be deemed to
          have
          received payments on the Mortgage Loans when the Sub-Servicer receives
          such
          payments.

         

        	SECTION
                3.09  	
                Collection
                  of Taxes, Assessments and Similar Items; Escrow
                  Accounts.

              

         

        To
          the
          extent required by the related Mortgage Note, the Servicer shall establish
          and
          maintain, or cause to be established and maintained, one or more accounts
          (the
“Escrow Accounts”), into which all Escrow Payments shall be deposited and
          retained. Escrow Accounts shall be Eligible Accounts. The Servicer shall
          deposit
          in the clearing account in which it customarily deposits payments and
          collections on mortgage loans in connection with its mortgage loan servicing
          activities, all Escrow Payments collected on account of the Mortgage Loans
          and
          shall deposit in the Escrow Accounts, in no event more than two Business
          Days
          after the receipt of such Escrow Payments, all Escrow Payments collected
          on
          account of the Mortgage Loans for the purpose of effecting the payment
          of any
          such items as required under the terms of this Agreement. Withdrawals of
          amounts
          from an Escrow Account may be made only to (i) effect payment of taxes,
          assessments, hazard insurance premiums, and comparable items in a manner
          and at
          a time that assures that the lien priority of the Mortgage is not jeopardized
          (or, with respect to the payment of taxes, in a manner and at a time that
          avoids
          the loss of the Mortgaged Property due to a tax sale or the foreclosure
          as a
          result of a tax lien); (ii) reimburse the Servicer (or a Sub-Servicer to
          the
          extent provided in the related Sub-Servicing Agreement) out of related
          collections for any Servicing Advances made pursuant to Section 3.01 (with
          respect to taxes and assessments) and Section 3.14 (with respect to hazard
          insurance); (iii) refund to Mortgagors any sums as may be determined to
          be
          overages; (iv) pay interest, if required and as described below, to Mortgagors
          on balances in the Escrow Account; or (v) clear and terminate the Escrow
          Account
          at the termination of the Servicer’s obligations and responsibilities in respect
          of the Mortgage Loans under this Agreement in accordance with Article X.
          In the
          event the Servicer shall deposit in a Escrow Account any amount not required
          to
          be deposited therein, it may at any time withdraw such amount from such
          Escrow
          Account, any provision herein to the contrary notwithstanding. The Servicer
          will
          be responsible for the administration of the Escrow Accounts and will be
          obligated to make Servicing Advances to such accounts when and as necessary
          to
          avoid the lapse of insurance coverage on the Mortgaged Property, or which
          the
          Servicer knows, or in the exercise of the required standard of care of
          the
          Servicer hereunder should know, is necessary to avoid the loss of the Mortgaged
          Property due to a tax sale or the foreclosure as a result of a tax lien.
          If any
          such payment has not been made and the Servicer receives notice of a tax
          lien
          with respect to the Mortgage being imposed, the Servicer will, within 10
          Business Days of receipt of such notice, advance or cause to be advanced
          funds
          necessary to discharge such lien on the Mortgaged Property. As part of
          its
          servicing duties, the Servicer or any Sub-Servicers shall pay to the Mortgagors
          interest on funds in the Escrow Accounts, to the extent required by law
          and, to
          the extent that interest earned on funds in the Escrow Accounts is insufficient,
          to pay such interest from its or their own funds, without any reimbursement
          therefor. The Servicer may pay to itself any excess interest on funds in
          the
          Escrow Accounts, to the extent such action is in conformity with the Servicing
          Standard, is permitted by law and such amounts are not required to be paid
          to
          Mortgagors or used for any of the other purposes set forth above.

         

        	SECTION
                3.10  	
                Collection
                  Account and Distribution Account.

              

         

        (a)  On
          behalf
          of the Trust Fund, the Servicer shall establish and maintain, or cause
          to be
          established and maintained, one or more accounts (such account or accounts,
          the
“Collection Account”), held in trust for the benefit of the Trustee and the
          Certificateholders. On behalf of the Trust Fund, the Servicer shall deposit
          or
          cause to be deposited in the Collection Account, in no event more than
          two
          Business Days after the Servicer’s receipt thereof, as and when received or as
          otherwise required hereunder, the following payments and collections received
          or
          made by it subsequent to the Cut-off Date (other than in respect of principal
          or
          interest on the Mortgage Loans due on or before the Cut-off Date) or payments
          (other than Principal Prepayments) received by it on or prior to the Cut-off
          Date but allocable to a Due Period subsequent thereto:

         

        (i)  all
          payments on account of principal, including Principal Prepayments (but
          not
          Prepayment Charges), on the Mortgage Loans;

         

        (ii)  all
          payments on account of interest (net of the Servicing Fee) on each Mortgage
          Loan;

         

        (iii)  all
          Insurance Proceeds, Net Liquidation Proceeds, Subsequent Recoveries and
          condemnation proceeds (other than proceeds collected in respect of any
          particular REO Property and amounts paid in connection with a purchase
          of
          Mortgage Loans and REO Properties pursuant to Section 10.01);

         

        (iv)  any
          amounts required to be deposited pursuant to Section 3.12 in connection
          with any
          losses realized on Permitted Investments with respect to funds held in
          the
          Collection Account;

         

        (v)  any
          amounts required to be deposited by the Servicer pursuant to the second
          paragraph of Section 3.14(a) in respect of any blanket policy
          deductibles;

         

        (vi)  all
          proceeds of any Mortgage Loan repurchased or purchased in accordance with
          Section 2.03, Section 3.16(c) or Section 10.01;

         

        (vii)  all
          amounts required to be deposited in connection with Substitution Adjustments
          pursuant to Section 2.03; and

         

        (viii)  all
          Prepayment Charges collected by the Servicer and any Servicer Prepayment
          Charge
          Payment Amounts in connection with the Principal Prepayment of any of the
          Mortgage Loans.

         

        The
          foregoing requirements for deposit in the Collection Account shall be exclusive,
          it being understood and agreed that, without limiting the generality of
          the
          foregoing, payments in the nature of Servicing Fees, late payment charges,
          assumption fees, insufficient funds charges and ancillary income (other
          than
          Prepayment Charges) need not be deposited by the Servicer in the Collection
          Account and may be retained by the Servicer as additional compensation.
          In the
          event the Servicer shall deposit in the Collection Account any amount not
          required to be deposited therein, it may at any time withdraw such amount
          from
          the Collection Account, any provision herein to the contrary
          notwithstanding.

         

        (b)  On
          behalf
          of the Trust Fund, the Trustee shall establish and maintain one or more
          segregated, non-interest bearing trust accounts (such account or accounts,
          the
“Distribution Account”), held in trust for the benefit of the Trustee and the
          Certificateholders. On behalf of the Trust Fund, the Servicer shall deliver
          to
          the Trustee in immediately available funds for deposit in the Distribution
          Account on or before 1:00 p.m. New York time on the Servicer Remittance
          Date,
          that portion of the Available Funds (calculated without regard to the references
          in the definition thereof to amounts that may be withdrawn from the Distribution
          Account) for the related Distribution Date then on deposit in the Collection
          Account, the amount of all Prepayment Charges collected during the applicable
          Prepayment Period by the Servicer and Servicer Prepayment Charge Payment
          Amounts
          in connection with the Principal Prepayment of any of the Mortgage Loans
          then on
          deposit in the Collection Account, the amount of any funds reimbursable
          to an
          Advancing Person pursuant to Section 3.29 (unless such amounts are to be
          remitted in another manner as specified in the documentation establishing
          the
          related Advance Facility).

         

        If,
          by
          1:00 p.m. New York time, on the Servicer Remittance Date, the Servicer
          fails to
          remit to the Trustee for deposit into the Distribution Account any amounts
          required to be so remitted by the Servicer pursuant to this Agreement,
          the
          Servicer shall pay to the Trustee, for its own account, interest on such
          amounts
          at the prime rate for such date (as set forth in the Wall
          Street Journal)
          for the
          period commencing on the Servicer Remittance Date through the Business
          Day on
          which such failure is remedied.

         

        (c)  Funds
          in
          the Collection Account and the Distribution Account may be invested in
          Permitted
          Investments in accordance with the provisions set forth in Section 3.12.
          The
          Servicer shall give written notice to the NIMS Insurer and the Trustee
          of the
          location of the Collection Account maintained by it when established and
          prior
          to any change thereof. The Trustee shall give notice to the NIMS Insurer,
          the
          Servicer and the Depositor of the location of the Distribution Account
          when
          established and prior to any change thereof.

         

        (d)  Funds
          held in the Collection Account at any time may be delivered by the Servicer
          to
          the Trustee for deposit in an account (which may be the Distribution Account
          and
          must satisfy the standards for the Distribution Account as set forth in
          the
          definition thereof) and for all purposes of this Agreement shall be deemed
          to be
          a part of the Collection Account; provided, however, that the Trustee shall
          have
          the sole authority to withdraw any funds held pursuant to this subsection
          (d).
          In the event the Servicer shall deliver to the Trustee for deposit in the
          Distribution Account any amount not required to be deposited therein, it
          may at
          any time request that the Trustee withdraw such amount from the Distribution
          Account and remit to it any such amount, any provision herein to the contrary
          notwithstanding. In addition, the Servicer, with respect to items (i) through
          (iv) below, shall deliver to the Trustee from time to time for deposit,
          and the
          Trustee, with respect to items (i) through (iv) below, shall so deposit,
          in the
          Distribution Account:

         

        (i)  any
          Advances, as required pursuant to Section 4.04;

         

        (ii)  any
          amounts required to be deposited pursuant to Section 3.23(d) or (f) in
          connection with any REO Property;

         

        (iii)  any
          amounts to be paid by the Servicer in connection with a purchase of Mortgage
          Loans and REO Properties pursuant to Section 10.01;

         

        (iv)  any
          Compensating Interest to be deposited pursuant to Section 3.24 in connection
          with any Prepayment Interest Shortfall; 

         

        (v)  any
          amounts required to be paid to the Trustee pursuant to the Agreement, including,
          but not limited to Section 3.06 and Section 7.02; and

         

        (vi)  any
          other
          amounts deposited hereunder which are required to be deposited in the
          Distribution Account.

         

        	SECTION
                3.11  	
                Withdrawals
                  from the Collection Account and Distribution
                  Account.

              

         

        (a)  The
          Servicer shall, from time to time, make withdrawals from the Collection
          Account
          for any of the following purposes or as described in Section 4.04:

         

        (i)  to
          remit
          to the Trustee for deposit in the Distribution Account the amounts required
          to
          be so remitted pursuant to Section 3.10(b) or permitted to be so remitted
          pursuant to the first sentence of Section 3.10(d);

         

        (ii)  subject
          to Section 3.16(d), to reimburse the Servicer for (a) any unreimbursed
          Advances
          to the extent of amounts received which represent Late Collections (net
          of the
          related Servicing Fees), Liquidation Proceeds and Insurance Proceeds on
          Mortgage
          Loans or REO Properties with respect to which such Advances were made in
          accordance with the provisions of Section 4.04; or (b) without limiting
          any
          right of withdrawal set forth in clause (vi) below, any unreimbursed Advances
          that, upon a Final Recovery Determination with respect to such Mortgage
          Loan,
          are Nonrecoverable Advances, but only to the extent that Late Collections
          (net
          of the related Servicing Fees), Liquidation Proceeds and Insurance Proceeds
          received with respect to such Mortgage Loan are insufficient to reimburse
          the
          Servicer for such unreimbursed Advances; or (c) subject to 4.04(b), any
          unreimbursed Advances to the extent of funds held in the Collection Account
          for
          future distribution that were not included in Available Funds for the preceding
          Distribution Date;

         

        (iii)  subject
          to Section 3.16(d), to pay the Servicer or any Sub-Servicer (a) any unpaid
          Servicing Fees, (b) any unreimbursed Servicing Advances with respect to
          each
          Mortgage Loan, but only to the extent of any Late Collections, Liquidation
          Proceeds and Insurance Proceeds received with respect to such Mortgage
          Loan or
          REO Property, and (c) without limiting any right of withdrawal set forth
          in
          clause (vi) below, any Servicing Advances made with respect to a Mortgage
          Loan
          that, upon a Final Recovery Determination with respect to such Mortgage
          Loan are
          Nonrecoverable Advances, but only to the extent that Late Collections,
          Liquidation Proceeds and Insurance Proceeds received with respect to such
          Mortgage Loan are insufficient to reimburse the Servicer or any Sub-Servicer
          for
          Servicing Advances;

         

        (iv)  to
          pay to
          the Servicer as additional servicing compensation (in addition to the Servicing
          Fee) on the Servicer Remittance Date any interest or investment income
          earned on
          funds deposited in the Collection Account;

         

        (v)  to
          pay
          itself, the NIMS Insurer or the Seller, as applicable, with respect to
          each
          Mortgage Loan that has previously been purchased or replaced pursuant to
          Section
          2.03 or Section 3.16(c) all amounts received thereon subsequent to the
          date of
          purchase or substitution, as the case may be and any enforcement expenses
          reasonably incurred in respect of such breach or defect, including any
          expenses
          arising out of the enforcement of such purchase obligations;

         

        (vi)  to
          reimburse the Servicer for any Advance or Servicing Advance previously
          made
          which the Servicer has determined to be a Nonrecoverable Advance in accordance
          with the provisions of Section 4.04;

         

        (vii)  to
          pay,
          or to reimburse the Servicer for Servicing Advances in respect of, expenses
          incurred in connection with any Mortgage Loan pursuant to Section
          3.16(b);

         

        (viii)  to
          reimburse the Servicer for expenses incurred by or reimbursable to the
          Servicer
          pursuant to Section 6.03;

         

        (ix)  to
          pay
          itself any Prepayment Interest Excess;

         

        (x)  to
          clear
          and terminate the Collection Account pursuant to Section 10.01; and

         

        (xi)  to
          withdraw any amount deposited in the Collection Account and not required
          to be
          deposited therein.

         

        The
          foregoing requirements for withdrawal from the Collection Account shall
          be
          exclusive. In the event the Servicer shall deposit in the Collection Account
          any
          amount not required to be deposited therein, it may at any time withdraw
          such
          amount from the Collection Account, any provision herein to the contrary
          notwithstanding.

         

        The
          Servicer shall keep and maintain separate accounting, on a Mortgage Loan
          by
          Mortgage Loan basis, for the purpose of justifying any withdrawal from
          the
          Collection Account, to the extent held by or on behalf of it, pursuant
          to
          subclauses (ii), (iii), (iv), (v), (vi) and (vii) above. The Servicer shall
          provide written notification to the NIMS Insurer and the Trustee, on or
          prior to
          the next succeeding Servicer Remittance Date, upon making any withdrawals
          from
          the Collection Account pursuant to subclause (vi) above; provided that
          an
          Officers’ Certificate in the form described under Section 4.04(d) shall suffice
          for such written notification to the Trustee in respect hereof.

         

        (b)  The
          Trustee shall, from time to time, make withdrawals from the Distribution
          Account, for any of the following purposes, without priority:

         

        (i)  to
          make
          distributions in accordance with Section 4.01;

         

        (ii)  to
          pay
          any amounts in respect of taxes pursuant to Section 9.01(g);

         

        (iii)  to
          clear
          and terminate the Distribution Account pursuant to Section 10.01;

         

        (iv)  to
          pay
          any amounts required to be paid to the Trustee pursuant to this Agreement,
          including but not limited to funds required to be paid pursuant to Section
          3.06,
          Section 4.01, Section 7.02 and Section 8.05;

         

        (v)  to
          pay to
          the Trustee, any Trustee Compensation; and

         

        (vi)  to
          pay to
          an Advancing Person reimbursements for Advances and/or Servicing Advances
          pursuant to Section 3.29.

         

        	SECTION
                3.12  	
                Investment
                  of Funds in the Collection Account and the Distribution
                  Account.

              

         

        (a)  The
          Servicer may direct any depository institution maintaining the Collection
          Account and any REO Account to invest the funds on deposit in such accounts
          and
          the Trustee may invest the funds on deposit in the Distribution Account
          or hold
          such funds uninvested (each such account, for the purposes of this Section
          3.12,
          an “Investment Account”). All investments pursuant to this Section 3.12 shall be
          in one or more Permitted Investments bearing interest or sold at a discount,
          and
          maturing, unless payable on demand, (i) no later than the Business Day
          immediately preceding the date on which such funds are required to be withdrawn
          from such account pursuant to this Agreement, if a Person other than the
          Trustee
          is the obligor thereon or if such investment is managed or advised by a
          Person
          other than the Trustee or an Affiliate of the Trustee, and (ii) no later
          than
          the date on which such funds are required to be withdrawn from such account
          pursuant to this Agreement, if the Trustee is the obligor thereon. All
          such
          Permitted Investments shall be held to maturity, unless payable on demand.
          Any
          investment of funds in an Investment Account shall be made in the name
          of the
          Trustee (in its capacity as such), or in the name of a nominee of the Trustee.
          The Trustee shall be entitled to sole possession (except with respect to
          investment direction of funds held in the Collection Account and any REO
          Account, and any income and gain realized thereon) over each such investment,
          and any certificate or other instrument evidencing any such investment
          shall be
          delivered directly to the Trustee or its agent, together with any document
          of
          transfer necessary to transfer title to such investment to the Trustee
          or its
          nominee. In the event amounts on deposit in an Investment Account are at
          any
          time invested in a Permitted Investment payable on demand, the Trustee
          shall:

         

        (x) consistent
          with any notice required to be given thereunder, demand that payment thereon
          be
          made on the last day such Permitted Investment may otherwise mature hereunder
          in
          an amount equal to the lesser of (1) all amounts then payable thereunder
          and (2)
          the amount required to be withdrawn on such date; and

         

        (y) demand
          payment of all amounts due thereunder promptly upon determination by a
          Responsible Officer of the Trustee that such Permitted Investment would
          not
          constitute a Permitted Investment in respect of funds thereafter on deposit
          in
          the Investment Account.

         

        (b)  All
          income and gain realized from the investment of funds deposited in the
          Collection Account and any REO Account held by or on behalf of the Servicer
          shall be for the benefit of the Servicer and shall be subject to its withdrawal
          in accordance with Section 3.11, Section 3.29 or Section 3.23, as applicable.
          The Servicer shall deposit in the Collection Account or any REO Account,
          as
          applicable, from its own funds, the amount of any loss of principal incurred
          in
          respect of any such Permitted Investment made with funds in such Account
          immediately upon realization of such loss.

         

        (c)  All
          income and gain realized from the investment of funds deposited in the
          Distribution Account shall be for the benefit of the Trustee. The Trustee
          shall
          deposit in the Distribution Account, from its own funds, the amount of
          any loss
          of principal incurred in respect of any such Permitted Investment made
          with
          funds in such Account immediately upon realization of such loss. Notwithstanding
          the foregoing, the Trustee may at its discretion, and without liability,
          hold
          the funds in the Distribution Account uninvested.

         

        (d)  Except
          as
          otherwise expressly provided in this Agreement, if any default occurs in
          the
          making of a payment due under any Permitted Investment, or if a default
          occurs
          in any other performance required under any Permitted Investment, the Trustee
          may and, subject to Section 8.01 and Section 8.02(a)(v), upon the request
          of the
          NIMS Insurer or the Holders of Certificates representing more than 50%
          of the
          Voting Rights allocated to any Class of Certificates, shall take such action
          as
          may be appropriate to enforce such payment or performance, including the
          institution and prosecution of appropriate proceedings.

         

        (e)  The
          Trustee or its Affiliates are permitted to receive additional compensation
          that
          could be deemed to be in the Trustee’s economic self-interest for (i) serving as
          investment adviser, administrator, shareholder servicing agent, custodian
          or
          sub-custodian with respect to certain of the Permitted Investments, (ii)
          using
          Affiliates to effect transactions in certain Permitted Investments and
          (iii)
          effecting transactions in certain Permitted Investments. Such compensation
          shall
          not be considered an amount that is reimbursable or payable to the Trustee
          pursuant to Section 3.11 or 3.12 or otherwise payable in respect of
          extraordinary Trust Fund expenses.

         

        	SECTION
                3.13  	
                [Reserved].

              

         

        	SECTION
                3.14  	
                Maintenance
                  of Hazard Insurance and Errors and Omissions and Fidelity
                  Coverage.

              

         

        (a)  The
          Servicer shall cause to be maintained for each Mortgage Loan hazard insurance
          with extended coverage on the Mortgaged Property in an amount which is
          at least
          equal to the lesser of (i) the current Principal Balance of such Mortgage
          Loan
          and (ii) the amount necessary to fully compensate for any damage or loss
          to the
          improvements that are a part of such property on a replacement cost basis,
          in
          each case in an amount not less than such amount as is necessary to avoid
          the
          application of any coinsurance clause contained in the related hazard insurance
          policy. The Servicer shall also cause to be maintained hazard insurance
          with
          extended coverage on each REO Property in an amount which is at least equal
          to
          the lesser of (i) the maximum insurable value of the improvements which
          are a
          part of such property and (ii) the outstanding Principal Balance of the
          related
          Mortgage Loan at the time it became an REO Property. The Servicer will
          comply in
          the performance of this Agreement with all reasonable rules and requirements
          of
          each insurer under any such hazard policies. Any amounts to be collected
          by the
          Servicer under any such policies (other than amounts to be applied to the
          restoration or repair of the property subject to the related Mortgage or
          amounts
          to be released to the Mortgagor in accordance with the procedures that
          the
          Servicer would follow in servicing loans held for its own account, subject
          to
          the terms and conditions of the related Mortgage and Mortgage Note) shall
          be
          deposited in the Collection Account, subject to withdrawal pursuant to
          Section
          3.11, if received in respect of a Mortgage Loan, or in the REO Account,
          subject
          to withdrawal pursuant to Section 3.23, if received in respect of an REO
          Property. Any cost incurred by the Servicer in maintaining any such insurance
          shall not, for the purpose of calculating distributions to Certificateholders,
          be added to the unpaid Principal Balance of the related Mortgage Loan,
          notwithstanding that the terms of such Mortgage Loan so permit. It is understood
          and agreed that no earthquake or other additional insurance is to be required
          of
          any Mortgagor other than pursuant to such applicable laws and regulations
          as
          shall at any time be in force and as shall require such additional insurance.
          If
          the Mortgaged Property or REO Property is at any time in an area identified
          in
          the Federal Register by the Federal Emergency Management Agency as having
          special flood hazards and flood insurance has been made available, the
          Servicer
          will cause to be maintained a flood insurance policy in respect thereof.
          Such
          flood insurance shall be in an amount equal to the lesser of (i) the unpaid
          Principal Balance of the related Mortgage Loan and (ii) the maximum amount
          of
          such insurance available for the related Mortgaged Property under the national
          flood insurance program (assuming that the area in which such Mortgaged
          Property
          is located is participating in such program).

         

        In
          the
          event that the Servicer shall obtain and maintain a blanket policy insuring
          against hazard losses on all of the Mortgage Loans, it shall conclusively
          be
          deemed to have satisfied its obligations as set forth in the first two
          sentences
          of this Section 3.14, it being understood and agreed that such policy may
          contain a deductible clause on terms substantially equivalent to those
          commercially available and maintained by competent servicers, in which
          case the
          Servicer shall, in the event that there shall not have been maintained
          on the
          related Mortgaged Property or REO Property a policy complying with the
          first two
          sentences of this Section 3.14, and there shall have been one or more losses
          which would have been covered by such policy, deposit to the Collection
          Account
          from its own funds the amount not otherwise payable under the blanket policy
          because of such deductible clause. In connection with its activities as
          servicer
          of the Mortgage Loans, the Servicer agrees to prepare and present, on behalf
          of
          itself, the Depositor, the Trustee and Certificateholders, claims under
          any such
          blanket policy in a timely fashion in accordance with the terms of such
          policy.

         

        (b)  The
          Servicer shall keep in force during the term of this Agreement a policy
          or
          policies of insurance covering errors and omissions for failure in the
          performance of the Servicer’s obligations under this Agreement. Such policy or
          policies shall be in such form and amount that would meet the requirements
          of
          Fannie Mae or Freddie Mac if it were the purchaser of the Mortgage Loans,
          unless
          the Servicer has obtained a waiver of such requirements from Fannie Mae
          or
          Freddie Mac. The Servicer shall provide the Trustee and the NIMS Insurer,
          upon
          request, with copies of such insurance policies and fidelity bond. The
          Servicer
          shall also maintain a fidelity bond in the form and amount that would meet
          the
          requirements of Fannie Mae or Freddie Mac, unless the Servicer has obtained
          a
          waiver of such requirements from Fannie Mae or Freddie Mac. The Servicer
          shall
          be deemed to have complied with this provision if an Affiliate of the Servicer
          has such errors and omissions and fidelity bond coverage and, by the terms
          of
          such insurance policy or fidelity bond, the coverage afforded thereunder
          extends
          to the Servicer. Any such errors and omissions policy and fidelity bond
          shall by
          its terms not be cancelable without thirty days’ prior written notice to the
          Trustee and the NIMS Insurer. The Servicer shall also cause each Sub-Servicer
          to
          maintain a policy of insurance covering errors and omissions and a fidelity
          bond
          which would meet such requirements.

         

        	SECTION
                3.15  	
                Enforcement
                  of Due-On-Sale Clauses; Assumption
                  Agreements.

              

         

        The
          Servicer will, to the extent it has knowledge of any conveyance or prospective
          conveyance of any Mortgaged Property by any Mortgagor (whether by absolute
          conveyance or by contract of sale, and whether or not the Mortgagor remains
          or
          is to remain liable under the Mortgage Note and/or the Mortgage), exercise
          its
          rights to accelerate the maturity of such Mortgage Loan under the “due-on-sale”
clause, if any, applicable thereto; provided, however, that the Servicer
          shall
          not be required to take such action if in its sole business judgment the
          Servicer believes it is not in the best interests of the Trust Fund and
          shall
          not exercise any such rights if prohibited by law from doing so. If the
          Servicer
          reasonably believes it is unable under applicable law to enforce such
“due-on-sale” clause, or if any of the other conditions set forth in the proviso
          to the preceding sentence apply, the Servicer will enter into an assumption
          and
          modification agreement from or with the person to whom such property has
          been
          conveyed or is proposed to be conveyed, pursuant to which such person becomes
          liable under the Mortgage Note and, to the extent permitted by applicable
          state
          law, the Mortgagor remains liable thereon. The Servicer is also authorized,
          to
          the extent permitted under the related Mortgage Note, to enter into a
          substitution of liability agreement with such person, pursuant to which
          the
          original Mortgagor is released from liability and such person is substituted
          as
          the Mortgagor and becomes liable under the Mortgage Note, provided that
          no such
          substitution shall be effective unless such person satisfies the current
          underwriting criteria of the Servicer for a mortgage loan similar to the
          related
          Mortgage Loan. In connection with any assumption, modification or substitution,
          the Servicer or agent of the Servicer shall apply such underwriting standards
          and follow such practices and procedures as shall be normal and usual in
          its
          general mortgage servicing activities and as it applies to other mortgage
          loans
          owned solely by it. The Servicer shall not take or enter into any assumption
          and
          modification agreement, however, unless (to the extent practicable in the
          circumstances) it shall have received confirmation, in writing, of the
          continued
          effectiveness of any applicable hazard insurance policy. Any fee collected
          by
          the Servicer in respect of an assumption, modification or substitution
          of
          liability agreement shall be retained by the Servicer as additional servicing
          compensation. In connection with any such assumption, no material term
          of the
          Mortgage Note (including but not limited to the related Mortgage Rate and
          the
          amount of the Monthly Payment) may be amended or modified, except as otherwise
          required pursuant to the terms thereof. The Servicer shall notify the Trustee
          that any such substitution, modification or assumption agreement has been
          completed by forwarding to the Trustee the executed original of such
          substitution, modification or assumption agreement, which document shall
          be
          added to the related Mortgage File and shall, for all purposes, be considered
          a
          part of such Mortgage File to the same extent as all other documents and
          instruments constituting a part thereof.

         

        Notwithstanding
          the foregoing paragraph or any other provision of this Agreement, the Servicer
          shall not be deemed to be in default, breach or any other violation of
          its
          obligations hereunder by reason of any assumption of a Mortgage Loan by
          operation of law or by the terms of the Mortgage Note or any assumption
          which
          the Servicer may be restricted by law from preventing, for any reason
          whatsoever. For purposes of this Section 3.15, the term “assumption” is deemed
          to also include a sale (of the Mortgaged Property) subject to the Mortgage
          that
          is not accompanied by an assumption or substitution of liability
          agreement.

         

        	SECTION
                3.16  	
                Realization
                  Upon Defaulted Mortgage Loans.

              

         

        (a)  The
          Servicer shall use its reasonable efforts, consistent with the Servicing
          Standard, to foreclose upon or otherwise comparably convert the ownership
          of
          properties securing such of the Mortgage Loans as come into and continue
          in
          default and as to which no satisfactory arrangements can be made for collection
          of delinquent payments pursuant to Section 3.07. Title to any such property
          shall be taken in the name of the Trustee or its nominee, on behalf of
          the
          Certificateholders, subject to applicable law. The Servicer shall be responsible
          for all costs and expenses incurred by it in any such proceedings; provided,
          however, that such costs and expenses will be recoverable as Servicing
          Advances
          by the Servicer as contemplated in Section 3.11(a) and Section 3.23. The
          foregoing is subject to the provision that, in any case in which a Mortgaged
          Property shall have suffered damage from an Uninsured Cause, the Servicer
          shall
          not be required to expend its own funds toward the restoration of such
          property
          unless it shall determine in its discretion that such restoration will
          increase
          the proceeds of liquidation of the related Mortgage Loan after reimbursement
          to
          itself for such expenses.

         

        (b)  Notwithstanding
          the foregoing provisions of this Section 3.16 or any other provision of
          this
          Agreement, with respect to any Mortgage Loan as to which the Servicer has
          received actual notice of, or has actual knowledge of, the presence of
          any toxic
          or hazardous substance on the related Mortgaged Property, the Servicer
          shall
          not, on behalf of the Trustee, either (i) obtain title to such Mortgaged
          Property as a result of or in lieu of foreclosure or otherwise, or (ii)
          otherwise acquire possession of, or take any other action with respect
          to, such
          Mortgaged Property, if, as a result of any such action, the Trustee, the
          Trust
          Fund or the Certificateholders would be considered to hold title to, to
          be a
“mortgagee-in-possession” of, or to be an “owner” or “operator” of such
          Mortgaged Property within the meaning of the Comprehensive Environmental
          Response, Compensation and Liability Act of 1980, as amended from time
          to time,
          or any comparable law, unless the Servicer has also previously determined,
          based
          on its reasonable judgment and a report prepared by a Person who regularly
          conducts environmental audits using customary industry standards,
          that:

         

        (A)  such
          Mortgaged Property is in compliance with applicable environmental laws
          or, if
          not, that it would be in the best economic interest of the Trust Fund to
          take
          such actions as are necessary to bring the Mortgaged Property into compliance
          therewith; and

         

        (B)  there
          are
          no circumstances present at such Mortgaged Property relating to the use,
          management or disposal of any hazardous substances, hazardous materials,
          hazardous wastes, or petroleum-based materials for which investigation,
          testing,
          monitoring, containment, clean-up or remediation could be required under
          any
          federal, state or local law or regulation, or that if any such materials
          are
          present for which such action could be required, that it would be in the
          best
          economic interest of the Trust Fund to take such actions with respect to
          the
          affected Mortgaged Property.

         

        Notwithstanding
          the foregoing, if such environmental audit reveals, or if the Servicer
          has
          actual knowledge or notice, that such Mortgaged Property contains such
          wastes or
          substances, the Servicer shall not foreclose or accept a deed in lieu of
          foreclosure without the prior written consent of the NIMS Insurer.

         

        The
          cost
          of the environmental audit report contemplated by this Section 3.16 shall
          be
          advanced by the Servicer, subject to the Servicer’s right to be reimbursed
          therefor from the Collection Account as provided in Section 3.11(a)(vii),
          such
          right of reimbursement being prior to the rights of Certificateholders
          to
          receive any amount in the Collection Account received in respect of the
          affected
          Mortgage Loan or other Mortgage Loans.

         

        If
          the
          Servicer determines, as described above, that it is in the best economic
          interest of the Trust Fund to take such actions as are necessary to bring
          any
          such Mortgaged Property into compliance with applicable environmental laws,
          or
          to take such action with respect to the containment, clean-up or remediation
          of
          hazardous substances, hazardous materials, hazardous wastes or petroleum-based
          materials affecting any such Mortgaged Property, then the Servicer shall
          take
          such action as it deems to be in the best economic interest of the Trust
          Fund;
          provided that any amounts disbursed by the Servicer pursuant to this Section
          3.16(b) shall constitute Servicing Advances, subject to Section 4.04(d).
          The
          cost of any such compliance, containment, clean-up or remediation shall
          be
          advanced by the Servicer, subject to the Servicer’s right to be reimbursed
          therefor from the Collection Account as provided in Section 3.11(a)(vii),
          such
          right of reimbursement being prior to the rights of Certificateholders
          to
          receive any amount in the Collection Account received in respect of the
          affected
          Mortgage Loan or other Mortgage Loans.

         

        (c)  The
          Servicer may, at its option, purchase a Mortgage Loan which has become
          90 or
          more days delinquent or for which the Servicer has accepted a deed in lieu
          of
          foreclosure. Prior to purchase pursuant to this Section 3.16(c), the Servicer
          shall be required to continue to make Advances pursuant to Section 4.04.
          The
          Servicer shall not use any procedure in selecting Mortgage Loans to be
          repurchased which is materially adverse to the interests of the
          Certificateholders. The Servicer shall purchase such delinquent Mortgage
          Loan at
          a price equal to the Purchase Price of such Mortgage Loan. Any such purchase
          of
          a Mortgage Loan pursuant to this Section 3.16(c) shall be accomplished
          by
          deposit in the Collection Account of the amount of the Purchase Price.
          Upon the
          satisfaction of the requirements set forth in Section 3.17(a), the Trustee
          shall
          immediately deliver the Mortgage File and any related documentation to
          the
          Servicer and will execute such documents provided to it as are necessary
          to
          convey the Mortgage Loan to the Servicer.

         

        (d)  Proceeds
          received in connection with any Final Recovery Determination, as well as
          any
          recovery resulting from a partial collection of Insurance Proceeds, Liquidation
          Proceeds or condemnation proceeds, in respect of any Mortgage Loan, will
          be
          applied in the following order of priority: first, to unpaid Servicing
          Fees;
          second, to reimburse the Servicer or any Sub-Servicer for any related
          unreimbursed Servicing Advances pursuant to Section 3.11(a)(iii) and Advances
          pursuant to Section 3.11(a)(ii); third, to accrued and unpaid interest
          on the
          Mortgage Loan, to the date of the Final Recovery Determination, or to the
          Due
          Date prior to the Distribution Date on which such amounts are to be distributed
          if not in connection with a Final Recovery Determination; and fourth, as
          a
          recovery of principal of the Mortgage Loan. The portion of the recovery
          so
          allocated to unpaid Servicing Fees shall be reimbursed to the Servicer
          or any
          Sub-Servicer pursuant to Section 3.11(a)(iii).

         

        	SECTION
                3.17  	
                Trustee
                  to Cooperate; Release of Mortgage Files.

              

         

        (a)  Upon
          the
          payment in full of any Mortgage Loan, or the receipt by the Servicer of
          a
          notification that payment in full shall be escrowed in a manner customary
          for
          such purposes, the Servicer shall deliver to the Custodian,
          in
          written (with two executed copies) or electronic format, a Request for
          Release
          in the form of Exhibit E hereto (which certification shall include a statement
          to the effect that all amounts received or to be received in connection
          with
          such payment which are required to be deposited in the Collection Account
          pursuant to Section 3.10 have been or will be so deposited) signed by a
          Servicing Officer (or in a mutually agreeable electronic format that will,
          in
          lieu of a signature on its face, originate from a Servicing Officer) and
          shall
          request delivery to it or its designee of the Mortgage File. Upon receipt
          of
          such certification and request, the Custodian, pursuant to the Custodial
          Agreement, shall release the related Mortgage File to the Servicer or its
          designee (which, shall be sent by overnight mail at the Servicer’s expense) and
          the Servicer is authorized to cause the removal from the registration on
          the
          MERS® System of any such Mortgage Loan, if applicable. Except as otherwise
          provided herein, no expenses incurred in connection with any instrument
          of
          satisfaction or deed of reconveyance shall be chargeable to the Collection
          Account or the Distribution Account.

         

        (b)  From
          time
          to time and as appropriate for the servicing or foreclosure of any Mortgage
          Loan, including, for this purpose, collection under any insurance policy
          relating to the Mortgage Loans, the Custodian, pursuant to the Custodial
          Agreement, shall, upon any request made by or on behalf of the Servicer
          and
          delivery to the Custodian of two executed copies of a written Request for
          Release in the form of Exhibit E hereto signed by a Servicing Officer (or
          in a
          mutually agreeable electronic format that will, in lieu of a signature
          on its
          face, originate from a Servicing Officer), release the related Mortgage
          File to
          the Servicer or its designee within three Business Days, which, shall be
          sent by
          overnight mail, at the expense of the Servicer or the related Mortgagor,
          and the
          Trustee (or the Custodian on behalf of the Trustee) shall, at the written
          direction of the Servicer, execute such documents provided to it by the
          Servicer
          as shall be necessary to the prosecution of any such proceedings. Such
          Request
          for Release shall obligate the Servicer to return each and every document
          previously requested from the Mortgage File to the Trustee (or the Custodian
          on
          behalf of the Trustee) when the need therefor by the Servicer no longer
          exists,
          unless the Mortgage Loan has been liquidated and the Liquidation Proceeds
          relating to the Mortgage Loan have been deposited in the Collection Account
          or
          the Mortgage File or such document has been delivered to an attorney, or
          to a
          public trustee or other public official as required by law, for purposes
          of
          initiating or pursuing legal action or other proceedings for the foreclosure
          of
          the Mortgaged Property either judicially or non-judicially, and the Servicer
          has
          delivered, or caused to be delivered, to the Custodian an additional Request
          for
          Release certifying as to such liquidation or action or proceedings. Upon
          the
          request of the Trustee (or the Custodian on behalf of the Trustee), the
          Servicer
          shall provide notice to the Trustee (or the Custodian on behalf of the
          Trustee)
          of the name and address of the Person to which such Mortgage File or such
          document was delivered and the purpose or purposes of such delivery. Upon
          receipt of a Request for Release, in written (with two executed copies)
          or
          electronic format (or in a mutually agreeable electronic format that will,
          in
          lieu of a signature on its face, originate from a Servicing Officer), from
          a
          Servicing Officer stating that such Mortgage Loan was liquidated and that
          all
          amounts received or to be received in connection with such liquidation
          that are
          required to be deposited into the Collection Account have been so deposited,
          or
          that such Mortgage Loan has become an REO Property, such Mortgage Loan
          shall be
          released by the Trustee (or the Custodian on behalf of the Trustee) to
          the
          Servicer or its designee within three Business Days.

         

        (c)  Upon
          written certification of a Servicing Officer, the Trustee (or the Custodian
          on
          behalf of the Trustee) shall execute and deliver to the Servicer or the
          Sub-Servicer, as the case may be, copies of any court pleadings, requests
          for
          trustee’s sale or other documents necessary to the foreclosure or trustee’s sale
          in respect of a Mortgaged Property or to any legal action brought to obtain
          judgment against any Mortgagor on the Mortgage Note or Mortgage or to obtain
          a
          deficiency judgment, or to enforce any other remedies or rights provided
          by the
          Mortgage Note or Mortgage or otherwise available at law or in equity. Each
          such
          certification shall include a request that such pleadings or documents
          be
          executed by the Trustee (or the Custodian on behalf of the Trustee) and
          a
          statement as to the reason such documents or pleadings are required and
          that the
          execution and delivery thereof by the Trustee (or the Custodian on behalf
          of the
          Trustee) will not invalidate or otherwise affect the lien of the Mortgage,
          except for the termination of such a lien upon completion of the foreclosure
          or
          trustee’s sale.

         

        	SECTION
                3.18  	
                Servicing
                  Compensation.

              

         

        As
          compensation for its activities hereunder, the Servicer shall be entitled
          to the
          Servicing Fee with respect to each Mortgage Loan payable solely from payments
          of
          interest in respect of such Mortgage Loan, subject to Section 3.24. In
          addition,
          the Servicer shall be entitled to recover unpaid Servicing Fees out of
          Insurance
          Proceeds, Liquidation Proceeds or condemnation proceeds to the extent permitted
          by Section 3.11(a)(iii) and out of amounts derived from the operation and
          sale
          of an REO Property to the extent permitted by Section 3.23. Except as provided
          in Section 3.29, the right to receive the Servicing Fee may not be transferred
          in whole or in part except in connection with the transfer of all of the
          Servicer’s responsibilities and obligations under this Agreement; provided,
          however, that the Servicer may pay from the Servicing Fee any amounts due
          to a
          Sub-Servicer pursuant to a Sub-Servicing Agreement entered into under Section
          3.02.

         

        Additional
          servicing compensation in the form of assumption fees, late payment charges,
          insufficient funds charges, ancillary income or otherwise (other than Prepayment
          Charges) shall be retained by the Servicer only to the extent such fees
          or
          charges are received by the Servicer. The Servicer shall also be entitled
          pursuant to Section 3.11(a)(iv) to withdraw from the Collection Account
          and
          pursuant to Section 3.23(b) to withdraw from any REO Account, as additional
          servicing compensation, interest or other income earned on deposits therein,
          subject to Section 3.12 and Section 3.24. The Servicer shall be required
          to pay
          all expenses incurred by it in connection with its servicing activities
          hereunder (including premiums for the insurance required by Section 3.14,
          to the
          extent such premiums are not paid by the related Mortgagors or by a
          Sub-Servicer, and servicing compensation of each Sub-Servicer) and shall
          not be
          entitled to reimbursement therefor except as specifically provided
          herein.

         

        The
          Servicer shall be entitled to any Prepayment Interest Excess, which it
          may
          withdraw from the Collection Account pursuant to Section
          3.11(a)(ix).

         

        	SECTION
                3.19  	
                Reports
                  to the Trustee; Collection Account
                  Statements.

              

         

        Not
          later
          than thirty days after each Distribution Date, the Servicer shall forward,
          upon
          request, to the NIMS Insurer and, upon request, to the Trustee and the
          Depositor
          the most current available bank statement for the Collection Account. Copies
          of
          such statement shall be provided by the Trustee to any Certificateholder
          and to
          any Person identified to the Trustee as a prospective transferee of a
          Certificate, upon request at the expense of the requesting party, provided
          such
          statement is delivered by the Servicer to the Trustee.

         

        	SECTION
                3.20  	
                Statement
                  as to Compliance.

              

         

        On
          or
          before March 1 of each calendar year, commencing in 2007, the Servicer
          shall
          deliver to the Trustee and the Depositor a statement of compliance (an
“Annual
          Statement of Compliance”) addressed to the Trustee and the Depositor, to the
          effect that (i) a review of the Servicer’s activities during the immediately
          preceding calendar year (or applicable portion thereof) and of its performance
          under this Agreement during such period has been made under such officer’s
          supervision, and (ii) to the best of such officers’ knowledge, based on such
          review, the Servicer has fulfilled all of its obligations under this Agreement
          in all material respects throughout such calendar year (or applicable portion
          thereof) or, if there has been a failure to fulfill any such obligation
          in any
          material respect, specifically identifying each such failure known to such
          officer and the nature and the status thereof.

         

        The
          Servicer shall deliver a similar Annual Statement of Compliance by any
          Sub-Servicer to which the Servicer has delegated any servicing responsibilities
          with respect to the Mortgage Loans, to the Trustee as described above as
          and
          when required with respect to the Servicer. 

         

        If
          the
          Servicer cannot deliver the related Annual Statement of Compliance by March
          1st
          of such
          year, the Depositor, may permit a cure period for the Servicer to deliver
          such
          Annual Statement of Compliance, but in no event later than March 20th
          of such
          year.

         

        Failure
          of the Servicer to timely comply with this Section 3.20 (taking into account
          the
          cure period if permitted as set forth in the preceding paragraph) shall
          be
          deemed an Event of Default, and the Trustee may, in addition to whatever
          rights
          the Trustee may have under this Agreement and at law or equity or to damages,
          including injunctive relief and specific performance give notice to Noteholders
          that they have ten Business Days to object. If no such objection is received,
          the Trustee shall immediately terminate all the rights and obligations
          of the
          Servicer under this Agreement and in and to the Mortgage Loans and the
          proceeds
          thereof without compensating the Servicer for the same (other than as provided
          herein with respect to unreimbursed Advances or Servicing Advances or accrued
          and unpaid Servicing Fees). This paragraph shall supersede any other provision
          in this Agreement or any other agreement to the contrary. 

         

        The
          Servicer shall indemnify and hold harmless the Depositor and the Trustee
          and
          their respective officers, directors and Affiliates from and against any
          actual
          losses, damages, penalties, fines, forfeitures, reasonable and necessary
          legal
          fees and related costs, judgments and other costs and expenses that such
          Person
          may sustain based upon a breach of the Servicer's obligations under this
          Section
          3.20.

         

        	SECTION
                3.21  	
                Assessments
                  of Compliance and Attestation Reports.

              

         

        Pursuant
          to Rules 13a-18 and 15d-18 of the Exchange Act and Item 1122 of Regulation
          AB,
          the Servicer shall deliver to the Trustee on or before March 1st
          of each
          calendar year beginning in 2007, a report regarding the Servicer’s assessment of
          compliance (an “Assessment of Compliance”) with the applicable Servicing
          Criteria (as set forth in Exhibit S) during the preceding calendar year.
          The
          Assessment of Compliance must contain the following:

         

        (a)  A
          statement by such officer of its responsibility for assessing compliance
          with
          the Servicing Criteria applicable to the Servicer;

         

        (b)  A
          statement by such officer that such officer used the Servicing Criteria,
          and
          which will also be attached to the Assessment of Compliance, to assess
          compliance with the Servicing Criteria applicable to the Servicer;

         

        (c)  An
          assessment by such officer of the Servicer’s compliance with the applicable
          Servicing Criteria for the period consisting of the preceding calendar
          year,
          including disclosure of any material instance of noncompliance with respect
          thereto during such period, which assessment shall be based on the activities
          it
          performs with respect to asset-backed securities transactions taken as
          a whole
          involving the Servicer, that are backed by the same asset type as the Mortgage
          Loans;

         

        (d)  A
          statement that a registered public accounting firm has issued an attestation
          report on the Servicer’s Assessment of Compliance for the period consisting of
          the preceding calendar year; and

         

        (e)  A
          statement as to which of the Servicing Criteria, if any, are not applicable
          to
          the Servicer, which statement shall be based on the activities it performs
          with
          respect to asset-backed securities transactions taken as a whole involving
          the
          Servicer, that are backed by the same asset type as the Mortgage
          Loans.

         

        Such
          report at a minimum shall address each of the Servicing Criteria specified
          on
          Exhibit S hereto which are indicated as applicable to the Servicer.

         

        On
          or
          before March 1st
          of each
          calendar year beginning in 2007, the Servicer shall furnish to the Trustee
          a
          report of a registered public accounting firm reasonably acceptable to
          the
          Trustee and the Depositor (an “Attestation Report”). Such Attestation Report
          shall be in accordance with Rules 1 02(a)(3) and 2-02(g) of Regulation
          S-X under
          the Securities Act and the Exchange Act. 

         

        The
          Servicer shall cause and any Sub-Servicer, and each subcontractor determined
          by
          the Servicer to be “participating in the servicing function” within the meaning
          of Item 1122 of Regulation AB, to deliver to the Trustee and the Depositor
          an
          Assessment of Compliance and Attestation Report as and when provided
          above.

         

        Such
          Assessment of Compliance, as to any Sub-Servicer, shall address each of
          the
          Servicing Criteria applicable to the Sub-Servicer. Notwithstanding the
          foregoing, as to any subcontractor determined by the Servicer to be
“participating in the servicing function,” an Assessment of Compliance is not
          required to be delivered unless it is required as part of a Form 10-K with
          respect to the Trust Fund.

         

        If
          the
          Servicer cannot deliver any Assessment of Compliance or Attestation Report
          by
          March 1st
          of such
          year, the Depositor, may permit a cure period for the Servicer to deliver
          such
          Assessment of Compliance or Attestation Report, but in no event later than
          March
          25th
          of such
          year.

         

        Failure
          of the Servicer to timely comply with this Section 3.21 (taking into account
          the
          cure period if permitted as set forth in the preceding paragraph) shall
          be
          deemed an Event of Default, and the Trustee may, in addition to whatever
          rights
          the Trustee may have under this Agreement and at law or equity or to damages,
          including injunctive relief and specific performance, give notice to Noteholders
          that they have ten Business Days to object. If no such objection is received,
          the Indenture Trustee shall immediately terminate all the rights and obligations
          of the Servicer under this Agreement and in and to the Mortgage Loans and
          the
          proceeds thereof without compensating the Servicer for the same (other
          than as
          provided herein with respect to unreimbursed Advances or Servicing Advances
          or
          accrued and unpaid Servicing Fees). This paragraph shall supersede any
          other
          provision in this Agreement or any other agreement to the contrary.

         

        Each
          of
          the
          Trustee
          and the
          Credit Risk Manager
          shall
          also provide an Assessment of Compliance (with respect to items (a) - (d)
          but
          not (e) above) and Attestation Report, as and when provided above, which
          shall
          at a minimum address each of the Servicing Criteria specified on Exhibit
          S
          hereto which are indicated as applicable to the “trustee” or the “credit risk
          manager”, as applicable. Notwithstanding the foregoing, as to any trustee, an
          Assessment of Compliance is not required to be delivered unless it is required
          as part of a Form 10-K with respect to the Trust Fund.

         

        Each
          of
          the Servicer,
          the
          Trustee
          and the
Credit
          Risk Manager
          shall
          indemnify and hold harmless the Depositor and the Trustee, as applicable
          and its
          officers, directors and Affiliates from and against any actual losses,
          damages,
          penalties, fines, forfeitures, reasonable and necessary legal fees and
          related
          costs, judgments and other costs and expenses that such Person may sustain
          based
          upon a breach of the Servicer’s,
          the
          Trustee’s
          or the
Credit
          Risk Manager’s
          obligations, as applicable, under this Section 3.21.

         

        	SECTION
                3.22  	
                Access
                  to Certain Documentation; Filing of Reports by
                  Trustee.

              

         

        (a)  The
          Servicer shall provide to the Office of Thrift Supervision, the FDIC, and
          any
          other federal or state banking or insurance regulatory authority that may
          exercise authority over any Certificateholder, access to the documentation
          regarding the Mortgage Loans required by applicable laws and regulations.
          Such
          access shall be afforded without charge, but only upon reasonable request
          and
          during normal business hours at the offices of the Servicer designated
          by it. In
          addition, access to the documentation regarding the Mortgage Loans will
          be
          provided to the Trustee, the NIMS Insurer and to any Person identified
          to the
          Servicer as a prospective transferee of a Certificate, upon reasonable
          request
          during normal business hours at the offices of the Servicer designated
          by it, at
          the expense of the Person requesting such access.

         

        	SECTION
                3.23  	
                Title,
                  Management and Disposition of REO
                  Property.

              

         

        (a)  The
          deed
          or certificate of sale of any REO Property shall, subject to applicable
          laws, be
          taken in the name of the Trustee, or its nominee, in trust for the benefit
          of
          the Certificateholders. The Servicer, on behalf of REMIC 1, shall sell
          any REO
          Property as soon as practicable and in any event no later than the end
          of the
          third full taxable year after the taxable year in which such REMIC acquires
          ownership of such REO Property for purposes of Section 860G(a)(8) of the
          Code or
          request from the Internal Revenue Service, no later than 60 days before
          the day
          on which the three-year grace period would otherwise expire, an extension
          of
          such three-year period, unless the Servicer shall have delivered to the
          Trustee
          and the NIMS Insurer an Opinion of Counsel acceptable to the NIMS Insurer
          and
          addressed to the Trustee, the NIMS Insurer and the Depositor, to the effect
          that
          the holding by the REMIC of such REO Property subsequent to three years
          after
          its acquisition will not result in the imposition on the REMIC of taxes
          on
“prohibited transactions” thereof, as defined in Section 860F of the Code, or
          cause any of the REMICs created hereunder to fail to qualify as a REMIC
          under
          Federal law at any time that any Certificates are outstanding. The Servicer
          shall manage, conserve, protect and operate each REO Property for the
          Certificateholders solely for the purpose of its prompt disposition and
          sale in
          a manner which does not cause such REO Property to fail to qualify as
“foreclosure property” within the meaning of Section 860G(a)(8) of the Code or
          result in the receipt by any of the REMICs created hereunder of any “income from
          non-permitted assets” within the meaning of Section 860F(a)(2)(B) of the Code,
          or any “net income from foreclosure property” which is subject to taxation under
          the REMIC Provisions.

         

        (b)  The
          Servicer shall separately account for all funds collected and received
          in
          connection with the operation of any REO Property and shall establish and
          maintain, or cause to be established and maintained, with respect to REO
          Properties an account held in trust for the Trustee for the benefit of
          the
          Certificateholders (the “REO Account”), which shall be an Eligible Account. The
          Servicer shall be permitted to allow the Collection Account to serve as
          the REO
          Account, subject to separate ledgers for each REO Property. The Servicer
          shall
          be entitled to retain or withdraw any interest income paid on funds deposited
          in
          the REO Account.

         

        (c)  The
          Servicer shall have full power and authority, subject only to the specific
          requirements and prohibitions of this Agreement, to do any and all things
          in
          connection with any REO Property as are consistent with the manner in which
          the
          Servicer manages and operates similar property owned by the Servicer or
          any of
          its Affiliates, all on such terms and for such period (subject to the
          requirement of prompt disposition set forth in Section 3.23(a)) as the
          Servicer
          deems to be in the best interests of Certificateholders. In connection
          therewith, the Servicer shall deposit, or cause to be deposited in the
          REO
          Account, in no event more than two Business Days after the Servicer’s receipt
          thereof, all revenues received by it with respect to an REO Property and
          shall
          withdraw therefrom funds necessary for the proper operation, management
          and
          maintenance of such REO Property including, without limitation:

         

        (i)  all
          insurance premiums due and payable in respect of such REO Property;

         

        (ii)  all
          real
          estate taxes and assessments in respect of such REO Property that may result
          in
          the imposition of a lien thereon; and

         

        (iii)  all
          costs
          and expenses necessary to maintain, operate and dispose of such REO
          Property.

         

        To
          the
          extent that amounts on deposit in the REO Account with respect to an REO
          Property are insufficient for the purposes set forth in clauses (i) through
          (iii) above with respect to such REO Property, the Servicer shall advance
          from
          its own funds such amount as is necessary for such purposes if, but only
          if, the
          Servicer would make such advances if the Servicer owned the REO Property
          and if
          in the Servicer’s judgment, the payment of such amounts will be recoverable from
          the rental or sale of the REO Property.

         

        Notwithstanding
          the foregoing, neither the Servicer nor the Trustee shall:

         

        (A)  authorize
          the Trust Fund to enter into, renew or extend any New Lease with respect
          to any
          REO Property, if the New Lease by its terms will give rise to any income
          that
          does not constitute Rents from Real Property;

         

        (B)  authorize
          any amount to be received or accrued under any New Lease other than amounts
          that
          will constitute Rents from Real Property;

         

        (C)  authorize
          any construction on any REO Property, other than the completion of a building
          or
          other improvement thereon, and then only if more than ten percent of the
          construction of such building or other improvement was completed before
          default
          on the related Mortgage Loan became imminent, all within the meaning of
          Section
          856(e)(4)(B) of the Code; or

         

        (D)  authorize
          any Person to Directly Operate any REO Property on any date more than 90
          days
          after its date of acquisition by the Trust Fund;

         

        unless,
          in any such case, the Servicer has obtained an Opinion of Counsel, provided
          to
          the Trustee and the NIMS Insurer, to the effect that such action will not
          cause
          such REO Property to fail to qualify as “foreclosure property” within the
          meaning of Section 860G(a)(8) of the Code at any time that it is held by
          the
          REMIC, in which case the Servicer may take such actions as are specified
          in such
          Opinion of Counsel.

         

        The
          Servicer may contract with any Independent Contractor for the operation
          and
          management of any REO Property, provided that:

         

        (E)  the
          terms
          and conditions of any such contract shall not be inconsistent
          herewith;

         

        (F)  any
          such
          contract shall require, or shall be administered to require, that the
          Independent Contractor pay all costs and expenses incurred in connection
          with
          the operation and management of such REO Property, including those listed
          above
          and remit all related revenues (net of such costs and expenses) to the
          Servicer
          as soon as practicable, but in no event later than thirty days following
          the
          receipt thereof by such Independent Contractor;

         

        (G)  none
          of
          the provisions of this Section 3.23(c) relating to any such contract or
          to
          actions taken through any such Independent Contractor shall be deemed to
          relieve
          the Servicer of any of its duties and obligations to the Trustee on behalf
          of
          the Certificateholders with respect to the operation and management of
          any such
          REO Property; and

         

        (H)  the
          Servicer shall be obligated with respect thereto to the same extent as
          if it
          alone were performing all duties and obligations in connection with the
          operation and management of such REO Property.

         

        The
          Servicer shall be entitled to enter into any agreement with any Independent
          Contractor performing services for it related to its duties and obligations
          hereunder for indemnification of the Servicer by such Independent Contractor,
          and nothing in this Agreement shall be deemed to limit or modify such
          indemnification. The Servicer shall be solely liable for all fees owed
          by it to
          any such Independent Contractor, irrespective of whether the Servicer’s
          compensation pursuant to Section 3.18 is sufficient to pay such fees; provided,
          however, that to the extent that any payments made by such Independent
          Contractor would constitute Servicing Advances if made by the Servicer,
          such
          amounts shall be reimbursable as Servicing Advances made by the
          Servicer.

         

        (d)  In
          addition to the withdrawals permitted under Section 3.23(c), the Servicer
          may
          from time to time make withdrawals from the REO Account for any REO Property:
          (i) to pay itself or any Sub-Servicer unpaid Servicing Fees in respect
          of the
          related Mortgage Loan; and (ii) to reimburse itself or any Sub-Servicer
          for
          unreimbursed Servicing Advances and Advances made in respect of such REO
          Property or the related Mortgage Loan. On the Servicer Remittance Date,
          the
          Servicer shall withdraw from each REO Account maintained by it and deposit
          into
          the Distribution Account in accordance with Section 3.10(d)(ii), for
          distribution on the related Distribution Date in accordance with Section
          4.01,
          the income from the related REO Property received during the prior calendar
          month, net of any withdrawals made pursuant to Section 3.23(c) or this
          Section
          3.23(d).

         

        (e)  Subject
          to the time constraints set forth in Section 3.23(a), each REO Disposition
          shall
          be carried out by the Servicer in a manner, at such price and upon such
          terms
          and conditions as shall be normal and usual in the Servicing
          Standard.

         

        (f)  The
          proceeds from the REO Disposition, net of any amount required by law to
          be
          remitted to the Mortgagor under the related Mortgage Loan and net of any
          payment
          or reimbursement to the Servicer or any Sub-Servicer as provided above,
          shall be
          deposited in the Distribution Account in accordance with Section 3.10(d)(ii)
          on
          the Servicer Remittance Date in the month following the receipt thereof
          for
          distribution on the related Distribution Date in accordance with Section
          4.01.
          Any REO Disposition shall be for cash only (unless changes in the REMIC
          Provisions made subsequent to the Startup Day allow a sale for other
          consideration).

         

        (g)  The
          Servicer shall file information returns with respect to the receipt of
          mortgage
          interest received in a trade or business, reports of foreclosures and
          abandonments of any Mortgaged Property and cancellation of indebtedness
          income
          with respect to any Mortgaged Property as required by the Code. Such reports
          shall be in form and substance sufficient to meet the reporting requirements
          of
          the Code.

         

        	SECTION
                3.24  	
                Obligations
                  of the Servicer in Respect of Prepayment Interest
                  Shortfalls.

              

         

        Not
          later
          than 1:00 p.m. New York time on each Servicer Remittance Date, the Servicer
          shall remit to the Distribution Account an amount (“Compensating Interest”)
          equal to the lesser of (A) the aggregate of the Prepayment Interest Shortfalls
          for the related Distribution Date and (B) its aggregate Servicing Fee received
          in the related Due Period. The Servicer shall not have the right to
          reimbursement for any amounts remitted to the Trustee in respect of Compensating
          Interest. Such amounts so remitted shall be included in the Available Funds
          and
          distributed therewith on the next Distribution Date. The Servicer shall
          not be
          obligated to pay Compensating Interest with respect to Relief Act Interest
          Shortfalls.

         

        	SECTION
                3.25  	
                [Reserved].

              

         

        	SECTION
                3.26  	
                Obligations
                  of the Servicer in Respect of Mortgage Rates and Monthly
                  Payments.

              

         

        In
          the
          event that a shortfall in any collection on or liability with respect to
          the
          Mortgage Loans in the aggregate results from or is attributable to adjustments
          to Mortgage Rates, Monthly Payments or Stated Principal Balances that were
          made
          by the Servicer in a manner not consistent with the terms of the related
          Mortgage Note and this Agreement, the Servicer, upon discovery or receipt
          of
          notice thereof, immediately shall deposit in the Collection Account from
          its own
          funds the amount of any such shortfall and shall indemnify and hold harmless
          the
          Trust Fund, the Trustee, the Depositor and any successor servicer in respect
          of
          any such liability. Such indemnities shall survive the termination or discharge
          of this Agreement. Notwithstanding the foregoing, this Section 3.26 shall
          not
          limit the ability of the Servicer to seek recovery of any such amounts
          from the
          related Mortgagor under the terms of the related Mortgage Note, as permitted
          by
          law.

         

        	SECTION
                3.27  	
                [Reserved].

              

         

        	SECTION
                3.28  	
                Solicitations.

              

         

        From
          and
          after the Closing Date, the Servicer agrees that it will not take any
          action or permit or cause any action to be taken by any of its agents and
          Affiliates, or by any independent
          contractors or independent mortgage brokerage companies on the Servicer's
          behalf,
          to personally, by telephone, mail or electronic mail, solicit the Mortgagor
          under any Mortgage
          Loan for the purpose of refinancing such Mortgage Loan; provided, that
          the
Servicer
          may solicit any Mortgagor for whom the Servicer has received a request
          for
verification
          of mortgage, a request for demand for payoff, a mortgagor initiated written
          or
          verbal communication
          indicating a desire to prepay the related Mortgage Loan, another mortgage
          company
          has pulled a credit report on the mortgagor or the mortgagor initiates
          a title
          search; provided
          further, it is understood and agreed that promotions undertaken by the
          Servicer
or
          any of
          its Affiliates which (i) concern optional insurance products or other additional
          products or
          (ii)
          are directed to the general public at large, including, without limitation,
          mass
          mailings based
          on
          commercially acquired mailing lists, newspaper, radio and television
          advertisements shall
          not
          constitute solicitation under this Section, nor is the Servicer prohibited
          from
responding
          to unsolicited requests or inquiries made by a Mortgagor or an agent of
          a
          Mortgagor.  Furthermore,
          the Servicer shall be permitted to include in its monthly statements to
          borrowers
          or otherwise, statements regarding the availability of the Servicer's counseling
          services
          with respect to refinancing mortgage loans.

         

        	SECTION
                3.29  	
                Advance
                  Facility.

              

         

        The
          Servicer, with the consent of the NIMS Insurer, is hereby authorized to
          enter
          into a financing or other facility (any such arrangement, an “Advance Facility”)
          under which (1) the Servicer sells, assigns or pledges to another Person
          (together with such Person’s successors and assigns, an “Advancing Person”) the
          Servicer’s rights under this Agreement to be reimbursed for any Advances or
          Servicing Advances and/or (2) an Advancing Person agrees to fund some or
          all
          Advances and/or Servicing Advances required to be made by the Servicer
          pursuant
          to this Agreement. No consent of the Depositor, the Trustee, the
          Certificateholders or any other party (other than the NIMS Insurer consent)
          shall be required before the Servicer may enter into an Advance Facility.
          The
          Servicer shall notify the NIMS Insurer and each other party to this Agreement
          prior to or promptly after entering into or terminating any Advance Facility.
          Notwithstanding the existence of any Advance Facility under which an Advancing
          Person agrees to fund Advances and/or Servicing Advances on the Servicer’s
          behalf, the Servicer shall remain obligated pursuant to this Agreement
          to make
          Advances and Servicing Advances pursuant to and as required by this Agreement.
          If the Servicer enters into an Advance Facility, and for so long as an
          Advancing
          Person remains entitled to receive reimbursement for any Advances including
          Nonrecoverable Advances (“Advance Reimbursement Amounts”) and/or Servicing
          Advances including Nonrecoverable Advances (“Servicing Advance Reimbursement
          Amounts” and together with Advance Reimbursement Amounts, “Reimbursement
          Amounts”) (in each case to the extent such type of Reimbursement Amount is
          included in the Advance Facility), as applicable, pursuant to this Agreement,
          then the Servicer shall identify such Reimbursement Amounts consistent
          with the
          reimbursement rights set forth in Section 3.11(a)(ii), (iii), (vi) and
          (vii) and
          remit such Reimbursement Amounts in accordance with Section 3.10(b) or
          otherwise
          in accordance with the documentation establishing the Advance Facility
          to such
          Advancing Person or to a trustee, agent or custodian (an “Advance Facility
          Trustee”) designated by such Advancing Person. Notwithstanding the foregoing, if
          so required pursuant to the terms of the Advance Facility, the Servicer
          may
          direct, and if so directed the Trustee is hereby authorized to and shall
          pay to
          the Advance Facility Trustee the Reimbursement Amounts identified pursuant
          to
          the preceding sentence. Notwithstanding anything to the contrary herein,
          in no
          event shall Advance Reimbursement Amounts or Servicing Advance Reimbursement
          Amounts be included in the Available Funds or distributed to
          Certificateholders.

         

        If
          the
          terms of a facility proposed to be entered into with an Advancing Person
          by the
          Trust Fund would not materially and adversely affect the interests of any
          Certificateholder, then the NIMS Insurer shall not withhold its consent
          to the
          Trust Fund’s entering such facility.

         

        Reimbursement
          Amounts shall consist solely of amounts in respect of Advances and/or Servicing
          Advances made with respect to the Mortgage Loans for which the Servicer
          would be
          permitted to reimburse itself in accordance with this Agreement, assuming
          the
          Servicer or the Advancing Person had made the related Advance(s) and/or
          Servicing Advance(s). Notwithstanding the foregoing, except with respect
          to
          reimbursement of Nonrecoverable Advances as set forth in this Agreement,
          no
          Person shall be entitled to reimbursement from funds held in the Collection
          Account for future distribution to Certificateholders pursuant to this
          Agreement. None of the Depositor or the Trustee shall have any duty or
          liability
          with respect to the calculation of any Reimbursement Amount, nor shall
          the
          Depositor or the Trustee have any responsibility to track or monitor the
          administration of the Advance Facility or the payment of Reimbursement
          Amounts
          to the related Advancing Person or Advance Facility Trustee. The Servicer
          shall
          maintain and provide to any successor servicer and (upon request) the Trustee
          a
          detailed accounting on a loan by loan basis as to amounts advanced by,
          sold,
          pledged or assigned to, and reimbursed to any Advancing Person. The successor
          servicer shall be entitled to rely on any such information provided by
          the
          predecessor servicer, and the successor servicer shall not be liable for
          any
          errors in such information. Any successor Servicer shall reimburse the
          predecessor Servicer and itself for outstanding Advances and Servicing
          Advances,
          respectively, with respect to each Mortgage Loan on a first in, first out
          (“FIFO”) basis; provided that the successor Servicer has received prior written
          notice from the predecessor Servicer or the Advancing Person of reimbursement
          amounts owed to the predecessor Servicer. Liquidation Proceeds with respect
          to a
          Mortgage Loan shall be applied to reimburse Advances outstanding with respect
          to
          that Mortgage Loan before being applied to reimburse Servicing Advances
          outstanding with respect to that Mortgage Loan.

         

        An
          Advancing Person who receives an assignment or pledge of the rights to
          be
          reimbursed for Advances and/or Servicing Advances, and/or whose obligations
          hereunder are limited to the funding or purchase of Advances and/or Servicing
          Advances shall not be required to meet the criteria for qualification of
          a
          subservicer set forth in this Agreement.

         

        Upon
          the
          direction of and at the expense of the Servicer, the Trustee agrees to
          execute
          such acknowledgments provided by the Servicer recognizing the interests
          of any
          Advance Facility Trustee in such Reimbursement Amounts as the Servicer
          may cause
          to be made subject to Advance Facilities pursuant to this Section
          3.29.

         

        The
          Servicer shall remain entitled to be reimbursed for all Advances and Servicing
          Advances funded by the Servicer to the extent the related rights to be
          reimbursed therefor have not been sold, assigned or pledged to an Advancing
          Person.

         

        The
          Servicer shall indemnify the Depositor, the Trustee, the NIMS Insurer,
          any
          successor servicer and the Trust Fund for any loss, liability or damage
          resulting from any claim by the related Advancing Person, except to the
          extent
          that such claim, loss, liability or damage resulted from or arose out of
          negligence, recklessness or willful misconduct or breach of its duties
          hereunder
          on the part of the Depositor, the Trustee, the NIMS Insurer or any successor
          servicer.

         

        Any
          amendment to this Section 3.29 or to any other provision of this Agreement
          that
          may be necessary or appropriate to effect the terms of an Advance Facility
          as
          described generally in this Section 3.29, including amendments to add provisions
          relating to a successor servicer, may be entered into by the Trustee, the
          Depositor and the Servicer without the consent of any Certificateholder
          but with
          the consent of the NIMS Insurer, provided such amendment complies with
          Section
          11.01 hereof. All reasonable costs and expenses (including attorneys’ fees) of
          each party hereto of any such amendment shall be borne solely by the Servicer.
          Prior to entering into an Advance Facility, the Servicer shall notify the
          Advancing Person in writing that: (a) the Advances and/or Servicing Advances
          purchased, financed by and/or pledged to the Advancing Person are obligations
          owed to the Servicer on a non-recourse basis payable only from the cash
          flows
          and proceeds received under this Agreement for reimbursement of Advances
          and/or
          Servicing Advances only to the extent provided herein, and the Trustee
          and the
          Trust are not otherwise obligated or liable to repay any Advances and/or
          Servicing Advances financed by the Advancing Person and (b) the Trustee
          shall
          not have any responsibility to track or monitor the administration of the
          Advance Facility between the Servicer and the Advancing Person.

         

        

         

         

        
          
             

          

          
             

            
              

            

          

          
             

          

        

        ARTICLE
          IV

        FLOW
          OF
          FUNDS

         

        	SECTION
                4.01  	
                Distributions.

              

         

        (a)  (I)
          On
          each Distribution Date, the Trustee shall, first, withdraw from the Distribution
          Account an amount equal to the Credit Risk Manager Fee for such Distribution
          Date and shall pay such amount to the Credit Risk Manager and, then, withdraw
          that portion of Available Funds for such Distribution Date consisting of
          the
          Group I Interest Remittance Amount for such Distribution Date, and make
          the
          following disbursements and transfers in the order of priority described
          below,
          in each case to the extent of the Group I Interest Remittance Amount remaining
          for such Distribution Date:

         

        (i)  to
          the
          Holders of the Group I Certificates, the Monthly Interest Distributable
          Amount
          and the Unpaid Interest Shortfall Amount, if any, for such Class;
          and

         

        (ii)  concurrently,
          to the Holders of the Group II Certificates, on a pro
          rata basis
          based on the entitlement of each such Class, an amount equal to the excess,
          if
          any, of (x) the amount required to be distributed pursuant to Section
          4.01(a)(II)(i) below for such Distribution Date over (y) the amount actually
          distributed pursuant to such clause from the Group II Interest Remittance
          Amount.

         

        (II) On
          each
          Distribution Date the Trustee shall withdraw from the Distribution Account
          that
          portion of Available Funds for such Distribution Date consisting of the
          Group II
          Interest Remittance Amount for such Distribution Date, and make the following
          disbursements and transfers in the order of priority described below, in
          each
          case to the extent of the Group II Interest Remittance Amount remaining
          for such
          Distribution Date.

         

        (iii)  concurrently,
          to the Holders of the Group II Certificates, on a pro
          rata
          basis
          based on the entitlement of each such Class, the Monthly Interest Distributable
          Amount and the Unpaid Interest Shortfall Amount, if any, for each such
          Class;
          and

         

        (iv)  to
          the
          Holders of the Group I Certificates, an amount equal to the excess, if
          any, of
          (x) the amount required to be distributed pursuant to Section 4.01(a)(I)(i)
          above for such Distribution Date over (y) the amount actually distributed
          pursuant to such clause from the Group I Interest Remittance
          Amount.

         

        (III) On
          each
          Distribution Date, distributions to the extent of the sum of the Group
          I
          Interest Remittance Amount and the Group II Interest Remittance Amount
          remaining
          undistributed for such Distribution Date shall be distributed sequentially,
          to
          the Holders of the Class M-1 Certificates, the Class M-2 Certificates,
          the Class
          M-3 Certificates, the Class M-4 Certificates, the Class M-5 Certificates,
          the
          Class M-6 Certificates, the Class M-7 Certificates, the Class M-8 Certificates
          and the Class M-9 Certificates, in that order, in an amount equal to the
          Monthly
          Interest Distributable Amount for each such Class.

         

        (b)  (I)On
          each
          Distribution Date (a) prior to the Stepdown Date or (b) on which
          a
          Trigger Event is in effect, distributions in respect of principal to the
          extent
          of the Group I Principal Distribution Amount shall be made in the following
          amounts and order of priority:

         

        (i)  to
          the
          Holders of the Group I Certificates, until the Certificate Principal Balance
          thereof has been reduced to zero; and

         

        (ii)  after
          taking into account the amount distributed to the Holders of the Group
          II
          Certificates pursuant to Section 4.01(b)(II)(i) below on such Distribution
          Date,
          to the Holders of the Group II Certificates (allocated among the Group
          II
          Certificates in the priority described below), until the Certificate Principal
          Balances thereof have been reduced to zero.

         

        (II) On
          each
          Distribution Date (a) prior to the Stepdown Date or (b) on which a Trigger
          Event
          is in effect, distributions in respect of principal to the extent of the
          Group
          II Principal Distribution Amount shall be made in the following amounts
          and
          order of priority:

         

        (iii)  to
          the
          Holders of the Group II Certificates
          (allocated among Group II Certificates in the priority described
          below),
          until
          the Certificate Principal Balances thereof have been reduced to zero;
          and

         

        (iv)  after
          taking into account the amount distributed to the Holders of the Group
          I
          Certificates pursuant to Section 4.01(b)(I)(i) above on such Distribution
          Date,
          to the Holders of the Group I Certificates, until the Certificate Principal
          Balance thereof has been reduced to zero.

         

        (III) On
          each
          Distribution Date (a) prior to the Stepdown Date or (b) on which a Trigger
          Event
          is in effect, distributions in respect of principal to the extent of the
          sum of
          the Group I Principal Distribution Amount and the Group II Principal
          Distribution Amount remaining undistributed for such Distribution Date
          shall be
          distributed sequentially, to the Holders of the Class M-1 Certificates,
          the
          Class M-2 Certificates, the Class M-3 Certificates, the Class M-4 Certificates,
          the Class M-5 Certificates, the Class M-6 Certificates, the Class M-7
          Certificates, the Class M-8 Certificates and the Class M-9 Certificates,
          in that
          order, in each case, until the Certificate Principal Balance thereof has
          been
          reduced to zero.

         

        (IV) On
          each
          Distribution Date (a) on or after the Stepdown Date and (b) on which a
          Trigger
          Event is not in effect, distributions in respect of principal to the extent
          of
          the Group I Principal Distribution Amount shall be made in the following
          amounts
          and order of priority:

         

        (v)  to
          the
          Holders of the Group I Certificates, the Group I Senior Principal Distribution
          Amount until the Certificate Principal Balance thereof has been reduced
          to zero;
          and

         

        (vi)  to
          the
          Holders of the Group II Certificates (allocated among Group II Certificates
          in
          the priority described below), an amount equal to the excess, if any, of
          (x) the
          amount required to be distributed pursuant to Section 4.01(c)(V)(i) below
          for
          such Distribution Date over (y) the amount actually distributed pursuant
          to
          Section 4.01(c)(V)(i) below from the Group II Principal Distribution Amount
          on
          such Distribution Date.

         

        (V) On
          each
          Distribution Date (a) on or after the Stepdown Date and (b) on which a
          Trigger
          Event is not in effect, distributions in respect of principal to the extent
          of
          the Group II Principal Distribution Amount shall be made in the following
          amounts and order of priority:

         

        (vii)  to
          the
          Holders of the Group II Certificates (allocated among Group II Certificates
          in
          the priority described below), the Group II Senior Principal Distribution
          Amount
          until the Certificate Principal Balances thereof have been reduced to zero;
          and

         

        (viii)  to
          the
          Holders of the Group I Certificates, an amount equal to the excess, if
          any, of
          (x) the amount required to be distributed pursuant to Section 4.01(c)(IV)(i)
          above for such Distribution Date over (y) the amount actually distributed
          pursuant to Section 4.01(c)(IV)(i) above from the Group I Principal Distribution
          Amount on such Distribution Date.

         

        (VI) On
          each
          Distribution Date (a) on or after the Stepdown Date and (b) on which a
          Trigger
          Event is not in effect, distributions in respect of principal to the extent
          of
          the sum of the Group I Principal Distribution Amount and the Group II Principal
          Distribution Amount remaining undistributed for such Distribution Date
          shall be
          made in the following amounts and order of priority:

         

        (ix)  sequentially,
          to the Holders of the Class M-1 Certificates, the Class M-2 Certificates
          and the
          Class M-3 Certificates, in that order, the Sequential Class M Principal
          Distribution Amount until the Certificate Principal Balances thereof have
          been
          reduced to zero;

         

        (x)  to
          the
          Holders of the Class M-4 Certificates, the Class M-4 Principal Distribution
          Amount until the Certificate Principal Balance thereof has been reduced
          to
          zero;

         

        (xi)  to
          the
          Holders of the Class M-5 Certificates, the Class M-5 Principal Distribution
          Amount until the Certificate Principal Balance thereof has been reduced
          to
          zero;

         

        (xii)  to
          the
          Holders of the Class M-6 Certificates, the Class M-6 Principal Distribution
          Amount until the Certificate Principal Balance thereof has been reduced
          to
          zero;

         

        (xiii)  to
          the
          Holders of the Class M-7 Certificates, the Class M-7 Principal Distribution
          Amount until the Certificate Principal Balance thereof has been reduced
          to
          zero;

         

        (xiv)  to
          the
          Holders of the Class M-8 Certificates, the Class M-8 Principal Distribution
          Amount until the Certificate Principal Balance thereof has been reduced
          to zero;
          and 

         

        (xv)  to
          the
          Holders of the Class M-9 Certificates, the Class M-9 Principal Distribution
          Amount until the Certificate Principal Balance thereof has been reduced
          to
          zero.

         

        With
          respect to the Group II Certificates, all principal distributions will
          be
          distributed sequentially, first, to the Holders of the Class II-A-1
          Certificates, until the Certificate Principal Balance of the Class II-A1
          Certificates has been reduced to zero; second, to the Holders of the Class
          II-A2
          Certificates, until the Certificate Principal Balance of the Class II-A2
          Certificates has been reduced to zero; third,
          to
          the Holders of the Class II-A3 Certificates, until the Certificate Principal
          Balance of the Class II-A3 Certificates has been reduced to zero
          and
          fourth, to the Holders of the Class II-A4 Certificates, until the Certificate
          Principal Balance of the Class II-A4 Certificates has been reduced to zero;
          provided, however, on any Distribution Date on which the aggregate Certificate
          Principal Balance of the Mezzanine Certificates and the Class C Certificates
          has
          been reduced to zero, all principal distributions will be distributed
          concurrently, to the Holders of the Class A Certificates, on a pro
          rata
          basis
          based on the Certificate Principal Balance of each such Class.

         

        (c)  On
          each
          Distribution Date, the Net Monthly Excess Cashflow shall be distributed
          as
          follows:

         

        (i)  to
          the
          Holders of the Class or Classes of Certificates then entitled to receive
          distributions in respect of principal, in an amount equal to any Extra
          Principal
          Distribution Amount, without taking into account amounts, if any, received
          under
          the Interest Rate Swap Agreement, distributable to such Holders as part
          of the
          Group I Principal Distribution Amount and/or the Group II Principal Distribution
          Amount as described under Section 4.01(b) above;

         

        (ii)  sequentially,
          to the Holders of the Class M-1 Certificates, Class M-2 Certificates, Class
          M-3
          Certificates, Class M-4 Certificates, Class M-5 Certificates, Class M-6
          Certificates, Class M-7 Certificates, Class M-8 Certificates and Class
          M-9
          Certificates, in that order, in each case, first, up to the Unpaid Interest
          Shortfall Amount for each such Class and second, up to the Allocated Realized
          Loss Amount, for each such Class;

         

        (iii)  to
          the
          Net WAC Rate Carryover Reserve Account, the amount of any Net WAC Rate
          Carryover
          Amounts, taking into account amounts, if any, received under the Basis
          Risk Cap
          Agreement but without taking into account amounts, if any, received by
          the
          Supplemental Interest Trust Trustee under the Interest Rate Swap Agreement
          or
          the Cap Trustee under the Interest Rate Cap Agreement;

         

        (iv)  to
          the
          Supplemental Interest Trust Trustee for payment to the Swap Provider, any
          Swap
          Termination Payments resulting from a Swap Provider Trigger Event;

         

        (v)  to
          the
          Holders of the Class C Certificates, (a) the Monthly Interest Distributable
          Amount for such Distribution Date and any Overcollateralization Release
          Amount
          for such Distribution Date and (b) on any Distribution Date on which the
          Certificate Principal Balances of the Floating Rate Certificates have been
          reduced to zero, any remaining amounts in reduction of the Certificate
          Principal
          Balance of the Class C Certificates, until the Certificate Principal Balance
          thereof has been reduced to zero;

         

        (vi)  if
          such
          Distribution Date follows the Prepayment Period during which occurs the
          latest
          date on which a Prepayment Charge may be required to be paid in respect
          of any
          Mortgage Loans, to the Holders of the Class P Certificates, in reduction
          of the
          Certificate Principal Balance thereof, until the Certificate Principal
          Balance
          thereof is reduced to zero; and

         

        (vii)  any
          remaining amounts to the Holders of the Residual Certificates (in respect
          of the
          Class R-3 Interest).

         

        (d)  On
          each
          Distribution Date, after making the distributions of the Available Funds
          as set
          forth above, the Trustee shall withdraw from the Net WAC Rate Carryover
          Reserve
          Account, to the extent of amounts remaining on deposit therein, the aggregate
          of
          any Net WAC Rate Carryover Amounts for such Distribution Date and distribute
          such amount in the following order of priority:

         

        (i)  concurrently,
          to each Class of Class A Certificates, the related Basis Risk Cap Amount,
          from
          payments made under the Basis Risk Cap Agreement, in each case up to a
          maximum
          amount equal to the related Net WAC Rate Carryover Amount for such Distribution
          Date;

         

        (ii)  sequentially,
          the Class M-1 Certificates, the Class M-2 Certificates, the Class M-3
          Certificates, the Class M-4 Certificates, the Class M-5 Certificates, the
          Class
          M-6 Certificates, the Class M-7 Certificates, the Class M-8 Certificates
          and the
          Class M-9 Certificates, in that order, the related Basis Risk Cap Amount,
          from
          payments made under the Basis Risk Cap Agreement, in each case up to a
          maximum
          amount equal to the related Net WAC Rate Carryover Amount for such Distribution
          Date;

         

        (iii)  concurrently,
          to each Class of Class A Certificates, the related Net WAC Rate Carryover
          Amount, on a pro
          rata
          basis
          based on the Net WAC Rate Carryover Amount for each such Class; and

         

        (iv)  sequentially,
          to the Holders of the Class M-1 Certificates, the Class M-2 Certificates,
          the
          Class M-3 Certificates, the Class M-4 Certificates, the Class M-5 Certificates,
          the Class M-6 Certificates, the Class M-7 Certificates, the Class M-8
          Certificates and the Class M-9 Certificates, in that order, the related
          Net WAC
          Rate Carryover Amount.

         

        (e)  On
          or
          before each Distribution Date, Net Swap Payments (whether payable to the
          Swap
          Provider or to the Supplemental Interest Trust Trustee), any Swap Termination
          Payment owed to the Swap Provider not resulting from a Swap Provider Trigger
          Event pursuant to the Interest Rate Swap Agreement and any Swap Termination
          Payments owed to the Supplemental Interest Trust Trustee will be deposited
          by
          the Supplemental Interest Trust Trustee into the Swap Account. On each
          Distribution Date, the Trustee shall withdraw from amounts on deposit in
          the
          Swap Account (other than amounts representing Swap Termination Payments
          received
          by the Supplemental Interest Trust Trustee or Net Swap Payments received
          by the
          Supplemental Interest Trust Trustee) prior to any distribution to any
          Certificates as follows:

         

        (1)  to
          the
          Swap Provider, any Net Swap Payment owed to the Swap Provider pursuant
          to the
          Interest Rate Swap Agreement for such Distribution Date;

         

        (2)  to
          the
          Swap Provider, any Swap Termination Payment owed to the Swap Provider not
          due to
          a Swap Provider Trigger Event pursuant to the Interest Rate Swap Agreement
          and
          to the extent not paid by the Trustee (in its capacity as Supplemental
          Interest
          Trust Trustee) from any upfront payment received pursuant to any replacement
          interest rate swap agreement;

         

        (f)  On
          each
          Distribution Date, after making the distributions of the Available Funds,
          Net
          Monthly Excess Cashflow and amounts on deposit in the Net WAC Rate Carryover
          Reserve Account as set forth above, the Trustee shall distribute the amount
          on
          deposit in the Swap Account as follows:

         

        (i)  concurrently,
          to each Class of Class A Certificates, the related Monthly Interest
          Distributable Amount and Unpaid Interest Shortfall Amount remaining
          undistributed, on a pro
          rata
          basis
          based on such respective remaining Monthly Interest Distributable Amount
          and
          Unpaid Interest Shortfall Amount;

         

        (ii)  sequentially,
          to the Class M-1, Class M-2, Class M-3, Class M-4, Class M-5, Class M-6,
          Class
          M-7, Class M-8 and Class M-9, in that order, the related Monthly Interest
          Distributable Amount and Unpaid Interest Shortfall Amount, to the extent
          remaining undistributed;

         

        (iii)  to
          the
          Holders of the Class or Classes of Certificates then entitled to receive
          distributions in respect of principal, in an amount equal to any Extra
          Principal
          Distribution Amount, distributable to such Holders as part of the Group
          I
          Principal Distribution Amount and/or the Group II Principal Distribution
          Amount;

         

        (iv)  sequentially
          to the Class M-1, Class M-2, Class M-3, Class M-4, Class M-5, Class M-6,
          Class
          M-7, Class M-8 and Class M-9 Certificates, in that order, in each case
          up to the
          related Allocated Realized Loss Amount related to such Certificates for
          such
          Distribution Date remaining undistributed;

         

        (v)  concurrently,
          to each Class of Class A Certificates, the related Net WAC Rate Carryover
          Amount, to the extent remaining undistributed on a pro
          rata
          basis
          based on such respective Net WAC Rate Carryover Amounts remaining;
          

         

        (vi)  sequentially,
          to the Class M-1, Class M-2, Class M-3, Class M-4, Class M-5, Class M-6,
          Class
          M-7, Class M-8 and Class M-9 Certificates, in that order, the related Net
          WAC
          Rate Carryover Amount, to the extent remaining undistributed; and

         

        (vii)  any
          remaining amounts to the Holders of the Class C Certificates.

         

        Notwithstanding
          any of the foregoing, the aggregate amount distributed under Section 4.01(e)(iv)
          above on such Distribution Date, when added to the cumulative amount distributed
          under 4.01(e)(iv) above on all prior Distribution Dates, will not be permitted
          to exceed the cumulative amount of Realized Losses incurred on the Mortgage
          Loans since the Cut-off Date through the last day of the related Prepayment
          Period (reduced by the aggregate amount of Subsequent Recoveries received
          since
          the Cut-off date through the last day of the related Prepayment Period).
          Any
          amounts that would otherwise be distributable from the Supplemental Interest
          Trust on any Distribution Date under 4.01(e)(iv) above, but for the foregoing
          proviso, will be retained in the Supplemental Interest Trust and will be
          included in amounts available for distribution from the Supplemental Interest
          Trust on the next succeeding Distribution Date, subject to the foregoing
          proviso
          in the case of amounts to be distributed under 4.01(e)(iv) above.

         

        (g)  On
          each
          Distribution Date, after making the distributions of the Available Funds,
          Net
          Monthly Excess Cashflow, amounts on deposit in the Net WAC Rate Carryover
          Reserve Account and amounts on deposit in the Swap Account as set forth
          above,
          the Trustee shall distribute the amount on deposit in the Cap Account as
          follows:

         

        (i)    concurrently,
          to each Class of Class A Certificates, the related Monthly Interest
          Distributable Amount and Unpaid Interest Shortfall Amount remaining
          undistributed after the distributions of the Group I Interest Remittance
          Amount
          and the Group II Interest Remittance Amount, on a pro
          rata
          basis
          based on such respective remaining Monthly Interest Distributable Amount
          and
          Unpaid Interest Shortfall Amount;

         

        (ii)    sequentially,
          to the Class M-1, Class M-2, Class M-3, Class M-4, Class M-5, Class M-6,
          Class
          M-7, Class M-8 and Class M-9 Certificates, in that order, the related Monthly
          Interest Distributable Amount and Unpaid Interest Shortfall Amount, to
          the
          extent remaining undistributed after the distributions of the Group I Interest
          Remittance Amount, the Group II Interest Remittance Amount, the Net Monthly
          Excess Cashflow and amounts on deposit in the Swap Account;

         

        (iii)    to
          the
          Holders of the Class or Classes of Certificates then entitled to receive
          distributions in respect of principal, in an amount equal to any Extra
          Principal
          Distribution Amount, without taking into account amounts, if any, received
          under
          the Interest Rate Swap Agreement, distributable to such Holders as part
          of the
          Group I Principal Distribution Amount and/or the Group II Principal Distribution
          Amount, after taking into account distributions made pursuant to Section
          4.01(a)(4)(i) and Section 4.01(e)(v);

         

        (iv)    sequentially
          to the Class M-1, Class M-2, Class M-3, Class M-4, Class M-5, Class M-6,
          Class
          M-7, Class M-8 and Class M-9 Certificates, in that order, in each case
          up to the
          related Allocated Realized Loss Amount related to such Certificates for
          such
          Distribution Date remaining undistributed;

         

        (v)    concurrently,
          to each Class of Class A Certificates, the related Net WAC Rate Carryover
          Amount, to the extent remaining undistributed after distributions are made
          from
          the Net WAC Rate Carryover Reserve Account, on a pro
          rata
          basis
          based on such respective Net WAC Rate Carryover Amounts remaining
          undistributed;

         

        (vi)    sequentially,
          to the Class M-1, Class M-2, Class M-3, Class M-4, Class M-5, Class M-6,
          Class
          M-7, Class M-8 and Class M-9 Certificates, in that order, the related Net
          WAC
          Rate Carryover Amount, to the extent remaining undistributed; and

         

        (vii)    any
          remaining amount to the Holders of the Class C Certificates.

         

        (h)  On
          each
          Distribution Date, all amounts representing Prepayment Charges in respect
          of the
          Mortgage Loans received during the related Prepayment Period and any Servicer
          Prepayment Charge Payment Amounts paid by the Servicer during the related
          Prepayment Period will be withdrawn from the Distribution Account and
          distributed by the Trustee to the Holders of the Class P Certificates and
          shall
          not be available for distribution to the Holders of any other Class of
          Certificates. The payment of the foregoing amounts to the Holders of the
          Class P
          Certificates shall not reduce the Certificate Principal Balances
          thereof.

         

        (i)  The
          Trustee shall make distributions in respect of a Distribution Date to each
          Certificateholder of record on the related Record Date (other than as provided
          in Section 10.01 respecting the final distribution), in the case of
          Certificateholders of the Regular Certificates, by check or money order
          mailed
          to such Certificateholder at the address appearing in the Certificate Register,
          or by wire transfer. Distributions among Certificateholders shall be made
          in
          proportion to the Percentage Interests evidenced by the Certificates held
          by
          such Certificateholders.

         

        (j)  Each
          distribution with respect to a Book-Entry Certificate shall be paid to
          the
          Depository, which shall credit the amount of such distribution to the accounts
          of its Depository Participants in accordance with its normal procedures.
          Each
          Depository Participant shall be responsible for disbursing such distribution
          to
          the Certificate Owners that it represents and to each indirect participating
          brokerage firm (a “brokerage firm” or “indirect participating firm”) for which
          it acts as agent. Each brokerage firm shall be responsible for disbursing
          funds
          to the Certificate Owners that it represents. All such credits and disbursements
          with respect to a Book-Entry Certificate are to be made by the Depository
          and
          the Depository Participants in accordance with the provisions of the
          Certificates. None of the Trustee, the Depositor or the Servicer shall
          have any
          responsibility therefor except as otherwise provided by applicable
          law.

         

        On
          each
          Distribution Date, following the foregoing distributions, an amount equal
          to the
          amount of Subsequent Recoveries deposited into the Collection Account pursuant
          to Section 3.10 shall be applied to increase the Certificate Principal
          Balance
          of the Class of Certificates with the Highest Priority up to the extent
          of such
          Realized Losses previously allocated to that Class of Certificates pursuant
          to
          Section 4.08. An amount equal to the amount of any remaining Subsequent
          Recoveries shall be applied to increase the Certificate Principal Balance
          of the
          Class of Certificates with the next Highest Priority, up to the amount
          of such
          Realized Losses previously allocated to that Class of Certificates pursuant
          to
          Section 4.08. Holders of such Certificates will not be entitled to any
          distribution in respect of interest on the amount of such increases for
          any
          Interest Accrual Period preceding the Distribution Date on which such increase
          occurs. Any such increases shall be applied to the Certificate Principal
          Balance
          of each Certificate of such Class in accordance with its respective Percentage
          Interest.

         

        (k)  It
          is the
          intention of all of the parties hereto that the Class C Certificates receive
          all
          principal and interest received by the Trust on the Mortgage Loans that
          is not
          otherwise distributable to any other Class of Regular Certificates or REMIC
          Regular Interests and that the Residual Certificates are to receive no
          principal
          and interest. If the Trustee determines that the Residual Certificates
          are
          entitled to any distributions, the Trustee, prior to any such distribution
          to
          any Residual Certificate, shall notify the Depositor of such impending
          distribution but shall make such distribution in accordance with the terms
          of
          this Agreement until this Agreement is amended as specified in the following
          sentence. Upon such notification, the Depositor will request an amendment
          to the
          Pooling and Servicing Agreement to revise such mistake in the distribution
          provisions. The Residual Certificate Holders, by acceptance of their
          Certificates, and the Servicer(s), hereby agree to any such amendment and
          no
          further consent shall be necessary, notwithstanding anything to the contrary
          in
          Section 11.01 of this Pooling and Servicing Agreement; provided, however,
          that
          such amendment shall otherwise comply with Section 11.01 hereof.

         

        	SECTION
                4.02  	
                [Reserved].

              

         

        	SECTION
                4.03  	
                Statements.

              

         

        (a)  On
          each
          Distribution Date, based, as applicable, on information provided to it
          by the
          Servicer, the Trustee shall prepare and make available to each Holder of
          the
          Regular Certificates, the NIMS Insurer, the Servicer and the Rating Agencies,
          a
          statement as to the distributions made on such Distribution Date:

         

        (i)  the
          amount of the distribution made on such Distribution Date to the Holders
          of each
          Class of Regular Certificates, separately identified, allocable to principal
          and
          the amount of the distribution made to the Holders of the Class P Certificates
          allocable to Prepayment Charges and Servicer Prepayment Charge Payment
          Amounts;

         

        (ii)  the
          amount of the distribution made on such Distribution Date to the Holders
          of each
          Class of Regular Certificates (other than the Class P Certificates) allocable
          to
          interest, separately identified;

         

        (iii)  the
          Net
          Monthly Excess Cashflow, the Overcollateralized Amount, the
          Overcollateralization Release Amount, the Overcollateralization Deficiency
          Amount and the Overcollateralization Target Amount and the Senior Credit
          Enhancement Percentage as of such Distribution Date and the Excess
          Overcollateralized Amount for the Mortgage Pool for such Distribution
          Date;

         

        (iv)  the
          fees
          and expenses of the Trust Fund accrued and paid on such Distribution Date
          and to
          whom such fees and expenses were paid;

         

        (v)  the
          aggregate amount of Advances for the related Due Period (including the
          general
          purpose of such Advances);

         

        (vi)  the
          aggregate Principal Balance of the Mortgage Loans and any REO Properties
          as of
          the end of the related Due Period;

         

        (vii)  the
          number, aggregate Stated Principal Balance, weighted average remaining
          term to
          maturity and weighted average Mortgage Rate of the Mortgage Loans as of
          the
          related Determination Date;

         

        (viii)  the
          number and aggregate unpaid Stated Principal Balance of Mortgage Loans
          that were
          (A) Delinquent (exclusive of Mortgage Loans in bankruptcy or foreclosure and REO
          Properties) using the OTS Method (as described below) (1) 30 to 59 days,
          (2) 60
          to 89 days and (3) 90 or more days, (B) as to which foreclosure proceedings
          have
          been commenced and Delinquent (1) 30 to 59 days, (2) 60 to 89 days and
          (3) 90 or
          more days, (C) in bankruptcy and Delinquent (1) 30 to 59 days, (2) 60 to
          89 days
          and (3) 90 or more days, in each case as of the Close of Business on the
          last
          day of the calendar month preceding such Distribution Date and (D) REO
          Properties, as well as the aggregate principal balance of Mortgage Loans
          that
          were liquidated and the net proceeds resulting therefrom;

         

        (ix)  the
          total
          number and cumulative Stated Principal Balance of all REO Properties as
          of the
          Close of Business of the last day of the calendar month preceding the related
          Distribution Date;

         

        (x)  the
          aggregate amount of Principal Prepayments made during the related Prepayment
          Period, separately indicating Principal Prepayments in full and Principal
          Prepayments in part;

         

        (xi)  the
          aggregate amount of Realized Losses incurred during the related Prepayment
          Period and the cumulative amount of Realized Losses and the aggregate amount
          of
          Subsequent Recoveries received during the related Prepayment Period and
          the
          cumulative amount of Subsequent Recoveries received since the Closing
          Date;

         

        (xii)  the
          aggregate amount of extraordinary Trust Fund expenses withdrawn from the
          Collection Account or the Distribution Account for such Distribution
          Date;

         

        (xiii)  the
          Certificate Principal Balance of each Class of Floating Rate Certificates
          and
          the Class C Certificates, before and after giving effect to the distributions,
          and allocations of Realized Losses, made on such Distribution Date;

         

        (xiv)  the
          Monthly Interest Distributable Amount in respect of each Class of Floating
          Rate
          Certificates and the Class C Certificates for such Distribution Date and
          the
          Unpaid Interest Shortfall Amount, if any, with respect to each Class of
          Floating
          Rate Certificates and the Class C Certificates for such Distribution
          Date;

         

        (xv)  the
          aggregate amount of any Prepayment Interest Shortfalls for such Distribution
          Date, to the extent not covered by payments by the Servicer pursuant to
          Section
          3.24;

         

        (xvi)  the
          Net
          WAC Rate Carryover Amount for each Class of Floating Rate Certificates,
          if any,
          for such Distribution Date and the amount remaining unpaid after reimbursements
          therefor on such Distribution Date;

         

        (xvii)  whether
          the Stepdown Date or a Trigger Event has occurred, the Delinquency Percentage
          for such Distribution Date and the Realized Loss Percentage for such
          Distribution Date;

         

        (xviii)  the
          total
          cashflows received and the general sources thereof (including amounts received
          from the Supplemental Interest Trust Trustee under the Interest Rate Swap
          Agreement, from the Cap Trustee under the Interest Rate Cap Agreement and
          from
          the Trustee under the Basis Risk Cap Agreement);

         

        (xix)  the
          respective Pass-Through Rates applicable to each Class of Floating Rate
          Certificates and the Class C Certificates for such Distribution Date and
          the
          Pass-Through Rate applicable to each Class of Floating Rate Certificates
          for the
          immediately succeeding Distribution Date; 

         

        (xx)  the
          amount of any Net Swap Payments or Swap Termination Payments paid to the
          Swap
          Provider; and

         

        (xxi)  the
          applicable Record Dates, Accrual Periods and Determination Dates for calculating
          distributions for such Distribution Date. 

         

        The
          Trustee will make such statement (and, at its option, any additional files
          containing the same information in an alternative format) available each
          month
          to Certificateholders, the NIMS Insurer, the Credit Risk Manager and the
          Rating
          Agencies via the Trustee’s internet website. The Trustee’s internet website
          shall initially be located at “https://www.tss.db.com/invr”. Assistance in using
          the website can be obtained by calling the Trustee’s customer service desk at
          (800) 735-7777. Parties that are unable to use the above distribution option
          are
          entitled to have a paper copy mailed to them via first class mail by calling
          the
          customer service desk and indicating such. The Trustee shall have the right
          to
          change the way such statements are distributed in order to make such
          distribution more convenient and/or more accessible to the above parties
          and the
          Trustee shall provide timely and adequate notification to all above parties
          regarding any such changes. As a condition to access to the Trustee’s internet
          website, the Trustee may require registration and the acceptance of a
          disclaimer. The Trustee will not be liable for the dissemination of information
          in accordance with this Agreement. The Trustee shall also be entitled to
          rely on
          but shall not be responsible for the content or accuracy of any information
          provided by third parties for purposes of preparing the Distribution Date
          statement and may affix thereto any disclaimer it deems appropriate in
          its
          reasonable discretion (without suggesting liability on the part of any
          other
          party thereto).

         

        In
          the
          case of information furnished pursuant to subclauses (i) and (ii) above,
          the
          amounts shall be expressed in a separate section of the report as a dollar
          amount for each Class for each $1,000 original dollar amount as of the
          Cut-off
          Date.

         

        For
          all
          purposes of this Agreement, with respect to any Mortgage Loan, delinquencies
          shall be determined by the Trustee from information provided by the Servicer
          and
          reported by the Trustee based on the “OTS” methodology for determining
          delinquencies on mortgage loans similar to the Mortgage Loans. By way of
          example, a Mortgage Loan would be Delinquent with respect to a Monthly
          Payment
          due on a Due Date if such Monthly Payment is not made by the close of business
          on the Mortgage Loan’s next succeeding Due Date, and a Mortgage Loan would be
          more than 30-days Delinquent with respect to such Monthly Payment if such
          Monthly Payment were not made by the close of business on the Mortgage
          Loan’s
          second succeeding Due Date. The Servicer hereby represents and warrants
          to the
          Depositor that this delinquency recognition policy is not less restrictive
          than
          any delinquency recognition policy established by the primary safety and
          soundness regulator, if any, of the Servicer.

         

        (b)  Within
          a
          reasonable period of time after the end of each calendar year, the Trustee
          shall, upon written request, furnish to the NIMS Insurer and each Person
          who at
          any time during the calendar year was a Certificateholder of a Regular
          Certificate, if requested in writing by such Person, such information as
          is
          reasonably necessary to provide to such Person a statement containing the
          information set forth in subclauses (i) and (ii) above, aggregated for
          such
          calendar year or applicable portion thereof during which such Person was
          a
          Certificateholder. Such obligation of the Trustee shall be deemed to have
          been
          satisfied to the extent that substantially comparable information shall
          be
          prepared and furnished by the Trustee to Certificateholders pursuant to
          any
          requirements of the Code as are in force from time to time.

         

        (c)  On
          each
          Distribution Date, the Trustee shall make available to the NIMS Insurer
          and the
          Residual Certificateholders a copy of the reports forwarded to the Regular
          Certificateholders in respect of such Distribution Date with such other
          information as the Trustee deems necessary or appropriate.

         

        (d)  Within
          a
          reasonable period of time after the end of each calendar year, the Trustee
          shall
          deliver to the NIMS Insurer, upon request, and each Person who at any time
          during the calendar year was a Residual Certificateholder, if requested
          in
          writing by such Person, such information as is reasonably necessary to
          provide
          to such Person a statement containing the information provided pursuant
          to the
          previous paragraph aggregated for such calendar year or applicable portion
          thereof during which such Person was a Residual Certificateholder. Such
          obligation of the Trustee shall be deemed to have been satisfied to the
          extent
          that substantially comparable information shall be prepared and furnished
          to
          Certificateholders by the Trustee pursuant to any requirements of the Code
          as
          from time to time in force.

         

        	SECTION
                4.04  	
                Remittance
                  Reports; Advances.

              

         

        (a)  By
          the
          second Business Day following each Determination Date, but in no event
          later
          than such date which would allow the indenture trustee to submit a claim
          to the
          NIMS Insurer under the Indenture so as to allow a timely payment by the
          NIMS
          Insurer under the insurance policy related to the notes insured by the
          NIMS
          Insurer, the Servicer shall deliver or cause to be delivered to the Trustee
          by
          telecopy or electronic mail (or by such other means as the Servicer and
          the
          Trustee may agree from time to time) up to two Remittance Reports with
          respect
          to the related Distribution Date, which Remittance Reports the Trustee
          shall use
          in preparing the statement pursuant to Section 4.03. No later than the
          second
          Business Day following each Determination Date, the Servicer shall deliver
          or
          cause to be delivered to the Trustee in addition to the information provided
          on
          the Remittance Report, such other information reasonably available to it
          with
          respect to the Mortgage Loans as the Trustee may reasonably require to
          perform
          the calculations necessary to make the distributions contemplated by Section
          4.01, to prepare the statements to Certificateholders contemplated by Section
          4.03 and to prepare the Form 10-D contemplated by Section 4.07. The Trustee
          shall not be responsible to recompute, recalculate or verify any information
          provided to it by the Servicer.

         

        (b)  The
          amount of Advances to be made by the Servicer for any Distribution Date
          shall
          equal, subject to Section 4.04(d), the sum of (i) the aggregate amount
          of
          Monthly Payments (net of the related Servicing Fee), due during the related
          Due
          Period in respect of the Mortgage Loans, which Monthly Payments were delinquent
          on a contractual basis as of the Close of Business on the related Determination
          Date and (ii) with respect to each REO Property, which REO Property was
          acquired
          during or prior to the related Due Period and as to which REO Property
          an REO
          Disposition did not occur during the related Due Period, an amount equal
          to the
          excess, if any, of the REO Imputed Interest on such REO Property for the
          most
          recently ended calendar month, over the net income from such REO Property
          transferred to the Distribution Account pursuant to Section 3.23 for
          distribution on such Distribution Date. 

         

        On
          or
          before 3:00 p.m. New York time on the Servicer Remittance Date, the Servicer
          shall remit in immediately available funds to the Trustee for deposit in
          the
          Distribution Account an amount equal to the aggregate amount of Advances,
          if
          any, to be made in respect of the Mortgage Loans and REO Properties for
          the
          related Distribution Date either (i) from its own funds or (ii) from the
          Collection Account, to the extent of funds held therein for future distribution
          (in which case it will cause to be made an appropriate entry in the records
          of
          Collection Account that amounts held for future distribution have been,
          as
          permitted by this Section 4.04, used by the Servicer in discharge of any
          such
          Advance) or (iii) in the form of any combination of (i) and (ii) aggregating
          the
          total amount of Advances to be made by the Servicer with respect to the
          Mortgage
          Loans and REO Properties. Any amounts held for future distribution used
          by the
          Servicer to make an Advance as permitted in the preceding sentence or withdrawn
          by the Servicer as permitted in Section 3.11(a)(ii) in reimbursement for
          Advances previously made shall be appropriately reflected in the Servicer’s
          records and replaced by the Servicer by deposit in the Collection Account
          on or
          before any future Servicer Remittance Date to the extent that the Available
          Funds for the related Distribution Date (determined without regard to Advances
          to be made on the Servicer Remittance Date) shall be less than the total
          amount
          that would be distributed to the Classes of Certificateholders pursuant
          to
          Section 4.01 on such Distribution Date if such amounts held for future
          distributions had not been so used to make Advances. The Trustee will provide
          notice to the NIMS Insurer and the Servicer by telecopy by the Close of
          Business
          on any Servicer Remittance Date in the event that the amount remitted by
          the
          Servicer to the Trustee on such date is less than the Advances required
          to be
          made by the Servicer for the related Distribution Date, as set forth in
          the
          related Remittance Report.

         

        (c)  The
          obligation of the Servicer to make such Advances is mandatory, notwithstanding
          any other provision of this Agreement but subject to (d) below, and, with
          respect to any Mortgage Loan, shall continue until the Mortgage Loan is
          paid in
          full or until all Liquidation Proceeds thereon have been recovered, or
          a Final
          Recovery Determination has been made thereon.

         

        (d)  Notwithstanding
          anything herein to the contrary, no Advance or Servicing Advance shall
          be
          required to be made hereunder by the Servicer if such Advance or Servicing
          Advance would, if made, constitute a Nonrecoverable Advance. The determination
          by the Servicer that it has made a Nonrecoverable Advance or that any proposed
          Advance or Servicing Advance, if made, would constitute a Nonrecoverable
          Advance, shall be evidenced by an Officers’ Certificate of the Servicer
          delivered to the NIMS Insurer, the Depositor and the Trustee. Furthermore,
          the
          Servicer shall not be required to advance Relief Act Interest
          Shortfalls.

         

        	SECTION
                4.05  	
                Swap
                  Account.

              

         

        (a)  On
          the
          Closing Date, there is hereby established a separate trust (the “Supplemental
          Interest Trust”), into which the Depositor shall deposit the Interest Rate Swap
          Agreement. The Supplemental Interest Trust shall be maintained by the
          Supplemental Interest Trust Trustee. No later than the Closing Date, the
          Supplemental Interest Trust Trustee shall establish and maintain a separate,
          segregated trust account to be held in the Supplemental Interest Trust,
          titled,
“Swap Account, Deutsche Bank National Trust Company, as Supplemental Interest
          Trust Trustee, in trust for the registered Certificateholders of First
          Franklin
          Mortgage Loan Trust 2006-FF16, Asset-Backed Certificates, Series 2006-FF16.”
Such account shall be an Eligible Account and funds on deposit therein
          shall be
          held separate and apart from, and shall not be commingled with, any other
          moneys, including, without limitation, other moneys of the Trustee held
          pursuant
          to this Agreement. Amounts therein shall be held uninvested.

         

        (b)  On
          each
          Distribution Date, prior to any distribution to any Certificate, the
          Supplemental Interest Trust Trustee shall deposit into the Swap Account:
          (i) the
          amount of any Net Swap Payment or Swap Termination Payment (other than
          any Swap
          Termination Payment resulting from a Swap Provider Trigger Event) owed
          to the
          Swap Provider (after taking into account any upfront payment received from
          the
          counterparty to a replacement interest rate swap agreement) from funds
          collected
          and received with respect to the Mortgage Loans prior to the determination
          of
          Available Funds. For federal income tax purposes, any amounts paid to the
          Swap
          Provider on each Distribution Date shall first be deemed paid to the Swap
          Provider in respect of REMIC 6 Regular Interest SWAP IO to the extent of
          the
          amount distributable on REMIC 6 Regular Interest SWAP IO on such Distribution
          Date, and any remaining amount shall be deemed paid to the Swap Provider
          in
          respect of a Class IO Distribution Amount (as defined below).

         

        (c)  It
          is the
          intention of the parties hereto that, for federal and state income and
          state and
          local franchise tax purposes, the Supplemental Interest Trust be disregarded
          as
          an entity separate from the Holder of the Class C Certificates unless and
          until
          the date when either (a) there is more than one Class C Certificateholder
          or (b)
          any Class of Certificates in addition to the Class C Certificates is
          recharacterized as an equity interest in the Supplemental Interest Trust
          for
          federal income tax purposes, in which case it is the intention of the parties
          hereto that, for federal and state income and state and local franchise
          tax
          purposes, the Supplemental Interest Trust be treated as a partnership.
          The
          Supplemental Interest Trust will be an “outside reserve fund” within the meaning
          of Treasury Regulation Section 1.860G-2(h).

         

        (d)  To
          the
          extent that the Supplemental Interest Trust is determined to be a separate
          legal
          entity from the Supplemental Interest Trust Trustee, any obligation of
          the
          Supplemental Interest Trust Trustee under the Interest Rate Swap Agreement
          shall
          be deemed to be an obligation of the Supplemental Interest Trust.

         

        (e)  The
          Trustee shall treat the Holders of Certificates (other than the Class P,
          Class
          C, Class R and Class R-X Certificates) as having entered into a notional
          principal contract with respect to the Holders of the Class C Certificates.
          Pursuant to each such notional principal contract, all Holders of Certificates
          (other than the Class P, Class C, Class R and Class R-X Certificates) shall
          be
          treated as having agreed to pay, on each Distribution Date, to the Holder
          of the
          Class C Certificates an aggregate amount equal to the excess, if any, of
          (i) the
          amount payable on such Distribution Date on the REMIC 3 Regular Interest
          corresponding to such Class of Certificates over (ii) the amount payable
          on such
          Class of Certificates on such Distribution Date (such excess, a “Class IO
          Distribution Amount”). A Class IO Distribution Amount payable from interest
          collections shall be allocated pro
          rata
          among
          such Certificates based on the excess of (a) the amount of interest otherwise
          payable to such Certificates over (ii) the amount of interest payable to
          such
          Certificates at a per annum rate equal to the Net WAC Rate, and a Class
          IO
          Distribution Amount payable from principal collections shall be allocated
          to the
          most subordinate Class of Certificates with an outstanding principal balance
          to
          the extent of such balance. In addition, pursuant to such notional principal
          contract, the Holder of the Class C Certificates shall be treated as having
          agreed to pay Net WAC Rate Carryover Amounts to the Holders of the Certificates
          (other than the Class C, Class P, Class R and Class R-X Certificates) in
          accordance with the terms of this Agreement. Any payments to the Certificates
          from amounts deemed received in respect of this notional principal contract
          shall not be payments with respect to a Regular Interest in a REMIC within
          the
          meaning of Code Section 860G(a)(1). However, any payment from the Certificates
          (other than the Class C, Class P, Class R and Class R-X Certificates) of
          a Class
          IO Distribution Amount shall be treated for tax purposes as having been
          received
          by the Holders of such Certificates in respect of their interests in REMIC 3 and
          as having been paid by such Holders to the Supplemental Interest Trust
          Trustee
          pursuant to the notional principal contract. Thus, each Certificate (other
          than
          the Class P, Class R and Class R-X Certificates) shall be treated as
          representing not only ownership of Regular Interests in REMIC 3, but also
          ownership of an interest in, and obligations with respect to, a notional
          principal contract.

         

        (f)  The
          Trustee shall, at the direction of the Depositor, enforce all of its rights
          and
          exercise any remedies under the Swap Agreement. In the event the Interest
          Rate
          Swap Agreement is terminated as a result of the designation by either party
          thereto of an Early Termination Date (as defined therein), the Trustee
          shall, at
          the direction of the Depositor, appoint a replacement counterparty to enter
          into
          a replacement swap agreement. The Trustee shall have no responsibility
          with
          regard to the selection of a replacement swap provider or the negotiation
          of a
          replacement interest rate swap agreement. Any Swap Termination Payment
          received
          by the Trustee shall be deposited in the Swap Account and shall be used
          to make
          any upfront payment required under a replacement swap agreement and any
          upfront
          payment received from the counterparty to a replacement swap agreement
          shall be
          used to pay any Swap Termination Payment owed to the Swap Provider.

         

        (g)  For
          federal tax return and information reporting, the right of the Holders
          of the
          Floating Rate Certificates to receive payments from the Supplemental Interest
          Trust in respect of any New WAC Cap Carry Forward Amounts may have more
          than a
de
          minimus value.

         

        	SECTION
                4.06  	
                Tax
                  Treatment of Swap Payments and Swap Termination
                  Payments.

              

         

        For
          federal income tax purposes, each holder of a Floating Rate Certificate
          is
          deemed to own an undivided beneficial ownership interest in a REMIC regular
          interest and the right to receive payments from either the Net WAC Rate
          Carryover Reserve Account or the Swap Account in respect of the Net WAC
          Rate
          Carryover Amount or the obligation to make payments to the Swap Account.
          For
          federal income tax purposes, the Trustee will account for payments to each
          Floating Rate Certificate as follows: each Floating Rate Certificate will
          be
          treated as receiving their entire payment from REMIC 3 (regardless of any
          Swap
          Termination Payment or obligation under the Interest Rate Swap Agreement)
          and
          subsequently paying their portion of any Swap Termination Payment in respect
          of
          each such Class’ obligation under the Interest Rate Swap Agreement. In the event
          that any such Class is resecuritized in a REMIC, the obligation under the
          Interest Rate Swap Agreement to pay any such Swap Termination Payment (or
          any
          shortfall in the Net Swap Payment), will be made by one or more of the
          REMIC
          Regular Interests issued by the resecuritization REMIC subsequent to such
          REMIC
          Regular Interest receiving its full payment from any such Floating Rate
          Certificate. 

         

        The
          REMIC
          regular interest corresponding to a Floating Rate Certificate will be entitled
          to receive interest and principal payments at the times and in the amounts
          equal
          to those made on the certificate to which it corresponds, except that (i)
          the
          maximum interest rate of that REMIC regular interest will equal the Net
          WAC Rate
          computed for this purpose by limiting the Notional Amount of the Interest
          Rate
          Swap Agreement to the aggregate Stated Principal Balance of the Mortgage
          Loans
          and (ii) any Swap Termination Payment will be treated as being payable
          solely
          from Net Monthly Excess Cashflow. As a result of the foregoing, the amount
          of
          distributions and taxable income on the REMIC regular interest corresponding
          to
          a Floating Rate Certificate may exceed the actual amount of distributions
          on
          such Certificate

         

        	SECTION
                4.07  	
                Commission
                  Reporting.

              

         

        (a)  The
          Trustee, the Servicer and the Credit Risk Manager shall reasonably cooperate
          with the Depositor in connection with the Trust’s satisfying the reporting
          requirements under the Exchange Act.

         

        (b)  (i)
          Within 12 calendar days after each Distribution Date, the Trustee shall,
          in
          accordance with industry standards, file with the Commission via the Electronic
          Data Gathering and Retrieval System (“EDGAR”), a Distribution Report on Form
          10-D, signed by the Depositor, with a copy of (x) the monthly statement
          to be
          furnished by the Trustee to the Certificateholders for such Distribution
          Date
          and (y) the reports prepared by the Credit Risk Manager pursuant to Section
          6.09. Any disclosure in addition to the monthly statement required to be
          included on the Form 10-D (“Additional Form 10-D Disclosure”) shall be
          determined and prepared by the entity that is indicated in Exhibit T as
          the
          responsible party for providing that information, if other than the Trustee,
          and
          the Trustee will have no duty or liability to verify the accuracy or sufficiency
          of any such Additional Form 10-D Disclosure and the Trustee shall have
          no
          liability with respect to any failure to properly prepare or file such
          Form 10-D
          resulting from or relating to the Trustee’s inability or failure to obtain any
          information in a timely manner from the party responsible for delivery
          of such
          Additional Form 10-D Disclosure.

         

        Within
          3
          calendar days after the related Distribution Date, each entity that is
          indicated
          in Exhibit T as the responsible party for providing Additional Form 10-D
          Disclosure shall be required to provide to the Trustee and the Depositor,
          to the
          extent known, clearly identifying which item of Form 10-D the information
          relates to, any Additional Form 10-D Disclosure, if applicable. The Trustee
          shall compile the information provided to it, prepare the Form 10-D and
          forward
          the Form 10-D to the Depositor for verification. The Depositor will approve,
          as
          to form and substance, or disapprove, as the case may be, the Form 10-D.
          No
          later than three Business Days prior to the 10th
          calendar
          day after the related Distribution Date, an officer of the Depositor shall
          sign
          the Form 10-D and return an electronic or fax copy of such signed Form
          10-D
          (with an original executed hard copy to follow by overnight mail) to the
          Trustee. The
          Indenture Trustee shall have no liability with respect to any failure to
          properly file any Form 10-D resulting from or relating to the Depositor’s
          failure to timely comply with the provisions of this section.

         

        (ii)    Within
          four (4) Business Days after the occurrence of an event requiring disclosure
          on
          Form 8-K (each such event, a “Reportable Event”), the Depositor shall prepare
          and file any Form 8-K, as required by the Exchange Act, in addition to
          the
          initial Form 8-K in connection with the issuance of the Certificates. Any
          disclosure or information related to a Reportable Event or that is otherwise
          required to be included on Form 8-K (“Form 8-K Disclosure Information”) shall be
          determined and prepared by the entity that is indicated in Exhibit T as
          the
          responsible party for providing that information.

         

        For
          so
          long as the Trust is subject to the Exchange Act reporting requirements,
          no
          later than the end of business on the second Business Day after the occurrence
          of a Reportable Event, the entity that is indicated in Exhibit T as the
          responsible party for providing Form 8-K Disclosure Information shall be
          required to provide to the Depositor, to the extent known, the form and
          substance of any Form 8-K Disclosure Information, if applicable. The Depositor
          shall compile the information provided to it, and prepare and file the
          Form 8-K,
          which shall be signed by an officer of the Depositor.

         

        (iii)    Prior
          to
          January 30 of the first year in which the Trustee is able to do so under
          applicable law, the Trustee shall, in accordance with industry standards,
          file a
          Form 15 Suspension Notice with respect to the Trust Fund, if applicable.
          On or
          before (x) March 15, 2007 and (y) unless and until a Form 15 Suspension
          Notice
          shall have been filed, on or before March 15 of each year thereafter, the
          Servicer shall provide the Trustee with an Annual Compliance Statement,
          together
          with a copy of the Assessment of Compliance and Attestation Report to be
          delivered by the Servicer pursuant to Sections 3.20 and 3.21 (including
          with
          respect to any Sub-Servicer or any subcontractor, if required to be filed).
          Prior to (x) March 31, 2007 and (y) unless and until a Form 15 Suspension
          Notice
          shall have been filed, March 31 of each year thereafter, the Trustee shall
          file
          a Form 10-K, in substance as required by applicable law or applicable Securities
          and Exchange Commission staff’s interpretations and conforming to industry
          standards, with respect to the Trust Fund. Such Form 10-K shall include
          the
          Assessment of Compliance, Attestation Report, Annual Compliance Statements
          and
          other documentation provided by the Servicer pursuant to Sections 3.20
          and 3.21
          (including with respect to any Sub-Servicer or subcontractor, if required
          to be
          filed) and Section 3.21 with respect to the Trustee and the Credit Risk
          Manager,
          and the Form 10-K certification in the form attached hereto as Exhibit
          N-1 (the
“Certification”) signed by the senior officer of the Depositor in charge of
          securitization. The Trustee shall receive the items described in the preceding
          sentence no later than March 15 of each calendar year prior to the filing
          deadline for the Form 10-K.

         

        Any
          disclosure or information in addition to that described in the preceding
          paragraph that is required to be included on Form 10-K (“Additional Form 10-K
          Disclosure”) shall be determined and prepared by the entity that is indicated in
          Exhibit T as the responsible party for providing that information, if other
          than
          the Trustee, and the Trustee will have no duty or liability to verify the
          accuracy or sufficiency of any such Additional Form 10-K
          Disclosure.

         

        If
          information, data and exhibits to be included in the Form 10-K are not
          so timely
          delivered, the Trustee shall file an amended Form 10-K including such
          documents as exhibits reasonably promptly after they are delivered to the
          Trustee. The Trustee shall have no liability with respect to any failure
          to
          properly prepare or file such periodic reports resulting from or relating
          to the
          Trustee’s inability or failure to timely obtain any information from any other
          party.

         

        Prior
          to
          (x) March 1, 2007 and (y) unless and until a Form 15 Suspension Notice
          shall
          have been filed, prior to March 1 of each year thereafter, each entity
          that is
          indicated in Exhibit T as the responsible party for providing Additional
          Form
          10-K Disclosure shall be required to provide to the Trustee and the Depositor,
          to the extent known, the form and substance of any Additional Form 10-K
          Disclosure Information, if applicable. The Trustee shall compile the information
          provided to it, prepare the Form 10-K and forward the Form 10-K to the
          Depositor
          for verification. The Depositor will approve, as to form and substance,
          or
          disapprove, as the case may be, the Form 10-K by no later than March 25
          of the
          relevant year (or the immediately preceding Business Day if March 25 is
          not a
          Business Day), an officer of the Depositor shall sign the Form 10-K and
          return
          an electronic or fax copy of such signed Form 10-K (with an original executed
          hard copy to follow by overnight mail) to the Trustee.

         

        The
          Servicer shall be responsible for determining the pool concentration applicable
          to any Sub-Servicer to which the Servicer delegated any of its responsibilities
          with respect to the Mortgage Loans at any time, for purposes of disclosure
          as
          required by Items 1117 and 1119 of Regulation AB. The Trustee will provide
          electronic or paper copies of all Form 10-D, 8-K and 10-K filings free
          of charge
          to any Certificateholder upon request. Any expenses incurred by the Trustee
          in
          connection with the previous sentence shall be reimbursable to the Trustee
          out
          of the Trust Fund. The Trustee shall have no liability with respect to
          any
          failure to properly file any Form 10-K resulting from or relating to the
          Depositor’s failure to timely comply with the provisions of this
          section.

         

        The
          Trustee shall sign a certification (in the form attached hereto as
          Exhibit N-2) for the benefit of the Depositor and its officers, directors
          and Affiliates in respect of items 1 through 3 of the Certification (provided,
          however, that the Trustee shall not undertake an analysis of the Attestation
          Report attached as an exhibit to the Form 10-K), and the Servicer shall
          sign a
          certification (the “Servicer Certification) solely with respect to the Servicer
          (in the form attached hereto as Exhibit N-3) for the benefit of the
          Depositor, the Trustee and each Person, if any, who “controls” the Depositor or
          the Trustee within the meaning of the Securities Act of 1933, as amended,
          and
          their respective officers and directors. Each such certification shall
          be
          delivered to the Depositor and the Trustee by March 15th
          of each
          year (or if not a Business Day, the immediately preceding Business Day).
          The
          Certification attached hereto as Exhibit N-1 shall be delivered to the
          Trustee by March 20th
          for
          filing on or prior to March 30th
          of each
          year (or if not a Business Day, the immediately preceding Business
          Day).

         

        (c)  (A)
          The
          Trustee shall indemnify and hold harmless the Depositor, the Servicer and
          their
          respective officers, directors and Affiliates from and against any losses,
          damages, penalties, fines, forfeitures, reasonable and necessary legal
          fees and
          related costs, judgments and other costs and expenses arising out of or
          based
          upon (i) a breach of the Trustee’s obligations under this Section 4.07 caused by
          the Trustee’s negligence, bad faith or willful misconduct in connection
          therewith or (ii) any material misstatement or omission in the Assessment
          of
          Compliance delivered by the Trustee pursuant to Section 3.21, and (B) the
          Servicer shall indemnify and hold harmless the Depositor, the Trustee and
          their
          respective officers, directors and Affiliates from and against any actual
          losses, damages, penalties, fines, forfeitures, reasonable and necessary
          legal
          fees and related costs, judgments and other costs and expenses arising
          out of or
          based upon (i) the failure of the Servicer to timely deliver the Servicer
          Certification or (ii) any material misstatement or omission in the Statement
          as
          to Compliance delivered by the Servicer pursuant to Section 3.20, the Assessment
          of Compliance delivered by the Servicer pursuant to Section 3.21 or the
          Servicer
          Certification. If the indemnification provided for herein is unavailable
          or
          insufficient to hold harmless the Depositor, then (i) the Trustee agrees
          that it
          shall contribute to the amount paid or payable by the Depositor as a result
          of
          the losses, claims, damages or liabilities of the Depositor in such proportion
          as is appropriate to reflect the relative fault of the Depositor on the
          one hand
          and the Trustee on the other in connection with a breach of the Trustee’s
          obligations under this Section 4.07 caused by the Trustee’s negligence, bad
          faith or willful misconduct in connection therewith and (ii) the Servicer
          agrees
          that it shall contribute to the amount paid or payable by the Depositor
          and the
          Trustee as a result of the losses, claims, damages or liabilities of the
          Depositor and the Trustee in such proportion as is appropriate to reflect
          the
          relative fault of the Depositor and the Trustee on the one hand and the
          Servicer
          on the other in connection with the Servicer Certification and the related
          obligations of the Servicer under this Section 4.07.

         

        Upon
          any
          filing with the Securities and Exchange Commission, the Trustee shall promptly
          deliver to the Depositor a copy of any such executed report, statement
          or
          information.

         

        	SECTION
                4.08  	
                Net
                  WAC Rate Carryover Reserve Account.

              

         

        No
          later
          than the Closing Date, the Trustee shall establish and maintain with itself
          a
          separate, segregated trust account titled, “Net WAC Rate Carryover Reserve
          Account, Deutsche Bank National Trust Company, as Trustee, in trust for
          registered Holders of First Franklin Mortgage Loan Trust 2006-FF16 Asset-Backed
          Certificates, Series 2006-FF16” All amounts deposited in the Net WAC Rate
          Carryover Reserve Account shall be distributed to the Holders of the Floating
          Rate Certificates in the manner set forth in Section 4.01(d).

         

        On
          each
          Distribution Date as to which there is a Net WAC Rate Carryover Amount
          payable
          to the Floating Rate Certificates, the Trustee has been directed by the
          Class C
          Certificateholders to, and therefore will, deposit into the Net WAC Rate
          Carryover Reserve Account the amounts described in Section 4.01(d)(iv),
          rather
          than distributing such amounts to the Class C Certificateholders. In addition,
          any payments received by the Trustee under the Basis Risk Cap Agreement
          on each
          Distribution Date will be deposited into the Net WAC Rate Carryover Reserve
          Account. On each such Distribution Date, the Trustee shall hold all such
          amounts
          for the benefit of the Holders of the Floating Rate Certificates, and will
          distribute such amounts to the Holders of the Floating Rate Certificates
          in the
          amounts and priorities set forth in Section 4.01(d).

         

        It
          is the
          intention of the parties hereto that, for federal and state income and
          state and
          local franchise tax purposes, the Net WAC Rate Carryover Reserve Account
          be
          disregarded as an entity separate from the Holder of the Class C Certificates
          unless and until the date when either (a) there is more than one Class
          C
          Certificateholder or (b) any Class of Certificates in addition to the Class
          C
          Certificates is recharacterized as an equity interest in the Net WAC Rate
          Carryover Reserve Account for federal income tax purposes, in which case
          it is
          the intention of the parties hereto that, for federal and state income
          and state
          and local franchise tax purposes, the Net WAC Rate Carryover Reserve Account
          be
          treated as a partnership. All amounts deposited into the Net WAC Rate Carryover
          Reserve Account (other than amounts received under the Basis Risk Cap Agreement)
          be treated as amounts distributed by REMIC 3 to the Holder of the Class
          C
          Interest and by REMIC 4 to the Holder of the Class C Certificates. The
          Net WAC
          Rate Carryover Reserve Account will be an “outside reserve fund” within the
          meaning of Treasury regulation Section 1.860G-2(h). Upon the termination
          of the
          Trust, or the payment in full of the Floating Rate Certificates, all amounts
          remaining on deposit in the Net WAC Rate Carryover Reserve Account will
          be
          released by the Trust and distributed to the Holders of the Class C Certificates
          or their designees. The Net WAC Rate Carryover Reserve Account will be
          part of
          the Trust but not part of any REMIC and any payments to the Holders of
          the
          Floating Rate Certificates of Net WAC Rate Carryover Amounts will not be
          payments with respect to a “regular interest” in a REMIC within the meaning of
          Code Section 860(G)(a)(1).

         

        By
          accepting a Class C Certificate, each Class C Certificateholder hereby
          agrees to
          direct the Trustee, and the Trustee hereby is directed, to deposit into
          the Net
          WAC Rate Carryover Reserve Account the amounts described above on each
          Distribution Date as to which there is any Net WAC Rate Carryover Amount
          rather
          than distributing such amounts to the Class C Certificateholders. By accepting
          a
          Class C Certificate, each Class C Certificateholder further agrees that
          such
          direction is given for good and valuable consideration, the receipt and
          sufficiency of which is acknowledged by such acceptance.

         

        Amounts
          on deposit in the Net WAC Rate Carryover Reserve Account shall remain
          uninvested.

         

        For
          federal tax return and information reporting, the right of the Holders
          of the
          Class A Certificates and the Class M Certificates to receive payments from
          the
          Net WAC Rate Carryover Reserve Account in respect of any Net WAC Rate Carryover
          Amount may have more than a de
          minimis
          value.

         

        	SECTION
                4.09  	
                Distributions
                  on the REMIC Regular Interests.

              

         

        On
          each
          Distribution Date, the Trustee shall cause in the following order of priority,
          the following amounts which shall be deemed to be distributed by REMIC
          1 to
          REMIC 2 on account of the REMIC 1 Regular Interests or withdrawn from the
          Distribution Account and distributed to the holders of the Class R Certificates
          (in respect of the Class R-1 Interest), as the case may be:

         

        (i)  to
          Holders of each of REMIC 1 Regular Interest I and REMIC 1 Regular Interest
          I-1-A
          through I-51-B, on a pro
          rata
          basis,
          in an amount equal to (A) Uncertificated Accrued Interest for such REMIC
          1
          Regular Interests for such Distribution Date, plus (B) any amounts payable
          in
          respect thereof remaining unpaid from previous Distribution Dates;

         

        (ii)  to
          the
          extent of amounts remaining after the distributions made pursuant to clause
          (A)
          above, payments of principal shall be allocated as follows: first, to REMIC
          1
          Regular Interest I and then to REMIC Regular Interests I-1-A through I-51-B
          starting with the lowest numerical denomination until the Uncertificated
          Principal Balance of each such REMIC 1 Regular Interest is reduced to zero,
          provided that, for REMIC 1 Regular Interests with the same numerical
          denomination, such payments of principal shall be allocated pro rata between
          such REMIC 1 Regular Interests; and

         

        (iii)  to
          the
          Holders of REMIC 1 Regular Interest I-51-B, (A) on each Distribution Date,
          100%
          of the amount paid in respect of Prepayment Charges and (B) on the Distribution
          Date immediately following the expiration of the latest Prepayment Charge
          as
          identified on the Prepayment Charge Schedule or any Distribution Date thereafter
          until $100 has been distributed pursuant to this clause.

         

        (b)  On
          each
          Distribution Date, the Trustee shall cause in the following order of priority,
          the following amounts which shall be deemed to be distributed by REMIC
          2 to
          REMIC 3 on account of the REMIC 2 Regular Interests or withdrawn from the
          Distribution Account and distributed to the holders of the Class R Certificates
          (in respect of the Class R-2 Interest), as the case may be:

         

        (i)  first,
          to
          the Holders of REMIC 2 Regular Interest LTIO, in an amount equal to (A)
          Uncertificated Accrued Interest for such REMIC 2 Regular Interest for such
          Distribution Date, plus (B) any amounts in respect thereof remaining unpaid
          from
          previous Distribution Dates;

         

        (ii)  second,
          to the extent of Available Funds, to Holders of REMIC 2 Regular Interest
          LTAA,
          REMIC 2 Regular Interest LTIA1, REMIC 2 Regular Interest LTIIA1, REMIC
          2 Regular
          Interest LTIIA2, REMIC 2 Regular Interest LTIIA3, REMIC 2 Regular Interest
          LTIIA4, REMIC 2 Regular Interest LTM1, REMIC 2 Regular Interest LTM2, REMIC
          2
          Regular Interest LTM3, REMIC 2 Regular Interest LTM4, REMIC 2 Regular Interest
          LTM5, REMIC 2 Regular Interest LTM6, REMIC 2 Regular Interest LTM7, REMIC
          2
          Regular Interest LTM8, REMIC 2 Regular Interest LTM9, REMIC 2 Regular Interest
          LTZZ and REMIC 2 Regular Interest LTP, on a pro
          rata
          basis,
          in an amount equal to (A) the Uncertificated Accrued Interest for such
          Distribution Date, plus (B) any amounts in respect thereof remaining unpaid
          from
          previous Distribution Dates. Amounts payable as Uncertificated Accrued
          Interest
          in respect of REMIC 2 Regular Interest LTZZ shall be reduced and deferred
          when
          the REMIC 2 Overcollateralization Amount is less than the REMIC 2
          Overcollateralization Target Amount, by the lesser of (x) the amount of
          such
          difference and (y) the Maximum Uncertificated Accrued Interest Deferral
          Amount
          and such amount will be payable to the Holders of REMIC 2 Regular Interest
          LTIA1, REMIC 2 Regular Interest LTIIA1, REMIC 2 Regular Interest LTIIA2,
          REMIC 2
          Regular Interest LTIIA3, REMIC 2 Regular Interest LTIIA4, REMIC 2 Regular
          Interest LTM1, REMIC 2 Regular Interest LTM2, REMIC 2 Regular Interest
          LTM3,
          REMIC 2 Regular Interest LTM4, REMIC 2 Regular Interest LTM5, REMIC 2 Regular
          Interest LTM6, REMIC 2 Regular Interest LTM7, REMIC 2 Regular Interest
          LTM8 and
          REMIC 2 Regular Interest LTM9 in the same proportion as the
          Overcollateralization Deficiency Amount is allocated to the Corresponding
          Certificates and the Uncertificated Principal Balance of the REMIC 2 Regular
          Interest LTZZ shall be increased by such amount; and

         

        (iii)  third,
          to
          the Holders of REMIC 2 Regular Interests, in an amount equal to the remainder
          of
          the Available Funds for such Distribution Date after the distributions
          made
          pursuant to clause (i) above, allocated as follows:

         

        (a) 98.00%
          of
          such remainder to the Holders of REMIC 2 Regular Interest LTAA and REMIC
          2
          Regular Interest LTP, until the Uncertificated Principal Balance of such
          Uncertificated REMIC 2 Regular Interest is reduced to zero; provided, however,
          that REMIC 2 Regular Interest LTP shall not be reduced until the Distribution
          Date immediately following the expiration of the latest Prepayment Charge
          as
          identified on the Prepayment Charge Schedule or any Distribution Date
          thereafter, at which point such amount shall be distributed to REMIC 2
          Regular
          Interest LTP, until $100 has been distributed pursuant to this
          clause;

         

        (b) 2.00%
          of
          such remainder first, to the Holders of REMIC 2 Regular Interest LTIA1,
          REMIC 2
          Regular Interest LTIIA1, REMIC 2 Regular Interest LTIIA2, REMIC 2 Regular
          Interest LTIIA3, REMIC 2 Regular Interest LTIIA4, REMIC 2 Regular Interest
          LTM1,
          REMIC 2 Regular Interest LTM2, REMIC 2 Regular Interest LTM3, REMIC 2 Regular
          Interest LTM4, REMIC 2 Regular Interest LTM5, REMIC 2 Regular Interest
          LTM6,
          REMIC 2 Regular Interest LTM7, REMIC 2 Regular Interest LTM8 and REMIC
          2 Regular
          Interest LTM9 1.00% of and in the same proportion as principal payments
          are
          allocated to the Corresponding Certificates, until the Uncertificated Principal
          Balances of such REMIC 2 Regular Interests are reduced to zero, and second,
          to
          the Holders of REMIC 2 Regular Interest LTZZ, 1.00% of such remainder,
          until the
          Uncertificated Principal Balance of such REMIC 2 Regular Interest is reduced
          to
          zero; and

         

        (c) any
          remaining amount to the Holders of the Class R Certificates (in respect
          of the
          Class R-1 Interest);

         

        provided,
          however, that (i) 98.00% and (ii) 2.00% of any principal payments that
          are
          attributable to an Overcollateralization Release Amount shall be allocated
          to
          Holders of (i) REMIC 2 Regular Interest LTAA and REMIC 2 Regular Interest
          LTP,
          in that order and (ii) REMIC 2 Regular Interest LTZZ, respectively; provided
          that REMIC 2 Regular Interest LTP shall not be reduced until the Distribution
          Date immediately following the expiration of the latest Prepayment Charge
          as
          identified on the Prepayment Charge Schedule or any Distribution Date
          thereafter, at which point such amount shall be distributed to REMIC 2
          Regular
          Interest LTP, until $100 has been distributed pursuant to this
          clause.

         

        	SECTION
                4.10  	
                Allocation
                  of Realized Losses.

              

         

        (a)  All
          Realized Losses on the Mortgage Loans allocated to any Regular Certificate
          shall
          be allocated by the Trustee on each Distribution Date as follows: first,
          to Net
          Monthly Excess Cashflow; second, to Net Swap Payments received under the
          Interest Rate Swap Agreement; third, to the Class C Certificates, until
          the
          Certificate Principal Balance thereof has been reduced to zero; fourth,
          to the
          Class M-9 Certificates, until the Certificate Principal Balance thereof
          has been
          reduced to zero; fifth, to the Class M-8 Certificates, until the Certificate
          Principal Balance thereof has been reduced to zero; sixth, to the Class
          M-7
          Certificates, until the Certificate Principal Balance thereof has been
          reduced
          to zero; seventh, to the Class M-6 Certificates, until the Certificate
          Principal
          Balance thereof has been reduced to zero; eighth, to the Class M-5 Certificates,
          until the Certificate Principal Balance thereof has been reduced to zero,
          ninth,
          to the Class M-4 Certificates, until the Certificate Principal Balance
          thereof
          has been reduced to zero, tenth, to the Class M-3 Certificates, until the
          Certificate Principal Balance thereof has been reduced to zero, eleventh,
          to the
          Class M-2 Certificates, until the Certificate Principal Balance thereof
          has been
          reduced to zero and twelfth, to the Class M-1 Certificates, until the
          Certificate Principal Balance thereof has been reduced to zero. All Realized
          Losses to be allocated to the Certificate Principal Balances of all Classes
          on
          any Distribution Date shall be so allocated after the actual distributions
          to be
          made on such date as provided above. All references above to the Certificate
          Principal Balance of any Class of Certificates shall be to the Certificate
          Principal Balance of such Class immediately prior to the relevant Distribution
          Date, before reduction thereof by any Realized Losses, in each case to
          be
          allocated to such Class of Certificates, on such Distribution Date.

         

        Any
          allocation of Realized Losses to a Mezzanine Certificate on any Distribution
          Date shall be made by reducing the Certificate Principal Balance thereof
          by the
          amount so allocated; any allocation of Realized Losses to a Class C Certificates
          shall be made first by reducing the amount otherwise payable in respect
          thereof
          pursuant to Section 4.01(d)(iv). No allocations of any Realized Losses
          shall be
          made to the Certificate Principal Balances of the Class A Certificates
          or the
          Class P Certificates.

         

        (b)  With
          respect to the REMIC 1 Regular Interests, all Realized Losses on the Mortgage
          Loans shall be allocated shall be allocated by the Securities Administrator
          on
          each Distribution Date, first to REMIC 1 Regular Interest I until the
          Uncertificated Principal Balance has been reduced to zero, and second,
          to REMIC
          1 Regular Interest I-1-A through REMIC 1 Regular Interest I-51-B, starting
          with
          the lowest numerical denomination until such REMIC 1 Regular Interest has
          been
          reduced to zero, provided that, for REMIC 1 Regular Interests with the
          same
          numerical denomination, such Realized Losses shall be allocated pro rata
          between
          such REMIC 1 Regular Interests.

         

        (c)  With
          respect to the REMIC 2 Regular Interests, all Realized Losses on the Mortgage
          Loans shall be deemed to have been allocated in the specified percentages,
          as
          follows: first, to Uncertificated Accrued Interest payable to the REMIC
          2
          Regular Interest LTAA and REMIC 2 Regular Interest LTZZ up to an aggregate
          amount equal to the REMIC 2 Interest Loss Allocation Amount, 98% and 2%,
          respectively; second, to the Uncertificated Principal Balances of REMIC
          2
          Regular Interest LTAA and REMIC 2 Regular Interest LTZZ up to an aggregate
          amount equal to the REMIC 2 Principal Loss Allocation Amount, 98% and 2%,
          respectively; third, to the Uncertificated Principal Balances of REMIC
          2 Regular
          Interest LTAA, REMIC 2 Regular Interest LTM9 and REMIC 2 Regular Interest
          LTZZ,
          98%, 1% and 1%, respectively, until the Uncertificated Principal Balance
          of
          REMIC 2 Regular Interest LTM9 has been reduced to zero; fourth, to the
          Uncertificated Principal Balances of REMIC 2 Regular Interest LTAA, REMIC
          2
          Regular Interest LTM8 and REMIC 2 Regular Interest LTZZ, 98%, 1% and 1%,
          respectively, until the Uncertificated Principal Balance of REMIC 2 Regular
          Interest LTM8 has been reduced to zero; fifth, to the Uncertificated Principal
          Balances of REMIC 2 Regular Interest LTAA, REMIC 2 Regular Interest LTM7
          and
          REMIC 2 Regular Interest LTZZ, 98%, 1% and 1%, respectively, until the
          Uncertificated Principal Balance of REMIC 2 Regular Interest LTM7 has been
          reduced to zero; sixth, to the Uncertificated Principal Balances of REMIC
          2
          Regular Interest LTAA, REMIC 2 Regular Interest LTM6 and REMIC 2 Regular
          Interest LTZZ, 98%, 1% and 1%, respectively, until the Uncertificated Principal
          Balance of REMIC 2 Regular Interest LTM6 has been reduced to zero; seventh,
          to
          the Uncertificated Principal Balances of REMIC 2 Regular Interest LTAA,
          REMIC 2
          Regular Interest LTM5 and REMIC 2 Regular Interest LTZZ, 98%, 1% and 1%,
          respectively, until the Uncertificated Principal Balance of REMIC 2 Regular
          Interest LTM5 has been reduced to zero; eighth, to the Uncertificated Principal
          Balances of REMIC 2 Regular Interest LTAA, REMIC 2 Regular Interest LTM4
          and
          REMIC 2 Regular Interest LTZZ, 98%, 1% and 1%, respectively, until the
          Uncertificated Principal Balance of REMIC 2 Regular Interest LTM4 has been
          reduced to zero; ninth, to the Uncertificated Principal Balances of REMIC
          2
          Regular Interest LTAA, REMIC 2 Regular Interest LTM3 and REMIC 2 Regular
          Interest LTZZ, 98%, 1% and 1%, respectively, until the Uncertificated Principal
          Balance of REMIC 2 Regular Interest LTM3 has been reduced to zero; tenth,
          to the
          Uncertificated Principal Balances of REMIC 2 Regular Interest LTAA, REMIC
          2
          Regular Interest LTM2 and REMIC 2 Regular Interest LTZZ, 98%, 1% and 1%,
          respectively, until the Uncertificated Principal Balance of REMIC 2 Regular
          Interest LTM2 has been reduced to zero; eleventh, to the Uncertificated
          Principal Balances of REMIC 2 Regular Interest LTAA, REMIC 2 Regular Interest
          LTM1 and REMIC 2 Regular Interest LTZZ, 98%, 1% and 1%, respectively, until
          the
          Uncertificated Principal Balance of REMIC 2 Regular Interest LTM1 has been
          reduced to zero.

         

        	SECTION
                4.11  	
                Cap
                  Account.

              

         

        (a)  No
          later
          than the Closing Date, the Trustee shall establish and maintain with itself,
          a
          separate, segregated trust account titled, “Cap Account, Deutsche Bank National
          Trust Company, as Cap Trustee, in trust for the registered holders of First
          Franklin Mortgage Loan Trust 2006-FF16, Asset-Backed Certificates, Series
          2006-FF16—Cap Account.” Such account shall be an Eligible Account and amounts
          therein shall be held uninvested.

         

        (b)  On
          each
          Distribution Date, pursuant to the Cap Allocation Agreement, the Cap Trustee,
          prior to any distribution to any Certificate, shall deposit into the Cap
          Account
          amounts received pursuant to the Interest Rate Cap Agreement for distribution
          in
          accordance with Section 4.01(f) above. 

         

        (c)  It
          is the intention of the parties hereto that, for federal and state income
          and
          state and local franchise tax purposes, the Cap Account be disregarded
          as an
          entity separate from the Holder of the Class C Certificates unless and
          until the
          date when either (a) there is more than one Class C Certificateholder or
          (b) any
          Class of Certificates in addition to the Class C Certificates is recharacterized
          as an equity interest in the Cap Account for federal income tax purposes,
          in
          which case it is the intention of the parties hereto that, for federal
          and state
          income and state and local franchise tax purposes, the Cap Account be treated
          as
          a partnership. The
          Cap
          Account will be an “outside reserve fund” within the meaning of Treasury
          Regulation Section 1.860G-2(h). Upon the termination of the Trust Fund,
          or the
          payment in full of the Floating Rate Certificates, all amounts remaining
          on
          deposit in the Cap Account shall be released by the Trust Fund and distributed
          to the Class C Certificateholders or their designees. The Cap Account shall
          be
          part of the Trust Fund but not part of any Trust REMIC and any payments
          to the
          Holders of the Floating Rate Certificates of Net WAC Rate Carryover Amounts
          will
          not be payments with respect to a “regular interest” in a REMIC within the
          meaning of Code Section 860(G)(a)(1).

         

        (d)  By
          accepting a Class C Certificate, each Class C Certificateholder hereby
          agrees to
          direct the Trustee, and the Trustee is hereby directed, to deposit into
          the Cap
          Account the amounts described above on each Distribution Date.

         

        For
          federal income tax purposes, the right of the Floating Rate Certificates
          to
          receive payments from the Cap Account may have more than a de
          minimis
          value.

         

        	SECTION
                4.12  	
                Collateral
                  Accounts

              

         

        (a)  The
          Trustee is hereby directed to perform the obligations of the Custodian
          as
          defined under the Basis Risk Cap Credit Support Annex (the “Basis Risk Cap
          Custodian”). On or before the Closing Date, the Basis Risk Cap Custodian shall
          establish a Basis Risk Cap Collateral Account. The Basis Risk Cap Collateral
          Account shall be held in the name of the Basis Risk Cap Custodian in trust
          for
          the benefit of the Certificateholders. The Basis Risk Cap Collateral Account
          must be an Eligible Account and shall be titled “Basis Risk Cap Collateral
          Account, Deutsche Bank National Trust Company, as Basis Risk Cap Custodian
          for
          registered Holders of the First Franklin Home Loan Trust 2006-FF16, Asset
          Backed
          Pass-Through Certificates.”

         

        The
          Basis
          Risk Cap Custodian shall credit to the Basis Risk Cap Collateral Account
          all
          collateral (whether in the form of cash or securities) posted by the Basis
          Risk
          Cap Provider to secure the obligations of the Basis Risk Cap Provider in
          accordance with the terms of the Basis Risk Cap Agreement. Except for investment
          earnings, the Basis Risk Cap Provider shall not have any legal, equitable
          or
          beneficial interest in the Basis Risk Cap Collateral Account other than
          in
          accordance with this Agreement, the Basis Risk Cap Agreement and applicable
          law.
          The Basis Risk Cap Custodian shall maintain and apply all collateral and
          earnings thereon on deposit in the Basis Risk Cap Collateral Account in
          accordance with the Basis Risk Cap Credit Support Annex.

         

        Cash
          collateral posted by the Basis Risk Cap Provider in accordance with the
          Basis
          Risk Cap Credit Support Annex shall be invested at the direction of the
          Basis
          Risk Cap Provider in Permitted Investments that mature no later than the
          Business Day prior to the next succeeding Distribution Date. All amounts
          earned
          on amounts on deposit in the Basis Risk Cap Collateral Account (whether
          cash
          collateral or securities) shall be taxable to the Basis Risk Cap
          Provider.

         

        Upon
          the
          occurrence of an Event of Default, a Termination Event, or an Additional
          Termination Event (each as defined in the Basis Risk Cap Agreement), amounts
          in
          the Basis Risk Cap Collateral Account shall be withdrawn by the Basis Risk
          Cap
          Custodian and applied to the payment of any termination payment due to
          Party B
          (as defined in the Basis Risk Cap Agreement) in accordance with the Basis
          Risk
          Cap Credit Support Annex. Any excess amounts held in such Basis Risk Cap
          Collateral Account after payment of all amounts owing to Party B under
          the Basis
          Risk Cap Agreement shall be withdrawn from the Basis Risk Cap Collateral
          Account
          and paid to the Basis Risk Cap Provider in accordance with the Basis Risk
          Cap
          Credit Support Annex.

         

        (b)  The
          Trustee (in its capacity as Cap Trustee) is hereby directed to perform
          the
          obligations of the Custodian as defined under the Interest Rate Cap Credit
          Support Annex (the “Interest Rate Cap Custodian”). On or before the Closing
          Date, the Interest Rate Cap Custodian shall establish a Interest Rate Cap
          Collateral Account. The Interest Rate Cap Collateral Account shall be held
          in
          the name of the Interest Rate Cap Custodian in trust for the benefit of
          the
          Certificateholders. The Interest Rate Cap Collateral Account must be an
          Eligible
          Account and shall be titled “Interest Rate Cap Collateral Account, Deutsche Bank
          National Trust Company, as Interest Rate Cap Custodian for registered Holders
          of
          the First Franklin Home Loan Trust 2006-FF16, Asset Backed Pass-Through
          Certificates.”

         

        The
          Interest Rate Cap Custodian shall credit to the Interest Rate Cap Collateral
          Account all collateral (whether in the form of cash or securities) posted
          by the
          Interest Rate Cap Provider to secure the obligations of the Interest Rate
          Cap
          Provider in accordance with the terms of the Interest Rate Cap Agreement.
          Except
          for investment earnings, the Interest Rate Cap Provider shall not have
          any
          legal, equitable or beneficial interest in the Interest Rate Cap Collateral
          Account other than in accordance with this Agreement, the Interest Rate
          Cap
          Agreement and applicable law. The Interest Rate Cap Custodian shall maintain
          and
          apply all collateral and earnings thereon on deposit in the Interest Rate
          Cap
          Collateral Account in accordance with Interest Rate Cap Credit Support
          Annex.

         

        Cash
          collateral posted by the Interest Rate Cap Provider in accordance with
          the
          Interest Rate Cap Credit Support Annex shall be invested at the direction
          of the
          Interest Rate Cap Provider in Permitted Investments that mature no later
          than
          the Business Day prior to the next succeeding Distribution Date. All amounts
          earned on amounts on deposit in the Interest Rate Cap Collateral Account
          (whether cash collateral or securities) shall be taxable to the Interest
          Rate
          Cap Provider.

         

        Upon
          the
          occurrence of an Event of Default, a Termination Event, or an Additional
          Termination Event (each as defined in the Interest Rate Cap Agreement),
          amounts
          in the Interest Rate Cap Collateral Account shall be withdrawn by the Interest
          Rate Cap Custodian and applied to the payment of any termination payment
          due to
          Party B (as defined in the Interest Rate Cap Agreement) in accordance with
          the
          Interest Rate Cap Credit Support Annex. Any excess amounts held in such
          Interest
          Rate Cap Collateral Account after payment of all amounts owing to Party
          B under
          the Interest Rate Cap Agreement shall be withdrawn from the Interest Rate
          Cap
          Collateral Account and paid to the Interest Rate Cap Provider in accordance
          with
          the Interest Rate Cap Credit Support Annex.

         

        (c)  The
          Trustee (in its capacity as Supplemental Interest Trust Trustee) is hereby
          directed to perform the obligations of the Custodian as defined under the
          Swap
          Credit Support Annex (the “Swap Custodian”). On or before the Closing Date, the
          Swap Custodian shall establish a Swap Collateral Account. The Swap Collateral
          Account shall be held in the name of the Swap Custodian in trust for the
          benefit
          of the Certificateholders. The Swap Collateral Account must be an Eligible
          Account and shall be titled “Swap Collateral Account, Deutsche Bank National
          Trust Company, as Swap Custodian for registered Holders of the First Franklin
          Home Loan Trust 2006-FF16, Asset Backed Pass-Through Certificates.”

         

        The
          Swap
          Custodian shall credit to Swap Collateral Account all collateral (whether
          in the
          form of cash or securities) posted by the Swap Provider to secure the
          obligations of the Swap Provider in accordance with the terms of the Interest
          Rate Swap Agreement. Except for investment earnings, the Swap Provider
          shall not
          have any legal, equitable or beneficial interest in the Swap Collateral
          Account
          other than in accordance with this Agreement, the Interest Rate Swap Agreement
          and applicable law. The Swap Custodian shall maintain and apply all collateral
          and earnings thereon on deposit in the Swap Collateral Account in accordance
          with Swap Credit Support Annex.

         

        Cash
          collateral posted by the Swap Provider in accordance with the Swap Credit
          Support Annex shall be invested at the direction of the Swap Provider in
          Permitted Investments that mature no later than the Business Day prior
          to the
          next succeeding Distribution Date. All amounts earned on amounts on deposit
          in
          the Swap Collateral Account (whether cash collateral or securities) shall
          be
          taxable to the Swap Provider.

         

        Upon
          the
          occurrence of an Event of Default, a Termination Event, or an Additional
          Termination Event (each as defined in the Interest Rate Swap Agreement),
          amounts
          in the Swap Collateral Account shall be withdrawn by the Swap Custodian
          and
          applied to the payment of any termination payment due to Party B (as defined
          in
          the Interest Rate Swap Agreement) in accordance with the Swap Credit Support
          Annex. Any excess amounts held in such Swap Collateral Account after payment
          of
          all amounts owing to Party B under the Interest Rate Swap Agreement shall
          be
          withdrawn from the Swap Collateral Account and paid to the Swap Provider
          in
          accordance with the Swap Credit Support Annex.

         

        	SECTION
                4.13  	
                Rights
                  and Obligations Under the Basis Risk Cap Agreement, the Interest
                  Rate Cap
                  Agreement and the Interest Rate Swap
                  Agreement.

              

         

        (a)  In
          the
          event that the Basis Risk Cap Provider fails to perform any of its obligations
          under the Basis Risk Cap Agreement (including, without limitation, its
          obligation to make any payment or transfer collateral), or breaches any
          of its
          representations and warranties thereunder, or in the event that any Event
          of
          Default, Termination Event, or Additional Termination Event (each as defined
          in
          the Basis Risk Cap Agreement) occurs with respect to the Basis Risk Cap
          Agreement, the Trustee shall, promptly following actual notice of such
          failure,
          breach or event, notify the Depositor and send any notices and make any
          demands,
          on behalf of the Trust, required to enforce the rights of the Trust under
          the
          Basis Risk Cap Agreement.

         

        In
          the
          event that the Basis Risk Cap Provider’s obligations are guaranteed by a third
          party under a guaranty relating to the Basis Risk Cap Agreement (such guaranty
          the “Guaranty” and such third party the “Guarantor”), then to the extent that
          the Basis Risk Cap Provider fails to make any payment by the close of business
          on the day it is required to make payment under the terms of the Basis
          Risk Cap
          Agreement, the Trustee shall, promptly following actual notice of the Basis
          Risk
          Cap Provider’s failure to pay, demand that the Guarantor make any and all
          payments then required to be made by the Guarantor pursuant to such Guaranty;
          provided, that the Trustee shall in no event be liable for any failure
          or delay
          in the performance by the Basis Risk Cap Provider or any Guarantor of its
          obligations hereunder or pursuant to the Basis Risk Cap Agreement and the
          Guaranty, nor for any special, indirect or consequential loss or damage
          of any
          kind whatsoever (including but not limited to lost profits) in connection
          therewith.

         

        Upon
          an
          early termination of the Baisk Risk Cap Agreement other than in connection
          with
          the optional termination of the Trust, the Trustee will use reasonable
          efforts
          to appoint a successor basis risk cap provider to enter into a new basis
          risk
          cap agreement on terms substantially similar to the Baisk Risk Cap Agreement,
          with a successor basis risk cap provider meeting all applicable eligibility
          requirements. If the Trustee receives a termination payment from the Baisk
          Risk
          Cap Provider in connection with such early termination, the Trustee will
          apply
          such termination payment to any upfront payment required to appoint the
          successor basis risk cap provider. If the Trustee is required to pay a
          termination payment to the Baisk Risk Cap Provider in connection with such
          early
          termination, the Trustee will apply any upfront payment received from the
          successor basis risk cap provider to pay such termination payment.

         

        If
          the
          Trustee is unable to appoint a successor basis risk cap provider within
          30 days
          of the early termination, then the Trustee will deposit any termination
          payment
          received from the original Basis Risk Cap Provider into a separate, non-interest
          bearing reserve account and will, on each subsequent Distribution Date,
          withdraw
          from the amount then remaining on deposit in such reserve account, an amount
          equal to the payment, if any, that would have been paid to the Trustee
          by the
          original Basis Risk Cap Provider calculated in accordance with the terms
          of the
          original Basis Risk Cap Agreement, and distribute such amount in accordance
          with
          the terms of Section 4.01(d).

         

        Upon
          an
          early termination of the Basis Risk Cap Agreement in connection with the
          optional termination of the Trust, if the Trustee receives a termination
          payment
          from the Basis Risk Cap Provider, such termination payment will be distributed
          in accordance with Section 4.01(d).

         

        (b)  In
          the
          event that the Interest Rate Cap Provider fails to perform any of its
          obligations under the Interest Rate Cap Agreement (including, without
          limitation, its obligation to make any payment or transfer collateral),
          or
          breaches any of its representations and warranties thereunder, or in the
          event
          that any Event of Default, Termination Event, or Additional Termination
          Event
          (each as defined in the Interest Rate Cap Agreement) occurs with respect
          to the
          Interest Rate Cap Agreement, the Trustee (in its capacity as Cap Trustee)
          shall,
          promptly following actual notice of such failure, breach or event, notify
          the
          Depositor and send any notices and make any demands, on behalf of the Cap
          Trust,
          required to enforce the rights of the Cap Trust under the Interest Rate
          Cap
          Agreement.

         

        In
          the
          event that the Interest Rate Cap Provider’s obligations are guaranteed by a
          third party under a guaranty relating to the Interest Rate Cap Agreement
          (such
          guaranty the “Guaranty” and such third party the “Guarantor”), then to the
          extent that the Interest Rate Cap Provider fails to make any payment by
          the
          close of business on the day it is required to make payment under the terms
          of
          the Interest Rate Cap Agreement, the Trustee (in its capacity as Cap Trustee)
          shall, promptly following actual notice of the Interest Rate Cap Provider’s
          failure to pay, demand that the Guarantor make any and all payments then
          required to be made by the Guarantor pursuant to such Guaranty; provided,
          that
          the Trustee (in its capacity as Cap Trustee) shall in no event be liable
          for any
          failure or delay in the performance by the Interest Rate Cap Provider or
          any
          Guarantor of its obligations hereunder or pursuant to the Interest Rate
          Cap
          Agreement and the Guaranty, nor for any special, indirect or consequential
          loss
          or damage of any kind whatsoever (including but not limited to lost profits)
          in
          connection therewith.

         

        Upon
          an
          early termination of the Interest Rate Cap Agreement other than in connection
          with the optional termination of the Trust, the Trustee (in its capacity
          as Cap
          Trustee) will use reasonable efforts to appoint a successor interest rate
          cap
          provider to enter into a new interest rate cap agreement on terms substantially
          similar to the Interest Rate Cap Agreement, with a successor interest rate
          cap
          provider meeting all applicable eligibility requirements. If the Trustee
          (in its
          capacity as Cap Trustee) receives a termination payment from the Interest
          Rate
          Cap Provider in connection with such early termination, the Trustee (in
          its
          capacity as Cap Trustee) will apply such termination payment to any upfront
          payment required to appoint the successor interest rate cap provider. If
          the
          Trustee (in its capacity as Cap Trustee) is required to pay a termination
          payment to the Interest Rate Cap Provider in connection with such early
          termination, the Trustee (in its capacity as Cap Trustee) will apply any
          upfront
          payment received from the successor interest rate cap provider to pay such
          termination payment.

         

        If
          the
          Trustee (in its capacity as Cap Trustee) is unable to appoint a successor
          interest rate cap provider within 30 days of the early termination, then
          the
          Trustee (in its capacity as Cap Trustee) will deposit any termination payment
          received from the original Interest Rate Cap Provider into a separate,
          non-interest bearing reserve account and will, on each subsequent Distribution
          Date, withdraw from the amount then remaining on deposit in such reserve
          account
          an amount equal to the payment, if any, that would have been paid to the
          Trustee
          (in its capacity as Cap Trustee) by the original Interest Rate Cap Provider
          calculated in accordance with the terms of the original Interest Rate Cap
          Agreement, and distribute such amount in accordance with the terms of Section
          4.01(g).

         

        (c)  Upon
          an
          early termination of the Interest Rate Cap Agreement in connection with
          the
          optional termination of the Trust, if the Trustee (in its capacity as Cap
          Trustee) receives a termination payment from the Interest Rate Cap Provider,
          such termination payment will be distributed in accordance with Section
          4.01(g).

         

        (d)  In
          the
          event that the Swap Provider fails to perform any of its obligations under
          the
          Interest Rate Swap Agreement (including, without limitation, its obligation
          to
          make any payment or transfer collateral), or breaches any of its representations
          and warranties thereunder, or in the event that any Event of Default,
          Termination Event, or Additional Termination Event (each as defined in
          the
          Interest Rate Swap Agreement) occurs with respect to the Interest Rate
          Swap
          Agreement, the Trustee (in its capacity as Supplemental Interest Trust
          Trustee)
          shall, promptly following actual notice of such failure, breach or event,
          notify
          the Depositor and send any notices and make any demands, on behalf of the
          Supplemental Interest Trust, required to enforce the rights of the Supplemental
          Interest Trust under the Interest Rate Swap Agreement.

         

        In
          the
          event that the Swap Provider’s obligations are guaranteed by a third party under
          a guaranty relating to the Interest Rate Swap Agreement (such guaranty
          the
“Guaranty” and such third party the “Guarantor”), then to the extent that the
          Swap Provider fails to make any payment by the close of business on the
          day it
          is required to make payment under the terms of the Interest Rate Swap Agreement,
          the Trustee (in its capacity as Supplemental Interest Trust Trustee) shall,
          promptly following actual notice of the Swap Provider’s failure to pay, demand
          that the Guarantor make any and all payments then required to be made by
          the
          Guarantor pursuant to such Guaranty; provided, that the Trustee (in its
          capacity
          as Supplemental Interest Trust Trustee) shall in no event be liable for
          any
          failure or delay in the performance by the Swap Provider or any Guarantor
          of its
          obligations hereunder or pursuant to the Interest Rate Swap Agreement and
          the
          Guaranty, nor for any special, indirect or consequential loss or damage
          of any
          kind whatsoever (including but not limited to lost profits) in connection
          therewith.

         

        Upon
          an
          early termination of the Interest Rate Swap Agreement other than in connection
          with the optional termination of the Trust, the Trustee (in its capacity
          as
          Supplemental Interest Trust Trustee) will use reasonable efforts to appoint
          a
          successor swap provider to enter into a new interest rate swap agreement
          on
          terms substantially similar to the Interest Rate Swap Agreement, with a
          successor swap provider meeting all applicable eligibility requirements.
          If the
          Trustee (in its capacity as Supplemental Interest Trust Trustee) receives
          a
          termination payment from the Swap Provider in connection with such early
          termination, the Trustee (in its capacity as Supplemental Interest Trust
          Trustee) will apply such termination payment to any upfront payment required
          to
          appoint the successor swap provider. If the Trustee (in its capacity as
          Supplemental Interest Trust Trustee) is required to pay a termination payment
          to
          the Swap Provider in connection with such early termination, the Trustee
          (in its
          capacity as Supplemental Interest Trust Trustee) will apply any upfront
          payment
          received from the successor swap provider to pay such termination
          payment.

         

        If
          the
          Trustee (in its capacity as Supplemental Interest Trust Trustee) is unable
          to
          appoint a successor swap provider within 30 days of the early termination,
          then
          the Trustee (in its capacity as Supplemental Interest Trust Trustee) will
          deposit any termination payment received from the original Swap Provider
          into a
          separate, non-interest bearing reserve account and will, on each subsequent
          Distribution Date, withdraw from the amount then remaining on deposit in
          such
          reserve account an amount equal to the Net Swap Payment, if any, that would
          have
          been paid to the Trustee (in its capacity as Supplemental Interest Trust
          Trustee) by the original Swap Provider calculated in accordance with the
          terms
          of the original Interest Rate Swap Agreement, and distribute such amount
          in
          accordance with the terms of Section 4.01(f).

         

        Upon
          an
          early termination of the Interest Rate Swap Agreement in connection with
          the
          optional termination of the Trust, if the Trustee (in its capacity as
          Supplemental Interest Trust Trustee) receives a termination payment from
          the
          Swap Provider, such termination payment will be distributed in accordance
          with
          Section 4.01(f).

         

        

         

        

         

        

         

          

         

        
          
             

          

          
             

            
              

            

          

          
             

          

        

        
ARTICLE
          V

        THE
          CERTIFICATES

         

        	SECTION
                5.01  	
                The
                  Certificates.

              

         

        Each
          of
          the Floating Rate Certificates, the Class P Certificates, the Class C
          Certificates and the Residual Certificates shall be substantially in the
          forms
          annexed hereto as exhibits, and shall, on original issue, be executed,
          authenticated and delivered by the Trustee to or upon the order of the
          Depositor
          concurrently with the sale and assignment to the Trustee of the Trust Fund.
          The
          Floating Rate Certificates shall be initially evidenced by one or more
          Certificates representing a Percentage Interest with a minimum dollar
          denomination of $25,000 and integral dollar multiples of $1.00 in excess
          thereof, provided that Floating Rate Certificates must be purchased in
          minimum
          total investments of $100,000 per class, except that one Certificate of
          each
          such Class of Certificates may be in a different denomination so that the
          sum of
          the denominations of all outstanding Certificates of such Class shall equal
          the
          Certificate Principal Balance of such Class on the Closing Date. The Class
          P
          Certificates, the Class C Certificates and the Residual Certificates are
          issuable in any Percentage Interests; provided, however, that the sum of
          all
          such percentages for each such Class totals 100% and no more than ten
          Certificates of each Class may be issued and outstanding at any one
          time.

         

        The
          Certificates shall be executed on behalf of the Trust by manual or facsimile
          signature on behalf of the Trustee by a Responsible Officer. Certificates
          bearing the manual or facsimile signatures of individuals who were, at
          the time
          when such signatures were affixed, authorized to sign on behalf of the
          Trustee
          shall bind the Trust, notwithstanding that such individuals or any of them
          have
          ceased to be so authorized prior to the authentication and delivery of
          such
          Certificates or did not hold such offices at the date of such Certificate.
          No
          Certificate shall be entitled to any benefit under this Agreement or be
          valid
          for any purpose, unless such Certificate shall have been manually authenticated
          by the Trustee substantially in the form provided for herein, and such
          authentication upon any Certificate shall be conclusive evidence, and the
          only
          evidence, that such Certificate has been duly authenticated and delivered
          hereunder. All Certificates shall be dated the date of their authentication.
          Subject to Section 5.02(c), the Floating Rate Certificates shall be Book-Entry
          Certificates. The other Classes of Certificates shall not be Book-Entry
          Certificates.

         

        	SECTION
                5.02  	
                Registration
                  of Transfer and Exchange of Certificates.

              

         

        (a)  The
          Certificate Registrar shall cause to be kept at the Corporate Trust Office
          a
          Certificate Register in which, subject to such reasonable regulations as
          it may
          prescribe, the Certificate Registrar shall provide for the registration
          of
          Certificates and of transfers and exchanges of Certificates as herein provided.
          The Trustee shall initially serve as Certificate Registrar for the purpose
          of
          registering Certificates and transfers and exchanges of Certificates as
          herein
          provided.

         

        Upon
          surrender for registration of transfer of any Certificate at any office
          or
          agency of the Certificate Registrar maintained for such purpose pursuant
          to the
          foregoing paragraph which office shall initially be the offices designated
          by
          the Trustee and, in the case of a Residual Certificate, upon satisfaction
          of the
          conditions set forth below, the Trustee on behalf of the Trust shall execute,
          authenticate and deliver, in the name of the designated transferee or
          transferees, one or more new Certificates of the same aggregate Percentage
          Interest.

         

        At
          the
          option of the Certificateholders, Certificates may be exchanged for other
          Certificates in authorized denominations and the same aggregate Percentage
          Interests, upon surrender of the Certificates to be exchanged at any such
          office
          or agency. Whenever any Certificates are so surrendered for exchange, the
          Trustee shall execute on behalf of the Trust and authenticate and deliver
          the
          Certificates which the Certificateholder making the exchange is entitled
          to
          receive. Every Certificate presented or surrendered for registration of
          transfer
          or exchange shall (if so required by the Trustee or the Certificate Registrar)
          be duly endorsed by, or be accompanied by a written instrument of transfer
          satisfactory to the Trustee and the Certificate Registrar duly executed
          by, the
          Holder thereof or his attorney duly authorized in writing. In addition,
          (i) with
          respect to each Class R Certificate, the holder thereof may exchange, in
          the
          manner described above, such Class R Certificate for two separate certificates,
          each representing such holder’s respective Percentage Interest in the Class R-1
          Interest, the Class R-2 Interest and the Class R-3 Interest that was evidenced
          by the Class R Certificate being exchanged and (ii) with respect to each
          Class
          R-X Certificate, the holder thereof may exchange, in the manner described
          above,
          such Class R-X Certificate for three separate certificates, each representing
          such holder’s respective Percentage Interest in the Class R-4 Interest, the
          Class R-5 Interest and the Class R-6 Interest that was evidenced by the
          Class
          R-X Certificate being exchanged.

         

        (b)  Except
          as
          provided in paragraph (c) below, the Book-Entry Certificates shall at all
          times
          remain registered in the name of the Depository or its nominee and at all
          times:
          (i) registration of such Certificates may not be transferred by the Trustee
          except to another Depository; (ii) the Depository shall maintain book-entry
          records with respect to the Certificate Owners and with respect to ownership
          and
          transfers of such Certificates; (iii) ownership and transfers of registration
          of
          such Certificates on the books of the Depository shall be governed by applicable
          rules established by the Depository; (iv) the Depository may collect its
          usual
          and customary fees, charges and expenses from its Depository Participants;
          (v)
          the Trustee shall for all purposes deal with the Depository as representative
          of
          the Certificate Owners of the Certificates for purposes of exercising the
          rights
          of Holders under this Agreement, and requests and directions for and votes
          of
          such representative shall not be deemed to be inconsistent if they are
          made with
          respect to different Certificate Owners; (vi) the Trustee may rely and
          shall be
          fully protected in relying upon information furnished by the Depository
          with
          respect to its Depository Participants and furnished by the Depository
          Participants with respect to indirect participating firms and Persons shown
          on
          the books of such indirect participating firms as direct or indirect Certificate
          Owners; and (vii) the direct participants of the Depository shall have
          no rights
          under this Agreement under or with respect to any of the Certificates held
          on
          their behalf by the Depository, and the Depository may be treated by the
          Trustee
          and its agents, employees, officers and directors as the absolute owner
          of the
          Certificates for all purposes whatsoever.

         

        All
          transfers by Certificate Owners of Book-Entry Certificates shall be made
          in
          accordance with the procedures established by the Depository Participant
          or
          brokerage firm representing such Certificate Owners. Each Depository Participant
          shall only transfer Book-Entry Certificates of Certificate Owners that
          it
          represents or of brokerage firms for which it acts as agent in accordance
          with
          the Depository’s normal procedures. The parties hereto are hereby authorized to
          execute a Letter of Representations with the Depository or take such other
          action as may be necessary or desirable to register a Book-Entry Certificate
          to
          the Depository. In the event of any conflict between the terms of any such
          Letter of Representation and this Agreement, the terms of this Agreement
          shall
          control.

         

        (c)  If
          (i)(x)
          the Depository or the Depositor advises the Trustee in writing that the
          Depository is no longer willing or able to discharge properly its
          responsibilities as Depository and (y) the Trustee or the Depositor is
          unable to
          locate a qualified successor or (ii) after the occurrence of a Servicer
          Event of
          Termination, the Certificate Owners of the Book-Entry Certificates representing
          Percentage Interests of such Classes aggregating not less than 51% advise
          the
          Trustee and Depository through the Financial Intermediaries and the Depository
          Participants in writing that the continuation of a book-entry system through
          the
          Depository to the exclusion of definitive, fully registered certificates
          (the
“Definitive Certificates”) to Certificate Owners is no longer in the best
          interests of the Certificate Owners. Upon surrender to the Certificate
          Registrar
          of the Book-Entry Certificates by the Depository, accompanied by registration
          instructions from the Depository for registration, the Trustee shall, in
          the
          case of (i) and (ii) above, execute on behalf of the Trust and authenticate
          the
          Definitive Certificates. Neither the Depositor nor the Trustee shall be
          liable
          for any delay in delivery of such instructions and may conclusively rely
          on, and
          shall be protected in relying on, such instructions. Upon the issuance
          of
          Definitive Certificates, the Trustee, the Certificate Registrar, the Servicer,
          any Paying Agent and the Depositor shall recognize the Holders of the Definitive
          Certificates as Certificateholders hereunder.

         

        (d)  No
          transfer, sale, pledge or other disposition of any Class C Certificate,
          Class P
          Certificate or Residual Certificate (the “Private Certificates”) shall be made
          unless such disposition is exempt from the registration requirements of
          the
          Securities Act, and any applicable state securities laws or is made in
          accordance with the Securities Act and laws. In the event of any such transfer
          (other than in connection with (i) the initial transfer of any such Certificate
          by the Depositor to an Affiliate of the Depositor or, in the case of the
          Class
          R-X Certificates, the first transfer by an Affiliate of the Depositor or
          the
          first transfer by the initial transferee of an Affiliate of the Depositor,
          (ii)
          the transfer of any such Class C, Class P or Residual Certificate to the
          issuer
          under the Indenture or the indenture trustee under the Indenture or (iii)
          a
          transfer of any such Class C, Class P or Residual Certificate from the
          issuer
          under the Indenture or the indenture trustee under the Indenture to the
          Depositor or an Affiliate of the Depositor), (i) unless such transfer is
          made in
          reliance upon Rule 144A (as evidenced by the investment letter delivered
          to the
          Trustee, in substantially the form attached hereto as Exhibit J) under
          the
          Securities Act, the Trustee and the Depositor shall require a written Opinion
          of
          Counsel (which may be in-house counsel) acceptable to and in form and substance
          reasonably satisfactory to the Trustee and the Depositor that such transfer
          may
          be made pursuant to an exemption, describing the applicable exemption and
          the
          basis therefor, from the Securities Act or is being made pursuant to the
          Securities Act, which Opinion of Counsel shall not be an expense of the
          Trustee
          or the Depositor or (ii) the Trustee shall require the transferor to execute
          a
          transferor certificate (in substantially the form attached hereto as Exhibit
          L)
          and the transferee to execute an investment letter (in substantially the
          form
          attached hereto as Exhibit J) acceptable to and in form and substance reasonably
          satisfactory to the Depositor and the Trustee certifying to the Depositor
          and
          the Trustee the facts surrounding such transfer, which investment letter
          shall
          not be an expense of the Trustee or the Depositor. The Holder of a Private
          Certificate desiring to effect such transfer shall, and does hereby agree
          to,
          indemnify the Trustee and the Depositor against any liability that may
          result if
          the transfer is not so exempt or is not made in accordance with such federal
          and
          state laws.

         

        Notwithstanding
          the foregoing, in the event of any such transfer of any Ownership Interest
          in
          any Private Certificate that is a Book-Entry Certificate, except with respect
          to
          the initial transfer of any such Ownership Interest by the Depositor, such
          transfer shall be required to be made in reliance upon Rule 144A under
          the
          Securities Act, and the transferor will be deemed to have made each of
          the
          transferor representations and warranties set forth Exhibit L hereto in
          respect
          of such interest as if it was evidenced by a Definitive Certificate and
          the
          transferee will be deemed to have made each of the transferee representations
          and warranties set forth Exhibit J hereto in respect of such interest as
          if it
          was evidenced by a Definitive Certificate. The Certificate Owner of any
          such
          Ownership Interest in any such Book-Entry Certificate desiring to effect
          such
          transfer shall, and does hereby agree to, indemnify the Trustee and the
          Depositor against any liability that may result if the transfer is not
          so exempt
          or is not made in accordance with such federal and state laws.

         

        Notwithstanding
          the foregoing, no certification or Opinion of Counsel described above in
          this
          Section 5.02(d) will be required in connection with the transfer, on the
          Closing
          Date, of any Residual Certificate by the Depositor to an “accredited investor”
within the meaning of Rule 501 of the Securities Act.

         

        No
          transfer of a Class C Certificate, Class P Certificate or Residual Certificate
          or any interest therein shall be made to any Plan, any Person acting, directly
          or indirectly, on behalf of any such Plan or any Person acquiring such
          Certificates with “Plan Assets” of a Plan within the meaning of the Department
          of Labor regulation promulgated at 29 C.F.R. § 2510.3-101 (“Plan Assets”), as
          certified by such transferee in the form of Exhibit M, unless the Trustee
          is
          provided with an Opinion of Counsel for the benefit of the Depositor, the
          Trustee and the Servicer and on which they may rely which establishes to
          the
          satisfaction of the Trustee that the purchase of such Certificates is
          permissible under applicable law, will not constitute or result in any
          prohibited transaction under ERISA or Section 4975 of the Code and will
          not
          subject the Depositor, the Servicer, the Trustee or the Trust Fund to any
          obligation or liability (including obligations or liabilities under ERISA
          or
          Section 4975 of the Code) in addition to those undertaken in this Agreement,
          which Opinion of Counsel shall not be an expense of the Depositor, the
          Servicer,
          the Trustee or the Trust Fund. Neither a certification nor an Opinion of
          Counsel
          will be required in connection with (i) the initial transfer of any such
          Certificate by the Depositor to an Affiliate of the Depositor, (ii) the
          transfer
          of any such Class C, Class P or Residual Certificate to the issuer under
          the
          Indenture or the indenture trustee under the Indenture or (iii) a transfer
          of
          any such Class C, Class P or Residual Certificate from the issuer under
          the
          Indenture or the indenture trustee under the Indenture to the Depositor
          or an
          Affiliate of the Depositor (in which case, the Depositor or any Affiliate
          thereof shall have deemed to have represented that such Affiliate is not
          a Plan
          or a Person investing Plan Assets) and the Trustee shall be entitled to
          conclusively rely upon a representation (which, upon the request of the
          Trustee,
          shall be a written representation) from the Transferor of the status of
          such
          transferee as an affiliate of the Depositor.

         

        For
          so
          long as the Supplemental Interest Trust is in existence, each beneficial
          owner
          of a Floating Rate Certificate or any interest therein, shall be deemed
          to have
          represented, by virtue of its acquisition or holding of the Floating Rate
          Certificate, or interest therein, that either (i) it is not a Plan or (ii)
          (A)
          it is an accredited investor within the meaning of Prohibited Transaction
          Exemption (“PTE”) 90-59, 55 Fed. Reg. 36724 (September 6, 1990), as amended by
          PTE 97-34, 62 Fed. Reg. 39021 (July 21, 1997), PTE 2000-58, 65 Fed. Reg.
          67765
          (November 13, 2000) and PTE 2002-41, 67 Fed. Reg. 54487 (August 22, 2002)
          (the
“Exemption”) and (B) the acquisition and holding of such Certificate and the
          separate right to receive payments from the Supplemental Interest Trust
          are
          eligible for the exemptive relief available under Prohibited Transaction
          Class
          Exemption (“PTCE”) 84-14, 91-38, 90-1, 95-60 or 96-23, in the case of a Floating
          Rate Certificate.

         

        Subsequent
          to the termination of the Supplemental Interest Trust, each Transferee
          of a
          Mezzanine Certificate will be deemed to have represented by virtue of its
          purchase or holding of such Certificate (or interest therein) that either
          (a)
          such Transferee is not a Plan or purchasing such Certificate with Plan
          Assets or
          (b) the following conditions are satisfied: (i) such Transferee is an insurance
          company, (ii) the source of funds used to purchase or hold such Certificate
          (or
          interest therein) is an “insurance company general account” as defined in PTCE
          95-60, and (iii) the conditions set forth in Sections I and III of PTCE
          95-60
          have been satisfied.

         

        If
          any
          Certificate or any interest therein is acquired or held in violation of
          the
          provisions of the three preceding paragraphs, the next preceding permitted
          beneficial owner will be treated as the beneficial owner of that Certificate
          retroactive to the date of transfer to the purported beneficial owner.
          Any
          purported beneficial owner whose acquisition or holding of any such Certificate
          or interest therein was effected in violation of the provisions of the
          three
          preceding paragraphs shall indemnify and hold harmless the Depositor, the
          Servicer, the NIMS Insurer, the Trustee and the Trust from and against
          any and
          all liabilities, claims, costs or expenses incurred by those parties as
          a result
          of that acquisition or holding.

         

        Each
          Person who has or who acquires any Ownership Interest in a Residual Certificate
          shall be deemed by the acceptance or acquisition of such Ownership Interest
          to
          have agreed to be bound by the following provisions and to have irrevocably
          appointed the Depositor or its designee as its attorney-in-fact to negotiate
          the
          terms of any mandatory sale under clause (v) below and to execute all
          instruments of transfer and to do all other things necessary in connection
          with
          any such sale, and the rights of each Person acquiring any Ownership Interest
          in
          a Residual Certificate are expressly subject to the following
          provisions:

         

        (i)  Each
          Person holding or acquiring any Ownership Interest in a Residual Certificate
          shall be a Permitted Transferee and shall promptly notify the Trustee of
          any
          change or impending change in its status as a Permitted Transferee.

         

        (ii)  No
          Person
          shall acquire an Ownership Interest in a Residual Certificate unless such
          Ownership Interest is a pro
          rata
          undivided interest.

         

        (iii)  In
          connection with any proposed transfer of any Ownership Interest in a Residual
          Certificate, the Trustee shall as a condition to registration of the transfer,
          require delivery to it, in form and substance satisfactory to it, of each
          of the
          following:

         

        (A)  an
          affidavit in the form of Exhibit K hereto from the proposed transferee
          to the
          effect that such transferee is a Permitted Transferee and that it is not
          acquiring its Ownership Interest in the Residual Certificate that is the
          subject
          of the proposed transfer as a nominee, trustee or agent for any Person
          who is
          not a Permitted Transferee; and

         

        (B)  a
          covenant of the proposed transferee to the effect that the proposed transferee
          agrees to be bound by and to abide by the transfer restrictions applicable
          to
          the Residual Certificates.

         

        (iv)  Any
          attempted or purported transfer of any Ownership Interest in a Residual
          Certificate in violation of the provisions of this Section shall be absolutely
          null and void and shall vest no rights in the purported transferee. If
          any
          purported transferee shall, in violation of the provisions of this Section,
          become a Holder of a Residual Certificate, then the prior Holder of such
          Residual Certificate that is a Permitted Transferee shall, upon discovery
          that
          the registration of transfer of such Residual Certificate was not in fact
          permitted by this Section, be restored to all rights as Holder thereof
          retroactive to the date of registration of transfer of such Residual
          Certificate. The Trustee shall be under no liability to any Person for
          any
          registration of transfer of a Residual Certificate that is in fact not
          permitted
          by this Section or for making any distributions due on such Residual Certificate
          to the Holder thereof or taking any other action with respect to such Holder
          under the provisions of this Agreement so long as the Trustee received
          the
          documents specified in clause (iii). The Trustee shall be entitled to recover
          from any Holder of a Residual Certificate that was in fact not a Permitted
          Transferee at the time such distributions were made all distributions made
          on
          such Residual Certificate. Any such distributions so recovered by the Trustee
          shall be distributed and delivered by the Trustee to the prior Holder of
          such
          Residual Certificate that is a Permitted Transferee.

         

        (v)  If
          any
          Person other than a Permitted Transferee acquires any Ownership Interest
          in a
          Residual Certificate in violation of the restrictions in this Section,
          then the
          Trustee shall have the right but not the obligation, without notice to
          the
          Holder of such Residual Certificate or any other Person having an Ownership
          Interest therein, to notify the Depositor to arrange for the sale of such
          Residual Certificate. The proceeds of such sale, net of commissions (which
          may
          include commissions payable to the Depositor or its affiliates in connection
          with such sale), expenses and taxes due, if any, will be remitted by the
          Trustee
          to the previous Holder of such Residual Certificate that is a Permitted
          Transferee, except that in the event that the Trustee determines that the
          Holder
          of such Residual Certificate may be liable for any amount due under this
          Section
          or any other provisions of this Agreement, the Trustee may withhold a
          corresponding amount from such remittance as security for such claim. The
          terms
          and conditions of any sale under this clause (v) shall be determined in
          the sole
          discretion of the Trustee and it shall not be liable to any Person having
          an
          Ownership Interest in a Residual Certificate as a result of its exercise
          of such
          discretion.

         

        (vi)  If
          any
          Person other than a Permitted Transferee acquires any Ownership Interest
          in a
          Residual Certificate in violation of the restrictions in this Section,
          then the
          Trustee upon receipt of reasonable compensation will provide to the Internal
          Revenue Service, and to the persons specified in Sections 860E(e)(3) and
          (6) of
          the Code, information needed to compute the tax imposed under Section 860E(e)(5)
          of the Code on transfers of residual interests to disqualified
          organizations.

         

        The
          foregoing provisions of this Section shall cease to apply to transfers
          occurring
          on or after the date on which there shall have been delivered to the Trustee
          and
          the NIMS Insurer, in form and substance satisfactory to the Trustee and
          the NIMS
          Insurer, (i) written notification from each Rating Agency that the removal
          of
          the restrictions on transfer set forth in this Section will not cause such
          Rating Agency to downgrade its rating of the Certificates and (ii) an Opinion
          of
          Counsel to the effect that such removal will not cause any REMIC created
          hereunder to fail to qualify as a REMIC.

         

        (e)  No
          transfer of the Class C Certificates shall be made unless the transferee
          of such
          Certificates provides to the Trustee the appropriate tax certification
          form
          (i.e., IRS Form W-9 or IRS Form W-8BEN, W-8IMY, W-8EXP or W-8ECI, as applicable
          (or any successor form thereto)), as a condition to such transfer and agrees
          to
          update such forms (i) upon expiration of any such form, (ii) as required
          under
          then applicable U.S. Treasury regulations and (iii) promptly upon learning
          that
          any IRS Form W-9 or IRS Form W-8BEN, W-8IMY, W-8EXP or W-8ECI, as applicable
          (or
          any successor form thereto), has become obsolete or incorrect. Upon receipt
          of
          any such tax certification form from a transferee of any Class C Certificate,
          the Trustee shall provide a copy of such tax certification form to the
          Supplemental Interest Trust Trustee. The Supplemental Interest Trust Trustee
          shall provide to the Swap Provider a copy of any such tax certification
          form
          received from the Trustee.

         

        (f)  No
          service charge shall be made for any registration of transfer or exchange
          of
          Certificates of any Class, 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 transfer or exchange of Certificates.

         

        All
          Certificates surrendered for registration of transfer or exchange shall
          be
          canceled by the Certificate Registrar and disposed of pursuant to its standard
          procedures.

         

        	SECTION
                5.03  	
                Mutilated,
                  Destroyed, Lost or Stolen Certificates.

              

         

        If
          (i)
          any mutilated Certificate is surrendered to the Certificate Registrar or
          the
          Certificate Registrar receives evidence to its satisfaction of the destruction,
          loss or theft of any Certificate and (ii) there is delivered to the Trustee,
          the
          Depositor, the NIMS Insurer and the Certificate Registrar such security
          or
          indemnity as may be required by them to save each of them harmless, then,
          in the
          absence of notice to the Trustee or the Certificate Registrar that such
          Certificate has been acquired by a bona fide purchaser, the Trustee shall
          execute on behalf of the Trust, authenticate and deliver, in exchange for
          or in
          lieu of any such mutilated, destroyed, lost or stolen Certificate, a new
          Certificate of like tenor and Percentage Interest. Upon the issuance of
          any new
          Certificate under this Section, the Trustee or the Certificate Registrar
          may
          require the payment of a sum sufficient to cover any tax or other governmental
          charge that may be imposed in relation thereto and any other expenses (including
          the fees and expenses of the Trustee and the Certificate Registrar) in
          connection therewith. Any duplicate Certificate issued pursuant to this
          Section,
          shall constitute complete and indefeasible evidence of ownership in the
          Trust,
          as if originally issued, whether or not the lost, stolen or destroyed
          Certificate shall be found at any time.

         

        	SECTION
                5.04  	
                Persons
                  Deemed Owners.

              

         

        The
          Servicer, the Depositor, the Trustee, the NIMS Insurer, the Certificate
          Registrar, any Paying Agent and any agent of the Servicer, the Depositor,
          the
          Trustee, the NIMS Insurer, the Certificate Registrar or any Paying Agent
          may
          treat the Person, including a Depository, in whose name any Certificate
          is
          registered as the owner of such Certificate for the purpose of receiving
          distributions pursuant to Section 4.01 and for all other purposes whatsoever,
          and none of the Servicer, the Trust, the Trustee nor any agent of any of
          them
          shall be affected by notice to the contrary.

         

        	SECTION
                5.05  	
                Appointment
                  of Paying Agent.

              

         

        (a)  The
          Paying Agent shall make distributions to Certificateholders from the
          Distribution Account pursuant to Section 4.01 and shall report the amounts
          of
          such distributions to the Trustee. The duties of the Paying Agent may include
          the obligation (i) to withdraw funds from the Collection Account pursuant
          to
          Section 3.11(a) and for the purpose of making the distributions referred
          to
          above and (ii) to distribute statements and provide information to
          Certificateholders as required hereunder. The Paying Agent hereunder shall
          at
          all times be an entity duly organized and validly existing under the laws
          of the
          United States of America or any state thereof, authorized under such laws
          to
          exercise corporate trust powers and subject to supervision or examination
          by
          federal or state authorities. The Paying Agent shall initially be the Trustee.
          The Trustee may appoint a successor to act as Paying Agent, which appointment
          shall be reasonably satisfactory to the Depositor and the NIMS
          Insurer.

         

        (b)  The
          Trustee shall cause the Paying Agent (if other than the Trustee) to execute
          and
          deliver to the Trustee an instrument in which such Paying Agent shall agree
          with
          the Trustee that such Paying Agent shall hold all sums, if any, held by
          it for
          payment to the Certificateholders in trust for the benefit of the
          Certificateholders entitled thereto until such sums shall be paid to such
          Certificateholders and shall agree that it shall comply with all requirements
          of
          the Code regarding the withholding of payments in respect of Federal income
          taxes due from Certificate Owners and otherwise comply with the provisions
          of
          this Agreement applicable to it.

         

         

         

        
          
             

          

          
             

            
              

            

          

          
             

          

        

        ARTICLE
          VI

        THE
          SERVICER, THE DEPOSITOR AND THE CREDIT RISK MANAGER

         

        	SECTION
                6.01  	
                Liability
                  of the Servicer and the Depositor.

              

         

        The
          Servicer shall be liable in accordance herewith only to the extent of the
          obligations specifically imposed upon and undertaken by the Servicer herein.
          The
          Depositor shall be liable in accordance herewith only to the extent of
          the
          obligations specifically imposed upon and undertaken by the
          Depositor.

         

        	SECTION
                6.02  	
                Merger
                  or Consolidation of, or Assumption of the Obligations of, the Servicer
                  or
                  the Depositor.

              

         

        Any
          entity into which the Servicer or the Depositor may be merged or consolidated,
          or any entity resulting from any merger, conversion or consolidation to
          which
          the Servicer or the Depositor shall be a party, or any corporation succeeding
          to
          the business of the Servicer or the Depositor, shall be the successor of
          the
          Servicer or the Depositor, as the case may be, hereunder, without the execution
          or filing of any paper or any further act on the part of any of the parties
          hereto, anything herein to the contrary notwithstanding; provided, however,
          that
          the successor Servicer shall satisfy all the requirements of Section 7.02
          with
          respect to the qualifications of a successor Servicer.

         

        	SECTION
                6.03  	
                Limitation
                  on Liability of the Servicer and Others.

              

         

        Neither
          the Servicer nor the Depositor nor any of the directors or officers or
          employees
          or agents of the Servicer or the Depositor shall be under any liability
          to the
          Trust or the Certificateholders for any action taken or for refraining
          from the
          taking of any action by the Servicer or the Depositor in good faith pursuant
          to
          this Agreement, or for errors in judgment; provided, however, that this
          provision shall not protect the Servicer, the Depositor or any such Person
          against any liability which would otherwise be imposed by reason of its
          willful
          misfeasance, bad faith or negligence in the performance of duties of the
          Servicer or the Depositor, as the case may be, or by reason of its reckless
          disregard of its obligations and duties of the Servicer or the Depositor,
          as the
          case may be, hereunder. The Servicer and any director or officer or employee
          or
          agent of the Servicer may rely in good faith on any document of any kind
          prima
          facie properly executed and submitted by any Person respecting any matters
          arising hereunder. The Servicer and the Depositor, and any director or
          officer
          or employee or agent of the Servicer or the Depositor, shall be indemnified
          by
          the Trust and held harmless against (i) any loss, liability or expense
          incurred
          in connection with any legal action relating to this Agreement or the
          Certificates, other than any loss, liability or expense related to any
          specific
          Mortgage Loan or Mortgage Loans (except as any such loss, liability or
          expense
          shall be otherwise reimbursable pursuant to this Agreement) and any loss,
          liability or expense incurred by reason of its willful misfeasance, bad
          faith or
          negligence in the performance of duties hereunder or by reason of its failure
          to
          perform its obligations or duties hereunder and (ii) any breach of a
          representation or warranty regarding the Mortgage Loans. The Servicer or
          the
          Depositor may initiate any such action which it may deem necessary or desirable
          in respect of this Agreement, and the rights and duties of the parties
          hereto
          and the interests of the Certificateholders hereunder. In such event, the
          reasonable legal expenses and costs of such action and any liability resulting
          therefrom shall be expenses, costs and liabilities of the Trust and the
          Servicer
          shall be entitled to be reimbursed therefor from the Collection Account
          as and
          to the extent provided in Section 3.11, any such right of reimbursement
          being
          prior to the rights of the Certificateholders to receive any amount in
          the
          Collection Account. The Servicer’s right to indemnity or reimbursement pursuant
          to this Section shall survive any resignation or termination of the Servicer
          pursuant to Section 6.04 or 7.01 with respect to any losses, expenses,
          costs or
          liabilities arising prior to such resignation or termination (or arising
          from
          events that occurred prior to such resignation or termination). This paragraph
          shall apply to the Servicer solely in its capacity as Servicer hereunder
          and in
          no other capacities. 

        

        	SECTION
                6.04  	
                Servicer
                  Not to Resign.

              

         

        The
          Servicer shall not resign from the obligations and duties hereby imposed
          on it
          except (i) upon determination that its duties hereunder are no longer
          permissible under applicable law or are in material conflict by reason
          of
          applicable law with any other activities carried on by it or its subsidiaries
          or
          Affiliates, the other activities of the Servicer so causing such a conflict
          being of a type and nature carried on by the Servicer or its subsidiaries
          or
          Affiliates at the date of this Agreement or (ii) upon satisfaction of the
          following conditions: (a) the Servicer has proposed a successor servicer
          to the
          Trustee and the NIMS Insurer in writing and such proposed successor servicer
          is
          reasonably acceptable to the Trustee and the NIMS Insurer and (b) each
          Rating
          Agency shall have delivered a letter to the Trustee and the NIMS Insurer
          prior
          to the appointment of the successor servicer stating that the proposed
          appointment of such successor servicer as Servicer hereunder will not result
          in
          the reduction or withdrawal of the then current rating of the Certificates;
          provided, however, that no such resignation by the Servicer shall become
          effective until such successor servicer or, in the case of (i) above, the
          Trustee shall have assumed the Servicer’s responsibilities and obligations
          hereunder or the Trustee shall have designated, with the consent of the
          NIMS
          Insurer, a successor servicer in accordance with Section 7.02. Except as
          expressly provided herein, the Servicer shall not assign or transfer any
          of its
          rights, benefits or privileges hereunder to any other Person, or delegate
          to or
          subcontract with, or authorize or appoint any other Person to perform any
          of the
          duties, covenants or obligations to be performed by the Servicer hereunder.
          The
          foregoing prohibition on assignment shall not prohibit the Servicer from
          designating a Sub-Servicer as payee of any indemnification amount payable
          to the
          Servicer hereunder; provided, however, no Sub-Servicer shall be a third-party
          beneficiary hereunder and the parties hereto shall not be required to recognize
          any Subservicer as an indemnitee under this Agreement.

         

        	SECTION
                6.05  	
                Delegation
                  of Duties.

              

         

        In
          the
          ordinary course of business, the Servicer at any time may delegate any
          of its
          duties hereunder to any Person, including any of its Affiliates, who agrees
          to
          conduct such duties in accordance with standards comparable to those set
          forth
          in Section 3.01. Such delegation shall not relieve the Servicer of its
          liabilities and responsibilities with respect to such duties and shall
          not
          constitute a resignation within the meaning of Section 6.04. Except as
          provided
          in Section 3.02, no such delegation is permitted that results in the delegee
          subservicing any Mortgage Loans. The Servicer shall provide the Trustee
          and the
          NIMS Insurer with 60 days prior written notice prior to the delegation
          of any of
          its duties to any Person other than any of the Servicer’s Affiliates or their
          respective successors and assigns.

         

        	SECTION
                6.06  	
                [Reserved].

              

         

        	SECTION
                6.07  	
                Inspection.

              

         

        The
          Servicer, in its capacity as Servicer, shall afford the Trustee and the
          NIMS
          Insurer, upon reasonable notice, during normal business hours, access to
          all
          records maintained by the Servicer in respect of its rights and obligations
          hereunder and access to officers of the Servicer responsible for such
          obligations.

         

        	SECTION
                6.08  	
                Duties
                  of the Credit Risk Manager.

              

         

        For
          and
          on behalf of the Depositor, the Credit Risk Manager will provide reports
          and
          recommendations concerning certain delinquent and defaulted Mortgage Loans,
          and
          as to the collection of any Prepayment Charges with respect to the Mortgage
          Loans. Such reports and recommendations will be based upon information
          provided
          pursuant to Credit Risk Management Agreement to the Credit Risk Manager
          by the
          Servicer. The Credit Risk Manager shall look solely to the Servicer for
          all
          information and data (including loss and delinquency information and data)
          and
          loan level information and data relating to the servicing of the Mortgage
          Loans
          and the Trustee shall not have any obligation to provide any such information
          to
          the Credit Risk Manager and shall not otherwise have any responsibility
          under
          the Credit Risk Management Agreement.

         

        On
          or
          about the 15th calendar day of each month, the Credit Risk Manager shall
          have
          prepared and shall make available to the Depositor, the Trustee, the Swap
          Provider and each Certificateholder, the following reports (each such report
          to
          be made in a format compatible with EDGAR filing requirements):

         

        (1)  Watchlist
          Report: A listing of individual Mortgage Loans that are of concern to the
          Credit
          Risk Manager. Each Watchlist Report shall contain a listing of Mortgage
          Loans in
          any delinquency status, including current and paid-off loans, and may contain
          the comments of the Credit Risk Manager in its sole discretion. The Watchlist
          Report shall be presented in substantially the same format attached hereto
          as
          Exhibit R-1;

         

        (2)  Loss
          Severity Report: A compilation and summary of all losses, indicating the
          loan
          loss severity for each Mortgage Pool. Each Loss Severity Report shall include
          detail of all losses reported by the Servicer as Realized Losses, except
          those
          for which the Servicer has not provided detail adequate for reporting purposes.
          The Loss Severity Report shall be presented in substantially the same format
          attached hereto as Exhibit R-2;

         

        (3)  Prepayment
          Report: A summary of Prepayment Charges assessed or waived by the Servicer.
          The
          Prepayment Report shall be presented in substantially the same format attached
          hereto as Exhibit R-4; and

         

        (4)  Analytics
          Report: Analytics Reports shall include statistical and/or graphical portrayals
          of (a) the delinquency trend, over time, of the Mortgage Loans; (b) the
          constant
          prepayment rate “CPR” experience of the Mortgage Loans; and (c) the Standard
          Default Assumption experience of the Mortgage Loans. The Analytics Report
          shall
          be presented in substantially the same format attached hereto as Exhibit
          R-5.

         

        The
          Credit Risk Manager shall make such reports and any additional information
          reasonably requested by the Depositor available each month to
          Certificateholders, the Trustee and the Rating Agencies via the Credit
          Risk
          Manager’s internet website. The Credit Risk Manager’s internet website shall
          initially be located at https://reports.clayton.com. The user name for
          access to
          the website shall be the Certificateholder’s e-mail address and the password
          shall be “FFMLT 2006-FF16.” The Trustee shall not have any obligation to review
          such reports or otherwise monitor or supervise the activities of the Credit
          Risk
          Manager.

         

        The
          Credit Risk Manager shall reasonably cooperate with the Depositor and the
          Trustee in connection with the Trust Fund’s satisfying the reporting
          requirements under the 1934 Act with respect to reports prepared by the
          Credit
          Risk Manager.

         

        The
          Credit Risk Manager has not and shall not engage any Subcontractor without
          (a)
          giving notice to the Sponsor, the Servicer and the Depositor and (b) requiring
          any such Subcontractor to provide to the Credit Risk Manager an assessment
          report as provided for in Section 3.21 above and an attestation report
          as
          provided in Section 3.21 above, which reports the Credit Risk Manager shall
          include in its assessment and attestation reports.

         

        By
          March
          15 of each year (or if such day is not a Business Day, the immediately
          preceding
          Business Day), the Credit Risk Manager shall deliver a signed certification,
          in
          the form attached hereto as Exhibit U (the “Credit Risk Manager Certification”),
          for the benefit of the Depositor, the Sponsor and the Servicer and for
          the
          benefit of the Person(s) signing the Form 10-K Certification; provided
          (i) that
          the Credit Risk Manager Certification shall be so provided by March 15
          of such
          year only to the extent that the Depositor delivers a draft (without exhibits)
          of the applicable Annual Report on Form 10-K to the Credit Risk Manager
          by the
          5th Business Day in March of such year and (ii) in the event that the Depositor
          delivers the draft Form 10-K referred to in clause (i) after the 5th Business
          Day in March of such year, the Credit Risk Manager shall deliver the Credit
          Risk
          Manager Certification as soon as practicable but no later than five calendar
          days of delivery to the Credit Risk Manager of such draft Form
          10-K.

         

        In
          the
          event that prior to the filing date of the Form 10-K in March of each year,
          the
          Credit Risk Manager has knowledge or information material to the Credit
          Risk
          Manager Certification, the Credit Risk Manager shall promptly notify the
          Depositor and the Trustee, in writing.

         

        	SECTION
                6.09  	
                Limitation
                  Upon Liability of the Credit Risk
                  Manager.

              

         

        Neither
          the Credit Risk Manager, nor any of its directors, officers, employees,
          or
          agents shall be under any liability to the Trustee, the Certificateholders,
          the
          Trustee, the Servicer or the Depositor for any action taken or for refraining
          from the taking of any action made in good faith pursuant to this Agreement,
          in
          reliance upon information provided by the Servicer under the Credit Risk
          Management Agreement, or for errors in judgment; provided, however, that
          this
          provision shall not protect the Credit Risk Manager or any such person
          against
          liability that would otherwise be imposed by reason of willful malfeasance
          or
          bad faith in its performance of its duties. The Credit Risk Manager and
          any
          director, officer, employee, or agent of the Credit Risk Manager may rely
          in
          good faith on any document of any kind prima
          facie
          properly
          executed and submitted by any Person respecting any matters arising hereunder,
          and may rely in good faith upon the accuracy of information furnished by
          the
          Servicer pursuant to the Credit Risk Management Agreement in the performance
          of
          its duties thereunder and hereunder.

         

        	SECTION
                6.10  	
                Removal
                  of the Credit Risk Manager.

              

         

        The
          Credit Risk Manager may be removed as Credit Risk Manager by Certificateholders
          holding not less than 66 2/3% of the Voting Rights in the Trust Fund, in
          the
          exercise of its or their sole discretion. The Certificateholders shall
          provide
          written notice of the Credit Risk Manager’s removal to the Trustee. Upon receipt
          of such notice, the Trustee shall provide written notice to the Credit
          Risk
          Manager of its removal, which shall be effective upon receipt of such notice
          by
          the Credit Risk Manager.

         

         

         

        
          
             

          

          
             

            
              

            

          

          
             

          

        

         

        ARTICLE
          VII

        DEFAULT

         

        	SECTION
                7.01  	
                Servicer
                  Events of Termination.

              

         

        (a)  If
          any
          one of the following events (“Servicer Events of Termination”) shall occur and
          be continuing:

         

        (i)  (A)
          The
          failure by the Servicer to make any Advance;
          or (B)
          any other failure by the Servicer to deposit in the Collection Account
          or the
          Distribution Account any deposit required to be made under the terms of
          this
          Agreement which continues unremedied for a period of one Business Day after
          the
          date upon which written notice of such failure shall have been given to
          the
          Servicer by the Trustee or to the Servicer and the Trustee by the NIMS
          Insurer
          or any Holders of a Regular Certificate evidencing at least 25% of the
          Voting
          Rights; or

         

        (ii)  The
          failure by the Servicer to make any required Servicing Advance which failure
          continues unremedied for a period of 30 days, or the failure by the Servicer
          duly to observe or perform, in any material respect, any other covenants,
          obligations or agreements of the Servicer as set forth in this Agreement,
          which
          failure continues unremedied for a period of 30 days (or
          if
          such failure or breach cannot be remedied within 30 days, then such remedy
          shall
          have been commenced within 30 days and diligently pursued thereafter; provided,
          however, that in no event shall such failure or breach be allowed to exist
          for a
          period of greater than 90 days), after the date (A) on which written notice
          of
          such failure, requiring the same to be remedied, shall have been given
          to the
          Servicer by the Trustee or to the Trustee by the NIMS Insurer or any Holders
          of
          a Regular Certificate evidencing at least 25% of the Voting Rights or (B)
          of
          actual knowledge of such failure by a Servicing Officer of the Servicer;
          or

         

        (iii)  The
          entry
          against the Servicer of a decree or order by a court or agency or supervisory
          authority having jurisdiction in the premises for the appointment of a
          trustee,
          conservator, receiver or liquidator in any insolvency, conservatorship,
          receivership, readjustment of debt, marshalling of assets and liabilities
          or
          similar proceedings, or for the winding up or liquidation of its affairs,
          and
          the continuance of any such decree or order unstayed and in effect for
          a period
          of 60 days; or

         

        (iv)  The
          Servicer shall voluntarily go into liquidation, consent to the appointment
          of a
          conservator or receiver or liquidator or similar person in any insolvency,
          readjustment of debt, marshalling of assets and liabilities or similar
          proceedings of or relating to the Servicer or of or relating to all or
          substantially all of its property; or a decree or order of a court or agency
          or
          supervisory authority having jurisdiction in the premises for the appointment
          of
          a conservator, receiver, liquidator or similar person in any insolvency,
          readjustment of debt, marshalling of assets and liabilities or similar
          proceedings, or for the winding-up or liquidation of its affairs, shall
          have
          been entered against the Servicer and such decree or order shall have remained
          in force undischarged, unbonded or unstayed for a period of 60 days; or
          the
          Servicer shall admit in writing its inability to pay its debts generally
          as they
          become due, file a petition to take advantage of any applicable insolvency
          or
          reorganization statute, make an assignment for the benefit of its creditors
          or
          voluntarily suspend payment of its obligations.

         

        (b)  then,
          and
          in each and every such case, so long as a Servicer Event of Termination
          shall
          not have been remedied within the applicable grace period, (x) with respect
          solely to clause (i)(A) above, if such Advance is not made by 5:00 P.M.,
          New
          York time, on the Business Day immediately following the Servicer Remittance
          Date (provided the Trustee shall give the Servicer and the Servicer shall
          have
          received notice of such failure to advance by 5:00 P.M. New York time on
          the
          Servicer Remittance Date), the Trustee shall, at the direction of the NIMS
          Insurer, terminate all of the rights and obligations of the Servicer under
          this
          Agreement, to the extent permitted by law, and in and to the Mortgage Loans
          and
          the proceeds thereof and the Trustee, or a successor servicer appointed
          in
          accordance with Section 7.02, shall immediately make such Advance by the
          Distribution Date and assume, pursuant to Section 7.02, the duties of a
          successor Servicer and (y) in the case of (i)(B), (ii), (iii) or (iv) above,
          the
          Trustee shall, at the direction of the NIMS Insurer or the Holders of each
          Class
          of Regular Certificates evidencing Percentage Interests aggregating not
          less
          than 51%, by notice then given in writing to the Servicer (and to the Trustee
          if
          given by the NIMS Insurer or the Holders of Certificates), terminate all
          of the
          rights and obligations of the Servicer as servicer under this Agreement.
          Any
          such notice to the Servicer shall also be given to each Rating Agency,
          the
          Depositor and the Servicer. On or after the receipt by the Servicer (and
          by the
          Trustee if such notice is given by the Holders) of such written notice,
          all
          authority and power of the Servicer under this Agreement, whether with
          respect
          to the Certificates or the Mortgage Loans or otherwise, shall pass to and
          be
          vested in the Trustee pursuant to and under this Section; and, without
          limitation, and the Trustee is hereby authorized and empowered to execute
          and
          deliver, on behalf of the Servicer, as attorney-in-fact or otherwise, any
          and
          all documents and other instruments, and to do or accomplish all other
          acts or
          things necessary or appropriate to effect the purposes of such notice of
          termination, whether to complete the transfer and endorsement of each Mortgage
          Loan and related documents or otherwise. The Servicer agrees to cooperate
          with
          the Trustee (or the applicable successor Servicer) in effecting the termination
          of the responsibilities and rights of the Servicer hereunder, including,
          without
          limitation, the delivery to the Trustee of all documents and records requested
          by it to enable it to assume the Servicer’s functions under this Agreement
          within ten Business Days subsequent to such notice, the transfer within
          one
          Business Day subsequent to such notice to the Trustee (or the applicable
          successor Servicer) for the administration by it of all cash amounts that
          shall
          at the time be held by the Servicer and to be deposited by it in the Collection
          Account, the Distribution Account, any REO Account or any Servicing Account
          or
          that have been deposited by the Servicer in such accounts or thereafter
          received
          by the Servicer with respect to the Mortgage Loans or any REO Property
          received
          by the Servicer. All reasonable costs and expenses (including attorneys’ fees)
          incurred in connection with transferring the Mortgage Files to the successor
          Servicer and amending this Agreement to reflect such succession as Servicer
          pursuant to this Section shall be paid by the predecessor Servicer (or
          if the
          predecessor Servicer is the Trustee, the initial Servicer) upon presentation
          of
          reasonable documentation of such costs and expenses and to the extent not
          paid
          by the Servicer, by the Trust.

         

        Notwithstanding
          the termination of the Servicer hereunder, the Servicer shall be entitled
          to
          reimbursement of all unpaid Servicing Fees and all unreimbursed Advances
          and
          Servicing Advances in the manner and at the times set forth herein.

         

        	SECTION
                7.02  	
                Trustee
                  to Act; Appointment of Successor.

              

         

        (a)  From
          the
          time the Servicer (and the Trustee, if notice is sent by the Holders) receives
          a
          notice of termination pursuant to Section 7.01 or 6.04, the Trustee (or
          such
          other successor Servicer as is approved in accordance with this Agreement)
          shall
          be the successor in all respects to the Servicer in its capacity as servicer
          under this Agreement and the transactions set forth or provided for herein
          and
          shall be subject to all the responsibilities, duties and liabilities relating
          thereto placed on the Servicer by the terms and provisions hereof arising
          on and
          after its succession. Notwithstanding the foregoing, the parties hereto
          agree
          that the Trustee, in its capacity as successor Servicer, immediately will
          assume
          all of the obligations of the Servicer to make advances. Notwithstanding
          the
          foregoing, the Trustee, in its capacity as successor Servicer, shall not
          be
          responsible for the lack of information and/or documents that it cannot
          obtain
          through reasonable efforts. It is understood and agreed by the parties
          hereto
          that there will be a period of transition (not to exceed 90 days) before
          the
          transition of servicing obligations is fully effective. As compensation
          therefor, the Trustee (or such other successor Servicer) shall be entitled
          to
          such compensation as the Servicer would have been entitled to hereunder
          if no
          such notice of termination had been given. Notwithstanding the above, (i)
          if the
          Trustee is unwilling to act as successor Servicer or (ii) if the Trustee
          is
          legally unable so to act, the Trustee shall appoint or petition a court
          of
          competent jurisdiction to appoint, any established housing and home finance
          institution, bank or other mortgage loan or home equity loan servicer having
          a
          net worth of not less than $50,000,000 as the successor to the Servicer
          hereunder in the assumption of all or any part of the responsibilities,
          duties
          or liabilities of the Servicer hereunder; provided, that the appointment
          of any
          such successor Servicer shall be approved by the NIMS Insurer (such approval
          not
          to be unreasonably withheld), as evidenced by the prior written consent
          of the
          NIMS Insurer, and will not result in the qualification, reduction or withdrawal
          of the ratings assigned to the Certificates by the Rating Agencies as evidenced
          by a letter to such effect from the Rating Agencies. Pending appointment
          of a
          successor to the Servicer hereunder, the Trustee shall act in such capacity
          as
          hereinabove provided. In connection with such appointment and assumption,
          the
          successor shall be entitled to receive compensation out of payments on
          Mortgage
          Loans in an amount equal to the compensation which the Servicer would otherwise
          have received pursuant to Section 3.18 (or such other compensation as the
          Trustee and such successor shall agree, not to exceed the Servicing Fee).
          The
          appointment of a successor Servicer shall not affect any liability of the
          predecessor Servicer which may have arisen under this Agreement prior to
          its
          termination as Servicer to pay any deductible under an insurance policy
          pursuant
          to Section 3.14, to reimburse the Trustee pursuant to Section 3.06 or to
          indemnify the Trustee or the NIMS Insurer pursuant to Section 8.05(c)),
          nor
          shall any successor Servicer be liable for any acts or omissions of the
          predecessor Servicer or for any breach by such Servicer of any of its
          representations or warranties contained herein or in any related document
          or
          agreement. The Trustee and such successor shall take such action, consistent
          with this Agreement, as shall be necessary to effectuate any such succession.
          All Servicing Transfer Costs shall be paid by the predecessor Servicer
          upon
          presentation of reasonable documentation of such costs, and if such predecessor
          Servicer defaults in its obligation to pay such costs, such costs shall
          be paid
          by the successor Servicer or the Trustee (in which case the successor Servicer
          or the Trustee, as applicable, shall be entitled to reimbursement therefor
          from
          the assets of the Trust).

         

        (b)  Any
          successor to the Servicer, including the Trustee, shall during the term
          of its
          service as servicer continue to service and administer the Mortgage Loans
          for
          the benefit of Certificateholders, and maintain in force a policy or policies
          of
          insurance covering errors and omissions in the performance of its obligations
          as
          Servicer hereunder and a fidelity bond in respect of its officers, employees
          and
          agents to the same extent as the Servicer is so required pursuant to Section
          3.14.

         

        (c)  In
          connection with the resignation, removal or expiration of the term of the
          Servicer hereunder, or in connection with the resignation or removal of
          any
          successor to the Servicer (or any other successor to the Servicer appointed
          hereunder) acting as successor Servicer hereunder, either (i) the successor
          Servicer, (or any other successor to the Servicer appointed hereunder)
          acting as
          successor Servicer hereunder, shall represent and warrant that it is a
          member of
          MERS in good standing and shall agree to comply in all material respects
          with
          the rules and procedures of MERS in connection with the servicing of the
          Mortgage Loans that are registered with MERS, in which case the predecessor
          Servicer shall cooperate with the successor Servicer in causing MERS to
          revise
          its records to reflect the transfer of servicing to the successor Servicer
          as
          necessary under MERS’ rules and regulations or (ii) the predecessor Servicer
          shall cooperate with the successor Servicer in causing MERS to execute
          and
          deliver an assignment of Mortgage in recordable form to transfer the Mortgage
          from MERS to the Trustee and to execute and deliver such other notices,
          documents and other instruments as may be necessary or desirable to effect
          a
          transfer of such Mortgage Loan or servicing of such Mortgage Loan on the
          MERS®
System to the successor Servicer. The predecessor Servicer shall file or
          cause
          to be filed any such assignment in the appropriate recording office. The
          predecessor Servicer shall bear any and all fees of MERS, costs of preparing
          any
          assignments of Mortgage, and fees and costs of filing any assignments of
          Mortgage that may be required under this paragraph. 

         

        	SECTION
                7.03  	
                Waiver
                  of Defaults.

              

         

        The
          Majority Certificateholders may, on behalf of all Certificateholders and
          with
          the consent of the NIMS Insurer, waive any events permitting removal of
          the
          Servicer as servicer pursuant to this Article VII, provided, however, that
          the
          Majority Certificateholders may not waive a default in making a required
          distribution on a Certificate without the consent of the Holder of such
          Certificate and the consent of the NIMS Insurer. Upon any waiver of a past
          default, such default shall cease to exist and any Servicer Event of Termination
          arising therefrom shall be deemed to have been remedied for every purpose
          of
          this Agreement. No such waiver shall extend to any subsequent or other
          default
          or impair any right consequent thereto except to the extent expressly so
          waived.
          Notice of any such waiver shall be given by the Trustee to the Rating Agencies
          and the NIMS Insurer.

         

        	SECTIO
                N 7.04  	
                Notification
                  to Certificateholders.

              

         

        (a)  Upon
          any
          termination or appointment of a successor to the Servicer pursuant to this
          Article VII or Section 6.04, the Trustee shall give prompt written notice
          thereof to the Certificateholders at their respective addresses appearing
          in the
          Certificate Register, the NIMS Insurer and each Rating Agency.

         

        (b)  No
          later
          than 60 days after the occurrence of any event which constitutes or which,
          with
          notice or a lapse of time or both, would constitute a Servicer Event of
          Termination or within five Business Days after a Responsible Officer of
          the
          Trustee becomes aware of the occurrence of such an event, the Trustee shall
          transmit by mail to all Certificateholders and to the NIMS Insurer notice
          of
          such occurrence unless such default or Servicer Event of Termination shall
          have
          been waived or cured.

         

        	SECTION
                7.05  	
                Survivability
                  of Servicer Liabilities.

              

         

        Notwithstanding
          anything herein to the contrary, upon termination of the Servicer hereunder,
          any
          liabilities of the Servicer which accrued prior to such termination shall
          survive such termination.

         

         

         

        
          
             

          

          
             

            
              

            

          

          
             

          

        

         

        ARTICLE
          VIII

        THE
          TRUSTEE

         

        	SECTION
                8.01  	
                Duties
                  of Trustee.

              

         

        The
          Trustee, prior to the occurrence of a Servicer Event of Termination and
          after
          the curing of all Servicer Events of Termination which may have occurred,
          undertakes to perform such duties and only such duties as are specifically
          set
          forth in this Agreement. If a Servicer Event of Termination has occurred
          (which
          has not been cured) of which a Responsible Officer has knowledge, the Trustee
          shall exercise such of the rights and powers vested in it by this Agreement,
          and
          use the same degree of care and skill in their exercise, as a prudent man
          would
          exercise or use under the circumstances in the conduct of his own
          affairs.

         

        The
          Trustee, upon receipt of all resolutions, certificates, statements, opinions,
          reports, documents, orders or other instruments furnished to the Trustee
          which
          are specifically required to be furnished pursuant to any provision of
          this
          Agreement, shall examine them to determine whether they conform to the
          requirements of this Agreement; provided, however, that the Trustee will
          not be
          responsible for the accuracy or content of any such resolutions, certificates,
          statements, opinions, reports, documents or other instruments. If any such
          instrument is found not to conform to the requirements of this Agreement
          in a
          material manner the Trustee shall take such action as it deems appropriate
          to
          have the instrument corrected, and if the instrument is not corrected to
          the
          Trustee’s satisfaction, the Trustee will provide notice thereof to the
          Certificateholders and the NIMS Insurer.

         

        No
          provision of this Agreement shall be construed to relieve the Trustee from
          liability for its own negligent action, its own negligent failure to act
          or its
          own misconduct; provided, however, that:

         

        (i)  prior
          to
          the occurrence of a Servicer Event of Termination, and after the curing
          of all
          such Servicer Events of Termination which may have occurred, the duties
          and
          obligations of the Trustee shall be determined solely by the express provisions
          of this Agreement, the Trustee shall not be liable except for the performance
          of
          such duties and obligations as are specifically set forth in this Agreement,
          no
          implied covenants or obligations shall be read into this Agreement against
          the
          Trustee and, in the absence of bad faith on the part of the Trustee, the
          Trustee
          may conclusively rely, as to the truth of the statements and the correctness
          of
          the opinions expressed therein, upon any certificates or opinions furnished
          to
          the Trustee and conforming to the requirements of this Agreement;

         

        (ii)  the
          Trustee shall not be personally liable for an error of judgment made in
          good
          faith by a Responsible Officer of the Trustee, unless it shall be proved
          that
          the Trustee was negligent in ascertaining the pertinent facts;

         

        (iii)  the
          Trustee shall not be personally liable with respect to any action taken,
          suffered or omitted to be taken by it in good faith in accordance with
          the
          direction of the NIMS Insurer or the Majority Certificateholders relating
          to the
          time, method and place of conducting any proceeding for any remedy available
          to
          the Trustee, or exercising or omitting to exercise any trust or power conferred
          upon the Trustee, under this Agreement; and

         

        (iv)  the
          Trustee shall not be charged with knowledge of any failure by the Servicer
          to
          comply with the obligations of the Servicer referred to in clauses (i)
          and (ii)
          of Section 7.01(a) or of the existence of any Servicer Event of Termination
          unless a Responsible Officer of the Trustee at the Corporate Trust Office
          obtains actual knowledge of such failure or the Trustee receives written
          notice
          of such failure from the Depositor, the Servicer, the NIMS Insurer or the
          Majority Certificateholders.

         

        The
          Trustee shall not be required to expend or risk its own funds or otherwise
          incur
          financial liability in the performance of any of its duties hereunder,
          or in the
          exercise of any of its rights or powers, if there is reasonable ground
          for
          believing that the repayment of such funds or adequate indemnity against
          such
          risk or liability is not reasonably assured to it, and none of the provisions
          contained in this Agreement shall in any event require the Trustee to perform,
          or be responsible for the manner of performance of, any of the obligations
          of
          the Servicer under this Agreement, except during such time, if any, as
          the
          Trustee shall be the successor to, and be vested with the rights, duties,
          powers
          and privileges of, the Servicer in accordance with the terms of this
          Agreement.

         

        	SECTION
                8.02  	
                Certain
                  Matters Affecting the Trustee.

              

         

        (a)  Except
          as
          otherwise provided in Section 8.01:

         

        (i)  the
          Trustee may request and rely upon, and shall be protected in acting or
          refraining from acting upon, any resolution, Officers’ Certificate, certificate
          of auditors or any other certificate, statement, instrument, opinion, report,
          notice, request, consent, order, appraisal, bond or other paper or document
          reasonably believed by it to be genuine and to have been signed or presented
          by
          the proper party or parties, and the manner of obtaining consents and of
          evidencing the authorization of the execution thereof by Certificateholders
          shall be subject to such reasonable regulations as the Trustee may
          prescribe;

         

        (ii)  the
          Trustee may consult with counsel and any Opinion of Counsel shall be full
          and
          complete authorization and protection in respect of any action taken or
          suffered
          or omitted by it hereunder in good faith and in accordance with such Opinion
          of
          Counsel;

         

        (iii)  the
          Trustee shall be under no obligation to exercise any of the rights or powers
          vested in it by this Agreement, or to institute, conduct or defend any
          litigation hereunder or in relation hereto, at the request, order or direction
          of any of the Certificateholders or the NIMS Insurer, pursuant to the provisions
          of this Agreement, unless such Certificateholders or the NIMS Insurer,
          as
          applicable shall have offered to the Trustee reasonable security or indemnity
          against the costs, expenses and liabilities which may be incurred therein
          or
          thereby; the right of the Trustee to perform any discretionary act enumerated
          in
          this Agreement shall not be construed as a duty, and the Trustee shall
          not be
          answerable for other than its negligence or willful misconduct in the
          performance of any such act;

         

        (iv)  the
          Trustee shall not be personally liable for any action taken, suffered or
          omitted
          by it in good faith and believed by it to be authorized or within the discretion
          or rights or powers conferred upon it by this Agreement;

         

        (v)  prior
          to
          the occurrence of a Servicer Event of Termination and after the curing
          of all
          Servicer Events of Termination which may have occurred, the Trustee shall
          not be
          bound to make any investigation into the facts or matters stated in any
          resolution, certificate, statement, instrument, opinion, report, notice,
          request, consent, order, approval, bond or other paper or documents, unless
          requested in writing to do so by the NIMS Insurer or the Majority
          Certificateholder; provided, however, that if the payment within a reasonable
          time to the Trustee of the costs, expenses or liabilities likely to be
          incurred
          by it in the making of such investigation is, in the opinion of the Trustee,
          not
          reasonably assured to the Trustee by the security afforded to it by the
          terms of
          this Agreement, the Trustee may require reasonable indemnity against such
          cost,
          expense or liability as a condition to such proceeding. The reasonable
          expense
          of every such examination shall be paid by the Servicer or the NIMS Insurer
          (if
          requested by the NIMS Insurer) or, if paid by the Trustee, shall be reimbursed
          by the Servicer or the NIMS Insurer (if requested by the NIMS Insurer)
          upon
          demand and, if not reimbursed by the Servicer or the NIMS Insurer (if requested
          by the NIMS Insurer), shall be reimbursed by the Trust. Nothing in this
          clause
          (v) shall derogate from the obligation of the Servicer to observe any applicable
          law prohibiting disclosure of information regarding the Mortgagors;

         

        (vi)  the
          Trustee shall not be accountable, shall have no liability and makes no
          representation as to any acts or omissions hereunder of the Servicer until
          such
          time as the Trustee may be required to act as Servicer pursuant to Section
          7.02
          and thereupon only for the acts or omissions of the Trustee as successor
          Servicer;

         

        (vii)  the
          Trustee may execute any of the trusts or powers hereunder or perform any
          duties
          hereunder either directly or by or through agents or attorneys, custodians
          or
          nominees;

         

        (viii)  the
          right
          of the Trustee to perform any discretionary act enumerated in this Agreement
          shall not be construed as a duty, and the Trustee shall not be answerable
          for
          other than its negligence or willful misconduct in the performance of such
          act;

         

        (ix)  the
          Trustee shall not be personally liable for any loss resulting from the
          investment of funds held in the Collection Account or the REO Account made
          at
          the direction of the Servicer pursuant to Section 3.12; and

         

        (x)  the
          Trustee or its Affiliates are permitted to receive compensation that could
          be
          deemed to be in the Trustee’s economic self-interest for (i) serving as
          investment adviser, administrator, shareholder, servicing agent, custodian
          or
          sub-custodian with respect to certain of the Permitted Investments, (ii)
          using
          Affiliates to effect transactions in certain Permitted Investments and
          (iii)
          effecting transactions in certain Permitted Investments. Such compensation
          shall
          not be considered an amount that is reimbursable or payable pursuant to
          Section
          3.11.

         

        In
          order
          to comply with laws, rules, regulations and executive orders in effect
          from time
          to time applicable to banking institutions, including those relating to
          the
          funding of terrorist activities and money laundering (“Applicable Law”), the
          Trustee is required to obtain, verify and record certain information relating
          to
          individuals and entities which maintain a business relationship with the
          Trustee. Accordingly, each of the parties agrees to provide to the Trustee
          upon
          its request from time to time such identifying information and documentation
          as
          may be available for such party in order to enable the Trustee to comply
          with
          Applicable Law.

         

        	SECTION
                8.03  	
                Trustee
                  Not Liable for Certificates or Mortgage
                  Loans.

              

         

        The
          recitals contained herein and in the Certificates (other than the authentication
          of the Trustee on the Certificates) shall be taken as the statements of
          the
          Depositor, and the Trustee assumes no responsibility for the correctness
          of the
          same. The Trustee makes no representations as to the validity or sufficiency
          of
          this Agreement or of the Certificates (other than the signature and
          authentication of the Trustee on the Certificates) or of any Mortgage Loan
          or
          related document or MERS or the MERS System other than with respect to
          the
          Trustee’s execution and authentication of the Certificates. The Trustee shall
          not be accountable for the use or application by the Servicer, or for the
          use or
          application of any funds paid to the Servicer in respect of the Mortgage
          Loans
          or deposited in or withdrawn from the Collection Account by the Servicer.
          The
          Trustee shall at no time have any responsibility or liability for or with
          respect to the legality, validity and enforceability of any Mortgage or
          any
          Mortgage Loan, or the perfection and priority of any Mortgage or the maintenance
          of any such perfection and priority, or for or with respect to the sufficiency
          of the Trust or its ability to generate the payments to be distributed
          to
          Certificateholders under this Agreement, including, without limitation:
          the
          existence, condition and ownership of any Mortgaged Property; the existence
          and
          enforceability of any hazard insurance thereon (other than if the Trustee
          shall
          assume the duties of the Servicer pursuant to Section 7.02); the validity
          of the
          assignment of any Mortgage Loan to the Trustee or of any intervening assignment;
          the completeness of any Mortgage Loan; the performance or enforcement of
          any
          Mortgage Loan (other than if the Trustee shall assume the duties of the
          Servicer
          pursuant to Section 7.02); the compliance by the Depositor, the Seller
          or the
          Servicer with any warranty or representation made under this Agreement
          or in any
          related document or the accuracy of any such warranty or representation
          prior to
          the Trustee’s receipt of notice or other discovery of any non-compliance
          therewith or any breach thereof; any investment of monies by or at the
          direction
          of the Servicer or any loss resulting therefrom, it being understood that
          the
          Trustee shall remain responsible for any Trust property that it may hold
          in its
          individual capacity; the acts or omissions of any of the Servicer (other
          than if
          the Trustee shall assume the duties of the Servicer pursuant to Section
          7.02),
          any Sub-Servicer or any Mortgagor; any action of the Servicer (other than
          if the
          Trustee shall assume the duties of the Servicer pursuant to Section 7.02),
          or
          any Sub- Servicer taken in the name of the Trustee; the failure of the
          Servicer
          or any Sub-Servicer to act or perform any duties required of it as agent
          of the
          Trustee hereunder; or any action by the Trustee taken at the instruction
          of the
          Servicer (other than if the Trustee shall assume the duties of the Servicer
          pursuant to Section 7.02); provided, however, that the foregoing shall
          not
          relieve the Trustee of its obligation to perform its duties under this
          Agreement, including, without limitation, the Trustee’s duty to review the
          Mortgage Files pursuant to Section 2.01. The Trustee shall have no
          responsibility for filing any financing or continuation statement in any
          public
          office at any time or to otherwise perfect or maintain the perfection of
          any
          security interest or lien granted to it hereunder (unless the Trustee shall
          have
          become the successor Servicer).

         

        	SECTION
                8.04  	
                Trustee
                  May Own Certificates.

              

         

        The
          Trustee in its individual or any other capacity may become the owner or
          pledgee
          of Certificates with the same rights as it would have if it were not Trustee
          and
          may transact any banking and trust business with the Seller, the Servicer,
          the
          Depositor or their Affiliates.

         

        	SECTION
                8.05  	
                Trustee
                  Compensation, Custodial Fee and Expenses.

              

         

        (a)  On
          each
          Distribution Date, prior to making any distributions to Certificateholders,
          the
          Trustee shall withdraw from the Distribution Account and pay to itself
          the
          Trustee Compensation payable on such Distribution Date consisting of all
          income
          earned on amounts on deposit in the Distribution Account. The Trustee shall
          be
          provided a copy of the separate fee schedule between the Depositor and
          the
          Custodian.

         

        (b)  The
          Trustee, or any director, officer, employee or agent of the Trustee, shall
          be
          indemnified by the Trust Fund and held harmless against any loss, liability
          or
          expense (not including expenses and disbursements incurred or made by the
          Trustee, including the compensation and the expenses and disbursements
          of its
          agents and counsel, in the ordinary course of the Trustee’s performance in
          accordance with the provisions of this Agreement) incurred by the Trustee
          arising out of or in connection with the acceptance or administration of
          its
          obligations and duties under this Agreement, other than any loss, liability
          or
          expense (i) resulting from a breach of the Servicer’s obligations and duties
          under this Agreement for which the Trustee is indemnified under Section
          8.05(b)
          or (ii) any loss, liability or expense incurred by reason of willful
          misfeasance, bad faith or negligence of the Trustee in
          the
          performance of its duties hereunder or by reason of the Trustee’s reckless
          disregard of obligations and duties hereunder
          or as a
          result of a breach of the Trustee’s obligations under Article X hereof. It is
          understood by the parties hereto that a “claim” as used in the preceding
          sentence includes any claim for indemnification made by the Custodian under
          Section 22 of the Custodial Agreement; provided, however, that the Trustee
          shall
          not lose any right it may have to indemnification under this Section 8.05
          due to
          the willful misfeasance, bad faith or negligence of the Custodian in the
          performance of its duties under the Custodial Agreement or by reason of
          the
          Custodian’s reckless disregard of its obligations and duties under the Custodial
          Agreement. Any amounts payable to the Trustee, or any director, officer,
          employee or agent of the Trustee, in respect of the indemnification provided
          by
          this Section 8.05(a), or pursuant to any other right of reimbursement from
          the
          Trust Fund that the Trustee, or any director, officer, employee or agent
          of the
          Trustee, may have hereunder in its capacity as such, may be withdrawn by
          the
          Trustee from the Distribution Account at any time. The foregoing indemnity
          shall
          survive the resignation or removal of the Trustee.

         

        (c)  The
          Servicer agrees to indemnify the Trustee, the NIMS Insurer, the Custodian
          or any
          director, officer, employee or agent of the Trustee, the NIMS Insurer or
          Custodian from, and hold it harmless against, any loss, liability or expense
          resulting from a breach of the Servicer’s obligations and duties under this
          Agreement. Such indemnity shall survive the termination or discharge of
          this
          Agreement and the resignation or removal of the Trustee and the Servicer
          for
          actions prior to such resignation or removal. Any payment hereunder made
          by the
          Servicer to the Trustee shall be from the Servicer’s own funds, without
          reimbursement from the Trust Fund therefor.

         

        	SECTION
                8.06  	
                Eligibility
                  Requirements for Trustee.

              

         

        The
          Trustee hereunder shall at all times be an entity duly organized and validly
          existing under the laws of the United States of America or any state thereof,
          authorized under such laws to exercise corporate trust powers, having a
          combined
          capital and surplus of at least $50,000,000 and subject to supervision
          or
          examination by federal or state authority. If such entity publishes reports
          of
          condition at least annually, pursuant to law or to the requirements of
          the
          aforesaid supervising or examining authority, then for the purposes of
          this
          Section 8.06, the combined capital and surplus of such entity shall be
          deemed to
          be its combined capital and surplus as set forth in its most recent report
          of
          condition so published. The principal office of the Trustee (other than
          the
          initial Trustee) shall be in a state with respect to which an Opinion of
          Counsel
          has been delivered to such Trustee and the NIMS Insurer at the time such
          Trustee
          is appointed Trustee to the effect that the Trust will not be a taxable
          entity
          under the laws of such state. In case at any time the Trustee shall cease
          to be
          eligible in accordance with the provisions of this Section 8.06, the Trustee
          shall resign immediately in the manner and with the effect specified in
          Section
          8.07.

         

        	SECTION
                8.07  	
                Resignation
                  or Removal of Trustee.

              

         

        The
          Trustee may at any time resign and be discharged from the trusts hereby
          created
          by giving written notice thereof to the NIMS Insurer, the Depositor, the
          Servicer and each Rating Agency. Upon receiving such notice of resignation,
          the
          Depositor shall promptly appoint a successor Trustee acceptable to the
          NIMS
          Insurer by written instrument, in duplicate, one copy of which instrument
          shall
          be delivered to the resigning Trustee and one copy to the successor Trustee.
          If
          no successor Trustee shall have been so appointed and having accepted
          appointment within 30 days after the giving of such notice of resignation,
          the
          resigning Trustee may petition any court of competent jurisdiction for
          the
          appointment of a successor Trustee.

         

        If
          at any
          time the Trustee shall cease to be eligible in accordance with the provisions
          of
          Section 8.06 and shall fail to resign after written request therefor by
          the
          Depositor or the NIMS Insurer if at any time the Trustee shall be legally
          unable
          to act, or shall be adjudged a bankrupt or insolvent, or a receiver of
          the
          Trustee or of its property shall be appointed, or any public officer shall
          take
          charge or control of the Trustee or of its property or affairs for the
          purpose
          of rehabilitation, conservation or liquidation, then the Depositor, the
          Servicer
          or the NIMS Insurer may remove the Trustee. If the Depositor, the Servicer
          or
          the NIMS Insurer removes the Trustee under the authority of the immediately
          preceding sentence, the Depositor, with the consent of the NIMS Insurer,
          shall
          promptly appoint a successor Trustee by written instrument, in duplicate,
          one
          copy of which instrument shall be delivered to the Trustee so removed and
          one
          copy to the successor trustee.

         

        The
          Majority Certificateholders (or the NIMS Insurer upon the failure of the
          Trustee
          to perform its obligations hereunder) may at any time remove the Trustee
          by
          written instrument or instruments delivered to the Servicer, the Depositor
          and
          the Trustee; the Depositor shall thereupon use its best efforts to appoint
          a
          successor trustee acceptable to the NIMS Insurer in accordance with this
          Section.

         

        Any
          resignation or removal of the Trustee and appointment of a successor Trustee
          pursuant to any of the provisions of this Section 8.07 shall not become
          effective until acceptance of appointment by the successor Trustee as provided
          in Section 8.08.

         

        	SECTION
                8.08  	
                Successor
                  Trustee.

              

         

        Any
          successor Trustee appointed as provided in Section 8.07 shall execute,
          acknowledge and deliver to the NIMS Insurer, the Depositor, the Servicer
          and to
          its predecessor Trustee an instrument accepting such appointment hereunder,
          and
          thereupon the resignation or removal of the predecessor Trustee shall become
          effective, and such successor Trustee, without any further act, deed or
          conveyance, shall become fully vested with all the rights, powers, duties
          and
          obligations of its predecessor hereunder, with like effect as if originally
          named as Trustee. The Depositor, the Servicer and the predecessor Trustee
          shall
          execute and deliver such instruments and do such other things as may reasonably
          be required for fully and certainly vesting and confirming in the successor
          Trustee all such rights, powers, duties and obligations.

         

        No
          successor Trustee shall accept appointment as provided in this Section
          8.08
          unless at the time of such acceptance such successor Trustee shall be eligible
          under the provisions of Section 8.06 and the appointment of such successor
          Trustee shall not result in a downgrading of the Regular Certificates by
          any
          Rating Agency, as evidenced by a letter from each Rating Agency.

         

        Upon
          acceptance of appointment by a successor Trustee as provided in this Section
          8.08, the successor Trustee shall mail notice of the appointment of a successor
          Trustee hereunder to all Holders of Certificates at their addresses as
          shown in
          the Certificate Register and to each Rating Agency.

         

        Any
          Person appointed as successor trustee pursuant to this Agreement shall
          also be
          required to serve as successor successor supplemental interest trust trustee
          under the Swap Agreement.

         

        	SECTION
                8.09  	
                Merger
                  or Consolidation of Trustee.

              

         

        Any
          entity into which the Trustee may be merged or converted or with which
          it may be
          consolidated, or any entity resulting from any merger, conversion or
          consolidation to which the Trustee shall be a party, or any entity succeeding
          to
          the business of the Trustee, shall be the successor of the Trustee hereunder,
          provided such entity shall be eligible under the provisions of Section
          8.06 and
          8.08, without the execution or filing of any paper or any further act on
          the
          part of any of the parties hereto, anything herein to the contrary
          notwithstanding.

         

        	SECTION
                8.10  	
                Appointment
                  of Co-Trustee or Separate Trustee.

              

         

        Notwithstanding
          any other provisions of this Agreement, at any time, for the purpose of
          meeting
          any legal requirements of any jurisdiction in which any part of the Trust
          or any
          Mortgaged Property may at the time be located, the Depositor and the Trustee
          acting jointly shall have the power and shall execute and deliver all
          instruments to appoint one or more Persons approved by the Trustee and
          the NIMS
          Insurer to act as co-trustee or co-trustees, jointly with the Trustee,
          or
          separate trustee or separate trustees, of all or any part of the Trust,
          and to
          vest in such Person or Persons, in such capacity and for the benefit of
          the
          Certificateholders, such title to the Trust, or any part thereof, and,
          subject
          to the other provisions of this Section 8.10, such powers, duties, obligations,
          rights and trusts as the Servicer and the Trustee may consider necessary
          or
          desirable. Any such co-trustee or separate trustee shall be subject to
          the
          written approval of the Servicer and the NIMS Insurer. If the Servicer
          and the
          NIMS Insurer shall not have joined in such appointment within 15 days after
          the
          receipt by it of a request so to do, or in the case a Servicer Event of
          Termination shall have occurred and be continuing, the Trustee alone shall
          have
          the power to make such appointment. No co-trustee or separate trustee hereunder
          shall be required to meet the terms of eligibility as a successor trustee
          under
          Section 8.06, and no notice to Certificateholders of the appointment of
          any
          co-trustee or separate trustee shall be required under Section 8.08. The
          Servicer shall be responsible for the fees of any co-trustee or separate
          trustee
          appointed hereunder.

         

        Every
          separate trustee and co-trustee shall, to the extent permitted by law,
          be
          appointed and act subject to the following provisions and
          conditions:

         

        (i)  all
          rights, powers, duties and obligations conferred or imposed upon the Trustee
          shall be conferred or imposed upon and exercised or performed by the Trustee
          and
          such separate trustee or co-trustee jointly (it being understood that such
          separate trustee or co-trustee is not authorized to act separately without
          the
          Trustee joining in such act), except to the extent that under any law of
          any
          jurisdiction in which any particular act or acts are to be performed (whether
          as
          Trustee hereunder or as successor to the Servicer hereunder), the Trustee
          shall
          be incompetent or unqualified to perform such act or acts, in which event
          such
          rights, powers, duties and obligations (including the holding of title
          to the
          Trust or any portion thereof in any such jurisdiction) shall be exercised
          and
          performed singly by such separate trustee or co-trustee, but solely at
          the
          direction of the Trustee;

         

        (ii)  no
          trustee hereunder shall be held personally liable by reason of any act
          or
          omission of any other trustee hereunder; and

         

        (iii)  the
          Servicer and the Trustee, acting jointly and with the consent of the NIMS
          Insurer, may at any time accept the resignation of or remove any separate
          trustee or co-trustee except that following the occurrence of a Servicer
          Event
          of Termination, the Trustee acting alone may accept the resignation or
          remove
          any separate trustee or co-trustee.

         

        Any
          notice, request or other writing given to the Trustee shall be deemed to
          have
          been given to each of the then separate trustees and co-trustees, as effectively
          as if given to each of them. Every instrument appointing any separate trustee
          or
          co-trustee shall refer to this Agreement and the conditions of this Article
          VIII. Each separate trustee and co-trustee, upon its acceptance of the
          trusts
          conferred, shall be vested with the estates or property specified in its
          instrument of appointment, either jointly with the Trustee or separately,
          as may
          be provided therein, subject to all the provisions of this Agreement,
          specifically including every provision of this Agreement relating to the
          conduct
          of, affecting the liability of, or affording protection to, the Trustee.
          Every
          such instrument shall be filed with the Trustee and a copy thereof given
          to the
          Depositor, the Servicer and the NIMS Insurer.

         

        Any
          separate trustee or co-trustee may, at any time, constitute the Trustee,
          its
          agent or attorney-in-fact, with full power and authority, to the extent
          not
          prohibited by law, to do any lawful act under or in respect of this Agreement
          on
          its behalf and in its name. If any separate trustee or co-trustee shall
          die,
          become incapable of acting, resign or be removed, all of its estates,
          properties, rights, remedies and trusts shall vest in and be exercised
          by the
          Trustee, to the extent permitted by law, without the appointment of a new
          or
          successor Trustee.

         

        	SECTION
                8.11  	
                Limitation
                  of Liability.

              

         

        The
          Certificates are executed by the Trustee, not in its individual capacity
          but
          solely as Trustee of the Trust, in the exercise of the powers and authority
          conferred and vested in it by this Agreement. Each of the undertakings
          and
          agreements made on the part of the Trustee in the Certificates is made
          and
          intended not as a personal undertaking or agreement by the Trustee but
          is made
          and intended for the purpose of binding only the Trust.

         

        	SECTION
                8.12  	
                Trustee
                  May Enforce Claims Without Possession of
                  Certificates.

              

         

        (a)  All
          rights of action and claims under this Agreement or the Certificates may
          be
          prosecuted and enforced by the Trustee without the possession of any of
          the
          Certificates or the production thereof in any proceeding relating thereto,
          and
          such proceeding instituted by the Trustee shall be brought in its own name
          or in
          its capacity as Trustee for the benefit of all Holders of such Certificates,
          subject to the provisions of this Agreement. Any recovery of judgment shall,
          after provision for the payment of the reasonable compensation, expenses,
          disbursement and advances of the Trustee, its agents and counsel, be for
          the
          ratable benefit of the Certificateholders in respect of which such judgment
          has
          been recovered.

         

        (b)  The
          Trustee shall afford the Seller, the Depositor, the Servicer, the NIMS
          Insurer
          and each Certificateholder upon reasonable prior notice during normal business
          hours, access to all records maintained by the Trustee in respect of its
          duties
          hereunder and access to officers of the Trustee responsible for performing
          such
          duties. Upon request, the Trustee shall furnish the Depositor, the Servicer,
          the
          NIMS Insurer and any requesting Certificateholder with its most recent
          financial
          statements. The Trustee shall cooperate fully with the Seller, the Servicer,
          the
          NIM Insurer, the Depositor and such Certificateholder and shall make available
          to the Seller, the Servicer, the Depositor, the NIMS Insurer and such
          Certificateholder for review and copying such books, documents or records
          as may
          be requested with respect to the Trustee’s duties hereunder. The Seller, the
          Depositor, the Servicer and the Certificateholders shall not have any
          responsibility or liability for any action or failure to act by the Trustee
          and
          are not obligated to supervise the performance of the Trustee under this
          Agreement or otherwise.

         

        	SECTION
                8.13  	
                Suits
                  for Enforcement.

              

         

        In
          case a
          Servicer Event of Termination or other default by the Servicer or the Depositor
          hereunder shall occur and be continuing, the Trustee, shall, at the direction
          of
          the Majority Certificateholders or the NIMS Insurer, or may, proceed to
          protect
          and enforce its rights and the rights of the Certificateholders or the
          NIMS
          Insurer under this Agreement by a suit, action or proceeding in equity
          or at law
          or otherwise, whether for the specific performance of any covenant or agreement
          contained in this Agreement or in aid of the execution of any power granted
          in
          this Agreement or for the enforcement of any other legal, equitable or
          other
          remedy, as the Trustee, being advised by counsel, and subject to the foregoing,
          shall deem most effectual to protect and enforce any of the rights of the
          Trustee, the NIMS Insurer and the Certificateholders.

         

        	SECTION
                8.14  	
                Waiver
                  of Bond Requirement.

              

         

        The
          Trustee shall be relieved of, and each Certificateholder hereby waives,
          any
          requirement of any jurisdiction in which the Trust, or any part thereof,
          may be
          located that the Trustee post a bond or other surety with any court, agency
          or
          body whatsoever.

         

        	SECTION
                8.15  	
                Waiver
                  of Inventory, Accounting and Appraisal
                  Requirement.

              

         

        The
          Trustee shall be relieved of, and each Certificateholder hereby waives,
          any
          requirement of any jurisdiction in which the Trust, or any part thereof,
          may be
          located that the Trustee file any inventory, accounting or appraisal of
          the
          Trust with any court, agency or body at any time or in any manner
          whatsoever.

         

        	SECTION
                8.16  	
                Appointment
                  of the Custodian.

              

         

        The
          Trustee shall, at the direction of the Depositor and with the consent of
          the
          Servicer, appoint the Custodian to hold all or a portion of the Mortgage
          Files.
          The appointment of the Custodian may at any time be terminated and a substitute
          Custodian appointed therefor at the direction of the Depositor to the Trustee,
          the consent to which shall not be unreasonably withheld. The Custodian
          shall be
          entitled to its fees and expenses in accordance with the Custodial Agreement,
          which fees and expenses shall be paid to the Custodian from the Trust in
          accordance with Section 8.05. Subject to Article VIII hereof, the Trustee
          agrees
          to comply with the terms of the Custodial Agreement, which agreement may
          be
          amended from time to time, and shall have the right to enforce the terms
          and
          provisions thereof against the Custodian for the benefit of the
          Certificateholders having an interest in any Mortgage File held by the
          Custodian. Notwithstanding anything to the contrary in this Agreement,
          the
          Custodian is not an agent of the Trustee and in no event shall the Trustee
          be
          liable for any acts, omission, duties, obligations, or liabilities of the
          Custodian. In no event shall the appointment of the Custodian pursuant
          to the
          Custodial Agreement diminish the obligations of the Trustee
          hereunder.

         

         

         

        
          
             

          

          
             

            
              

            

          

          
             

          

        

         

        ARTICLE
          IX

        REMIC
          ADMINISTRATION

         

        	SECTION
                9.01  	
                REMIC
                  Administration.

              

         

        (a)  REMIC
          elections as set forth in the Preliminary Statement shall be made by the
          Trustee
          on Form 1066 or other appropriate federal tax or information return for
          the
          taxable year ending on the last day of the calendar year in which the
          Certificates are issued. The regular interests and residual interest in
          each
          REMIC shall be as designated in the Preliminary Statement. 

         

        (b)  The
          Closing Date is hereby designated as the “Startup Day” of each REMIC within the
          meaning of section 860G(a)(9) of the Code.

         

        (c)  The
          Trustee shall pay any and all expenses relating to any tax audit of any
          REMIC
          (including, but not limited to, any professional fees or any administrative
          or
          judicial proceedings with respect to any Trust REMIC that involve the Internal
          Revenue Service or state tax authorities), including the expense of obtaining
          any tax related Opinion of Counsel. The Trustee shall be entitled to
          reimbursement of expenses incurred pursuant to this Section 9.01(c) to
          the
          extent provided in Section 8.05.

         

        (d)  The
          Trustee shall prepare, sign and file, all of the REMICs’ federal and state tax
          and information returns (including Form 8811) as the direct representative
          each
          REMIC created hereunder. The expenses of preparing and filing such returns
          shall
          be borne by the Trustee.

         

        (e)  The
          Holder of the Class R Certificate at any time holding the largest Percentage
          Interest thereof shall be the “tax matters person” as defined in the REMIC
          Provisions (the related “Tax Matters Person”) with respect to REMIC 1, REMIC 2
          and REMIC 3 and shall act as Tax Matters Person for each such REMIC. The
          Holder
          of the Class R-X Certificate at any time holding the largest Percentage
          Interest
          thereof shall be the Tax Matters Person with respect to REMIC 4, REMIC
          5 and
          REMIC 6 and shall act as Tax Matters Person for each such REMIC. The Trustee,
          as
          agent for the Tax Matters Person, shall perform on behalf of each REMIC
          all
          reporting and other tax compliance duties that are the responsibility of
          such
          REMIC under the Code, the REMIC Provisions, or other compliance guidance
          issued
          by the Internal Revenue Service or any state or local taxing authority.
          Among
          its other duties, if required by the Code, the REMIC Provisions, or other
          such
          guidance, the Trustee, as agent for the Tax Matters Person, shall provide
          (i) to
          the Treasury or other governmental authority such information as is necessary
          for the application of any tax relating to the transfer of a Residual
          Certificate to any disqualified person or organization and (ii) to the
          Certificateholders such information or reports as are required by the Code
          or
          REMIC Provisions. The Trustee, as agent for the Tax Matters Person, shall
          represent each REMIC in any administrative or judicial proceedings relating
          to
          an examination or audit by any governmental taxing authority, request an
          administrative adjustment as to any taxable year of any REMIC, enter into
          settlement agreements with any government taxing agency, extend any statute
          of
          limitations relating to any item of any REMIC and otherwise act on behalf
          of any
          REMIC in relation to any tax matter involving the Trust.

         

        (f)  The
          Trustee, the Servicer and the Holders of Certificates shall take any action
          or
          cause any REMIC to take any action necessary to create or maintain the
          status of
          each REMIC as a REMIC under the REMIC Provisions and shall assist each
          other as
          necessary to create or maintain such status. None of the Trustee, the Servicer
          or the Holder of any Residual Certificate shall take any action, cause
          any REMIC
          created hereunder to take any action or fail to take (or fail to cause
          to be
          taken) any action that, under the REMIC Provisions, if taken or not taken,
          as
          the case may be, could (i) endanger the status of such REMIC as a REMIC
          or (ii)
          result in the imposition of a tax upon such REMIC (including but not limited
          to
          the tax on prohibited transactions as defined in Code Section 860F(a)(2)
          and the
          tax on prohibited contributions set forth on Section 860G(d) of the Code)
          (either such event, an “Adverse REMIC Event”) unless the Trustee, the NIMS
          Insurer and the Servicer have received an Opinion of Counsel (at the expense
          of
          the party seeking to take such action) to the effect that the contemplated
          action will not endanger such status or result in the imposition of such
          a tax.
          In addition, prior to taking any action with respect to any REMIC created
          hereunder or the assets therein, or causing such REMIC to take any action,
          which
          is not expressly permitted under the terms of this Agreement, any Holder of a
          Residual Certificate will consult with the Trustee, the NIMS Insurer and
          the
          Servicer, or their respective designees, in writing, with respect to whether
          such action could cause an Adverse REMIC Event to occur with respect to
          any
          REMIC, and no such Person shall take any such action or cause any REMIC
          to take
          any such action as to which the Trustee, the NIMS Insurer or the Servicer
          has
          advised it in writing that an Adverse REMIC Event could occur.

         

        (g)  Each
          Holder of a Residual Certificate shall pay when due any and all taxes imposed
          on
          each REMIC created hereunder by federal or state governmental authorities.
          To
          the extent that such Trust taxes are not paid by a Residual Certificateholder,
          the Trustee shall pay any remaining REMIC taxes out of current or future
          amounts
          otherwise distributable to the Holder of the Residual Certificate in the
          REMICs
          or, if no such amounts are available, out of other amounts held in the
          Distribution Account, and shall reduce amounts otherwise payable to Holders
          of
          regular interests in the related REMIC. Subject to the foregoing, in the
          event
          that a REMIC incurs a state or local tax, including franchise taxes, as
          a result
          of a determination that such REMIC is domiciled in the State of California
          for
          state tax purposes by virtue of the location of the Servicer, the Servicer
          agrees to pay on behalf of such REMIC when due, any and all state and local
          taxes imposed as a result of such a determination, in the event that the
          Holder
          of the related Residual Certificate fails to pay such taxes, if any, when
          imposed.

         

        (h)  The
          Trustee, as agent for the Tax Matters Person, shall, for federal income
          tax
          purposes, maintain books and records with respect to each REMIC created
          hereunder on a calendar year and on an accrual basis.

         

        (i)  No
          additional contributions of assets shall be made to any REMIC created hereunder,
          except as expressly provided in this Agreement with respect to eligible
          substitute mortgage loans.

         

        (j)  Neither
          the Trustee nor the Servicer shall enter into any arrangement by which
          any REMIC
          created hereunder will receive a fee or other compensation for
          services.

         

        (k)  Reserved.

         

        (l)  The
          Trustee will apply for an Employee Identification Number from the Internal
          Revenue Service via a Form SS-4 or other acceptable method for all tax
          entities
          and shall complete the Form 8811.

         

        	SECTION
                9.02  	
                Prohibited
                  Transactions and Activities.

              

         

        None
          of
          the Depositor, the Servicer or the Trustee shall sell, dispose of, or substitute
          for any of the Mortgage Loans, except in a disposition pursuant to (i)
          the
          foreclosure of a Mortgage Loan, (ii) the bankruptcy of the Trust Fund,
          (iii) the
          termination of any REMIC created hereunder pursuant to Article X of this
          Agreement, (iv) a substitution pursuant to Article II of this Agreement
          or (v) a
          repurchase of Mortgage Loans pursuant to Article II of this Agreement,
          nor
          acquire any assets for any REMIC, nor sell or dispose of any investments
          in the
          Distribution Account for gain, nor accept any contributions to either REMIC
          after the Closing Date, unless it and the NIMS Insurer have received an
          Opinion
          of Counsel (at the expense of the party causing such sale, disposition,
          or
          substitution) that such disposition, acquisition, substitution, or acceptance
          will not (a) affect adversely the status of any REMIC created hereunder
          as a
          REMIC or of the interests therein other than the Residual Certificates
          as the
          regular interests therein, (b) affect the distribution of interest or principal
          on the Certificates, (c) result in the encumbrance of the assets transferred
          or
          assigned to the Trust Fund (except pursuant to the provisions of this Agreement)
          or (d) cause any REMIC created hereunder to be subject to a tax on prohibited
          transactions or prohibited contributions pursuant to the REMIC
          Provisions.

         

        	SECTION
                9.03  	
                Indemnification
                  with Respect to Certain Taxes and Loss of REMIC
                  Status.

              

         

        (a)  In
          the
          event that any REMIC fails to qualify as a REMIC, loses its status as a
          REMIC,
          or incurs federal, state or local taxes as a result of a prohibited transaction
          or prohibited contribution under the REMIC Provisions due to the negligent
          performance by the Servicer of its duties and obligations set forth herein,
          the
          Servicer shall indemnify the NIMS Insurer, the Trustee and the Trust Fund
          against any and all losses, claims, damages, liabilities or expenses (“Losses”)
          resulting from such negligence; provided, however, that the Servicer shall
          not
          be liable for any such Losses attributable to the action or inaction of
          the
          Trustee, the Depositor or the Holder of such Residual Certificate, as
          applicable, nor for any such Losses resulting from misinformation provided
          by
          the Holder of such Residual Certificate on which the Servicer has relied.
          The
          foregoing shall not be deemed to limit or restrict the rights and remedies
          of
          the Holder of such Residual Certificate now or hereafter existing at law
          or in
          equity. Notwithstanding the foregoing, however, in no event shall the Servicer
          have any liability (1) for any action or omission that is taken in accordance
          with and in compliance with the express terms of, or which is expressly
          permitted by the terms of, this Agreement, (2) for any Losses other than
          arising
          out of a negligent performance by the Servicer of its duties and obligations
          set
          forth herein, and (3) for any special or consequential damages to
          Certificateholders (in addition to payment of principal and interest on
          the
          Certificates).

         

        (b)  In
          the
          event that any REMIC fails to qualify as a REMIC, loses its status as a
          REMIC,
          or incurs federal, state or local taxes as a result of a prohibited transaction
          or prohibited contribution under the REMIC Provisions due to the negligent
          performance by the Trustee of its duties and obligations set forth herein,
          the
          Trustee shall indemnify the Trust Fund against any and all Losses resulting
          from
          such negligence; provided, however, that the Trustee shall not be liable
          for any
          such Losses attributable to the action or inaction of the Servicer, the
          Depositor or the Holder of such Residual Certificate, as applicable, nor
          for any
          such Losses resulting from misinformation provided by the Holder of such
          Residual Certificate on which the Trustee has relied. The foregoing shall
          not be
          deemed to limit or restrict the rights and remedies of the Holder of such
          Residual Certificate now or hereafter existing at law or in equity.
          Notwithstanding the foregoing, however, in no event shall the Trustee have
          any
          liability (1) for any action or omission that is taken in accordance with
          and in
          compliance with the express terms of, or which is expressly permitted by
          the
          terms of, this Agreement, (2) for any Losses other than arising out of
          a
          negligent performance by the Trustee of its duties and obligations set
          forth
          herein, and (3) for any special or consequential damages to Certificateholders
          (in addition to payment of principal and interest on the
          Certificates).

         

          

         

        
          
             

          

          
             

            
              

            

          

          
             

          

        

         

        ARTICLE
          X

        TERMINATION

         

        	SECTION
                10.01  	
                Termination.

              

         

        (a)  The
          respective obligations and responsibilities of the Servicer, the Depositor
          and
          the Trustee created hereby (other than the obligation of the Trustee to
          make
          certain payments to Certificateholders after the final Distribution Date
          and the
          obligation of the Servicer to send certain notices as hereinafter set forth)
          shall terminate upon notice to the Trustee upon the earliest of (i) the
          Distribution Date on which the Certificate Principal Balances of the Regular
          Certificates have been reduced to zero, (ii) the final payment or other
          liquidation of the last Mortgage Loan in the Trust, (iii) the optional
          purchase
          by the Terminator of the Mortgage Loans as described below and (iv) the
          Assumed
          Final Maturity Date as defined in the Preliminary Statement. Notwithstanding
          the
          foregoing, in no event shall the trust created hereby continue beyond the
          expiration of 21 years from the death of the last survivor of the descendants
          of
          Joseph P. Kennedy, the late ambassador of the United States to the Court
          of St.
          James’s, living on the date hereof.

         

        The
          Servicer (in such context, the “Terminator”), may, at its option, terminate this
          Agreement on any date on which the aggregate Stated Principal Balance of
          the
          Mortgage Loans (after giving effect to scheduled payments of principal
          due
          during the related Due Period, to the extent received or advanced, and
          unscheduled collections of principal received during the related Prepayment
          Period) on such date is equal to or less than 10% of the aggregate Stated
          Principal Balance of the Mortgage Loans on the Cut-off Date, by purchasing,
          on
          the next succeeding Distribution Date, all of the outstanding Mortgage
          Loans and
          REO Properties at a price equal to the greater of (i) the Stated Principal
          Balance of the Mortgage Loans (after giving effect to scheduled payments
          of
          principal due during the related Due Period, to the extent received or
          advanced,
          and unscheduled collections of principal received during the related Prepayment
          Period) and the appraised value of the REO Properties and (ii) fair market
          value
          of the Mortgage Loans and REO Properties (as determined and as agreed upon
          in
          their good faith business judgment (determined as provided in the last
          sentence
          of this paragraph) as of the Close of Business on the third Business Day
          next
          preceding the date upon which notice of any such termination is furnished
          to the
          related Certificateholders pursuant to Section 10.01(c) by (x) the Terminator,
          (y) the Holders of a majority in Percentage Interest in the Class C Certificates
          and (z) if the Floating-Rate Certificates will not receive all amounts
          owed to
          it as a result of the termination, the Trustee (provided that if this clause
          (z)
          applies to such determination, such determination shall, notwithstanding
          anything to the contrary herein, be based solely upon an appraisal obtained
          as
          provided in the last sentence of this paragraph)), plus accrued and unpaid
          interest thereon at the weighted average of the Mortgage Rates through
          the end
          of the Due Period preceding the final Distribution Date plus unreimbursed
          Servicing Advances, Advances, any unpaid Servicing Fees allocable to such
          Mortgage Loans and REO Properties, any accrued and unpaid Net WAC Rate
          Carryover
          Amounts and any Swap Termination Payment payable to the Swap Provider (the
          “Termination Price”); provided, however, such option may only be exercised if
          the Termination Price is sufficient to result in the payment of all interest
          accrued on, as well as amounts necessary to retire the principal balance
          of,
          each class of notes issued pursuant to the Indenture and any amounts owed
          to the
          NIMS Insurer (as it notifies the Trustee and Servicer in writing). If the
          determination of the fair market value of the Mortgage Loans and REO Properties
          shall be required to be made and agreed upon by the Terminator, the Holders
          of a
          majority in Percentage Interest in the Class C Certificates and the Trustee
          as
          provided in (ii) above in their good faith business judgment, such determination
          shall be based on an appraisal of the value of the Mortgage Loans and REO
          Properties conducted by an independent appraiser mutually agreed upon by
          the
          Terminator, the Holders of a majority in Percentage Interest in the Class
          C
          Certificates and the Trustee in their reasonable discretion, and (A) such
          appraisal shall be obtained at no expense to the Trustee and (B) notwithstanding
          anything to the contrary above, the Trustee may solely and conclusively
          rely on,
          and shall be protected in relying on, such appraisal in making such
          determination.

         

        By
          acceptance of a Residual Certificate, the Holders of the Residual Certificates
          agree, in connection with any termination hereunder, to assign and transfer
          any
          amounts in excess of par, and to the extent received in respect of such
          termination, to pay any such amounts to the Holders of the Class C
          Certificates.

         

        (b)  In
          connection with any termination pursuant to this Section 10.01: 

         

        (i)  At
          least
          twenty (20) days prior to the latest date on which notice of such optional
          termination is required to be mailed to the Certificateholders, the Terminator
          shall notify in writing (which may be done in electronic format) the Swap
          Provider and the Trustee of the final Distribution Date on which the Terminator
          intends to terminate the Trust Fund;

         

        (ii)  No
          later
          than 4:00 pm (New York City time) four (4) Business Days prior to the final
          Distribution Date specified in the notices required pursuant to Section
          10.01,
          the Swap Provider shall notify in writing (which may be done in electronic
          format) the Terminator and the Trustee of the amount of the Estimated Swap
          Termination Payment; and

         

        (iii)  Three
          (3)
          Business Days prior to the final Distribution Date specified in the notices
          required pursuant to Sections 10.01, (x) the Terminator shall, no
          later than 1:00 pm (New
          York
          City time) on such day, deliver to the Trustee and the Trustee shall deposit
          funds in the Distribution Account in an amount equal to the sum of the
          Termination Price (which shall be based on the Estimated Swap Termination
          Payment), and (y) if the Trustee shall have determined that the all of
          the
          requirements for Optional Termination have been met, including without
          limitation the deposit required pursuant to the immediately preceding clause
          (x)
          as well as the requirements specified in Section 10.01, then the Trustee
          shall,
          on the same Business Day, provide written notice (which may be done in
          electronic format) to the Terminator and the Swap Provider confirming (a)
          its
          receipt of the Termination Price (which shall be based on the Estimated
          Swap
          Termination Payment), and (b) that all other requirements specified in
          Section
          10.01 have been met (the “Optional Termination Notice”). Upon the delivery of
          the Optional Termination Notice by the Trustee pursuant to the preceding
          sentence, (i) the optional termination shall become irrevocable, (ii) the
          notice
          to Certificateholders of such optional termination provided pursuant to
          Section
          10.01 shall become unrescindable, (iii) the Swap Provider shall determine
          the
          Swap Termination Payment in accordance with the Interest Rate Swap Agreement
          (which shall not exceed the Estimated Swap Termination Payment), and (iv)
          the
          Swap Provider shall provide to the Trustee written notice of the amount
          of the
          Swap Termination Payment not later than two (2) Business Days prior to
          the final
          Distribution Date specified in the notices required pursuant to Sections
          10.01.

         

        Upon
          a
          termination pursuant to this Section 10.01, the Trustee shall assign to
          the
          Terminator each of the representations and warranties made by the Originator
          and
          the Seller pursuant to the Master Agreement and the Assignment Agreement,
          without recourse, representation or warranty.

         

        In
          connection with any such purchase pursuant to this Section 10.01, the Terminator
          shall deposit in the Distribution Account all amounts then on deposit in
          the
          Collection Account, which deposit shall be deemed to have occurred immediately
          preceding such purchase.

         

        Any
          such
          purchase shall be accomplished by deposit into the Distribution Account
          on the
          Determination Date before such Distribution Date of the Termination
          Price.

         

        (c)  Notice
          of
          any termination, specifying the Distribution Date (which shall be a date
          that
          would otherwise be a Distribution Date) upon which the Certificateholders
          may
          surrender their Certificates to the Trustee for payment of the final
          distribution and cancellation, shall be given promptly by the Trustee upon
          the
          Trustee receiving notice of such date from the Terminator, by letter to
          the
          Certificateholders mailed not earlier than the 15th
          day and
          not later than the 25th
          day of
          the month next preceding the month of such final distribution specifying
          (1) the
          Distribution Date upon which final distribution of the Certificates will
          be made
          upon presentation and surrender of such Certificates at the office or agency
          of
          the Trustee therein designated, (2) the amount of any such final distribution
          and (3) that the Record Date otherwise applicable to such Distribution
          Date is
          not applicable, distributions being made only upon presentation and surrender
          of
          the Certificates at the office or agency of the Trustee therein
          specified.

         

        (d)  Upon
          presentation and surrender of the Certificates, the Trustee shall cause
          to be
          distributed to the Holders of the Certificates on the Distribution Date
          for such
          final distribution, in proportion to the Percentage Interests of their
          respective Class and to the extent that funds are available for such purpose,
          an
          amount equal to the amount required to be distributed to such Holders in
          accordance with the provisions of Section 4.01 for such Distribution Date.
          By
          acceptance of the Residual Certificates, the Holders of the Residual
          Certificates agree, in connection with any termination hereunder, to assign
          and
          transfer any amounts in excess of the par value of the Mortgage Loans,
          and to
          the extent received in respect of such termination, to pay any such amounts
          to
          the Holders of the Class C Certificates.

         

        (e)  In
          the
          event that all Certificateholders shall not surrender their Certificates
          for
          final payment and cancellation on or before such final Distribution Date,
          the
          Trustee shall promptly following such date cause all funds in the Distribution
          Account not distributed in final distribution to Certificateholders to
          be
          withdrawn therefrom and credited to the remaining Certificateholders by
          depositing such funds in a separate Servicing Account for the benefit of
          such
          Certificateholders, and the Servicer (if the Servicer has exercised its
          right to
          purchase the Mortgage Loans) or the Trustee (in any other case) shall give
          a
          second written notice to the remaining Certificateholders, to surrender
          their
          Certificates for cancellation and receive the final distribution with respect
          thereto. If within nine months after the second notice all the Certificates
          shall not have been surrendered for cancellation, the Residual
          Certificateholders shall be entitled to all unclaimed funds and other assets
          which remain subject hereto, and the Trustee upon transfer of such funds
          shall
          be discharged of any responsibility for such funds, and the Certificateholders
          shall look to the Residual Certificateholders for payment.

         

        	SECTION
                10.02  	
                Additional
                  Termination Requirements.

              

         

        (a)  In
          the
          event that the Terminator exercises its purchase option as provided in
          Section
          10.01, each REMIC shall be terminated in accordance with the following
          additional requirements, unless the Trustee shall have been furnished with
          an
          Opinion of Counsel to the effect that the failure of the Trust to comply
          with
          the requirements of this Section will not (i) result in the imposition
          of taxes
          on “prohibited transactions” of the Trust as defined in Section 860F of the Code
          or (ii) cause any REMIC constituting part of the Trust Fund to fail to
          qualify
          as a REMIC at any time that any Certificates are outstanding:

         

        (i)  Within
          90
          days prior to the final Distribution Date, the Terminator shall adopt and
          the
          Trustee shall sign a plan of complete liquidation of each REMIC created
          hereunder meeting the requirements of a “Qualified Liquidation” under Section
          860F of the Code and any regulations thereunder; and

         

        (ii)  At
          or
          after the time of adoption of such a plan of complete liquidation and at
          or
          prior to the final Distribution Date, the Trustee shall sell all of the
          assets
          of the Trust Fund to the Terminator for cash pursuant to the terms of the
          plan
          of complete liquidation.

         

        (b)  By
          their
          acceptance of Certificates, the Holders thereof hereby agree to appoint
          the
          Trustee as their attorney in fact to: (i) adopt such a plan of complete
          liquidation (and the Certificateholders hereby appoint the Trustee as their
          attorney in fact to sign such plan) as appropriate and (ii) to take such
          other
          action in connection therewith as may be reasonably required to carry out
          such
          plan of complete liquidation all in accordance with the terms
          hereof.

         

         

         

        
          
             

          

          
             

            
              

            

          

          
             

          

        

         

        ARTICLE
          XI

        MISCELLANEOUS
          PROVISIONS

         

        	SECTION
                11.01  	
                Amendment.

              

         

        This
          Agreement may be amended from time to time by the Depositor, the Servicer
          and
          the Trustee with the consent of the NIMS Insurer and without the consent
          of the
          Certificateholders (i) to cure any ambiguity, (ii) to correct or supplement
          any
          provisions herein which may be defective or inconsistent with any other
          provisions herein (iii) to make any other provisions with respect to matters
          or
          questions arising under this Agreement which shall not be inconsistent
          with the
          provisions of this Agreement; provided that such action shall not, as evidenced
          by either (a) an Opinion of Counsel delivered to the Trustee or (b) written
          or
          electronic notice to the Depositor, the Servicer and the Trustee from each
          Rating Agency that such action will not result in the reduction or withdrawal
          of
          the rating of any outstanding Class of Certificates with respect to which
          it is
          a Rating Agency, adversely affect in any material respect the interests
          of any
          Certificateholder. No amendment shall be deemed to adversely affect in
          any
          material respect the interests of any Certificateholder who shall have
          consented
          thereto, and no Opinion of Counsel or Rating Agency confirmation shall
          be
          required to address the effect of any such amendment on any such consenting
          Certificateholder. 

         

        In
          addition, this Agreement may be amended from time to time by the Depositor,
          the
          Servicer and the Trustee with the consent of the NIMS Insurer and the Majority
          Certificateholders for the purpose of adding any provisions to or changing
          in
          any manner or eliminating any of the provisions of this Agreement or of
          modifying in any manner the rights of the Swap Provider or the Holders
          of
          Certificates; provided, however, that no such amendment or waiver shall
          (x)
          reduce in any manner the amount of, or delay the timing of, payments on
          the
          Certificates or distributions which are required to be made on any Certificate
          without the consent of the Holder of such Certificate, (y) adversely affect
          in
          any material respect the interests of the Swap Provider or Holders of any
          Class
          of Certificates (as evidenced by either (i) an Opinion of Counsel delivered
          to
          the Trustee or (ii) written notice to the Depositor, the Servicer and the
          Trustee from each Rating Agency that such action will not result in the
          reduction or withdrawal of the rating of any outstanding Class of Certificates
          with respect to which it is a Rating Agency) in a manner other than as
          described
          in clause (x) above, without the consent of the Holders of Certificates
          of such
          Class evidencing at least a 66% Percentage Interest in such Class, or (z)
          reduce
          the percentage of Voting Rights required by clause (y) above without the
          consent
          of the Holders of all Certificates of such Class then outstanding. Upon
          approval
          of an amendment, a copy of such amendment shall be sent to the Rating
          Agencies.

         

        Notwithstanding
          any provision of this Agreement to the contrary, the Trustee shall not
          consent
          to any amendment to this Agreement unless it shall have first received
          an
          Opinion of Counsel, delivered by (and at the expense of) the Person seeking
          such
          Amendment and satisfactory to the NIMS Insurer, to the effect that such
          amendment will not result in the imposition of a tax on any REMIC created
          hereunder constituting part of the Trust Fund pursuant to the REMIC Provisions
          or cause any REMIC created hereunder constituting part of the Trust to
          fail to
          qualify as a REMIC at any time that any Certificates are outstanding and
          that
          the amendment is being made in accordance with the terms hereof.

         

        Notwithstanding
          any of the other provisions of this Section 11.01, none of the parties
          to this
          Agreement shall enter into any amendment to this Agreement that could reasonably
          be expected to have a material adverse effect on the interests of the Swap
          Provider hereunder (excluding, for the avoidance of doubt, any amendment
          to this
          Agreement that is entered into solely for the purpose of appointing a successor
          servicer or trustee) without the prior written consent of the Swap Provider,
          which consent shall not be unreasonably withheld, conditioned or
          delayed.

         

        Promptly
          after the execution of any such amendment the Trustee shall furnish, at
          the
          expense of the Person that requested the amendment if such Person is the
          Servicer (but in no event at the expense of the Trustee), otherwise at
          the
          expense of the Trust, a copy of such amendment and the Opinion of Counsel
          referred to in the immediately preceding paragraph to the Servicer, the
          NIMS
          Insurer and each Rating Agency.

         

        It
          shall
          not be necessary for the consent of Certificateholders under this Section
          11.01
          to approve the particular form of any proposed amendment; instead it shall
          be
          sufficient if such consent shall approve the substance thereof. The manner
          of
          obtaining such consents and of evidencing the authorization of the execution
          thereof by Certificateholders shall be subject to such reasonable regulations
          as
          the Trustee may prescribe.

         

        The
          Trustee may, but shall not be obligated to, enter into any amendment pursuant
          to
          this Section 11.01 that affects its rights, duties and immunities under
          this
          Agreement or otherwise.

         

        	SECTION
                11.02  	
                Recordation
                  of Agreement; Counterparts.

              

         

        To
          the
          extent permitted by applicable law, this Agreement is subject to recordation
          in
          all appropriate public offices for real property records in all the counties
          or
          other comparable jurisdictions in which any or all of the properties subject
          to
          the Mortgages are situated, and in any other appropriate public recording
          office
          or elsewhere, such recordation to be effected by the Servicer at the expense
          of
          the Trust, but only upon direction of Certificateholders accompanied by
          an
          Opinion of Counsel to the effect that such recordation materially and
          beneficially affects the interests of the Certificateholders.

         

        For
          the
          purpose of facilitating the recordation of this Agreement as herein provided
          and
          for other purposes, this Agreement may be executed simultaneously in any
          number
          of counterparts, each of which counterparts shall be deemed to be an original,
          and such counterparts shall together constitute but one and the same
          instrument.

         

        	SECTION
                11.03  	
                Limitation
                  on Rights of Certificateholders.

              

         

        The
          death
          or incapacity of any Certificateholder shall not (i) operate to terminate
          this
          Agreement or the Trust, (ii) entitle such Certificateholder’s legal
          representatives or heirs to claim an accounting or to take any action or
          proceeding in any court for a partition or winding up of the Trust, or
          (iii)
          otherwise affect the rights, obligations and liabilities of the parties
          hereto
          or any of them.

         

        Except
          as
          expressly provided for herein, no Certificateholder shall have any right
          to vote
          or in any manner otherwise control the operation and management of the
          Trust, or
          the obligations of the parties hereto, nor shall anything herein set forth
          or
          contained in the terms of the Certificates be construed so as to constitute
          the
          Certificateholders from time to time as partners or members of an association;
          nor shall any Certificateholder be under any liability to any third person
          by
          reason of any action taken by the parties to this Agreement pursuant to
          any
          provision hereof.

         

        No
          Certificateholder shall have any right by virtue of any provision of this
          Agreement to institute any suit, action or proceeding in equity or at law
          upon
          or under or with respect to this Agreement, unless such Holder previously
          shall
          have given to the Trustee a written notice of default and of the continuance
          thereof, as hereinbefore provided, and unless also the Holders of Certificates
          entitled to at least 25% of the Voting Rights shall have made written request
          upon the Trustee to institute such action, suit or proceeding in its own
          name as
          Trustee hereunder and shall have offered to the Trustee such reasonable
          indemnity as it may require against the costs, expenses and liabilities
          to be
          incurred therein or thereby, and the Trustee for 15 days after its receipt
          of
          such notice, request and offer of indemnity, shall have neglected or refused
          to
          institute any such action, suit or proceeding. It is understood and intended,
          and expressly covenanted by each Certificateholder with every other
          Certificateholder and the Trustee, that no one or more Holders of Certificates
          shall have any right in any manner whatever by virtue of any provision
          of this
          Agreement to affect, disturb or prejudice the rights of the Holders of
          any other
          of such Certificates, or to obtain or seek to obtain priority over or preference
          to any other such Holder, which priority or preference is not otherwise
          provided
          for herein, or to enforce any right under this Agreement, except in the
          manner
          herein provided and for the equal, ratable and common benefit of all
          Certificateholders. For the protection and enforcement of the provisions
          of this
          Section 11.03 each and every Certificateholder and the Trustee shall be
          entitled
          to such relief as can be given either at law or in equity.

         

        	SECTION
                11.04  	
                Governing
                  Law; Jurisdiction.

              

         

        This
          Agreement shall be construed in accordance with the laws of the State of
          New
          York, and the obligations, rights and remedies of the parties hereunder
          shall be
          determined in accordance with such laws. With respect to any claim arising
          out
          of this Agreement, each party irrevocably submits to the exclusive jurisdiction
          of the courts of the State of New York and the United States District Court
          located in the Borough of Manhattan in The City of New York, and each party
          irrevocably waives any objection which it may have at any time to the laying
          of
          venue of any suit, action or proceeding arising out of or relating hereto
          brought in any such courts, irrevocably waives any claim that any such
          suit,
          action or proceeding brought in any such court has been brought in any
          inconvenient forum and further irrevocably waives the right to object,
          with
          respect to such claim, suit, action or proceeding brought in any such court,
          that such court does not have jurisdiction over such party, provided that
          service of process has been made by any lawful means.

         

        	SECTION
                11.05  	
                Notices.

              

         

        All
          directions, demands and notices hereunder shall be in writing and shall
          be
          deemed to have been duly given if personally delivered at or mailed by
          first
          class mail, postage prepaid, by facsimile or by express delivery service,
          to (a)
          in the case of the Servicer, National City Home Loan Services, Inc., 150
          Allegheny Center, Locator 47-23-501, Pittsburgh, PA 15212-5356, Attention:
          Investor Reporting Manager, or such other address or telecopy number as
          may
          hereafter be furnished to the Depositor, the NIMS Insurer and the Trustee
          in
          writing by the Servicer, (b) in the case of the Trustee, Deutsche Bank
          National
          Trust Company, 1761 East St. Andrew Place, Santa Ana, California 92705-4934,
          Attention: Trust Administration - GC06ZA (telecopy number: (714) 247-6478),
          or
          such other address or telecopy number as may hereafter be furnished to
          the
          Depositor, the NIMS Insurer and the Servicer in writing by the Trustee
          (c) in
          the case of the Depositor, Financial Asset Securities Corp., 600 Steamboat
          Road,
          Greenwich, Connecticut 06830, Attention: Legal, or such other address as
          may be
          furnished to the Servicer, the NIMS Insurer and the Trustee in writing
          by the
          Depositor or (d) in the case of the NIMS Insurer, such address furnished
          to the
          Depositor, the Servicer and the Trustee in writing by the NIMS Insurer,
          or such
          other address or telecopy number as may hereafter be furnished to the Depositor,
          the Servicer and the Trustee in writing by the NIMS Insurer. Any notice
          required
          or permitted to be mailed to a Certificateholder shall be given by first
          class
          mail, postage prepaid, at the address of such Holder as shown in the Certificate
          Register. Notice of any Servicer Event of Termination shall be given by
          telecopy
          and by certified mail. Any notice so mailed within the time prescribed
          in this
          Agreement shall be conclusively presumed to have duly been given when mailed,
          whether or not the Certificateholder receives such notice. A copy of any
          notice
          required to be telecopied hereunder shall also be mailed to the appropriate
          party in the manner set forth above.

         

        	SECTION
                11.06  	
                Severability
                  of Provisions.

              

         

        If
          any
          one or more of the covenants, agreements, provisions or terms of this Agreement
          shall for any reason whatsoever be held invalid, then such covenants,
          agreements, provisions or terms shall be deemed severable from the remaining
          covenants, agreements, provisions or terms of this Agreement and shall
          in no way
          affect the validity or enforceability of the other provisions of this Agreement
          or of the Certificates or the rights of the Holders thereof.

         

        	SECTION
                11.07  	
                Article
                  and Section References.

              

         

        All
          article and section references used in this Agreement, unless otherwise
          provided, are to articles and sections in this Agreement.

         

        	SECTION
                11.08  	
                Notice
                  to the Rating Agencies and the NIMS
                  Insurer.

              

         

        (a)  Each
          of
          the Trustee and the Servicer shall be obligated to use its best reasonable
          efforts promptly to provide notice to the Rating Agencies and the NIMS
          Insurer
          with respect to each of the following of which a Responsible Officer of
          the
          Trustee or Servicer, as the case may be, has actual knowledge:

         

        (i)  any
          material change or amendment to this Agreement;

         

        (ii)  the
          occurrence of any Servicer Event of Termination that has not been cured
          or
          waived;

         

        (iii)  the
          resignation or termination of the Servicer or the Trustee;

         

        (iv)  the
          final
          payment to Holders of the Certificates of any Class;

         

        (v)  any
          change in the location of any Account; and

         

        (vi)  if
          the
          Trustee is acting as successor Servicer pursuant to Section 7.02 hereof,
          any
          event that would result in the inability of the Trustee to make
          Advances.

         

        (b)  In
          addition, the Trustee shall promptly make available to each Rating Agency
          copies
          of each Statement to Certificateholders described in Section 4.03 hereof
          and
          copies of the following:

         

        (1)  each
          annual statement as to compliance described in Section 3.20 hereof;

         

        (2)  each
          Attestation Report described in Section 3.21 hereof; and

         

        (3)  each
          notice delivered pursuant to Section 7.01(a) hereof which relates to the
          fact
          that the Servicer has not made an Advance.

         

        Any
          such
          notice pursuant to this Section 11.08 shall be in writing and shall be
          deemed to
          have been duly given if personally delivered or mailed by first class mail,
          postage prepaid, or by express delivery service to (i) Dominion Bond Rating
          Service, One Exchange Plaza, 55 Broadway, 15th
          Floor,
          New York, New York 10066 and (ii) Standard & Poor’s, a division of The
          McGraw-Hill Companies, Inc., 55 Water Street, 41st Floor, New York, NY
          10041,
          Attention: Residential Mortgage Surveillance Group.

         

        	SECTION
                11.09  	
                Further
                  Assurances.

              

         

        Notwithstanding
          any other provision of this Agreement, neither the Regular Certificateholders
          nor the Trustee shall have any obligation to consent to any amendment or
          modification of this Agreement unless they have been provided reasonable
          security or indemnity against their out-of-pocket expenses (including reasonable
          attorneys’ fees) to be incurred in connection therewith.

         

        	SECTION
                11.10  	
                Reserved.

              

         

        	SECTION
                11.11  	
                Benefits
                  of Agreement.

              

         

        The
          NIMS
          Insurer and the Swap Provider shall each be deemed third-party beneficiaries
          of
          this Agreement to the same extent as if they were parties hereto, and shall
          have
          the right to enforce the provisions of this Agreement.

         

        The
          Swap
          Provider shall be an express third party beneficiary of this Agreement
          as if a
          party hereto to the extent of Swap Provider's rights, as are explicitly
          specified herein.

         

        Other
          than as set forth above, nothing in this Agreement or in the Certificates,
          expressed or implied, shall give to any Person, other than the
          Certificateholders and the parties hereto and their successors hereunder,
          any
          benefit or any legal or equitable right, remedy or claim under this
          Agreement.

         

        	SECTION
                11.12  	
                Acts
                  of Certificateholders.

              

         

        (a)  Any
          request, demand, authorization, direction, notice, consent, waiver or other
          action provided by this Agreement to be given or taken by the Certificateholders
          may be embodied in and evidenced by one or more instruments of substantially
          similar tenor signed by such Certificateholders in person or by agent duly
          appointed in writing, and such action shall become effective when such
          instrument or instruments are delivered to the Trustee and the Servicer.
          Such
          instrument or instruments (and the action embodied therein and evidenced
          thereby) are herein sometimes referred to as the “act” of the Certificateholders
          signing such instrument or instruments. Proof of execution of any such
          instrument or of a writing appointing any such agent shall be sufficient
          for any
          purpose of this Agreement and conclusive in favor of the Trustee and the
          Trust,
          if made in the manner provided in this Section 11.11.

         

        (b)  The
          fact
          and date of the execution by any Person of any such instrument or writing
          may be
          proved by the affidavit of a witness of such execution or by the certificate
          of
          a notary public or other officer authorized by law to take acknowledgments
          of
          deeds, certifying that the individual signing such instrument or writing
          acknowledged to him the execution thereof. Whenever such execution is by
          a
          signer acting in a capacity other than his or her individual capacity,
          such
          certificate or affidavit shall also constitute sufficient proof of his
          authority.

         

        (c)  Any
          request, demand, authorization, direction, notice, consent, waiver or other
          action by any Certificateholder shall bind every future Holder of such
          Certificate and the Holder of every Certificate issued upon the registration
          of
          transfer thereof or in exchange therefor or in lieu thereof, in respect
          of
          anything done, omitted or suffered to be done by the Trustee or the Trust
          in
          reliance thereon, whether or not notation of such action is made upon such
          Certificate.

         

        	SECTION
                11.13  	
                Intention
                  of the Parties and Interpretation. 

              

         

        Each
          of
          the parties acknowledges and agrees that the purpose of Sections 3.20,
          3.21 and
          4.07 of this Agreement is to facilitate compliance by the Depositor with
          the
          provisions of Regulation AB promulgated by the SEC under the 1934 Act (17
          C.F.R.
§§ 229.1100-229.1123), as such may be amended from time to time and subject
          to
          clarification and interpretive advice as may be issued by the staff of
          the SEC
          from time to time. Therefore, each of the parties agrees that (a) the
          obligations of the parties hereunder shall be interpreted in such a manner
          as to
          accomplish that purpose, (b) the parties’ obligations hereunder will be
          supplemented and modified as necessary to be consistent with any such
          amendments, interpretive advice or guidance, convention or consensus among
          active participants in the asset-backed securities markets, advice of counsel,
          or otherwise in respect of the requirements of Regulation AB, (c) the parties
          shall comply with requests made by the Depositor for delivery of additional
          or
          different information as the Depositor may determine in good faith is necessary
          to comply with the provisions of Regulation AB, and (d) no amendment of
          this
          Agreement shall be required to effect any such changes in the parties’
obligations as are necessary to accommodate evolving interpretations of
          the
          provisions of Regulation AB.

         

        

         

        
          
             

          

          
             

            
              

            

          

          
             

          

        

        IN
          WITNESS WHEREOF, the Depositor, the Servicer and the Trustee have caused
          their
          names to be signed hereto by their respective officers thereunto duly
          authorized, all as of the day and year first above written.

         

        
          	 	 	 	 	 	 	 	
                  FINANCIAL
                    ASSET SECURITIES CORP.,

                  as
                    Depositor

                
	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	
                  By:

                	
                  /s/
                    Pat Leo

                
	 	 	 	 	 	 	 	
                  Name:

                	
                  Pat
                    Leo

                
	 	 	 	 	 	 	 	
                  Title:

                	
                  Vice
                    President

                

        

        

         

        
          	 	 	 	 	 	 	 	
                  NATIONAL
                    CITY HOME LOAN SERVICES, INC., 

                  as
                    Servicer

                
	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	
                  By:

                	
                  /s/
                    Steven A. Baranet

                
	 	 	 	 	 	 	 	
                  Name:

                	
                  Steven
                    A. Baranet

                
	 	 	 	 	 	 	 	
                  Title:

                	
                  Vice
                    President

                

        

        

         

        
          	 	 	 	 	 	 	 	
                  DEUTSCHE
                    BANK NATIONAL TRUST COMPANY,

                  as
                    Trustee and Supplemental Interest Trust Trustee

                
	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	
                  By:

                	
                  /s/
                    Marion Hogan

                
	 	 	 	 	 	 	 	
                  Name:

                	
                  Marion
                    Hogan

                
	 	 	 	 	 	 	 	
                  Title:

                	
                  Associate

                

        

        

         

        
          	 	 	 	 	 	 	 	
                  By:

                	
                  /s/
                    Melissa Wilman

                
	 	 	 	 	 	 	 	
                  Name:

                	
                  Melissa
                    Wilman

                
	 	 	 	 	 	 	 	
                  Title:

                	
                  Vice
                    President

                

        

        

         

        
          
             

          

          
             

            
              

            

          

          
             

          

        

        

        
          	
                  For
                    purposes of Sections 6.08, 6.09 and 6.10:

                	 
	 	 
	
                  CLAYTON
                    FIXED INCOME SERVICES INC.

                	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	
                  By:

                	
                  /s/
                    Kevin
                    J. Kanouff

                	 	 
	
                  Name:

                	
                  Kevin
                    J. Kanouff

                	 	 
	
                  Title:

                	
                  President
                    and General Counsel

                	 	 

        

        

        

        

        
          
             

          

          
             

            
              

            

          

          
             

          

        

        

        
          	
                  STATE
                    OF CONNECTICUT

                	
                  )

                	 
	 	
                  )

                	
                  ss.:

                
	
                  COUNTY
                    OF 

                	
                  )

                	 

        

        

        On
          the
          ____ day of November, 2006 before me, a notary public in and for said State,
          personally appeared ___________________known to me to be a ____________________
          of Financial Asset Securities Corp., a Delaware corporation that executed
          the
          within instrument, and also known to me to be the person who executed it
          on
          behalf of said corporation, and acknowledged to me that such corporation
          executed the within instrument.

         

        IN
          WITNESS WHEREOF, I have hereunto set my hand and affixed my official seal
          the
          day and year in this certificate first above written.

         

        
          	 	 
	 	
                  Notary
                    Public

                

        

        
          
             

          

          
             

            
              

            

          

          
             

          

        

        

         

        
          	
                  STATE
                    OF_____________

                	
                  )

                	 
	 	
                  )

                	
                  ss.:

                
	
                  COUNTY
                    OF___________

                	
                  )

                	 

        

        

         

        On
          the____ day of November, 2006 before me, a notary public in and for said
          State,
          personally appeared ________________________known to me to be a
          ___________________ of National City Home Loan Services, Inc., a corporation
          that executed the within instrument, and also known to me to be the person
          who
          executed it on behalf of said corporation, and acknowledged to me that
          such
          corporation executed the within instrument.

         

        IN
          WITNESS WHEREOF, I have hereunto set my hand and affixed my official seal
          the
          day and year in this certificate first above written.

         

        
          	 	 
	 	
                  Notary
                    Public

                

        

        
          
             

          

          
             

            
              

            

          

          
             

          

        

        

         

        
          	
                  STATE
                    OF CALIFORNIA

                	
                  )

                	 
	 	
                  )

                	
                  ss.:

                
	
                  COUNTY
                    OF ORANGE

                	
                  )

                	 

        

        

         

        On
          the
          ___ day of November, 2006 before me, a notary public in and for said State,
          personally appeared_______________________, known to me to be
          a(n)________________________ and ________________________, known to me
          to be
          a(n) ________________________of Deutsche Bank National Trust Company, one
          of the
          entities that executed the within instrument, and also known to me to be
          the
          person who executed it on behalf of said association, and acknowledged
          to me
          that such corporation executed the within instrument.

         

        IN
          WITNESS WHEREOF, I have hereunto set my hand and affixed my official seal
          the
          day and year in this certificate first above written.

         

        
          	 	 
	 	
                  Notary
                    Public

                

        

        
          
             

          

          
             

            
              

            

          

          
             

          

        

        

        
          	
                  STATE
                    OF CALIFORNIA

                	
                  )

                	 
	 	
                  )

                	
                  ss.:

                
	
                  COUNTY
                    OF ORANGE

                	
                  )

                	 

        

        

         

        On
          the
          ___ day of November, 2006 before me, a notary public in and for said State,
          personally appeared_______________________, known to me to be
          a(n)________________________ and ________________________, known to me
          to be
          a(n) ________________________of Deutsche Bank National Trust Company, one
          of the
          entities that executed the within instrument, and also known to me to be
          the
          person who executed it on behalf of said association, and acknowledged
          to me
          that such corporation executed the within instrument.

         

        IN
          WITNESS WHEREOF, I have hereunto set my hand and affixed my official seal
          the
          day and year in this certificate first above written.

         

        
          	 	 
	 	
                  Notary
                    Public

                

        

        

        

        

      

      
        
          
          

        

        
          
          

          
            

          

        

        
          
          

        

      

    

     

    
 

    EXHIBIT
      A-1

     

    FORM
      OF
      CLASS I-A1 CERTIFICATE

     

    UNLESS
      THIS CERTIFICATE IS PRESENTED BY AN AUTHORIZED REPRESENTATIVE OF THE DEPOSITORY
      TRUST COMPANY, A NEW YORK CORPORATION (“DTC”), TO THE TRUSTEE 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.

     

    SOLELY
      FOR U.S. FEDERAL INCOME TAX PURPOSES, THIS CERTIFICATE IS A “REGULAR INTEREST”
IN A “REAL ESTATE MORTGAGE INVESTMENT CONDUIT,” AS THOSE TERMS ARE DEFINED,
      RESPECTIVELY, IN SECTIONS 860G AND 860D OF THE INTERNAL REVENUE CODE OF 1986,
      AS
      AMENDED (THE “CODE”).

     

    PRIOR
      TO
      THE TERMINATION OF THE SUPPLEMENTAL INTEREST TRUST, ANY TRANSFEREE OF THIS
      CERTIFICATE WHO IS AN EMPLOYEE BENEFIT PLAN OR OTHER RETIREMENT ARRANGEMENT
      (EACH A “PLAN”) SUBJECT TO THE EMPLOYEE RETIREMENT INCOME SECURITY ACT OF 1974,
      AS AMENDED (“ERISA”), SHALL BE DEEMED TO HAVE MADE THE REPRESENTATION SET FORTH
      IN SECTION 5.02(d)
      OF THE
      AGREEMENT.

     

    

    
      	
              Certificate
                No.

            	
              :

            	
              1

            
	
              Cut-off
                Date

            	
              :

            	
              November
                1, 2006

            
	
              First
                Distribution Date

            	
              :

            	
              December
                25, 2006

            
	
              Initial
                Certificate Principal Balance

              of
                this Certificate (“Denomination”)

            	
              :

            	
              $
                325,847,000.00

            
	
              Original
                Class Certificate

              Principal
                Balance of this Class

            	
              :

            	
              $
                325,847,000.00

            
	
              Percentage
                Interest

            	
              :

            	
              100%

            
	
              Pass-Through
                Rate

            	
              :

            	
              Variable

            
	
              CUSIP

            	
              :

            	
              320275
                AA 8

            
	
              Class

            	
              :

            	
              I-A1

            
	
              Assumed
                Maturity Date

            	
              :

            	
              December
                2036

            

    

    

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    First
      Franklin Mortgage Loan Trust 2006-FF16

    Asset-Backed
      Certificates,

    Series
      2006-FF16

    CLASS
      I-A1

     

    evidencing
      the Percentage Interest in the distributions allocable to the Certificates
      of
      the above-referenced Class with respect to the Trust consisting of first lien
      adjustable rate and fixed rate mortgage loans (the “Mortgage
      Loans”)

     

    FINANCIAL
      ASSET SECURITIES CORP., AS DEPOSITOR

     

    Principal
      in respect of this Certificate is distributable monthly as set forth herein.
      Accordingly, the Certificate Principal Balance of this Class I-A1 Certificate
      at
      any time may be less than the Initial Certificate Principal Balance set forth
      on
      the face hereof, as described herein. This Class I-A1 Certificate does not
      evidence an obligation of, or an interest in, and is not guaranteed by the
      Depositor, the Servicer, or the Trustee referred to below or any of their
      respective affiliates.

     

    This
      certifies that Cede & Co. is the registered owner of the Percentage Interest
      evidenced by this Class I-A1 Certificate (obtained by dividing the Denomination
      of this Class I-A1 Certificate by the Original Class Certificate Principal
      Balance) in certain monthly distributions with respect to a Trust consisting
      primarily of the Mortgage Loans deposited by Financial Asset Securities Corp.
      (the “Depositor”). The Trust was created pursuant to a Pooling and Servicing
      Agreement dated as of November 1, 2006 (the “Agreement”) among the Depositor,
      National City Home Loan Services, Inc., as servicer (the “Servicer”), and
      Deutsche Bank National Trust Company, a national banking association, as trustee
      (the “Trustee”). To the extent not defined herein, the capitalized terms used
      herein have the meanings assigned in the Agreement. This Class I-A1 Certificate
      is issued under and is subject to the terms, provisions and conditions of the
      Agreement, to which Agreement the Holder of this Class I-A1 Certificate by
      virtue of the acceptance hereof assents and by which such Holder is
      bound.

     

    Reference
      is hereby made to the further provisions of this Class I-A1 Certificate set
      forth on the reverse hereof, which further provisions shall for all purposes
      have the same effect as if set forth at this place.

     

    This
      Class I-A1 Certificate shall not be entitled to any benefit under the Agreement
      or be valid for any purpose unless manually countersigned by an authorized
      signatory of the Trustee.

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    IN
      WITNESS WHEREOF, the Trustee on behalf of the Trust has caused this Certificate
      to be duly executed.

     

    Dated:
      November __, 2006

     

    
      	
              FIRST
                FRANKLIN MORTGAGE LOAN TRUST 2006-FF16

               

              DEUTSCHE
                BANK NATIONAL TRUST COMPANY, not in its individual capacity, but
                solely as
                Trustee

            
	 	 
	
              By:

            	 

    

    

     

    This
      is
      one of the I-A1 Certificates referenced

    in
      the
      within-mentioned Agreement

    

    

    By:__________________________________________

    Authorized
      Signatory of

    Deutsche
      Bank National Trust Company,

    as
      Trustee

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    [Reverse
      of Class I-A1 Certificate]

     

    First
      Franklin Mortgage Loan Trust 2006-FF16

    Asset-Backed
      Certificates,

    SERIES
      2006-FF16

     

    This
      Certificate is one of a duly authorized issue of Certificates designated as
      First Franklin Mortgage Loan Trust 2006-FF16, Asset-Backed Certificates, Series
      2006-FF16 (herein collectively called the “Certificates”), and representing a
      beneficial ownership interest in the Trust created by the
      Agreement.

     

    The
      Certificateholder, by its acceptance of this Certificate, agrees that it will
      look solely to the funds on deposit in the Distribution Account for payment
      hereunder and that the Trustee is not liable to the Certificateholders for
      any
      amount payable under this Certificate or the Agreement or, except as expressly
      provided in the Agreement, subject to any liability under the
      Agreement.

     

    This
      Certificate does not purport to summarize the Agreement and reference is made
      to
      the Agreement for the interests, rights and limitations of rights, benefits,
      obligations and duties evidenced thereby, and the rights, duties and immunities
      of the Trustee.

     

    Pursuant
      to the terms of the Agreement, a distribution will be made on the 25th day
      of
      each month or, if such 25th day is not a Business Day, then the Business Day
      immediately following such Distribution Date (the “Distribution Date”),
      commencing on the first Distribution Date specified on the face hereof, to
      the
      Person in whose name this Certificate is registered at the close of business
      on
      the applicable Record Date in an amount equal to the product of the Percentage
      Interest evidenced by this Certificate and the amount required to be distributed
      to Holders of Certificates of the Class to which this Certificate belongs on
      such Distribution Date pursuant to the Agreement.

     

    Distributions
      on this Certificate shall be made by check or money order mailed to the address
      of the person entitled thereto as it appears on the Certificate Register or
      by
      wire transfer or otherwise, as set forth in the Agreement. The final
      distribution on each Certificate will be made in like manner, but only upon
      presentment and surrender of such Certificate at the office of the Trustee
      or
      the Trustee’s agent specified in the notice to Certificateholders of such final
      distribution.

     

    The
      Agreement permits, with certain exceptions therein provided, the amendment
      thereof and the modification of the rights and obligations of the Trustee and
      the rights of the Certificateholders under the Agreement at any time by the
      Depositor, the Servicer and the Trustee and of Holders of the requisite
      percentage of the Percentage Interests of each Class of Certificates affected
      by
      such amendment, as specified in the Agreement. Any such consent by the Holder
      of
      this Certificate shall be conclusive and binding on such Holder and upon all
      future Holders of this Certificate and of any Certificate issued upon the
      transfer hereof or in exchange therefor or in lieu hereof whether or not
      notation of such consent is made upon this Certificate. The Agreement also
      permits the amendment thereof, in certain limited circumstances, without the
      consent of the Holders of any of the Certificates.

     

    As
      provided in the Agreement and subject to certain limitations therein set forth,
      the transfer of this Certificate is registrable in the Certificate Register
      of
      the Certificate Registrar upon surrender of this Certificate for registration
      of
      transfer at the offices or agencies of the Trustee as provided in the Pooling
      and Servicing Agreement accompanied by a written instrument of transfer in
      form
      satisfactory to the Trustee and the Certificate Registrar duly executed by
      the
      holder hereof or such holder’s attorney duly authorized in writing, and
      thereupon one or more new Certificates of the same Class in authorized
      denominations and evidencing the same aggregate Percentage Interest in the
      Trust
      will be issued to the designated transferee or transferees.

     

    Prior
      to
      the termination of the Supplemental Interest Trust, any transferee of this
      Certificate who is a Plan subject to ERISA or Section 4975 of the Code, any
      Person acting, directly or indirectly, on behalf of any such Plan or any person
      using Plan Assets to acquire this Certificate shall be deemed to have made
      the
      representation made except in accordance with Section 5.02(d) of the
      Agreement.

     

    The
      Certificates are issuable only as registered Certificates without coupons in
      denominations specified in the Agreement. As provided in the Agreement and
      subject to certain limitations therein set forth, Certificates are exchangeable
      for new Certificates of the same Class in authorized denominations and
      evidencing the same aggregate Percentage Interest, as requested by the Holder
      surrendering the same.

     

    No
      service charge will be made for any such registration of transfer or exchange,
      but the Trustee may require payment of a sum sufficient to cover any tax or
      other governmental charge payable in connection therewith.

     

    The
      Depositor, the Servicer and the Trustee and any agent of the Depositor, the
      Servicer or the Trustee 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 Servicer or any such agent shall be affected by any notice to
      the
      contrary.

     

    On
      any
      Distribution Date following the date at which the remaining aggregate Principal
      Balance of the Mortgage Loans is less than 10% of the Principal Balance of
      the
      Original Mortgage Loans as of the Cut-off Date, the Servicer may purchase,
      in
      whole, from the Trust the Mortgage Loans at a purchase price determined as
      provided in the Agreement. In the event that no such optional termination
      occurs, the obligations and responsibilities created by the Agreement will
      terminate upon notice to the Trustee upon the earliest of (i) the Distribution
      Date on which the Certificate Principal Balances of the Regular Certificates
      have been reduced to zero, (ii) the final payment or other liquidation of the
      last Mortgage Loan in the Trust, (iii) the optional purchase by the Servicer
      of
      the Mortgage Loans as described in the Agreement and (iv) the Distribution
      Date
      in December 2036.

     

    Capitalized
      terms used herein that are defined in the Agreement shall have the meanings
      ascribed to them in the Agreement, and nothing herein shall be deemed
      inconsistent with that meaning.

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    ASSIGNMENT

     

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

     

    
      	 
	 

    

    (Please
      print or typewrite name and address including postal zip code of
      assignee)

     

    the
      Percentage Interest evidenced by the within Certificate and hereby authorizes
      the transfer of registration of such Percentage Interest to assignee on the
      Certificate Register of the Trust.

     

    I
      (We)
      further direct the Trustee to issue a new Certificate of a like denomination
      and
      Class, to the above named assignee and deliver such Certificate to the following
      address:

    
      	 

    

    

     

    Dated:_________________

     

    

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    DISTRIBUTION
      INSTRUCTIONS

     

    The
      assignee should include the following for purposes of distribution:

     

    
      	
              Distributions
                shall be made, by wire transfer or otherwise, in immediately available
                

            
	
              funds
                to

            	 
	 
	
              for
                the account of

            	 
	
              account
                number

            	 	
              or,
                if mailed by check, to

            
	 
	
              Applicable
                statements should be mailed to

            	 
	 
	 
	
              This
                information is provided by

            	 
	
              assignee
                named above, or

            	 
	
              its
                agent.

            	 

    

    

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    EXHIBIT
      A-2

     

    FORM
      OF
      CLASS II-A1 CERTIFICATE

     

    UNLESS
      THIS CERTIFICATE IS PRESENTED BY AN AUTHORIZED REPRESENTATIVE OF THE DEPOSITORY
      TRUST COMPANY, A NEW YORK CORPORATION (“DTC”), TO THE TRUSTEE 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.

     

    SOLELY
      FOR U.S. FEDERAL INCOME TAX PURPOSES, THIS CERTIFICATE IS A “REGULAR INTEREST”
IN A “REAL ESTATE MORTGAGE INVESTMENT CONDUIT,” AS THOSE TERMS ARE DEFINED,
      RESPECTIVELY, IN SECTIONS 860G AND 860D OF THE INTERNAL REVENUE CODE OF 1986,
      AS
      AMENDED (THE “CODE”).

     

    PRIOR
      TO
      THE TERMINATION OF THE SUPPLEMENTAL INTEREST TRUST, ANY TRANSFEREE OF THIS
      CERTIFICATE WHO IS AN EMPLOYEE BENEFIT PLAN OR OTHER RETIREMENT ARRANGEMENT
      (EACH A “PLAN”) SUBJECT TO THE EMPLOYEE RETIREMENT INCOME SECURITY ACT OF 1974,
      AS AMENDED (“ERISA”), SHALL BE DEEMED TO HAVE MADE THE REPRESENTATION SET FORTH
      IN SECTION 5.02(d)
      OF THE
      AGREEMENT.

     

    

    
      	
              Certificate
                No.

            	
              :

            	
              1

            
	
              Cut-off
                Date

            	
              :

            	
              November
                1, 2006

            
	
              First
                Distribution Date

            	
              :

            	
              December
                25, 2006

            
	
              Initial
                Certificate Principal Balance

              of
                this Certificate (“Denomination”)

            	
              :

            	
              $
                293,996,000.00

            
	
              Original
                Class Certificate

              Principal
                Balance of this Class

            	
              :

            	
              $
                293,996,000.00

            
	
              Percentage
                Interest

            	
              :

            	
              100%

            
	
              Pass-Through
                Rate

            	
              :

            	
              Variable

            
	
              CUSIP

            	
              :

            	
              320275
                AB 6

            
	
              Class

            	
              :

            	
              II-A1

            
	
              Assumed
                Maturity Date

            	
              :

            	
              December
                2036

            

    

    

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    First
      Franklin Mortgage Loan Trust 2006-FF16

    Asset-Backed
      Certificates,

    Series
      2006-FF16

    CLASS
      II-A1

     

    evidencing
      the Percentage Interest in the distributions allocable to the Certificates
      of
      the above-referenced Class with respect to the Trust consisting of first lien
      adjustable rate and fixed rate mortgage loans (the “Mortgage
      Loans”)

     

    FINANCIAL
      ASSET SECURITIES CORP., AS DEPOSITOR

     

    Principal
      in respect of this Certificate is distributable monthly as set forth herein.
      Accordingly, the Certificate Principal Balance of this Class II-A1 Certificate
      at any time may be less than the Initial Certificate Principal Balance set
      forth
      on the face hereof, as described herein. This Class II-A1 Certificate does
      not
      evidence an obligation of, or an interest in, and is not guaranteed by the
      Depositor, the Servicer, or the Trustee referred to below or any of their
      respective affiliates.

     

    This
      certifies that Cede & Co. is the registered owner of the Percentage Interest
      evidenced by this Class II-A1 Certificate (obtained by dividing the Denomination
      of this Class II-A1 Certificate by the Original Class Certificate Principal
      Balance) in certain monthly distributions with respect to a Trust consisting
      primarily of the Mortgage Loans deposited by Financial Asset Securities Corp.
      (the “Depositor”). The Trust was created pursuant to a Pooling and Servicing
      Agreement dated as of November 1, 2006 (the “Agreement”) among the Depositor,
      National City Home Loan Services, Inc., as servicer (the “Servicer”), and
      Deutsche Bank National Trust Company, a national banking association, as trustee
      (the “Trustee”). To the extent not defined herein, the capitalized terms used
      herein have the meanings assigned in the Agreement. This Class II-A1 Certificate
      is issued under and is subject to the terms, provisions and conditions of the
      Agreement, to which Agreement the Holder of this Class II-A1 Certificate by
      virtue of the acceptance hereof assents and by which such Holder is
      bound.

     

    Reference
      is hereby made to the further provisions of this Class II-A1 Certificate set
      forth on the reverse hereof, which further provisions shall for all purposes
      have the same effect as if set forth at this place.

     

    This
      Class II-A1 Certificate shall not be entitled to any benefit under the Agreement
      or be valid for any purpose unless manually countersigned by an authorized
      signatory of the Trustee.

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    IN
      WITNESS WHEREOF, the Trustee on behalf of the Trust has caused this Certificate
      to be duly executed.

     

    Dated:
      November __, 2006

     

    
      	
              FIRST
                FRANKLIN MORTGAGE LOAN TRUST 2006-FF16

               

              DEUTSCHE
                BANK NATIONAL TRUST COMPANY, not in its individual capacity, but
                solely as
                Trustee

            
	 	 
	
              By:

            	 

    

    

     

    This
      is
      one of the II-A1 Certificates referenced

    in
      the
      within-mentioned Agreement

    

    

    By:__________________________________________

    Authorized
      Signatory of

    Deutsche
      Bank National Trust Company,

    as
      Trustee

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    [Reverse
      of Class II-A1 Certificate]

     

    First
      Franklin Mortgage Loan Trust 2006-FF16

    Asset-Backed
      Certificates,

    SERIES
      2006-FF16

     

    This
      Certificate is one of a duly authorized issue of Certificates designated as
      First Franklin Mortgage Loan Trust 2006-FF16, Asset-Backed Certificates, Series
      2006-FF16 (herein collectively called the “Certificates”), and representing a
      beneficial ownership interest in the Trust created by the
      Agreement.

     

    The
      Certificateholder, by its acceptance of this Certificate, agrees that it will
      look solely to the funds on deposit in the Distribution Account for payment
      hereunder and that the Trustee is not liable to the Certificateholders for
      any
      amount payable under this Certificate or the Agreement or, except as expressly
      provided in the Agreement, subject to any liability under the
      Agreement.

     

    This
      Certificate does not purport to summarize the Agreement and reference is made
      to
      the Agreement for the interests, rights and limitations of rights, benefits,
      obligations and duties evidenced thereby, and the rights, duties and immunities
      of the Trustee.

     

    Pursuant
      to the terms of the Agreement, a distribution will be made on the 25th day
      of
      each month or, if such 25th day is not a Business Day, then the Business Day
      immediately following such Distribution Date (the “Distribution Date”),
      commencing on the first Distribution Date specified on the face hereof, to
      the
      Person in whose name this Certificate is registered at the close of business
      on
      the applicable Record Date in an amount equal to the product of the Percentage
      Interest evidenced by this Certificate and the amount required to be distributed
      to Holders of Certificates of the Class to which this Certificate belongs on
      such Distribution Date pursuant to the Agreement.

     

    Distributions
      on this Certificate shall be made by check or money order mailed to the address
      of the person entitled thereto as it appears on the Certificate Register or
      by
      wire transfer or otherwise, as set forth in the Agreement. The final
      distribution on each Certificate will be made in like manner, but only upon
      presentment and surrender of such Certificate at the office of the Trustee
      or
      the Trustee’s agent specified in the notice to Certificateholders of such final
      distribution.

     

    The
      Agreement permits, with certain exceptions therein provided, the amendment
      thereof and the modification of the rights and obligations of the Trustee and
      the rights of the Certificateholders under the Agreement at any time by the
      Depositor, the Servicer and the Trustee and of Holders of the requisite
      percentage of the Percentage Interests of each Class of Certificates affected
      by
      such amendment, as specified in the Agreement. Any such consent by the Holder
      of
      this Certificate shall be conclusive and binding on such Holder and upon all
      future Holders of this Certificate and of any Certificate issued upon the
      transfer hereof or in exchange therefor or in lieu hereof whether or not
      notation of such consent is made upon this Certificate. The Agreement also
      permits the amendment thereof, in certain limited circumstances, without the
      consent of the Holders of any of the Certificates.

     

    As
      provided in the Agreement and subject to certain limitations therein set forth,
      the transfer of this Certificate is registrable in the Certificate Register
      of
      the Certificate Registrar upon surrender of this Certificate for registration
      of
      transfer at the offices or agencies of the Trustee as provided in the Pooling
      and Servicing Agreement accompanied by a written instrument of transfer in
      form
      satisfactory to the Trustee and the Certificate Registrar duly executed by
      the
      holder hereof or such holder’s attorney duly authorized in writing, and
      thereupon one or more new Certificates of the same Class in authorized
      denominations and evidencing the same aggregate Percentage Interest in the
      Trust
      will be issued to the designated transferee or transferees.

     

    Prior
      to
      the termination of the Supplemental Interest Trust, any transferee of this
      Certificate who is a Plan subject to ERISA or Section 4975 of the Code, any
      Person acting, directly or indirectly, on behalf of any such Plan or any person
      using Plan Assets to acquire this Certificate shall be deemed to have made
      the
      representation made except in accordance with Section 5.02(d) of the
      Agreement.

     

    The
      Certificates are issuable only as registered Certificates without coupons in
      denominations specified in the Agreement. As provided in the Agreement and
      subject to certain limitations therein set forth, Certificates are exchangeable
      for new Certificates of the same Class in authorized denominations and
      evidencing the same aggregate Percentage Interest, as requested by the Holder
      surrendering the same.

     

    No
      service charge will be made for any such registration of transfer or exchange,
      but the Trustee may require payment of a sum sufficient to cover any tax or
      other governmental charge payable in connection therewith.

     

    The
      Depositor, the Servicer and the Trustee and any agent of the Depositor, the
      Servicer or the Trustee 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 Servicer or any such agent shall be affected by any notice to
      the
      contrary.

     

    On
      any
      Distribution Date following the date at which the remaining aggregate Principal
      Balance of the Mortgage Loans is less than 10% of the Principal Balance of
      the
      Original Mortgage Loans as of the Cut-off Date, the Servicer may purchase,
      in
      whole, from the Trust the Mortgage Loans at a purchase price determined as
      provided in the Agreement. In the event that no such optional termination
      occurs, the obligations and responsibilities created by the Agreement will
      terminate upon notice to the Trustee upon the earliest of (i) the Distribution
      Date on which the Certificate Principal Balances of the Regular Certificates
      have been reduced to zero, (ii) the final payment or other liquidation of the
      last Mortgage Loan in the Trust, (iii) the optional purchase by the Servicer
      of
      the Mortgage Loans as described in the Agreement and (iv) the Distribution
      Date
      in December 2036.

     

    Capitalized
      terms used herein that are defined in the Agreement shall have the meanings
      ascribed to them in the Agreement, and nothing herein shall be deemed
      inconsistent with that meaning.

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    ASSIGNMENT

     

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

     

    
      	 
	 

    

    (Please
      print or typewrite name and address including postal zip code of
      assignee)

     

    the
      Percentage Interest evidenced by the within Certificate and hereby authorizes
      the transfer of registration of such Percentage Interest to assignee on the
      Certificate Register of the Trust.

     

    I
      (We)
      further direct the Trustee to issue a new Certificate of a like denomination
      and
      Class, to the above named assignee and deliver such Certificate to the following
      address:

    
      	 

    

    

     

    Dated:_________________

     

    

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    DISTRIBUTION
      INSTRUCTIONS

     

    The
      assignee should include the following for purposes of distribution:

     

    
      	
              Distributions
                shall be made, by wire transfer or otherwise, in immediately available
                

            
	
              funds
                to

            	 
	 
	
              for
                the account of

            	 
	
              account
                number

            	 	
              or,
                if mailed by check, to

            
	 
	
              Applicable
                statements should be mailed to

            	 
	 
	 
	
              This
                information is provided by

            	 
	
              assignee
                named above, or

            	 
	
              its
                agent.

            	 

    

    

     

    

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    EXHIBIT
      A-3

     

    FORM
      OF
      CLASS II-A2 CERTIFICATE

     

    UNLESS
      THIS CERTIFICATE IS PRESENTED BY AN AUTHORIZED REPRESENTATIVE OF THE DEPOSITORY
      TRUST COMPANY, A NEW YORK CORPORATION (“DTC”), TO THE TRUSTEE 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.

     

    SOLELY
      FOR U.S. FEDERAL INCOME TAX PURPOSES, THIS CERTIFICATE IS A “REGULAR INTEREST”
IN A “REAL ESTATE MORTGAGE INVESTMENT CONDUIT,” AS THOSE TERMS ARE DEFINED,
      RESPECTIVELY, IN SECTIONS 860G AND 860D OF THE INTERNAL REVENUE CODE OF 1986,
      AS
      AMENDED (THE “CODE”).

     

    PRIOR
      TO
      THE TERMINATION OF THE SUPPLEMENTAL INTEREST TRUST, ANY TRANSFEREE OF THIS
      CERTIFICATE WHO IS AN EMPLOYEE BENEFIT PLAN OR OTHER RETIREMENT ARRANGEMENT
      (EACH A “PLAN”) SUBJECT TO THE EMPLOYEE RETIREMENT INCOME SECURITY ACT OF 1974,
      AS AMENDED (“ERISA”), SHALL BE DEEMED TO HAVE MADE THE REPRESENTATION SET FORTH
      IN SECTION 5.02(d)
      OF THE
      AGREEMENT.

     

    

    
      	
              Certificate
                No.

            	
              :

            	
              1

            
	
              Cut-off
                Date

            	
              :

            	
              November
                1, 2006

            
	
              First
                Distribution Date

            	
              :

            	
              December
                25, 2006

            
	
              Initial
                Certificate Principal Balance

              of
                this Certificate (“Denomination”)

            	
              :

            	
              $
                139,671,000.00

            
	
              Original
                Class Certificate

              Principal
                Balance of this Class

            	
              :

            	
              $
                139,671,000.00

            
	
              Percentage
                Interest

            	
              :

            	
              100%

            
	
              Pass-Through
                Rate

            	
              :

            	
              Variable

            
	
              CUSIP

            	
              :

            	
              320275
                AC 4

            
	
              Class

            	
              :

            	
              II-A2

            
	
              Assumed
                Maturity Date

            	
              :

            	
              December
                2036

            

    

    

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    First
      Franklin Mortgage Loan Trust 2006-FF16

    Asset-Backed
      Certificates,

    Series
      2006-FF16

    CLASS
      II-A2

     

    evidencing
      the Percentage Interest in the distributions allocable to the Certificates
      of
      the above-referenced Class with respect to the Trust consisting of first lien
      adjustable rate and fixed rate mortgage loans (the “Mortgage
      Loans”)

     

    FINANCIAL
      ASSET SECURITIES CORP., AS DEPOSITOR

     

    Principal
      in respect of this Certificate is distributable monthly as set forth herein.
      Accordingly, the Certificate Principal Balance of this Class II-A2 Certificate
      at any time may be less than the Initial Certificate Principal Balance set
      forth
      on the face hereof, as described herein. This Class II-A2 Certificate does
      not
      evidence an obligation of, or an interest in, and is not guaranteed by the
      Depositor, the Servicer, or the Trustee referred to below or any of their
      respective affiliates.

     

    This
      certifies that Cede & Co. is the registered owner of the Percentage Interest
      evidenced by this Class II-A2 Certificate (obtained by dividing the Denomination
      of this Class II-A2 Certificate by the Original Class Certificate Principal
      Balance) in certain monthly distributions with respect to a Trust consisting
      primarily of the Mortgage Loans deposited by Financial Asset Securities Corp.
      (the “Depositor”). The Trust was created pursuant to a Pooling and Servicing
      Agreement dated as of November 1, 2006 (the “Agreement”) among the Depositor,
      National City Home Loan Services, Inc., as servicer (the “Servicer”), and
      Deutsche Bank National Trust Company, a national banking association, as trustee
      (the “Trustee”). To the extent not defined herein, the capitalized terms used
      herein have the meanings assigned in the Agreement. This Class II-A2 Certificate
      is issued under and is subject to the terms, provisions and conditions of the
      Agreement, to which Agreement the Holder of this Class II-A2 Certificate by
      virtue of the acceptance hereof assents and by which such Holder is
      bound.

     

    Reference
      is hereby made to the further provisions of this Class II-A2 Certificate set
      forth on the reverse hereof, which further provisions shall for all purposes
      have the same effect as if set forth at this place.

     

    This
      Class II-A2 Certificate shall not be entitled to any benefit under the Agreement
      or be valid for any purpose unless manually countersigned by an authorized
      signatory of the Trustee.

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    IN
      WITNESS WHEREOF, the Trustee on behalf of the Trust has caused this Certificate
      to be duly executed.

     

    Dated:
      November __, 2006

     

    
      	
              FIRST
                FRANKLIN MORTGAGE LOAN TRUST 2006-FF16

               

              DEUTSCHE
                BANK NATIONAL TRUST COMPANY, not in its individual capacity, but
                solely as
                Trustee

            
	 	 
	
              By:

            	 

    

    

     

    This
      is
      one of the II-A2 Certificates referenced

    in
      the
      within-mentioned Agreement

    

    

    By:__________________________________________

    Authorized
      Signatory of

    Deutsche
      Bank National Trust Company,

    as
      Trustee

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    [Reverse
      of Class II-A2 Certificate]

     

    First
      Franklin Mortgage Loan Trust 2006-FF16

    Asset-Backed
      Certificates,

    SERIES
      2006-FF16

     

    This
      Certificate is one of a duly authorized issue of Certificates designated as
      First Franklin Mortgage Loan Trust 2006-FF16, Asset-Backed Certificates, Series
      2006-FF16 (herein collectively called the “Certificates”), and representing a
      beneficial ownership interest in the Trust created by the
      Agreement.

     

    The
      Certificateholder, by its acceptance of this Certificate, agrees that it will
      look solely to the funds on deposit in the Distribution Account for payment
      hereunder and that the Trustee is not liable to the Certificateholders for
      any
      amount payable under this Certificate or the Agreement or, except as expressly
      provided in the Agreement, subject to any liability under the
      Agreement.

     

    This
      Certificate does not purport to summarize the Agreement and reference is made
      to
      the Agreement for the interests, rights and limitations of rights, benefits,
      obligations and duties evidenced thereby, and the rights, duties and immunities
      of the Trustee.

     

    Pursuant
      to the terms of the Agreement, a distribution will be made on the 25th day
      of
      each month or, if such 25th day is not a Business Day, then the Business Day
      immediately following such Distribution Date (the “Distribution Date”),
      commencing on the first Distribution Date specified on the face hereof, to
      the
      Person in whose name this Certificate is registered at the close of business
      on
      the applicable Record Date in an amount equal to the product of the Percentage
      Interest evidenced by this Certificate and the amount required to be distributed
      to Holders of Certificates of the Class to which this Certificate belongs on
      such Distribution Date pursuant to the Agreement.

     

    Distributions
      on this Certificate shall be made by check or money order mailed to the address
      of the person entitled thereto as it appears on the Certificate Register or
      by
      wire transfer or otherwise, as set forth in the Agreement. The final
      distribution on each Certificate will be made in like manner, but only upon
      presentment and surrender of such Certificate at the office of the Trustee
      or
      the Trustee’s agent specified in the notice to Certificateholders of such final
      distribution.

     

    The
      Agreement permits, with certain exceptions therein provided, the amendment
      thereof and the modification of the rights and obligations of the Trustee and
      the rights of the Certificateholders under the Agreement at any time by the
      Depositor, the Servicer and the Trustee and of Holders of the requisite
      percentage of the Percentage Interests of each Class of Certificates affected
      by
      such amendment, as specified in the Agreement. Any such consent by the Holder
      of
      this Certificate shall be conclusive and binding on such Holder and upon all
      future Holders of this Certificate and of any Certificate issued upon the
      transfer hereof or in exchange therefor or in lieu hereof whether or not
      notation of such consent is made upon this Certificate. The Agreement also
      permits the amendment thereof, in certain limited circumstances, without the
      consent of the Holders of any of the Certificates.

     

    As
      provided in the Agreement and subject to certain limitations therein set forth,
      the transfer of this Certificate is registrable in the Certificate Register
      of
      the Certificate Registrar upon surrender of this Certificate for registration
      of
      transfer at the offices or agencies of the Trustee as provided in the Pooling
      and Servicing Agreement accompanied by a written instrument of transfer in
      form
      satisfactory to the Trustee and the Certificate Registrar duly executed by
      the
      holder hereof or such holder’s attorney duly authorized in writing, and
      thereupon one or more new Certificates of the same Class in authorized
      denominations and evidencing the same aggregate Percentage Interest in the
      Trust
      will be issued to the designated transferee or transferees.

     

    Prior
      to
      the termination of the Supplemental Interest Trust, any transferee of this
      Certificate who is a Plan subject to ERISA or Section 4975 of the Code, any
      Person acting, directly or indirectly, on behalf of any such Plan or any person
      using Plan Assets to acquire this Certificate shall be deemed to have made
      the
      representation made except in accordance with Section 5.02(d) of the
      Agreement.

     

    The
      Certificates are issuable only as registered Certificates without coupons in
      denominations specified in the Agreement. As provided in the Agreement and
      subject to certain limitations therein set forth, Certificates are exchangeable
      for new Certificates of the same Class in authorized denominations and
      evidencing the same aggregate Percentage Interest, as requested by the Holder
      surrendering the same.

     

    No
      service charge will be made for any such registration of transfer or exchange,
      but the Trustee may require payment of a sum sufficient to cover any tax or
      other governmental charge payable in connection therewith.

     

    The
      Depositor, the Servicer and the Trustee and any agent of the Depositor, the
      Servicer or the Trustee 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 Servicer or any such agent shall be affected by any notice to
      the
      contrary.

     

    On
      any
      Distribution Date following the date at which the remaining aggregate Principal
      Balance of the Mortgage Loans is less than 10% of the Principal Balance of
      the
      Original Mortgage Loans as of the Cut-off Date, the Servicer may purchase,
      in
      whole, from the Trust the Mortgage Loans at a purchase price determined as
      provided in the Agreement. In the event that no such optional termination
      occurs, the obligations and responsibilities created by the Agreement will
      terminate upon notice to the Trustee upon the earliest of (i) the Distribution
      Date on which the Certificate Principal Balances of the Regular Certificates
      have been reduced to zero, (ii) the final payment or other liquidation of the
      last Mortgage Loan in the Trust, (iii) the optional purchase by the Servicer
      of
      the Mortgage Loans as described in the Agreement and (iv) the Distribution
      Date
      in December 2036.

     

    Capitalized
      terms used herein that are defined in the Agreement shall have the meanings
      ascribed to them in the Agreement, and nothing herein shall be deemed
      inconsistent with that meaning.

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    ASSIGNMENT

     

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

     

    
      	 
	 

    

    (Please
      print or typewrite name and address including postal zip code of
      assignee)

     

    the
      Percentage Interest evidenced by the within Certificate and hereby authorizes
      the transfer of registration of such Percentage Interest to assignee on the
      Certificate Register of the Trust.

     

    I
      (We)
      further direct the Trustee to issue a new Certificate of a like denomination
      and
      Class, to the above named assignee and deliver such Certificate to the following
      address:

    
      	 

    

    

     

    Dated:_________________

     

    

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    DISTRIBUTION
      INSTRUCTIONS

     

    The
      assignee should include the following for purposes of distribution:

     

    
      	
              Distributions
                shall be made, by wire transfer or otherwise, in immediately available
                

            
	
              funds
                to

            	 
	 
	
              for
                the account of

            	 
	
              account
                number

            	 	
              or,
                if mailed by check, to

            
	 
	
              Applicable
                statements should be mailed to

            	 
	 
	 
	
              This
                information is provided by

            	 
	
              assignee
                named above, or

            	 
	
              its
                agent.

            	 

    

    

     

    

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    EXHIBIT
      A-4

     

    FORM
      OF
      CLASS II-A3 CERTIFICATE

     

    UNLESS
      THIS CERTIFICATE IS PRESENTED BY AN AUTHORIZED REPRESENTATIVE OF THE DEPOSITORY
      TRUST COMPANY, A NEW YORK CORPORATION (“DTC”), TO THE TRUSTEE 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.

     

    SOLELY
      FOR U.S. FEDERAL INCOME TAX PURPOSES, THIS CERTIFICATE IS A “REGULAR INTEREST”
IN A “REAL ESTATE MORTGAGE INVESTMENT CONDUIT,” AS THOSE TERMS ARE DEFINED,
      RESPECTIVELY, IN SECTIONS 860G AND 860D OF THE INTERNAL REVENUE CODE OF 1986,
      AS
      AMENDED (THE “CODE”).

     

    PRIOR
      TO
      THE TERMINATION OF THE SUPPLEMENTAL INTEREST TRUST, ANY TRANSFEREE OF THIS
      CERTIFICATE WHO IS AN EMPLOYEE BENEFIT PLAN OR OTHER RETIREMENT ARRANGEMENT
      (EACH A “PLAN”) SUBJECT TO THE EMPLOYEE RETIREMENT INCOME SECURITY ACT OF 1974,
      AS AMENDED (“ERISA”), SHALL BE DEEMED TO HAVE MADE THE REPRESENTATION SET FORTH
      IN SECTION 5.02(d)
      OF THE
      AGREEMENT.

     

    

    
      	
              Certificate
                No.

            	
              :

            	
              1

            
	
              Cut-off
                Date

            	
              :

            	
              November
                1, 2006

            
	
              First
                Distribution Date

            	
              :

            	
              December
                25, 2006

            
	
              Initial
                Certificate Principal Balance

              of
                this Certificate (“Denomination”)

            	
              :

            	
              $
                175,833,000.00

            
	
              Original
                Class Certificate

              Principal
                Balance of this Class

            	
              :

            	
              $
                175,833,000.00

            
	
              Percentage
                Interest

            	
              :

            	
              100%

            
	
              Pass-Through
                Rate

            	
              :

            	
              Variable

            
	
              CUSIP

            	
              :

            	
              320275
                AD 2

            
	
              Class

            	
              :

            	
              II-A3

            
	
              Assumed
                Maturity Date

            	
              :

            	
              December
                2036

            

    

    

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    First
      Franklin Mortgage Loan Trust 2006-FF16

    Asset-Backed
      Certificates,

    Series
      2006-FF16

    CLASS
      II-A3

     

    evidencing
      the Percentage Interest in the distributions allocable to the Certificates
      of
      the above-referenced Class with respect to the Trust consisting of first lien
      adjustable rate and fixed rate mortgage loans (the “Mortgage
      Loans”)

     

    FINANCIAL
      ASSET SECURITIES CORP., AS DEPOSITOR

     

    Principal
      in respect of this Certificate is distributable monthly as set forth herein.
      Accordingly, the Certificate Principal Balance of this Class II-A3 Certificate
      at any time may be less than the Initial Certificate Principal Balance set
      forth
      on the face hereof, as described herein. This Class II-A3 Certificate does
      not
      evidence an obligation of, or an interest in, and is not guaranteed by the
      Depositor, the Servicer, or the Trustee referred to below or any of their
      respective affiliates.

     

    This
      certifies that Cede & Co. is the registered owner of the Percentage Interest
      evidenced by this Class II-A3 Certificate (obtained by dividing the Denomination
      of this Class II-A3 Certificate by the Original Class Certificate Principal
      Balance) in certain monthly distributions with respect to a Trust consisting
      primarily of the Mortgage Loans deposited by Financial Asset Securities Corp.
      (the “Depositor”). The Trust was created pursuant to a Pooling and Servicing
      Agreement dated as of November 1, 2006 (the “Agreement”) among the Depositor,
      National City Home Loan Services, Inc., as servicer (the “Servicer”), and
      Deutsche Bank National Trust Company, a national banking association, as trustee
      (the “Trustee”). To the extent not defined herein, the capitalized terms used
      herein have the meanings assigned in the Agreement. This Class II-A3 Certificate
      is issued under and is subject to the terms, provisions and conditions of the
      Agreement, to which Agreement the Holder of this Class II-A3 Certificate by
      virtue of the acceptance hereof assents and by which such Holder is
      bound.

     

    Reference
      is hereby made to the further provisions of this Class II-A3 Certificate set
      forth on the reverse hereof, which further provisions shall for all purposes
      have the same effect as if set forth at this place.

     

    This
      Class II-A3 Certificate shall not be entitled to any benefit under the Agreement
      or be valid for any purpose unless manually countersigned by an authorized
      signatory of the Trustee.

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    IN
      WITNESS WHEREOF, the Trustee on behalf of the Trust has caused this Certificate
      to be duly executed.

     

    Dated:
      November __, 2006

     

    
      	
              FIRST
                FRANKLIN MORTGAGE LOAN TRUST 2006-FF16

               

              DEUTSCHE
                BANK NATIONAL TRUST COMPANY, not in its individual capacity, but
                solely as
                Trustee

            
	 	 
	
              By:

            	 

    

    

     

    This
      is
      one of the II-A3 Certificates referenced

    in
      the
      within-mentioned Agreement

    

    

    By:__________________________________________

    Authorized
      Signatory of

    Deutsche
      Bank National Trust Company,

    as
      Trustee

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    [Reverse
      of Class II-A3 Certificate]

     

    First
      Franklin Mortgage Loan Trust 2006-FF16

    Asset-Backed
      Certificates,

    SERIES
      2006-FF16

     

    This
      Certificate is one of a duly authorized issue of Certificates designated as
      First Franklin Mortgage Loan Trust 2006-FF16, Asset-Backed Certificates, Series
      2006-FF16 (herein collectively called the “Certificates”), and representing a
      beneficial ownership interest in the Trust created by the
      Agreement.

     

    The
      Certificateholder, by its acceptance of this Certificate, agrees that it will
      look solely to the funds on deposit in the Distribution Account for payment
      hereunder and that the Trustee is not liable to the Certificateholders for
      any
      amount payable under this Certificate or the Agreement or, except as expressly
      provided in the Agreement, subject to any liability under the
      Agreement.

     

    This
      Certificate does not purport to summarize the Agreement and reference is made
      to
      the Agreement for the interests, rights and limitations of rights, benefits,
      obligations and duties evidenced thereby, and the rights, duties and immunities
      of the Trustee.

     

    Pursuant
      to the terms of the Agreement, a distribution will be made on the 25th day
      of
      each month or, if such 25th day is not a Business Day, then the Business Day
      immediately following such Distribution Date (the “Distribution Date”),
      commencing on the first Distribution Date specified on the face hereof, to
      the
      Person in whose name this Certificate is registered at the close of business
      on
      the applicable Record Date in an amount equal to the product of the Percentage
      Interest evidenced by this Certificate and the amount required to be distributed
      to Holders of Certificates of the Class to which this Certificate belongs on
      such Distribution Date pursuant to the Agreement.

     

    Distributions
      on this Certificate shall be made by check or money order mailed to the address
      of the person entitled thereto as it appears on the Certificate Register or
      by
      wire transfer or otherwise, as set forth in the Agreement. The final
      distribution on each Certificate will be made in like manner, but only upon
      presentment and surrender of such Certificate at the office of the Trustee
      or
      the Trustee’s agent specified in the notice to Certificateholders of such final
      distribution.

     

    The
      Agreement permits, with certain exceptions therein provided, the amendment
      thereof and the modification of the rights and obligations of the Trustee and
      the rights of the Certificateholders under the Agreement at any time by the
      Depositor, the Servicer and the Trustee and of Holders of the requisite
      percentage of the Percentage Interests of each Class of Certificates affected
      by
      such amendment, as specified in the Agreement. Any such consent by the Holder
      of
      this Certificate shall be conclusive and binding on such Holder and upon all
      future Holders of this Certificate and of any Certificate issued upon the
      transfer hereof or in exchange therefor or in lieu hereof whether or not
      notation of such consent is made upon this Certificate. The Agreement also
      permits the amendment thereof, in certain limited circumstances, without the
      consent of the Holders of any of the Certificates.

     

    As
      provided in the Agreement and subject to certain limitations therein set forth,
      the transfer of this Certificate is registrable in the Certificate Register
      of
      the Certificate Registrar upon surrender of this Certificate for registration
      of
      transfer at the offices or agencies of the Trustee as provided in the Pooling
      and Servicing Agreement accompanied by a written instrument of transfer in
      form
      satisfactory to the Trustee and the Certificate Registrar duly executed by
      the
      holder hereof or such holder’s attorney duly authorized in writing, and
      thereupon one or more new Certificates of the same Class in authorized
      denominations and evidencing the same aggregate Percentage Interest in the
      Trust
      will be issued to the designated transferee or transferees.

     

    Prior
      to
      the termination of the Supplemental Interest Trust, any transferee of this
      Certificate who is a Plan subject to ERISA or Section 4975 of the Code, any
      Person acting, directly or indirectly, on behalf of any such Plan or any person
      using Plan Assets to acquire this Certificate shall be deemed to have made
      the
      representation made except in accordance with Section 5.02(d) of the
      Agreement.

     

    The
      Certificates are issuable only as registered Certificates without coupons in
      denominations specified in the Agreement. As provided in the Agreement and
      subject to certain limitations therein set forth, Certificates are exchangeable
      for new Certificates of the same Class in authorized denominations and
      evidencing the same aggregate Percentage Interest, as requested by the Holder
      surrendering the same.

     

    No
      service charge will be made for any such registration of transfer or exchange,
      but the Trustee may require payment of a sum sufficient to cover any tax or
      other governmental charge payable in connection therewith.

     

    The
      Depositor, the Servicer and the Trustee and any agent of the Depositor, the
      Servicer or the Trustee 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 Servicer or any such agent shall be affected by any notice to
      the
      contrary.

     

    On
      any
      Distribution Date following the date at which the remaining aggregate Principal
      Balance of the Mortgage Loans is less than 10% of the Principal Balance of
      the
      Original Mortgage Loans as of the Cut-off Date the Servicer may purchase, in
      whole, from the Trust the Mortgage Loans at a purchase price determined as
      provided in the Agreement. In the event that no such optional termination
      occurs, the obligations and responsibilities created by the Agreement will
      terminate upon notice to the Trustee upon the earliest of (i) the Distribution
      Date on which the Certificate Principal Balances of the Regular Certificates
      have been reduced to zero, (ii) the final payment or other liquidation of the
      last Mortgage Loan in the Trust, (iii) the optional purchase by the Servicer
      of
      the Mortgage Loans as described in the Agreement and (iv) the Distribution
      Date
      in December 2036.

     

    Capitalized
      terms used herein that are defined in the Agreement shall have the meanings
      ascribed to them in the Agreement, and nothing herein shall be deemed
      inconsistent with that meaning.

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    ASSIGNMENT

     

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

     

    
      	 
	 

    

    (Please
      print or typewrite name and address including postal zip code of
      assignee)

     

    the
      Percentage Interest evidenced by the within Certificate and hereby authorizes
      the transfer of registration of such Percentage Interest to assignee on the
      Certificate Register of the Trust.

     

    I
      (We)
      further direct the Trustee to issue a new Certificate of a like denomination
      and
      Class, to the above named assignee and deliver such Certificate to the following
      address:

    
      	 

    

    

     

    Dated:_________________

     

    

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    DISTRIBUTION
      INSTRUCTIONS

     

    The
      assignee should include the following for purposes of distribution:

     

    
      	
              Distributions
                shall be made, by wire transfer or otherwise, in immediately available
                

            
	
              funds
                to

            	 
	 
	
              for
                the account of

            	 
	
              account
                number

            	 	
              or,
                if mailed by check, to

            
	 
	
              Applicable
                statements should be mailed to

            	 
	 
	 
	
              This
                information is provided by

            	 
	
              assignee
                named above, or

            	 
	
              its
                agent.

            	 

    

    

     

    

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    EXHIBIT
      A-5

     

    FORM
      OF
      CLASS II-A4 CERTIFICATE

     

    UNLESS
      THIS CERTIFICATE IS PRESENTED BY AN AUTHORIZED REPRESENTATIVE OF THE DEPOSITORY
      TRUST COMPANY, A NEW YORK CORPORATION (“DTC”), TO THE TRUSTEE 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.

     

    SOLELY
      FOR U.S. FEDERAL INCOME TAX PURPOSES, THIS CERTIFICATE IS A “REGULAR INTEREST”
IN A “REAL ESTATE MORTGAGE INVESTMENT CONDUIT,” AS THOSE TERMS ARE DEFINED,
      RESPECTIVELY, IN SECTIONS 860G AND 860D OF THE INTERNAL REVENUE CODE OF 1986,
      AS
      AMENDED (THE “CODE”).

     

    PRIOR
      TO
      THE TERMINATION OF THE SUPPLEMENTAL INTEREST TRUST, ANY TRANSFEREE OF THIS
      CERTIFICATE WHO IS AN EMPLOYEE BENEFIT PLAN OR OTHER RETIREMENT ARRANGEMENT
      (EACH A “PLAN”) SUBJECT TO THE EMPLOYEE RETIREMENT INCOME SECURITY ACT OF 1974,
      AS AMENDED (“ERISA”), SHALL BE DEEMED TO HAVE MADE THE REPRESENTATION SET FORTH
      IN SECTION 5.02(d)
      OF THE
      AGREEMENT.

     

    

    
      	
              Certificate
                No.

            	
              :

            	
              1

            
	
              Cut-off
                Date

            	
              :

            	
              November
                1, 2006

            
	
              First
                Distribution Date

            	
              :

            	
              December
                25, 2006

            
	
              Initial
                Certificate Principal Balance

              of
                this Certificate (“Denomination”)

            	
              :

            	
              $
                69,955,000.00

            
	
              Original
                Class Certificate

              Principal
                Balance of this Class

            	
              :

            	
              $
                69,955,000.00

            
	
              Percentage
                Interest

            	
              :

            	
              100%

            
	
              Pass-Through
                Rate

            	
              :

            	
              Variable

            
	
              CUSIP

            	
              :

            	
              320278
                AD
                6

            
	
              Class

            	
              :

            	
              II-A4

            
	
              Assumed
                Maturity Date

            	
              :

            	
              December
                2036

            

    

    

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    First
      Franklin Mortgage Loan Trust 2006-FF16

    Asset-Backed
      Certificates,

    Series
      2006-FF16

    CLASS
      II-A4

     

    evidencing
      the Percentage Interest in the distributions allocable to the Certificates
      of
      the above-referenced Class with respect to the Trust consisting of first lien
      adjustable rate and fixed rate mortgage loans (the “Mortgage
      Loans”)

     

    FINANCIAL
      ASSET SECURITIES CORP., AS DEPOSITOR

     

    Principal
      in respect of this Certificate is distributable monthly as set forth herein.
      Accordingly, the Certificate Principal Balance of this Class II-A4 Certificate
      at any time may be less than the Initial Certificate Principal Balance set
      forth
      on the face hereof, as described herein. This Class II-A4 Certificate does
      not
      evidence an obligation of, or an interest in, and is not guaranteed by the
      Depositor, the Servicer, or the Trustee referred to below or any of their
      respective affiliates.

     

    This
      certifies that Cede & Co. is the registered owner of the Percentage Interest
      evidenced by this Class II-A4 Certificate (obtained by dividing the Denomination
      of this Class II-A4 Certificate by the Original Class Certificate Principal
      Balance) in certain monthly distributions with respect to a Trust consisting
      primarily of the Mortgage Loans deposited by Financial Asset Securities Corp.
      (the “Depositor”). The Trust was created pursuant to a Pooling and Servicing
      Agreement dated as of November 1, 2006 (the “Agreement”) among the Depositor,
      National City Home Loan Services, Inc., as servicer (the “Servicer”), and
      Deutsche Bank National Trust Company, a national banking association, as trustee
      (the “Trustee”). To the extent not defined herein, the capitalized terms used
      herein have the meanings assigned in the Agreement. This Class II-A4 Certificate
      is issued under and is subject to the terms, provisions and conditions of the
      Agreement, to which Agreement the Holder of this Class II-A4 Certificate by
      virtue of the acceptance hereof assents and by which such Holder is
      bound.

     

    Reference
      is hereby made to the further provisions of this Class II-A4 Certificate set
      forth on the reverse hereof, which further provisions shall for all purposes
      have the same effect as if set forth at this place.

     

    This
      Class II-A4 Certificate shall not be entitled to any benefit under the Agreement
      or be valid for any purpose unless manually countersigned by an authorized
      signatory of the Trustee.

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    IN
      WITNESS WHEREOF, the Trustee on behalf of the Trust has caused this Certificate
      to be duly executed.

     

    Dated:
      November __, 2006

     

    
      	
              FIRST
                FRANKLIN MORTGAGE LOAN TRUST 2006-FF16

               

              DEUTSCHE
                BANK NATIONAL TRUST COMPANY, not in its individual capacity, but
                solely as
                Trustee

            
	 	 
	
              By:

            	 

    

    

    This
      is
      one of the II-A4 Certificates referenced

    in
      the
      within-mentioned Agreement

    

    

    By:__________________________________________

    Authorized
      Signatory of

    Deutsche
      Bank National Trust Company,

    as
      Trustee

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    [Reverse
      of Class II-A4 Certificate]

     

    First
      Franklin Mortgage Loan Trust 2006-FF16

    Asset-Backed
      Certificates,

    SERIES
      2006-FF16

     

    This
      Certificate is one of a duly authorized issue of Certificates designated as
      First Franklin Mortgage Loan Trust 2006-FF16, Asset-Backed Certificates, Series
      2006-FF16 (herein collectively called the “Certificates”), and representing a
      beneficial ownership interest in the Trust created by the
      Agreement.

     

    The
      Certificateholder, by its acceptance of this Certificate, agrees that it will
      look solely to the funds on deposit in the Distribution Account for payment
      hereunder and that the Trustee is not liable to the Certificateholders for
      any
      amount payable under this Certificate or the Agreement or, except as expressly
      provided in the Agreement, subject to any liability under the
      Agreement.

     

    This
      Certificate does not purport to summarize the Agreement and reference is made
      to
      the Agreement for the interests, rights and limitations of rights, benefits,
      obligations and duties evidenced thereby, and the rights, duties and immunities
      of the Trustee.

     

    Pursuant
      to the terms of the Agreement, a distribution will be made on the 25th day
      of
      each month or, if such 25th day is not a Business Day, then the Business Day
      immediately following such Distribution Date (the “Distribution Date”),
      commencing on the first Distribution Date specified on the face hereof, to
      the
      Person in whose name this Certificate is registered at the close of business
      on
      the applicable Record Date in an amount equal to the product of the Percentage
      Interest evidenced by this Certificate and the amount required to be distributed
      to Holders of Certificates of the Class to which this Certificate belongs on
      such Distribution Date pursuant to the Agreement.

     

    Distributions
      on this Certificate shall be made by check or money order mailed to the address
      of the person entitled thereto as it appears on the Certificate Register or
      by
      wire transfer or otherwise, as set forth in the Agreement. The final
      distribution on each Certificate will be made in like manner, but only upon
      presentment and surrender of such Certificate at the office of the Trustee
      or
      the Trustee’s agent specified in the notice to Certificateholders of such final
      distribution.

     

    The
      Agreement permits, with certain exceptions therein provided, the amendment
      thereof and the modification of the rights and obligations of the Trustee and
      the rights of the Certificateholders under the Agreement at any time by the
      Depositor, the Servicer and the Trustee and of Holders of the requisite
      percentage of the Percentage Interests of each Class of Certificates affected
      by
      such amendment, as specified in the Agreement. Any such consent by the Holder
      of
      this Certificate shall be conclusive and binding on such Holder and upon all
      future Holders of this Certificate and of any Certificate issued upon the
      transfer hereof or in exchange therefor or in lieu hereof whether or not
      notation of such consent is made upon this Certificate. The Agreement also
      permits the amendment thereof, in certain limited circumstances, without the
      consent of the Holders of any of the Certificates.

     

    As
      provided in the Agreement and subject to certain limitations therein set forth,
      the transfer of this Certificate is registrable in the Certificate Register
      of
      the Certificate Registrar upon surrender of this Certificate for registration
      of
      transfer at the offices or agencies of the Trustee as provided in the Pooling
      and Servicing Agreement accompanied by a written instrument of transfer in
      form
      satisfactory to the Trustee and the Certificate Registrar duly executed by
      the
      holder hereof or such holder’s attorney duly authorized in writing, and
      thereupon one or more new Certificates of the same Class in authorized
      denominations and evidencing the same aggregate Percentage Interest in the
      Trust
      will be issued to the designated transferee or transferees.

     

    Prior
      to
      the termination of the Supplemental Interest Trust, any transferee of this
      Certificate who is a Plan subject to ERISA or Section 4975 of the Code, any
      Person acting, directly or indirectly, on behalf of any such Plan or any person
      using Plan Assets to acquire this Certificate shall be deemed to have made
      the
      representation made except in accordance with Section 5.02(d) of the
      Agreement.

     

    The
      Certificates are issuable only as registered Certificates without coupons in
      denominations specified in the Agreement. As provided in the Agreement and
      subject to certain limitations therein set forth, Certificates are exchangeable
      for new Certificates of the same Class in authorized denominations and
      evidencing the same aggregate Percentage Interest, as requested by the Holder
      surrendering the same.

     

    No
      service charge will be made for any such registration of transfer or exchange,
      but the Trustee may require payment of a sum sufficient to cover any tax or
      other governmental charge payable in connection therewith.

     

    The
      Depositor, the Servicer and the Trustee and any agent of the Depositor, the
      Servicer or the Trustee 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 Servicer or any such agent shall be affected by any notice to
      the
      contrary.

     

    On
      any
      Distribution Date following the date at which the remaining aggregate Principal
      Balance of the Mortgage Loans is less than 10% of the Principal Balance of
      the
      Original Mortgage Loans as of the Cut-off Date, the Servicer may purchase,
      in
      whole, from the Trust the Mortgage Loans at a purchase price determined as
      provided in the Agreement. In the event that no such optional termination
      occurs, the obligations and responsibilities created by the Agreement will
      terminate upon notice to the Trustee upon the earliest of (i) the Distribution
      Date on which the Certificate Principal Balances of the Regular Certificates
      have been reduced to zero, (ii) the final payment or other liquidation of the
      last Mortgage Loan in the Trust, (iii) the optional purchase by the Servicer
      of
      the Mortgage Loans as described in the Agreement and (iv) the Distribution
      Date
      in December 2036.

     

    Capitalized
      terms used herein that are defined in the Agreement shall have the meanings
      ascribed to them in the Agreement, and nothing herein shall be deemed
      inconsistent with that meaning.

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    ASSIGNMENT

     

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

     

    
      	 
	 

    

    (Please
      print or typewrite name and address including postal zip code of
      assignee)

     

    the
      Percentage Interest evidenced by the within Certificate and hereby authorizes
      the transfer of registration of such Percentage Interest to assignee on the
      Certificate Register of the Trust.

     

    I
      (We)
      further direct the Trustee to issue a new Certificate of a like denomination
      and
      Class, to the above named assignee and deliver such Certificate to the following
      address:

    
      	 

    

    

     

    Dated:_________________

     

    

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    DISTRIBUTION
      INSTRUCTIONS

     

    The
      assignee should include the following for purposes of distribution:

     

    
      	
              Distributions
                shall be made, by wire transfer or otherwise, in immediately available
                

            
	
              funds
                to

            	 
	 
	
              for
                the account of

            	 
	
              account
                number

            	 	
              or,
                if mailed by check, to

            
	 
	
              Applicable
                statements should be mailed to

            	 
	 
	 
	
              This
                information is provided by

            	 
	
              assignee
                named above, or

            	 
	
              its
                agent.

            	 

    

    

     

    

    

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    

     

    

    

     

    EXHIBIT
      A-6

     

    FORM
      OF
      CLASS M-1 CERTIFICATE

     

    UNLESS
      THIS CERTIFICATE IS PRESENTED BY AN AUTHORIZED REPRESENTATIVE OF THE DEPOSITORY
      TRUST COMPANY, A NEW YORK CORPORATION (“DTC”), TO THE TRUSTEE 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.

     

    THIS
      CERTIFICATE IS SUBORDINATE TO THE CLASS I-A1 CERTIFICATES, THE CLASS II-A1
      CERTIFICATES, THE CLASS II-A2, THE CLASS II-A3 CERTIFICATES AND THE CLASS II-A4
      CERTIFICATES TO THE EXTENT DESCRIBED IN THE POOLING AND SERVICING AGREEMENT
      REFERRED TO HEREIN.

     

    PRIOR
      TO
      THE TERMINATION OF THE SUPPLEMENTAL INTEREST TRUST, ANY TRANSFEREE OF THIS
      CERTIFICATE WHO IS AN EMPLOYEE BENEFIT PLAN OR OTHER RETIREMENT ARRANGEMENT
      (EACH A “PLAN”) SUBJECT TO THE EMPLOYEE RETIREMENT INCOME SECURITY ACT OF 1974,
      AS AMENDED (“ERISA”), SHALL BE DEEMED TO HAVE MADE THE REPRESENTATION SET FORTH
      IN SECTION 5.02(d)
      OF THE
      AGREEMENT MADE EXCEPT IN COMPLIANCE WITH THE PROCEDURES DESCRIBED
      HEREIN.

     

    SOLELY
      FOR U.S. FEDERAL INCOME TAX PURPOSES, THIS CERTIFICATE IS A “REGULAR INTEREST”
IN A “REAL ESTATE MORTGAGE INVESTMENT CONDUIT,” AS THOSE TERMS ARE DEFINED,
      RESPECTIVELY, IN SECTIONS 860G AND 860D OF THE INTERNAL REVENUE CODE OF 1986,
      AS
      AMENDED (THE “CODE”).

     

    
      	
              Certificate
                No.

            	
              :

            	
              1

            
	
              Cut-off
                Date

            	
              :

            	
              November
                1, 2006

            
	
              First
                Distribution Date

            	
              :

            	
              December
                25, 2006

            
	
              Initial
                Certificate Principal Balance of this Certificate
                (“Denomination”)

            	
              :

            	
              $
                36,721,000.00

            
	
              Original
                Class Certificate Principal Balance of this Class

            	
              :

            	
              $
                36,721,000.00

            
	
              Percentage
                Interest

            	
              :

            	
              100.00%

            
	
              Pass-Through
                Rate

            	
              :

            	
              Variable

            
	
              CUSIP

            	
              :

            	
              320275
                AF 7

            
	
              Class

            	
              :

            	
              M-1

            
	
              Assumed
                Maturity Date

            	
              :

            	
              December
                2036

            

    

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    First
      Franklin Mortgage Loan Trust 2006-FF16

    Asset-Backed
      Certificates,

    Series
      2006-FF16

    CLASS
      M-1

     

    evidencing
      the Percentage Interest in the distributions allocable to the Certificates
      of
      the above-referenced Class with respect to the Trust consisting of first lien
      adjustable rate and fixed rate mortgage loans (the “Mortgage
      Loans”)

     

    FINANCIAL
      ASSET SECURITIES CORP., AS DEPOSITOR

     

    Principal
      in respect of this Certificate is distributable monthly as set forth herein.
      Accordingly, the Certificate Principal Balance of this Class M-1 Certificate
      at
      any time may be less than the Initial Certificate Principal Balance set forth
      on
      the face hereof, as described herein. This Class M-1 Certificate does not
      evidence an obligation of, or an interest in, and is not guaranteed by the
      Depositor, the Servicer, or the Trustee referred to below or any of their
      respective affiliates.

     

    This
      certifies that Cede & Co. is the registered owner of the Percentage Interest
      evidenced by this Class M-1 Certificate (obtained by dividing the Denomination
      of this Class M-1 Certificate by the Original Class Certificate Principal
      Balance) in certain monthly distributions with respect to a Trust consisting
      primarily of the Mortgage Loans deposited by Financial Asset Securities Corp.
      (the “Depositor”). The Trust was created pursuant to a Pooling and Servicing
      Agreement dated as of November 1, 2006 (the “Agreement”) among the Depositor,
      National City Home Loan Services, Inc., as servicer (the “Servicer”), and
      Deutsche Bank National Trust Company, a national banking association, as trustee
      (the “Trustee”). To the extent not defined herein, the capitalized terms used
      herein have the meanings assigned in the Agreement. This Class M-1 Certificate
      is issued under and is subject to the terms, provisions and conditions of the
      Agreement, to which Agreement the Holder of this Class M-1 Certificate by virtue
      of the acceptance hereof assents and by which such Holder is bound.

     

    Prior
      to
      the termination of the Supplemental Interest Trust, any transferee of this
      Certificate who is a Plan subject to ERISA or Section 4975 of the Code, any
      Person acting, directly or indirectly, on behalf of any such Plan or any person
      using Plan Assets to acquire this Certificate shall be deemed to have made
      the
      representation made except in accordance with Section 5.02(d) of the
      Agreement.

     

    Reference
      is hereby made to the further provisions of this Class M-1 Certificate set
      forth
      on the reverse hereof, which further provisions shall for all purposes have
      the
      same effect as if set forth at this place.

     

    This
      Class M-1 Certificate shall not be entitled to any benefit under the Agreement
      or be valid for any purpose unless manually countersigned by an authorized
      signatory of the Trustee.

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    IN
      WITNESS WHEREOF, the Trustee on behalf of the Trust has caused this Certificate
      to be duly executed.

     

    Dated:
      November __, 2006

     

    
      	
              FIRST
                FRANKLIN MORTGAGE LOAN TRUST 2006-FF16

               

              DEUTSCHE
                BANK NATIONAL TRUST COMPANY, not in its individual capacity, but
                solely as
                Trustee

            
	 	 
	
              By:

            	 

    

    

    This
      is
      one of the M-1 Certificates referenced

    in
      the
      within-mentioned Agreement

    

    

    By:__________________________________________

    Authorized
      Signatory of

    Deutsche
      Bank National Trust Company,

    as
      Trustee

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    [Reverse
      of Class M-1 Certificate]

     

    First
      Franklin Mortgage Loan Trust 2006-FF16

    Asset-Backed
      Certificates,

    SERIES
      2006-FF16

     

    This
      Certificate is one of a duly authorized issue of Certificates designated as
      First Franklin Mortgage Loan Trust 2006-FF16, Asset-Backed Certificates, Series
      2006-FF16 herein collectively called the “Certificates”), and representing a
      beneficial ownership interest in the Trust created by the
      Agreement.

     

    The
      Certificateholder, by its acceptance of this Certificate, agrees that it will
      look solely to the funds on deposit in the Distribution Account for payment
      hereunder and that the Trustee is not liable to the Certificateholders for
      any
      amount payable under this Certificate or the Agreement or, except as expressly
      provided in the Agreement, subject to any liability under the
      Agreement.

     

    This
      Certificate does not purport to summarize the Agreement and reference is made
      to
      the Agreement for the interests, rights and limitations of rights, benefits,
      obligations and duties evidenced thereby, and the rights, duties and immunities
      of the Trustee.

     

    Pursuant
      to the terms of the Agreement, a distribution will be made on the 25th day
      of
      each month or, if such 25th day is not a Business Day, then the Business Day
      immediately following such Distribution Date (the “Distribution Date”),
      commencing on the first Distribution Date specified on the face hereof, to
      the
      Person in whose name this Certificate is registered at the close of business
      on
      the applicable Record Date in an amount equal to the product of the Percentage
      Interest evidenced by this Certificate and the amount required to be distributed
      to Holders of Certificates of the Class to which this Certificate belongs on
      such Distribution Date pursuant to the Agreement.

     

    Distributions
      on this Certificate shall be made by check or money order mailed to the address
      of the person entitled thereto as it appears on the Certificate Register or
      by
      wire transfer or otherwise, as set forth in the Agreement. The final
      distribution on each Certificate will be made in like manner, but only upon
      presentment and surrender of such Certificate at the office of the Trustee
      or
      the Trustee’s agent specified in the notice to Certificateholders of such final
      distribution.

     

    The
      Agreement permits, with certain exceptions therein provided, the amendment
      thereof and the modification of the rights and obligations of the Trustee and
      the rights of the Certificateholders under the Agreement at any time by the
      Depositor, the Servicer and the Trustee and of Holders of the requisite
      percentage of the Percentage Interests of each Class of Certificates affected
      by
      such amendment, as specified in the Agreement. Any such consent by the Holder
      of
      this Certificate shall be conclusive and binding on such Holder and upon all
      future Holders of this Certificate and of any Certificate issued upon the
      transfer hereof or in exchange therefor or in lieu hereof whether or not
      notation of such consent is made upon this Certificate. The Agreement also
      permits the amendment thereof, in certain limited circumstances, without the
      consent of the Holders of any of the Certificates.

     

    As
      provided in the Agreement and subject to certain limitations therein set forth,
      the transfer of this Certificate is registrable in the Certificate Register
      of
      the Certificate Registrar upon surrender of this Certificate for registration
      of
      transfer at the offices or agencies of the Trustee as provided in the Pooling
      and Servicing Agreement accompanied by a written instrument of transfer in
      form
      satisfactory to the Trustee and the Certificate Registrar duly executed by
      the
      holder hereof or such holder’s attorney duly authorized in writing, and
      thereupon one or more new Certificates of the same Class in authorized
      denominations and evidencing the same aggregate Percentage Interest in the
      Trust
      will be issued to the designated transferee or transferees.

     

    The
      Certificates are issuable only as registered Certificates without coupons in
      denominations specified in the Agreement. As provided in the Agreement and
      subject to certain limitations therein set forth, Certificates are exchangeable
      for new Certificates of the same Class in authorized denominations and
      evidencing the same aggregate Percentage Interest, as requested by the Holder
      surrendering the same.

     

    No
      service charge will be made for any such registration of transfer or exchange,
      but the Trustee may require payment of a sum sufficient to cover any tax or
      other governmental charge payable in connection therewith.

     

    The
      Depositor, the Servicer and the Trustee and any agent of the Depositor, the
      Servicer or the Trustee 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 Servicer or any such agent shall be affected by any notice to
      the
      contrary.

     

    On
      any
      Distribution Date following the date at which the remaining aggregate Principal
      Balance of the Mortgage Loans is less than 10% of the Principal Balance of
      the
      Original Mortgage Loans as of the Cut-off Date, the Servicer may purchase,
      in
      whole, from the Trust the Mortgage Loans at a purchase price determined as
      provided in the Agreement. In the event that no such optional termination
      occurs, the obligations and responsibilities created by the Agreement will
      terminate upon notice to the Trustee upon the earliest of (i) the Distribution
      Date on which the Certificate Principal Balances of the Regular Certificates
      have been reduced to zero, (ii) the final payment or other liquidation of the
      last Mortgage Loan in the Trust, (iii) the optional purchase by the Servicer
      of
      the Mortgage Loans as described in the Agreement and (iv) the Distribution
      Date
      in December 2036.

     

    Capitalized
      terms used herein that are defined in the Agreement shall have the meanings
      ascribed to them in the Agreement, and nothing herein shall be deemed
      inconsistent with that meaning.

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    ASSIGNMENT

     

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

     

    
      	 
	 

    

    (Please
      print or typewrite name and address including postal zip code of
      assignee)

     

    the
      Percentage Interest evidenced by the within Certificate and hereby authorizes
      the transfer of registration of such Percentage Interest to assignee on the
      Certificate Register of the Trust.

     

    I
      (We)
      further direct the Trustee to issue a new Certificate of a like denomination
      and
      Class, to the above named assignee and deliver such Certificate to the following
      address:

    
      	 

    

    

     

    Dated:_________________

     

    

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    DISTRIBUTION
      INSTRUCTIONS

     

    The
      assignee should include the following for purposes of distribution:

     

    
      	
              Distributions
                shall be made, by wire transfer or otherwise, in immediately available
                

            
	
              funds
                to

            	 
	 
	
              for
                the account of

            	 
	
              account
                number

            	 	
              or,
                if mailed by check, to

            
	 
	
              Applicable
                statements should be mailed to

            	 
	 
	 
	
              This
                information is provided by

            	 
	
              assignee
                named above, or

            	 
	
              its
                agent.

            	 

    

    

    

    EXHIBIT
      A-7

     

    FORM
      OF
      CLASS M-2 CERTIFICATE

     

    UNLESS
      THIS CERTIFICATE IS PRESENTED BY AN AUTHORIZED REPRESENTATIVE OF THE DEPOSITORY
      TRUST COMPANY, A NEW YORK CORPORATION (“DTC”), TO THE TRUSTEE 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.

     

    THIS
      CERTIFICATE IS SUBORDINATE TO THE CLASS
      I-A1 CERTIFICATES, THE CLASS II-A1 CERTIFICATES, THE CLASS II-A2, THE CLASS
      II-A3 CERTIFICATES, THE CLASS II-A4 CERTIFICATES
      AND THE
      CLASS M-1 CERTIFICATES TO THE EXTENT DESCRIBED IN THE POOLING AND SERVICING
      AGREEMENT REFERRED TO HEREIN.

     

    PRIOR
      TO
      THE TERMINATION OF THE SUPPLEMENTAL INTEREST TRUST, ANY TRANSFEREE OF THIS
      CERTIFICATE WHO IS AN EMPLOYEE BENEFIT PLAN OR OTHER RETIREMENT ARRANGEMENT
      (EACH A “PLAN”) SUBJECT TO THE EMPLOYEE RETIREMENT INCOME SECURITY ACT OF 1974,
      AS AMENDED (“ERISA”), SHALL BE DEEMED TO HAVE MADE THE REPRESENTATION SET FORTH
      IN SECTION 5.02(d)
      OF THE
      AGREEMENT MADE EXCEPT IN COMPLIANCE WITH THE PROCEDURES DESCRIBED
      HEREIN.

     

    SOLELY
      FOR U.S. FEDERAL INCOME TAX PURPOSES, THIS CERTIFICATE IS A “REGULAR INTEREST”
IN A “REAL ESTATE MORTGAGE INVESTMENT CONDUIT,” AS THOSE TERMS ARE DEFINED,
      RESPECTIVELY, IN SECTIONS 860G AND 860D OF THE INTERNAL REVENUE CODE OF 1986,
      AS
      AMENDED (THE “CODE”).

     

    
      	
              Certificate
                No.

            	
              :

            	
              1

            
	
              Cut-off
                Date

            	
              :

            	
              November
                1, 2006

            
	
              First
                Distribution Date

            	
              :

            	
              December
                25, 2006

            
	
              Initial
                Certificate Principal Balance of this Certificate
                (“Denomination”)

            	
              :

            	
              $
                32,507,000.00

            
	
              Original
                Class Certificate Principal Balance of this Class

            	
              :

            	
              $
                32,507,000.00

            
	
              Percentage
                Interest

            	
              :

            	
              100.00%

            
	
              Pass-Through
                Rate

            	
              :

            	
              Variable

            
	
              CUSIP

            	
              :

            	
              320275
                AG 5

            
	
              Class

            	
              :

            	
              M-2

            
	
              Assumed
                Maturity Date

            	
              :

            	
              December
                2036

            

    

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    First
      Franklin Mortgage Loan Trust 2006-FF16

    Asset-Backed
      Certificates,

    Series
      2006-FF16

    CLASS
      M-2

     

    evidencing
      the Percentage Interest in the distributions allocable to the Certificates
      of
      the above-referenced Class with respect to the Trust consisting of first lien
      adjustable rate and fixed rate mortgage loans (the “Mortgage
      Loans”)

     

    FINANCIAL
      ASSET SECURITIES CORP., AS DEPOSITOR

     

    Principal
      in respect of this Certificate is distributable monthly as set forth herein.
      Accordingly, the Certificate Principal Balance of this Class M-2 Certificate
      at
      any time may be less than the Initial Certificate Principal Balance set forth
      on
      the face hereof, as described herein. This Class M-2 Certificate does not
      evidence an obligation of, or an interest in, and is not guaranteed by the
      Depositor, the Servicer, or the Trustee referred to below or any of their
      respective affiliates.

     

    This
      certifies that Cede & Co. is the registered owner of the Percentage Interest
      evidenced by this Class M-2 Certificate (obtained by dividing the Denomination
      of this Class M-2 Certificate by the Original Class Certificate Principal
      Balance) in certain monthly distributions with respect to a Trust consisting
      primarily of the Mortgage Loans deposited by Financial Asset Securities Corp.
      (the “Depositor”). The Trust was created pursuant to a Pooling and Servicing
      Agreement dated as of November 1, 2006 (the “Agreement”) among the Depositor,
      National City Home Loan Services, Inc., as servicer (the “Servicer”), and
      Deutsche Bank National Trust Company, a national banking association, as trustee
      (the “Trustee”). To the extent not defined herein, the capitalized terms used
      herein have the meanings assigned in the Agreement. This Class M-2 Certificate
      is issued under and is subject to the terms, provisions and conditions of the
      Agreement, to which Agreement the Holder of this Class M-2 Certificate by virtue
      of the acceptance hereof assents and by which such Holder is bound.

     

    Prior
      to
      the termination of the Supplemental Interest Trust, any transferee of this
      Certificate who is a Plan subject to ERISA or Section 4975 of the Code, any
      Person acting, directly or indirectly, on behalf of any such Plan or any person
      using Plan Assets to acquire this Certificate shall be deemed to have made
      the
      representation made except in accordance with Section 5.02(d) of the
      Agreement.

     

    Reference
      is hereby made to the further provisions of this Class M-2 Certificate set
      forth
      on the reverse hereof, which further provisions shall for all purposes have
      the
      same effect as if set forth at this place.

     

    This
      Class M-2 Certificate shall not be entitled to any benefit under the Agreement
      or be valid for any purpose unless manually countersigned by an authorized
      signatory of the Trustee.

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    IN
      WITNESS WHEREOF, the Trustee on behalf of the Trust has caused this Certificate
      to be duly executed.

     

    Dated:
      November __, 2006

     

    
      	
              FIRST
                FRANKLIN MORTGAGE LOAN TRUST 2006-FF16

               

              DEUTSCHE
                BANK NATIONAL TRUST COMPANY, not in its individual capacity, but
                solely as
                Trustee

            
	 	 
	
              By:

            	 

    

    

    This
      is
      one of the M-2 Certificates referenced

    in
      the
      within-mentioned Agreement

    

    

    By:__________________________________________

    Authorized
      Signatory of

    Deutsche
      Bank National Trust Company,

    as
      Trustee

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    [Reverse
      of Class M-2 Certificate]

     

    First
      Franklin Mortgage Loan Trust 2006-FF16

    Asset-Backed
      Certificates,

    SERIES
      2006-FF16

     

    This
      Certificate is one of a duly authorized issue of Certificates designated as
      First Franklin Mortgage Loan Trust 2006-FF16, Asset-Backed Certificates, Series
      2006-FF16 herein collectively called the “Certificates”), and representing a
      beneficial ownership interest in the Trust created by the
      Agreement.

     

    The
      Certificateholder, by its acceptance of this Certificate, agrees that it will
      look solely to the funds on deposit in the Distribution Account for payment
      hereunder and that the Trustee is not liable to the Certificateholders for
      any
      amount payable under this Certificate or the Agreement or, except as expressly
      provided in the Agreement, subject to any liability under the
      Agreement.

     

    This
      Certificate does not purport to summarize the Agreement and reference is made
      to
      the Agreement for the interests, rights and limitations of rights, benefits,
      obligations and duties evidenced thereby, and the rights, duties and immunities
      of the Trustee.

     

    Pursuant
      to the terms of the Agreement, a distribution will be made on the 25th day
      of
      each month or, if such 25th day is not a Business Day, then the Business Day
      immediately following such Distribution Date (the “Distribution Date”),
      commencing on the first Distribution Date specified on the face hereof, to
      the
      Person in whose name this Certificate is registered at the close of business
      on
      the applicable Record Date in an amount equal to the product of the Percentage
      Interest evidenced by this Certificate and the amount required to be distributed
      to Holders of Certificates of the Class to which this Certificate belongs on
      such Distribution Date pursuant to the Agreement.

     

    Distributions
      on this Certificate shall be made by check or money order mailed to the address
      of the person entitled thereto as it appears on the Certificate Register or
      by
      wire transfer or otherwise, as set forth in the Agreement. The final
      distribution on each Certificate will be made in like manner, but only upon
      presentment and surrender of such Certificate at the office of the Trustee
      or
      the Trustee’s agent specified in the notice to Certificateholders of such final
      distribution.

     

    The
      Agreement permits, with certain exceptions therein provided, the amendment
      thereof and the modification of the rights and obligations of the Trustee and
      the rights of the Certificateholders under the Agreement at any time by the
      Depositor, the Servicer and the Trustee and of Holders of the requisite
      percentage of the Percentage Interests of each Class of Certificates affected
      by
      such amendment, as specified in the Agreement. Any such consent by the Holder
      of
      this Certificate shall be conclusive and binding on such Holder and upon all
      future Holders of this Certificate and of any Certificate issued upon the
      transfer hereof or in exchange therefor or in lieu hereof whether or not
      notation of such consent is made upon this Certificate. The Agreement also
      permits the amendment thereof, in certain limited circumstances, without the
      consent of the Holders of any of the Certificates.

     

    As
      provided in the Agreement and subject to certain limitations therein set forth,
      the transfer of this Certificate is registrable in the Certificate Register
      of
      the Certificate Registrar upon surrender of this Certificate for registration
      of
      transfer at the offices or agencies of the Trustee as provided in the Pooling
      and Servicing Agreement accompanied by a written instrument of transfer in
      form
      satisfactory to the Trustee and the Certificate Registrar duly executed by
      the
      holder hereof or such holder’s attorney duly authorized in writing, and
      thereupon one or more new Certificates of the same Class in authorized
      denominations and evidencing the same aggregate Percentage Interest in the
      Trust
      will be issued to the designated transferee or transferees.

     

    The
      Certificates are issuable only as registered Certificates without coupons in
      denominations specified in the Agreement. As provided in the Agreement and
      subject to certain limitations therein set forth, Certificates are exchangeable
      for new Certificates of the same Class in authorized denominations and
      evidencing the same aggregate Percentage Interest, as requested by the Holder
      surrendering the same.

     

    No
      service charge will be made for any such registration of transfer or exchange,
      but the Trustee may require payment of a sum sufficient to cover any tax or
      other governmental charge payable in connection therewith.

     

    The
      Depositor, the Servicer and the Trustee and any agent of the Depositor, the
      Servicer or the Trustee 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 Servicer or any such agent shall be affected by any notice to
      the
      contrary.

     

    On
      any
      Distribution Date following the date at which the remaining aggregate Principal
      Balance of the Mortgage Loans is less than 10% of the Principal Balance of
      the
      Original Mortgage Loans as of the Cut-off Date, the Servicer may purchase,
      in
      whole, from the Trust the Mortgage Loans at a purchase price determined as
      provided in the Agreement. In the event that no such optional termination
      occurs, the obligations and responsibilities created by the Agreement will
      terminate upon notice to the Trustee upon the earliest of (i) the Distribution
      Date on which the Certificate Principal Balances of the Regular Certificates
      have been reduced to zero, (ii) the final payment or other liquidation of the
      last Mortgage Loan in the Trust, (iii) the optional purchase by the Servicer
      of
      the Mortgage Loans as described in the Agreement and (iv) the Distribution
      Date
      in December 2036.

     

    Capitalized
      terms used herein that are defined in the Agreement shall have the meanings
      ascribed to them in the Agreement, and nothing herein shall be deemed
      inconsistent with that meaning.

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    ASSIGNMENT

     

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

     

    
      	 
	 

    

    (Please
      print or typewrite name and address including postal zip code of
      assignee)

     

    the
      Percentage Interest evidenced by the within Certificate and hereby authorizes
      the transfer of registration of such Percentage Interest to assignee on the
      Certificate Register of the Trust.

     

    I
      (We)
      further direct the Trustee to issue a new Certificate of a like denomination
      and
      Class, to the above named assignee and deliver such Certificate to the following
      address:

    
      	 

    

    

     

    Dated:_________________

     

    

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    DISTRIBUTION
      INSTRUCTIONS

     

    The
      assignee should include the following for purposes of distribution:

     

    
      	
              Distributions
                shall be made, by wire transfer or otherwise, in immediately available
                

            
	
              funds
                to

            	 
	 
	
              for
                the account of

            	 
	
              account
                number

            	 	
              or,
                if mailed by check, to

            
	 
	
              Applicable
                statements should be mailed to

            	 
	 
	 
	
              This
                information is provided by

            	 
	
              assignee
                named above, or

            	 
	
              its
                agent.

            	 

    

    

    

     

    EXHIBIT
      A-8

     

    FORM
      OF
      CLASS M-3 CERTIFICATE

     

    UNLESS
      THIS CERTIFICATE IS PRESENTED BY AN AUTHORIZED REPRESENTATIVE OF THE DEPOSITORY
      TRUST COMPANY, A NEW YORK CORPORATION (“DTC”), TO THE TRUSTEE 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.

     

    THIS
      CERTIFICATE IS SUBORDINATE TO THE CLASS I-A1 CERTIFICATES, THE CLASS II-A1
      CERTIFICATES, THE CLASS II-A2, THE CLASS II-A3 CERTIFICATES, THE CLASS II-A4
      CERTIFICATES, THE CLASS M-1 CERTIFICATES AND THE CLASS M-2 CERTIFICATES TO
      THE
      EXTENT DESCRIBED IN THE POOLING AND SERVICING AGREEMENT REFERRED TO
      HEREIN.

     

    PRIOR
      TO
      THE TERMINATION OF THE SUPPLEMENTAL INTEREST TRUST, ANY TRANSFEREE OF THIS
      CERTIFICATE WHO IS AN EMPLOYEE BENEFIT PLAN OR OTHER RETIREMENT ARRANGEMENT
      (EACH A “PLAN”) SUBJECT TO THE EMPLOYEE RETIREMENT INCOME SECURITY ACT OF 1974,
      AS AMENDED (“ERISA”), SHALL BE DEEMED TO HAVE MADE THE REPRESENTATION SET FORTH
      IN SECTION 5.02(d)
      OF THE
      AGREEMENT MADE EXCEPT IN COMPLIANCE WITH THE PROCEDURES DESCRIBED
      HEREIN.

     

    SOLELY
      FOR U.S. FEDERAL INCOME TAX PURPOSES, THIS CERTIFICATE IS A “REGULAR INTEREST”
IN A “REAL ESTATE MORTGAGE INVESTMENT CONDUIT,” AS THOSE TERMS ARE DEFINED,
      RESPECTIVELY, IN SECTIONS 860G AND 860D OF THE INTERNAL REVENUE CODE OF 1986,
      AS
      AMENDED (THE “CODE”).

     

    
      	
              Certificate
                No.

            	
              :

            	
              1

            
	
              Cut-off
                Date

            	
              :

            	
              November
                1, 2006

            
	
              First
                Distribution Date

            	
              :

            	
              December
                25, 2006

            
	
              Initial
                Certificate Principal Balance of this Certificate
                (“Denomination”)

            	
              :

            	
              $
                19,865,000.00

            
	
              Original
                Class Certificate Principal Balance of this Class

            	
              :

            	
              $
                19,865,000.00

            
	
              Percentage
                Interest

            	
              :

            	
              100.00%

            
	
              Pass-Through
                Rate

            	
              :

            	
              Variable

            
	
              CUSIP

            	
              :

            	
              320275
                AH 3

            
	
              Class

            	
              :

            	
              M-3

            
	
              Assumed
                Maturity Date

            	
              :

            	
              December
                2036

            

    

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    First
      Franklin Mortgage Loan Trust 2006-FF16

    Asset-Backed
      Certificates,

    Series
      2006-FF16

    CLASS
      M-3

     

    evidencing
      the Percentage Interest in the distributions allocable to the Certificates
      of
      the above-referenced Class with respect to the Trust consisting of first lien
      adjustable rate and fixed rate mortgage loans (the “Mortgage
      Loans”)

     

    FINANCIAL
      ASSET SECURITIES CORP., AS DEPOSITOR

     

    Principal
      in respect of this Certificate is distributable monthly as set forth herein.
      Accordingly, the Certificate Principal Balance of this Class M-3 Certificate
      at
      any time may be less than the Initial Certificate Principal Balance set forth
      on
      the face hereof, as described herein. This Class M-3 Certificate does not
      evidence an obligation of, or an interest in, and is not guaranteed by the
      Depositor, the Servicer, or the Trustee referred to below or any of their
      respective affiliates.

     

    This
      certifies that Cede & Co. is the registered owner of the Percentage Interest
      evidenced by this Class M-3 Certificate (obtained by dividing the Denomination
      of this Class M-3 Certificate by the Original Class Certificate Principal
      Balance) in certain monthly distributions with respect to a Trust consisting
      primarily of the Mortgage Loans deposited by Financial Asset Securities Corp.
      (the “Depositor”). The Trust was created pursuant to a Pooling and Servicing
      Agreement dated as of November 1, 2006 (the “Agreement”) among the Depositor,
      National City Home Loan Services, Inc., as servicer (the “Servicer”), and
      Deutsche Bank National Trust Company, a national banking association, as trustee
      (the “Trustee”). To the extent not defined herein, the capitalized terms used
      herein have the meanings assigned in the Agreement. This Class M-3 Certificate
      is issued under and is subject to the terms, provisions and conditions of the
      Agreement, to which Agreement the Holder of this Class M-3 Certificate by virtue
      of the acceptance hereof assents and by which such Holder is bound.

     

    Prior
      to
      the termination of the Supplemental Interest Trust, any transferee of this
      Certificate who is a Plan subject to ERISA or Section 4975 of the Code, any
      Person acting, directly or indirectly, on behalf of any such Plan or any person
      using Plan Assets to acquire this Certificate shall be deemed to have made
      the
      representation made except in accordance with Section 5.02(d) of the
      Agreement.

     

    Reference
      is hereby made to the further provisions of this Class M-3 Certificate set
      forth
      on the reverse hereof, which further provisions shall for all purposes have
      the
      same effect as if set forth at this place.

     

    This
      Class M-3 Certificate shall not be entitled to any benefit under the Agreement
      or be valid for any purpose unless manually countersigned by an authorized
      signatory of the Trustee.

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    IN
      WITNESS WHEREOF, the Trustee on behalf of the Trust has caused this Certificate
      to be duly executed.

     

    Dated:
      November __, 2006

     

    
      	
              FIRST
                FRANKLIN MORTGAGE LOAN TRUST 2006-FF16

               

              DEUTSCHE
                BANK NATIONAL TRUST COMPANY, not in its individual capacity, but
                solely as
                Trustee

            
	 	 
	
              By:

            	 

    

    

    This
      is
      one of the M-3 Certificates referenced

    in
      the
      within-mentioned Agreement

    

    

    By:__________________________________________

    Authorized
      Signatory of

    Deutsche
      Bank National Trust Company,

    as
      Trustee

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    [Reverse
      of Class M-3 Certificate]

     

    First
      Franklin Mortgage Loan Trust 2006-FF16

    Asset-Backed
      Certificates,

    SERIES
      2006-FF16

     

    This
      Certificate is one of a duly authorized issue of Certificates designated as
      First Franklin Mortgage Loan Trust 2006-FF16, Asset-Backed Certificates, Series
      2006-FF16 herein collectively called the “Certificates”), and representing a
      beneficial ownership interest in the Trust created by the
      Agreement.

     

    The
      Certificateholder, by its acceptance of this Certificate, agrees that it will
      look solely to the funds on deposit in the Distribution Account for payment
      hereunder and that the Trustee is not liable to the Certificateholders for
      any
      amount payable under this Certificate or the Agreement or, except as expressly
      provided in the Agreement, subject to any liability under the
      Agreement.

     

    This
      Certificate does not purport to summarize the Agreement and reference is made
      to
      the Agreement for the interests, rights and limitations of rights, benefits,
      obligations and duties evidenced thereby, and the rights, duties and immunities
      of the Trustee.

     

    Pursuant
      to the terms of the Agreement, a distribution will be made on the 25th day
      of
      each month or, if such 25th day is not a Business Day, then the Business Day
      immediately following such Distribution Date (the “Distribution Date”),
      commencing on the first Distribution Date specified on the face hereof, to
      the
      Person in whose name this Certificate is registered at the close of business
      on
      the applicable Record Date in an amount equal to the product of the Percentage
      Interest evidenced by this Certificate and the amount required to be distributed
      to Holders of Certificates of the Class to which this Certificate belongs on
      such Distribution Date pursuant to the Agreement.

     

    Distributions
      on this Certificate shall be made by check or money order mailed to the address
      of the person entitled thereto as it appears on the Certificate Register or
      by
      wire transfer or otherwise, as set forth in the Agreement. The final
      distribution on each Certificate will be made in like manner, but only upon
      presentment and surrender of such Certificate at the office of the Trustee
      or
      the Trustee’s agent specified in the notice to Certificateholders of such final
      distribution.

     

    The
      Agreement permits, with certain exceptions therein provided, the amendment
      thereof and the modification of the rights and obligations of the Trustee and
      the rights of the Certificateholders under the Agreement at any time by the
      Depositor, the Servicer and the Trustee and of Holders of the requisite
      percentage of the Percentage Interests of each Class of Certificates affected
      by
      such amendment, as specified in the Agreement. Any such consent by the Holder
      of
      this Certificate shall be conclusive and binding on such Holder and upon all
      future Holders of this Certificate and of any Certificate issued upon the
      transfer hereof or in exchange therefor or in lieu hereof whether or not
      notation of such consent is made upon this Certificate. The Agreement also
      permits the amendment thereof, in certain limited circumstances, without the
      consent of the Holders of any of the Certificates.

     

    As
      provided in the Agreement and subject to certain limitations therein set forth,
      the transfer of this Certificate is registrable in the Certificate Register
      of
      the Certificate Registrar upon surrender of this Certificate for registration
      of
      transfer at the offices or agencies of the Trustee as provided in the Pooling
      and Servicing Agreement accompanied by a written instrument of transfer in
      form
      satisfactory to the Trustee and the Certificate Registrar duly executed by
      the
      holder hereof or such holder’s attorney duly authorized in writing, and
      thereupon one or more new Certificates of the same Class in authorized
      denominations and evidencing the same aggregate Percentage Interest in the
      Trust
      will be issued to the designated transferee or transferees.

     

    The
      Certificates are issuable only as registered Certificates without coupons in
      denominations specified in the Agreement. As provided in the Agreement and
      subject to certain limitations therein set forth, Certificates are exchangeable
      for new Certificates of the same Class in authorized denominations and
      evidencing the same aggregate Percentage Interest, as requested by the Holder
      surrendering the same.

     

    No
      service charge will be made for any such registration of transfer or exchange,
      but the Trustee may require payment of a sum sufficient to cover any tax or
      other governmental charge payable in connection therewith.

     

    The
      Depositor, the Servicer and the Trustee and any agent of the Depositor, the
      Servicer or the Trustee 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 Servicer or any such agent shall be affected by any notice to
      the
      contrary.

     

    On
      any
      Distribution Date following the date at which the remaining aggregate Principal
      Balance of the Mortgage Loans is less than 10% of the Principal Balance of
      the
      Original Mortgage Loans as of the Cut-off Date the Servicer may purchase, in
      whole, from the Trust the Mortgage Loans at a purchase price determined as
      provided in the Agreement. In the event that no such optional termination
      occurs, the obligations and responsibilities created by the Agreement will
      terminate upon notice to the Trustee upon the earliest of (i) the Distribution
      Date on which the Certificate Principal Balances of the Regular Certificates
      have been reduced to zero, (ii) the final payment or other liquidation of the
      last Mortgage Loan in the Trust, (iii) the optional purchase by the Servicer
      of
      the Mortgage Loans as described in the Agreement and (iv) the Distribution
      Date
      in December 2036.

     

    Capitalized
      terms used herein that are defined in the Agreement shall have the meanings
      ascribed to them in the Agreement, and nothing herein shall be deemed
      inconsistent with that meaning.

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    ASSIGNMENT

     

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

     

    
      	 
	 

    

    (Please
      print or typewrite name and address including postal zip code of
      assignee)

     

    the
      Percentage Interest evidenced by the within Certificate and hereby authorizes
      the transfer of registration of such Percentage Interest to assignee on the
      Certificate Register of the Trust.

     

    I
      (We)
      further direct the Trustee to issue a new Certificate of a like denomination
      and
      Class, to the above named assignee and deliver such Certificate to the following
      address:

    
      	 

    

    

     

    Dated:_________________

     

    

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    DISTRIBUTION
      INSTRUCTIONS

     

    The
      assignee should include the following for purposes of distribution:

     

    
      	
              Distributions
                shall be made, by wire transfer or otherwise, in immediately available
                

            
	
              funds
                to

            	 
	 
	
              for
                the account of

            	 
	
              account
                number

            	 	
              or,
                if mailed by check, to

            
	 
	
              Applicable
                statements should be mailed to

            	 
	 
	 
	
              This
                information is provided by

            	 
	
              assignee
                named above, or

            	 
	
              its
                agent.

            	 

    

    

    

     

    EXHIBIT
      A-9

     

    FORM
      OF
      CLASS M-4 CERTIFICATE

     

    UNLESS
      THIS CERTIFICATE IS PRESENTED BY AN AUTHORIZED REPRESENTATIVE OF THE DEPOSITORY
      TRUST COMPANY, A NEW YORK CORPORATION (“DTC”), TO THE TRUSTEE 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.

     

    THIS
      CERTIFICATE IS SUBORDINATE TO THE CLASS I-A1 CERTIFICATES, THE CLASS II-A1
      CERTIFICATES, THE CLASS II-A2, THE CLASS II-A3 CERTIFICATES, THE CLASS II-A4
      CERTIFICATES, THE CLASS M-1 CERTIFICATES, THE CLASS M-2 CERTIFICATES AND THE
      CLASS M-3 CERTIFICATES TO THE EXTENT DESCRIBED IN THE POOLING AND SERVICING
      AGREEMENT REFERRED TO HEREIN.

     

    PRIOR
      TO
      THE TERMINATION OF THE SUPPLEMENTAL INTEREST TRUST, ANY TRANSFEREE OF THIS
      CERTIFICATE WHO IS AN EMPLOYEE BENEFIT PLAN OR OTHER RETIREMENT ARRANGEMENT
      (EACH A “PLAN”) SUBJECT TO THE EMPLOYEE RETIREMENT INCOME SECURITY ACT OF 1974,
      AS AMENDED (“ERISA”), SHALL BE DEEMED TO HAVE MADE THE REPRESENTATION SET FORTH
      IN SECTION 5.02(d)
      OF THE
      AGREEMENT MADE EXCEPT IN COMPLIANCE WITH THE PROCEDURES DESCRIBED
      HEREIN.

     

    SOLELY
      FOR U.S. FEDERAL INCOME TAX PURPOSES, THIS CERTIFICATE IS A “REGULAR INTEREST”
IN A “REAL ESTATE MORTGAGE INVESTMENT CONDUIT,” AS THOSE TERMS ARE DEFINED,
      RESPECTIVELY, IN SECTIONS 860G AND 860D OF THE INTERNAL REVENUE CODE OF 1986,
      AS
      AMENDED (THE “CODE”).

     

    

    
      	
              Certificate
                No.

            	
              :

            	
              1

            
	
              Cut-off
                Date

            	
              :

            	
              November
                1, 2006

            
	
              First
                Distribution Date

            	
              :

            	
              December
                25, 2006

            
	
              Initial
                Certificate Principal Balance of this Certificate
                (“Denomination”)

            	
              :

            	
              $
                17,457,000.00

            
	
              Original
                Class Certificate Principal Balance of this Class

            	
              :

            	
              $
                17,457,000.00

            
	
              Percentage
                Interest

            	
              :

            	
              100.00%

            
	
              Pass-Through
                Rate

            	
              :

            	
              Variable

            
	
              CUSIP

            	
              :

            	
              320275
                AJ 9

            
	
              Class

            	
              :

            	
              M-4

            
	
              Assumed
                Maturity Date

            	
              :

            	
              December
                2036

            

    

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    First
      Franklin Mortgage Loan Trust 2006-FF16

    Asset-Backed
      Certificates,

    Series
      2006-FF16

    CLASS
      M-4

     

    evidencing
      the Percentage Interest in the distributions allocable to the Certificates
      of
      the above-referenced Class with respect to the Trust consisting of first lien
      adjustable rate and fixed rate mortgage loans (the “Mortgage
      Loans”)

     

    FINANCIAL
      ASSET SECURITIES CORP., AS DEPOSITOR

     

    Principal
      in respect of this Certificate is distributable monthly as set forth herein.
      Accordingly, the Certificate Principal Balance of this Class M-4 Certificate
      at
      any time may be less than the Initial Certificate Principal Balance set forth
      on
      the face hereof, as described herein. This Class M-4 Certificate does not
      evidence an obligation of, or an interest in, and is not guaranteed by the
      Depositor, the Servicer, or the Trustee referred to below or any of their
      respective affiliates.

     

    This
      certifies that Cede & Co. is the registered owner of the Percentage Interest
      evidenced by this Class M-4 Certificate (obtained by dividing the Denomination
      of this Class M-4 Certificate by the Original Class Certificate Principal
      Balance) in certain monthly distributions with respect to a Trust consisting
      primarily of the Mortgage Loans deposited by Financial Asset Securities Corp.
      (the “Depositor”). The Trust was created pursuant to a Pooling and Servicing
      Agreement dated as of November 1, 2006 (the “Agreement”) among the Depositor,
      National City Home Loan Services, Inc., as servicer (the “Servicer”), and
      Deutsche Bank National Trust Company, a national banking association, as trustee
      (the “Trustee”). To the extent not defined herein, the capitalized terms used
      herein have the meanings assigned in the Agreement. This Class M-4 Certificate
      is issued under and is subject to the terms, provisions and conditions of the
      Agreement, to which Agreement the Holder of this Class M-4 Certificate by virtue
      of the acceptance hereof assents and by which such Holder is bound.

     

    Prior
      to
      the termination of the Supplemental Interest Trust, any transferee of this
      Certificate who is a Plan subject to ERISA or Section 4975 of the Code, any
      Person acting, directly or indirectly, on behalf of any such Plan or any person
      using Plan Assets to acquire this Certificate shall be deemed to have made
      the
      representation made except in accordance with Section 5.02(d) of the
      Agreement.

     

    Reference
      is hereby made to the further provisions of this Class M-4 Certificate set
      forth
      on the reverse hereof, which further provisions shall for all purposes have
      the
      same effect as if set forth at this place.

     

    This
      Class M-4 Certificate shall not be entitled to any benefit under the Agreement
      or be valid for any purpose unless manually countersigned by an authorized
      signatory of the Trustee.

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    IN
      WITNESS WHEREOF, the Trustee on behalf of the Trust has caused this Certificate
      to be duly executed.

     

    Dated:
      November __, 2006

     

    
      	
              FIRST
                FRANKLIN MORTGAGE LOAN TRUST 2006-FF16

               

              DEUTSCHE
                BANK NATIONAL TRUST COMPANY, not in its individual capacity, but
                solely as
                Trustee

            
	 	 
	
              By:

            	 

    

    

    This
      is
      one of the M-4 Certificates referenced

    in
      the
      within-mentioned Agreement

    

    

    By:__________________________________________

    Authorized
      Signatory of

    Deutsche
      Bank National Trust Company,

    as
      Trustee

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    [Reverse
      of Class M-4 Certificate]

     

    First
      Franklin Mortgage Loan Trust 2006-FF16

    Asset-Backed
      Certificates,

    SERIES
      2006-FF16

     

    This
      Certificate is one of a duly authorized issue of Certificates designated as
      First Franklin Mortgage Loan Trust 2006-FF16, Asset-Backed Certificates, Series
      2006-FF16 herein collectively called the “Certificates”), and representing a
      beneficial ownership interest in the Trust created by the
      Agreement.

     

    The
      Certificateholder, by its acceptance of this Certificate, agrees that it will
      look solely to the funds on deposit in the Distribution Account for payment
      hereunder and that the Trustee is not liable to the Certificateholders for
      any
      amount payable under this Certificate or the Agreement or, except as expressly
      provided in the Agreement, subject to any liability under the
      Agreement.

     

    This
      Certificate does not purport to summarize the Agreement and reference is made
      to
      the Agreement for the interests, rights and limitations of rights, benefits,
      obligations and duties evidenced thereby, and the rights, duties and immunities
      of the Trustee.

     

    Pursuant
      to the terms of the Agreement, a distribution will be made on the 25th day
      of
      each month or, if such 25th day is not a Business Day, then the Business Day
      immediately following such Distribution Date (the “Distribution Date”),
      commencing on the first Distribution Date specified on the face hereof, to
      the
      Person in whose name this Certificate is registered at the close of business
      on
      the applicable Record Date in an amount equal to the product of the Percentage
      Interest evidenced by this Certificate and the amount required to be distributed
      to Holders of Certificates of the Class to which this Certificate belongs on
      such Distribution Date pursuant to the Agreement.

     

    Distributions
      on this Certificate shall be made by check or money order mailed to the address
      of the person entitled thereto as it appears on the Certificate Register or
      by
      wire transfer or otherwise, as set forth in the Agreement. The final
      distribution on each Certificate will be made in like manner, but only upon
      presentment and surrender of such Certificate at the office of the Trustee
      or
      the Trustee’s agent specified in the notice to Certificateholders of such final
      distribution.

     

    The
      Agreement permits, with certain exceptions therein provided, the amendment
      thereof and the modification of the rights and obligations of the Trustee and
      the rights of the Certificateholders under the Agreement at any time by the
      Depositor, the Servicer and the Trustee and of Holders of the requisite
      percentage of the Percentage Interests of each Class of Certificates affected
      by
      such amendment, as specified in the Agreement. Any such consent by the Holder
      of
      this Certificate shall be conclusive and binding on such Holder and upon all
      future Holders of this Certificate and of any Certificate issued upon the
      transfer hereof or in exchange therefor or in lieu hereof whether or not
      notation of such consent is made upon this Certificate. The Agreement also
      permits the amendment thereof, in certain limited circumstances, without the
      consent of the Holders of any of the Certificates.

     

    As
      provided in the Agreement and subject to certain limitations therein set forth,
      the transfer of this Certificate is registrable in the Certificate Register
      of
      the Certificate Registrar upon surrender of this Certificate for registration
      of
      transfer at the offices or agencies of the Trustee as provided in the Pooling
      and Servicing Agreement accompanied by a written instrument of transfer in
      form
      satisfactory to the Trustee and the Certificate Registrar duly executed by
      the
      holder hereof or such holder’s attorney duly authorized in writing, and
      thereupon one or more new Certificates of the same Class in authorized
      denominations and evidencing the same aggregate Percentage Interest in the
      Trust
      will be issued to the designated transferee or transferees.

     

    The
      Certificates are issuable only as registered Certificates without coupons in
      denominations specified in the Agreement. As provided in the Agreement and
      subject to certain limitations therein set forth, Certificates are exchangeable
      for new Certificates of the same Class in authorized denominations and
      evidencing the same aggregate Percentage Interest, as requested by the Holder
      surrendering the same.

     

    No
      service charge will be made for any such registration of transfer or exchange,
      but the Trustee may require payment of a sum sufficient to cover any tax or
      other governmental charge payable in connection therewith.

     

    The
      Depositor, the Servicer and the Trustee and any agent of the Depositor, the
      Servicer or the Trustee 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 Servicer or any such agent shall be affected by any notice to
      the
      contrary.

     

    On
      any
      Distribution Date following the date at which the remaining aggregate Principal
      Balance of the Mortgage Loans is less than 10% of the Principal Balance of
      the
      Original Mortgage Loans as of the Cut-off Date, the Servicer may purchase,
      in
      whole, from the Trust the Mortgage Loans at a purchase price determined as
      provided in the Agreement. In the event that no such optional termination
      occurs, the obligations and responsibilities created by the Agreement will
      terminate upon notice to the Trustee upon the earliest of (i) the Distribution
      Date on which the Certificate Principal Balances of the Regular Certificates
      have been reduced to zero, (ii) the final payment or other liquidation of the
      last Mortgage Loan in the Trust, (iii) the optional purchase by the Servicer
      of
      the Mortgage Loans as described in the Agreement and (iv) the Distribution
      Date
      in December 2036.

     

    Capitalized
      terms used herein that are defined in the Agreement shall have the meanings
      ascribed to them in the Agreement, and nothing herein shall be deemed
      inconsistent with that meaning.

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    ASSIGNMENT

     

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

     

    
      	 
	 

    

    (Please
      print or typewrite name and address including postal zip code of
      assignee)

     

    the
      Percentage Interest evidenced by the within Certificate and hereby authorizes
      the transfer of registration of such Percentage Interest to assignee on the
      Certificate Register of the Trust.

     

    I
      (We)
      further direct the Trustee to issue a new Certificate of a like denomination
      and
      Class, to the above named assignee and deliver such Certificate to the following
      address:

    
      	 

    

    

     

    Dated:_________________

     

    

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    DISTRIBUTION
      INSTRUCTIONS

     

    The
      assignee should include the following for purposes of distribution:

     

    
      	
              Distributions
                shall be made, by wire transfer or otherwise, in immediately available
                

            
	
              funds
                to

            	 
	 
	
              for
                the account of

            	 
	
              account
                number

            	 	
              or,
                if mailed by check, to

            
	 
	
              Applicable
                statements should be mailed to

            	 
	 
	 
	
              This
                information is provided by

            	 
	
              assignee
                named above, or

            	 
	
              its
                agent.

            	 

    

    

    

     

    EXHIBIT
      A-10

     

    FORM
      OF
      CLASS M-5 CERTIFICATE

     

    UNLESS
      THIS CERTIFICATE IS PRESENTED BY AN AUTHORIZED REPRESENTATIVE OF THE DEPOSITORY
      TRUST COMPANY, A NEW YORK CORPORATION (“DTC”), TO THE TRUSTEE 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.

     

    THIS
      CERTIFICATE IS SUBORDINATE TO THE CLASS I-A1 CERTIFICATES, THE CLASS II-A1
      CERTIFICATES, THE CLASS II-A2, THE CLASS II-A3 CERTIFICATES, THE CLASS II-A4
      CERTIFICATES, THE CLASS M-1 CERTIFICATES, THE CLASS M-2 CERTIFICATES, THE CLASS
      M-3 CERTIFICATES AND THE CLASS M-4 CERTIFICATES TO THE EXTENT DESCRIBED IN
      THE
      POOLING AND SERVICING AGREEMENT REFERRED TO HEREIN.

     

    PRIOR
      TO
      THE TERMINATION OF THE SUPPLEMENTAL INTEREST TRUST, ANY TRANSFEREE OF THIS
      CERTIFICATE WHO IS AN EMPLOYEE BENEFIT PLAN OR OTHER RETIREMENT ARRANGEMENT
      (EACH A “PLAN”) SUBJECT TO THE EMPLOYEE RETIREMENT INCOME SECURITY ACT OF 1974,
      AS AMENDED (“ERISA”), SHALL BE DEEMED TO HAVE MADE THE REPRESENTATION SET FORTH
      IN SECTION 5.02(d)
      OF THE
      AGREEMENT MADE EXCEPT IN COMPLIANCE WITH THE PROCEDURES DESCRIBED
      HEREIN.

     

    SOLELY
      FOR U.S. FEDERAL INCOME TAX PURPOSES, THIS CERTIFICATE IS A “REGULAR INTEREST”
IN A “REAL ESTATE MORTGAGE INVESTMENT CONDUIT,” AS THOSE TERMS ARE DEFINED,
      RESPECTIVELY, IN SECTIONS 860G AND 860D OF THE INTERNAL REVENUE CODE OF 1986,
      AS
      AMENDED (THE “CODE”).

     

    
      	
              Certificate
                No.

            	
              :

            	
              1

            
	
              Cut-off
                Date

            	
              :

            	
              November
                1, 2006

            
	
              First
                Distribution Date

            	
              :

            	
              December
                25, 2006

            
	
              Initial
                Certificate Principal Balance of this Certificate
                (“Denomination”)

            	
              :

            	
              $
                17,457,000.00

            
	
              Original
                Class Certificate Principal Balance of this Class

            	
              :

            	
              $
                17,457,000.00

            
	
              Percentage
                Interest

            	
              :

            	
              100.00%

            
	
              Pass-Through
                Rate

            	
              :

            	
              Variable

            
	
              CUSIP

            	
              :

            	
              320275
                AK 6

            
	
              Class

            	
              :

            	
              M-5

            
	
              Assumed
                Maturity Date

            	
              :

            	
              December
                2036

            

    

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    First
      Franklin Mortgage Loan Trust 2006-FF16

    Asset-Backed
      Certificates,

    Series
      2006-FF16

    CLASS
      M-5

     

    evidencing
      the Percentage Interest in the distributions allocable to the Certificates
      of
      the above-referenced Class with respect to the Trust consisting of first lien
      adjustable rate and fixed rate mortgage loans (the “Mortgage
      Loans”)

     

    FINANCIAL
      ASSET SECURITIES CORP., AS DEPOSITOR

     

    Principal
      in respect of this Certificate is distributable monthly as set forth herein.
      Accordingly, the Certificate Principal Balance of this Class M-5 Certificate
      at
      any time may be less than the Initial Certificate Principal Balance set forth
      on
      the face hereof, as described herein. This Class M-5 Certificate does not
      evidence an obligation of, or an interest in, and is not guaranteed by the
      Depositor, the Servicer, or the Trustee referred to below or any of their
      respective affiliates.

     

    This
      certifies that Cede & Co. is the registered owner of the Percentage Interest
      evidenced by this Class M-5 Certificate (obtained by dividing the Denomination
      of this Class M-5 Certificate by the Original Class Certificate Principal
      Balance) in certain monthly distributions with respect to a Trust consisting
      primarily of the Mortgage Loans deposited by Financial Asset Securities Corp.
      (the “Depositor”). The Trust was created pursuant to a Pooling and Servicing
      Agreement dated as of November 1, 2006 (the “Agreement”) among the Depositor,
      National City Home Loan Services, Inc., as servicer (the “Servicer”), and
      Deutsche Bank National Trust Company, a national banking association, as trustee
      (the “Trustee”). To the extent not defined herein, the capitalized terms used
      herein have the meanings assigned in the Agreement. This Class M-5 Certificate
      is issued under and is subject to the terms, provisions and conditions of the
      Agreement, to which Agreement the Holder of this Class M-5 Certificate by virtue
      of the acceptance hereof assents and by which such Holder is bound.

     

    Prior
      to
      the termination of the Supplemental Interest Trust, any transferee of this
      Certificate who is a Plan subject to ERISA or Section 4975 of the Code, any
      Person acting, directly or indirectly, on behalf of any such Plan or any person
      using Plan Assets to acquire this Certificate shall be deemed to have made
      the
      representation made except in accordance with Section 5.02(d) of the
      Agreement.

     

    Reference
      is hereby made to the further provisions of this Class M-5 Certificate set
      forth
      on the reverse hereof, which further provisions shall for all purposes have
      the
      same effect as if set forth at this place.

     

    This
      Class M-5 Certificate shall not be entitled to any benefit under the Agreement
      or be valid for any purpose unless manually countersigned by an authorized
      signatory of the Trustee.

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    IN
      WITNESS WHEREOF, the Trustee on behalf of the Trust has caused this Certificate
      to be duly executed.

     

    Dated:
      November __, 2006

     

    
      	
              FIRST
                FRANKLIN MORTGAGE LOAN TRUST 2006-FF16

               

              DEUTSCHE
                BANK NATIONAL TRUST COMPANY, not in its individual capacity, but
                solely as
                Trustee

            
	 	 
	
              By:

            	 

    

    

    This
      is
      one of the M-5 Certificates referenced

    in
      the
      within-mentioned Agreement

    

    

    By:__________________________________________

    Authorized
      Signatory of

    Deutsche
      Bank National Trust Company,

    as
      Trustee

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    [Reverse
      of Class M-5 Certificate]

     

    First
      Franklin Mortgage Loan Trust 2006-FF16

    Asset-Backed
      Certificates,

    SERIES
      2006-FF16

     

    This
      Certificate is one of a duly authorized issue of Certificates designated as
      First Franklin Mortgage Loan Trust 2006-FF16, Asset-Backed Certificates, Series
      2006-FF16 herein collectively called the “Certificates”), and representing a
      beneficial ownership interest in the Trust created by the
      Agreement.

     

    The
      Certificateholder, by its acceptance of this Certificate, agrees that it will
      look solely to the funds on deposit in the Distribution Account for payment
      hereunder and that the Trustee is not liable to the Certificateholders for
      any
      amount payable under this Certificate or the Agreement or, except as expressly
      provided in the Agreement, subject to any liability under the
      Agreement.

     

    This
      Certificate does not purport to summarize the Agreement and reference is made
      to
      the Agreement for the interests, rights and limitations of rights, benefits,
      obligations and duties evidenced thereby, and the rights, duties and immunities
      of the Trustee.

     

    Pursuant
      to the terms of the Agreement, a distribution will be made on the 25th day
      of
      each month or, if such 25th day is not a Business Day, then the Business Day
      immediately following such Distribution Date (the “Distribution Date”),
      commencing on the first Distribution Date specified on the face hereof, to
      the
      Person in whose name this Certificate is registered at the close of business
      on
      the applicable Record Date in an amount equal to the product of the Percentage
      Interest evidenced by this Certificate and the amount required to be distributed
      to Holders of Certificates of the Class to which this Certificate belongs on
      such Distribution Date pursuant to the Agreement.

     

    Distributions
      on this Certificate shall be made by check or money order mailed to the address
      of the person entitled thereto as it appears on the Certificate Register or
      by
      wire transfer or otherwise, as set forth in the Agreement. The final
      distribution on each Certificate will be made in like manner, but only upon
      presentment and surrender of such Certificate at the office of the Trustee
      or
      the Trustee’s agent specified in the notice to Certificateholders of such final
      distribution.

     

    The
      Agreement permits, with certain exceptions therein provided, the amendment
      thereof and the modification of the rights and obligations of the Trustee and
      the rights of the Certificateholders under the Agreement at any time by the
      Depositor, the Servicer and the Trustee and of Holders of the requisite
      percentage of the Percentage Interests of each Class of Certificates affected
      by
      such amendment, as specified in the Agreement. Any such consent by the Holder
      of
      this Certificate shall be conclusive and binding on such Holder and upon all
      future Holders of this Certificate and of any Certificate issued upon the
      transfer hereof or in exchange therefor or in lieu hereof whether or not
      notation of such consent is made upon this Certificate. The Agreement also
      permits the amendment thereof, in certain limited circumstances, without the
      consent of the Holders of any of the Certificates.

     

    As
      provided in the Agreement and subject to certain limitations therein set forth,
      the transfer of this Certificate is registrable in the Certificate Register
      of
      the Certificate Registrar upon surrender of this Certificate for registration
      of
      transfer at the offices or agencies of the Trustee as provided in the Pooling
      and Servicing Agreement accompanied by a written instrument of transfer in
      form
      satisfactory to the Trustee and the Certificate Registrar duly executed by
      the
      holder hereof or such holder’s attorney duly authorized in writing, and
      thereupon one or more new Certificates of the same Class in authorized
      denominations and evidencing the same aggregate Percentage Interest in the
      Trust
      will be issued to the designated transferee or transferees.

     

    The
      Certificates are issuable only as registered Certificates without coupons in
      denominations specified in the Agreement. As provided in the Agreement and
      subject to certain limitations therein set forth, Certificates are exchangeable
      for new Certificates of the same Class in authorized denominations and
      evidencing the same aggregate Percentage Interest, as requested by the Holder
      surrendering the same.

     

    No
      service charge will be made for any such registration of transfer or exchange,
      but the Trustee may require payment of a sum sufficient to cover any tax or
      other governmental charge payable in connection therewith.

     

    The
      Depositor, the Servicer and the Trustee and any agent of the Depositor, the
      Servicer or the Trustee 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 Servicer or any such agent shall be affected by any notice to
      the
      contrary.

     

    On
      any
      Distribution Date following the date at which the remaining aggregate Principal
      Balance of the Mortgage Loans is less than 10% of the Principal Balance of
      the
      Original Mortgage Loans as of the Cut-off Date, the Servicer may purchase,
      in
      whole, from the Trust the Mortgage Loans at a purchase price determined as
      provided in the Agreement. In the event that no such optional termination
      occurs, the obligations and responsibilities created by the Agreement will
      terminate upon notice to the Trustee upon the earliest of (i) the Distribution
      Date on which the Certificate Principal Balances of the Regular Certificates
      have been reduced to zero, (ii) the final payment or other liquidation of the
      last Mortgage Loan in the Trust, (iii) the optional purchase by the Servicer
      of
      the Mortgage Loans as described in the Agreement and (iv) the Distribution
      Date
      in December 2036.

     

    Capitalized
      terms used herein that are defined in the Agreement shall have the meanings
      ascribed to them in the Agreement, and nothing herein shall be deemed
      inconsistent with that meaning.

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    ASSIGNMENT

     

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

     

    
      	 
	 

    

    (Please
      print or typewrite name and address including postal zip code of
      assignee)

     

    the
      Percentage Interest evidenced by the within Certificate and hereby authorizes
      the transfer of registration of such Percentage Interest to assignee on the
      Certificate Register of the Trust.

     

    I
      (We)
      further direct the Trustee to issue a new Certificate of a like denomination
      and
      Class, to the above named assignee and deliver such Certificate to the following
      address:

    
      	 

    

    

     

    Dated:_________________

     

    

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    DISTRIBUTION
      INSTRUCTIONS

     

    The
      assignee should include the following for purposes of distribution:

     

    
      	
              Distributions
                shall be made, by wire transfer or otherwise, in immediately available
                

            
	
              funds
                to

            	 
	 
	
              for
                the account of

            	 
	
              account
                number

            	 	
              or,
                if mailed by check, to

            
	 
	
              Applicable
                statements should be mailed to

            	 
	 
	 
	
              This
                information is provided by

            	 
	
              assignee
                named above, or

            	 
	
              its
                agent.

            	 

    

    

    

     

    EXHIBIT
      A-11

     

    FORM
      OF
      CLASS M-6 CERTIFICATE

     

    UNLESS
      THIS CERTIFICATE IS PRESENTED BY AN AUTHORIZED REPRESENTATIVE OF THE DEPOSITORY
      TRUST COMPANY, A NEW YORK CORPORATION (“DTC”), TO THE TRUSTEE 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.

     

    THIS
      CERTIFICATE IS SUBORDINATE TO THE CLASS I-A1 CERTIFICATES, THE CLASS II-A1
      CERTIFICATES, THE CLASS II-A2, THE CLASS II-A3 CERTIFICATES, THE CLASS II-A4
      CERTIFICATES, THE CLASS M-1 CERTIFICATES, THE CLASS M-2 CERTIFICATES, THE CLASS
      M-3 CERTIFICATES, THE CLASS M-4 CERTIFICATES AND THE CLASS M-5 CERTIFICATES
      TO
      THE EXTENT DESCRIBED IN THE POOLING AND SERVICING AGREEMENT REFERRED TO
      HEREIN.

     

    PRIOR
      TO
      THE TERMINATION OF THE SUPPLEMENTAL INTEREST TRUST, ANY TRANSFEREE OF THIS
      CERTIFICATE WHO IS AN EMPLOYEE BENEFIT PLAN OR OTHER RETIREMENT ARRANGEMENT
      (EACH A “PLAN”) SUBJECT TO THE EMPLOYEE RETIREMENT INCOME SECURITY ACT OF 1974,
      AS AMENDED (“ERISA”), SHALL BE DEEMED TO HAVE MADE THE REPRESENTATION SET FORTH
      IN SECTION 5.02(d)
      OF THE
      AGREEMENT MADE EXCEPT IN COMPLIANCE WITH THE PROCEDURES DESCRIBED
      HEREIN.

     

    SOLELY
      FOR U.S. FEDERAL INCOME TAX PURPOSES, THIS CERTIFICATE IS A “REGULAR INTEREST”
IN A “REAL ESTATE MORTGAGE INVESTMENT CONDUIT,” AS THOSE TERMS ARE DEFINED,
      RESPECTIVELY, IN SECTIONS 860G AND 860D OF THE INTERNAL REVENUE CODE OF 1986,
      AS
      AMENDED (THE “CODE”).

     

    
      	
              Certificate
                No.

            	
              :

            	
              1

            
	
              Cut-off
                Date

            	
              :

            	
              November
                1, 2006

            
	
              First
                Distribution Date

            	
              :

            	
              December
                25, 2006

            
	
              Initial
                Certificate Principal Balance of this Certificate
                (“Denomination”)

            	
              :

            	
              $
                16,254,000.00

            
	
              Original
                Class Certificate Principal Balance of this Class

            	
              :

            	
              $
                16,254,000.00

            
	
              Percentage
                Interest

            	
              :

            	
              100.00%

            
	
              Pass-Through
                Rate

            	
              :

            	
              Variable

            
	
              CUSIP

            	
              :

            	
              320275
                AL 4

            
	
              Class

            	
              :

            	
              M-6

            
	
              Assumed
                Maturity Date

            	
              :

            	
              December
                2036

            

    

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    First
      Franklin Mortgage Loan Trust 2006-FF16

    Asset-Backed
      Certificates,

    Series
      2006-FF16

    CLASS
      M-6

     

    evidencing
      the Percentage Interest in the distributions allocable to the Certificates
      of
      the above-referenced Class with respect to the Trust consisting of first lien
      adjustable rate and fixed rate mortgage loans (the “Mortgage
      Loans”)

     

    FINANCIAL
      ASSET SECURITIES CORP., AS DEPOSITOR

     

    Principal
      in respect of this Certificate is distributable monthly as set forth herein.
      Accordingly, the Certificate Principal Balance of this Class M-6 Certificate
      at
      any time may be less than the Initial Certificate Principal Balance set forth
      on
      the face hereof, as described herein. This Class M-6 Certificate does not
      evidence an obligation of, or an interest in, and is not guaranteed by the
      Depositor, the Servicer, or the Trustee referred to below or any of their
      respective affiliates.

     

    This
      certifies that Cede & Co. is the registered owner of the Percentage Interest
      evidenced by this Class M-6 Certificate (obtained by dividing the Denomination
      of this Class M-6 Certificate by the Original Class Certificate Principal
      Balance) in certain monthly distributions with respect to a Trust consisting
      primarily of the Mortgage Loans deposited by Financial Asset Securities Corp.
      (the “Depositor”). The Trust was created pursuant to a Pooling and Servicing
      Agreement dated as of November 1, 2006 (the “Agreement”) among the Depositor,
      National City Home Loan Services, Inc., as servicer (the “Servicer”), and
      Deutsche Bank National Trust Company, a national banking association, as trustee
      (the “Trustee”). To the extent not defined herein, the capitalized terms used
      herein have the meanings assigned in the Agreement. This Class M-6 Certificate
      is issued under and is subject to the terms, provisions and conditions of the
      Agreement, to which Agreement the Holder of this Class M-6 Certificate by virtue
      of the acceptance hereof assents and by which such Holder is bound.

     

    Prior
      to
      the termination of the Supplemental Interest Trust, any transferee of this
      Certificate who is a Plan subject to ERISA or Section 4975 of the Code, any
      Person acting, directly or indirectly, on behalf of any such Plan or any person
      using Plan Assets to acquire this Certificate shall be deemed to have made
      the
      representation made except in accordance with Section 5.02(d) of the
      Agreement.

     

    Reference
      is hereby made to the further provisions of this Class M-6 Certificate set
      forth
      on the reverse hereof, which further provisions shall for all purposes have
      the
      same effect as if set forth at this place.

     

    This
      Class M-6 Certificate shall not be entitled to any benefit under the Agreement
      or be valid for any purpose unless manually countersigned by an authorized
      signatory of the Trustee.

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    IN
      WITNESS WHEREOF, the Trustee on behalf of the Trust has caused this Certificate
      to be duly executed.

     

    Dated:
      November __, 2006

     

    
      	
              FIRST
                FRANKLIN MORTGAGE LOAN TRUST 2006-FF16

               

              DEUTSCHE
                BANK NATIONAL TRUST COMPANY, not in its individual capacity, but
                solely as
                Trustee

            
	 	 
	
              By:

            	 

    

    

    This
      is
      one of the M-6 Certificates referenced

    in
      the
      within-mentioned Agreement

    

    

    By:__________________________________________

    Authorized
      Signatory of

    Deutsche
      Bank National Trust Company,

    as
      Trustee

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    [Reverse
      of Class M-6 Certificate]

     

    First
      Franklin Mortgage Loan Trust 2006-FF16

    Asset-Backed
      Certificates,

    SERIES
      2006-FF16

     

    This
      Certificate is one of a duly authorized issue of Certificates designated as
      First Franklin Mortgage Loan Trust 2006-FF16, Asset-Backed Certificates, Series
      2006-FF16 herein collectively called the “Certificates”), and representing a
      beneficial ownership interest in the Trust created by the
      Agreement.

     

    The
      Certificateholder, by its acceptance of this Certificate, agrees that it will
      look solely to the funds on deposit in the Distribution Account for payment
      hereunder and that the Trustee is not liable to the Certificateholders for
      any
      amount payable under this Certificate or the Agreement or, except as expressly
      provided in the Agreement, subject to any liability under the
      Agreement.

     

    This
      Certificate does not purport to summarize the Agreement and reference is made
      to
      the Agreement for the interests, rights and limitations of rights, benefits,
      obligations and duties evidenced thereby, and the rights, duties and immunities
      of the Trustee.

     

    Pursuant
      to the terms of the Agreement, a distribution will be made on the 25th day
      of
      each month or, if such 25th day is not a Business Day, then the Business Day
      immediately following such Distribution Date (the “Distribution Date”),
      commencing on the first Distribution Date specified on the face hereof, to
      the
      Person in whose name this Certificate is registered at the close of business
      on
      the applicable Record Date in an amount equal to the product of the Percentage
      Interest evidenced by this Certificate and the amount required to be distributed
      to Holders of Certificates of the Class to which this Certificate belongs on
      such Distribution Date pursuant to the Agreement.

     

    Distributions
      on this Certificate shall be made by check or money order mailed to the address
      of the person entitled thereto as it appears on the Certificate Register or
      by
      wire transfer or otherwise, as set forth in the Agreement. The final
      distribution on each Certificate will be made in like manner, but only upon
      presentment and surrender of such Certificate at the office of the Trustee
      or
      the Trustee’s agent specified in the notice to Certificateholders of such final
      distribution.

     

    The
      Agreement permits, with certain exceptions therein provided, the amendment
      thereof and the modification of the rights and obligations of the Trustee and
      the rights of the Certificateholders under the Agreement at any time by the
      Depositor, the Servicer and the Trustee and of Holders of the requisite
      percentage of the Percentage Interests of each Class of Certificates affected
      by
      such amendment, as specified in the Agreement. Any such consent by the Holder
      of
      this Certificate shall be conclusive and binding on such Holder and upon all
      future Holders of this Certificate and of any Certificate issued upon the
      transfer hereof or in exchange therefor or in lieu hereof whether or not
      notation of such consent is made upon this Certificate. The Agreement also
      permits the amendment thereof, in certain limited circumstances, without the
      consent of the Holders of any of the Certificates.

     

    As
      provided in the Agreement and subject to certain limitations therein set forth,
      the transfer of this Certificate is registrable in the Certificate Register
      of
      the Certificate Registrar upon surrender of this Certificate for registration
      of
      transfer at the offices or agencies of the Trustee as provided in the Pooling
      and Servicing Agreement accompanied by a written instrument of transfer in
      form
      satisfactory to the Trustee and the Certificate Registrar duly executed by
      the
      holder hereof or such holder’s attorney duly authorized in writing, and
      thereupon one or more new Certificates of the same Class in authorized
      denominations and evidencing the same aggregate Percentage Interest in the
      Trust
      will be issued to the designated transferee or transferees.

     

    The
      Certificates are issuable only as registered Certificates without coupons in
      denominations specified in the Agreement. As provided in the Agreement and
      subject to certain limitations therein set forth, Certificates are exchangeable
      for new Certificates of the same Class in authorized denominations and
      evidencing the same aggregate Percentage Interest, as requested by the Holder
      surrendering the same.

     

    No
      service charge will be made for any such registration of transfer or exchange,
      but the Trustee may require payment of a sum sufficient to cover any tax or
      other governmental charge payable in connection therewith.

     

    The
      Depositor, the Servicer and the Trustee and any agent of the Depositor, the
      Servicer or the Trustee 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 Servicer or any such agent shall be affected by any notice to
      the
      contrary.

     

    On
      any
      Distribution Date following the date at which the remaining aggregate Principal
      Balance of the Mortgage Loans is less than 10% of the Principal Balance of
      the
      Original Mortgage Loans as of the Cut-off Date, the Servicer may purchase,
      in
      whole, from the Trust the Mortgage Loans at a purchase price determined as
      provided in the Agreement. In the event that no such optional termination
      occurs, the obligations and responsibilities created by the Agreement will
      terminate upon notice to the Trustee upon the earliest of (i) the Distribution
      Date on which the Certificate Principal Balances of the Regular Certificates
      have been reduced to zero, (ii) the final payment or other liquidation of the
      last Mortgage Loan in the Trust, (iii) the optional purchase by the Servicer
      of
      the Mortgage Loans as described in the Agreement and (iv) the Distribution
      Date
      in December 2036.

     

    Capitalized
      terms used herein that are defined in the Agreement shall have the meanings
      ascribed to them in the Agreement, and nothing herein shall be deemed
      inconsistent with that meaning.

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    ASSIGNMENT

     

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

     

    
      	 
	 

    

    (Please
      print or typewrite name and address including postal zip code of
      assignee)

     

    the
      Percentage Interest evidenced by the within Certificate and hereby authorizes
      the transfer of registration of such Percentage Interest to assignee on the
      Certificate Register of the Trust.

     

    I
      (We)
      further direct the Trustee to issue a new Certificate of a like denomination
      and
      Class, to the above named assignee and deliver such Certificate to the following
      address:

    
      	 

    

    

     

    Dated:_________________

     

    

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    DISTRIBUTION
      INSTRUCTIONS

     

    The
      assignee should include the following for purposes of distribution:

     

    
      	
              Distributions
                shall be made, by wire transfer or otherwise, in immediately available
                

            
	
              funds
                to

            	 
	 
	
              for
                the account of

            	 
	
              account
                number

            	 	
              or,
                if mailed by check, to

            
	 
	
              Applicable
                statements should be mailed to

            	 
	 
	 
	
              This
                information is provided by

            	 
	
              assignee
                named above, or

            	 
	
              its
                agent.

            	 

    

    

    

     

    EXHIBIT
      A-12

     

    FORM
      OF
      CLASS M-7 CERTIFICATE

     

    UNLESS
      THIS CERTIFICATE IS PRESENTED BY AN AUTHORIZED REPRESENTATIVE OF THE DEPOSITORY
      TRUST COMPANY, A NEW YORK CORPORATION (“DTC”), TO THE TRUSTEE 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.

     

    THIS
      CERTIFICATE IS SUBORDINATE TO THE CLASS I-A1 CERTIFICATES, THE CLASS II-A1
      CERTIFICATES, THE CLASS II-A2, THE CLASS II-A3 CERTIFICATES, THE CLASS II-A4
      CERTIFICATES, THE CLASS M-1 CERTIFICATES, THE CLASS M-2 CERTIFICATES, THE CLASS
      M-3 CERTIFICATES, THE CLASS M-4 CERTIFICATES, THE CLASS M-5 CERTIFICATES AND
      THE
      CLASS M-6 CERTIFICATES TO THE EXTENT DESCRIBED IN THE POOLING AND SERVICING
      AGREEMENT REFERRED TO HEREIN.

     

    PRIOR
      TO
      THE TERMINATION OF THE SUPPLEMENTAL INTEREST TRUST, ANY TRANSFEREE OF THIS
      CERTIFICATE WHO IS AN EMPLOYEE BENEFIT PLAN OR OTHER RETIREMENT ARRANGEMENT
      (EACH A “PLAN”) SUBJECT TO THE EMPLOYEE RETIREMENT INCOME SECURITY ACT OF 1974,
      AS AMENDED (“ERISA”), SHALL BE DEEMED TO HAVE MADE THE REPRESENTATION SET FORTH
      IN SECTION 5.02(d)
      OF THE
      AGREEMENT MADE EXCEPT IN COMPLIANCE WITH THE PROCEDURES DESCRIBED
      HEREIN.

     

    SOLELY
      FOR U.S. FEDERAL INCOME TAX PURPOSES, THIS CERTIFICATE IS A “REGULAR INTEREST”
IN A “REAL ESTATE MORTGAGE INVESTMENT CONDUIT,” AS THOSE TERMS ARE DEFINED,
      RESPECTIVELY, IN SECTIONS 860G AND 860D OF THE INTERNAL REVENUE CODE OF 1986,
      AS
      AMENDED (THE “CODE”).

     

    
      	
              Certificate
                No.

            	
              :

            	
              1

            
	
              Cut-off
                Date

            	
              :

            	
              November
                1, 2006

            
	
              First
                Distribution Date

            	
              :

            	
              December
                25, 2006

            
	
              Initial
                Certificate Principal Balance of this Certificate
                (“Denomination”)

            	
              :

            	
              $
                13,845,000.00

            
	
              Original
                Class Certificate Principal Balance of this Class

            	
              :

            	
              $
                13,845,000.00

            
	
              Percentage
                Interest

            	
              :

            	
              100.00%

            
	
              Pass-Through
                Rate

            	
              :

            	
              Variable

            
	
              CUSIP

            	
              :

            	
              320275
                AM 2

            
	
              Class

            	
              :

            	
              M-7

            
	
              Assumed
                Maturity Date

            	
              :

            	
              December
                2036

            

    

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    First
      Franklin Mortgage Loan Trust 2006-FF16

    Asset-Backed
      Certificates,

    Series
      2006-FF16

    CLASS
      M-7

     

    evidencing
      the Percentage Interest in the distributions allocable to the Certificates
      of
      the above-referenced Class with respect to the Trust consisting of first lien
      adjustable rate and fixed rate mortgage loans (the “Mortgage
      Loans”)

     

    FINANCIAL
      ASSET SECURITIES CORP., AS DEPOSITOR

     

    Principal
      in respect of this Certificate is distributable monthly as set forth herein.
      Accordingly, the Certificate Principal Balance of this Class M-7 Certificate
      at
      any time may be less than the Initial Certificate Principal Balance set forth
      on
      the face hereof, as described herein. This Class M-7 Certificate does not
      evidence an obligation of, or an interest in, and is not guaranteed by the
      Depositor, the Servicer, or the Trustee referred to below or any of their
      respective affiliates.

     

    This
      certifies that Cede & Co. is the registered owner of the Percentage Interest
      evidenced by this Class M-7 Certificate (obtained by dividing the Denomination
      of this Class M-7 Certificate by the Original Class Certificate Principal
      Balance) in certain monthly distributions with respect to a Trust consisting
      primarily of the Mortgage Loans deposited by Financial Asset Securities Corp.
      (the “Depositor”). The Trust was created pursuant to a Pooling and Servicing
      Agreement dated as of November 1, 2006 (the “Agreement”) among the Depositor,
      National City Home Loan Services, Inc., as servicer (the “Servicer”), and
      Deutsche Bank National Trust Company, a national banking association, as trustee
      (the “Trustee”). To the extent not defined herein, the capitalized terms used
      herein have the meanings assigned in the Agreement. This Class M-7 Certificate
      is issued under and is subject to the terms, provisions and conditions of the
      Agreement, to which Agreement the Holder of this Class M-7 Certificate by virtue
      of the acceptance hereof assents and by which such Holder is bound.

     

    Prior
      to
      the termination of the Supplemental Interest Trust, any transferee of this
      Certificate who is a Plan subject to ERISA or Section 4975 of the Code, any
      Person acting, directly or indirectly, on behalf of any such Plan or any person
      using Plan Assets to acquire this Certificate shall be deemed to have made
      the
      representation made except in accordance with Section 5.02(d) of the
      Agreement.

     

    Reference
      is hereby made to the further provisions of this Class M-7 Certificate set
      forth
      on the reverse hereof, which further provisions shall for all purposes have
      the
      same effect as if set forth at this place.

     

    This
      Class M-7 Certificate shall not be entitled to any benefit under the Agreement
      or be valid for any purpose unless manually countersigned by an authorized
      signatory of the Trustee.

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    IN
      WITNESS WHEREOF, the Trustee on behalf of the Trust has caused this Certificate
      to be duly executed.

     

    Dated:
      November __, 2006

     

    
      	
              FIRST
                FRANKLIN MORTGAGE LOAN TRUST 2006-FF16

               

              DEUTSCHE
                BANK NATIONAL TRUST COMPANY, not in its individual capacity, but
                solely as
                Trustee

            
	 	 
	
              By:

            	 

    

    

    This
      is
      one of the M-7 Certificates referenced

    in
      the
      within-mentioned Agreement

    

    

    By:__________________________________________

    Authorized
      Signatory of

    Deutsche
      Bank National Trust Company,

    as
      Trustee

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    [Reverse
      of Class M-7 Certificate]

     

    First
      Franklin Mortgage Loan Trust 2006-FF16

    Asset-Backed
      Certificates,

    SERIES
      2006-FF16

     

    This
      Certificate is one of a duly authorized issue of Certificates designated as
      First Franklin Mortgage Loan Trust 2006-FF16, Asset-Backed Certificates, Series
      2006-FF16 herein collectively called the “Certificates”), and representing a
      beneficial ownership interest in the Trust created by the
      Agreement.

     

    The
      Certificateholder, by its acceptance of this Certificate, agrees that it will
      look solely to the funds on deposit in the Distribution Account for payment
      hereunder and that the Trustee is not liable to the Certificateholders for
      any
      amount payable under this Certificate or the Agreement or, except as expressly
      provided in the Agreement, subject to any liability under the
      Agreement.

     

    This
      Certificate does not purport to summarize the Agreement and reference is made
      to
      the Agreement for the interests, rights and limitations of rights, benefits,
      obligations and duties evidenced thereby, and the rights, duties and immunities
      of the Trustee.

     

    Pursuant
      to the terms of the Agreement, a distribution will be made on the 25th day
      of
      each month or, if such 25th day is not a Business Day, then the Business Day
      immediately following such Distribution Date (the “Distribution Date”),
      commencing on the first Distribution Date specified on the face hereof, to
      the
      Person in whose name this Certificate is registered at the close of business
      on
      the applicable Record Date in an amount equal to the product of the Percentage
      Interest evidenced by this Certificate and the amount required to be distributed
      to Holders of Certificates of the Class to which this Certificate belongs on
      such Distribution Date pursuant to the Agreement.

     

    Distributions
      on this Certificate shall be made by check or money order mailed to the address
      of the person entitled thereto as it appears on the Certificate Register or
      by
      wire transfer or otherwise, as set forth in the Agreement. The final
      distribution on each Certificate will be made in like manner, but only upon
      presentment and surrender of such Certificate at the office of the Trustee
      or
      the Trustee’s agent specified in the notice to Certificateholders of such final
      distribution.

     

    The
      Agreement permits, with certain exceptions therein provided, the amendment
      thereof and the modification of the rights and obligations of the Trustee and
      the rights of the Certificateholders under the Agreement at any time by the
      Depositor, the Servicer and the Trustee and of Holders of the requisite
      percentage of the Percentage Interests of each Class of Certificates affected
      by
      such amendment, as specified in the Agreement. Any such consent by the Holder
      of
      this Certificate shall be conclusive and binding on such Holder and upon all
      future Holders of this Certificate and of any Certificate issued upon the
      transfer hereof or in exchange therefor or in lieu hereof whether or not
      notation of such consent is made upon this Certificate. The Agreement also
      permits the amendment thereof, in certain limited circumstances, without the
      consent of the Holders of any of the Certificates.

     

    As
      provided in the Agreement and subject to certain limitations therein set forth,
      the transfer of this Certificate is registrable in the Certificate Register
      of
      the Certificate Registrar upon surrender of this Certificate for registration
      of
      transfer at the offices or agencies of the Trustee as provided in the Pooling
      and Servicing Agreement accompanied by a written instrument of transfer in
      form
      satisfactory to the Trustee and the Certificate Registrar duly executed by
      the
      holder hereof or such holder’s attorney duly authorized in writing, and
      thereupon one or more new Certificates of the same Class in authorized
      denominations and evidencing the same aggregate Percentage Interest in the
      Trust
      will be issued to the designated transferee or transferees.

     

    The
      Certificates are issuable only as registered Certificates without coupons in
      denominations specified in the Agreement. As provided in the Agreement and
      subject to certain limitations therein set forth, Certificates are exchangeable
      for new Certificates of the same Class in authorized denominations and
      evidencing the same aggregate Percentage Interest, as requested by the Holder
      surrendering the same.

     

    No
      service charge will be made for any such registration of transfer or exchange,
      but the Trustee may require payment of a sum sufficient to cover any tax or
      other governmental charge payable in connection therewith.

     

    The
      Depositor, the Servicer and the Trustee and any agent of the Depositor, the
      Servicer or the Trustee 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 Servicer or any such agent shall be affected by any notice to
      the
      contrary.

     

    On
      any
      Distribution Date following the date at which the remaining aggregate Principal
      Balance of the Mortgage Loans is less than 10% of the Principal Balance of
      the
      Original Mortgage Loans as of the Cut-off Date, the Servicer may purchase,
      in
      whole, from the Trust the Mortgage Loans at a purchase price determined as
      provided in the Agreement. In the event that no such optional termination
      occurs, the obligations and responsibilities created by the Agreement will
      terminate upon notice to the Trustee upon the earliest of (i) the Distribution
      Date on which the Certificate Principal Balances of the Regular Certificates
      have been reduced to zero, (ii) the final payment or other liquidation of the
      last Mortgage Loan in the Trust, (iii) the optional purchase by the Servicer
      of
      the Mortgage Loans as described in the Agreement and (iv) the Distribution
      Date
      in December 2036.

     

    Capitalized
      terms used herein that are defined in the Agreement shall have the meanings
      ascribed to them in the Agreement, and nothing herein shall be deemed
      inconsistent with that meaning.

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    ASSIGNMENT

     

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

     

    
      	 
	 

    

    (Please
      print or typewrite name and address including postal zip code of
      assignee)

     

    the
      Percentage Interest evidenced by the within Certificate and hereby authorizes
      the transfer of registration of such Percentage Interest to assignee on the
      Certificate Register of the Trust.

     

    I
      (We)
      further direct the Trustee to issue a new Certificate of a like denomination
      and
      Class, to the above named assignee and deliver such Certificate to the following
      address:

    
      	 

    

    

     

    Dated:_________________

     

    

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    DISTRIBUTION
      INSTRUCTIONS

     

    The
      assignee should include the following for purposes of distribution:

     

    
      	
              Distributions
                shall be made, by wire transfer or otherwise, in immediately available
                

            
	
              funds
                to

            	 
	 
	
              for
                the account of

            	 
	
              account
                number

            	 	
              or,
                if mailed by check, to

            
	 
	
              Applicable
                statements should be mailed to

            	 
	 
	 
	
              This
                information is provided by

            	 
	
              assignee
                named above, or

            	 
	
              its
                agent.

            	 

    

    

    

     

    EXHIBIT
      A-13

     

    FORM
      OF
      CLASS M-8 CERTIFICATE

     

    UNLESS
      THIS CERTIFICATE IS PRESENTED BY AN AUTHORIZED REPRESENTATIVE OF THE DEPOSITORY
      TRUST COMPANY, A NEW YORK CORPORATION (“DTC”), TO THE TRUSTEE 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.

     

    THIS
      CERTIFICATE IS SUBORDINATE TO THE CLASS I-A1 CERTIFICATES, THE CLASS II-A1
      CERTIFICATES, THE CLASS II-A2, THE CLASS II-A3 CERTIFICATES, THE CLASS II-A4
      CERTIFICATES, THE CLASS M-1 CERTIFICATES, THE CLASS M-2 CERTIFICATES, THE CLASS
      M-3 CERTIFICATES, THE CLASS M-4 CERTIFICATES, THE CLASS M-5 CERTIFICATES, THE
      CLASS M-6 CERTIFICATES AND THE CLASS M-7 CERTIFICATES TO THE EXTENT DESCRIBED
      IN
      THE POOLING AND SERVICING AGREEMENT REFERRED TO HEREIN.

     

    PRIOR
      TO
      THE TERMINATION OF THE SUPPLEMENTAL INTEREST TRUST, ANY TRANSFEREE OF THIS
      CERTIFICATE WHO IS AN EMPLOYEE BENEFIT PLAN OR OTHER RETIREMENT ARRANGEMENT
      (EACH A “PLAN”) SUBJECT TO THE EMPLOYEE RETIREMENT INCOME SECURITY ACT OF 1974,
      AS AMENDED (“ERISA”), SHALL BE DEEMED TO HAVE MADE THE REPRESENTATION SET FORTH
      IN SECTION 5.02(d)
      OF THE
      AGREEMENT MADE EXCEPT IN COMPLIANCE WITH THE PROCEDURES DESCRIBED
      HEREIN.

     

    SOLELY
      FOR U.S. FEDERAL INCOME TAX PURPOSES, THIS CERTIFICATE IS A “REGULAR INTEREST”
IN A “REAL ESTATE MORTGAGE INVESTMENT CONDUIT,” AS THOSE TERMS ARE DEFINED,
      RESPECTIVELY, IN SECTIONS 860G AND 860D OF THE INTERNAL REVENUE CODE OF 1986,
      AS
      AMENDED (THE “CODE”).

     

    
      	
              Certificate
                No.

            	
              :

            	
              1

            
	
              Cut-off
                Date

            	
              :

            	
              November
                1, 2006

            
	
              First
                Distribution Date

            	
              :

            	
              December
                25, 2006

            
	
              Initial
                Certificate Principal Balance of this Certificate
                (“Denomination”)

            	
              :

            	
              $
                8,428,000.00

            
	
              Original
                Class Certificate Principal Balance of this Class

            	
              :

            	
              $
                8,428,000.00

            
	
              Percentage
                Interest

            	
              :

            	
              100.00%

            
	
              Pass-Through
                Rate

            	
              :

            	
              Variable

            
	
              CUSIP

            	
              :

            	
              320275
                AN 0

            
	
              Class

            	
              :

            	
              M-8

            
	
              Assumed
                Maturity Date

            	
              :

            	
              December
                2036

            

    

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    First
      Franklin Mortgage Loan Trust 2006-FF16

    Asset-Backed
      Certificates,

    Series
      2006-FF16

    CLASS
      M-8

     

    evidencing
      the Percentage Interest in the distributions allocable to the Certificates
      of
      the above-referenced Class with respect to the Trust consisting of first lien
      adjustable rate and fixed rate mortgage loans (the “Mortgage
      Loans”)

     

    FINANCIAL
      ASSET SECURITIES CORP., AS DEPOSITOR

     

    Principal
      in respect of this Certificate is distributable monthly as set forth herein.
      Accordingly, the Certificate Principal Balance of this Class M-8 Certificate
      at
      any time may be less than the Initial Certificate Principal Balance set forth
      on
      the face hereof, as described herein. This Class M-8 Certificate does not
      evidence an obligation of, or an interest in, and is not guaranteed by the
      Depositor, the Servicer, or the Trustee referred to below or any of their
      respective affiliates.

     

    This
      certifies that Cede & Co. is the registered owner of the Percentage Interest
      evidenced by this Class M-8 Certificate (obtained by dividing the Denomination
      of this Class M-8 Certificate by the Original Class Certificate Principal
      Balance) in certain monthly distributions with respect to a Trust consisting
      primarily of the Mortgage Loans deposited by Financial Asset Securities Corp.
      (the “Depositor”). The Trust was created pursuant to a Pooling and Servicing
      Agreement dated as of November 1, 2006 (the “Agreement”) among the Depositor,
      National City Home Loan Services, Inc., as servicer (the “Servicer”), and
      Deutsche Bank National Trust Company, a national banking association, as trustee
      (the “Trustee”). To the extent not defined herein, the capitalized terms used
      herein have the meanings assigned in the Agreement. This Class M-8 Certificate
      is issued under and is subject to the terms, provisions and conditions of the
      Agreement, to which Agreement the Holder of this Class M-8 Certificate by virtue
      of the acceptance hereof assents and by which such Holder is bound.

     

    Prior
      to
      the termination of the Supplemental Interest Trust, any transferee of this
      Certificate who is a Plan subject to ERISA or Section 4975 of the Code, any
      Person acting, directly or indirectly, on behalf of any such Plan or any person
      using Plan Assets to acquire this Certificate shall be deemed to have made
      the
      representation made except in accordance with Section 5.02(d) of the
      Agreement.

     

    Reference
      is hereby made to the further provisions of this Class M-8 Certificate set
      forth
      on the reverse hereof, which further provisions shall for all purposes have
      the
      same effect as if set forth at this place.

     

    This
      Class M-8 Certificate shall not be entitled to any benefit under the Agreement
      or be valid for any purpose unless manually countersigned by an authorized
      signatory of the Trustee.

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    IN
      WITNESS WHEREOF, the Trustee on behalf of the Trust has caused this Certificate
      to be duly executed.

     

    Dated:
      November __, 2006

     

    
      	
              FIRST
                FRANKLIN MORTGAGE LOAN TRUST 2006-FF16

               

              DEUTSCHE
                BANK NATIONAL TRUST COMPANY, not in its individual capacity, but
                solely as
                Trustee

            
	 	 
	
              By:

            	 

    

    

    This
      is
      one of the M-8 Certificates referenced

    in
      the
      within-mentioned Agreement

    

    

    By:__________________________________________

    Authorized
      Signatory of

    Deutsche
      Bank National Trust Company,

    as
      Trustee

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    [Reverse
      of Class M-8 Certificate]

     

    First
      Franklin Mortgage Loan Trust 2006-FF16

    Asset-Backed
      Certificates,

    SERIES
      2006-FF16

     

    This
      Certificate is one of a duly authorized issue of Certificates designated as
      First Franklin Mortgage Loan Trust 2006-FF16, Asset-Backed Certificates, Series
      2006-FF16 herein collectively called the “Certificates”), and representing a
      beneficial ownership interest in the Trust created by the
      Agreement.

     

    The
      Certificateholder, by its acceptance of this Certificate, agrees that it will
      look solely to the funds on deposit in the Distribution Account for payment
      hereunder and that the Trustee is not liable to the Certificateholders for
      any
      amount payable under this Certificate or the Agreement or, except as expressly
      provided in the Agreement, subject to any liability under the
      Agreement.

     

    This
      Certificate does not purport to summarize the Agreement and reference is made
      to
      the Agreement for the interests, rights and limitations of rights, benefits,
      obligations and duties evidenced thereby, and the rights, duties and immunities
      of the Trustee.

     

    Pursuant
      to the terms of the Agreement, a distribution will be made on the 25th day
      of
      each month or, if such 25th day is not a Business Day, then the Business Day
      immediately following such Distribution Date (the “Distribution Date”),
      commencing on the first Distribution Date specified on the face hereof, to
      the
      Person in whose name this Certificate is registered at the close of business
      on
      the applicable Record Date in an amount equal to the product of the Percentage
      Interest evidenced by this Certificate and the amount required to be distributed
      to Holders of Certificates of the Class to which this Certificate belongs on
      such Distribution Date pursuant to the Agreement.

     

    Distributions
      on this Certificate shall be made by check or money order mailed to the address
      of the person entitled thereto as it appears on the Certificate Register or
      by
      wire transfer or otherwise, as set forth in the Agreement. The final
      distribution on each Certificate will be made in like manner, but only upon
      presentment and surrender of such Certificate at the office of the Trustee
      or
      the Trustee’s agent specified in the notice to Certificateholders of such final
      distribution.

     

    The
      Agreement permits, with certain exceptions therein provided, the amendment
      thereof and the modification of the rights and obligations of the Trustee and
      the rights of the Certificateholders under the Agreement at any time by the
      Depositor, the Servicer and the Trustee and of Holders of the requisite
      percentage of the Percentage Interests of each Class of Certificates affected
      by
      such amendment, as specified in the Agreement. Any such consent by the Holder
      of
      this Certificate shall be conclusive and binding on such Holder and upon all
      future Holders of this Certificate and of any Certificate issued upon the
      transfer hereof or in exchange therefor or in lieu hereof whether or not
      notation of such consent is made upon this Certificate. The Agreement also
      permits the amendment thereof, in certain limited circumstances, without the
      consent of the Holders of any of the Certificates.

     

    As
      provided in the Agreement and subject to certain limitations therein set forth,
      the transfer of this Certificate is registrable in the Certificate Register
      of
      the Certificate Registrar upon surrender of this Certificate for registration
      of
      transfer at the offices or agencies of the Trustee as provided in the Pooling
      and Servicing Agreement accompanied by a written instrument of transfer in
      form
      satisfactory to the Trustee and the Certificate Registrar duly executed by
      the
      holder hereof or such holder’s attorney duly authorized in writing, and
      thereupon one or more new Certificates of the same Class in authorized
      denominations and evidencing the same aggregate Percentage Interest in the
      Trust
      will be issued to the designated transferee or transferees.

     

    The
      Certificates are issuable only as registered Certificates without coupons in
      denominations specified in the Agreement. As provided in the Agreement and
      subject to certain limitations therein set forth, Certificates are exchangeable
      for new Certificates of the same Class in authorized denominations and
      evidencing the same aggregate Percentage Interest, as requested by the Holder
      surrendering the same.

     

    No
      service charge will be made for any such registration of transfer or exchange,
      but the Trustee may require payment of a sum sufficient to cover any tax or
      other governmental charge payable in connection therewith.

     

    The
      Depositor, the Servicer and the Trustee and any agent of the Depositor, the
      Servicer or the Trustee 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 Servicer or any such agent shall be affected by any notice to
      the
      contrary.

     

    On
      any
      Distribution Date following the date at which the remaining aggregate Principal
      Balance of the Mortgage Loans is less than 10% of the Principal Balance of
      the
      Original Mortgage Loans as of the Cut-off Date, the Servicer may purchase,
      in
      whole, from the Trust the Mortgage Loans at a purchase price determined as
      provided in the Agreement. In the event that no such optional termination
      occurs, the obligations and responsibilities created by the Agreement will
      terminate upon notice to the Trustee upon the earliest of (i) the Distribution
      Date on which the Certificate Principal Balances of the Regular Certificates
      have been reduced to zero, (ii) the final payment or other liquidation of the
      last Mortgage Loan in the Trust, (iii) the optional purchase by the Servicer
      of
      the Mortgage Loans as described in the Agreement and (iv) the Distribution
      Date
      in December 2036.

     

    Capitalized
      terms used herein that are defined in the Agreement shall have the meanings
      ascribed to them in the Agreement, and nothing herein shall be deemed
      inconsistent with that meaning.

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    ASSIGNMENT

     

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

     

    
      	 
	 

    

    (Please
      print or typewrite name and address including postal zip code of
      assignee)

     

    the
      Percentage Interest evidenced by the within Certificate and hereby authorizes
      the transfer of registration of such Percentage Interest to assignee on the
      Certificate Register of the Trust.

     

    I
      (We)
      further direct the Trustee to issue a new Certificate of a like denomination
      and
      Class, to the above named assignee and deliver such Certificate to the following
      address:

    
      	 

    

    

     

    Dated:_________________

     

    

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    DISTRIBUTION
      INSTRUCTIONS

     

    The
      assignee should include the following for purposes of distribution:

     

    
      	
              Distributions
                shall be made, by wire transfer or otherwise, in immediately available
                

            
	
              funds
                to

            	 
	 
	
              for
                the account of

            	 
	
              account
                number

            	 	
              or,
                if mailed by check, to

            
	 
	
              Applicable
                statements should be mailed to

            	 
	 
	 
	
              This
                information is provided by

            	 
	
              assignee
                named above, or

            	 
	
              its
                agent.

            	 

    

    

    

     

    EXHIBIT
      A-14

     

    FORM
      OF
      CLASS M-9 CERTIFICATE

     

    UNLESS
      THIS CERTIFICATE IS PRESENTED BY AN AUTHORIZED REPRESENTATIVE OF THE DEPOSITORY
      TRUST COMPANY, A NEW YORK CORPORATION (“DTC”), TO THE TRUSTEE 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.

     

    THIS
      CERTIFICATE IS SUBORDINATE TO THE CLASS I-A1 CERTIFICATES, THE CLASS II-A1
      CERTIFICATES, THE CLASS II-A2, THE CLASS II-A3 CERTIFICATES, THE CLASS II-A4
      CERTIFICATES, THE CLASS M-1 CERTIFICATES, THE CLASS M-2 CERTIFICATES, THE CLASS
      M-3 CERTIFICATES, THE CLASS M-4 CERTIFICATES, THE CLASS M-5 CERTIFICATES, THE
      CLASS M-6 CERTIFICATES, THE CLASS M-7 CERTIFICATES AND THE CLASS M-8
      CERTIFICATES TO THE EXTENT DESCRIBED IN THE POOLING AND SERVICING AGREEMENT
      REFERRED TO HEREIN.

     

    PRIOR
      TO
      THE TERMINATION OF THE SUPPLEMENTAL INTEREST TRUST, ANY TRANSFEREE OF THIS
      CERTIFICATE WHO IS AN EMPLOYEE BENEFIT PLAN OR OTHER RETIREMENT ARRANGEMENT
      (EACH A “PLAN”) SUBJECT TO THE EMPLOYEE RETIREMENT INCOME SECURITY ACT OF 1974,
      AS AMENDED (“ERISA”), SHALL BE DEEMED TO HAVE MADE THE REPRESENTATION SET FORTH
      IN SECTION 5.02(d)
      OF THE
      AGREEMENT MADE EXCEPT IN COMPLIANCE WITH THE PROCEDURES DESCRIBED
      HEREIN.

     

    SOLELY
      FOR U.S. FEDERAL INCOME TAX PURPOSES, THIS CERTIFICATE IS A “REGULAR INTEREST”
IN A “REAL ESTATE MORTGAGE INVESTMENT CONDUIT,” AS THOSE TERMS ARE DEFINED,
      RESPECTIVELY, IN SECTIONS 860G AND 860D OF THE INTERNAL REVENUE CODE OF 1986,
      AS
      AMENDED (THE “CODE”).

     

    
      	
              Certificate
                No.

            	
              :

            	
              1

            
	
              Cut-off
                Date

            	
              :

            	
              November
                1, 2006

            
	
              First
                Distribution Date

            	
              :

            	
              December
                25, 2006

            
	
              Initial
                Certificate Principal Balance of this Certificate
                (“Denomination”)

            	
              :

            	
              $
                12,040,000.00

            
	
              Original
                Class Certificate Principal Balance of this Class

            	
              :

            	
              $
                12,040,000.00

            
	
              Percentage
                Interest

            	
              :

            	
              100.00%

            
	
              Pass-Through
                Rate

            	
              :

            	
              Variable

            
	
              CUSIP

            	
              :

            	
              320275
                AP 5

            
	
              Class

            	
              :

            	
              M-9

            
	
              Assumed
                Maturity Date

            	
              :

            	
              December
                2036

            

    

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    First
      Franklin Mortgage Loan Trust 2006-FF16

    Asset-Backed
      Certificates,

    Series
      2006-FF16

    CLASS
      M-9

     

    evidencing
      the Percentage Interest in the distributions allocable to the Certificates
      of
      the above-referenced Class with respect to the Trust consisting of first lien
      adjustable rate and fixed rate mortgage loans (the “Mortgage
      Loans”)

     

    FINANCIAL
      ASSET SECURITIES CORP., AS DEPOSITOR

     

    Principal
      in respect of this Certificate is distributable monthly as set forth herein.
      Accordingly, the Certificate Principal Balance of this Class M-9 Certificate
      at
      any time may be less than the Initial Certificate Principal Balance set forth
      on
      the face hereof, as described herein. This Class M-9 Certificate does not
      evidence an obligation of, or an interest in, and is not guaranteed by the
      Depositor, the Servicer, or the Trustee referred to below or any of their
      respective affiliates.

     

    This
      certifies that Cede & Co. is the registered owner of the Percentage Interest
      evidenced by this Class M-9 Certificate (obtained by dividing the Denomination
      of this Class M-9 Certificate by the Original Class Certificate Principal
      Balance) in certain monthly distributions with respect to a Trust consisting
      primarily of the Mortgage Loans deposited by Financial Asset Securities Corp.
      (the “Depositor”). The Trust was created pursuant to a Pooling and Servicing
      Agreement dated as of November 1, 2006 (the “Agreement”) among the Depositor,
      National City Home Loan Services, Inc., as servicer (the “Servicer”), and
      Deutsche Bank National Trust Company, a national banking association, as trustee
      (the “Trustee”). To the extent not defined herein, the capitalized terms used
      herein have the meanings assigned in the Agreement. This Class M-9 Certificate
      is issued under and is subject to the terms, provisions and conditions of the
      Agreement, to which Agreement the Holder of this Class M-9 Certificate by virtue
      of the acceptance hereof assents and by which such Holder is bound.

     

    Prior
      to
      the termination of the Supplemental Interest Trust, any transferee of this
      Certificate who is a Plan subject to ERISA or Section 4975 of the Code, any
      Person acting, directly or indirectly, on behalf of any such Plan or any person
      using Plan Assets to acquire this Certificate shall be deemed to have made
      the
      representation made except in accordance with Section 5.02(d) of the
      Agreement.

     

    Reference
      is hereby made to the further provisions of this Class M-9 Certificate set
      forth
      on the reverse hereof, which further provisions shall for all purposes have
      the
      same effect as if set forth at this place.

     

    This
      Class M-9 Certificate shall not be entitled to any benefit under the Agreement
      or be valid for any purpose unless manually countersigned by an authorized
      signatory of the Trustee.

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    IN
      WITNESS WHEREOF, the Trustee on behalf of the Trust has caused this Certificate
      to be duly executed.

     

    Dated:
      November __, 2006

     

    
      	
              FIRST
                FRANKLIN MORTGAGE LOAN TRUST 2006-FF16

               

              DEUTSCHE
                BANK NATIONAL TRUST COMPANY, not in its individual capacity, but
                solely as
                Trustee

            
	 	 
	
              By:

            	 

    

    

    This
      is
      one of the M-9 Certificates referenced

    in
      the
      within-mentioned Agreement

    

    

    By:__________________________________________

    Authorized
      Signatory of

    Deutsche
      Bank National Trust Company,

    as
      Trustee

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    [Reverse
      of Class M-9 Certificate]

     

    First
      Franklin Mortgage Loan Trust 2006-FF16

    Asset-Backed
      Certificates,

    SERIES
      2006-FF16

     

    This
      Certificate is one of a duly authorized issue of Certificates designated as
      First Franklin Mortgage Loan Trust 2006-FF16, Asset-Backed Certificates, Series
      2006-FF16 herein collectively called the “Certificates”), and representing a
      beneficial ownership interest in the Trust created by the
      Agreement.

     

    The
      Certificateholder, by its acceptance of this Certificate, agrees that it will
      look solely to the funds on deposit in the Distribution Account for payment
      hereunder and that the Trustee is not liable to the Certificateholders for
      any
      amount payable under this Certificate or the Agreement or, except as expressly
      provided in the Agreement, subject to any liability under the
      Agreement.

     

    This
      Certificate does not purport to summarize the Agreement and reference is made
      to
      the Agreement for the interests, rights and limitations of rights, benefits,
      obligations and duties evidenced thereby, and the rights, duties and immunities
      of the Trustee.

     

    Pursuant
      to the terms of the Agreement, a distribution will be made on the 25th day
      of
      each month or, if such 25th day is not a Business Day, then the Business Day
      immediately following such Distribution Date (the “Distribution Date”),
      commencing on the first Distribution Date specified on the face hereof, to
      the
      Person in whose name this Certificate is registered at the close of business
      on
      the applicable Record Date in an amount equal to the product of the Percentage
      Interest evidenced by this Certificate and the amount required to be distributed
      to Holders of Certificates of the Class to which this Certificate belongs on
      such Distribution Date pursuant to the Agreement.

     

    Distributions
      on this Certificate shall be made by check or money order mailed to the address
      of the person entitled thereto as it appears on the Certificate Register or
      by
      wire transfer or otherwise, as set forth in the Agreement. The final
      distribution on each Certificate will be made in like manner, but only upon
      presentment and surrender of such Certificate at the office of the Trustee
      or
      the Trustee’s agent specified in the notice to Certificateholders of such final
      distribution.

     

    The
      Agreement permits, with certain exceptions therein provided, the amendment
      thereof and the modification of the rights and obligations of the Trustee and
      the rights of the Certificateholders under the Agreement at any time by the
      Depositor, the Servicer and the Trustee and of Holders of the requisite
      percentage of the Percentage Interests of each Class of Certificates affected
      by
      such amendment, as specified in the Agreement. Any such consent by the Holder
      of
      this Certificate shall be conclusive and binding on such Holder and upon all
      future Holders of this Certificate and of any Certificate issued upon the
      transfer hereof or in exchange therefor or in lieu hereof whether or not
      notation of such consent is made upon this Certificate. The Agreement also
      permits the amendment thereof, in certain limited circumstances, without the
      consent of the Holders of any of the Certificates.

     

    As
      provided in the Agreement and subject to certain limitations therein set forth,
      the transfer of this Certificate is registrable in the Certificate Register
      of
      the Certificate Registrar upon surrender of this Certificate for registration
      of
      transfer at the offices or agencies of the Trustee as provided in the Pooling
      and Servicing Agreement accompanied by a written instrument of transfer in
      form
      satisfactory to the Trustee and the Certificate Registrar duly executed by
      the
      holder hereof or such holder’s attorney duly authorized in writing, and
      thereupon one or more new Certificates of the same Class in authorized
      denominations and evidencing the same aggregate Percentage Interest in the
      Trust
      will be issued to the designated transferee or transferees.

     

    The
      Certificates are issuable only as registered Certificates without coupons in
      denominations specified in the Agreement. As provided in the Agreement and
      subject to certain limitations therein set forth, Certificates are exchangeable
      for new Certificates of the same Class in authorized denominations and
      evidencing the same aggregate Percentage Interest, as requested by the Holder
      surrendering the same.

     

    No
      service charge will be made for any such registration of transfer or exchange,
      but the Trustee may require payment of a sum sufficient to cover any tax or
      other governmental charge payable in connection therewith.

     

    The
      Depositor, the Servicer and the Trustee and any agent of the Depositor, the
      Servicer or the Trustee 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 Servicer or any such agent shall be affected by any notice to
      the
      contrary.

     

    On
      any
      Distribution Date following the date at which the remaining aggregate Principal
      Balance of the Mortgage Loans is less than 10% of the Principal Balance of
      the
      Original Mortgage Loans as of the Cut-off Date, the Servicer may purchase,
      in
      whole, from the Trust the Mortgage Loans at a purchase price determined as
      provided in the Agreement. In the event that no such optional termination
      occurs, the obligations and responsibilities created by the Agreement will
      terminate upon notice to the Trustee upon the earliest of (i) the Distribution
      Date on which the Certificate Principal Balances of the Regular Certificates
      have been reduced to zero, (ii) the final payment or other liquidation of the
      last Mortgage Loan in the Trust, (iii) the optional purchase by the Servicer
      of
      the Mortgage Loans as described in the Agreement and (iv) the Distribution
      Date
      in December 2036.

     

    Capitalized
      terms used herein that are defined in the Agreement shall have the meanings
      ascribed to them in the Agreement, and nothing herein shall be deemed
      inconsistent with that meaning.

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    ASSIGNMENT

     

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

     

    
      	 
	 

    

    (Please
      print or typewrite name and address including postal zip code of
      assignee)

     

    the
      Percentage Interest evidenced by the within Certificate and hereby authorizes
      the transfer of registration of such Percentage Interest to assignee on the
      Certificate Register of the Trust.

     

    I
      (We)
      further direct the Trustee to issue a new Certificate of a like denomination
      and
      Class, to the above named assignee and deliver such Certificate to the following
      address:

    
      	 

    

    

     

    Dated:_________________

     

    

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    DISTRIBUTION
      INSTRUCTIONS

     

    The
      assignee should include the following for purposes of distribution:

     

    
      	
              Distributions
                shall be made, by wire transfer or otherwise, in immediately available
                

            
	
              funds
                to

            	 
	 
	
              for
                the account of

            	 
	
              account
                number

            	 	
              or,
                if mailed by check, to

            
	 
	
              Applicable
                statements should be mailed to

            	 
	 
	 
	
              This
                information is provided by

            	 
	
              assignee
                named above, or

            	 
	
              its
                agent.

            	 

    

    

     

    

     

    EXHIBIT
      A-15

     

    FORM
      OF
      CLASS C CERTIFICATE

     

    SOLELY
      FOR U.S. FEDERAL INCOME TAX PURPOSES, THIS CERTIFICATE IS A “REGULAR INTEREST”
IN A “REAL ESTATE MORTGAGE INVESTMENT CONDUIT,” AS THOSE TERMS ARE DEFINED,
      RESPECTIVELY, IN SECTIONS 860G AND 860D OF THE INTERNAL REVENUE CODE OF 1986,
      AS
      AMENDED (THE “CODE”).

     

    THIS
      CERTIFICATE HAS NOT BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933, AS AMENDED
      (THE “ACT”). ANY RESALE OR TRANSFER OF THIS CERTIFICATE WITHOUT REGISTRATION
      THEREOF UNDER THE ACT MAY ONLY BE MADE IN A TRANSACTION EXEMPTED FROM THE
      REGISTRATION REQUIREMENTS OF THE ACT AND IN ACCORDANCE WITH THE PROVISIONS
      OF
      THE AGREEMENT REFERRED TO HEREIN.

     

    THIS
      CERTIFICATE IS SUBORDINATE TO THE CLASS I-A1 CERTIFICATES, THE CLASS II-A1
      CERTIFICATES, THE CLASS II-A2, THE CLASS II-A3 CERTIFICATES, THE CLASS II-A4
      CERTIFICATES, THE CLASS A-6 CERTIFICATES, THE CLASS M-1 CERTIFICATES, THE CLASS
      M-2 CERTIFICATES, THE CLASS M-3 CERTIFICATES, THE CLASS M-4 CERTIFICATES, THE
      CLASS M-5 CERTIFICATES, THE CLASS M-6 CERTIFICATES, THE CLASS M-7 CERTIFICATES,
      THE CLASS M-8 CERTIFICATES AND THE CLASS M-9 CERTIFICATES TO THE EXTENT
      DESCRIBED IN THE POOLING AND SERVICING AGREEMENT REFERRED TO
      HEREIN.

     

    THIS
      CERTIFICATE HAS NOT BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933, AS AMENDED
      (THE “ACT”). ANY RESALE OR TRANSFER OF THIS CERTIFICATE WITHOUT REGISTRATION
      THEREOF UNDER THE ACT MAY ONLY BE MADE IN A TRANSACTION EXEMPTED FROM THE
      REGISTRATION REQUIREMENTS OF THE ACT AND IN ACCORDANCE WITH THE PROVISIONS
      OF
      THE AGREEMENT REFERRED TO HEREIN.

     

    NO
      TRANSFER OF THIS CERTIFICATE TO AN EMPLOYEE BENEFIT PLAN OR OTHER RETIREMENT
      ARRANGEMENT (EACH A “PLAN”) SUBJECT TO THE EMPLOYEE RETIREMENT INCOME SECURITY
      ACT OF 1974, AS AMENDED (“ERISA”), SHALL BE MADE EXCEPT IN COMPLIANCE WITH THE
      PROCEDURES DESCRIBED HEREIN.

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    

    
      	
              Certificate
                No.

            	
              :

            	
              1

            
	
              Cut-off
                Date

            	
              :

            	
              November
                1, 2006

            
	
              First
                Distribution Date

            	
              :

            	
              December
                25, 2006

            
	
              Initial
                Certificate Principal Balance

              of
                this Certificate (“Denomination”)

            	
              :

            	
              $
                24,079,485.00

            
	
              Original
                Class Certificate

              Principal
                Balance of this Class

            	
              :

            	
              $
                24,079,485.00

               

            
	
              Percentage
                Interest

            	
              :

            	
              100.00%

            
	
              Class

            	
              :

            	
              C

            

    

    

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    First
      Franklin Mortgage Loan Trust 2006-FF16

    Asset-Backed
      Certificates,

    Series
      2006-FF16

    CLASS
      C

     

    evidencing
      the Percentage Interest in the distributions allocable to the Certificates
      of
      the above-referenced Class with respect to the Trust consisting of first lien
      adjustable rate and fixed rate mortgage loans (the “Mortgage
      Loans”)

     

    FINANCIAL
      ASSET SECURITIES CORP., AS DEPOSITOR

     

    Principal
      in respect of this Certificate is distributable monthly as set forth herein.
      Accordingly, the Certificate Principal Balance of this Class C Certificate
      at
      any time may be less than the Initial Certificate Principal Balance set forth
      on
      the face hereof, as described herein. This Class C Certificate does not evidence
      an obligation of, or an interest in, and is not guaranteed by the Depositor,
      the
      Servicer, or the Trustee referred to below or any of their respective
      affiliates.

     

    This
      certifies that GREENWICH CAPITAL MARKETS, INC. is the registered owner of the
      Percentage Interest evidenced by this Class C Certificate (obtained by dividing
      the Denomination of this Class C Certificate by the Original Class Certificate
      Principal Balance) in certain distributions with respect to a Trust consisting
      primarily of the Mortgage Loans deposited by Financial Asset Securities Corp.
      (the “Depositor”). The Trust was created pursuant to a Pooling and Servicing
      Agreement dated as of November 1, 2006 (the “Agreement”) among the Depositor,
      National City Home Loan Services, Inc., as servicer (the “Servicer”), and
      Deutsche Bank National Trust Company, a national banking association, as trustee
      (the “Trustee”). To the extent not defined herein, the capitalized terms used
      herein have the meanings assigned in the Agreement. This Class C Certificate
      is
      issued under and is subject to the terms, provisions and conditions of the
      Agreement, to which Agreement the Holder of this Class C Certificate by virtue
      of the acceptance hereof assents and by which such Holder is bound.

     

    No
      transfer of a Certificate of this Class shall be made unless such transfer
      is
      made pursuant to an effective registration statement under the Act and any
      applicable state securities laws or is exempt from the registration requirements
      under said Act and such laws. In the event that a transfer is to be made in
      reliance upon an exemption from the Act and such laws, in order to assure
      compliance with the Act and such laws, the Certificateholder desiring to effect
      such transfer and such Certificateholder’s prospective transferee shall each
      certify to the Trustee and the Depositor in writing the facts surrounding the
      transfer. In the event that such a transfer is not to be made pursuant to Rule
      144A of the Act, there shall be delivered to the Trustee and the Depositor
      of an
      Opinion of Counsel that such transfer may be made pursuant to an exemption
      from
      the Act, which Opinion of Counsel shall not be obtained at the expense of the
      Trustee, the Servicer or the Depositor; or there shall be delivered to the
      Trustee and the Depositor a transferor certificate by the transferor and an
      investment letter shall be executed by the transferee. The Holder hereof
      desiring to effect such transfer shall, and does hereby agree to, indemnify
      the
      Trustee and the Depositor against any liability that may result if the transfer
      is not so exempt or is not made in accordance with such federal and state
      laws.

    

    No
      transfer of this Certificate to a Plan subject to ERISA or Section 4975 of
      the
      Code, any Person acting, directly or indirectly, on behalf of any such Plan
      or
      any person using Plan Assets to acquire this Certificate shall be made except
      in
      accordance with Section 5.02(d) of the Agreement.

     

    Reference
      is hereby made to the further provisions of this Class C Certificate set forth
      on the reverse hereof, which further provisions shall for all purposes have
      the
      same effect as if set forth at this place.

     

    This
      Class C Certificate shall not be entitled to any benefit under the Agreement
      or
      be valid for any purpose unless manually countersigned by an authorized
      signatory of the Trustee.

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    IN
      WITNESS WHEREOF, the Trustee on behalf of the Trust has caused this Certificate
      to be duly executed.

     

    Dated:
      November __, 2006

     

    
      	
              FIRST
                FRANKLIN MORTGAGE LOAN TRUST 2006-FF16

               

              DEUTSCHE
                BANK NATIONAL TRUST COMPANY, not in its individual capacity, but
                solely as
                Trustee

            
	 	 
	
              By:

            	 

    

    

    This
      is
      one of the C Certificates referenced

    in
      the
      within-mentioned Agreement

    

    

    By:__________________________________________

    Authorized
      Signatory of

    Deutsche
      Bank National Trust Company,

    as
      Trustee

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    [Reverse
      of Class C Certificate]

     

    First
      Franklin Mortgage Loan Trust 2006-FF16

    Asset-Backed
      Certificates,

    SERIES
      2006-FF16

     

    This
      Certificate is one of a duly authorized issue of Certificates designated as
      First Franklin Mortgage Loan Trust 2006-FF16, Asset-Backed Certificates, Series
      2006-FF16 (herein collectively called the “Certificates”), and representing a
      beneficial ownership interest in the Trust created by the
      Agreement.

     

    The
      Certificateholder, by its acceptance of this Certificate, agrees that it will
      look solely to the funds on deposit in the Distribution Account for payment
      hereunder and that the Trustee is not liable to the Certificateholders for
      any
      amount payable under this Certificate or the Agreement or, except as expressly
      provided in the Agreement, subject to any liability under the
      Agreement.

     

    This
      Certificate does not purport to summarize the Agreement and reference is made
      to
      the Agreement for the interests, rights and limitations of rights, benefits,
      obligations and duties evidenced thereby, and the rights, duties and immunities
      of the Trustee.

     

    Pursuant
      to the terms of the Agreement, a distribution will be made on the 25th day
      of
      each month or, if such 25th day is not a Business Day, then the Business Day
      immediately following such Distribution Date (the “Distribution Date”),
      commencing on the first Distribution Date specified on the face hereof, to
      the
      Person in whose name this Certificate is registered at the close of business
      on
      the applicable Record Date in an amount equal to the product of the Percentage
      Interest evidenced by this Certificate and the amount required to be distributed
      to Holders of Certificates of the Class to which this Certificate belongs on
      such Distribution Date pursuant to the Agreement.

     

    Distributions
      on this Certificate shall be made by check or money order mailed to the address
      of the person entitled thereto as it appears on the Certificate Register or
      by
      wire transfer or otherwise, as set forth in the Agreement. The final
      distribution on each Certificate will be made in like manner, but only upon
      presentment and surrender of such Certificate at the office of the Trustee
      or
      the Trustee’s agent specified in the notice to Certificateholders of such final
      distribution.

     

    The
      Agreement permits, with certain exceptions therein provided, the amendment
      thereof and the modification of the rights and obligations of the Trustee and
      the rights of the Certificateholders under the Agreement at any time by the
      Depositor, the Servicer and the Trustee and of Holders of the requisite
      percentage of the Percentage Interests of each Class of Certificates affected
      by
      such amendment, as specified in the Agreement. Any such consent by the Holder
      of
      this Certificate shall be conclusive and binding on such Holder and upon all
      future Holders of this Certificate and of any Certificate issued upon the
      transfer hereof or in exchange therefor or in lieu hereof whether or not
      notation of such consent is made upon this Certificate. The Agreement also
      permits the amendment thereof, in certain limited circumstances, without the
      consent of the Holders of any of the Certificates.

     

    As
      provided in the Agreement and subject to certain limitations therein set forth,
      the transfer of this Certificate is registrable in the Certificate Register
      of
      the Certificate Registrar upon surrender of this Certificate for registration
      of
      transfer at the offices or agencies of the Trustee as provided in the Pooling
      and Servicing Agreement accompanied by a written instrument of transfer in
      form
      satisfactory to the Trustee and the Certificate Registrar duly executed by
      the
      holder hereof or such holder’s attorney duly authorized in writing, and
      thereupon one or more new Certificates of the same Class in authorized
      denominations and evidencing the same aggregate Percentage Interest in the
      Trust
      will be issued to the designated transferee or transferees.

     

    The
      Certificates are issuable only as registered Certificates without coupons in
      denominations specified in the Agreement. As provided in the Agreement and
      subject to certain limitations therein set forth, Certificates are exchangeable
      for new Certificates of the same Class in authorized denominations and
      evidencing the same aggregate Percentage Interest, as requested by the Holder
      surrendering the same.

     

    No
      service charge will be made for any such registration of transfer or exchange,
      but the Trustee may require payment of a sum sufficient to cover any tax or
      other governmental charge payable in connection therewith.

     

    The
      Depositor, the Servicer and the Trustee and any agent of the Depositor, the
      Servicer or the Trustee 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 Servicer or any such agent shall be affected by any notice to
      the
      contrary.

     

    On
      any
      Distribution Date following the date at which the remaining aggregate Principal
      Balance of the Mortgage Loans is less than 10% of the Principal Balance of
      the
      Original Mortgage Loans as of the Cut-off Date, the Servicer may purchase,
      in
      whole, from the Trust the Mortgage Loans at a purchase price determined as
      provided in the Agreement. In the event that no such optional termination
      occurs, the obligations and responsibilities created by the Agreement will
      terminate upon notice to the Trustee upon the earliest of (i) the Distribution
      Date on which the Certificate Principal Balances of the Regular Certificates
      have been reduced to zero, (ii) the final payment or other liquidation of the
      last Mortgage Loan in the Trust, (iii) the optional purchase by the Servicer
      of
      the Mortgage Loans as described in the Agreement and (iv) the Distribution
      Date
      in December 2036.

     

    Capitalized
      terms used herein that are defined in the Agreement shall have the meanings
      ascribed to them in the Agreement, and nothing herein shall be deemed
      inconsistent with that meaning.

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    ASSIGNMENT

     

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

     

    
      	 
	 

    

    (Please
      print or typewrite name and address including postal zip code of
      assignee)

     

    the
      Percentage Interest evidenced by the within Certificate and hereby authorizes
      the transfer of registration of such Percentage Interest to assignee on the
      Certificate Register of the Trust.

     

    I
      (We)
      further direct the Trustee to issue a new Certificate of a like denomination
      and
      Class, to the above named assignee and deliver such Certificate to the following
      address:

    
      	 

    

    

     

    Dated:_________________

     

    

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    DISTRIBUTION
      INSTRUCTIONS

     

    The
      assignee should include the following for purposes of distribution:

     

    
      	
              Distributions
                shall be made, by wire transfer or otherwise, in immediately available
                

            
	
              funds
                to

            	 
	 
	
              for
                the account of

            	 
	
              account
                number

            	 	
              or,
                if mailed by check, to

            
	 
	
              Applicable
                statements should be mailed to

            	 
	 
	 
	
              This
                information is provided by

            	 
	
              assignee
                named above, or

            	 
	
              its
                agent.

            	 

    

    

    

    EXHIBIT
      A-16

     

    FORM
      OF
      CLASS P CERTIFICATE

     

    SOLELY
      FOR U.S. FEDERAL INCOME TAX PURPOSES, THIS CERTIFICATE IS A “REGULAR INTEREST”
IN A “REAL ESTATE MORTGAGE INVESTMENT CONDUIT,” AS THOSE TERMS ARE DEFINED,
      RESPECTIVELY, IN SECTIONS 860G AND 860D OF THE INTERNAL REVENUE CODE OF 1986,
      AS
      AMENDED (THE “CODE”).

     

    THIS
      CERTIFICATE HAS NOT BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933, AS AMENDED
      (THE “ACT”). ANY RESALE OR TRANSFER OF THIS CERTIFICATE WITHOUT REGISTRATION
      THEREOF UNDER THE ACT MAY ONLY BE MADE IN A TRANSACTION EXEMPTED FROM THE
      REGISTRATION REQUIREMENTS OF THE ACT AND IN ACCORDANCE WITH THE PROVISIONS
      OF
      THE AGREEMENT REFERRED TO HEREIN.

     

    NO
      TRANSFER OF THIS CERTIFICATE TO AN EMPLOYEE BENEFIT PLAN OR OTHER RETIREMENT
      ARRANGEMENT (EACH A “PLAN”) SUBJECT TO THE EMPLOYEE RETIREMENT INCOME SECURITY
      ACT OF 1974, AS AMENDED (“ERISA”), SHALL BE MADE EXCEPT IN COMPLIANCE WITH THE
      PROCEDURES DESCRIBED HEREIN.

    

    
      	
              Certificate
                No.

            	
              :

            	
              1

            
	
              Cut-off
                Date

            	
              :

            	
              November
                1, 2006

            
	
              First
                Distribution Date

            	
              :

            	
              December
                25, 2006

            
	
              Initial
                Certificate Principal Balance

              of
                this Certificate (“Denomination”)

            	
              :

            	
              $100.00

            
	
              Original
                Class Certificate

              Principal
                Balance of this Class

            	
              :

            	
              $100.00

            
	
              Percentage
                Interest

            	
              :

            	
              100.00%

            
	
              Class

            	
              :

            	
              P

            

    

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    First
      Franklin Mortgage Loan Trust 2006-FF16

    Asset-Backed
      Certificates,

    Series
      2006-FF16

    CLASS
      P

     

    evidencing
      the Percentage Interest in the distributions allocable to the Certificates
      of
      the above-referenced Class with respect to the Trust consisting of first lien
      adjustable rate and fixed rate mortgage loans (the “Mortgage
      Loans”)

     

    FINANCIAL
      ASSET SECURITIES CORP., AS DEPOSITOR

     

    Principal
      in respect of this Certificate is distributable monthly as set forth herein.
      Accordingly, the Certificate Principal Balance of this Class P Certificate at
      any time may be less than the Initial Certificate Principal Balance set forth
      on
      the face hereof, as described herein. This Class P Certificate does not evidence
      an obligation of, or an interest in, and is not guaranteed by the Depositor,
      the
      Servicer, or the Trustee referred to below or any of their respective
      affiliates.

     

    This
      certifies that GREENWICH CAPITAL MARKETS, INC. is the registered owner of the
      Percentage Interest evidenced by this Class P Certificate (obtained by dividing
      the Denomination of this Class P Certificate by the Original Class Certificate
      Principal Balance) in certain distributions with respect to a Trust consisting
      primarily of the Mortgage Loans deposited by Financial Asset Securities Corp.
      (the “Depositor”). The Trust was created pursuant to a Pooling and Servicing
      Agreement dated as of November 1, 2006 (the “Agreement”) among the Depositor,
      National City Home Loan Services, Inc., as servicer (the “Servicer”), and
      Deutsche Bank National Trust Company, a national banking association, as trustee
      (the “Trustee”). To the extent not defined herein, the capitalized terms used
      herein have the meanings assigned in the Agreement. This Class P Certificate
      is
      issued under and is subject to the terms, provisions and conditions of the
      Agreement, to which Agreement the Holder of this Class P Certificate by virtue
      of the acceptance hereof assents and by which such Holder is bound.

     

    This
      Certificate does not have a pass-through rate and will be entitled to
      distributions only to the extent set forth in the Agreement.

     

    No
      transfer of a Certificate of this Class shall be made unless such transfer
      is
      made pursuant to an effective registration statement under the Act and any
      applicable state securities laws or is exempt from the registration requirements
      under said Act and such laws. In the event that a transfer is to be made in
      reliance upon an exemption from the Act and such laws, in order to assure
      compliance with the Act and such laws, the Certificateholder desiring to effect
      such transfer and such Certificateholder’s prospective transferee shall each
      certify to the Trustee and the Depositor in writing the facts surrounding the
      transfer. In the event that such a transfer is not to be made pursuant to Rule
      144A of the Act, there shall be delivered to the Trustee and the Depositor
      of an
      Opinion of Counsel that such transfer may be made pursuant to an exemption
      from
      the Act, which Opinion of Counsel shall not be obtained at the expense of the
      Trustee, the Servicer or the Depositor; or there shall be delivered to the
      Trustee and the Depositor a transferor certificate by the transferor and an
      investment letter shall be executed by the transferee. The Holder hereof
      desiring to effect such transfer shall, and does hereby agree to, indemnify
      the
      Trustee and the Depositor against any liability that may result if the transfer
      is not so exempt or is not made in accordance with such federal and state
      laws.

     

    No
      transfer of this Certificate to a Plan subject to ERISA or Section 4975 of
      the
      Code, any Person acting, directly or indirectly, on behalf of any such Plan
      or
      any person using Plan Assets to acquire this Certificate shall be made except
      in
      accordance with Section 5.02(d) of the Agreement.

     

    Reference
      is hereby made to the further provisions of this Class P Certificate set forth
      on the reverse hereof, which further provisions shall for all purposes have
      the
      same effect as if set forth at this place.

     

    This
      Class P Certificate shall not be entitled to any benefit under the Agreement
      or
      be valid for any purpose unless manually countersigned by an authorized
      signatory of the Trustee.

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    IN
      WITNESS WHEREOF, the Trustee on behalf of the Trust has caused this Certificate
      to be duly executed.

     

    Dated:
      November __, 2006

     

    
      	
              FIRST
                FRANKLIN MORTGAGE LOAN TRUST 2006-FF16

               

              DEUTSCHE
                BANK NATIONAL TRUST COMPANY, not in its individual capacity, but
                solely as
                Trustee

            
	 	 
	
              By:

            	 

    

    

    This
      is
      one of the P Certificates referenced

    in
      the
      within-mentioned Agreement

    

    

    By:__________________________________________

    Authorized
      Signatory of

    Deutsche
      Bank National Trust Company,

    as
      Trustee

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    [Reverse
      of Class P Certificate]

     

    First
      Franklin Mortgage Loan Trust 2006-FF16

    Asset-Backed
      Certificates,

    SERIES
      2006-FF16

     

    This
      Certificate is one of a duly authorized issue of Certificates designated as
      First Franklin Mortgage Loan Trust 2006-FF16, Asset-Backed Certificates, Series
      2006-FF16 (herein collectively called the “Certificates”), and representing a
      beneficial ownership interest in the Trust created by the
      Agreement.

     

    The
      Certificateholder, by its acceptance of this Certificate, agrees that it will
      look solely to the funds on deposit in the Distribution Account for payment
      hereunder and that the Trustee is not liable to the Certificateholders for
      any
      amount payable under this Certificate or the Agreement or, except as expressly
      provided in the Agreement, subject to any liability under the
      Agreement.

     

    This
      Certificate does not purport to summarize the Agreement and reference is made
      to
      the Agreement for the interests, rights and limitations of rights, benefits,
      obligations and duties evidenced thereby, and the rights, duties and immunities
      of the Trustee.

     

    Pursuant
      to the terms of the Agreement, a distribution will be made on the 25th day
      of
      each month or, if such 25th day is not a Business Day, then the Business Day
      immediately following such Distribution Date (the “Distribution Date”),
      commencing on the first Distribution Date specified on the face hereof, to
      the
      Person in whose name this Certificate is registered at the close of business
      on
      the applicable Record Date in an amount equal to the product of the Percentage
      Interest evidenced by this Certificate and the amount required to be distributed
      to Holders of Certificates of the Class to which this Certificate belongs on
      such Distribution Date pursuant to the Agreement.

     

    Distributions
      on this Certificate shall be made by check or money order mailed to the address
      of the person entitled thereto as it appears on the Certificate Register or
      by
      wire transfer or otherwise, as set forth in the Agreement. The final
      distribution on each Certificate will be made in like manner, but only upon
      presentment and surrender of such Certificate at the office of the Trustee
      or
      the Trustee’s agent specified in the notice to Certificateholders of such final
      distribution.

     

    The
      Agreement permits, with certain exceptions therein provided, the amendment
      thereof and the modification of the rights and obligations of the Trustee and
      the rights of the Certificateholders under the Agreement at any time by the
      Depositor, the Servicer and the Trustee and of Holders of the requisite
      percentage of the Percentage Interests of each Class of Certificates affected
      by
      such amendment, as specified in the Agreement. Any such consent by the Holder
      of
      this Certificate shall be conclusive and binding on such Holder and upon all
      future Holders of this Certificate and of any Certificate issued upon the
      transfer hereof or in exchange therefor or in lieu hereof whether or not
      notation of such consent is made upon this Certificate. The Agreement also
      permits the amendment thereof, in certain limited circumstances, without the
      consent of the Holders of any of the Certificates.

     

    As
      provided in the Agreement and subject to certain limitations therein set forth,
      the transfer of this Certificate is registrable in the Certificate Register
      of
      the Certificate Registrar upon surrender of this Certificate for registration
      of
      transfer at the offices or agencies of the Trustee as provided in the Pooling
      and Servicing Agreement accompanied by a written instrument of transfer in
      form
      satisfactory to the Trustee and the Certificate Registrar duly executed by
      the
      holder hereof or such holder’s attorney duly authorized in writing, and
      thereupon one or more new Certificates of the same Class in authorized
      denominations and evidencing the same aggregate Percentage Interest in the
      Trust
      will be issued to the designated transferee or transferees.

     

    The
      Certificates are issuable only as registered Certificates without coupons in
      denominations specified in the Agreement. As provided in the Agreement and
      subject to certain limitations therein set forth, Certificates are exchangeable
      for new Certificates of the same Class in authorized denominations and
      evidencing the same aggregate Percentage Interest, as requested by the Holder
      surrendering the same.

     

    No
      service charge will be made for any such registration of transfer or exchange,
      but the Trustee may require payment of a sum sufficient to cover any tax or
      other governmental charge payable in connection therewith.

     

    The
      Depositor, the Servicer and the Trustee and any agent of the Depositor, the
      Servicer or the Trustee 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 Servicer or any such agent shall be affected by any notice to
      the
      contrary.

     

    On
      any
      Distribution Date following the date at which the remaining aggregate Principal
      Balance of the Mortgage Loans is less than 10% of the Principal Balance of
      the
      Original Mortgage Loans as of the Cut-off Date, the Servicer may purchase,
      in
      whole, from the Trust the Mortgage Loans at a purchase price determined as
      provided in the Agreement. In the event that no such optional termination
      occurs, the obligations and responsibilities created by the Agreement will
      terminate upon notice to the Trustee upon the earliest of (i) the Distribution
      Date on which the Certificate Principal Balances of the Regular Certificates
      have been reduced to zero, (ii) the final payment or other liquidation of the
      last Mortgage Loan in the Trust, (iii) the optional purchase by the Servicer
      of
      the Mortgage Loans as described in the Agreement and (iv) the Distribution
      Date
      in December 2036.

     

    Capitalized
      terms used herein that are defined in the Agreement shall have the meanings
      ascribed to them in the Agreement, and nothing herein shall be deemed
      inconsistent with that meaning.

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    ASSIGNMENT

     

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

     

    
      	 
	 

    

    (Please
      print or typewrite name and address including postal zip code of
      assignee)

     

    the
      Percentage Interest evidenced by the within Certificate and hereby authorizes
      the transfer of registration of such Percentage Interest to assignee on the
      Certificate Register of the Trust.

     

    I
      (We)
      further direct the Trustee to issue a new Certificate of a like denomination
      and
      Class, to the above named assignee and deliver such Certificate to the following
      address:

    
      	 

    

    

     

    Dated:_________________

     

    

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    DISTRIBUTION
      INSTRUCTIONS

     

    The
      assignee should include the following for purposes of distribution:

     

    
      	
              Distributions
                shall be made, by wire transfer or otherwise, in immediately available
                

            
	
              funds
                to

            	 
	 
	
              for
                the account of

            	 
	
              account
                number

            	 	
              or,
                if mailed by check, to

            
	 
	
              Applicable
                statements should be mailed to

            	 
	 
	 
	
              This
                information is provided by

            	 
	
              assignee
                named above, or

            	 
	
              its
                agent.

            	 

    

    

    

    EXHIBIT
      A-17

     

    FORM
      OF
      CLASS R CERTIFICATE

     

    SOLELY
      FOR U.S. FEDERAL INCOME TAX PURPOSES, THIS CERTIFICATE IS A “RESIDUAL INTEREST”
IN A “REAL ESTATE MORTGAGE INVESTMENT CONDUIT,” AS THOSE TERMS ARE DEFINED,
      RESPECTIVELY, IN SECTIONS 860G AND 860D OF THE INTERNAL REVENUE CODE OF 1986,
      AS
      AMENDED (THE “CODE”).

     

    THIS
      CERTIFICATE HAS NOT BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933, AS AMENDED
      (THE “ACT”). ANY RESALE OR TRANSFER OF THIS CERTIFICATE WITHOUT REGISTRATION
      THEREOF UNDER THE ACT MAY ONLY BE MADE IN A TRANSACTION EXEMPTED FROM THE
      REGISTRATION REQUIREMENTS OF THE ACT AND IN ACCORDANCE WITH THE PROVISIONS
      OF
      THE AGREEMENT REFERRED TO HEREIN.

     

    THIS
      CLASS R CERTIFICATE HAS NO PRINCIPAL BALANCE, DOES NOT BEAR INTEREST AND WILL
      NOT RECEIVE ANY DISTRIBUTIONS EXCEPT AS PROVIDED HEREIN.

     

    NEITHER
      THIS CERTIFICATE NOR ANY INTEREST HEREIN MAY BE TRANSFERRED UNLESS THE PROPOSED
      TRANSFEREE DELIVERS TO THE TRUSTEE A TRANSFER AFFIDAVIT IN ACCORDANCE WITH
      THE
      PROVISIONS OF THE AGREEMENT REFERRED TO HEREIN.

     

    NO
      TRANSFER OF THIS CERTIFICATE TO AN EMPLOYEE BENEFIT PLAN OR OTHER RETIREMENT
      ARRANGEMENT (EACH A “PLAN”) SUBJECT TO THE EMPLOYEE RETIREMENT INCOME SECURITY
      ACT OF 1974, AS AMENDED (“ERISA”), SHALL BE MADE EXCEPT IN COMPLIANCE WITH THE
      PROCEDURES DESCRIBED HEREIN.

    

    
      	
              Certificate
                No.

            	
              :

            	
              1

            
	
              Cut-off
                Date

            	
              :

            	
              November
                1, 2006

            
	
              First
                Distribution Date

            	
              :

            	
              December
                25, 2006

            
	
              Percentage
                Interest

            	
              :

            	
              100.00%

            
	
              Class

            	
              :

            	
              R

            

    

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    First
      Franklin Mortgage Loan Trust 2006-FF16

    Asset-Backed
      Certificates,

    Series
      2006-FF16

    CLASS
      R

     

    evidencing
      the Percentage Interest in the distributions allocable to the Certificates
      of
      the above-referenced Class with respect to the Trust consisting primarily of
      a
      pool of first lien adjustable rate and fixed rate mortgage loans (the “Mortgage
      Loans”)

     

    FINANCIAL
      ASSET SECURITIES CORP., AS DEPOSITOR

     

    This
      Certificate does not evidence an obligation of, or an interest in, and is not
      guaranteed by the Depositor, the Servicer or the Trustee referred to below
      or
      any of their respective affiliates.

     

    This
      certifies that GREENWICH CAPITAL MARKETS, INC. is the registered owner of the
      Percentage Interest evidenced by this Certificate specified above in the
      interest represented by all Certificates of the Class to which this Certificate
      belongs in a Trust consisting primarily of the Mortgage Loans deposited by
      Financial Asset Securities Corp. (the “Depositor”). The Trust was created
      pursuant to a Pooling and Servicing Agreement dated as of November 1, 2006
      (the
“Agreement”) among the Depositor, National City Home Loan Services, Inc., as
      servicer (the “Servicer”), and Deutsche Bank National Trust Company, a national
      banking association, as trustee (the “Trustee”). To the extent not defined
      herein, the capitalized terms used herein have the meanings assigned in the
      Agreement. This Certificate is issued under and is subject to the terms,
      provisions and conditions of the Agreement, to which Agreement the Holder of
      this Certificate by virtue of the acceptance hereof assents and by which such
      Holder is bound.

     

    This
      Certificate does not have a principal balance or pass-through rate and will
      be
      entitled to distributions only to the extent set forth in the Agreement. In
      addition, any distribution of the proceeds of any remaining assets of the Trust
      will be made only upon presentment and surrender of this Certificate at the
      Office or the office or agency maintained by the Trustee.

     

    No
      transfer of a Certificate of this Class shall be made unless such transfer
      is
      made pursuant to an effective registration statement under the Act and any
      applicable state securities laws or is exempt from the registration requirements
      under said Act and such laws. In the event that a transfer is to be made in
      reliance upon an exemption from the Act and such laws, in order to assure
      compliance with the Act and such laws, the Certificateholder desiring to effect
      such transfer and such Certificateholder’s prospective transferee shall each
      certify to the Trustee and the Depositor in writing the facts surrounding the
      transfer. In the event that such a transfer is not to be made pursuant to Rule
      144A of the Act, there shall be delivered to the Trustee and the Depositor
      of an
      Opinion of Counsel that such transfer may be made pursuant to an exemption
      from
      the Act, which Opinion of Counsel shall not be obtained at the expense of the
      Trustee, the Servicer or the Depositor; or there shall be delivered to the
      Trustee and the Depositor a transferor certificate by the transferor and an
      investment letter shall be executed by the transferee. The Holder hereof
      desiring to effect such transfer shall, and does hereby agree to, indemnify
      the
      Trustee and the Depositor against any liability that may result if the transfer
      is not so exempt or is not made in accordance with such federal and state
      laws.

     

    No
      transfer of this Certificate to a Plan subject to ERISA or Section 4975 of
      the
      Code, any Person acting, directly or indirectly, on behalf of any such Plan
      or
      any person using Plan Assets to acquire this Certificate shall be made except
      in
      accordance with Section 5.02(d) of the Agreement.

     

    Each
      Holder of this Certificate will be deemed to have agreed to be bound by the
      restrictions of the Agreement, including but not limited to the restrictions
      that (i) each person holding or acquiring any Ownership Interest in this
      Certificate must be a Permitted Transferee, (ii) no Ownership Interest in this
      Certificate may be transferred without delivery to the Trustee of (a) a transfer
      affidavit of the proposed transferee and (b) a transfer certificate of the
      transferor, each of such documents to be in the form described in the Agreement,
      (iii) each person holding or acquiring any Ownership Interest in this
      Certificate must agree to require a transfer affidavit and to deliver a transfer
      certificate to the Trustee as required pursuant to the Agreement, (iv) each
      person holding or acquiring an Ownership Interest in this Certificate must
      agree
      not to transfer an Ownership Interest in this Certificate if it has actual
      knowledge that the proposed transferee is not a Permitted Transferee and (v)
      any
      attempted or purported transfer of any Ownership Interest in this Certificate
      in
      violation of such restrictions will be absolutely null and void and will vest
      no
      rights in the purported transferee. Pursuant to the Agreement, The Trustee
      will
      provide the Internal Revenue Service and any pertinent persons with the
      information needed to compute the tax imposed under the applicable tax laws
      on
      transfers of residual interests to disqualified organizations, if any person
      other than a Permitted Transferee acquires an Ownership Interest on a Class
      R
      Certificate in violation of the restrictions mentioned above.

     

    Reference
      is hereby made to the further provisions of this Certificate set forth on the
      reverse hereof, which further provisions shall for all purposes have the same
      effect as if set forth at this place.

     

    This
      Certificate shall not be entitled to any benefit under the Agreement or be
      valid
      for any purpose unless manually countersigned by an authorized officer of the
      Trustee.

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    IN
      WITNESS WHEREOF, the Trustee on behalf of the Trust has caused this Certificate
      to be duly executed.

     

    Dated:
      November __, 2006

     

    
      	
              FIRST
                FRANKLIN MORTGAGE LOAN TRUST 2006-FF16

               

              DEUTSCHE
                BANK NATIONAL TRUST COMPANY, not in its individual capacity, but
                solely as
                Trustee

            
	 	 
	
              By:

            	 

    

    

    This
      is
      one of the R Certificates referenced

    in
      the
      within-mentioned Agreement

    

    

    By:__________________________________________

    Authorized
      Signatory of

    Deutsche
      Bank National Trust Company,

    as
      Trustee

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    [Reverse
      of Class R Certificate]

     

    First
      Franklin Mortgage Loan Trust 2006-FF16

    Asset-Backed
      Certificates,

    SERIES
      2006-FF16

     

    This
      Certificate is one of a duly authorized issue of Certificates designated as
      First Franklin Mortgage Loan Trust 2006-FF16 Asset-Backed Certificates, Series
      2006-FF16 (herein collectively called the “Certificates”), and representing a
      beneficial ownership interest in the Trust created by the
      Agreement.

     

    The
      Certificateholder, by its acceptance of this Certificate, agrees that it will
      look solely to the funds on deposit in the Distribution Account for payment
      hereunder and that the Trustee is not liable to the Certificateholders for
      any
      amount payable under this Certificate or the Agreement or, except as expressly
      provided in the Agreement, subject to any liability under the
      Agreement.

     

    This
      Certificate does not purport to summarize the Agreement and reference is made
      to
      the Agreement for the interests, rights and limitations of rights, benefits,
      obligations and duties evidenced thereby, and the rights, duties and immunities
      of the Trustee.

     

    Pursuant
      to the terms of the Agreement, a distribution will be made on the 25th day
      of
      each month or, if such 25th day is not a Business Day, then the Business Day
      immediately following such Distribution Date (the “Distribution Date”),
      commencing on the first Distribution Date specified on the face hereof, to
      the
      Person in whose name this Certificate is registered at the close of business
      on
      the applicable Record Date in an amount equal to the product of the Percentage
      Interest evidenced by this Certificate and the amount required to be distributed
      to Holders of Certificates of the Class to which this Certificate belongs on
      such Distribution Date pursuant to the Agreement.

     

    Distributions
      on this Certificate shall be made by check or money order mailed to the address
      of the person entitled thereto as it appears on the Certificate Register or
      by
      wire transfer or otherwise, as set forth in the Agreement. The final
      distribution on each Certificate will be made in like manner, but only upon
      presentment and surrender of such Certificate at the office of the Trustee
      or
      the Trustee’s agent specified in the notice to Certificateholders of such final
      distribution.

     

    The
      Agreement permits, with certain exceptions therein provided, the amendment
      thereof and the modification of the rights and obligations of the Trustee and
      the rights of the Certificateholders under the Agreement at any time by the
      Depositor, the Servicer and the Trustee and of Holders of the requisite
      percentage of the Percentage Interests of each Class of Certificates affected
      by
      such amendment, as specified in the Agreement. Any such consent by the Holder
      of
      this Certificate shall be conclusive and binding on such Holder and upon all
      future Holders of this Certificate and of any Certificate issued upon the
      transfer hereof or in exchange therefor or in lieu hereof whether or not
      notation of such consent is made upon this Certificate. The Agreement also
      permits the amendment thereof, in certain limited circumstances, without the
      consent of the Holders of any of the Certificates.

     

    As
      provided in the Agreement and subject to certain limitations therein set forth,
      the transfer of this Certificate is registrable in the Certificate Register
      of
      the Certificate Registrar upon surrender of this Certificate for registration
      of
      transfer at the offices or agencies of the Trustee as provided in the Pooling
      and Servicing Agreement accompanied by a written instrument of transfer in
      form
      satisfactory to the Trustee and the Certificate Registrar duly executed by
      the
      holder hereof or such holder’s attorney duly authorized in writing, and
      thereupon one or more new Certificates of the same Class in authorized
      denominations and evidencing the same aggregate Percentage Interest in the
      Trust
      will be issued to the designated transferee or transferees.

     

    The
      Certificates are issuable only as registered Certificates without coupons in
      denominations specified in the Agreement. As provided in the Agreement and
      subject to certain limitations therein set forth, Certificates are exchangeable
      for new Certificates of the same Class in authorized denominations and
      evidencing the same aggregate Percentage Interest, as requested by the Holder
      surrendering the same.

     

    No
      service charge will be made for any such registration of transfer or exchange,
      but the Trustee may require payment of a sum sufficient to cover any tax or
      other governmental charge payable in connection therewith.

     

    The
      Depositor, the Servicer and the Trustee and any agent of the Depositor, the
      Servicer or the Trustee 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 Servicer or any such agent shall be affected by any notice to
      the
      contrary.

     

    On
      any
      Distribution Date following the date at which the remaining aggregate Principal
      Balance of the Mortgage Loans is less than 10% of the Principal Balance of
      the
      Original Mortgage Loans as of the Cut-off Date, the Servicer may purchase,
      in
      whole, from the Trust the Mortgage Loans at a purchase price determined as
      provided in the Agreement. In the event that no such optional termination
      occurs, the obligations and responsibilities created by the Agreement will
      terminate upon notice to the Trustee upon the earliest of (i) the Distribution
      Date on which the Certificate Principal Balances of the Regular Certificates
      have been reduced to zero, (ii) the final payment or other liquidation of the
      last Mortgage Loan in the Trust, (iii) the optional purchase by the Servicer
      of
      the Mortgage Loans as described in the Agreement and (iv) the Distribution
      Date
      in December 2036.

     

    Capitalized
      terms used herein that are defined in the Agreement shall have the meanings
      ascribed to them in the Agreement, and nothing herein shall be deemed
      inconsistent with that meaning.

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    ASSIGNMENT

     

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

     

    
      	 
	 

    

    (Please
      print or typewrite name and address including postal zip code of
      assignee)

     

    the
      Percentage Interest evidenced by the within Certificate and hereby authorizes
      the transfer of registration of such Percentage Interest to assignee on the
      Certificate Register of the Trust.

     

    I
      (We)
      further direct the Trustee to issue a new Certificate of a like denomination
      and
      Class, to the above named assignee and deliver such Certificate to the following
      address:

    
      	 

    

    

     

    Dated:_________________

     

    

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    DISTRIBUTION
      INSTRUCTIONS

     

    The
      assignee should include the following for purposes of distribution:

     

    
      	
              Distributions
                shall be made, by wire transfer or otherwise, in immediately available
                

            
	
              funds
                to

            	 
	 
	
              for
                the account of

            	 
	
              account
                number

            	 	
              or,
                if mailed by check, to

            
	 
	
              Applicable
                statements should be mailed to

            	 
	 
	 
	
              This
                information is provided by

            	 
	
              assignee
                named above, or

            	 
	
              its
                agent.

            	 

    

    

     

    

    EXHIBIT
      A-18

     

    FORM
      OF
      CLASS R-X CERTIFICATES

     

    SOLELY
      FOR U.S. FEDERAL INCOME TAX PURPOSES, THIS CERTIFICATE IS A “RESIDUAL INTEREST”
IN A “REAL ESTATE MORTGAGE INVESTMENT CONDUIT,” AS THOSE TERMS ARE DEFINED,
      RESPECTIVELY, IN SECTIONS 860G AND 860D OF THE INTERNAL REVENUE CODE OF 1986,
      AS
      AMENDED (THE “CODE”).

     

    THIS
      CERTIFICATE HAS NOT BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933, AS AMENDED
      (THE “ACT”). ANY RESALE OR TRANSFER OF THIS CERTIFICATE WITHOUT REGISTRATION
      THEREOF UNDER THE ACT MAY ONLY BE MADE IN A TRANSACTION EXEMPTED FROM THE
      REGISTRATION REQUIREMENTS OF THE ACT AND IN ACCORDANCE WITH THE PROVISIONS
      OF
      THE AGREEMENT REFERRED TO HEREIN.

     

    THIS
      CLASS R-X CERTIFICATE HAS NO PRINCIPAL BALANCE, DOES NOT BEAR INTEREST AND
      WILL
      NOT RECEIVE ANY DISTRIBUTIONS EXCEPT AS PROVIDED HEREIN.

     

    NEITHER
      THIS CERTIFICATE NOR ANY INTEREST HEREIN MAY BE TRANSFERRED UNLESS THE PROPOSED
      TRANSFEREE DELIVERS TO THE TRUSTEE A TRANSFER AFFIDAVIT IN ACCORDANCE WITH
      THE
      PROVISIONS OF THE AGREEMENT REFERRED TO HEREIN.

     

    NO
      TRANSFER OF THIS CERTIFICATE TO AN EMPLOYEE BENEFIT PLAN OR OTHER RETIREMENT
      ARRANGEMENT (EACH A “PLAN”) SUBJECT TO THE EMPLOYEE RETIREMENT INCOME SECURITY
      ACT OF 1974, AS AMENDED (“ERISA”), SHALL BE MADE EXCEPT IN COMPLIANCE WITH THE
      PROCEDURES DESCRIBED HEREIN.

    

    
      	
              Certificate
                No.

            	
              :

            	
              1

            
	
              Cut-off
                Date

            	
              :

            	
              November
                1, 2006

            
	
              First
                Distribution Date

            	
              :

            	
              December
                25, 2006

            
	
              Percentage
                Interest

            	
              :

            	
              100.00%

            
	
              Class

            	
              :

            	
              R-X

            

    

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    First
      Franklin Mortgage Loan Trust 2006-FF16

    Asset-Backed
      Certificates,

    Series
      2006-FF16

    CLASS
      R-X

     

    evidencing
      the Percentage Interest in the distributions allocable to the Certificates
      of
      the above-referenced Class with respect to the Trust consisting primarily of
      a
      pool of first lien adjustable rate and fixed rate mortgage loans (the “Mortgage
      Loans”)

     

    FINANCIAL
      ASSET SECURITIES CORP., AS DEPOSITOR

     

    This
      Certificate does not evidence an obligation of, or an interest in, and is not
      guaranteed by the Depositor, the Servicer or the Trustee referred to below
      or
      any of their respective affiliates.

     

    This
      certifies that GREENWICH CAPITAL MARKETS, INC. is the registered owner of the
      Percentage Interest evidenced by this Certificate specified above in the
      interest represented by all Certificates of the Class to which this Certificate
      belongs in a Trust consisting primarily of the Mortgage Loans deposited by
      Financial Asset Securities Corp. (the “Depositor”). The Trust was created
      pursuant to a Pooling and Servicing Agreement dated as of November 1, 2006
      (the
“Agreement”) among the Depositor, National City Home Loan Services, Inc., as
      servicer (the “Servicer”), and Deutsche Bank National Trust Company, a national
      banking association, as trustee (the “Trustee”). To the extent not defined
      herein, the capitalized terms used herein have the meanings assigned in the
      Agreement. This Certificate is issued under and is subject to the terms,
      provisions and conditions of the Agreement, to which Agreement the Holder of
      this Certificate by virtue of the acceptance hereof assents and by which such
      Holder is bound.

     

    This
      Certificate does not have a principal balance or pass-through rate and will
      be
      entitled to distributions only to the extent set forth in the Agreement. In
      addition, any distribution of the proceeds of any remaining assets of the Trust
      will be made only upon presentment and surrender of this Certificate at the
      Office or the office or agency maintained by the Trustee.

     

    No
      transfer of a Certificate of this Class shall be made unless such transfer
      is
      made pursuant to an effective registration statement under the Act and any
      applicable state securities laws or is exempt from the registration requirements
      under said Act and such laws. In the event that a transfer is to be made in
      reliance upon an exemption from the Act and such laws, in order to assure
      compliance with the Act and such laws, the Certificateholder desiring to effect
      such transfer and such Certificateholder’s prospective transferee shall each
      certify to the Trustee and the Depositor in writing the facts surrounding the
      transfer. In the event that such a transfer is not to be made pursuant to Rule
      144A of the Act, there shall be delivered to the Trustee and the Depositor
      of an
      Opinion of Counsel that such transfer may be made pursuant to an exemption
      from
      the Act, which Opinion of Counsel shall not be obtained at the expense of the
      Trustee, the Servicer or the Depositor; or there shall be delivered to the
      Trustee and the Depositor a transferor certificate by the transferor and an
      investment letter shall be executed by the transferee. The Holder hereof
      desiring to effect such transfer shall, and does hereby agree to, indemnify
      the
      Trustee and the Depositor against any liability that may result if the transfer
      is not so exempt or is not made in accordance with such federal and state
      laws.

     

    No
      transfer of this Certificate to a Plan subject to ERISA or Section 4975 of
      the
      Code, any Person acting, directly or indirectly, on behalf of any such Plan
      or
      any person using Plan Assets to acquire this Certificate shall be made except
      in
      accordance with Section 5.02(d) of the Agreement.

     

    Each
      Holder of this Certificate will be deemed to have agreed to be bound by the
      restrictions of the Agreement, including but not limited to the restrictions
      that (i) each person holding or acquiring any Ownership Interest in this
      Certificate must be a Permitted Transferee, (ii) no Ownership Interest in this
      Certificate may be transferred without delivery to the Trustee of (a) a transfer
      affidavit of the proposed transferee and (b) a transfer certificate of the
      transferor, each of such documents to be in the form described in the Agreement,
      (iii) each person holding or acquiring any Ownership Interest in this
      Certificate must agree to require a transfer affidavit and to deliver a transfer
      certificate to the Trustee as required pursuant to the Agreement, (iv) each
      person holding or acquiring an Ownership Interest in this Certificate must
      agree
      not to transfer an Ownership Interest in this Certificate if it has actual
      knowledge that the proposed transferee is not a Permitted Transferee and (v)
      any
      attempted or purported transfer of any Ownership Interest in this Certificate
      in
      violation of such restrictions will be absolutely null and void and will vest
      no
      rights in the purported transferee. Pursuant to the Agreement, The Trustee
      will
      provide the Internal Revenue Service and any pertinent persons with the
      information needed to compute the tax imposed under the applicable tax laws
      on
      transfers of residual interests to disqualified organizations, if any person
      other than a Permitted Transferee acquires an Ownership Interest on a Class
      R-X
      Certificate in violation of the restrictions mentioned above.

     

    Reference
      is hereby made to the further provisions of this Certificate set forth on the
      reverse hereof, which further provisions shall for all purposes have the same
      effect as if set forth at this place.

     

    This
      Certificate shall not be entitled to any benefit under the Agreement or be
      valid
      for any purpose unless manually countersigned by an authorized officer of the
      Trustee.

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    IN
      WITNESS WHEREOF, the Trustee on behalf of the Trust has caused this Certificate
      to be duly executed.

     

    Dated:
      November __, 2006

     

    
      	
              FIRST
                FRANKLIN MORTGAGE LOAN TRUST 2006-FF16

               

              DEUTSCHE
                BANK NATIONAL TRUST COMPANY, not in its individual capacity, but
                solely as
                Trustee

            
	 	 
	
              By:

            	 

    

    

    This
      is
      one of the R-X Certificates referenced

    in
      the
      within-mentioned Agreement

    

    

    By:__________________________________________

    Authorized
      Signatory of

    Deutsche
      Bank National Trust Company,

    as
      Trustee

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    [Reverse
      of Class R-X Certificate]

     

    First
      Franklin Mortgage Loan Trust 2006-FF16

    Asset-Backed
      Certificates,

    SERIES
      2006-FF16

     

    This
      Certificate is one of a duly authorized issue of Certificates designated as
      First Franklin Mortgage Loan Trust 2006-FF16, Asset-Backed Certificates, Series
      2006-FF16 (herein collectively called the “Certificates”), and representing a
      beneficial ownership interest in the Trust created by the
      Agreement.

     

    The
      Certificateholder, by its acceptance of this Certificate, agrees that it will
      look solely to the funds on deposit in the Distribution Account for payment
      hereunder and that the Trustee is not liable to the Certificateholders for
      any
      amount payable under this Certificate or the Agreement or, except as expressly
      provided in the Agreement, subject to any liability under the
      Agreement.

     

    This
      Certificate does not purport to summarize the Agreement and reference is made
      to
      the Agreement for the interests, rights and limitations of rights, benefits,
      obligations and duties evidenced thereby, and the rights, duties and immunities
      of the Trustee.

     

    Pursuant
      to the terms of the Agreement, a distribution will be made on the 25th day
      of
      each month or, if such 25th day is not a Business Day, then the Business Day
      immediately following such Distribution Date (the “Distribution Date”),
      commencing on the first Distribution Date specified on the face hereof, to
      the
      Person in whose name this Certificate is registered at the close of business
      on
      the applicable Record Date in an amount equal to the product of the Percentage
      Interest evidenced by this Certificate and the amount required to be distributed
      to Holders of Certificates of the Class to which this Certificate belongs on
      such Distribution Date pursuant to the Agreement.

     

    Distributions
      on this Certificate shall be made by check or money order mailed to the address
      of the person entitled thereto as it appears on the Certificate Register or
      by
      wire transfer or otherwise, as set forth in the Agreement. The final
      distribution on each Certificate will be made in like manner, but only upon
      presentment and surrender of such Certificate at the office of the Trustee
      or
      the Trustee’s agent specified in the notice to Certificateholders of such final
      distribution.

     

    The
      Agreement permits, with certain exceptions therein provided, the amendment
      thereof and the modification of the rights and obligations of the Trustee and
      the rights of the Certificateholders under the Agreement at any time by the
      Depositor, the Servicer and the Trustee and of Holders of the requisite
      percentage of the Percentage Interests of each Class of Certificates affected
      by
      such amendment, as specified in the Agreement. Any such consent by the Holder
      of
      this Certificate shall be conclusive and binding on such Holder and upon all
      future Holders of this Certificate and of any Certificate issued upon the
      transfer hereof or in exchange therefor or in lieu hereof whether or not
      notation of such consent is made upon this Certificate. The Agreement also
      permits the amendment thereof, in certain limited circumstances, without the
      consent of the Holders of any of the Certificates.

     

    As
      provided in the Agreement and subject to certain limitations therein set forth,
      the transfer of this Certificate is registrable in the Certificate Register
      of
      the Certificate Registrar upon surrender of this Certificate for registration
      of
      transfer at the offices or agencies of the Trustee as provided in the Pooling
      and Servicing Agreement accompanied by a written instrument of transfer in
      form
      satisfactory to the Trustee and the Certificate Registrar duly executed by
      the
      holder hereof or such holder’s attorney duly authorized in writing, and
      thereupon one or more new Certificates of the same Class in authorized
      denominations and evidencing the same aggregate Percentage Interest in the
      Trust
      will be issued to the designated transferee or transferees.

     

    The
      Certificates are issuable only as registered Certificates without coupons in
      denominations specified in the Agreement. As provided in the Agreement and
      subject to certain limitations therein set forth, Certificates are exchangeable
      for new Certificates of the same Class in authorized denominations and
      evidencing the same aggregate Percentage Interest, as requested by the Holder
      surrendering the same.

     

    No
      service charge will be made for any such registration of transfer or exchange,
      but the Trustee may require payment of a sum sufficient to cover any tax or
      other governmental charge payable in connection therewith.

     

    The
      Depositor, the Servicer and the Trustee and any agent of the Depositor, the
      Servicer or the Trustee 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 Servicer or any such agent shall be affected by any notice to
      the
      contrary.

     

    On
      any
      Distribution Date following the date at which the remaining aggregate Principal
      Balance of the Mortgage Loans is less than 10% of the Principal Balance of
      the
      Original Mortgage Loans as of the Cut-off Date, the Servicer may purchase,
      in
      whole, from the Trust the Mortgage Loans at a purchase price determined as
      provided in the Agreement. In the event that no such optional termination
      occurs, the obligations and responsibilities created by the Agreement will
      terminate upon notice to the Trustee upon the earliest of (i) the Distribution
      Date on which the Certificate Principal Balances of the Regular Certificates
      have been reduced to zero, (ii) the final payment or other liquidation of the
      last Mortgage Loan in the Trust, (iii) the optional purchase by the Servicer
      of
      the Mortgage Loans as described in the Agreement and (iv) the Distribution
      Date
      in December 2036.

     

    Capitalized
      terms used herein that are defined in the Agreement shall have the meanings
      ascribed to them in the Agreement, and nothing herein shall be deemed
      inconsistent with that meaning.

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    ASSIGNMENT

     

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

     

    
      	 
	 

    

    (Please
      print or typewrite name and address including postal zip code of
      assignee)

     

    the
      Percentage Interest evidenced by the within Certificate and hereby authorizes
      the transfer of registration of such Percentage Interest to assignee on the
      Certificate Register of the Trust.

     

    I
      (We)
      further direct the Trustee to issue a new Certificate of a like denomination
      and
      Class, to the above named assignee and deliver such Certificate to the following
      address:

    
      	 

    

    

     

    Dated:_________________

     

    

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    DISTRIBUTION
      INSTRUCTIONS

     

    The
      assignee should include the following for purposes of distribution:

     

    
      	
              Distributions
                shall be made, by wire transfer or otherwise, in immediately available
                

            
	
              funds
                to

            	 
	 
	
              for
                the account of

            	 
	
              account
                number

            	 	
              or,
                if mailed by check, to

            
	 
	
              Applicable
                statements should be mailed to

            	 
	 
	 
	
              This
                information is provided by

            	 
	
              assignee
                named above, or

            	 
	
              its
                agent.

            	 

    

    

    

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    EXHIBIT
      B

     

    FORM
      OF
      CAP ALLOCATION AGREEMENT

     

    

      CAP
        ALLOCATION AGREEMENT

       

      This
        Cap
        Allocation Agreement, dated as of November 30, 2006 (this “Agreement”), between
        Deutsche Bank National Trust Company (“Deutsche Bank”), as cap trustee for the
        cap trust (in such capacity, the “Cap Trustee”) and as trustee under the Pooling
        and Servicing Agreement, as hereinafter defined (in such capacity, the
“Trustee”) and Greenwich
        Capital Financial Products, Inc. (“GCFP”).

       

      WHEREAS,
        Deutsche Bank, on behalf of a separate trust established hereunder which
        holds
        an Interest Rate Cap Agreement (the “Cap Agreement”), a copy of which is
        attached hereto as Exhibit A, between the Cap Trustee,
        on
        behalf of the Cap Trust
        and
HSBC
        Bank USA, National Association
        (the
“Cap Provider”) is a counterparty to the Cap Agreement;
        and

       

      WHEREAS,
        it is desirable to irrevocably appoint the Cap Trustee, and the Cap Trustee
        desires to accept such appointment, to receive and distribute funds payable
        by
        the Cap Provider to the Cap Trustee, on behalf of the Cap Trust under the
        Cap
        Agreement as provided herein; 

       

      NOW,
        THEREFORE, in consideration of the mutual covenants contained herein, and
        for
        other good and valuable consideration, the receipt and adequacy of which
        are
        hereby acknowledged, the parties agree as follows: 

       

      1.  Definitions.
        Capitalized terms used but not otherwise defined herein shall have the
        respective meanings assigned thereto in the Pooling and Servicing Agreement,
        dated as of November 1, 2006 (the “Pooling and Servicing Agreement”), among
        Financial Asset Securities Corp., as Depositor, National City Home Loan
        Services, Inc., as servicer and the Trustee relating to the First Franklin
        Home
        Loan Trust 2006-FF16 (the “Trust”), Asset-Backed Certificates, Series
        2006-2006-FF16 (the “Certificates”), or in the related Indenture as the case may
        be, as in effect on the date hereof. 

       

      2.  Cap
        Trust.
        There
        is hereby established a separate trust (the “Cap Trust”), into which the Cap
        Trustee shall deposit the Cap Agreement. The Cap Trust shall be maintained
        by
        the Cap Trustee. The sole assets of the Cap Trust shall be the Cap Agreement
        and
        the Cap Trust Account.

       

      3.  Cap
        Trustee.
        

       

      (a)  The
        Cap
        Trustee, on behalf of the Cap Trust, is hereby irrevocably appointed to receive
        all funds paid to the Cap Trustee by the Cap Provider, or its successors
        in
        interest under the Cap Agreement (including any Cap Termination Payment)
        and the
        Cap Trustee accepts such appointment and hereby agrees to receive such amounts,
        deposit such amounts into the Cap Trust Account and to distribute on each
        Distribution Date such amounts in the following order of priority:

       

      (i)  first,
        for deposit into the Cap Account (established under the Pooling and Servicing
        Agreement), an amount equal to the sum of the following amounts remaining
        outstanding after distribution of the Net Monthly Excess Cashflow and any
        Net
        Swap Payments received under the Interest Rate Swap Agreement with the Trust:
        (A) Unpaid Interest Shortfall Amounts, (B) Net WAC Rate Carryover Amounts;
        (C)
an
        amount necessary to maintain or restore the Overcollateralization Target
        Amount;
        and
        (D) any
        Allocated Realized Loss Amounts;

       

      (ii)  second,
        to GCFP, or its designee, any amounts remaining after payment of (i) above,
        provided,
        however,
        upon the
        issuance of notes by an issuer (the “NIM Trust”), secured by all or a portion of
        the Class C Certificates and the Class P Certificates (the “NIM Notes”), GCFP,
        or its designee, hereby instructs the Cap Trustee to make any payments under
        this clause 3(a)(ii):

       

      (A)  to
        the
        Indenture Trustee for the NIM Trust, for deposit into the Note Account (each
        as
        defined in the related Indenture), for distribution in accordance with the
        terms
        of the Indenture until satisfaction and discharge of the Indenture;
        and

       

      (B)  after
        satisfaction and discharge of the Indenture, to the Holders of the Class
        C
        Certificates, pro
        rata
        based on
        the outstanding Notional Amount of each such Certificate.

       

      (b)  The
        Cap
        Trustee agrees to hold any amounts received from the Cap Provider in trust
        upon
        the terms and conditions and for the exclusive use and benefit of the Trustee
        and the Indenture Trustee, as applicable (in turn for the benefit of the
        Certificateholders, the Noteholders, GCFP and the NIMS Insurer, if any) as
        set
        forth herein. The rights, duties and liabilities of the Cap Trustee in respect
        of this Agreement shall be as follows:

       

      (i) The
        Cap
        Trustee shall have the full power and authority to do all things not
        inconsistent with the provisions of this Agreement that may be deemed advisable
        in order to enforce the provisions hereof. The Cap Trustee shall not be
        answerable or accountable except for its own bad faith, willful misconduct
        or
        negligence. The Cap Trustee shall not be required to take any action to exercise
        or enforce any of its rights or powers hereunder which, in the opinion of
        the
        Cap Trustee, shall be likely to involve expense or liability to the Cap Trustee,
        unless the Cap Trustee shall have received an agreement satisfactory to it
        in
        its sole discretion to indemnify it against such liability and
        expense.

       

      (ii) The
        Cap
        Trustee shall not be liable with respect to any action taken or omitted to
        be
        taken by it in good faith in accordance with the direction of any party hereto
        or the NIMS Insurer, if any, or otherwise as provided herein, relating to
        the
        time, method and place of conducting any proceeding for any remedy available
        to
        the Cap Trustee or exercising any right or power conferred upon the Cap Trustee
        under this Agreement.

       

      (iii) The
        Cap
        Trustee may perform any duties hereunder either directly or by or through
        agents
        or attorneys of the Cap Trustee. The Cap Trustee shall not be liable for
        the
        acts or omissions of its agents or attorneys so long as the Cap Trustee chose
        such Persons with due care.

       

      4.  Cap
        Trust Account.
        The Cap
        Trustee shall segregate and hold all funds received from the Cap Provider
        (including any Cap Termination Payment) separate and apart from any of its
        own
        funds and general assets and shall establish and maintain in the name of
        the Cap
        Trustee one or more segregated accounts (the “Cap Trust Account”).

       

      5.      
        [Reserved]

       

      6.  Representations
        and Warranties of Deutsche Bank.
        Deutsche Bank represents and warrants as follows:

       

      (a)  Deutsche
        Bank is duly organized and validly existing as a national trust company under
        the laws of the United States and has all requisite power and authority to
        execute and deliver this Agreement, to perform its obligations as Cap Trustee
        hereunder.

       

      (b)  The
        execution, delivery and performance of this Agreement by Deutsche Bank as
        Trustee have been duly authorized in the Pooling and Servicing
        Agreement.

       

      (c)  This
        Agreement has been duly executed and delivered by Deutsche Bank as Cap Trustee
        and the Trustee and is enforceable against Deutsche Bank in such capacities
        in
        accordance with its terms, except as enforceability may be affected by
        bankruptcy, insolvency, fraudulent conveyance, reorganization, moratorium
        and
        other similar laws relating to or affecting creditors’ rights generally, general
        equitable principles (whether considered in a proceeding in equity or at
        law).

       

      7.  Replacement
        of Cap Trustee.

       

      Any
        corporation, bank, trust company or association into which the Cap Trustee
        may
        be merged or converted or with which it may be consolidated, or any corporation,
        bank, trust company or association resulting from any merger, conversion
        or
        consolidation to which the Cap Trustee shall be a party, or any corporation,
        bank, trust company or association succeeding to all or substantially all
        the
        corporate trust business of the Cap Trustee, shall be the successor of the
        Cap
        Trustee hereunder, without the execution or filing of any paper or any further
        act on the part of any of the parties hereto, except to the extent that
        assumption of its duties and obligations, as such, is not effected by operation
        of law.

       

      No
        resignation or removal of the Cap Trustee and no appointment of a successor
        Cap
        Trustee shall become effective until the appointment by GCFP, or its designee,
        of a successor Cap Trustee acceptable to the NIMS Insurer, if any. Any successor
        Cap Trustee shall execute such documents or instruments necessary or appropriate
        to vest in and confirm to such successor Cap Trustee all such rights and
        powers
        conferred by this Agreement.

       

      The
        Cap
        Trustee may resign at any time by giving written notice thereof to the other
        parties hereto with a copy to the NIMS Insurer, if any. If a successor cap
        trustee shall not have accepted the appointment hereunder within 30 days
        after
        the giving by the resigning Cap Trustee of such notice of resignation, the
        resigning Cap Trustee may petition any court of competent jurisdiction for
        the
        appointment of a successor Cap Trustee acceptable to the NIMS Insurer, if
        any.

       

      In
        the
        event of a resignation or removal of the Cap Trustee, GCFP, or its designee,
        shall promptly appoint a successor Cap Trustee acceptable to the NIMS Insurer,
        if any. If no such appointment has been made within 10 days of the resignation
        or removal, the NIMS Insurer, if any, may appoint a successor Cap
        Trustee.

       

      8.  Cap
        Trustee Obligations.

       

      Whenever
        the Cap Trustee, on behalf of the Cap Trust, as a party to the Cap Agreement,
        has the option or is requested in such capacity, whether such request is
        by the
        Cap Provider, to take any action or to give any consent, approval or waiver
        that
        it is on behalf of the Cap Trust entitled to take or give in such capacity,
        including, without limitation, in connection with an amendment of such agreement
        or the occurrence of a default or termination event thereunder, the Cap Trustee
        shall promptly notify the parties hereto and the NIMS Insurer, if any, of
        such
        request in such detail as is available to it and, shall, on behalf of the
        parties hereto and the NIMS Insurer, if any, take such action in connection
        with
        the exercise and/or enforcement of any rights and/or remedies available to
        it in
        such capacity with respect to such request as GCFP, or its designee, or the
        NIMS
        Insurer, if any, shall direct in writing; provided that if no such direction
        is
        received prior to the date that is established for taking such action or
        giving
        such consent, approval or waiver (notice of which date shall be given by
        the Cap
        Trustee to the parties hereto and the NIMS Insurer, if any), the Cap Trustee
        may
        abstain from taking such action or giving such consent, approval or
        waiver.

       

      The
        Cap
        Trustee shall forward to the parties hereto and the NIMS Insurer, if any,
        on the
        Distribution Date following its receipt thereof copies of any and all notices,
        statements, reports and/or other material communications and information
        (collectively, the “Cap Reports”) that it receives in connection with the Cap
        Agreement or from the counterparty thereto.

       

      9.  Miscellaneous.
        

       

      (a)  This
        Agreement shall be governed by and construed in accordance with the laws
        of the
        State of New York.

       

      (b)  Any
        action or proceeding against any of the parties hereto relating in any way
        to
        this Agreement may be brought and enforced in the courts of the State of
        New
        York sitting in the borough of Manhattan or of the United States District
        Court
        for the Southern District of New York and the Cap Trustee irrevocably submits
        to
        the jurisdiction of each such court in respect of any such action or proceeding.
        The Cap Trustee waives, to the fullest extent permitted by law, any right
        to
        remove any such action or proceeding by reason of improper venue or inconvenient
        forum.

       

      (c)  This
        Agreement may be amended, supplemented or modified in writing by the parties
        hereto, but only with the consent of GCFP and the NIMS Insurer, if
        any.

       

      (d)  This
        Agreement may not be assigned or transferred without the prior written consent
        of GCFP and the NIMS Insurer, if any; provided, however, the parties hereto
        acknowledge and agree to the assignment of the rights of GCFP, or its designee,
        pursuant to the Sale Agreement, the Trust Agreement and the
        Indenture.

       

      (e)  This
        Agreement may be executed by one or more of the parties to this Agreement
        on any
        number of separate counterparts (including by facsimile transmission), and
        all
        such counterparts taken together shall be deemed to constitute one and the
        same
        instrument.

       

      (f)  Any
        provision of this Agreement which is prohibited or unenforceable in any
        jurisdiction shall, as to such jurisdiction, be ineffective to the extent
        of
        such prohibition or unenforceability without invalidating the remaining
        provisions hereof, and any such prohibition or unenforceability in any
        jurisdiction shall not invalidate or render unenforceable such provision
        in any
        other jurisdiction.

       

      (g)  The
        representations and warranties made by the parties to this Agreement shall
        survive the execution and delivery of this Agreement. No act or omission
        on the
        part of any party hereto shall constitute a waiver of any such representation
        or
        warranty.

       

      (h)  The
        article and section headings herein are for convenience of reference only,
        and
        shall not limit or otherwise affect the meaning hereof.

       

      (i)  The
        representations and warranties made by the parties to this Agreement shall
        survive the execution and delivery of this Agreement. No act or omission
        on the
        part of any party hereto shall constitute a waiver of any such representation
        or
        warranty.

       

      10.  Third-Party
        Beneficiary. Each
        of
        the Trustee, GCFP or its designee and the Indenture Trustee, if any,
        shall be
        deemed a third-party beneficiary of this Agreement to the same extent as
        if it
        were a party hereto, and shall have the right to enforce the provisions of
        this
        Agreement. If any default occurs on the part of the Cap Provider under the
        Cap
        Agreement in the making of a payment due under the Cap Agreement or in any
        other
        obligation of the Cap Provider under the Cap Agreement, the Cap Trustee may
        and,
        upon the request of the Trustee, GCFP or its designee or the Indenture Trustee,
        shall take such action as may be appropriate to enforce such payment or
        performance, including the institution and prosecution of appropriate
        proceedings.

       

      11.  Cap
        Trustee and Trustee Rights.
        The Cap
        Trustee shall be entitled to the same rights, protections and indemnities
        afforded to the Trustee under the Pooling and Servicing Agreement, and the
        Indenture Trustee under the Indenture, in each case as if specifically set
        forth
        herein with respect to the Cap Trustee.

       

      The
        Trustee shall be entitled to the same rights, protections and indemnities
        afforded to the Trustee under the Pooling and Servicing Agreement as if
        specifically set forth herein with respect to the Cap Trustee.

       

      12.  Limited
        Recourse.
        It is
        expressly understood and agreed by the parties hereto that this Agreement
        is
        executed and delivered by the Trustee, not in its individual capacity but
        solely
        as Trustee under the Pooling and Servicing Agreement. Notwithstanding any
        other
        provisions of this Agreement, the obligations of the Trustee under this
        Agreement are non-recourse to the Trustee, its assets and its property, and
        shall be payable solely from the assets of the Trust Fund, and following
        realization of such assets, any claims of any party hereto shall be extinguished
        and shall not thereafter be reinstated. No recourse shall be had against
        any
        principal, director, officer, employee, beneficiary, shareholder, partner,
        member, Trustee, agent or affiliate of the Trustee or any person owning,
        directly or indirectly, any legal or beneficial interest in the Trustee,
        or any
        successors or assigns of any of the foregoing (the “Exculpated Parties”) for the
        payment of any amount payable under this Agreement. The parties hereto shall
        not
        enforce the liability and obligations of the Trustee to perform and observe
        the
        obligations contained in this Agreement by any action or proceeding wherein
        a
        money judgment establishing any personal liability shall be sought against
        the
        Trustee, subject to the following sentence, or the Exculpated Parties. The
        agreements in this paragraph shall survive termination of this Agreement
        and the
        performance of all obligations hereunder.

       

      
        
          
          

        

        
          
          

          
            

          

        

        
          
          

        

      

      IN
        WITNESS WHEREOF, the parties have caused this Agreement to be duly executed
        and
        delivered as of the day and year first above written. 

       

      
        	
                DEUTSCHE
                  BANK NATIONAL TRUST COMPANY

                not
                  in its individual capacity but solely as Cap Trustee under this
                  Agreement

              
	 
	 
	
                By:

              	 
	 	
                Name: 

                Title:

              
	
                 

                By:

              	 
	 	
                Name: 

                Title:

              
	 	 

      

      

      
        	
                DEUTSCHE
                  BANK NATIONAL TRUST COMPANY

                not
                  in its individual capacity but solely as Trustee under the Pooling
                  and
                  Servicing Agreement

              
	 
	 
	
                By:

              	 
	 	
                Name: 

                Title:

              
	
                 

                By:

              	 
	 	
                Name: 

              
	 	
                Title:

              

      

      

      
        	
                GREENWICH
                  CAPITAL FINANCIAL PRODUCTS, INC.

              
	 
	 
	
                By:

              	 
	 	
                Name: 

              
	 	
                Title: 

              

      

      

      

      

      
        
          
          

        

        
          
          

          
            

          

        

        
          
          

          
          

        

      

      EXHIBIT
        A

       

      INTEREST
        RATE CAP AGREEMENT

       

      

       

      SEE
        EXHIBIT [    ] TO THE POOLING AND
        SERVICING AGREEMENT

    

    

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

     

    

    EXHIBIT
      C

     

    FORM
      OF
      MORTGAGE LOAN PURCHASE AGREEMENT

     

    

      GREENWICH
        CAPITAL FINANCIAL PRODUCTS, INC.,

       

      as
        Seller

       

      and

       

      FINANCIAL
        ASSET SECURITIES CORP.,

       

      as
        Purchaser

       

      MORTGAGE
        LOAN PURCHASE AGREEMENT

       

      Dated
        as
        of November 2, 2006

       

      Adjustable-Rate
        and Fixed-Rate Mortgage Loans

       

      First
        Franklin Mortgage Loan Trust 2006-FF16

      

      
        
          
          

        

        
          
          

          
            

          

        

        
          
          

          
          

        

      

      Table
        of Contents

       

      
        	
                ARTICLE
                  I

              
	
                DEFINITIONS

              
	
                Section
                  1.01

              	
                Definitions

              
	 	 
	
                ARTICLE
                  II

              
	
                SALE
                  OF MORTGAGE LOANS; PAYMENT OF PURCHASE PRICE

              
	
                Section
                  2.01

              	
                Sale
                  of Mortgage Loans

              
	
                Section
                  2.02

              	
                Obligations
                  of the Seller and Seller Upon Sale

              
	
                Section
                  2.03

              	
                Payment
                  of Purchase Price for the Mortgage Loans.

              
	 	 
	
                ARTICLE
                  III

              
	
                REPRESENTATIONS
                  AND WARRANTIES; REMEDIES FOR BREACH

              
	
                Section
                  3.01

              	
                Seller
                  Representations and Warranties Relating to the Mortgage
                  Loans.

              
	
                Section
                  3.02

              	
                Seller
                  Representations and Warranties Relating to the Seller

              
	
                Section
                  3.03

              	
                Remedies
                  for Breach of Representations and Warranties

              
	 	 
	
                ARTICLE
                  IV

              
	
                SELLER’S
                  COVENANTS

              
	
                Section
                  4.01

              	
                Covenants
                  of the Seller

              
	 	 
	
                ARTICLE
                  V

              
	
                INDEMNIFICATION
                  WITH RESPECT TO THE MORTGAGE LOANS

              
	
                Section
                  5.01

              	
                Indemnification.

              
	 	 
	
                ARTICLE
                  VI

              
	
                TERMINATION

              
	
                Section
                  6.01

              	
                Termination

              
	 	 
	
                ARTICLE
                  VII

              
	
                MISCELLANEOUS
                  PROVISIONS

              
	
                Section
                  7.01

              	
                Amendment

              
	
                Section
                  7.02

              	
                Governing
                  Law

              
	
                Section
                  7.03

              	
                Notices

              
	
                Section
                  7.04

              	
                Severability
                  of Provisions

              
	
                Section
                  7.05

              	
                Counterparts

              
	
                Section
                  7.06

              	
                Further
                  Agreements

              
	
                Section
                  7.07

              	
                Intention
                  of the Parties

              
	
                Section
                  7.08

              	
                Successors
                  and Assigns; Assignment of Purchase Agreement

              
	
                Section
                  7.09

              	
                Survival

              

      

      

      

      
        
          
          

        

        
          
          

          
            

          

        

        
          
          

          
          

        

      

      MORTGAGE
        LOAN PURCHASE AGREEMENT, dated as of November 2, 2006 (the “Agreement”), between
        Greenwich Capital Financial Products, Inc. (the “Seller”) and Financial Asset
        Securities Corp. (the “Purchaser”).

       

      WITNESSETH

       

      WHEREAS,
        the Seller is the owner of (a) the notes or other evidence of indebtedness
        (the
“Mortgage Notes”) so indicated on Schedule I hereto referred to below and (b)
        the other documents or instruments constituting the Mortgage File (collectively,
        the “Mortgage Loans”); and

       

      WHEREAS,
        the Seller, as of the date hereof, owns the mortgages (the “Mortgages”) on the
        properties (the “Mortgaged Properties”) securing such Mortgage Loans, including
        rights to (a) any property acquired by foreclosure or deed in lieu of
        foreclosure or otherwise and (b) the proceeds of any insurance policies covering
        the Mortgage Loans or the Mortgaged Properties or the obligors on the Mortgage
        Loans; and

       

      WHEREAS,
        the parties hereto desire that the Seller sell the Mortgage Loans to the
        Purchaser pursuant to the terms of this Agreement; and

       

      WHEREAS,
        pursuant to the terms of a Pooling and Servicing Agreement dated as of November
        1, 2006 (the “Pooling and Servicing Agreement”) among the Purchaser as
        depositor, National City Home Loan Services, Inc. as servicer and Deutsche
        Bank
        National Trust Company as trustee (the “Trustee”), the Purchaser will convey the
        Mortgage Loans to First Franklin Mortgage Loan Trust 2006-FF16 (the
“Trust”).

       

      NOW,
        THEREFORE, in consideration of the mutual covenants herein contained, the
        parties hereto agree as follows:

       

      ARTICLE
        I

       

      DEFINITIONS

       

      Section
        1.01  Definitions.
        All
        capitalized terms used but not defined herein and below shall have the meanings
        assigned thereto in the Pooling and Servicing Agreement.

       

      “Seller
        Information”:
        The
        information contained in the Prospectus Supplement, read either individually
        or
        collectively under “SUMMARY OF TERMS—Mortgage Loans,” the first sentence of the
        fourth bullet point under “RISK FACTORS—Unpredictability of Prepayments and
        Effect on Yields,” the second sentence under “RISK FACTORS—High Loan-to-Value
        Ratios Increase Risk of Loss,” the first sentence under “RISK FACTORS—Interest
        Only Mortgage Loans,” the second sentence of the third bullet point under “RISK
        FACTORS—Interest Generated by the Mortgage Loans May Be Insufficient to Maintain
        Overcollateralization,” “THE MORTGAGE POOL,” the first sentence of the seventh
        paragraph under “YIELD, PREPAYMENT AND MATURITY CONSIDERATIONS” and “THE
        SELLER.”

       

      ARTICLE
        II

       

      SALE
        OF
        MORTGAGE LOANS; PAYMENT OF PURCHASE PRICE

       

      Section
        2.01  Sale
        of Mortgage Loans.
        The
        Seller, concurrently with the execution and delivery of this Agreement, does
        hereby sell, assign, set over, and otherwise convey to the Purchaser, without
        recourse, (i) all of its right, title and interest in and to each Mortgage
        Loan,
        including the related Cut-off Date Principal Balance, all interest accruing
        thereon on or after the Cut-off Date and all collections in respect of interest
        and principal due after the Cut-off Date; (ii) property which secured such
        Mortgage Loan and which has been acquired by foreclosure or deed in lieu
        of
        foreclosure; (iii) its interest in any insurance policies in respect of the
        Mortgage Loans (iv) the right to receive any amounts under the Cap Contract
        and
        (v) all proceeds of any of the foregoing. In addition to the sale of the
        Mortgage Loans, the Originator will direct the Trustee (in its capacity as
        trustee of the supplemental interest trust created under the Pooling and
        Servicing Agreement) to enter into the Interest Rate Swap
        Agreement.

       

      Section
        2.02  Obligations
        of the Seller and Seller Upon Sale.
        In
        connection with any transfer pursuant to Section 2.01 hereof, the Seller
        further
        agrees, at its own expense on or prior to the Closing Date, (a) to cause
        its
        books and records to indicate that the Mortgage Loans have been sold to the
        Purchaser pursuant to this Agreement and (b) to deliver to the Purchaser
        and the
        Trustee a computer file containing a true and complete list of all such Mortgage
        Loans specifying for each such Mortgage Loan, as of the Cut-off Date, (i)
        its
        account number and (ii) the Cut-off Date Principal Balance. Such file, which
        forms a part of Exhibit D to the Pooling and Servicing Agreement, shall also
        be
        marked as Schedule I to this Agreement and is hereby incorporated into and
        made
        a part of this Agreement.

       

      In
        connection with any conveyance by the Seller, the Seller shall on behalf
        of the
        Purchaser deliver to, and deposit with the Trustee (or the Custodian on behalf
        of the Trustee), as assignee of the Purchaser, on or before the Closing Date,
        the following documents or instruments with respect to each Mortgage
        Loan:

       

      (i)  the
        original Mortgage Note, endorsed either (A) in blank, in which case the Trustee
        shall cause the endorsement to be completed or (B) in the following form:
“Pay
        to the order of Deutsche Bank National Trust Company, as Trustee,” or with
        respect to any lost Mortgage Note, an original Lost Note Affidavit stating
        that
        the original mortgage note was lost, misplaced or destroyed, together with
        a
        copy of the related mortgage note; provided,
        however,
        that
        such substitutions of Lost Note Affidavits for original Mortgage Notes may
        occur
        only with respect to Mortgage Loans, the aggregate Cut-off Date Principal
        Balance of which is less than or equal to 1.00% of the Pool Balance as of
        the
        Cut-off Date;

       

      (ii)  the
        original Mortgage with evidence of recording thereon, and the original recorded
        power of attorney, if the Mortgage was executed pursuant to a power of attorney,
        with evidence of recording thereon or, if such Mortgage or power of attorney
        has
        been submitted for recording but has not been returned from the applicable
        public recording office, has been lost or is not otherwise available, a copy
        of
        such Mortgage or power of attorney, as the case may be, certified to be a
        true
        and complete copy of the original submitted for recording;

       

      (iii)  an
        original Assignment, in form and substance acceptable for recording. The
        Mortgage shall be assigned either (A) in blank, without recourse or (B) to
        “Deutsche Bank National Trust Company, as Trustee”;

       

      (iv)  an
        original copy of any intervening assignment of Mortgage showing a complete
        chain
        of assignments;

       

      (v)  the
        original or a certified copy of lender’s title insurance policy;
        and

       

      (vi)  the
        original or copies of each assumption, modification, written assurance,
        substitution agreement or guarantee, if any.

       

      The
        Seller hereby confirms to the Purchaser and the Trustee that it has caused
        the
        appropriate entries to be made in its general accounting records to indicate
        that such Mortgage Loans have been transferred to the Trustee and constitute
        part of the Trust in accordance with the terms of the Pooling and Servicing
        Agreement.

       

      If
        any of
        the documents referred to in Section 2.02(ii), (iii) or (iv) above has as
        of the
        Closing Date been submitted for recording but either (x) has not been returned
        from the applicable public recording office or (y) has been lost or such
        public
        recording office has retained the original of such document, the obligations
        of
        the Seller to deliver such documents shall be deemed to be satisfied upon
        (1)
        delivery to the Trustee or the Custodian, no later than the Closing Date,
        of a
        copy of each such document certified by the Seller in the case of (x) above
        or
        the applicable public recording office in the case of (y) above to be a true
        and
        complete copy of the original that was submitted for recording and (2) if
        such
        copy is certified by the Seller, delivery to the Trustee or the Custodian,
        promptly upon receipt thereof of either the original or a copy of such document
        certified by the applicable public recording office to be a true and complete
        copy of the original. If the original lender’s title insurance policy, or a
        certified copy thereof, was not delivered pursuant to Section 2.02(v) above.
        The
        Seller shall deliver or cause to be delivered to the Trustee or the Custodian,
        the original or a copy of a written commitment or interim binder or preliminary
        report of title issued by the title insurance or escrow company, with the
        original or a certified copy thereof to be delivered to the Trustee or the
        Custodian, promptly upon receipt thereof. The Seller shall deliver or cause
        to
        be delivered to the Trustee or the Custodian promptly upon receipt thereof
        any
        other documents constituting a part of a Mortgage File received with respect
        to
        any Mortgage Loan, including, but not limited to, any original documents
        evidencing an assumption or modification of any Mortgage Loan.

       

      Upon
        discovery or receipt of notice of any materially defective document in, or
        that
        a document is missing from, a Mortgage File, the Seller shall have 120 days
        to
        cure such defect or deliver such missing document to the Purchaser. If the
        Seller does not cure such defect or deliver such missing document within
        such
        time period, the Seller shall either repurchase or substitute for such Mortgage
        Loan pursuant to Section 2.03 of the Pooling and Servicing
        Agreement.

       

      The
        Seller shall cause the Assignments which were delivered in blank to be completed
        and shall cause all Assignments referred to in Section 2.02(iii) hereof and,
        to
        the extent necessary, in Section 2.02(iv) hereof to be recorded. The Seller
        shall be required to deliver such assignments for recording within 180 days
        of
        the Closing Date. In the event that any such Assignment is lost or returned
        unrecorded because of a defect therein, the Seller shall promptly have a
        substitute Assignment prepared or have such defect cured, as the case may
        be,
        and thereafter cause each such Assignment to be duly recorded.

       

      Notwithstanding
        the foregoing, for administrative convenience and facilitation of servicing
        and
        to reduce closing costs, the Assignments of Mortgage shall not be required
        to be
        submitted for recording (except with respect to any Mortgage Loan located
        in
        Maryland) unless such failure to record would result in a withdrawal or a
        downgrading by any Rating Agency of the rating on any Class of Certificates;
        provided,
        however,
        each
        Assignment shall be submitted for recording by the Seller in the manner
        described above, at no expense to the Trust Fund or Trustee, upon the earliest
        to occur of: (i) reasonable direction by Holders of Certificates entitled
        to at
        least 25% of the Voting Rights, (ii) the occurrence of a Servicer Event of
        Termination, (iii) the occurrence of a bankruptcy, insolvency or foreclosure
        relating to the Servicer, (iv) the occurrence of a servicing transfer as
        described in Section 7.02 of the Pooling and Servicing Agreement, (v) upon
        receipt of notice from the Servicer, the occurrence of a bankruptcy, insolvency
        or foreclosure relating to the Mortgagor under the related Mortgage and (vi)
        upon receipt of notice from the Servicer, any Mortgage Loan that is 90 days
        or
        more Delinquent. Upon receipt of written notice from the Purchaser that
        recording of the Assignments is required pursuant to one or more of the
        conditions set forth in the preceding sentence, the Seller shall be required
        to
        deliver such Assignments for recording as provided above, promptly and in
        any
        event within 30 days following receipt of such notice. The Seller shall furnish
        the Trustee (or the Custodian on behalf of the Trustee), or its designated
        agent, with a copy of each Assignment submitted for recording.

       

      In
        the
        event that any Mortgage Note is endorsed in blank as of the Closing Date,
        promptly following the Closing Date, the Trustee (or the Custodian on behalf
        of
        the Trustee), at the expense of the Seller, shall cause to be completed such
        endorsements “Pay to the order of Deutsche Bank National Trust Company, as
        Trustee, without recourse.”

       

      The
        Purchaser hereby acknowledges its acceptance of all right, title and interest
        to
        the Mortgage Loans and other property, now existing and hereafter created,
        conveyed to it pursuant to Section 2.01.

       

      The
        parties hereto intend that the transaction set forth herein be a sale by
        the
        Seller to the Purchaser of all the Seller’s right, title and interest in and to
        the Mortgage Loans and other property described above. In the event the
        transaction set forth herein is deemed not to be a sale, the Seller hereby
        grants to the Purchaser a security interest in all of the Seller’s right, title
        and interest in, to and under the Mortgage Loans and other property described
        above, whether now existing or hereafter created, to secure all of the Seller’s
        obligations hereunder; and this Agreement shall constitute a security agreement
        under applicable law.

       

      Section
        2.03  Payment
        of Purchase Price for the Mortgage Loans.

       

      In
        consideration of the sale of the Mortgage Loans from the Seller to the Purchaser
        on the Closing Date, the Purchaser agrees to pay to the Seller on the Closing
        Date (the “Purchase Price”) by transfer of (i) immediately available funds in an
        amount equal to the net sale proceeds of the Adjustable-Rate Certificates
        and
        the Residual Certificates, (ii) the Class C Certificates and the Class P
        Certificates (collectively the “Retained Certificates”) which Retained
        Certificates shall be registered in the name of Greenwich Capital Financial
        Products, Inc. or its designee and (iii) any investment income earned on
        amounts
        on deposit in the Pre-Funding Accounts. The Seller shall pay, and be billed
        directly for, all expenses incurred by the Purchaser in connection with the
        issuance of the Certificates, including, without limitation, printing fees
        incurred in connection with the prospectus relating to the Certificates,
        blue
        sky registration fees and expenses, fees and expenses of Purchaser’s counsel,
        fees of the rating agencies requested to rate the Certificates, accountant’s
        fees and expenses and the fees and expenses of the Trustee and other
        out-of-pocket costs, if any.

       

      ARTICLE
        III

       

      REPRESENTATIONS
        AND WARRANTIES; REMEDIES FOR BREACH

       

      Section
        3.01  Seller
        Representations and Warranties Relating to the Mortgage Loans.

       

      The
        Seller and the Purchaser understand, acknowledge and agree that, the
        representations and warranties set forth in this Section 3.01 are made as
        of the
        Closing Date or as of the date specifically provided herein.

       

      The
        Seller hereby represents and warrants with respect to the Mortgage Loans
        to the
        Purchaser that as of the Closing Date or as of such date specifically provided
        herein:

       

      (a)  The
        information set forth in the mortgage loan schedule delivered to the Seller
        by
        the Originator is complete, true and correct as of the Cut-off
        Date;

       

      (b)  The
        Seller has not advanced funds, or induced, solicited or knowingly received
        any
        advance of funds from a party other than the owner of the related Mortgaged
        Property, directly or indirectly, for the payment of any amount required
        by the
        Mortgage Note or Mortgage and there has been no delinquency, exclusive of
        any
        period of grace, in any payment thereunder during the last twelve
        months;

       

      (c)  At
        the
        time of origination, and to the best of the Seller’s knowledge, there were no
        delinquent taxes, ground rents, water charges, sewer rents, assessments,
        insurance premiums, leasehold payments, including assessments payable in
        future
        installments or other outstanding charges affecting the related Mortgaged
        Property;

       

      (d)  The
        terms
        of the Mortgage Note and the Mortgage have not been impaired, waived, altered
        or
        modified in any respect, except by written instruments, recorded in the
        applicable public recording office if necessary to maintain the lien priority
        of
        the Mortgage, and which have been delivered to the Purchaser or its designee;
        the substance of any such waiver, alteration or modification has been approved
        by the title insurer, to the extent required by the related policy, and is
        reflected on the Mortgage Loan Schedule. No instrument of waiver, alteration
        or
        modification has been executed, and no Mortgagor has been released, in whole
        or
        in part, except in connection with an assumption agreement approved by the
        insurer under the title insurer, to the extent required by the policy, and
        which
        assumption agreement has been delivered to the Purchaser or its designee
        and the
        terms of which are reflected in the Mortgage Loan Schedule;

       

      (e)  The
        Mortgage Note and the Mortgage are not subject to any right of rescission,
        set-off, counterclaim or defense, including the defense of usury, nor will
        the
        operation of any of the terms of the Mortgage Note and the Mortgage, or the
        exercise of any right thereunder, render the Mortgage unenforceable, in whole
        or
        in part, or subject to any right of rescission, set-off, counterclaim or
        defense, including the defense of usury, and no such right of rescission,
        set-off, counterclaim or defense has been asserted with respect
        thereto;

       

      (f)  All
        buildings upon the Mortgaged Property are insured by an insurer that satisfies
        the requirements of First Franklin Financial Corporation’s (the “Originator”)
        underwriting guidelines against loss by fire, hazards of extended coverage
        and
        such other hazards as are customary in the area where the Mortgaged Property
        is
        located, in an amount that is at least equal to the lesser of (i) the amount
        necessary to fully compensate for any damage or loss to the improvements
        which
        are a part of such property on a replacement cost basis or (ii) the outstanding
        principal balance of the Mortgage Loan, in each case in an amount not less
        than
        such amount as is necessary to prevent the Mortgagor and/or the mortgagee
        from
        becoming a co-insurer. All such insurance policies contain a standard mortgagee
        clause naming the Originator, its successors and assigns as mortgagee and
        all
        premiums thereon have been paid. If the Mortgaged Property is in an area
        identified on a Flood Hazard Map or Flood Insurance Rate Map issued by the
        Federal Emergency Management Agency as having special flood hazards (and
        such
        flood insurance has been made available), a flood insurance policy meeting
        the
        requirements of the current guidelines of the Federal Insurance Administration
        is in effect which policy conforms to the requirements of Fannie Mae and
        Freddie
        Mac. The Mortgage obligates the Mortgagor thereunder to maintain all such
        insurance at the Mortgagor’s cost and expense, and on the Mortgagor’s failure to
        do so, authorizes the holder of the Mortgage to maintain such insurance at
        Mortgagor’s cost and expense and to seek reimbursement therefor from the
        Mortgagor;

       

      (g)  Prior
        to
        the Closing Date, any and all requirements of any federal, state or local
        law
        including, without limitation, usury, truth in lending, real estate settlement
        procedures, predatory and abusive lending, consumer credit protection, equal
        credit opportunity, fair housing or disclosure laws applicable to the
        origination and servicing of mortgage loans of a type similar to the Mortgage
        Loans have been complied with;

       

      (h)  The
        Mortgage has not been satisfied, canceled, subordinated or rescinded, in
        whole
        or in part, and the Mortgaged Property has not been released from the lien
        of
        the Mortgage, in whole or in part, nor has any instrument been executed that
        would effect any such satisfaction, cancellation, subordination, rescission
        or
        release;

       

      (i)  The
        Mortgage is a valid, existing and enforceable first lien on the Mortgaged
        Property, including all improvements on the Mortgaged Property subject only
        to
        (A) the lien of current real property taxes and assessments not yet due and
        payable, (B) covenants, conditions and restrictions, rights of way, easements
        and other matters of the public record as of the date of recording being
        acceptable to mortgage lending institutions generally and specifically referred
        to in the lender’s title insurance policy delivered to the Originator and which
        do not adversely affect the Value of the Mortgaged Property, and (C) other
        matters to which like properties are commonly subject which do not materially
        interfere with the benefits of the security intended to be provided by the
        Mortgage or the use, enjoyment, value or marketability of the related Mortgaged
        Property. Any security agreement, chattel mortgage or equivalent document
        related to and delivered in connection with the Mortgage Loan establishes
        and
        creates a valid, existing and enforceable first lien and first priority security
        interest on the property described therein and the Seller has full right
        to sell
        and assign the same;

       

      (j)  The
        Mortgage Note and the related Mortgage are genuine and each is the legal,
        valid
        and binding obligation of the maker thereof, enforceable in accordance with
        its
        terms;

       

      (k)  All
        parties to the Mortgage Note and the Mortgage had legal capacity to enter
        into
        the Mortgage Loan and to execute and deliver the Mortgage Note and the Mortgage,
        and the Mortgage Note and the Mortgage have been duly and properly executed
        by
        such parties. The Mortgagor is a natural person;

       

      (l)  The
        proceeds of the Mortgage Loan have been fully disbursed to or for the account
        of
        the Mortgagor and there is no obligation for the mortgagee to advance additional
        funds thereunder and any and all requirements as to completion of any on-site
        or
        off-site improvement and as to disbursements of any escrow funds therefor
        have
        been complied with and all costs, fees and expenses incurred in making or
        closing the Mortgage Loan and the recording of the Mortgage have been paid,
        and
        the Mortgagor is not entitled to any refund of any amounts paid or due to
        the
        mortgagee pursuant to the Mortgage Note or Mortgage;

       

      (m)  Prior
        to
        the sale of the Mortgage Loan by the Seller, the Seller was the sole legal,
        beneficial and equitable owner of the Mortgage Note and the Mortgage and
        had
        full right to transfer and sell the Mortgage Loan free and clear of any
        encumbrance, equity, lien, pledge, charge, claim or security
        interest;

       

      (n)  All
        parties which had any interest in the Mortgage Loan, whether as mortgagee,
        assignee, pledgee or otherwise, were (or, during the period in which they
        held
        and disposed of such interest, were) in compliance with any and all applicable
        “doing business” and licensing requirements of the laws of the state wherein the
        Mortgaged Property is located.

       

      (o)  The
        Mortgage Loan was covered by an American Land Title Association (“ALTA”)
        lender’s title insurance policy, which has an adjustable-rate mortgage
        endorsement in the case of the adjustable-rate Mortgage Loans, in the form
        of
        ALTA 6.0 or 6.1 acceptable to prudent lenders, issued by a title insurer
        acceptable to prudent lenders and qualified to do business in the jurisdiction
        where the Mortgaged Property is located, insuring (subject to the exceptions
        contained in (i)(A) and (B) above) the Originator its successors and assigns
        as
        to the first priority lien of the Mortgage in the original principal amount
        of
        the Mortgage Loan and against any loss by reason of the invalidity or
        unenforceability of the lien resulting from the provisions of the Mortgage
        providing for adjustment in the Mortgage Rate and Monthly Payment. Additionally,
        such lender’s title insurance policy affirmatively insures ingress and egress to
        and from the Mortgaged Property, and against encroachments by or upon the
        Mortgaged Property or any interest therein. The Originator, its successors
        and
        assigns, is the sole insured of such lender’s title insurance policy, and such
        lender’s title insurance policy is in full force and effect and will be in full
        force and effect upon the consummation of the transactions contemplated by
        this
        Agreement. No claims have been made under such lender’s title insurance policy,
        and no prior holder of the related Mortgage, including the Seller, has done,
        by
        act or omission, anything which would impair the coverage of such lender’s title
        insurance policy;

       

      (p)  There
        is
        no default, breach, violation or event of acceleration existing under the
        Mortgage or the Mortgage Note (other than the delinquencies mentioned in
        clause
        (b)) and no event which, with the passage of time or with notice and the
        expiration of any grace or cure period, would constitute a default, breach,
        violation or event of acceleration, and the Seller has not waived any default,
        breach, violation or event of acceleration;

       

      (q)  There
        are
        no mechanics’ or similar liens or claims which have been filed for work, labor
        or material (and no rights are outstanding that under law could give rise
        to
        such lien) affecting the related Mortgaged Property which are or may be liens
        prior to, or equal or coordinate with, the lien of the related
        Mortgage;

       

      (r)  All
        improvements that were considered in determining the Value of the related
        Mortgaged Property lay wholly within the boundaries and building restriction
        lines of the Mortgaged Property, and no improvements on adjoining properties
        encroached upon the Mortgaged Property. Each appraisal has been performed
        in
        accordance with the provisions of the Financial Institutions Reform, Recovery
        and Enforcement Act of 1989;

       

      (s)  The
        Mortgage Loan was originated (for purposes of the Secondary Mortgage Market
        Enhancement Act of 1984) by the Originator or by a savings and loan association,
        a savings bank, a commercial bank or similar banking institution which is
        supervised and examined by a federal or state authority, or by a mortgagee
        approved as such by the Secretary of Housing and Urban Development;

       

      (t)  Principal
        payments on the Mortgage Loan commenced no more than two (2) months after
        the
        proceeds of the Mortgage Loan were disbursed. The Mortgage Loan bears interest
        at the Mortgage Rate. With respect to each Mortgage Loan, the Mortgage Note
        is
        payable on the first day of each month. The Mortgage Note is payable in Monthly
        Payments. With respect to the adjustable-rate Mortgage Loans, the Monthly
        Payments are changed on each Adjustment Date to an amount which will fully
        amortize the Stated Principal Balance of the Mortgage Loan over its remaining
        term at the Mortgage Rate. Interest on the Mortgage Loan is calculated on
        the
        basis of a 360 day year consisting of twelve 30 day months. The Mortgage
        Note
        does not permit negative amortization. No adjustable-rate Mortgage Loan permits
        the Mortgagor to convert the Mortgage Loan to a fixed-rate Mortgage
        Loan;

       

      (u)  The
        origination, servicing and collection practices used by the Originator and
        any
        servicer of the Mortgage Loan, with respect to each Mortgage Note and Mortgage
        have been in all respects legal, proper, prudent and customary in the mortgage
        origination and servicing industry. The Mortgage Loan has been serviced by
        the
        Originator and any predecessor servicer in accordance with the terms of the
        Mortgage Note. With respect to escrow deposits and Escrow Payments, if any,
        all
        such payments are in the possession of, or under the control of, the Seller
        and
        there exist no deficiencies in connection therewith for which customary
        arrangements for repayment thereof have not been made. No escrow deposits
        or
        Escrow Payments or other charges or payments due the Seller have been
        capitalized under any Mortgage or the related Mortgage Note;

       

      (v)  The
        Mortgaged Property is free of damage and waste and there is no proceeding
        pending for the total or partial condemnation thereof;

       

      (w)  The
        Mortgage and related Mortgage Note contain customary and enforceable provisions
        such as to render the rights and remedies of the holder thereof adequate
        for the
        realization against the Mortgaged Property of the benefits of the security
        provided thereby, including, (A) in the case of a Mortgage designated as
        a deed
        of trust, by trustee’s sale, and (B) otherwise by judicial foreclosure. Since
        the date of origination of the Mortgage Loan, the Mortgaged Property has
        not
        been subject to any bankruptcy proceeding or foreclosure proceeding and the
        Mortgagor has not filed for protection under applicable bankruptcy laws.
        There
        is no homestead or other exemption available to the Mortgagor which would
        interfere with the right to sell the Mortgaged Property at a trustee’s sale or
        the right to foreclose the Mortgage. The Mortgagor has not notified the Seller
        and the Seller has no knowledge of any relief requested or allowed to the
        Mortgagor under the Servicemembers Civil Relief Act;

       

      (x)  The
        Mortgage Loan was underwritten in accordance with the underwriting standards
        of
        the Originator in effect at the time the Mortgage Loan was originated; and
        the
        Mortgage Note and Mortgage are on forms acceptable to Fannie Mae and Freddie
        Mac;

       

      (y)  The
        Mortgage Note is not and has not been secured by any collateral except the
        lien
        of the corresponding Mortgage on the Mortgaged Property and the security
        interest of any applicable security agreement or chattel mortgage referred
        to in
        (i) above;

       

      (z)  The
        Mortgage File contains an appraisal of the related Mortgaged Property which
        satisfied the standards of the Financial Institutions Reform, Recovery and
        Enforcement Act of 1989, and the rules and regulations thereunder, as amended
        from time to time, and was made and signed by an appraiser who met the minimum
        requirements of Fannie Mae and Freddie Mac or complied with the Originator’s
        automated appraisal methodology as set forth in the Originator’s underwriting
        guidelines, duly appointed by the Originator, who had no interest, direct
        or
        indirect in the Mortgaged Property or in any loan made on the security thereof,
        whose compensation is not affected by the approval or disapproval of the
        Mortgage Loan and who met the minimum qualifications of the Financial
        Institutions Reform, Recovery and Enforcement Act of 1989, and the rules
        and
        regulations thereunder;

       

      (aa)  In
        the
        event the Mortgage constitutes a deed of trust, a trustee, duly qualified
        under
        applicable law to serve as such, has been properly designated and currently
        so
        serves and is named in the Mortgage, and no fees or expenses are or will
        become
        payable by the Purchaser to the trustee under the deed of trust, except in
        connection with a trustee’s sale after default by the Mortgagor;

       

      (bb)  No
        Mortgage Loan contains provisions pursuant to which Monthly Payments are
        (A)
        paid or partially paid with funds deposited in any separate account established
        by the Seller, the Mortgagor, or anyone on behalf of the Mortgagor, (B) paid
        by
        any source other than the Mortgagor or (C) contains any other similar provisions
        which may constitute a “buydown” provision. The Mortgage Loan is not a graduated
        payment mortgage loan and the Mortgage Loan does not have a shared appreciation
        or other contingent interest feature;

       

      (cc)  The
        Mortgagor has executed a statement to the effect that the Mortgagor has received
        all disclosure materials required by applicable law with respect to the making
        of adjustable-rate or fixed-rate mortgage loans, as applicable; and if the
        Mortgage Loan is a Refinanced Mortgage Loan, the Mortgagor has received all
        disclosure and rescission materials required by applicable law with respect
        to
        the making of a refinanced Mortgage Loan, and evidence of such receipt is
        and
        will remain in the Mortgage File;

       

      (dd)  No
        Mortgage Loan was made in connection with (A) the construction or rehabilitation
        of a Mortgaged Property or (B) facilitating the trade-in or exchange of a
        Mortgaged Property;

       

      (ee)  The
        Mortgage Note, the Mortgage, the Assignment and any other documents required
        to
        be delivered with respect to each Mortgage Loan have been delivered to the
        Seller;

       

      (ff)  The
        Mortgaged Property is lawfully occupied under applicable law. All inspections,
        licenses and certificates required to be made or issued with respect to all
        occupied portions of the Mortgaged Property and, with respect to the use
        and
        occupancy of the same, including but not limited to certificates of occupancy,
        have been made or obtained from the appropriate authorities;

       

      (gg)  To
        the
        best of the Seller’s knowledge, no error, omission, misrepresentation,
        negligence, fraud or similar occurrence with respect to a Mortgage Loan has
        taken place on the part of any person, including, without limitation, the
        Mortgagor, any appraiser, any builder or developer, or any other party involved
        in the origination, modification or amendment of the Mortgage Loan or in
        the
        application of any insurance in relation to such Mortgage Loan;

       

      (hh)  The
        Assignment is in recordable form and is acceptable for recording under the
        laws
        of the jurisdiction in which the Mortgaged Property is located;

       

      (ii)  Any
        principal advances made to the Mortgagor prior to the Closing Date have been
        consolidated with the outstanding principal amount secured by the Mortgage,
        and
        the secured principal amount, as consolidated bears a single interest rate
        and
        single repayment term. The lien of the Mortgage securing the consolidated
        principal amount is expressly insured as having first lien priority by a
        title
        insurance policy, an endorsement to the policy insuring the mortgagee’s
        consolidated interest or by other title evidence acceptable to Fannie Mae
        and
        Freddie Mac. The consolidated principal amount does not exceed the original
        principal amount of the Mortgage Loan;

       

      (jj)  No
        Mortgage Loan has a balloon payment feature;

       

      (kk)  If
        the
        Residential Dwelling on the Mortgaged Property is a condominium unit or a
        unit
        in a planned unit development (other than a de
        minimis
        planned
        unit development), such condominium or planned unit development project meets
        Fannie Mae’s eligibility requirements;

       

      (ll)  The
        Mortgaged Property is in material compliance with all applicable environmental
        laws pertaining to environmental hazards including, without limitation,
        asbestos, and there is no pending action or proceeding directly involving
        any
        Mortgaged Property of which the Seller is aware in which compliance with
        any
        environmental law, rule or regulation is an issue; and to the best of the
        Seller’s knowledge, nothing further remains to be done to satisfy in full all
        requirements of each such law, rule or regulation constituting a prerequisite
        to
        the use and enjoyment of such property;

       

      (mm)  Except
        as
        previously disclosed to the Purchaser in writing, the Originator has made
        no
        mortgage loan on any Mortgaged Property other than the Mortgage Loan. With
        respect to the Mortgage Loans, when measured by aggregate Stated Principal
        Balance as of the Cut-off Date, none of the Mortgage Loans are secured by
        a
        Mortgaged Property which was, as of the date of origination of such Mortgage
        Loan, subject to a mortgage, deed of trust, deed to secure debt or other
        security instrument originated by the Originator creating a lien subordinate
        to
        the lien of the Mortgage;

       

      (nn)  The
        Mortgage Loan was selected from among the outstanding adjustable-rate and
        fixed-rate one to four family mortgage loans in the Seller’s portfolio as which
        the representations and warranties herein could be made and such selection
        was
        not made in a manner so as to adversely affect the interests of the
        Purchaser;

       

      (oo)  The
        Seller has not dealt with any broker or agent or other Person who might be
        entitled to a fee, commission or compensation in connection with the transaction
        contemplated by this Agreement other than the Purchaser except as the Seller
        has
        previously disclosed to the Purchaser in writing;

       

      (pp)  The
        Mortgaged Property consists of a parcel of real property of not more than
        ten
        acres with a single family residence erected thereon, or a two- to four-family
        dwelling, or an individual condominium unit in a low rise or high rise
        condominium project, or an individual unit in a planned unit development.
        The
        Mortgaged Property is improved with a Residential Dwelling. Without limiting
        the
        foregoing, the Mortgaged Property does not consist of any of the following
        property types: (a) co-operative units, (b) log homes, (c) earthen homes,
        (d)
        underground homes, (e) mobile homes and (f) manufactured homes (as defined
        in
        the Fannie Mae Seller-Servicer’s Guide), except when the appraisal indicates
        that the home is of comparable construction to a stick or beam construction
        home, is readily marketable, has been permanently affixed to the site and
        is not
        in a mobile home “park.” The Mortgaged Property is either a fee simple estate or
        a long term residential lease. If the Mortgage Loan is secured by a long
        term
        residential lease, unless otherwise specifically disclosed in the related
        Mortgage Loan Schedule, (A) the terms of such lease expressly permit the
        mortgaging of the leasehold estate, the assignment of the lease without the
        lessor’s consent (or the lessors consent has been obtained and such consent is
        in the Mortgage File) and the acquisition by the holder of the Mortgage of
        the
        rights of the lessee upon foreclosure or assignment in lieu of foreclosure
        or
        provide the holder of the Mortgage with substantially similar protection;
        (B)
        the terms of such lease do not (x) allow the termination thereof upon the
        lessee’s default without the holder of the Mortgage being entitled to receive
        written notice of, and opportunity to cure, such default or (y) prohibit
        the
        holder of the Mortgage from being insured under the hazard insurance policy
        relating to the Mortgaged Property, (C) the original term of such lease is
        not
        less than 15 years; (D) the term of such lease does not terminate earlier
        than
        ten years after the maturity date of the Mortgage Note; and (E) the Mortgaged
        Property is located in a jurisdiction in which the use of leasehold estates
        for
        residential properties is a widely accepted practice;

       

      (qq)  At
        the
        time of origination, the Loan-to-Value Ratio of the Mortgage Loan was not
        greater than 103%. With respect to the Mortgage Loans, when measured by
        aggregate Stated Principal Balance as of the Cut-off Date, with respect to
        no
        less than 80% of the Mortgage Loans, the calculation of the Loan-to-Value
        Ratio
        at the time of origination was determined based on a full formal appraisal
        acceptable to Fannie Mae and Freddie Mac or complied with the Originator’s
        automated appraisal methodology as set forth in the Originator’s underwriting
        guidelines;

       

      (rr)  The
        Mortgage, and if required by applicable law the related Mortgage Note, contains
        a provision for the acceleration of the payment of the unpaid principal balance
        of the Mortgage Loan in the event that the Mortgaged Property is sold or
        transferred without the prior written consent of the mortgagee, at the option
        of
        the mortgagee;

       

      (ss)  No
        Mortgage Loan has an annual percentage rate or total points and few that
        exceed
        the thresholds set by Home Ownership and Equity Protection Act of 1994 (“HOEPA”)
        and its implementing regulations, including 12 CFR§ 226.32(a)(1)(i) and no
        Mortgage Loan is in violation of any comparable state law or ordinance similar
        to HOEPA and (ii) and no mortgage loan is in violation of any comparable
        state
        law;

       

      (tt)  The
        information set forth in the Prepayment Charge Schedule is complete, true
        and
        correct in all material respects as of the Cut-off Date, and each Prepayment
        Charge is permissible, enforceable and collectible under applicable federal,
        state and local law (except to the extent that (i) the enforceability thereof
        may be limited by bankruptcy, insolvency, moratorium, receivership and other
        similar laws relating to creditors’ rights generally or (ii) the collectability
        thereof may be limited due to acceleration in connection with a foreclosure
        or
        other involuntary payoff);

       

      (uu)  As
        of the
        Cut-off Date, the Mortgage Loan was not prepaid in full prior to the sale
        of the
        Mortgage Loans by the Seller, and the Seller had not received any notification
        from a Mortgagor that a prepayment in full would be made after the sale of
        the
        Mortgage Loans by the Seller;

       

      (vv)  The
        Mortgage Loan had an original term of maturity of not more than 360
        months;

       

      (ww)  Each
        Mortgage Loan constitutes a “qualified mortgage” within the meaning of Section
        860G(a)(3) of the Code;

       

      (xx)  The
        methodology used in underwriting the extension of credit for each Mortgage
        Loan
        did not rely solely on the extent of the Mortgagor’s equity in the collateral as
        the principal determining factor in approving such extension credit. The
        methodology employed objective criteria such as the Mortgagor’s income, assets
        and liabilities, to the proposed mortgage payment and, based on such
        methodology, the Originator made a reasonable determination that at the time
        of
        origination the Mortgagor had the ability to make timely payments on the
        Mortgage Loan; 

       

      (yy)  No
        Mortgage Loan originated before October 1, 2002 has a Prepayment Charge term
        longer than five years after its date of origination and no Group I Mortgage
        Loan originated on or after October 1, 2002 has a Prepayment Charge term
        longer
        than three years after its date of origination;

       

      (zz)  No
        Mortgage Loan was originated on or after October 1, 2002 and before March
        7,
        2003 which is secured by property located in the State of Georgia. No Mortgage
        Loan was originated on or after March 7, 2003, which is a “high cost home loan”
as defined under the Georgia Fair Lending Act;

       

      (aaa)  No
        Mortgage Loan is classified as a high cost mortgage loan under HOEPA. No
        Mortgage Loan is a “high cost home,” “covered” (excluding home loans defined as
“covered home loans” in the New Jersey Home Ownership Security Act of 2002 that
        were originated between November 26, 2003 and July 7, 2004), “high risk home” or
“predatory” loan under any other applicable state, federal or local law (or a
        similarly classified loan using different terminology under a law imposing
        heightened regulatory scrutiny or additional legal liability for residential
        mortgage loans having high interest rates, points and/or fees);

       

      (bbb)  All
        Mortgage Loans were originated in compliance with all applicable laws,
        including, but not limited to, all applicable anti-predatory lending laws
        and
        none of the mortgage loans are “High Cost” as defined by the applicable
        predatory and abusive lending laws;

       

      (ccc)  No
        Mortgage Loan is a high cost loan or a covered loan, as applicable (as such
        terms are defined in the then current Standard & Poor’s LEVELS Glossary
        Revised, which is now Version 5.7, Appendix E);

       

      (ddd)  With
        respect to any Mortgage Loan originated on or after August 1, 2004, neither
        the
        related mortgage nor the related mortgage note requires the Mortgagor to
        submit
        to arbitration to resolve any dispute arising out of or relating in any way
        to
        the mortgage loan transaction;

       

      (eee)  With
        respect to each Group I Mortgage Loan, no Mortgagor was required to purchase
        any
        credit life, disability, accident or health insurance product as a condition
        of
        obtaining the extension of credit; no Mortgagor obtained a prepaid
        single-premium credit-life, credit disability, credit unemployment or credit
        property insurance policy in connection with the origination of any Mortgage
        Loan.;

       

      (fff)  With
        respect to each Group I Mortgage Loan, all points, fees and charges related
        to
        each such Group I Mortgage Loan (whether or not financed, assessed, collected
        or
        to be collected in connection with the origination and servicing of such
        Group I
        Mortgage Loan) were disclosed in writing to the Mortgagor in accordance with
        applicable state and federal law and regulation and no Mortgagor was charged
        “points and fees” in an amount greater than (a) $1,000 or (b) 5% of the
        principal amount of such Mortgage Loan, whichever is greater. For purposes
        of
        this representation, “points and fees” (x) include origination, underwriting,
        broker and finder’s fees and charges that the lender imposed as a condition of
        making the Mortgage Loan, whether they are paid to the lender or a third
        party;
        and (y) exclude bona fide discount points, fees paid for actual services
        rendered in connection with the origination of the mortgage (such as attorneys’
fees, notaries fees and fees paid for property appraisals, credit reports,
        surveys, title examinations and extracts, flood and tax certifications, and
        home
        inspections); the cost of mortgage insurance or credit-risk price adjustments;
        the costs of title, hazard, and flood insurance policies; state and local
        transfer taxes or fees; escrow deposits for the future payment of taxes and
        insurance premiums; and other miscellaneous fees and charges, which
        miscellaneous fees and charges, in total, do not exceed 0.25 percent of the
        amount of the Mortgage Loan;

       

      (ggg)  With
        respect to each Group I Mortgage Loan, no Mortgagor was encouraged or required
        to select a mortgage loan product offered by the Originator which is a higher
        cost product designed for less creditworthy borrowers, taking into account
        such
        facts as, without limitation, the Mortgage Loan’s requirements and the
        Mortgagor’s credit history, income, assets and liabilities. For a Mortgagor who
        seeks financing through a mortgage loan originator’s higher-priced subprime
        lending channel, the Mortgagor should be directed towards or offered the
        mortgage loan originator’s standard mortgage line if the Mortgagor is able to
        qualify for one of the standard products; 

       

      (hhh)  With
        respect to each Group I Mortgage Loan, all fees and charges (including finance
        charges) and whether or not financed, assessed, collected or to be collected
        in
        connection with the origination and servicing of each Group I Mortgage Loan
        have
        been disclosed in writing to the Mortgagor in accordance with applicable
        state
        and federal law and regulation;

       

      (iii)  With
        respect to each Group I Mortgage Loan, the Originator has fully and accurately
        furnished complete information on the related Mortgagor’s credit files to
        Equifax, Experian and Trans Union Credit Information Company, in accordance
        with
        the Fair Credit Reporting Act and its implementing regulations, on a monthly
        basis;

       

      (jjj)  With
        respect to each Group I Mortgage Loan, the related mortgage note is dated
        within
        one year of the Closing Date; and

       

      (kkk)  The
        original principal balance of each Group I Mortgage Loan is within Freddie
        Mac’s
        dollar amount limits for conforming one-to-four family mortgage
        loans;

       

      (lll)  With
        respect to each Group I Mortgage Loan, no Loan is a “High Cost Home Loan”
governed by the Indiana Home Loan Practices Act, Ind. Code Ann. §§ 24-9-1-1 et
        seq.;

       

      (mmm)  With
        respect to any Group I Mortgage Loan that contains a provision permitting
        imposition of a premium upon a prepayment prior to maturity: (i) prior to
        the
        Mortgage Loan’s origination, the Mortgagor agreed to such premium in exchange
        for a monetary benefit, including but not limited to a rate or fee reduction,
        (ii) prior to the Mortgage Loan’s origination, the Mortgagor was offered the
        option of obtaining a mortgage loan that did not require payment of such
        a
        premium, (iii) the prepayment premium is disclosed to the Mortgagor in the
        loan
        documents pursuant to applicable state and federal law, (iv) the duration
        of the
        prepayment period shall not exceed three (3) years from the date of the note,
        and (v) notwithstanding any state or federal law to the contrary, the Servicer
        shall not impose such prepayment premium in any instance when the mortgage
        debt
        is accelerated as the result of the Mortgagor’s default in making the loan
        payments;

       

      (nnn)  (i)
        No
        Group I Mortgage Loan underlying the Security is “seasoned” (a seasoned mortgage
        loan is one where the date of the mortgage note is more than 1 year before
        the
        date of issuance of the related Security). 

       

      OR

       

      (ii)
        If
        any of the Group I Mortgage Loans underlying the Security are “seasoned” (a
        seasoned mortgage loan is one where the date of the mortgage note is more
        than 1
        year before the date of issuance of the related Security), the
        Seller:

       

      (a) Represents
        that it currently operates or actively participates in an on-going and active
        program or business (A) to originate mortgages, and/or (B) to make periodic
        purchases of mortgage loans from originators or other sellers, and/or (C)
        to
        issue and/or purchase securities or bonds supported by the mortgages, with
        a
        portion of the proceeds generated by such program or business being used
        to
        purchase or originate mortgages made to borrowers who are:

       

      
        	 	
                (x)

              	
                low-income
                  families (families with incomes of 80% or less of area median income)
                  living in low-income areas (a census tract or block numbering area
                  in
                  which the median income does not exceed 80 percent of the area
                  median
                  income) and/or

              

      

       

      
        	 	
                (y)

              	
                very
                  low-income families (families with incomes of 60% or less of area
                  median
                  income),

              

      

       

      and

       

      (b)
        Agrees that Freddie Mac for a period of two (2) years following the date
        of the
        agreement may contact the Seller to confirm that it continues to operate
        or
        actively participate in the mortgage program or business and to obtain other
        nonproprietary information about the Seller’s activities that may assist Freddie
        Mac in completing its regulatory reporting requirements. The Seller will
        make
        reasonable efforts to provide such information to Freddie Mac.

       

      Section
        3.02  Seller
        Representations and Warranties Relating to the Seller.
        The
        Seller represents, warrants and covenants to the Purchaser as of the Closing
        Date or as of such other date specifically provided herein:

       

      (a)  The
        Seller is duly organized, validly existing and in good standing as a corporation
        under the laws of the State of Delaware and is and will remain in compliance
        with the laws of each state in which any Mortgaged Property is located to
        the
        extent necessary to ensure the enforceability of each Mortgage Loan in
        accordance with the terms of this Agreement;

       

      (b)  The
        Seller has the full power and authority to hold each Mortgage Loan, to sell
        each
        Mortgage Loan, to execute, deliver and perform, and to enter into and
        consummate, all transactions contemplated by this Agreement. The Seller has
        duly
        authorized the execution, delivery and performance of this Agreement, has
        duly
        executed and delivered this Agreement and this Agreement, assuming due
        authorization, execution and delivery by the Purchaser, constitutes a legal,
        valid and binding obligation of the Seller, enforceable against it in accordance
        with its terns except as the enforceability thereof may be limited by
        bankruptcy, insolvency or reorganization;

       

      (c)  The
        execution and delivery of this Agreement by the Seller and the performance
        of
        and compliance with the terms of this Agreement will not violate the Seller’s
        articles of incorporation or by-laws or constitute a default under or result
        in
        a breach or acceleration of, any material contract, agreement or other
        instrument to which the Seller is a party or which may be applicable to the
        Seller or its assets;

       

      (d)  The
        Seller is not in violation of, and the execution and delivery of this Agreement
        by the Seller and its performance and compliance with the terms of this
        Agreement will not constitute a violation with respect to, any order or decree
        of any court or any order or regulation of any federal, state, municipal
        or
        governmental agency having jurisdiction over the Seller or its assets, which
        violation might have consequences that would materially and adversely affect
        the
        condition (financial or otherwise) or the operation of the Seller or its
        assets
        or might have consequences that would materially and adversely affect the
        performance of its obligations and duties hereunder;

       

      (e)  Reserved;

       

      (f)  Immediately
        prior to the payment of the Purchase Price for each Mortgage Loan, the Seller
        was the owner of the related Mortgage and the indebtedness evidenced by the
        related Mortgage Note and upon the payment of the Purchase Price by the
        Purchaser, in the event that the Seller retains record title, the Seller
        shall
        retain such record title to each Mortgage, each related Mortgage Note and
        the
        related Mortgage Files with respect thereto in trust for the Purchaser as
        the
        owner thereof,

       

      (g)  The
        Seller has not transferred the Mortgage Loans to the Purchaser with any intent
        to hinder, delay or defraud any of its creditors;

       

      (h)  There
        are
        no actions or proceedings against, or investigations known to it of, the
        Seller
        before any court, administrative or other tribunal (A) that might prohibit
        its
        entering into this Agreement, (B) seeking to prevent the sale of the Mortgage
        Loans or the consummation of the transactions contemplated by this Agreement
        or
        (C) that might prohibit or materially and adversely affect the performance
        by
        the Seller of its obligations under, or validity or enforceability of, this
        Agreement;

       

      (i)  No
        consent, approval, authorization or order of any court or governmental agency
        or
        body is required for the execution, delivery and performance by the Seller
        of,
        or compliance by the Seller with, this Agreement or the consummation of the
        transactions contemplated by this Agreement, except for such consents,
        approvals, authorizations or orders, if any, that have been
        obtained;

       

      (j)  The
        consummation of the transactions contemplated by this Agreement are in the
        ordinary course of business of the Seller. The sale of the Mortgage Loans
        is in
        the ordinary course of business of the Seller and the assignment and conveyance
        of the Mortgage Notes and the Mortgages by the Seller are not subject to
        the
        bulk transfer or any similar statutory provisions;

       

      (k)  Except
        with respect to liens released immediately prior to the transfer herein
        contemplated, each Mortgage Note and related Mortgage have not been assigned
        or
        pledged and immediately prior to the transfer and assignment herein
        contemplated, the Seller held good, marketable and indefeasible title to,
        and
        was the sole owner and holder of, each Mortgage Loan subject to no liens,
        charges, mortgages, claims, participation interests, equities, pledges or
        security interests of any nature, encumbrances or rights of others
        (collectively, a “Lien”); the Seller has full right and authority under all
        governmental and regulatory bodies having jurisdiction over the Seller, subject
        to no interest or participation of, or agreement with, any party, to sell
        and
        assign the same pursuant to this Agreement; and immediately upon the transfers
        and assignments herein contemplated. The Seller shall have transferred all
        of
        its right, title and interest in and to each Mortgage Loan and the Trustee
        will
        hold good, marketable and indefeasible title to, and be the sole owner of,
        each
        Mortgage Loan subject to no Liens.

       

      (l)  The
        Seller does not believe, nor does it have any reason or cause to believe,
        that
        it cannot perform each and every covenant contained in this Agreement;
        and

       

      (m)  Except
        with respect to any statement regarding the intentions of the Purchaser,
        or any
        other statement contained herein the truth or falsity of which is dependant
        solely upon the actions of the Purchaser, this Agreement does not contain
        any
        untrue statement of material fact or omit to state a material fact necessary
        to
        make the statements contained herein not misleading. The written statements,
        reports and other documents prepared and furnished or to be prepared and
        furnished by the Seller pursuant to this Agreement or in connection with
        the
        transactions contemplated hereby taken in the aggregate do not contain any
        untrue statement of material fact or omit to state a material fact necessary
        to
        make the statements contained therein not misleading.

       

      Section
        3.03  Remedies
        for Breach of Representations and Warranties.
        It is
        understood and agreed that the representations and warranties set forth in
        Subsections 3.01 and 3.02 shall survive the sale of the Mortgage Loans to
        the
        Purchaser and shall inure to the benefit of the Purchaser, notwithstanding
        any
        restrictive or qualified endorsement on any Mortgage Note or Assignment or
        the
        examination or lack of examination of any Mortgage File. With respect to
        the
        representations and warranties contained herein that are made to the knowledge
        or the best knowledge of the Seller, or as to which the Seller has no knowledge,
        if it is discovered that the substance of any such representation and warranty
        is inaccurate and the inaccuracy materially and adversely affects the value
        of
        the related Mortgage Loan, or the interest therein of the Purchaser or the
        Purchaser’s assignee, designee or transferee, then notwithstanding the Seller’s
        lack of knowledge with respect to the substance of such representation and
        warranty being inaccurate at the time the representation and warranty was
        made,
        such inaccuracy shall be deemed a breach of the applicable representation
        and
        warranty and the Seller shall take such action described in the following
        paragraphs of this Section 3.03 in respect of such Mortgage Loan. Upon discovery
        by either the Seller or the Purchaser of a breach of any of the foregoing
        representations and warranties that materially and adversely affects the
        value
        of the Mortgage Loans or the interest of the Purchaser (or which materially
        and
        adversely affects the interests of the Purchaser in the related Mortgage
        Loan in
        the case of a representation and warranty relating to a particular Mortgage
        Loan), the party discovering such breach shall give prompt written notice
        to the
        other. It is understood by the parties hereto that a breach of the
        representations and warranties made in Section 3.01(ss), (yy), (zz), (aaa),
        (bbb) and (ddd) will be deemed to materially and adversely affect the value
        of
        the related Mortgage Loan or the interest of the Purchaser.

       

      Within
        120 days of the earlier of either discovery by or notice to the Seller of
        any
        breach of a representation or warranty made by the Seller that materially
        and
        adversely affects the value of a Mortgage Loan or the Mortgage Loans or the
        interest therein of the Purchaser, the Seller shall use its best efforts
        promptly to cure such breach in all material respects and, if such breach
        cannot
        be cured, the Seller shall, at the Purchaser’s option, repurchase such Mortgage
        Loan at the Purchase Price. In the event that a breach shall involve any
        representation or warranty set forth in Subsection 3.02 and such breach cannot
        be cured within 120 days of the earlier of either discovery by or notice
        to the
        Seller of such breach, all of the Mortgage Loans shall, at the Purchaser’s
        option be repurchased by the Seller at the Purchase Price. The Seller may,
        at
        the request of the Purchaser and assuming the Seller has a Qualified Substitute
        Mortgage Loan, rather than repurchase a deficient Mortgage Loan as provided
        above, remove such Mortgage Loan and substitute in its place a Qualified
        Substitute Mortgage Loan or Loans. If the Seller does not provide a Qualified
        Substitute Mortgage Loan or Loans, it shall repurchase the deficient Mortgage
        Loan. Any repurchase of a Mortgage Loan(s) pursuant to the foregoing provisions
        of this Section 3.03 shall occur on a date designated by the Purchaser and
        shall
        be accomplished by deposit in accordance with Section 2.03 of the Pooling
        and
        Servicing Agreement. Any repurchase or substitution required by this Section
        shall be made in a manner consistent with Section 2.03 of the Pooling and
        Servicing Agreement.

       

      Notwithstanding
        the foregoing, within 90 days of the earlier of either discovery by or notice
        to
        the Seller of a breach of the representation of the Seller set forth in Section
        3.01(ww), the Seller shall repurchase such Mortgage Loan at the Purchase
        Price
        or substitute a Qualified Substitute Mortgage Loan for such Mortgage Loan,
        in
        each case, in accordance with the provisions set forth above.

       

      Notwithstanding
        the foregoing, within 90 days of the earlier of discovery by the Seller or
        receipt of notice by the Seller of the breach of the representation of the
        Seller set forth in Section 3.01(tt) above which materially and adversely
        affects the interests of the Holders of the Class P Certificates in any
        Prepayment Charge, the Seller shall pay the amount of the scheduled Prepayment
        Charge, for the benefit of the Holders of the Class P Certificates, by
        depositing such amount into the Collection Account, net of any amount previously
        collected by the Servicer and paid by the Servicer, for the benefit of the
        Holders of the Class P Certificates, in respect of such Prepayment
        Charge.

       

      At
        the
        time of substitution or repurchase of any deficient Mortgage Loan, the Purchaser
        and the Seller shall arrange for the reassignment of the repurchased or
        substituted Mortgage Loan to the Seller and the delivery to the Seller of
        any
        documents held by the Trustee relating to the deficient or repurchased Mortgage
        Loan. In the event the Purchase Price is deposited in the Collection Account.
        The Seller shall, simultaneously with such deposit, give written notice to
        the
        Purchaser that such deposit has taken place. Upon such repurchase, the Mortgage
        Loan Schedule shall be amended to reflect the withdrawal of the repurchased
        Mortgage Loan from this Agreement.

       

      As
        to any
        Deleted Mortgage Loan for which the Seller substitutes a Qualified Substitute
        Mortgage Loan or Loans, the Seller shall effect such substitution by delivering
        to the Purchaser or its designee for such Qualified Substitute Mortgage Loan
        or
        Loans the Mortgage Note, the Mortgage, the Assignment and such other documents
        and agreements as are required by the Pooling and Servicing Agreement. with
        the
        Mortgage Note endorsed as required therein. The Seller shall remit for deposit
        in the Collection Account the Monthly Payment due on such Qualified Substitute
        Mortgage Loan or Loans in the month following the date of such substitution.
        Monthly payments due with respect to Qualified Substitute Mortgage Loans
        in the
        month of substitution will be retained by the Seller. For the month of
        substitution, distributions to the Purchaser will include the Monthly Payment
        due on such Deleted Mortgage Loan in the month of substitution, and the Seller
        shall thereafter be entitled to retain all amounts subsequently received
        by the
        Seller in respect of such Deleted Mortgage Loan. Upon such substitution,
        the
        Qualified Substitute Mortgage Loans shall be subject to the terms of this
        Agreement in all respects, and the Seller shall be deemed to have made with
        respect to such Qualified Substitute Mortgage Loan or Loans as of the date
        of
        substitution, the covenants, representations and warranties set forth in
        Subsections 3.01 and 3.02.

       

      It
        is
        understood and agreed that the representations and warranties set forth in
        Sections 3.01 and 3.02 shall survive delivery of the respective Mortgage
        Files
        to the Trustee on behalf of the Purchaser.

       

      It
        is
        understood and agreed that the obligations of the Seller set forth in this
        Section 3.03 to cure, repurchase and substitute for a defective Mortgage
        Loan
        and the obligations of the Seller to indemnify the Purchaser as provided
        in
        Section 5.01 constitute the sole remedies of the Purchaser respecting a missing
        or defective document or a breach of the representations and warranties
        contained in Section 3.01 or 3.02.

       

      ARTICLE
        IV

       

      SELLER’S
        COVENANTS

       

      Section
        4.01  Covenants
        of the Seller.
        The
        Seller hereby covenants that except for the transfer hereunder, the Seller
        will
        not sell, pledge, assign or transfer to any other Person, or grant, create,
        incur, assume or suffer to exist any Lien on any Mortgage Loan, or any interest
        therein; the Seller will notify the Trustee, as assignee of the Purchaser,
        of
        the existence of any Lien on any Mortgage Loan immediately upon discovery
        thereof, and the Seller will defend the right, title and interest of the
        Trust,
        as assignee of the Purchaser, in, to and under the Mortgage Loans, against
        all
        claims of third parties claiming through or under the Seller; provided,
        however,
        that
        nothing in this Section 4.01 shall prevent or be deemed to prohibit the Seller
        from suffering to exist upon any of the Mortgage Loans any Liens for municipal
        or other local taxes and other governmental charges if such taxes or
        governmental charges shall not at the time be due and payable or if the Seller
        shall currently be contesting the validity thereof in good faith by appropriate
        proceedings and shall have set aside on its books adequate reserves with
        respect
        thereto.

       

      ARTICLE
        V

       

      INDEMNIFICATION
        WITH RESPECT TO THE MORTGAGE LOANS

       

      Section
        5.01  Indemnification.

       

      (a)  The
        Seller indemnifies and holds harmless the Purchaser, its respective officers
        and
        directors and each person, if any, who controls the Purchaser within the
        meaning
        of Section 15 of the Securities Act or Section 20 of the Exchange Act, as
        follows:

       

      (i)  against
        any and all losses, claims, expenses, damages or liabilities, joint or several,
        to which the Purchaser or such controlling person may become subject under
        the
        Securities Act or otherwise, insofar as such losses, claims, damages or
        liabilities (or actions in respect thereof including, but not limited to,
        any
        loss, claim, expense, damage or liability related to purchases and sales
        of the
        Certificates) arise out of or are based upon any untrue statement or alleged
        untrue statement of any material fact contained in the Prospectus Supplement,
        or
        any amendment or supplement thereto, or arise out of, or are based upon,
        the
        omission or alleged omission to state therein a material fact required to
        be
        stated therein or necessary to make the statements made therein not misleading,
        to the extent that any untrue statement or alleged untrue statement therein
        results (or is alleged to have resulted) from an error or material omission
        in
        the information concerning the Seller Information furnished by the Seller
        to the
        Purchaser for use in the preparation of the Prospectus Supplement, which
        error
        was not superseded or corrected by the delivery to the Purchaser of corrected
        written or electronic information, or for which the Seller provided written
        notice of such error to the Purchaser prior to the confirmation of the sale
        of
        the Certificates; and will reimburse the Purchaser and each such controlling
        person for any legal or other expenses reasonably incurred by the Purchaser
        or
        such controlling person in connection with investigating or defending any
        such
        loss, claim, damage. liability or action as such expenses are
        incurred;

       

      (ii)  against
        any and all loss, liability, claim, damage and expense whatsoever, to the
        extent
        of the aggregate amount paid in settlement of any litigation, or investigation
        or proceeding by any governmental agency or body, commenced or threatened,
        or of
        any claim whatsoever based upon any such untrue statement or omission, or
        any
        such alleged untrue statement or omission, if such settlement is effected
        with
        the written consent of the Purchaser; and

       

      (iii)  against
        any and all expense whatsoever (including the fees and disbursements of counsel
        chosen by the Purchaser), reasonably incurred in investigating, preparing
        or
        defending against any litigation, or investigation or proceeding by any
        governmental agency or body. commenced or threatened, or any claim whatsoever
        based upon any such untrue statement or omission, or any such alleged untrue
        statement or omission, to the extent that any such expense is not paid under
        clause (i) or clause (ii) above.

       

      This
        indemnity agreement will be in addition to any liability which the Seller
        may
        otherwise have.

       

      (b)  Promptly
        after receipt by any indemnified party under this Article V of notice of
        any
        claim or the commencement of any action, such indemnified party shall, if
        a
        claim in respect thereof is to be made against any indemnifying party under
        this
        Article V, notify the indemnifying party in writing of the claim or the
        commencement of that action; provided,
        however,
        that
        the failure to notify an indemnifying party shall not relieve it from any
        liability which it may have under this Article V except to the extent it
        has
        been materially prejudiced by such failure and, provided further, that the
        failure to notify any indemnifying party shall not relieve it from any liability
        which it may have to any indemnified party otherwise than under this Article
        V.

       

      If
        any
        such claim or action shall be brought against an indemnified party, and it
        shall
        notify the indemnifying party thereof, the indemnifying party shall be entitled
        to participate therein and, to the extent that it wishes, jointly with any
        other
        similarly notified indemnifying party, to assume the defense thereof with
        counsel reasonably satisfactory to the indemnified party. After notice from
        the
        indemnifying party to the indemnified party of its election to assume the
        defense of such claim or action, the indemnifying party shall not be liable
        to
        the indemnified party under this Article V for any legal or other expenses
        subsequently incurred by the indemnified party in connection with the defense
        thereof other than reasonable costs of investigation.

       

      Any
        indemnified party shall have the right to employ separate counsel in any
        such
        action and to participate in the defense thereof, but the fees and expenses
        of
        such counsel shall be at the expense of such indemnified party unless: (i)
        the
        employment thereof has been specifically authorized by the indemnifying party
        in
        writing; (ii) such indemnified party shall have been advised in writing by
        such
        counsel that there may be one or more legal defenses available to it which
        are
        different from or additional to those available to the indemnifying party
        and in
        the reasonable judgment of such counsel it is advisable for such indemnified
        party to employ separate counsel; or (iii) the indemnifying party has failed
        to
        assume the defense of such action and employ counsel reasonably satisfactory
        to
        the indemnified party, in which case, if such indemnified party notifies
        the
        indemnifying party in writing that it elects to employ separate counsel at
        the
        expense of the indemnifying party, the indemnifying party shall not have
        the
        right to assume the defense of such action on behalf of such indemnified
        party,
        it being understood, however, the indemnifying party shall not, in connection
        with any one such action or separate but substantially similar or related
        actions in the same jurisdiction arising out of the same general allegations
        or
        circumstances, be liable for the reasonable fees and expenses of more than
        one
        separate firm of attorneys (in addition to local counsel) at any time for
        all
        such indemnified parties, which firm shall be designated in writing by the
        Purchaser, if the indemnified parties under this Article V consist of the
        Purchaser.

       

      Each
        indemnified party, as a condition of the indemnity agreements contained in
        Section 5.01 (a) and (b) hereof, shall use its best efforts to cooperate
        with
        the indemnifying party in the defense of any such action or claim. No
        indemnifying party shall be liable for any settlement of any such action
        effected without its written consent (which consent shall not be unreasonably
        withheld), but if settled with its written consent or if there be a final
        judgment for the plaintiff in any such action, the indemnifying party agrees
        to
        indemnify and hold harmless any indemnified party from and against any loss
        or
        liability by reason of such settlement or judgment. Notwithstanding the
        foregoing sentence, if at any time an indemnified party shall have requested
        an
        indemnifying party to consent to a settlement of any action, the indemnifying
        party agrees that it shall be liable for any settlement of any proceeding
        effected without its written consent if such settlement is entered into more
        than 30 days after receipt by such indemnifying party of the aforesaid request
        and the indemnifying party has not previously provided the indemnified party
        with written notice of its objection to such settlement. No indemnifying
        party
        shall effect any settlement of any pending or threatened proceeding in respect
        of which an indemnified party is or could have been a party and indemnity
        is or
        could have been sought hereunder, without the written consent of such
        indemnified party, unless settlement includes an unconditional release of
        such
        indemnified party from all liability and claims that are the subject matter
        of
        such proceeding.

       

      (c)  In
        order
        to provide for just and equitable contribution in circumstances in which
        the
        indemnity agreement provided for in this Article is for any reason held to
        be
        unenforceable although applicable in accordance with its terms, the Seller,
        on
        the one hand, and the Purchaser, on the other, shall contribute to the aggregate
        losses, liabilities, claims, damages and expenses of the nature contemplated
        by
        said indemnity agreement incurred by the Seller and the Purchaser in such
        proportions as shall be appropriate to reflect the relative benefits received
        by
        the Seller on the one hand and the Purchaser on the other from the sale of
        the
        Mortgage Loans; provided,
        however,
        that no
        person guilty of fraudulent misrepresentation (within the meaning of Section
        11
        (f) of the Securities Act) shall be entitled to contribution from any person
        who
        was not guilty of such fraudulent misrepresentation. For purposes of this
        Section, each officer and director of the Purchaser and each person, if any,
        who
        controls the Purchaser within the meaning of Section 15 of the Securities
        Act
        shall have the same rights to contribution as the Purchaser and each director
        of
        the Seller, each officer of the Seller, and each person, if any, who controls
        the Seller within the meaning of Section 15 of the Securities Act shall have
        the
        same rights to contribution as the Seller.

       

      (d)  The
        Seller agrees to indemnify and to hold each of the Purchaser, the Trustee,
        each
        of the officers and directors of each such entity and each person or entity
        who
        controls each such entity or person and each Certificateholder harmless against
        any and all claims, losses, penalties, fines, forfeitures, legal fees and
        related costs, judgments, and any other costs, fees and expenses that the
        Purchaser, the Trustee, or any such person or entity and any Certificateholder
        may sustain in any way (i) related to the failure of the Seller to perform
        its
        duties in compliance with the terms of this Agreement or (ii) arising from
        a
        breach by the Seller of its representations and warranties in Sections 3.01
        and
        3.02 of this Agreement. The Seller shall immediately notify the Purchaser,
        the
        Trustee and each Certificateholder if a claim is made by a third party with
        respect to this Agreement. The Seller shall assume the defense of any such
        claim
        and pay all expenses in connection therewith, including reasonable counsel
        fees,
        and promptly pay, discharge and satisfy any judgment or decree which may
        be
        entered against the Purchaser, the Trustee or any such person or entity and/or
        any Certificateholder in respect of such claim.

       

      ARTICLE
        VI

       

      TERMINATION

       

      Section
        6.01  Termination.
        The
        respective obligations and responsibilities of the Seller and the Purchaser
        created hereby shall terminate, except for the Seller’s indemnity obligations as
        provided herein upon the termination of the Trust as provided in Article
        X of
        the Pooling and Servicing Agreement.

       

      ARTICLE
        VII

       

      MISCELLANEOUS
        PROVISIONS

       

      Section
        7.01  Amendment.
        This
        Agreement may be amended from time to time by the Seller and the Purchaser,
        by
        written agreement
        signed by the Seller and the Purchaser.

       

      Section
        7.02  Governing
        Law.
        This
        Agreement shall be governed by and construed in accordance with the laws
        of the
        State of New York and the obligations, rights and remedies of the parties
        hereunder shall be determined in accordance with such laws.

       

      Section
        7.03  Notices.
        All
        demands, notices and communications hereunder shall be in writing and shall
        be
        deemed to have been duly given if personally delivered at or mailed by
        registered mail, postage prepaid, addressed as follows: (i) if to the Seller,
        Greenwich Capital Financial Products, Inc., 600 Steamboat Road, Greenwich,
        Connecticut 06830, Attention: Legal, or such other address as may hereafter
        be
        furnished to the Purchaser in writing by the Seller and (ii) if to the
        Purchaser, Financial Asset Securities Corp., 600 Steamboat Road, Greenwich,
        Connecticut 06830, Attention: Legal, or such other address as may hereafter
        be
        furnished to the Seller in writing by the Purchaser.

       

      Section
        7.04  Severability
        of Provisions.
        If any
        one or more of the covenants, agreements, provisions of terms of this Agreement
        shall be held invalid for any reason whatsoever, then such covenants,
        agreements, provisions or terms shall be deemed severable from the remaining
        covenants, agreements, provisions or terms of this Agreement and shall in
        no way
        affect the validity of enforceability of the other provisions of this
        Agreement.

       

      Section
        7.05  Counterparts.
        This
        Agreement may be executed in one or more counterparts and by the different
        parties hereto on separate counterparts, each of which, when so executed,
        shall
        be deemed to be an original and such counterparts, together, shall constitute
        one and the same agreement.

       

      Section
        7.06  Further
        Agreements.
        The
        Purchaser and the Seller each agree to execute and deliver to the other such
        additional documents, instruments or agreements as may be necessary or
        reasonable and appropriate to effectuate the purposes of this Agreement or
        in
        connection with the issuance of any Series of Certificates representing
        interests in the Mortgage Loans.

       

      Without
        limiting the generality of the foregoing, as a further inducement for the
        Purchaser to purchase the Mortgage Loans from the Seller, the Seller will
        cooperate with the Purchaser in connection with the sale of any of the
        securities representing interests in the Mortgage Loans. In that connection,
        the
        Seller will provide to the Purchaser any and all information and appropriate
        verification of information, whether through letters of its auditors and
        counsel
        or otherwise, as the Purchaser shall reasonably request and will provide
        to the
        Purchaser such additional representations and warranties, covenants, opinions
        of
        counsel, letters from auditors, and certificates of public officials or officers
        of the Seller as are reasonably required in connection with such transactions
        and the offering of investment grade securities rated by the Rating
        Agencies.

       

      Section
        7.07  Intention
        of the Parties.
        It is
        the intention of the parties that the Purchaser is purchasing, and the Seller
        is
        selling, the Mortgage Loans rather than pledging the Mortgage Loans to secure
        a
        loan by the Purchaser to the Seller. Accordingly, the parties hereto each
        intend
        to treat the transaction for federal income tax purposes and all other purposes
        as a sale by the Seller, and a purchase by the Purchaser, of the Mortgage
        Loans.
        The Purchaser will have the right to review the Mortgage Loans and the related
        Mortgage Files to determine the characteristics of the Mortgage Loans which
        will
        affect the federal income tax consequences of owning the Mortgage Loans and
        the
        Seller will cooperate with all reasonable requests made by the Purchaser
        in the
        course of such review.

       

      Section
        7.08  Successors
        and Assigns; Assignment of Purchase Agreement.
        This
        Agreement shall bind and inure to the benefit of and be enforceable by the
        Seller, the Purchaser and the Trustee.

       

      The
        obligations of the Seller under this Agreement cannot be assigned or delegated
        to a third party without the consent of the Purchaser which consent shall
        be at
        the Purchaser’s sole discretion, except that the Purchaser acknowledges and
        agrees that the Seller may assign its obligations hereunder to any Person
        into
        which the Seller is merged or any corporation resulting from any merger,
        conversion or consolidation to which the Seller is a party or any Person
        succeeding to the business of the Seller. The parties hereto acknowledge
        that
        the Purchaser is acquiring the Mortgage Loans for the purpose of contributing
        them to a trust that will issue a series of Certificates representing undivided
        interests in such Mortgage Loans. As an inducement to the Purchaser to purchase
        the Mortgage Loans, the Seller acknowledges and consents to the assignment
        by
        the Purchaser to the Trustee of all of the Purchaser’s rights against the Seller
        pursuant to this Agreement insofar as such rights relate to Mortgage Loans
        transferred to the Trustee and to the enforcement or exercise of any right
        or
        remedy against the Seller pursuant to this Agreement by the Trustee. Such
        enforcement of a right or remedy by the Trustee shall have the same force
        and
        effect as if the right or remedy had been enforced or exercised by the Purchaser
        directly.

       

      Section
        7.09  Survival.
        The
        representations and warranties set forth in Sections 3.01 and 3.02 and the
        provisions of Article V hereof shall survive the purchase of the Mortgage
        Loans
        hereunder.

       

      

      IN
        WITNESS WHEREOF, the Seller and the Purchaser have caused their names to
        be
        signed to this Mortgage Loan Purchase Agreement by their respective officers
        thereunto duly authorized as of the day and year first above
        written.

       

      
        	
                FINANCIAL
                  ASSET SECURITIES CORP.,

                as
                  Purchaser

              
	 	 
	
                By:

              	 
	
                Name:

              	 
	
                Title:

              	 
	 
	 
	
                GREENWICH
                  CAPITAL FINANCIAL PRODUCTS, INC., as Seller

              
	 	 
	
                By:

              	 
	
                Name:

              	 
	
                Title:

              	 

      

      

       

      

      
        
          
          

        

        
          
          

          
            

          

        

        
          
          

        

      

       

      SCHEDULE
        I

       

      MORTGAGE
        LOANS

       

      SEE
        EXHIBIT D TO

      POOLING
        AND SERVICING AGREEMENT

       

      

       

      

       

      

    

    

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    EXHIBIT
      D

     

    MORTGAGE
      LOAN SCHEDULE

     

    As
      Filed
      on November 6, 2006

    

    

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    EXHIBIT
      E

     

    REQUEST
      FOR RELEASE

     

    To:
       [Address
      for Custodian: Mortgage Document Custody

    Wells
      Fargo Corporate Trust Services

    24
      Executive Park, Suite 100 

    Irvine,
      California 92614]

    

    

      
        	
                Re:

              	
                Custodial
                  Agreement, dated as of November 1, 2006, among Deutsche Bank National
                  Trust Company as the Trustee, National City Home Loan Services,
                  Inc. as Servicer and Wells
                  Fargo Bank, N.A.
                  as
                  the Custodian

              

      

    

    
    

    In
      connection with the administration of the Mortgage Loans included in the Trust
      Fund established pursuant to the Pooling and Servicing Agreement dated as of
      November 1, 2006, among Financial Asset Securities Corp. as Depositor, National
      City Home Loan Services, Inc., as Servicer, and Deutsche Bank National Trust
      Company, a national banking association, as Trustee and held by you as Custodian
      pursuant to the above-captioned Custodial Agreement, we request the release,
      and
      hereby acknowledge receipt of the Custodial File for the Mortgage Loan described
      below, for the reason indicated.

     

    Mortgage
      Loan Number:

     

    Mortgagor
      Name, Address & Zip Code:

     

    Reason
      for Requesting Documents (check one):

     

    
      	
              _________1.

            	
              Mortgage
                Paid in Full

            
	
              _________2.

            	
              Foreclosure

            
	
              _________3.

            	
              Substitution

            
	
              _________4.

            	
              Other
                Liquidation (Repurchases, etc.)

            
	
              _________5.

            	
              Nonliquidation         Reason:_____________________

            

    

    Address
      to which Trustee should deliver

     

    the
      Custodial File:

     

    
      	 
	 

    

    

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    

     

    
      	
              By:

            	 
	 	
              (authorized
                signer)

            
	
              Issuer:

            	 
	
              Address:

            	 
	
              Date:

            	 

    

    

     

    Custodian

    

    Wells
      Fargo Bank, N.A.

    

    Please
      acknowledge the execution of the above request by your signature and date
      below:

     

    
      	 	 	 
	
              Signature

            	 	 	
              Date

            	 
	 	 	 	 	 
	
              Documents
                returned to Custodian:

            	 	 	 
	 	 	 	 	 
	
              Custodian:

            	 	 	
              Date:

            	 

    

    

     

    

    

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    EXHIBIT
      F-1

     

    [FORM
      OF
      TRUSTEE’S INITIAL CERTIFICATION

     

    November
      __, 2006

     

    Financial
      Asset Securities Corp.

    600
      Steamboat Road

    Greenwich,
      Connecticut 06830

     

    
      	
              Re:

            	
              Pooling
                and Servicing Agreement dated as of November 1, 2006, among Financial
                Asset Securities Corp. as Depositor, National City Home Loan Services,
                Inc., as Servicer, and Deutsche Bank National Trust Company as
                Trustee

            

    

    

     

    Ladies
      and Gentlemen:

     

    Attached
      is the Trustee’s preliminary exception report delivered in accordance with
      Section 2.02 of the referenced Pooling and Servicing Agreement (the “Pooling and
      Servicing Agreement”). Capitalized terms used but not otherwise defined herein
      shall have the meanings set forth in the Pooling and Servicing
      Agreement.

     

    The
      Trustee has made no independent examination of any documents contained in each
      Mortgage File beyond the review specifically required in the Pooling and
      Servicing Agreement. The Trustee makes no representations as to (i) the
      validity, legality, sufficiency, enforceability or genuineness of any of the
      documents contained in the Mortgage File pertaining to the Mortgage Loans
      identified on the Mortgage Loan Schedule, (ii) the collectability, insurability,
      effectiveness or suitability of any such Mortgage Loan or (iii) whether any
      Mortgage File includes any of the documents specified in clause (vi) of Section
      2.01 of the Pooling and Servicing Agreement.

     

    
      	
              DEUTSCHE
                BANK NATIONAL TRUST COMPANY

            
	 	 
	
              By:

            	 
	
              Name:

            	 
	
              Title:]

            	 

    

    

     

    

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    [FORM
      OF
      CUSTODIAN’S INITIAL CERTIFICATION

    _____,
      2006

    Trust
      Receipt #: ____ 

    Original
      Principal Balance of the Mortgage Loans:$_______

    

    
      	
              Deutsche
                Bank National Trust Company

              1761
                East St. Andrew Place

              Santa
                Ana, California 92705-4934

              Attention:
                Trust Administration GC04FFH16

            	
              Financial
                Asset Securities Corp.

              600
                Steamboat Road

              Greenwich,
                Connecticut 08630

            
	 	 
	
              Greenwich
                Capital Markets, Inc.

              600
                Steamboat Road

              Greenwich,
                Connecticut 08630

            	 

    

    
    

     

    
      	
              Re:

            	
              Custodial
                Agreement, dated as of November 1, 2006, among Deutsche Bank National
                Trust Company as the Trustee, National City Home Loan Sevices, Inc.
                as
                Servicer and Wells
                Fargo Bank, N.A.
                as
                the Custodian

            

    

     

    Ladies
      and Gentlemen:

    In
      accordance with the provisions of Section 3 of the above-referenced Custodial
      Agreement, the undersigned, as the Custodian, hereby certifies that it is
      holding the Mortgage Loans identified on the schedule attached hereto for the
      exclusive benefit of the Trustee pursuant to the terms and conditions of the
      Custodial Agreement, and it has received a Custodial File with respect to each
      such Mortgage Loan (other than any Mortgage Loan specifically identified on
      the
      exception report attached hereto) and that with respect to each such Mortgage
      Loan: (i) all documents required to be delivered to it pursuant to Section
      2.01
      of this Agreement are in its possession, (ii) such documents have been reviewed
      by it and have not been mutilated, damaged or torn and appear on their face
      to
      relate to such Mortgage Loan and (iii) based on its examination and only as
      to
      the foregoing, the information set forth in the Mortgage Loan Schedule that
      corresponds to items (1) and (3) of the definition of “Mortgage Loan Schedule”
in the Pooling and Servicing Agreement accurately reflects information set
      forth
      in the Custodial File.

     

    The
      Custodian hereby confirms that it is holding each such Custodial File as agent
      and bailee of and custodian for the exclusive use and benefit of the Trustee
      pursuant to the terms of the Custodial Agreement.

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    Capitalized
      terms used herein shall have the meaning ascribed to them in the Custodial
      Agreement. 

     

    
      	
              WELLS
                FARGO
                BANK, N.A. 

              (Custodian)

            
	 	 
	
              By:

            	 
	
              Name:

            	 
	
              Title:]

            	 

    

    

     

    

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    EXHIBIT
      F-2

     

    [FORM
      OF
      TRUSTEE’S FINAL CERTIFICATION

     

    ________________

    [Date]

     

    Financial
      Asset Securities Corp.

    600
      Steamboat Road

    Greenwich,
      Connecticut 06830

     

    
      	
              Re:

            	
              Pooling
                and Servicing Agreement (the “Pooling and Servicing Agreement”), dated as
                of November 1, 2006 among Financial Asset Securities Corp., as Depositor,
                National City Home Loan Services, Inc., as Servicer and Deutsche
                Bank
                National Trust Company, as Trustee with respect to First Franklin
                Mortgage
                Loan Trust 2006-FF16, Asset-Backed Certificates, Series
                2006-FF16

            

    

     

    Ladies
      and Gentlemen:

     

    In
      accordance with Section 2.02 of the Pooling and Servicing Agreement, the
      undersigned, as Trust Administrator, hereby certifies that as to each Mortgage
      Loan listed in the Mortgage Loan Schedule (other than any Mortgage loan paid
      in
      full or listed on Schedule I hereto) it (or its custodian) has received the
      applicable documents listed in Section 2.01 of the Pooling and Servicing
      Agreement.

     

    The
      undersigned hereby certifies that as to each Mortgage Loan identified on the
      Mortgage Loan Schedule, other than any Mortgage Loan listed on Schedule I
      hereto, it has reviewed the documents listed above and has determined that
      each
      such document appears to be complete and, based on an examination of such
      documents, the information set forth in items 1, 3, 10, 11 and 15 of the
      definition of Mortgage Loan Schedule in the Pooling and Servicing Agreement
      accurately reflects information in the Mortgage File.

     

    Capitalized
      words and phrases used herein shall have the respective meanings assigned to
      them in the Pooling and Servicing Agreement. This Certificate is qualified
      in
      all respects by the terms of said Pooling and Servicing Agreement.

     

    
      	
              DEUTSCHE
                BANK NATIONAL TRUST COMPANY

            
	 	 
	
              By:

            	 
	
              Name:

            	 
	
              Title:]

            	 

    

    

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    [FORM
      OF
      CUSTODIAN’S FINAL CERTIFICATION 

    

    TRUST
      RECEIPT # ___

    ______,
      2006

    Aggregate
      Amount of Mortgage Loans: _____

    Original
      Principal Balance of Aggregate Mortgage Loans: __________

    

    
      	
              Deutsche
                Bank National Trust Company

              1761
                East St. Andrew Place

              Santa
                Ana, California 92705-4934

              Attention:
                Trust Administration GC04FFH16

            	
              Financial
                Asset Securities Corp.

              600
                Steamboat Road

              Greenwich,
                Connecticut 08630

            
	 	 
	
              Greenwich
                Capital Markets, Inc.

              600
                Steamboat Road

              Greenwich,
                Connecticut 08630

            	 

    

    
    

     

    
      	
              Re:

            	
              Custodial
                Agreement, dated as of November 1, 2006, among Deutsche Bank National
                Trust Company as the Trustee, National City Home Loan Sevices, Inc.
                as
                Servicer and Wells
                Fargo Bank, N.A.
                as
                the Custodian

            

    

    

    Ladies
      and Gentlemen:

    

    In
      accordance with the provisions of Section 4 of the above-referenced Custodial
      Agreement, the undersigned, as the Custodian, hereby certifies that as to each
      Mortgage Loan listed on the Mortgage Loan Schedule (other than any Mortgage
      Loan
      paid in full or any Mortgage Loan listed on the attachment hereto) it has
      reviewed the Custodial Files and has determined that (i) all documents required
      to be delivered to it pursuant to Sections 2(i), (ii), (iii), (iv) and (v)
      of
      the Custodial Agreement are in its possession and to the extent provided in
      the
      Custodial Files paragraph (v) of Section 2 of the Custodial Agreement are in
      its
      possession; (ii) such documents have been reviewed by it and appear regular
      on
      their face and relate to such Mortgage Loan; (iii) based on its examination
      and
      only as to the foregoing documents, the information set forth in items (1)
      and
      (3) of the definition of “Mortgage Loan Schedule” in the Pooling and Servicing
      Agreement accurately reflects information set forth in the Custodial File;
      and
      (iv) each Mortgage Note has been endorsed as provided in Section 2 of the
      Custodial Agreement and each Mortgage has been assigned in accordance with
      Section 2 of the Custodial Agreement. The Custodian makes no representations
      as
      to (i) the validity, legality, enforceability, sufficiency, due authorization
      or
      genuineness of any of the documents contained in each Custodial File or of
      any
      of the Mortgage Loans or (ii) the collectability, insurability, effectiveness
      or
      suitability of any such Mortgage Loan.

     

    The
      Custodian hereby confirms that it is holding each such Custodial File as agent
      and bailee of, and custodian for the exclusive use and benefit, and subject
      to
      the sole direction, of the Trustee pursuant to the terms and conditions of
      the
      Custodial Agreement.

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    Capitalized
      terms used herein shall have the meaning ascribed to them in the Custodial
      Agreement.

     

    
      	
              WELLS
                FARGO
                BANK, N.A. 

              (Custodian)

            
	 	 
	
              By:

            	 
	
              Name:

            	 
	
              Title]

            	 

    

    

     

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    EXHIBIT
      F-3

     

    FORM
      OF
      RECEIPT OF MORTGAGE NOTE

     

    

     

    Financial
      Asset Securities Corp.

    600
      Steamboat Road

    Greenwich,
      Connecticut 06830

     

    
      	
              Re:

            	
              First
                Franklin Mortgage Loan Trust 2006-FF16, Asset-Backed
                Certificates Series 2006-FF16

            

    

    Ladies
      and Gentlemen:

     

    Pursuant
      to Section 3 of the Custodial Agreement, dated as of November 1, 2006, among
      Deutsche Bank National Trust Company as the Trustee, National City Home Loan
      Sevices, Inc. as Servicer and Wells
      Fargo Bank, N.A.
      as the
      Custodian, we hereby acknowledge the receipt of the original Mortgage Notes
      with
      any exceptions thereto listed on Exhibit 2.

    

    
      	
              WELLS
                FARGO BANK, N.A.

            
	 	 
	
              By:

            	 
	
              Name:

            	 
	
              Title:

            	 

    

    

    

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    EXHIBIT
      G

     

    FORM
      OF
      CUSTODIAL AGREEMENT

     

     

    
      

         

        
          
            

          

        

        

         

         

        DEUTSCHE
          BANK NATIONAL TRUST COMPANY, as Trustee

        for
          the
          First Franklin Mortgage Loan Trust 2006-FF16,

        Asset
          Backed Certificates, Series 2006-FF16

         

         

         

        and

         

         

         

        WELLS
          FARGO BANK, N.A.,

        as
          Custodian

         

        and

         

        NATIONAL
          CITY HOME LOAN SERVICES, INC.,

        as
          Servicer

         

         

         

        CUSTODIAL
          AGREEMENT

         

        As
          of
          November 1, 2006

         

         

        
          
            

          

         

        
          
            
            

          

          
            
            

            
              

            

          

          
            
            

          

        

         

         

         

        TABLE
          OF CONTENTS

         

         

         

        
          	
                  Section
                    

                	 
	
                  1.

                	
                  Definitions.

                
	
                  2.

                	
                  Delivery
                    of Custodial Files.

                
	
                  3.

                	
                  Custodian’s
                    Receipt, Examination and Certification of Mortgage Files; Initial
                    Trust
                    Receipt Delivered by the Custodian.

                
	
                  4.

                	
                  Obligations
                    of the Custodian.

                
	
                  5.

                	
                  Final
                    Trust Receipt.

                
	
                  6.

                	
                  Future
                    Defects.

                
	
                  7.

                	
                  Release
                    for Servicing.

                
	
                  8.

                	
                  Release
                    for Payment.

                
	
                  9.

                	
                  Fees
                    and Expenses of Custodian.

                
	
                  10.

                	
                  Removal
                    of Custodian.

                
	
                  11.

                	
                  Transfer
                    of Custodial Files.

                
	
                  12.

                	
                  Examination
                    of Custodial Files.

                
	
                  13.

                	
                  Insurance
                    of Custodian.

                
	
                  14.

                	
                  Counterparts.

                
	
                  15.

                	
                  Periodic
                    Statements.

                
	
                  16.

                	
                  Governing
                    Law

                
	
                  17.

                	
                  Copies
                    of Mortgage Documents.

                
	
                  18.

                	
                  No
                    Adverse Interest of Custodian.

                
	
                  19.

                	
                  Termination
                    by Custodian.

                
	
                  20.

                	
                  Term
                    of Agreement.

                
	
                  21.

                	
                  Notices.

                
	
                  22.

                	
                  Successors
                    and Assigns.

                
	
                  23.

                	
                  Indemnification
                    of Custodian.

                
	
                  24.

                	
                  Reliance
                    of Custodian.

                
	
                  25.

                	
                  Transmission
                    of Custodial Files.

                
	
                  26.

                	
                  Authorized
                    Representatives.

                
	
                  27.

                	
                  Reproduction
                    of Documents.

                
	
                  28.

                	
                  Amendment.

                
	
                  29.

                	
                  Compliance
                    with Regulation AB.

                
	
                  30.

                	
                  Limitation
                    of Liability.

                

        

         

         

        EXHIBITS

         

        

         

        
          	
                  EXHIBIT
                    1

                	
                  FORM
                    OF TRUST RECEIPT AND INITIAL CERTIFICATION

                
	
                  EXHIBIT
                    2

                	
                  FORM
                    OF FINAL TRUST RECEIPT

                
	
                  EXHIBIT
                    3 

                	
                  FORM
                    OF REQUEST FOR RELEASE OF DOCUMENTS

                
	
                  EXHIBIT
                    4

                	
                  AUTHORIZED
                    REPRESENTATIVES OF SERVICER

                
	
                  EXHIBIT
                    5

                	
                  AUTHORIZED
                    REPRESENTATIVES OF TRUSTEE

                
	
                  EXHIBIT
                    6

                	
                  AUTHORIZED
                    REPRESENTATIVES OF CUSTODIAN 

                
	
                  EXHIBIT
                    7

                	
                  MORTGAGE
                    LOAN SCHEDULE

                
	
                  EXHIBIT
                    8

                	
                  FORM
                    OF RECEIPT OF MORTGAGE NOTE

                
	
                  EXHIBIT
                    9

                	
                  SERVICING
                    CRITERIA TO BE ADDRESSED IN ASSESSMENT OF
                    COMPLIANCE

                

        

        

        

        
          
            
            

          

          
            
            

            
              

            

          

          
            
            

            
            

          

        

         

        THIS
          CUSTODIAL AGREEMENT, dated as of November 1, 2006, among Deutsche Bank
          National
          Trust Company, having an address at 1761
          East
          St. Andrew Place, Santa Ana, California 92705-4934, not individually but
          solely
          as trustee for First Franklin Mortgage Loan Trust 2006-FF16, Asset-Backed
          Certificates, Series 2006-FF16 (the “Trustee”), Wells Fargo Bank, N.A. as
          custodian, having an address at 24 Executive Park, Suite 100, Irvine, California
          92614 (the “Custodian”) and National City Home Loan Services, Inc. as servicer
          (the “Servicer”), having an address at 150 Allegheny Center, Locator 47-23-501,
          Pittsburgh, Pennsylvania 15212-5356.

         

        W I T N E S S E T H

         

        WHEREAS,
          Financial Asset Securities Corp. (the “Depositor”) has agreed to purchase
          certain first-lien, fixed-rate and adjustable-rate mortgage loans (the
“Mortgage
          Loans”) from Greenwich Capital Financial Products, Inc. (the “Seller”), pursuant
          to the terms and conditions of a Mortgage Loan Purchase Agreement, dated
          as of
          November 16, 2006, between the Depositor and the Seller (the “Purchase
          Agreement”);

         

        WHEREAS,
          the Servicer is to service the Mortgage Loans on behalf of First Franklin
          Mortgage Loan Trust 2006-FF16, under a Pooling and Servicing Agreement,
          dated as
          of November 1, 2006, among the Depositor, the Servicer and the Trustee
          (the
“Pooling and Servicing Agreement”); and

         

        WHEREAS,
          the Custodian is a national banking association chartered under the laws
          of the
          United States of America and regulated by the Comptroller of the Currency,
          and
          is otherwise authorized to act as Custodian pursuant to this Agreement.
          With
          respect to each of the Mortgage Loans set forth on the Mortgage Loan Schedule
          attached as Exhibit 8 hereto, the Servicer desires to have the Custodian
          take
          possession of the Mortgages and Mortgage Notes, along with certain other
          documents specified herein, as the custodian of the Trustee, in accordance
          with
          the terms and conditions hereof.

         

        NOW
          THEREFORE, in consideration of the mutual undertakings herein expressed,
          the
          parties hereto hereby agree as follows:

         

        1.  Definitions.

         

        Any
          capitalized terms used but not defined herein shall have the meanings ascribed
          to them in the Pooling and Servicing Agreement.

         

        2.  Delivery
          of Custodial Files.

         

        The
          Depositor has delivered and released, or will cause to be delivered and
          released, to the Custodian on or prior to the Closing Date the following
          documents pertaining to each of the Mortgage Loans identified in the Mortgage
          Loan Schedule (the “Custodial File”):

         

        (i)  the
          original Mortgage Note, endorsed either (A) in blank, in which case the
          Custodian shall cause the endorsement to be completed or (B) in the following
          form: “Pay to the order of Deutsche Bank National Trust Company, as Trustee,
          without recourse” or with respect to any lost Mortgage Note, an original Lost
          Note Affidavit stating that the original mortgage note was lost, misplaced
          or
          destroyed, together with a copy of the related mortgage note; provided,
          however,
          that such substitutions of Lost Note Affidavits for original Mortgage Notes
          may
          occur only with respect to Mortgage Loans, the aggregate Cut-off Date Principal
          Balance of which is less than or equal to 1.00% of the Pool Balance as
          of the
          Cut-off Date;

         

        (ii)  the
          original Mortgage with evidence of recording thereon (or the Electronic
          Recording thereof), and the original recorded power of attorney, if the
          Mortgage
          was executed pursuant to a power of attorney, with evidence of recording
          thereon
          or, if such Mortgage or power of attorney has been submitted for recording
          but
          has not been returned from the applicable public recording office, has
          been lost
          or is not otherwise available, a copy of such Mortgage or power of attorney,
          as
          the case may be, certified to be a true and complete copy of the original
          submitted for recording;

         

        (iii)  an
          original Assignment, in form and substance acceptable for recording (or
          the
          Electronic Recording thereof) except with respect to MERS Designated Mortgage
          Loans. The Mortgage shall be assigned either (A) in blank or (B) to “Deutsche
          Bank National Trust Company, as Trustee, without recourse”;

         

        (iv)  an
          original copy of any intervening assignments of Mortgage (or the Electronic
          Recording thereof) if any, evidencing a complete chain of assignments from
          the
          Servicer to the Last Endorsee (or, in the case of a MERS Designated Mortgage
          Loan, MERS) with evidence of recording thereon; 

         

        (v)  the
          original or a certified copy of lender’s title insurance policy;
          and

         

        (vi)  the
          original or copies of each assumption, modification, written assurance
          or
          substitution agreement (or the Electronic Recording thereof), if
          any.

         

        If
          any of
          the documents referred to in Section 2(ii), (iii) or (iv) above has as
          of the
          Closing Date been submitted for recording but either (x) has not been returned
          from the applicable public recording office or (y) has been lost or such
          public
          recording office has retained the original of such document, the obligations
          of
          the Depositor to deliver such documents shall be deemed to be satisfied
          upon (1)
          delivery to the Custodian no later than the Closing Date, of a copy of
          each such
          document certified by the Originator in the case of (x) above or the applicable
          public recording office in the case of (y) above to be a true and complete
          copy
          of the original that was submitted for recording and (2) if such copy is
          certified by the Originator, delivery to the Custodian, promptly upon receipt
          thereof of either the original or a copy of such document certified by
          the
          applicable public recording office to be a true and complete copy of the
          original. If the original lender’s title insurance policy, or a certified copy
          thereof, was not delivered pursuant to Section 2(v) above, the Depositor
          shall
          deliver or cause to be delivered to the Custodian, the original or a copy
          of a
          written commitment or interim binder or preliminary report of title issued
          by
          the title insurance or escrow company, with the original or a certified
          copy
          thereof to be delivered to the Custodian, promptly upon receipt thereof.
          The
          Servicer or the Depositor shall deliver or cause to be delivered to the
          Custodian promptly upon receipt thereof any other documents constituting
          a part
          of a Mortgage File received with respect to any Mortgage Loan, including,
          but
          not limited to, any original documents evidencing an assumption or modification
          of any Mortgage Loan.

         

        Upon
          discovery or receipt of notice of any materially defective document in,
          or that
          a document is missing from, a Mortgage File, the Custodian shall notify
          the
          Servicer and the Servicer shall enforce the obligations of the Seller under
          the
          Mortgage Loan Purchase Agreement to cure such defect or deliver such missing
          document to the Trustee or the Custodian within 120 days. If the Seller
          does not
          cure such defect or deliver such missing document within such time period,
          the
          Servicer shall enforce the obligations of the Seller to either repurchase
          or
          substitute for such Mortgage Loan in accordance with Section 2.03 of the
          Pooling
          and Servicing Agreement. For purposes of this Section, “defect” shall mean a
          failure of a document to correspond to the information set forth in the
          applicable Mortgage Loan Schedule or the absence in a Mortgage File of
          any
          document required pursuant to this Agreement. In connection with the foregoing,
          it is understood that the Custodian shall have no duty to discover any
          such
          defects except in the course of performing its review of the Mortgage Files
          to
          the extent set forth herein.

         

        The
          Servicer shall forward to the Custodian original documents evidencing an
          assumption, modification, consolidation or extension of any Mortgage Loan
          entered into in accordance with this Agreement within two weeks of their
          execution; provided, however, that the Servicer shall provide the Custodian
          with
          a certified true copy of any such document submitted for recordation within
          two
          weeks of its execution, and shall provide the original of any document
          submitted
          for recordation or a copy of such document certified by the appropriate
          public
          recording office to be a true and complete copy of the original within
          365 days
          of its submission for recordation. In the event that the Servicer cannot
          provide
          a copy of such document certified by the public recording office within
          such 365
          day period, the Servicer shall deliver to the Custodian, within such 365
          day
          period, an Officers’ Certificate of the Servicer which shall (A) identify the
          recorded document, (B) state that the recorded document has not been delivered
          to the Custodian due solely to a delay caused by the public recording office,
          (C) state the amount of time generally required by the applicable recording
          office to record and return a document submitted for recordation, if known
          and
          (D) specify the date the applicable recorded document is expected to be
          delivered to the Custodian, and, upon receipt of a copy of such document
          certified by the public recording office, the Servicer shall immediately
          deliver
          such document to the Custodian. In the event the appropriate public recording
          office will not certify as to the accuracy of such document, the Servicer
          shall
          deliver a copy of such document certified by an officer of the Servicer
          to be a
          true and complete copy of the original to the Custodian.

         

        The
          Custodian hereby agrees to its duties under Section 2.03 of the Pooling
          and
          Servicing Agreement with respect to Qualified Substitute Mortgage
          Loans.

         

        3.  Custodian’s
          Receipt, Examination and Certification of Mortgage Files; Initial Trust
          Receipt
          Delivered by the Custodian.

         

        The
          Custodian agrees, for the benefit of the Certificateholders, to review
          each
          Custodial File within 45 days of the Closing Date and to certify in
          substantially the form attached hereto as Exhibit 1 (the “Trust Receipt and
          Initial Certification”) that, as to each Mortgage Loan listed in the Mortgage
          Loan Schedule (other than any Mortgage Loan paid in full or any Mortgage
          Loan
          specifically identified in the exception report annexed thereto as not
          being
          covered by such certification), (i) all documents required to be delivered
          to it
          pursuant to Section 2.01 of this Agreement are in its possession, (ii)
          such
          documents have been reviewed by it and have not been mutilated, damaged
          or torn
          and appear on their face to relate to such Mortgage Loan and (iii) based
          on its
          examination and only as to the foregoing, the information set forth in
          the
          Mortgage Loan Schedule that corresponds to items (1) and (3) of the definition
          of “Mortgage Loan Schedule” in the Pooling and Servicing Agreement accurately
          reflects information set forth in the Custodial File. It is herein acknowledged
          that, in conducting such review, the Custodian was not under any duty or
          obligation (i) to inspect, review or examine any such documents, instruments,
          certificates or other papers to determine whether they are genuine, enforceable,
          or appropriate for the represented purpose or whether they have actually
          been
          recorded or that they are other than what they purport to be on their face
          or
          (ii) to determine whether any Custodial File should include any of the
          documents
          specified in clause (v) of Section 2. 

         

        The
          Custodian agrees to execute and deliver to the Depositor, the Trustee and
          the
          Servicer on or prior to the Closing Date an acknowledgment of receipt of
          the
          related original Mortgage Note for each Initial Mortgage Loan (with any
          exceptions noted), substantially in the form attached as Exhibit 8 (the
“Receipt
          of Mortgage Note”) hereto.

         

        4.  Obligations
          of the Custodian.

         

        With
          respect to the Mortgage Note, the Mortgage and the Assignment and other
          documents constituting each Custodial File which is delivered to the Custodian
          or which come into the possession of the Custodian, the Custodian is the
          custodian for the Trustee exclusively. The Custodian shall hold all mortgage
          documents received by it constituting the Custodial File for the exclusive
          use
          and benefit of the Trustee, and shall make disposition thereof only in
          accordance with this Agreement and the instructions furnished by the Trustee.
          The Custodian shall segregate and maintain continuous custody of all mortgage
          documents constituting the Custodial File in secure and fire-resistant
          facilities in accordance with customary standards for such custody. The
          Custodian shall not be responsible to verify (i) the validity, legality,
          enforceability, sufficiency, due authorization or genuineness
          of any document in each Custodial File or of any of the Mortgage Loans
          or (ii)
          the collectability, insurability, effectiveness or suitability of any Mortgage
          Loan.
          The
          Custodian shall not execute any
          endorsements on the Mortgage Notes and Assignments of Mortgages without
          the
          prior written consent of the Trustee,
          except as otherwise set forth in Section 2 of this Agreement or as otherwise
          agreed to between the Trustee and the Custodian.

         

        5.  Final
          Trust Receipt.

         

        Within
          one (1) year
          after
          the Closing Date, the Custodian shall review each Custodial File, and shall
          deliver to the Trustee (with a copy to the Depositor and the Servicer),
          a Final
          Trust Receipt attached hereto as Exhibit 2 to the effect that, as to each
          Mortgage Loan listed on the Mortgage Loan Schedule (other than any Mortgage
          Loan
          (i) paid in full,
          or
          (ii)
          specifically identified on such Final Trust Receipt as not covered by such
          Final
          Trust Receipt): (i) all documents required to be delivered to it pursuant
          to
          paragraphs (i), (ii), (iii), (iv) and (vi) and to the extent provided in
          the
          Custodial Files paragraph (v) of Section 2 of this Agreement are in its
          possession; (ii) such documents have been reviewed by it and appear regular
          on
          their face and relate to such Mortgage Loan; (iii) based on its examination
          and
          only as to the foregoing documents,
          the
          information set forth in items (1) and (3) of the definition of “Mortgage Loan
          Schedule” in the Pooling and Servicing Agreement accurately reflects information
          set forth in the Custodial File; and (iv) each Mortgage Note has been endorsed
          as provided in Section 2 of this Agreement and each Mortgage has been assigned
          in accordance with Section 2 of this Agreement.

         

        6.  Future
          Defects.

         

        During
          the term of this Agreement, if the Custodian discovers any defect with
          respect
          to the Custodial File, the Custodian shall give written specification of
          such
          defect to the Servicer and the Trustee. For purposes of this Section, “defect”
shall mean a failure of a document to correspond to the information set
          forth in
          the applicable Mortgage Loan Schedule or the absence in a Mortgage File
          of any
          document required pursuant to this Agreement. 

         

        7.  Release
          for Servicing.

         

         

        From
          time
          to time and as appropriate for the foreclosure or servicing of any of the
          Mortgage Loans, the Custodian shall, upon receipt of two copies (or
          electronic receipt
          from the Servicer in a form acceptable to the Custodian) of a Request for
          Release of Documents and receipt in the form annexed hereto as Exhibit
          3,
          release
          to the Servicer, the related Custodial File or its designee within three
          Business Days, which, shall be sent by overnight mail, at the expense of
          the
          Servicer or the related Mortgagor, and the Custodian shall, at the written
          direction of the Servicer, execute such documents provided to it by the
          Servicer
          as shall be necessary to the prosecution of any such proceedings. The Servicer
          shall return to the Custodian the Custodial File when the Servicer’s need
          therefor in connection with such foreclosure or servicing no longer exists,
          unless the Mortgage Loan shall be liquidated in which case, upon receipt
          of an
          additional Request for Release of Documents and receipt certifying such
          liquidation in the form annexed hereto as Exhibit
          3,
          the
          request and receipt submitted pursuant to the first sentence of this Section
          7
          shall be released by the Custodian to the Servicer.

         

        8.  Release
          for Payment.

         

        Upon
          receipt by the Custodian of two copies (or electronic receipt from the
          Servicer
          in a form acceptable to the Custodian) of the Servicer’s Request for Release of
          Documents and receipt in the form annexed hereto as Exhibit
          3
          (which
          certification shall include a statement to the effect that all amounts
          received
          in connection with such payment, repurchase or liquidation have been credited
          to
          the related custodial account), the Custodian shall promptly release the
          related
          Custodial File to the Servicer.

         

        9.  Fees
          and
          Expenses of Custodian.

         

        In
          accordance with the terms of the Pooling and Servicing Agreement, the
          Custodian’s fees in connection herewith shall be paid by the Trustee out of a
          portion of the Trustee Fee payable to the Trustee, as set forth in the
          Pooling
          and Servicing Agreement. By each Determination Date, the Custodian shall
          notify
          the Trustee of the amount of fees and expenses owed to the Custodian with
          respect to the related Distribution Date. Unless otherwise provided herein,
          the
          payment of the Custodian’s expenses in connection herewith, shall be the
          obligation of the Trustee, which such obligation surviving the termination
          of
          this Agreement or the resignation or removal of the Custodian.

         

        10.  Removal
          of Custodian.

         

        The
          Trustee, with or without cause, may upon at least 60
          days’
notice remove and discharge the Custodian from the performance of its duties
          under this Agreement by written notice from the Trustee
          to the
          Custodian, with a copy to the Servicer. Having given notice of such removal,
          the
          Trustee promptly shall appoint (at the direction of the Depositor and with
          the
          consent of the Servicer) a successor Custodian to act on behalf of the
          Trustee
          by written instrument, one original counterpart of which instrument shall
          be
          retained by the Trustee, with a copy to the Servicer, and an original to
          the
          successor Custodian. In the event of any such removal, the Custodian shall,
          upon
          the Trustee’s surrender of the Trust Receipt and Initial Certifications and
          Final Trust Receipt, as applicable, promptly transfer to the successor
          Custodian, as directed, all Custodial Files being administered under this
          Agreement (at the expense of the Trust Fund). In
          the
          event of any such removal and appointment the Trust Fund shall be responsible
          for the fees and expenses of the existing and successor Custodian.

         

        11.  Transfer
          of Custodial Files.

         

        Upon
          the
          Custodian’s receipt of two (2) Business Days’ written or
          electronic notification
          from the Trustee, the Custodian shall release to such persons as the
Trustee
          shall
          designate all or a portion of the Custodial Files relating to the Mortgage
          Loans
          subject to the Trust Receipt and Initial Certification or Final Trust
          Receipt,
          as
          applicable.
          

         

        12.  Examination
          of Custodial Files.

         

        Upon
          reasonable prior written notice to the Custodian but not less than two
          (2)
          Business Days notice, the Trustee and its agents, accountants, attorneys
          and
          auditors will be permitted during normal business hours to examine the
          Custodial
          Files, documents, records and other papers in the possession of or under
          the
          control of the Custodian relating to any or all of the Mortgage Loans at
          the
          expense of the Trustee.

         

        13.  Insurance
          of Custodian.

         

        At
          its
          own expense, the Custodian shall maintain at all times during the existence
          of
          this Agreement and keep in full force and effect such insurance in amounts,
          with
          standard coverage and subject to deductibles, all as is customary for insurance
          typically maintained by banks which act as Custodian. The minimum coverage
          under
          any such bond and insurance policies shall be at least equal to the
          corresponding amounts required by Fannie Mae in the Fannie Mae Servicing
          Guide
          or by Freddie Mac in the Freddie Mac Sellers’ & Servicers’ Guide. Upon
          request, the Trustee shall be entitled to receive evidence satisfactory
          to the
          Trustee that such insurance is in full force and effect.

         

        14.  Counterparts.

         

        For
          the
          purpose of facilitating the execution of this Agreement as herein provided
          and
          for other purposes, this Agreement may be executed simultaneously in any
          number
          of counterparts, each of which counterparts shall be deemed to be an original,
          and such counterparts shall constitute and be one and the same
          instrument.

         

        15.  Periodic
          Statements.

         

        Upon
          the
          written request of the Trustee, the Custodian shall provide to the Trustee
          a
          list of all the Mortgage Loans for which the Custodian holds a Custodial
          File
          pursuant to this Agreement. Such list may be in the form of a copy of the
          Mortgage Loan Schedule with manual deletions to specifically denote any
          Mortgage
          Loans paid off, repurchased or sold since the date of this
          Agreement.

         

        16.  GOVERNING
          LAW.

         

        THIS
          AGREEMENT SHALL BE CONSTRUED IN ACCORDANCE WITH THE LAWS OF THE STATE OF
          NEW
          YORK AND THE OBLIGATIONS, RIGHTS, AND REMEDIES OF THE PARTIES HEREUNDER
          SHALL BE
          DETERMINED IN ACCORDANCE WITH SUCH LAWS.

         

        17.  Copies
          of Mortgage Documents.

         

        Upon
          the
          written request of the Trustee
          and at
          the cost and expense of the Custodian, the Custodian shall provide the
          Trustee
          with
          copies of the Mortgage Notes, Mortgages, Assignments and other documents
          relating to one or more of the Mortgage Loans.

         

        18.  No
          Adverse Interest of Custodian.

         

        By
          execution of this Agreement, the Custodian represents and warrants that
          it
          currently holds, and during the existence of this Agreement shall hold,
          no
          interest adverse to the Trustee, by way of security or otherwise, in any
          Mortgage Loan, and hereby waives and releases any such interest which it
          may
          have in any Mortgage Loan as of the date hereof.

         

        19.  Termination
          by Custodian.

         

        The
          Custodian may terminate its obligations under this Agreement upon at least
          sixty
          (60) days’ prior notice to the Servicer and the Trustee. In the event of such
          termination, the Trustee shall appoint a successor Custodian. The payment
          of
the
          existing Custodian’s or such
          successor Custodian’s fees and expenses shall be solely the responsibility of
          the Trust Fund. Upon such appointment, the Custodian shall promptly transfer
          to
          the successor Custodian, as directed, all Custodial Files being administered
          under this Agreement.

         

        20.  Term
          of Agreement.

         

        Unless
          terminated pursuant to Section 9 or Section 18 hereof, this Agreement shall
          terminate upon the final payment or other liquidation (or advance with
          respect
          thereto) of the last Mortgage Loan or the disposition of all property acquired
          upon foreclosure or deed in lieu of foreclosure of any Mortgage Loan, and
          the
          final remittance of all funds due under the Pooling and Servicing Agreement.
          In
          such event all documents remaining in the Custodial Files shall be released
          in
          accordance with the written instructions of the Trustee.

         

        21.  Notices.

         

        All
          demands, notices and communications hereunder shall be in writing and shall
          be
          deemed to have been duly given when received by the recipient party (i)
          in the
          case of the Custodian, the Trustee and the Servicer, at the address shown
          on the
          first page hereof, (ii) in the case of the Depositor, Financial Asset Securities
          Corp., 600 Steamboat Road, Greenwich, Connecticut 08630, Attention: Legal
          and
          (iii) in the case of the Seller, Greenwich Capital Financial Products,
          Inc., 600
          Steamboat Road, Greenwich, Connecticut 08630, Attention Legal, or in any
          case,
          at such other addresses as may hereafter be furnished to the other party
          by like
          notice. Any such demand, notice or communication hereunder shall be deemed
          to
          have been received on the date delivered to or received at the premises
          of the
          addressee.

         

        22.  Successors
          and Assigns.

         

        This
          Agreement shall inure to the benefit of the successors and assigns of the
          parties hereto; provided however, that the form of any assignment by any
          party
          of its interests hereunder shall be in a form reasonably acceptable to
          the
          Trustee, the Servicer and the Custodian. Such assignment shall be executed
          by an
          authorized representative of the assignor and any assignee shall forward
          a list
          of authorized representatives to each party to this Agreement pursuant
          to
          Section 26 of this Agreement.

         

        23.  Indemnification
          of Custodian.

         

        The
          Custodian and its directors, officers, agents and employees shall be indemnified
          and held harmless by the Trust Fund against liabilities, obligations, losses,
          damages, penalties, actions, judgments, suits, costs, expenses or disbursements,
          including reasonable attorney’s fees, that may be imposed on, incurred by, or
          asserted against it or them directly relating to or arising out of this
          Custodial Agreement or any action taken or not taken by it or them hereunder
          unless such liabilities, obligations, losses, damages, penalties, actions,
          judgments, suits, costs, expenses or disbursements were imposed on, incurred
          by
          or asserted against the Custodian because of the breach by the Custodian
          of its
          obligations hereunder, which breach was caused by negligence, lack of good
          faith
          or willful misconduct on the part of the Custodian or any of its directors,
          officers, agents or employees. The indemnification set forth in this section
          shall survive any termination or
          assignment of
          this
          Custodial Agreement and the termination or removal of the
          Custodian.

         

        The
          Custodian agrees to indemnify and hold the Trust Fund and Trustee, its
          employees, officers and directors harmless against liabilities, obligations,
          losses, damages, penalties, actions, judgments, suits, costs, expenses
          or
          disbursements, including reasonable attorney’s fees, that may be imposed on,
          incurred by, or asserted against them directly relating to or arising out
          of a
          failure to produce a Mortgage Note, Assignment or any other document related
          to
          a Mortgage Loan that was in its possession pursuant to Section 2 within
          two (2)
          Business Days after required or requested by the Trustee, and provided,
          that (i)
          Custodian previously delivered to the Trustee a Trust Receipt and Initial
          Certification with respect to such document (other than any Mortgage Loan
          identified in the exception report annexed thereto as not covered by such
          certification); (ii) such document is not outstanding pursuant to a Request
          for
          Release; and (iii) such document was held by the Custodian on behalf of
          the
          Trustee. In no event shall the Custodian or its directors, officers, agents
          and
          employees be liable for any special, indirect or consequential damages
          from any
          action taken or omitted to be taken by it or them hereunder or in connection
          herewith even if advised of the possibility of such damages. The foregoing
          indemnification shall survive any termination or assignment of this Agreement
          or
          the removal or resignation of the Custodian hereunder. 

         

        24.  Reliance
          of Custodian.

         

        (i)  The
          Custodian may conclusively rely, as to the truth of the statements and
          the
          correctness of the opinions expressed therein, upon any request, instructions,
          certificate, opinion or other document furnished to the Custodian, reasonably
          believed by the Custodian to be genuine and to have been signed or presented
          by
          the proper party or parties and conforming to the requirements of this
          Agreement; but in the case of any loan document or other request, instruction,
          document or certificate which by any provision hereof is specifically required
          to be furnished to the Custodian, the Custodian shall be under a duty to
          examine
          the same to determine, subject to the limitations on the Custodian’s obligations
          set forth herein, whether or not it conforms to the requirements of this
          Agreement.

         

        (ii)  The
          Custodian shall have no duties or responsibilities except those that are
          specifically set forth in this Agreement. The Custodian shall have no
          responsibility nor duty with respect to any Custodial File while such Custodial
          File is not in its possession. If the Custodian requests instructions from
          the
Trustee
          with
          respect to any act, action or failure to act in connection with this Agreement,
          the Custodian shall be entitled to refrain from taking such action and
          continue
          to refrain from acting unless and until the Custodian shall have received
          written instructions from the Trustee
          with
          respect to a Custodial File without incurring any liability therefor to
          the
Trustee
          or any
          other Person.

         

        (iii)  Other
          than as provided herein, neither the Custodian nor any of its directors,
          officers, agents or employees shall be liable for any action or omission
          to act
          hereunder except for its or their own negligence or lack of good faith
          or
          willful misconduct. In no event shall the Custodian or any of its directors,
          officers, agents or employees have any responsibility to ascertain or take
          action except as expressly provided herein.

         

        (iv)  Neither
          the Custodian nor any of its directors, officers, agents or employees shall
          be
          liable for any action taken or not taken by it in good faith in the performance
          of its obligations under this Agreement. The obligations of the Custodian
          or any
          of its directors, officers, agents or employees shall be determined solely
          by
          the express provisions of this Agreement. No representation, warranty,
          covenant,
          agreement, obligation or duty of the Custodian or any of its directors,
          officers, agents or employees shall be implied with respect to this Agreement
          or
          the Custodian’s services hereunder.

         

        (v)  The
          Custodian, its directors, officers, agents and employees shall be under
          no duty
          or obligation to inspect, review or examine the Custodial Files to determine
          that the contents thereof are genuine, enforceable or appropriate for the
          represented purpose or that they have been actually recorded or that they
          are
          other than what they purport to be on their face.

         

        (vi)  The
          Custodian may consult with counsel selected by the Custodian with regard
          to
          legal questions arising out of or in connection with this Agreement, and
          the
          advice or opinion of such counsel shall be full and complete authorization
          and
          protection in respect of any action reasonably taken, omitted or suffered
          by the
          Custodian in good faith and in accordance therewith.

         

        (vii)  No
          provision of this Agreement shall require the Custodian to expend or risk
          its
          own funds or otherwise incur financial liability (other than expenses or
          liabilities otherwise required to be incurred by the express terms of this
          Agreement) in the performance of its duties under this Agreement if it
          shall
          have reasonable grounds for believing that repayment of such funds or adequate
          indemnity is not reasonably assured to it.

         

        (viii)  Any
          corporation into which the Custodian may be merged or converted or with
          which it
          may be consolidated, or any corporation resulting from any merger, conversion
          or
          consolidation to which the Custodian shall be a party, or any corporation
          succeeding to the business of the Custodian shall be the successor of the
          Custodian hereunder without the execution or filing of any paper with any
          party
          hereto or any further act on the part of any of the parties hereto except
          where
          an instrument of transfer or assignment is required by law to effect such
          succession, anything herein to the contrary notwithstanding.

         

        (ix)  The
          Custodian shall not be responsible for delays or failures in performance
          resulting from acts beyond its control.  Such acts shall include, but not
          limited to, acts of God, strikes, lockouts, riots, acts of war or terrorism,
          epidemics, nationalization, expropriation, currency restrictions, governmental
          regulations superimposed after the fact, fire, communication line failures,
          computer viruses, power failures, earthquakes and other disasters.

         

        (x)  The
          Custodian shall not be responsible or liable for, and makes no representation
          or
          warranty with respect to, the validity, adequacy or perfection of any lien
          upon
          or security interest in any Mortgage File.

         

        (xi)  The
          Custodian shall not be responsible for preparing or filing any reports
          or
          returns relating to federal, state or local income taxes with respect to
          this
          Agreement, other than for the Custodian’s compensation or for reimbursement of
          expenses.

         

        (xii)  The
          duties and obligations of the Custodian shall only be such as are expressly
          set
          forth in this Agreement or as set forth in a written amendment to this
          Agreement
          executed by the parties hereto or their successors and assigns.  In the
          event that any provision of this Agreement implies or requires that action
          or
          forbearance be taken by a party, but is silent as to which party has the
          duty to
          act or refrain from acting, the parties agree that the Custodian shall
          not be
          the party required to take the action or refrain from acting.  In no event
          shall the Custodian have any responsibility to ascertain or take actions
          except
          as expressly provided herein.

         

        (xiii)  Nothing
          in this Agreement shall be deemed to impose on the Custodian any duty to
          qualify
          to do business in any jurisdiction, other
          than
          (i) any
          jurisdiction where any Mortgage File is or may be held by the Custodian
          from
          time to time hereunder, and (ii) any jurisdiction where its ownership or
          property or conduct of business requires such qualification and where failure
          to
          qualify could have a material adverse effect on the Custodian or its property
          or
          business or on the ability of the Custodian to perform its duties
          hereunder.

         

        (xiv)  The
          Custodian shall have no duty to ascertain whether or not any cash amount
          or
          payment has been received by the Seller, the Buyer or any third
          person.

         

        25.  Transmission
          of Custodial Files.

         

        Written
          or
          electronic
          instructions as to the method of shipment and shipper(s) the Custodian
          is
          directed to utilize in connection with transmission of mortgage files and
          loan
          documents in the performance of the Custodian’s duties hereunder shall be
          delivered by the Servicer (a “Requesting Party”), to the Custodian prior to any
          shipment of any mortgage files and loan documents hereunder. The Requesting
          Party will arrange for the provision of such services at its sole cost
          and
          expense (or, at the Custodian’s option, reimburse the Custodian for all costs
          and expenses incurred by the Custodian consistent with such instructions)
          and
          will maintain such insurance against loss or damage to mortgage files and
          loan
          documents as the Requesting Party deems appropriate. Without limiting the
          generality of the provisions of Section 23 above, it is expressly agreed
          that in
          no event shall the Custodian have any liability for any losses or damages
          to any
          person, including without limitation, any Requesting Party, arising out
          of
          actions of the Custodian consistent with instructions of the Requesting
          Party.

         

        26.  Authorized
          Representatives.

         

        Each
          individual designated as an authorized representative of the Servicer,
          the
          Trustee and the Custodian, respectively (an “Authorized
          Representative”),
          is
          authorized to give and receive notices, requests and instructions and to
          deliver
          certificates and documents in connection with this Agreement on behalf
          of the
          Servicer, the Trustee or the Custodian, as the case may be, and the specimen
          signature for each such Authorized Representative of the Servicer, the
          Trustee
          and the Custodian, initially authorized hereunder, as set forth on Exhibit
          4,
          Exhibit
          5
          and
Exhibit
          6
          hereof,
          respectively. From time to time the parties hereto may, by delivering to
          each
          other a revised exhibit, change the information previously given pursuant
          to
          this Section 25, but each of the parties hereto shall be entitled to rely
          conclusively on the then current exhibit until receipt of a superseding
          exhibit.

         

        27.  Reproduction
          of Documents.

         

        This
          Custodial Agreement and all documents relating thereto except with respect
          to
          the Custodial File, including, without limitation, (a) consents, waivers
          and
          modifications which may hereafter be executed, and (b) certificates and
          other
          information previously or hereafter furnished, may be reproduced by any
          photographic, photostatic, microfilm, microcard, miniature photographic
          or other
          similar process. The parties agree that any such reproduction shall be
          admissible in evidence as the original itself in any judicial or administrative
          proceeding, whether or not the original is in existence and whether or
          not such
          reproduction was made by a party in the regular course of business, and
          that any
          enlargement, facsimile or further reproduction of such reproduction shall
          likewise be admissible in evidence.

         

        28.  Amendment.

         

        This
          Custodial Agreement may be amended from time to time by written agreement
          signed
          by the Servicer, the Trustee and the Custodian.

         

        29.  Compliance
          with Regulation AB.

         

        (a) Intent
          of the Parties; Reasonableness.
          The
          Custodian acknowledges and agrees that the purpose of this Section 29 is
          to
          facilitate compliance by the Depositor with the provisions of Regulation
          AB and
          related rules and regulations of the Securities and Exchange Commission
          (the
“Commission”). The Depositor shall not exercise its right to request delivery of
          information or other performance under these provisions other than in good
          faith, or for purposes other than compliance with the Securities Act of
          1933
          (the “1933 Act”), the Securities and Exchange Act of 1934, as amended (the
“Exchange Act”) and the rules and regulations of the Commission under the 1933
          Act and the Exchange Act. The Custodian acknowledges that interpretations
          of the
          requirements of Regulation AB may change over time, due to interpretive
          guidance
          provided by the Commission or its staff and agrees to comply with requests
          made
          by the Depositor in good faith for delivery of information under these
          provisions on the basis of evolving interpretations of Regulation AB. The
          Custodian shall cooperate reasonably with the Depositor to deliver to the
          Depositor (including any of its assignees or designees), any and all disclosure,
          statements, reports, certifications, records and any other information
          necessary
          in the reasonable, good faith determination of the Depositor to permit
          the
          Depositor to comply with the provisions of Regulation AB.

         

        (b) Additional
          Representations and Warranties of the Custodian.

         

        (i) The
          Custodian hereby represents and warrants that the information set forth
          in the
          Prospectus Supplement under the caption “Pooling and Servicing Agreement—The
          Custodian” (the “Custodian Disclosure”) does not contain any untrue statement of
          a material fact or omit to state a material fact required to be stated
          therein
          or necessary in order to make the statements therein, in the light of the
          circumstances under which they were made, not misleading.

         

        (ii) The
          Custodian shall be deemed to represent to the Depositor as of the date
          hereof
          and on each date on which information is provided to the Depositor under
          Section
          29(c) that, except as disclosed in writing to the Depositor prior to such
          date:
          (i) there are no aspects of its financial condition that could have a material
          adverse effect on the performance by it of its Custodian obligations under
          this
          Custodial Agreement or any other securitization transaction as to which
          it is
          the custodian; (ii) there are no material legal or governmental proceedings
          pending (or known to be contemplated) against it; and (iii) there are no
          affiliations relating to the Custodian with respect to the Depositor or
          any of
          the following and their affiliates: First Franklin Mortgage Loan Trust
          2006-FF16
(“Issuing
          Entity”), Greenwich Capital Financial Products, Inc. (“Sponsor”), the Depositor,
          the Servicer, the Trustee, Lehman
          Brothers Special Financing Inc.
          (“Swap
          Provider”) or any successor thereto or other material party as identified in
          writing to the Custodian by the Sponsor (each a “Transaction Party”) on any date
          following the date hereof,
          any
          relationships or transaction any relationships or transactions relating
          to the
          Custodian and any Transaction Party of a type described in Item 1119(b)
          of
          Regulation AB or any specific relationships involving the transaction
          contemplated by the Pooling and servicing Agreement or the Mortgage Loans
          between the Custodian and any Transaction Party.

         

        (iii) If
          so
          requested by the Depositor on any date following the Closing Date, the
          Custodian
          shall, within five Business Days following such request, confirm in writing
          the
          accuracy of the representations and warranties set forth in paragraph (ii)
          of
          this Section 29(b) or, if any such representation and warranty is not accurate
          as of the date of such confirmation, provide reasonably adequate disclosure
          of
          the pertinent facts, in writing, to the requesting party. Any such request
          from
          the Depositor shall not be given more than once each calendar quarter,
          unless
          the Depositor shall have a reasonable basis for a determination that any
          of the
          representations and warranties may not be accurate.

         

        (iv) The
          Custodian has not and shall not engage any subcontractor which is “participating
          in the servicing function” within the meaning of Item 1122 of Regulation AB,
          unless such subcontractor provides, beginning March 1, 2007, a report and
          a
          statement of a registered public accounting firm certifying its compliance
          with
          the applicable servicing criteria in Item 1122(d) of Regulation AB.

         

        (c) Additional
          Information to Be Provided by the Custodian.
          For so
          long as the Certificates are outstanding, for the purpose of satisfying
          the
          Depositor’s reporting obligation under the Exchange Act with respect to any
          class of Certificates, the Custodian shall (a) notify the Depositor and
          the
          Trustee in writing of any material litigation or governmental proceedings
          pending against the Custodian that would be material to Certificateholders,
          and
          (b) provide to the Depositor and the Trustee a written description of such
          proceedings. Any notices and descriptions required under this Section 29(c)
          shall be given no later than five Business Days prior to the Determination
          Date
          following the month in which the Custodian has knowledge of the occurrence
          of
          the relevant event. As of the date the Depositor or Trustee files each
          Report on
          Form 10-D or Form 10-K with respect to the Certificates, the Custodian
          will be
          deemed to represent that any information previously provided under this
          Section
          29(c), if any, is materially correct and does not have any material omissions
          unless the Custodian has provided an update to such information.

         

        (d) Report
          on Assessment of Compliance and Attestation.
          On or
          before March 15th of each calendar year, beginning in 2007 until and unless
          a
          Form 15 suspension notification has been filed with respect to the Trust,
          the
          Custodian shall, at its own expense:

         

        (i) deliver
          to the Trustee a report (in form and substance reasonably satisfactory
          to the
          Trustee) regarding the Custodian’s assessment of compliance with the Servicing
          Criteria (set forth in Exhibit 9) applicable to it during the immediately
          preceding calendar year, as required under Rules 13a-18 and 15d-18 of the
          Exchange Act and Item 1122 of Regulation AB. Each such report shall include
          (a)
          a statement of the Custodian’s responsibility for assessing compliance with the
          Servicing Criteria applicable to it, (b) a statement that the Custodian
          used the
          criteria applicable to it identified in Item 1122(d) of Regulation AB
          (§229.1122(d)) to assess compliance with the applicable Servicing Criteria,
          (c)
          disclosure of any material instance of noncompliance identified by the
          Custodian, and (d) a statement that a registered public accounting firm
          has
          issued an attestation report on the Custodian’s assessment of compliance with
          the applicable Servicing Criteria, which report shall be delivered by the
          Custodian as provided in this Section 29(d). Such report shall be addressed
          to
          the Depositor and signed by an authorized officer of the Custodian, and
          shall
          address each of the applicable Servicing Criteria; and

         

        (ii) deliver
          to the Trustee a report of a registered public accounting firm (who may
          also
          render other services to Custodian), which is a member of the American
          Institute
          of Certified Public Accountants, that attests to, and reports on, the assessment
          of compliance made by the Custodian and delivered pursuant to the preceding
          paragraph. Such attestation shall be in accordance with Rules 1-02(a)(3)
          and
          2-02(g) of Regulation S-X under the 1933 Act and the Exchange Act.

         

        (iii) The
          Custodian has not and shall not engage any subcontractor which is “participating
          in the servicing function” within the meaning of Item 1122 of Regulation AB
          unless such Subcontractor provides, beginning March 1, 2007 a Report on
          Assessment of Compliance and an Attestation from a registered public accounting
          firm certifying its compliance with the applicable Servicing
          Criteria.

         

        (e) Indemnification;
          Remedies.

         

        The
          Custodian shall indemnify the Depositor, each affiliate of the Depositor
          and
          each broker dealer acting as underwriter, placement agent or initial purchaser
          of the Certificates or each Person who controls any of such parties (within
          the
          meaning of Section 15 of the Securities Act and Section 20 of the Exchange
          Act);
          and the respective present and former directors, officers, employees and
          agents
          of each of the foregoing, and shall hold each of them harmless from and
          against
          any losses, damages, penalties, fines, forfeitures, legal fees and expenses
          and
          related costs, judgments, and any other costs, fees and expenses that any
          of
          them may sustain arising out of or based upon (i) any untrue statement
          of a
          material fact contained or alleged to be contained in the Custodian Disclosure
          and any information, report, certification, accountants’ attestation or other
          material provided under this Section 29 by or on behalf of the Custodian
          (collectively, the “Custodian Information”), or the omission or alleged omission
          to state in the Custodian Information a material fact required to be stated
          in
          the Custodian Information or necessary in order to make the statements
          therein,
          in the light of the circumstances under which they were made, not misleading;
          or
          (ii) any failure by the Custodian to deliver any information, report,
          certification, accountants’ attestation or other material when and as required
          under this Section 29. This indemnification shall survive the termination
          of
          this Custodial Agreement or the termination, resignation or removal of
          the
          Custodian.

         

        In
          the
          case of any failure of performance described in clause (ii) of the immediately
          preceding paragraph, the Custodian shall promptly reimburse the Depositor
          for
          all costs reasonably incurred by the Depositor in order to obtain the
          information, report, certification, accountants’ letter or other material not
          delivered as required by the Custodian.

         

        30.  Limitation
          of Liability.

         

        It
          is
          expressly understood and agreed by the parties hereto that (a) this Custodial
          Agreement is executed and delivered by Deutsche Bank National Trust Company,
          not
          individually or personally but solely as the Trustee for First Franklin
          Mortgage
          Loan Trust 2006-FF16, in the exercise of the powers and authority conferred
          and
          vested in it, (b) the representations, undertakings and agreements herein
          made
          on the part of the First Franklin Mortgage Loan Trust 2006-FF16 are made
          and
          intended not as personal representations, undertakings and agreements by
          Deutsche Bank National Trust Company but are made and intended for the
          purpose
          of binding only the First Franklin Mortgage Loan Trust 2006-FF16, (c) nothing
          herein contained shall be construed as creating any liability on Deutsche
          Bank
          National Trust Company, individually or personally, to perform any covenant
          either expressed or implied contained herein, all such liability, if any,
          being
          expressly waived by the parties who are signatories to this Custodial Agreement
          and by any person claiming by, through or under such parties and (d) under
          no
          circumstances shall Deutsche Bank National Trust Company be personally
          liable
          for the payment of any indebtedness or expenses of the First Franklin Mortgage
          Loan Trust 2006-FF16 or be liable for the breach or failure of any obligation,
          representation, warranty or covenant made or undertaken by the First Franklin
          Mortgage Loan Trust 2006-FF16 under this Custodial Agreement.

         

         

         

        
          
            
            

          

          
            
            

            
              

            

          

          
            
            

            
            

          

        

         

        IN
          WITNESS WHEREOF, the Trustee, the Custodian and the Servicer have caused
          their
          names to be duly signed hereto by their respective officers thereunto duly
          authorized, all as of the date first above written.

         

        
          	
                  DEUTSCHE
                    BANK NATIONAL TRUST COMPANY,

                  as
                    Trustee for the First Franklin Mortgage Loan Trust 2006-FF16,
                    Asset-Backed
                    Certificates, Series 2006-FF16 

                
	 	 
	
                  By:

                	 
	
                  Name:

                	 
	
                  Title:

                	 
	 
	 	 
	
                  By:

                	 
	
                  Name:

                	 
	
                  Title:

                	 
	 
	 
	
                  WELLS
                    FARGO
                    BANK, N.A.,

                  as
                    Custodian

                
	 	 
	
                  By:

                	 
	
                  Name:

                	 
	
                  Title:

                	 
	 
	 
	
                  NATIONAL
                    CITY HOME LOAN SERVICES, INC., 

                  as
                    Servicer

                
	 	 
	
                  By:

                	 
	
                  Name:

                	 
	
                  Title:

                	 

        

        

        

        

         

        
          
            
            

          

          
            
            

            
              

            

          

          
            
            

            
            

          

        

         

        EXHIBIT
          1

         

        FORM
          OF
          TRUST RECEIPT AND INITIAL CERTIFICATION

         

         

        _____,
          2006

         

         

        Trust
          Receipt #: ___ 

         

         

        Original
          Principal Balance of the Mortgage Loans:$_______

        

        
          	
                  Deutsche
                    Bank National Trust Company

                  1761
                    East St. Andrew Place

                  Santa
                    Ana, California 92705-4934

                  Attention:
                    Trust Administration GC05O3

                	
                  Financial
                    Asset Securities Corp.

                  600
                    Steamboat Road

                  Greenwich,
                    Connecticut 08630

                
	 	 
	
                  Greenwich
                    Capital Markets, Inc.

                  600
                    Steamboat Road

                  Greenwich,
                    Connecticut 08630

                	 
	 	 

        

        
        

         

        
          	
                  Re:

                	
                  Custodial
                    Agreement, dated as of November 1, 2006, among Deutsche Bank
                    National
                    Trust Company as the Trustee, National City Home Loan Services,
                    Inc. as
                    Servicer and Wells
                    Fargo Bank, N.A.
                    as
                    the Custodian

                

        

        Ladies
          and Gentlemen:

         

        In
          accordance with the provisions of Section 3 of the above-referenced Custodial
          Agreement, the undersigned, as the Custodian, hereby certifies that it
          is
          holding the Mortgage Loans identified on the schedule attached hereto for
          the
          exclusive benefit of the Trustee pursuant to the terms and conditions of
          the
          Custodial Agreement, and it has received a Custodial File with respect
          to each
          such Mortgage Loan (other than any Mortgage Loan specifically identified
          on the
          exception report attached hereto) and that with respect to each such Mortgage
          Loan: (i) all documents required to be delivered to it pursuant to Section
          2
          (i), (ii), (iii), (iv) and (v) of this Agreement are in its possession,
          (ii)
          such documents have been reviewed by it and have not been mutilated, damaged
          or
          torn and appear on their face to relate to such Mortgage Loan and (iii)
          based on
          its examination and only as to the foregoing, the information set forth
          in the
          Mortgage Loan Schedule that corresponds to items (1) and (3) of the definition
          of “Mortgage Loan Schedule” in the Pooling and Servicing Agreement accurately
          reflects information set forth in the Custodial File.

         

        The
          Custodian hereby confirms that it is holding each such Custodial File as
          agent
          and bailee of and custodian for the exclusive use and benefit of the Trustee
          pursuant to the terms of the Custodial Agreement.

         

        
          
            
            

          

          
            
            

            
              

            

          

          
            
            

          

        

         

        Capitalized
          terms used herein shall have the meaning ascribed to them in the Custodial
          Agreement. 

         

         

        

         

        
          	
                  WELLS
                    FARGO
                    BANK, N.A. 

                  (Custodian)

                
	 	 
	
                  By:

                	 
	
                  Name:

                	 
	
                  Title:

                	 

        

         

        

         

        

        
          
            
            

          

          
            
            

            
              

            

          

          
            
            

            
            

          

        

         

        EXHIBIT
          2

         

        FORM
          OF
          FINAL TRUST RECEIPT 

         

        

        TRUST
          RECEIPT # ___

         

        ______,
          2006

         

        Aggregate
          Amount of Mortgage Loans: _____

         

        Original
          Principal Balance of Aggregate Mortgage Loans: __________

        

        
          	
                  Deutsche
                    Bank National Trust Company

                  1761
                    East St. Andrew Place

                  Santa
                    Ana, California 92705-4934

                  Attention:
                    Trust Administration [__]

                	
                  Financial
                    Asset Securities Corp.

                  600
                    Steamboat Road

                  Greenwich,
                    Connecticut 08630

                
	 	 
	
                  Greenwich
                    Capital Markets, Inc.

                  600
                    Steamboat Road

                  Greenwich,
                    Connecticut 08630

                	 

        

        
        

         

        
          	
                  Re:

                	
                  Custodial
                    Agreement, dated as of November 1, 2006, among Deutsche Bank
                    National
                    Trust Company as the Trustee, National City Home Loan Services,
                    Inc. as
                    Servicer and Wells
                    Fargo Bank, N.A.
                    as
                    the Custodian

                

        

         

        Ladies
          and Gentlemen:

         

        In
          accordance with the provisions of Section 4 of the above-referenced Custodial
          Agreement, the undersigned, as the Custodian, hereby certifies that as
          to each
          Mortgage Loan listed on the Mortgage Loan Schedule (other than any Mortgage
          Loan
          paid in full or any Mortgage Loan listed on the attachment hereto) it has
          reviewed the Custodial Files and has determined that (i) all documents
          required
          to be delivered to it pursuant to Sections 2(i), (ii), (iii), (iv) and
          (v) of
          the Custodial Agreement are in its possession and to the extent provided
          in the
          Custodial Files paragraph (v) of Section 2 of the Custodial Agreement are
          in its
          possession; (ii) such documents have been reviewed by it and appear regular
          on
          their face and relate to such Mortgage Loan; (iii) based on its examination
          and
          only as to the foregoing documents, the information set forth in items
          (1) and
          (3) of the definition of “Mortgage Loan Schedule” in the Pooling and Servicing
          Agreement accurately reflects information set forth in the Custodial File;
          and
          (iv) each Mortgage Note has been endorsed as provided in Section 2 of the
          Custodial Agreement and each Mortgage has been assigned in accordance with
          Section 2 of the Custodial Agreement. The Custodian makes no representations
          as
          to (i) the validity, legality, enforceability, sufficiency, due authorization
          or
          genuineness of any of the documents contained in each Custodial File or
          of any
          of the Mortgage Loans or (ii) the collectability, insurability, effectiveness
          or
          suitability of any such Mortgage Loan.

         

        The
          Custodian hereby confirms that it is holding each such Custodial File as
          agent
          and bailee of, and custodian for the exclusive use and benefit, and subject
          to
          the sole direction, of the Trustee pursuant to the terms and conditions
          of the
          Custodial Agreement.

         

        
          
            
            

          

          
            
            

            
              

            

          

          
            
            

          

        

         

        Capitalized
          terms used herein shall have the meaning ascribed to them in the Custodial
          Agreement.

         

        
          	
                  WELLS
                    FARGO
                    BANK, N.A. 

                  (Custodian)

                
	 	 
	
                  By:

                	 
	
                  Name:

                	 
	
                  Title:

                	 

        

        

         

        

         

        
          
            
            

          

          
            
            

            
              

            

          

          
            
            

            
            

          

        

        EXHIBIT
          3

         

        REQUEST
          FOR RELEASE OF DOCUMENTS

         

        

        To:         
          Wells
          Fargo Bank, N.A.

        24
          Executive Park, Suite 100

        Irvine,
          CA 92614

        Attn:  Inventory
          Control

        

        
          	
                  Re:

                	
                  Custodial
                    Agreement, dated as of November 1, 2006, among Deutsche Bank
                    National
                    Trust Company as the Trustee, National City Home Loan Services,
                    Inc. as Servicer and Wells
                    Fargo Bank, N.A.
                    as
                    the Custodian

                

        

         

        In
          connection with the administration of the Mortgage Loans included in the
          Trust
          Fund established pursuant to the Pooling and Servicing Agreement dated
          as of
          November 1, 2006, among Financial Asset Securities Corp. as Depositor,
          National
          City Home Loan Mortgages, Inc., as Servicer, and Deutsche Bank National
          Trust
          Company, a national banking association, as Trustee and held by you as
          Custodian
          pursuant to the above-captioned Custodial Agreement, we request the release,
          and
          hereby acknowledge receipt of the Custodial File for the Mortgage Loan
          described
          below, for the reason indicated.

         

        Mortgage
          Loan Number:

        

        Mortgagor
          Name, Address & Zip Code:

        

        

        Reason
          for Requesting Documents
          (check
          one):

        

        
          	
                  _______

                	
                  1.

                	
                  Mortgage
                    Paid in Full

                
	 	 	 
	
                  _______

                	
                  2.

                	
                  Foreclosure

                
	 	 	 
	
                  _______

                	
                  3.
                    

                	
                  Substitution

                
	 	 	 
	
                  _______

                	
                  4.

                	
                  Other
                    Liquidation (Repurchases, etc.)

                
	 	 	 
	
                  _______

                	
                  5.

                	
                  Nonliquidation
                      Reason:___________________________

                

        

        

        Address
          to which Custodian should

        Deliver
          the Custodial File:  

        
          	 
	 
	 

        

        

        
          
            
            

          

          
            
            

            
              

            

          

          
            
            

          

        

        

        

        
          	
                  By:

                	 
	 	
                  (authorized
                    signer)

                
	
                  Issuer:

                	 
	
                  Address:

                	 
	
                  Date:

                	 

        

        

        Custodian

        

        Wells
          Fargo Bank, N.A.

         

        Please
          acknowledge the execution of the above request by your signature and date
          below:

        
          	 	 	 
	
                  Signature

                	 	 	
                  Date

                	 
	 	 	 	 	 
	
                  Documents
                    returned to Custodian:

                	 	 	 
	 	 	 	 	 
	
                  Custodian:

                	 	 	
                  Date:

                	 

        

        

        

         

        

         

        
          
            
            

          

          
            
            

            
              

            

          

          
            
            

            
            

          

        

         

        EXHIBIT
          4

         

        AUTHORIZED
          REPRESENTATIVES OF SERVICER

         

        
          	
                  NAME

                	 	
                  SPECIMEN
                    SIGNATURE

                
	 	 	 
	 	 	 
	 	 	 
	 	 	 
	 	 	 
	 	 	 
	 	 	 

        

         

        

         

         

         

        
          
            
            

          

          
            
            

            
              

            

          

          
            
            

          

        

         

        EXHIBIT
          5

         

         

        AUTHORIZED
          REPRESENTATIVES OF TRUSTEE

        
           

          
            	
                    NAME

                  	 	
                    SPECIMEN
                      SIGNATURE

                  
	 	 	 
	 	 	 
	 	 	 
	 	 	 
	 	 	 
	 	 	 
	 	 	 

          

           

        

         

         

        

         

        
          
            
            

          

          
            
            

            
              

            

          

          
            
            

            
            

          

        

         

        EXHIBIT
          6

         

         

        AUTHORIZED
          REPRESENTATIVES OF CUSTODIAN

         

        
          	
                  NAME

                	 	
                  SPECIMEN
                    SIGNATURE

                
	 	 	 
	 	 	 
	 	 	 
	 	 	 
	 	 	 
	 	 	 
	 	 	 

        

         

      

       

      
        
          
          

        

        
          
          

          
            

          

        

        
          
          

        

      

       

      EXHIBIT
        7

       

      SCHEDULE
        OF MORTGAGE LOANS

       

      Available
        Upon Request

       

      

      
        
          
            
            

          

          
            
            

            
              

            

          

          
            
            

          

        

      

      

       

      EXHIBIT
        8

       

      FORM
        OF
        RECEIPT OF MORTGAGE NOTE

       

      

      Financial
        Asset Securities Corp.

      600
        Steamboat Road

      Greenwich,
        Connecticut 06830

       

      Deutsche
        Bank National Trust Company

      1761
        East
        St. Andrew Place

      Santa
        Ana, California 92705-4934

       

      

       

      
        	
                Re:

              	
                First
                  Franklin Mortgage Loan Trust 2006-FF16,

              
	 	
                Asset-Backed
                  Certificates Series 2006-FF16

              

      

      Ladies
        and Gentlemen:

       

      Pursuant
        to Section 3 of the Custodial Agreement, dated as of November 1, 2006, among
        Deutsche Bank National Trust Company as the Trustee, National City Home Loan
        Services, Inc. as Servicer and Wells
        Fargo Bank, N.A.
        as the
        Custodian, we hereby acknowledge the receipt of the original Mortgage Notes
        with
        any exceptions thereto listed on Exhibit 2.

       

      
        	
                WELLS
                  FARGO BANK, N.A.

              
	 	 
	
                By:

              	 
	
                Name:

              	 
	
                Title:

              	 

      

      

       

       

      

       

       

      

       

      

      
        
          
            
            

          

          
            
            

            
              

            

          

          
            
            

            
            

          

        

      

      

       

      EXHIBIT
        9

       

      SERVICING
        CRITERIA TO BE ADDRESSED IN ASSESSMENT OF COMPLIANCE

       

       

      The
        assessment of compliance to be delivered by the Custodian shall address,
        at a
        minimum, the criteria identified below as “Applicable Servicing
        Criteria”:

      

       

      
        	
                 

                Servicing
                  Criteria

              	
                Applicable

                Servicing
                  Criteria

              
	
                Reference

              	
                Criteria

              	 
	 	
                General
                  Servicing Considerations

              	 
	
                 

                 

                1122(d)(1)(i)

              	
                Policies
                  and procedures are instituted to monitor any performance or other
                  triggers
                  and events of default in accordance with the transaction
                  agreements

              	 
	
                 

                 

                1122(d)(1)(ii)

              	
                If
                  any material servicing activities are outsourced to third parties,
                  policies and procedures are instituted to monitor the third party’s
                  performance and compliance with such servicing activities

              	 
	
                 

                1122(d)(1)(iii)

              	
                Any
                  requirements in the transaction agreements to maintain a back-up
                  servicer
                  for the pool assets are maintained.

              	 
	
                 

                 

                 

                1122(d)(1)(iv)

              	
                A
                  fidelity bond and errors and omissions policy is in effect on the
                  party
                  participating in the servicing function throughout the reporting
                  period in
                  the amount of coverage required by and otherwise in accordance
                  with the
                  terms of the transaction agreements.

              	 
	 	
                 

                Cash
                  Collection and Administration

              	 
	
                 

                 

                 

                1122(d)(2)(i)

              	
                Payments
                  on pool assets are deposited into the appropriate custodial bank
                  accounts
                  and related bank clearing accounts no more than two business days
                  following receipt, or such other number of days specified in the
                  transaction agreements.

              	 
	
                 

                1122(d)(2)(ii)

              	
                Disbursements
                  made via wire transfer on behalf of an obligor or to an investor
                  are made
                  only by authorized personnel.

              	 
	
                 

                 

                 

                1122(d)(2)(iii)

              	
                Advances
                  of funds or guarantees regarding collections, cash flows or distributions,
                  and any interest or other fees charged for such advances are made,
                  reviewed and approved as specified in the transaction
                  agreements.

              	 
	
                 

                 

                 

                1122(d)(2)(iv)

              	
                The
                  related accounts for the transaction, such as cash reserve accounts
                  or
                  accounts established as a form of overcollateralization, are separately
                  maintained (e.g., with respect to commingling of cash) as set forth
                  in the
                  transaction agreements.

              	 
	
                 

                 

                 

                 

                 

                1122(d)(2)(v)

              	
                Each
                  custodial account is maintained at a federally insured depository
                  institution as set forth in the transaction agreements. For purposes
                  of
                  this criterion, “federally insured depository institutions” with respect
                  to a foreign financial institution means a foreign financial institution
                  that meets the requirements of Rule 13k-1(b)(1) of the Securities
                  Exchange
                  Act. 

              	 
	
                1122(d)(2)(vi)

              	
                Unissued
                  checks are safeguarded so as to prevent unauthorized
                  access.

              	 
	
                 

                 

                 

                 

                 

                 

                 

                 

                 

                1122(d)(2)(vii)

              	
                Reconciliations
                  are prepared on a monthly basis for all asset-backed securities
                  related
                  bank accounts, including custodial accounts and related bank clearing
                  accounts. These reconciliations are (A) mathematically accurate;
                  (B)
                  prepared within 30 calendar days after the bank statement cutoff
                  date, or
                  such other number of days specified in the transaction agreements;
                  (C)
                  reviewed and approved by someone other than the person who prepared
                  the
                  reconciliations; and (D) contain explanations for reconciling items,
                  These
                  reconciling items are resolved within 90 calendar days of their
                  original
                  identification, or such other number of days specified in the transaction
                  agreements.

              	 
	 	
                 

                Investor
                  Remittances and Reporting

              	 
	
                 

                 

                 

                 

                 

                 

                 

                 

                 

                1122(d)(3)(i)

              	
                Reports
                  to investors, including those to be filed with the Commission,
                  are
                  maintained in accordance with the transaction agreements and applicable
                  Commission requirements. Specifically, such reports (A) are prepared
                  in
                  accordance with timeframes and other terms set forth in the transaction
                  agreements, (B) provide information calculated in accordance with
                  the
                  terms specified in the transaction agreements; (C) are filed with
                  the
                  Commission as required by its rules and regulations; and (D) agree
                  with
                  investors; or the trustee’s records as to the total unpaid principal
                  balance and number of pool assets serviced by the
                  servicer.

              	 
	
                 

                 

                1122(d)(3)(ii)

              	
                Amounts
                  due to investors are allocated and remitted in accordance with
                  timeframes,
                  distribution priority and other terms set forth in the transaction
                  agreements.

              	 
	
                 

                 

                1122(d)(3)(iii)

              	
                Disbursements
                  made to an investor are posted within two business days to the
                  servicer’s
                  investor records, or such other number of days specified in the
                  transaction agreements.

              	 
	
                 

                 

                1122(d)(3)(iv)

              	
                Amounts
                  remitted to investors per the investor reports agree with cancelled
                  checks, or other form of payment, or custodial bank
                  statements.

              	 
	 	
                 

                Pool
                  Asset Administration

              	 
	
                 

                1122(d)(4)(i)

              	
                Collateral
                  or security on pool assets is maintained as required by the transaction
                  agreements or related asset pool documents.

              	
                √

              
	
                 

                1122(d)(4)(ii)

              	
                Pool
                  assets and related documents are safeguarded as required by the
                  transaction agreements.

              	
                √

              
	
                 

                 

                1122(d)(4)(iii)

              	
                Any
                  additions, removals or substitutions to the asset pool are made,
                  reviewed
                  and approved in accordance with any conditions or requirements
                  in the
                  transaction agreements

              	 
	
                 

                 

                 

                 

                 

                1122(d)(4)(iv)

              	
                Payments
                  on pool assets, including any payoffs, made in accordance with
                  the related
                  pool asset documents are posted to the servicer’s obligor records
                  maintained no more than two business days after receipt, or such
                  other
                  number of days specified in the transaction agreements, and allocated
                  to
                  principal, interest or other items (e.g., escrow) in accordance
                  with the
                  related pool asset documents.

              	 
	
                 

                1122(d)(4)(v)

              	
                The
                  servicer’s records regarding the pool assets agree with the servicer’s
                  records with respect to an obligor’s unpaid principal
                  balance.

              	 
	
                 

                 

                 

                1122(d)(4)(vi)

              	
                Changes
                  with respect to the terms or status of an obligor’s pool asset (e.g., loan
                  modifications or re-agings) are made, reviewed and approved by
                  authorized
                  personnel in accordance with the transaction agreements and related
                  pool
                  asset documents.

              	 
	
                 

                 

                 

                 

                1122(d)(4)(vii)

              	
                Loss
                  mitigation of recovery actions (e.g., forbearance plans, modifications
                  and
                  deed in lieu of foreclosure, foreclosures and repossessions, as
                  applicable) are initiated, conducted and concluded in accordance
                  with the
                  timeframes or other requirements established by the transaction
                  documents.

              	 
	
                 

                 

                 

                 

                 

                 

                 

                1122(d)(4)(viii)

              	
                Records
                  documenting collection efforts are maintained during the period
                  a pool
                  asset is delinquent in accordance with the transaction agreements.,
                  Such
                  records are maintained in at least a monthly basis, or such other
                  period
                  specified in the transaction agreements, and describe the entity’s
                  activities in monitoring delinquent pool assets including, for
                  example,
                  phone calls, letters and payment rescheduling plans in cases where
                  delinquency is deemed temporary (e.g., illness or
                  unemployment).

              	 
	
                 

                1122(d)(4)(ix)

              	
                Adjustments
                  to interest rates or rates of return for pool assets with variable
                  rates
                  are computed based on the related pool asset documents.

              	 
	
                 

                 

                 

                 

                 

                 

                 

                 

                1122(d)(4)(x)

              	
                Regarding
                  any funds held in trust for an obligor (such as escrow accounts);
                  (A) such
                  funds are analyzed, in accordance with the obligor’s pool asset documents,
                  on at least an annual basis, or such other period specified in
                  the
                  transaction agreements; (B) interest on such funds is paid, or
                  credited,
                  to obligors in accordance with applicable pool asset documents
                  and state
                  laws; and (C) such funds are returned to the obligor within 3-
                  calendar
                  days of full repayment of the related pool asset, or such other
                  number of
                  days specified in the transaction agreements.

              	 
	
                 

                 

                 

                 

                 

                1122(d)(4)(xi)

              	
                Payments
                  made on behalf of an obligor (such as tax ore insurance payments)
                  are made
                  on or before the related penalty or expiration dates, as indicated
                  on the
                  appropriate bills or notices for such payments, provided that such
                  support
                  has been received by the service at least 30 calendar days prior
                  to these
                  dates, or such other number of days specified in the transaction
                  agreements.

              	 
	
                 

                 

                 

                1122(d)(4)(xii)

              	
                Any
                  late payment penalties in connection with any payment to be made
                  on behalf
                  of an obligor are paid from the servicer’s funds and not charged to the
                  obligor, unless the late payment was due to the obligor’s error or
                  omission.

              	 
	
                1122(d)(4)(xiii)

              	
                Disbursements
                  made on behalf of an obligor are posted within two business days
                  to the
                  obligor’s records maintained by the servicer, or such other number of days
                  specified in the transaction agreements.

              	 
	
                1122(d)(4)(xiv)

              	
                Delinquencies,
                  charge-offs and uncollectible funds are recognized and recorded
                  in
                  accordance with the transaction agreements.

              	 
	
                1122(d)(4)(xv)

              	
                Any
                  external enhancement or other support, identified in item 1114(a)(1)
                  through (3) or item 1115 of Regulation AB, is maintained as set forth in
                  the transaction agreements.

              	 

      

       

      

       

      

       

      

       

       

      

    

    
 

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    EXHIBIT
      H

     

    FORM
      OF
      LOST NOTE AFFIDAVIT

     

    Personally
      appeared before me the undersigned authority to administer oaths,
      __________________ who first being duly sworn deposes and says: Deponent is
      __________________________ of ____________________________, successor by merger
      to _________________________ (“Seller”) and who has personal knowledge of the
      facts set out in this affidavit.

     

    On
      _________________________________, _________________________________ did execute
      and deliver a promissory note in the principal amount of
      $____________________.

     

    That
      said
      note has been misplaced or lost through causes unknown and is presently lost
      and
      unavailable after diligent search has been made. Seller’s records show that an
      amount of principal and interest on said note is still presently outstanding,
      due, and unpaid, and Seller is still owner and holder in due course of said
      lost
      note.

     

    Seller
      executes this Affidavit for the purpose of inducing Deutsche Bank National
      Trust
      Company, as trustee on behalf of First Franklin Mortgage Loan Trust 2006-FF16,
      Asset-Backed Certificates Series 2006-FF16, to accept the transfer of the above
      described loan from Seller.

     

    Seller
      agrees to indemnify Deutsche Bank National Trust Company and Financial Asset
      Securities Corp. harmless for any losses incurred by such parties resulting
      from
      the above described promissory note has been lost or misplaced.

     

    By:          _______________________

    _______________________

     

    
      	
              STATE
                OF

            	
              )

            
	 	
              )
                SS:

            
	
              COUNTY
                OF

            	
              )

            

    

     

    On
      this
      ______ day of ______________, 20_, before me, a Notary Public, in and for said
      County and State, appeared , who acknowledged the extension of the foregoing
      and
      who, having been duly sworn, states that any representations therein contained
      are true.

     

    Witness
      my hand and Notarial Seal this _________ day of 20__.

     

    ____________________________

     

    ____________________________

     

    My
      commission expires __________________________.

     

    

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    EXHIBIT
      I

     

    FORM
      OF
      LIMITED POWER OF ATTORNEY

     

    KNOW
      ALL
      MEN BY THESE PRESENTS, that [NAME OF MORTGAGEE, ASSIGNEE OR LAST ENDORSEE,
      AS
      APPLICABLE], [a ___________________ corporation][a national banking
      organization], having its principal place of business at
      __________________________, (the “Undersigned”), pursuant to that Pooling and
      Servicing Agreement dated November 1, 2006 (the “Pooling and Servicing
      Agreement”), among Financial Asset Securities Corp. (the “Owner”), Deutsche Bank
      National Trust Company and National City Home Loan Services, Inc. (“NCHLS”),
      hereby constitutes and appoints NCHLS, by and through NCHLS’s officers, the
      Undersigned’s true and lawful Attorney-in-Fact, in the Undersigned’s name, place
      and stead, as their interests may appear, and for the Undersigned’s respective
      benefit, in connection with all Mortgage Loans serviced by NCHLS pursuant to
      the
      Pooling and Servicing Agreement, for the purpose of performing all acts and
      executing all documents in the name of the Undersigned as may be customarily
      and
      reasonably necessary and appropriate to effectuate the following enumerated
      transactions in respect of any of the mortgages, deeds of trust or security
      instrument (each a “Mortgage” or a “Deed of Trust” respectively) and promissory
      notes secured thereby (each a “Mortgage Note”) for which the Undersigned is
      acting as Servicer pursuant to the Pooling and Servicing Agreement (whether
      the
      Undersigned is named therein as mortgagee or beneficiary or has become mortgagee
      by virtue of endorsement of the Mortgage Note secured by any such Mortgage
      or
      Deed of Trust) all subject to the terms of the related Pooling and Servicing
      Agreement.

     

    This
      appointment shall apply to the following enumerated transactions
      only:

     

    1. The
      modification or re-recording of a Mortgage or Deed of Trust, where said
      modification or re-recording is for the purpose of correcting the Mortgage
      or
      Deed of Trust to conform same to the original intent of the parties thereto
      or
      to correct title errors discovered after such title insurance was issued and
      said modification or re-recording, in either instance, does not adversely affect
      the lien of the Mortgage or Deed of Trust as insured.

     

    2. The
      subordination of the lien of a Mortgage or Deed of Trust to an easement in
      favor
      of a public utility company or a governmental agency or authority thereunder
      with powers of eminent domain; this section shall include, without limitation,
      the execution of partial satisfaction/release, partial reconveyances or the
      execution of requests to trustees to accomplish same.

     

    3. The
      conveyance of the properties to the mortgage insurer, or the closing of the
      title to the property to be acquired as real estate owned, or conveyance of
      title to real estate owned.

     

    4. The
      completion of loan assumption agreements.

     

    5. The
      full
      satisfaction/release of a Mortgage or Deed of Trust or full reconveyance upon
      payment and discharge of all sums secured thereby, including, without
      limitation, cancellation of the related Mortgage Note.

     

    6. The
      assignment of any Mortgage or Deed of Trust and the related Mortgage Note,
      in
      connection with the repurchase of the mortgage loan secured and evidenced
      thereby.

     

    7. The
      full
      assignment of a Mortgage or Deed of Trust upon payment and discharge of all
      sums
      secured thereby in conjunction with the refinancing thereof, including, without
      limitation, the assignment of the related Mortgage Note.

     

    8. With
      respect to a Mortgage or Deed of Trust, the foreclosure, the taking of a deed
      in
      lieu of foreclosure, or the completion of judicial or non-judicial foreclosure
      or termination, cancellation or rescission of any such foreclosure, including,
      without limitation, any and all of the following acts:

     

    a) the
      substitution of trustee(s) serving under a Deed of Trust, in accordance with
      state law and the Deed of Trust;

    b) the
      preparation and issuance of statements of breach or
      non-performance;

    c) the
      preparation and filing of notices of default and/or notices of
      sale;

    d) the
      cancellation/rescission of notices of default and/or notices of
      sale;

    e) the
      taking of a deed in lieu of foreclosure; and

    f) the
      preparation and execution of such other documents and performance of such other
      actions as may be necessary under the terms of the Mortgage, Deed of Trust
      or
      state law to expeditiously complete said transactions in paragraphs 8(a) through
      8(e) above.

     

    9. The
      full
      assignment of a Mortgage or Deed of Trust upon sale of a loan pursuant to a
      mortgage loan sale agreement for the sale of a loan or pool of loans, including,
      without limitation, the assignment of the related Mortgage Note.

     

    The
      Undersigned gives said Attorney-in-Fact full power and authority to execute
      such
      instruments and to do and perform all and every act and thing necessary and
      proper to carry into effect the power or powers granted by or under this Limited
      Power of Attorney, each subject to the terms and conditions set forth in the
      related Pooling and Servicing Agreement and in accordance with the standard
      of
      care applicable to servicers in the Pooling and Servicing Agreement as fully
      as
      the undersigned might or could do, and hereby does ratify and confirm to all
      that said Attorney-in-Fact shall lawfully do or cause to be done by authority
      hereof. This Limited Power of Attorney shall be effective as of [SERVICING
      TRANSFER EFFECTIVE DATE].

     

    Nothing
      contained herein shall (i) limit in any manner any indemnification provided
      by
      NCHLS to the Owner under the Pooling and Servicing Agreement, or (ii) be
      construed to grant NCHLS the power to initiate or defend any suit, litigation
      or
      proceeding in the name of the Undersigned except as specifically provided for
      herein or under the Pooling and Servicing Agreement.

     

    National
      City Home Loan Sevices, Inc. hereby agrees to indemnify and hold the Undersigned
      and its directors, officers, employees and agents harmless from and against
      any
      and all liabilities, obligations, losses, damages, penalties, actions,
      judgments, suits, costs, expenses or disbursements of any kind or nature
      whatsoever incurred by reason or result of or in connection with the exercise
      by
      NCHLS of the powers granted to it hereunder. The foregoing indemnity shall
      survive the termination of this Limited Power of Attorney and the Pooling and
      Servicing Agreement or the earlier resignation or removal of the Undersigned
      under the Pooling and Servicing Agreement.

     

    Any
      third
      party without actual notice of fact to the contrary may rely upon the exercise
      of the power granted under this Limited Power of Attorney; and may be satisfied
      that this Limited Power of Attorney shall continue in full force and effect
      and
      has not been revoked unless an instrument of revocation has been made in writing
      by the undersigned, and such third party put on notice thereof. This Limited
      Power of Attorney shall be in addition to and shall not revoke or in any way
      limit the authority granted by any previous power of attorney executed by the
      Undersigned.

     

    IN
      WITNESS WHEREOF, ____________________ pursuant to the Pooling and Servicing
      Agreement, has caused its corporate seal to be hereto affixed and these presents
      to be signed and acknowledged in its name and behalf by ______________________,
      its duly elected and authorized _________________________ this ___ day of
      _________________, 2006.

     

    
      	
              By:

            	 
	
              Name:

            	 
	
              Title:

            	 

    

    

     

    Acknowledged
      and Agreed

     

    NATIONAL
      CITY HOME LOAN SERVICES, INC. 

     

    
      	
              By:

            	 
	
              Name:

            	 
	
              Title:

            	 

    

    

     

    

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    EXHIBIT
      J

     

    FORM
      OF
      INVESTMENT LETTER [NON-RULE 144A]

     

    [DATE]

     

    Financial
      Asset Securities Corp.

    600
      Steamboat Road

    Greenwich,
      Connecticut 06830

     

    Deutsche
      Bank National Trust Company

    1761
      East St. Andrew Place

    Santa
      Ana, California 92705

     

    
      	
              Re:

            	
              First
                Franklin Mortgage Loan Trust 2006-FF16, Asset-Backed
                Certificates Series 2006-FF16

            

    

    Ladies
      and Gentlemen:

     

    In
      connection with our acquisition of the above-captioned Certificates, we certify
      that (a) we understand that the Certificates are not being registered under
      the
      Securities Act of 1933, as amended (the “Act”), or any state securities laws and
      are being transferred to us in a transaction that is exempt from the
      registration requirements of the Act and any such laws, (b) we are an
“accredited investor,” as defined in Regulation D under the Act, and have such
      knowledge and experience in financial and business matters that we are capable
      of evaluating the merits and risks of investments in the Certificates, (c)
      we
      have had the opportunity to ask questions of and receive answers from the
      Depositor concerning the purchase of the Certificates and all matters relating
      thereto or any additional information deemed necessary to our decision to
      purchase the Certificates, (d) we are not an employee benefit plan that is
      subject to the Employee Retirement Income Security Act of 1974, as amended,
      or a
      plan that is subject to Section 4975 of the Internal Revenue Code of 1986,
      as
      amended, nor are we acting on behalf of any such plan, (e) we are acquiring
      the
      Certificates for investment for our own account and not with a view to any
      distribution of such Certificates (but without prejudice to our right at all
      times to sell or otherwise dispose of the Certificates in accordance with clause
      (g) below), (f) we have not offered or sold any Certificates to, or solicited
      offers to buy any Certificates from, any person, or otherwise approached or
      negotiated with any person with respect thereto, or taken any other action
      which
      would result in a violation of Section 5 of the Act, and (g) we will not sell,
      transfer or otherwise dispose of any Certificates unless (1) such sale, transfer
      or other disposition is made pursuant to an effective registration statement
      under the Act or is exempt from such registration requirements, and if
      requested, we will at our expense provide an opinion of counsel satisfactory
      to
      the addressees of this Certificate that such sale, transfer or other disposition
      may be made pursuant to an exemption from the Act, (2) the purchaser or
      transferee of such Certificate has executed and delivered to you a certificate
      to substantially the same effect as this certificate, and (3) the purchaser
      or
      transferee has otherwise complied with any conditions for transfer set forth
      in
      the Pooling and Servicing Agreement.

     

    

     

    
      	
              Very
                truly yours,

               

              [NAME
                OF TRANSFEREE]

            
	 	 	 	 	 	 	 
	 	 	 	 	 	 	 
	
              By:

            	 
	 	
              Authorized
                Officer

            

    

    

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    

    FORM
      OF
      RULE 144A INVESTMENT LETTER

     

    [DATE]

     

    Financial
      Asset Securities Corp.

    600
      Steamboat Road

    Greenwich,
      Connecticut 06830

     

    Deutsche
      Bank National Trust Company

    1761
      East
      St. Andrew Place

    Santa
      Ana, California 92705-4934

     

    
      	
              Re:

            	
              First
                Franklin Mortgage Loan Trust 2006-FF16, Asset-Backed
                Certificates Series 2006-FF16

            

    

    Ladies
      and Gentlemen:

     

    In
      connection with our acquisition of the above Certificates we certify that (a)
      we
      understand that the Certificates are not being registered under the Securities
      Act of 1933, as amended (the “Act”), or any state securities laws and are being
      transferred to us in a transaction that is exempt from the registration
      requirements of the Act and any such laws, (b) we have had the opportunity
      to
      ask questions of and receive answers from the Depositor concerning the purchase
      of the Certificates and all matters relating thereto or any additional
      information deemed necessary to our decision to purchase the Certificates,
      (c)
      we are not an employee benefit plan that is subject to the Employee Retirement
      Income Security Act of 1974, as amended, or a plan that is subject to Section
      4975 of the Internal Revenue Code of 1986, as amended, nor are we acting on
      behalf of any such plan, (d) we have not, nor has anyone acting on our behalf
      offered, transferred, pledged, sold or otherwise disposed of the Certificates,
      any interest in the Certificates or any other similar security to, or solicited
      any offer to buy or accept a transfer, pledge or other disposition of the
      Certificates, any interest in the Certificates or any other similar security
      from, or otherwise approached or negotiated with respect to the Certificates,
      any interest in the Certificates or any other similar security with, any person
      in any manner, or made any general solicitation by means of general advertising
      or in any other manner, or taken any other action, that would constitute a
      distribution of the Certificates under the Securities Act or that would render
      the disposition of the Certificates a violation of Section 5 of the Securities
      Act or require registration pursuant thereto, nor will act, nor has authorized
      or will authorize any person to act, in such manner with respect to the
      Certificates, (e) we are a “qualified institutional buyer” as that term is
      defined in Rule 144A under the Securities Act and have completed either of
      the
      forms of certification to that effect attached hereto as Annex 1 or Annex 2.
      We
      are aware that the sale to us is being made in reliance on Rule 144A. We are
      acquiring the Certificates for our own account or for resale pursuant to Rule
      144A and further, understand that such Certificates may be resold, pledged
      or
      transferred only (i) to a person reasonably believed to be a qualified
      institutional buyer that purchases for its own account or for the account of
      a
      qualified institutional buyer to whom notice is given that the resale, pledge
      or
      transfer is being made in reliance on Rule 144A, or (ii) pursuant to another
      exemption from registration under the Securities Act.

     

    
      	
              Very
                truly yours,

               

              [NAME
                OF TRANSFEREE]

            
	 	 	 	 	 	 	 
	 	 	 	 	 	 	 
	
              By:

            	 
	 	
              Authorized
                Officer

            

    

    

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    ANNEX
      1 TO EXHIBIT J

     

    QUALIFIED
      INSTITUTIONAL BUYER STATUS UNDER SEC RULE 144A

     

    [For
      Transferees Other Than Registered Investment Companies]

    

    The
      undersigned (the “Buyer”) hereby certifies as follows to the parties listed in
      the Rule 144A Transferee Certificate to which this certification relates with
      respect to the Certificates described therein:

     

    1. As
      indicated below, the undersigned is the President, Chief Financial Officer,
      Senior Vice President or other executive officer of the Buyer.

     

    2. In
      connection with purchases by the Buyer, the Buyer is a “qualified institutional
      buyer” as that term is defined in Rule 144A under the Securities Act of 1933, as
      amended (“Rule 144A”) because (i) the Buyer owned and/or invested on a
      discretionary basis $                    1 
      in
      securities (except for the excluded securities referred to below) as of the
      end
      of the Buyer’s most recent fiscal year (such amount being calculated in
      accordance with Rule 144A and (ii) the Buyer satisfies the criteria in the
      category marked below.

     

    _________
      Corporation,
      etc.
      The Buyer is a corporation (other than a bank, savings and loan association
      or
      similar institution), Massachusetts or similar business trust, partnership,
      or
      charitable organization described in Section
      501(c)(3) of the Internal Revenue Code of 1986, as amended.

     

    _________
      Bank.
      The
      Buyer (a) is a national bank or banking institution organized under the laws
      of
      any State, territory or the District of Columbia, the business of which is
      substantially confined to banking and is supervised by the State or territorial
      banking commission or similar official or is a foreign bank or equivalent
      institution, and (b) has an audited net worth of at least $25,000,000 as
      demonstrated in its latest annual financial statements, a copy of which is
      attached hereto.

     

    _________
      Savings
      and Loan.
      The
      Buyer (a) is a savings and loan association, building and loan association,
      cooperative bank, homestead association or similar institution, which is
      supervised and examined by a State or Federal authority having supervision
      over
      any such institutions or is a foreign savings and loan association or equivalent
      institution and (b) has an audited net worth of at least $25,000,000 as
      demonstrated in its latest annual financial statements, a copy of which is
      attached hereto.

     

    _________
      Broker-Dealer.
      The
      Buyer is a dealer registered pursuant to Section 15 of the Securities Exchange
      Act of 1934.

     

    _________
      Insurance
      Company.
      The
      Buyer is an insurance company whose primary and predominant business activity
      is
      the writing of insurance or the reinsuring of risks underwritten by insurance
      companies and which is subject to supervision by the insurance commissioner
      or a
      similar official or agency of a State, territory or the District of
      Columbia.

     

    _________
      State
      or Local Plan.
      The
      Buyer is a plan established and maintained by a State, its political
      subdivisions, or any agency or instrumentality of the State or its political
      subdivisions, for the benefit of its employees.

     

    _________
      ERISA
      Plan.
      The
      Buyer is an employee benefit plan within the meaning of Title I of the Employee
      Retirement Income Security Act of 1974, as amended.

     

    Investment
      Advisor.
      The
      Buyer is an investment advisor registered under the Investment Advisors Act
      of
      1940.

     

    _________
      Small
      Business Investment Company.
      Buyer
      is a small business investment company licensed by the U.S. Small Business
      Administration under Section 301(c) or (d) of the Small Business Investment
      Act
      of 1958.

     

    _________
      Business
      Development Company.
      Buyer
      is a business development company as defined in Section 202(a)(22) of the
      Investment Advisors Act of 1940.

     

    3. The
      term
“SECURITIES” as used herein DOES NOT INCLUDE (i) securities of issuers that are
      affiliated with the Buyer, (ii) securities that are part of an unsold allotment
      to or subscription by the Buyer, if the Buyer is a dealer, (iii) securities
      issued or guaranteed by the U.S. or any instrumentality thereof, (iv) bank
      deposit notes and certificates of deposit (v) loan participations, (vi)
      repurchase agreements, (vii) securities owned but subject to a repurchase
      agreement and (viii) currency, interest rate and commodity swaps.

     

    4. For
      purposes of determining the aggregate amount of securities owned and/or invested
      on a discretionary basis by the Buyer, the Buyer used the cost of such
      securities to the Buyer and did not include any of the securities referred
      to in
      the preceding paragraph, except (i) where the Buyer reports its securities
      holdings in its financial statements on the basis of their market value, and
      (ii) no current information with respect to the cost of those securities has
      been published. If clause (ii) in the preceding sentence applies, the securities
      may be valued at market. Further, in determining such aggregate amount, the
      Buyer may have included securities owned by subsidiaries of the Buyer, but
      only
      if such subsidiaries are consolidated with the Buyer in its financial statements
      prepared in accordance with generally accepted accounting principles and if
      the
      investments of such subsidiaries are managed under the Buyer’s direction.
      However, such securities were not included if the Buyer is a majority-owned,
      consolidated subsidiary of another enterprise and the Buyer is not itself a
      reporting company under the Securities Exchange Act of 1934, as
      amended.

     

    5. The
      Buyer
      acknowledges that it is familiar with Rule 144A and understands that the seller
      to it and other parties related to the Certificates are relying and will
      continue to rely on the statements made herein because one or more sales to
      the
      Buyer may be in reliance on Rule 144A.

     

    6. Until
      the
      date of purchase of the Rule 144A Securities, the Buyer will notify each of
      the
      parties to which this certification is made of any changes in the information
      and conclusions herein. Until such notice is given, the Buyer’s purchase of the
      Certificates will constitute a reaffirmation of this certification as of the
      date of such purchase. In addition, if the Buyer is a bank or savings and loan
      is provided above, the Buyer agrees that it will furnish to such parties updated
      annual financial statements promptly after they become available.

     

    

     

    
      	 
	
              Print
                Name of Buyer

            
	 	 
	
              By:

            	 
	
              Name:

            	 
	
              Title:

            	 
	 	 
	
              Date:

            	 

    

    

      

      
        1 Buyer
          must own and/or invest on a discretionary basis at least $100,000,000 in
          securities unless Buyer is a dealer, and, in that case, Buyer must own
          and/or
          invest on a discretionary basis at least $10,000,000 in
          securities.

      

    

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    ANNEX
      2 TO EXHIBIT J

     

    QUALIFIED
      INSTITUTIONAL BUYER STATUS UNDER SEC RULE 144A

     

    [For
      Transferees That are Registered Investment Companies]

    

    The
      undersigned (the “Buyer”) hereby certifies as follows to the parties listed in
      the Rule 144A Transferee Certificate to which this certification relates with
      respect to the Certificates described therein:

     

    1. As
      indicated below, the undersigned is the President, Chief Financial Officer
      or
      Senior Vice President of the Buyer or, if the Buyer is a “qualified
      institutional buyer” as that term is defined in Rule 144A under the Securities
      Act of 1933, as amended (“Rule 144A”) because Buyer is part of a Family of
      Investment Companies (as defined below), is such an officer of the
      Adviser.

     

    2. In
      connection with purchases by Buyer, the Buyer is a “qualified institutional
      buyer” as defined in SEC Rule 144A because (i) the Buyer is an investment
      company registered under the Investment Company Act of 1940, as amended and
      (ii)
      as marked below, the Buyer alone, or the Buyer’s Family of Investment Companies,
      owned at least $100,000,000 in securities (other than the excluded securities
      referred to below) as of the end of the Buyer’s most recent fiscal year. For
      purposes of determining the amount of securities owned by the Buyer or the
      Buyer’s Family of Investment Companies, the cost of such securities was used,
      except (i) where the Buyer or the Buyers Family of Investment Companies reports
      its securities holdings in its financial statements on the basis of their market
      value, and (ii) no current information with respect to the cost of those
      securities has been published. If clause (ii) in the preceding sentence applies,
      the securities may be valued at market.

     

    _________
      The
      Buyer
      owned $_________ in securities (other than the excluded securities referred
      to
      below) as of the end of the Buyer’s most recent fiscal year (such amount being
      calculated in accordance with Rule 144A).

     

    _________
      The
      Buyer
      is part of a Family of Investment Companies which owned in the aggregate
      $___________ in securities (other than the excluded securities referred to
      below) as of the end of the Buyer’s most recent fiscal year (such amount being
      calculated in accordance with Rule 144A).

     

    3. The
      term
“FAMILY OF INVESTMENT COMPANIES” as used herein means two or more registered
      investment companies (or series thereof) that have the same investment adviser
      or investment advisers that are affiliated (by virtue of being majority owned
      subsidiaries of the same parent or because one investment adviser is a majority
      owned subsidiary of the other).

     

    4. The
      term
“SECURITIES” as used herein does not include (i) securities of issuers that are
      affiliated with the Buyer or are part of the Buyer’s Family of Investment
      Companies, (ii) securities issued or guaranteed by the U.S. or any
      instrumentality thereof, (iii) bank deposit notes and certificates of deposit,
      (iv) loan participations, (v) repurchase agreements, (vi) securities owned
      but
      subject to a repurchase agreement and (vii) currency, interest rate and
      commodity swaps.

     

    5. The
      Buyer
      is familiar with Rule 144A and understands that the parties listed in the Rule
      144A Transferee Certificate to which this certification relates are relying
      and
      will continue to rely on the statements made herein because one or more sales
      to
      the Buyer will be in reliance on Rule 144A. In addition, the Buyer will only
      purchase for the Buyer’s own account.

     

    6. Until
      the
      date of purchase of the Certificates, the undersigned will notify the parties
      listed in the Rule 144A Transferee Certificate to which this certification
      relates of any changes in the information and conclusions herein. Until such
      notice is given, the Buyer’s purchase of the Certificates will constitute a
      reaffirmation of this certification by the undersigned as of the date of such
      purchase.

     

    

     

    
      	 
	
              Print
                Name of Buyer or Adviser

               

            
	
              By:

            	 
	 	
              Name:

            
	 	
              Title:

            
	 	 
	 	 
	
              IF
                AN ADVISER:

            
	 	 
	 
	
              Print
                Name of Buyer

            
	 	 
	 	 
	 	 
	
              Date:

            	 

    

    

     

    

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    

      
         

      

    

    EXHIBIT
      K

     

    FORM
      OF
      TRANSFER AFFIDAVIT FOR RESIDUAL CERTIFICATES

    PURSUANT
      TO SECTION 5.02(D)

     

    FIRST
      FRANKLIN MORTGAGE LOAN TRUST 2006-FF16

    ASSET-BACKED
      CERTIFICATES, SERIES 2006-FF16

     

    
      	
              STATE
                OF

            	
              )

            
	 	
              )
                ss:

            
	
              COUNTY
                OF

            	
              )

            

    

     

    The
      undersigned, being first duly sworn, deposes and says as follows:

     

     

    1.  The
      undersigned is an officer of, the proposed Transferee of an Ownership Interest
      in a Residual Certificate (the “Certificate”)
      issued
      pursuant to the Pooling and Servicing Agreement dated as of November 1, 2006
      (the “Agreement”),
      among
      Financial Asset Securities Corp., as depositor (the “Depositor”),
      National City Home Loan Services, Inc., as servicer (the “Servicer”)
      and
      Deutsche Bank National Trust Company, as trustee (the “Trustee”).
      Capitalized terms used, but not defined herein or in Exhibit 1 hereto,
      shall have the meanings ascribed to such terms in the Agreement. The Transferee
      has authorized the undersigned to make this affidavit on behalf of the
      Transferee for the benefit of the Depositor and the Trustee.

     

    2.  The
      Transferee is, as of the date hereof, and will be, as of the date of the
      Transfer, a Permitted Transferee. The Transferee is acquiring its Ownership
      Interest in the Certificate for its own account. The Transferee has no knowledge
      that any such affidavit is false.

     

    3.  The
      Transferee has been advised of, and understands that (i) a tax will be
      imposed on Transfers of the Certificate to Persons that are not Permitted
      Transferees; (ii) such tax will be imposed on the transferor, or, if such
      Transfer is through an agent (which includes a broker, nominee or middleman)
      for
      a Person that is not a Permitted Transferee, on the agent; and (iii) the
      Person otherwise liable for the tax shall be relieved of liability for the
      tax
      if the subsequent Transferee furnished to such Person an affidavit that such
      subsequent Transferee is a Permitted Transferee and, at the time of Transfer,
      such Person does not have actual knowledge that the affidavit is
      false.

     

    4.  The
      Transferee has been advised of, and understands that a tax will be imposed
      on a
“pass-through entity” holding the Certificate if at any time during the taxable
      year of the pass-through entity a Person that is not a Permitted Transferee
      is
      the record holder of an interest in such entity. The Transferee understands
      that
      such tax will not be imposed for any period with respect to which the record
      holder furnishes to the pass-through entity an affidavit that such record holder
      is a Permitted Transferee and the pass-through entity does not have actual
      knowledge that such affidavit is false. (For this purpose, a “pass-through
      entity” includes a regulated investment company, a real estate investment trust
      or common trust fund, a partnership, trust or estate, and certain cooperatives
      and, except as may be provided in Treasury Regulations, persons holding
      interests in pass-through entities as a nominee for another
      Person.)

     

    5.  The
      Transferee has reviewed the provisions of Section 5.02(d) of the Agreement
      and understands the legal consequences of the acquisition of an Ownership
      Interest in the Certificate including, without limitation, the restrictions
      on
      subsequent Transfers and the provisions regarding voiding the Transfer and
      mandatory sales. The Transferee expressly agrees to be bound by and to abide
      by
      the provisions of Section 5.02(d) of the Agreement and the restrictions
      noted on the face of the Certificate. The Transferee understands and agrees
      that
      any breach of any of the representations included herein shall render the
      Transfer to the Transferee contemplated hereby null and void.

     

    6.  The
      Transferee agrees to require a Transfer Affidavit from any Person to whom the
      Transferee attempts to Transfer its Ownership Interest in the Certificate,
      and
      in connection with any Transfer by a Person for whom the Transferee is acting
      as
      nominee, trustee or agent, and the Transferee will not Transfer its Ownership
      Interest or cause any Ownership Interest to be Transferred to any Person that
      the Transferee knows is not a Permitted Transferee. In connection with any
      such
      Transfer by the Transferee, the Transferee agrees to deliver to the Trustee
      a
      certificate substantially in the form set forth as Exhibit L to the
      Agreement (a “Transferor
      Certificate”)
      to the
      effect that such Transferee has no actual knowledge that the Person to which
      the
      Transfer is to be made is not a Permitted Transferee.

     

    7.  The
      Transferee has historically paid its debts as they have come due, intends to
      pay
      its debts as they come due in the future, and understands that the taxes payable
      with respect to the Certificate may exceed the cash flow with respect thereto
      in
      some or all periods and intends to pay such taxes as they become due. The
      Transferee does not have the intention to impede the assessment or collection
      of
      any tax legally required to be paid with respect to the
      Certificate.

     

    8.  The
      Transferee’s taxpayer identification number is ___________.

     

    9.  The
      Transferee is a U.S. Person as defined in Code
      Section 7701(a)(30).

     

    10.  The
      Transferee is aware that the Certificate may be a “noneconomic residual
      interest” within the meaning of proposed Treasury regulations promulgated
      pursuant to the Code and that the transferor of a noneconomic residual interest
      will remain liable for any taxes due with respect to the income on such residual
      interest, unless no significant purpose of the transfer was to impede the
      assessment or collection of tax.

     

    11.  The
      Transferee will not cause income from the Certificate to be attributable to
      a
      foreign permanent establishment or fixed base, within the meaning of an
      applicable income tax treaty, of the Transferee or any other U.S.
      person.

     

    12.  Check
      one
      of the following:

     

    [_] The
      present value of the anticipated tax liabilities associated with holding the
      Certificate, as applicable, does not exceed the sum of:

     

    
      	 	
              (i)

            	
              the
                present value of any consideration given to the Transferee to acquire
                such
                Certificate;

            

    

     

    
      	 	
              (ii)

            	
              the
                present value of the expected future distributions on such Certificate;
                and

            

    

     

    
      	 	
              (iii)

            	
              the
                present value of the anticipated tax savings associated with holding
                such
                Certificate as the related REMIC generates
                losses.

            

    

     

    For
      purposes of this calculation, (i) the Transferee is assumed to pay tax at the
      highest rate currently specified in Section 11(b) of the Code (but the tax
      rate
      in Section 55(b)(1)(B) of the Code may be used in lieu of the highest rate
      specified in Section 11(b) of the Code if the Transferee has been subject to
      the
      alternative minimum tax under Section 55 of the Code in the preceding two years
      and will compute its taxable income in the current taxable year using the
      alternative minimum tax rate) and (ii) present values are computed using a
      discount rate equal to the short-term Federal rate prescribed by Section 1274(d)
      of the Code for the month of the transfer and the compounding period used by
      the
      Transferee.

     

    [_] The
      transfer of the Certificate complies with U.S. Treasury Regulations Sections
      1.860E-1(c)(5) and (6) and, accordingly,

     

    
      	 	
              (i)

            	
              the
                Transferee is an “eligible corporation,” as defined in U.S. Treasury
                Regulations Section 1.860E-1(c)(6)(i), as to which income from the
                Certificate will only be taxed in the United
                States;

            

    

     

    
      	 	
              (ii)

            	
              at
                the time of the transfer, and at the close of the Transferee’s two fiscal
                years preceding the year of the transfer, the Transferee had gross
                assets
                for financial reporting purposes (excluding any obligation of a person
                related to the Transferee within the meaning of U.S. Treasury Regulations
                Section 1.860E-1(c)(6)(ii)) in excess of $100 million and net assets
                in
                excess of $10 million;

            

    

     

    
      	 	
              (iii)

            	
              the
                Transferee will transfer the Certificate only to another “eligible
                corporation,” as defined in U.S. Treasury Regulations Section
                1.860E-1(c)(6)(i), in a transaction that satisfies the requirements
                of
                Sections 1.860E-1(c)(4)(i), (ii) and (iii) and Section 1.860E-1(c)(5)
                of
                the U.S. Treasury Regulations;
                and

            

    

     

    
      	 	
              (iv)

            	
              the
                Transferee determined the consideration paid to it to acquire the
                Certificate based on reasonable market assumptions (including, but
                not
                limited to, borrowing and investment rates, prepayment and loss
                assumptions, expense and reinvestment assumptions, tax rates and
                other
                factors specific to the Transferee) that it has determined in good
                faith.

            

    

     

    [_] None
      of
      the above.

     

    13.  The
      Transferee is not an employee benefit plan that is subject to Title I of ERISA
      or a plan that is subject to Section 4975 of the Code or a plan subject to
      any Federal, state or local law that is substantially similar to Title I of
      ERISA or Section 4975 of the Code, and the Transferee is not acting on behalf
      of
      or investing plan assets of such a plan.

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

     

    IN
      WITNESS WHEREOF, the Transferee has caused this instrument to be executed on
      its
      behalf, pursuant to authority of its Board of Directors, by its duly authorized
      officer and its corporate seal to be hereunto affixed, duly attested, this
          
      day
      of
                  ,
      20  .

     

    

    
      	
              [NAME
                OF TRANSFEREE]

            
	 	 
	
              By:

            	 
	
              Name:

            	 
	
              Title:

            	 

    

     

    

     

    [Corporate
      Seal]

     

    ATTEST:

     

    

    
      	 
	
              [Assistant]
                Secretary

            

    

     

    Personally
      appeared before me the above-named __________, known or proved to me to be
      the
      same person who executed the foregoing instrument and to be the ___________
      of
      the Transferee, and acknowledged that he executed the same as his free act
      and
      deed and the free act and deed of the Transferee.

     

    Subscribed
      and sworn before me this     
      day
      of
        
      ,
      20  .

     

    

    
      	 	 
	 	
              NOTARY
                PUBLIC

               

              My
                Commission expires the __ day of
                _________, 20__

            

    

     

    

     

    

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    

     

     

     

    EXHIBIT
      L

     

    FORM
      OF
      TRANSFEROR CERTIFICATE

     

    [DATE]

     

    Financial
      Asset Securities Corp.

    600
      Steamboat Road

    Greenwich,
      Connecticut 06830

     

    
      	
              Re:

            	
              First
                Franklin Mortgage Loan Trust 2006-FF16, Asset-Backed
                Certificates Series 2006-FF16

            

    

    Ladies
      and Gentlemen:

     

    In
      connection with our disposition of the above Certificates we certify that (a)
      we
      understand that the Certificates have not been registered under the Securities
      Act of 1933, as amended (the “Act”), and are being disposed by us in a
      transaction that is exempt from the registration requirements of the Act, (b)
      we
      have not offered or sold any Certificates to, or solicited offers to buy any
      Certificates from, any person, or otherwise approached or negotiated with any
      person with respect thereto, in a manner that would be deemed, or taken any
      other action which would result in, a violation of Section 5 of the Act, (c)
      to
      the extent we are disposing of a Class [ ] Certificate, we have no knowledge
      the
      Transferee is not a Permitted Transferee and (d) no purpose of the proposed
      disposition of a Class [ ] Certificate is to impede the assessment or collection
      of tax.

     

    
      	
              Very
                truly yours,

               

            
	
              TRANSFEROR

            
	 	 
	
              By:

            	 
	
              Name:

            	 
	
              Title:

            	 

    

    

     

    

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    

    EXHIBIT
      M

     

    FORM
      OF
      ERISA REPRESENTATION LETTER

     

    _____________,
      20__

     

    

    
      	
              Financial
                Asset Securities Corp.

              600
                Steamboat Road

              Greenwich,
                Connecticut 06830

            	
              Deutsche
                Bank National Trust Company

              1761
                East St. Andrew Place

              Santa
                Ana, California 92705-4934

            

    

    

    
      	
              Re:

            	
              First
                Franklin Mortgage Loan Trust 2006-FF16, Asset-Backed
                Certificates Series 2006-FF16

            

    

    Dear
      Sirs:

     

    _______________________
      (the “Transferee”) intends to acquire from _____________________ (the
“Transferor”) $____________ Initial Certificate Principal Balance First Franklin
      Mortgage Loan Trust 2006-FF16, Asset-Backed Certificates Series 2006-FF16,
      Class
      [C][P][R[-X]] (the “Certificates”), issued pursuant to a Pooling and Servicing
      Agreement (the “Pooling and Servicing Agreement”) dated as of November 1, 2006
      among Financial Asset Securities Corp. as depositor (the “Depositor”), National
      City Home Loan Sevices, Inc. as servicer (the “Servicer”) and Deutsche Bank
      National Trust Company as trustee (the “Trustee”). Capitalized terms used herein
      and not otherwise defined shall have the meanings assigned thereto in the
      Pooling and Servicing Agreement. The Transferee hereby certifies, represents
      and
      warrants to, and covenants with the Depositor, the Trustee and the Servicer
      the
      following:

     

    The
      Certificates (i) are not being acquired by, and will not be transferred to,
      any
      employee benefit plan within the meaning of section 3(3) of the Employee
      Retirement Income Security Act of 1974, as amended (“ERISA”), or other
      retirement arrangement, including individual retirement accounts and annuities,
      Keogh plans and bank collective investment funds and insurance company general
      or separate accounts in which such plans, accounts or arrangements are invested,
      that is subject to Section 406 of ERISA or Section 4975 of the Internal Revenue
      Code of 1986 (the “Code”) (any of the foregoing, a “Plan”), (ii) are not being
      acquired with “plan assets” of a Plan within the meaning of the Department of
      Labor (“DOL”) regulation, 29 C.F.R. §2510.3-101, and (iii) will not be
      transferred to any entity that is deemed to be investing in plan assets within
      the meaning of the DOL regulation at 29 C.F.R.§ 2510.3-101.

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    

     

    
      	
              Very
                truly yours,

               

            
	
              [Transferee]

            
	 	 
	
              By:

            	 
	
              Name:

            	 
	
              Title:

            	 

    

    

     

    

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    EXHIBIT
      N-1

     

    FORM
      CERTIFICATION TO BE PROVIDED BY THE DEPOSITOR WITH FORM 10-K

     

    
      	
              Re:

            	
              First
                Franklin Mortgage Loan Trust 2006-FF16 Asset-Backed
                Certificates, Series 2006-FF16

            

    

     

    I,
      [identify the certifying individual], certify that:

     

    l. I
      have
      reviewed this report on Form 10-K, and all reports on Form 10-D required to
      be
      filed in respect of the period included in the year covered by this report
      in
      Form 10-K of First Franklin Mortgage Loan Trust 2006-FF16 (the “Exchange Act
      periodic reports”);

     

    2. Based
      on
      my knowledge, the Exchange Act periodic reports, taken as a whole, do not
      contain any untrue statement of a material fact or omit to state a material
      fact
      necessary to make the statements made, in light of the circumstances under
      which
      such statements were made, not misleading with respect to the period covered
      by
      this report;

     

    3. Based
      on
      my knowledge, all of the distribution, servicing and other information required
      to be provided under Form 10-D for the period covered by this report is included
      in the Exchange Act periodic reports;

     

    4. Based
      on
      my knowledge and upon the annual compliance statement required in this report
      under Item 1123 of Regulation AB, and except as disclosed in the Exchange Act
      periodic reports, the Servicer has fulfilled each of its obligations under
      the
      pooling and servicing agreement; and

     

    5. All
      of
      the reports on assessment of compliance with servicing criteria for asset-backed
      securities and their related attestation reports on assessment of compliance
      with servicing criteria for asset-backed securities required to be included
      in
      this report in accordance with Item 1122 of Regulation AB and Exchange Act
      Rules
      13a-18 and 15d-18 have been included as an exhibit to this report, except as
      otherwise disclosed in this report. Any material instances of noncompliance
      described in such reports have been disclosed in this report on Form
      10-K.

     

    In
      giving
      the certifications above, I have reasonably relied on information provided
      to me
      by the following unaffiliated parties: National City Home Loan Sevices, Inc.
      and
      Deutsche Bank National Trust Company.

     

    
      	
              FINANCIAL
                ASSET SECURITIES CORP.

            
	 	 
	
              By:

            	 
	
              Name:

            	 
	
              Title:

            	 
	
              Date:

            	 

    

    

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    EXHIBIT
      N-2

     

    FORM
      CERTIFICATION TO BE

     

    PROVIDED
      TO DEPOSITOR BY THE TRUSTEE

     

    
      	
              Re:

            	
              First
                Franklin Mortgage Loan Trust 2006-FF16 (the “Trust”) Asset-Backed
                Certificates, Series 2006-FF16

            

    

     

     

    I,
      [identify the certifying individual], a [title] of Deutsche Bank National Trust
      Company, as Trustee of the Trust, hereby certify to Financial Asset Securities
      Corp. (the “Depositor”), and its officers, directors and affiliates, and with
      the knowledge and intent that they will rely upon this certification,
      that:

     

    1. I
      have
      reviewed the annual report on Form 10-K for the fiscal year [___], and all
      reports on Form 10-D required to be filed in respect of the period covered
      by
      such Form 10-K of the Depositor relating to the above-referenced trust (the
      “Exchange Act periodic reports”)

     

    2. Based
      on
      my knowledge, the information prepared by the Trustee, contained, in these
      distribution reports taken as a whole, do not contain any untrue statement
      of a
      material fact or omit to state a material fact necessary to make the statements
      made, in light of the circumstances under which such statements were made,
      not
      misleading with respect to the period covered by this report;

     

    3. Based
      on
      my knowledge, the distribution information required to be provided by the
      Trustee under the Pooling and Servicing Agreement is included in these
      reports.

     

    Capitalized
      terms used but not defined herein have the meanings ascribed to them in the
      Pooling and Servicing Agreement, dated November 1, 2006 (the “Pooling and
      Servicing Agreement”), among the Depositor as depositor, National City Home Loan
      Sevices, Inc. as servicer and Deutsche Bank National Trust Company as
      trustee.

     

    
      	
              DEUTSCHE
                BANK NATIONAL TRUST COMPANY, as Trustee

            
	 	 
	
              By:

            	 
	
              Name:

            	 
	
              Title:

            	 
	
              Date:

            	 

    

    

     

    

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    

    EXHIBIT
      N-3

     

    FORM
      CERTIFICATION TO BE

    PROVIDED
      TO DEPOSITOR BY THE SERVICER

     

    
      	
              Re:

            	
              First
                Franklin Mortgage Loan Trust, Series 2006-FF16 Asset-Backed
                Certificates, Series 2006-FF16

            

    

     

     

    I,
      [identify the certifying individual], certify to Financial Asset Securities
      Corp. (the “Depositor”), the Trustee and their respective officers, directors
      and affiliates, and with the knowledge and intent that they will rely upon
      this
      certification, that:

     

    1.
       Based
      on
      my knowledge, the information in the annual compliance statement, the Annual
      Independent Public Accountant's Servicing Report and all servicing reports,
      officer's certificates and other information relating to the servicing of the
      Mortgage Loans taken as a whole, does not contain any untrue statement of a
      material fact or omit to state a material fact necessary to make the statements
      made, in light of the circumstances under which such statements were made,
      not
      misleading as of the date of this certification;

     

    2. The
      servicing information required to be provided by the Servicer under the Pooling
      and Servicing Agreement has been provided to the Depositor and the
      Trustee;

     

    3. I
      am is
      responsible for reviewing the activities performed by the Servicer under the
      Pooling and Servicing Agreement and based upon the review required by the
      Pooling and Servicing Agreement, and except as disclosed in the annual
      compliance statement or the Annual Independent Public Accountant's Servicing
      Report, the Servicer has, as of the date of this certification fulfilled its
      obligations under the Pooling and Servicing Agreement; and

     

    4. Such
      officer has disclosed to the Depositor and the Trustee all significant
      deficiencies relating to the Servicer’s compliance with the minimum servicing
      standards in accordance with a review conducted in compliance with the Uniform
      Single Attestation Program for Mortgage Bankers or similar standard as set
      forth
      in the Pooling and Servicing Agreement.

     

    5. All
      of
      the reports on assessment of compliance with servicing criteria for asset-backed
      securities and their related attestation reports on assessment of compliance
      with servicing criteria for asset-backed securities required to be included
      in
      this report in accordance with Item 1122 of Regulation AB and Exchange Act
      Rules
      13a-18 and 15d-18 have been included as an exhibit to this report, except as
      otherwise disclosed in this report. Any material instances of noncompliance
      described in such reports have been disclosed in this report on Form
      10-K.

     

    Capitalized
      terms used but not defined herein have the meanings ascribed to them in
      the

    Pooling
      and Servicing Agreement, dated November 1, 2006 (the “Pooling and Servicing
      Agreement”), among the Depositor, National City Home Loan Sevices, Inc. as
      servicer and Deutsche Bank National Trust Company as trustee.

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    

     

    
      	
              NATIONAL
                CITY HOME LOAN SERVICES, INC. 

            
	 	 
	
              By:

            	 
	
              Name:

            	 
	
              Title:

            	 
	
              Date:

            	 

    

    

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    

    EXHIBIT
      O-1

     

    FORM
      OF
      BASIS RISK CAP AGREEMENT

     

     

    
      

        
          	
                  

                
	
                  HSBC
                    Bank USA, National Association

                  452
                    Fifth Avenue

                  New
                    York, NY 10018

                  Fax:
                    (212) 525-5517

                
	 	 	 
	
                  DATE:

                	 	
                  November
                    30, 2006

                
	 	 	 
	
                  TO:

                	 	
                  Deutsche
                    Bank National Trust Company, not individually but solely in its
                    capacity
                    as Trustee on behalf of the trust with respect to the First Franklin
                    Mortgage Loan Trust 2006-FF16, Asset-Backed Certificates, Series
                    2006-FF16

                
	
                  ATTENTION:

                	 	
                  First
                    Franklin 2006-FF16 (GC06ZA) c/o

                
	
                   

                	 	
                  Deutsche
                    Bank National Trust Company as Trustee

                
	
                   

                	 	
                  1761
                    East St. Andrew Place

                
	
                	 	
                  Santa
                    Ana, CA 92705

                
	
                  TELEPHONE:

                	 	
                  (714)
                    247-6282

                
	
                  FACSIMILE:

                	 	
                  (714)
                    247-6285

                
	 	 	 
	
                  FROM:

                	 	
                  HSBC
                    Bank USA, National Association

                
	
                  FACSIMILE: 

                	 	
                  212-525-5517

                
	 	 	 
	
                  SUBJECT:

                	 	
                  Fixed
                    Income Derivatives Confirmation 

                
	 	 	 
	
                  REFERENCE
                    NUMBER:

                	 	
                  412205HN/412206HN

                

        

      The
        purpose of this long-form confirmation (“Confirmation”)
        is to
        confirm the terms and conditions of the current Transaction entered into
        on the
        Trade Date specified below (the “Transaction”)
        between
        HSBC Bank USA, National Association (“Party
        A”) and
        Deutsche Bank National Trust Company, not individually, but solely as trustee
        (the “Trustee”) on behalf of the trust with respect to the First
        Franklin Mortgage Loan Trust 2006 FF16 (the
        “Trust”) (“Party
        B”)
        created
        under the Pooling and Servicing Agreement, dated as of November 1, 2006,
        among
        Financial Asset Securities Corp., as Depositor, National City Home Loan
        Services, Inc., as Servicer and Deutsche Bank National Trust Company, as
        Trustee (the
        “Pooling
        and Servicing Agreement”).
        This
        Confirmation evidences a complete and binding agreement between you and us
        to
        enter into the Transaction on the terms set forth below and replaces any
        previous agreement between us with respect to the subject matter hereof.
        This
        Confirmation constitutes a “Confirmation”
        and also
        constitutes a “Schedule”
        as
        referred to in the ISDA Master Agreement, and Paragraph 13 of a Credit Support
        Annex to the Schedule. 

      

        
          	
                  1.

                	
                  
                    This
                      Confirmation shall supplement, form a part of, and be subject
                      to an
                      agreement in the form of the ISDA Master Agreement (Multicurrency
                      - Cross
                      Border) as published and copyrighted in 1992 by the International
                      Swaps
                      and Derivatives Association, Inc. (the “ISDA
                      Master Agreement”),
                      as if Party A and Party B had executed an agreement in such
                      form on the
                      date hereof, with a Schedule as set forth in Item 3 of this
                      Confirmation,
                      and an ISDA Credit Support Annex (Bilateral Form - ISDA Agreements
                      Subject
                      to New York Law Only version) as published and copyrighted
                      in 1994 by the
                      International Swaps and Derivatives Association, Inc., with
                      Paragraph 13
                      thereof as set forth in Annex A hereto (the “Credit
                      Support Annex”).
                      For the avoidance of doubt, the Transaction described herein
                      shall be the
                      sole Transaction governed by such ISDA Master Agreement. In
                      the event of
                      any inconsistency among any of the following documents, the
                      relevant
                      document first listed shall govern: (i) this Confirmation,
                      exclusive of
                      the provisions set forth in Item 3 hereof and Annex A hereto;
                      (ii) the
                      provisions set forth in Item 3 hereof, which are incorporated
                      by reference
                      into the Schedule; (iii) the Credit Support Annex; (iv) the
                      Definitions;
                      and (v) the ISDA Master
                      Agreement.

                  

                

        

         

      

      Each
        reference herein to a “Section” (unless specifically referencing the Pooling and
        Servicing Agreement) or to a “Section” “of this Agreement” will be construed as
        a reference to a Section of the ISDA Master Agreement; each herein reference
        to
        a “Part” will be construed as a reference to the provisions herein deemed
        incorporated in a Schedule to the ISDA Master Agreement; each reference herein
        to a “Paragraph” will be construed as a reference to a Paragraph of the Credit
        Support Annex.

      
        
          
          

        

        
          
          

          
            

          

        

        
          
          

        

      

      
        	
                2.

              	
                The
                  terms of the particular Transaction to which this Confirmation
                  relates are
                  as follows:

              

      

       

      
        
          	 	
                  Type
                    of Transaction:

                	
                  Interest
                    Rate Cap

                
	 	 	 	 
	 	
                  Notional
                    Amount:

                	
                  With
                    respect to any Calculation Period, the lesser of (i) the amount
                    set forth
                    for such period on Schedule I attached hereto, and (ii) the aggregate
                    Certificate Principal Balance of the Floating Rate Certificates
                    immediately preceding the Distribution Date which occurs in the
                    calendar
                    month of the Floating Rate Payer Payment Date for such Calculation
                    Period
                    (determined for this purpose without regard to any adjustment
                    of the
                    Floating Rate Payer Payment Date or Distribution Date relating
                    to business
                    days).

                
	 	 	 	 
	 	
                  Trade
                    Date:

                	
                  November
                    9, 2006

                
	 	 	 	 
	 	
                  Effective
                    Date:

                	
                  November
                    30, 2006

                
	 	 	 	 
	 	
                  Termination
                    Date:

                	
                  August
                    25, 2007, subject to adjustment in accordance with the Business
                    Day
                    Convention.

                
	 	
                  Fixed
                    Amount:

                	 
	 	 	 	 
	 	 	
                  Fixed
                    Amount Payer:

                	
                  Party
                    B

                
	 	 	 	 
	 	 	
                  Fixed
                    Amount Payer

                	 
	 	 	
                  Payment
                    Date:

                	
                  November
                    30, 2006

                
	 	 	 	 
	 	 	
                  Fixed
                    Amount:

                	
                  USD
                    5,000.00

                
	 	 	 	 
	 	
                  Party
                    A Floating Amounts:

                	 
	 	 	 	 
	 	 	
                  Floating
                    Rate Payer

                	 
	 	 	
                  Period
                    End Dates:

                	
                  The
                    25th
                    calendar day of each month during the Term of this Transaction,
                    commencing
                    December 25, 2006, and ending on the Termination Date, subject
                    to
                    adjustment in accordance with the Business Day
                    Convention.

                
	 	 	 	 
	 	 	
                  Floating
                    Rate Payer 

                	
                   

                
	 	 	
                  Payment
                    Dates:

                	
                  Early
                    Payment - One Business Day preceding the 25th
                    calendar day of each month during the Term of this Transaction,
                    commencing
                    December 25, 2006, and ending on the Termination Date, subject
                    to
                    adjustment in accordance with the Business Day
                    Convention

                
	 	 	 	
                   

                
	 	 	
                  Cap
                    Rate:

                	
                  With
                    respect to any Calculation Period, the rate set forth for such
                    period on
                    Schedule I attached hereto 

                
	 	 	 	
                   

                
	 	 	
                  Floating
                    Rate Option:

                	
                  USD-LIBOR-BBA;
                    provided, however, that if the Floating Rate Option for any Calculation
                    Period is greater than 10.500%, then the Floating Rate Option
                    for such
                    Calculation Period shall be deemed to be 10.500%.

                
	 	 	 	
                   

                
	 	 	
                  Designated
                    Maturity:

                	
                  One
                    month 

                
	 	 	 	
                   

                
	 	 	
                  Floating
                    Rate Day 

                	
                   

                
	 	 	
                  Count
                    Fraction:

                	
                  Actual/360

                
	 	 	 	
                   

                
	 	 	
                  Reset
                    Dates:

                	
                  The
                    first day of each Calculation Period.

                
	 	 	 	 
	 	 	
                  Compounding:

                	
                  Inapplicable

                
	 	 	 	 
	 	 	
                  Business
                    Days:

                	
                  New
                    York

                
	 	 	 	 
	 	 	
                  Business
                    Day Convention:

                	
                  Following

                
	 	 	 	 
	 	 	
                  Calculation
                    Agent:

                	
                  Party
                    A

                

        

      

      
        
          
          

        

        
          
          

          
            

          

        

        
          
          

        

      

      
        	
                3.

              	
                Provisions
                  Deemed Incorporated in a Schedule to the ISDA Master
                  Agreement:

              

      

      

      
        	
                Part
                  1.

              	
                Termination
                  Provisions.

              

      

      

      For
        the
        purposes of this Agreement:-

      

      (a) “Specified
        Entity”
        will not
        apply to Party A or Party B for any purpose. 

      

      
        	
                (b)

              	
                “Specified
                  Transaction”
                  will have the meaning specified in Section
                  14.

              

      

      

      
        	
                (c)

              	
                Events
                  of Default.

              

      

      

      The
        statement below that an Event of Default will apply to a specific party means
        that upon the occurrence of such an Event of Default with respect to such
        party,
        the other party shall have the rights of a Non-defaulting Party under Section
        6
        of this Agreement; conversely, the statement below that such event will not
        apply to a specific party means that the other party shall not have such
        rights.

      

      
        	(i)  	
                The
                  “Failure
                  to Pay or Deliver”
                  provisions of Section 5(a)(i) will apply to Party A and will apply
                  to
                  Party B; provided, however, that Section 5(a)(i) is hereby amended
                  by
                  replacing the word “third” with the word “first”; provided, further, that
                  notwithstanding anything to the contrary in Section 5(a)(i), any
                  failure
                  by Party A to comply with or perform any obligation to be complied
                  with or
                  performed by Party A under the Credit Support Annex shall not constitute
                  an Event of Default under Section 5(a)(i) unless (A) a Required
                  Ratings
                  Downgrade Event has occurred and been continuing for 30 or more
                  Local
                  Business Days, and (B) such failure is not remedied on or before
                  the third
                  Local Business Day after notice of such failure is given to Party
                  A.

              

      

      

      
        	(ii)  	
                The
                  “Breach
                  of Agreement”
                  provisions of Section 5(a)(ii) will not apply to Party A and will
                  not
                  apply to Party B.

              

      

      

      
        	(iii)  	
                The
                  “Credit
                  Support Default”
                  provisions of Section 5(a)(iii) will apply to Party A and will
                  not apply
                  to Party B except that Section 5(a)(iii)(1) will apply to Party
                  B solely
                  in respect of Party B’s obligations under Paragraph 3(b) of the Credit
                  Support Annex; provided, however, that notwithstanding anything
                  to the
                  contrary in Section 5(a)(iii)(1), any failure by Party A to comply
                  with or
                  perform any obligation to be complied with or performed by Party
                  A under
                  the Credit Support Annex shall not constitute an Event of Default
                  under
                  Section 5(a)(iii) unless (A) a
                  Required Ratings Downgrade Event has occurred and been continuing
                  for 30
                  or more Local Business Days,
                  and (B) such failure is not remedied on or before the third Local
                  Business
                  Day after notice of such failure is given to Party
                  A.

              

      

      

      
        	(iv)  	
                The
                  “Misrepresentation”
                  provisions of Section 5(a)(iv) will not apply to Party A and will
                  not
                  apply to Party B. 

              

      

      

      
        	(v)  	
                The
                  “Default
                  under Specified Transaction”
                  provisions of Section 5(a)(v) will not apply to Party A and will
                  not apply
                  to Party B.

              

      

       

      
        	(vi)  	
                The
                  “Cross
                  Default”
                  provisions of Section 5(a)(vi) will not apply to Party A and will
                  not
                  apply to Party B. 

              

      

       

      
        	(vii)  	
                The
                  “Bankruptcy”
                  provisions of Section 5(a)(vii) will apply to Party A and will
                  apply to
                  Party B except that the provisions of Section 5(a)(vii)(2), (6)
                  (to the
                  extent that such provisions refer to any appointment contemplated
                  or
                  effected by the Pooling and Servicing Agreement or any appointment
                  to
                  which Party B has not become subject), (7) and (9) will not apply
                  to Party
                  B; provided that, with respect to Party B only, Section 5(a)(vii)(4)
                  is
                  hereby amended by adding after the words “against it” the words
                  “(excluding any proceeding or petition instituted or presented by
                  Party A
                  or its Affiliates)”, and Section 5(a)(vii)(8) is hereby amended by
                  deleting the words “to (7) inclusive” and inserting lieu thereof “, (3),
                  (4) as amended, (5), (6) as amended, or
                  (7)”.

              

      

      

      
        	(viii)  	
                The
                  “Merger
                  Without Assumption”
                  provisions of Section 5(a)(viii) will apply to Party A and will
                  not apply
                  to Party B.

              

      

      

      (d) Termination
        Events.

      

      The
        statement below that a Termination Event will apply to a specific party means
        that upon the occurrence of such a Termination Event, if such specific party
        is
        the Affected Party with respect to a Tax Event, the Burdened Party with respect
        to a Tax Event Upon Merger (except as noted below) or the non-Affected Party
        with respect to a Credit Event Upon Merger, as the case may be, such specific
        party shall have the right to designate an Early Termination Date in accordance
        with Section 6 of this Agreement; conversely, the statement below that such
        an
        event will not apply to a specific party means that such party shall not
        have
        such right; provided, however, with respect to “Illegality” the statement that
        such event will apply to a specific party means that upon the occurrence
        of such
        a Termination Event with respect to such party, either party shall have the
        right to designate an Early Termination Date in accordance with Section 6
        of
        this Agreement.

      

      (i)         
         The
        “Illegality”
        provisions of Section 5(b)(i) will apply to Party A and will apply to Party
        B.

      

      
        	 	
                (ii)

              	
                The
                  “Tax
                  Event”
                  provisions of Section 5(b)(ii) will apply to Party A except that,
                  for
                  purposes of the application of Section 5(b)(ii) to Party A, Section
                  5(b)(ii) is hereby amended by deleting the words “(x) any action taken by
                  a taxing authority, or brought in a court of competent jurisdiction,
                  on or
                  after the date on which a Transaction is entered into (regardless
                  of
                  whether such action is taken or brought with respect to a party
                  to this
                  Agreement) or (y)”, and the “Tax
                  Event”
                  provisions of Section 5(b)(ii) will apply to Party B.
                  

              

      

      

      
        	 	
                (iii)

              	
                The
                  “Tax
                  Event Upon Merger”
                  provisions of Section 5(b)(iii) will apply to Party A and will
                  apply to
                  Party B, provided that Party A shall not be entitled to designate
                  an Early
                  Termination Date by reason of a Tax Event upon Merger in respect
                  of which
                  it is the Affected Party.

              

      

      

      
        	 	
                (iv)

              	
                The
                  “Credit
                  Event Upon Merger”
                  provisions of Section 5(b)(iv) will not apply to Party A and will
                  not
                  apply to Party B.

              

      

      

      
        	
                (e)

              	
                The
                  “Automatic
                  Early Termination”
                  provision of Section 6(a) will not apply to Party A and will not
                  apply to
                  Party B.

              

      

      

      (f)         
          Payments
        on Early Termination.
        For the
        purpose of Section 6(e) of this Agreement:

      

      
        	(i)  	
                Market
                  Quotation will apply, provided, however, that, in the event of
                  a
                  Derivative Provider Trigger Event, the following provisions will
                  apply:

              

      

      

      
        	 	
                (A)
                  

              	
                The
                  definition of Market Quotation in Section 14 shall be deleted in
                  its
                  entirety and replaced with the
                  following:

              

      

      

      “Market
        Quotation” means,
        with respect to one or more Terminated Transactions, a Firm Offer which is
        (1)
        made by a Reference Market-maker that is an Eligible Replacement, (2) for
        an
        amount that would be paid to Party B (expressed as a negative number) or
        by
        Party B (expressed as a positive number) in consideration of an agreement
        between Party B and such Reference Market-maker to enter into a Replacement
        Transaction, and (3) made on the basis that Unpaid Amounts in respect of
        the
        Terminated Transaction or group of Transactions are to be excluded but, without
        limitation, any payment or delivery that would, but for the relevant Early
        Termination Date, have been required (assuming satisfaction of each applicable
        condition precedent) after that Early Termination Date is to be included.
        

      

      
        	 	
                (B)

              	
                The
                  definition of Settlement Amount shall be deleted in its entirety
                  and
                  replaced with the following:

              

      

      

      “Settlement
        Amount”
        means,
        with respect to any Early Termination Date, an amount (as determined by Party
        B)
        equal to: 

      

      
        	 	
                (a)

              	
                If
                  a Market Quotation for the relevant Terminated Transaction or group
                  of
                  Terminated Transactions is accepted by Party B so as to become
                  legally
                  binding on or before the day falling ten Local Business Days after
                  the day
                  on which the Early Termination Date is designated, or such later
                  day as
                  Party B may specify in writing to Party A, but in either case no
                  later
                  than one Local Business Day prior to the Early Termination Date
                  (such day,
                  the “Latest Settlement Amount Determination Day”), the Termination
                  Currency Equivalent of the amount (whether positive or negative)
                  of such
                  Market Quotation; 

              

      

      

      
        	 	
                (b)

              	
                If,
                  on the Latest Settlement Amount Determination Day, no Market Quotation
                  for
                  the relevant Terminated Transaction or group of Terminated Transactions
                  has been accepted by Party B so as to become legally binding and
                  one or
                  more Market Quotations from
                  Approved Replacements have
                  been made and remain capable of becoming legally binding upon acceptance,
                  the Settlement Amount shall equal the Termination Currency Equivalent
                  of
                  the amount (whether positive or negative) of the lowest of such
                  Market
                  Quotations (for the avoidance of doubt, the lowest of such Market
                  Quotations shall be the lowest Market Quotation of
                  such Market Quotations
                  expressed as a positive number or, if any of such Market Quotations
                  is
                  expressed as a negative number, the Market Quotation expressed
                  as a
                  negative number with the largest absolute value);
                  or

              

      

      

      
        	 	
                (c)

              	
                If,
                  on the Latest Settlement Amount Determination Day, no Market Quotation
                  for
                  the relevant Terminated Transaction or group of Terminated Transactions
                  is
                  accepted by Party B so as to become legally binding and no Market
                  Quotation from an Approved Replacement remains capable of becoming
                  legally
                  binding upon acceptance, the Settlement Amount shall equal Party
                  B’s Loss
                  (whether positive or negative and without reference to any Unpaid
                  Amounts)
                  for the relevant Terminated Transaction or group of Terminated
                  Transactions.

              

      

      

      
        	 	
                (C)

              	
                If
                  Party B requests Party A in writing to obtain Market Quotations,
                  Party A
                  shall use its reasonable efforts to do so before the Latest Settlement
                  Amount Determination Day.

              

      

      

      
        	 	
                (D)

              	
                If
                  the Settlement Amount is a negative number, Section 6(e)(i)(3)
                  shall be
                  deleted in its entirety and replaced with the
                  following:

              

      

      

      “(3)
        Second
        Method and Market Quotation.
        If the
        Second Method and Market Quotation apply, (I) Party B shall pay to Party
        A an
        amount equal to the absolute value of the Settlement Amount in respect of
        the
        Terminated Transactions, (II) Party B shall pay to Party A the Termination
        Currency Equivalent of the Unpaid Amounts owing to Party A and (III) Party
        A
        shall pay to Party B the Termination Currency Equivalent of the Unpaid Amounts
        owing to Party B; provided, however, that (x) the amounts payable under the
        immediately preceding clauses (II) and (III) shall be subject to netting
        in
        accordance with Section 2(c) of this Agreement and (y) notwithstanding any
        other
        provision of this Agreement, any amount payable by Party A under the immediately
        preceding clause (III) shall not be netted-off against any amount payable
        by
        Party B under the immediately preceding clause (I).”

       

      
        	 	
                (E)

              	
                At
                  any time on or before the Latest Settlement Amount Determination
                  Day at
                  which two or more Market Quotations from Approved Replacements
                  remain
                  capable of becoming legally binding upon acceptance, Party B shall
                  be
                  entitled to accept only the lowest of such Market Quotations (for
                  the
                  avoidance of doubt, the lowest of such Market Quotations shall
                  be the
                  lowest Market Quotation of such Market Quotations expressed as
                  a positive
                  number or, if any of such Market Quotations is expressed as a negative
                  number, the Market Quotation expressed as a negative number with
                  the
                  largest absolute value).

              

      

      

      
        	(ii)  	
                The
                  Second Method will apply.

              

      

      

      (g)         
         “Termination
        Currency”
        means
        USD.

      

      (h)        
          Additional
        Termination Events.
        Additional Termination Events will apply as provided in Part 5(c).

      
        
          
          

        

        
          
          

          
            

          

        

        
          
          

        

      

      Part
        2.  Tax
        Matters.

      

      (a) Tax
        Representations. 

      

      
        	 	
                (i)

              	
                Payer
                  Representations.
                  For the purpose of Section 3(e) of this Agreement:
                  

              

      

       

      (A)        
         Party
        A
        makes the following representation(s):

      

      It
        is not
        required by any applicable law, as modified by the practice of any relevant
        governmental revenue authority, of any Relevant Jurisdiction to make any
        deduction or withholding for or on account of any Tax from any payment (other
        than interest under Section 2(e), 6(d)(ii) or 6(e) of this Agreement) to
        be made
        by it to the other party under this Agreement. In making this representation,
        it
        may rely on: the accuracy of any representations made by the other party
        pursuant to Section 3(f) of this Agreement; (ii) the satisfaction of the
        agreement contained in Section 4(a)(i) or 4(a)(iii) of this Agreement and
        the
        accuracy and effectiveness of any document provided by the other party pursuant
        to Section 4(a)(i) or 4(a)(iii) of this Agreement; and (iii) the satisfaction
        of
        the agreement of the other party contained in Section 4(d) of this Agreement,
        provided that it shall not be a breach of this representation where reliance
        is
        placed on clause (ii) and the other party does not deliver a form or document
        under Section 4(a)(iii) by reason of material prejudice to its legal or
        commercial position.

      
        	 	 	 

      

      (B)        
         Party
        B
        makes the following representation(s):

      

      None.

      

      (ii)
         Payee
        Representations.
        For the
        purpose of Section 3(f) of this Agreement: 

       

      (A)       
         Party
        A
        makes the following representation(s):

      

      Party
        A
        is a national banking association organized under the federal laws of the
        United
        States and its U.S. taxpayer identification number is 20-1177241. 

      
        	 	 	 

      

      (B)          Party
        B
        makes the following representation(s):

      

      None. 

      

      
        	
                (b)

              	
                Tax
                  Provisions.

              

      

      

      
        	 	
                (i)

              	
                Gross
                  Up.
                  Section 2(d)(i)(4) shall not apply to Party B as X, and Section
                  2(d)(ii)
                  shall not apply to Party B as Y, in each case such that Party B
                  shall not
                  be required to pay any additional amounts referred to
                  therein.

              

      

      

      
        	 	
                (ii)

              	
                Indemnifiable
                  Tax.
                  The definition of “Indemnifiable Tax” in Section 14 is deleted in its
                  entirety and replaced with the
                  following:

              

      

      

      “Indemnifiable
        Tax”
        means,
        in relation to payments by Party A, any Tax and, in relation to payments
        by
        Party B, no Tax. 

      
        
          
          

        

        
          
          

          
            

          

        

        
          
          

        

      

      Part
        3.  Agreement
        to Deliver Documents.  

      

      (a) For
        the
        purpose of Section 4(a)(i), tax forms, documents, or certificates to be
        delivered are:

      

      
        	
                Party
                  required to deliver document

              	
                Form/Document/

                Certificate

              	
                Date
                  by which to

                be
                  delivered

              
	 	 	 
	
                Party
                  A

              	
                A
                  correct, complete and duly executed U.S. Internal Revenue Service
                  Form W-9
                  or other applicable form (or successor thereto), together with
                  appropriate
                  attachments, that eliminates U.S. federal withholding and backup
                  withholding Tax on payments to Party A under this
                  Agreement.

              	
                (i)
                  upon execution of this Agreement, (ii) on or before the first payment
                  date
                  under this Agreement, including any Credit Support Document, (iii)
                  promptly upon the reasonable demand by Party B, (iv) prior to the
                  expiration or obsolescence of any previously delivered form, and
                  (v)
                  promptly upon the information on any such previously delivered
                  form
                  becoming inaccurate or incorrect.

              
	 	 	 
	
                Party
                  B

              	
                Party
                  B will deliver at closing a U.S. Internal Revenue Service Form
                  W-9 or
                  other applicable form (or successor thereto) relating to the beneficial
                  owner of payments to Party B under this Agreement, together with
                  appropriate attachments, and may deliver other tax forms relating
                  to the beneficial owner of payments to Party B under this
                  Agreement
                  from time to time.

              	
                (i)
                  upon execution of this Agreement, (ii) on or before the first payment
                  date
                  under this Agreement, including any Credit Support Document, (iii)
                  promptly upon the reasonable demand by Party A, (iv) prior to the
                  expiration or obsolescence of any previously delivered form, and
                  (v)
                  promptly upon the information on any such previously delivered
                  form
                  becoming inaccurate or incorrect.

              

      

      

      

        
          
            
            

          

          
            
            

            
              

            

          

          
            
            

          

        

      (b) For
        the
        purpose of Section 4(a)(ii), other documents to be delivered are:

      

      
        	
                Party
                  required to deliver document

              	
                Form/Document/

                Certificate

              	
                Date
                  by which to

                be
                  delivered

              	
                Covered
                  by Section 3(d) Representation

              
	 	 	 	 
	
                Party
                  A and

                Party
                  B

              	
                Any
                  documents required by the receiving party to evidence the authority
                  of the
                  delivering party or its Credit Support Provider, if any, for it
                  to execute
                  and deliver the Agreement, this Confirmation, and any Credit Support
                  Documents to which it is a party, and to evidence the authority
                  of the
                  delivering party or its Credit Support Provider to perform its
                  obligations
                  under the Agreement, this Confirmation and any Credit Support Document,
                  as
                  the case may be

              	
                Upon
                  the execution and delivery of this Agreement

              	
                Yes

              
	 	 	 	 
	
                Party
                  A and

                Party
                  B

              	
                A
                  certificate of an authorized officer of the party, as to the incumbency
                  and authority of the respective officers of the party signing the
                  Agreement, this Confirmation, and any relevant Credit Support Document,
                  as
                  the case may be

              	
                Upon
                  the execution and delivery of this Agreement

              	
                Yes

              
	 	 	 	 
	
                Party
                  A

              	
                Annual
                  Financial Statements as
                  set forth in Party A’s Call Report
                  containing consolidated financial statements certified by independent
                  certified public accountants and prepared in accordance with generally
                  accepted accounting principles in the country in which Party A
                  is
                  organized

              	
                Promptly
                  upon request made by Party B

              	
                Yes

              
	 	 	 	 
	
                Party
                  A

              	
                Quarterly
                  Financial Statements as set forth in Party A’s Call Report containing
                  unaudited, consolidated financial statements of Party A’s fiscal quarter
                  prepared in accordance with generally accepted accounting principles
                  in
                  the country in which Party A is organized

              	
                Promptly
                  upon request made by Party B

              	
                Yes

              
	 	 	 	 
	
                Party
                  A

              	
                An
                  opinion of counsel to Party A satisfactory in form and substance
                  to Party
                  B

              	
                Upon
                  the execution and delivery of this Agreement

              	
                No

              

      

      

      Part
        4. Miscellaneous. 

      

      
        	
                (a)

              	
                Address
                  for Notices:
                  For the purposes of Section 12(a) of this
                  Agreement:

              

      

      

      Address
        for notices or communications to Party A:

      

      Address:                452
        Fifth
        Avenue, New York, NY 10018

      Attention:  Christian
        McGreevy

      Facsimile:  212-525-8710

      Telephone:            212-525-5517

      

       

      Please
        direct all settlement inquiries to:

      

      HSBC
        Bank
        USA, National Association

      Derivative
        Settlements

      
        	 	
                Attention:   
                  

              	
                Jeffrey
                  Lombino

              

      

      
        	 	
                Telephone: 

              	
                (212)
                  525-5393

              

      

      Fax:  (212)
        525-6903

      

      (For
        all
        purposes)

      

      Address
        for notices or communications to Party B:

      

      Attention:           
         First
        Franklin 2006-FF16 (GC06ZA) c/o

      Deutsche
        Bank National Trust Company as Trustee

      1761
        East
        St. Andrew Place

      Santa
        Ana, CA 92705

      Telephone:         
         (714)
        247-6282

      Facsimile:           
         (714)
        247-6285

       

      (For
        all
        purposes)

      

      (b)        
         Process
        Agent.
        For the
        purpose of Section 13(c):

      

      Party
        A
        appoints as its Process Agent: Not applicable.

      

      Party
        B
        appoints as its Process Agent: Not applicable.

      

      
        	
                (c)

              	
                Offices.
                  The provisions of Section 10(a) will apply to this Agreement; neither
                  Party A nor Party B has any Offices other than as set forth in
                  the Notices
                  Section and Party A agrees that, for purposes of Section 6(b) of
                  this
                  Agreement, it shall not in the future have any Office other than
                  one in
                  the United States.

              

      

      

      
        	
                (d)

              	
                Multibranch
                  Party.
                  For the purpose of Section 10(c) of this
                  Agreement:

              

      

      

      Party
        A
        is not a Multibranch Party.

      

      
        	 	
                Party
                  B is not a Multibranch Party.

              

      

      

      
        	
                (e)

              	
                Calculation
                  Agent.
                  The Calculation Agent is Party A; provided, however, that if an
                  Event of
                  Default shall have occurred with respect to Party A, Party B shall
                  have
                  the right to appoint as Calculation Agent a third party, reasonably
                  acceptable to Party A, the cost for which shall be borne by Party
                  A.

              

      

      

      (f)         
         Credit
        Support Document. 

       

      
        	 	
                Party
                  A:

              	
                The
                  Credit Support Annex, and any guarantee in support of Party A’s
                  obligations under this Agreement.

              

      

      

      Party
        B: The
        Credit Support Annex, solely in respect of Party B’s obligations under Paragraph
        3(b) of the Credit Support Annex.

      

      
        	
                (g)

              	
                Credit
                  Support Provider.

              

      

      

      Party
        A: The
        guarantor under any guarantee in support of Party A’s obligations under this
        Agreement.

      

      Party
        B: None.

      

      
        	
                (h)

              	
                Governing
                  Law.
                  The parties to this Agreement hereby agree that the law of the
                  State of
                  New York shall govern their rights and duties in whole, without
                  regard to
                  the conflict of law provisions thereof other than New York General
                  Obligations Law Sections 5-1401 and 5-1402.

              

      

      

      
        	
                (i)

              	
                Netting
                  of Payments.
                  The parties agree that subparagraph (ii) of Section 2(c) will apply
                  to
                  each Transaction hereunder. 

              

      

      

      
        	
                (j)

              	
                Affiliate.“Affiliate”
                  shall have the meaning assigned thereto in Section 14; provided,
                  however,
                  that Party A and Party B shall be deemed to have no Affiliates
                  for
                  purposes of this Agreement, including for purposes of Section
                  6(b)(ii).

              

      

      Part
        5.  Others
        Provisions.

      

      
        	
                (a)

              	
                Definitions.
                  Unless
                  otherwise specified in a Confirmation, this Agreement and each
                  Transaction
                  under this Agreement are subject to the 2000 ISDA Definitions as
                  published
                  and copyrighted in 2000 by the International Swaps and Derivatives
                  Association, Inc. (the “Definitions”),
                  and will be governed in all relevant respects by the provisions
                  set forth
                  in the Definitions, without regard to any amendment to the Definitions
                  subsequent to the date hereof. The provisions of the Definitions
                  are
                  hereby incorporated by reference in and shall be deemed a part
                  of this
                  Agreement, except that (i) references in the Definitions to a “Swap
                  Transaction” shall be deemed references to a “Transaction” for purposes of
                  this Agreement, and (ii) references to a “Transaction” in this Agreement
                  shall be deemed references to a “Swap Transaction” for purposes of the
                  Definitions. Each term capitalized but not defined in this Agreement
                  shall
                  have the meaning assigned thereto in the Pooling and Servicing
                  Agreement.

              

      

       

      (b)        
         Amendments
        to ISDA Master Agreement.

      

      
        	 	
                (i)

              	
                Single
                  Agreement.
                  Section 1(c) is hereby amended by the adding the words “including, for the
                  avoidance of doubt, the Credit Support Annex” after the words “Master
                  Agreement”. 

              

      

      

      (ii)         
         Conditions
        Precedent. Section
        2(a)(iii) is hereby amended by adding the following at the end thereof:

      

      Notwithstanding
        anything to the contrary in Section 2(a)(iii)(1), if an Event of Default
        with
        respect to Party B or Potential Event of Default with respect to Party B
        has
        occurred and been continuing for more than 30 Local Business Days and no
        Early
        Termination Date in respect of the Affected Transactions has occurred or
        been
        effectively designated by Party A, the obligations of Party A under Section
        2(a)(i) shall cease to be subject to the condition precedent set forth in
        Section 2(a)(iii)(1) with respect to such specific occurrence of such Event
        of
        Default or such Potential Event of Default (the “Specific
        Event”);
        provided, however, for the avoidance of doubt, the obligations of Party A
        under
        Section 2(a)(i) shall be subject to the condition precedent set forth in
        Section
        2(a)(iii)(1) (subject to the foregoing) with respect to any subsequent
        occurrence of the same Event of Default with respect to Party B or Potential
        Event of Default with respect to Party B after the Specific Event has ceased
        to
        be continuing and with respect to any occurrence of any other Event of Default
        with respect to Party B or Potential Event of Default with respect to Party
        B
        that occurs subsequent to the Specific Event. 

      

      
        	 	
                (iii)

              	
                Change
                  of Account.
                  Section 2(b) is hereby amended by the addition of the following
                  after the
                  word “delivery” in the first line
                  thereof:

              

      

       

      “to
        another account in the same legal and tax jurisdiction as the original
        account”.

      

      
        	 	
                (iv)

              	
                Representations.
                  Section 3 is hereby amended by adding at the end thereof the following
                  subsection (g): 

              

      

      

      
        	 	
                “(g)

              	
                Relationship
                  Between Parties. 

              

      

      

      
        	 	
                (1)

              	
                Nonreliance.
                  (i) It is not relying on any statement or representation of the
                  other
                  party regarding the Transaction (whether written or oral), other
                  than the
                  representations expressly made in this Agreement or the Confirmation
                  in
                  respect of that Transaction and (ii) it has consulted with its
                  own legal,
                  regulatory, tax, business, investment, financial and accounting
                  advisors
                  to the extent it has deemed necessary, and it has made its own
                  investment,
                  hedging and trading decisions based upon its own judgment and upon
                  any
                  advice from such advisors as it has deemed necessary and not upon
                  any view
                  expressed by the other party.

              

      

       

      
        	 	
                (2)

              	
                Evaluation
                  and Understanding. (i) It has the capacity to evaluate (internally
                  or
                  through independent professional advice) the Transaction and has
                  made its
                  own decision subject to Section 6(n) of this Agreement to enter
                  into the
                  Transaction and (ii) It understands the terms, conditions and risks
                  of the
                  Transaction and is willing and able to accept those terms and conditions
                  and to assume those risks, financially and otherwise.
                  

              

      

      

      
        	 	
                (3)

              	
                Purpose.
                  It is entering into the Transaction for the purposes of managing
                  its
                  borrowings or investments, hedging its underlying assets or liabilities
                  or
                  in connection with a line of business.

              

      

      

      
        	 	
                (4)

              	
                Status
                  of Parties. The other party is not acting as an agent, fiduciary
                  or
                  advisor for it in respect of the Transaction.

              

      

      

      
        	 	
                (5)

              	
                Eligible
                  Contract Participant. It is an “eligible swap participant” as such term is
                  defined in, Section 35.1(b)(2) of the regulations (17 C.F.R. 35)
                  promulgated under, and an “eligible contract participant” as defined in
                  Section 1(a)(12) of the Commodity Exchange Act, as
                  amended.”

              

      

      

      
        	 	
                (v)

              	
                Transfer
                  to Avoid Termination Event.
                  Section 6(b)(ii) is hereby amended by (i) deleting the words “or if a Tax
                  Event Upon Merger occurs and the Burdened Party is the Affected
                  Party,”
                  and (ii) by deleting the words “to transfer” and inserting the words “to
                  effect a Permitted Transfer” in lieu
                  thereof.

              

      

      

      
        	 	
                (vi)

              	
                Jurisdiction.
                  Section
                  13(b) is hereby amended by: (i) deleting in the second line of
                  subparagraph (i) thereof the word "non-", (ii) deleting “; and” from the
                  end of subparagraph 1 and inserting “.” in lieu thereof, and (iii)
                  deleting the final paragraph
                  thereof.

              

      

      

      
        	 	
                (vii)

              	
                Local
                  Business Day.
                  The definition of Local Business Day in Section 14 is hereby amended
                  by
                  the addition of the words “or any Credit Support Document” after “Section
                  2(a)(i)” and the addition of the words “or Credit Support Document” after
                  “Confirmation”. 

              

      

      

      
        	
                (c)

              	
                Additional
                  Termination Events.
                  The following Additional Termination Events will
                  apply:

              

      

      

      
        	(i)  	
                First
                  Rating Trigger Collateral.
                  If
                  (A) it is not the case that a Moody’s Second Trigger Ratings Event has
                  occurred and been continuing for 30 or more Local Business Days
                  and (B)
                  Party
                  A has failed to comply with or perform any obligation to be complied
                  with
                  or performed by Party A in accordance with the Credit Support Annex,
                  then
                  an Additional Termination Event shall have occurred with respect
                  to Party
                  A and Party A shall be the sole Affected Party with respect to
                  such
                  Additional Termination Event. 

              

      

      

      
        	(ii)  	
                Second
                  Rating Trigger Replacement.
                  If
                  (A) a Required Ratings Downgrade Event has occurred and been continuing
                  for 30 or more Local Business Days and (B) (i) at least one Eligible
                  Replacement has made a Firm Offer to be the transferee of all of
                  Party A’s
                  rights and obligations under this Agreement (and such Firm Offer
                  remains
                  an offer that will become legally binding upon such Eligible Replacement
                  upon acceptance by the offeree) and/or (ii) an Eligible Guarantor
                  has made
                  a Firm Offer to provide an Eligible Guarantee (and such Firm Offer
                  remains
                  an offer that will become legally binding upon such Eligible Guarantor
                  immediately upon acceptance by the offeree), then an Additional
                  Termination Event shall have occurred with respect to Party A and
                  Party A
                  shall be the sole Affected Party with respect to such Additional
                  Termination Event. 

              

      

      

      
        	 	
                (iii)

              	
                [Reserved]
                  

              

      

      

      
        	 	
                (iv)

              	
                Regulation
                  AB. If,
                  upon the occurrence of a Swap Disclosure Event (as defined in Part
                  5(e)
                  below) Party A has not, within five (5) Business Days after such
                  Swap
                  Disclosure Event (without giving effect to any grace period otherwise
                  provided herein or otherwise) complied with any of the provisions
                  set
                  forth in Part 5(e)(iii) below, then an Additional Termination Event
                  shall
                  have occurred with respect to Party A and Party A shall be the
                  sole
                  Affected Party with respect to such Additional Termination
                  Event.

              

      

      

      
        	 	
                (v)

              	
                Optional
                  Termination of Securitization.
                  An
                  Additional Termination Event shall occur upon the notice to
                  Certificateholders of an Optional Termination becoming unrescindable
                  in
                  accordance with Article X of the Pooling and Servicing Agreement.
                  Party B
                  shall be the sole Affected Party with respect to such Additional
                  Termination Event; provided, however, that notwithstanding anything
                  to the
                  contrary in Section 6(b)(iv), only Party B may designate an Early
                  Termination Date in respect of this Additional Termination Event.
                  

              

      

      

      
        	
                (d)

              	
                Required
                  Ratings Downgrade Event.
                  In
                  the event that no Relevant Entity has credit ratings at least equal
                  to the
                  Required Ratings Threshold (such event, a “Required
                  Ratings Downgrade Event”),
                  then Party A shall, as soon as reasonably practicable and so long
                  as a
                  Required Ratings Downgrade Event is in effect, at its own expense,
                  using
                  commercially reasonable efforts, procure either (A) a Permitted
                  Transfer
                  or (B) an Eligible Guarantee from an Eligible Guarantor.
                  

              

      

      

      (e)
         Compliance
        with Regulation AB.  

      

      (i) It
        shall
        be a swap disclosure event (“Swap Disclosure Event”) if, at any time after the
        date hereof while the Depositor has reporting obligations with respect to
        this
        Transaction pursuant to Regulation AB, the Depositor or Greenwich Capital
        Financial Products, Inc. (the “Sponsor”) notifies Party A that the aggregate
“significance percentage” (calculated in accordance with the provisions of Item
        1115 of Regulation AB) of all derivative instruments provided by Party A and any
        of its affiliates to Party B (collectively, the “Aggregate Significance
        Percentage”) is 10% or more.

       

      (ii) Upon
        the
        occurrence of a Swap Disclosure Event while the Depositor has reporting
        obligations with respect to this Transaction pursuant to Regulation AB, Party
        A,
        at its own cost and expense (and without any expense or liability to the
        Depositor, the Sponsor, the Underwriters, the Depositor, the Trustee or the
        Issuing Entity), shall take one of the following actions:

       

      (a) provide
        to the Sponsor and the Depositor: (i) if the Aggregate Significance Percentage
        is 10% or more, but less than 20%, either, at the sole discretion of Party
        A,
        the information required under Item 1115(b)(1) or Item 1115(b)(2) of Regulation
        AB or (ii) if the Aggregate Significance Percentage is 20% or more, within
        five
        (5) Business Days, the information required under Item 1115(b)(2) of Regulation
        AB; or

       

      (b) assign
        its rights and delegate its obligations under the Transaction to a counterparty
        with the Approved Ratings Thresholds, that (x) provides the information
        specified in clause (a) above to the Depositor and Sponsor and (y) enters
        into
        documentation substantially similar to the documentation then in place between
        Party A and Party B

       

      (iii)
        For
        so long as the Aggregate Significance Percentage is 10% or more the Depositor
        has reporting obligations with respect to this Transaction, Party A shall
        provide any updates to the information provided pursuant to clause (ii)(a)
        above
        to the Sponsor and the Depositor within five (5) Business Days following
        the
        availability thereof (but in no event more than 45 days after the end of
        each of
        Party A’s fiscal quarter for any quarterly update, and in no event more than 90
        days after the end of Party A’s fiscal year for any annual update).

       

      (iv) All
        information provided pursuant to clause (ii) shall be in a form suitable
        for
        conversion to the format required for filing by the Depositor with the
        Commission via the Electronic Data Gathering and Retrieval System (EDGAR).
        The
        parties hereto acknowledge that electronic files in Adobe Acrobat format
        will be
        deemed to satisfy the requirements of this Part 5(e)(iv). In addition, any
        such
        information, if audited, shall be accompanied by any necessary auditor’s
        consents or, if such information is unaudited, shall be accompanied by an
        appropriate agreed-upon procedures letter from Party A’s accountants. If
        permitted by Regulation AB, any such information may be provided by reference
        to
        or incorporation by reference from reports filed pursuant to the Exchange
        Act.

      

      (v) Each
        of
        the Depositor and Sponsor shall be an express third party beneficiary of
        this
        Agreement as if a party hereto to the extent of Depositor’s and Sponsor’s rights
        explicitly specified herein.

      

      
        	
                (f)

              	
                Transfers. 

              

      

       

      (i) Section
        7
        is hereby amended to read in its entirety as follows:

       

      “Subject
        to Section 6(b)(ii), Part 5(d), and Part 5(e), neither Party A nor Party
        B is
        permitted to assign, novate or transfer (whether by way of security or
        otherwise) as a whole or in part any of its rights, obligations or interests
        under the Agreement or any Transaction without (a) the prior written consent
        of
        the other party and (b) prior written notice to the Cap Rating Agencies.”

       

      
        	 	
                (ii)

              	
                If
                  an Eligible Replacement has made a Firm Offer (which remains an
                  offer that
                  will become legally binding upon acceptance by Party B) to be the
                  transferee pursuant to a Permitted Transfer, Party B shall, at
                  Party A’s
                  written request and at Party A’s expense, take any reasonable steps
                  required to be taken by Party B to effect such transfer.
                  

              

      

       

      
        	
                (g)

              	
                Non-Recourse.
                  Party A acknowledges and agree that, notwithstanding any provision
                  in this
                  Agreement to the contrary, the obligations of Party B hereunder
                  are
                  limited recourse obligations of Party B, payable solely in accordance
                  with
                  the priority of payments and other terms of the Pooling and Servicing
                  Agreement and that Party A will not have any recourse to any of
                  the
                  directors, officers, employees, shareholders or affiliates of the
                  Party B
                  with respect to any claims, losses, damages, liabilities, indemnities
                  or
                  other obligations in connection with any transactions contemplated
                  hereby.
                  This provision will survive the termination of this
                  Agreement.

              

      

      

      
        	
                (h)

              	
                Limitation
                  on Events of Default. Notwithstanding
                  the provisions of Sections 5 and 6, if at any time and so long
                  as Party B
                  has satisfied in full all its payment obligations under Section
                  2(a)(i)
                  and has at the time no future payment obligations, whether absolute
                  or
                  contingent, under such Section, then unless Party A is required
                  pursuant
                  to appropriate proceedings to return to Party B or otherwise returns
                  to
                  Party B upon demand of Party B any portion of any such payment,
                  (a) the
                  occurrence of an event described in Section 5(a) with respect to
                  Party B
                  shall not constitute an Event of Default or Potential Event of
                  Default
                  with respect to Party B as Defaulting Party and (b) Party A shall
                  be
                  entitled to designate an Early Termination Date pursuant to Section
                  6 only
                  as a result of the occurrence of a Termination Event set forth
                  in either
                  Section 5(b)(i) or 5(b)(ii) with respect to Party A as the Affected
                  Party,
                  or Section 5(b)(iii) with respect to Party A as the Burdened Party.
                  For
                  purposes of the Transaction to which this Agreement relates, Party
                  B’s
                  only obligation under Section 2(a)(i) is to pay the Fixed Amount
                  on the
                  Fixed Amount Payer Payment Date.

              

      

      

      
        	
                (i)

              	
                Rating
                  Agency Notifications. Notwithstanding
                  any other provision of this Agreement, no Early Termination Date
                  shall be
                  effectively designated hereunder by Party B and no transfer of
                  any rights
                  or obligations under this Agreement shall be made by either party
                  unless
                  each Cap Rating Agency has been given prior written notice of such
                  designation or transfer. 

              

      

      

      
        	
                (j)

              	
                No
                  Set-off.
                  Except as expressly provided for in Section 2(c), Section 6 or
                  Part
                  1(f)(i)(D) hereof, and notwithstanding any other provision of this
                  Agreement or any other existing or future agreement, each party
                  irrevocably waives any and all rights it may have to set off, net,
                  recoup
                  or otherwise withhold or suspend or condition payment or performance
                  of
                  any obligation between it and the other party hereunder against
                  any
                  obligation between it and the other party under any other agreements.
                  Section 6(e) shall be amended by deleting the following sentence:
“The
                  amount, if any, payable in respect of an Early Termination Date
                  and
                  determined pursuant to this Section will be subject to any
                  Set-off.”.

              

      

       

      
        	
                (k)

              	
                Amendment.
                  Notwithstanding any provision to the contrary in this Agreement,
                  no
                  amendment of either this Agreement or any Transaction under this
                  Agreement
                  shall be permitted by either party unless each of the Cap Rating
                  Agencies
                  has been provided prior written notice of the same.
                  

              

      

      

      
        	
                (l)

              	
                Notice
                  of Certain Events or Circumstances.
                  Each Party agrees, upon learning of the occurrence or existence
                  of any
                  event or condition that constitutes (or that with the giving of
                  notice or
                  passage of time or both would constitute) an Event of Default or
                  Termination Event with respect to such party, promptly to give
                  the other
                  Party and to each Cap Rating Agency notice of such event or condition;
                  provided that failure to provide notice of such event or condition
                  pursuant to this Part 5(l) shall not constitute an Event of Default
                  or a
                  Termination Event.

              

      

       

      (m)       
         Proceedings.
        No
        Relevant Entity shall institute against, or cause any other person to institute
        against, or join any other person in instituting against Party B, any
        bankruptcy, reorganization, arrangement, insolvency or liquidation proceedings
        or other proceedings under any federal or state bankruptcy or similar law
        for a
        period of one year (or, if longer, the applicable preference period) and
        one day
        following payment in full of the Certificates and any Notes. This provision
        will
        survive the termination of this Agreement. 

      

      
        	
                (n)

              	
                Trustee
                  Liability Limitations.
                  It
                  is expressly understood and agreed by the parties hereto that (a)
                  this
                  Agreement is executed by Deutsche Bank National Trust Company (“Deutsche”)
                  not in its individual capacity, but solely as Trustee under the
                  Pooling
                  and Servicing Agreement in the exercise of the powers and authority
                  conferred and invested in it thereunder; (b) Deutsche has been
                  directed
                  pursuant to the Pooling and Servicing Agreement to enter into this
                  Agreement and to perform its obligations hereunder; (c) each of
                  the
                  representations, undertakings and agreements herein made on behalf
                  of the
                  Trust is made and intended not as personal representations of the
                  Trustee
                  but is made and intended for the purpose of binding only the Trust;
                  and
                  (d) under no circumstances shall Deutsche
                  in its individual capacity be personally liable for any payments
                  hereunder
                  or for the breach or failure of any obligation, representation,
                  warranty
                  or covenant made or undertaken under this
                  Agreement.

              

      

      

      
        	
                (o)

              	
                Severability.
                  If
                  any term, provision, covenant, or condition of this Agreement,
                  or the
                  application thereof to any party or circumstance, shall be held
                  to be
                  invalid or unenforceable (in whole or in part) in any respect,
                  the
                  remaining terms, provisions, covenants, and conditions hereof shall
                  continue in full force and effect as if this Agreement had been
                  executed
                  with the invalid or unenforceable portion eliminated, so long as
                  this
                  Agreement as so modified continues to express, without material
                  change,
                  the original intentions of the parties as to the subject matter
                  of this
                  Agreement and the deletion of such portion of this Agreement will
                  not
                  substantially impair the respective benefits or expectations of
                  the
                  parties; provided, however, that this severability provision shall
                  not be
                  applicable if any provision of Section 2, 5, 6, or 13 (or any definition
                  or provision in Section 14 to the extent it relates to, or is used
                  in or
                  in connection with any such Section) shall be so held to be invalid
                  or
                  unenforceable. 

              

      

      

      The
        parties shall endeavor to engage in good faith negotiations to replace any
        invalid or unenforceable term, provision, covenant or condition with a valid
        or
        enforceable term, provision, covenant or condition, the economic effect of
        which
        comes as close as possible to that of the invalid or unenforceable term,
        provision, covenant or condition. 

      

      
        	
                (p)

              	
                Agent
                  for Party B. Party
                  A acknowledges that Party B has appointed Deutsche Bank National
                  Trust
                  Company as Trustee as its agent under the Pooling and Servicing
                  Agreement
                  to carry out certain functions on behalf of Party B, and that Deutsche
                  Bank National Trust Company as Trustee shall be entitled to give
                  notices
                  and to perform and satisfy the obligations of Party B hereunder
                  on behalf
                  of Party B.

              

      

       

      
        	
                (q)

              	
                Escrow
                  Payments.
                  If
                  (whether by reason of the time difference between the cities in
                  which
                  payments are to be made or otherwise) it is not possible for simultaneous
                  payments to be made on any date on which both parties are required
                  to make
                  payments hereunder, either Party may at its option and in its sole
                  discretion notify the other Party that payments on that date are
                  to be
                  made in escrow. In this case deposit of the payment due earlier
                  on that
                  date shall be made by 2:00 pm (local time at the place for the
                  earlier
                  payment) on that date with an escrow agent selected by the notifying
                  party, accompanied by irrevocable payment instructions (i) to release
                  the
                  deposited payment to the intended recipient upon receipt by the
                  escrow
                  agent of the required deposit of any corresponding payment payable
                  by the
                  other party on the same date accompanied by irrevocable payment
                  instructions to the same effect or (ii) if the required deposit
                  of the
                  corresponding payment is not made on that same date, to return
                  the payment
                  deposited to the party that paid it into escrow. The party that
                  elects to
                  have payments made in escrow shall pay all costs of the escrow
                  arrangements.

              

      

       

      
        	
                (r)

              	
                Consent
                  to Recording.
                  Each party hereto consents to the monitoring or recording, at any
                  time and
                  from time to time, by the other party of any and all communications
                  between trading, marketing, and operations personnel of the parties
                  and
                  their Affiliates, waives any further notice of such monitoring
                  or
                  recording, and agrees to notify such personnel of such monitoring
                  or
                  recording. 

              

      

      

      
        	
                (s)

              	
                Waiver
                  of Jury Trial.
                  Each party waives any right it may have to a trial by jury in respect
                  of
                  any in respect of any suit, action or proceeding relating to this
                  Agreement or any Credit Support Document.

              

      

      

      
        	
                (t)

              	
                Form
                  of ISDA Master Agreement. Party
                  A and Party B hereby agree that the text of the body of the ISDA
                  Master
                  Agreement is intended to be the printed form of the ISDA Master
                  Agreement
                  (Multicurrency - Crossborder) as published and copyrighted in 1992
                  by the
                  International Swaps and Derivatives Association,
                  Inc.

              

      

      

      
        	
                (u)

              	
                Payment
                  Instructions.
                  Party A hereby agrees that, unless notified in writing by Party
                  B of other
                  payment instructions, any and all amounts payable by Party A to
                  Party B
                  under this Agreement shall be paid to the account specified in
                  Item 4 of
                  this Confirmation, below. 

              

      

      

      
        	
                (v)

              	
                Additional
                  representations.

              

      

      

      
        	 	
                (i)

              	
                Representations
                  of Party A.
                  Party A represents to Party B on the date on which Party A enters
                  into
                  each Transaction that:--

              

      

       

      
        	 	
                (1)

              	
                Party
                  A’s obligations under this Agreement rank pari passu with all of
                  Party A’s
                  other unsecured, unsubordinated obligations except those obligations
                  preferred by operation of law.

              

      

      

      
        	 	
                (2)

              	
                Party
                  A is a bank subject to the requirements of 12 U.S.C. § 1823(e), its
                  execution, delivery and performance of this Agreement (including
                  the
                  Credit Support Annex and each Confirmation) have been approved
                  by its
                  board of directors or its loan committee, such approval is reflected
                  in
                  the minutes of said board of directors or loan committee, and this
                  Agreement (including the Credit Support Annex and each Confirmation)
                  will
                  be maintained as one of its official records continuously from
                  the time of
                  its execution (or in the case of any Confirmation, continuously
                  until such
                  time as the relevant Transaction matures and the obligations therefor
                  are
                  satisfied in full).

              

      

      

      
        	 	
                (ii)

              	
                Capacity.
                  Party A represents to Party B on the date on which Party A enters
                  into
                  this Agreement that it is entering into the Agreement and the Transaction
                  as principal and not as agent of any person. Party B represents
                  to Party A
                  on the date on which Party B enters into this Agreement that it
                  is
                  entering into the Agreement and the Transaction in its capacity
                  as
                  Trustee.

              

      

       

      
        	
                (w)

              	
                Bankruptcy
                  Code.
                  Subject to Part 5(m), without limiting the applicability if any,
                  of any
                  other provision of the U.S. Bankruptcy Code as amended (the “Bankruptcy
                  Code”) (including without limitation Sections 362, 546, 556, and 560
                  thereof and the applicable definitions in Section 101 thereof),
                  the
                  parties acknowledge and agree that all Transactions entered into
                  hereunder
                  will constitute “forward contracts” or “swap agreements” as defined in
                  Section 101 of the Bankruptcy Code or “commodity contracts” as defined in
                  Section 761 of the Bankruptcy Code, that the rights of the parties
                  under
                  Section 6 of this Agreement will constitute contractual rights
                  to
                  liquidate Transactions, that any margin or collateral provided
                  under any
                  margin, collateral, security, pledge, or similar agreement related
                  hereto
                  will constitute a “margin payment” as defined in Section 101 of the
                  Bankruptcy Code, and that the parties are entities entitled to
                  the rights
                  under, and protections afforded by, Sections 362, 546, 556, and
                  560 of the
                  Bankruptcy Code.

              

      

      

      
        	
                (x)

              	
                [Reserved]
                  

              

      

       

      
        	
                (y)

              	
                [Reserved]

              

      

       

      (z) Additional
        Definitions. 

       

      As
        used
        in this Agreement, the following terms shall have the meanings set forth
        below,
        unless the context clearly requires otherwise: 

       

      “Approved
        Ratings Threshold”
        means
        each of the S&P Approved Ratings Threshold and the Moody’s First Trigger
        Ratings Threshold.

      

      “Approved
        Replacement” means,
        with respect to a Market Quotation, an entity making such Market Quotation,
        which entity would satisfy conditions (a), (b), (c) and (e) of the definition
        of
        Permitted Transfer (as determined by Party B in its sole discretion, acting
        in a
        commercially reasonable manner) if such entity were a Transferee, as defined
        in
        the definition of Permitted Transfer.

      

      “Cap
        Rating Agencies”
        means,
        with respect to any date of determination, each of S&P and Moody’s, to the
        extent that each such rating agency is then providing a rating for any of
        the
        First Franklin Mortgage Loan Trust 2006-FF16, Asset-Backed Certificates,
        Series
        2006-FF16 (the “Certificates”) or any notes backed by the Certificates (the
“Notes”).

       

      “Derivative
        Provider Trigger Event”
        means
        (i) an Event of Default with respect to which Party A is a Defaulting Party,
        (ii) a Termination Event with respect to which Party A is the sole Affected
        Party or (iii) an Additional Termination Event with respect to which Party
        A is
        the sole Affected Party.

      

      “Eligible
        Guarantee”
        means an
        unconditional and irrevocable guarantee of all present and future obligations
        (for the avoidance of doubt, not limited to payment obligations) of Party
        A or
        an Eligible Replacement to Party B under this Agreement that is provided
        by an
        Eligible Guarantor as principal debtor rather than surety and that is directly
        enforceable by Party B, the form and substance of which guarantee have been
        provided to S&P, and either (A) a law firm has given a legal opinion
        confirming that none of the guarantor’s payments to Party B under such guarantee
        will be subject to Tax
        collected by withholding or
        (B)
        such guarantee provides that, in the event that any of such guarantor’s payments
        to Party B are subject to Tax collected by withholding, such guarantor is
        required to pay such additional amount as is necessary to ensure that the
        net
        amount actually received by Party B (free and clear of any Tax collected
        by
        withholding) will equal the full amount Party B would have received had no
        such
        withholding been required.

      

      “Eligible
        Guarantor” means
        an
        entity that (A) has credit ratings at least equal to the Approved Ratings
        Threshold or (B) has credit ratings at least equal to the Required Ratings
        Threshold, provided, for the avoidance of doubt, that an Eligible Guarantee
        of
        an Eligible Guarantor with credit ratings below the Approved Ratings Threshold
        will not cause a Collateral Event (as defined in the Credit Support Annex)
        not
        to occur or continue. 

      

      “Eligible
        Replacement”
        means an
        entity (i) that has credit ratings at least equal to the Approved Ratings
        Threshold, (ii) has credit ratings at least equal to the Required Ratings
        Threshold, provided, for the avoidance of doubt, that an Eligible Guarantee
        of
        an Eligible Guarantor with credit ratings below the Approved Ratings Threshold
        will not cause a Collateral Event (as defined in the Credit Support Annex)
        not
        to occur or continue, or (iii) the present and future obligations (for the
        avoidance of doubt, not limited to payment obligations) of which entity to
        Party
        B under this Agreement are guaranteed pursuant to an Eligible Guarantee provided
        by an Eligible Guarantor.

      

      “Firm
        Offer”
        means
        (A) with respect to an Eligible Replacement, a quotation from such Eligible
        Replacement (i) in an amount equal to the actual amount payable by or to
        Party B
        in consideration of an agreement between Party B and such Eligible Replacement
        to replace Party A as the counterparty to this Agreement by way of novation
        or,
        if such novation is not possible, an agreement between Party B and such Eligible
        Replacement to enter into a Replacement Transaction (assuming that all
        Transactions hereunder become Terminated Transactions), and (ii) that
        constitutes an offer by such Eligible Replacement to replace Party A as the
        counterparty to this Agreement or enter a Replacement Transaction that will
        become legally binding upon such Eligible Replacement upon acceptance by
        Party
        B, and (B) with respect to an Eligible Guarantor, an offer by such Eligible
        Guarantor to provide an Eligible Guarantee that will become legally binding
        upon
        such Eligible Guarantor upon acceptance by the offeree.

      

      “Moody’s”
        means
        Moody’s Investors Service, Inc., or any successor thereto. 

      

      “Moody’s
        First Trigger Ratings Threshold” means,
        with respect to Party A, the guarantor under an Eligible Guarantee or an
        Eligible Replacement, (i) if such entity has a short-term unsecured and
        unsubordinated debt rating from Moody’s, a long-term unsecured and
        unsubordinated debt rating or counterparty rating from Moody’s of “A2” and a
        short-term unsecured and unsubordinated debt rating from Moody’s of “Prime-1”,
        or (ii) if such entity does not have a short-term unsecured and unsubordinated
        debt rating or counterparty rating from Moody’s, a long-term unsecured and
        unsubordinated debt rating or counterparty rating from Moody’s of
“A1”.

      

      “Moody’s
        Second Trigger Ratings Event”
        means
        that no Relevant Entity has credit ratings from Moody’s at least equal to the
        Moody’s Second Trigger Rating Threshold. 

      

      “Moody’s
        Second Trigger Ratings Threshold”
        means,
        with respect to Party A, the guarantor under an Eligible Guarantee or an
        Eligible Replacement, (i) if such entity has a short-term unsecured and
        unsubordinated debt rating from Moody’s, a long-term unsecured and
        unsubordinated debt rating or counterparty rating from Moody’s of “A3” and a
        short-term unsecured and unsubordinated debt rating from Moody’s of “Prime-2”,
        or (ii) if such entity does not have a short-term unsecured and unsubordinated
        debt rating from Moody’s, a long-term unsecured and unsubordinated debt rating
        or counterparty rating from Moody’s of “A3”.

      

      “Permitted
        Transfer” means
        a
        transfer by novation by Party A to a transferee (the “Transferee”)
        of all,
        but not less than all, of Party A’s rights, liabilities, duties and obligations
        under this Agreement, with
        respect to which transfer each of the following conditions is
        satisfied:
        (a) the
        Transferee is an Eligible Replacement that is a recognized dealer in interest
        rate swaps organized under the laws of the United States of America or a
        jurisdiction located in the United States of America (or another jurisdiction
        reasonably acceptable to Party B), (b) as of the date of such transfer the
        Transferee would not be required to withhold or deduct on account of Tax
        from
        any payments under this Agreement or would be required to gross up for such
        Tax
        under Section 2(d)(i)(4), (c) an Event of Default or Termination Event would
        not
        occur as a result of such transfer, (d) Party B has consented in writing
        to the
        transfer, such consent not to be unreasonably withheld, (e) the transfer
        would
        not give rise to a taxable event or any other adverse Tax consequences to
        Party
        B or its interest holders, as determined by Party B in its sole discretion,
        (f)
        pursuant to a written instrument (the “Transfer Agreement”), the Transferee
        acquires and assumes all rights and obligations of Party A under the Agreement
        and the relevant Transaction, (g) Party B shall have determined, in its sole
        discretion, acting in a commercially reasonable manner, that such Transfer
        Agreement is effective to transfer to the Transferee all, but not less than
        all,
        of Party A’s rights and obligations under the Agreement and all relevant
        Transactions; (h) Party A will be responsible for any costs or expenses incurred
        in connection with such transfer (including any replacement cost of entering
        into a replacement transaction); (i) each Cap Rating Agency has been given
        prior
        written notice of such transfer; and (j) such transfer otherwise complies
        with
        the terms of the Pooling and Servicing Agreement.

       

      “Relevant
        Entity” means
        Party A and, to the extent applicable, a guarantor under an Eligible
        Guarantee.

      

      “Replacement
        Transaction”
        means,
        with respect to any Terminated Transaction or group of Terminated Transactions,
        a transaction or group of transactions that (i) would have the effect of
        preserving for Party B the economic equivalent of any payment or delivery
        (whether the underlying obligation was absolute or contingent and assuming
        the
        satisfaction of each applicable condition precedent) by the parties under
        Section 2(a)(i) in respect of such Terminated Transaction or group of Terminated
        Transactions that would, but for the occurrence of the relevant Early
        Termination Date, have been required after that Date, and (ii) has terms
        which
        are substantially the same as this Agreement, including, without limitation,
        rating triggers, Regulation AB compliance, and credit support documentation,
        save for the exclusion of provisions relating to Transactions that are not
        Terminated Transaction, as determined by Party B in its sole discretion,
        acting
        in a commercially reasonable manner.

      

      “Required
        Ratings Downgrade Event”
        shall
        have the meaning assigned thereto in Part 5(d).

      

      “Required
        Ratings Threshold” means
        each of the S&P Required Ratings Threshold and the Moody’s Second Trigger
        Ratings Threshold.

      

      “S&P”
        means
        Standard & Poor's Rating Services, a division of The McGraw-Hill Companies,
        Inc., or any successor thereto. 

      

      “S&P
        Approved Ratings Threshold”
        means,
        with respect to Party A, the guarantor under an Eligible Guarantee or an
        Eligible Replacement, a short-term unsecured and unsubordinated debt rating
        from
        S&P of “A-1”, or, if such entity does not have a short-term unsecured and
        unsubordinated debt rating from S&P, a long-term unsecured and
        unsubordinated debt rating from S&P of “A+”.

      

      “S&P
        Required Ratings Threshold”
        means,
        with respect to Party A, the guarantor under an Eligible Guarantee or an
        Eligible Replacement, a long-term unsecured and unsubordinated debt rating
        from
        S&P of “BBB+”. 

      

      [Remainder
        of this page intentionally left blank.]

       

      
        
          
          

        

        
          
          

          
            

          

        

        
          
          

        

      

      4. 
         Account
        Details and Settlement Information:

      

        
          	
                  Payments
                    to Party A:

                	 	
                  HSBC
                    Bank USA, National Association

                
	 	 	
                  ABA
                    # 021-001-088

                
	 	 	
                  For
                    credit to Department 299

                
	 	 	
                  A/C:
                    000-04929-8

                
	 	 	
                  HSBC
                    Derivative Products Group

                
	 	 	 
	 	 	 
	
                  Payments
                    to Party B:

                	 	
                  ABA
                    021001033

                
	 	 	
                  ABA
                    name Deutsche Bank Trust Company - Americas

                
	 	 	
                  Bene
                    Acct. 014-19-663

                
	 	 	
                  Bene
                    Acct. Name NYLTD Funds Control - Stars West

                
	 	 	
                  Ref:
                    First Franklin 2006-FF16 (GC06ZA) Cap
                    payment

                

        

         

      

      This
        Agreement may be executed in several counterparts, each of which shall be
        deemed
        an original but all of which together shall constitute one and the same
        instrument.

      

      
        
          
          

        

        
          
          

          
            

          

        

        
          
          

        

      

      

      We
        are
        very pleased to have executed this Transaction with you and we look forward
        to
        completing other transactions with you in the near future.

      

      Very
        truly yours,

      

      HSBC
        BANK
        USA, NATIONAL ASSOCIATION

      

      By: _______________________________ 

      Name:   

      Title:    

      

      

      Party
        B,
        acting through its duly authorized signatory, hereby agrees to, accepts and
        confirms the terms of the foregoing as of the date hereof.

      

      Deutsche
        Bank National Trust Company, not individually but solely in its capacity
        as
        Trustee on behalf of the trust with respect to the First Franklin Mortgage
        Loan
        Trust 2006-FF16, Asset-Backed Certificates, Series 2006-FF16 

      

      By: _______________________________
        

      Name: 

      Title:

       

      
        
          
          

        

        
          
          

          
            

          

        

        
          
          

        

      

      

      SCHEDULE
        I

      (all
        such
        dates subject to No Adjustment with respect to Fixed Rate Payer Period End
        Dates
        and adjustment in accordance with the Following Business Day Convention with
        respect to Floating Rate Payer Period End Dates) 

      

      
        	
                From
                  and including

              	
                To
                  but excluding

              	
                Notional
                  Amount (USD)

              	
                Party
                  A

                Cap
                  Rate:

              
	
                November
                  30, 2006

              	
                December
                  26, 2006

              	
                1,179,876,000.00

              	
                9.07668%

              
	
                December
                  26, 2006

              	
                January
                  25, 2007

              	
                1,174,111,671.00

              	
                7.31969%

              
	
                January
                  25, 2007

              	
                February
                  26, 2007

              	
                1,165,886,981.00

              	
                7.31958%

              
	
                February
                  26, 2007

              	
                March
                  26, 2007

              	
                1,155,188,617.00

              	
                8.10379%

              
	
                March
                  26, 2007

              	
                April
                  25, 2007

              	
                1,142,017,001.00

              	
                7.31964%

              
	
                April
                  25, 2007

              	
                May
                  25, 2007

              	
                1,126,390,194.00

              	
                7.56465%

              
	
                May
                  25, 2007

              	
                June
                  25, 2007

              	
                1,108,339,343.00

              	
                7.32093%

              
	
                June
                  25, 2007

              	
                July
                  25, 2007

              	
                1,087,914,879.00

              	
                7.56538%

              
	
                July
                  25, 2007

              	
                The
                  Termination Date

              	
                1,065,181,325.00

              	
                7.32187%

              

      

      
        
          
          

        

        
          
          

          
            

          

        

        
          
          

        

      

      Annex
        A

      

      Paragraph
        13 of the Credit Support Annex

       

      
        
          
          

        

        
          
          

          
            

          

        

        
          
          

        

      

      ANNEX
        A

      

      ISDA®

      CREDIT
        SUPPORT ANNEX

      to
        the
        Schedule to the

      ISDA
        Master Agreement

      dated
        as
        of November 30, 2006 between

      HSBC
        Bank
        USA, National Association (hereinafter referred to as “Party
        A”
        or
“Pledgor”)

      and

      Deutsche
        Bank National Trust Company, not individually but solely in its capacity
        as
        Trustee on behalf of the trust with respect to the First Franklin Mortgage
        Loan
        Trust 2006-FF16, Asset-Backed Certificates, Series 2006-FF16 

      (hereinafter
        referred to as “Party
        B”
        or
“Secured
        Party”).

      

      For
        the
        avoidance of doubt, and notwithstanding anything to the contrary that may
        be
        contained in the Agreement, this Credit Support Annex shall relate solely
        to the
        Transaction documented in the Confirmation dated November 30, 2006 between
        Party
        A and Party B, Reference Number 412205HN/412206HN.

      

       

      Paragraph
        13. Elections and Variables.

       

      
        	(a)  	
                Security
                  Interest for “Obligations”.
                  The term “Obligations”
                  as
                  used in this Annex includes the following additional
                  obligations:

              

      

       

      With
        respect to Party A: not applicable.

       

      With
        respect to Party B: not applicable.

       

      
        	(b)  	
                Credit
                  Support Obligations.

              

      

       

      
        	(i)  	
                Delivery
                  Amount, Return Amount and Credit Support
                  Amount.

              

      

       

      
        	(A)  	
                “Delivery
                  Amount”
                  has the meaning specified in Paragraph 3(a) as amended (I) by deleting
                  the
                  words “upon a demand made by the Secured Party on or promptly following
                  a
                  Valuation Date” and inserting in lieu thereof the words “not later than
                  the close of business on each Valuation Date” and (II) by deleting in its
                  entirety the sentence beginning “Unless otherwise specified in Paragraph
                  13” and ending “(ii) the Value as of that Valuation Date of all Posted
                  Credit Support held by the Secured Party.” and inserting in lieu thereof
                  the following:

              

      

       

      The
        “Delivery
        Amount”
        applicable to the Pledgor for any Valuation Date will equal the greatest
        of

       

      
        	 	
                (1)
                  

              	
                the
                  amount by which (a) the S&P Credit Support Amount for such Valuation
                  Date exceeds (b) the S&P Value as of such Valuation Date of all Posted
                  Credit Support held by the Secured Party,

              

      

       

      
        	 	
                (2)
                  

              	
                the
                  amount by which (a) the Moody’s First Trigger Credit Support Amount for
                  such Valuation Date exceeds (b) the Moody’s First Trigger Value as of such
                  Valuation Date of all Posted Credit Support held by the Secured
                  Party,
                  and

              

      

       

      
        	 	
                (3)
                  

              	
                the
                  amount by which (a) the Moody’s Second Trigger Credit Support Amount for
                  such Valuation Date exceeds (b) the Moody’s Second Trigger Value as of
                  such Valuation Date of all Posted Credit Support held by the Secured
                  Party.

              

      

       

      
        	(B)  	
                “Return
                  Amount”
                  has the meaning specified in Paragraph 3(b) as amended by deleting
                  in its
                  entirety the sentence beginning “Unless otherwise specified in Paragraph
                  13” and ending “(ii) the Credit Support Amount.” and inserting in lieu
                  thereof the following:

              

      

       

      The
        “Return
        Amount”
        applicable to the Secured Party for any Valuation Date will equal the least
        of

       

      
        	 	
                (1)
                  

              	
                the
                  amount by which (a) the S&P Value as of such Valuation Date of all
                  Posted Credit Support held by the Secured Party exceeds (b) the
                  S&P
                  Credit Support Amount for such Valuation Date,

              

      

       

      
        	 	
                (2)
                  

              	
                the
                  amount by which (a) the Moody’s First Trigger Value as of such Valuation
                  Date of all Posted Credit Support held by the Secured Party exceeds
                  (b)
                  the Moody’s First Trigger Credit Support Amount for such Valuation Date,
                  and

              

      

       

      
        	 	
                (3)
                  

              	
                the
                  amount by which (a) the Moody’s Second Trigger Value as of such Valuation
                  Date of all Posted Credit Support held by the Secured Party exceeds
                  (b)
                  the Moody’s Second Trigger Credit Support Amount for such Valuation
                  Date.

              

      

       

      
        	(C)  	
                “Credit
                  Support Amount”
                  shall not apply. For purposes of calculating any Delivery Amount
                  or Return
                  Amount for any Valuation Date, reference shall be made to the S&P
                  Credit Support Amount, the Moody’s First Trigger Credit Support Amount, or
                  the Moody’s Second Trigger Credit Support Amount, in each case for such
                  Valuation Date, as provided in Paragraphs 13(b)(i)(A) and 13(b)(i)(B),
                  above.

              

      

       

      
        	(ii)  	
                Eligible
                  Collateral.
                  

              

      

       

      On
        any
        date, the following items will qualify as “Eligible
        Collateral”
(for
        the avoidance of doubt, all Eligible Collateral to be denominated in
        USD):

       

      
        
          
          

        

        
          
          

          
            

          

        

        
          
          

        

      

       

       

      
        	
                 

                Collateral
                  

              	
                S&P
                  Valuation 

                Percentage

              	
                Moody’s
                  

                First
                  Trigger Valuation
                  Percentage

              	
                Moody’s
                  

                Second
                  Trigger Valuation
                  Percentage

              
	
                (A)  Cash

              	
                100%

              	
                100%

              	
                100%

              
	 	 	 	 
	
                (B)  Fixed-rate
                  negotiable debt obligations issued by the U.S. Treasury Department
                  having
                  a remaining maturity on such date of not more than one
                  year

              	
                98.5%

              	
                100%

              	
                100%

              
	 	 	 	 
	
                (C)  Fixed-rate
                  negotiable debt obligations issued by the U.S. Treasury Department
                  having
                  a remaining maturity on such date of more than one year but not
                  more than
                  ten years

              	
                89.9%

              	
                100%

              	
                94%

              
	 	 	 	 
	
                (D)  Fixed-rate
                  negotiable debt obligations issued by the U.S. Treasury Department
                  having
                  a remaining maturity on such date of more than ten years

              	
                83.9%

              	
                100%

              	
                87%

              

      

      

       

      
        	(iii)  	
                Other
                  Eligible Support. 

              

      

       

      The
        following items will qualify as “Other
        Eligible Support”
        for the
        party specified: 

       

      Not
        applicable.

       

      
        	(iv)  	
                Threshold.

              

      

       

      
        	(A)  	
                “Independent
                  Amount”
                  means zero with respect to Party A and Party
                  B.

              

      

       

      
        	(B)  	
                “Threshold”
                  means, with respect to Party A and any Valuation Date, zero if
                  (i) a
                  Collateral Event has occurred and has been continuing (x) for at
                  least 30
                  days or (y) since this Annex was executed, or (ii) a S&P Required
                  Ratings Downgrade Event has occurred and is continuing; otherwise,
                  infinity.

              

      

       

        “Threshold”
        means,
        with respect to Party B and any Valuation Date, infinity.

       

      
        	(C)  	
                “Minimum
                  Transfer Amount” means
                  USD 100,000 with respect to Party A and Party B; provided, however,
                  that
                  if the aggregate Certificate Principal Balance of Certificates
                  rated by
                  S&P ceases to be more than USD 50,000,000, the “Minimum
                  Transfer Amount”
                  shall be USD 50,000.

              

      

       

      
        	(D)  	
                Rounding:
                  The Delivery Amount will be rounded up to the nearest integral
                  multiple of
                  USD 10,000. The Return Amount will be rounded down to the nearest
                  integral
                  multiple of USD 1,000.

              

      

       

      
        	(c)  	
                Valuation
                  and Timing.

              

      

       

      
        	(i)  	
                “Valuation
                  Agent”
                  means Party A; provided, however, that if an Event of Default shall
                  have
                  occurred with respect to which Party A is the Defaulting Party,
                  Party B
                  shall have the right to designate as Valuation Agent an independent
                  party,
                  reasonably acceptable to Party A, the cost for which shall be borne
                  by
                  Party A. All calculations by the Valuation Agent must be made in
                  accordance with standard market practice, including, in the event
                  of a
                  dispute as to the Value of any Eligible Credit Support or Posted
                  Credit
                  Support, by making reference to quotations received by the Valuation
                  Agent
                  from one or more Pricing Sources.

              

      

       

      
        	(ii)  	
                “Valuation
                  Date” means
                  each Local Business Day on which any of the S&P Credit Support Amount,
                  the Moody’s First Trigger Credit Support Amount or the Moody’s Second
                  Trigger Credit Support Amount is greater than
                  zero.

              

      

       

      
        	(iii)  	
                “Valuation
                  Time” means
                  the close of business in the city of the Valuation Agent on the
                  Local
                  Business Day immediately preceding the Valuation Date or date of
                  calculation, as applicable; provided
                  that the calculations of Value and Exposure will be made as of
                  approximately the same time on the same date.

              

      

       

      
        	(iv)  	
                “Notification
                  Time” means
                  11:00 a.m., New York time, on a Local Business Day.
                  

              

      

       

      
        	(v)  	
                External
                  Verification. 
                  Notwithstanding anything to the contrary in the definitions of
                  Valuation
                  Agent or Valuation Date, at any time at which Party A (or, to the
                  extent
                  applicable, its Credit Support Provider) does not have a long-term
                  unsubordinated and unsecured debt rating of at least “BBB+” from S&P,
                  the Valuation Agent shall (A) calculate the Secured Party’s Exposure and
                  the S&P Value of Posted Credit Suppport on each Valuation Date based
                  on internal marks and (B) verify such calculations with external
                  marks
                  monthly by obtaining on the last Local Business Day of each calendar
                  month
                  two external marks for each Transaction to which this Annex relates
                  and
                  for all Posted Credit Suport; such verification of the Secured
                  Party’s
                  Exposure shall be based on the higher of the two external marks.
                  Each
                  external mark in respect of a Transaction shall be obtained from
                  an
                  independent Reference Market-maker that would be eligible and willing
                  to
                  enter into such Transaction in the absence of the current derivative
                  provider, provided that an external mark may not be obtained from
                  the same
                  Reference Market-maker more than four times in any 12-month period.
                  The
                  Valuation Agent shall obtain these external marks directly or through
                  an
                  independent third party, in either case at no cost to Party B.
                  The
                  Valuation Agent shall calculate on each Valuation Date (for purposes
                  of
                  this paragraph, the last Local Business Day in each calendar month
                  referred to above shall be considered a Valuation Date) the Secured
                  Party’s Exposure based on the greater of the Valuation Agent’s internal
                  marks and the external marks received. If the S&P Value on any such
                  Valuation Date of all Posted Credit Support then held by the Secured
                  Party
                  is less than the S&P Credit Support Amount on such Valuation Date (in
                  each case as determined pursuant to this paragraph), Party A shall,
                  within
                  three Local Business Days of such Valuation Date, Transfer to the
                  Secured
                  Party Eligible Credit Support having an S&P Value as of the date of
                  Transfer at least equal to such deficiency.

              

      

       

      
        	(vi)  	
                Notice
                  to S&P. 
                  At
                  any time at which Party A (or, to the extent applicable, its Credit
                  Support Provider) does not have a long-term unsubordinated and
                  unsecured
                  debt rating of at least “BBB+” from S&P, the Valuation Agent shall
                  provide to S&P not later than the Notification Time on the Local
                  Business Day following each Valuation Date its calculations of
                  the Secured
                  Party’s Exposure and the S&P Value of any Eligible Credit Support or
                  Posted Credit Support for that Valuation Date. The Valuation Agent
                  shall
                  also provide to S&P any external marks received pursuant to the
                  preceding paragraph.

              

      

       

      
        	(d)  	
                Conditions
                  Precedent and Secured Party’s Rights and
                  Remedies.
                  The following Termination Events will be a “Specified
                  Condition”
                  for the party specified (that party being the Affected Party if
                  the
                  Termination Event occurs with respect to that party): With respect
                  to
                  Party A: any Additional Termination Event with respect to which
                  Party A is
                  the sole Affected Party. With respect to Party B:
                  None.

              

      

       

      
        	(e)  	
                Substitution.

              

      

       

      
        	(i)  	
                “Substitution
                  Date”
                  has the meaning specified in Paragraph
                  4(d)(ii).

              

      

       

      
        	(ii)  	
                Consent.
                  If
                  specified here as applicable, then the Pledgor must obtain the
                  Secured
                  Party’s consent for any substitution pursuant to Paragraph 4(d):
                  Inapplicable.

              

      

       

      
        	(f)  	
                Dispute
                  Resolution.

              

      

       

      
        	(i)  	
                “Resolution
                  Time”
                  means 1:00 p.m. New York time on the Local Business Day following
                  the date
                  on which the notice of the dispute is given under Paragraph
                  5.

              

      

       

      
        	(ii)  	
                Value.
                  Notwithstanding anything to the contrary in Paragraph 12, for the
                  purpose
                  of Paragraphs 5(i)(C) and 5(ii), the S&P Value, Moody’s First Trigger
                  Value, and Moody’s Second Trigger Value, on any date, of Eligible
                  Collateral other than Cash will be calculated as follows:
                  

              

      

       

      For
        Eligible Collateral in the form of securities listed in Paragraph 13(b)(ii):
        the
        sum of (A) the product of (1)(x) the bid price at the Valuation Time for
        such
        securities on the principal national securities exchange on which such
        securities are listed, or (y) if such securities are not listed on a national
        securities exchange, the bid price for such securities quoted at the Valuation
        Time by any principal market maker for such securities selected by the Valuation
        Agent, or (z) if no such bid price is listed or quoted for such date, the
        bid
        price listed or quoted (as the case may be) at the Valuation Time for the
        day
        next preceding such date on which such prices were available and (2) the
        applicable Valuation Percentage for such Eligible Collateral, and (B) the
        accrued interest on such securities (except to the extent Transferred to
        the
        Pledgor pursuant to Paragraph 6(d)(ii) or included in the applicable price
        referred to in the immediately preceding clause (A)) as of such
        date.

       

      
        	(iii)  	
                Alternative.
                  The provisions of Paragraph 5 will
                  apply.

              

      

       

      
        	(g)  	
                Holding
                  and Using Posted
                  Collateral.

              

      

       

      
        	(i)  	
                Eligibility
                  to Hold Posted Collateral; Custodians.  Party
                  B (or any Custodian) will be entitled to hold Posted Collateral
                  pursuant
                  to Paragraph 6(b). 

              

      

       

      Party
        B
        may appoint as Custodian (A) the entity then serving as [Trustee] or (B)
        any
        entity other than the entity then serving as [Trustee] if such other entity
        (or,
        to the extent applicable, its parent company or credit support provider)
        shall
        then have a short-term unsecured and unsubordinated debt rating from S&P of
        at least “A-1.”

       

      Initially,
        the Custodian
        for
        Party B is: Not applicable.

       

      
        	(ii)  	
                Use
                  of Posted Collateral. The
                  provisions of Paragraph 6(c)(i) will not apply to Party B, but
                  the
                  provisions of Paragraph 6(c)(ii) will apply to Party B.
                  

              

      

       

      
        	(h)  	
                Distributions
                  and Interest Amount.

              

      

       

      
        	(i)  	
                Interest
                  Rate.
                  The “Interest
                  Rate”
                  will be the actual interest rate earned on Posted Collateral in
                  the form
                  of Cash that is held by Party B or its
                  Custodian.

              

      

       

      
        	(ii)  	
                Transfer
                  of Interest Amount.
                  The Transfer of the Interest Amount will be made on the second
                  Local
                  Business Day following the end of each calendar month and on any
                  other
                  Local Business Day on which Posted Collateral in the form of Cash
                  is
                  Transferred to the Pledgor pursuant to Paragraph 3(b); provided,
                  however,
                  that the obligation of Party B to Transfer any Interest Amount
                  to Party A
                  shall be limited to the extent that Party B has earned and received
                  such
                  funds and such funds are available to Party B.

              

      

       

      
        	(iii)  	
                Alternative
                  to Interest Amount.
                  The provisions of Paragraph 6(d)(ii) will
                  apply.

              

      

       

      
        	(i)  	
                Additional
                  Representation(s).
                  There are no additional representations by either
                  party.

              

      

       

      
        	(j)  	
                Other
                  Eligible Support and Other Posted Support.

              

      

       

      
        	(i)  	
                “Value”
                  with respect to Other Eligible Support and Other Posted Support
                  means: not
                  applicable. 

              

      

       

      
        	(ii)  	
                “Transfer”
                  with respect to Other Eligible Support and Other Posted Support
                  means: not
                  applicable.

              

      

       

      
        	(k)  	
                Demands
                  and Notices.All
                  demands, specifications and notices under this Annex will be made
                  pursuant
                  to the Notices Section of this Agreement, except that any demand,
                  specification or notice shall be given to or made at the following
                  addresses, or at such other address as the relevant party may from
                  time to
                  time designate by giving notice (in accordance with the terms of
                  this
                  paragraph) to the other party:

              

      

       

      If
        to
        Party A, [at the address specified pursuant to the Notices Section of this
        Agreement].

       

      If
        to
        Party B, [at the address specified pursuant to the Notices Section of this
        Agreement].

       

      If
        to
        Party B’s Custodian: [
        ]

       

      
        	(l)  	
                Address
                  for Transfers.
                  Each Transfer hereunder shall be made to the address [specified
                  below or
                  to an address] specified in writing from time to time by the party
                  to
                  which such Transfer will be made.

              

      

       

      [Party
        A
        account details]

       

      [Party
        B
        account details]

       

      [Party
        B’s Custodian account details]

       

      
        	(m)  	
                Other
                  Provisions.

              

      

       

      
        	(i)  	
                Collateral
                  Account.
                  Party B shall open and maintain a segregated account, which shall
                  be an
                  [Eligible Account], and hold, record and identify all Posted Collateral
                  in
                  such segregated account.

              

      

       

      
        	(ii)  	
                Agreement
                  as to Single Secured Party and Single Pledgor.
                  Party A and Party B hereby agree that, notwithstanding anything
                  to the
                  contrary in this Annex, (a) the term “Secured Party” as used in this Annex
                  means only Party B, (b) the term “Pledgor” as used in this Annex means
                  only Party A, (c) only Party A makes the pledge and grant in Paragraph
                  2,
                  the acknowledgement in the final sentence of Paragraph 8(a) and
                  the
                  representations in Paragraph 9.

              

      

       

      
        	(iii)  	
                Calculation
                  of Value.
                  Paragraph 4(c) is hereby amended by deleting the word “Value” and
                  inserting in lieu thereof “S&P Value, Moody’s First Trigger Value,
                  Moody’s Second Trigger Value”. Paragraph 4(d)(ii) is hereby amended by (A)
                  deleting the words “a Value” and inserting in lieu thereof “an S&P
                  Value, Moody’s First Trigger Value, and Moody’s Second Trigger Value” and
                  (B) deleting the words “the Value” and inserting in lieu thereof “S&P
                  Value, Moody’s First Trigger Value, and Moody’s Second Trigger Value”.
                  Paragraph 5 (flush language) is hereby amended by deleting the
                  word
                  “Value” and inserting in lieu thereof “S&P Value, Moody’s First
                  Trigger Value, or Moody’s Second Trigger Value”. Paragraph 5(i) (flush
                  language) is hereby amended by deleting the word “Value” and inserting in
                  lieu thereof “S&P Value, Moody’s First Trigger Value, and Moody’s
                  Second Trigger Value”. Paragraph 5(i)(C) is hereby amended by deleting the
                  word “the Value, if” and inserting in lieu thereof “any one or more of the
                  S&P Value, Moody’s First Trigger Value, or Moody’s Second Trigger
                  Value, as may be”. Paragraph 5(ii) is hereby amended by (1) deleting the
                  first instance of the words “the Value” and inserting in lieu thereof “any
                  one or more of the S&P Value, Moody’s First Trigger Value, or Moody’s
                  Second Trigger Value” and (2) deleting the second instance of the words
                  “the Value” and inserting in lieu thereof “such disputed S&P Value,
                  Moody’s First Trigger Value, or Moody’s Second Trigger Value”. Each of
                  Paragraph 8(b)(iv)(B) and Paragraph 11(a) is hereby amended by
                  deleting
                  the word “Value” and inserting in lieu thereof “least of the S&P
                  Value, Moody’s First Trigger Value, and Moody’s Second Trigger Value”.
                  

              

      

       

      
        	(iv)  	
                Form
                  of Annex. Party
                  A and Party B hereby agree that the text of Paragraphs 1 through
                  12,
                  inclusive, of this Annex is intended to be the printed form of
                  ISDA Credit
                  Support Annex (Bilateral Form - ISDA Agreements Subject to New
                  York Law
                  Only version) as published and copyrighted in 1994 by the International
                  Swaps and Derivatives Association,
                  Inc.

              

      

       

      
        	(v)  	
                Events
                  of Default.
                  Paragraph 7 will not apply to cause any Event of Default to exist
                  with
                  respect to Party B except that Paragraph 7(i) will apply to Party
                  B solely
                  in respect of Party B’s obligations under Paragraph 3(b) of the Credit
                  Support Annex. Notwithstanding anything to the contrary in Paragraph
                  7,
                  any failure by Party A to comply with or perform any obligation
                  to be
                  complied with or performed by Party A under the Credit Support
                  Annex shall
                  only be an Event of Default if (A) either
                  (i) a Moody’s Required Ratings Downgrade Event has occurred and been
                  continuing for 30 or more Local Business Days, or (ii) a S&P Required
                  Ratings Downgrade Event has occurred and been continuing for 30
                  or more
                  Local Business Days, and (B) such failure is not remedied on or
                  before the
                  third Local Business Day after notice of such failure is given
                  to Party
                  A.

              

      

       

      
        	(vi)  	
                Expenses.
                  Notwithstanding anything to the contrary in Paragraph 10, the Pledgor
                  will
                  be responsible for, and will reimburse the Secured Party for, all
                  transfer
                  and other taxes and other costs involved in any Transfer of Eligible
                  Collateral.

              

      

       

      
        	(vii)  	
                Withholding.
                  Paragraph 6(d)(ii) is hereby amended by inserting immediately after
“the
                  Interest Amount” in the fourth line thereof the words “less any applicable
                  withholding taxes.”

              

      

       

      
        	(viii)  	
                Notice
                  of Failure to Post Collateral. Upon
                  any failure by Party A to post collateral as required under this
                  Agreement, Party B shall, no later than the next Business Day after
                  the
                  date such collateral was required to be posted, give a written
                  notice of
                  such failure to Party A and to Depositor. For the avoidance of
                  doubt,
                  notwithstanding anything in this Agreement to the contrary, the
                  failure of
                  Party B to comply with the requirements of this paragraph shall
                  not
                  constitute an Event of Default or Termination Event.
                  

              

      

       

      (ix) 
         Additional
        Definitions.
        As used
        in this Annex:

       

      “Collateral
        Event” means
        that no Relevant Entity has credit ratings at least equal to the Approved
        Ratings Threshold.

       

      “Exposure”
        has the
        meaning specified in Paragraph 12, except that after the word “Agreement” the
        words “(assuming, for this purpose only, that Part 1(f) of the Schedule is
        deleted)” shall be inserted. 

       

      “Local
        Business Day”
means:
        any day on which (A) commercial banks are open for business (including dealings
        in foreign exchange and foreign currency deposits) in New York and the location
        of Party A, Party B and any Custodian, and (B) in relation to a Transfer
        of
        Eligible Collateral, any day on which the clearance system agreed between
        the
        parties for the delivery of Eligible Collateral is open for acceptance and
        execution of settlement instructions (or in the case of a Transfer of Cash
        or
        other Eligible Collateral for which delivery is contemplated by other means
        a
        day on which commercial banks are open for business (including dealings in
        foreign exchange and foreign deposits) in New York and the location of Party
        A,
        Party B and any Custodian. 

       

      “Moody’s
        First Trigger Event” means
        that no Relevant Entity has credit ratings from Moody’s at least equal to the
        Moody’s First Trigger Ratings Threshold.

       

      “Moody’s
        First Trigger Credit Support Amount” means,
        for any Valuation Date, the excess, if any, of

       

      
        	 	
                (I)

              	
                (A)

              	
                for
                  any Valuation Date on which (I) a Moody’s First Trigger Event has occurred
                  and has been continuing (x) for at least 30 Local Business Days
                  or (y)
                  since this Annex was executed and (II) it is not the case that
                  a Moody’s
                  Second Trigger Event has occurred and been continuing for at least
                  30
                  Local Business Days, an amount equal to the greater of (a) zero
                  and (b)
                  the sum of (i) the Secured Party’s Exposure for such Valuation Date and
                  (ii) the sum, for each Transaction to which this Annex relates,
                  of the
                  product of the applicable Moody’s First Trigger Factor set forth in Table
                  1 and the Notional Amount for such Transaction for the Calculation
                  Period
                  which includes such Valuation Date; or

              

      

       

      
        	 	
                (B)

              	
                for
                  any other Valuation Date, zero,
                  over

              

      

       

      (II)        
         the
        Threshold for Party A such Valuation Date.

       

      “Moody’s
        First Trigger Value”
        means,
        on any date and with respect to any Eligible Collateral other than Cash,
        the bid
        price obtained by the Valuation Agent multiplied by the Moody’s First Trigger
        Valuation Percentage for such Eligible Collateral set forth in Paragraph
        13(b)(ii).

       

      “Moody’s
        Second Trigger Event” means
        that no Relevant Entity has credit ratings from Moody’s at least equal to the
        Moody’s Second Trigger Ratings Threshold.

       

      “Moody’s
        Second Trigger Credit Support Amount”
        means,
        for any Valuation Date, the excess, if any, of

       

      
        	 	
                (I)

              	
                (A)

              	
                for
                  any Valuation Date on which it is the case that a Moody’s Second Trigger
                  Event has occurred and been continuing for at least 30 Local Business
                  Days, an amount equal to the greatest of (a) zero, (b) the aggregate
                  amount of the next payment due to be paid by Party A under each
                  Transaction to which this Annex relates, and (c) the sum of (x)
                  the
                  Secured Party’s Exposure for such Valuation Date and (y) the sum, for each
                  Transaction to which this Annex relates, of

              

      

       

      (1)
        if
        such Transaction is not a Transaction-Specific Hedge, the product of the
        applicable Moody’s Second Trigger Factor set forth in Table 2 and the Notional
        Amount for such Transaction for the Calculation Period which includes such
        Valuation Date;
        or

       

      (2)
        the
        product of the applicable Moody’s Second Trigger Factor set forth in Table 3 and
        the Notional Amount for such Transaction for the Calculation Period which
        includes such Valuation Date; or 

       

      
        	 	
                (B)

              	
                for
                  any other Valuation Date, zero,
                  over

              

      

       

      (II)         
        the
        Threshold for Party A for such Valuation Date.

       

      “Moody’s
        Second Trigger Value”
        means,
        on any date and with respect to any Eligible Collateral other than Cash,
        the bid
        price obtained by the Valuation Agent multiplied by the Moody’s Second Trigger
        Valuation Percentage for such Eligible Collateral set forth in Paragraph
        13(b)(ii).

       

      “Pricing
        Sources”
        means
        the sources of financial information commonly known as Bloomberg, Bridge
        Information Services, Data Resources Inc., Interactive Data Services,
        International Securities Market Association, Merrill Lynch Securities Pricing
        Service, Muller Data Corporation, Reuters, Wood Gundy, Trepp Pricing, JJ
        Kenny,
        S&P and Telerate.

       

      “S&P
        Credit Support Amount”
        means,
        for any Valuation Date, the excess, if any, of

       

      
        	 	
                (I)

              	
                (A)
                  

              	
                for
                  any Valuation Date on which (i) an S&P Rating Threshold Event has
                  occurred and been continuing for at least 30 days, or (ii) a S&P
                  Required Ratings Downgrade Event has occurred and is continuing,
                  an amount
                  equal to the sum of (1) 100.0% of the Secured Party’s Exposure for such
                  Valuation Date and (2) for each Transaction to which this Annex
                  relates,
                  of the product of the Volatility Buffer for such Transaction and
                  the
                  Notional Amount of such Transaction for the Calculation Period
                  of such
                  Transaction which includes such Valuation Date, or
                  

              

      

       

      
        	 	
                (B)

              	
                for
                  any other Valuation Date, zero,
                  over

              

      

       

      (II)        
         the
        Threshold for Party A for such Valuation Date.

       

      “S&P
        Rating Threshold Event”
        means,
        on any date, no Relevant Entity has credit ratings from S&P which equal or
        exceed the S&P Approved Ratings Threshold.

       

      “S&P
        Value”
        means,
        on any date and with respect to any Eligible Collateral other than Cash,
        the
        product of (A) the bid price obtained by the Valuation Agent for such Eligible
        Collateral and (B) the S&P Valuation Percentage for such Eligible Collateral
        set forth in paragraph 13(b)(ii).

       

      “Transaction
        Exposure”
        means,
        for any Transaction, Exposure determined as if such Transaction were the
        only
        Transaction between the Secured Party and the Pledgor.

       

      “Transaction-Specific
        Hedge” means
        any
        Transaction that is an interest rate cap, interest rate floor or interest
        rate
        swaption, or an interest rate swap if (x) the notional amount of the interest
        rate swap is “balance guaranteed” or (y) the notional amount of the interest
        rate swap for any Calculation Period otherwise is not a specific dollar amount
        that is fixed at the inception of the Transaction.

       

      “Valuation
        Percentage”
        shall
        mean, for purposes of determining the S&P Value, Moody’s First Trigger
        Value, or Moody’s Second Trigger Value with respect to any Eligible Collateral
        or Posted Collateral, the applicable S&P Valuation Percentage, Moody’s First
        Trigger Valuation Percentage, or Moody’s Second Trigger Valuation Percentage for
        such Eligible Collateral or Posted Collateral, respectively, in each case
        as set
        forth in Paragraph 13(b)(ii).

       

      “Value”
        shall
        mean, in respect of any date, the related S&P Value, the related Moody’s
        First Trigger Value, and the related Moody’s Second Trigger Value.

       

      “Volatility
        Buffer”
        means,
        for any Transaction, the related percentage set forth in the following table.
        

       

      
        	
                The
                  higher of the S&P short-term credit rating of (i) Party A and (ii) the
                  Credit Support Provider of Party A, if applicable

              	
                Remaining
                  Weighted Average Maturity 

                up
                  to 3 years

              	
                Remaining
                  Weighted Average Maturity

                up
                  to 5 years

              	
                Remaining
                  Weighted Average Maturity

                up
                  to 10 years

              	
                Remaining
                  Weighted Average Maturity

                up
                  to 30 years

              
	
                At
                  least “A-2”

              	
                2.75%

              	
                3.25%

              	
                4.00%

              	
                4.75%

              
	
                “A-3”

              	
                3.25%

              	
                4.00%

              	
                5.00%

              	
                6.25%

              
	
                “BB+”
                  or
                  lower

              	
                3.50%

              	
                4.50%

              	
                6.75%

              	
                7.50%

              

      

       

       

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        of this page intentionally left blank]

       

      
        
          
          

        

        
          
          

          
            

          

        

        
          
          

        

      

      Table
        1

       

      Moody’s
        First Trigger Factor

       

      
        	
                Remaining

                Weighted
                  Average Life 

                of
                  Hedge in Years

              	
                Daily

                Collateral

                Posting

              
	
                1
                  or less

              	
                0.15%

              
	
                More
                  than 1 but not more than 2

              	
                0.30%

              
	
                More
                  than 2 but not more than 3

              	
                0.40%

              
	
                More
                  than 3 but not more than 4

              	
                0.60%

              
	
                More
                  than 4 but not more than 5

              	
                0.70%

              
	
                More
                  than 5 but not more than 6

              	
                0.80%

              
	
                More
                  than 6 but not more than 7

              	
                1.00%

              
	
                More
                  than 7 but not more than 8

              	
                1.10%

              
	
                More
                  than 8 but not more than 9

              	
                1.20%

              
	
                More
                  than 9 but not more than 10

              	
                1.30%

              
	
                More
                  than 10 but not more than 11

              	
                1.40%

              
	
                More
                  than 11 but not more than 12

              	
                1.50%

              
	
                More
                  than 12 but not more than 13

              	
                1.60%

              
	
                More
                  than 13 but not more than 14

              	
                1.70%

              
	
                More
                  than 14 but not more than 15

              	
                1.80%

              
	
                More
                  than 15 but not more than 16

              	
                1.90%

              
	
                More
                  than 16 but not more than 17

              	
                2.00%

              
	
                More
                  than 17 but not more than 18

              	
                2.00%

              
	
                More
                  than 18 but not more than 19

              	
                2.00%

              
	
                More
                  than 19 but not more than 20

              	
                2.00%

              
	
                More
                  than 20 but not more than 21

              	
                2.00%

              
	
                More
                  than 21 but not more than 22

              	
                2.00%

              
	
                More
                  than 22 but not more than 23

              	
                2.00%

              
	
                More
                  than 23 but not more than 24

              	
                2.00%

              
	
                More
                  than 24 but not more than 25

              	
                2.00%

              
	
                More
                  than 25 but not more than 26

              	
                2.00%

              
	
                More
                  than 26 but not more than 27

              	
                2.00%

              
	
                More
                  than 27 but not more than 28

              	
                2.00%

              
	
                More
                  than 28 but not more than 29

              	
                2.00%

              
	
                More
                  than 29

              	
                2.00%

              

      

      

       

      
        
          
          

        

        
          
          

          
            

          

        

        
          
          

        

      

      Table
        2

       

      Moody’s
        Second Trigger Factor for Interest Rate Swaps with Fixed Notional
        Amounts

       

      
        	
                Remaining

                Weighted
                  Average Life 

                of
                  Hedge in Years

              	
                Daily

                Collateral

                Posting

              
	
                1
                  or less

              	
                0.50%

              
	
                More
                  than 1 but not more than 2

              	
                1.00%

              
	
                More
                  than 2 but not more than 3

              	
                1.50%

              
	
                More
                  than 3 but not more than 4

              	
                1.90%

              
	
                More
                  than 4 but not more than 5

              	
                2.40%

              
	
                More
                  than 5 but not more than 6

              	
                2.80%

              
	
                More
                  than 6 but not more than 7

              	
                3.20%

              
	
                More
                  than 7 but not more than 8

              	
                3.60%

              
	
                More
                  than 8 but not more than 9

              	
                4.00%

              
	
                More
                  than 9 but not more than 10

              	
                4.40%

              
	
                More
                  than 10 but not more than 11

              	
                4.70%

              
	
                More
                  than 11 but not more than 12

              	
                5.00%

              
	
                More
                  than 12 but not more than 13

              	
                5.40%

              
	
                More
                  than 13 but not more than 14

              	
                5.70%

              
	
                More
                  than 14 but not more than 15

              	
                6.00%

              
	
                More
                  than 15 but not more than 16

              	
                6.30%

              
	
                More
                  than 16 but not more than 17

              	
                6.60%

              
	
                More
                  than 17 but not more than 18

              	
                6.90%

              
	
                More
                  than 18 but not more than 19

              	
                7.20%

              
	
                More
                  than 19 but not more than 20

              	
                7.50%

              
	
                More
                  than 20 but not more than 21

              	
                7.80%

              
	
                More
                  than 21 but not more than 22

              	
                8.00%

              
	
                More
                  than 22 but not more than 23

              	
                8.00%

              
	
                More
                  than 23 but not more than 24

              	
                8.00%

              
	
                More
                  than 24 but not more than 25

              	
                8.00%

              
	
                More
                  than 25 but not more than 26

              	
                8.00%

              
	
                More
                  than 26 but not more than 27

              	
                8.00%

              
	
                More
                  than 27 but not more than 28

              	
                8.00%

              
	
                More
                  than 28 but not more than 29

              	
                8.00%

              
	
                More
                  than 29

              	
                8.00%

              

      

       

      
        
          
          

        

        
          
          

          
            

          

        

        
          
          

          
          

        

      

      Table
        3

       

      Moody’s
        Second Trigger Factor for Transaction-Specific Hedges

       

      
        	
                Remaining

                Weighted
                  Average Life 

                of
                  Hedge in Years

              	
                Daily

                Collateral

                Posting

              
	
                1
                  or less

              	
                0.65%

              
	
                More
                  than 1 but not more than 2

              	
                1.30%

              
	
                More
                  than 2 but not more than 3

              	
                1.90%

              
	
                More
                  than 3 but not more than 4

              	
                2.50%

              
	
                More
                  than 4 but not more than 5

              	
                3.10%

              
	
                More
                  than 5 but not more than 6

              	
                3.60%

              
	
                More
                  than 6 but not more than 7

              	
                4.20%

              
	
                More
                  than 7 but not more than 8

              	
                4.70%

              
	
                More
                  than 8 but not more than 9

              	
                5.20%

              
	
                More
                  than 9 but not more than 10

              	
                5.70%

              
	
                More
                  than 10 but not more than 11

              	
                6.10%

              
	
                More
                  than 11 but not more than 12

              	
                6.50%

              
	
                More
                  than 12 but not more than 13

              	
                7.00%

              
	
                More
                  than 13 but not more than 14

              	
                7.40%

              
	
                More
                  than 14 but not more than 15

              	
                7.80%

              
	
                More
                  than 15 but not more than 16

              	
                8.20%

              
	
                More
                  than 16 but not more than 17

              	
                8.60%

              
	
                More
                  than 17 but not more than 18

              	
                9.00%

              
	
                More
                  than 18 but not more than 19

              	
                9.40%

              
	
                More
                  than 19 but not more than 20

              	
                9.70%

              
	
                More
                  than 20 but not more than 21

              	
                10.00%

              
	
                More
                  than 21 but not more than 22

              	
                10.00%

              
	
                More
                  than 22 but not more than 23

              	
                10.00%

              
	
                More
                  than 23 but not more than 24

              	
                10.00%

              
	
                More
                  than 24 but not more than 25

              	
                10.00%

              
	
                More
                  than 25 but not more than 26

              	
                10.00%

              
	
                More
                  than 26 but not more than 27

              	
                10.00%

              
	
                More
                  than 27 but not more than 28

              	
                10.00%

              
	
                More
                  than 28 but not more than 29

              	
                10.00%

              
	
                More
                  than 29

              	
                10.00%

              

      

       

      
        
          
          

        

        
          
          

          
            

          

        

        
          
          

        

      

      IN
        WITNESS WHEREOF, the parties have executed this Annex by their duly authorized
        representatives as of the date of the Agreement.

       

      
        	
                HSBC
                  Bank USA, National Association

              	
                Deutsche
                  Bank National Trust Company, not individually but solely in its
                  capacity
                  as Trustee on behalf of the trust with respect to the First Franklin
                  Mortgage Loan Trust 2006-FF16, Asset-Backed Certificates, Series
                  2006-FF16

              
	
                By: _____________________________

                Name
                  

                Title:
                  

                Date:
                  

              	
                By: _____________________________

                Name:
                  

                Title:
                  

                Date:
                  

              

      

      

       

      
        
          
          

        

        
          
          

          
            

          

        

        
          
          

        

      

    

    
 

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    EXHIBIT
      O-2

     

    FORM
      OF
      INTEREST RATE CAP AGREEMENT

     

     

    

      

      

       

      HSBC
        Bank
        USA, National Association     

      452
        Fifth
        Avenue

      New
        York,
        NY 10018

      Fax:
        (212) 525-5517

      

      
        	
                DATE:

              	
                November
                  30, 2006 

              
	 	 
	
                TO:

              	
                Deutsche
                  Bank National Trust Company, not individually but solely in its
                  capacity
                  as Cap Trustee on behalf of the Cap Trust with respect to the First
                  Franklin Mortgage Loan Trust 2006-FF16, Asset-Backed Certificates,
                  Series
                  2006-FF16

              
	
                ATTENTION:

              	
                First
                  Franklin 2006-FF16 (GC06ZA) c/o

              
	 	
                Deutsche
                  Bank National Trust Company as Trustee

              
	 	
                1761
                  East St. Andrew Place

              
	 	
                Santa
                  Ana, CA 92705

              
	
                TELEPHONE:

              	
                (714)
                  247-6282

              
	
                FACSIMILE:

              	
                (714)
                  247-6285

              
	 	 
	 	 
	
                FROM:

              	
                HSBC
                  Bank USA, National Association

              
	
                FACSIMILE: 

              	
                212-525-5517

              
	 	 
	
                SUBJECT:

              	
                Fixed
                  Income Derivatives Confirmation 

              
	 	 
	
                REFERENCE
                  NUMBER:

              	
                412202HN/412203HN

              

      

      

      The
        purpose of this long-form confirmation (“Confirmation”)
        is to
        confirm the terms and conditions of the current Transaction entered into
        on the
        Trade Date specified below (the “Transaction”)
        between
        HSBC Bank USA, National Association (“Party
        A”) and
        Deutsche Bank National Trust Company, not individually, but solely as cap
        trustee (the “Cap Trustee”) on behalf of the cap trust with respect to the First
        Franklin Mortgage Loan Trust 2006-FF16 (the
“Cap
        Trust”) (“Party
        B”)
        created
        under the Pooling and Servicing Agreement, dated as of November 1, 2006,
        among
        Financial Asset Securities Corp., as Depositor, National City Home Loan
        Services, Inc., as Servicer and Deutsche Bank National Trust Company, as
        Trustee (the
        “Pooling
        and Servicing Agreement”).
        This
        Confirmation evidences a complete and binding agreement between you and us
        to
        enter into the Transaction on the terms set forth below and replaces any
        previous agreement between us with respect to the subject matter hereof.
        This
        Confirmation constitutes a “Confirmation”
        and also
        constitutes a “Schedule”
        as
        referred to in the ISDA Master Agreement, and Paragraph 13 of a Credit Support
        Annex to the Schedule. 

      

      
        	1.  	
                This
                  Confirmation shall supplement, form a part of, and be subject to
                  an
                  agreement in the form of the ISDA Master Agreement (Multicurrency
                  - Cross
                  Border) as published and copyrighted in 1992 by the International
                  Swaps
                  and Derivatives Association, Inc. (the “ISDA
                  Master Agreement”),
                  as if Party A and Party B had executed an agreement in such form
                  on the
                  date hereof, with a Schedule as set forth in Item 3 of this Confirmation,
                  and an ISDA Credit Support Annex (Bilateral Form - ISDA Agreements
                  Subject
                  to New York Law Only version) as published and copyrighted in 1994
                  by the
                  International Swaps and Derivatives Association, Inc., with Paragraph
                  13
                  thereof as set forth in Annex A hereto (the “Credit
                  Support Annex”).
                  For the avoidance of doubt, the Transaction described herein shall
                  be the
                  sole Transaction governed by such ISDA Master Agreement. In the
                  event of
                  any inconsistency among any of the following documents, the relevant
                  document first listed shall govern: (i) this Confirmation, exclusive
                  of
                  the provisions set forth in Item 3 hereof and Annex A hereto; (ii)
                  the
                  provisions set forth in Item 3 hereof, which are incorporated by
                  reference
                  into the Schedule; (iii) the Credit Support Annex; (iv) the Definitions;
                  and (v) the ISDA Master Agreement.

              

      

      

      Each
        reference herein to a “Section” (unless specifically referencing the Pooling and
        Servicing Agreement) or to a “Section” “of this Agreement” will be construed as
        a reference to a Section of the ISDA Master Agreement; each herein reference
        to
        a “Part” will be construed as a reference to the provisions herein deemed
        incorporated in a Schedule to the ISDA Master Agreement; each reference herein
        to a “Paragraph” will be construed as a reference to a Paragraph of the Credit
        Support Annex.

      

      

      
        
          
          

        

        
          
          

          
            

          

        

        
          
          

        

      

      
        	
                2.

              	
                The
                  terms of the particular Transaction to which this Confirmation
                  relates are
                  as follows:

              

      

      

      
        	
                Type
                  of Transaction:

              	
                Interest
                  Rate Cap

              
	 	 
	
                Notional
                  Amount:

              	
                With
                  respect to any Calculation Period, the amount set forth for such
                  period on
                  Schedule I attached hereto.

              
	 	 
	
                Trade
                  Date:

              	
                November
                  9, 2006

              
	 	 
	
                Effective
                  Date:

              	
                August
                  27, 2007

              
	 	 
	
                Termination
                  Date:

              	
                November
                  25, 2011, subject to adjustment in accordance with the Business
                  Day
                  Convention.

              
	 	 
	
                Fixed
                  Amount:

              	 
	 	 
	
                Fixed
                  Amount Payer:

              	
                Party
                  B

              
	 	 
	
                Fixed
                  Amount Payer 

              	 
	
                Payment
                  Date:

              	
                November
                  30, 2006

              
	 	 
	
                Fixed
                  Amount:

              	
                USD
                  1,557,545.00

              
	 	 
	
                Party
                  A Floating Amounts:

              	 
	 	 
	
                Floating
                  Rate Payer

              	 
	
                Period
                  End Dates:

              	
                The
                  25th
                  calendar day of each month during the Term of this Transaction,
                  commencing
                  September 25, 2007, and ending on the Termination Date, subject
                  to
                  adjustment in accordance with the Business Day
                  Convention.

              
	 	 
	
                Floating
                  Rate Payer 

              	 
	
                Payment
                  Dates:

              	
                Early
                  Payment - One Business Day preceding the 25th
                  calendar day of each month during the Term of this Transaction,
                  commencing
                  September 25, 2007, and ending on the Termination Date, subject
                  to
                  adjustment in accordance with the Business Day
                  Convention.

              
	 	 
	
                Cap
                  Rate:

              	
                5.300%

              
	 	 
	
                Floating
                  Rate Option:

              	
                USD-LIBOR-BBA;
                  provided, however, that if the Floating Rate Option for any Calculation
                  Period is greater than 9.000%, then the Floating Rate Option for
                  such
                  Calculation Period shall be deemed to be 9.000%.

              
	 	 
	
                Floating
                  Amount:

              	
                To
                  be determined in accordance with the following formula:

              
	 	 
	 	
                The
                  greater of (i) 250*(Floating Rate Option-Cap Rate)*Notional
                  Amount*Floating Rate Day Count Fraction, and (ii) zero.

              
	 	 
	
                Designated
                  Maturity:

              	
                One
                  month 

              
	 	 
	
                Floating
                  Rate Day 

              	 
	
                Count
                  Fraction:

              	
                Actual/360

              
	 	 
	
                Reset
                  Dates:

              	
                The
                  first day of each Calculation Period.

              
	 	 
	
                Compounding:

              	
                Inapplicable

              
	 	 
	
                Business
                  Days:

              	
                New
                  York

              
	 	 
	
                Business
                  Day Convention:

              	
                Following

              
	 	 
	
                Calculation
                  Agent:

              	
                Party
                  A

              

      

      

      

      
        
          
          

        

        
          
          

          
            

          

        

        
          
          

        

      

      
        	
                3.

              	
                Provisions
                  Deemed Incorporated in a Schedule to the ISDA Master
                  Agreement:

              

      

      

      
        	
                Part
                  1.

              	
                Termination
                  Provisions.

              

      

      

      For
        the
        purposes of this Agreement:-

      

      (a)         
         “Specified
        Entity”
        will not
        apply to Party A or Party B for any purpose. 

      

      
        	
                (b)

              	
                “Specified
                  Transaction”
                  will have the meaning specified in Section
                  14.

              

      

      

      
        	
                (c)

              	
                Events
                  of Default.

              

      

      

      The
        statement below that an Event of Default will apply to a specific party means
        that upon the occurrence of such an Event of Default with respect to such
        party,
        the other party shall have the rights of a Non-defaulting Party under Section
        6
        of this Agreement; conversely, the statement below that such event will not
        apply to a specific party means that the other party shall not have such
        rights.

      

      
        	(i)  	
                The
                  “Failure
                  to Pay or Deliver”
                  provisions of Section 5(a)(i) will apply to Party A and will apply
                  to
                  Party B; provided, however, that Section 5(a)(i) is hereby amended
                  by
                  replacing the word “third” with the word “first”; provided, further, that
                  notwithstanding anything to the contrary in Section 5(a)(i), any
                  failure
                  by Party A to comply with or perform any obligation to be complied
                  with or
                  performed by Party A under the Credit Support Annex shall not constitute
                  an Event of Default under Section 5(a)(i) unless (A) a Required
                  Ratings
                  Downgrade Event has occurred and been continuing for 30 or more
                  Local
                  Business Days, and (B) such failure is not remedied on or before
                  the third
                  Local Business Day after notice of such failure is given to Party
                  A.

              

      

      

      
        	(ii)  	
                The
                  “Breach
                  of Agreement”
                  provisions of Section 5(a)(ii) will apply to Party A and will not
                  apply to
                  Party B.

              

      

      

      
        	(iii)  	
                The
                  “Credit
                  Support Default”
                  provisions of Section 5(a)(iii) will apply to Party A and will
                  not apply
                  to Party B except that Section 5(a)(iii)(1) will apply to Party
                  B solely
                  in respect of Party B’s obligations under Paragraph 3(b) of the Credit
                  Support Annex; provided, however, that notwithstanding anything
                  to the
                  contrary in Section 5(a)(iii)(1), any failure by Party A to comply
                  with or
                  perform any obligation to be complied with or performed by Party
                  A under
                  the Credit Support Annex shall not constitute an Event of Default
                  under
                  Section 5(a)(iii) unless (A) a Required Ratings Downgrade Event
                  has
                  occurred and been continuing for 30 or more Local Business Days,
                  and (B)
                  such failure is not remedied on or before the third Local Business
                  Day
                  after notice of such failure is given to Party
                  A.

              

      

      

      
        	(iv)  	
                The
                  “Misrepresentation”
                  provisions of Section 5(a)(iv) will apply to Party A and will not
                  apply to
                  Party B. 

              

      

      

      
        	(v)  	
                The
                  “Default
                  under Specified Transaction”
                  provisions of Section 5(a)(v) will apply to Party A and will not
                  apply to
                  Party B.

              

      

      

      
        	(vi)  	
                The
                  “Cross
                  Default”
                  provisions of Section 5(a)(vi) will apply to Party A and will not
                  apply to
                  Party B. For purposes of Section 5(a)(vi), solely with respect
                  to Party
                  A:

              

      

      

      “Specified
        Indebtedness” will have the meaning specified in Section 14 , except that such
        term shall not include obligations in respect of deposits received in the
        ordinary course of Party A’s banking business.

      

      “Threshold
        Amount” means with respect to Party A an amount equal to three percent (3%) of
        the Shareholders’ Equity of Party A (as set forth in Party A’s Call Report) or,
        if applicable, the Eligible Guarantor. 

      

      “Shareholders’
        Equity” means with respect to an entity, at any time, the sum (as shown in the
        most recent annual audited financial statements of such entity) of (i) its
        capital stock (including preferred stock) outstanding, taken at par value,
        (ii)
        its capital surplus and (iii) its retained earnings, minus (iv) treasury
        stock,
        each to be determined in accordance with generally accepted accounting
        principles.

      

      
        	(vii)  	
                The
                  “Bankruptcy”
                  provisions of Section 5(a)(vii) will apply to Party A and will
                  apply to
                  Party B except that the provisions of Section 5(a)(vii)(2), (6)
                  (to the
                  extent that such provisions refer to any appointment contemplated
                  or
                  effected by the Pooling and Servicing Agreement or any appointment
                  to
                  which Party B has not become subject), (7) and (9) will not apply
                  to Party
                  B; provided that, with respect to Party B only, Section 5(a)(vii)(4)
                  is
                  hereby amended by adding after the words “against it” the words
                  “(excluding any proceeding or petition instituted or presented by
                  Party A
                  or its Affiliates)”, and Section 5(a)(vii)(8) is hereby amended by
                  deleting the words “to (7) inclusive” and inserting lieu thereof “, (3),
                  (4) as amended, (5), (6) as amended, or
                  (7)”.

              

      

      

      
        	(viii)  	
                The
                  “Merger
                  Without Assumption”
                  provisions of Section 5(a)(viii) will apply to Party A and will
                  not apply
                  to Party B.

              

      

      

      (d)         
         Termination
        Events.

      

      The
        statement below that a Termination Event will apply to a specific party means
        that upon the occurrence of such a Termination Event, if such specific party
        is
        the Affected Party with respect to a Tax Event, the Burdened Party with respect
        to a Tax Event Upon Merger (except as noted below) or the non-Affected Party
        with respect to a Credit Event Upon Merger, as the case may be, such specific
        party shall have the right to designate an Early Termination Date in accordance
        with Section 6 of this Agreement; conversely, the statement below that such
        an
        event will not apply to a specific party means that such party shall not
        have
        such right; provided, however, with respect to “Illegality” the statement that
        such event will apply to a specific party means that upon the occurrence
        of such
        a Termination Event with respect to such party, either party shall have the
        right to designate an Early Termination Date in accordance with Section 6
        of
        this Agreement.

      

      (i)          
         The
        “Illegality”
        provisions of Section 5(b)(i) will apply to Party A and will apply to Party
        B.

      

      
        	 	
                (ii)

              	
                The
                  “Tax
                  Event”
                  provisions of Section 5(b)(ii) will apply to Party A except that,
                  for
                  purposes of the application of Section 5(b)(ii) to Party A, Section
                  5(b)(ii) is hereby amended by deleting the words “(x) any action taken by
                  a taxing authority, or brought in a court of competent jurisdiction,
                  on or
                  after the date on which a Transaction is entered into (regardless
                  of
                  whether such action is taken or brought with respect to a party
                  to this
                  Agreement) or (y)”, and the “Tax
                  Event”
                  provisions of Section 5(b)(ii) will apply to Party B.
                  

              

      

      

      
        	 	
                (iii)

              	
                The
                  “Tax
                  Event Upon Merger”
                  provisions of Section 5(b)(iii) will apply to Party A and will
                  apply to
                  Party B, provided that Party A shall not be entitled to designate
                  an Early
                  Termination Date by reason of a Tax Event upon Merger in respect
                  of which
                  it is the Affected Party.

              

      

      

      
        	 	
                (iv)

              	
                The
                  “Credit
                  Event Upon Merger”
                  provisions of Section 5(b)(iv) will not apply to Party A and will
                  not
                  apply to Party B.

              

      

      

      
        	
                (e)

              	
                The
                  “Automatic
                  Early Termination”
                  provision of Section 6(a) will not apply to Party A and will not
                  apply to
                  Party B.

              

      

      

      (f)          
          Payments
        on Early Termination.
        For the
        purpose of Section 6(e) of this Agreement:

      

      
        	(i)  	
                Market
                  Quotation will apply, provided, however, that, in the event of
                  a
                  Derivative Provider Trigger Event, the following provisions will
                  apply:

              

      

      

      
        	 	
                (A)
                  

              	
                The
                  definition of Market Quotation in Section 14 shall be deleted in
                  its
                  entirety and replaced with the
                  following:

              

      

      

      “Market
        Quotation” means,
        with respect to one or more Terminated Transactions, a Firm Offer which is
        (1)
        made by a Reference Market-maker that is an Eligible Replacement, (2) for
        an
        amount that would be paid to Party B (expressed as a negative number) or
        by
        Party B (expressed as a positive number) in consideration of an agreement
        between Party B and such Reference Market-maker to enter into a Replacement
        Transaction, and (3) made on the basis that Unpaid Amounts in respect of
        the
        Terminated Transaction or group of Transactions are to be excluded but, without
        limitation, any payment or delivery that would, but for the relevant Early
        Termination Date, have been required (assuming satisfaction of each applicable
        condition precedent) after that Early Termination Date is to be
        included. 

      

      
        	 	
                (B)

              	
                The
                  definition of Settlement Amount shall be deleted in its entirety
                  and
                  replaced with the following:

              

      

      

      “Settlement
        Amount”
        means,
        with respect to any Early Termination Date, an amount (as determined by Party
        B)
        equal to: 

      

      
        	 	
                (a)

              	
                If
                  a Market Quotation for the relevant Terminated Transaction or group
                  of
                  Terminated Transactions is accepted by Party B so as to become
                  legally
                  binding on or before the day falling ten Local Business Days after
                  the day
                  on which the Early Termination Date is designated, or such later
                  day as
                  Party B may specify in writing to Party A, but in either case no
                  later
                  than one Local Business Day prior to the Early Termination Date
                  (such day,
                  the “Latest Settlement Amount Determination Day”), the Termination
                  Currency Equivalent of the amount (whether positive or negative)
                  of such
                  Market Quotation; 

              

      

      

      
        	 	
                (b)

              	
                If,
                  on the Latest Settlement Amount Determination Day, no Market Quotation
                  for
                  the relevant Terminated Transaction or group of Terminated Transactions
                  has been accepted by Party B so as to become legally binding and
                  one or
                  more Market Quotations from
                  Approved Replacements have
                  been made and remain capable of becoming legally binding upon acceptance,
                  the Settlement Amount shall equal the Termination Currency Equivalent
                  of
                  the amount (whether positive or negative) of the lowest of such
                  Market
                  Quotations (for the avoidance of doubt, the lowest of such Market
                  Quotations shall be the lowest Market Quotation of
                  such Market Quotations
                  expressed as a positive number or, if any of such Market Quotations
                  is
                  expressed as a negative number, the Market Quotation expressed
                  as a
                  negative number with the largest absolute value);
                  or

              

      

      

      
        	 	
                (c)

              	
                If,
                  on the Latest Settlement Amount Determination Day, no Market Quotation
                  for
                  the relevant Terminated Transaction or group of Terminated Transactions
                  is
                  accepted by Party B so as to become legally binding and no Market
                  Quotation from an Approved Replacement remains capable of becoming
                  legally
                  binding upon acceptance, the Settlement Amount shall equal Party
                  B’s Loss
                  (whether positive or negative and without reference to any Unpaid
                  Amounts)
                  for the relevant Terminated Transaction or group of Terminated
                  Transactions.

              

      

      

      
        	 	
                (C)

              	
                If
                  Party B requests Party A in writing to obtain Market Quotations,
                  Party A
                  shall use its reasonable efforts to do so before the Latest Settlement
                  Amount Determination Day.

              

      

      

      
        	 	
                (D)

              	
                If
                  the Settlement Amount is a negative number, Section 6(e)(i)(3)
                  shall be
                  deleted in its entirety and replaced with the
                  following:

              

      

      

      “(3)
        Second
        Method and Market Quotation.
        If the
        Second Method and Market Quotation apply, (I) Party B shall pay to Party
        A an
        amount equal to the absolute value of the Settlement Amount in respect of
        the
        Terminated Transactions, (II) Party B shall pay to Party A the Termination
        Currency Equivalent of the Unpaid Amounts owing to Party A and (III) Party
        A
        shall pay to Party B the Termination Currency Equivalent of the Unpaid Amounts
        owing to Party B; provided, however, that (x) the amounts payable under the
        immediately preceding clauses (II) and (III) shall be subject to netting
        in
        accordance with Section 2(c) of this Agreement and (y) notwithstanding any
        other
        provision of this Agreement, any amount payable by Party A under the immediately
        preceding clause (III) shall not be netted-off against any amount payable
        by
        Party B under the immediately preceding clause (I).”

       

      
        	 	
                (E)

              	
                At
                  any time on or before the Latest Settlement Amount Determination
                  Day at
                  which two or more Market Quotations from Approved Replacements
                  remain
                  capable of becoming legally binding upon acceptance, Party B shall
                  be
                  entitled to accept only the lowest of such Market Quotations (for
                  the
                  avoidance of doubt, the lowest of such Market Quotations shall
                  be the
                  lowest Market Quotation of such Market Quotations expressed as
                  a positive
                  number or, if any of such Market Quotations is expressed as a negative
                  number, the Market Quotation expressed as a negative number with
                  the
                  largest absolute value).

              

      

      

      
        	(ii)  	
                The
                  Second Method will apply.

              

      

      

      (g)         
         “Termination
        Currency”
        means
        USD.

      

      (h)         
          Additional
        Termination Events.
        Additional Termination Events will apply as provided in Part 5(c).

      
        
          
          

        

        
          
          

          
            

          

        

        
          
          

        

      

      Part
        2.  Tax
        Matters.

      

      (a) Tax
        Representations. 

      

      
        	 	
                (i)

              	
                Payer
                  Representations.
                  For the purpose of Section 3(e) of this Agreement:
                  

              

      

       

      (A)        
         Party
        A
        makes the following representation(s):

      

      It
        is not
        required by any applicable law, as modified by the practice of any relevant
        governmental revenue authority, of any Relevant Jurisdiction to make any
        deduction or withholding for or on account of any Tax from any payment (other
        than interest under Section 2(e), 6(d)(ii) or 6(e) of this Agreement) to
        be made
        by it to the other party under this Agreement. In making this representation,
        it
        may rely on: the accuracy of any representations made by the other party
        pursuant to Section 3(f) of this Agreement; (ii) the satisfaction of the
        agreement contained in Section 4(a)(i) or 4(a)(iii) of this Agreement and
        the
        accuracy and effectiveness of any document provided by the other party pursuant
        to Section 4(a)(i) or 4(a)(iii) of this Agreement; and (iii) the satisfaction
        of
        the agreement of the other party contained in Section 4(d) of this Agreement,
        provided that it shall not be a breach of this representation where reliance
        is
        placed on clause (ii) and the other party does not deliver a form or document
        under Section 4(a)(iii) by reason of material prejudice to its legal or
        commercial position.

      
        	 	 	 

      

      (B)        
         Party
        B
        makes the following representation(s):

      

      None.

      

      (ii)
         Payee
        Representations.
        For the
        purpose of Section 3(f) of this Agreement: 

       

      (A)
                 Party
        A
        makes the following representation(s):

      

      Party
        A
        is a national banking association organized under the federal laws of the
        United
        States and its U.S. taxpayer identification number is 20-1177241. 

      
        	 	 	 

      

      (B)        
         Party
        B
        makes the following representation(s):

      

      None. 

      

      
        	
                (b)

              	
                Tax
                  Provisions.

              

      

      

      
        	 	
                (i)

              	
                Gross
                  Up.
                  Section 2(d)(i)(4) shall not apply to Party B as X, and Section
                  2(d)(ii)
                  shall not apply to Party B as Y, in each case such that Party B
                  shall not
                  be required to pay any additional amounts referred to
                  therein.

              

      

      

      
        	 	
                (ii)

              	
                Indemnifiable
                  Tax.
                  The definition of “Indemnifiable Tax” in Section 14 is deleted in its
                  entirety and replaced with the
                  following:

              

      

      

      “Indemnifiable
        Tax”
        means,
        in relation to payments by Party A, any Tax and, in relation to payments
        by
        Party B, no Tax. 

      

       

      
        
          
          

        

        
          
          

          
            

          

        

        
          
          

        

      

      Part
        3.  Agreement
        to Deliver Documents.  

      

      (a) For
        the
        purpose of Section 4(a)(i), tax forms, documents, or certificates to be
        delivered are:

      

      
        	
                Party
                  required to deliver document

              	 	
                Form/Document/

                Certificate

              	 	
                Date
                  by which to

                be
                  delivered

              
	
                Party
                  A

              	 	
                A
                  correct, complete and duly executed U.S. Internal Revenue Service
                  Form W-9
                  or other applicable form (or successor thereto), together with
                  appropriate
                  attachments, that eliminates U.S. federal withholding and backup
                  withholding Tax on payments to Party A under this
                  Agreement.

              	 	
                (i)
                  upon execution of this Agreement, (ii) on or before the first payment
                  date
                  under this Agreement, including any Credit Support Document, (iii)
                  promptly upon the reasonable demand by Party B, (iv) prior to the
                  expiration or obsolescence of any previously delivered form, and
                  (v)
                  promptly upon the information on any such previously delivered
                  form
                  becoming inaccurate or incorrect.

              
	 	 	 	 	 
	
                Party
                  B

              	 	
                Party
                  B will deliver at closing a U.S. Internal Revenue Service Form
                  W-9 or
                  other applicable form (or successor thereto) relating to the beneficial
                  owner of payments to Party B under this Agreement, together with
                  appropriate attachments, and may deliver other tax forms relating
                  to the
                  beneficial owner of payments to Party B under this Agreement from
                  time to
                  time.

              	 	
                (i)
                  upon execution of this Agreement, (ii) on or before the first payment
                  date
                  under this Agreement, including any Credit Support Document, (iii)
                  promptly upon the reasonable demand by Party A, (iv) prior to the
                  expiration or obsolescence of any previously delivered form, and
                  (v)
                  promptly upon the information on any such previously delivered
                  form
                  becoming inaccurate or incorrect.

              

      

      

      

      
        
          
          

        

        
          
          

          
            

          

        

        
          
          

        

      

      (b) For
        the
        purpose of Section 4(a)(ii), other documents to be delivered are:

      

      
        	
                Party
                  required to deliver document

              	 	
                Form/Document/

                Certificate

              	 	
                Date
                  by which to

                be
                  delivered

              	 	
                Covered
                  by Section 3(d) Representation

              
	
                Party
                  A and

                Party
                  B

              	 	
                Any
                  documents required by the receiving party to evidence the authority
                  of the
                  delivering party or its Credit Support Provider, if any, for it
                  to execute
                  and deliver the Agreement, this Confirmation, and any Credit Support
                  Documents to which it is a party, and to evidence the authority
                  of the
                  delivering party or its Credit Support Provider to perform its
                  obligations
                  under the Agreement, this Confirmation and any Credit Support Document,
                  as
                  the case may be

              	 	
                Upon
                  the execution and delivery of this Agreement

              	 	
                Yes

              
	 	 	 	 	 	 	 
	
                Party
                  A and

                Party
                  B

              	 	
                A
                  certificate of an authorized officer of the party, as to the incumbency
                  and authority of the respective officers of the party signing the
                  Agreement, this Confirmation, and any relevant Credit Support Document,
                  as
                  the case may be

              	 	
                Upon
                  the execution and delivery of this Agreement

              	 	
                Yes

              
	 	 	 	 	 	 	 
	
                Party
                  A

              	 	
                Annual
                  Financial Statements as set forth in Party A’s Call Report containing
                  consolidated financial statements certified by independent certified
                  public accountants and prepared in accordance with generally accepted
                  accounting principles in the country in which Party A is
                  organized

              	 	
                Promptly
                  upon request made by Party B

              	 	
                Yes

              
	 	 	 	 	 	 	 
	
                Party
                  A

              	 	
                Quarterly
                  Financial Statements as set forth in Party A’s Call Report containing
                  unaudited, consolidated financial statements of Party A’s fiscal quarter
                  prepared in accordance with generally accepted accounting principles
                  in
                  the country in which Party A is organized

              	 	
                Promptly
                  upon request made by Party B

              	 	
                Yes

              
	 	 	 	 	 	 	 
	
                Party
                  A

              	 	
                An
                  opinion of counsel to Party A satisfactory in form and substance
                  to Party
                  B

              	 	
                Upon
                  the execution and delivery of this Agreement

              	 	
                No

              
	 	 	 	 	 	 	 

      

      

      Part
        4. Miscellaneous. 

      

      
        	
                (a)

              	
                Address
                  for Notices:
                  For the purposes of Section 12(a) of this
                  Agreement:

              

      

      

      Address
        for notices or communications to Party A:

      

      
        	
                Address:
                  

              	
                452
                  Fifth Avenue, New York, NY 10018

              
	
                Attention:

              	
                Christian
                  McGreevy

              
	
                Facsimile:

              	
                212-525-8710

              
	
                Telephone:
                  

              	
                212-525-5517

              

      

      

       

      Please
        direct all settlement inquiries to:

       

      

      HSBC
        Bank USA, National Association

      Derivative
        Settlements

      
        	
                Attention:

              	
                Jeffrey
                  Lombino

              
	
                Telephone:

              	
                (212)
                  525-5393

              
	
                Fax:

              	
                (212)
                  525-6903

              

      

      

      (For
        all
        purposes)

      

      Address
        for notices or communications to Party B:

      

      
        	
                Attention:

              	
                First
                  Franklin 2006-FF16 (GC06ZA) c/o

              
	 	
                Deutsche
                  Bank National Trust Company as Trustee

              
	 	
                1761
                  East St. Andrew Place

              
	 	
                Santa
                  Ana, CA 92705

              
	
                Telephone:

              	
                (714)
                  247-6282

              
	
                Facsimile:

              	
                (714)
                  247-6285

              

      

      

      (For
        all
        purposes)

      

      (b) Process
        Agent.
        For the
        purpose of Section 13(c):

      

      Party
        A
        appoints as its Process Agent: Not applicable.

      

      Party
        B
        appoints as its Process Agent: Not applicable.

      

      
        	
                (c)

              	
                Offices.
                  The provisions of Section 10(a) will apply to this Agreement; neither
                  Party A nor Party B has any Offices other than as set forth in
                  the Notices
                  Section and Party A agrees that, for purposes of Section 6(b) of
                  this
                  Agreement, it shall not in the future have any Office other than
                  one in
                  the United States.

              

      

      

      
        	
                (d)

              	
                Multibranch
                  Party.
                  For the purpose of Section 10(c) of this
                  Agreement:

              

      

      

      Party
        A
        is not a Multibranch Party.

      

      
        	 	
                Party
                  B is not a Multibranch Party.

              

      

      

      
        	
                (e)

              	
                Calculation
                  Agent.
                  The Calculation Agent is Party A; provided, however, that if an
                  Event of
                  Default shall have occurred with respect to Party A, Party B shall
                  have
                  the right to appoint as Calculation Agent a third party, reasonably
                  acceptable to Party A, the cost for which shall be borne by Party
                  A.

              

      

      

      (f) Credit
        Support Document. 

       

      
        	
                Party
                  A:

              	
                The
                  Credit Support Annex, and any guarantee in support of Party A’s
                  obligations under this Agreement.

              
	 	 
	
                Party
                  B:

              	
                The
                  Credit Support Annex, solely in respect of Party B’s obligations under
                  Paragraph 3(b) of the Credit Support
                  Annex.

              

      

      

      
        	
                (g)

              	
                Credit
                  Support Provider.

              

      

      

      
        	
                Party
                  A:

              	
                The
                  guarantor under any guarantee in support of Party A’s obligations under
                  this Agreement.

              
	 	 
	
                Party
                  B:

              	
                None.

              

      

      

      
        	
                (h)

              	
                Governing
                  Law.
                  The parties to this Agreement hereby agree that the law of the
                  State of
                  New York shall govern their rights and duties in whole, without
                  regard to
                  the conflict of law provisions thereof other than New York General
                  Obligations Law Sections 5-1401 and 5-1402.

              

      

      

      
        	
                (i)

              	
                Netting
                  of Payments.
                  The parties agree that subparagraph (ii) of Section 2(c) will apply
                  to
                  each Transaction hereunder. 

              

      

      

      
        	
                (j)

              	
                Affiliate.“Affiliate”
                  shall have the meaning assigned thereto in Section 14; provided,
                  however,
                  that Party A and Party B shall be deemed to have no Affiliates
                  for
                  purposes of this Agreement, including for purposes of Section
                  6(b)(ii).

              

      

       

      Part
        5.  Others
        Provisions.

      

      
        	
                (a)

              	
                Definitions.
                  Unless
                  otherwise specified in a Confirmation, this Agreement and each
                  Transaction
                  under this Agreement are subject to the 2000 ISDA Definitions as
                  published
                  and copyrighted in 2000 by the International Swaps and Derivatives
                  Association, Inc. (the “Definitions”),
                  and will be governed in all relevant respects by the provisions
                  set forth
                  in the Definitions, without regard to any amendment to the Definitions
                  subsequent to the date hereof. The provisions of the Definitions
                  are
                  hereby incorporated by reference in and shall be deemed a part
                  of this
                  Agreement, except that (i) references in the Definitions to a “Swap
                  Transaction” shall be deemed references to a “Transaction” for purposes of
                  this Agreement, and (ii) references to a “Transaction” in this Agreement
                  shall be deemed references to a “Swap Transaction” for purposes of the
                  Definitions. Each term capitalized but not defined in this Agreement
                  shall
                  have the meaning assigned thereto in the Pooling and Servicing
                  Agreement.

              

      

       

      (b)           Amendments
        to ISDA Master Agreement.

      

      
        	 	
                (i)

              	
                Single
                  Agreement.
                  Section 1(c) is hereby amended by the adding the words “including, for the
                  avoidance of doubt, the Credit Support Annex” after the words “Master
                  Agreement”. 

              

      

      

      (ii)        
         Conditions
        Precedent. Section
        2(a)(iii) is hereby amended by adding the following at the end thereof:

      

      Notwithstanding
        anything to the contrary in Section 2(a)(iii)(1), if an Event of Default
        with
        respect to Party B or Potential Event of Default with respect to Party B
        has
        occurred and been continuing for more than 30 Local Business Days and no
        Early
        Termination Date in respect of the Affected Transactions has occurred or
        been
        effectively designated by Party A, the obligations of Party A under Section
        2(a)(i) shall cease to be subject to the condition precedent set forth in
        Section 2(a)(iii)(1) with respect to such specific occurrence of such Event
        of
        Default or such Potential Event of Default (the “Specific
        Event”);
        provided, however, for the avoidance of doubt, the obligations of Party A
        under
        Section 2(a)(i) shall be subject to the condition precedent set forth in
        Section
        2(a)(iii)(1) (subject to the foregoing) with respect to any subsequent
        occurrence of the same Event of Default with respect to Party B or Potential
        Event of Default with respect to Party B after the Specific Event has ceased
        to
        be continuing and with respect to any occurrence of any other Event of Default
        with respect to Party B or Potential Event of Default with respect to Party
        B
        that occurs subsequent to the Specific Event. 

      

      
        	 	
                (iii)

              	
                Change
                  of Account.
                  Section 2(b) is hereby amended by the addition of the following
                  after the
                  word “delivery” in the first line
                  thereof:

              

      

       

      “to
        another account in the same legal and tax jurisdiction as the original
        account”.

      

      
        	 	
                (iv)

              	
                Representations.
                  Section 3 is hereby amended by adding at the end thereof the following
                  subsection (g): 

              

      

      

      
        	 	
                “(g)

              	
                Relationship
                  Between Parties. 

              

      

      

      
        	 	
                (1)

              	
                Nonreliance.
                  (i) It is not relying on any statement or representation of the
                  other
                  party regarding the Transaction (whether written or oral), other
                  than the
                  representations expressly made in this Agreement or the Confirmation
                  in
                  respect of that Transaction and (ii) it has consulted with its
                  own legal,
                  regulatory, tax, business, investment, financial and accounting
                  advisors
                  to the extent it has deemed necessary, and it has made its own
                  investment,
                  hedging and trading decisions based upon its own judgment and upon
                  any
                  advice from such advisors as it has deemed necessary and not upon
                  any view
                  expressed by the other party.

              

      

       

      
        	 	
                (2)

              	
                Evaluation
                  and Understanding. (i) It has the capacity to evaluate (internally
                  or
                  through independent professional advice) the Transaction and has
                  made its
                  own decision subject to Section 6(n) of this Agreement to enter
                  into the
                  Transaction and (ii) It understands the terms, conditions and risks
                  of the
                  Transaction and is willing and able to accept those terms and conditions
                  and to assume those risks, financially and otherwise.
                  

              

      

      

      
        	 	
                (3)

              	
                Purpose.
                  It is entering into the Transaction for the purposes of managing
                  its
                  borrowings or investments, hedging its underlying assets or liabilities
                  or
                  in connection with a line of business.

              

      

      

      
        	 	
                (4)

              	
                Status
                  of Parties. The other party is not acting as an agent, fiduciary
                  or
                  advisor for it in respect of the Transaction.

              

      

      

      
        	 	
                (5)

              	
                Eligible
                  Contract Participant. It is an “eligible swap participant” as such term is
                  defined in, Section 35.1(b)(2) of the regulations (17 C.F.R. 35)
                  promulgated under, and an “eligible contract participant” as defined in
                  Section 1(a)(12) of the Commodity Exchange Act, as
                  amended.”

              

      

      

      
        	 	
                (v)

              	
                Transfer
                  to Avoid Termination Event.
                  Section 6(b)(ii) is hereby amended by (i) deleting the words “or if a Tax
                  Event Upon Merger occurs and the Burdened Party is the Affected
                  Party,”
                  and (ii) by deleting the words “to transfer” and inserting the words “to
                  effect a Permitted Transfer” in lieu
                  thereof.

              

      

      

      
        	 	
                (vi)

              	
                Jurisdiction.
                  Section
                  13(b) is hereby amended by: (i) deleting in the second line of
                  subparagraph (i) thereof the word "non-", (ii) deleting “; and” from the
                  end of subparagraph 1 and inserting “.” in lieu thereof, and (iii)
                  deleting the final paragraph
                  thereof.

              

      

      

      
        	 	
                (vii)

              	
                Local
                  Business Day.
                  The definition of Local Business Day in Section 14 is hereby amended
                  by
                  the addition of the words “or any Credit Support Document” after “Section
                  2(a)(i)” and the addition of the words “or Credit Support Document” after
                  “Confirmation”. 

              

      

      

      
        	
                (c)

              	
                Additional
                  Termination Events.
                  The following Additional Termination Events will
                  apply:

              

      

      

      
        	(i)  	
                First
                  Rating Trigger Collateral.
                  If
                  (A) it is not the case that a Moody’s Second Trigger Ratings Event has
                  occurred and been continuing for 30 or more Local Business Days
                  and (B)
                  Party
                  A has failed to comply with or perform any obligation to be complied
                  with
                  or performed by Party A in accordance with the Credit Support Annex,
                  then
                  an Additional Termination Event shall have occurred with respect
                  to Party
                  A and Party A shall be the sole Affected Party with respect to
                  such
                  Additional Termination Event. 

              

      

      

      
        	(ii)  	
                Second
                  Rating Trigger Replacement.
                  If
                  (A) a Required Ratings Downgrade Event has occurred and been continuing
                  for 30 or more Local Business Days and (B) (i) at least one Eligible
                  Replacement has made a Firm Offer to be the transferee of all of
                  Party A’s
                  rights and obligations under this Agreement (and such Firm Offer
                  remains
                  an offer that will become legally binding upon such Eligible Replacement
                  upon acceptance by the offeree) and/or (ii) an Eligible Guarantor
                  has made
                  a Firm Offer to provide an Eligible Guarantee (and such Firm Offer
                  remains
                  an offer that will become legally binding upon such Eligible Guarantor
                  immediately upon acceptance by the offeree), then an Additional
                  Termination Event shall have occurred with respect to Party A and
                  Party A
                  shall be the sole Affected Party with respect to such Additional
                  Termination Event. 

              

      

      

      
        	 	
                (iii)

              	
                [Reserved]

              

      

      

      
        	 	
                (iv)

              	
                Regulation
                  AB.
                  If, upon the occurrence of a Swap Disclosure Event (as defined
                  in Part
                  5(e) below) Party A has not, within five (5) Business Days after
                  such Swap
                  Disclosure Event (without giving effect to any grace period otherwise
                  provided herein or otherwise) complied with any of the provisions
                  set
                  forth in Part 5(e)(iii) below, then an Additional Termination Event
                  shall
                  have occurred with respect to Party A and Party A shall be the
                  sole
                  Affected Party with respect to such Additional Termination
                  Event.

              

      

      

      
        	 	
                (v)

              	
                Optional
                  Termination of Securitization.
                  An
                  Additional Termination Event shall occur upon the notice to
                  Certificateholders of an Optional Termination becoming unrescindable
                  in
                  accordance with Article X of the Pooling and Servicing Agreement.
                  Party B
                  shall be the sole Affected Party with respect to such Additional
                  Termination Event; provided, however, that notwithstanding anything
                  to the
                  contrary in Section 6(b)(iv), only Party B may designate an Early
                  Termination Date in respect of this Additional Termination Event.
                  

              

      

      

      
        	
                (d)

              	
                Required
                  Ratings Downgrade Event.
                  In
                  the event that no Relevant Entity has credit ratings at least equal
                  to the
                  Required Ratings Threshold (such event, a “Required
                  Ratings Downgrade Event”),
                  then Party A shall, as soon as reasonably practicable and so long
                  as a
                  Required Ratings Downgrade Event is in effect, at its own expense,
                  using
                  commercially reasonable efforts, procure either (A) a Permitted
                  Transfer
                  or (B) an Eligible Guarantee from an Eligible Guarantor.
                  

              

      

      

      (e)        
          Compliance
        with Regulation AB. 

      

      (i) It
        shall
        be a swap disclosure event (“Swap Disclosure Event”) if, at any time after the
        date hereof while the Depositor has reporting obligations with respect to
        this
        Transaction pursuant to Regulation AB, the Depositor or Greenwich Capital
        Financial Products, Inc. (the “Sponsor”) notifies Party A that the aggregate
“significance percentage” (calculated in accordance with the provisions of Item
        1115 of Regulation AB) of all derivative instruments provided by Party A
        and any
        of its affiliates to Party B (collectively, the “Aggregate Significance
        Percentage”) is 10% or more.

       

      (ii) Upon
        the
        occurrence of a Swap Disclosure Event while the Depositor has reporting
        obligations with respect to this Transaction pursuant to Regulation AB, Party
        A,
        at its own cost and expense (and without any expense or liability to the
        Depositor, the Sponsor, the Underwriters, the Depositor, the Trustee or the
        Issuing Entity), shall take one of the following actions:

       

      (a) provide
        to the Sponsor and the Depositor: (i) if the Aggregate Significance Percentage
        is 10% or more, but less than 20%, either, at the sole discretion of Party
        A,
        the information required under Item 1115(b)(1) or Item 1115(b)(2) of Regulation
        AB or (ii) if the Aggregate Significance Percentage is 20% or more, within
        five
        (5) Business Days, the information required under Item 1115(b)(2) of Regulation
        AB; or

       

      (b) assign
        its rights and delegate its obligations under the Transaction to a counterparty
        with the Approved Ratings Thresholds (and which satisfies the Rating Agency
        Condition), that (x) provides the information specified in clause (a) above
        to
        the Depositor and Sponsor and (y) enters into documentation substantially
        similar to the documentation then in place between Party A and Party
        B

      

       

      (iii)
        For
        so long as the Aggregate Significance Percentage is 10% or more the Depositor
        has reporting obligations with respect to this Transaction, Party A shall
        provide any updates to the information provided pursuant to clause (ii)(a)
        above
        to the Sponsor and the Depositor within five (5) Business Days following
        the
        availability thereof (but in no event more than 45 days after the end of
        each of
        Party A’s fiscal quarter for any quarterly update, and in no event more than 90
        days after the end of Party A’s fiscal year for any annual update).

       

      (iv) All
        information provided pursuant to clause (ii) shall be in a form suitable
        for
        conversion to the format required for filing by the Depositor with the
        Commission via the Electronic Data Gathering and Retrieval System (EDGAR).
        The
        parties hereto acknowledge that electronic files in Adobe Acrobat format
        will be
        deemed to satisfy the requirements of this Part 5(e)(iv). In addition, any
        such
        information, if audited, shall be accompanied by any necessary auditor’s
        consents or, if such information is unaudited, shall be accompanied by an
        appropriate agreed-upon procedures letter from Party A’s accountants. If
        permitted by Regulation AB, any such information may be provided by reference
        to
        or incorporation by reference from reports filed pursuant to the Exchange
        Act.

      

      (v) Each
        of
        the Depositor and Sponsor shall be an express third party beneficiary of
        this
        Agreement as if a party hereto to the extent of Depositor’s and Sponsor’s rights
        explicitly specified herein.

      

      
        	
                (f)

              	
                Transfers. 

              

      

       

      (i)           
         Section
        7
        is hereby amended to read in its entirety as follows:

       

      “Subject
        to Section 6(b)(ii), Part 5(d), and Part 5(e), neither Party A nor Party
        B is
        permitted to assign, novate or transfer (whether by way of security or
        otherwise) as a whole or in part any of its rights, obligations or interests
        under the Agreement or any Transaction without (a) the prior written consent
        of
        the other party and (b) satisfaction of the Rating Agency Condition with
        respect
        to S&P.” 

       

      
        	 	
                (ii)

              	
                If
                  an Eligible Replacement has made a Firm Offer (which remains an
                  offer that
                  will become legally binding upon acceptance by Party B) to be the
                  transferee pursuant to a Permitted Transfer, Party B shall, at
                  Party A’s
                  written request and at Party A’s expense, take any reasonable steps
                  required to be taken by Party B to effect such transfer.
                  

              

      

       

      
        	
                (g)

              	
                Non-Recourse.
                  Party A acknowledges and agree that, notwithstanding any provision
                  in this
                  Agreement to the contrary, the obligations of Party B hereunder
                  are
                  limited recourse obligations of Party B, payable solely in accordance
                  with
                  the priority of payments and other terms of the Pooling and Servicing
                  Agreement and that Party A will not have any recourse to any of
                  the
                  directors, officers, employees, shareholders or affiliates of the
                  Party B
                  with respect to any claims, losses, damages, liabilities, indemnities
                  or
                  other obligations in connection with any transactions contemplated
                  hereby.
                  This provision will survive the termination of this
                  Agreement.

              

      

      

      
        	
                (h)

              	
                Limitation
                  on Events of Default. Notwithstanding
                  the provisions of Sections 5 and 6, if at any time and so long
                  as Party B
                  has satisfied in full all its payment obligations under Section
                  2(a)(i)
                  and has at the time no future payment obligations, whether absolute
                  or
                  contingent, under such Section, then unless Party A is required
                  pursuant
                  to appropriate proceedings to return to Party B or otherwise returns
                  to
                  Party B upon demand of Party B any portion of any such payment,
                  (a) the
                  occurrence of an event described in Section 5(a) with respect to
                  Party B
                  shall not constitute an Event of Default or Potential Event of
                  Default
                  with respect to Party B as Defaulting Party and (b) Party A shall
                  be
                  entitled to designate an Early Termination Date pursuant to Section
                  6 only
                  as a result of the occurrence of a Termination Event set forth
                  in either
                  Section 5(b)(i) or 5(b)(ii) with respect to Party A as the Affected
                  Party,
                  or Section 5(b)(iii) with respect to Party A as the Burdened Party.
                  For
                  purposes of the Transaction to which this Agreement relates, Party
                  B’s
                  only obligation under Section 2(a)(i) is to pay the Fixed Amount
                  on the
                  Fixed Amount Payer Payment Date.

              

      

      

      
        	
                (i)

              	
                Rating
                  Agency Notifications. Notwithstanding
                  any other provision of this Agreement, no Early Termination Date
                  shall be
                  effectively designated hereunder by Party B and no transfer of
                  any rights
                  or obligations under this Agreement shall be made by either party
                  unless
                  each Cap Rating Agency has been given prior written notice of such
                  designation or transfer. 

              

      

      

      
        	
                (j)

              	
                No
                  Set-off. Except
                  as expressly provided for in Section 2(c), Section 6 or Part 1(f)(i)(D)
                  hereof, and notwithstanding any other provision of this Agreement
                  or any
                  other existing or future agreement, each party irrevocably waives
                  any and
                  all rights it may have to set off, net, recoup or otherwise withhold
                  or
                  suspend or condition payment or performance of any obligation between
                  it
                  and the other party hereunder against any obligation between it
                  and the
                  other party under any other agreements. Section 6(e) shall be amended
                  by
                  deleting the following sentence: “The amount, if any, payable in respect
                  of an Early Termination Date and determined pursuant to this Section
                  will
                  be subject to any Set-off.”.

              

      

       

      
        	
                (k)

              	
                Amendment.
                  Notwithstanding any provision to the contrary in this Agreement,
                  no
                  amendment of either this Agreement or any Transaction under this
                  Agreement
                  shall be permitted by either party unless each of the Cap Agencies
                  has
                  been provided prior written notice of the same and such amendment
                  satisfies the Rating Agency Condition with respect to S&P.
                  

              

      

      

      
        	
                (l)

              	
                Notice
                  of Certain Events or Circumstances.
                  Each Party agrees, upon learning of the occurrence or existence
                  of any
                  event or condition that constitutes (or that with the giving of
                  notice or
                  passage of time or both would constitute) an Event of Default or
                  Termination Event with respect to such party, promptly to give
                  the other
                  Party and to each Cap Rating Agency notice of such event or condition;
                  provided that failure to provide notice of such event or condition
                  pursuant to this Part 5(l) shall not constitute an Event of Default
                  or a
                  Termination Event.

              

      

       

      (m)        
         Proceedings.
        No
        Relevant Entity shall institute against, or cause any other person to institute
        against, or join any other person in instituting against Party B, the Cap
        Trustee or the trust formed pursuant to the Pooling and Servicing Agreement,
        any
        bankruptcy, reorganization, arrangement, insolvency or liquidation proceedings
        or other proceedings under any federal or state bankruptcy or similar law
        for a
        period of one year (or, if longer, the applicable preference period) and
        one day
        following payment in full of the Certificates and any Notes. This provision
        will
        survive the termination of this Agreement. 

      

      
        	
                (n)

              	
                Cap
                  Trustee Liability Limitations. 
                  It
                  is expressly understood and agreed by the parties hereto that (a)
                  this
                  Agreement is executed by Deutsche Bank National Trust Company (“Deutsche”)
                  not in its individual capacity, but solely as Cap Trustee under
                  the
                  Pooling and Servicing Agreement in the exercise of the powers and
                  authority conferred and invested in it thereunder; (b) Deutsche
                  has been
                  directed pursuant to the Pooling and Servicing Agreement to enter
                  into
                  this Agreement and to perform its obligations hereunder; (c) each
                  of the
                  representations, undertakings and agreements herein made on behalf
                  of the
                  Cap Trust is made and intended not as personal representations
                  of the Cap
                  Trustee but is made and intended for the purpose of binding only
                  the Cap
                  Trust; and (d) under no circumstances shall Deutsche
                  in its individual capacity be personally liable for any payments
                  hereunder
                  or for the breach or failure of any obligation, representation,
                  warranty
                  or covenant made or undertaken under this
                  Agreement.

              

      

      

      
        	
                (o)

              	
                Severability.
                  If
                  any term, provision, covenant, or condition of this Agreement,
                  or the
                  application thereof to any party or circumstance, shall be held
                  to be
                  invalid or unenforceable (in whole or in part) in any respect,
                  the
                  remaining terms, provisions, covenants, and conditions hereof shall
                  continue in full force and effect as if this Agreement had been
                  executed
                  with the invalid or unenforceable portion eliminated, so long as
                  this
                  Agreement as so modified continues to express, without material
                  change,
                  the original intentions of the parties as to the subject matter
                  of this
                  Agreement and the deletion of such portion of this Agreement will
                  not
                  substantially impair the respective benefits or expectations of
                  the
                  parties; provided, however, that this severability provision shall
                  not be
                  applicable if any provision of Section 2, 5, 6, or 13 (or any definition
                  or provision in Section 14 to the extent it relates to, or is used
                  in or
                  in connection with any such Section) shall be so held to be invalid
                  or
                  unenforceable. 

              

      

      

      The
        parties shall endeavor to engage in good faith negotiations to replace any
        invalid or unenforceable term, provision, covenant or condition with a valid
        or
        enforceable term, provision, covenant or condition, the economic effect of
        which
        comes as close as possible to that of the invalid or unenforceable term,
        provision, covenant or condition. 

      

      
        	
                (p)

              	
                Agent
                  for Party B. Party
                  A acknowledges that Party B has appointed Deutsche Bank National
                  Trust
                  Company as Trustee as its agent under the Pooling and Servicing
                  Agreement
                  to carry out certain functions on behalf of Party B, and that Deutsche
                  Bank National Trust Company as Trustee shall be entitled to give
                  notices
                  and to perform and satisfy the obligations of Party B hereunder
                  on behalf
                  of Party B.

              

      

       

      
        	
                (q)

              	
                Escrow
                  Payments.
                  If
                  (whether by reason of the time difference between the cities in
                  which
                  payments are to be made or otherwise) it is not possible for simultaneous
                  payments to be made on any date on which both parties are required
                  to make
                  payments hereunder, either Party may at its option and in its sole
                  discretion notify the other Party that payments on that date are
                  to be
                  made in escrow. In this case deposit of the payment due earlier
                  on that
                  date shall be made by 2:00 pm (local time at the place for the
                  earlier
                  payment) on that date with an escrow agent selected by the notifying
                  party, accompanied by irrevocable payment instructions (i) to release
                  the
                  deposited payment to the intended recipient upon receipt by the
                  escrow
                  agent of the required deposit of any corresponding payment payable
                  by the
                  other party on the same date accompanied by irrevocable payment
                  instructions to the same effect or (ii) if the required deposit
                  of the
                  corresponding payment is not made on that same date, to return
                  the payment
                  deposited to the party that paid it into escrow. The party that
                  elects to
                  have payments made in escrow shall pay all costs of the escrow
                  arrangements.

              

      

       

      
        	
                (r)

              	
                Consent
                  to Recording.
                  Each party hereto consents to the monitoring or recording, at any
                  time and
                  from time to time, by the other party of any and all communications
                  between trading, marketing, and operations personnel of the parties
                  and
                  their Affiliates, waives any further notice of such monitoring
                  or
                  recording, and agrees to notify such personnel of such monitoring
                  or
                  recording. 

              

      

      

      
        	
                (s)

              	
                Waiver
                  of Jury Trial.
                  Each party waives any right it may have to a trial by jury in respect
                  of
                  any in respect of any suit, action or proceeding relating to this
                  Agreement or any Credit Support Document.

              

      

      

      
        	
                (t)

              	
                Form
                  of ISDA Master Agreement. Party
                  A and Party B hereby agree that the text of the body of the ISDA
                  Master
                  Agreement is intended to be the printed form of the ISDA Master
                  Agreement
                  (Multicurrency - Crossborder) as published and copyrighted in 1992
                  by the
                  International Swaps and Derivatives Association,
                  Inc.

              

      

      

      
        	
                (u)

              	
                Payment
                  Instructions.
                  Party A hereby agrees that, unless notified in writing by Party
                  B of other
                  payment instructions, any and all amounts payable by Party A to
                  Party B
                  under this Agreement shall be paid to the account specified in
                  Item 4 of
                  this Confirmation, below. 

              

      

      

      
        	
                (v)

              	
                Additional
                  representations.

              

      

      

      
        	 	
                (i)

              	
                Representations
                  of Party A.
                  Party A represents to Party B on the date on which Party A enters
                  into
                  each Transaction that:--

              

      

       

      
        	 	
                (1)

              	
                Party
                  A’s obligations under this Agreement rank pari passu with all of
                  Party A’s
                  other unsecured, unsubordinated obligations except those obligations
                  preferred by operation of law.

              

      

      

      
        	 	
                (2)

              	
                Party
                  A is a bank subject to the requirements of 12 U.S.C. § 1823(e), its
                  execution, delivery and performance of this Agreement (including
                  the
                  Credit Support Annex and each Confirmation) have been approved
                  by its
                  board of directors or its loan committee, such approval is reflected
                  in
                  the minutes of said board of directors or loan committee, and this
                  Agreement (including the Credit Support Annex and each Confirmation)
                  will
                  be maintained as one of its official records continuously from
                  the time of
                  its execution (or in the case of any Confirmation, continuously
                  until such
                  time as the relevant Transaction matures and the obligations therefor
                  are
                  satisfied in full).

              

      

      

      
        	 	
                (ii)

              	
                Capacity.
                  Party A represents to Party B on the date on which Party A enters
                  into
                  this Agreement that it is entering into the Agreement and the Transaction
                  as principal and not as agent of any person. Party B represents
                  to Party A
                  on the date on which Party B enters into this Agreement that it
                  is
                  entering into the Agreement and the Transaction in its capacity
                  as Cap
                  Trustee.

              

      

       

      
        	
                (w)

              	
                Acknowledgements.

              

      

      

      
        	 	
                (ii)

              	
                Bankruptcy
                  Code.
                  Subject to Part 5(m), without limiting the applicability if any,
                  of any
                  other provision of the U.S. Bankruptcy Code as amended (the “Bankruptcy
                  Code”) (including without limitation Sections 362, 546, 556, and 560
                  thereof and the applicable definitions in Section 101 thereof),
                  the
                  parties acknowledge and agree that all Transactions entered into
                  hereunder
                  will constitute “forward contracts” or “swap agreements” as defined in
                  Section 101 of the Bankruptcy Code or “commodity contracts” as defined in
                  Section 761 of the Bankruptcy Code, that the rights of the parties
                  under
                  Section 6 of this Agreement will constitute contractual rights
                  to
                  liquidate Transactions, that any margin or collateral provided
                  under any
                  margin, collateral, security, pledge, or similar agreement related
                  hereto
                  will constitute a “margin payment” as defined in Section 101 of the
                  Bankruptcy Code, and that the parties are entities entitled to
                  the rights
                  under, and protections afforded by, Sections 362, 546, 556, and
                  560 of the
                  Bankruptcy Code.

              

      

       

      
        	
                (x)

              	
                [Reserved]
                  

              

      

       

      (y)         
         [Reserved]

       

      (z)           Additional
        Definitions. 

       

      As
        used
        in this Agreement, the following terms shall have the meanings set forth
        below,
        unless the context clearly requires otherwise: 

       

      “Approved
        Ratings Threshold”
        means
        each of the S&P Approved Ratings Threshold and the Moody’s First Trigger
        Ratings Threshold.

      

      “Approved
        Replacement” means,
        with respect to a Market Quotation, an entity making such Market Quotation,
        which entity would satisfy conditions (a), (b), (c) and (e) of the definition
        of
        Permitted Transfer (as determined by Party B in its sole discretion, acting
        in a
        commercially reasonable manner) if such entity were a Transferee, as defined
        in
        the definition of Permitted Transfer.

      

      “Cap
        Rating Agencies”
        means,
        with respect to any date of determination, each of S&P and Moody’s, to the
        extent that each such rating agency is then providing a rating for any of
        the
        First Franklin Mortgage Loan Trust 2006-FF16, Asset-Backed Certificates,
        Series
        2006-FF16 (the “Certificates”) or any notes backed by the Certificates (the
“Notes”).

      

      “Derivative
        Provider Trigger Event”
        means
        (i) an Event of Default with respect to which Party A is a Defaulting Party,
        (ii) a Termination Event with respect to which Party A is the sole Affected
        Party or (iii) an Additional Termination Event with respect to which Party
        A is
        the sole Affected Party.

      

      “Eligible
        Guarantee”
        means an
        unconditional and irrevocable guarantee of all present and future obligations
        (for the avoidance of doubt, not limited to payment obligations) of Party
        A or
        an Eligible Replacement to Party B under this Agreement that is provided
        by an
        Eligible Guarantor as principal debtor rather than surety and that is directly
        enforceable by Party B, the form and substance of which guarantee are subject
        to
        the Rating Agency Condition with respect to S&P, and either (A) a law firm
        has given a legal opinion confirming that none of the guarantor’s payments to
        Party B under such guarantee will be subject to Tax
        collected by withholding or
        (B)
        such guarantee provides that, in the event that any of such guarantor’s payments
        to Party B are subject to Tax collected by withholding, such guarantor is
        required to pay such additional amount as is necessary to ensure that the
        net
        amount actually received by Party B (free and clear of any Tax collected
        by
        withholding) will equal the full amount Party B would have received had no
        such
        withholding been required.

      

      “Eligible
        Guarantor” means
        an
        entity that (A) has credit ratings at least equal to the Approved Ratings
        Threshold or (B) has credit ratings at least equal to the Required Ratings
        Threshold, provided, for the avoidance of doubt, that an Eligible Guarantee
        of
        an Eligible Guarantor with credit ratings below the Approved Ratings Threshold
        will not cause a Collateral Event (as defined in the Credit Support Annex)
        not
        to occur or continue. 

      

      “Eligible
        Replacement”
        means an
        entity (i) that has credit ratings at least equal to the Approved Ratings
        Threshold, (ii) has credit ratings at least equal to the Required Ratings
        Threshold, provided, for the avoidance of doubt, that an Eligible Guarantee
        of
        an Eligible Guarantor with credit ratings below the Approved Ratings Threshold
        will not cause a Collateral Event (as defined in the Credit Support Annex)
        not
        to occur or continue, or (iii) the present and future obligations (for the
        avoidance of doubt, not limited to payment obligations) of which entity to
        Party
        B under this Agreement are guaranteed pursuant to an Eligible Guarantee provided
        by an Eligible Guarantor.

      

      “Firm
        Offer”
        means
        (A) with respect to an Eligible Replacement, a quotation from such Eligible
        Replacement (i) in an amount equal to the actual amount payable by or to
        Party B
        in consideration of an agreement between Party B and such Eligible Replacement
        to replace Party A as the counterparty to this Agreement by way of novation
        or,
        if such novation is not possible, an agreement between Party B and such Eligible
        Replacement to enter into a Replacement Transaction (assuming that all
        Transactions hereunder become Terminated Transactions), and (ii) that
        constitutes an offer by such Eligible Replacement to replace Party A as the
        counterparty to this Agreement or enter a Replacement Transaction that will
        become legally binding upon such Eligible Replacement upon acceptance by
        Party
        B, and (B) with respect to an Eligible Guarantor, an offer by such Eligible
        Guarantor to provide an Eligible Guarantee that will become legally binding
        upon
        such Eligible Guarantor upon acceptance by the offeree.

      

      “Moody’s”
        means
        Moody’s Investors Service, Inc., or any successor thereto. 

      

      “Moody’s
        First Trigger Ratings Threshold” means,
        with respect to Party A, the guarantor under an Eligible Guarantee or an
        Eligible Replacement, (i) if such entity has a short-term unsecured and
        unsubordinated debt rating from Moody’s, a long-term unsecured and
        unsubordinated debt rating or counterparty rating from Moody’s of “A2” and a
        short-term unsecured and unsubordinated debt rating from Moody’s of “Prime-1”,
        or (ii) if such entity does not have a short-term unsecured and unsubordinated
        debt rating or counterparty rating from Moody’s, a long-term unsecured and
        unsubordinated debt rating or counterparty rating from Moody’s of
“A1”.

      

      “Moody’s
        Second Trigger Ratings Event”
        means
        that no Relevant Entity has credit ratings from Moody’s at least equal to the
        Moody’s Second Trigger Rating Threshold. 

      

      “Moody’s
        Second Trigger Ratings Threshold”
        means,
        with respect to Party A, the guarantor under an Eligible Guarantee or an
        Eligible Replacement, (i) if such entity has a short-term unsecured and
        unsubordinated debt rating from Moody’s, a long-term unsecured and
        unsubordinated debt rating or counterparty rating from Moody’s of “A3” and a
        short-term unsecured and unsubordinated debt rating from Moody’s of “Prime-2”,
        or (ii) if such entity does not have a short-term unsecured and unsubordinated
        debt rating from Moody’s, a long-term unsecured and unsubordinated debt rating
        or counterparty rating from Moody’s of “A3”.

      

      “Permitted
        Transfer” means
        a
        transfer by novation by Party A to a transferee (the “Transferee”)
        of all,
        but not less than all, of Party A’s rights, liabilities, duties and obligations
        under this Agreement, with
        respect to which transfer each of the following conditions is
        satisfied:
        (a) the
        Transferee is an Eligible Replacement that is a recognized dealer in interest
        rate swaps organized under the laws of the United States of America or a
        jurisdiction located in the United States of America (or another jurisdiction
        reasonably acceptable to Party B), (b) as of the date of such transfer, the
        Transferee would not be required to withhold or deduct on account of Tax
        from
        any payments under this Agreement or would be required to gross up for such
        Tax
        under Section 2(d)(i)(4), (c) an Event of Default or Termination Event would
        not
        occur as a result of such transfer, (d) Party B has consented in writing
        to the
        transfer, such consent not to be unreasonably withheld, (e) the transfer
        would
        not give rise to a taxable event or any other adverse Tax consequences to
        Party
        B or its interest holders, as determined by Party B in its sole discretion,
        (f)
        pursuant to a written instrument (the “Transfer Agreement”), the Transferee
        acquires and assumes all rights and obligations of Party A under the Agreement
        and the relevant Transaction, (g) Party B shall have determined, in its sole
        discretion, acting in a commercially reasonable manner, that such Transfer
        Agreement is effective to transfer to the Transferee all, but not less than
        all,
        of Party A’s rights and obligations under the Agreement and all relevant
        Transactions; (h) Party A will be responsible for any costs or expenses incurred
        in connection with such transfer (including any replacement cost of entering
        into a replacement transaction); (i) either (A) Moody’s has been given prior
        written notice of such transfer and the Rating Agency Condition is satisfied
        with respect to S&P or (B) each Cap Rating Agency has been given prior
        written notice of such transfer and such transfer is in connection with the
        assignment and assumption of this Agreement without modification of its terms,
        other than party names, dates relevant to the effective date of such transfer,
        tax representations (provided that the representations in Part 2(a)(i) are
        not
        modified) and any other representations regarding the status of the substitute
        counterparty of the type included in Part 5(b)(iv), Part 5(v)(i)(2) or Part
        5(v)(ii), notice information and account details; and (j) such transfer
        otherwise complies with the terms of the Pooling and Servicing Agreement.
        

       

      “Rating
        Agency Condition”
        means,
        with respect to any particular proposed act or omission to act hereunder
        and
        each Cap Rating Agency specified in connection with such proposed act or
        omission, that the party acting or failing to act must consult with each
        of the
        specified Cap Rating Agencies and receive from each such Cap Rating Agency
        a
        prior written confirmation that the proposed action or inaction would not
        cause
        a downgrade or withdrawal of the then-current rating of any Certificates
        or
        Notes.

      

      “Relevant
        Entity” means
        Party A and, to the extent applicable, a guarantor under an Eligible
        Guarantee.

      

      “Replacement
        Transaction”
        means,
        with respect to any Terminated Transaction or group of Terminated Transactions,
        a transaction or group of transactions that (i) would have the effect of
        preserving for Party B the economic equivalent of any payment or delivery
        (whether the underlying obligation was absolute or contingent and assuming
        the
        satisfaction of each applicable condition precedent) by the parties under
        Section 2(a)(i) in respect of such Terminated Transaction or group of Terminated
        Transactions that would, but for the occurrence of the relevant Early
        Termination Date, have been required after that Date, and (ii) has terms
        which
        are substantially the same as this Agreement, including, without limitation,
        rating triggers, Regulation AB compliance, and credit support documentation,
        save for the exclusion of provisions relating to Transactions that are not
        Terminated Transaction, as determined by Party B in its sole discretion,
        acting
        in a commercially reasonable manner.

      

      “Required
        Ratings Downgrade Event”
        shall
        have the meaning assigned thereto in Part 5(d).

      

      “Required
        Ratings Threshold” means
        each of the S&P Required Ratings Threshold and the Moody’s Second Trigger
        Ratings Threshold.

      

      “S&P”
        means
        Standard & Poor's Rating Services, a division of The McGraw-Hill Companies,
        Inc., or any successor thereto. 

      

      “S&P
        Approved Ratings Threshold”
        means,
        with respect to Party A, the guarantor under an Eligible Guarantee or an
        Eligible Replacement, a short-term unsecured and unsubordinated debt rating
        from
        S&P of “A-1”, or, if such entity does not have a short-term unsecured and
        unsubordinated debt rating from S&P, a long-term unsecured and
        unsubordinated debt rating from S&P of “A+”.

      

      “S&P
        Required Ratings Threshold”
        means,
        with respect to Party A, the guarantor under an Eligible Guarantee or an
        Eligible Replacement, a long-term unsecured and unsubordinated debt rating
        from
        S&P of “BBB+”. 

      

      

       

      [Remainder
        of this page intentionally left blank.]

       

      
        
          
          

        

        
          
          

          
            

          

        

        
          
          

        

      

      4. Account
        Details and Settlement Information:  

       

      

      
        	
                Payments
                  to Party A:

              	
                HSBC
                  Bank USA, National Association

              
	 	
                ABA
                  # 021-001-088

              
	 	
                For
                  credit to Department 299

              
	 	
                A/C:
                  000-04929-8

              
	 	
                HSBC
                  Derivative Products Group

              

      

      

       

      
        	
                Payments
                  to Party B:

              	
                ABA     021001033

              
	 	
                ABA
                  name     Deutsche Bank
                  Trust Company - Americas

              
	 	
                Bene
                  Acct.     014-19-663

              
	 	
                Bene
                  Acct. Name     NYLTD Funds
                  Control - Stars West

              
	 	
                Ref:
                  First Franklin 2006-FF16 (GC06ZA) Cap
                  payment

              

      

      

      This
        Agreement may be executed in several counterparts, each of which shall be
        deemed
        an original but all of which together shall constitute one and the same
        instrument.

      

      
        
          
          

        

        
          
          

          
            

          

        

        
          
          

        

      

      

      We
        are
        very pleased to have executed this Transaction with you and we look forward
        to
        completing other transactions with you in the near future.

      

      Very
        truly yours,

      

      HSBC
        BANK
        USA, NATIONAL ASSOCIATION

      

      

      

      
        	
                By:

              	 
	
                Name:

              	 
	
                Title:

              	 

      

      

      

      Party
        B,
        acting through its duly authorized signatory, hereby agrees to, accepts and
        confirms the terms of the foregoing as of the date hereof.

      

      Deutsche
        Bank National Trust Company, not individually but solely in its capacity
        as Cap
        Trustee on behalf of the Cap Trust with respect to the First Franklin Mortgage
        Loan Trust 2006-FF16, Asset-Backed Certificates, Series 2006-FF16

      

      
        

        
          	
                  By:

                	 
	
                  Name:

                	 
	
                  Title:

                	 

        

        

      

      

      

      

      

      
        
          
          

        

        
          
          

          
            

          

        

        
          
          

        

      

      

      SCHEDULE
        I

      (all
        such
        dates subject to No Adjustment with respect to Fixed Rate Payer Period End
        Dates
        and adjustment in accordance with the Following Business Day Convention with
        respect to Floating Rate Payer Period End Dates) 

      

      
        	
                From
                  and including

              	
                To
                  but excluding

              	
                Notional
                  Amount (USD)

              
	
                August
                  27, 2007

              	
                September
                  25, 2007

              	
                USD
                  3,440.79

              
	
                September
                  25, 2007

              	
                October
                  25, 2007

              	
                USD
                  3,322.35

              
	
                October
                  25, 2007

              	
                November
                  25, 2007

              	
                USD
                  7,531.29

              
	
                November
                  25, 2007

              	
                December
                  25, 2007

              	
                USD
                  7,239.99

              
	
                December
                  25, 2007

              	
                January
                  25, 2008

              	
                USD
                  6,959.95

              
	
                January
                  25, 2008

              	
                February
                  25, 2008

              	
                USD
                  6,690.71

              
	
                February
                  25, 2008

              	
                March
                  25, 2008

              	
                USD
                  6,431.88

              
	
                March
                  25, 2008

              	
                April
                  25, 2008

              	
                USD
                  8,190.37

              
	
                April
                  25, 2008

              	
                May
                  25, 2008

              	
                USD
                  7,879.05

              
	
                May
                  25, 2008

              	
                June
                  25, 2008

              	
                USD
                  7,662.56

              
	
                June
                  25, 2008

              	
                July
                  25, 2008

              	
                USD
                  8,988.69

              
	
                July
                  25, 2008

              	
                August
                  25, 2008

              	
                USD
                  16,949.25

              
	
                August
                  25, 2008

              	
                September
                  25, 2008

              	
                USD
                  35,813.43

              
	
                September
                  25, 2008

              	
                October
                  25, 2008

              	
                USD
                  126,012.56

              
	
                October
                  25, 2008

              	
                November
                  25, 2008

              	
                USD
                  1,171,738.61

              
	
                November
                  25, 2008

              	
                December
                  25, 2008

              	
                USD
                  1,044,655.81

              
	
                December
                  25, 2008

              	
                January
                  25, 2009

              	
                USD
                  931,944.29

              
	
                January
                  25, 2009

              	
                February
                  25, 2009

              	
                USD
                  835,648.10

              
	
                February
                  25, 2009

              	
                March
                  25, 2009

              	
                USD
                  796,387.46

              
	
                March
                  25, 2009

              	
                April
                  25, 2009

              	
                USD
                  758,987.98

              
	
                April
                  25, 2009

              	
                May
                  25, 2009

              	
                USD
                  723,447.62

              
	
                May
                  25, 2009

              	
                June
                  25, 2009

              	
                USD
                  690,749.38

              
	
                June
                  25, 2009

              	
                July
                  25, 2009

              	
                USD
                  658,310.96

              
	
                July
                  25, 2009

              	
                August
                  25, 2009

              	
                USD
                  627,842.97

              
	
                August
                  25, 2009

              	
                September
                  25, 2009

              	
                USD
                  605,405.49

              
	
                September
                  25, 2009

              	
                October
                  25, 2009

              	
                USD
                  596,564.95

              
	
                October
                  25, 2009

              	
                November
                  25, 2009

              	
                USD
                  752,056.99

              
	
                November
                  25, 2009

              	
                December
                  25, 2009

              	
                USD
                  717,317.08

              
	
                December
                  25, 2009

              	
                January
                  25, 2010

              	
                USD
                  683,619.78

              
	
                January
                  25, 2010

              	
                February
                  25, 2010

              	
                USD
                  651,504.45

              
	
                February
                  25, 2010

              	
                March
                  25, 2010

              	
                USD
                  620,896.86

              
	
                March
                  25, 2010

              	
                April
                  25, 2010

              	
                USD
                  591,726.33

              
	
                April
                  25, 2010

              	
                May
                  25, 2010

              	
                USD
                  563,925.41

              
	
                May
                  25, 2010

              	
                June
                  25, 2010

              	
                USD
                  537,430.35

              
	
                June
                  25, 2010

              	
                July
                  25, 2010

              	
                USD
                  512,179.28

              
	
                July
                  25, 2010

              	
                August
                  25, 2010

              	
                USD
                  488,113.81

              
	
                August
                  25, 2010

              	
                September
                  25, 2010

              	
                USD
                  465,178.32

              
	
                September
                  25, 2010

              	
                October
                  25, 2010

              	
                USD
                  443,319.76

              
	
                October
                  25, 2010

              	
                November
                  25, 2010

              	
                USD
                  422,487.60

              
	
                November
                  25, 2010

              	
                December
                  25, 2010

              	
                USD
                  402,633.68

              
	
                December
                  25, 2010

              	
                January
                  25, 2011

              	
                USD
                  383,712.09

              
	
                January
                  25, 2011

              	
                February
                  25, 2011

              	
                USD
                  365,679.06

              
	
                February
                  25, 2011

              	
                March
                  25, 2011

              	
                USD
                  348,492.90

              
	
                March
                  25, 2011

              	
                April
                  25, 2011

              	
                USD
                  332,113.85

              
	
                April
                  25, 2011

              	
                May
                  25, 2011

              	
                USD
                  316,504.04

              
	
                May
                  25, 2011

              	
                June
                  25, 2011

              	
                USD
                  301,627.36

              
	
                June
                  25, 2011

              	
                July
                  25, 2011

              	
                USD
                  287,449.15

              
	
                July
                  25, 2011

              	
                August
                  25, 2011

              	
                USD
                  273,936.85

              
	
                August
                  25, 2011

              	
                September
                  25, 2011

              	
                USD
                  261,199.96

              
	
                September
                  25, 2011

              	
                October
                  25, 2011

              	
                USD
                  249,240.98

              
	
                October
                  25, 2011

              	
                November
                  25, 2011

              	
                USD
                  242,936.68

              

      

      

      

      

      
        
          
          

        

        
          
          

          
            

          

        

        
          
          

        

      

      Annex
        A

      

      Paragraph
        13 of the Credit Support Annex

      

      

       

      
        
          
          

        

        
          
          

          
            

          

        

        
          
          

        

      

      

      ANNEX
        A

      

      ISDA®

      CREDIT
        SUPPORT ANNEX

      to
        the
        Schedule to the

      ISDA
        Master Agreement

      dated
        as
        of November 30, 2006 between

      HSBC
        Bank
        USA, National Association (hereinafter referred to as “Party
        A”
        or
“Pledgor”)

      and

      Deutsche
        Bank National Trust Company, not individually but solely in its capacity
        as Cap
        Trustee on behalf of the Cap Trust with respect to the First Franklin Mortgage
        Loan Trust 2006-FF16, Asset-Backed Certificates, Series 2006-FF16 

      (hereinafter
        referred to as “Party
        B”
        or
“Secured
        Party”).

      

      For
        the
        avoidance of doubt, and notwithstanding anything to the contrary that may
        be
        contained in the Agreement, this Credit Support Annex shall relate solely
        to the
        Transaction documented in the Confirmation dated November 30, 2006 between
        Party
        A and Party B, Reference Number 412202HN/412203HN.

      

       

      Paragraph
        13. Elections and Variables.

       

      
        	(a)  	
                Security
                  Interest for “Obligations”.
                  The term “Obligations”
                  as
                  used in this Annex includes the following additional
                  obligations:

              

      

       

      With
        respect to Party A: not applicable.

       

      With
        respect to Party B: not applicable.

       

      
        	(b)  	
                Credit
                  Support Obligations.

              

      

       

      
        	(i)  	
                Delivery
                  Amount, Return Amount and Credit Support
                  Amount.

              

      

       

      
        	(A)  	
                “Delivery
                  Amount”
                  has the meaning specified in Paragraph 3(a) as amended (I) by deleting
                  the
                  words “upon a demand made by the Secured Party on or promptly following
                  a
                  Valuation Date” and inserting in lieu thereof the words “not later than
                  the close of business on each Valuation Date” and (II) by deleting in its
                  entirety the sentence beginning “Unless otherwise specified in Paragraph
                  13” and ending “(ii) the Value as of that Valuation Date of all Posted
                  Credit Support held by the Secured Party.” and inserting in lieu thereof
                  the following:

              

      

       

      The
        “Delivery
        Amount”
        applicable to the Pledgor for any Valuation Date will equal the greatest
        of

       

      
        	 	
                (1)
                  

              	
                the
                  amount by which (a) the S&P Credit Support Amount for such Valuation
                  Date exceeds (b) the S&P Value as of such Valuation Date of all Posted
                  Credit Support held by the Secured Party,

              

      

       

      
        	 	
                (2)
                  

              	
                the
                  amount by which (a) the Moody’s First Trigger Credit Support Amount for
                  such Valuation Date exceeds (b) the Moody’s First Trigger Value as of such
                  Valuation Date of all Posted Credit Support held by the Secured
                  Party,
                  and

              

      

       

      
        	 	
                (3)
                  

              	
                the
                  amount by which (a) the Moody’s Second Trigger Credit Support Amount for
                  such Valuation Date exceeds (b) the Moody’s Second Trigger Value as of
                  such Valuation Date of all Posted Credit Support held by the Secured
                  Party.

              

      

       

      
        	(B)  	
                “Return
                  Amount”
                  has the meaning specified in Paragraph 3(b) as amended by deleting
                  in its
                  entirety the sentence beginning “Unless otherwise specified in Paragraph
                  13” and ending “(ii) the Credit Support Amount.” and inserting in lieu
                  thereof the following:

              

      

       

      The
        “Return
        Amount”
        applicable to the Secured Party for any Valuation Date will equal the least
        of

       

      
        	 	
                (1)
                  

              	
                the
                  amount by which (a) the S&P Value as of such Valuation Date of all
                  Posted Credit Support held by the Secured Party exceeds (b) the
                  S&P
                  Credit Support Amount for such Valuation Date,

              

      

       

      
        	 	
                (2)
                  

              	
                the
                  amount by which (a) the Moody’s First Trigger Value as of such Valuation
                  Date of all Posted Credit Support held by the Secured Party exceeds
                  (b)
                  the Moody’s First Trigger Credit Support Amount for such Valuation Date,
                  and

              

      

       

      
        	 	
                (3)
                  

              	
                the
                  amount by which (a) the Moody’s Second Trigger Value as of such Valuation
                  Date of all Posted Credit Support held by the Secured Party exceeds
                  (b)
                  the Moody’s Second Trigger Credit Support Amount for such Valuation
                  Date.

              

      

       

      
        	(C)  	
                “Credit
                  Support Amount”
                  shall not apply. For purposes of calculating any Delivery Amount
                  or Return
                  Amount for any Valuation Date, reference shall be made to the S&P
                  Credit Support Amount, the Moody’s First Trigger Credit Support Amount, or
                  the Moody’s Second Trigger Credit Support Amount, in each case for such
                  Valuation Date, as provided in Paragraphs 13(b)(i)(A) and 13(b)(i)(B),
                  above.

              

      

       

      
        	(ii)  	
                Eligible
                  Collateral.
                  

              

      

       

      On
        any
        date, the following items will qualify as “Eligible
        Collateral”
(for
        the avoidance of doubt, all Eligible Collateral to be denominated in
        USD):

       

      
        
          
          

        

        
          
          

          
            

          

        

        
          
          

        

      

      

       

      
        	
                 

                Collateral
                  

              	
                S&P
                  Valuation 

                Percentage

              	
                Moody’s
                  

                First
                  Trigger Valuation
                  Percentage

              	
                Moody’s
                  

                Second
                  Trigger Valuation
                  Percentage

              
	
                (A)  Cash

              	
                100%

              	
                100%

              	
                100%

              
	
                (B)  Fixed-rate
                  negotiable debt obligations issued by the U.S. Treasury Department
                  having
                  a remaining maturity on such date of not more than one
                  year

              	
                98.5%

              	
                100%

              	
                100%

              
	
                (C)  Fixed-rate
                  negotiable debt obligations issued by the U.S. Treasury Department
                  having
                  a remaining maturity on such date of more than one year but not
                  more than
                  ten years

              	
                89.9%

              	
                100%

              	
                94%

              
	
                (D)  Fixed-rate
                  negotiable debt obligations issued by the U.S. Treasury Department
                  having
                  a remaining maturity on such date of more than ten years

              	
                83.9%

              	
                100%

              	
                87%

              

      

       

      
        	(iii)  	
                Other
                  Eligible Support. 

              

      

       

      The
        following items will qualify as “Other
        Eligible Support”
        for the
        party specified: 

       

      Not
        applicable.

       

      
        	(iv)  	
                Threshold.

              

      

       

      
        	(A)  	
                “Independent
                  Amount”
                  means zero with respect to Party A and Party
                  B.

              

      

       

      
        	(B)  	
                “Threshold”
                  means, with respect to Party A and any Valuation Date, zero if
                  (i) a
                  Collateral Event has occurred and has been continuing (x) for at
                  least 30
                  days or (y) since this Annex was executed, or (ii) a S&P Required
                  Ratings Downgrade Event has occurred and is continuing; otherwise,
                  infinity.

              

      

       

        “Threshold”
        means,
        with respect to Party B and any Valuation Date, infinity.

       

      
        	(C)  	
                “Minimum
                  Transfer Amount” means
                  USD 100,000 with respect to Party A and Party B; provided, however,
                  that
                  if the aggregate Certificate Principal Balance of Certificates
                  rated by
                  S&P ceases to be more than USD 50,000,000, the “Minimum
                  Transfer Amount”
                  shall be USD 50,000.

              

      

       

      
        	(D)  	
                Rounding:
                  The Delivery Amount will be rounded up to the nearest integral
                  multiple of
                  USD 10,000. The Return Amount will be rounded down to the nearest
                  integral
                  multiple of USD 1,000.

              

      

       

      
        	(c)  	
                Valuation
                  and Timing.

              

      

       

      
        	(i)  	
                “Valuation
                  Agent”
                  means Party A; provided, however, that if an Event of Default shall
                  have
                  occurred with respect to which Party A is the Defaulting Party,
                  Party B
                  shall have the right to designate as Valuation Agent an independent
                  party,
                  reasonably acceptable to Party A, the cost for which shall be borne
                  by
                  Party A. All calculations by the Valuation Agent must be made in
                  accordance with standard market practice, including, in the event
                  of a
                  dispute as to the Value of any Eligible Credit Support or Posted
                  Credit
                  Support, by making reference to quotations received by the Valuation
                  Agent
                  from one or more Pricing Sources.

              

      

       

      
        	(ii)  	
                “Valuation
                  Date” means
                  each Local Business Day on which any of the S&P Credit Support Amount,
                  the Moody’s First Trigger Credit Support Amount or the Moody’s Second
                  Trigger Credit Support Amount is greater than
                  zero.

              

      

       

      
        	(iii)  	
                “Valuation
                  Time” means
                  the close of business in the city of the Valuation Agent on the
                  Local
                  Business Day immediately preceding the Valuation Date or date of
                  calculation, as applicable; provided
                  that the calculations of Value and Exposure will be made as of
                  approximately the same time on the same date.

              

      

       

      
        	(iv)  	
                “Notification
                  Time” means
                  11:00 a.m., New York time, on a Local Business Day.
                  

              

      

       

      
        	(v)  	
                External
                  Verification. 
                  Notwithstanding anything to the contrary in the definitions of
                  Valuation
                  Agent or Valuation Date, at any time at which Party A (or, to the
                  extent
                  applicable, its Credit Support Provider) does not have a long-term
                  unsubordinated and unsecured debt rating of at least “BBB+” from S&P,
                  the Valuation Agent shall (A) calculate the Secured Party’s Exposure and
                  the S&P Value of Posted Credit Suppport on each Valuation Date based
                  on internal marks and (B) verify such calculations with external
                  marks
                  monthly by obtaining on the last Local Business Day of each calendar
                  month
                  two external marks for each Transaction to which this Annex relates
                  and
                  for all Posted Credit Suport; such verification of the Secured
                  Party’s
                  Exposure shall be based on the higher of the two external marks.
                  Each
                  external mark in respect of a Transaction shall be obtained from
                  an
                  independent Reference Market-maker that would be eligible and willing
                  to
                  enter into such Transaction in the absence of the current derivative
                  provider, provided that an external mark may not be obtained from
                  the same
                  Reference Market-maker more than four times in any 12-month period.
                  The
                  Valuation Agent shall obtain these external marks directly or through
                  an
                  independent third party, in either case at no cost to Party B.
                  The
                  Valuation Agent shall calculate on each Valuation Date (for purposes
                  of
                  this paragraph, the last Local Business Day in each calendar month
                  referred to above shall be considered a Valuation Date) the Secured
                  Party’s Exposure based on the greater of the Valuation Agent’s internal
                  marks and the external marks received. If the S&P Value on any such
                  Valuation Date of all Posted Credit Support then held by the Secured
                  Party
                  is less than the S&P Credit Support Amount on such Valuation Date (in
                  each case as determined pursuant to this paragraph), Party A shall,
                  within
                  three Local Business Days of such Valuation Date, Transfer to the
                  Secured
                  Party Eligible Credit Support having an S&P Value as of the date of
                  Transfer at least equal to such deficiency.

              

      

       

      
        	(vi)  	
                Notice
                  to S&P. 
                  At
                  any time at which Party A (or, to the extent applicable, its Credit
                  Support Provider) does not have a long-term unsubordinated and
                  unsecured
                  debt rating of at least “BBB+” from S&P, the Valuation Agent shall
                  provide to S&P not later than the Notification Time on the Local
                  Business Day following each Valuation Date its calculations of
                  the Secured
                  Party’s Exposure and the S&P Value of any Eligible Credit Support or
                  Posted Credit Support for that Valuation Date. The Valuation Agent
                  shall
                  also provide to S&P any external marks received pursuant to the
                  preceding paragraph.

              

      

       

      
        	(d)  	
                Conditions
                  Precedent and Secured Party’s Rights and
                  Remedies.
                  The following Termination Events will be a “Specified
                  Condition”
                  for the party specified (that party being the Affected Party if
                  the
                  Termination Event occurs with respect to that party): With respect
                  to
                  Party A: any Additional Termination Event with respect to which
                  Party A is
                  the sole Affected Party. With respect to Party B:
                  None.

              

      

       

      
        	(e)  	
                Substitution.

              

      

       

      
        	(i)  	
                “Substitution
                  Date”
                  has the meaning specified in Paragraph
                  4(d)(ii).

              

      

       

      
        	(ii)  	
                Consent.
                  If
                  specified here as applicable, then the Pledgor must obtain the
                  Secured
                  Party’s consent for any substitution pursuant to Paragraph 4(d):
                  Inapplicable.

              

      

       

      
        	(f)  	
                Dispute
                  Resolution.

              

      

       

      
        	(i)  	
                “Resolution
                  Time”
                  means 1:00 p.m. New York time on the Local Business Day following
                  the date
                  on which the notice of the dispute is given under Paragraph
                  5.

              

      

       

      
        	(ii)  	
                Value.
                  Notwithstanding anything to the contrary in Paragraph 12, for the
                  purpose
                  of Paragraphs 5(i)(C) and 5(ii), the S&P Value, Moody’s First Trigger
                  Value, and Moody’s Second Trigger Value, on any date, of Eligible
                  Collateral other than Cash will be calculated as follows:
                  

              

      

       

      For
        Eligible Collateral in the form of securities listed in Paragraph 13(b)(ii):
        the
        sum of (A) the product of (1)(x) the bid price at the Valuation Time for
        such
        securities on the principal national securities exchange on which such
        securities are listed, or (y) if such securities are not listed on a national
        securities exchange, the bid price for such securities quoted at the Valuation
        Time by any principal market maker for such securities selected by the Valuation
        Agent, or (z) if no such bid price is listed or quoted for such date, the
        bid
        price listed or quoted (as the case may be) at the Valuation Time for the
        day
        next preceding such date on which such prices were available and (2) the
        applicable Valuation Percentage for such Eligible Collateral, and (B) the
        accrued interest on such securities (except to the extent Transferred to
        the
        Pledgor pursuant to Paragraph 6(d)(ii) or included in the applicable price
        referred to in the immediately preceding clause (A)) as of such
        date.

       

      
        	(iii)  	
                Alternative.
                  The provisions of Paragraph 5 will
                  apply.

              

      

       

      
        	(g)  	
                Holding
                  and Using Posted
                  Collateral.

              

      

       

      
        	(i)  	
                Eligibility
                  to Hold Posted Collateral; Custodians.  Party
                  B (or any Custodian) will be entitled to hold Posted Collateral
                  pursuant
                  to Paragraph 6(b). 

              

      

       

      Party
        B
        may appoint as Custodian (A) the entity then serving as [Trustee] or (B)
        any
        entity other than the entity then serving as [Trustee] if such other entity
        (or,
        to the extent applicable, its parent company or credit support provider)
        shall
        then have a short-term unsecured and unsubordinated debt rating from S&P of
        at least “A-1.”

       

      Initially,
        the Custodian
        for
        Party B is: Not applicable.

       

      
        	(ii)  	
                Use
                  of Posted Collateral. The
                  provisions of Paragraph 6(c)(i) will not apply to Party B, but
                  the
                  provisions of Paragraph 6(c)(ii) will apply to Party B.
                  

              

      

       

      
        	(h)  	
                Distributions
                  and Interest Amount.

              

      

       

      
        	(i)  	
                Interest
                  Rate.
                  The “Interest
                  Rate”
                  will be the actual interest rate earned on Posted Collateral in
                  the form
                  of Cash that is held by Party B or its
                  Custodian.

              

      

       

      
        	(ii)  	
                Transfer
                  of Interest Amount.
                  The Transfer of the Interest Amount will be made on the second
                  Local
                  Business Day following the end of each calendar month and on any
                  other
                  Local Business Day on which Posted Collateral in the form of Cash
                  is
                  Transferred to the Pledgor pursuant to Paragraph 3(b); provided,
                  however,
                  that the obligation of Party B to Transfer any Interest Amount
                  to Party A
                  shall be limited to the extent that Party B has earned and received
                  such
                  funds and such funds are available to Party B.

              

      

       

      
        	(iii)  	
                Alternative
                  to Interest Amount.
                  The provisions of Paragraph 6(d)(ii) will
                  apply.

              

      

       

      
        	(i)  	
                Additional
                  Representation(s).
                  There are no additional representations by either
                  party.

              

      

       

      
        	(j)  	
                Other
                  Eligible Support and Other Posted Support.

              

      

       

      
        	(i)  	
                “Value”
                  with respect to Other Eligible Support and Other Posted Support
                  means: not
                  applicable. 

              

      

       

      
        	(ii)  	
                “Transfer”
                  with respect to Other Eligible Support and Other Posted Support
                  means: not
                  applicable.

              

      

       

      
        	(k)  	
                Demands
                  and Notices.All
                  demands, specifications and notices under this Annex will be made
                  pursuant
                  to the Notices Section of this Agreement, except that any demand,
                  specification or notice shall be given to or made at the following
                  addresses, or at such other address as the relevant party may from
                  time to
                  time designate by giving notice (in accordance with the terms of
                  this
                  paragraph) to the other party:

              

      

       

      If
        to
        Party A, [at the address specified pursuant to the Notices Section of this
        Agreement].

       

      If
        to
        Party B, [at the address specified pursuant to the Notices Section of this
        Agreement].

       

      If
        to
        Party B’s Custodian: [
        ]

       

      
        	(l)  	
                Address
                  for Transfers.
                  Each Transfer hereunder shall be made to the address [specified
                  below or
                  to an address] specified in writing from time to time by the party
                  to
                  which such Transfer will be made.

              

      

       

      [Party
        A
        account details]

       

      [Party
        B
        account details]

       

      [Party
        B’s Custodian account details]

       

      
        	(m)  	
                Other
                  Provisions.

              

      

       

      
        	(i)  	
                Collateral
                  Account.
                  Party B shall open and maintain a segregated account, which shall
                  be an
                  [Eligible Account], and hold, record and identify all Posted Collateral
                  in
                  such segregated account.

              

      

       

      
        	(ii)  	
                Agreement
                  as to Single Secured Party and Single Pledgor.
                  Party A and Party B hereby agree that, notwithstanding anything
                  to the
                  contrary in this Annex, (a) the term “Secured Party” as used in this Annex
                  means only Party B, (b) the term “Pledgor” as used in this Annex means
                  only Party A, (c) only Party A makes the pledge and grant in Paragraph
                  2,
                  the acknowledgement in the final sentence of Paragraph 8(a) and
                  the
                  representations in Paragraph 9.

              

      

       

      
        	(iii)  	
                Calculation
                  of Value.
                  Paragraph 4(c) is hereby amended by deleting the word “Value” and
                  inserting in lieu thereof “S&P Value, Moody’s First Trigger Value,
                  Moody’s Second Trigger Value”. Paragraph 4(d)(ii) is hereby amended by (A)
                  deleting the words “a Value” and inserting in lieu thereof “an S&P
                  Value, Moody’s First Trigger Value, and Moody’s Second Trigger Value” and
                  (B) deleting the words “the Value” and inserting in lieu thereof “S&P
                  Value, Moody’s First Trigger Value, and Moody’s Second Trigger Value”.
                  Paragraph 5 (flush language) is hereby amended by deleting the
                  word
                  “Value” and inserting in lieu thereof “S&P Value, Moody’s First
                  Trigger Value, or Moody’s Second Trigger Value”. Paragraph 5(i) (flush
                  language) is hereby amended by deleting the word “Value” and inserting in
                  lieu thereof “S&P Value, Moody’s First Trigger Value, and Moody’s
                  Second Trigger Value”. Paragraph 5(i)(C) is hereby amended by deleting the
                  word “the Value, if” and inserting in lieu thereof “any one or more of the
                  S&P Value, Moody’s First Trigger Value, or Moody’s Second Trigger
                  Value, as may be”. Paragraph 5(ii) is hereby amended by (1) deleting the
                  first instance of the words “the Value” and inserting in lieu thereof “any
                  one or more of the S&P Value, Moody’s First Trigger Value, or Moody’s
                  Second Trigger Value” and (2) deleting the second instance of the words
                  “the Value” and inserting in lieu thereof “such disputed S&P Value,
                  Moody’s First Trigger Value, or Moody’s Second Trigger Value”. Each of
                  Paragraph 8(b)(iv)(B) and Paragraph 11(a) is hereby amended by
                  deleting
                  the word “Value” and inserting in lieu thereof “least of the S&P
                  Value, Moody’s First Trigger Value, and Moody’s Second Trigger Value”.
                  

              

      

       

      
        	(iv)  	
                Form
                  of Annex. Party
                  A and Party B hereby agree that the text of Paragraphs 1 through
                  12,
                  inclusive, of this Annex is intended to be the printed form of
                  ISDA Credit
                  Support Annex (Bilateral Form - ISDA Agreements Subject to New
                  York Law
                  Only version) as published and copyrighted in 1994 by the International
                  Swaps and Derivatives Association,
                  Inc.

              

      

       

      
        	(v)  	
                Events
                  of Default.
                  Paragraph 7 will not apply to cause any Event of Default to exist
                  with
                  respect to Party B except that Paragraph 7(i) will apply to Party
                  B solely
                  in respect of Party B’s obligations under Paragraph 3(b) of the Credit
                  Support Annex. Notwithstanding anything to the contrary in Paragraph
                  7,
                  any failure by Party A to comply with or perform any obligation
                  to be
                  complied with or performed by Party A under the Credit Support
                  Annex shall
                  only be an Event of Default if (A) either
                  (i) a Moody’s Required Ratings Downgrade Event has occurred and been
                  continuing for 30 or more Local Business Days, or (ii) a S&P Required
                  Ratings Downgrade Event has occurred and been continuing for 30
                  or more
                  Local Business Days, and (B) such failure is not remedied on or
                  before the
                  third Local Business Day after notice of such failure is given
                  to Party
                  A.

              

      

       

      
        	(vi)  	
                Expenses.
                  Notwithstanding anything to the contrary in Paragraph 10, the Pledgor
                  will
                  be responsible for, and will reimburse the Secured Party for, all
                  transfer
                  and other taxes and other costs involved in any Transfer of Eligible
                  Collateral.

              

      

       

      
        	(vii)  	
                Withholding.
                  Paragraph 6(d)(ii) is hereby amended by inserting immediately after
“the
                  Interest Amount” in the fourth line thereof the words “less any applicable
                  withholding taxes.”

              

      

       

      
        	(viii)  	
                Notice
                  of Failure to Post Collateral. Upon
                  any failure by Party A to post collateral as required under this
                  Agreement, Party B shall, no later than the next Business Day after
                  the
                  date such collateral was required to be posted, give a written
                  notice of
                  such failure to Party A and to Depositor. For the avoidance of
                  doubt,
                  notwithstanding anything in this Agreement to the contrary, the
                  failure of
                  Party B to comply with the requirements of this paragraph shall
                  not
                  constitute an Event of Default or Termination Event.
                  

              

      

       

      (ix) Additional
        Definitions.
        As used
        in this Annex:

       

      “Collateral
        Event” means
        that no Relevant Entity has credit ratings at least equal to the Approved
        Ratings Threshold.

       

      “Exposure”
        has the
        meaning specified in Paragraph 12, except that after the word “Agreement” the
        words “(assuming, for this purpose only, that Part 1(f) of the Schedule is
        deleted)” shall be inserted. 

       

      “Local
        Business Day”
means:
        any day on which (A) commercial banks are open for business (including dealings
        in foreign exchange and foreign currency deposits) in New York and the location
        of Party A, Party B and any Custodian, and (B) in relation to a Transfer
        of
        Eligible Collateral, any day on which the clearance system agreed between
        the
        parties for the delivery of Eligible Collateral is open for acceptance and
        execution of settlement instructions (or in the case of a Transfer of Cash
        or
        other Eligible Collateral for which delivery is contemplated by other means
        a
        day on which commercial banks are open for business (including dealings in
        foreign exchange and foreign deposits) in New York and the location of Party
        A,
        Party B and any Custodian. 

       

      “Moody’s
        First Trigger Event” means
        that no Relevant Entity has credit ratings from Moody’s at least equal to the
        Moody’s First Trigger Ratings Threshold.

       

      “Moody’s
        First Trigger Credit Support Amount” means,
        for any Valuation Date, the excess, if any, of

       

      
        	 	
                (I)

              	
                (A)

              	
                for
                  any Valuation Date on which (I) a Moody’s First Trigger Event has occurred
                  and has been continuing (x) for at least 30 Local Business Days
                  or (y)
                  since this Annex was executed and (II) it is not the case that
                  a Moody’s
                  Second Trigger Event has occurred and been continuing for at least
                  30
                  Local Business Days, an amount equal to the greater of (a) zero
                  and (b)
                  the sum of (i) the Secured Party’s Exposure for such Valuation Date and
                  (ii) the sum, for each Transaction to which this Annex relates,
                  of the
                  product of the applicable Moody’s First Trigger Factor set forth in Table
                  1 and the Notional Amount for such Transaction for the Calculation
                  Period
                  which includes such Valuation Date; or

              

      

       

      
        	 	
                (B)

              	
                for
                  any other Valuation Date, zero,
                  over

              

      

       

      (II) the
        Threshold for Party A such Valuation Date.

       

      “Moody’s
        First Trigger Value”
        means,
        on any date and with respect to any Eligible Collateral other than Cash,
        the bid
        price obtained by the Valuation Agent multiplied by the Moody’s First Trigger
        Valuation Percentage for such Eligible Collateral set forth in Paragraph
        13(b)(ii).

       

      “Moody’s
        Second Trigger Event” means
        that no Relevant Entity has credit ratings from Moody’s at least equal to the
        Moody’s Second Trigger Ratings Threshold.

       

      “Moody’s
        Second Trigger Credit Support Amount”
        means,
        for any Valuation Date, the excess, if any, of

       

      
        	 	
                (I)

              	
                (A)

              	
                for
                  any Valuation Date on which it is the case that a Moody’s Second Trigger
                  Event has occurred and been continuing for at least 30 Local Business
                  Days, an amount equal to the greatest of (a) zero, (b) the aggregate
                  amount of the next payment due to be paid by Party A under each
                  Transaction to which this Annex relates, and (c) the sum of (x)
                  the
                  Secured Party’s Exposure for such Valuation Date and (y) the sum, for each
                  Transaction to which this Annex relates, of

              

      

       

      (1)
        if
        such Transaction is not a Transaction-Specific Hedge, the product of the
        applicable Moody’s Second Trigger Factor set forth in Table 2 and the Notional
        Amount for such Transaction for the Calculation Period which includes such
        Valuation Date;
        or

       

      (2)
        the
        product of the applicable Moody’s Second Trigger Factor set forth in Table 3 and
        the Notional Amount for such Transaction for the Calculation Period which
        includes such Valuation Date; or 

       

      
        	 	
                (B)

              	
                for
                  any other Valuation Date, zero,
                  over

              

      

       

      (II) the
        Threshold for Party A for such Valuation Date.

       

      “Moody’s
        Second Trigger Value”
        means,
        on any date and with respect to any Eligible Collateral other than Cash,
        the bid
        price obtained by the Valuation Agent multiplied by the Moody’s Second Trigger
        Valuation Percentage for such Eligible Collateral set forth in Paragraph
        13(b)(ii).

       

      “Pricing
        Sources”
        means
        the sources of financial information commonly known as Bloomberg, Bridge
        Information Services, Data Resources Inc., Interactive Data Services,
        International Securities Market Association, Merrill Lynch Securities Pricing
        Service, Muller Data Corporation, Reuters, Wood Gundy, Trepp Pricing, JJ
        Kenny,
        S&P and Telerate.

       

      “S&P
        Credit Support Amount”
        means,
        for any Valuation Date, the excess, if any, of

       

      
        	 	
                (I)

              	
                (A)
                  

              	
                for
                  any Valuation Date on which (i) an S&P Rating Threshold Event has
                  occurred and been continuing for at least 30 days, or (ii) a S&P
                  Required Ratings Downgrade Event has occurred and is continuing,
                  an amount
                  equal to the sum of (1) 100.0% of the Secured Party’s Exposure for such
                  Valuation Date and (2) for each Transaction to which this Annex
                  relates,
                  of the product of the Volatility Buffer for such Transaction and
                  the
                  Notional Amount of such Transaction for the Calculation Period
                  of such
                  Transaction which includes such Valuation Date, or
                  

              

      

       

      
        	 	
                (B)

              	
                for
                  any other Valuation Date, zero,
                  over

              

      

       

      (II) the
        Threshold for Party A for such Valuation Date.

       

      “S&P
        Rating Threshold Event”
        means,
        on any date, no Relevant Entity has credit ratings from S&P which equal or
        exceed the S&P Approved Ratings Threshold.

       

      “S&P
        Value”
        means,
        on any date and with respect to any Eligible Collateral other than Cash,
        the
        product of (A) the bid price obtained by the Valuation Agent for such Eligible
        Collateral and (B) the S&P Valuation Percentage for such Eligible Collateral
        set forth in paragraph 13(b)(ii).

       

      “Transaction
        Exposure”
        means,
        for any Transaction, Exposure determined as if such Transaction were the
        only
        Transaction between the Secured Party and the Pledgor.

       

      “Transaction-Specific
        Hedge” means
        any
        Transaction that is an interest rate cap, interest rate floor or interest
        rate
        swaption, or an interest rate swap if (x) the notional amount of the interest
        rate swap is “balance guaranteed” or (y) the notional amount of the interest
        rate swap for any Calculation Period otherwise is not a specific dollar amount
        that is fixed at the inception of the Transaction.

       

      “Valuation
        Percentage”
        shall
        mean, for purposes of determining the S&P Value, Moody’s First Trigger
        Value, or Moody’s Second Trigger Value with respect to any Eligible Collateral
        or Posted Collateral, the applicable S&P Valuation Percentage, Moody’s First
        Trigger Valuation Percentage, or Moody’s Second Trigger Valuation Percentage for
        such Eligible Collateral or Posted Collateral, respectively, in each case
        as set
        forth in Paragraph 13(b)(ii).

       

      “Value”
        shall
        mean, in respect of any date, the related S&P Value, the related Moody’s
        First Trigger Value, and the related Moody’s Second Trigger Value.

       

      “Volatility
        Buffer”
        means,
        for any Transaction, the related percentage set forth in the following table.
        

       

      
        	
                The
                  higher of the S&P short-term credit rating of (i) Party A and (ii) the
                  Credit Support Provider of Party A, if applicable

              	
                Remaining
                  Weighted Average Maturity 

                up
                  to 3 years

              	
                Remaining
                  Weighted Average Maturity

                up
                  to 5 years

              	
                Remaining
                  Weighted Average Maturity

                up
                  to 10 years

              	
                Remaining
                  Weighted Average Maturity

                up
                  to 30 years

              
	
                At
                  least “A-2”

              	
                2.75%

              	
                3.25%

              	
                4.00%

              	
                4.75%

              
	
                “A-3”

              	
                3.25%

              	
                4.00%

              	
                5.00%

              	
                6.25%

              
	
                “BB+”
                  or
                  lower

              	
                3.50%

              	
                4.50%

              	
                6.75%

              	
                7.50%

              

      

      

       

      

       

      

       

      [Remainder
        of this page intentionally left blank]

       

      
        
          
          

        

        
          
          

          
            

          

        

        
          
          

        

      

      Table
        1

       

      Moody’s
        First Trigger Factor

       

      
        	
                Remaining

                Weighted
                  Average Life 

                of
                  Hedge in Years

              	
                Daily

                Collateral

                Posting

              
	
                1
                  or less

              	
                0.15%

              
	
                More
                  than 1 but not more than 2

              	
                0.30%

              
	
                More
                  than 2 but not more than 3

              	
                0.40%

              
	
                More
                  than 3 but not more than 4

              	
                0.60%

              
	
                More
                  than 4 but not more than 5

              	
                0.70%

              
	
                More
                  than 5 but not more than 6

              	
                0.80%

              
	
                More
                  than 6 but not more than 7

              	
                1.00%

              
	
                More
                  than 7 but not more than 8

              	
                1.10%

              
	
                More
                  than 8 but not more than 9

              	
                1.20%

              
	
                More
                  than 9 but not more than 10

              	
                1.30%

              
	
                More
                  than 10 but not more than 11

              	
                1.40%

              
	
                More
                  than 11 but not more than 12

              	
                1.50%

              
	
                More
                  than 12 but not more than 13

              	
                1.60%

              
	
                More
                  than 13 but not more than 14

              	
                1.70%

              
	
                More
                  than 14 but not more than 15

              	
                1.80%

              
	
                More
                  than 15 but not more than 16

              	
                1.90%

              
	
                More
                  than 16 but not more than 17

              	
                2.00%

              
	
                More
                  than 17 but not more than 18

              	
                2.00%

              
	
                More
                  than 18 but not more than 19

              	
                2.00%

              
	
                More
                  than 19 but not more than 20

              	
                2.00%

              
	
                More
                  than 20 but not more than 21

              	
                2.00%

              
	
                More
                  than 21 but not more than 22

              	
                2.00%

              
	
                More
                  than 22 but not more than 23

              	
                2.00%

              
	
                More
                  than 23 but not more than 24

              	
                2.00%

              
	
                More
                  than 24 but not more than 25

              	
                2.00%

              
	
                More
                  than 25 but not more than 26

              	
                2.00%

              
	
                More
                  than 26 but not more than 27

              	
                2.00%

              
	
                More
                  than 27 but not more than 28

              	
                2.00%

              
	
                More
                  than 28 but not more than 29

              	
                2.00%

              
	
                More
                  than 29

              	
                2.00%

              

      

      

       

      
        
          
          

        

        
          
          

          
            

          

        

        
          
          

        

      

      Table
        2

       

      Moody’s
        Second Trigger Factor for Interest Rate Swaps with Fixed Notional
        Amounts

       

      
        	
                Remaining

                Weighted
                  Average Life 

                of
                  Hedge in Years

              	
                Daily

                Collateral

                Posting

              
	
                1
                  or less

              	
                0.50%

              
	
                More
                  than 1 but not more than 2

              	
                1.00%

              
	
                More
                  than 2 but not more than 3

              	
                1.50%

              
	
                More
                  than 3 but not more than 4

              	
                1.90%

              
	
                More
                  than 4 but not more than 5

              	
                2.40%

              
	
                More
                  than 5 but not more than 6

              	
                2.80%

              
	
                More
                  than 6 but not more than 7

              	
                3.20%

              
	
                More
                  than 7 but not more than 8

              	
                3.60%

              
	
                More
                  than 8 but not more than 9

              	
                4.00%

              
	
                More
                  than 9 but not more than 10

              	
                4.40%

              
	
                More
                  than 10 but not more than 11

              	
                4.70%

              
	
                More
                  than 11 but not more than 12

              	
                5.00%

              
	
                More
                  than 12 but not more than 13

              	
                5.40%

              
	
                More
                  than 13 but not more than 14

              	
                5.70%

              
	
                More
                  than 14 but not more than 15

              	
                6.00%

              
	
                More
                  than 15 but not more than 16

              	
                6.30%

              
	
                More
                  than 16 but not more than 17

              	
                6.60%

              
	
                More
                  than 17 but not more than 18

              	
                6.90%

              
	
                More
                  than 18 but not more than 19

              	
                7.20%

              
	
                More
                  than 19 but not more than 20

              	
                7.50%

              
	
                More
                  than 20 but not more than 21

              	
                7.80%

              
	
                More
                  than 21 but not more than 22

              	
                8.00%

              
	
                More
                  than 22 but not more than 23

              	
                8.00%

              
	
                More
                  than 23 but not more than 24

              	
                8.00%

              
	
                More
                  than 24 but not more than 25

              	
                8.00%

              
	
                More
                  than 25 but not more than 26

              	
                8.00%

              
	
                More
                  than 26 but not more than 27

              	
                8.00%

              
	
                More
                  than 27 but not more than 28

              	
                8.00%

              
	
                More
                  than 28 but not more than 29

              	
                8.00%

              
	
                More
                  than 29

              	
                8.00%

              

      

      

       

      

       

      

       

      
        
          
          

        

        
          
          

          
            

          

        

        
          
          

        

      

      Table
        3

       

      Moody’s
        Second Trigger Factor for Transaction-Specific Hedges

       

      
        	
                Remaining

                Weighted
                  Average Life 

                of
                  Hedge in Years

              	
                Daily

                Collateral

                Posting

              
	
                1
                  or less

              	
                0.65%

              
	
                More
                  than 1 but not more than 2

              	
                1.30%

              
	
                More
                  than 2 but not more than 3

              	
                1.90%

              
	
                More
                  than 3 but not more than 4

              	
                2.50%

              
	
                More
                  than 4 but not more than 5

              	
                3.10%

              
	
                More
                  than 5 but not more than 6

              	
                3.60%

              
	
                More
                  than 6 but not more than 7

              	
                4.20%

              
	
                More
                  than 7 but not more than 8

              	
                4.70%

              
	
                More
                  than 8 but not more than 9

              	
                5.20%

              
	
                More
                  than 9 but not more than 10

              	
                5.70%

              
	
                More
                  than 10 but not more than 11

              	
                6.10%

              
	
                More
                  than 11 but not more than 12

              	
                6.50%

              
	
                More
                  than 12 but not more than 13

              	
                7.00%

              
	
                More
                  than 13 but not more than 14

              	
                7.40%

              
	
                More
                  than 14 but not more than 15

              	
                7.80%

              
	
                More
                  than 15 but not more than 16

              	
                8.20%

              
	
                More
                  than 16 but not more than 17

              	
                8.60%

              
	
                More
                  than 17 but not more than 18

              	
                9.00%

              
	
                More
                  than 18 but not more than 19

              	
                9.40%

              
	
                More
                  than 19 but not more than 20

              	
                9.70%

              
	
                More
                  than 20 but not more than 21

              	
                10.00%

              
	
                More
                  than 21 but not more than 22

              	
                10.00%

              
	
                More
                  than 22 but not more than 23

              	
                10.00%

              
	
                More
                  than 23 but not more than 24

              	
                10.00%

              
	
                More
                  than 24 but not more than 25

              	
                10.00%

              
	
                More
                  than 25 but not more than 26

              	
                10.00%

              
	
                More
                  than 26 but not more than 27

              	
                10.00%

              
	
                More
                  than 27 but not more than 28

              	
                10.00%

              
	
                More
                  than 28 but not more than 29

              	
                10.00%

              
	
                More
                  than 29

              	
                10.00%

              

      

      

       

      
        
          
          

        

        
          
          

          
            

          

        

        
          
          

        

      

      IN
        WITNESS WHEREOF, the parties have executed this Annex by their duly authorized
        representatives as of the date of the Agreement.

       

      
        	
                HSBC
                  Bank USA, National Association

              	
                Deutsche
                  Bank National Trust Company, not individually but solely in its
                  capacity
                  as Cap Trustee on behalf of the Cap Trust with respect to the First
                  Franklin Mortgage Loan Trust 2006-FF16, Asset-Backed Certificates,
                  Series
                  2006-FF16

                 

              
	
                By: ____________________________________

                Name
                  

                Title:
                  

                Date:
                  

              	
                By:
                  ______________________________________

                Name:
                  

                Title:
                  

                Date:
                  

              

      

      

       

      

    

    
 

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    EXHIBIT
      P

     

    FORM
      OF
      ANNUAL STATEMENT AS TO COMPLIANCE

     

    ___________________
      Trust, Series 200_-___

     

    _______________
      Pass-Through Certificates

     

    I,
      _____________________, hereby certify that I am a duly appointed
      __________________________ of _______________________________ (the
“[Servicer]”), and further certify as follows:

     

    1. This
      certification is being made pursuant to the terms of the Pooling and Servicing
      Agreement, dated as of ____________, _____ (the “Agreement”), among
      ______________________, as depositor, the [Servicer], as [servicer] and
      ________________, as trustee.

     

    2. I
      have
      reviewed the activities of the [Servicer] during the preceding year and the
      [Servicer’s] performance under the Agreement and to the best of my knowledge,
      based on such review, the [Servicer] has fulfilled all of its obligations under
      the Agreement throughout the year.

     

    Capitalized
      terms not otherwise defined herein have the meanings set forth in the
      Agreements.

     

    Dated:
      _________________

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    

    IN
      WITNESS WHEREOF, the undersigned has executed this Certificate as of
      _____________.

     

    
      	
              By:

            	 
	
              Name:

            	 
	
              Title:

            	 

    

    

     

    I,
      _________________________, a (an) __________________ of the [Servicer], hereby
      certify that _________________ is a duly elected, qualified, and acting
      _______________________ of the [Servicer] and that the signature appearing
      above
      is his/her genuine signature.

     

    IN
      WITNESS WHEREOF, the undersigned has executed this Certificate as of
      ______________.

     

    
      	
              By:

            	 
	
              Name:

            	 
	
              Title:

            	 

    

    

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    EXHIBIT
      Q

    

    FORM
      OF
      INTEREST RATE SWAP AGREEMENT

     

     

    

      
        	
                

              
	
                HSBC
                  Bank USA, National Association

                452
                  Fifth Avenue

                New
                  York, NY 10018

                Fax:
                  (212) 525-5517

              
	 	 	 
	
                DATE:

              	 	
                November
                  30, 2006

              
	 	 	 
	
                TO:

              	 	
                Deutsche
                  Bank National Trust Company, not individually but solely in its
                  capacity
                  as Supplemental Interest Trust Trustee on behalf of the Supplemental
                  Interest Trust with respect to the First Franklin Mortgage Loan
                  Trust
                  2006-FF16, Asset-Backed Certificates, Series 2006-FF16 

              
	
                ATTENTION:

              	 	
                First
                  Franklin 2006-FF16 (GC06ZA) c/o

              
	
                 

              	 	
                Deutsche
                  Bank National Trust Company as Trustee

              
	
                 

              	 	
                1761
                  East St. Andrew Place

              
	
              	 	
                Santa
                  Ana, CA 92705

              
	
                TELEPHONE:

              	 	
                (714)
                  247-6282

              
	
                FACSIMILE:

              	 	
                (714)
                  247-6285

              
	 	 	 
	
                FROM:

              	 	
                HSBC
                  Bank USA, National Association

              
	
                FACSIMILE: 

              	 	
                212-525-5517

              
	 	 	 
	
                SUBJECT:

              	 	
                Fixed
                  Income Derivatives Confirmation 

              
	 	 	 
	
                REFERENCE
                  NUMBER:

              	 	
                412192HN

              

      

       

      The
        purpose of this long-form confirmation (“Confirmation”)
        is to
        confirm the terms and conditions of the current Transaction entered into
        on the
        Trade Date specified below (the “Transaction”)
        between
        HSBC Bank USA, National Association (“Party
        A”) and
        Deutsche Bank National Trust Company, not individually, but solely as
        supplemental interest trust trustee (the “Supplemental Interest Trust Trustee”)
        on behalf of the supplemental interest trust with respect to the First
        Franklin Mortgage Loan Trust 2006 FF16 (the
        “Supplemental Interest Trust”) (“Party
        B”)
        created
        under the Pooling and Servicing Agreement, dated as of November 1, 2006,
        among
        Financial Asset Securities Corp., as Depositor, National City Home Loan
        Services, Inc., as Servicer and Deutsche Bank National Trust Company, as
        Trustee (the
        “Pooling
        and Servicing Agreement”).
        This
        Confirmation evidences a complete and binding agreement between you and us
        to
        enter into the Transaction on the terms set forth below and replaces any
        previous agreement between us with respect to the subject matter hereof.
        This
        Confirmation constitutes a “Confirmation”
        and also
        constitutes a “Schedule”
        as
        referred to in the ISDA Master Agreement, and Paragraph 13 of a Credit Support
        Annex to the Schedule. 

       

      
        
          	
                  1.

                	
                  
                    This
                      Confirmation shall supplement, form a part of, and be subject
                      to an
                      agreement in the form of the ISDA Master Agreement (Multicurrency
                      - Cross
                      Border) as published and copyrighted in 1992 by the International
                      Swaps
                      and Derivatives Association, Inc. (the “ISDA
                      Master Agreement”),
                      as if Party A and Party B had executed an agreement in such
                      form on the
                      date hereof, with a Schedule as set forth in Item 3 of this
                      Confirmation,
                      and an ISDA Credit Support Annex (Bilateral Form - ISDA Agreements
                      Subject
                      to New York Law Only version) as published and copyrighted
                      in 1994 by the
                      International Swaps and Derivatives Association, Inc., with
                      Paragraph 13
                      thereof as set forth in Annex A hereto (the “Credit
                      Support Annex”).
                      For the avoidance of doubt, the Transaction described herein
                      shall be the
                      sole Transaction governed by such ISDA Master Agreement. In
                      the event of
                      any inconsistency among any of the following documents, the
                      relevant
                      document first listed shall govern: (i) this Confirmation,
                      exclusive of
                      the provisions set forth in Item 3 hereof and Annex A hereto;
                      (ii) the
                      provisions set forth in Item 3 hereof, which are incorporated
                      by reference
                      into the Schedule; (iii) the Credit Support Annex; (iv) the
                      Definitions;
                      and (v) the ISDA Master
                      Agreement.

                  

                

        

         

      

      Each
        reference herein to a “Section” (unless specifically referencing the Pooling and
        Servicing Agreement) or to a “Section” “of this Agreement” will be construed as
        a reference to a Section of the ISDA Master Agreement; each herein reference
        to
        a “Part” will be construed as a reference to the provisions herein deemed
        incorporated in a Schedule to the ISDA Master Agreement; each reference herein
        to a “Paragraph” will be construed as a reference to a Paragraph of the Credit
        Support Annex.

       

      
        
          
          

        

        
          
          

          
            

          

        

        
          
          

        

      

      
        	
                2.

              	
                The
                  terms of the particular Transaction to which this Confirmation
                  relates are
                  as follows:

              

      

       

      
        
          	 	
                  Type
                    of Transaction:

                	
                  Interest
                    Rate Swap

                
	 	 	 	 
	 	
                  Notional
                    Amount:

                	
                  With
                    respect to any Calculation Period, the amount set forth for such
                    period on
                    Schedule I attached hereto.

                
	 	 	 	 
	 	
                  Trade
                    Date:

                	
                  November
                    9, 2006

                
	 	 	 	
                   

                
	 	
                  Effective
                    Date:

                	
                  August
                    27, 2007

                
	 	 	 	
                   

                
	 	
                  Termination
                    Date:

                	
                  November
                    25, 2011, subject to adjustment in accordance with the Business
                    Day
                    Convention; provided, however, that for the purpose of determining
                    the
                    final Fixed Rate Payer Period End Date, Termination Date shall
                    be subject
                    to No Adjustment.

                
	 	 	 	 
	 	
                  Fixed
                    Amounts:

                	 
	 	 	 	 
	 	 	
                  Fixed
                    Rate Payer:

                	
                  Party
                    B

                
	 	 	 	 
	 	 	
                  Fixed
                    Rate Payer

                	 
	 	 	
                  Period
                    End Dates:

                	
                  The
                    25th
                    calendar day of each month during the Term of this Transaction,
                    commencing
                    September 25, 2007, and ending on the Termination Date, with
                    No
                    Adjustment.

                
	 	 	 	 
	 	 	
                  Fixed
                    Rate Payer

                	 
	 	 	
                  Initial
                    Calculation Period:

                	
                  From
                    and including August 25, 2007, to but excluding September 25,
                    2007

                
	 	 	 	 
	 	 	
                  Fixed
                    Rate Payer

                	 
	 	 	
                  Payment
                    Dates:

                	
                  Early
                    Payment - One Business Day preceding the 25th
                    calendar day of each month during the Term of this Transaction,
                    commencing
                    September 25, 2007, and ending on the Termination Date,
                    subject to adjustment in accordance with the Business Day
                    Convention.

                
	 	 	 	 
	 	 	
                  Fixed
                    Rate:

                	
                  5.200%

                
	 	 	 	 
	 	 	
                  Fixed
                    Amount:

                	
                  To
                    be determined in accordance with the following formula:

                
	 	 	 	 
	 	 	
                	
                  250*Fixed
                    Rate*Notional Amount*Fixed Rate Day Count Fraction

                
	 	 	 	 
	 	 	
                  Fixed
                    Rate Day 

                	 
	 	 	
                  Count
                    Fraction:

                	
                  30/360

                
	 	 	 	 
	 	
                  Floating
                    Amounts:

                	 
	 	 	 	 
	 	 	
                  Floating
                    Rate Payer:

                	
                  Party
                    A

                
	 	 	 	 
	 	 	
                  Floating
                    Rate Payer

                	 
	 	 	
                  Period
                    End Dates:

                	
                  The
                    25th
                    calendar day of each month during the Term of this Transaction,
                    commencing
                    September 25, 2007, and ending on the Termination Date, subject
                    to
                    adjustment in accordance with the Business Day
                    Convention.

                
	 	 	 	 
	 	 	 	 
	 	 	
                  Floating
                    Rate Payer 

                	 
	 	 	
                  Payment
                    Dates:

                	
                  Early
                    Payment - One Business Day preceding the 25th
                    calendar day of each month during the Term of this Transaction,
                    commencing
                    September 25, 2007, and ending on the Termination Date, subject
                    to
                    adjustment in accordance with the Business Day
                    Convention.

                
	 	 	 	 
	 	 	
                  Floating
                    Rate Option:

                	
                  USD-LIBOR-BBA

                
	 	 	 	 
	 	 	
                  Floating
                    Amount:

                	
                  To
                    be determined in accordance with the following formula:

                
	 	 	 	 
	 	 	
                	
                  250*Floating
                    Rate Option*Notional Amount*Floating Rate Day Count
                    Fraction

                
	 	 	 	 
	 	 	
                  Designated
                    Maturity:

                	
                  One
                    month 

                
	 	 	 	 
	 	 	
                  Floating
                    Rate Day 

                	 
	 	 	
                  Count
                    Fraction:

                	
                  Actual/360

                
	 	 	
                   

                	 
	 	 	
                  Reset
                    Dates:

                	
                  The
                    first day of each Calculation Period.

                
	 	 	
                   

                	 
	 	 	
                  Compounding:

                	
                  Inapplicable

                
	 	 	
                   

                	 
	 	 	
                  Business
                    Days:

                	
                  New
                    York

                
	 	 	 	 
	 	 	
                  Business
                    Day Convention:

                	
                  Following

                
	 	 	 	 
	 	 	
                  Calculation
                    Agent:

                	
                  Party
                    A

                
	 	 	 	 
	 	 	
                  Additional
                    Payments:

                	
                  Party
                    A agrees to pay USD 3,621,000.00
                    to
                    the Master Servicer in accordance with the payment instructions
                    set forth
                    in Section 4 for value November 30, 2006, subject to adjustment
                    in
                    accordance with the Following Business Day
                    Convention

                

        

      

      

      
        
          
          

        

        
          
          

          
            

          

        

        
          
          

        

      

      
        	
                3.

              	
                Provisions
                  Deemed Incorporated in a Schedule to the ISDA Master
                  Agreement:

              

      

      

      
        	
                Part
                  1.

              	
                Termination
                  Provisions.

              

      

      

      For
        the
        purposes of this Agreement:-

      

      (a)         
         “Specified
        Entity”
        will not
        apply to Party A or Party B for any purpose. 

      

      
        	
                (b)

              	
                “Specified
                  Transaction”
                  will have the meaning specified in Section
                  14.

              

      

      

      
        	
                (c)

              	
                Events
                  of Default.

              

      

      

      The
        statement below that an Event of Default will apply to a specific party means
        that upon the occurrence of such an Event of Default with respect to such
        party,
        the other party shall have the rights of a Non-defaulting Party under Section
        6
        of this Agreement; conversely, the statement below that such event will not
        apply to a specific party means that the other party shall not have such
        rights.

      

      
        	(i)  	
                The
                  “Failure
                  to Pay or Deliver”
                  provisions of Section 5(a)(i) will apply to Party A and will apply
                  to
                  Party B; provided, however, that Section 5(a)(i) is hereby amended
                  by
                  replacing the word “third” with the word “first”; provided, further, that
                  notwithstanding anything to the contrary in Section 5(a)(i), any
                  failure
                  by Party A to comply with or perform any obligation to be complied
                  with or
                  performed by Party A under the Credit Support Annex shall not constitute
                  an Event of Default under Section 5(a)(i) unless (A) a Required
                  Ratings
                  Downgrade Event has occurred and been continuing for 30 or more
                  Local
                  Business Days, and (B) such failure is not remedied on or before
                  the third
                  Local Business Day after notice of such failure is given to Party
                  A.

              

      

      

      
        	(ii)  	
                The
                  “Breach
                  of Agreement”
                  provisions of Section 5(a)(ii) will apply to Party A and will not
                  apply to
                  Party B.

              

      

      

      
        	(iii)  	
                The
                  “Credit
                  Support Default”
                  provisions of Section 5(a)(iii) will apply to Party A and will
                  not apply
                  to Party B except that Section 5(a)(iii)(1) will apply to Party
                  B solely
                  in respect of Party B’s obligations under Paragraph 3(b) of the Credit
                  Support Annex; provided, however, that notwithstanding anything
                  to the
                  contrary in Section 5(a)(iii)(1), any failure by Party A to comply
                  with or
                  perform any obligation to be complied with or performed by Party
                  A under
                  the Credit Support Annex shall not constitute an Event of Default
                  under
                  Section 5(a)(iii) unless (A) a Required Ratings Downgrade Event
                  has
                  occurred and been continuing for 30 or more Local Business Days,
                  and (B)
                  such failure is not remedied on or before the third Local Business
                  Day
                  after notice of such failure is given to Party
                  A.

              

      

      

      
        	(iv)  	
                The
                  “Misrepresentation”
                  provisions of Section 5(a)(iv) will apply to Party A and will not
                  apply to
                  Party B. 

              

      

      

      
        	(v)  	
                The
                  “Default
                  under Specified Transaction”
                  provisions of Section 5(a)(v) will apply to Party A and will not
                  apply to
                  Party B.

              

      

      

      
        	(vi)  	
                The
                  “Cross
                  Default”
                  provisions of Section 5(a)(vi) will apply to Party A and will not
                  apply to
                  Party B. For purposes of Section 5(a)(vi), solely with respect
                  to Party
                  A:

              

      

      

      “Specified
        Indebtedness” will have the meaning specified in Section 14 , except that such
        term shall not include obligations in respect of deposits received in the
        ordinary course of Party A’s banking business.

      

      “Threshold
        Amount” means with respect to Party A an amount equal to three percent (3%) of
        the Shareholders’ Equity of Party A (as set forth in Party A’s Call Report) or,
        if applicable, the Eligible Guarantor. 

      

      “Shareholders’
        Equity” means with respect to an entity, at any time, the sum (as shown in the
        most recent annual audited financial statements of such entity) of (i) its
        capital stock (including preferred stock) outstanding, taken at par value,
        (ii)
        its capital surplus and (iii) its retained earnings, minus (iv) treasury
        stock,
        each to be determined in accordance with generally accepted accounting
        principles.

      

      
        	(vii)  	
                The
                  “Bankruptcy”
                  provisions of Section 5(a)(vii) will apply to Party A and will
                  apply to
                  Party B except that the provisions of Section 5(a)(vii)(2), (6)
                  (to the
                  extent that such provisions refer to any appointment contemplated
                  or
                  effected by the Pooling and Servicing Agreement or any appointment
                  to
                  which Party B has not become subject), (7) and (9) will not apply
                  to Party
                  B; provided that, with respect to Party B only, Section 5(a)(vii)(4)
                  is
                  hereby amended by adding after the words “against it” the words
                  “(excluding any proceeding or petition instituted or presented by
                  Party A
                  or its Affiliates)”, and Section 5(a)(vii)(8) is hereby amended by
                  deleting the words “to (7) inclusive” and inserting lieu thereof “, (3),
                  (4) as amended, (5), (6) as amended, or
                  (7)”.

              

      

      

      
        	(viii)  	
                The
                  “Merger
                  Without Assumption”
                  provisions of Section 5(a)(viii) will apply to Party A and will
                  apply to
                  Party B.

              

      

      

      (d)       
         Termination
        Events.

      

      The
        statement below that a Termination Event will apply to a specific party means
        that upon the occurrence of such a Termination Event, if such specific party
        is
        the Affected Party with respect to a Tax Event, the Burdened Party with respect
        to a Tax Event Upon Merger (except as noted below) or the non-Affected Party
        with respect to a Credit Event Upon Merger, as the case may be, such specific
        party shall have the right to designate an Early Termination Date in accordance
        with Section 6 of this Agreement; conversely, the statement below that such
        an
        event will not apply to a specific party means that such party shall not
        have
        such right; provided, however, with respect to “Illegality” the statement that
        such event will apply to a specific party means that upon the occurrence
        of such
        a Termination Event with respect to such party, either party shall have the
        right to designate an Early Termination Date in accordance with Section 6
        of
        this Agreement.

      

      (i)         
         The
        “Illegality”
        provisions of Section 5(b)(i) will apply to Party A and will apply to Party
        B.

      

      
        	 	
                (ii)

              	
                The
                  “Tax
                  Event”
                  provisions of Section 5(b)(ii) will apply to Party A except that,
                  for
                  purposes of the application of Section 5(b)(ii) to Party A, Section
                  5(b)(ii) is hereby amended by deleting the words “(x) any action taken by
                  a taxing authority, or brought in a court of competent jurisdiction,
                  on or
                  after the date on which a Transaction is entered into (regardless
                  of
                  whether such action is taken or brought with respect to a party
                  to this
                  Agreement) or (y)”, and the “Tax
                  Event”
                  provisions of Section 5(b)(ii) will apply to Party B.
                  

              

      

      

      
        	 	
                (iii)

              	
                The
                  “Tax
                  Event Upon Merger”
                  provisions of Section 5(b)(iii) will apply to Party A and will
                  apply to
                  Party B, provided that Party A shall not be entitled to designate
                  an Early
                  Termination Date by reason of a Tax Event upon Merger in respect
                  of which
                  it is the Affected Party.

              

      

      

      
        	 	
                (iv)

              	
                The
                  “Credit
                  Event Upon Merger”
                  provisions of Section 5(b)(iv) will not apply to Party A and will
                  not
                  apply to Party B.

              

      

      

      
        	
                (e)

              	
                The
                  “Automatic
                  Early Termination”
                  provision of Section 6(a) will not apply to Party A and will not
                  apply to
                  Party B.

              

      

      

      (f)           Payments
        on Early Termination.
        For the
        purpose of Section 6(e) of this Agreement:

      

      
        	(i)  	
                Market
                  Quotation will apply, provided, however, that, in the event of
                  a
                  Derivative Provider Trigger Event, the following provisions will
                  apply:

              

      

      

      
        	 	
                (A)
                  

              	
                The
                  definition of Market Quotation in Section 14 shall be deleted in
                  its
                  entirety and replaced with the
                  following:

              

      

      

      “Market
        Quotation” means,
        with respect to one or more Terminated Transactions, a Firm Offer which is
        (1)
        made by a Reference Market-maker that is an Eligible Replacement, (2) for
        an
        amount that would be paid to Party B (expressed as a negative number) or
        by
        Party B (expressed as a positive number) in consideration of an agreement
        between Party B and such Reference Market-maker to enter into a Replacement
        Transaction, and (3) made on the basis that Unpaid Amounts in respect of
        the
        Terminated Transaction or group of Transactions are to be excluded but, without
        limitation, any payment or delivery that would, but for the relevant Early
        Termination Date, have been required (assuming satisfaction of each applicable
        condition precedent) after that Early Termination Date is to be
        included.

      

      
        	 	
                (B)

              	
                The
                  definition of Settlement Amount shall be deleted in its entirety
                  and
                  replaced with the following:

              

      

      

      “Settlement
        Amount”
        means,
        with respect to any Early Termination Date, an amount (as determined by Party
        B)
        equal to: 

      

      
        	 	
                (a)

              	
                If
                  a Market Quotation for the relevant Terminated Transaction or group
                  of
                  Terminated Transactions is accepted by Party B so as to become
                  legally
                  binding on or before the day falling ten Local Business Days after
                  the day
                  on which the Early Termination Date is designated, or such later
                  day as
                  Party B may specify in writing to Party A, but in either case no
                  later
                  than one Local Business Day prior to the Early Termination Date
                  (such day,
                  the “Latest Settlement Amount Determination Day”), the Termination
                  Currency Equivalent of the amount (whether positive or negative)
                  of such
                  Market Quotation; 

              

      

      

      
        	 	
                (b)

              	
                If,
                  on the Latest Settlement Amount Determination Day, no Market Quotation
                  for
                  the relevant Terminated Transaction or group of Terminated Transactions
                  has been accepted by Party B so as to become legally binding and
                  one or
                  more Market Quotations from
                  Approved Replacements have
                  been made and remain capable of becoming legally binding upon acceptance,
                  the Settlement Amount shall equal the Termination Currency Equivalent
                  of
                  the amount (whether positive or negative) of the lowest of such
                  Market
                  Quotations (for the avoidance of doubt, the lowest of such Market
                  Quotations shall be the lowest Market Quotation of
                  such Market Quotations
                  expressed as a positive number or, if any of such Market Quotations
                  is
                  expressed as a negative number, the Market Quotation expressed
                  as a
                  negative number with the largest absolute value);
                  or

              

      

      

      
        	 	
                (c)

              	
                If,
                  on the Latest Settlement Amount Determination Day, no Market Quotation
                  for
                  the relevant Terminated Transaction or group of Terminated Transactions
                  is
                  accepted by Party B so as to become legally binding and no Market
                  Quotation from an Approved Replacement remains capable of becoming
                  legally
                  binding upon acceptance, the Settlement Amount shall equal Party
                  B’s Loss
                  (whether positive or negative and without reference to any Unpaid
                  Amounts)
                  for the relevant Terminated Transaction or group of Terminated
                  Transactions.

              

      

      

      
        	 	
                (C)

              	
                If
                  Party B requests Party A in writing to obtain Market Quotations,
                  Party A
                  shall use its reasonable efforts to do so before the Latest Settlement
                  Amount Determination Day.

              

      

      

      
        	 	
                (D)

              	
                If
                  the Settlement Amount is a negative number, Section 6(e)(i)(3)
                  shall be
                  deleted in its entirety and replaced with the
                  following:

              

      

      

      “(3)
        Second
        Method and Market Quotation.
        If the
        Second Method and Market Quotation apply, (I) Party B shall pay to Party
        A an
        amount equal to the absolute value of the Settlement Amount in respect of
        the
        Terminated Transactions, (II) Party B shall pay to Party A the Termination
        Currency Equivalent of the Unpaid Amounts owing to Party A and (III) Party
        A
        shall pay to Party B the Termination Currency Equivalent of the Unpaid Amounts
        owing to Party B; provided, however, that (x) the amounts payable under the
        immediately preceding clauses (II) and (III) shall be subject to netting
        in
        accordance with Section 2(c) of this Agreement and (y) notwithstanding any
        other
        provision of this Agreement, any amount payable by Party A under the immediately
        preceding clause (III) shall not be netted-off against any amount payable
        by
        Party B under the immediately preceding clause (I).”

       

      
        	 	
                (E)

              	
                At
                  any time on or before the Latest Settlement Amount Determination
                  Day at
                  which two or more Market Quotations from Approved Replacements
                  remain
                  capable of becoming legally binding upon acceptance, Party B shall
                  be
                  entitled to accept only the lowest of such Market Quotations (for
                  the
                  avoidance of doubt, the lowest of such Market Quotations shall
                  be the
                  lowest Market Quotation of such Market Quotations expressed as
                  a positive
                  number or, if any of such Market Quotations is expressed as a negative
                  number, the Market Quotation expressed as a negative number with
                  the
                  largest absolute value).

              

      

      

      
        	(ii)  	
                The
                  Second Method will apply.

              

      

      

      (g) 
                  “Termination
        Currency”
        means
        USD.

      

      (h) 
                  Additional
        Termination Events.
        Additional Termination Events will apply as provided in Part 5(c).

      
        
          
          

        

        
          
          

          
            

          

        

        
          
          

        

      

      Part
        2.  Tax
        Matters.

      

      (a)        
         Tax
        Representations. 

      

      
        	 	
                (i)

              	
                Payer
                  Representations.
                  For the purpose of Section 3(e) of this Agreement:
                  

              

      

       

      (A)        
         Party
        A
        makes the following representation(s):

      

      It
        is not
        required by any applicable law, as modified by the practice of any relevant
        governmental revenue authority, of any Relevant Jurisdiction to make any
        deduction or withholding for or on account of any Tax from any payment (other
        than interest under Section 2(e), 6(d)(ii) or 6(e) of this Agreement) to
        be made
        by it to the other party under this Agreement. In making this representation,
        it
        may rely on: the accuracy of any representations made by the other party
        pursuant to Section 3(f) of this Agreement; (ii) the satisfaction of the
        agreement contained in Section 4(a)(i) or 4(a)(iii) of this Agreement and
        the
        accuracy and effectiveness of any document provided by the other party pursuant
        to Section 4(a)(i) or 4(a)(iii) of this Agreement; and (iii) the satisfaction
        of
        the agreement of the other party contained in Section 4(d) of this Agreement,
        provided that it shall not be a breach of this representation where reliance
        is
        placed on clause (ii) and the other party does not deliver a form or document
        under Section 4(a)(iii) by reason of material prejudice to its legal or
        commercial position.

      
        	 	 	 

      

      (B)         
         Party
        B
        makes the following representation(s):

      

      None.

      

      (ii)
         Payee
        Representations.
        For the
        purpose of Section 3(f) of this Agreement: 

       

      (A)        
         Party
        A
        makes the following representation(s):

      

      Party
        A
        is a national banking association organized under the federal laws of the
        United
        States and its U.S. taxpayer identification number is 20-1177241. 

      
        	 	 	 

      

      (B)        
         Party
        B
        makes the following representation(s):

      

      None. 

      

      
        	
                (b)

              	
                Tax
                  Provisions.

              

      

      

      
        	 	
                (i)

              	
                Gross
                  Up.
                  Section 2(d)(i)(4) shall not apply to Party B as X, and Section
                  2(d)(ii)
                  shall not apply to Party B as Y, in each case such that Party B
                  shall not
                  be required to pay any additional amounts referred to
                  therein.

              

      

      

      
        	 	
                (ii)

              	
                Indemnifiable
                  Tax.
                  The definition of “Indemnifiable Tax” in Section 14 is deleted in its
                  entirety and replaced with the
                  following:

              

      

      

      “Indemnifiable
        Tax”
        means,
        in relation to payments by Party A, any Tax and, in relation to payments
        by
        Party B, no Tax. 

      

       

      
        
          
          

        

        
          
          

          
            

          

        

        
          
          

        

      

      Part
        3.  Agreement
        to Deliver Documents.  

      

      (a) For
        the
        purpose of Section 4(a)(i), tax forms, documents, or certificates to be
        delivered are:

      

      
        	
                Party
                  required to deliver document

              	
                Form/Document/

                Certificate

              	
                Date
                  by which to

                be
                  delivered

              
	 	 	 
	
                Party
                  A

              	
                A
                  correct, complete and duly executed U.S. Internal Revenue Service
                  Form W-9
                  or other applicable form (or successor thereto), together with
                  appropriate
                  attachments, that eliminates U.S. federal withholding and backup
                  withholding Tax on payments to Party A under this
                  Agreement.

              	
                (i)
                  upon execution of this Agreement, (ii) on or before the first payment
                  date
                  under this Agreement, including any Credit Support Document, (iii)
                  promptly upon the reasonable demand by Party B, (iv) prior to the
                  expiration or obsolescence of any previously delivered form, and
                  (v)
                  promptly upon the information on any such previously delivered
                  form
                  becoming inaccurate or incorrect.

              
	 	 	 
	
                Party
                  B

              	
                Party
                  B will deliver at closing a U.S. Internal Revenue Service Form
                  W-9 or
                  other applicable form (or successor thereto) relating to the beneficial
                  owner of payments to Party B under this Agreement, together with
                  appropriate attachments, and may deliver other tax forms relating
                  to the beneficial owner of payments to Party B under this
                  Agreement
                  from time to time.

              	
                (i)
                  upon execution of this Agreement, (ii) on or before the first payment
                  date
                  under this Agreement, including any Credit Support Document, (iii)
                  promptly upon the reasonable demand by Party A, (iv) prior to the
                  expiration or obsolescence of any previously delivered form, and
                  (v)
                  promptly upon the information on any such previously delivered
                  form
                  becoming inaccurate or incorrect.

              

      

      

      

      
        
          
          

        

        
          
          

          
            

          

        

        
          
          

        

      

      (b) For
        the
        purpose of Section 4(a)(ii), other documents to be delivered are:

      

      
        	
                Party
                  required to deliver document

              	
                Form/Document/

                Certificate

              	
                Date
                  by which to

                be
                  delivered

              	
                Covered
                  by Section 3(d) Representation

              
	 	 	 	 
	
                Party
                  A and

                Party
                  B

              	
                Any
                  documents required by the receiving party to evidence the authority
                  of the
                  delivering party or its Credit Support Provider, if any, for it
                  to execute
                  and deliver the Agreement, this Confirmation, and any Credit Support
                  Documents to which it is a party, and to evidence the authority
                  of the
                  delivering party or its Credit Support Provider to perform its
                  obligations
                  under the Agreement, this Confirmation and any Credit Support Document,
                  as
                  the case may be

              	
                Upon
                  the execution and delivery of this Agreement

              	
                Yes

              
	 	 	 	 
	
                Party
                  A and

                Party
                  B

              	
                A
                  certificate of an authorized officer of the party, as to the incumbency
                  and authority of the respective officers of the party signing the
                  Agreement, this Confirmation, and any relevant Credit Support Document,
                  as
                  the case may be

              	
                Upon
                  the execution and delivery of this Agreement

              	
                Yes

              
	 	 	 	 
	
                Party
                  A

              	
                Annual
                  Financial Statements as set forth in Party A’s Call Report containing
                  consolidated financial statements certified by independent certified
                  public accountants and prepared in accordance with generally accepted
                  accounting principles in the country in which Party A is
                  organized

              	
                Promptly
                  upon request made by Party B

              	
                Yes

              
	 	 	 	 
	
                Party
                  A

              	
                Quarterly
                  Financial Statements as set forth in Party A’s Call Report containing
                  unaudited, consolidated financial statements of Party A’s fiscal quarter
                  prepared in accordance with generally accepted accounting principles
                  in
                  the country in which Party A is organized

              	
                Promptly
                  upon request made by Party B

              	
                Yes

              
	 	 	 	 
	
                Party
                  A

              	
                An
                  opinion of counsel to Party A satisfactory in form and substance
                  to Party
                  B

              	
                Upon
                  the execution and delivery of this Agreement

              	
                No

              

      

      

      Part
        4. Miscellaneous. 

      

      
        	
                (a)

              	
                Address
                  for Notices:
                  For the purposes of Section 12(a) of this
                  Agreement:

              

      

      

      Address
        for notices or communications to Party A:

      

      Address:               
          452
        Fifth
        Avenue, New York, NY 10018

      Attention: 
          Christian
        McGreevy

      Facsimile:  
          212-525-8710

      Telephone:  212-525-5517

       

      Please
        direct all settlement inquiries to:

      

      HSBC
        Bank
        USA, National Association

      Derivative
        Settlements

      
        	 	
                Attention:   
                  

              	
                Jeffrey
                  Lombino

              

      

      
        	 	
                Telephone:  
                  

              	
                (212)
                  525-5393

              

      

      Fax:  (212)
        525-6903

      

      (For
        all
        purposes)

      

      Address
        for notices or communications to Party B:

      

      Attention:           
         First
        Franklin 2006-FF16 (GC06ZA) c/o

      Deutsche
        Bank National Trust Company as Trustee

      1761
        East
        St. Andrew Place

      Santa
        Ana, CA 92705

      Telephone:         
         (714)
        247-6282

      Facsimile:           
         (714)
        247-6285

      

      (For
        all
        purposes)

      

      (b)         
         Process
        Agent.
        For the
        purpose of Section 13(c):

      

      Party
        A
        appoints as its Process Agent: Not applicable.

      

      Party
        B
        appoints as its Process Agent: Not applicable.

      

      
        	
                (c)

              	
                Offices.
                  The provisions of Section 10(a) will apply to this Agreement; neither
                  Party A nor Party B has any Offices other than as set forth in
                  the Notices
                  Section and Party A agrees that, for purposes of Section 6(b) of
                  this
                  Agreement, it shall not in the future have any Office other than
                  one in
                  the United States.

              

      

      

      
        	
                (d)

              	
                Multibranch
                  Party.
                  For the purpose of Section 10(c) of this
                  Agreement:

              

      

      

      Party
        A
        is not a Multibranch Party.

      

      
        	 	
                Party
                  B is not a Multibranch Party.

              

      

      

      
        	
                (e)

              	
                Calculation
                  Agent.
                  The Calculation Agent is Party A; provided, however, that if an
                  Event of
                  Default shall have occurred with respect to Party A, Party B shall
                  have
                  the right to appoint as Calculation Agent a third party, reasonably
                  acceptable to Party A, the cost for which shall be borne by Party
                  A.

              

      

      

      (f)         
         Credit
        Support Document. 

       

      
        	 	
                Party
                  A:

              	
                The
                  Credit Support Annex, and any guarantee in support of Party A’s
                  obligations under this Agreement.

              

      

      

      Party
        B: The
        Credit Support Annex, solely in respect of Party B’s obligations under Paragraph
        3(b) of the Credit Support Annex.

      

      
        	
                (g)

              	
                Credit
                  Support Provider.

              

      

      

      Party
        A: The
        guarantor under any guarantee in support of Party A’s obligations under this
        Agreement.

      

      Party
        B: None.

      

      
        	
                (h)

              	
                Governing
                  Law.
                  The parties to this Agreement hereby agree that the law of the
                  State of
                  New York shall govern their rights and duties in whole, without
                  regard to
                  the conflict of law provisions thereof other than New York General
                  Obligations Law Sections 5-1401 and 5-1402.

              

      

      

      
        	
                (i)

              	
                Netting
                  of Payments.
                  The parties agree that subparagraph (ii) of Section 2(c) will apply
                  to
                  each Transaction hereunder. 

              

      

      

      
        	
                (j)

              	
                Affiliate.“Affiliate”
                  shall have the meaning assigned thereto in Section 14; provided,
                  however,
                  that Party A and Party B shall be deemed to have no Affiliates
                  for
                  purposes of this Agreement, including for purposes of Section
                  6(b)(ii).

              

      

      Part
        5.  Others
        Provisions.

      

      
        	
                (a)

              	
                Definitions.
                  Unless
                  otherwise specified in a Confirmation, this Agreement and each
                  Transaction
                  under this Agreement are subject to the 2000 ISDA Definitions as
                  published
                  and copyrighted in 2000 by the International Swaps and Derivatives
                  Association, Inc. (the “Definitions”),
                  and will be governed in all relevant respects by the provisions
                  set forth
                  in the Definitions, without regard to any amendment to the Definitions
                  subsequent to the date hereof. The provisions of the Definitions
                  are
                  hereby incorporated by reference in and shall be deemed a part
                  of this
                  Agreement, except that (i) references in the Definitions to a “Swap
                  Transaction” shall be deemed references to a “Transaction” for purposes of
                  this Agreement, and (ii) references to a “Transaction” in this Agreement
                  shall be deemed references to a “Swap Transaction” for purposes of the
                  Definitions. Each term capitalized but not defined in this Agreement
                  shall
                  have the meaning assigned thereto in the Pooling and Servicing
                  Agreement.

              

      

       

      (b)        
         Amendments
        to ISDA Master Agreement.

      

      
        	 	
                (i)

              	
                Single
                  Agreement.
                  Section 1(c) is hereby amended by the adding the words “including, for the
                  avoidance of doubt, the Credit Support Annex” after the words “Master
                  Agreement”. 

              

      

      

      (ii)        
         Conditions
        Precedent. Section
        2(a)(iii) is hereby amended by adding the following at the end thereof:

      

      Notwithstanding
        anything to the contrary in Section 2(a)(iii)(1), if an Event of Default
        with
        respect to Party B or Potential Event of Default with respect to Party B
        has
        occurred and been continuing for more than 30 Local Business Days and no
        Early
        Termination Date in respect of the Affected Transactions has occurred or
        been
        effectively designated by Party A, the obligations of Party A under Section
        2(a)(i) shall cease to be subject to the condition precedent set forth in
        Section 2(a)(iii)(1) with respect to such specific occurrence of such Event
        of
        Default or such Potential Event of Default (the “Specific
        Event”);
        provided, however, for the avoidance of doubt, the obligations of Party A
        under
        Section 2(a)(i) shall be subject to the condition precedent set forth in
        Section
        2(a)(iii)(1) (subject to the foregoing) with respect to any subsequent
        occurrence of the same Event of Default with respect to Party B or Potential
        Event of Default with respect to Party B after the Specific Event has ceased
        to
        be continuing and with respect to any occurrence of any other Event of Default
        with respect to Party B or Potential Event of Default with respect to Party
        B
        that occurs subsequent to the Specific Event. 

      

      
        	 	
                (iii)

              	
                Change
                  of Account.
                  Section 2(b) is hereby amended by the addition of the following
                  after the
                  word “delivery” in the first line
                  thereof:

              

      

       

      “to
        another account in the same legal and tax jurisdiction as the original
        account”.

      

      
        	 	
                (iv)

              	
                Representations.
                  Section 3 is hereby amended by adding at the end thereof the following
                  subsection (g): 

              

      

      

      
        	 	
                “(g)

              	
                Relationship
                  Between Parties. 

              

      

      

      
        	 	
                (1)

              	
                Nonreliance.
                  (i) It is not relying on any statement or representation of the
                  other
                  party regarding the Transaction (whether written or oral), other
                  than the
                  representations expressly made in this Agreement or the Confirmation
                  in
                  respect of that Transaction and (ii) it has consulted with its
                  own legal,
                  regulatory, tax, business, investment, financial and accounting
                  advisors
                  to the extent it has deemed necessary, and it has made its own
                  investment,
                  hedging and trading decisions based upon its own judgment and upon
                  any
                  advice from such advisors as it has deemed necessary and not upon
                  any view
                  expressed by the other party.

              

      

       

      
        	 	
                (2)

              	
                Evaluation
                  and Understanding. (i) It has the capacity to evaluate (internally
                  or
                  through independent professional advice) the Transaction and has
                  made its
                  own decision subject to Section 6(n) of this Agreement to enter
                  into the
                  Transaction and (ii) It understands the terms, conditions and risks
                  of the
                  Transaction and is willing and able to accept those terms and conditions
                  and to assume those risks, financially and otherwise.
                  

              

      

      

      
        	 	
                (3)

              	
                Purpose.
                  It is entering into the Transaction for the purposes of managing
                  its
                  borrowings or investments, hedging its underlying assets or liabilities
                  or
                  in connection with a line of business.

              

      

      

      
        	 	
                (4)

              	
                Status
                  of Parties. The other party is not acting as an agent, fiduciary
                  or
                  advisor for it in respect of the Transaction.

              

      

      

      
        	 	
                (5)

              	
                Eligible
                  Contract Participant. It is an “eligible swap participant” as such term is
                  defined in, Section 35.1(b)(2) of the regulations (17 C.F.R. 35)
                  promulgated under, and an “eligible contract participant” as defined in
                  Section 1(a)(12) of the Commodity Exchange Act, as
                  amended.”

              

      

      

      
        	 	
                (v)

              	
                Transfer
                  to Avoid Termination Event.
                  Section 6(b)(ii) is hereby amended by (i) deleting the words “or if a Tax
                  Event Upon Merger occurs and the Burdened Party is the Affected
                  Party,”
                  and (ii) by deleting the words “to transfer” and inserting the words “to
                  effect a Permitted Transfer” in lieu
                  thereof.

              

      

      

      
        	 	
                (vi)

              	
                Jurisdiction.
                  Section
                  13(b) is hereby amended by: (i) deleting in the second line of
                  subparagraph (i) thereof the word "non-", (ii) deleting “; and” from the
                  end of subparagraph 1 and inserting “.” in lieu thereof, and (iii)
                  deleting the final paragraph
                  thereof.

              

      

      

      
        	 	
                (vii)

              	
                Local
                  Business Day.
                  The definition of Local Business Day in Section 14 is hereby amended
                  by
                  the addition of the words “or any Credit Support Document” after “Section
                  2(a)(i)” and the addition of the words “or Credit Support Document” after
                  “Confirmation”. 

              

      

      

      
        	
                (c)

              	
                Additional
                  Termination Events.
                  The following Additional Termination Events will
                  apply:

              

      

       

      
        
          	 	
                  (i)

                	
                  First
                    Rating Trigger Collateral.
                    If
                    (A) it is not the case that a Moody’s Second Trigger Ratings Event has
                    occurred and been continuing for 30 or more Local Business Days
                    and (B)
                    Party
                    A has failed to comply with or perform any obligation to be complied
                    with
                    or performed by Party A in accordance with the Credit Support
                    Annex, then
                    an Additional Termination Event shall have occurred with respect
                    to Party
                    A and Party A shall be the sole Affected Party with respect to
                    such
                    Additional Termination Event. 

                

        

         

        
          
            	 	
                    (ii)

                  	
                    Second
                      Rating Trigger Replacement.
                      If
                      (A) a Required Ratings Downgrade Event has occurred and been
                      continuing
                      for 30 or more Local Business Days and (B) (i) at least one
                      Eligible
                      Replacement has made a Firm Offer to be the transferee of all
                      of Party A’s
                      rights and obligations under this Agreement (and such Firm
                      Offer remains
                      an offer that will become legally binding upon such Eligible
                      Replacement
                      upon acceptance by the offeree) and/or (ii) an Eligible Guarantor
                      has made
                      a Firm Offer to provide an Eligible Guarantee (and such Firm
                      Offer remains
                      an offer that will become legally binding upon such Eligible
                      Guarantor
                      immediately upon acceptance by the offeree), then an Additional
                      Termination Event shall have occurred with respect to Party
                      A and Party A
                      shall be the sole Affected Party with respect to such Additional
                      Termination Event. 

                  

          

           

        

      

      
        	 	
                (iii)

              	
                Amendment
                  of Pooling and Servicing Agreement.
                  If, without the prior written consent of Party A where such consent
                  is
                  required under the Pooling and Servicing Agreement (such consent
                  not to be
                  unreasonably withheld), an amendment is made to the Pooling and
                  Servicing
                  Agreement which amendment could reasonably be expected to have
                  a material
                  adverse effect on the interests of Party A (excluding, for the
                  avoidance
                  of doubt, any amendment to the Pooling and Servicing Agreement
                  that is
                  entered into solely for the purpose of appointing a successor servicer,
                  master servicer, securities administrator, trustee or other service
                  provider) under this Agreement, an Additional Termination Event
                  shall have
                  occurred with respect to Party B and Party B shall be the sole
                  Affected
                  Party with respect to such Additional Termination Event.
                  

              

      

      

      
        	 	
                (iv)

              	
                Regulation
                  AB.
                  If, upon the occurrence of a Swap Disclosure Event (as defined
                  in Part
                  5(e) below) Party A has not, within five (5) Business Days after
                  such Swap
                  Disclosure Event (without giving effect to any grace period otherwise
                  provided herein or otherwise) complied with any of the provisions
                  set
                  forth in Part 5(e)(iii) below, then an Additional Termination Event
                  shall
                  have occurred with respect to Party A and Party A shall be the
                  sole
                  Affected Party with respect to such Additional Termination
                  Event.

              

      

      

      
        	 	
                (v)

              	
                Optional
                  Termination of Securitization.
                  An
                  Additional Termination Event shall occur upon the notice to
                  Certificateholders of an Optional Termination becoming unrescindable
                  in
                  accordance with Article X of the Pooling and Servicing Agreement
                  (such
                  notice, the “Optional
                  Termination Notice”).
                  With respect to such Additional Termination Event: (A) Party B
                  shall be
                  the sole Affected Party; (B) notwithstanding anything to the contrary
                  in
                  Section 6(b)(iv) or Section 6(c)(i), the final Distribution Date
                  specified
                  in the Optional Termination Notice is hereby designated as the
                  Early
                  Termination Date for this Additional Termination Event in respect
                  of all
                  Affected Transactions; (C) Section 2(a)(iii)(2) shall not be applicable
                  to
                  any Affected Transaction in
                  connection with the Early Termination Date resulting from this
                  Additional
                  Termination Event; notwithstanding anything to the contrary in
                  Section
                  6(c)(ii), payments and deliveries under Section 2(a)(i) or Section
                  2(e) in
                  respect of the Terminated Transactions resulting from this Additional
                  Termination Event will be required to be made through and including
                  the
                  Early Termination Date designated
                  as a result of this Additional Termination Event; provided, for
                  the
                  avoidance of doubt, that any such payments or deliveries that are
                  made on
                  or prior to such Early Termination Date will not be treated as
                  Unpaid
                  Amounts in determining the amount payable in respect of such Early
                  Termination Date; (D) notwithstanding anything to the contrary
                  in Section
                  6(d)(i), (I) if, no later than 4:00 pm New York City time on the
                  day that
                  is four Business Days prior to the final Distribution Date specified
                  in
                  the Optional Termination Notice, the [Securities Administrator]
                  requests
                  the amount of the Estimated Swap Termination Payment, Party A shall
                  provide to the [Securities Administrator] in writing (which may
                  be done in
                  electronic format) the amount of the Estimated Swap Termination
                  Payment no
                  later than 2:00 pm New York City time on the following Business
                  Day and
                  (II) if the [Securities Administrator] provides written notice
                  (which may
                  be done in electronic format) to Party A no later than two Business
                  Days
                  prior to the final Distribution Date specified in the Optional
                  Termination
                  Notice that all requirements of the Optional Termination have been
                  met,
                  then Party A shall, no later than one Business Day prior to the
                  final
                  Distribution Date specified in the Optional Termination Notice,
                  make the
                  calculations contemplated by Section 6(e) of the ISDA Master Agreement
                  (as
                  amended herein) and provide to the [Securities Administrator] in
                  writing
                  (which may be done in electronic format) the amount payable by
                  either
                  Party B or Party A in respect of the related Early Termination
                  Date in
                  connection with this Additional Termination Event; provided, however,
                  that
                  the amount payable by Party B, if any, in respect of the related
                  Early
                  Termination Date shall be the lesser of (x) the amount calculated
                  to be
                  due by Party B pursuant to Section 6(e) and (y) the Estimated Swap
                  Termination Payment; and (E) notwithstanding anything to the contrary
                  in
                  this Agreement, any amount due from Party B to Party A in respect
                  of this
                  Additional Termination Event will be payable on the final Distribution
                  Date specified in the Optional Termination Notice and any amount
                  due from
                  Party A to Party B in respect of this Additional Termination Event
                  will be
                  payable one Business Day prior to the final Distribution Date specified
                  in
                  the Optional Termination Notice. 

              

      

      

      The
        [Securities Administrator] shall be an express third party beneficiary of
        this
        Agreement as if a party hereto to the extent of the [Securities Administrator]’s
        rights specified herein. 

      

      
        	
                (d)

              	
                Required
                  Ratings Downgrade Event.
                  In
                  the event that no Relevant Entity has credit ratings at least equal
                  to the
                  Required Ratings Threshold (such event, a “Required
                  Ratings Downgrade Event”),
                  then Party A shall, as soon as reasonably practicable and so long
                  as a
                  Required Ratings Downgrade Event is in effect, at its own expense,
                  using
                  commercially reasonable efforts, procure either (A) a Permitted
                  Transfer
                  or (B) an Eligible Guarantee from an Eligible Guarantor.
                  

              

      

      

      (e)        
          Compliance
        with Regulation AB. 

      

      (i) It
        shall
        be a swap disclosure event (“Swap Disclosure Event”) if, at any time after the
        date hereof while the Depositor has reporting obligations with respect to
        this
        Transaction pursuant to Regulation AB, the Depositor or Greenwich Capital
        Financial Products, Inc. (the “Sponsor”) notifies Party A that the aggregate
“significance percentage” (calculated in accordance with the provisions of Item
        1115 of Regulation AB) of all derivative instruments provided by Party A
        and any
        of its affiliates to Party B (collectively, the “Aggregate Significance
        Percentage”) is 10% or more.

       

      (ii) Upon
        the
        occurrence of a Swap Disclosure Event while the Depositor has reporting
        obligations with respect to this Transaction pursuant to Regulation AB, Party
        A,
        at its own cost and expense (and without any expense or liability to the
        Depositor, the Sponsor, the Underwriters, the Depositor, the Trustee or the
        Issuing Entity), shall take one of the following actions:

       

      (a) provide
        to the Sponsor and the Depositor: (i) if the Aggregate Significance Percentage
        is 10% or more, but less than 20%, either, at the sole discretion of Party
        A,
        the information required under Item 1115(b)(1) or Item 1115(b)(2) of Regulation
        AB or (ii) if the Aggregate Significance Percentage is 20% or more, within
        five
        (5) Business Days, the information required under Item 1115(b)(2) of Regulation
        AB; or

       

      (b) assign
        its rights and delegate its obligations under the Transaction to a counterparty
        with the Approved Ratings Thresholds (and which satisfies the Rating Agency
        Condition), that (x) provides the information specified in clause (a) above
        to
        the Depositor and Sponsor and (y) enters into documentation substantially
        similar to the documentation then in place between Party A and Party
        B

       

      (iii)
        For
        so long as the Aggregate Significance Percentage is 10% or more the Depositor
        has reporting obligations with respect to this Transaction, Party A shall
        provide any updates to the information provided pursuant to clause (ii)(a)
        above
        to the Sponsor and the Depositor within five (5) Business Days following
        the
        availability thereof (but in no event more than 45 days after the end of
        each of
        Party A’s fiscal quarter for any quarterly update, and in no event more than 90
        days after the end of Party A’s fiscal year for any annual update).

       

      (iv) All
        information provided pursuant to clause (ii) shall be in a form suitable
        for
        conversion to the format required for filing by the Depositor with the
        Commission via the Electronic Data Gathering and Retrieval System (EDGAR).
        The
        parties hereto acknowledge that electronic files in Adobe Acrobat format
        will be
        deemed to satisfy the requirements of this Part 5(e)(iv). In addition, any
        such
        information, if audited, shall be accompanied by any necessary auditor’s
        consents or, if such information is unaudited, shall be accompanied by an
        appropriate agreed-upon procedures letter from Party A’s accountants. If
        permitted by Regulation AB, any such information may be provided by reference
        to
        or incorporation by reference from reports filed pursuant to the Exchange
        Act.

      

      (v) Each
        of
        the Depositor and Sponsor shall be an express third party beneficiary of
        this
        Agreement as if a party hereto to the extent of Depositor’s and Sponsor’s rights
        explicitly specified herein.

      

      
        	
                (f)

              	
                Transfers. 

              

      

       

      (i) Section
        7
        is hereby amended to read in its entirety as follows:

       

      “Subject
        to Section 6(b)(ii), Part 5(d), and Part 5(e), neither Party A nor Party
        B is
        permitted to assign, novate or transfer (whether by way of security or
        otherwise) as a whole or in part any of its rights, obligations or interests
        under the Agreement or any Transaction without (a) the prior written consent
        of
        the other party and (b) satisfaction of the Rating Agency Condition with
        respect
        to S&P.” 

       

      
        	 	
                (ii)

              	
                If
                  an Eligible Replacement has made a Firm Offer (which remains an
                  offer that
                  will become legally binding upon acceptance by Party B) to be the
                  transferee pursuant to a Permitted Transfer, Party B shall, at
                  Party A’s
                  written request and at Party A’s expense, take any reasonable steps
                  required to be taken by Party B to effect such transfer.
                  

              

      

       

      
        	
                (g)

              	
                Non-Recourse.
                  Party A acknowledges and agree that, notwithstanding any provision
                  in this
                  Agreement to the contrary, the obligations of Party B hereunder
                  are
                  limited recourse obligations of Party B, payable solely from the
                  Supplemental Interest Trust and the proceeds thereof, in accordance
                  with
                  the priority of payments and other terms of the Pooling and Servicing
                  Agreement and that Party A will not have any recourse to any of
                  the
                  directors, officers, employees, shareholders or affiliates of the
                  Party B
                  with respect to any claims, losses, damages, liabilities, indemnities
                  or
                  other obligations in connection with any transactions contemplated
                  hereby.
                  In the event that the Supplemental Interest Trust and the proceeds
                  thereof, should be insufficient to satisfy all claims outstanding
                  and
                  following the realization of the account held by the Supplemental
                  Interest
                  Trust and the proceeds thereof, any claims against or obligations
                  of Party
                  B under the ISDA Master Agreement or any other confirmation thereunder
                  still outstanding shall be extinguished and thereafter not revive.
                  The
                  Supplemental Interest Trust Trustee shall not have liability for
                  any
                  failure or delay in making a payment hereunder to Party A due to
                  any
                  failure or delay in receiving amounts in the account held by the
                  Supplemental Interest Trust from the Trust created pursuant to
                  the Pooling
                  and Servicing Agreement. This provision will survive the termination
                  of
                  this Agreement.

              

      

      

      
        	
                (h)

              	
                Timing
                  of Payments
                  by Party B upon Early Termination.
                  Notwithstanding anything to the contrary in Section 6(d)(ii), to
                  the
                  extent that all or a portion (in either case, the “Unfunded Amount”) of
                  any amount that is calculated as being due in respect of any Early
                  Termination Date under Section 6(e) from Party B to Party A will
                  be paid
                  by Party B from amounts other than any upfront payment paid to
                  Party B by
                  an Eligible Replacement that has entered a Replacement Transaction
                  with
                  Party B, then such Unfunded Amount shall be due on the next subsequent
                  Distribution Date following the date on which the payment would
                  have been
                  payable as determined in accordance with Section 6(d)(ii), and
                  on any
                  subsequent Distribution Dates until paid in full (or if such Early
                  Termination Date is the final Distribution Date, on such final
                  Distribution Date); provided, however, that if the date on which
                  the
                  payment would have been payable as determined in accordance with
                  Section
                  6(d)(ii) is a Distribution Date, such payment will be payable on
                  such
                  Distribution Date.

              

      

      

      
        	
                (i)

              	
                Rating
                  Agency Notifications. Notwithstanding
                  any other provision of this Agreement, no Early Termination Date
                  shall be
                  effectively designated hereunder by Party B and no transfer of
                  any rights
                  or obligations under this Agreement shall be made by either party
                  unless
                  each Swap Rating Agency has been given prior written notice of
                  such
                  designation or transfer. 

              

      

      

      
        	
                (j)

              	
                No
                  Set-off.
                  Except as expressly provided for in Section 2(c), Section 6 or
                  Part
                  1(f)(i)(D) hereof, and notwithstanding any other provision of this
                  Agreement or any other existing or future agreement, each party
                  irrevocably waives any and all rights it may have to set off, net,
                  recoup
                  or otherwise withhold or suspend or condition payment or performance
                  of
                  any obligation between it and the other party hereunder against
                  any
                  obligation between it and the other party under any other agreements.
                  Section 6(e) shall be amended by deleting the following sentence:
“The
                  amount, if any, payable in respect of an Early Termination Date
                  and
                  determined pursuant to this Section will be subject to any
                  Set-off.”.

              

      

       

      
        	
                (k)

              	
                Amendment.
                  Notwithstanding any provision to the contrary in this Agreement,
                  no
                  amendment of either this Agreement or any Transaction under this
                  Agreement
                  shall be permitted by either party unless each of the Swap Agencies
                  has
                  been provided prior written notice of the same and such amendment
                  satisfies the Rating Agency Condition with respect to S&P.
                  

              

      

      

      
        	
                (l)

              	
                Notice
                  of Certain Events or Circumstances.
                  Each Party agrees, upon learning of the occurrence or existence
                  of any
                  event or condition that constitutes (or that with the giving of
                  notice or
                  passage of time or both would constitute) an Event of Default or
                  Termination Event with respect to such party, promptly to give
                  the other
                  Party and to each Swap Rating Agency notice of such event or condition;
                  provided that failure to provide notice of such event or condition
                  pursuant to this Part 5(l) shall not constitute an Event of Default
                  or a
                  Termination Event.

              

      

       

      (m)        
         Proceedings.
        No
        Relevant Entity shall institute against, or cause any other person to institute
        against, or join any other person in instituting against Party B, the
        Supplemental Interest Trust, or the trust formed pursuant to the Pooling
        and
        Servicing Agreement, any bankruptcy, reorganization, arrangement, insolvency
        or
        liquidation proceedings or other proceedings under any federal or state
        bankruptcy or similar law for a period of one year (or, if longer, the
        applicable preference period) and one day following payment in full of the
        Certificates and any Notes. This provision will survive the termination of
        this
        Agreement. 

      

      
        	
                (n)

              	
                Supplemental
                  Interest Trust Trustee Liability Limitations.
                  It
                  is expressly understood and agreed by the parties hereto that (a)
                  this
                  Agreement is executed by Deutsche Bank National Trust Company (“Deutsche”)
                  not in its individual capacity, but solely as Supplemental Interest
                  Trust
                  Trustee under the Pooling and Servicing Agreement in the exercise
                  of the
                  powers and authority conferred and invested in it thereunder; (b)
                  Deutsche
                  has been directed pursuant to the Pooling and Servicing Agreement
                  to enter
                  into this Agreement and to perform its obligations hereunder; (c)
                  each of
                  the representations, undertakings and agreements herein made on
                  behalf of
                  the Supplemental Interest Trust is made and intended not as personal
                  representations of the Supplemental Interest Trust Trustee but
                  is made and
                  intended for the purpose of binding only the Supplemental Interest
                  Trust;
                  and (d) under no circumstances shall Deutsche
                  in its individual capacity be personally liable for any payments
                  hereunder
                  or for the breach or failure of any obligation, representation,
                  warranty
                  or covenant made or undertaken under this
                  Agreement.

              

      

      

      
        	
                (o)

              	
                Severability.
                  If
                  any term, provision, covenant, or condition of this Agreement,
                  or the
                  application thereof to any party or circumstance, shall be held
                  to be
                  invalid or unenforceable (in whole or in part) in any respect,
                  the
                  remaining terms, provisions, covenants, and conditions hereof shall
                  continue in full force and effect as if this Agreement had been
                  executed
                  with the invalid or unenforceable portion eliminated, so long as
                  this
                  Agreement as so modified continues to express, without material
                  change,
                  the original intentions of the parties as to the subject matter
                  of this
                  Agreement and the deletion of such portion of this Agreement will
                  not
                  substantially impair the respective benefits or expectations of
                  the
                  parties; provided, however, that this severability provision shall
                  not be
                  applicable if any provision of Section 2, 5, 6, or 13 (or any definition
                  or provision in Section 14 to the extent it relates to, or is used
                  in or
                  in connection with any such Section) shall be so held to be invalid
                  or
                  unenforceable. 

              

      

      

      The
        parties shall endeavor to engage in good faith negotiations to replace any
        invalid or unenforceable term, provision, covenant or condition with a valid
        or
        enforceable term, provision, covenant or condition, the economic effect of
        which
        comes as close as possible to that of the invalid or unenforceable term,
        provision, covenant or condition. 

      

      
        	
                (p)

              	
                Agent
                  for Party B. Party
                  A acknowledges that Party B has appointed Deutsche Bank National
                  Trust
                  Company as Trustee as its agent under the Pooling and Servicing
                  Agreement
                  to carry out certain functions on behalf of Party B, and that Deutsche
                  Bank National Trust Company as Trustee shall be entitled to give
                  notices
                  and to perform and satisfy the obligations of Party B hereunder
                  on behalf
                  of Party B.

              

      

       

      
        	
                (q)

              	
                Escrow
                  Payments.
                  If
                  (whether by reason of the time difference between the cities in
                  which
                  payments are to be made or otherwise) it is not possible for simultaneous
                  payments to be made on any date on which both parties are required
                  to make
                  payments hereunder, either Party may at its option and in its sole
                  discretion notify the other Party that payments on that date are
                  to be
                  made in escrow. In this case deposit of the payment due earlier
                  on that
                  date shall be made by 2:00 pm (local time at the place for the
                  earlier
                  payment) on that date with an escrow agent selected by the notifying
                  party, accompanied by irrevocable payment instructions (i) to release
                  the
                  deposited payment to the intended recipient upon receipt by the
                  escrow
                  agent of the required deposit of any corresponding payment payable
                  by the
                  other party on the same date accompanied by irrevocable payment
                  instructions to the same effect or (ii) if the required deposit
                  of the
                  corresponding payment is not made on that same date, to return
                  the payment
                  deposited to the party that paid it into escrow. The party that
                  elects to
                  have payments made in escrow shall pay all costs of the escrow
                  arrangements.

              

      

       

      
        	
                (r)

              	
                Consent
                  to Recording.
                  Each party hereto consents to the monitoring or recording, at any
                  time and
                  from time to time, by the other party of any and all communications
                  between trading, marketing, and operations personnel of the parties
                  and
                  their Affiliates, waives any further notice of such monitoring
                  or
                  recording, and agrees to notify such personnel of such monitoring
                  or
                  recording. 

              

      

      

      
        	
                (s)

              	
                Waiver
                  of Jury Trial.
                  Each party waives any right it may have to a trial by jury in respect
                  of
                  any in respect of any suit, action or proceeding relating to this
                  Agreement or any Credit Support Document.

              

      

      

      
        	
                (t)

              	
                Form
                  of ISDA Master Agreement. Party
                  A and Party B hereby agree that the text of the body of the ISDA
                  Master
                  Agreement is intended to be the printed form of the ISDA Master
                  Agreement
                  (Multicurrency -
                  Crossborder) as published and copyrighted in 1992 by the International
                  Swaps and Derivatives Association,
                  Inc.

              

      

      

      
        	
                (u)

              	
                Payment
                  Instructions.
                  Party A hereby agrees that, unless notified in writing by Party
                  B of other
                  payment instructions, any and all amounts payable by Party A to
                  Party B
                  under this Agreement shall be paid to the account specified in
                  Item 4 of
                  this Confirmation, below. 

              

      

      

      
        	
                (v)

              	
                Additional
                  representations.

              

      

      

      
        	 	
                (i)

              	
                Representations
                  of Party A.
                  Party A represents to Party B on the date on which Party A enters
                  into
                  each Transaction that:--

              

      

       

      
        	 	
                (1)

              	
                Party
                  A’s obligations under this Agreement rank pari passu with all of
                  Party A’s
                  other unsecured, unsubordinated obligations except those obligations
                  preferred by operation of law.

              

      

      

      
        	 	
                (2)

              	
                Party
                  A is a bank subject to the requirements of 12 U.S.C. § 1823(e), its
                  execution, delivery and performance of this Agreement (including
                  the
                  Credit Support Annex and each Confirmation) have been approved
                  by its
                  board of directors or its loan committee, such approval is reflected
                  in
                  the minutes of said board of directors or loan committee, and this
                  Agreement (including the Credit Support Annex and each Confirmation)
                  will
                  be maintained as one of its official records continuously from
                  the time of
                  its execution (or in the case of any Confirmation, continuously
                  until such
                  time as the relevant Transaction matures and the obligations therefor
                  are
                  satisfied in full).

              

      

      

      
        	 	
                (ii)

              	
                Capacity.
                  Party A represents to Party B on the date on which Party A enters
                  into
                  this Agreement that it is entering into the Agreement and the Transaction
                  as principal and not as agent of any person. Party B represents
                  to Party A
                  on the date on which Party B enters into this Agreement that it
                  is
                  entering into the Agreement and the Transaction in its capacity
                  as
                  Supplemental Interest Trustee.

              

      

       

      
        	
                (w)

              	
                Acknowledgements.

              

      

      

      
        	 	
                (ii)

              	
                Bankruptcy
                  Code.
                  Subject to Part 5(m), without limiting the applicability if any,
                  of any
                  other provision of the U.S. Bankruptcy Code as amended (the “Bankruptcy
                  Code”) (including without limitation Sections 362, 546, 556, and 560
                  thereof and the applicable definitions in Section 101 thereof),
                  the
                  parties acknowledge and agree that all Transactions entered into
                  hereunder
                  will constitute “forward contracts” or “swap agreements” as defined in
                  Section 101 of the Bankruptcy Code or “commodity contracts” as defined in
                  Section 761 of the Bankruptcy Code, that the rights of the parties
                  under
                  Section 6 of this Agreement will constitute contractual rights
                  to
                  liquidate Transactions, that any margin or collateral provided
                  under any
                  margin, collateral, security, pledge, or similar agreement related
                  hereto
                  will constitute a “margin payment” as defined in Section 101 of the
                  Bankruptcy Code, and that the parties are entities entitled to
                  the rights
                  under, and protections afforded by, Sections 362, 546, 556, and
                  560 of the
                  Bankruptcy Code.

              

      

       

      
        	
                (x)

              	
                [Reserved]

              

      

       

      (y)         
        [Reserved]

       

      (z) Additional
        Definitions. 

       

      As
        used
        in this Agreement, the following terms shall have the meanings set forth
        below,
        unless the context clearly requires otherwise: 

       

      “Approved
        Ratings Threshold”
        means
        each of the S&P Approved Ratings Threshold, the Moody’s First Trigger
        Ratings Threshold.

      

      “Approved
        Replacement” means,
        with respect to a Market Quotation, an entity making such Market Quotation,
        which entity would satisfy conditions (a), (b), (c) and (e) of the definition
        of
        Permitted Transfer (as determined by Party B in its sole discretion, acting
        in a
        commercially reasonable manner) if such entity were a Transferee, as defined
        in
        the definition of Permitted Transfer.

      

      “Call
        Report” means
        the
        public portion of any report of the financial condition and income required
        by
        the Office of the Comptroller of the Currency.

      

      “Derivative
        Provider Trigger Event”
        means
        (i) an Event of Default with respect to which Party A is a Defaulting Party,
        (ii) a Termination Event with respect to which Party A is the sole Affected
        Party or (iii) an Additional Termination Event with respect to which Party
        A is
        the sole Affected Party.

      

      “Eligible
        Guarantee”
        means an
        unconditional and irrevocable guarantee of all present and future obligations
        (for the avoidance of doubt, not limited to payment obligations) of Party
        A or
        an Eligible Replacement to Party B under this Agreement that is provided
        by an
        Eligible Guarantor as principal debtor rather than surety and that is directly
        enforceable by Party B, the form and substance of which guarantee are subject
        to
        the Rating Agency Condition with respect to S&P, and either (A) a law firm
        has given a legal opinion confirming that none of the guarantor’s payments to
        Party B under such guarantee will be subject to Tax
        collected by withholding or
        (B)
        such guarantee provides that, in the event that any of such guarantor’s payments
        to Party B are subject to Tax collected by withholding, such guarantor is
        required to pay such additional amount as is necessary to ensure that the
        net
        amount actually received by Party B (free and clear of any Tax collected
        by
        withholding) will equal the full amount Party B would have received had no
        such
        withholding been required.

      

      “Eligible
        Guarantor” means
        an
        entity that (A) has credit ratings at least equal to the Approved Ratings
        Threshold or (B) has credit ratings at least equal to the Required Ratings
        Threshold, provided, for the avoidance of doubt, that an Eligible Guarantee
        of
        an Eligible Guarantor with credit ratings below the Approved Ratings Threshold
        will not cause a Collateral Event (as defined in the Credit Support Annex)
        not
        to occur or continue. 

      

      “Eligible
        Replacement”
        means an
        entity that has credit ratings at least equal to the Approved Ratings Threshold,
        (ii) has credit ratings at least equal to the Required Ratings Threshold,
        provided, for the avoidance of doubt, that an Eligible Guarantee of an Eligible
        Guarantor with credit ratings below the Approved Ratings Threshold will not
        cause a Collateral Event (as defined in the Credit Support Annex) not to
        occur
        or continue, or (iii) the present and future obligations (for the avoidance
        of
        doubt, not limited to payment obligations) of which entity to Party B under
        this
        Agreement are guaranteed pursuant to an Eligible Guarantee provided by an
        Eligible Guarantor.

      

      “Estimated
        Swap Termination Payment”
        means,
        with respect to an Early Termination Date, an amount determined by Party
        A in
        good faith and in a commercially reasonable manner as the maximum payment
        that
        could be owed by Party B to Party A in respect of such Early Termination
        Date
        pursuant to Section 6(e) of the ISDA Master Agreement, taking into account
        then
        current market conditions.

      

      “Firm
        Offer”
        means
        (A) with respect to an Eligible Replacement, a quotation from such Eligible
        Replacement (i) in an amount equal to the actual amount payable by or to
        Party B
        in consideration of an agreement between Party B and such Eligible Replacement
        to replace Party A as the counterparty to this Agreement by way of novation
        or,
        if such novation is not possible, an agreement between Party B and such Eligible
        Replacement to enter into a Replacement Transaction (assuming that all
        Transactions hereunder become Terminated Transactions), and (ii) that
        constitutes an offer by such Eligible Replacement to replace Party A as the
        counterparty to this Agreement or enter a Replacement Transaction that will
        become legally binding upon such Eligible Replacement upon acceptance by
        Party
        B, and (B) with respect to an Eligible Guarantor, an offer by such Eligible
        Guarantor to provide an Eligible Guarantee that will become legally binding
        upon
        such Eligible Guarantor upon acceptance by the offeree.

      

      “Moody’s”
        means
        Moody’s Investors Service, Inc., or any successor thereto. 

      

      “Moody’s
        First Trigger Ratings Threshold” means,
        with respect to Party A, the guarantor under an Eligible Guarantee or an
        Eligible Replacement, (i) if such entity has a short-term unsecured and
        unsubordinated debt rating from Moody’s, a long-term unsecured and
        unsubordinated debt rating or counterparty rating from Moody’s of “A2” and a
        short-term unsecured and unsubordinated debt rating from Moody’s of “Prime-1”,
        or (ii) if such entity does not have a short-term unsecured and unsubordinated
        debt rating or counterparty rating from Moody’s, a long-term unsecured and
        unsubordinated debt rating or counterparty rating from Moody’s of
“A1”.

      

      “Moody’s
        Second Trigger Ratings Event” means
        that no
        Relevant Entity has credit ratings from Moody’s at least equal to the Moody’s
        Second Trigger Rating Threshold. 

      

      “Moody’s
        Second Trigger Ratings Threshold” means,
        with respect to Party A, the guarantor under an Eligible Guarantee or an
        Eligible Replacement, (i) if such entity has a short-term unsecured and
        unsubordinated debt rating from Moody’s, a long-term unsecured and
        unsubordinated debt rating or counterparty rating from Moody’s of “A3” and a
        short-term unsecured and unsubordinated debt rating from Moody’s of “Prime-2”,
        or (ii) if such entity does not have a short-term unsecured and unsubordinated
        debt rating from Moody’s, a long-term unsecured and unsubordinated debt rating
        or counterparty rating from Moody’s of “A3”.

      

      “Permitted
        Transfer” means
        a
        transfer by novation by Party A to a transferee (the “Transferee”)
        of all,
        but not less than all, of Party A’s rights, liabilities, duties and obligations
        under this Agreement, with respect to which transfer each of the following
        conditions is satisfied: (a) the Transferee is an Eligible Replacement that
        is a
        recognized dealer in interest rate swaps organized under the laws of the
        United
        States of America or a jurisdiction located in the United States of America
        (or
        another jurisdiction reasonably acceptable to Party B), (b) as of the date
        of
        such transfer, the Transferee would not be required to withhold or deduct
        on
        account of Tax from any payments under this Agreement or would be required
        to
        gross up for such Tax under Section 2(d)(i)(4), (c) an Event of Default or
        Termination Event would not occur as a result of such transfer, (d) Party
        B has
        consented in writing to the transfer, such consent not to be unreasonably
        withheld, (e) the transfer would not give rise to a taxable event or any
        other
        adverse Tax consequences to Party B or its interest holders, as determined
        by
        Party B in its sole discretion, (f) pursuant to a written instrument (the
        “Transfer Agreement”), the Transferee acquires and assumes all rights and
        obligations of Party A under the Agreement and the relevant Transaction,
        (g)
        Party B shall have determined, in its sole discretion, acting in a commercially
        reasonable manner, that such Transfer Agreement is effective to transfer
        to the
        Transferee all, but not less than all, of Party A’s rights and obligations under
        the Agreement and all relevant Transactions; (h) Party A will be responsible
        for
        any costs or expenses incurred in connection with such transfer (including
        any
        replacement cost of entering into a replacement transaction); (i) either
        (A)
        Moody’s has been given prior written notice of such transfer and the Rating
        Agency Condition is satisfied with respect to S&P or (B) each Swap Rating
        Agency has been given prior written notice of such transfer and such transfer
        is
        in connection with the assignment and assumption of this Agreement without
        modification of its terms, other than party names, dates relevant to the
        effective date of such transfer, tax representations (provided that the
        representations in Part 2(a)(i) are not modified) and any other representations
        regarding the status of the substitute counterparty of the type included
        in Part
        5(b)(iv), Part 5(v)(i)(2) or Part 5(v)(ii), notice information and account
        details; and (j) such transfer otherwise complies with the terms of the Pooling
        and Servicing Agreement. 

       

      “Rating
        Agency Condition”
        means,
        with respect to any particular proposed act or omission to act hereunder
        and
        each Swap Rating Agency specified in connection with such proposed act or
        omission, that the party acting or failing to act must consult with each
        of the
        specified Swap Rating Agencies and receive from each such Swap Rating Agency
        a
        prior written confirmation that the proposed action or inaction would not
        cause
        a downgrade or withdrawal of the then-current rating of any Certificates
        or
        Notes.

      

      “Relevant
        Entity” means
        Party A and, to the extent applicable, a guarantor under an Eligible
        Guarantee.

      

      “Replacement
        Transaction”
        means,
        with respect to any Terminated Transaction or group of Terminated Transactions,
        a transaction or group of transactions that (i) would have the effect of
        preserving for Party B the economic equivalent of any payment or delivery
        (whether the underlying obligation was absolute or contingent and assuming
        the
        satisfaction of each applicable condition precedent) by the parties under
        Section 2(a)(i) in respect of such Terminated Transaction or group of Terminated
        Transactions that would, but for the occurrence of the relevant Early
        Termination Date, have been required after that Date, and (ii) has terms
        which
        are substantially the same as this Agreement, including, without limitation,
        rating triggers, Regulation AB compliance, and credit support documentation,
        save for the exclusion of provisions relating to Transactions that are not
        Terminated Transaction, as determined by Party B in its sole discretion,
        acting
        in a commercially reasonable manner.

      

      “Required
        Ratings Downgrade Event”
        shall
        have the meaning assigned thereto in Part 5(d).

      

      “Required
        Ratings Threshold” means
        each of the S&P Required Ratings Threshold and the Moody’s Second Trigger
        Ratings Threshold.

      

      “S&P”
        means
        Standard & Poor's Rating Services, a division of The McGraw-Hill Companies,
        Inc., or any successor thereto. 

      

      “S&P
        Approved Ratings Threshold”
        means,
        with respect to Party A, the guarantor under an Eligible Guarantee or an
        Eligible Replacement, a short-term unsecured and unsubordinated debt rating
        from
        S&P of “A-1”, or, if such entity does not have a short-term unsecured and
        unsubordinated debt rating from S&P, a long-term unsecured and
        unsubordinated debt rating from S&P of “A+”.

      

      “S&P
        Required Ratings Threshold”
        means,
        with respect to Party A, the guarantor under an Eligible Guarantee or an
        Eligible Replacement, a long-term unsecured and unsubordinated debt rating
        from
        S&P of “BBB+”. 

      

      “Swap
        Rating Agencies”
        means,
        with respect to any date of determination, each of S&P and Moody’s, to the
        extent that each such rating agency is then providing a rating for any of
        the
        First Franklin Mortgage Loan Trust 2006-FF16, Asset-Backed Certificates,
        Series
        2006-FF16 (the “Certificates”) or any notes backed by the Certificates (the
“Notes”).

       

      [Remainder
        of this page intentionally left blank.]

       

      
        
          
          

        

        
          
          

          
            

          

        

        
          
          

        

      

      4.      
         Account
        Details and Settlement Information:  

      

        
          	
                  Payments
                    to Party A:

                	 	
                  HSBC
                    Bank USA, National Association

                
	 	 	
                  ABA
                    # 021-001-088

                
	 	 	
                  For
                    credit to Department 299

                
	 	 	
                  A/C:
                    000-04929-8

                
	 	 	
                  HSBC
                    Derivative Products Group

                
	 	 	 
	 	 	 
	
                  Payments
                    to Party B:

                	 	
                  ABA
                    021001033

                
	 	 	
                  ABA
                    name Deutsche Bank Trust Company - Americas

                
	 	 	
                  Bene
                    Acct. 014-19-663

                
	 	 	
                  Bene
                    Acct. Name NYLTD Funds Control - Stars West

                
	 	 	
                  Ref:
                    First Franklin 2006-FF16 (GC06ZA) Swap
                    payment

                

        

         

      

      This
        Agreement may be executed in several counterparts, each of which shall be
        deemed
        an original but all of which together shall constitute one and the same
        instrument.

      

      
        
          
          

        

        
          
          

          
            

          

        

        
          
          

        

      

      

      We
        are
        very pleased to have executed this Transaction with you and we look forward
        to
        completing other transactions with you in the near future.

      

      Very
        truly yours,

      

      HSBC
        BANK
        USA, NATIONAL ASSOCIATION

      
 

      By: _______________________________ 

      Name:   

      Title:    

      

      

      Party
        B,
        acting through its duly authorized signatory, hereby agrees to, accepts and
        confirms the terms of the foregoing as of the date hereof.

      

      Deutsche
        Bank National Trust Company, not individually but solely in its capacity
        as
        Supplemental Interest Trust Trustee on behalf of the Supplemental Interest
        Trust
        with respect to the First Franklin Mortgage Loan Trust 2006-FF16, Asset-Backed
        Certificates, Series 2006-FF16

      
 

      By: _______________________________
        

      Name: 

      Title:

       

      
        
          
          

        

        
          
          

          
            

          

        

        
          
          

        

      

      

      SCHEDULE
        I

      (all
        such
        dates subject to No Adjustment with respect to Fixed Rate Payer Period End
        Dates
        and adjustment in accordance with the Following Business Day Convention with
        respect to Floating Rate Payer Period End Dates) 

      

      
        	
                From
                  and including

              	
                To
                  but excluding

              	
                Notional
                  Amount (USD)

              
	
                August
                  27, 2007

              	
                September
                  25, 2007

              	
                USD
                  4,110,468.88 

              
	
                September
                  25, 2007

              	
                October
                  25, 2007

              	
                USD
                  3,975,001.63 

              
	
                October
                  25, 2007

              	
                November
                  25, 2007

              	
                USD
                  3,826,729.37 

              
	
                November
                  25, 2007

              	
                December
                  25, 2007

              	
                USD
                  3,688,232.08 

              
	
                December
                  25, 2007

              	
                January
                  25, 2008

              	
                USD
                  3,554,814.27 

              
	
                January
                  25, 2008

              	
                February
                  25, 2008

              	
                USD
                  3,426,279.24 

              
	
                February
                  25, 2008

              	
                March
                  25, 2008

              	
                USD
                  3,302,455.23 

              
	
                March
                  25, 2008

              	
                April
                  25, 2008

              	
                USD
                  3,181,000.95 

              
	
                April
                  25, 2008

              	
                May
                  25, 2008

              	
                USD
                  3,065,988.68 

              
	
                May
                  25, 2008

              	
                June
                  25, 2008

              	
                USD
                  2,954,888.90 

              
	
                June
                  25, 2008

              	
                July
                  25, 2008

              	
                USD
                  2,846,222.85 

              
	
                July
                  25, 2008

              	
                August
                  25, 2008

              	
                USD
                  2,734,240.50 

              
	
                August
                  25, 2008

              	
                September
                  25, 2008

              	
                USD
                  2,612,386.66 

              
	
                September
                  25, 2008

              	
                October
                  25, 2008

              	
                USD
                  2,412,519.80 

              
	
                October
                  25, 2008

              	
                November
                  25, 2008

              	
                USD
                  1,143,588.43 

              
	
                November
                  25, 2008

              	
                December
                  25, 2008

              	
                USD
                  1,070,737.35 

              
	
                December
                  25, 2008

              	
                January
                  25, 2009

              	
                USD
                  1,005,455.12 

              
	
                January
                  25, 2009

              	
                February
                  25, 2009

              	
                USD
                  947,759.24 

              
	
                February
                  25, 2009

              	
                March
                  25, 2009

              	
                USD
                  914,184.43 

              
	
                March
                  25, 2009

              	
                April
                  25, 2009

              	
                USD
                  881,936.59 

              
	
                April
                  25, 2009

              	
                May
                  25, 2009

              	
                USD
                  850,794.97 

              
	
                May
                  25, 2009

              	
                June
                  25, 2009

              	
                USD
                  819,648.60 

              
	
                June
                  25, 2009

              	
                July
                  25, 2009

              	
                USD
                  790,952.14 

              
	
                July
                  25, 2009

              	
                August
                  25, 2009

              	
                USD
                  762,875.94 

              
	
                August
                  25, 2009

              	
                September
                  25, 2009

              	
                USD
                  729,246.40 

              
	
                September
                  25, 2009

              	
                October
                  25, 2009

              	
                USD
                  684,389.34 

              
	
                October
                  25, 2009

              	
                November
                  25, 2009

              	
                USD
                  477,467.16 

              
	
                November
                  25, 2009

              	
                December
                  25, 2009

              	
                USD
                  462,970.68 

              
	
                December
                  25, 2009

              	
                January
                  25, 2010

              	
                USD
                  449,500.04 

              
	
                January
                  25, 2010

              	
                February
                  25, 2010

              	
                USD
                  436,425.56 

              
	
                February
                  25, 2010

              	
                March
                  25, 2010

              	
                USD
                  423,735.37 

              
	
                March
                  25, 2010

              	
                April
                  25, 2010

              	
                USD
                  411,417.92 

              
	
                April
                  25, 2010

              	
                May
                  25, 2010

              	
                USD
                  399,462.07 

              
	
                May
                  25, 2010

              	
                June
                  25, 2010

              	
                USD
                  387,856.97 

              
	
                June
                  25, 2010

              	
                July
                  25, 2010

              	
                USD
                  376,592.16 

              
	
                July
                  25, 2010

              	
                August
                  25, 2010

              	
                USD
                  365,657.46 

              
	
                August
                  25, 2010

              	
                September
                  25, 2010

              	
                USD
                  355,043.03 

              
	
                September
                  25, 2010

              	
                October
                  25, 2010

              	
                USD
                  344,739.31 

              
	
                October
                  25, 2010

              	
                November
                  25, 2010

              	
                USD
                  334,737.05 

              
	
                November
                  25, 2010

              	
                December
                  25, 2010

              	
                USD
                  325,027.28 

              
	
                December
                  25, 2010

              	
                January
                  25, 2011

              	
                USD
                  315,601.30 

              
	
                January
                  25, 2011

              	
                February
                  25, 2011

              	
                USD
                  306,450.69 

              
	
                February
                  25, 2011

              	
                March
                  25, 2011

              	
                USD
                  297,567.26 

              
	
                March
                  25, 2011

              	
                April
                  25, 2011

              	
                USD
                  288,943.10 

              
	
                April
                  25, 2011

              	
                May
                  25, 2011

              	
                USD
                  280,570.52 

              
	
                May
                  25, 2011

              	
                June
                  25, 2011

              	
                USD
                  272,442.07 

              
	
                June
                  25, 2011

              	
                July
                  25, 2011

              	
                USD
                  264,550.54 

              
	
                July
                  25, 2011

              	
                August
                  25, 2011

              	
                USD
                  256,888.91 

              
	
                August
                  25, 2011

              	
                September
                  25, 2011

              	
                USD
                  249,309.41 

              
	
                September
                  25, 2011

              	
                October
                  25, 2011

              	
                USD
                  241,772.23 

              
	
                October
                  25, 2011

              	
                November
                  25, 2011

              	
                USD
                  229,362.71 

              

      

      

       

      
        
          
          

        

        
          
          

          
            

          

        

        
          
          

        

      

      Annex
        A

      

      Paragraph
        13 of the Credit Support Annex

      

      
        
          
          

        

        
          
          

          
            

          

        

        
          
          

        

      

      ANNEX
        A

      

      ISDA®

      CREDIT
        SUPPORT ANNEX

      to
        the
        Schedule to the

      ISDA
        Master Agreement

      dated
        as
        of November 30, 2006 between

      HSBC
        Bank
        USA, National Association (hereinafter referred to as “Party
        A”
        or
“Pledgor”)

      and

      Deutsche
        Bank National Trust Company, not individually but solely in its capacity
        as
        Supplemental Interest Trust Trustee on behalf of the Supplemental Interest
        Trust
        with respect to the First Franklin Mortgage Loan Trust 2006-FF16, Asset-Backed
        Certificates, Series 2006-FF16 

      (hereinafter
        referred to as “Party
        B”
        or
“Secured
        Party”).

      

      For
        the
        avoidance of doubt, and notwithstanding anything to the contrary that may
        be
        contained in the Agreement, this Credit Support Annex shall relate solely
        to the
        Transaction documented in the Confirmation dated November 30, 2006 between
        Party
        A and Party B, Reference Number 412192HN.

       

      Paragraph
        13. Elections and Variables.

       

      
        	(a)  	
                Security
                  Interest for “Obligations”.
                  The term “Obligations”
                  as
                  used in this Annex includes the following additional
                  obligations:

              

      

       

      With
        respect to Party A: not applicable.

       

      With
        respect to Party B: not applicable.

       

      
        	(b)  	
                Credit
                  Support Obligations.

              

      

       

      
        	(i)  	
                Delivery
                  Amount, Return Amount and Credit Support
                  Amount.

              

      

       

      
        	(A)  	
                “Delivery
                  Amount”
                  has the meaning specified in Paragraph 3(a) as amended (I) by deleting
                  the
                  words “upon a demand made by the Secured Party on or promptly following
                  a
                  Valuation Date” and inserting in lieu thereof the words “not later than
                  the close of business on each Valuation Date” and (II) by deleting in its
                  entirety the sentence beginning “Unless otherwise specified in Paragraph
                  13” and ending “(ii) the Value as of that Valuation Date of all Posted
                  Credit Support held by the Secured Party.” and inserting in lieu thereof
                  the following:

              

      

       

      The
        “Delivery
        Amount”
        applicable to the Pledgor for any Valuation Date will equal the greatest
        of

       

      
        	 	
                (1)
                  

              	
                the
                  amount by which (a) the S&P Credit Support Amount for such Valuation
                  Date exceeds (b) the S&P Value as of such Valuation Date of all Posted
                  Credit Support held by the Secured Party,

              

      

       

      
        	 	
                (2)
                  

              	
                the
                  amount by which (a) the Moody’s First Trigger Credit Support Amount for
                  such Valuation Date exceeds (b) the Moody’s First Trigger Value as of such
                  Valuation Date of all Posted Credit Support held by the Secured
                  Party,
                  and

              

      

       

      
        	 	
                (3)
                  

              	
                the
                  amount by which (a) the Moody’s Second Trigger Credit Support Amount for
                  such Valuation Date exceeds (b) the Moody’s Second Trigger Value as of
                  such Valuation Date of all Posted Credit Support held by the Secured
                  Party.

              

      

       

      
        	(B)  	
                “Return
                  Amount”
                  has the meaning specified in Paragraph 3(b) as amended by deleting
                  in its
                  entirety the sentence beginning “Unless otherwise specified in Paragraph
                  13” and ending “(ii) the Credit Support Amount.” and inserting in lieu
                  thereof the following:

              

      

       

      The
        “Return
        Amount”
        applicable to the Secured Party for any Valuation Date will equal the least
        of

       

      
        	 	
                (1)
                  

              	
                the
                  amount by which (a) the S&P Value as of such Valuation Date of all
                  Posted Credit Support held by the Secured Party exceeds (b) the
                  S&P
                  Credit Support Amount for such Valuation Date,

              

      

       

      
        	 	
                (2)
                  

              	
                the
                  amount by which (a) the Moody’s First Trigger Value as of such Valuation
                  Date of all Posted Credit Support held by the Secured Party exceeds
                  (b)
                  the Moody’s First Trigger Credit Support Amount for such Valuation Date,
                  and

              

      

       

      
        	 	
                (3)
                  

              	
                the
                  amount by which (a) the Moody’s Second Trigger Value as of such Valuation
                  Date of all Posted Credit Support held by the Secured Party exceeds
                  (b)
                  the Moody’s Second Trigger Credit Support Amount for such Valuation
                  Date.

              

      

       

      
        	(C)  	
                “Credit
                  Support Amount”
                  shall not apply. For purposes of calculating any Delivery Amount
                  or Return
                  Amount for any Valuation Date, reference shall be made to the S&P
                  Credit Support Amount, the Moody’s First Trigger Credit Support Amount, or
                  the Moody’s Second Trigger Credit Support Amount, in each case for such
                  Valuation Date, as provided in Paragraphs 13(b)(i)(A) and 13(b)(i)(B),
                  above.

              

      

       

      
        	(ii)  	
                Eligible
                  Collateral.
                  

              

      

       

      On
        any
        date, the following items will qualify as “Eligible
        Collateral”
(for
        the avoidance of doubt, all Eligible Collateral to be denominated in
        USD):

       

      
        
          
          

        

        
          
          

          
            

          

        

        
          
          

        

      

      

       

      
        	
                 

                Collateral
                  

              	
                S&P
                  Valuation 

                Percentage

              	
                Moody’s
                  

                First
                  Trigger Valuation
                  Percentage

              	
                Moody’s
                  

                Second
                  Trigger Valuation
                  Percentage

              
	
                (A)  Cash

              	
                100%

              	
                100%

              	
                100%

              
	
                (B)  Fixed-rate
                  negotiable debt obligations issued by the U.S. Treasury Department
                  having
                  a remaining maturity on such date of not more than one
                  year

              	
                98.5%

              	
                100%

              	
                100%

              
	
                (C)  Fixed-rate
                  negotiable debt obligations issued by the U.S. Treasury Department
                  having
                  a remaining maturity on such date of more than one year but not
                  more than
                  ten years

              	
                89.9%

              	
                100%

              	
                94%

              
	
                (D)  Fixed-rate
                  negotiable debt obligations issued by the U.S. Treasury Department
                  having
                  a remaining maturity on such date of more than ten years

              	
                83.9%

              	
                100%

              	
                87%

              

      

       

      
        	(iii)  	
                Other
                  Eligible Support. 

              

      

       

      The
        following items will qualify as “Other
        Eligible Support”
        for the
        party specified: 

       

      Not
        applicable.

       

      
        	(iv)  	
                Threshold.

              

      

       

      
        	(A)  	
                “Independent
                  Amount”
                  means zero with respect to Party A and Party
                  B.

              

      

       

      
        	(B)  	
                “Threshold”
                  means, with respect to Party A and any Valuation Date, zero if
                  (i) a
                  Collateral Event has occurred and has been continuing (x) for at
                  least 30
                  days or (y) since this Annex was executed, or (ii) a S&P Required
                  Ratings Downgrade Event has occurred and is continuing; otherwise,
                  infinity.

              

      

       

        “Threshold”
        means,
        with respect to Party B and any Valuation Date, infinity.

       

      
        	(C)  	
                “Minimum
                  Transfer Amount” means
                  USD 100,000 with respect to Party A and Party B; provided, however,
                  that
                  if the aggregate Certificate Principal Balance of Certificates
                  rated by
                  S&P ceases to be more than USD 50,000,000, the “Minimum
                  Transfer Amount”
                  shall be USD 50,000.

              

      

       

      
        	(D)  	
                Rounding:
                  The Delivery Amount will be rounded up to the nearest integral
                  multiple of
                  USD 10,000. The Return Amount will be rounded down to the nearest
                  integral
                  multiple of USD 1,000.

              

      

       

      
        	(c)  	
                Valuation
                  and Timing.

              

      

       

      
        	(i)  	
                “Valuation
                  Agent”
                  means Party A; provided, however, that if an Event of Default shall
                  have
                  occurred with respect to which Party A is the Defaulting Party,
                  Party B
                  shall have the right to designate as Valuation Agent an independent
                  party,
                  reasonably acceptable to Party A, the cost for which shall be borne
                  by
                  Party A. All calculations by the Valuation Agent must be made in
                  accordance with standard market practice, including, in the event
                  of a
                  dispute as to the Value of any Eligible Credit Support or Posted
                  Credit
                  Support, by making reference to quotations received by the Valuation
                  Agent
                  from one or more Pricing Sources.

              

      

       

      
        	(ii)  	
                “Valuation
                  Date” means
                  each Local Business Day on which any of the S&P Credit Support Amount,
                  the Moody’s First Trigger Credit Support Amount or the Moody’s Second
                  Trigger Credit Support Amount is greater than
                  zero.

              

      

       

      
        	(iii)  	
                “Valuation
                  Time” means
                  the close of business in the city of the Valuation Agent on the
                  Local
                  Business Day immediately preceding the Valuation Date or date of
                  calculation, as applicable; provided
                  that the calculations of Value and Exposure will be made as of
                  approximately the same time on the same date.

              

      

       

      
        	(iv)  	
                “Notification
                  Time” means
                  11:00 a.m., New York time, on a Local Business Day.
                  

              

      

       

      
        	(v)  	
                External
                  Verification. 
                  Notwithstanding anything to the contrary in the definitions of
                  Valuation
                  Agent or Valuation Date, at any time at which Party A (or, to the
                  extent
                  applicable, its Credit Support Provider) does not have a long-term
                  unsubordinated and unsecured debt rating of at least “BBB+” from S&P,
                  the Valuation Agent shall (A) calculate the Secured Party’s Exposure and
                  the S&P Value of Posted Credit Suppport on each Valuation Date based
                  on internal marks and (B) verify such calculations with external
                  marks
                  monthly by obtaining on the last Local Business Day of each calendar
                  month
                  two external marks for each Transaction to which this Annex relates
                  and
                  for all Posted Credit Suport; such verification of the Secured
                  Party’s
                  Exposure shall be based on the higher of the two external marks.
                  Each
                  external mark in respect of a Transaction shall be obtained from
                  an
                  independent Reference Market-maker that would be eligible and willing
                  to
                  enter into such Transaction in the absence of the current derivative
                  provider, provided that an external mark may not be obtained from
                  the same
                  Reference Market-maker more than four times in any 12-month period.
                  The
                  Valuation Agent shall obtain these external marks directly or through
                  an
                  independent third party, in either case at no cost to Party B.
                  The
                  Valuation Agent shall calculate on each Valuation Date (for purposes
                  of
                  this paragraph, the last Local Business Day in each calendar month
                  referred to above shall be considered a Valuation Date) the Secured
                  Party’s Exposure based on the greater of the Valuation Agent’s internal
                  marks and the external marks received. If the S&P Value on any such
                  Valuation Date of all Posted Credit Support then held by the Secured
                  Party
                  is less than the S&P Credit Support Amount on such Valuation Date (in
                  each case as determined pursuant to this paragraph), Party A shall,
                  within
                  three Local Business Days of such Valuation Date, Transfer to the
                  Secured
                  Party Eligible Credit Support having an S&P Value as of the date of
                  Transfer at least equal to such deficiency.

              

      

       

      
        	(vi)  	
                Notice
                  to S&P. 
                  At
                  any time at which Party A (or, to the extent applicable, its Credit
                  Support Provider) does not have a long-term unsubordinated and
                  unsecured
                  debt rating of at least “BBB+” from S&P, the Valuation Agent shall
                  provide to S&P not later than the Notification Time on the Local
                  Business Day following each Valuation Date its calculations of
                  the Secured
                  Party’s Exposure and the S&P Value of any Eligible Credit Support or
                  Posted Credit Support for that Valuation Date. The Valuation Agent
                  shall
                  also provide to S&P any external marks received pursuant to the
                  preceding paragraph.

              

      

       

      
        	(d)  	
                Conditions
                  Precedent and Secured Party’s Rights and
                  Remedies.
                  The following Termination Events will be a “Specified
                  Condition”
                  for the party specified (that party being the Affected Party if
                  the
                  Termination Event occurs with respect to that party): With respect
                  to
                  Party A: any Additional Termination Event with respect to which
                  Party A is
                  the sole Affected Party. With respect to Party B:
                  None.

              

      

       

      
        	(e)  	
                Substitution.

              

      

       

      
        	(i)  	
                “Substitution
                  Date”
                  has the meaning specified in Paragraph
                  4(d)(ii).

              

      

       

      
        	(ii)  	
                Consent.
                  If
                  specified here as applicable, then the Pledgor must obtain the
                  Secured
                  Party’s consent for any substitution pursuant to Paragraph 4(d):
                  Inapplicable.

              

      

       

      
        	(f)  	
                Dispute
                  Resolution.

              

      

       

      
        	(i)  	
                “Resolution
                  Time”
                  means 1:00 p.m. New York time on the Local Business Day following
                  the date
                  on which the notice of the dispute is given under Paragraph
                  5.

              

      

       

      
        	(ii)  	
                Value.
                  Notwithstanding anything to the contrary in Paragraph 12, for the
                  purpose
                  of Paragraphs 5(i)(C) and 5(ii), the S&P Value, Moody’s First Trigger
                  Value, and Moody’s Second Trigger Value, on any date, of Eligible
                  Collateral other than Cash will be calculated as follows:
                  

              

      

       

      For
        Eligible Collateral in the form of securities listed in Paragraph 13(b)(ii):
        the
        sum of (A) the product of (1)(x) the bid price at the Valuation Time for
        such
        securities on the principal national securities exchange on which such
        securities are listed, or (y) if such securities are not listed on a national
        securities exchange, the bid price for such securities quoted at the Valuation
        Time by any principal market maker for such securities selected by the Valuation
        Agent, or (z) if no such bid price is listed or quoted for such date, the
        bid
        price listed or quoted (as the case may be) at the Valuation Time for the
        day
        next preceding such date on which such prices were available and (2) the
        applicable Valuation Percentage for such Eligible Collateral, and (B) the
        accrued interest on such securities (except to the extent Transferred to
        the
        Pledgor pursuant to Paragraph 6(d)(ii) or included in the applicable price
        referred to in the immediately preceding clause (A)) as of such
        date.

       

      
        	(iii)  	
                Alternative.
                  The provisions of Paragraph 5 will
                  apply.

              

      

       

      
        	(g)  	
                Holding
                  and Using Posted
                  Collateral.

              

      

       

      
        	(i)  	
                Eligibility
                  to Hold Posted Collateral; Custodians.  Party
                  B (or any Custodian) will be entitled to hold Posted Collateral
                  pursuant
                  to Paragraph 6(b). 

              

      

       

      Party
        B
        may appoint as Custodian (A) the entity then serving as [Trustee] or (B)
        any
        entity other than the entity then serving as [Trustee] if such other entity
        (or,
        to the extent applicable, its parent company or credit support provider)
        shall
        then have a short-term unsecured and unsubordinated debt rating from S&P of
        at least “A-1.”

       

      Initially,
        the Custodian
        for
        Party B is: Not applicable.

       

      
        	(ii)  	
                Use
                  of Posted Collateral. The
                  provisions of Paragraph 6(c)(i) will not apply to Party B, but
                  the
                  provisions of Paragraph 6(c)(ii) will apply to Party B.
                  

              

      

       

      
        	(h)  	
                Distributions
                  and Interest Amount.

              

      

       

      
        	(i)  	
                Interest
                  Rate.
                  The “Interest
                  Rate”
                  will be the actual interest rate earned on Posted Collateral in
                  the form
                  of Cash that is held by Party B or its
                  Custodian.

              

      

       

      
        	(ii)  	
                Transfer
                  of Interest Amount.
                  The Transfer of the Interest Amount will be made on the second
                  Local
                  Business Day following the end of each calendar month and on any
                  other
                  Local Business Day on which Posted Collateral in the form of Cash
                  is
                  Transferred to the Pledgor pursuant to Paragraph 3(b); provided,
                  however,
                  that the obligation of Party B to Transfer any Interest Amount
                  to Party A
                  shall be limited to the extent that Party B has earned and received
                  such
                  funds and such funds are available to Party B.

              

      

       

      
        	(iii)  	
                Alternative
                  to Interest Amount.
                  The provisions of Paragraph 6(d)(ii) will
                  apply.

              

      

       

      
        	(i)  	
                Additional
                  Representation(s).
                  There are no additional representations by either
                  party.

              

      

       

      
        	(j)  	
                Other
                  Eligible Support and Other Posted Support.

              

      

       

      
        	(i)  	
                “Value”
                  with respect to Other Eligible Support and Other Posted Support
                  means: not
                  applicable. 

              

      

       

      
        	(ii)  	
                “Transfer”
                  with respect to Other Eligible Support and Other Posted Support
                  means: not
                  applicable.

              

      

       

      
        	(k)  	
                Demands
                  and Notices.All
                  demands, specifications and notices under this Annex will be made
                  pursuant
                  to the Notices Section of this Agreement, except that any demand,
                  specification or notice shall be given to or made at the following
                  addresses, or at such other address as the relevant party may from
                  time to
                  time designate by giving notice (in accordance with the terms of
                  this
                  paragraph) to the other party:

              

      

       

      If
        to
        Party A, [at the address specified pursuant to the Notices Section of this
        Agreement].

       

      If
        to
        Party B, [at the address specified pursuant to the Notices Section of this
        Agreement].

       

      If
        to
        Party B’s Custodian: [
        ]

       

      
        	(l)  	
                Address
                  for Transfers.
                  Each Transfer hereunder shall be made to the address [specified
                  below or
                  to an address] specified in writing from time to time by the party
                  to
                  which such Transfer will be made.

              

      

       

      [Party
        A
        account details]

       

      [Party
        B
        account details]

       

      [Party
        B’s Custodian account details]

       

      
        	(m)  	
                Other
                  Provisions.

              

      

       

      
        	(i)  	
                Collateral
                  Account.
                  Party B shall open and maintain a segregated account, which shall
                  be an
                  [Eligible Account], and hold, record and identify all Posted Collateral
                  in
                  such segregated account.

              

      

       

      
        	(ii)  	
                Agreement
                  as to Single Secured Party and Single Pledgor.
                  Party A and Party B hereby agree that, notwithstanding anything
                  to the
                  contrary in this Annex, (a) the term “Secured Party” as used in this Annex
                  means only Party B, (b) the term “Pledgor” as used in this Annex means
                  only Party A, (c) only Party A makes the pledge and grant in Paragraph
                  2,
                  the acknowledgement in the final sentence of Paragraph 8(a) and
                  the
                  representations in Paragraph 9.

              

      

       

      
        	(iii)  	
                Calculation
                  of Value.
                  Paragraph 4(c) is hereby amended by deleting the word “Value” and
                  inserting in lieu thereof “S&P Value, Moody’s First Trigger Value,
                  Moody’s Second Trigger Value”. Paragraph 4(d)(ii) is hereby amended by (A)
                  deleting the words “a Value” and inserting in lieu thereof “an S&P
                  Value, Moody’s First Trigger Value, and Moody’s Second Trigger Value” and
                  (B) deleting the words “the Value” and inserting in lieu thereof “S&P
                  Value, Moody’s First Trigger Value, and Moody’s Second Trigger Value”.
                  Paragraph 5 (flush language) is hereby amended by deleting the
                  word
                  “Value” and inserting in lieu thereof “S&P Value, Moody’s First
                  Trigger Value, or Moody’s Second Trigger Value”. Paragraph 5(i) (flush
                  language) is hereby amended by deleting the word “Value” and inserting in
                  lieu thereof “S&P Value, Moody’s First Trigger Value, and Moody’s
                  Second Trigger Value”. Paragraph 5(i)(C) is hereby amended by deleting the
                  word “the Value, if” and inserting in lieu thereof “any one or more of the
                  S&P Value, Moody’s First Trigger Value, or Moody’s Second Trigger
                  Value, as may be”. Paragraph 5(ii) is hereby amended by (1) deleting the
                  first instance of the words “the Value” and inserting in lieu thereof “any
                  one or more of the S&P Value, Moody’s First Trigger Value, or Moody’s
                  Second Trigger Value” and (2) deleting the second instance of the words
                  “the Value” and inserting in lieu thereof “such disputed S&P Value,
                  Moody’s First Trigger Value, or Moody’s Second Trigger Value”. Each of
                  Paragraph 8(b)(iv)(B) and Paragraph 11(a) is hereby amended by
                  deleting
                  the word “Value” and inserting in lieu thereof “least of the S&P
                  Value, Moody’s First Trigger Value, and Moody’s Second Trigger Value”.
                  

              

      

       

      
        	(iv)  	
                Form
                  of Annex. Party
                  A and Party B hereby agree that the text of Paragraphs 1 through
                  12,
                  inclusive, of this Annex is intended to be the printed form of
                  ISDA Credit
                  Support Annex (Bilateral Form - ISDA Agreements Subject to New
                  York Law
                  Only version) as published and copyrighted in 1994 by the International
                  Swaps and Derivatives Association,
                  Inc.

              

      

       

      
        	(v)  	
                Events
                  of Default.
                  Paragraph 7 will not apply to cause any Event of Default to exist
                  with
                  respect to Party B except that Paragraph 7(i) will apply to Party
                  B solely
                  in respect of Party B’s obligations under Paragraph 3(b) of the Credit
                  Support Annex. Notwithstanding anything to the contrary in Paragraph
                  7,
                  any failure by Party A to comply with or perform any obligation
                  to be
                  complied with or performed by Party A under the Credit Support
                  Annex shall
                  only be an Event of Default if (A) either
                  (i) a Moody’s Required Ratings Downgrade Event has occurred and been
                  continuing for 30 or more Local Business Days, or (ii) a S&P Required
                  Ratings Downgrade Event has occurred and been continuing for 30
                  or more
                  Local Business Days, and (B) such failure is not remedied on or
                  before the
                  third Local Business Day after notice of such failure is given
                  to Party
                  A.

              

      

       

      
        	(vi)  	
                Expenses.
                  Notwithstanding anything to the contrary in Paragraph 10, the Pledgor
                  will
                  be responsible for, and will reimburse the Secured Party for, all
                  transfer
                  and other taxes and other costs involved in any Transfer of Eligible
                  Collateral.

              

      

       

      
        	(vii)  	
                Withholding.
                  Paragraph 6(d)(ii) is hereby amended by inserting immediately after
“the
                  Interest Amount” in the fourth line thereof the words “less any applicable
                  withholding taxes.”

              

      

       

      
        	(viii)  	
                Notice
                  of Failure to Post Collateral. Upon
                  any failure by Party A to post collateral as required under this
                  Agreement, Party B shall, no later than the next Business Day after
                  the
                  date such collateral was required to be posted, give a written
                  notice of
                  such failure to Party A and to Depositor. For the avoidance of
                  doubt,
                  notwithstanding anything in this Agreement to the contrary, the
                  failure of
                  Party B to comply with the requirements of this paragraph shall
                  not
                  constitute an Event of Default or Termination Event.
                  

              

      

       

      (ix) Additional
        Definitions.
        As used
        in this Annex:

       

      “Collateral
        Event” means
        that no Relevant Entity has credit ratings at least equal to the Approved
        Ratings Threshold.

       

      “Exposure”
        has the
        meaning specified in Paragraph 12, except that after the word “Agreement” the
        words “(assuming, for this purpose only, that Part 1(f) of the Schedule is
        deleted)” shall be inserted. 

       

      “Local
        Business Day”
means:
        any day on which (A) commercial banks are open for business (including dealings
        in foreign exchange and foreign currency deposits) in New York and the location
        of Party A, Party B and any Custodian, and (B) in relation to a Transfer
        of
        Eligible Collateral, any day on which the clearance system agreed between
        the
        parties for the delivery of Eligible Collateral is open for acceptance and
        execution of settlement instructions (or in the case of a Transfer of Cash
        or
        other Eligible Collateral for which delivery is contemplated by other means
        a
        day on which commercial banks are open for business (including dealings in
        foreign exchange and foreign deposits) in New York and the location of Party
        A,
        Party B and any Custodian. 

       

      “Moody’s
        First Trigger Event” means
        that no Relevant Entity has credit ratings from Moody’s at least equal to the
        Moody’s First Trigger Ratings Threshold.

       

      “Moody’s
        First Trigger Credit Support Amount” means,
        for any Valuation Date, the excess, if any, of

       

      
        	 	
                (I)

              	
                (A)

              	
                for
                  any Valuation Date on which (I) a Moody’s First Trigger Event has occurred
                  and has been continuing (x) for at least 30 Local Business Days
                  or (y)
                  since this Annex was executed and (II) it is not the case that
                  a Moody’s
                  Second Trigger Event has occurred and been continuing for at least
                  30
                  Local Business Days, an amount equal to the greater of (a) zero
                  and (b)
                  the sum of (i) the Secured Party’s Exposure for such Valuation Date and
                  (ii) the sum, for each Transaction to which this Annex relates,
                  of the
                  product of the applicable Moody’s First Trigger Factor set forth in Table
                  1 and the Notional Amount for such Transaction for the Calculation
                  Period
                  which includes such Valuation Date; or

              

      

       

      
        	 	
                (B)

              	
                for
                  any other Valuation Date, zero,
                  over

              

      

       

      (II) the
        Threshold for Party A such Valuation Date.

       

      “Moody’s
        First Trigger Value”
        means,
        on any date and with respect to any Eligible Collateral other than Cash,
        the bid
        price obtained by the Valuation Agent multiplied by the Moody’s First Trigger
        Valuation Percentage for such Eligible Collateral set forth in Paragraph
        13(b)(ii).

       

      “Moody’s
        Second Trigger Event” means
        that no Relevant Entity has credit ratings from Moody’s at least equal to the
        Moody’s Second Trigger Ratings Threshold.

       

      “Moody’s
        Second Trigger Credit Support Amount”
        means,
        for any Valuation Date, the excess, if any, of

       

      
        	 	
                (I)

              	
                (A)

              	
                for
                  any Valuation Date on which it is the case that a Moody’s Second Trigger
                  Event has occurred and been continuing for at least 30 Local Business
                  Days, an amount equal to the greatest of (a) zero, (b) the aggregate
                  amount of the next payment due to be paid by Party A under each
                  Transaction to which this Annex relates, and (c) the sum of (x)
                  the
                  Secured Party’s Exposure for such Valuation Date and (y) the sum, for each
                  Transaction to which this Annex relates, of

              

      

       

      (1)
        if
        such Transaction is not a Transaction-Specific Hedge, the product of the
        applicable Moody’s Second Trigger Factor set forth in Table 2 and the Notional
        Amount for such Transaction for the Calculation Period which includes such
        Valuation Date;
        or

       

      (2)
        the
        product of the applicable Moody’s Second Trigger Factor set forth in Table 3 and
        the Notional Amount for such Transaction for the Calculation Period which
        includes such Valuation Date; or 

       

      
        	 	
                (B)

              	
                for
                  any other Valuation Date, zero,
                  over

              

      

       

      (II) the
        Threshold for Party A for such Valuation Date.

       

      “Moody’s
        Second Trigger Value”
        means,
        on any date and with respect to any Eligible Collateral other than Cash,
        the bid
        price obtained by the Valuation Agent multiplied by the Moody’s Second Trigger
        Valuation Percentage for such Eligible Collateral set forth in Paragraph
        13(b)(ii).

       

      “Pricing
        Sources”
        means
        the sources of financial information commonly known as Bloomberg, Bridge
        Information Services, Data Resources Inc., Interactive Data Services,
        International Securities Market Association, Merrill Lynch Securities Pricing
        Service, Muller Data Corporation, Reuters, Wood Gundy, Trepp Pricing, JJ
        Kenny,
        S&P and Telerate.

       

      “S&P
        Credit Support Amount”
        means,
        for any Valuation Date, the excess, if any, of

       

      
        	 	
                (I)

              	
                (A)
                  

              	
                for
                  any Valuation Date on which (i) an S&P Rating Threshold Event has
                  occurred and been continuing for at least 30 days, or (ii) a S&P
                  Required Ratings Downgrade Event has occurred and is continuing,
                  an amount
                  equal to the sum of (1) 100.0% of the Secured Party’s Exposure for such
                  Valuation Date and (2) for each Transaction to which this Annex
                  relates,
                  the product of the Volatility Buffer for such Transaction and the
                  Notional
                  Amount of such Transaction for the Calculation Period of such Transaction
                  which includes such Valuation Date, or

              

      

       

      
        	 	
                (B)

              	
                for
                  any other Valuation Date, zero,
                  over

              

      

       

      (II) the
        Threshold for Party A for such Valuation Date.

       

      “S&P
        Rating Threshold Event”
        means,
        on any date, no Relevant Entity has credit ratings from S&P which equal or
        exceed the S&P Approved Ratings Threshold.

       

      “S&P
        Value”
        means,
        on any date and with respect to any Eligible Collateral other than Cash,
        the
        product of (A) the bid price obtained by the Valuation Agent for such Eligible
        Collateral and (B) the S&P Valuation Percentage for such Eligible Collateral
        set forth in paragraph 13(b)(ii).

       

      “Transaction
        Exposure”
        means,
        for any Transaction, Exposure determined as if such Transaction were the
        only
        Transaction between the Secured Party and the Pledgor.

       

      “Transaction-Specific
        Hedge” means
        any
        Transaction that is an interest rate cap, interest rate floor or interest
        rate
        swaption, or an interest rate swap if (x) the notional amount of the interest
        rate swap is “balance guaranteed” or (y) the notional amount of the interest
        rate swap for any Calculation Period otherwise is not a specific dollar amount
        that is fixed at the inception of the Transaction.

       

      “Valuation
        Percentage”
        shall
        mean, for purposes of determining the S&P Value, Moody’s First Trigger
        Value, or Moody’s Second Trigger Value with respect to any Eligible Collateral
        or Posted Collateral, the applicable S&P Valuation Percentage, Moody’s First
        Trigger Valuation Percentage, or Moody’s Second Trigger Valuation Percentage for
        such Eligible Collateral or Posted Collateral, respectively, in each case
        as set
        forth in Paragraph 13(b)(ii).

       

      “Value”
        shall
        mean, in respect of any date, the related S&P Value, the related Moody’s
        First Trigger Value, and the related Moody’s Second Trigger Value.

       

      “Volatility
        Buffer”
        means,
        for any Transaction, the related percentage set forth in the following table.
        

       

      
        	
                The
                  higher of the S&P short-term credit rating of (i) Party A and (ii) the
                  Credit Support Provider of Party A, if applicable

              	
                Remaining
                  Weighted Average Maturity 

                up
                  to 3 years

              	
                Remaining
                  Weighted Average Maturity

                up
                  to 5 years

              	
                Remaining
                  Weighted Average Maturity

                up
                  to 10 years

              	
                Remaining
                  Weighted Average Maturity

                up
                  to 30 years

              
	
                At
                  least “A-2”

              	
                2.75%

              	
                3.25%

              	
                4.00%

              	
                4.75%

              
	
                “A-3”

              	
                3.25%

              	
                4.00%

              	
                5.00%

              	
                6.25%

              
	
                “BB+”
                  or
                  lower

              	
                3.50%

              	
                4.50%

              	
                6.75%

              	
                7.50%

              

      

      

       

      

       

      

       

      [Remainder
        of this page intentionally left blank]

       

      
        
          
          

        

        
          
          

          
            

          

        

        
          
          

        

      

      Table
        1

       

      Moody’s
        First Trigger Factor

       

      
        	
                Remaining

                Weighted
                  Average Life 

                of
                  Hedge in Years

              	
                Daily

                Collateral

                Posting

              
	
                1
                  or less

              	
                0.15%

              
	
                More
                  than 1 but not more than 2

              	
                0.30%

              
	
                More
                  than 2 but not more than 3

              	
                0.40%

              
	
                More
                  than 3 but not more than 4

              	
                0.60%

              
	
                More
                  than 4 but not more than 5

              	
                0.70%

              
	
                More
                  than 5 but not more than 6

              	
                0.80%

              
	
                More
                  than 6 but not more than 7

              	
                1.00%

              
	
                More
                  than 7 but not more than 8

              	
                1.10%

              
	
                More
                  than 8 but not more than 9

              	
                1.20%

              
	
                More
                  than 9 but not more than 10

              	
                1.30%

              
	
                More
                  than 10 but not more than 11

              	
                1.40%

              
	
                More
                  than 11 but not more than 12

              	
                1.50%

              
	
                More
                  than 12 but not more than 13

              	
                1.60%

              
	
                More
                  than 13 but not more than 14

              	
                1.70%

              
	
                More
                  than 14 but not more than 15

              	
                1.80%

              
	
                More
                  than 15 but not more than 16

              	
                1.90%

              
	
                More
                  than 16 but not more than 17

              	
                2.00%

              
	
                More
                  than 17 but not more than 18

              	
                2.00%

              
	
                More
                  than 18 but not more than 19

              	
                2.00%

              
	
                More
                  than 19 but not more than 20

              	
                2.00%

              
	
                More
                  than 20 but not more than 21

              	
                2.00%

              
	
                More
                  than 21 but not more than 22

              	
                2.00%

              
	
                More
                  than 22 but not more than 23

              	
                2.00%

              
	
                More
                  than 23 but not more than 24

              	
                2.00%

              
	
                More
                  than 24 but not more than 25

              	
                2.00%

              
	
                More
                  than 25 but not more than 26

              	
                2.00%

              
	
                More
                  than 26 but not more than 27

              	
                2.00%

              
	
                More
                  than 27 but not more than 28

              	
                2.00%

              
	
                More
                  than 28 but not more than 29

              	
                2.00%

              
	
                More
                  than 29

              	
                2.00%

              

      

      

       

      
        
          
          

        

        
          
          

          
            

          

        

        
          
          

        

      

      Table
        2

       

      Moody’s
        Second Trigger Factor for Interest Rate Swaps with Fixed Notional
        Amounts

       

      
        	
                Remaining

                Weighted
                  Average Life 

                of
                  Hedge in Years

              	
                Daily

                Collateral

                Posting

              
	
                1
                  or less

              	
                0.50%

              
	
                More
                  than 1 but not more than 2

              	
                1.00%

              
	
                More
                  than 2 but not more than 3

              	
                1.50%

              
	
                More
                  than 3 but not more than 4

              	
                1.90%

              
	
                More
                  than 4 but not more than 5

              	
                2.40%

              
	
                More
                  than 5 but not more than 6

              	
                2.80%

              
	
                More
                  than 6 but not more than 7

              	
                3.20%

              
	
                More
                  than 7 but not more than 8

              	
                3.60%

              
	
                More
                  than 8 but not more than 9

              	
                4.00%

              
	
                More
                  than 9 but not more than 10

              	
                4.40%

              
	
                More
                  than 10 but not more than 11

              	
                4.70%

              
	
                More
                  than 11 but not more than 12

              	
                5.00%

              
	
                More
                  than 12 but not more than 13

              	
                5.40%

              
	
                More
                  than 13 but not more than 14

              	
                5.70%

              
	
                More
                  than 14 but not more than 15

              	
                6.00%

              
	
                More
                  than 15 but not more than 16

              	
                6.30%

              
	
                More
                  than 16 but not more than 17

              	
                6.60%

              
	
                More
                  than 17 but not more than 18

              	
                6.90%

              
	
                More
                  than 18 but not more than 19

              	
                7.20%

              
	
                More
                  than 19 but not more than 20

              	
                7.50%

              
	
                More
                  than 20 but not more than 21

              	
                7.80%

              
	
                More
                  than 21 but not more than 22

              	
                8.00%

              
	
                More
                  than 22 but not more than 23

              	
                8.00%

              
	
                More
                  than 23 but not more than 24

              	
                8.00%

              
	
                More
                  than 24 but not more than 25

              	
                8.00%

              
	
                More
                  than 25 but not more than 26

              	
                8.00%

              
	
                More
                  than 26 but not more than 27

              	
                8.00%

              
	
                More
                  than 27 but not more than 28

              	
                8.00%

              
	
                More
                  than 28 but not more than 29

              	
                8.00%

              
	
                More
                  than 29

              	
                8.00%

              

      

      

       

      

       

      

       

      
        
          
          

        

        
          
          

          
            

          

        

        
          
          

        

      

      Table
        3

       

      Moody’s
        Second Trigger Factor for Transaction-Specific Hedges

       

      
        	
                Remaining

                Weighted
                  Average Life 

                of
                  Hedge in Years

              	
                Daily

                Collateral

                Posting

              
	
                1
                  or less

              	
                0.65%

              
	
                More
                  than 1 but not more than 2

              	
                1.30%

              
	
                More
                  than 2 but not more than 3

              	
                1.90%

              
	
                More
                  than 3 but not more than 4

              	
                2.50%

              
	
                More
                  than 4 but not more than 5

              	
                3.10%

              
	
                More
                  than 5 but not more than 6

              	
                3.60%

              
	
                More
                  than 6 but not more than 7

              	
                4.20%

              
	
                More
                  than 7 but not more than 8

              	
                4.70%

              
	
                More
                  than 8 but not more than 9

              	
                5.20%

              
	
                More
                  than 9 but not more than 10

              	
                5.70%

              
	
                More
                  than 10 but not more than 11

              	
                6.10%

              
	
                More
                  than 11 but not more than 12

              	
                6.50%

              
	
                More
                  than 12 but not more than 13

              	
                7.00%

              
	
                More
                  than 13 but not more than 14

              	
                7.40%

              
	
                More
                  than 14 but not more than 15

              	
                7.80%

              
	
                More
                  than 15 but not more than 16

              	
                8.20%

              
	
                More
                  than 16 but not more than 17

              	
                8.60%

              
	
                More
                  than 17 but not more than 18

              	
                9.00%

              
	
                More
                  than 18 but not more than 19

              	
                9.40%

              
	
                More
                  than 19 but not more than 20

              	
                9.70%

              
	
                More
                  than 20 but not more than 21

              	
                10.00%

              
	
                More
                  than 21 but not more than 22

              	
                10.00%

              
	
                More
                  than 22 but not more than 23

              	
                10.00%

              
	
                More
                  than 23 but not more than 24

              	
                10.00%

              
	
                More
                  than 24 but not more than 25

              	
                10.00%

              
	
                More
                  than 25 but not more than 26

              	
                10.00%

              
	
                More
                  than 26 but not more than 27

              	
                10.00%

              
	
                More
                  than 27 but not more than 28

              	
                10.00%

              
	
                More
                  than 28 but not more than 29

              	
                10.00%

              
	
                More
                  than 29

              	
                10.00%

              

      

      

       

      
        
          
          

        

        
          
          

          
            

          

        

        
          
          

        

      

      IN
        WITNESS WHEREOF, the parties have executed this Annex by their duly authorized
        representatives as of the date of the Agreement.

       

      
        	
                HSBC
                  Bank USA, National Association

              	
                Deutsche
                  Bank National Trust Company, not individually but solely in its
                  capacity
                  as Supplemental Interest Trust Trustee on behalf of the Supplemental
                  Interest Trust with respect to the First Franklin Mortgage Loan
                  Trust
                  2006-FF16, Asset-Backed Certificates, Series 2006-FF16

                 

              
	
                By: _____________________________

                Name
                  

                Title:
                  

                Date:
                  

              	
                By:
                  ______________________________________

                Name:
                  

                Title:
                  

                Date:
                  

              

      

      

       

      

    

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    EXHIBIT
      R-1

     

    FORM
      OF
      WATCHLIST REPORT

     

    Available
      Upon Request

    

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    EXHIBIT
      R-2 

     

    FORM
      OF
      LOSS SEVERITY REPORT

     

    Available
      Upon Request

    

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

        
        

      

    

    EXHIBIT
      R-3 

    

    FORM
      PREPAYMENT PREMIUMS REPORT

     

    Available
      Upon Request

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    EXHIBIT
      R-4

     

    FORM
      OF
      ANALYTICS REPORT 

     

    Available
      Upon Request

    

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    

     

    EXHIBIT
      S

     

    SERVICING
      CRITERIA TO BE ADDRESSED

    IN
      ASSESSMENT OF COMPLIANCE

    

    Definitions

    Primary
      Servicer - transaction party having borrower contact

    Master
      Servicer - aggregator of pool assets

    Securities
      Administrator - waterfall calculator (may be the Trustee, or may be the Master
      Servicer)

    Back-up
      Servicer - named in the transaction (in the event a Back up Servicer becomes
      the
      Primary Servicer, follow Primary Servicer obligations)

    Custodian
      - safe keeper of pool assets

    Paying
      Agent - distributor of funds to ultimate investor 

    Trustee
      -
      fiduciary of the transaction

    

    Note:
      The
      definitions above describe the essential function that the party performs,
      rather than the party’s title. So, for example, in a particular transaction, the
      trustee may perform the “paying agent” and “securities administrator” functions,
      while in another transaction, the securities administrator may perform these
      functions.

    

    Where
      there are multiple checks for criteria the attesting party will identify in
      their management assertion that they are attesting only to the portion of the
      distribution chain they are responsible for in the related transaction
      agreements.

    

    Key:        
      X
      - obligation

    [X]
      - under consideration for obligation

    

    
      	
              Reg
                AB Reference

            	
              Servicing
                Criteria

            	
              Primary
                Servicer

            	
              Master
                Servicer

            	
              Credit
                Risk Manager

            	
              Trustee

            
	 	
              General
                Servicing Considerations

            	 	 	 	 
	
              1122(d)(1)(i)

            	
              Policies
                and procedures are instituted to monitor any performance or other
                triggers
                and events of default in accordance with the transaction
                agreements.

            	
              X

            	
              X

            	 	
              X

            
	
              1122(d)(1)(ii)

            	
              If
                any material servicing activities are outsourced to third parties,
                policies and procedures are instituted to monitor the third party’s
                performance and compliance with such servicing activities.

            	
              X

            	
              X

            	 	
              X

            
	
              1122(d)(1)(iii)

            	
              Any
                requirements in the transaction agreements to maintain a back-up
                servicer
                for the Pool Assets are maintained. 

            	 	 	 	 
	
              1122(d)(1)(iv)

            	
              A
                fidelity bond and errors and omissions policy is in effect on the
                party
                participating in the servicing function throughout the reporting
                period in
                the amount of coverage required by and otherwise in accordance with
                the
                terms of the transaction agreements. 

            	
              X

            	
              X

            	 	 
	 	
              Cash
                Collection and Administration

            	 	 	 	 
	
              1122(d)(2)(i)

            	
              Payments
                on pool assets are deposited into the appropriate custodial bank
                accounts
                and related bank clearing accounts no more than two business days
                following receipt, or such other number of days specified in the
                transaction agreements. 

            	
              X

            	
              X

            	 	
              X

            
	
              1122(d)(2)(ii)

            	
              Disbursements
                made via wire transfer on behalf of an obligor or to an investor
                are made
                only by authorized personnel. 

            	
              X

            	
              X

            	 	
              X

            
	
              1122(d)(2)(iii)

            	
              Advances
                of funds or guarantees regarding collections, cash flows or distributions,
                and any interest or other fees charged for such advances, are made,
                reviewed and approved as specified in the transaction agreements.
                

            	
              X

            	
              X

            	 	 
	
              1122(d)(2)(iv)

            	
              The
                related accounts for the transaction, such as cash reserve accounts
                or
                accounts established as a form of over collateralization, are separately
                maintained (e.g., with respect to commingling of cash) as set forth
                in the
                transaction agreements. 

            	
              X

            	
              X

            	 	
              X

            
	
              1122(d)(2)(v)

            	
              Each
                custodial account is maintained at a federally insured depository
                institution as set forth in the transaction agreements. For purposes
                of
                this criterion, “federally insured depository institution” with respect to
                a foreign financial institution means a foreign financial institution
                that
                meets the requirements of Rule 13k-1(b)(1) of the Securities Exchange
                Act.
                

            	
              X

            	
              X

            	 	
              X

            
	
              1122(d)(2)(vi)

            	
              Unissued
                checks are safeguarded so as to prevent unauthorized access.
                

            	
              X

            	 	 	 
	
              1122(d)(2)(vii)
                

            	
              Reconciliations
                are prepared on a monthly basis for all asset-backed securities related
                bank accounts, including custodial accounts and related bank clearing
                accounts. These reconciliations are (A) mathematically accurate;
                (B)
                prepared within 30 calendar days after the bank statement cutoff
                date, or
                such other number of days specified in the transaction agreements;
                (C)
                reviewed and approved by someone other than the person who prepared
                the
                reconciliation; and (D) contain explanations for reconciling items.
                These
                reconciling items are resolved within 90 calendar days of their original
                identification, or such other number of days specified in the transaction
                agreements. 

            	
              X

            	
              X

            	 	
              X

            
	 	
              Investor
                Remittances and Reporting

            	 	 	 	 
	
              1122(d)(3)(i)

            	
              Reports
                to investors, including those to be filed with the Commission, are
                maintained in accordance with the transaction agreements and applicable
                Commission requirements. Specifically, such reports (A) are prepared
                in
                accordance with timeframes and other terms set forth in the transaction
                agreements; (B) provide information calculated in accordance with
                the
                terms specified in the transaction agreements; (C) are filed with
                the
                Commission as required by its rules and regulations; and (D) agree
                with
                investors’ or the trustee’s records as to the total unpaid principal
                balance and number of Pool Assets serviced by the Servicer.
                

            	
              X

            	
              X

            	
              X

            	
              X

            
	
              1122(d)(3)(ii)

            	
              Amounts
                due to investors are allocated and remitted in accordance with timeframes,
                distribution priority and other terms set forth in the transaction
                agreements. 

            	
              X

            	
              X

            	 	
              X

            
	
              1122(d)(3)(iii)

            	
              Disbursements
                made to an investor are posted within two business days to the Servicer’s
                investor records, or such other number of days specified in the
                transaction agreements. 

            	
              X

            	
              X

            	 	
              X

            
	
              1122(d)(3)(iv)

            	
              Amounts
                remitted to investors per the investor reports agree with cancelled
                checks, or other form of payment, or custodial bank statements.
                

            	
              X

            	
              X

            	 	
              X

            
	 	
              Pool
                Asset Administration

            	 	 	 	 
	
              1122(d)(4)(i)
                

            	
              Collateral
                or security on pool assets is maintained as required by the transaction
                agreements or related pool asset documents. 

            	
              X

            	
               

            	 	 
	
              1122(d)(4)(ii)

            	
              Pool
                assets and related documents are safeguarded as required by the
                transaction agreements 

            	
              X

            	 	 	 
	
              1122(d)(4)(iii)

            	
              Any
                additions, removals or substitutions to the asset pool are made,
                reviewed
                and approved in accordance with any conditions or requirements in
                the
                transaction agreements. 

            	
              X

            	 	 	 
	
              1122(d)(4)(iv)

            	
              Payments
                on pool assets, including any payoffs, made in accordance with the
                related
                pool asset documents are posted to the Servicer’s obligor records
                maintained no more than two business days after receipt, or such
                other
                number of days specified in the transaction agreements, and allocated
                to
                principal, interest or other items (e.g., escrow) in accordance with
                the
                related pool asset documents. 

            	
              X

            	 	 	 
	
              1122(d)(4)(v)

            	
              The
                Servicer’s records regarding the pool assets agree with the Servicer’s
                records with respect to an obligor’s unpaid principal balance.
                

            	
              X

            	 	 	 
	
              1122(d)(4)(vi)

            	
              Changes
                with respect to the terms or status of an obligor's pool assets (e.g.,
                loan modifications or re-agings) are made, reviewed and approved
                by
                authorized personnel in accordance with the transaction agreements
                and
                related pool asset documents. 

            	
              X

            	 	 	 
	
              1122(d)(4)(vii)

            	
              Loss
                mitigation or recovery actions (e.g., forbearance plans, modifications
                and
                deeds in lieu of foreclosure, foreclosures and repossessions, as
                applicable) are initiated, conducted and concluded in accordance
                with the
                timeframes or other requirements established by the transaction
                agreements. 

            	
              X

            	 	 	 
	
              1122(d)(4)(viii)

            	
              Records
                documenting collection efforts are maintained during the period a
                pool
                asset is delinquent in accordance with the transaction agreements.
                Such
                records are maintained on at least a monthly basis, or such other
                period
                specified in the transaction agreements, and describe the entity’s
                activities in monitoring delinquent pool assets including, for example,
                phone calls, letters and payment rescheduling plans in cases where
                delinquency is deemed temporary (e.g., illness or unemployment).
                

            	
              X

            	 	 	 
	
              1122(d)(4)(ix)

            	
              Adjustments
                to interest rates or rates of return for pool assets with variable
                rates
                are computed based on the related pool asset documents. 

            	
              X

            	 	 	 
	
              1122(d)(4)(x)

            	
              Regarding
                any funds held in trust for an obligor (such as escrow accounts):
                (A) such
                funds are analyzed, in accordance with the obligor’s pool asset documents,
                on at least an annual basis, or such other period specified in the
                transaction agreements; (B) interest on such funds is paid, or credited,
                to obligors in accordance with applicable pool asset documents and
                state
                laws; and (C) such funds are returned to the obligor within 30 calendar
                days of full repayment of the related pool assets, or such other
                number of
                days specified in the transaction agreements. 

            	
              X

            	 	 	 
	
              1122(d)(4)(xi)

            	
              Payments
                made on behalf of an obligor (such as tax or insurance payments)
                are made
                on or before the related penalty or expiration dates, as indicated
                on the
                appropriate bills or notices for such payments, provided that such
                support
                has been received by the servicer at least 30 calendar days prior
                to these
                dates, or such other number of days specified in the transaction
                agreements. 

            	
              X

            	 	 	 
	
              1122(d)(4)(xii)

            	
              Any
                late payment penalties in connection with any payment to be made
                on behalf
                of an obligor are paid from the Servicer’s funds and not charged to the
                obligor, unless the late payment was due to the obligor’s error or
                omission. 

            	
              X

            	 	 	 
	
              1122(d)(4)(xiii)

            	
              Disbursements
                made on behalf of an obligor are posted within two business days
                to the
                obligor’s records maintained by the servicer, or such other number of days
                specified in the transaction agreements. 

            	
              X

            	 	 	 
	
              1122(d)(4)(xiv)
                

            	
              Delinquencies,
                charge-offs and uncollectible accounts are recognized and recorded
                in
                accordance with the transaction agreements. 

            	
              X

            	
              X

            	 	 
	
              1122(d)(4)(xv)

            	
              Any
                external enhancement or other support, identified in Item 1114(a)(1)
                through (3) or Item 1115 of Regulation AB, is maintained as set forth
                in
                the transaction agreements. 

            	 	 	 	
              X

            

    

    

    

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

        
        

      

    

    EXHIBIT
      T

     

    FORM
      10-D, FORM 8-K AND FORM 10-K

    REPORTING
      RESPONSIBILITY

    

    As
      to
      each item described below, the entity indicated as the Responsible Party shall
      be primarily responsible for reporting the information to the Trustee pursuant
      to Section 4.07(a)(iv). 

    

    Under
      Item 1 of Form 10-D: a) items marked “4.02 statement” are required to be
      included in the periodic Distribution Date statement under Section 4.02,
      provided by the Trustee based on information received from the Servicer; and
      b)
      items marked “Form 10-D report” are required to be in the Form 10-D report but
      not the 4.02 statement, provided by the party indicated. Information under
      all
      other Items of Form 10-D is to be included in the Form 10-D report.

    

    
      	
              Form

            	
              Item

            	
              Description

            	
              Responsible
                Party

            
	
              10-D

            	
              Must
                be filed within 15 days of the Distribution Date.

            
	
              1

            	
              Distribution
                and Pool Performance Information

            	 
	
              Item
                1121(a) - Distribution and Pool Performance
                Information

            	 
	
              (1)
                Any applicable record dates, accrual dates, determination dates for
                calculating distributions and actual distribution dates for the
                distribution period.

            	
              4.02
                statement

            
	
              (2)
                Cash flows received and the sources thereof for distributions, fees
                and
                expenses.

            	
              4.02
                statement

            
	
              (3)
                Calculated amounts and distribution of the flow of funds for the
                period
                itemized by type and priority of payment, including:

            	
              4.02
                statement

            
	
              (i)
                Fees or expenses accrued and paid, with an identification of the
                general
                purpose of such fees and the party receiving such fees or
                expenses.

            	
              4.02
                statement

            
	
              (ii)
                Payments accrued or paid with respect to enhancement or other support
                identified in Item 1114 of Regulation AB (such as insurance premiums
                or
                other enhancement maintenance fees), with an identification of the
                general
                purpose of such payments and the party receiving such
                payments.

            	
              4.02
                statement

            
	
              (iii)
                Principal, interest and other distributions accrued and paid on the
                asset-backed securities by type and by class or series and any principal
                or interest shortfalls or carryovers.

            	
              4.02
                statement

            
	
              (iv)
                The amount of excess cash flow or excess spread and the disposition
                of
                excess cash flow.

            	
              4.02
                statement

            
	
              (4)
                Beginning and ending principal balances of the asset-backed
                securities.

            	
              4.02
                statement

            
	
              (5)
                Interest rates applicable to the pool assets and the asset-backed
                securities, as applicable. Consider providing interest rate information
                for pool assets in appropriate distributional groups or incremental
                ranges.

            	
              4.02
                statement

            
	
              (6)
                Beginning and ending balances of transaction accounts, such as reserve
                accounts, and material account activity during the period.

            	
              4.02
                statement

            
	
              (7)
                Any amounts drawn on any credit enhancement or other support identified
                in
                Item 1114 of Regulation AB, as applicable, and the amount of coverage
                remaining under any such enhancement, if known and
                applicable.

            	
              4.02
                statement

            
	
              (8)
                Number and amount of pool assets at the beginning and ending of each
                period, and updated pool composition information, such as weighted
                average
                coupon, weighted average remaining term, pool factors and prepayment
                amounts.

            	
              4.02
                statement

               

              Updated
                pool composition information fields to be as specified by Depositor
                from
                time to time

            
	
              (9)
                Delinquency and loss information for the period. 

               

              In
                addition, describe any material changes to the information specified
                in
                Item 1100(b)(5) of Regulation AB regarding the pool
                assets.

            	
              4.02
                statement: Servicer

               

              Form
                10-D report: Depositor

            
	
              (10)
                Information on the amount, terms and general purpose of any advances
                made
                or reimbursed during the period, including the general use of funds
                advanced and the general source of funds for
                reimbursements.

            	
              4.02
                statement: Servicer

            
	
              (11)
                Any material modifications, extensions or waivers to pool asset terms,
                fees, penalties or payments during the distribution period or that
                have
                cumulatively become material over time.

            	
              Form
                10-D report; Servicer

            
	
              (12)
                Material breaches of pool asset representations or warranties or
                transaction covenants.

            	
              Form
                10-D report: Servicer

            
	
              (13)
                Information on ratio, coverage or other tests used for determining
                any
                early amortization, liquidation or other performance trigger and
                whether
                the trigger was met.

            	
              4.02
                statement

            
	
              (14)
                Information regarding any new issuance of asset-backed securities
                backed
                by the same asset pool, 

              [information
                regarding] any pool asset changes (other than in connection with
                a pool
                asset converting into cash in accordance with its terms), such as
                additions or removals in connection with a prefunding or revolving
                period
                and pool asset substitutions and repurchases (and purchase rates,
                if
                applicable), and cash flows available for future purchases, such
                as the
                balances of any prefunding or revolving accounts, if
                applicable.

              Disclose
                any material changes in the solicitation, credit-granting, underwriting,
                origination, acquisition or pool selection criteria or procedures,
                as
                applicable, used to originate, acquire or select the new pool
                assets.

            	
              Form
                10-D report: Depositor

               

              Form
                10-D report: Depositor and Servicer

               

               

               

               

               

               

               

               

               

               

               

              Form
                10-D report: Depositor, and Servicer

            
	
              Item
                1121(b) - Pre-Funding or Revolving Period Information

              Updated
                pool information as required under Item 1121(b).

            	
              Depositor

            
	
              2

            	
              Legal
                Proceedings

            	 
	
              Item
                1117 - Legal proceedings pending against the following entities,
                or their
                respective property, that is material to Certificateholders, including
                proceedings known to be contemplated by governmental
                authorities:

              Seller

              Depositor

              Trustee

              Issuing
                entity

              Servicer

              Originator
                

              Custodian

            	
               

               

               

               

               

               

              Seller

              Depositor

              Trustee

              Depositor

              Servicer

              Depositor

              Custodian

            
	
              3

            	
              Sales
                of Securities and Use of Proceeds

            	 
	
              Information
                from Item 2(a) of Part II of Form 10-Q:

               

              With
                respect to any sale of securities by the sponsor, depositor or issuing
                entity, that are backed by the same asset pool or are otherwise issued
                by
                the issuing entity, whether or not registered, provide the sales
                and use
                of proceeds information in Item 701 of Regulation S-K. Pricing information
                can be omitted if securities were not registered.

            	
               

               

               

              Depositor

            
	
              4

            	
              Defaults
                Upon Senior Securities

            	 
	
              Information
                from Item 3 of Part II of Form 10-Q:

               

              Report
                the occurrence of any Event of Default (after expiration of any grace
                period and provision of any required notice)

            	
               

               

               

              Trustee

            
	
              5

            	
              Submission
                of Matters to a Vote of Security Holders

            	 
	
              Information
                from Item 4 of Part II of Form 10-Q

            	
              Trustee

            
	
              6

            	
              Significant
                Obligors of Pool Assets

            	 
	
              Item
                1112(b) - Significant
                Obligor Financial Information*

            	
              N/A

            
	
              *This
                information need only be reported on the Form 10-D for the distribution
                period in which updated information is required pursuant to the
                Item.

            	 
	
              7

            	
              Significant
                Enhancement Provider Information

            	 
	
              Item
                1114(b)(2) - Credit Enhancement Provider Financial
                Information*

              Determining
                applicable disclosure threshold

              Obtaining
                required financial information or effecting incorporation by
                reference

            	
               

              N/A

              N/A

            
	
              Item
                1115(b) - Derivative Counterparty Financial Information*

              Determining
                current maximum probable exposure

              Determining
                current significance percentage

              Obtaining
                required financial information or effecting incorporation by
                reference

            	
               

              Depositor

              Depositor

               

              Depositor

            
	
              *This
                information need only be reported on the Form 10-D for the distribution
                period in which updated information is required pursuant to the
                Items.

            	 
	
              8

            	
              Other
                Information

            	 
	
              Disclose
                any information required to be reported on Form 8-K during the period
                covered by the Form 10-D but not reported

            	
              The
                Responsible Party for the applicable Form 8-K item as indicated
                below

            
	
              9

            	
              Exhibits

            	 
	
              Distribution
                report

            	
              Trustee

            
	
              Exhibits
                required by Item 601 of Regulation S-K, such as material
                agreements

            	
              Depositor

            
	
              8-K

            	
              Must
                be filed within four business days of an event reportable on Form
                8-K.

            
	
              1.01

            	
              Entry
                into a Material Definitive Agreement

            	 
	
              Disclosure
                is required regarding entry into or amendment of any definitive agreement
                that is material to the securitization, even if depositor is not
                a party.
                

              Examples:
                servicing agreement, custodial agreement.

              Note:
                disclosure not required as to definitive agreements that are fully
                disclosed in the prospectus

            	
              All
                parties to this Agreement

            
	
              1.02

            	
              Termination
                of a Material Definitive Agreement

            	 
	
              Disclosure
                is required regarding termination of any definitive agreement that
                is
                material to the securitization (other than expiration in accordance
                with
                its terms), even if depositor is not a party. 

              Examples:
                servicing agreement, custodial agreement.

            	
              All
                parties to this Agreement

            
	
              1.03

            	
              Bankruptcy
                or Receivership

            	 
	
              Disclosure
                is required regarding the bankruptcy or receivership, if known to
                the
                Depositor, Servicer or Trustee, with respect to any of the following:
                

              Sponsor
                (Seller), Depositor, Servicer, Trustee, Swap Provider, Cap Provicer,
                Custodian

            	
              Depositor/Servicer/Trustee

            
	
              2.04

            	
              Triggering
                Events that Accelerate or Increase a Direct Financial Obligation
                or an
                Obligation under an Off-Balance Sheet Arrangement

            	 
	
              Includes
                an early amortization, performance trigger or other event, including
                event
                of default, that would materially alter the payment priority/distribution
                of cash flows/amortization schedule.

              Disclosure
                will be made of events other than waterfall triggers which are disclosed
                in the 4.02 statement

            	
              N/A

            
	
              3.03

            	
              Material
                Modification to Rights of Security Holders

            	 
	
              Disclosure
                is required of any material modification to documents defining the
                rights
                of Certificateholders, including the Pooling and Servicing
                Agreement

            	
              Party
                requesting material modification

            
	
              5.03

            	
              Amendments
                to Articles of Incorporation or Bylaws; Change in Fiscal
                Year

            	 
	
              Disclosure
                is required of any amendment “to the governing documents of the issuing
                entity”

            	
              Depositor

            
	
              5.06

            	
              Change
                in Shell Company Status

            	 
	
              [Not
                applicable to ABS issuers]

            	
              Depositor

            
	
              6.01

            	
              ABS
                Informational and Computational Material

            	 
	
              [Not
                included in reports to be filed under Section 4.07]

            	
              Depositor

            
	
              6.02

            	
              Change
                of Master Servicer or Trustee

            	 
	
              Requires
                disclosure of any removal, replacement, substitution or addition
                of any
                master servicer, affiliated servicer, other servicer servicing 10%
                or more
                of pool assets at time of report, other material servicers, certificate
                administrator or trustee. Reg AB disclosure about any new servicer
                or
                trustee is also required.

            	
              Trustee
                or Servicer 

               

               

               

               

              Depositor

            
	
              6.03

            	
              Change
                in Credit Enhancement or Other External Support

            	 
	
              Covers
                termination of any enhancement in manner other than by its terms,
                the
                addition of an enhancement, or a material change in the enhancement
                provided. Applies to external credit enhancements as well as derivatives.
                Reg AB disclosure about any new enhancement provider is also
                required.

            	
              Depositor

            
	
              6.04

            	
              Failure
                to Make a Required Distribution

            	
              Trustee

            
	
              6.05

            	
              Securities
                Act Updating Disclosure

            	 
	
              If
                any material pool characteristic differs by 5% or more at the time
                of
                issuance of the securities from the description in the final prospectus,
                provide updated Reg AB disclosure about the actual asset
                pool.

            	
              Depositor

            
	
              If
                there are any new servicers or originators required to be disclosed
                under
                Regulation AB as a result of the foregoing, provide the information
                called
                for in Items 1108 and 1110 respectively.

            	
              Depositor

            
	
              7.01

            	
              Regulation
                FD Disclosure

            	
              All
                parties to this Agreement

            
	
              8.01

            	
              Other
                Events

            	 
	
              Any
                event, with respect to which information is not otherwise called
                for in
                Form 8-K, that the registrant deems of importance to security
                holders.

            	
              Depositor

            
	
              9.01

            	
              Financial
                Statements and Exhibits

            	
              The
                Responsible Party applicable to reportable event

            
	
              10-K

            	
              Must
                be filed within 90 days of the fiscal year end for the
                registrant.

            
	
              9B

            	
              Other
                Information

            	 
	
              Disclose
                any information required to be reported on Form 8-K during the fourth
                quarter covered by the Form 10-K but not reported

            	
              The
                Responsible Party for the applicable Form 8-K item as indicated
                above

            
	
              15

            	
              Exhibits
                and Financial Statement Schedules

            	 
	
              Item
                1112(b) - Significant
                Obligor Financial Information

            	
              N/A

            
	
              Item
                1114(b)(2) - Credit Enhancement Provider Financial
                Information

              Determining
                applicable disclosure threshold

              Obtaining
                required financial information or effecting incorporation by
                reference

            	
               

              N/A

               

              N/A

            
	
              Item
                1115(b) - Derivative Counterparty Financial Information

              Determining
                current maximum probable exposure

              Determining
                current significance percentage

              Obtaining
                required financial information or effecting incorporation by
                reference

            	
               

              Depositor

              Depositor

              Depositor

            
	
              Item
                1117 - 

              Seller

              Depositor

              Trustee

              Issuing
                entity

              Servicer

              Originator
                

              Custodian

            	
               

              Seller

              Depositor

              Trustee

              Issuing
                entity

              Servicer

              Depositor
                

              Custodian

            
	
              Item
                1119 - Affiliations and relationships between the following entities,
                or
                their respective affiliates, that are material to
                Certificateholders:

              Seller

              Depositor

              Trustee

              Issuing
                entity

              Servicer

              Originator
                

              Custodian
                

              Credit
                Enhancer/Support Provider, if any

              Significant
                Obligor, if any

            	
               

               

              Seller

              Depositor

              Trustee

              Issuing
                entity

              Servicer

              Depositor
                

              Custodian
                

              Depositor

              Depositor

            
	
              Item
                1122 - Assessment of Compliance with Servicing
                Criteria

            	
              Each
                Party participating in the servicing function

            
	
              Item
                1123 -Servicer Compliance Statement

            	
              Servicer

            

    

    

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

     

    EXHIBIT
      U

     

    FORM
      OF
      CERTIFICATION TO BE PROVIDED BY THE CREDIT RISK MANAGER

     

    FORM
      OF
      CERTIFICATION

    

    Re:
      First Franklin Mortgage Loan Trust Asset-Backed Certificates, Series 2006-FF16,
      issued pursuant to the Pooling and Servicing Agreement dated as of November
      1,
      2006, among Financial Asset Securities Corporation, as Depositor, National
      City
      Home Loan Services, Inc., as Servicer, and Deutsche Bank National Trust Company,
      as Trustee 

     

     

    CLAYTON
      FIXED INCOME SERVICES INC. (the “Credit Risk Manager”) certifies to the
      Depositor, Financial Assets Securities Corp., Inc. (the “Sponsor”), the Trustee,
      and [10-K Signatory Entity] its officers, directors and affiliates, and with
      the
      knowledge and intent that they will rely upon this certification,
      that:

     

    
      	 	
              1.

            	
              Based
                on the knowledge of the Credit Risk Manager, taken as a whole, the
                information in the reports provided during the calendar year immediately
                preceding the date of this certificate (the “Relevant Year”) by the Credit
                Risk Manager pursuant to the Master Consulting
                Agreement dated as of April
                18, 2005 (the
                “Master Consulting Agreement”), by and between the Credit Risk Manager and
                Greenwich Capital Markets, Inc. and pursuant to Transaction Addendum
                FFMLT
                2006-FF16 (the “Transaction Addendum FFMLT
                2006-FF16”),
                does not contain any untrue statement of a material fact or omit
                to state
                a material fact necessary to make the statements made, in light of
                the
                circumstances under which such statements were made, not misleading
                as of
                the date that each of such reports was provided;
                and

            

    

     

    
      	 	
              2.

            	
              The
                Credit Risk Manager has fulfilled its obligations under the Master
                Consulting Agreement and Transaction Addendum FFMLT 2006-FF16 throughout
                the Relevant Year.

            

    

     

    

     

    
      	
              CLAYTON
                FIXED INCOME SERVICES INC.

            
	 	 
	
              By:

            	 
	
              Name:

            	 
	
              Title:

            	 

    

    

     

    

     

    

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

     

    SCHEDULE
      I

     

    PREPAYMENT
      CHARGE SCHEDULE

     

    Available
      Upon RequestUnassociated Document

     

    

      BEAR
        STEARNS ASSET BACKED SECURITIES I LLC

      Depositor,

       

       

      EMC
        MORTGAGE CORPORATION

      Seller
        and Master Servicer

       

       

      and

       

       

      LASALLE
        BANK NATIONAL ASSOCIATION

      Trustee

       

      ____________________

       

      POOLING
        AND SERVICING AGREEMENT

       

      Dated
        as
        of November 1, 2006

       

      ________________________________________

       

      BEAR
        STEARNS ASSET BACKED SECURITIES I TRUST 2006-AQ1

       

      ASSET-BACKED
        CERTIFICATES, SERIES 2006-AQ1

       

       

      
        
          
          

        

        
          
          

          
            

          

        

        
          
          

        

      

       

      TABLE
        OF
        CONTENTS

      

       

      
        	
                ARTICLE
                  I 

                DEFINITIONS

                 

              
	
                Section
                  1.01

              	
                Defined
                  Terms.

              
	
                Section
                  1.02

              	
                Allocation
                  of Certain Interest Shortfalls.

                 

              
	
                ARTICLE
                  II 

                CONVEYANCE
                  OF TRUST FUND

                 

              
	
                Section
                  2.01

              	
                Conveyance
                  of Trust Fund.

              
	
                Section
                  2.02

              	
                Acceptance
                  of the Mortgage Loans.

              
	
                Section
                  2.03

              	
                Representations,
                  Warranties and Covenants of the Master Servicer and the
                  Seller.

              
	
                Section
                  2.04

              	
                Representations
                  and Warranties of the Depositor.

              
	
                Section
                  2.05

              	
                Delivery
                  of Opinion of Counsel in Connection with Substitutions and
                  Repurchases.

              
	
                Section
                  2.06

              	
                Countersignature
                  and Delivery of Certificates.

              
	
                Section
                  2.07

              	
                Purposes
                  and Powers of the Trust.

                 

              
	
                ARTICLE
                  III 

                ADMINISTRATION
                  AND SERVICING OF THE MORTGAGE LOANS

                 

              
	
                Section
                  3.01

              	
                The
                  Master Servicer to act as Master Servicer.

              
	
                Section
                  3.02

              	
                Due-on-Sale
                  Clauses; Assumption Agreements.

              
	
                Section
                  3.03

              	
                Subservicers.

              
	
                Section
                  3.04

              	
                Documents,
                  Records and Funds in Possession of the Master Servicer To Be Held
                  for
                  Trustee.

              
	
                Section
                  3.05

              	
                Maintenance
                  of Hazard Insurance.

              
	
                Section
                  3.06

              	
                Presentment
                  of Claims and Collection of Proceeds.

              
	
                Section
                  3.07

              	
                Maintenance
                  of the Primary Mortgage Insurance Policies.

              
	
                Section
                  3.08

              	
                Fidelity
                  Bond, Errors and Omissions Insurance.

              
	
                Section
                  3.09

              	
                Realization
                  Upon Defaulted Mortgage Loans; Determination of Excess Liquidation
                  Proceeds and Realized Losses; Repurchases of Certain Mortgage
                  Loans.

              
	
                Section
                  3.10

              	
                Servicing
                  Compensation.

              
	
                Section
                  3.11

              	
                REO
                  Property.

              
	
                Section
                  3.12

              	
                Liquidation
                  Reports.

              
	
                Section
                  3.13

              	
                Annual
                  Statement as to Compliance.

              
	
                Section
                  3.14

              	
                Assessments
                  of Compliance and Attestation Reports.

              
	
                Section
                  3.15

              	
                Books
                  and Records.

              
	
                Section
                  3.16

              	
                Reports
                  Filed with Securities and Exchange Commission.

              
	
                Section
                  3.17

              	
                Intention
                  of the Parties and Interpretation.

              
	
                Section
                  3.18

              	
                UCC.

              
	
                Section
                  3.19

              	
                Optional
                  Purchase of Certain Mortgage Loans.

              
	
                Section
                  3.20

              	
                Obligations
                  of the Master Servicer in Respect of Mortgage Rates and Scheduled
                  Payments.

              
	
                Section
                  3.21

              	
                Group
                  I Reserve Fund; Payments to and from Swap Administrator; Group
                  I
                  Supplemental Interest Trust.

              
	
                Section
                  3.22

              	
                Group
                  I Swap Collateral Account.

              
	
                Section
                  3.23

              	
                Group
                  II Swap Collateral Account.

              
	
                Section
                  3.24

              	
                Group
                  II Reserve Fund; Payments to and from Swap Administrator; Group
                  II
                  Supplemental Interest Trust.

              
	
                Section
                  3.25

              	
                Tax
                  Treatment of Class IO Distribution Amounts in the Event of
                  Resecuritization of Class A Certificates or Class M
                  Certificates.

              
	
                Section
                  3.26

              	
                Advancing
                  Facility.

                 

              
	
                ARTICLE
                  IV 

                ACCOUNTS

                 

              
	
                Section
                  4.01

              	
                Collection
                  of Mortgage Loan Payments; Protected Account.

              
	
                Section
                  4.02

              	
                Permitted
                  Withdrawals From the Protected Account.

              
	
                Section
                  4.03

              	
                Collection
                  of Taxes; Assessments and Similar Items; Escrow
                  Accounts.

              
	
                Section
                  4.04

              	
                Distribution
                  Account.

              
	
                Section
                  4.05

              	
                Permitted
                  Withdrawals and Transfers from the Distribution
                  Account.

              
	
                Section
                  4.06

              	
                Class
                  I-P Certificate Account.

              
	
                Section
                  4.07

              	
                Class
                  II-P Certificate Account.

                 

              
	
                ARTICLE
                  V 

                DISTRIBUTIONS
                  AND ADVANCES

                 

              
	
                Section
                  5.01

              	
                Advances.

              
	
                Section
                  5.02

              	
                Compensating
                  Interest Payments.

              
	
                Section
                  5.03

              	
                REMIC
                  Distributions.

              
	
                Section
                  5.04

              	
                Distributions.

              
	
                Section
                  5.05

              	
                Allocation
                  of Realized Losses.

              
	
                Section
                  5.06

              	
                Monthly
                  Statements to Certificateholders.

              
	
                Section
                  5.07

              	
                REMIC
                  Designations and REMIC Distributions.

                 

              
	
                ARTICLE
                  VI 

                THE
                  CERTIFICATES

                 

              
	
                Section
                  6.01

              	
                The
                  Certificates.

              
	
                Section
                  6.02

              	
                Certificate
                  Register; Registration of Transfer and Exchange of
                  Certificates.

              
	
                Section
                  6.03

              	
                Mutilated,
                  Destroyed, Lost or Stolen Certificates.

              
	
                Section
                  6.04

              	
                Persons
                  Deemed Owners.

              
	
                Section
                  6.05

              	
                Access
                  to List of Certificateholders’ Names and Addresses.

              
	
                Section
                  6.06

              	
                Book-Entry
                  Certificates.

              
	
                Section
                  6.07

              	
                Notices
                  to Depository.

              
	
                Section
                  6.08

              	
                Definitive
                  Certificates.

              
	
                Section
                  6.09

              	
                Maintenance
                  of Office or Agency.

                 

              
	
                ARTICLE
                  VII 

                THE
                  DEPOSITOR AND THE MASTER SERVICER

                 

              
	
                Section
                  7.01

              	
                Liabilities
                  of the Depositor and the Master Servicer.

              
	
                Section
                  7.02

              	
                Merger
                  or Consolidation of the Depositor or the Master
                  Servicer.

              
	
                Section
                  7.03

              	
                Indemnification
                  of the Trustee and the Master Servicer.

              
	
                Section
                  7.04

              	
                Limitations
                  on Liability of the Depositor, the Master Servicer and
                  Others.

              
	
                Section
                  7.05

              	
                Master
                  Servicer Not to Resign.

              
	
                Section
                  7.06

              	
                Successor
                  Master Servicer.

              
	
                Section
                  7.07

              	
                Sale
                  and Assignment of Master Servicing.

                 

              
	
                ARTICLE
                  VIII 

                DEFAULT;
                  TERMINATION OF MASTER SERVICER

                 

              
	
                Section
                  8.01

              	
                Events
                  of Default.

              
	
                Section
                  8.02

              	
                Trustee
                  to Act; Appointment of Successor.

              
	
                Section
                  8.03

              	
                Notification
                  to Certificateholders.

              
	
                Section
                  8.04

              	
                Waiver
                  of Defaults.

                 

              
	
                ARTICLE
                  IX 

                CONCERNING
                  THE TRUSTEE

                 

              
	
                Section
                  9.01

              	
                Duties
                  of Trustee.

              
	
                Section
                  9.02

              	
                Certain
                  Matters Affecting the Trustee.

              
	
                Section
                  9.03

              	
                Trustee
                  Not Liable for Certificates or Mortgage Loans.

              
	
                Section
                  9.04

              	
                Trustee
                  May Own Certificates.

              
	
                Section
                  9.05

              	
                Trustee’s
                  Fees and Expenses.

              
	
                Section
                  9.06

              	
                Eligibility
                  Requirements for Trustee.

              
	
                Section
                  9.07

              	
                Insurance.

              
	
                Section
                  9.08

              	
                Resignation
                  and Removal of Trustee.

              
	
                Section
                  9.09

              	
                Successor
                  Trustee.

              
	
                Section
                  9.10

              	
                Merger
                  or Consolidation of Trustee.

              
	
                Section
                  9.11

              	
                Appointment
                  of Co-Trustee or Separate Trustee.

              
	
                Section
                  9.12

              	
                Tax
                  Matters.

                 

              
	
                ARTICLE
                  X 

                TERMINATION

                 

              
	
                Section
                  10.01

              	
                Termination
                  upon Liquidation or Repurchase of all Mortgage Loans.

              
	
                Section
                  10.02

              	
                Final
                  Distribution on the Certificates.

              
	
                Section
                  10.03

              	
                Additional
                  Termination Requirements.

                 

              
	
                ARTICLE
                  XI 

                MISCELLANEOUS
                  PROVISIONS

                 

              
	
                Section
                  11.01

              	
                Amendment.

              
	
                Section
                  11.02

              	
                Recordation
                  of Agreement; Counterparts.

              
	
                Section
                  11.03

              	
                Governing
                  Law.

              
	
                Section
                  11.04

              	
                Intention
                  of Parties.

              
	
                Section
                  11.05

              	
                Notices.

              
	
                Section
                  11.06

              	
                Severability
                  of Provisions.

              
	
                Section
                  11.07

              	
                Assignment.

              
	
                Section
                  11.08

              	
                Limitation
                  on Rights of Certificateholders.

              
	
                Section
                  11.09

              	
                Inspection
                  and Audit Rights.

              
	
                Section
                  11.10

              	
                Certificates
                  Nonassessable and Fully Paid.

              
	
                Section
                  11.11

              	
                Third
                  Party Rights.

                 

              
	
                Exhibits

                 

              	 
	
                Exhibit
                  A-1

              	
                Form
                  of Class A Certificates

              
	
                Exhibit
                  A-2

              	
                Form
                  of Class M Certificates

              
	
                Exhibit
                  A-3

              	
                Form
                  of Class P Certificates

              
	
                Exhibit
                  A-4

              	
                Form
                  of Class CE Certificates

              
	
                Exhibit
                  A-5

              	
                Form
                  of Class R Certificates

              
	
                Exhibit
                  B

              	
                Mortgage
                  Loan Schedule

              
	
                Exhibit
                  C

              	
                Form
                  of Transfer Affidavit

              
	
                Exhibit
                  D

              	
                Form
                  of Transferor Certificate

              
	
                Exhibit
                  E

              	
                Form
                  of Investment Letter (Non-Rule 144A)

              
	
                Exhibit
                  F

              	
                Form
                  of Rule 144A and Related Matters Certificate

              
	
                Exhibit
                  G

              	
                Form
                  of Request for Release

              
	
                Exhibit
                  H

              	
                DTC
                  Letter of Representations

              
	
                Exhibit
                  I

              	
                Schedule
                  of Mortgage Loans with Lost Notes

              
	
                Exhibit
                  J

              	
                Form
                  of Custodial Agreement

              
	
                Exhibit
                  K

              	
                Form
                  of Back-Up Certification

              
	
                Exhibit
                  L

              	
                Form
                  of Mortgage Loan Purchase Agreement

              
	
                Exhibit
                  M

              	
                Group
                  I Swap Agreement

              
	
                Exhibit
                  N

              	
                Group
                  II Swap Agreement

              
	
                Exhibit
                  O

              	
                [Reserved]

              
	
                Exhibit
                  P 

              	
                Servicing
                  Criteria to Be Addressed in Assessment of Compliance

              
	
                Exhibit
                  Q

              	
                Form
                  10-D, Form 8-K and Form 10-K Reporting Responsibility

              
	
                Exhibit
                  R

              	
                Additional
                  Disclosure Notification

              

      

      

      

       

      
        
          
          

        

        
          
          

          
            

          

        

        
          
          

        

      

      

       

      POOLING
        AND SERVICING AGREEMENT, dated as of November 1, 2006, among BEAR STEARNS
        ASSET
        BACKED SECURITIES I LLC, a Delaware limited liability company, as depositor
        (the
“Depositor”), EMC MORTGAGE CORPORATION, a Delaware corporation, as seller (in
        such capacity, the “Seller”) and as master servicer (in such capacity, the
“Master Servicer”), and LASALLE BANK NATIONAL ASSOCIATION, a national banking
        association, as trustee (the “Trustee”).

       

      PRELIMINARY
        STATEMENT

       

      REMIC
        I

       

      The
        Depositor is the owner of the Trust Fund that is hereby conveyed to the Trustee
        in return for the Certificates.

       

      As
        provided herein, the Trustee will elect to treat the segregated pool of assets
        consisting of the Group I Mortgage Loans and certain other related assets
        subject to this Agreement (other than the Group I Reserve Fund, any related
        Prepayment Charge Waiver Amounts and, for the avoidance of doubt, the Group
        I
        Supplemental Interest Trust, the Group I Swap Agreement, the Group I Swap
        Account, the Group I Swap Collateral Account and any rights or obligations
        in
        respect of the Swap Administration Agreement) as a REMIC (as defined herein)
        for
        federal income tax purposes, and such segregated pool of assets will be
        designated as “REMIC I”. The Class I-R-1 Certificates will be the sole class of
        Residual Interests (as defined herein) in REMIC I for purposes of the REMIC
        Provisions (as defined herein). The following table irrevocably sets forth
        the
        designation, the Uncertificated REMIC I Pass-Through Rate, the initial
        Uncertificated Principal Balance and, for purposes of satisfying Treasury
        Regulation Section 1.860G-1(a)(4)(iii), the “latest possible maturity date” for
        each of the REMIC I Regular Interests (as defined herein). None of the REMIC
        I
        Regular Interests will be certificated.

       

      
        	
                Designation

              	
                Uncertificated
                  REMIC I 

                Pass-Through
                  Rate

              	
                Initial
                  Uncertificated Principal Balance

              	
                Latest
                  Possible Maturity Date (1)

              
	
                I-1-A

              	
                Variable(2)

              	
                $
                  1,159,570.74 

              	 	
                October
                  25, 2036

              
	
                I-1-B

              	
                Variable(2)

              	
                $
                  1,159,570.74 

              	 	
                October
                  25, 2036

              
	
                I-2-A

              	
                Variable(2)

              	
                $
                  1,424,602.85 

              	 	
                October
                  25, 2036

              
	
                I-2-B

              	
                Variable(2)

              	
                $
                  1,424,602.85 

              	 	
                October
                  25, 2036

              
	
                I-3-A

              	
                Variable(2)

              	
                $
                  1,687,357.32 

              	 	
                October
                  25, 2036

              
	
                I-3-B

              	
                Variable(2)

              	
                $
                  1,687,357.32 

              	 	
                October
                  25, 2036

              
	
                I-4-A

              	
                Variable(2)

              	
                $
                  1,945,529.57 

              	 	
                October
                  25, 2036

              
	
                I-4-B

              	
                Variable(2)

              	
                $
                  1,945,529.57 

              	 	
                October
                  25, 2036

              
	
                I-5-A

              	
                Variable(2)

              	
                $
                  2,196,742.93 

              	 	
                October
                  25, 2036

              
	
                I-5-B

              	
                Variable(2)

              	
                $
                  2,196,742.93 

              	 	
                October
                  25, 2036

              
	
                I-6-A

              	
                Variable(2)

              	
                $
                  2,438,576.52 

              	 	
                October
                  25, 2036

              
	
                I-6-B

              	
                Variable(2)

              	
                $
                  2,438,576.52 

              	 	
                October
                  25, 2036

              
	
                I-7-A

              	
                Variable(2)

              	
                $
                  2,668,596.36 

              	 	
                October
                  25, 2036

              
	
                I-7-B

              	
                Variable(2)

              	
                $
                  2,668,596.36 

              	 	
                October
                  25, 2036

              
	
                I-8-A

              	
                Variable(2)

              	
                $
                  2,884,318.98 

              	 	
                October
                  25, 2036

              
	
                I-8-B

              	
                Variable(2)

              	
                $
                  2,884,318.98 

              	 	
                October
                  25, 2036

              
	
                I-9-A

              	
                Variable(2)

              	
                $
                  3,081,471.58 

              	 	
                October
                  25, 2036

              
	
                I-9-B

              	
                Variable(2)

              	
                $
                  3,081,471.58 

              	 	
                October
                  25, 2036

              
	
                I-10-A

              	
                Variable(2)

              	
                $
                  3,020,419.38 

              	 	
                October
                  25, 2036

              
	
                I-10-B

              	
                Variable(2)

              	
                $
                  3,020,419.38 

              	 	
                October
                  25, 2036

              
	
                I-11-A

              	
                Variable(2)

              	
                $
                  2,887,071.70 

              	 	
                October
                  25, 2036

              
	
                I-11-B

              	
                Variable(2)

              	
                $
                  2,887,071.70 

              	 	
                October
                  25, 2036

              
	
                I-12-A

              	
                Variable(2)

              	
                $
                  2,759,720.11 

              	 	
                October
                  25, 2036

              
	
                I-12-B

              	
                Variable(2)

              	
                $
                  2,759,720.11 

              	 	
                October
                  25, 2036

              
	
                I-13-A

              	
                Variable(2)

              	
                $
                  2,638,091.35 

              	 	
                October
                  25, 2036

              
	
                I-13-B

              	
                Variable(2)

              	
                $
                  2,638,091.35 

              	 	
                October
                  25, 2036

              
	
                I-14-A

              	
                Variable(2)

              	
                $
                  2,521,924.72 

              	 	
                October
                  25, 2036

              
	
                I-14-B

              	
                Variable(2)

              	
                $
                  2,521,924.72 

              	 	
                October
                  25, 2036

              
	
                I-15-A

              	
                Variable(2)

              	
                $
                  2,410,971.52 

              	 	
                October
                  25, 2036

              
	
                I-15-B

              	
                Variable(2)

              	
                $
                  2,410,971.52 

              	 	
                October
                  25, 2036

              
	
                I-16-A

              	
                Variable(2)

              	
                $
                  2,304,994.48 

              	 	
                October
                  25, 2036

              
	
                I-16-B

              	
                Variable(2)

              	
                $
                  2,304,994.48 

              	 	
                October
                  25, 2036

              
	
                I-17-A

              	
                Variable(2)

              	
                $
                  2,203,767.23 

              	 	
                October
                  25, 2036

              
	
                I-17-B

              	
                Variable(2)

              	
                $
                  2,203,767.23 

              	 	
                October
                  25, 2036

              
	
                I-18-A

              	
                Variable(2)

              	
                $
                  2,107,073.81 

              	 	
                October
                  25, 2036

              
	
                I-18-B

              	
                Variable(2)

              	
                $
                  2,107,073.81 

              	 	
                October
                  25, 2036

              
	
                I-19-A

              	
                Variable(2)

              	
                $
                  2,014,708.17 

              	 	
                October
                  25, 2036

              
	
                I-19-B

              	
                Variable(2)

              	
                $
                  2,014,708.17 

              	 	
                October
                  25, 2036

              
	
                I-20-A

              	
                Variable(2)

              	
                $
                  1,926,473.74 

              	 	
                October
                  25, 2036

              
	
                I-20-B

              	
                Variable(2)

              	
                $
                  1,926,473.74 

              	 	
                October
                  25, 2036

              
	
                I-21-A

              	
                Variable(2)

              	
                $
                  1,842,182.95 

              	 	
                October
                  25, 2036

              
	
                I-21-B

              	
                Variable(2)

              	
                $
                  1,842,182.95 

              	 	
                October
                  25, 2036

              
	
                I-22-A

              	
                Variable(2)

              	
                $
                  1,759,617.09 

              	 	
                October
                  25, 2036

              
	
                I-22-B

              	
                Variable(2)

              	
                $
                  1,759,617.09 

              	 	
                October
                  25, 2036

              
	
                I-23-A

              	
                Variable(2)

              	
                $
                  1,682,063.92 

              	 	
                October
                  25, 2036

              
	
                I-23-B

              	
                Variable(2)

              	
                $
                  1,682,063.92 

              	 	
                October
                  25, 2036

              
	
                I-24-A

              	
                Variable(2)

              	
                $
                  1,608,805.89 

              	 	
                October
                  25, 2036

              
	
                I-24-B

              	
                Variable(2)

              	
                $
                  1,608,805.89 

              	 	
                October
                  25, 2036

              
	
                I-25-A

              	
                Variable(2)

              	
                $
                  1,538,807.01 

              	 	
                October
                  25, 2036

              
	
                I-25-B

              	
                Variable(2)

              	
                $
                  1,538,807.01 

              	 	
                October
                  25, 2036

              
	
                I-26-A

              	
                Variable(2)

              	
                $
                  1,471,919.95 

              	 	
                October
                  25, 2036

              
	
                I-26-B

              	
                Variable(2)

              	
                $
                  1,471,919.95 

              	 	
                October
                  25, 2036

              
	
                I-27-A

              	
                Variable(2)

              	
                $
                  1,408,004.09 

              	 	
                October
                  25, 2036

              
	
                I-27-B

              	
                Variable(2)

              	
                $
                  1,408,004.09 

              	 	
                October
                  25, 2036

              
	
                I-28-A

              	
                Variable(2)

              	
                $
                  1,346,616.33 

              	 	
                October
                  25, 2036

              
	
                I-28-B

              	
                Variable(2)

              	
                $
                  1,346,616.33 

              	 	
                October
                  25, 2036

              
	
                I-29-A

              	
                Variable(2)

              	
                $
                  1,288,083.83 

              	 	
                October
                  25, 2036

              
	
                I-29-B

              	
                Variable(2)

              	
                $
                  1,288,083.83 

              	 	
                October
                  25, 2036

              
	
                I-30-A

              	
                Variable(2)

              	
                $
                  1,232,343.27 

              	 	
                October
                  25, 2036

              
	
                I-30-B

              	
                Variable(2)

              	
                $
                  1,232,343.27 

              	 	
                October
                  25, 2036

              
	
                I-31-A

              	
                Variable(2)

              	
                $
                  1,179,070.05 

              	 	
                October
                  25, 2036

              
	
                I-31-B

              	
                Variable(2)

              	
                $
                  1,179,070.05 

              	 	
                October
                  25, 2036

              
	
                I-32-A

              	
                Variable(2)

              	
                $
                  1,128,153.07 

              	 	
                October
                  25, 2036

              
	
                I-32-B

              	
                Variable(2)

              	
                $
                  1,128,153.07 

              	 	
                October
                  25, 2036

              
	
                I-33-A

              	
                Variable(2)

              	
                $
                  1,079,486.25 

              	 	
                October
                  25, 2036

              
	
                I-33-B

              	
                Variable(2)

              	
                $
                  1,079,486.25 

              	 	
                October
                  25, 2036

              
	
                I-34-A

              	
                Variable(2)

              	
                $
                  1,032,444.40 

              	 	
                October
                  25, 2036

              
	
                I-34-B

              	
                Variable(2)

              	
                $
                  1,032,444.40 

              	 	
                October
                  25, 2036

              
	
                I-35-A

              	
                Variable(2)

              	
                $
                  987,740.93 

              	 	
                October
                  25, 2036

              
	
                I-35-B

              	
                Variable(2)

              	
                $
                  987,740.93 

              	 	
                October
                  25, 2036

              
	
                I-36-A

              	
                Variable(2)

              	
                $
                  945,305.25 

              	 	
                October
                  25, 2036

              
	
                I-36-B

              	
                Variable(2)

              	
                $
                  945,305.25 

              	 	
                October
                  25, 2036

              
	
                I-37-A

              	
                Variable(2)

              	
                $
                  904,736.98 

              	 	
                October
                  25, 2036

              
	
                I-37-B

              	
                Variable(2)

              	
                $
                  904,736.98 

              	 	
                October
                  25, 2036

              
	
                I-38-A

              	
                Variable(2)

              	
                $
                  865,952.39 

              	 	
                October
                  25, 2036

              
	
                I-38-B

              	
                Variable(2)

              	
                $
                  865,952.39 

              	 	
                October
                  25, 2036

              
	
                I-39-A

              	
                Variable(2)

              	
                $
                  828,871.57 

              	 	
                October
                  25, 2036

              
	
                I-39-B

              	
                Variable(2)

              	
                $
                  828,871.57 

              	 	
                October
                  25, 2036

              
	
                I-40-A

              	
                Variable(2)

              	
                $
                  793,360.25 

              	 	
                October
                  25, 2036

              
	
                I-40-B

              	
                Variable(2)

              	
                $
                  793,360.25 

              	 	
                October
                  25, 2036

              
	
                I-41-A

              	
                Variable(2)

              	
                $
                  759,419.34 

              	 	
                October
                  25, 2036

              
	
                I-41-B

              	
                Variable(2)

              	
                $
                  759,419.34 

              	 	
                October
                  25, 2036

              
	
                I-42-A

              	
                Variable(2)

              	
                $
                  727,014.89 

              	 	
                October
                  25, 2036

              
	
                I-42-B

              	
                Variable(2)

              	
                $
                  727,014.89 

              	 	
                October
                  25, 2036

              
	
                I-43-A

              	
                Variable(2)

              	
                $
                  696,028.61 

              	 	
                October
                  25, 2036

              
	
                I-43-B

              	
                Variable(2)

              	
                $
                  696,028.61 

              	 	
                October
                  25, 2036

              
	
                I-44-A

              	
                Variable(2)

              	
                $
                  666,397.19 

              	 	
                October
                  25, 2036

              
	
                I-44-B

              	
                Variable(2)

              	
                $
                  666,397.19 

              	 	
                October
                  25, 2036

              
	
                I-45-A

              	
                Variable(2)

              	
                $
                  638,060.19 

              	 	
                October
                  25, 2036

              
	
                I-45-B

              	
                Variable(2)

              	
                $
                  638,060.19 

              	 	
                October
                  25, 2036

              
	
                I-46-A

              	
                Variable(2)

              	
                $
                  610,938.84 

              	 	
                October
                  25, 2036

              
	
                I-46-B

              	
                Variable(2)

              	
                $
                  610,938.84 

              	 	
                October
                  25, 2036

              
	
                I-47-A

              	
                Variable(2)

              	
                $
                  7,304,566.67 

              	 	
                October
                  25, 2036

              
	
                I-47-B

              	
                Variable(2)

              	
                $
                  7,304,566.67 

              	 	
                October
                  25, 2036

              
	
                I-48-A

              	
                Variable(2)

              	
                $
                  4,067,630.78 

              	 	
                October
                  25, 2036

              
	
                I-48-B

              	
                Variable(2)

              	
                $
                  4,067,630.78 

              	 	
                October
                  25, 2036

              
	
                I-49-A

              	
                Variable(2)

              	
                $
                  112,260.04 

              	 	
                October
                  25, 2036

              
	
                I-49-B

              	
                Variable(2)

              	
                $
                  112,260.04 

              	 	
                October
                  25, 2036

              
	
                I-50-A

              	
                Variable(2)

              	
                $
                  107,705.34 

              	 	
                October
                  25, 2036

              
	
                I-50-B

              	
                Variable(2)

              	
                $
                  107,705.34 

              	 	
                October
                  25, 2036

              
	
                I-51-A

              	
                Variable(2)

              	
                $
                  103,341.86 

              	 	
                October
                  25, 2036

              
	
                I-51-B

              	
                Variable(2)

              	
                $
                  103,341.86 

              	 	
                October
                  25, 2036

              
	
                I-52-A

              	
                Variable(2)

              	
                $
                  99,161.34 

              	 	
                October
                  25, 2036

              
	
                I-52-B

              	
                Variable(2)

              	
                $
                  99,161.34 

              	 	
                October
                  25, 2036

              
	
                I-53-A

              	
                Variable(2)

              	
                $
                  95,155.52 

              	 	
                October
                  25, 2036

              
	
                I-53-B

              	
                Variable(2)

              	
                $
                  95,155.52 

              	 	
                October
                  25, 2036

              
	
                I-54-A

              	
                Variable(2)

              	
                $
                  91,317.61 

              	 	
                October
                  25, 2036

              
	
                I-54-B

              	
                Variable(2)

              	
                $
                  91,317.61 

              	 	
                October
                  25, 2036

              
	
                I-55-A

              	
                Variable(2)

              	
                $
                  87,639.99 

              	 	
                October
                  25, 2036

              
	
                I-55-B

              	
                Variable(2)

              	
                $
                  87,639.99 

              	 	
                October
                  25, 2036

              
	
                I-56-A

              	
                Variable(2)

              	
                $
                  84,115.76 

              	 	
                October
                  25, 2036

              
	
                I-56-B

              	
                Variable(2)

              	
                $
                  84,115.76 

              	 	
                October
                  25, 2036

              
	
                I-57-A

              	
                Variable(2)

              	
                $
                  80,738.32 

              	 	
                October
                  25, 2036

              
	
                I-57-B

              	
                Variable(2)

              	
                $
                  80,738.32 

              	 	
                October
                  25, 2036

              
	
                I-58-A

              	
                Variable(2)

              	
                $
                  77,603.55 

              	 	
                October
                  25, 2036

              
	
                I-58-B

              	
                Variable(2)

              	
                $
                  77,603.55 

              	 	
                October
                  25, 2036

              
	
                I-59-A

              	
                Variable(2)

              	
                $
                  74,624.18 

              	 	
                October
                  25, 2036

              
	
                I-59-B

              	
                Variable(2)

              	
                $
                  74,624.18 

              	 	
                October
                  25, 2036

              
	
                I-60-A

              	
                Variable(2)

              	
                $
                  1,856,692.61 

              	 	
                October
                  25, 2036

              
	
                I-60-B

              	
                Variable(2)

              	
                $
                  1,856,692.61 

              	 	
                October
                  25, 2036

              
	
                II-1-A

              	
                Variable(2)

              	
                $
                  1,550,233.85 

              	 	
                October
                  25, 2036

              
	
                II-1-B

              	
                Variable(2)

              	
                $
                  1,550,233.85 

              	 	
                October
                  25, 2036

              
	
                II-2-A

              	
                Variable(2)

              	
                $
                  1,904,556.13 

              	 	
                October
                  25, 2036

              
	
                II-2-B

              	
                Variable(2)

              	
                $
                  1,904,556.13 

              	 	
                October
                  25, 2036

              
	
                II-3-A

              	
                Variable(2)

              	
                $
                  2,255,833.43 

              	 	
                October
                  25, 2036

              
	
                II-3-B

              	
                Variable(2)

              	
                $
                  2,255,833.43 

              	 	
                October
                  25, 2036

              
	
                II-4-A

              	
                Variable(2)

              	
                $
                  2,600,984.75 

              	 	
                October
                  25, 2036

              
	
                II-4-B

              	
                Variable(2)

              	
                $
                  2,600,984.75 

              	 	
                October
                  25, 2036

              
	
                II-5-A

              	
                Variable(2)

              	
                $
                  2,936,832.69 

              	 	
                October
                  25, 2036

              
	
                II-5-B

              	
                Variable(2)

              	
                $
                  2,936,832.69 

              	 	
                October
                  25, 2036

              
	
                II-6-A

              	
                Variable(2)

              	
                $
                  3,260,140.80 

              	 	
                October
                  25, 2036

              
	
                II-6-B

              	
                Variable(2)

              	
                $
                  3,260,140.80 

              	 	
                October
                  25, 2036

              
	
                II-7-A

              	
                Variable(2)

              	
                $
                  3,567,655.06 

              	 	
                October
                  25, 2036

              
	
                II-7-B

              	
                Variable(2)

              	
                $
                  3,567,655.06 

              	 	
                October
                  25, 2036

              
	
                II-8-A

              	
                Variable(2)

              	
                $
                  3,856,055.33 

              	 	
                October
                  25, 2036

              
	
                II-8-B

              	
                Variable(2)

              	
                $
                  3,856,055.33 

              	 	
                October
                  25, 2036

              
	
                II-9-A

              	
                Variable(2)

              	
                $
                  4,119,629.27 

              	 	
                October
                  25, 2036

              
	
                II-9-B

              	
                Variable(2)

              	
                $
                  4,119,629.27 

              	 	
                October
                  25, 2036

              
	
                II-10-A

              	
                Variable(2)

              	
                $
                  4,038,008.39 

              	 	
                October
                  25, 2036

              
	
                II-10-B

              	
                Variable(2)

              	
                $
                  4,038,008.39 

              	 	
                October
                  25, 2036

              
	
                II-11-A

              	
                Variable(2)

              	
                $
                  3,859,735.44 

              	 	
                October
                  25, 2036

              
	
                II-11-B

              	
                Variable(2)

              	
                $
                  3,859,735.44 

              	 	
                October
                  25, 2036

              
	
                II-12-A

              	
                Variable(2)

              	
                $
                  3,689,478.70 

              	 	
                October
                  25, 2036

              
	
                II-12-B

              	
                Variable(2)

              	
                $
                  3,689,478.70 

              	 	
                October
                  25, 2036

              
	
                II-13-A

              	
                Variable(2)

              	
                $
                  3,526,872.81 

              	 	
                October
                  25, 2036

              
	
                II-13-B

              	
                Variable(2)

              	
                $
                  3,526,872.81 

              	 	
                October
                  25, 2036

              
	
                II-14-A

              	
                Variable(2)

              	
                $
                  3,371,569.27 

              	 	
                October
                  25, 2036

              
	
                II-14-B

              	
                Variable(2)

              	
                $
                  3,371,569.27 

              	 	
                October
                  25, 2036

              
	
                II-15-A

              	
                Variable(2)

              	
                $
                  3,223,235.59 

              	 	
                October
                  25, 2036

              
	
                II-15-B

              	
                Variable(2)

              	
                $
                  3,223,235.59 

              	 	
                October
                  25, 2036

              
	
                II-16-A

              	
                Variable(2)

              	
                $
                  3,081,554.54 

              	 	
                October
                  25, 2036

              
	
                II-16-B

              	
                Variable(2)

              	
                $
                  3,081,554.54 

              	 	
                October
                  25, 2036

              
	
                II-17-A

              	
                Variable(2)

              	
                $
                  2,946,223.50 

              	 	
                October
                  25, 2036

              
	
                II-17-B

              	
                Variable(2)

              	
                $
                  2,946,223.50 

              	 	
                October
                  25, 2036

              
	
                II-18-A

              	
                Variable(2)

              	
                $
                  2,816,953.75 

              	 	
                October
                  25, 2036

              
	
                II-18-B

              	
                Variable(2)

              	
                $
                  2,816,953.75 

              	 	
                October
                  25, 2036

              
	
                II-19-A

              	
                Variable(2)

              	
                $
                  2,693,469.84 

              	 	
                October
                  25, 2036

              
	
                II-19-B

              	
                Variable(2)

              	
                $
                  2,693,469.84 

              	 	
                October
                  25, 2036

              
	
                II-20-A

              	
                Variable(2)

              	
                $
                  2,575,508.94 

              	 	
                October
                  25, 2036

              
	
                II-20-B

              	
                Variable(2)

              	
                $
                  2,575,508.94 

              	 	
                October
                  25, 2036

              
	
                II-21-A

              	
                Variable(2)

              	
                $
                  2,462,820.31 

              	 	
                October
                  25, 2036

              
	
                II-21-B

              	
                Variable(2)

              	
                $
                  2,462,820.31 

              	 	
                October
                  25, 2036

              
	
                II-22-A

              	
                Variable(2)

              	
                $
                  2,352,437.75 

              	 	
                October
                  25, 2036

              
	
                II-22-B

              	
                Variable(2)

              	
                $
                  2,352,437.75 

              	 	
                October
                  25, 2036

              
	
                II-23-A

              	
                Variable(2)

              	
                $
                  2,248,756.67 

              	 	
                October
                  25, 2036

              
	
                II-23-B

              	
                Variable(2)

              	
                $
                  2,248,756.67 

              	 	
                October
                  25, 2036

              
	
                II-24-A

              	
                Variable(2)

              	
                $
                  2,150,817.77 

              	 	
                October
                  25, 2036

              
	
                II-24-B

              	
                Variable(2)

              	
                $
                  2,150,817.77 

              	 	
                October
                  25, 2036

              
	
                II-25-A

              	
                Variable(2)

              	
                $
                  2,057,236.04 

              	 	
                October
                  25, 2036

              
	
                II-25-B

              	
                Variable(2)

              	
                $
                  2,057,236.04 

              	 	
                October
                  25, 2036

              
	
                II-26-A

              	
                Variable(2)

              	
                $
                  1,967,814.52 

              	 	
                October
                  25, 2036

              
	
                II-26-B

              	
                Variable(2)

              	
                $
                  1,967,814.52 

              	 	
                October
                  25, 2036

              
	
                II-27-A

              	
                Variable(2)

              	
                $
                  1,882,365.20 

              	 	
                October
                  25, 2036

              
	
                II-27-B

              	
                Variable(2)

              	
                $
                  1,882,365.20 

              	 	
                October
                  25, 2036

              
	
                II-28-A

              	
                Variable(2)

              	
                $
                  1,800,295.70 

              	 	
                October
                  25, 2036

              
	
                II-28-B

              	
                Variable(2)

              	
                $
                  1,800,295.70 

              	 	
                October
                  25, 2036

              
	
                II-29-A

              	
                Variable(2)

              	
                $
                  1,722,043.42 

              	 	
                October
                  25, 2036

              
	
                II-29-B

              	
                Variable(2)

              	
                $
                  1,722,043.42 

              	 	
                October
                  25, 2036

              
	
                II-30-A

              	
                Variable(2)

              	
                $
                  1,647,523.68 

              	 	
                October
                  25, 2036

              
	
                II-30-B

              	
                Variable(2)

              	
                $
                  1,647,523.68 

              	 	
                October
                  25, 2036

              
	
                II-31-A

              	
                Variable(2)

              	
                $
                  1,576,302.55 

              	 	
                October
                  25, 2036

              
	
                II-31-B

              	
                Variable(2)

              	
                $
                  1,576,302.55 

              	 	
                October
                  25, 2036

              
	
                II-32-A

              	
                Variable(2)

              	
                $
                  1,508,231.46 

              	 	
                October
                  25, 2036

              
	
                II-32-B

              	
                Variable(2)

              	
                $
                  1,508,231.46 

              	 	
                October
                  25, 2036

              
	
                II-33-A

              	
                Variable(2)

              	
                $
                  1,443,168.64 

              	 	
                October
                  25, 2036

              
	
                II-33-B

              	
                Variable(2)

              	
                $
                  1,443,168.64 

              	 	
                October
                  25, 2036

              
	
                II-34-A

              	
                Variable(2)

              	
                $
                  1,380,278.24 

              	 	
                October
                  25, 2036

              
	
                II-34-B

              	
                Variable(2)

              	
                $
                  1,380,278.24 

              	 	
                October
                  25, 2036

              
	
                II-35-A

              	
                Variable(2)

              	
                $
                  1,320,514.02 

              	 	
                October
                  25, 2036

              
	
                II-35-B

              	
                Variable(2)

              	
                $
                  1,320,514.02 

              	 	
                October
                  25, 2036

              
	
                II-36-A

              	
                Variable(2)

              	
                $
                  1,263,781.64 

              	 	
                October
                  25, 2036

              
	
                II-36-B

              	
                Variable(2)

              	
                $
                  1,263,781.64 

              	 	
                October
                  25, 2036

              
	
                II-37-A

              	
                Variable(2)

              	
                $
                  1,209,545.77 

              	 	
                October
                  25, 2036

              
	
                II-37-B

              	
                Variable(2)

              	
                $
                  1,209,545.77 

              	 	
                October
                  25, 2036

              
	
                II-38-A

              	
                Variable(2)

              	
                $
                  1,157,694.53 

              	 	
                October
                  25, 2036

              
	
                II-38-B

              	
                Variable(2)

              	
                $
                  1,157,694.53 

              	 	
                October
                  25, 2036

              
	
                II-39-A

              	
                Variable(2)

              	
                $
                  1,108,121.07 

              	 	
                October
                  25, 2036

              
	
                II-39-B

              	
                Variable(2)

              	
                $
                  1,108,121.07 

              	 	
                October
                  25, 2036

              
	
                II-40-A

              	
                Variable(2)

              	
                $
                  1,060,645.87 

              	 	
                October
                  25, 2036

              
	
                II-40-B

              	
                Variable(2)

              	
                $
                  1,060,645.87 

              	 	
                October
                  25, 2036

              
	
                II-41-A

              	
                Variable(2)

              	
                $
                  1,015,270.16 

              	 	
                October
                  25, 2036

              
	
                II-41-B

              	
                Variable(2)

              	
                $
                  1,015,270.16 

              	 	
                October
                  25, 2036

              
	
                II-42-A

              	
                Variable(2)

              	
                $
                  971,948.54 

              	 	
                October
                  25, 2036

              
	
                II-42-B

              	
                Variable(2)

              	
                $
                  971,948.54 

              	 	
                October
                  25, 2036

              
	
                II-43-A

              	
                Variable(2)

              	
                $
                  930,522.89 

              	 	
                October
                  25, 2036

              
	
                II-43-B

              	
                Variable(2)

              	
                $
                  930,522.89 

              	 	
                October
                  25, 2036

              
	
                II-44-A

              	
                Variable(2)

              	
                $
                  890,908.54 

              	 	
                October
                  25, 2036

              
	
                II-44-B

              	
                Variable(2)

              	
                $
                  890,908.54 

              	 	
                October
                  25, 2036

              
	
                II-45-A

              	
                Variable(2)

              	
                $
                  853,024.73 

              	 	
                October
                  25, 2036

              
	
                II-45-B

              	
                Variable(2)

              	
                $
                  853,024.73 

              	 	
                October
                  25, 2036

              
	
                II-46-A

              	
                Variable(2)

              	
                $
                  816,766.10 

              	 	
                October
                  25, 2036

              
	
                II-46-B

              	
                Variable(2)

              	
                $
                  816,766.10 

              	 	
                October
                  25, 2036

              
	
                II-47-A

              	
                Variable(2)

              	
                $
                  9,765,498.68 

              	 	
                October
                  25, 2036

              
	
                II-47-B

              	
                Variable(2)

              	
                $
                  9,765,498.68 

              	 	
                October
                  25, 2036

              
	
                II-48-A

              	
                Variable(2)

              	
                $
                  5,438,028.67 

              	 	
                October
                  25, 2036

              
	
                II-48-B

              	
                Variable(2)

              	
                $
                  5,438,028.67 

              	 	
                October
                  25, 2036

              
	
                II-49-A

              	
                Variable(2)

              	
                $
                  150,080.82 

              	 	
                October
                  25, 2036

              
	
                II-49-B

              	
                Variable(2)

              	
                $
                  150,080.82 

              	 	
                October
                  25, 2036

              
	
                II-50-A

              	
                Variable(2)

              	
                $
                  143,991.61 

              	 	
                October
                  25, 2036

              
	
                II-50-B

              	
                Variable(2)

              	
                $
                  143,991.61 

              	 	
                October
                  25, 2036

              
	
                II-51-A

              	
                Variable(2)

              	
                $
                  138,158.07 

              	 	
                October
                  25, 2036

              
	
                II-51-B

              	
                Variable(2)

              	
                $
                  138,158.07 

              	 	
                October
                  25, 2036

              
	
                II-52-A

              	
                Variable(2)

              	
                $
                  132,569.12 

              	 	
                October
                  25, 2036

              
	
                II-52-B

              	
                Variable(2)

              	
                $
                  132,569.12 

              	 	
                October
                  25, 2036

              
	
                II-53-A

              	
                Variable(2)

              	
                $
                  127,213.72 

              	 	
                October
                  25, 2036

              
	
                II-53-B

              	
                Variable(2)

              	
                $
                  127,213.72 

              	 	
                October
                  25, 2036

              
	
                II-54-A

              	
                Variable(2)

              	
                $
                  122,082.81 

              	 	
                October
                  25, 2036

              
	
                II-54-B

              	
                Variable(2)

              	
                $
                  122,082.81 

              	 	
                October
                  25, 2036

              
	
                II-55-A

              	
                Variable(2)

              	
                $
                  117,166.18 

              	 	
                October
                  25, 2036

              
	
                II-55-B

              	
                Variable(2)

              	
                $
                  117,166.18 

              	 	
                October
                  25, 2036

              
	
                II-56-A

              	
                Variable(2)

              	
                $
                  112,454.63 

              	 	
                October
                  25, 2036

              
	
                II-56-B

              	
                Variable(2)

              	
                $
                  112,454.63 

              	 	
                October
                  25, 2036

              
	
                II-57-A

              	
                Variable(2)

              	
                $
                  107,939.33 

              	 	
                October
                  25, 2036

              
	
                II-57-B

              	
                Variable(2)

              	
                $
                  107,939.33 

              	 	
                October
                  25, 2036

              
	
                II-58-A

              	
                Variable(2)

              	
                $
                  103,748.44 

              	 	
                October
                  25, 2036

              
	
                II-58-B

              	
                Variable(2)

              	
                $
                  103,748.44 

              	 	
                October
                  25, 2036

              
	
                II-59-A

              	
                Variable(2)

              	
                $
                  99,765.30 

              	 	
                October
                  25, 2036

              
	
                II-59-B

              	
                Variable(2)

              	
                $
                  99,765.30 

              	 	
                October
                  25, 2036

              
	
                II-60-A

              	
                Variable(2)

              	
                $
                  2,482,218.33 

              	 	
                October
                  25, 2036

              
	
                II-60-B

              	
                Variable(2)

              	
                $
                  2,482,218.33 

              	 	
                October
                  25, 2036

              
	
                P

              	
                0.00%

              	
                $
                  100.00 

              	 	
                October
                  25, 2036

              

      

      ___________________________

      
        	
                (1)

              	
                For
                  purposes of Section 1.860G-1(a)(4)(iii) of the Treasury regulations,
                  the
                  Distribution Date in the month following the maturity date for
                  the Group I
                  Mortgage Loan with the latest maturity date has been designated
                  as the
                  “latest possible maturity date” for each REMIC I Regular
                  Interest.

              

      

      (2)            
         Calculated
        in accordance with the definition of “Uncertificated REMIC I Pass-Through Rate”
herein.

       

      
 

      REMIC
        II

       

      As
        provided herein, the Trustee will elect to treat the segregated pool of assets
        consisting of the Group II Mortgage Loans and certain other related assets
        subject to this Agreement (other than the Group II Reserve Fund, any related
        Prepayment Charge Waiver Amounts and, for the avoidance of doubt, the Group
        II
        Supplemental Interest Trust, the Group II Swap Collateral Account, the Group
        II
        Swap Agreement, the Group II Swap Account and any rights or obligations in
        respect of the Swap Administration Agreement) as a REMIC for federal income
        tax
        purposes, and such segregated pool of assets will be designated as “REMIC II”.
        The Class II-R-1 Certificates will be the sole class of Residual Interests
        in
        REMIC II for purposes of the REMIC Provisions. The following table irrevocably
        sets forth the designation, the Uncertificated REMIC II Pass-Through Rate,
        the
        initial Uncertificated Principal Balance and, for purposes of satisfying
        Treasury Regulation Section 1.860G-1(a)(4)(iii), the “latest possible maturity
        date” for each of the REMIC II Regular Interests (as defined herein). None of
        the REMIC II Regular Interests will be certificated.

       

      
        	
                 

                Designation

              	
                Uncertificated
                  REMIC II 

                Pass-Through
                  Rate

              	
                Initial
                  Uncertificated Principal Balance

              	
                Latest
                  Possible Maturity Date (1)

              
	
                I-1-A

              	
                Variable(2)

              	
                $
                  1,379,503.08 

              	 	
                October
                  25, 2036

              
	
                I-1-B

              	
                Variable(2)

              	
                $
                  1,379,503.08 

              	 	
                October
                  25, 2036

              
	
                I-2-A

              	
                Variable(2)

              	
                $
                  1,689,240.34 

              	 	
                October
                  25, 2036

              
	
                I-2-B

              	
                Variable(2)

              	
                $
                  1,689,240.34 

              	 	
                October
                  25, 2036

              
	
                I-3-A

              	
                Variable(2)

              	
                $
                  1,995,945.97 

              	 	
                October
                  25, 2036

              
	
                I-3-B

              	
                Variable(2)

              	
                $
                  1,995,945.97 

              	 	
                October
                  25, 2036

              
	
                I-4-A

              	
                Variable(2)

              	
                $
                  2,296,796.70 

              	 	
                October
                  25, 2036

              
	
                I-4-B

              	
                Variable(2)

              	
                $
                  2,296,796.70 

              	 	
                October
                  25, 2036

              
	
                I-5-A

              	
                Variable(2)

              	
                $
                  2,588,882.45 

              	 	
                October
                  25, 2036

              
	
                I-5-B

              	
                Variable(2)

              	
                $
                  2,588,882.45 

              	 	
                October
                  25, 2036

              
	
                I-6-A

              	
                Variable(2)

              	
                $
                  2,869,241.80 

              	 	
                October
                  25, 2036

              
	
                I-6-B

              	
                Variable(2)

              	
                $
                  2,869,241.80 

              	 	
                October
                  25, 2036

              
	
                I-7-A

              	
                Variable(2)

              	
                $
                  3,134,901.56 

              	 	
                October
                  25, 2036

              
	
                I-7-B

              	
                Variable(2)

              	
                $
                  3,134,901.56 

              	 	
                October
                  25, 2036

              
	
                I-8-A

              	
                Variable(2)

              	
                $
                  3,382,919.96 

              	 	
                October
                  25, 2036

              
	
                I-8-B

              	
                Variable(2)

              	
                $
                  3,382,919.96 

              	 	
                October
                  25, 2036

              
	
                I-9-A

              	
                Variable(2)

              	
                $
                  3,607,214.83 

              	 	
                October
                  25, 2036

              
	
                I-9-B

              	
                Variable(2)

              	
                $
                  3,607,214.83 

              	 	
                October
                  25, 2036

              
	
                I-10-A

              	
                Variable(2)

              	
                $
                  3,451,874.64 

              	 	
                October
                  25, 2036

              
	
                I-10-B

              	
                Variable(2)

              	
                $
                  3,451,874.64 

              	 	
                October
                  25, 2036

              
	
                I-11-A

              	
                Variable(2)

              	
                $
                  3,292,500.90 

              	 	
                October
                  25, 2036

              
	
                I-11-B

              	
                Variable(2)

              	
                $
                  3,292,500.90 

              	 	
                October
                  25, 2036

              
	
                I-12-A

              	
                Variable(2)

              	
                $
                  3,140,527.43 

              	 	
                October
                  25, 2036

              
	
                I-12-B

              	
                Variable(2)

              	
                $
                  3,140,527.43 

              	 	
                October
                  25, 2036

              
	
                I-13-A

              	
                Variable(2)

              	
                $
                  2,995,609.28 

              	 	
                October
                  25, 2036

              
	
                I-13-B

              	
                Variable(2)

              	
                $
                  2,995,609.28 

              	 	
                October
                  25, 2036

              
	
                I-14-A

              	
                Variable(2)

              	
                $
                  2,857,417.69 

              	 	
                October
                  25, 2036

              
	
                I-14-B

              	
                Variable(2)

              	
                $
                  2,857,417.69 

              	 	
                October
                  25, 2036

              
	
                I-15-A

              	
                Variable(2)

              	
                $
                  2,725,639.23 

              	 	
                October
                  25, 2036

              
	
                I-15-B

              	
                Variable(2)

              	
                $
                  2,725,639.23 

              	 	
                October
                  25, 2036

              
	
                I-16-A

              	
                Variable(2)

              	
                $
                  2,599,975.11 

              	 	
                October
                  25, 2036

              
	
                I-16-B

              	
                Variable(2)

              	
                $
                  2,599,975.11 

              	 	
                October
                  25, 2036

              
	
                I-17-A

              	
                Variable(2)

              	
                $
                  2,480,140.48 

              	 	
                October
                  25, 2036

              
	
                I-17-B

              	
                Variable(2)

              	
                $
                  2,480,140.48 

              	 	
                October
                  25, 2036

              
	
                I-18-A

              	
                Variable(2)

              	
                $
                  2,365,863.83 

              	 	
                October
                  25, 2036

              
	
                I-18-B

              	
                Variable(2)

              	
                $
                  2,365,863.83 

              	 	
                October
                  25, 2036

              
	
                I-19-A

              	
                Variable(2)

              	
                $
                  2,256,886.31 

              	 	
                October
                  25, 2036

              
	
                I-19-B

              	
                Variable(2)

              	
                $
                  2,256,886.31 

              	 	
                October
                  25, 2036

              
	
                I-20-A

              	
                Variable(2)

              	
                $
                  2,152,961.14 

              	 	
                October
                  25, 2036

              
	
                I-20-B

              	
                Variable(2)

              	
                $
                  2,152,961.14 

              	 	
                October
                  25, 2036

              
	
                I-21-A

              	
                Variable(2)

              	
                $
                  2,053,823.78 

              	 	
                October
                  25, 2036

              
	
                I-21-B

              	
                Variable(2)

              	
                $
                  2,053,823.78 

              	 	
                October
                  25, 2036

              
	
                I-22-A

              	
                Variable(2)

              	
                $
                  1,954,944.33 

              	 	
                October
                  25, 2036

              
	
                I-22-B

              	
                Variable(2)

              	
                $
                  1,954,944.33 

              	 	
                October
                  25, 2036

              
	
                I-23-A

              	
                Variable(2)

              	
                $
                  1,865,125.41 

              	 	
                October
                  25, 2036

              
	
                I-23-B

              	
                Variable(2)

              	
                $
                  1,865,125.41 

              	 	
                October
                  25, 2036

              
	
                I-24-A

              	
                Variable(2)

              	
                $
                  1,779,538.78 

              	 	
                October
                  25, 2036

              
	
                I-24-B

              	
                Variable(2)

              	
                $
                  1,779,538.78 

              	 	
                October
                  25, 2036

              
	
                I-25-A

              	
                Variable(2)

              	
                $
                  1,697,907.79 

              	 	
                October
                  25, 2036

              
	
                I-25-B

              	
                Variable(2)

              	
                $
                  1,697,907.79 

              	 	
                October
                  25, 2036

              
	
                I-26-A

              	
                Variable(2)

              	
                $
                  1,620,048.75 

              	 	
                October
                  25, 2036

              
	
                I-26-B

              	
                Variable(2)

              	
                $
                  1,620,048.75 

              	 	
                October
                  25, 2036

              
	
                I-27-A

              	
                Variable(2)

              	
                $
                  1,545,785.13 

              	 	
                October
                  25, 2036

              
	
                I-27-B

              	
                Variable(2)

              	
                $
                  1,545,785.13 

              	 	
                October
                  25, 2036

              
	
                I-28-A

              	
                Variable(2)

              	
                $
                  1,474,187.64 

              	 	
                October
                  25, 2036

              
	
                I-28-B

              	
                Variable(2)

              	
                $
                  1,474,187.64 

              	 	
                October
                  25, 2036

              
	
                I-29-A

              	
                Variable(2)

              	
                $
                  1,406,686.23 

              	 	
                October
                  25, 2036

              
	
                I-29-B

              	
                Variable(2)

              	
                $
                  1,406,686.23 

              	 	
                October
                  25, 2036

              
	
                I-30-A

              	
                Variable(2)

              	
                $
                  1,342,307.06 

              	 	
                October
                  25, 2036

              
	
                I-30-B

              	
                Variable(2)

              	
                $
                  1,342,307.06 

              	 	
                October
                  25, 2036

              
	
                I-31-A

              	
                Variable(2)

              	
                $
                  1,280,897.69 

              	 	
                October
                  25, 2036

              
	
                I-31-B

              	
                Variable(2)

              	
                $
                  1,280,897.69 

              	 	
                October
                  25, 2036

              
	
                I-32-A

              	
                Variable(2)

              	
                $
                  1,222,320.37 

              	 	
                October
                  25, 2036

              
	
                I-32-B

              	
                Variable(2)

              	
                $
                  1,222,320.37 

              	 	
                October
                  25, 2036

              
	
                I-33-A

              	
                Variable(2)

              	
                $
                  1,166,443.79 

              	 	
                October
                  25, 2036

              
	
                I-33-B

              	
                Variable(2)

              	
                $
                  1,166,443.79 

              	 	
                October
                  25, 2036

              
	
                I-34-A

              	
                Variable(2)

              	
                $
                  1,112,607.91 

              	 	
                October
                  25, 2036

              
	
                I-34-B

              	
                Variable(2)

              	
                $
                  1,112,607.91 

              	 	
                October
                  25, 2036

              
	
                I-35-A

              	
                Variable(2)

              	
                $
                  1,061,798.57 

              	 	
                October
                  25, 2036

              
	
                I-35-B

              	
                Variable(2)

              	
                $
                  1,061,798.57 

              	 	
                October
                  25, 2036

              
	
                I-36-A

              	
                Variable(2)

              	
                $
                  1,013,341.86 

              	 	
                October
                  25, 2036

              
	
                I-36-B

              	
                Variable(2)

              	
                $
                  1,013,341.86 

              	 	
                October
                  25, 2036

              
	
                I-37-A

              	
                Variable(2)

              	
                $
                  967,115.79 

              	 	
                October
                  25, 2036

              
	
                I-37-B

              	
                Variable(2)

              	
                $
                  967,115.79 

              	 	
                October
                  25, 2036

              
	
                I-38-A

              	
                Variable(2)

              	
                $
                  923,017.09 

              	 	
                October
                  25, 2036

              
	
                I-38-B

              	
                Variable(2)

              	
                $
                  923,017.09 

              	 	
                October
                  25, 2036

              
	
                I-39-A

              	
                Variable(2)

              	
                $
                  880,947.23 

              	 	
                October
                  25, 2036

              
	
                I-39-B

              	
                Variable(2)

              	
                $
                  880,947.23 

              	 	
                October
                  25, 2036

              
	
                I-40-A

              	
                Variable(2)

              	
                $
                  840,746.27 

              	 	
                October
                  25, 2036

              
	
                I-40-B

              	
                Variable(2)

              	
                $
                  840,746.27 

              	 	
                October
                  25, 2036

              
	
                I-41-A

              	
                Variable(2)

              	
                $
                  802,458.82 

              	 	
                October
                  25, 2036

              
	
                I-41-B

              	
                Variable(2)

              	
                $
                  802,458.82 

              	 	
                October
                  25, 2036

              
	
                I-42-A

              	
                Variable(2)

              	
                $
                  765,935.06 

              	 	
                October
                  25, 2036

              
	
                I-42-B

              	
                Variable(2)

              	
                $
                  765,935.06 

              	 	
                October
                  25, 2036

              
	
                I-43-A

              	
                Variable(2)

              	
                $
                  731,089.48 

              	 	
                October
                  25, 2036

              
	
                I-43-B

              	
                Variable(2)

              	
                $
                  731,089.48 

              	 	
                October
                  25, 2036

              
	
                I-44-A

              	
                Variable(2)

              	
                $
                  697,844.45 

              	 	
                October
                  25, 2036

              
	
                I-44-B

              	
                Variable(2)

              	
                $
                  697,844.45 

              	 	
                October
                  25, 2036

              
	
                I-45-A

              	
                Variable(2)

              	
                $
                  666,126.00 

              	 	
                October
                  25, 2036

              
	
                I-45-B

              	
                Variable(2)

              	
                $
                  666,126.00 

              	 	
                October
                  25, 2036

              
	
                I-46-A

              	
                Variable(2)

              	
                $
                  635,858.80 

              	 	
                October
                  25, 2036

              
	
                I-46-B

              	
                Variable(2)

              	
                $
                  635,858.80 

              	 	
                October
                  25, 2036

              
	
                I-47-A

              	
                Variable(2)

              	
                $
                  606,984.83 

              	 	
                October
                  25, 2036

              
	
                I-47-B

              	
                Variable(2)

              	
                $
                  606,984.83 

              	 	
                October
                  25, 2036

              
	
                I-48-A

              	
                Variable(2)

              	
                $
                  11,052,457.12 

              	 	
                October
                  25, 2036

              
	
                I-48-B

              	
                Variable(2)

              	
                $
                  11,052,457.12 

              	 	
                October
                  25, 2036

              
	
                I-49-A

              	
                Variable(2)

              	
                $
                  59,745.87 

              	 	
                October
                  25, 2036

              
	
                I-49-B

              	
                Variable(2)

              	
                $
                  59,745.87 

              	 	
                October
                  25, 2036

              
	
                I-50-A

              	
                Variable(2)

              	
                $
                  57,881.94 

              	 	
                October
                  25, 2036

              
	
                I-50-B

              	
                Variable(2)

              	
                $
                  57,881.94 

              	 	
                October
                  25, 2036

              
	
                I-51-A

              	
                Variable(2)

              	
                $
                  56,075.96 

              	 	
                October
                  25, 2036

              
	
                I-51-B

              	
                Variable(2)

              	
                $
                  56,075.96 

              	 	
                October
                  25, 2036

              
	
                I-52-A

              	
                Variable(2)

              	
                $
                  54,326.14 

              	 	
                October
                  25, 2036

              
	
                I-52-B

              	
                Variable(2)

              	
                $
                  54,326.14 

              	 	
                October
                  25, 2036

              
	
                I-53-A

              	
                Variable(2)

              	
                $
                  52,630.71 

              	 	
                October
                  25, 2036

              
	
                I-53-B

              	
                Variable(2)

              	
                $
                  52,630.71 

              	 	
                October
                  25, 2036

              
	
                I-54-A

              	
                Variable(2)

              	
                $
                  50,988.01 

              	 	
                October
                  25, 2036

              
	
                I-54-B

              	
                Variable(2)

              	
                $
                  50,988.01 

              	 	
                October
                  25, 2036

              
	
                I-55-A

              	
                Variable(2)

              	
                $
                  49,396.39 

              	 	
                October
                  25, 2036

              
	
                I-55-B

              	
                Variable(2)

              	
                $
                  49,396.39 

              	 	
                October
                  25, 2036

              
	
                I-56-A

              	
                Variable(2)

              	
                $
                  47,854.27 

              	 	
                October
                  25, 2036

              
	
                I-56-B

              	
                Variable(2)

              	
                $
                  47,854.27 

              	 	
                October
                  25, 2036

              
	
                I-57-A

              	
                Variable(2)

              	
                $
                  46,360.11 

              	 	
                October
                  25, 2036

              
	
                I-57-B

              	
                Variable(2)

              	
                $
                  46,360.11 

              	 	
                October
                  25, 2036

              
	
                I-58-A

              	
                Variable(2)

              	
                $
                  45,016.41 

              	 	
                October
                  25, 2036

              
	
                I-58-B

              	
                Variable(2)

              	
                $
                  45,016.41 

              	 	
                October
                  25, 2036

              
	
                I-59-A

              	
                Variable(2)

              	
                $
                  43,608.01 

              	 	
                October
                  25, 2036

              
	
                I-59-B

              	
                Variable(2)

              	
                $
                  43,608.01 

              	 	
                October
                  25, 2036

              
	
                I-60-A

              	
                Variable(2)

              	
                $
                  1,342,126.04 

              	 	
                October
                  25, 2036

              
	
                I-60-B

              	
                Variable(2)

              	
                $
                  1,342,126.04 

              	 	
                October
                  25, 2036

              
	
                P

              	
                0.00%

              	
                $
                  100.00 

              	 	
                October
                  25, 2036

              

      

      ___________________________

      
        	
                (1)

              	
                For
                  purposes of Section 1.860G-1(a)(4)(iii) of the Treasury regulations,
                  the
                  Distribution Date in the month following the maturity date for
                  the Group
                  II Mortgage Loan with the latest maturity date has been designated
                  as the
                  “latest possible maturity date” for each REMIC II Regular
                  Interest.

              

      

      (2)            
         Calculated
        in accordance with the definition of “Uncertificated REMIC II Pass-Through Rate”
herein.

      

       

      REMIC
        III

       

      As
        provided herein, the Trustee will elect to treat the segregated pool of assets
        consisting of the REMIC I Regular Interests and the REMIC II Regular Interests
        as a REMIC for federal income tax purposes, and such segregated pool of assets
        will be designated as “REMIC III”. The Class I-R-2 Certificates will be the sole
        class of Residual Interests in REMIC III for purposes of the REMIC Provisions.
        The following table irrevocably sets forth the designation, the Uncertificated
        REMIC III Pass-Through Rate, the initial Uncertificated Principal Balance
        and,
        for purposes of satisfying Treasury Regulation Section 1.860G-1(a)(4)(iii),
        the
“latest possible maturity date” for each of the REMIC III Regular Interests (as
        defined herein). None of the REMIC III Regular Interests will be
        certificated.

       

      
        	
                Designation

              	
                Uncertificated
                  REMIC III

                Pass-Through
                  Rate

              	
                Initial
                  Uncertificated Principal Balance

              	
                Latest
                  Possible Maturity Date (1)

              
	
                I-AA

              	
                Variable(2)

              	
                $
                  205,075,039.89 

              	 	
                October
                  25, 2036

              
	
                I-1A-1

              	
                Variable(2)

              	
                $
                  432,265.00 

              	 	
                October
                  25, 2036

              
	
                I-1A-2

              	
                Variable(2)

              	
                $
                  225,105.00 

              	 	
                October
                  25, 2036

              
	
                I-1A-3

              	
                Variable(2)

              	
                $
                  61,235.00 

              	 	
                October
                  25, 2036

              
	
                I-2A

              	
                Variable(2)

              	
                $
                  960,710.00 

              	 	
                October
                  25, 2036

              
	
                I-M-1

              	
                Variable(2)

              	
                $
                  97,305.00 

              	 	
                October
                  25, 2036

              
	
                I-M-2

              	
                Variable(2)

              	
                $
                  72,195.00 

              	 	
                October
                  25, 2036

              
	
                I-M-3

              	
                Variable(2)

              	
                $
                  35,575.00 

              	 	
                October
                  25, 2036

              
	
                I-M-4

              	
                Variable(2)

              	
                $
                  32,435.00 

              	 	
                October
                  25, 2036

              
	
                I-M-5

              	
                Variable(2)

              	
                $
                  31,390.00 

              	 	
                October
                  25, 2036

              
	
                I-M-6

              	
                Variable(2)

              	
                $
                  26,160.00 

              	 	
                October
                  25, 2036

              
	
                I-M-7

              	
                Variable(2)

              	
                $
                  18,835.00 

              	 	
                October
                  25, 2036

              
	
                I-M-8

              	
                Variable(2)

              	
                $
                  14,645.00 

              	 	
                October
                  25, 2036

              
	
                I-M-9

              	
                Variable(2)

              	
                $
                  24,060.00 

              	 	
                October
                  25, 2036

              
	
                I-M-10

              	
                Variable(2)

              	
                $
                  21,970.00 

              	 	
                October
                  25, 2036

              
	
                I-ZZ

              	
                Variable(2)

              	
                $
                  2,131,319.90 

              	 	
                October
                  25, 2036

              
	
                I-IO

              	
                (2)

              	
                (3)

              	 	
                October
                  25, 2036

              
	
                I-P

              	
                0.00%

              	
                $
                  100.00 

              	 	
                October
                  25, 2036

              
	
                I-1-Sub

              	
                Variable(2)

              	
                $
                  3,537.09 

              	 	
                October
                  25, 2036

              
	
                I-1-Grp

              	
                Variable(2)

              	
                $
                  17,909.19 

              	 	
                October
                  25, 2036

              
	
                I-2-Sub

              	
                Variable(2)

              	
                $
                  4,728.66 

              	 	
                October
                  25, 2036

              
	
                I-2-Grp

              	
                Variable(2)

              	
                $
                  23,942.86 

              	 	
                October
                  25, 2036

              
	
                I-XX

              	
                Variable(2)

              	
                $
                  209,210,126.99 

              	 	
                October
                  25, 2036

              
	
                II-AA

              	
                Variable(2)

              	
                $
                  192,743,261.16 

              	 	
                October
                  25, 2036

              
	
                II-A-1

              	
                Variable(2)

              	
                $
                  765,130.00 

              	 	
                October
                  25, 2036

              
	
                II-A-2

              	
                Variable(2)

              	
                $
                  642,570.00 

              	 	
                October
                  25, 2036

              
	
                II-A-3

              	
                Variable(2)

              	
                $
                  63,440.00 

              	 	
                October
                  25, 2036

              
	
                II-M-1

              	
                Variable(2)

              	
                $
                  80,640.00 

              	 	
                October
                  25, 2036

              
	
                II-M-2

              	
                Variable(2)

              	
                $
                  75,720.00 

              	 	
                October
                  25, 2036

              
	
                II-M-3

              	
                Variable(2)

              	
                $
                  45,240.00 

              	 	
                October
                  25, 2036

              
	
                II-M-4

              	
                Variable(2)

              	
                $
                  40,320.00 

              	 	
                October
                  25, 2036

              
	
                II-M-5

              	
                Variable(2)

              	
                $
                  37,370.00 

              	 	
                October
                  25, 2036

              
	
                II-M-6

              	
                Variable(2)

              	
                $
                  33,430.00 

              	 	
                October
                  25, 2036

              
	
                II-M-7

              	
                Variable(2)

              	
                $
                  31,470.00 

              	 	
                October
                  25, 2036

              
	
                II-M-8

              	
                Variable(2)

              	
                $
                  27,530.00 

              	 	
                October
                  25, 2036

              
	
                II-M-9

              	
                Variable(2)

              	
                $
                  25,560.00 

              	 	
                October
                  25, 2036

              
	
                II-M-10

              	
                Variable(2)

              	
                $
                  29,500.00 

              	 	
                October
                  25, 2036

              
	
                II-ZZ

              	
                Variable(2)

              	
                $
                  2,035,615.94 

              	 	
                October
                  25, 2036

              
	
                II-IO

              	
                (2)

              	
                (3)

              	 	
                October
                  25, 2036

              
	
                II-P

              	
                0.00%

              	
                $
                  100.00 

              	 	
                October
                  25, 2036

              

      

      ___________________________

      
        	
                (1)

              	
                For
                  purposes of Section 1.860G-1(a)(4)(iii) of the Treasury regulations,
                  the
                  Distribution Date in the month following the maturity date for
                  the Group I
                  Mortgage Loan with the latest maturity date has been designated
                  as the
                  “latest possible maturity date” for each REMIC III Group I Regular
                  Interest (as defined herein), and the Distribution Date in the
                  month
                  following the maturity date for the Group II Mortgage Loan with
                  the latest
                  maturity date has been designated as the “latest possible maturity date”
                  for each REMIC III Group II Regular Interest (as defined
                  herein).

              

      

      
        	
                (2)

              	
                Calculated
                  in accordance with the definition of “Uncertificated REMIC III
                  Pass-Through Rate” herein.

              

      

      
        	
                (3)

              	
                REMIC
                  III Regular Interest I-IO and REMIC III Regular Interest II-IO
                  will not
                  have Uncertificated Principal Balances but will accrue interest
                  on their
                  respective uncertificated notional amounts calculated in accordance
                  with
                  the related definition of “Uncertificated Notional Amount”
                  herein.

              

      

      

       

      REMIC
        IV

       

      As
        provided herein, the Trustee will elect to treat the segregated pool of assets
        consisting of the REMIC III Regular Interests as a REMIC for federal income
        tax
        purposes, and such segregated pool of assets will be designated as “REMIC IV”.
        The Class I-R-3 Certificates will represent the sole class of Residual Interests
        in REMIC IV for purposes of the REMIC Provisions.

       

      The
        following table irrevocably sets forth the designation, Pass-Through Rate,
        Initial Certificate Principal Balance (or initial Uncertificated Principal
        Balance, in the case of the Class CE Interests, Class P Interests and Class
        IO
        Interests) and, for purposes of satisfying Treasury Regulation Section
        1.860G-1(a)(4)(iii), the “latest possible maturity date” for each class of
        Certificates and interests that represents ownership of one or more of the
        Regular Interests in REMIC IV created hereunder.

       

      Each
        Certificate, other than the Class P, Class CE and Class R Certificates,
        represents ownership of a Regular Interest in REMIC IV and also represents
        (i)
        the right to receive certain amounts specified herein in respect of related
        Basis Risk Shortfall Carry Forward Amounts (as defined herein) and (ii)
the
        obligation to pay related Class IO Distribution Amounts (as
        defined herein). The entitlement to principal of the Regular Interest which
        corresponds to each Certificate shall be equal in amount and timing to the
        entitlement to principal of such Certificate. 

       

      
        	
                Designation

              	
                Pass-Through
                  Rate

              	
                Initial
                  Certificate or Uncertificated

                Principal
                  Balance

              	
                Latest
                  Possible Maturity Date(1)

              
	
                I-1A-1(2)

              	
                Variable(3)

              	
                $ 86,453,000.00

              	 	
                October
                  25, 2036

              
	
                I-1A-2(2)

              	
                Variable(3)

              	
                $ 45,021,000.00

              	 	
                October
                  25, 2036

              
	
                I-1A-3(2)

              	
                Variable(3)

              	
                $ 12,247,000.00

              	 	
                October
                  25, 2036

              
	
                I-2A(2)

              	
                Variable(3)

              	
                $ 192,142,000.00

              	 	
                October
                  25, 2036

              
	
                I-M-1(2)

              	
                Variable(3)

              	
                $ 19,461,000.00

              	 	
                October
                  25, 2036

              
	
                I-M-2(2)

              	
                Variable(3)

              	
                $ 14,439,000.00

              	 	
                October
                  25, 2036

              
	
                I-M-3(2)

              	
                Variable(3)

              	
                $ 7,115,000.00

              	 	
                October
                  25, 2036

              
	
                I-M-4(2)

              	
                Variable(3)

              	
                $ 6,487,000.00

              	 	
                October
                  25, 2036

              
	
                I-M-5(2)

              	
                Variable(3)

              	
                $ 6,278,000.00

              	 	
                October
                  25, 2036

              
	
                I-M-6(2)

              	
                Variable(3)

              	
                $ 5,232,000.00

              	 	
                October
                  25, 2036

              
	
                I-M-7(2)

              	
                Variable(3)

              	
                $ 3,767,000.00

              	 	
                October
                  25, 2036

              
	
                I-M-8(2)

              	
                Variable(3)

              	
                $ 2,929,000.00

              	 	
                October
                  25, 2036

              
	
                I-M-9(2)

              	
                Variable(3)

              	
                $ 4,812,000.00

              	 	
                October
                  25, 2036

              
	
                I-M-10(2)

              	
                Variable(3)

              	
                $ 4,394,000.00

              	 	
                October
                  25, 2036

              
	
                Class
                  I-CE Interest

              	
                Variable(3)(4)

              	
                $ 7,743,489.58

              	 	
                October
                  25, 2036

              
	
                Class
                  I-P Interest

              	
                0.00%(5)

              	
                $ 100.00

              	 	
                October
                  25, 2036

              
	
                Class
                  I-IO Interest

              	
                (6)

              	
                (7)

              	 	
                October
                  25, 2036

              
	
                II-A-1(2)

              	
                Variable(3)

              	
                $ 
                  76,513,000.00 

              	 	
                October
                  25, 2036

              
	
                II-A-2(2)

              	
                Variable(3)

              	
                $ 64,257,000.00

              	 	
                October
                  25, 2036

              
	
                II-A-3(2)

              	
                Variable(3)

              	
                $ 6,344,000.00

              	 	
                October
                  25, 2036

              
	
                II-M-1(2)

              	
                Variable(3)

              	
                $ 8,064,000.00

              	 	
                October
                  25, 2036

              
	
                II-M-2(2)

              	
                Variable(3)

              	
                $ 7,572,000.00

              	 	
                October
                  25, 2036

              
	
                II-M-3(2)

              	
                Variable(3)

              	
                $ 4,524,000.00

              	 	
                October
                  25, 2036

              
	
                II-M-4(2)

              	
                Variable(3)

              	
                $ 4,032,000.00

              	 	
                October
                  25, 2036

              
	
                II-M-5(2)

              	
                Variable(3)

              	
                $ 3,737,000.00

              	 	
                October
                  25, 2036

              
	
                II-M-6(2)

              	
                Variable(3)

              	
                $ 3,343,000.00

              	 	
                October
                  25, 2036

              
	
                II-M-7(2)

              	
                Variable(3)

              	
                $ 3,147,000.00

              	 	
                October
                  25, 2036

              
	
                II-M-8(2)

              	
                Variable(3)

              	
                $ 2,753,000.00

              	 	
                October
                  25, 2036

              
	
                II-M-9(2)

              	
                Variable(3)

              	
                $ 2,556,000.00

              	 	
                October
                  25, 2036

              
	
                II-M-10(2)

              	
                Variable(3)

              	
                $ 2,950,000.00

              	 	
                October
                  25, 2036

              
	
                Class
                  II-CE Interest

              	
                Variable(3)(4)

              	
                $ 6,884,797.10

              	 	
                October
                  25, 2036

              
	
                Class
                  II-IO Interest

              	
                (6)

              	
                (7)

              	 	
                October
                  25, 2036

              
	
                Class
                  II-P Interest

              	
                0.00%(5)

              	
                $ 100.00

              	 	
                October
                  25, 2036

              

      

      ___________________

      
        	
                (1)

              	
                For
                  purposes of Section 1.860G-1(a)(4)(iii) of the Treasury regulations,
                  the
                  Distribution Date in the month following the maturity date for
                  the Group I
                  Mortgage Loan with the latest maturity date has been designated
                  as the
                  “latest possible maturity date” for each Regular Interest in REMIC IV the
                  ownership of which is represented by the Class I-A Certificates
                  and Class
                  I-M Certificates, the Class I-CE Interest, the Class I-P Interest
                  and the
                  Class I-IO Interest, and the Distribution Date in the month following
                  the
                  maturity date for the Group II Mortgage Loan with the latest maturity
                  date
                  has been designated as the “latest possible maturity date” for each
                  Regular Interest in REMIC IV the ownership of which is represented
                  by the
                  Class II-A Certificates and Class II-M Certificates, the Class
                  II-CE
                  Interest, the Class II-P Interest and the Class II-IO
                  Interest.

              

      

      
        	
                (2)

              	
                This
                  Class of Certificates represents ownership of a Regular Interest
                  in REMIC
                  IV. Any amount distributed on this Class of Certificates on any
                  Distribution Date in excess of the amount distributable on the
                  related
                  Regular Interest in REMIC IV on such Distribution Date shall be
                  treated
                  for federal income tax purposes as having been paid from the related
                  Reserve Fund or the related Supplemental Interest Trust, as applicable,
                  and any amount distributable on the related Regular Interest in
                  REMIC IV
                  on such Distribution Date in excess of the amount distributable
                  on such
                  Class of Certificates on such Distribution Date shall be treated
                  for such
                  purposes as having been distributed to the Holders of such Certificates
                  and then paid by such Holders to the related Supplemental Interest
                  Trust,
                  all pursuant to and as further provided in Section 3.21 or Section
                  3.22,
                  as applicable, hereof.

              

      

      
        	
                (3)

              	
                Calculated
                  in accordance with the definition of “Pass-Through Rate” herein. Each
                  Regular Interest in REMIC IV which corresponds to a Class A Certificate
                  or
                  Class M Certificate will have the same Pass-Through Rate as such
                  Certificate, except with respect to the related Net Rate Cap. The
                  Net Rate
                  Cap for each such Regular Interest in REMIC IV and Certificate
                  is
                  specified in the related definition of “Net Rate
                  Cap.”

              

      

      
        	
                (4)

              	
                The
                  Class I-CE Interest and Class II-CE Interest will accrue interest
                  at their
                  variable Pass-Through Rates on their Uncertificated Notional Amounts
                  outstanding from time to time, which shall equal the aggregate
                  Uncertificated Principal Balance of the REMIC III Group I Regular
                  Interests (other than REMIC III Regular Interest I-P) or the REMIC
                  III
                  Group II Regular Interests (other than REMIC III Regular Interest
                  II-P),
                  respectively. The Class CE Interests will not accrue interest on
                  their
                  Uncertificated Principal Balances.

              

      

      
        	
                (5)

              	
                The
                  Class P Interests are not entitled to distributions in respect
                  of
                  interest.

              

      

      
        	
                (6)

              	
                For
                  federal income tax purposes, the Class I-IO Interest and Class
                  II-IO
                  Interest will not have Pass-Through Rates, but will be entitled
                  to 100% of
                  the amounts distributed on REMIC III Regular Interest I-IO and
                  REMIC III
                  Regular Interest II-IO,
                  respectively.

              

      

      
        	
                (7)

              	
                For
                  federal income tax purposes, the Class I-IO Interest and Class
                  II-IO
                  Interest will not have Uncertificated Principal Balances, but will
                  have
                  notional amounts equal to the Uncertificated Notional Amounts of
                  REMIC III
                  Regular Interest I-IO and REMIC III Regular Interest II-IO,
                  respectively.

              

      

       

       

      REMIC
        V

       

      As
        provided herein, the Trustee shall elect to treat the segregated pool of
        assets
        consisting of the Class I-CE Interest as a REMIC for federal income tax
        purposes, and such segregated pool of assets will be designated as “REMIC V”.
        The Class I-R-5 Interest represents the sole class of Residual Interests
        in
        REMIC V for purposes of the REMIC Provisions.

       

      The
        following table sets forth the Class designation, Pass-Through Rate, Initial
        Certificate Principal Balance and, for purposes of satisfying Treasury
        Regulation Section 1.860G-1(a)(4)(iii), the “latest possible maturity date” for
        the indicated Class of Certificates that represents a Regular Interest in
        REMIC
        V created hereunder. The Class I-CE Certificate represents ownership of a
        Regular Interest in REMIC V and also represents (i) the obligation to pay
        certain amounts specified herein in respect of related Basis Risk Shortfall
        Carry Forward Amounts and (ii) the right to receive related Class IO
        Distribution Amounts.

       

      
        	
                Class
                  Designation

              	
                Pass-Through
                  Rate

              	
                Initial
                  Certificate Principal Balance

              	
                Latest
                  Possible

                Maturity
                  Date(1)

              
	
                I-CE

              	
                (2)

              	
                $ 7,743,489.58

              	
                October
                  25, 2036

              

      

      _______________

      
        	
                (1)

              	
                For
                  purposes of Section 1.860G-1(a)(4)(iii) of the Treasury regulations,
                  the
                  Distribution Date in the month following the maturity date for
                  the Group I
                  Mortgage Loan with the latest maturity date has been designated
                  as the
                  “latest possible maturity date” for the Class I-CE
                  Certificates.

              

      

      
        	
                (2)

              	
                The
                  Class I-CE Certificates will receive 100% of the amounts received
                  in
                  respect of the Class I-CE Interest.

              

      

       

       

      REMIC
        VI

       

      As
        provided herein, the Trustee shall elect to treat the segregated pool of
        assets
        consisting of the Class I-P Interest as a REMIC for federal income tax purposes,
        and such segregated pool of assets will be designated as “REMIC VI”. The Class
        I-R-6 Interest represents the sole class of Residual Interests in REMIC VI
        for
        purposes of the REMIC Provisions.

       

      The
        following table sets forth the Class designation, Pass-Through Rate, Initial
        Certificate Principal Balance and, for purposes of satisfying Treasury
        Regulation Section 1.860G-1(a)(4)(iii), the “latest possible maturity date” for
        the indicated Class of Certificates that represents a Regular Interest in
        REMIC
        VI created hereunder:

       

      
        	
                Class
                  Designation

              	
                Pass-Through
                  Rate

              	
                Initial

                Certificate
                  Principal Balance

              	
                Latest
                  Possible

                Maturity
                  Date(1)

              
	
                I-P

              	
                0.00%(2)

              	
                $100.00

              	
                October
                  25, 2036

              

      

      _______________

      
        	
                (1)

              	
                For
                  purposes of Section 1.860G-1(a)(4)(iii) of the Treasury regulations,
                  the
                  Distribution Date in the month following the maturity date for
                  the Group I
                  Mortgage Loan with the latest maturity date has been designated
                  as the
                  “latest possible maturity date” for the Class I-P
                  Certificates.

              

      

      
        	
                (2)

              	
                The
                  Class I-P Certificates will receive 100% of the amounts received
                  in
                  respect of the Class I-P Interest.

              

      

       

       

      REMIC
        VII

       

      As
        provided herein, the Trustee shall elect to treat the segregated pool of
        assets
        consisting of the Class I-IO Interest as a REMIC for federal income tax
        purposes, and such segregated pool of assets will be designated as “REMIC VII”.
        The Class I-R-7 Interest represents the sole class of Residual Interests
        in
        REMIC VII for purposes of the REMIC Provisions.

       

      The
        following table sets forth the designation, Pass-Through Rate, initial
        Uncertificated Principal Balance and, for purposes of satisfying Treasury
        Regulation Section 1.860G-1(a)(4)(iii), the “latest possible maturity date” for
        the indicated class of interests that represents a Regular Interest in REMIC
        VII
        created hereunder:

       

      
        	
                Designation

              	
                Pass-Through
                  Rate

              	
                Initial
                  Uncertificated Principal Balance

              	
                Latest
                  Possible

                Maturity
                  Date(1)

              
	
                IO(2)

              	
                (3)

              	
                (4)

              	
                October
                  25, 2036

              

      

      _______________

      
        	
                (1)

              	
                For
                  purposes of Section 1.860G-1(a)(4)(iii) of the Treasury regulations,
                  the
                  Distribution Date in the month following the maturity date for
                  the Group I
                  Mortgage Loan with the latest maturity date has been designated
                  as the
                  “latest possible maturity date” for REMIC VII Regular Interest
                  IO.

              

      

      
        	
                (2)

              	
                REMIC
                  VII Regular Interest IO will be held as an asset of the Group I
                  Supplemental Interest Trust.

              

      

      
        	
                (3)

              	
                REMIC
                  VII Regular Interest IO will not have a Pass-Through Rate, but
                  will
                  receive 100% of the amounts received in respect of the Class I-IO
                  Interest.

              

      

      
        	
                (4)

              	
                REMIC
                  VII Regular Interest IO will not have an Uncertificated Principal
                  Balance,
                  but will have a notional amount equal to the Uncertificated Notional
                  Amount of the Class I-IO Interest.

              

      

       

       

      REMIC
        VIII

       

      As
        provided herein, the Trustee shall elect to treat the segregated pool of
        assets
        consisting of the Class II-CE Interest as a REMIC for federal income tax
        purposes, and such segregated pool of assets will be designated as “REMIC VIII”.
        The Class II-R-8 Interest represents the sole class of Residual Interests
        in
        REMIC VIII for purposes of the REMIC Provisions.

       

      The
        following table sets forth the Class designation, Pass-Through Rate, Initial
        Certificate Principal Balance and, for purposes of satisfying Treasury
        Regulation Section 1.860G-1(a)(4)(iii), the “latest possible maturity date” for
        the indicated Class of Certificates that represents a Regular Interest in
        REMIC
        VIII created hereunder. The Class II-CE Certificate represents ownership
        of a
        Regular Interest in REMIC VIII and also represents (i) the obligation to
        pay
        certain amounts specified herein in respect of related Basis Risk Shortfall
        Carry Forward Amounts and (ii) the right to receive related Class IO
        Distribution Amounts.

       

      
        	
                Class
                  Designation

              	
                Pass-Through
                  Rate

              	
                Initial
                  Certificate Principal Balance

              	
                Latest
                  Possible

                Maturity
                  Date(1)

              
	
                II-CE

              	
                (2)

              	
                $ 6,884,797.10

              	
                October
                  25, 2036

              

      

      _______________

      
        	
                (1)

              	
                For
                  purposes of Section 1.860G-1(a)(4)(iii) of the Treasury regulations,
                  the
                  Distribution Date in the month following the maturity date for
                  the Group
                  II Mortgage Loan with the latest maturity date has been designated
                  as the
                  “latest possible maturity date” for the Class II-CE
                  Certificates.

              

      

      
        	
                (2)

              	
                The
                  Class II-CE Certificates will receive 100% of the amounts received
                  in
                  respect of the Class II-CE
                  Interest.

              

      

       

       

      REMIC
        IX

       

      As
        provided herein, the Trustee shall elect to treat the segregated pool of
        assets
        consisting of the Class II-P Interest as a REMIC for federal income tax
        purposes, and such segregated pool of assets will be designated as “REMIC IX”.
        The Class II-R-9 Interest represents the sole class of Residual Interests
        in
        REMIC IX for purposes of the REMIC Provisions.

       

      The
        following table sets forth the Class designation, Pass-Through Rate, Initial
        Certificate Principal Balance and, for purposes of satisfying Treasury
        Regulation Section 1.860G-1(a)(4)(iii), the “latest possible maturity date” for
        the indicated Class of Certificates that represents a Regular Interest in
        REMIC
        IX created hereunder:

       

      
        	
                Class
                  Designation

              	
                Pass-Through
                  Rate

              	
                Initial

                Certificate
                  Principal Balance

              	
                Latest
                  Possible

                Maturity
                  Date(1)

              
	
                II-P

              	
                0.00%(2)

              	
                $100.00

              	
                October
                  25, 2036

              

      

      _______________

      
        	
                (1)

              	
                For
                  purposes of Section 1.860G-1(a)(4)(iii) of the Treasury regulations,
                  the
                  Distribution Date in the month following the maturity date for
                  the Group
                  II Mortgage Loan with the latest maturity date has been designated
                  as the
                  “latest possible maturity date” for the Class II-P
                  Certificates.

              

      

      
        	
                (2)

              	
                The
                  Class II-P Certificates will receive 100% of the amounts received
                  in
                  respect of the Class II-P Interest.

              

      

       

       

      REMIC
        X

       

      As
        provided herein, the Trustee shall elect to treat the segregated pool of
        assets
        consisting of the Class II-IO Interest as a REMIC for federal income tax
        purposes, and such segregated pool of assets will be designated as “REMIC X”.
        The Class II-R-10 Interest represents the sole class of Residual Interests
        in
        REMIC X for purposes of the REMIC Provisions.

       

      The
        following table sets forth the designation, Pass-Through Rate, initial
        Uncertificated Principal Balance and, for purposes of satisfying Treasury
        Regulation Section 1.860G-1(a)(4)(iii), the “latest possible maturity date” for
        the indicated class of interests that represents a Regular Interest in REMIC
        X
        created hereunder:

       

      
        	
                Designation

              	
                Pass-Through
                  Rate

              	
                Initial
                  Uncertificated Principal Balance

              	
                Latest
                  Possible

                Maturity
                  Date(1)

              
	
                IO(2)

              	
                (3)

              	
                (4)

              	
                October
                  25, 2036

              

      

      _______________

      
        	
                (1)

              	
                For
                  purposes of Section 1.860G-1(a)(4)(iii) of the Treasury regulations,
                  the
                  Distribution Date in the month following the maturity date for
                  the Group
                  II Mortgage Loan with the latest maturity date has been designated
                  as the
                  “latest possible maturity date” for REMIC X Regular Interest
                  IO.

              

      

      
        	
                (2)

              	
                REMIC
                  X Regular Interest IO will be held as an asset of the Group II
                  Supplemental Interest Trust.

              

      

      
        	
                (3)

              	
                REMIC
                  X Regular Interest IO will not have a Pass-Through Rate, but will
                  receive
                  100% of the amounts received in respect of the Class II-IO
                  Interest.

              

      

      
        	
                (4)

              	
                REMIC
                  X Regular Interest IO will not have an Uncertificated Principal
                  Balance,
                  but will have a notional amount equal to the Uncertificated Notional
                  Amount of the Class II-IO Interest.

              

      

       

      The
        Trust
        Fund shall be named, and may be referred to as, the “Bear Stearns Asset Backed
        Securities I Trust 2006-AQ1.” The Certificates issued hereunder may be referred
        to as “Asset-Backed Certificates, Series 2006-AQ1” (including for purposes of
        any endorsement or assignment of a Mortgage Note or Mortgage).

       

      In
        consideration of the mutual agreements herein contained, the Depositor, the
        Master Servicer, the Seller and the Trustee agree as follows:

       

       

       

      ARTICLE
        I

      DEFINITIONS

       

      Section
        1.01  Defined
        Terms. 

       

      Whenever
        used in this Agreement, the following words and phrases, unless otherwise
        expressly provided or unless the context otherwise requires, shall have the
        meanings specified in this Article:

       

      10-K
        Filing Deadline:
        As
        defined in Section 3.16(a)(iii).

       

      Accepted
        Servicing Practices:
        With
        respect to each Mortgage Loan, those mortgage servicing practices and
        procedures, including prudent collection and loan administration procedures,
        and
        the standard of care (i) employed by prudent mortgage servicers which service
        mortgage loans of the same type as the Mortgage Loans in the jurisdictions
        in
        which the related Mortgage Properties are located or (ii) in accordance with
        the
        Fannie Mae Guide or Freddie Mac Guide, subject to any variances negotiated
        with
        Fannie Mae or Freddie Mac and subject to the express provisions of this
        Agreement. Such standard of care shall not be lower than that the Master
        Servicer customarily employs and exercises in servicing and administering
        similar mortgage loans for its own account and shall be in full compliance
        with
        all federal, state, and local laws, ordinances, rules and
        regulations.

       

      Account:
        The
        Distribution Account, the Reserve Funds, the Group I Swap Account, the Group
        II
        Swap Account, the Class I-P Certificate Account, the Class II-P Certificate
        Account, the Group I Swap Collateral Account, the Group II Swap Collateral
        Account and the Protected Account.

       

      Accrual
        Period:
        With
        respect to the Certificates (other than the Class CE, Class P and the Residual
        Certificates) and any Distribution Date, the period from and including the
        immediately preceding Distribution Date (or with respect to the first Accrual
        Period, the Closing Date) to and including the day prior to such Distribution
        Date. With respect to the Class CE Certificates and the Class CE Interests
        and
        any Distribution Date, the calendar month immediately preceding such
        Distribution Date. All calculations of interest on the Certificates (other
        than
        the Class CE, Class P and the Residual Certificates) will be made on the
        basis
        of the actual number of days elapsed in the related Accrual Period. All
        calculations of interest on the Class CE Interests and the Class CE Certificates
        will be made on the basis of a 360-day year consisting of twelve 30-day
        months.

       

      Additional
        Disclosure:
        As
        defined in Section 3.16(a)(iv).

       

      Additional
        Disclosure Notification:
        The
        form of notice set forth in Exhibit R.

       

      Additional
        Form 10-D Disclosure:
        As
        defined in Section 3.16(a)(i).

       

      Additional
        Form 10-K Disclosure:
        As
        defined in Section 3.16(a)(iii).

       

      Advance:
        An
        advance of delinquent payments of principal or interest in respect of a Mortgage
        Loan required to be made by the Master Servicer as provided in Section 5.01
        hereof.

       

      Affected
        Party:
        An
“Affected Party” as defined in the related Swap Agreement.

       

      Agreement:
        This
        Pooling and Servicing Agreement and any and all amendments or supplements
        hereto
        made in accordance with the terms herein.

       

      Adjustable
        Rate Mortgage Loan:
        Each of
        the Mortgage Loans identified in the Mortgage Loan Schedule as having a Mortgage
        Rate that is subject to adjustment.

       

      Adjustment
        Date:
        With
        respect to each Adjustable Rate Mortgage Loan, the first day of the month
        in
        which the Mortgage Rate of an Adjustable Rate Mortgage Loan changes pursuant
        to
        the related Mortgage Note. The first Adjustment Date following the Cut-off
        Date
        as to each Adjustable Rate Mortgage Loan is set forth in the Mortgage Loan
        Schedule.

       

      Amount
        Held for Future Distribution:
        As to
        any Distribution Date, the aggregate amount held in the Protected Account
        at the
        close of business on the immediately preceding Determination Date on account
        of
        (i) all Scheduled Payments or portions thereof received in respect of the
        Mortgage Loans due after the related Due Period, (ii) Principal Prepayments
        received in respect of such Mortgage Loans after the last day of the related
        Prepayment Period and (iii) Liquidation Proceeds, Subsequent Recoveries and
        Insurance Proceeds received in respect of such Mortgage Loans after the last
        day
        of the prior calendar month.

       

      Annual
        Statement of Compliance:
        As
        defined in Section 3.13.

       

      Applied
        Realized Loss Amount:
        With
        respect to any Distribution Date and a Class of Class A Certificates and
        Class M
        Certificates, the sum of the Realized Losses with respect to the Mortgage
        Loans
        in the related Loan Group which have been applied in reduction of the
        Certificate Principal Balance of a Class of Certificates pursuant to Section
        5.05 of this Agreement which have not previously been reimbursed or reduced
        by
        any Subsequent Recoveries applied to such Applied Realized Loss
        Amount.

       

      Appraised
        Value:
        With
        respect to any Mortgage Loan originated in connection with a refinancing,
        the
        appraised value of the Mortgaged Property based upon the appraisal made at
        the
        time of such refinancing or, with respect to any other Mortgage Loan, the
        lesser
        of (x) the appraised value of the Mortgaged Property based upon the appraisal
        made by a fee appraiser at the time of the origination of the related Mortgage
        Loan, and (y) the sales price of the Mortgaged Property at the time of such
        origination.

       

      Assessment
        of Compliance:
        As
        defined in Section 3.14.

       

      Attesting
        Party:
        As
        defined in Section 3.14.

       

      Attestation
        Report:
        As
        defined in Section 3.14.

       

      Back-Up
        Certification:
        As
        defined in Section 3.16(a)(iii).

       

      Basis
        Risk Shortfall Carry Forward Amount:
        With
        respect to any Distribution Date and any Class of Class A Certificates and
        Class
        M Certificates, an amount equal to the sum of (A) if the Pass-Through Rate
        for
        such Class for such Distribution Date is limited to the related Net Rate
        Cap,
        the excess, if any, of (a) the amount of Current Interest that such Class
        would
        have been entitled to receive on such Distribution Date had the Pass-Though
        Rate
        applicable to such Class been calculated at a per annum rate equal to the
        related One-Month LIBOR Pass-Through Rate, over (b) the amount of Current
        Interest that such Class received on such Distribution Date at the related
        Net
        Rate Cap for such Distribution Date and (B) the Basis Risk Shortfall Carry
        Forward Amount for the previous Distribution Date not previously paid, together
        with interest thereon at a rate equal to the related Pass-Through Rate the
        current Distribution Date.

       

      Bankruptcy
        Code:
        Title
        11 of the United States Code.

       

      Book-Entry
        Certificates:
        Any of
        the Certificates that shall be registered in the name of the Depository or
        its
        nominee, the ownership of which is reflected on the books of the Depository
        or
        on the books of a person maintaining an account with the Depository (directly,
        as a “Depository Participant”, or indirectly, as an indirect participant in
        accordance with the rules of the Depository and as described in Section 6.06).
        As of the Closing Date, each Class of Regular Certificates (other than the
        Class
        CE Certificates and Class P Certificates) constitutes a Class of Book-Entry
        Certificates.

       

      Business
        Day:
        Any day
        other than (i) a Saturday or a Sunday, or (ii) a day on which banking
        institutions in New York, New York, Chicago, Illinois, Minneapolis, Minnesota
        or
        the city in which the Corporate Trust Office of the Trustee or the principal
        office of the Master Servicer is located as authorized or obligated by law
        or
        executive order to be closed.

       

      Certificate:
        Any one
        of the certificates of any Class executed and authenticated by the Trustee
        in
        substantially the forms attached hereto as Exhibits A-1 through
        A-5.

       

      Certificate
        Margin:
        With
        respect to the Class I-1A-1 Certificates and, for purposes of the definition
        of
“One-Month LIBOR Pass-Through Rate”, REMIC III Regular Interest I-1A-1, 0.050%
        per annum.

       

      With
        respect to the Class I-1A-2 Certificates and, for purposes of the definition
        of
“One-Month LIBOR Pass-Through Rate”, REMIC III Regular Interest I-1A-2, 0.150%
        per annum in the case of each Distribution Date through and including the
        first
        possible Group I Optional Termination Date and 0.300% per annum in the case
        of
        each Distribution Date thereafter.

       

      With
        respect to the Class I-1A-3 Certificates and, for purposes of the definition
        of
“One-Month LIBOR Pass-Through Rate”, REMIC III Regular Interest I-1A-3, 0.230%
        per annum in the case of each Distribution Date through and including the
        first
        possible Group I Optional Termination Date and 0.460% per annum in the case
        of
        each Distribution Date thereafter.

       

      With
        respect to the Class I-2A Certificates and, for purposes of the definition
        of
“One-Month LIBOR Pass-Through Rate”, REMIC III Regular Interest I-2A, 0.140% per
        annum in the case of each Distribution Date through and including the first
        possible Group I Optional Termination Date and 0.280% per annum in the case
        of
        each Distribution Date thereafter.

       

      With
        respect to the Class I-M-1 Certificates and, for purposes of the definition
        of
“One-Month LIBOR Pass-Through Rate”, REMIC III Regular Interest I-M-1, 0.270%
        per annum in the case of each Distribution Date through and including the
        first
        possible Group I Optional Termination Date and 0.405% per annum in the case
        of
        each Distribution Date thereafter.

       

      With
        respect to the Class I-M-2 Certificates and, for purposes of the definition
        of
“One-Month LIBOR Pass-Through Rate”, REMIC III Regular Interest I-M-2, 0.290%
        per annum in the case of each Distribution Date through and including the
        first
        possible Group I Optional Termination Date and 0.435% per annum in the case
        of
        each Distribution Date thereafter.

       

      With
        respect to the Class I-M-3 Certificates and, for purposes of the definition
        of
“One-Month LIBOR Pass-Through Rate”, REMIC III Regular Interest I-M-3, 0.320%
        per annum in the case of each Distribution Date through and including the
        first
        possible Group I Optional Termination Date and 0.480% per annum in the case
        of
        each Distribution Date thereafter.

       

      With
        respect to the Class I-M-4 Certificates and, for purposes of the definition
        of
“One-Month LIBOR Pass-Through Rate”, REMIC III Regular Interest I-M-4, 0.380%
        per annum in the case of each Distribution Date through and including the
        first
        possible Group I Optional Termination Date and 0.570% per annum in the case
        of
        each Distribution Date thereafter.

       

      With
        respect to the Class I-M-5 Certificates and, for purposes of the definition
        of
“One-Month LIBOR Pass-Through Rate”, REMIC III Regular Interest I-M-5, 0.400%
        per annum in the case of each Distribution Date through and including the
        first
        possible Group I Optional Termination Date and 0.600% per annum in the case
        of
        each Distribution Date thereafter.

       

      With
        respect to the Class I-M-6 Certificates and, for purposes of the definition
        of
“One-Month LIBOR Pass-Through Rate”, REMIC III Regular Interest I-M-6, 0.450%
        per annum in the case of each Distribution Date through and including the
        first
        possible Group I Optional Termination Date and 0.675% per annum in the case
        of
        each Distribution Date thereafter.

       

      With
        respect to the Class I-M-7 Certificates and, for purposes of the definition
        of
“One-Month LIBOR Pass-Through Rate”, REMIC III Regular Interest I-M-7, 0.850%
        per annum in the case of each Distribution Date through and including the
        first
        possible Group I Optional Termination Date and 1.275% per annum in the case
        of
        each Distribution Date thereafter.

       

      With
        respect to the Class I-M-8 Certificates and, for purposes of the definition
        of
“One-Month LIBOR Pass-Through Rate”, REMIC III Regular Interest I-M-8, 1.250%
        per annum in the case of each Distribution Date through and including the
        first
        possible Group I Optional Termination Date and 1.875% per annum in the case
        of
        each Distribution Date thereafter.

       

      With
        respect to the Class I-M-9 Certificates and, for purposes of the definition
        of
“One-Month LIBOR Pass-Through Rate”, REMIC III Regular Interest I-M-9, 2.150%
        per annum in the case of each Distribution Date through and including the
        first
        possible Group I Optional Termination Date and 3.225% per annum in the case
        of
        each Distribution Date thereafter.

       

      With
        respect to the Class I-M-10 Certificates and, for purposes of the definition
        of
“One-Month LIBOR Pass-Through Rate”, REMIC III Regular Interest I-M-10, 2.500%
        per annum in the case of each Distribution Date through and including the
        first
        possible Group I Optional Termination Date and 3.750% per annum in the case
        of
        each Distribution Date thereafter.

       

      With
        respect to the Class II-A-1 Certificates and, for purposes of the definition
        of
“One-Month LIBOR Pass-Through Rate”, REMIC III Regular Interest II-A-1, 0.080%
        per annum.

       

      With
        respect to the Class II-A-2 Certificates and, for purposes of the definition
        of
“One-Month LIBOR Pass-Through Rate”, REMIC III Regular Interest II-A-2, 0.200%
        per annum in the case of each Distribution Date through and including the
        first
        possible Group II Optional Termination Date and 0.400% per annum in the case
        of
        each Distribution Date thereafter.

       

      With
        respect to the Class II-A-3 Certificates and, for purposes of the definition
        of
“One-Month LIBOR Pass-Through Rate”, REMIC III Regular Interest II-A-3, 0.310%
        per annum in the case of each Distribution Date through and including the
        first
        possible Group II Optional Termination Date and 0.620% per annum in the case
        of
        each Distribution Date thereafter.

       

      With
        respect to the Class II-M-1 Certificates and, for purposes of the definition
        of
“One-Month LIBOR Pass-Through Rate”, REMIC III Regular Interest II-M-1, 0.350%
        per annum in the case of each Distribution Date through and including the
        first
        possible Group II Optional Termination Date and 0.525% per annum in the case
        of
        each Distribution Date thereafter.

       

      With
        respect to the Class II-M-2 Certificates and, for purposes of the definition
        of
“One-Month LIBOR Pass-Through Rate”, REMIC III Regular Interest II-M-2, 0.400%
        per annum in the case of each Distribution Date through and including the
        first
        possible Group II Optional Termination Date and 0.600% per annum in the case
        of
        each Distribution Date thereafter.

       

      With
        respect to the Class II-M-3 Certificates and, for purposes of the definition
        of
“One-Month LIBOR Pass-Through Rate”, REMIC III Regular Interest II-M-3, 0.450%
        per annum in the case of each Distribution Date through and including the
        first
        possible Group II Optional Termination Date and 0.675% per annum in the case
        of
        each Distribution Date thereafter.

       

      With
        respect to the Class II-M-4 Certificates and, for purposes of the definition
        of
“One-Month LIBOR Pass-Through Rate”, REMIC III Regular Interest II-M-4, 0.600%
        per annum in the case of each Distribution Date through and including the
        first
        possible Group II Optional Termination Date and 0.900% per annum in the case
        of
        each Distribution Date thereafter.

       

      With
        respect to the Class II-M-5 Certificates and, for purposes of the definition
        of
“One-Month LIBOR Pass-Through Rate”, REMIC III Regular Interest II-M-5, 0.950%
        per annum in the case of each Distribution Date through and including the
        first
        possible Group II Optional Termination Date and 1.425% per annum in the case
        of
        each Distribution Date thereafter.

       

      With
        respect to the Class II-M-6 Certificates and, for purposes of the definition
        of
“One-Month LIBOR Pass-Through Rate”, REMIC III Regular Interest II-M-6, 1.150%
        per annum in the case of each Distribution Date through and including the
        first
        possible Group II Optional Termination Date and 1.725% per annum in the case
        of
        each Distribution Date thereafter.

       

      With
        respect to the Class II-M-7 Certificates and, for purposes of the definition
        of
“One-Month LIBOR Pass-Through Rate”, REMIC III Regular Interest II-M-7, 2.250%
        per annum in the case of each Distribution Date through and including the
        first
        possible Group II Optional Termination Date and 3.375% per annum in the case
        of
        each Distribution Date thereafter.

       

      With
        respect to the Class II-M-8 Certificates and, for purposes of the definition
        of
“One-Month LIBOR Pass-Through Rate”, REMIC III Regular Interest II-M-8, 2.250%
        per annum in the case of each Distribution Date through and including the
        first
        possible Group II Optional Termination Date and 3.375% per annum in the case
        of
        each Distribution Date thereafter.

       

      With
        respect to the Class II-M-9 Certificates and, for purposes of the definition
        of
“One-Month LIBOR Pass-Through Rate”, REMIC III Regular Interest II-M-9, 2.250%
        per annum in the case of each Distribution Date through and including the
        first
        possible Group II Optional Termination Date and 3.375% per annum in the case
        of
        each Distribution Date thereafter.

       

      With
        respect to the Class II-M-10 Certificates and, for purposes of the definition
        of
“One-Month LIBOR Pass-Through Rate”, REMIC III Regular Interest II-M-10, 2.250%
        per annum in the case of each Distribution Date through and including the
        first
        possible Group II Optional Termination Date and 3.375% per annum in the case
        of
        each Distribution Date thereafter.

       

      Certificate
        Notional Amount:
        With
        respect to the Class I-CE Certificates and any Distribution Date, an amount
        equal to the Stated Principal Balance of the Group I Mortgage Loans as of
        the
        beginning of the related Due Period. The
        initial Certificate Notional Amount of the Class I-CE Certificates shall
        be
        $418,520,489.58.
        For
        federal income tax purposes, the Certificate Notional Amount for the Class
        I-CE
        Certificates for any Distribution Date shall be an amount equal to the
        Uncertificated Notional Amount for the Class I-CE Interest for such Distribution
        Date. With respect to the Class II-CE Certificates and any Distribution Date,
        an
        amount equal to the Stated Principal Balance of the Group II Mortgage Loans
        as
        of the beginning of the related Due Period. The initial Certificate Notional
        Amount of the Class II-CE Certificates shall be $196,676,797.10. For federal
        income tax purposes, the Certificate Notional Amount for the Class II-CE
        Certificates for any Distribution Date shall be an amount equal to the
        Uncertificated Notional Amount for the Class II-CE Interest for such
        Distribution Date.

       

      Certificate
        Owner:
        With
        respect to a Book-Entry Certificate, the Person that is the beneficial owner
        of
        such Book-Entry Certificate.

       

      Certificate
        Principal Balance:
        As to
        any Certificate (other than any Class CE Certificates and any Class R
        Certificates) and as of any Distribution Date, the Initial Certificate Principal
        Balance of such Certificate plus, in the case of a Class I-A Certificate
        and
        Class I-M Certificate, any Subsequent Recoveries added to the Certificate
        Principal Balance of such Certificate pursuant to Section 5.04(a) and in
        the
        case of a Class II-A Certificate and Class II-M Certificate, any Subsequent
        Recoveries added to the Certificate Principal Balance of such Certificate
        pursuant to Section 5.04(b), less the sum of (i) all amounts distributed
        with
        respect to such Certificate in reduction of the Certificate Principal Balance
        thereof on previous Distribution Dates pursuant to Section 5.04, and (ii)
        any
        Applied Realized Loss Amounts allocated to such Certificate on previous
        Distribution Dates. As to the Class I-CE Certificates and as of any Distribution
        Date, an amount equal to the Uncertificated Principal Balance of the Class
        I-CE
        Interest. As to the Class II-CE Certificates and as of any Distribution Date,
        an
        amount equal to the Uncertificated Principal Balance of the Class II-CE
        Interest.

       

      Certificate
        Register:
        The
        register maintained pursuant to Section 6.02 hereof.

       

      Certificateholder
        or Holder:
        The
        person in whose name a Certificate is registered in the Certificate Register
        (initially, Cede & Co., as nominee for the Depository, in the case of any
        Book-Entry Certificates).

       

      Certification
        Parties:
        As
        defined in Section 3.16(a)(iii).

       

      Certifying
        Person:
        As
        defined in Section 3.16(a)(iii).

       

      Class:
        All
        Certificates bearing the same Class designation as set forth in Section 6.01
        hereof.

       

      Class
        A Certificates:
        Any of
        the Class I-1A-1, Class I-1A-2, Class I-1A-3, Class I-2A, Class II-A-1, Class
        II-A-2 and Class II-A-3.

       

      Class
        CE Certificates:
        Any of
        the Class I-CE Certificates and Class II-CE Certificates.

       

      Class
        CE Interest:
        Any of
        the Class I-CE Interest and Class II-CE Interest.

       

      Class
        IO Interest:
        Any of
        the Class I-IO Interest and Class II-IO Interest.

       

      Class
        M Certificates:
        Any of
        the Class I-M-1, Class I-M-2, Class I-M-3, Class I-M-4, Class I-M-5, Class
        I-M-6, Class I-M-7, Class I-M-8, Class I-M-9, Class I-M-10, Class II-M-1,
        Class
        II-M-2, Class II-M-3, Class II-M-4, Class II-M-5, Class II-M-6, Class II-M-7,
        Class II-M-8, Class II-M-9 and Class II-M-10 Certificates.

       

      Class
        P Certificates:
        Any of
        the Class I-P Certificates and Class II-P Certificates.

       

      Class
        P Interest:
        Any of
        the Class I-P Interest and Class II-P Interest.

       

      Class
        R Certificate:
        Any of
        the Class I-R-1, Class I-R-2, Class I-R-3, Class I-RX, Class II-R-1 and Class
        II-RX Certificates.

       

      Class
        I-A Certificates:
        Any of
        the Class I-1A-1, Class I-1A-2, Class I-1A-3 and Class I-2A
        Certificates.

       

      Class
        I-1A Principal Distribution Amount:
        For any
        Distribution Date, an amount equal to the product of the Class I-A Principal
        Distribution Amount and a fraction, the numerator of which is the Principal
        Funds for Subgroup I-1 for such Distribution Date and the denominator of
        which
        is the aggregate Principal Funds for Subgroup I-1 and Subgroup I-2 for such
        Distribution Date.

       

      Class
        I-2A Principal Distribution Amount:
        For any
        Distribution Date, an amount equal to the product of the Class I-A Principal
        Distribution Amount and a fraction, the numerator of which is the Principal
        Funds for Subgroup I-2 for such Distribution Date and the denominator of
        which
        is the aggregate Principal Funds for Subgroup I-1 and Subgroup I-2 for such
        Distribution Date.

       

      Class
        I-A Principal Distribution Amount:
        For any
        Distribution Date, an amount equal to the lesser of (x) the related Principal
        Distribution Amount for such Distribution Date and (y) the excess, if any,
        of
        (i) the aggregate Certificate Principal Balance of the Class I-A Certificates
        immediately prior to such Distribution Date, over (ii) the lesser of (a)
        the
        product of (1) 60.50% and (2) the aggregate Stated Principal Balance of the
        Group I Mortgage Loans as of the last day of the related Due Period (after
        giving effect to scheduled payments of principal due during the related Due
        Period, to the extent received or advanced, and unscheduled collections of
        principal received during the related Prepayment Period, and after reduction
        for
        Realized Losses incurred during the prior calendar month), and (b) the aggregate
        Stated Principal Balance of the Group I Mortgage Loans as of the last day
        of the
        related Due Period (after giving effect to scheduled payments of principal
        due
        during the related Due Period, to the extent received or advanced, and
        unscheduled collections of principal received during the related Prepayment
        Period, and after reduction for Realized Losses incurred during the prior
        calendar month) minus $2,092,602.

       

      Class
        I-1A-1 Certificate:
        Any
        Certificate designated as a “Class I-1A-1 Certificate” on the face thereof, in
        the form of Exhibit A-1 hereto, representing the right to the Percentage
        Interest of distributions provided for the Class I-1A-1 Certificates as set
        forth herein and evidencing (i) a Regular Interest in REMIC IV, (ii) the
        right
        to receive related Basis Risk Shortfall Carry Forward Amounts and (iii) the
        obligation to pay related Class IO Distribution Amounts.

       

      Class
        I-1A-2 Certificate:
        Any
        Certificate designated as a “Class I-1A-2 Certificate” on the face thereof, in
        the form of Exhibit A-1 hereto, representing the right to the Percentage
        Interest of distributions provided for the Class I-1A-2 Certificates as set
        forth herein and evidencing (i) a Regular Interest in REMIC IV, (ii) the
        right
        to receive related Basis Risk Shortfall Carry Forward Amounts and (iii) the
        obligation to pay related Class IO Distribution Amounts.

       

      Class
        I-1A-3 Certificate:
        Any
        Certificate designated as a “Class I-1A-3 Certificate” on the face thereof, in
        the form of Exhibit A-1 hereto, representing the right to the Percentage
        Interest of distributions provided for the Class I-1A-3 Certificates as set
        forth herein and evidencing (i) a Regular Interest in REMIC IV, (ii) the
        right
        to receive related Basis Risk Shortfall Carry Forward Amounts and (iii) the
        obligation to pay related Class IO Distribution Amounts.

       

      Class
        I-2A Certificate:
        Any
        Certificate designated as a “Class I-2A Certificate” on the face thereof, in the
        form of Exhibit A-1 hereto, representing the right to the Percentage Interest
        of
        distributions provided for the Class I-2A Certificates as set forth herein
        and
        evidencing (i) a Regular Interest in REMIC IV, (ii) the right to receive
        related
        Basis Risk Shortfall Carry Forward Amounts and (iii) the obligation to pay
        related Class IO Distribution Amounts.

       

      Class
        I-CE Certificate:
        Any
        Certificate designated as a “Class I-CE Certificate” on the face thereof, in the
        form of Exhibit A-4 hereto, representing the right to its Percentage Interest
        of
        distributions provided for the Class I-CE Certificates herein and evidencing
        (i)
        a Regular Interest in REMIC V, (ii) the obligation to pay related Basis Risk
        Shortfall Carry Forward Amounts and (iii) the right to receive related Class
        IO
        Distribution Amounts.

       

      Class
        I-CE Distribution Amount:
        With
        respect to any Distribution Date, the sum of (i) the Current Interest for
        the
        Class I-CE Interest for such Distribution Date, (ii) any Group I
        Overcollateralization Release Amount for such Distribution Date and (iii)
        without duplication, any Subsequent Recoveries related to Loan Group I not
        distributed to the Class I-A Certificates and Class I-M Certificates on such
        Distribution Date; provided, however that on any Distribution Date after
        the
        Distribution Date on which the Certificate Principal Balances of the Class
        I-A
        Certificates and Class I-M Certificates have been reduced to zero, the Class
        I-CE Distribution Amount shall include the Group I Overcollateralization
        Amount.

       

      Class
        I-CE Interest:
        An
        uncertificated interest in the Trust Fund held by the Trustee on behalf of
        the
        Holders of the Class I-CE Certificates, evidencing a Regular Interest in
        REMIC
        IV for purposes of the REMIC Provisions.

       

      Class
        I-IO Interest:
        An
        uncertificated interest in the Trust Fund held by the Trustee on behalf of
        the
        holders of REMIC VII Regular Interest IO, evidencing a Regular Interest in
        REMIC
        IV for purposes of the REMIC Provisions.

       

      Class
        I-M Certificates:
        Any of
        the Class I-M-1, Class I-M-2, Class I-M-3, Class I-M-4, Class I-M-5, Class
        I-M-6, Class I-M-7, Class I-M-8, Class I-M-9 and Class I-M-10
        Certificates.

       

      Class
        I-M-1 Certificate:
        Any
        Certificate designated as a “Class I-M-1 Certificate” on the face thereof, in
        the form of Exhibit A-2 hereto, representing the right to its Percentage
        Interest of distributions provided for the Class I-M-1 Certificates as set
        forth
        herein and evidencing (i) a Regular Interest in REMIC IV, (ii) the right
        to
        receive related Basis Risk Shortfall Carry Forward Amounts and (iii) the
        obligation to pay related Class IO Distribution Amounts.

       

      Class
        I-M-1 Principal Distribution Amount:
        For any
        Distribution Date, an amount equal to the lesser of (x) the remaining related
        Principal Distribution Amount for such Distribution Date after distribution
        of
        the Class I-A Principal Distribution Amount and (y) the excess, if any, of
        (a)
        the sum of (1) the aggregate Certificate Principal Balance of the Class I-A
        Certificates (after taking into account the distribution of the Class I-A
        Principal Distribution Amount on such Distribution Date) and (2) the Certificate
        Principal Balance of the Class I-M-1 Certificates immediately prior to such
        Distribution Date, over (b) the lesser of (1) the product of (x) 69.80% and
        (y)
        the aggregate Stated Principal Balance of the Group I Mortgage Loans as of
        the
        last day of the related Due Period (after giving effect to scheduled payments
        of
        principal due during the related Due Period, to the extent received or advanced,
        and unscheduled collections of principal received during the related Prepayment
        Period, and after reduction for Realized Losses incurred during the prior
        calendar month), and (2) the aggregate Stated Principal Balance of the Group
        I
        Mortgage Loans as of the last day of the related Due Period (after giving
        effect
        to scheduled payments of principal due during the related Due Period, to
        the
        extent received or advanced, and unscheduled collections of principal received
        during the related Prepayment Period, and after reduction for Realized Losses
        incurred during the prior calendar month) minus $2,092,602.

       

      Class
        I-M-2 Certificate:
        Any
        Certificate designated as a “Class I-M-2 Certificate” on the face thereof, in
        the form of Exhibit A-2 hereto, representing the right to its Percentage
        Interest of distributions provided for the Class I-M-2 Certificates as set
        forth
        herein and evidencing (i) a Regular Interest in REMIC IV, (ii) the right
        to
        receive related Basis Risk Shortfall Carry Forward Amounts and (iii) the
        obligation to pay related Class IO Distribution Amounts.

       

      Class
        I-M-2 Principal Distribution Amount:
        For any
        Distribution Date, an amount equal to the lesser of (x) the remaining related
        Principal Distribution Amount for such Distribution Date after distribution
        of
        the Class I-A Principal Distribution Amount and the Class I-M-1 Principal
        Distribution Amount and (y) the excess, if any, of (a) the sum of (1) the
        aggregate Certificate Principal Balance of the Class I-A Certificates (after
        taking into account the distribution of the Class I-A Principal Distribution
        Amount on such Distribution Date), (2) the Certificate Principal Balance
        of the
        Class I-M-1 Certificates (after taking into account the distribution of the
        Class I-M-1 Principal Distribution Amount on such Distribution Date) and
        (3) the
        Certificate Principal Balance of the Class I-M-2 Certificates immediately
        prior
        to such Distribution Date, over (b) the lesser of (1) the product of (x)
        76.70%
        and (y) the aggregate Stated Principal Balance of the Mortgage Loans in Loan
        Group I as of the last day of the related Due Period (after giving effect
        to
        scheduled payments of principal due during the related Due Period, to the
        extent
        received or advanced, and unscheduled collections of principal received during
        the related Prepayment Period, and after reduction for Realized Losses incurred
        during the prior calendar month), and (2) the aggregate Stated Principal
        Balance
        of the Mortgage Loans in Loan Group I as of the last day of the related Due
        Period (after giving effect to scheduled payments of principal due during
        the
        related Due Period, to the extent received or advanced, and unscheduled
        collections of principal received during the related Prepayment Period, and
        after reduction for Realized Losses incurred during the prior calendar month)
        minus $2,092,602.

       

      Class
        I-M-3 Certificate:
        Any
        Certificate designated as a “Class I-M-3 Certificate” on the face thereof, in
        the form of Exhibit A-2 hereto, representing the right to its Percentage
        Interest of distributions provided for the Class I-M-3 Certificates as set
        forth
        herein and evidencing (i) a Regular Interest in REMIC IV, (ii) the right
        to
        receive related Basis Risk Shortfall Carry Forward Amounts and (iii) the
        obligation to pay related Class IO Distribution Amounts.

       

      Class
        I-M-3 Principal Distribution Amount:
        For any
        Distribution Date, an amount equal to the lesser of (x) the remaining related
        Principal Distribution Amount for such Distribution Date after distribution
        of
        the Class I-A Principal Distribution Amount, the Class I-M-1 Principal
        Distribution Amount and the Class I-M-2 Principal Distribution Amount and
        (y)
        the excess, if any, of (a) the sum of (1) the aggregate Certificate Principal
        Balance of the Class I-A Certificates (after taking into account the
        distribution of the Class I-A Principal Distribution Amount on such Distribution
        Date), (2) the Certificate Principal Balance of the Class I-M-1 Certificates
        (after taking into account the distribution of the Class I-M-1 Principal
        Distribution Amount on such Distribution Date), (3) the Certificate Principal
        Balance of the Class I-M-2 Certificates (after taking into account the
        distribution of the Class I-M-2 Principal Distribution Amount on such
        Distribution Date) and (4) the Certificate Principal Balance of the Class
        I-M-3
        Certificates immediately prior to such Distribution Date, over (b) the lesser
        of
        (1) the product of (x) 80.10% and (y) the aggregate Stated Principal Balance
        of
        the Group I Mortgage Loans as of the last day of the related Due Period (after
        giving effect to scheduled payments of principal due during the related Due
        Period, to the extent received or advanced, and unscheduled collections of
        principal received during the related Prepayment Period, and after reduction
        for
        Realized Losses incurred during the prior calendar month), and (2) the aggregate
        Stated Principal Balance of the Group I Mortgage Loans as of the last day
        of the
        related Due Period (after giving effect to scheduled payments of principal
        due
        during the related Due Period, to the extent received or advanced, and
        unscheduled collections of principal received during the related Prepayment
        Period, and after reduction for Realized Losses incurred during the prior
        calendar month) minus $2,092,602.

       

      Class
        I-M-4 Certificate:
        Any
        Certificate designated as a “Class I-M-4 Certificate” on the face thereof, in
        the form of Exhibit A-2 hereto, representing the right to its Percentage
        Interest of distributions provided for the Class I-M-4 Certificates as set
        forth
        herein and evidencing (i) a Regular Interest in REMIC IV, (ii) the right
        to
        receive related Basis Risk Shortfall Carry Forward Amounts and (iii) the
        obligation to pay related Class IO Distribution Amounts.

       

      Class
        I-M-4 Principal Distribution Amount:
        For any
        Distribution Date, an amount equal to the lesser of (x) the remaining related
        Principal Distribution Amount for such Distribution Date after distribution
        of
        the Class I-A Principal Distribution Amount, the Class I-M-1 Principal
        Distribution Amount, the Class I-M-2 Principal Distribution Amount and the
        Class
        I-M-3 Principal Distribution Amount and (y) the excess, if any, of (a) the
        sum
        of (1) the aggregate Certificate Principal Balance of the Class I-A Certificates
        (after taking into account the distribution of the Class I-A Principal
        Distribution Amount on such Distribution Date), (2) the Certificate Principal
        Balance of the Class I-M-1 Certificates (after taking into account the
        distribution of the Class I-M-1 Principal Distribution Amount on such
        Distribution Date), (3) the Certificate Principal Balance of the Class I-M-2
        Certificates (after taking into account the distribution of the Class I-M-2
        Principal Distribution Amount on such Distribution Date), (4) the Certificate
        Principal Balance of the Class I-M-3 Certificates (after taking into account
        the
        distribution of the Class I-M-3 Principal Distribution Amount on such
        Distribution Date) and (5) the Certificate Principal Balance of the Class
        I-M-4
        Certificates immediately prior to such Distribution Date, over (b) the lesser
        of
        (1) the product of (x) 83.20% and (y) the aggregate Stated Principal Balance
        of
        the Group I Mortgage Loans as of the last day of the related Due Period (after
        giving effect to scheduled payments of principal due during the related Due
        Period, to the extent received or advanced, and unscheduled collections of
        principal received during the related Prepayment Period, and after reduction
        for
        Realized Losses incurred during the prior calendar month), and (2) the aggregate
        Stated Principal Balance of the Group I Mortgage Loans as of the last day
        of the
        related Due Period (after giving effect to scheduled payments of principal
        due
        during the related Due Period, to the extent received or advanced, and
        unscheduled collections of principal received during the related Prepayment
        Period, and after reduction for Realized Losses incurred during the prior
        calendar month) minus $2,092,602.

       

      Class
        I-M-5 Certificate:
        Any
        Certificate designated as a “Class I-M-5 Certificate” on the face thereof, in
        the form of Exhibit A-2 hereto, representing the right to its Percentage
        Interest of distributions provided for the Class I-M-5 Certificates as set
        forth
        herein and evidencing (i) a Regular Interest in REMIC IV, (ii) the right
        to
        receive related Basis Risk Shortfall Carry Forward Amounts and (iii) the
        obligation to pay related Class IO Distribution Amounts.

       

      Class
        I-M-5 Principal Distribution Amount:
        For any
        Distribution Date, an amount equal to the lesser of (x) the remaining related
        Principal Distribution Amount for such Distribution Date after distribution
        of
        the Class I-A Principal Distribution Amount, the Class I-M-1 Principal
        Distribution Amount, the Class I-M-2 Principal Distribution Amount, the Class
        I-M-3 Principal Distribution Amount and the Class I-M-4 Principal Distribution
        Amount and (y) the excess, if any, of (a) the sum of (1) the aggregate
        Certificate Principal Balance of the Class I-A Certificates (after taking
        into
        account the distribution of the Class I-A Principal Distribution Amount on
        such
        Distribution Date), (2) the Certificate Principal Balance of the Class I-M-1
        Certificates (after taking into account the distribution of the Class I-M-1
        Principal Distribution Amount on such Distribution Date), (3) the Certificate
        Principal Balance of the Class I-M-2 Certificates (after taking into account
        the
        distribution of the Class I-M-2 Principal Distribution Amount on such
        Distribution Date), (4) the Certificate Principal Balance of the Class I-M-3
        Certificates (after taking into account the distribution of the Class I-M-3
        Principal Distribution Amount on such Distribution Date), (5) the Certificate
        Principal Balance of the Class I-M-4 Certificates (after taking into account
        the
        distribution of the Class I-M-4 Principal Distribution Amount on such
        Distribution Date) and (6) the Certificate Principal Balance of the Class
        I-M-5
        Certificates immediately prior to such Distribution Date, over (b) the lesser
        of
        (1) the product of (x) 86.20% and (y) the aggregate Stated Principal Balance
        of
        the Group I Mortgage Loans as of the last day of the related Due Period (after
        giving effect to scheduled payments of principal due during the related Due
        Period, to the extent received or advanced, and unscheduled collections of
        principal received during the related Prepayment Period, and after reduction
        for
        Realized Losses incurred during the prior calendar month), and (2) the aggregate
        Stated Principal Balance of the Group I Mortgage Loans as of the last day
        of the
        related Due Period (after giving effect to scheduled payments of principal
        due
        during the related Due Period, to the extent received or advanced, and
        unscheduled collections of principal received during the related Prepayment
        Period, and after reduction for Realized Losses incurred during the prior
        calendar month) minus $2,092,602.

       

      Class
        I-M-6 Certificate:
        Any
        Certificate designated as a “Class I-M-6 Certificate” on the face thereof, in
        the form of Exhibit A-2 hereto, representing the right to its Percentage
        Interest of distributions provided for the Class I-M-6 Certificates as set
        forth
        herein and evidencing (i) a Regular Interest in REMIC IV, (ii) the right
        to
        receive related Basis Risk Shortfall Carry Forward Amounts and (iii) the
        obligation to pay related Class IO Distribution Amounts.

       

      Class
        I-M-6 Principal Distribution Amount:
        For any
        Distribution Date, an amount equal to the lesser of (x) the remaining related
        Principal Distribution Amount for such Distribution Date after distribution
        of
        the Class I-A Principal Distribution Amount, the Class I-M-1 Principal
        Distribution Amount, the Class I-M-2 Principal Distribution Amount, the Class
        I-M-3 Principal Distribution Amount, the Class I-M-4 Principal Distribution
        Amount and the Class I-M-5 Principal Distribution Amount and (y) the excess,
        if
        any, of (a) the sum of (1) the aggregate Certificate Principal Balance of
        the
        Class I-A Certificates (after taking into account the distribution of the
        Class
        I-A Principal Distribution Amount on such Distribution Date), (2) the
        Certificate Principal Balance of the Class I-M-1 Certificates (after taking
        into
        account the distribution of the Class I-M-1 Principal Distribution Amount
        on
        such Distribution Date), (3) the Certificate Principal Balance of the Class
        I-M-2 Certificates (after taking into account the distribution of the Class
        I-M-2 Principal Distribution Amount on such Distribution Date), (4) the
        Certificate Principal Balance of the Class I-M-3 Certificates (after taking
        into
        account the distribution of the Class I-M-3 Principal Distribution Amount
        on
        such Distribution Date), (5) the Certificate Principal Balance of the Class
        I-M-4 Certificates (after taking into account the distribution of the Class
        I-M-4 Principal Distribution Amount on such Distribution Date), (6) the
        Certificate Principal Balance of the Class I-M-5 Certificates (after taking
        into
        account the distribution of the Class I-M-5 Principal Distribution Amount
        on
        such Distribution Date) and (7) the Certificate Principal Balance of the
        Class
        I-M-6 Certificates immediately prior to such Distribution Date, over (b)
        the
        lesser of (1) the product of (x) 88.70% and (y) the aggregate Stated Principal
        Balance of the Group I Mortgage Loans as of the last day of the related Due
        Period (after giving effect to scheduled payments of principal due during
        the
        related Due Period, to the extent received or advanced, and unscheduled
        collections of principal received during the related Prepayment Period, and
        after reduction for Realized Losses incurred during the prior calendar month),
        and (2) the aggregate Stated Principal Balance of the Group I Mortgage Loans
        as
        of the last day of the related Due Period (after giving effect to scheduled
        payments of principal due during the related Due Period, to the extent received
        or advanced, and unscheduled collections of principal received during the
        related Prepayment Period, and after reduction for Realized Losses incurred
        during the prior calendar month) minus $2,092,602.

       

      Class
        I-M-7 Certificate:
        Any
        Certificate designated as a “Class I-M-7 Certificate” on the face thereof, in
        the form of Exhibit A-2 hereto, representing the right to its Percentage
        Interest of distributions provided for the Class I-M-7 Certificates as set
        forth
        herein and evidencing (i) a Regular Interest in REMIC IV, (ii) the right
        to
        receive related Basis Risk Shortfall Carry Forward Amounts and (iii) the
        obligation to pay related Class IO Distribution Amounts.

       

      Class
        I-M-7 Principal Distribution Amount:
        For any
        Distribution Date, an amount equal to the lesser of (x) the remaining related
        Principal Distribution Amount for such Distribution Date after distribution
        of
        the Class I-A Principal Distribution Amount, the Class I-M-1 Principal
        Distribution Amount, the Class I-M-2 Principal Distribution Amount, the Class
        I-M-3 Principal Distribution Amount, the Class I-M-4 Principal Distribution
        Amount, the Class I-M-5 Principal Distribution Amount and the Class I-M-6
        Principal Distribution Amount and (y) the excess, if any, of (a) the sum
        of (1)
        the aggregate Certificate Principal Balance of the Class I-A Certificates
        (after
        taking into account the distribution of the Class I-A Principal Distribution
        Amount on such Distribution Date), (2) the Certificate Principal Balance
        of the
        Class I-M-1 Certificates (after taking into account the distribution of the
        Class I-M-1 Principal Distribution Amount on such Distribution Date), (3)
        the
        Certificate Principal Balance of the Class I-M-2 Certificates (after taking
        into
        account the distribution of the Class I-M-2 Principal Distribution Amount
        on
        such Distribution Date), (4) the Certificate Principal Balance of the Class
        I-M-3 Certificates (after taking into account the distribution of the Class
        I-M-3 Principal Distribution Amount on such Distribution Date), (5) the
        Certificate Principal Balance of the Class I-M-4 Certificates (after taking
        into
        account the distribution of the Class I-M-4 Principal Distribution Amount
        on
        such Distribution Date), (6) the Certificate Principal Balance of the Class
        I-M-5 Certificates (after taking into account the distribution of the Class
        I-M-5 Principal Distribution Amount on such Distribution Date) (7) the
        Certificate Principal Balance of the Class I-M-6 Certificates (after taking
        into
        account the distribution of the Class I-M-6 Principal Distribution Amount
        on
        such Distribution Date) and (8) the Certificate Principal Balance of the
        Class
        I-M-7 Certificates immediately prior to such Distribution Date, over (b)
        the
        lesser of (1) the product of (x) 90.50% and (y) the aggregate Stated Principal
        Balance of the Group I Mortgage Loans as of the last day of the related Due
        Period (after giving effect to scheduled payments of principal due during
        the
        related Due Period, to the extent received or advanced, and unscheduled
        collections of principal received during the related Prepayment Period, and
        after reduction for Realized Losses incurred during the prior calendar month),
        and (2) the aggregate Stated Principal Balance of the Group I Mortgage Loans
        as
        of the last day of the related Due Period (after giving effect to scheduled
        payments of principal due during the related Due Period, to the extent received
        or advanced, and unscheduled collections of principal received during the
        related Prepayment Period, and after reduction for Realized Losses incurred
        during the prior calendar month) minus $2,092,602.

       

      Class
        I-M-8 Certificate:
        Any
        Certificate designated as a “Class I-M-8 Certificate” on the face thereof, in
        the form of Exhibit A-2 hereto, representing the right to its Percentage
        Interest of distributions provided for the Class I-M-8 Certificates as set
        forth
        herein and evidencing (i) a Regular Interest in REMIC IV, (ii) the right
        to
        receive related Basis Risk Shortfall Carry Forward Amounts and (iii) the
        obligation to pay related Class IO Distribution Amounts.

       

      Class
        I-M-8 Principal Distribution Amount:
        For any
        Distribution Date, an amount equal to the lesser of (x) the remaining related
        Principal Distribution Amount for such Distribution Date after distribution
        of
        the Class I-A Principal Distribution Amount, the Class I-M-1 Principal
        Distribution Amount, the Class I-M-2 Principal Distribution Amount, the Class
        I-M-3 Principal Distribution Amount, the Class I-M-4 Principal Distribution
        Amount, the Class I-M-5 Principal Distribution Amount, the Class I-M-6 Principal
        Distribution Amount and the Class I-M-7 Principal Distribution Amount and
        (y)
        the excess, if any, of (a) the sum of (1) the aggregate Certificate Principal
        Balance of the Class I-A Certificates (after taking into account the
        distribution of the Class I-A Principal Distribution Amount on such Distribution
        Date), (2) the Certificate Principal Balance of the Class I-M-1 Certificates
        (after taking into account the distribution of the Class I-M-1 Principal
        Distribution Amount on such Distribution Date), (3) the Certificate Principal
        Balance of the Class I-M-2 Certificates (after taking into account the
        distribution of the Class I-M-2 Principal Distribution Amount on such
        Distribution Date), (4) the Certificate Principal Balance of the Class I-M-3
        Certificates (after taking into account the distribution of the Class I-M-3
        Principal Distribution Amount on such Distribution Date), (5) the Certificate
        Principal Balance of the Class I-M-4 Certificates (after taking into account
        the
        distribution of the Class I-M-4 Principal Distribution Amount on such
        Distribution Date), (6) the Certificate Principal Balance of the Class I-M-5
        Certificates (after taking into account the distribution of the Class I-M-5
        Principal Distribution Amount on such Distribution Date) (7) the Certificate
        Principal Balance of the Class I-M-6 Certificates (after taking into account
        the
        distribution of the Class I-M-6 Principal Distribution Amount on such
        Distribution Date), (8) the Certificate Principal Balance of the Class I-M-7
        Certificates (after taking into account the distribution of the Class I-M-7
        Principal Distribution Amount on such Distribution Date) and (9) the Certificate
        Principal Balance of the Class I-M-8 Certificates immediately prior to such
        Distribution Date, over (b) the lesser of (1) the product of (x) 91.90% and
        (y)
        the aggregate Stated Principal Balance of the Group I Mortgage Loans as of
        the
        last day of the related Due Period (after giving effect to scheduled payments
        of
        principal due during the related Due Period, to the extent received or advanced,
        and unscheduled collections of principal received during the related Prepayment
        Period, and after reduction for Realized Losses incurred during the prior
        calendar month), and (2) the aggregate Stated Principal Balance of the Group
        I
        Mortgage Loans as of the last day of the related Due Period (after giving
        effect
        to scheduled payments of principal due during the related Due Period, to
        the
        extent received or advanced, and unscheduled collections of principal received
        during the related Prepayment Period, and after reduction for Realized Losses
        incurred during the prior calendar month) minus $2,092,602.

       

      Class
        I-M-9 Certificate:
        Any
        Certificate designated as a “Class I-M-9 Certificate” on the face thereof, in
        the form of Exhibit A-2 hereto, representing the right to its Percentage
        Interest of distributions provided for the Class I-M-9 Certificates as set
        forth
        herein and evidencing (i) a Regular Interest in REMIC IV, (ii) the right
        to
        receive related Basis Risk Shortfall Carry Forward Amounts and (iii) the
        obligation to pay related Class IO Distribution Amounts.

       

      Class
        I-M-9 Principal Distribution Amount:
        For any
        Distribution Date, an amount equal to the lesser of (x) the remaining related
        Principal Distribution Amount for such Distribution Date after distribution
        of
        the Class I-A Principal Distribution Amount, the Class I-M-1 Principal
        Distribution Amount, the Class I-M-2 Principal Distribution Amount, the Class
        I-M-3 Principal Distribution Amount, the Class I-M-4 Principal Distribution
        Amount, the Class I-M-5 Principal Distribution Amount, the Class I-M-6 Principal
        Distribution Amount, the Class I-M-7 Principal Distribution Amount and the
        Class
        I-M-8 Principal Distribution Amount and (y) the excess, if any, of (a) the
        sum
        of (1) the aggregate Certificate Principal Balance of the Class I-A Certificates
        (after taking into account the distribution of the Class I-A Principal
        Distribution Amount on such Distribution Date), (2) the Certificate Principal
        Balance of the Class I-M-1 Certificates (after taking into account the
        distribution of the Class I-M-1 Principal Distribution Amount on such
        Distribution Date), (3) the Certificate Principal Balance of the Class I-M-2
        Certificates (after taking into account the distribution of the Class I-M-2
        Principal Distribution Amount on such Distribution Date), (4) the Certificate
        Principal Balance of the Class I-M-3 Certificates (after taking into account
        the
        distribution of the Class I-M-3 Principal Distribution Amount on such
        Distribution Date), (5) the Certificate Principal Balance of the Class I-M-4
        Certificates (after taking into account the distribution of the Class I-M-4
        Principal Distribution Amount on such Distribution Date), (6) the Certificate
        Principal Balance of the Class I-M-5 Certificates (after taking into account
        the
        distribution of the Class I-M-5 Principal Distribution Amount on such
        Distribution Date) (7) the Certificate Principal Balance of the Class I-M-6
        Certificates (after taking into account the distribution of the Class I-M-6
        Principal Distribution Amount on such Distribution Date), (8) the Certificate
        Principal Balance of the Class I-M-7 Certificates (after taking into account
        the
        distribution of the Class I-M-7 Principal Distribution Amount on such
        Distribution Date), (9) the Certificate Principal Balance of the Class I-M-8
        Certificates (after taking into account the distribution of the Class I-M-8
        Principal Distribution Amount on such Distribution Date) and (10) the
        Certificate Principal Balance of the Class I-M-9 Certificates immediately
        prior
        to such Distribution Date, over (b) the lesser of (1) the product of (x)
        94.20%
        and (y) the aggregate Stated Principal Balance of the Group I Mortgage Loans
        as
        of the last day of the related Due Period (after giving effect to scheduled
        payments of principal due during the related Due Period, to the extent received
        or advanced, and unscheduled collections of principal received during the
        related Prepayment Period, and after reduction for Realized Losses incurred
        during the prior calendar month), and (2) the aggregate Stated Principal
        Balance
        of the Group I Mortgage Loans as of the last day of the related Due Period
        (after giving effect to scheduled payments of principal due during the related
        Due Period, to the extent received or advanced, and unscheduled collections
        of
        principal received during the related Prepayment Period, and after reduction
        for
        Realized Losses incurred during the prior calendar month) minus
        $2,092,602.

       

      Class
        I-M-10 Certificate:
        Any
        Certificate designated as a “Class I-M-10 Certificate” on the face thereof, in
        the form of Exhibit A-2 hereto, representing the right to its Percentage
        Interest of distributions provided for the Class I-M-10 Certificates as set
        forth herein and evidencing (i) a Regular Interest in REMIC IV, (ii) the
        right
        to receive related Basis Risk Shortfall Carry Forward Amounts and (iii) the
        obligation to pay related Class IO Distribution Amounts.

       

      Class
        I-M-10 Principal Distribution Amount:
        For any
        Distribution Date, an amount equal to the lesser of (x) the remaining related
        Principal Distribution Amount for such Distribution Date after distribution
        of
        the Class I-A Principal Distribution Amount, the Class I-M-1 Principal
        Distribution Amount, the Class I-M-2 Principal Distribution Amount, the Class
        I-M-3 Principal Distribution Amount, the Class I-M-4 Principal Distribution
        Amount, the Class I-M-5 Principal Distribution Amount, the Class I-M-6 Principal
        Distribution Amount, the Class I-M-7 Principal Distribution Amount, the Class
        I-M-8 Principal Distribution Amount and the Class I-M-9 Principal Distribution
        Amount and (y) the excess, if any, of (a) the sum of (1) the aggregate
        Certificate Principal Balance of the Class I-A Certificates (after taking
        into
        account the distribution of the Class I-A Principal Distribution Amount on
        such
        Distribution Date), (2) the Certificate Principal Balance of the Class I-M-1
        Certificates (after taking into account the distribution of the Class I-M-1
        Principal Distribution Amount on such Distribution Date), (3) the Certificate
        Principal Balance of the Class I-M-2 Certificates (after taking into account
        the
        distribution of the Class I-M-2 Principal Distribution Amount on such
        Distribution Date), (4) the Certificate Principal Balance of the Class I-M-3
        Certificates (after taking into account the distribution of the Class I-M-3
        Principal Distribution Amount on such Distribution Date), (5) the Certificate
        Principal Balance of the Class I-M-4 Certificates (after taking into account
        the
        distribution of the Class I-M-4 Principal Distribution Amount on such
        Distribution Date), (6) the Certificate Principal Balance of the Class I-M-5
        Certificates (after taking into account the distribution of the Class I-M-5
        Principal Distribution Amount on such Distribution Date) (7) the Certificate
        Principal Balance of the Class I-M-6 Certificates (after taking into account
        the
        distribution of the Class I-M-6 Principal Distribution Amount on such
        Distribution Date), (8) the Certificate Principal Balance of the Class I-M-7
        Certificates (after taking into account the distribution of the Class I-M-7
        Principal Distribution Amount on such Distribution Date), (9) the Certificate
        Principal Balance of the Class I-M-8 (after taking into account the distribution
        of the Class I-M-8 Principal Distribution Amount on such Distribution Date),
        (10) the Certificate Principal Balance of the Class I-M-9 Certificates (after
        taking into account the distribution of the Class I-M-9 Principal Distribution
        Amount on such Distribution Date) and (11) the Certificate Principal Balance
        of
        the Class I-M-10 Certificates immediately prior to such Distribution Date,
        over
        (b) the lesser of (1) the product of (x) 96.30% and (y) the aggregate Stated
        Principal Balance of the Group I Mortgage Loans as of the last day of the
        related Due Period (after giving effect to scheduled payments of principal
        due
        during the related Due Period, to the extent received or advanced, and
        unscheduled collections of principal received during the related Prepayment
        Period, and after reduction for Realized Losses incurred during the prior
        calendar month), and (2) the aggregate Stated Principal Balance of the Group
        I
        Mortgage Loans as of the last day of the related Due Period (after giving
        effect
        to scheduled payments of principal due during the related Due Period, to
        the
        extent received or advanced, and unscheduled collections of principal received
        during the related Prepayment Period, and after reduction for Realized Losses
        incurred during the prior calendar month) minus $2,092,602.

       

      Class
        I-P Certificate:
        Any
        Certificate designated as a “Class I-P Certificate” on the face thereof, in the
        form of Exhibit A-3 hereto, representing the right to its Percentage Interest
        of
        distributions provided for the Class I-P Certificates as set forth herein
        and
        evidencing (i) a Regular Interest in REMIC VI and (ii) the right to receive
        any
        Prepayment Charge Waiver Amounts with respect to Loan Group I.

       

      Class
        I-P Interest:
        An
        uncertificated interest in the Trust Fund held by the Trustee on behalf of
        the
        Holders of the Class I-P Certificates, evidencing a Regular Interest in REMIC
        IV
        for purposes of the REMIC Provisions.

       

      Class
        I-P Certificate Account:
        The
        separate Eligible Account created and maintained by the Trustee pursuant
        to
        Section 4.06 in the name of the Trustee for the benefit of the Class I-P
        Certificateholders.

       

      Class
        I-R Certificate:
        Any of
        the Class I-R-1, Class I-R-2, Class I-R-3 and Class I-RX
        Certificates.

       

      Class
        I-R-1 Certificate:
        Any
        Certificate designated a “Class I-R-1 Certificate” on the face thereof, in the
        form set forth in Exhibit A-5 hereto, evidencing the Residual Interest in
        REMIC
        I and representing the right to the Percentage Interest of distributions
        provided for the Class I-R-1 Certificates as set forth herein.

       

      Class
        I-R-2 Certificate:
        Any
        Certificate designated a “Class I-R-2 Certificate” on the face thereof, in the
        form set forth in Exhibit A-5 hereto, evidencing the Residual Interest in
        REMIC
        III and representing the right to the Percentage Interest of distributions
        provided for the Class I-R-2 Certificates as set forth herein.

       

      Class
        I-R-3 Certificate:
        Any
        Certificate designated a “Class I-R-3 Certificate” on the face thereof, in the
        form set forth in Exhibit A-5 hereto, evidencing the Residual Interest in
        REMIC
        IV and representing the right to the Percentage Interest of distributions
        provided for the Class I-R-3 Certificates as set forth herein.

       

      Class
        I-RX Certificate:
        Any
        Certificate designated a “Class I-RX Certificate” on the face thereof, in the
        form set forth in Exhibit A-5 hereto, evidencing the ownership of the Class
        I-R-5 Interest, Class I-R-6 Interest and Class I-R-7 Interest and representing
        the right to the Percentage Interest of distributions provided for the Class
        I-RX Certificates as set forth herein.

       

      Class
        I-R-5 Interest:
        The
        uncertificated Residual Interest in REMIC V.

       

      Class
        I-R-6 Interest:
        The
        uncertificated Residual Interest in REMIC VI.

       

      Class
        I-R-7 Interest:
        The
        uncertificated Residual Interest in REMIC VII.

       

      Class
        II-A Certificates:
        Any of
        the Class II-A-1, Class II-A-2 and Class II-A-3 Certificates.

       

      Class
        II-A Principal Distribution Amount:
        For any
        Distribution Date, an amount equal to the lesser of (x) the related Principal
        Distribution Amount for such Distribution Date and (y) the excess, if any,
        of
        (i) the aggregate Certificate Principal Balance of the Class II-A Certificates
        immediately prior to such Distribution Date, over (ii) the lesser of (a)
        the
        product of (1) 49.60% and (2) the aggregate Stated Principal Balance of the
        Group II Mortgage Loans as of the last day of the related Due Period (after
        giving effect to scheduled payments of principal due during the related Due
        Period, to the extent received or advanced, and unscheduled collections of
        principal received during the related Prepayment Period, and after reduction
        for
        Realized Losses incurred during the prior calendar month), and (b) the aggregate
        Stated Principal Balance of the Group II Mortgage Loans as of the last day
        of
        the related Due Period (after giving effect to scheduled payments of principal
        due during the related Due Period, to the extent received or advanced, and
        unscheduled collections of principal received during the related Prepayment
        Period, and after reduction for Realized Losses incurred during the prior
        calendar month) minus $983,384.

       

      Class
        II-A-1 Certificate:
        Any
        Certificate designated as a “Class II-A-1 Certificate” on the face thereof, in
        the form of Exhibit A-1 hereto, representing the right to the Percentage
        Interest of distributions provided for the Class II-A-1 Certificates as set
        forth herein and evidencing (i) a Regular Interest in REMIC IV, (ii) the
        right
        to receive related Basis Risk Shortfall Carry Forward Amounts and (iii) the
        obligation to pay related Class IO Distribution Amounts.

       

      Class
        II-A-2 Certificate:
        Any
        Certificate designated as a “Class II-A-2 Certificate” on the face thereof, in
        the form of Exhibit A-1 hereto, representing the right to the Percentage
        Interest of distributions provided for the Class II-A-2 Certificates as set
        forth herein and evidencing (i) a Regular Interest in REMIC IV, (ii) the
        right
        to receive related Basis Risk Shortfall Carry Forward Amounts and (iii) the
        obligation to pay related Class IO Distribution Amounts.

       

      Class
        II-A-3 Certificate:
        Any
        Certificate designated as a “Class II-A-3 Certificate” on the face thereof, in
        the form of Exhibit A-1 hereto, representing the right to the Percentage
        Interest of distributions provided for the Class II-A-3 Certificates as set
        forth herein and evidencing (i) a Regular Interest in REMIC IV, (ii) the
        right
        to receive related Basis Risk Shortfall Carry Forward Amounts and (iii) the
        obligation to pay related Class IO Distribution Amounts

       

      Class
        II-CE Certificate:
        Any
        Certificate designated as a “Class II-CE Certificate” on the face thereof, in
        the form of Exhibit A-4 hereto, representing the right to its Percentage
        Interest of distributions provided for the Class II-CE Certificates herein
        and
        evidencing (i) a Regular Interest in REMIC VIII, (ii) the obligation to pay
        related Basis Risk Shortfall Carry Forward Amounts and (iii) the right to
        receive related Class IO Distribution Amounts.

       

      Class
        II-CE Distribution Amount:
        With
        respect to any Distribution Date, the sum of (i) the Current Interest for
        the
        Class II-CE Interest for such Distribution Date, (ii) any Group II
        Overcollateralization Release Amount for such Distribution Date and (iii)
        without duplication, any Subsequent Recoveries related to Loan Group II not
        distributed to the Class II-A Certificates and Class II-M Certificates on
        such
        Distribution Date; provided, however, on any Distribution Date after the
        Distribution Date on which the Certificate Principal Balances of the Class
        II-A
        Certificates and Class II-M Certificates have been reduced to zero, the Class
        II-CE Distribution Amount shall include the Group II Overcollateralization
        Amount.

       

      Class
        II-CE Interest:
        An
        uncertificated interest in the Trust Fund held by the Trustee on behalf of
        the
        Holders of the Class II-CE Certificates, evidencing a Regular Interest in
        REMIC
        IV for purposes of the REMIC Provisions.

       

      Class
        II-IO Interest:
        An
        uncertificated interest in the Trust Fund held by the Trustee on behalf of
        the
        holders of REMIC X Regular Interest IO, evidencing a Regular Interest in
        REMIC
        IV for purposes of the REMIC Provisions.

       

      Class
        II-M Certificates:
        Any of
        the Class II-M-1, Class II-M-2, Class II-M-3, Class II-M-4, Class II-M-5,
        Class
        II-M-6, Class II-M-7, Class II-M-8, Class II-M-9 and Class II-M-10
        Certificates.

       

      Class
        II-M-1 Certificate:
        Any
        Certificate designated as a “Class II-M-1 Certificate” on the face thereof, in
        the form of Exhibit A-2 hereto, representing the right to its Percentage
        Interest of distributions provided for the Class II-M-1 Certificates as set
        forth herein and evidencing (i) a Regular Interest in REMIC IV, (ii) the
        right
        to receive related Basis Risk Shortfall Carry Forward Amounts and (iii) the
        obligation to pay related Class IO Distribution Amounts.

       

      Class
        II-M-1 Principal Distribution Amount:
        For any
        Distribution Date, an amount equal to the lesser of (x) the remaining related
        Principal Distribution Amount for such Distribution Date after distribution
        of
        the Class II-A Principal Distribution Amount and (y) the excess, if any,
        of (a)
        the sum of (1) the aggregate Certificate Principal Balance of the Class II-A
        Certificates (after taking into account the distribution of the Class II-A
        Principal Distribution Amount on such Distribution Date) and (2) the Certificate
        Principal Balance of the Class II-M-1 Certificates immediately prior to such
        Distribution Date, over (b) the lesser of (1) the product of (x) 57.80% and
        (y)
        the aggregate Stated Principal Balance of the Group II Mortgage Loans as
        of the
        last day of the related Due Period (after giving effect to scheduled payments
        of
        principal due during the related Due Period, to the extent received or advanced,
        and unscheduled collections of principal received during the related Prepayment
        Period, and after reduction for Realized Losses incurred during the prior
        calendar month), and (2) the aggregate Stated Principal Balance of the Group
        II
        Mortgage Loans as of the last day of the related Due Period (after giving
        effect
        to scheduled payments of principal due during the related Due Period, to
        the
        extent received or advanced, and unscheduled collections of principal received
        during the related Prepayment Period, and after reduction for Realized Losses
        incurred during the prior calendar month) minus $983,384.

       

      Class
        II-M-2 Certificate:
        Any
        Certificate designated as a “Class II-M-2 Certificate” on the face thereof, in
        the form of Exhibit A-2 hereto, representing the right to its Percentage
        Interest of distributions provided for the Class II-M-2 Certificates as set
        forth herein and evidencing (i) a Regular Interest in REMIC IV(ii) the right
        to
        receive related Basis Risk Shortfall Carry Forward Amounts and (iii) the
        obligation to pay related Class IO Distribution Amounts.

       

      Class
        II-M-2 Principal Distribution Amount:
        For any
        Distribution Date, an amount equal to the lesser of (x) the remaining related
        Principal Distribution Amount for such Distribution Date after distribution
        of
        the Class II-A Principal Distribution Amount and the Class II-M-1 Principal
        Distribution Amount and (y) the excess, if any, of (a) the sum of (1) the
        aggregate Certificate Principal Balance of the Class II-A Certificates (after
        taking into account the distribution of the Class II-A Principal Distribution
        Amount on such Distribution Date), (2) the Certificate Principal Balance
        of the
        Class II-M-1 Certificates (after taking into account the distribution of
        the
        Class II-M-1 Principal Distribution Amount on such Distribution Date) and
        (3)
        the Certificate Principal Balance of the Class II-M-2 Certificates immediately
        prior to such Distribution Date, over (b) the lesser of (1) the product of
        (x)
        65.50% and (y) the aggregate Stated Principal Balance of the Group II Mortgage
        Loans as of the last day of the related Due Period (after giving effect to
        scheduled payments of principal due during the related Due Period, to the
        extent
        received or advanced, and unscheduled collections of principal received during
        the related Prepayment Period, and after reduction for Realized Losses incurred
        during the prior calendar month), and (2) the aggregate Stated Principal
        Balance
        of the Group II Mortgage Loans as of the last day of the related Due Period
        (after giving effect to scheduled payments of principal due during the related
        Due Period, to the extent received or advanced, and unscheduled collections
        of
        principal received during the related Prepayment Period, and after reduction
        for
        Realized Losses incurred during the prior calendar month) minus
        $983,384.

       

      Class
        II-M-3 Certificate:
        Any
        Certificate designated as a “Class II-M-3 Certificate” on the face thereof, in
        the form of Exhibit A-2 hereto, representing the right to its Percentage
        Interest of distributions provided for the Class II-M-3 Certificates as set
        forth herein and evidencing (i) a Regular Interest in REMIC IV, (ii) the
        right
        to receive related Basis Risk Shortfall Carry Forward Amounts and (iii) the
        obligation to pay related Class IO Distribution Amounts.

       

      Class
        II-M-3 Principal Distribution Amount:
        For any
        Distribution Date, an amount equal to the lesser of (x) the remaining related
        Principal Distribution Amount for such Distribution Date after distribution
        of
        the Class II-A Principal Distribution Amount, the Class II-M-1 Principal
        Distribution Amount and the Class II-M-2 Principal Distribution Amount and
        (y)
        the excess, if any, of (a) the sum of (1) the aggregate Certificate Principal
        Balance of the Class II-A Certificates (after taking into account the
        distribution of the Class II-A Principal Distribution Amount on such
        Distribution Date), (2) the Certificate Principal Balance of the Class II-M-1
        Certificates (after taking into account the distribution of the Class II-M-1
        Principal Distribution Amount on such Distribution Date), (3) the Certificate
        Principal Balance of the Class II-M-2 Certificates (after taking into account
        the distribution of the Class II-M-2 Principal Distribution Amount on such
        Distribution Date) and (4) the Certificate Principal Balance of the Class
        II-M-3
        Certificates immediately prior to such Distribution Date, over (b) the lesser
        of
        (1) the product of (x) 70.10% and (y) the aggregate Stated Principal Balance
        of
        the Group II Mortgage Loans as of the last day of the related Due Period
        (after
        giving effect to scheduled payments of principal due during the related Due
        Period, to the extent received or advanced, and unscheduled collections of
        principal received during the related Prepayment Period, and after reduction
        for
        Realized Losses incurred during the prior calendar month), and (2) the aggregate
        Stated Principal Balance of the Group II Mortgage Loans as of the last day
        of
        the related Due Period (after giving effect to scheduled payments of principal
        due during the related Due Period, to the extent received or advanced, and
        unscheduled collections of principal received during the related Prepayment
        Period, and after reduction for Realized Losses incurred during the prior
        calendar month) minus $983,384.

       

      Class
        II-M-4 Certificate:
        Any
        Certificate designated as a “Class II-M-4 Certificate” on the face thereof, in
        the form of Exhibit A-2 hereto, representing the right to its Percentage
        Interest of distributions provided for the Class II-M-4 Certificates as set
        forth herein and evidencing (i) a Regular Interest in REMIC IV, (ii) the
        right
        to receive related Basis Risk Shortfall Carry Forward Amounts and (iii) the
        obligation to pay related Class IO Distribution Amounts.

       

      Class
        II-M-4 Principal Distribution Amount:
        For any
        Distribution Date, an amount equal to the lesser of (x) the remaining related
        Principal Distribution Amount for such Distribution Date after distribution
        of
        the Class II-A Principal Distribution Amount, the Class II-M-1 Principal
        Distribution Amount, the Class II-M-2 Principal Distribution Amount and the
        Class II-M-3 Principal Distribution Amount and (y) the excess, if any, of
        (a)
        the sum of (1) the aggregate Certificate Principal Balance of the Class II-A
        Certificates (after taking into account the distribution of the Class II-A
        Principal Distribution Amount on such Distribution Date), (2) the Certificate
        Principal Balance of the Class II-M-1 Certificates (after taking into account
        the distribution of the Class II-M-1 Principal Distribution Amount on such
        Distribution Date), (3) the Certificate Principal Balance of the Class II-M-2
        Certificates (after taking into account the distribution of the Class II-M-2
        Principal Distribution Amount on such Distribution Date), (4) the Certificate
        Principal Balance of the Class II-M-3 Certificates (after taking into account
        the distribution of the Class II-M-3 Principal Distribution Amount on such
        Distribution Date) and (5) the Certificate Principal Balance of the Class
        II-M-4
        Certificates immediately prior to such Distribution Date, over (b) the lesser
        of
        (1) the product of (x) 74.20% and (y) the aggregate Stated Principal Balance
        of
        the Group II Mortgage Loans as of the last day of the related Due Period
        (after
        giving effect to scheduled payments of principal due during the related Due
        Period, to the extent received or advanced, and unscheduled collections of
        principal received during the related Prepayment Period, and after reduction
        for
        Realized Losses incurred during the prior calendar month), and (2) the aggregate
        Stated Principal Balance of the Group II Mortgage Loans as of the last day
        of
        the related Due Period (after giving effect to scheduled payments of principal
        due during the related Due Period, to the extent received or advanced, and
        unscheduled collections of principal received during the related Prepayment
        Period, and after reduction for Realized Losses incurred during the prior
        calendar month) minus $983,384.

       

      Class
        II-M-5 Certificate:
        Any
        Certificate designated as a “Class II-M-5 Certificate” on the face thereof, in
        the form of Exhibit A-2 hereto, representing the right to its Percentage
        Interest of distributions provided for the Class II-M-5 Certificates as set
        forth herein and evidencing (i) a Regular Interest in REMIC IV, (ii) the
        right
        to receive related Basis Risk Shortfall Carry Forward Amounts and (iii) the
        obligation to pay related Class IO Distribution Amounts.

       

      Class
        II-M-5 Principal Distribution Amount:
        For any
        Distribution Date, an amount equal to the lesser of (x) the remaining related
        Principal Distribution Amount for such Distribution Date after distribution
        of
        the Class II-A Principal Distribution Amount, the Class II-M-1 Principal
        Distribution Amount, the Class II-M-2 Principal Distribution Amount, the
        Class
        II-M-3 Principal Distribution Amount and the Class II-M-4 Principal Distribution
        Amount and (y) the excess, if any, of (a) the sum of (1) the aggregate
        Certificate Principal Balance of the Class II-A Certificates (after taking
        into
        account the distribution of the Class II-A Principal Distribution Amount
        on such
        Distribution Date), (2) the Certificate Principal Balance of the Class II-M-1
        Certificates (after taking into account the distribution of the Class II-M-1
        Principal Distribution Amount on such Distribution Date), (3) the Certificate
        Principal Balance of the Class II-M-2 Certificates (after taking into account
        the distribution of the Class II-M-2 Principal Distribution Amount on such
        Distribution Date), (4) the Certificate Principal Balance of the Class II-M-3
        Certificates (after taking into account the distribution of the Class II-M-3
        Principal Distribution Amount on such Distribution Date), (5) the Certificate
        Principal Balance of the Class II-M-4 Certificates (after taking into account
        the distribution of the Class II-M-4 Principal Distribution Amount on such
        Distribution Date) and (6) the Certificate Principal Balance of the Class
        II-M-5
        Certificates immediately prior to such Distribution Date, over (b) the lesser
        of
        (1) the product of (x) 78.00% and (y) the aggregate Stated Principal Balance
        of
        the Group II Mortgage Loans as of the last day of the related Due Period
        (after
        giving effect to scheduled payments of principal due during the related Due
        Period, to the extent received or advanced, and unscheduled collections of
        principal received during the related Prepayment Period, and after reduction
        for
        Realized Losses incurred during the prior calendar month), and (2) the aggregate
        Stated Principal Balance of the Group II Mortgage Loans as of the last day
        of
        the related Due Period (after giving effect to scheduled payments of principal
        due during the related Due Period, to the extent received or advanced, and
        unscheduled collections of principal received during the related Prepayment
        Period, and after reduction for Realized Losses incurred during the prior
        calendar month) minus $983,384.

       

      Class
        II-M-6 Certificate:
        Any
        Certificate designated as a “Class II-M-6 Certificate” on the face thereof, in
        the form of Exhibit A-2 hereto, representing the right to its Percentage
        Interest of distributions provided for the Class II-M-6 Certificates as set
        forth herein and evidencing (i) a Regular Interest in REMIC IV, (ii) the
        right
        to receive related Basis Risk Shortfall Carry Forward Amounts and (iii) the
        obligation to pay related Class IO Distribution Amounts.

       

      Class
        II-M-6 Principal Distribution Amount:
        For any
        Distribution Date, an amount equal to the lesser of (x) the remaining related
        Principal Distribution Amount for such Distribution Date after distribution
        of
        the Class II-A Principal Distribution Amount, the Class II-M-1 Principal
        Distribution Amount, the Class II-M-2 Principal Distribution Amount, the
        Class
        II-M-3 Principal Distribution Amount, the Class II-M-4 Principal Distribution
        Amount and the Class II-M-5 Principal Distribution Amount and (y) the excess,
        if
        any, of (a) the sum of (1) the aggregate Certificate Principal Balance of
        the
        Class II-A Certificates (after taking into account the distribution of the
        Class
        II-A Principal Distribution Amount on such Distribution Date), (2) the
        Certificate Principal Balance of the Class II-M-1 Certificates (after taking
        into account the distribution of the Class II-M-1 Principal Distribution
        Amount
        on such Distribution Date), (3) the Certificate Principal Balance of the
        Class
        II-M-2 Certificates (after taking into account the distribution of the Class
        II-M-2 Principal Distribution Amount on such Distribution Date), (4) the
        Certificate Principal Balance of the Class II-M-3 Certificates (after taking
        into account the distribution of the Class II-M-3 Principal Distribution
        Amount
        on such Distribution Date), (5) the Certificate Principal Balance of the
        Class
        II-M-4 Certificates (after taking into account the distribution of the Class
        II-M-4 Principal Distribution Amount on such Distribution Date), (6) the
        Certificate Principal Balance of the Class II-M-5 Certificates (after taking
        into account the distribution of the Class II-M-5 Principal Distribution
        Amount
        on such Distribution Date) and (7) the Certificate Principal Balance of the
        Class II-M-6 Certificates immediately prior to such Distribution Date, over
        (b)
        the lesser of (1) the product of (x) 81.40% and (y) the aggregate Stated
        Principal Balance of the Group II Mortgage Loans as of the last day of the
        related Due Period (after giving effect to scheduled payments of principal
        due
        during the related Due Period, to the extent received or advanced, and
        unscheduled collections of principal received during the related Prepayment
        Period, and after reduction for Realized Losses incurred during the prior
        calendar month), and (2) the aggregate Stated Principal Balance of the Group
        II
        Mortgage Loans as of the last day of the related Due Period (after giving
        effect
        to scheduled payments of principal due during the related Due Period, to
        the
        extent received or advanced, and unscheduled collections of principal received
        during the related Prepayment Period, and after reduction for Realized Losses
        incurred during the prior calendar month) minus $983,384.

       

      Class
        II-M-7 Certificate:
        Any
        Certificate designated as a “Class II-M-7 Certificate” on the face thereof, in
        the form of Exhibit A-2 hereto, representing the right to its Percentage
        Interest of distributions provided for the Class II-M-7 Certificates as set
        forth herein and evidencing (i) a Regular Interest in REMIC IV, (ii) the
        right
        to receive related Basis Risk Shortfall Carry Forward Amounts and (iii) the
        obligation to pay related Class IO Distribution Amounts.

       

      Class
        II-M-7 Principal Distribution Amount:
        For any
        Distribution Date, an amount equal to the lesser of (x) the remaining related
        Principal Distribution Amount for such Distribution Date after distribution
        of
        the Class II-A Principal Distribution Amount, the Class II-M-1 Principal
        Distribution Amount, the Class II-M-2 Principal Distribution Amount, the
        Class
        II-M-3 Principal Distribution Amount, the Class II-M-4 Principal Distribution
        Amount, the Class II-M-5 Principal Distribution Amount and the Class II-M-6
        Principal Distribution Amount and (y) the excess, if any, of (a) the sum
        of (1)
        the aggregate Certificate Principal Balance of the Class II-A Certificates
        (after taking into account the distribution of the Class II-A Principal
        Distribution Amount on such Distribution Date), (2) the Certificate Principal
        Balance of the Class II-M-1 Certificates (after taking into account the
        distribution of the Class II-M-1 Principal Distribution Amount on such
        Distribution Date), (3) the Certificate Principal Balance of the Class II-M-2
        Certificates (after taking into account the distribution of the Class II-M-2
        Principal Distribution Amount on such Distribution Date), (4) the Certificate
        Principal Balance of the Class II-M-3 Certificates (after taking into account
        the distribution of the Class II-M-3 Principal Distribution Amount on such
        Distribution Date), (5) the Certificate Principal Balance of the Class II-M-4
        Certificates (after taking into account the distribution of the Class II-M-4
        Principal Distribution Amount on such Distribution Date), (6) the Certificate
        Principal Balance of the Class II-M-5 Certificates (after taking into account
        the distribution of the Class II-M-5 Principal Distribution Amount on such
        Distribution Date) (7) the Certificate Principal Balance of the Class II-M-6
        Certificates (after taking into account the distribution of the Class II-M-6
        Principal Distribution Amount on such Distribution Date) and (8) the Certificate
        Principal Balance of the Class II-M-7 Certificates immediately prior to such
        Distribution Date, over (b) the lesser of (1) the product of (x) 84.60% and
        (y)
        the aggregate Stated Principal Balance of the Group II Mortgage Loans as
        of the
        last day of the related Due Period (after giving effect to scheduled payments
        of
        principal due during the related Due Period, to the extent received or advanced,
        and unscheduled collections of principal received during the related Prepayment
        Period, and after reduction for Realized Losses incurred during the prior
        calendar month), and (2) the aggregate Stated Principal Balance of the Group
        II
        Mortgage Loans as of the last day of the related Due Period (after giving
        effect
        to scheduled payments of principal due during the related Due Period, to
        the
        extent received or advanced, and unscheduled collections of principal received
        during the related Prepayment Period, and after reduction for Realized Losses
        incurred during the prior calendar month) minus $983,384.

       

      Class
        II-M-8 Certificate:
        Any
        Certificate designated as a “Class II-M-8 Certificate” on the face thereof, in
        the form of Exhibit A-2 hereto, representing the right to its Percentage
        Interest of distributions provided for the Class II-M-8 Certificates as set
        forth herein and evidencing (i) a Regular Interest in REMIC IV, (ii) the
        right
        to receive related Basis Risk Shortfall Carry Forward Amounts and (iii) the
        obligation to pay related Class IO Distribution Amounts.

       

      Class
        II-M-8 Principal Distribution Amount:
        For any
        Distribution Date, an amount equal to the lesser of (x) the remaining related
        Principal Distribution Amount for such Distribution Date after distribution
        of
        the Class II-A Principal Distribution Amount, the Class II-M-1 Principal
        Distribution Amount, the Class II-M-2 Principal Distribution Amount, the
        Class
        II-M-3 Principal Distribution Amount, the Class II-M-4 Principal Distribution
        Amount, the Class II-M-5 Principal Distribution Amount, the Class II-M-6
        Principal Distribution Amount and the Class II-M-7 Principal Distribution
        Amount
        and (y) the excess, if any, of (a) the sum of (1) the aggregate Certificate
        Principal Balance of the Class II-A Certificates (after taking into account
        the
        distribution of the Class II-A Principal Distribution Amount on such
        Distribution Date), (2) the Certificate Principal Balance of the Class II-M-1
        Certificates (after taking into account the distribution of the Class II-M-1
        Principal Distribution Amount on such Distribution Date), (3) the Certificate
        Principal Balance of the Class II-M-2 Certificates (after taking into account
        the distribution of the Class II-M-2 Principal Distribution Amount on such
        Distribution Date), (4) the Certificate Principal Balance of the Class II-M-3
        Certificates (after taking into account the distribution of the Class II-M-3
        Principal Distribution Amount on such Distribution Date), (5) the Certificate
        Principal Balance of the Class II-M-4 Certificates (after taking into account
        the distribution of the Class II-M-4 Principal Distribution Amount on such
        Distribution Date), (6) the Certificate Principal Balance of the Class II-M-5
        Certificates (after taking into account the distribution of the Class II-M-5
        Principal Distribution Amount on such Distribution Date) (7) the Certificate
        Principal Balance of the Class II-M-6 Certificates (after taking into account
        the distribution of the Class II-M-6 Principal Distribution Amount on such
        Distribution Date), (8) the Certificate Principal Balance of the Class II-M-7
        Certificates (after taking into account the distribution of the Class II-M-7
        Principal Distribution Amount on such Distribution Date) and (9) the Certificate
        Principal Balance of the Class II-M-8 Certificates immediately prior to such
        Distribution Date, over (b) the lesser of (1) the product of (x) 87.40% and
        (y)
        the aggregate Stated Principal Balance of the Group II Mortgage Loans as
        of the
        last day of the related Due Period (after giving effect to scheduled payments
        of
        principal due during the related Due Period, to the extent received or advanced,
        and unscheduled collections of principal received during the related Prepayment
        Period, and after reduction for Realized Losses incurred during the prior
        calendar month), and (2) the aggregate Stated Principal Balance of the Group
        II
        Mortgage Loans as of the last day of the related Due Period (after giving
        effect
        to scheduled payments of principal due during the related Due Period, to
        the
        extent received or advanced, and unscheduled collections of principal received
        during the related Prepayment Period, and after reduction for Realized Losses
        incurred during the prior calendar month) minus $983,384.

       

      Class
        II-M-9 Certificate:
        Any
        Certificate designated as a “Class II-M-9 Certificate” on the face thereof, in
        the form of Exhibit A-2 hereto, representing the right to its Percentage
        Interest of distributions provided for the Class II-M-9 Certificates as set
        forth herein and evidencing (i) a Regular Interest in REMIC IV, (ii) the
        right
        to receive related Basis Risk Shortfall Carry Forward Amounts and (iii) the
        obligation to pay related Class IO Distribution Amounts.

       

      Class
        II-M-9 Principal Distribution Amount:
        For any
        Distribution Date, an amount equal to the lesser of (x) the remaining related
        Principal Distribution Amount for such Distribution Date after distribution
        of
        the Class II-A Principal Distribution Amount, the Class II-M-1 Principal
        Distribution Amount, the Class II-M-2 Principal Distribution Amount, the
        Class
        II-M-3 Principal Distribution Amount, the Class II-M-4 Principal Distribution
        Amount, the Class II-M-5 Principal Distribution Amount, the Class II-M-6
        Principal Distribution Amount, the Class II-M-7 Principal Distribution Amount
        and the Class II-M-8 Principal Distribution Amount and (y) the excess, if
        any,
        of (a) the sum of (1) the aggregate Certificate Principal Balance of the
        Class
        II-A Certificates (after taking into account the distribution of the Class
        II-A
        Principal Distribution Amount on such Distribution Date), (2) the Certificate
        Principal Balance of the Class II-M-1 Certificates (after taking into account
        the distribution of the Class II-M-1 Principal Distribution Amount on such
        Distribution Date), (3) the Certificate Principal Balance of the Class II-M-2
        Certificates (after taking into account the distribution of the Class II-M-2
        Principal Distribution Amount on such Distribution Date), (4) the Certificate
        Principal Balance of the Class II-M-3 Certificates (after taking into account
        the distribution of the Class II-M-3 Principal Distribution Amount on such
        Distribution Date), (5) the Certificate Principal Balance of the Class II-M-4
        Certificates (after taking into account the distribution of the Class II-M-4
        Principal Distribution Amount on such Distribution Date), (6) the Certificate
        Principal Balance of the Class II-M-5 Certificates (after taking into account
        the distribution of the Class II-M-5 Principal Distribution Amount on such
        Distribution Date) (7) the Certificate Principal Balance of the Class II-M-6
        Certificates (after taking into account the distribution of the Class II-M-6
        Principal Distribution Amount on such Distribution Date), (8) the Certificate
        Principal Balance of the Class II-M-7 Certificates (after taking into account
        the distribution of the Class II-M-7 Principal Distribution Amount on such
        Distribution Date), (9) the Certificate Principal Balance of the Class II-M-8
        Certificates (after taking into account the distribution of the Class II-M-8
        Principal Distribution Amount on such Distribution Date) and (10) the
        Certificate Principal Balance of the Class II-M-9 Certificates immediately
        prior
        to such Distribution Date, over (b) the lesser of (1) the product of (x)
        90.00%
        and (y) the aggregate Stated Principal Balance of the Group II Mortgage Loans
        as
        of the last day of the related Due Period (after giving effect to scheduled
        payments of principal due during the related Due Period, to the extent received
        or advanced, and unscheduled collections of principal received during the
        related Prepayment Period, and after reduction for Realized Losses incurred
        during the prior calendar month), and (2) the aggregate Stated Principal
        Balance
        of the Group II Mortgage Loans as of the last day of the related Due Period
        (after giving effect to scheduled payments of principal due during the related
        Due Period, to the extent received or advanced, and unscheduled collections
        of
        principal received during the related Prepayment Period, and after reduction
        for
        Realized Losses incurred during the prior calendar month) minus
        $983,384.

       

      Class
        II-M-10 Certificate:
        Any
        Certificate designated as a “Class II-M-10 Certificate” on the face thereof, in
        the form of Exhibit A-2 hereto, representing the right to its Percentage
        Interest of distributions provided for the Class II-M-10 Certificates as
        set
        forth herein and evidencing (i) a Regular Interest in REMIC IV, (ii) the
        right
        to receive related Basis Risk Shortfall Carry Forward Amounts and (iii) the
        obligation to pay related Class IO Distribution Amounts.

       

      Class
        II-M-10 Principal Distribution Amount:
        For any
        Distribution Date, an amount equal to the lesser of (x) the remaining related
        Principal Distribution Amount for such Distribution Date after distribution
        of
        the Class II-A Principal Distribution Amount, the Class II-M-1 Principal
        Distribution Amount, the Class II-M-2 Principal Distribution Amount, the
        Class
        II-M-3 Principal Distribution Amount, the Class II-M-4 Principal Distribution
        Amount, the Class II-M-5 Principal Distribution Amount, the Class II-M-6
        Principal Distribution Amount, the Class II-M-7 Principal Distribution Amount,
        the Class II-M-8 Principal Distribution Amount and the Class II-M-9 Principal
        Distribution Amount and (y) the excess, if any, of (a) the sum of (1) the
        aggregate Certificate Principal Balance of the Class II-A Certificates (after
        taking into account the distribution of the Class II-A Principal Distribution
        Amount on such Distribution Date), (2) the Certificate Principal Balance
        of the
        Class II-M-1 Certificates (after taking into account the distribution of
        the
        Class II-M-1 Principal Distribution Amount on such Distribution Date), (3)
        the
        Certificate Principal Balance of the Class II-M-2 Certificates (after taking
        into account the distribution of the Class II-M-2 Principal Distribution
        Amount
        on such Distribution Date), (4) the Certificate Principal Balance of the
        Class
        II-M-3 Certificates (after taking into account the distribution of the Class
        II-M-3 Principal Distribution Amount on such Distribution Date), (5) the
        Certificate Principal Balance of the Class II-M-4 Certificates (after taking
        into account the distribution of the Class II-M-4 Principal Distribution
        Amount
        on such Distribution Date), (6) the Certificate Principal Balance of the
        Class
        II-M-5 Certificates (after taking into account the distribution of the Class
        II-M-5 Principal Distribution Amount on such Distribution Date) (7) the
        Certificate Principal Balance of the Class II-M-6 Certificates (after taking
        into account the distribution of the Class II-M-6 Principal Distribution
        Amount
        on such Distribution Date), (8) the Certificate Principal Balance of the
        Class
        II-M-7 Certificates (after taking into account the distribution of the Class
        II-M-7 Principal Distribution Amount on such Distribution Date), (9) the
        Certificate Principal Balance of the Class II-M-8 (after taking into account
        the
        distribution of the Class II-M-8 Principal Distribution Amount on such
        Distribution Date), (10) the Certificate Principal Balance of the Class II-M-9
        Certificates (after taking into account the distribution of the Class II-M-9
        Principal Distribution Amount on such Distribution Date) and (11) the
        Certificate Principal Balance of the Class II-M-10 Certificates immediately
        prior to such Distribution Date, over (b) the lesser of (1) the product of
        (x)
        93.00% and (y) the aggregate Stated Principal Balance of the Group II Mortgage
        Loans as of the last day of the related Due Period (after giving effect to
        scheduled payments of principal due during the related Due Period, to the
        extent
        received or advanced, and unscheduled collections of principal received during
        the related Prepayment Period, and after reduction for Realized Losses incurred
        during the prior calendar month), and (2) the aggregate Stated Principal
        Balance
        of the Group II Mortgage Loans as of the last day of the related Due Period
        (after giving effect to scheduled payments of principal due during the related
        Due Period, to the extent received or advanced, and unscheduled collections
        of
        principal received during the related Prepayment Period, and after reduction
        for
        Realized Losses incurred during the prior calendar month) minus
        $983,384.

       

      Class
        II-P Certificate:
        Any
        Certificate designated as a “Class II-P Certificate” on the face thereof, in the
        form of Exhibit A-3 hereto, representing the right to its Percentage Interest
        of
        distributions provided for the Class II-P Certificates as set forth herein
        and
        evidencing (i) a Regular Interest in REMIC IX and (ii) the right to receive
        any
        Prepayment Charge Waiver Amounts with respect to Loan Group II.

       

      Class
        II-P Interest:
        An
        uncertificated interest in the Trust Fund held by the Trustee on behalf of
        the
        Holders of the Class II-P Certificates, evidencing a Regular Interest in
        REMIC
        IV for purposes of the REMIC Provisions.

       

      Class
        II-P Certificate Account:
        The
        separate Eligible Account created and maintained by the Trustee pursuant
        to
        Section 4.06 in the name of the Trustee for the benefit of the Class II-P
        Certificateholders.

       

      Class
        II-R Certificate:
        Any of
        the Class II-R-1 Certificates and Class II-RX Certificates.

       

      Class
        II-R-1 Certificate:
        Any
        Certificate designated a “Class II-R-1 Certificate” on the face thereof, in the
        form set forth in Exhibit A-5 hereto, evidencing the Residual Interest in
        REMIC
        II and representing the right to the Percentage Interest of distributions
        provided for the Class II-R-1 Certificates as set forth herein.

       

      Class
        II-RX Certificate:
        Any
        Certificate designated a “Class II-RX Certificate” on the face thereof, in the
        form set forth in Exhibit A-5 hereto, evidencing the ownership of the Class
        II-R-8 Interest, Class II-R-9 Interest and Class II-R-10 Interest and
        representing the right to the Percentage Interest of distributions provided
        for
        the Class II-RX Certificates as set forth herein.

       

      Class
        II-R-8
        Interest:
        The
        uncertificated Residual Interest in REMIC VIII.

       

      Class
        II-R-9 Interest:
        The
        uncertificated Residual Interest in REMIC IX.

       

      Class
        II-R-10 Interest:
        The
        uncertificated Residual Interest in REMIC X.

       

      Class
        IO Distribution Amount:
        Any of
        the Group I Class IO Distribution Amount or the Group II Class IO Distribution
        Amount.

       

      Closing
        Date:
        November 30, 2006.

       

      Code:
        The
        Internal Revenue Code of 1986, including any successor or amendatory
        provisions.

       

      Commission:
        The
        U.S. Securities and Exchange Commission.

       

      Compensating
        Interest:
        An
        amount, not to exceed the Servicing Fee, to be deposited in the Protected
        Account by the Master Servicer to the payment of a Prepayment Interest Shortfall
        on a Mortgage Loan subject to this Agreement.

       

      Corporate
        Trust Office:
        The
        designated office of the Trustee where at any particular time its corporate
        trust business with respect to this Agreement shall be administered, which
        office at the date of the execution of this Agreement is located at 135 South
        LaSalle Street, Suite 1511, Chicago, Illinois, 60603 Attention: Global
        Securities and Trust Services - Bear Stearns Asset Backed Securities I LLC,
        Series 2006-AQ1, or at such other address as the Trustee may designate from
        time
        to time.

       

      Corresponding
        Certificate:
        With
        respect to each REMIC III Regular Interest (other than REMIC III Regular
        Interests I-AA, I-ZZ, I-IO, I-P, I-1-Sub, I-1-Grp, I-2-Sub, I-2-Grp, I-XX,
        II-AA, II-ZZ, II-IO and II-P), the Certificate with the corresponding
        designation. With respect to each REMIC IV Regular Interest (other than the
        Class CE Interests, the Class P Interests and the Class IO Interests), the
        related Certificate representing ownership thereof.

       

      Credit
        Support Annex:
        Any of
        the Group I Swap Credit Support Annex or the Group II Swap Credit Support
        Annex.

       

      Current
        Interest:
        As of
        any Distribution Date, with respect to the Certificates and interests of
        each
        class (other than the Class P Certificates, Class P Interests, the Residual
        Interests and the Residual Certificates), (i) the interest accrued on the
        related Certificate Principal Balance or Certificate Notional Amount or
        Uncertificated Notional Amount, as applicable, during the related Accrual
        Period
        at the applicable Pass-Through Rate, plus any amount previously distributed
        with
        respect to interest for such Certificate or interest that has been recovered
        as
        a voidable preference by a trustee in bankruptcy minus (ii) the sum of (a)
        any
        Prepayment Interest Shortfall for such Distribution Date, to the extent not
        covered by Compensating Interest and (b) any Relief Act Interest Shortfalls
        during the related Due Period, provided, however, that for purposes of
        calculating Current Interest for any such class, amounts specified in clause
        (ii) hereof for any such Distribution Date shall be allocated first to the
        related Class CE Certificates and the related Class CE Interest in reduction
        of
        amounts otherwise distributable to such Certificates and interest on such
        Distribution Date and then any excess shall be allocated to each Class of
        related Class A Certificates and Class M Certificates pro
        rata
        based on
        the respective amounts of interest accrued pursuant to clause (i) hereof
        for
        each such Class on such Distribution Date.

       

      Current
        Specified Enhancement Percentage:
        Any of
        the Group I Current Specified Enhancement Percentage or the Group II Current
        Specified Enhancement Percentage.

       

      Custodial
        Agreement:
        An
        agreement, dated as of November 30, 2006, among the Depositor, EMC, as a
        Seller
        and as Master Servicer, Master Funding as a Seller, the Trustee and the
        Custodian in substantially the form of Exhibit J hereto.

       

      Custodian:
        LaSalle
        Bank National Association, or any successor custodian appointed pursuant
        to the
        provisions hereof and the Custodial Agreement.

       

      Cut-off
        Date:
        The
        close of business on November 1, 2006.

       

      Cut-off
        Date Principal Balance:
        As to
        any Mortgage Loan, the unpaid principal balance thereof as of the close of
        business on the Cut-off Date after application of all Principal Prepayments
        received prior to the Cut-off Date and scheduled payments of principal due
        on or
        before the Cut-off Date, whether or not received, but without giving effect
        to
        any installments of principal received in respect of Due Dates after the
        Cut-off
        Date. The aggregate Cut-off Date Principal Balance of the Group I Mortgage
        Loans
        is $418,520,489.58. The aggregate Cut-off Date Principal Balance of the Group
        II
        Mortgage Loans is $196,676,797.10.

       

      Debt
        Service Reduction:
        With
        respect to any Mortgage Loan, a reduction by a court of competent jurisdiction
        in a proceeding under the Bankruptcy Code in the Scheduled Payment for such
        Mortgage Loan that became final and non-appealable, except such a reduction
        resulting from a Deficient Valuation or any other reduction that results
        in a
        permanent forgiveness of principal.

       

      Defaulting
        Party:
        A
“Defaulting Party” as defined in the related Swap Agreement.

       

      Deficient
        Valuation:
        With
        respect to any Mortgage Loan, a valuation by a court of competent jurisdiction
        of the Mortgaged Property in an amount less than the then outstanding
        indebtedness under such Mortgage Loan, or any reduction in the amount of
        principal to be paid in connection with any Scheduled Payment that results
        in a
        permanent forgiveness of principal, which valuation or reduction results
        from an
        order of such court that is final and non-appealable in a proceeding under
        the
        Bankruptcy Code.

       

      Definitive
        Certificates:
        As
        defined in Section 6.06.

       

      Deleted
        Mortgage Loan:
        A
        Mortgage Loan replaced or to be replaced by a Replacement Mortgage
        Loan.

       

      Delinquency
        Event:
        Any of
        a Group I Delinquency Event or Group II Delinquency Event.

       

      Delinquent:
        A
        Mortgage Loan is “delinquent” if any payment due thereon is not made pursuant to
        the terms of such Mortgage Loan by the close of business on the day such
        payment
        is scheduled to be due. A Mortgage Loan is “30 days delinquent” if such payment
        has not been received by the close of business on the corresponding day of
        the
        month immediately succeeding the month in which such payment was due, or,
        if
        there is no such corresponding day (e.g., as when a 30-day month follows
        a
        31-day month in which a payment was due on the 31st day of such month), then
        on
        the last day of such immediately succeeding month. Similarly for “60 days
        delinquent,” “90 days delinquent” and so on.

       

      Denomination:
        With
        respect to each Certificate, the amount set forth on the face thereof as
        the
“Initial Principal Balance or Initial Notional Amount of this
        Certificate”.

       

      Depositor:
        Bear
        Stearns Asset Backed Securities I LLC, a Delaware limited liability company,
        or
        its successor in interest.

       

      Depository:
        The
        initial Depository shall be The Depository Trust Company (“DTC”), the nominee of
        which is Cede & Co., or any other organization registered as a “clearing
        agency” pursuant to Section 17A of the Securities Exchange Act of 1934, as
        amended. The Depository shall initially be the registered Holder of the
        Book-Entry Certificates. The Depository shall at all times be a “clearing
        corporation” as defined in Section 8-102(a)(5) of the Uniform Commercial Code of
        the State of New York.

       

      Depository
        Agreement:
        With
        respect to the Class of Book-Entry Certificates, the agreement among the
        Depositor, the Trustee and the initial Depository, dated as of the Closing
        Date,
        substantially in the form of Exhibit H.

       

      Depository
        Participant:
        A
        broker, dealer, bank or other financial institution or other Person for whom
        from time to time a Depository effects book-entry transfers and pledges of
        securities deposited with the Depository.

       

      Determination
        Date:
        With
        respect to any Distribution Date, the 15th day of the month of such Distribution
        Date or, if such 15th day is not a Business Day, the immediately preceding
        Business Day.

       

      Distribution
        Account:
        The
        separate Eligible Account created and maintained by the Trustee pursuant
        to
        Section 4.04 in the name of the Trustee for the benefit of the
        Certificateholders designated “LaSalle Bank National Association, in trust for
        registered holders of Bear Stearns Asset Backed Securities I LLC, Asset-Backed
        Certificates, Series 2006-AQ1”. Funds in the Distribution Account shall be held
        in trust for the Certificateholders for the uses and purposes set forth in
        this
        Agreement.

       

      Distribution
        Account Deposit Date:
        Two
        Business Days prior to each Distribution Date.

       

      Distribution
        Date:
        The
        25th day of each calendar month after the initial issuance of the Certificates,
        or if such 25th day is not a Business Day, the next succeeding Business Day,
        commencing in December 2006.

       

      Due
        Date:
        As to
        any Mortgage Loan, the date in each month on which the related Scheduled
        Payment
        is due, as set forth in the related Mortgage Note.

       

      Due
        Period:
        With
        respect to any Distribution Date, the period from the second day of the calendar
        month preceding the calendar month in which such Distribution Date occurs
        through close of business on the first day of the calendar month in which
        such
        Distribution Date occurs.

       

      Eligible
        Account:
        Any of
        (i) an account or accounts maintained with a federal or state chartered
        depository institution or trust company, the long-term unsecured debt
        obligations and short-term unsecured debt obligations of which (or, in the
        case
        of a depository institution or trust company that is the principal subsidiary
        of
        a holding company, the debt obligations of such holding company, so long
        as
        Moody’s is not a Rating Agency) are rated by each Rating Agency in one of its
        two highest long-term and its highest short-term rating categories,
        respectively, at the time any amounts are held on deposit therein, or (ii)
        an
        account or accounts in a depository institution or trust company in which
        such
        accounts are insured by the FDIC (to the limits established by the FDIC)
        and the
        uninsured deposits in which accounts are otherwise secured such that, as
        evidenced by an Opinion of Counsel delivered to the Trustee and to each Rating
        Agency, the Certificateholders have a claim with respect to the funds in
        such
        account or a perfected first priority security interest against any collateral
        (which shall be limited to Permitted Investments) securing such funds that
        is
        superior to claims of any other depositors or creditors of the depository
        institution or trust company in which such account is maintained, or (iii)
        a
        trust account or accounts maintained with the corporate trust department
        of a
        federal or state chartered depository institution or trust company having
        capital and surplus of not less than $50,000,000, acting in its fiduciary
        capacity or (iv) any other account acceptable to the Rating Agencies, as
        evidenced in writing. Eligible Accounts may bear interest, and may include,
        if
        otherwise qualified under this definition, accounts maintained with the
        Trustee.

       

      EMC:
        EMC
        Mortgage Corporation, a Delaware corporation, and its successors and
        assigns.

       

      EMC
        Flow Loans:
        The
        Mortgage Loans purchased by EMC pursuant to a flow loan purchase
        agreement.

       

      EMC
        Mortgage Loans:
        The
        Mortgage Loans identified as such on the Mortgage Loan Schedule for which
        EMC is
        the applicable Seller.

       

      ERISA:
        The
        Employee Retirement Income Security Act of 1974, as amended.

       

      ERISA
        Restricted Certificates:
        Any of
        the Class CE, Class P and Residual Certificates.

       

      Event
        of Default:
        As
        defined in Section 8.01 hereof.

       

      Excess
        Cashflow:
        With
        respect to any Distribution Date and any Loan Group, an amount, if any, equal
        to
        the sum of (a) the related Remaining Excess Spread for such Distribution
        Date
        and (b) the related Overcollateralization Release Amount for such Distribution
        Date.

       

      Excess
        Liquidation Proceeds:
        To the
        extent not required by law to be paid to the related Mortgagor, the excess,
        if
        any, of any Liquidation Proceeds with respect to a Mortgage Loan over the
        Stated
        Principal Balance of such Mortgage Loan and accrued and unpaid interest at
        the
        related Mortgage Rate through the last day of the month in which the Mortgage
        Loan has been liquidated.

       

      Excess
        Spread:
        With
        respect to any Distribution Date and any Loan Group, the excess, if any,
        of (i)
        the Interest Funds with respect to the related Loan Group for such Distribution
        Date over (ii) the sum of the Current Interest on the related Class A
        Certificates and Class M Certificates and Interest Carry Forward Amounts
        on the
        related Class A Certificates (other than Interest Carry Forward Amounts paid
        pursuant to Section 5.04(a)(3)(4) with respect to Loan Group I and 5.04(b)(3)(4)
        with respect to Loan Group II), in each case for such Distribution
        Date.

       

      Exchange
        Act:
        Securities Exchange Act of 1934, as amended.

       

      Exemption:
        Prohibited Transaction Exemption 90-30, as amended from time to
        time.

       

      Extra
        Principal Distribution Amount:
        Any of
        the Group I Extra Principal Distribution Amount or Group II Extra Principal
        Distribution Amount.

       

      Fannie
        Mae:
        Fannie
        Mae (formerly, Federal National Mortgage Association), or any successor
        thereto.

       

      FDIC:
        The
        Federal Deposit Insurance Corporation, or any successor thereto.

       

      Final
        Certification:
        The
        certification substantially in the form of Exhibit Three to the Custodial
        Agreement.

       

      Final
        Recovery Determination:
        With
        respect to any defaulted Mortgage Loan or any REO Property (other than a
        Mortgage Loan or REO Property purchased by EMC (on its own behalf as a Seller
        and on behalf of Master Funding) pursuant to or as contemplated by Section
        2.03(c) or Section 10.01), a determination made by the Master Servicer that
        all
        Insurance Proceeds, Liquidation Proceeds and other payments or recoveries
        which
        the Master Servicer, in its reasonable good faith judgment, expects to be
        finally recoverable in respect thereof have been so recovered. The Master
        Servicer shall maintain records of each Final Recovery Determination made
        thereby.

       

      FIRREA:
        The
        Financial Institutions Reform, Recovery, and Enforcement Act of
        1989.

       

      Fiscal
        Quarter:
        December 1 to February 29 (or the last day in such month), March 1 to May
        31,
        June 1 to August 31, or September 1 to November 30, as applicable.

       

      Fitch:
        Fitch,
        Inc. and any successor thereto.

       

      Form
        8-K Disclosure Information:
        As
        defined in Section 3.16(a)(iii).

       

      Freddie
        Mac:
        Federal
        Home Loan Mortgage Corporation, or any successor thereto.

       

      Global
        Certificate:
        Any
        Private Certificate registered in the name of the Depository or its nominee,
        beneficial interests in which are reflected on the books of the Depository
        or on
        the books of a Person maintaining an account with such Depository (directly
        or
        as an indirect participant in accordance with the rules of such
        depository).

       

      Gross
        Margin:
        With
        respect to each Adjustable Rate Mortgage Loan, the fixed percentage set forth
        in
        the related Mortgage Note that is added to the Index on each Adjustment Date
        in
        accordance with the terms of the related Mortgage Note used to determine
        the
        Mortgage Rate for such Mortgage Loan.

       

      Group
        I Certificates:
        Any of
        the Class I-1A-1, Class I-1A-2, Class I-1A-3, Class I-2A, Class I-M-1, Class
        I-M-2, Class I-M-3, Class I-M-4, Class I-M-5, Class I-M-6, Class I-M-7, Class
        I-M-8, Class I-M-9, Class I-M-10, Class I-P, Class I-CE, Class I-R-1, Class
        I-R-2, Class I-R-3 and Class I-RX Certificates.

       

      Group
        I Class IO Distribution Amount:
        As
        defined in Section 3.21 hereof. For purposes of clarity, the Group I Class
        IO
        Distribution Amount for any Distribution Date shall equal the amount payable
        to
        the Swap Administrator pursuant to the first and second sentences of Section
        3.21(c) on such Distribution Date in excess of the amount payable on REMIC
        VII
        Regular Interest IO on such Distribution Date, all as further provided in
        Section 3.21 hereof.

       

      Group
        I Current Specified Enhancement Percentage:
        With
        respect to any Distribution Date, the percentage obtained by dividing (x)
        the
        sum of (i) the aggregate Certificate Principal Balance of the Class I-M
        Certificates and (ii) the Group I Overcollateralization Amount, in each case
        prior to the distribution of the related Principal Distribution Amount on
        such
        Distribution Date, by (y) the aggregate Stated Principal Balance of the Group
        I
        Mortgage Loans as of the end of the related Due Period (after
        giving effect to scheduled payments of principal due during the related Due
        Period with respect to Loan Group I, to the extent received or advanced,
        and
        unscheduled collections of principal received during the related Prepayment
        Period, and after reduction for Realized Losses incurred during the prior
        calendar month with respect to Loan Group I).

       

      Group
        I Delinquency Event:
        A Group
        I Delinquency Event shall
        have occurred and be continuing if at any time, (x) the percent equivalent
        of a
        fraction, the numerator of which is the aggregate Stated Principal Balance
        of
        the Group I Mortgage Loans that are 60 days or more Delinquent (including
        for
        this purpose any such Group I Mortgage Loans in bankruptcy or foreclosure
        and
        Group I Mortgage Loans with respect to which the related Mortgaged Property
        is
        REO Property), and the denominator of which is the aggregate Stated Principal
        Balance of all of the Group I Mortgage Loans as of the last day of the related
        Due Period exceeds (y) 40.40% of the Group
        I
        Current Specified Enhancement Percentage.

       

      Group
        I Extra Principal Distribution Amount:
        With
        respect to any Distribution Date, the lesser of (i) the excess, if any, of
        the
        Group I Overcollateralization Target Amount for such Distribution Date over
        the
        Group I Overcollateralization Amount for such Distribution Date (after giving
        effect to distributions of principal on the Certificates other than any Group
        I
        Extra Principal Distribution Amount) and (ii) the related Excess Spread for
        such
        Distribution Date.

       

      Group
        I Marker Rate:
        With
        respect to the Class I-CE Interest and any Distribution Date, a per annum
        rate
        equal to two (2) times the weighted average of the Uncertificated REMIC III
        Pass-Through Rates for the REMIC III Group I Regular Interests (other than
        REMIC
        III Regular Interests I-AA, I-IO, I-P, I-1-Sub, I-1-Grp, I-2-Sub, I-2-Grp
        and
        I-XX), with the rate on each such REMIC III Group I Regular Interest (other
        than
        REMIC III Regular Interest I-ZZ) subject to a cap equal to the lesser of
        (i) the
        One-Month LIBOR Pass-Through Rate for the Corresponding Certificate and (ii)
        the
        Net Rate Cap for the REMIC IV Regular Interest the ownership of which is
        represented by the Corresponding Certificate for the purpose of this calculation
        for such Distribution Date, and with the rate on REMIC III Regular Interest
        I-ZZ
        subject to a cap of zero for the purpose of this calculation; provided, however,
        that solely for this purpose, the related cap with respect to each REMIC
        III
        Group I Regular Interest (other than REMIC III Regular Interests I-AA, I-ZZ,
        I-IO, I-P, I-1-Sub, I-1-Grp, I-2-Sub, I-2-Grp and I-XX) shall be multiplied
        by a
        fraction, the numerator of which is 30 and the denominator of which is the
        actual number of days in the related Accrual Period.

       

      Group
        I Maximum Probable Exposure:
        With
        respect to each Distribution Date and the Group I Swap Agreement, the amount
        calculated by the Depositor in accordance with the Seller’s internal risk
        management process in respect of similar instruments, such calculation to
        be
        performed as agreed by the Trustee and the Depositor.

       

      Group
        I Maximum Uncertificated Accrued Interest Deferral Amount:
        With
        respect to any Distribution Date, the excess of (i) accrued interest at the
        Uncertificated REMIC III Pass-Through Rate applicable to REMIC III Regular
        Interest I-ZZ for such Distribution Date on a balance equal to the
        Uncertificated Principal Balance of REMIC III Regular Interest I-ZZ minus
        the
        REMIC III Group I Overcollateralization Amount, in each case for such
        Distribution Date, over (ii) the aggregate amount of Uncertificated Accrued
        Interest for such Distribution Date on the REMIC III Group I Regular Interests
        (other than REMIC III Regular Interests I-AA, I-ZZ, I-IO, I-P, I-1-Sub, I-1-Grp,
        I-2-Sub, I-2-Grp and I-XX), with the rate on each such REMIC III Group I
        Regular
        Interest subject to a cap equal to the lesser of (x) the One-Month LIBOR
        Pass
        Through Rate for the Corresponding Certificate and (y) the Net Rate Cap for
        the
        REMIC IV Regular Interest the ownership of which is represented by the
        Corresponding Certificate for the purpose of this calculation for such
        Distribution Date; provided, however, that solely for this purpose, the related
        cap with respect to each REMIC III Group I Regular Interest (other than REMIC
        III Regular Interests I-AA, I-ZZ, I-IO, I-P, I-1-Sub, I-1-Grp, I-2-Sub, I-2-Grp
        and I-XX) shall be multiplied by a fraction, the numerator of which is 30
        and
        the denominator of which is the actual number of days in the related Accrual
        Period.

       

      Group
        I Mortgage Loans:
        The
        Mortgage Loans related to Loan Group I.

       

      Group
        I Net Swap Payment:
        With
        respect to each Distribution Date, the net payment required to be made pursuant
        to the terms of the Group I Swap Agreement by either the Group I Swap Provider
        or the Swap Administrator, which net payment shall not take into account
        any
        Group I Swap Termination Payment.

       

      Group
        I Notional Amount:
        With
        respect to each Distribution Date and the Group I Swap Agreement, the notional
        amount for the related calculation period as set forth in the related schedule
        set forth in Exhibit M. 

       

      Group
        I Offered Certificates:
        Any of
        the Class I-1A-1, Class I-1A-2, Class I-1A-3, Class I-2A, Class I-M-1, Class
        I-M-2, Class I-M-3, Class I-M-4, Class I-M-5, Class I-M-6, Class I-M-7, Class
        I-M-8 and Class I-M-9 Certificates.

       

      Group
        I Optional Termination:
        The
        termination of the portion of the Trust Fund related to Loan Group I created
        hereunder as a result of the purchase of all of the Group I Mortgage Loans
        and
        any related REO Property pursuant to Section 10.01 hereof.

       

      Group
        I Optional Termination Date:
        The
        Distribution Date on which the Stated Principal Balance of all of the Group
        I
        Mortgage Loans is equal to or less than 10% of the Stated Principal Balance
        of
        all of the Group I Mortgage Loans as of the Cut-off Date.

       

      Group
        I Overcollateralization Amount:
        With
        respect to any Distribution Date, the excess, if any, of the aggregate Stated
        Principal Balance of the Group I Mortgage Loans as of the last day of the
        related Due Period (after giving effect to scheduled payments of principal
        due
        during the related Due Period, to the extent received or advanced, and
        unscheduled collections of principal received during the related Prepayment
        Period, and after reduction for Realized Losses incurred during the prior
        calendar month) over the aggregate Certificate Principal Balance of the Class
        I-A Certificates and Class I-M Certificates on such Distribution Date (after
        taking into account the payment of principal other than any Group I Extra
        Principal Distribution Amount on such Certificates).

       

      Group
        I Overcollateralization Release Amount:
        With
        respect to any Distribution Date, the lesser of (x) the related Principal
        Funds
        for such Distribution Date and (y) the excess, if any, of (i) the Group I
        Overcollateralization Amount for such Distribution Date (assuming that 100%
        of
        the related Principal Funds is applied as a principal payment on such
        Distribution Date) over (ii) the Group I Overcollateralization Target Amount
        for
        such Distribution Date (with the amount pursuant to clause (y) deemed to
        be $0
        if the Group I Overcollateralization Amount is less than or equal to the
        Group I
        Overcollateralization Target Amount on that Distribution Date).

       

      Group
        I Overcollateralization Target Amount:
        With
        respect to any Distribution Date (a) prior to the Group I Stepdown Date,
        1.85%
        of the aggregate Stated Principal Balance of the Group I Mortgage Loans as
        of
        the Cut-off Date, (b) on or after the Group I Stepdown Date and if a Group
        I
        Trigger Event is not in effect, the greater of (i) the lesser of (1) 1.85%
        of
        the aggregate Stated Principal Balance of the Group I Mortgage Loans as of
        the
        Cut-off Date and (2) 3.70% of the aggregate Stated Principal Balance of the
        Group I Mortgage Loans as of the last day of the related Due Period (after
        giving effect to scheduled payments of principal due during the related Due
        Period, to the extent received or advanced, and unscheduled collections of
        principal received during the related Prepayment Period, and after reduction
        for
        Realized Losses incurred during the prior calendar month) and (ii) $2,092,602
        or
        (c) on or after the Group I Stepdown Date and if a Group I Trigger Event
        is in
        effect, the Group I Overcollateralization Target Amount for the immediately
        preceding Distribution Date.

       

      Group
        I Regular Certificate:
        Any of
        the Group I Certificates other than the Group I Residual
        Certificates.

       

      Group
        I Reserve Fund:
        Shall
        mean the separate trust account created and maintained by the Trustee pursuant
        to Section 3.21 hereof.

       

      Group
        I Reserve Fund Deposit:
        With
        respect to the Group I Reserve Fund, an amount equal to $5,000, which the
        Depositor shall initially deposit into the Group I Reserve Fund pursuant
        to
        Section 3.21 hereof.

       

      Group
        I Residual Certificates:
        The
        Class I-R Certificates, each evidencing the sole class of Residual Interests
        in
        the related REMIC.

       

      Group
        I Senior Certificates:
        Any of
        the Class I-1A-1, Class I-1A-2, Class I-1A-3 and Class I-2A
        Certificates.

       

      Group
        I Significance Estimate:
        With
        respect to any Distribution Date, and in accordance with Item 1115 of Regulation
        AB, shall be an amount determined based on the reasonable good-faith estimate
        by
        the Seller or its affiliate of the aggregate Group I Maximum Probable Exposure
        of the outstanding Class I-A Certificates and Class I-M Certificates to the
        Group I Swap Agreement. 

       

      Group
        I Significance Percentage:
        With
        respect to any Distribution Date, and in accordance with Item 1115 of Regulation
        AB, shall be a percentage equal to the Group I Significance Estimate divided
        by
        the aggregate outstanding Certificate Principal Balance of the Class I-A
        Certificates and Class I-M Certificates, prior to the distribution of the
        related Principal Distribution Amount on such Distribution Date.

       

      Group
        I Stepdown Date:
        The
        earlier to occur of, (I) the first Distribution Date following the Distribution
        Date for which the Certificate Principal Balance for each of the Class I-A
        Certificates has been reduced to zero, and (II) the later to occur of (a)
        the
        Distribution Date in December 2009 and (b) the first Distribution Date on
        which
        the Group I Current Specified Enhancement Percentage is greater than or equal
        to
        39.50%.

       

      Group
        I Sub-Trust:
        The
        portion of the Trust Fund allocated to Loan Group I.

       

      Group
        I Supplemental Interest Trust:
        The
        corpus of a trust created pursuant to Section 3.21 of this Agreement and
        designated as the “Group I Supplemental Interest Trust,” consisting of the Group
        I Swap Agreement, the rights in respect of the Swap Administration Agreement
        that relate to Loan Group I, the Group I Swap Account and REMIC VII Regular
        Interest IO. For the avoidance of doubt, the Group I Supplemental Interest
        Trust, the Group I Swap Agreement, the Group I Swap Account and the Swap
        Administration Agreement do not constitute parts of the Trust Fund or any
        REMIC.

       

      Group
        I Supplemental Interest Trust Trustee:
        LaSalle
        Bank National Association, a national banking association not in its individual
        capacity but solely in its capacity as group I supplemental interest trust
        trustee and any successor thereto, and any corporation or national banking
        association resulting from or surviving any consolidation or merger to which
        it
        or its successors may be a party and any successor group I supplemental interest
        trust trustee as may from time to time be serving as successor group I
        supplemental interest trust trustee.

       

      Group
        I Swap Account:
        The
        separate trust account created and maintained by the Swap Administrator,
        and
        held within the Group I Supplemental Interest Trust, pursuant to the Swap
        Administration Agreement.

       

      Group
        I Swap Agreement:
        The
        interest rate swap agreement, dated as of November 30, 2006, between the
        Group I
        Supplemental Interest Trust Trustee and the Group I Swap Provider, including
        any
        schedule, confirmations, credit support annex or other credit support document
        relating thereto, and attached hereto as Exhibit M.

       

      Group
        I Swap Collateral Account: Shall mean
        the separate interest-bearing account created and maintained by the Group
        I
        Supplemental Interest Trust Trustee pursuant to Section 3.22
        hereof.

       

      Group
        I Swap Credit Support Annex:
        The
        credit support annex, dated as of November 30, 2006, between the Group I
        Supplemental Interest Trust Trustee and the Group I Swap Provider, which
        is
        annexed to and forms part of the Group I Swap Agreement.

       

      Group
        I Swap Early Termination:
        The
        occurrence of a Group I Early Termination Date (as defined in the Group I
        Swap
        Agreement) under the Group I Swap Agreement.

       

      Group
        I Swap Optional Termination Payment:
        As
        defined in Section 10.01.

       

      Group
        I Swap Provider:
        The
        swap provider under the Group I Swap Agreement. Initially, the Group I Swap
        Provider shall be ABN AMRO Bank N.V. 

       

      Group
        I Swap Provider Trigger Event:
        With
        respect to any Distribution Date, (i) an Event of Default under the Group
        I Swap
        Agreement with respect to which the Group I Swap Provider is a Defaulting
        Party,
        (ii) a Termination Event under the Group I Swap Agreement with respect to
        which
        the Group I Swap Provider is the sole Affected Party, or (iii) an Additional
        Termination Event under the Group I Swap Agreement with respect to which
        the
        Group I Swap Provider is the sole Affected Party.

       

      Group
        I Swap Termination Payment:
        Upon
        the designation of an “Early Termination Date” as defined in the Group I Swap
        Agreement, the payment to be made by the Swap Administrator to the Group
        I Swap
        Provider from payments from the Trust Fund with respect to Loan Group I,
        or by
        the Group I Swap Provider to the Swap Administrator for payment to the Trust
        Fund with respect to Loan Group I, as applicable, pursuant to the terms of
        the
        Group I Swap Agreement.

       

      Group
        I Trigger Event:
        With
        respect to any Distribution Date, a Group I Trigger Event exists if (i) a
        related Delinquency Event shall have occurred and be continuing or (ii) the
        aggregate amount of Realized Losses on the Group I Mortgage Loans since the
        Cut-off Date as a percentage of the aggregate Cut-off Date Principal Balance
        of
        the Group I Mortgage Loans exceeds the applicable percentages set forth below
        with respect to such Distribution Date:

       

      
        	
                Distribution
                  Date

              	
                Percentage

              
	 	 
	
                December
                  2009 through November 2010

              	
                2.80%
                  with respect to December 2009, plus an additional 1/12th
                  of
                  the difference between 4.45% and 2.80% for each month
                  thereafter

              
	
                December
                  2010 through November 2011

              	
                4.45%
                  with respect to December 2010, plus an additional 1/12th
                  of
                  the difference between 5.75% and 4.45% for each month
                  thereafter

              
	
                December
                  2011 through November 2012

              	
                5.75%
                  with respect to December 2011, plus an additional 1/12th
                  of
                  the difference between 6.50% and 5.75% for each month
                  thereafter

              
	
                December
                  2012 and thereafter

              	
                6.50%

              

      

      

      Group
        II Certificates:
        Any of
        the Class II-A-1, Class II-A-2, Class II-A-3, Class II-M-1, Class II-M-2,
        Class
        II-M-3, Class II-M-4, Class II-M-5, Class II-M-6, Class II-M-7, Class II-M-8,
        Class II-M-9, Class II-M-10, Class II-P, Class II-CE, Class II-R-1 and Class
        II-RX Certificates.

       

      Group
        II Class IO Distribution Amount:
        As
        defined in Section 3.24 hereof. For purposes of clarity, the Group II Class
        IO
        Distribution Amount for any Distribution Date shall equal the amount payable
        to
        the Swap Administrator pursuant to the first and second sentences of Section
        3.24(c) on such Distribution Date in excess of the amount payable on REMIC
        X
        Regular Interest IO on such Distribution Date, all as further provided in
        Section 3.24 hereof.

       

      Group
        II Current Specified Enhancement Percentage:
        With
        respect to any Distribution Date, the percentage obtained by dividing (x)
        the
        sum of (i) the aggregate Certificate Principal Balance of the Class II-M
        Certificates and (ii) the Group II Overcollateralization Amount, in each
        case
        prior to the distribution of the related Principal Distribution Amount on
        such
        Distribution Date, by (y) the aggregate Stated Principal Balance of the Group
        II
        Mortgage Loans as of the end of the related Due Period (after giving effect
        to
        scheduled payments of principal due during the related Due Period with respect
        to Loan Group II, to the extent received or advanced, and unscheduled
        collections of principal received during the related Prepayment Period, and
        after reduction for Realized Losses incurred during the prior calendar month
        with respect to Loan Group II).

       

      Group
        II Delinquency Event:
        A Group
        II Delinquency Event shall have occurred and be continuing if at any time,
        (x)
        the percent equivalent of a fraction, the numerator of which is the aggregate
        Stated Principal Balance of the Group II Mortgage Loans that are 60 days
        or more
        Delinquent (including for this purpose any such Group II Mortgage Loans in
        bankruptcy or foreclosure and Group I Mortgage Loans with respect to which
        the
        related Mortgaged Property is REO Property), and the denominator of which
        is the
        aggregate Stated Principal Balance of all of the Group II Mortgage Loans
        as of
        the last day of the related Due Period exceeds (y) 40.00% of the Group II
        Current Specified Enhancement Percentage.

       

      Group
        II Extra Principal Distribution Amount:
        With
        respect to any Distribution Date, the lesser of (i) the excess, if any, of
        the
        Group II Overcollateralization Target Amount for such Distribution Date over
        the
        Group II Overcollateralization Amount for such Distribution Date (after giving
        effect to distributions of principal on the Certificates other than any Group
        II
        Extra Principal Distribution Amount) and (ii) the related Excess Spread for
        such
        Distribution Date.

       

      Group
        II Marker Rate:
        With
        respect to the Class II-CE Interest and any Distribution Date, a per annum
        rate
        equal to two (2) times the weighted average of the Uncertificated REMIC III
        Pass-Through Rates for the REMIC III Group II Regular Interests (other than
        REMIC III Regular Interests II-AA, II-IO and II-P), with the rate on each
        such
        REMIC III Group II Regular Interest (other than REMIC III Regular Interest
        II-ZZ) subject to a cap equal to the lesser of (i) the One-Month LIBOR
        Pass-Through Rate for the Corresponding Certificate and (ii) the Net Rate
        Cap
        for the REMIC IV Regular Interest the ownership of which is represented by
        the
        Corresponding Certificate for the purpose of this calculation for such
        Distribution Date, and with the rate on REMIC III Regular Interest II-ZZ
        subject
        to a cap of zero for the purpose of this calculation; provided, however,
        that
        solely for this purpose, the related cap with respect to each REMIC III Group
        II
        Regular Interest (other than REMIC III Regular Interests II-AA, II-ZZ, II-IO
        and
        II-P) shall be multiplied by a fraction, the numerator of which is 30 and
        the
        denominator of which is the actual number of days in the related Accrual
        Period.

       

      Group
        II Maximum Probable Exposure:
        With
        respect to each Distribution Date and the Group II Swap Agreement, the amount
        calculated by the Depositor in accordance with the Seller’s internal risk
        management process in respect of similar instruments, such calculation to
        be
        performed as agreed by the Trustee and the Depositor.

       

      Group
        II Maximum Uncertificated Accrued Interest Deferral Amount:
        With
        respect to any Distribution Date, the excess of (i) accrued interest at the
        Uncertificated REMIC III Pass-Through Rate applicable to REMIC III Regular
        Interest II-ZZ for such Distribution Date on a balance equal to the
        Uncertificated Principal Balance of REMIC III Regular Interest II-ZZ minus
        the
        REMIC III Group II Overcollateralization Amount, in each case for such
        Distribution Date, over (ii) the aggregate amount of Uncertificated Accrued
        Interest for such Distribution Date on the REMIC III Group II Regular Interests
        (other than REMIC III Regular Interests II -AA, II -ZZ, II -IO and II -P),
        with
        the rate on each such REMIC III Group II Regular Interest subject to a cap
        equal
        to the lesser of (x) the One-Month LIBOR Pass Through Rate for the Corresponding
        Certificate and (y) the Net Rate Cap for the REMIC IV Regular Interest the
        ownership of which is represented by the Corresponding Certificate for the
        purpose of this calculation for such Distribution Date; provided, however,
        that
        solely for this purpose, the related cap with respect to each REMIC III Group
        II
        Regular Interest (other than REMIC III Regular Interests II-AA, II-ZZ, II-IO
        and
        II-P) shall be multiplied by a fraction, the numerator of which is 30 and
        the
        denominator of which is the actual number of days in the related Accrual
        Period.

       

      Group
        II Mortgage Loans:
        The
        Mortgage Loans related to Loan Group II.

       

      Group
        II Net Swap Payment:
        With
        respect to each Distribution Date, the net payment required to be made pursuant
        to the terms of the Group II Swap Agreement by either the Group II Swap Provider
        or the Swap Administrator, which net payment shall not take into account
        any
        Group II Swap Termination Payment.

       

      Group
        II Notional Amount:
        With
        respect to each Distribution Date and the Group II Swap Agreement, the notional
        amount for the related calculation period as set forth in the related schedule
        set forth in Exhibit N. 

       

      Group
        II Offered Certificates:
        Any of
        the Class II-A-1, Class II-A-2, Class II-A-3, Class II-M-1, Class II-M-2,
        Class
        II-M-3, Class II-M-4, Class II-M-5, Class II-M-6, Class II-M-7, Class II-M-8
        and
        Class II-M-9 Certificates.

       

      Group
        II Optional Termination:
        The
        termination of the portion of the Trust Fund related to Loan Group II created
        hereunder as a result of the purchase of all of the Group II Mortgage Loans
        and
        any related REO Property pursuant to Section 10.01 hereof.

       

      Group
        II Optional Termination Date:
        The
        Distribution Date on which the Stated Principal Balance of all of the Group
        II
        Mortgage Loans is equal to or less than 10% of the Stated Principal Balance
        of
        all of the Group II Mortgage Loans as of the Cut-off Date.

       

      Group
        II Overcollateralization Amount:
        With
        respect to any Distribution Date, the excess, if any, of the aggregate Stated
        Principal Balance of the Group II Mortgage Loans as of the last day of the
        related Due Period (after giving effect to scheduled payments of principal
        due
        during the related Due Period, to the extent received or advanced, and
        unscheduled collections of principal received during the related Prepayment
        Period, and after reduction for Realized Losses incurred during the prior
        calendar month) over the aggregate Certificate Principal Balance of the Class
        II-A Certificates and Class II-M Certificates on such Distribution Date (after
        taking into account the payment of principal other than any Group II Extra
        Principal Distribution Amount on such Certificates).

       

      Group
        II Overcollateralization Release Amount:
        With
        respect to any Distribution Date, the lesser of (x) the related Principal
        Funds
        for such Distribution Date and (y) the excess, if any, of (i) the Group II
        Overcollateralization Amount for such Distribution Date (assuming that 100%
        of
        the related Principal Funds is applied as a principal payment on such
        Distribution Date) over (ii) the Group II Overcollateralization Target Amount
        for such Distribution Date (with the amount pursuant to clause (y) deemed
        to be
        $0 if the Group II Overcollateralization Amount is less than or equal to
        the
        Group II Overcollateralization Target Amount on that Distribution
        Date).

       

      Group
        II Overcollateralization Target Amount:
        With
        respect to any Distribution Date (a) prior to the Group II Stepdown Date,
        3.50%
        of the aggregate Stated Principal Balance of the Group II Mortgage Loans
        as of
        the Cut-off Date, (b) on or after the Group II Stepdown Date and if a Group
        II
        Trigger Event is not in effect, the greater of (i) the lesser of (1) 3.50%
        of
        the aggregate Stated Principal Balance of the Group II Mortgage Loans as
        of the
        Cut-off Date and (2) 7.00% of the aggregate Stated Principal Balance of the
        Group II Mortgage Loans as of the last day of the related Due Period (after
        giving effect to scheduled payments of principal due during the related Due
        Period, to the extent received or advanced, and unscheduled collections of
        principal received during the related Prepayment Period, and after reduction
        for
        Realized Losses incurred during the prior calendar month) and (ii) $983,384
        or
        (c) on or after the Group II Stepdown Date and if a Group II Trigger Event
        is in
        effect, the Group II Overcollateralization Target Amount for the immediately
        preceding Distribution Date.

       

      Group
        II Regular Certificate:
        Any of
        the Group II Certificates other than the Group II Residual
        Certificates.

       

      Group
        II Reserve Fund:
        Shall
        mean the separate trust account created and maintained by the Trustee pursuant
        to Section 3.22 hereof.

       

      Group
        II Reserve Fund Deposit:
        With
        respect to the Group II Reserve Fund, an amount equal to $5,000, which the
        Depositor shall initially deposit into the Group II Reserve Fund pursuant
        to
        Section 3.22 hereof.

       

      Group
        II Residual Certificates:
        The
        Class II-R-1 Certificates and Class II-RX Certificates, each evidencing the
        sole
        class of Residual Interests in the related REMIC.

       

      Group
        II Senior Certificates:
        Any of
        the Class II-A-1, Class II-A-2 and Class II-A-3 Certificates.

       

      Group
        II Significance Estimate:
        With
        respect to any Distribution Date, and in accordance with Item 1115 of Regulation
        AB, shall be an amount determined based on the reasonable good-faith estimate
        by
        the Seller or its affiliate of the aggregate Group II Maximum Probable Exposure
        of the outstanding Class II-A Certificates and Class II-M Certificates to
        the
        Group II Swap Agreement. 

       

      Group
        II Significance Percentage:
        With
        respect to any Distribution Date, and in accordance with Item 1115 of Regulation
        AB, shall be a percentage equal to the Group II Significance Estimate divided
        by
        the aggregate outstanding Certificate Principal Balance of the Class II-A
        Certificates and Class II-M Certificates, prior to the distribution of the
        related Principal Distribution Amount on such Distribution Date.

       

      Group
        II Stepdown Date:
        The
        earlier to occur of, (I) the first Distribution Date following the Distribution
        Date for which the Certificate Principal Balance for each of the Class II-A
        Certificates has been reduced to zero, and (II) the later to occur of (a)
        the
        Distribution Date in December 2009 and (b) the first Distribution Date on
        which
        the Group II Current Specified Enhancement Percentage is greater than or
        equal
        to 50.40%.

       

      Group
        II Sub-Trust:
        The
        portion of the Trust Fund allocated to Loan Group II.

       

      Group
        II Supplemental Interest Trust:
        The
        corpus of a trust created pursuant to Section 3.22 of this Agreement and
        designated as the “Group II Supplemental Interest Trust,” consisting of the
        Group II Swap Agreement, the rights in respect of the Swap Administration
        Agreement that relate to Loan Group II, the Group II Swap Account and REMIC
        X
        Regular Interest IO. For the avoidance of doubt, the Group II Supplemental
        Interest Trust, the Group II Swap Agreement, the Group II Swap Account and
        the
        Swap Administration Agreement do not constitute parts of the Trust Fund or
        any
        REMIC.

       

      Group
        II Supplemental Interest Trust Trustee:
        LaSalle
        Bank National Association, a national banking association not in its individual
        capacity but solely in its capacity as group II supplemental interest trust
        trustee and any successor thereto, and any corporation or national banking
        association resulting from or surviving any consolidation or merger to which
        it
        or its successors may be a party and any successor group II supplemental
        interest trust trustee as may from time to time be serving as successor group
        II
        supplemental interest trust trustee.

       

      Group
        II Swap Account:
        The
        separate trust account created and maintained by the Swap Administrator,
        and
        held within the Group II Supplemental Interest Trust, pursuant to the Swap
        Administration Agreement.

       

      Group
        II Swap Agreement:
        The
        interest rate swap agreement, dated as of November 30, 2006, between the
        Group
        II Supplemental Interest Trust Trustee and the Group II Swap Provider, including
        any schedule, confirmations, credit support annex or other credit support
        document relating thereto, and attached hereto as Exhibit N.

       

      Group
        II Swap Collateral Account: Shall mean
        the separate interest-bearing account created and maintained by the Group
        II
        Supplemental Interest Trust Trustee pursuant to Section 3.25
        hereof.

       

      Group
        II Swap Credit Support Annex:
        The
        credit support annex, dated as of November 30, 2006, between the Group II
        Supplemental Interest Trust Trustee and the Group II Swap Provider, which
        is
        annexed to and forms part of the Group II Swap Agreement.

       

      Group
        II Swap Early Termination:
        The
        occurrence of a Group II Early Termination Date (as defined in the Group
        II Swap
        Agreement) under the Group II Swap Agreement.

       

      Group
        II Swap Optional Termination Payment:
        As
        defined in Section 10.01.

       

      Group
        II Swap Provider:
        The
        swap provider under the Group II Swap Agreement. Initially, the Group II
        Swap
        Provider shall be ABN AMRO Bank N.V. 

       

      Group
        II Swap Provider Trigger Event:
        With
        respect to any Distribution Date, (i) an Event of Default under the Group
        II
        Swap Agreement with respect to which the Group II Swap Provider is a Defaulting
        Party, (ii) a Termination Event under the Group II Swap Agreement with respect
        to which the Group II Swap Provider is the sole Affected Party, or (iii)
        an
        Additional Termination Event under the Group II Swap Agreement with respect
        to
        which the Group II Swap Provider is the sole Affected Party.

       

      Group
        II Swap Termination Payment:
        Upon
        the designation of an “Early Termination Date” as defined in the Group II Swap
        Agreement, the payment to be made by the Swap Administrator to the Group
        II Swap
        Provider from payments from the Trust Fund with respect to Loan Group II,
        or by
        the Group II Swap Provider to the Swap Administrator for payment to the Trust
        Fund with respect to Loan Group II, as applicable, pursuant to the terms
        of the
        Group II Swap Agreement.

       

      Group
        II Trigger Event:
        With
        respect to any Distribution Date, a Group II Trigger Event exists if (i)
        a
        related Delinquency Event shall have occurred and be continuing or (ii) the
        aggregate amount of Realized Losses on the Group II Mortgage Loans since
        the
        Cut-off Date as a percentage of the aggregate Cut-off Date Principal Balance
        of
        the Group II Mortgage Loans exceeds the applicable percentages set forth
        below
        with respect to such Distribution Date:

       

      
        	
                Distribution
                  Date

              	
                Percentage

              
	 	 
	
                December
                  2009 through November 2010

              	
                4.30%
                  with respect to December 2009, plus an additional 1/12th
                  of
                  the difference between 6.75% and 4.30% for each month
                  thereafter

              
	
                December
                  2010 through November 2011

              	
                6.75%
                  with respect to December 2010, plus an additional 1/12th
                  of
                  the difference between 8.70% and 6.75% for each month
                  thereafter

              
	
                December
                  2011 through November 2012

              	
                8.70%
                  with respect to December 2011, plus an additional 1/12th
                  of
                  the difference between 9.70% and 8.70% for each month
                  thereafter

              
	
                December
                  2012 and thereafter

              	
                9.70%

              

      

      

       

      Indemnified
        Persons:
        The
        Trustee, the Master Servicer, the Trust Fund and their officers, directors,
        agents and employees and, with respect to the Trustee, any separate co-trustee
        and its officers, directors, agents and employees.

       

      Index:
        With
        respect to each Adjustable Rate Mortgage Loan and with respect to each related
        Adjustment Date, the index as specified in the related Mortgage
        Note.

       

      Individual
        Certificate:
        Any
        Private Certificate registered in the name of the Holder other than the
        Depository or its nominee.

       

      Initial
        Certification:
        The
        certification substantially in the form of Exhibit One to the Custodial
        Agreement.

       

      Initial
        Certificate Principal Balance:
        With
        respect to any Certificate, the Certificate Principal Balance of such
        Certificate or any predecessor Certificate on the Closing Date.

       

      Institutional
        Accredited Investor:
        Any
        Person meeting the requirements of Rule 501(a)(l), (2), (3) or (7) of Regulation
        D under the Securities Act or any entity all of the equity Holders in which
        come
        within such paragraphs.

       

      Insurance
        Policy:
        With
        respect to any Mortgage Loan included in the Trust Fund, any insurance policy,
        including all riders and endorsements thereto in effect with respect to such
        Mortgage Loan, including any replacement policy or policies for any Insurance
        Policies.

       

      Insurance
        Proceeds:
        Proceeds paid in respect of the Mortgage Loans pursuant to any Insurance
        Policy
        and any other insurance policy covering a Mortgage Loan, to the extent such
        proceeds are payable to the mortgagee under the Mortgage, the Master Servicer
        or
        the trustee under the deed of trust and are not applied to the restoration
        of
        the related Mortgaged Property or released to the Mortgagor in accordance
        with
        the procedures that the Master Servicer would follow in servicing mortgage
        loans
        held for its own account, in each case other than any amount included in
        such
        Insurance Proceeds in respect of Insured Expenses.

       

      Insured
        Expenses:
        Expenses covered by any insurance policy with respect to the Mortgage
        Loans.

       

      Interest
        Carry Forward Amount:
        As of
        any Distribution Date and with respect to each Class of Certificates (other
        than
        the Class CE, Class P and the Residual Certificates), the sum of (i) the
        excess
        of (a) the Current Interest for such Class with respect to such Distribution
        Date and any prior Distribution Dates over (b) the amount actually distributed
        to such Class of Certificates with respect to interest on such Distribution
        Dates and (ii) interest thereon (to the extent permitted by applicable law)
        at
        the applicable Pass-Through Rate for such Class for the related Accrual Period
        including the Accrual Period relating to such Distribution Date.

       

      Interest
        Determination Date:
        Shall
        mean the second LIBOR Business Day preceding the commencement of each Accrual
        Period.

       

      Interest
        Funds:
        With
        respect to each of Subgroup I-1, Subgroup I-2 and Loan Group II and any
        Distribution Date (1) the sum, without duplication, of (a) all scheduled
        interest during the related Due Period with respect to the Mortgage Loans
        in the
        related Loan Group or Subgroup, less the Servicing Fee, the Trustee Fee and
        the
        LPMI Fee, if any, (b) all Advances relating to interest with respect to the
        Mortgage Loans in the related Loan Group or Subgroup made on or prior to
        the
        related Distribution Account Deposit Date, (c) all Compensating Interest
        with
        respect to the related Mortgage Loans and required to be remitted by the
        Master
        Servicer pursuant to this Agreement with respect to such Distribution Date
        in
        the related Loan Group, (d) Liquidation Proceeds and Subsequent Recoveries
        with
        respect to the related Mortgage Loans collected during the prior calendar
        month
        (to the extent such Liquidation Proceeds and Subsequent Recoveries relate
        to
        interest), and (e) all amounts relating to interest with respect to each
        Mortgage Loan repurchased by EMC in the related Loan Group (on its own behalf
        as
        a Seller and on behalf of Master Funding) pursuant to Sections 2.02 and 2.03
        and
        by the Master Servicer pursuant to Section 3.19, in each case to the extent
        remitted by the Master Servicer to the Distribution Account pursuant to this
        Agreement and (f) the interest portion of any proceeds received from the
        exercise of a Group I Optional Termination or Group II Optional Termination,
        as
        applicable, minus (2) (i) all amounts relating to interest required to be
        reimbursed pursuant to Sections 4.02 and 4.05 or as otherwise set forth in
        this
        Agreement, and (ii) any related Net Swap Payment or related Swap Termination
        Payment (not due to a related Swap Provider Trigger Event and to the extent
        not
        paid by the Swap Administrator from any upfront payment received pursuant
        to any
        related replacement interest rate swap agreements that may be entered into
        by
        the related Supplemental Interest Trust Trustee) owed to the Swap Administrator
        for payment to the related Swap Provider for such Distribution Date and any
        such
        payments remaining unpaid for any prior Distribution Dates.

       

      Interim
        Certification:
        The
        certification substantially in the form of Exhibit Two to the Custodial
        Agreement.

       

      LaSalle:
        LaSalle
        Bank National Association, and any successor thereto.

       

      Last
        Scheduled Distribution Date:
        Solely
        for purposes of the face of the Certificates as follows: with respect to
        the
        Group I Certificates, other than the Class I-1A-1 Certificates and Class
        I-1A-2
        Certificates, the Distribution Date in October 2036; with respect to the
        Class
        I-1A-1 Certificates and Class I-1A-2 Certificates, the Distribution Date
        in June
        2030 and September 2035, respectively. With respect to the Group II
        Certificates, other than the Class II-A-1 Certificates and Class II-A-2
        Certificates, the Distribution Date in October 2036; with respect to the
        Class
        II-A-1 Certificates and Class II-A-2 Certificates, the Distribution Date
        in
        November 2028 and February 2036, respectively. 

       

      Latest
        Possible Maturity Date:
        With
        respect to the Group I Certificates, October 25, 2036, which is the Distribution
        Date in the month following the final scheduled maturity date of the Group
        I
        Mortgage Loan in the Trust Fund having the latest scheduled maturity date
        as of
        the Cut-off Date. With respect to the Group II Certificates, October 25,
        2036,
        which is the Distribution Date in the month following the final scheduled
        maturity date of the Group II Mortgage Loan in the Trust Fund having the
        latest
        scheduled maturity date as of the Cut-off Date. For purposes of the Treasury
        regulations under Sections 860A through 860G of the Code, the latest possible
        maturity date of each Regular Interest issued by REMIC I, each REMIC III
        Group I
        Regular Interest, each Regular Interest issued by REMIC IV the ownership
        of
        which is represented by the Class I-A Certificates and Class I-M Certificates,
        the Class I-CE Interest, the Class I-P Interest, the Class I-IO Interest,
        each
        Regular Interest the ownership of which is represented by the Class I-CE
        Certificates and Class I-P Certificates, and REMIC VII Regular Interest IO,
        shall be the Distribution Date in the month following the final scheduled
        maturity date of the Group I Mortgage Loan in the Trust Fund having the latest
        scheduled maturity date as of the Cut-off Date, and the latest possible maturity
        date of each Regular Interest issued by REMIC II, each REMIC III Group II
        Regular Interest, each Regular Interest issued by REMIC IV the ownership
        of
        which is represented by the Class II-A Certificates and Class II-M Certificates,
        the Class II-CE Interest, the Class II-P Interest, the Class II-IO Interest,
        each Regular Interest the ownership of which is represented by the Class
        II-CE
        Certificates and Class II-P Certificates, and REMIC X Regular Interest IO,
        shall
        be the Distribution Date in the month following the final scheduled maturity
        date of the Group II Mortgage Loan in the Trust Fund having the latest scheduled
        maturity date as of the Cut-off Date.

       

      LIBOR
        Business Day:
        Shall
        mean a day on which banks are open for dealing in foreign currency and exchange
        in London and New York City.

       

      Liquidated
        Loan:
        With
        respect to any Distribution Date, a defaulted Mortgage Loan that has been
        liquidated through deed-in-lieu of foreclosure, foreclosure sale, trustee’s sale
        or other realization as provided by applicable law governing the real property
        subject to the related Mortgage and any security agreements and as to which
        the
        Master Servicer has made a Final Recovery Determination with respect
        thereto.

       

      Liquidation
        Proceeds:
        Amounts, other than Insurance Proceeds, received in connection with the partial
        or complete liquidation of a Mortgage Loan, whether through trustee’s sale,
        foreclosure sale or otherwise, or in connection with any condemnation or
        partial
        release of a Mortgaged Property and any other proceeds received with respect
        to
        an REO Property, less the sum of related unreimbursed Advances, Servicing
        Fees
        and Servicing Advances and all expenses of liquidation, including property
        protection expenses and foreclosure and sale costs, including court and
        reasonable attorneys fees.

       

      Loan-to-Value
        Ratio:
        The
        fraction, expressed as a percentage, the numerator of which is the original
        principal balance of the related Mortgage Loan and the denominator of which
        is
        the Appraised Value of the related Mortgaged Property.

       

      Loan
        Group:
        Any of
        Loan Group I or Loan Group II.

       

      Loan
        Group I or Group I Mortgage Loans:
        The
        group of Mortgage Loans belonging to Loan Group I included as such on the
        Mortgage Loan Schedule.

       

      Loan
        Group II or Group II Mortgage Loans:
        The
        group of Mortgage Loans belonging to Loan Group II included as such on the
        Mortgage Loan Schedule.

       

      Loan
        Group I:
        The
        group of Mortgage Loans included as such on the Mortgage Loan
        Schedule.

       

      Loan
        Group II:
        The
        group of Mortgage Loans included as such on the Mortgage Loan
        Schedule.

       

      Loss
        Allocation Limitation:
        The
        meaning specified in Section 5.05(b) hereof.

       

      LPMI
        Fee:
        The fee
        payable to the insurer for each Mortgage Loan subject to an LPMI Policy as
        set
        forth in such LPMI Policy.

       

      LPMI
        Policy:
        A
        policy of mortgage guaranty insurance issued by an insurer meeting the
        requirements of Fannie Mae and Freddie Mac in which the Master Servicer or
        the
        related subservicer of the related Mortgage Loan is responsible for the payment
        of the LPMI Fee thereunder from collections on the related Mortgage
        Loan.

       

      Majority
        Class CE Certificateholder:
        Any of
        the Majority Class I-CE Certificateholder or Majority Class II-CE
        Certificateholder.

       

      Majority
        Class I-CE Certificateholder:
        The
        Holder of a 50.01% or greater Percentage Interest in the Class I-CE
        Certificates.

       

      Majority
        Class II-CE Certificateholder:
        The
        Holder of a 50.01% or greater Percentage Interest in the Class II-CE
        Certificates.

       

      Master
        Funding:
        Master
        Funding LLC, a Delaware limited liability company, and its successors and
        assigns, in its capacity as the seller of the Master Funding Mortgage Loans
        to
        the Depositor.

       

      Master
        Funding Mortgage Loans:
        The
        Mortgage Loans identified as such on the Mortgage Loan Schedule for which
        Master
        Funding is the applicable Seller.

       

      Master
        Servicer:
        EMC
        Mortgage Corporation, in its capacity as master servicer, and its successors
        and
        assigns.

       

      Maximum
        Mortgage Rate:
        With
        respect to each Adjustable Rate Mortgage Loan, the percentage set forth in
        the
        related Mortgage Note as the maximum Mortgage Rate thereunder.

       

      MERS:
        Mortgage Electronic Registration Systems, Inc., a corporation organized and
        existing under the laws of the State of Delaware, or any successor
        thereto.

       

      MERS®
        System:
        The
        system of recording transfers of Mortgages electronically maintained by
        MERS.

       

      MIN:
        The
        Mortgage Identification Number for Mortgage Loans registered with MERS on
        the
        MERS® System.

       

      Minimum
        Mortgage Rate:
        With
        respect to each Adjustable Rate Mortgage Loan, the percentage set forth in
        the
        related Mortgage Note as the minimum Mortgage Rate thereunder.

       

      MOM
        Loan:
        With
        respect to any Mortgage Loan, MERS acting as the mortgagee of such Mortgage
        Loan, solely as nominee for the originator of such Mortgage Loan and its
        successors and assigns, at the origination thereof.

       

      Monthly
        Statement:
        The
        statement delivered to the Certificateholders pursuant to Section
        5.06.

       

      Moody’s:
        Moody’s
        Investors Service, Inc., and any successor thereto.

       

      Mortgage:
        The
        mortgage, deed of trust or other instrument creating a first or second lien
        on
        or first or second priority ownership interest in an estate in fee simple
        in
        real property securing a Mortgage Note.

       

      Mortgage
        File:
        The
        mortgage documents listed in Section 2.01 hereof pertaining to a particular
        Mortgage Loan and any additional documents delivered to the Custodian to
        be
        added to the Mortgage File pursuant to this Agreement and the Custodial
        Agreement.

       

      Mortgage
        Loans:
        Such of
        the Mortgage Loans transferred and assigned to the Trustee pursuant to the
        provisions hereof, as from time to time are held as a part of the Trust Fund
        (including any REO Property), the mortgage loans so held being identified
        in the
        Mortgage Loan Schedule and separated into Group I Mortgage Loan and Group
        II
        Mortgage Loans, notwithstanding foreclosure or other acquisition of title
        of the
        related Mortgaged Property.

       

      Mortgage
        Loan Purchase Agreement:
        The
        Mortgage Loan Purchase Agreement, dated as of November 30, 2006, among EMC,
        as a
        seller, Master Funding, as a seller and the Depositor, as purchaser in the
        form
        attached hereto as Exhibit L.

       

      Mortgage
        Loan Purchase Price:
        The
        price, calculated as set forth in Section 10.01, to be paid in connection
        with
        the repurchase of the Mortgage Loans pursuant to Section 10.01.

       

      Mortgage
        Loan Schedule:
        The
        list of Mortgage Loans (as from time to time amended by the Seller or the
        Master
        Servicer to reflect the deletion of Deleted Mortgage Loans and the addition
        of
        Replacement Mortgage Loans pursuant to the provisions of this Agreement)
        transferred to the Trustee as part of the Trust Fund and from time to time
        subject to this Agreement, the initial Mortgage Loan Schedule being attached
        hereto as Exhibit B setting forth the following information with respect
        to each
        Mortgage Loan:

       

      (a)  the
        city,
        state and zip code of the Mortgaged Property; 

      (b)  the
        property type;

      (c)  the
        Mortgage Interest Rate;

      (d)  the
        Servicing Fee Rate;

      (e)  the
        Master Servicer's Fee Rate;

      (f)  the
        LPMI
        Fee, if applicable;

      (g)  [reserved];

      (h)  the
        Net
        Rate;

      (i)  the
        maturity date;

      (j)  the
        stated original term to maturity;

      (k)  the
        stated remaining term to maturity;

      (l)  the
        original Principal Balance;

      (m)  the
        first
        payment date;

      (n)  the
        principal and interest payment in effect as of the Cut-off Date;

      (o)  the
        unpaid Principal Balance as of the Cut-off Date;

      (p)  the
        Loan-to-Value Ratio at origination;

      (q)  the
        insurer of any Primary Mortgage Insurance Policy;

      (r)  the
        MIN
        with respect to each MOM Loan;

      (s)  the
        Gross
        Margin, if applicable;

      (t)  the
        next
        Adjustment Date, if applicable;

      (u)  the
        Maximum Mortgage Rate, if applicable;

      (v)  the
        Minimum Mortgage Rate, if applicable;

      (w)  the
        Periodic Rate Cap, if applicable; 

      (x)  the
        Loan
        Group, if applicable;

      (y)  a
        code
        indicating whether the Mortgage Loan is negatively amortizing;

      (z)  which
        Mortgage Loans adjust after an initial fixed-rate period of one, two, three,
        five, seven or ten years or any other period; 

      (aa)  the
        Prepayment Charge, if any;

      (bb)  lien
        position (e.g., first lien or second lien);

      (cc)  a
        code
        indicating whether the Mortgage Loan is has a balloon payment;

      (dd)  a
        code
        indicating whether the Mortgage Loan is an interest-only loan; 

      (ee)  the
        interest-only term, if applicable;

      (ff)  the
        Mortgage Loan Seller; and

      (gg)  the
        original amortization term.

       

      Such
        schedule also shall set forth for all of the Mortgage Loans, the total number
        of
        Mortgage Loans, the total of each of the amounts described under (n) and
        (o)
        above, the weighted average by principal balance as of the Cut-off Date of
        each
        of the rates described under (c) through (h) above, and the weighted average
        remaining term to maturity by unpaid principal balance as of the Cut-off
        Date.

       

      Mortgage
        Note:
        The
        original executed note or other evidence of indebtedness of a Mortgagor under
        a
        Mortgage Loan.

       

      Mortgage
        Rate:
        With
        respect to each fixed rate Mortgage Loan, the rate set forth in the related
        Mortgage Note. With respect to each Adjustable Rate Mortgage Loan, the annual
        rate at which interest accrues on such Mortgage Loan from time to time in
        accordance with the provisions of the related Mortgage Note, which rate (A)
        as
        of any date of determination until the first Adjustment Date following the
        Cut-off Date shall be the rate set forth in the Mortgage Loan Schedule as
        the
        Mortgage Rate in effect immediately following the Cut-off Date and (B) as
        of any
        date of determination thereafter shall be the rate as adjusted on the most
        recent Adjustment Date, to equal the sum, rounded to the next highest or
        nearest
        0.125% (as provided in the Mortgage Note), of the Index, determined as set
        forth
        in the related Mortgage Note, plus the related Gross Margin subject to the
        limitations set forth in the related Mortgage Note. With respect to each
        Mortgage Loan that becomes an REO Property, as of any date of determination,
        the
        annual rate determined in accordance with the immediately preceding sentence
        as
        of the date such Mortgage Loan became an REO Property.

       

      Mortgaged
        Property:
        The
        underlying property securing a Mortgage Loan.

       

      Mortgagor:
        The
        obligors on a Mortgage Note.

       

      Net
        Mortgage Rate:
        As to
        each Mortgage Loan, and at any time, the per annum rate equal to the Mortgage
        Rate less the sum of (i) the Servicing Fee Rate, (ii) the Trustee Fee Rate
        and
        (iii) the rate at which the LPMI Fee is calculated, if any.

       

      Net
        Rate Cap:
        With
        respect to any Distribution Date and the Class I-1A Certificates, the excess,
        if
        any, of (A) a per annum rate equal to the product of (x) the weighted average
        of
        the Net Mortgage Rates on the then outstanding Group I Mortgage Loans in
        Subgroup I-1, weighted based on the Stated Principal Balances of such Group
        I
        Mortgage Loans as of the related Due Date prior to giving effect to any
        reduction in the Stated Principal Balances of such Group I Mortgage Loans
        on
        such Due Date, and (y) a fraction, the numerator of which is 30 and the
        denominator of which is the actual number of days elapsed in the related
        Accrual
        Period, over (B) an amount, expressed as a per annum rate, equal to the sum
        of
        (i) the Group I Net Swap Payment payable to the Group I Swap Provider on
        such
        Distribution Date and (ii) any Group I Swap Termination Payment not due to
        a
        Group I Swap Provider Trigger Event payable to the Group I Swap Provider
        (to the
        extent not paid by the Swap Administrator from any upfront payment received
        pursuant to any related replacement interest rate swap agreement that may
        be
        entered into by the Group I Supplemental Interest Trust Trustee), divided
        by the
        aggregate outstanding Stated Principal Balance of the Group I Mortgage Loans
        as
        of the related Due Date prior to giving effect to any reduction in the Stated
        Principal Balances of such Group I Mortgage Loans on such Due Date, multiplied
        by 12. The Net Rate Cap for the Class I-1A Certificates will be adjusted
        to an
        effective rate reflecting the accrual of interest on an actual/360 basis.
        With
        respect to any Distribution Date and the REMIC IV Regular Interests the
        ownership of which is represented by the Class I-1A Certificates, a per annum
        rate equal to the weighted average (adjusted for the actual number of days
        elapsed in the related Accrual Period) of the Uncertificated REMIC III
        Pass-Through Rate on REMIC III Regular Interest I-1-Grp, weighted on the
        basis
        of the Uncertificated Principal Balance of such REMIC III Regular Interest
        immediately prior to such Distribution Date.

       

      With
        respect to any Distribution Date and the Class I-2A Certificates, the excess,
        if
        any, of (A) a per annum rate equal to the product of (x) the weighted average
        of
        the Net Mortgage Rates on the then outstanding Mortgage Loans in Subgroup
        I-2,
        weighted based on the Stated Principal Balances of such Group I Mortgage
        Loans
        as of the related Due Date prior to giving effect to any reduction in the
        Stated
        Principal Balances of such Group I Mortgage Loans on such Due Date, and (y)
        a
        fraction, the numerator of which is 30 and the denominator of which is the
        actual number of days elapsed in the related Accrual Period, over (B) an
        amount,
        expressed as a per annum rate, equal to the sum of (i) the Group I Net Swap
        Payment payable to the Group I Swap Provider on such Distribution Date and
        (ii)
        any Group I Swap Termination Payment not due to a Group I Swap Provider Trigger
        Event payable to the Group I Swap Provider (to the extent not paid by the
        Swap
        Administrator from any upfront payment received pursuant to any related
        replacement interest rate swap agreement that may be entered into by the
        Group I
        Supplemental Interest Trust Trustee), divided by the aggregate outstanding
        Stated Principal Balance of the Group I Mortgage Loans as of the related
        Due
        Date prior to giving effect to any reduction in the Stated Principal Balances
        of
        such Group I Mortgage Loans on such Due Date, multiplied by 12. The Net Rate
        Cap
        for the Class I-2A Certificates will be adjusted to an effective rate reflecting
        the accrual of interest on an actual/360 basis. With respect to any Distribution
        Date and the REMIC IV Regular Interests the ownership of which is represented
        by
        the Class I-2A Certificates, a per annum rate equal to the weighted average
        (adjusted for the actual number of days elapsed in the related Accrual Period)
        of the Uncertificated REMIC III Pass-Through Rate on REMIC III Regular Interest
        I-2-Grp, weighted on the basis of the Uncertificated Principal Balance of
        such
        REMIC III Regular Interest immediately prior to such Distribution
        Date.

       

      With
        respect to any Distribution Date and the Class I-M Certificates, the excess,
        if
        any, of (A) a per annum rate equal to the product of (x) the weighted average
        of
        the weighted average of the Net Mortgage Rates on the then outstanding Group
        I
        Mortgage Loans in each Subgroup, weighted in proportion to the results of
        subtracting from the aggregate Stated Principal Balances of each such Subgroup
        as of the related Due Date prior to giving effect to any reduction in the
        Stated
        Principal Balances of such Group I Mortgage Loans on such Due Date, the
        aggregate Certificate Principal Balance of the related Class or Classes of
        Class
        I-A Certificates and (y) a fraction, the numerator of which is 30 and the
        denominator of which is the actual number of days elapsed in the related
        Accrual
        Period, over (B) an amount, expressed as a per annum rate, equal to the sum
        of
        (i) the Group I Net Swap Payment payable to the Group I Swap Provider on
        such
        Distribution Date and (ii) any Group I Swap Termination Payment not due to
        a
        Group I Swap Provider Trigger Event payable to the Group I Swap Provider
        (to the
        extent not paid by the Swap Administrator from any upfront payment received
        pursuant to any related replacement interest rate swap agreement that may
        be
        entered into by the Group I Supplemental Interest Trust Trustee), divided
        by the
        aggregate outstanding Stated Principal Balance of the Group I Mortgage Loans
        as
        of the related Due Date prior to giving effect to any reduction in the Stated
        Principal Balances of such Group I Mortgage Loans on such Due Date, multiplied
        by 12. The Net Rate Cap for the Class I-M Certificates will be adjusted to
        an
        effective rate reflecting the accrual of interest on an actual/360 basis.
        With
        respect to any Distribution Date and the REMIC IV Regular Interests the
        ownership of which is represented by the Class I-M Certificates, a per annum
        rate equal to the weighted average (adjusted for the actual number of days
        elapsed in the related Accrual Period) of the Uncertificated REMIC III
        Pass-Through Rates on (a) REMIC III Regular Interest I-1-Sub, subject to
        a cap
        and a floor equal to the Uncertificated REMIC III Pass-Through Rate on REMIC
        III
        Regular Interest I-1-Grp and (b) REMIC III Regular Interest I-2-Sub, subject
        to
        a cap and a floor equal to the Uncertificated REMIC III Pass-Through Rate
        on
        REMIC III Regular Interest I-2-Grp, in each case as determined for such
        Distribution Date, weighted on the basis of the Uncertificated Principal
        Balances of each such REMIC III Regular Interest immediately prior to such
        Distribution Date.

       

      With
        respect to any Distribution Date and the Class II-A Certificates and Class
        II-M
        Certificates, the excess, if any, of (A) a per annum rate equal to the product
        of (x) the weighted average of the Net Mortgage Rates on the then outstanding
        Group II Mortgage Loans, weighted based on the Stated Principal Balances
        of such
        Group II Mortgage Loans as
        of the
        related Due Date prior to giving effect to any reduction in the Stated Principal
        Balances of such Group II Mortgage Loans on such Due Date,
        and (y)
        a fraction, the numerator of which is 30 and the denominator of which is
        the
        actual number of days elapsed in the related Accrual Period, over (B) an
        amount,
        expressed as a per annum rate, equal to the sum of (i) the Group II Net Swap
        Payment payable to the Group II Swap Provider on such Distribution Date and
        (ii)
        any Group II Swap Termination Payment not due to a Group II Swap Provider
        Trigger Event payable to the Group II Swap Provider (to the extent not paid
        by
        the Swap Administrator from any upfront payment received pursuant to any
        related
        replacement interest rate swap agreement that may be entered into by the
        Group
        II Supplemental Interest Trust Trustee), divided by the aggregate outstanding
        Stated Principal Balance of the Group II Mortgage Loans as of the related
        Due
        Date prior to giving effect to any reduction in the Stated Principal Balances
        of
        such Group II Mortgage Loans on such Due Date, multiplied by 12. The Net
        Rate
        Cap for the Class II-A Certificates and Class II-M Certificates will be adjusted
        to an effective rate reflecting the accrual of interest on an actual/360
        basis.
        With respect to any Distribution Date and the REMIC IV Regular Interests
        the
        ownership of which is represented by Class II-A Certificates and Class II-M
        Certificates, a per annum rate equal to the weighted average (adjusted for
        the
        actual number of days elapsed in the related Accrual Period) of the
        Uncertificated REMIC III Pass-Through Rates on the REMIC III Group II Regular
        Interests (other than REMIC III Regular Interests II-IO and II-P), weighted
        on
        the basis of the Uncertificated Principal Balances of each such REMIC III
        Group
        II Regular Interest immediately prior to such Distribution Date.

       

      Net
        Swap Payment:
        Any of
        the Group I Net Swap Payment or the Group II Net Swap Payment.

       

      Non
        Book-Entry Certificate:
        Any
        Certificate other than a Book-Entry Certificate.

       

      Nonrecoverable
        Advance:
        Any
        portion of an Advance previously made or proposed to be made by the Master
        Servicer pursuant to this Agreement, that, in the good faith judgment of
        the
        Master Servicer, will not or, in the case of a proposed advance, would not,
        be
        ultimately recoverable by it from the related Mortgagor, related Liquidation
        Proceeds, Insurance Proceeds or otherwise.

       

      Offered
        Certificates:
        The
        Class I-1A-1, Class I-1A-2, Class I-1A-3, Class I-2A, Class I-M-1, Class
        I-M-2,
        Class I-M-3, Class I-M-4, Class I-M-5, Class I-M-6, Class I-M-7, Class I-M-8,
        Class I-M-9, Class II-A-1, Class II-A-2, Class II-A-3, Class II-M-1, Class
        II-M-2, Class II-M-3, Class II-M-4, Class II-M-5, Class II-M-6, Class II-M-7,
        Class II-M-8 and Class II-M-9 Certificates.

       

      Officer’s
        Certificate:
        A
        certificate (i) signed by the Chairman of the Board, the Vice Chairman of
        the
        Board, the President, a Vice President (however denominated), an Assistant
        Vice
        President, the Treasurer, the Secretary, or one of the assistant treasurers
        or
        assistant secretaries of the Depositor or the Master Servicer (or any other
        officer customarily performing functions similar to those performed by any
        of
        the above designated officers and also to whom, with respect to a particular
        matter, such matter is referred because of such officer’s knowledge of and
        familiarity with a particular subject) or (ii), if provided for in this
        Agreement, signed by a Servicing Officer, as the case may be, and delivered
        to
        the Depositor, the Seller, Master Funding and/or the Trustee, as the case
        may
        be, as required by this Agreement.

       

      One-Month
        LIBOR:
        With
        respect to any Accrual Period, the rate determined by the Trustee on the
        related
        Interest Determination Date on the basis of the rate for U.S. dollar deposits
        for one month that appears on Telerate Screen Page 3750 as of 11:00 a.m.
        (London
        time) on such Interest Determination Date. If such rate does not appear on
        such
        page (or such other page as may replace that page on that service, or if
        such
        service is no longer offered, such other service for displaying One-Month
        LIBOR
        or comparable rates as may be reasonably selected by the Trustee), One-Month
        LIBOR for the applicable Accrual Period will be the Reference Bank Rate.
        If no
        such quotations can be obtained by the Trustee and no Reference Bank Rate
        is
        available, One-Month LIBOR will be One-Month LIBOR applicable to the preceding
        Accrual Period. The establishment of One-Month LIBOR on each Interest
        Determination Date by the Trustee and the Trustee’s calculation of the rate of
        interest applicable to the Class A Certificates and Class M Certificates
        for the
        related Accrual Period shall, in the absence of manifest error, be final
        and
        binding.

       

      One-Month
        LIBOR Pass-Through Rate:
        With
        respect to each Class A Certificate and Class M Certificate and, for purposes
        of
        the definitions of “Group I Marker Rate”, “Group I Maximum Uncertificated
        Accrued Interest Deferral Amount”, “Group II Marker Rate” and “Group II Maximum
        Uncertificated Accrued Interest Deferral Amount”, the related REMIC III Regular
        Interest for which such Certificate is the Corresponding Certificate, a per
        annum rate equal to One-Month LIBOR plus the related Certificate
        Margin.

       

      Opinion
        of Counsel:
        A
        written opinion of counsel, who may be counsel for the Seller, the Depositor
        or
        the Master Servicer, reasonably acceptable to each addressee of such opinion;
        provided that with respect to Section 2.05, 7.05, 7.07 or 11.01, or the
        interpretation or application of the REMIC Provisions, such counsel must
        (i) in
        fact be independent of the Seller, Depositor and the Master Servicer, (ii)
        not
        have any direct financial interest in the
        Seller, the
        Depositor or the Master Servicer or in any affiliate of either, and (iii)
        not be
        connected with the Seller, the Depositor or the Master Servicer as an officer,
        employee, promoter, underwriter, trustee, partner, director or person performing
        similar functions.

       

      Optional
        Termination:
        Any of
        Group I Optional Termination or Group II Optional Termination.

       

      Optional
        Termination Date:
        Any of
        the Group I Optional Termination Date or Group II Optional Termination
        Date.

       

      Original
        Value:
        The
        value of the property underlying a Mortgage Loan based, in the case of the
        purchase of the underlying Mortgaged Property, on the lower of an appraisal
        or
        the sales price of such property or, in the case of a refinancing, on an
        appraisal.

       

      OTS:
        The
        Office of Thrift Supervision.

       

      Outstanding:
        With
        respect to the Certificates as of any date of determination, all Certificates
        theretofore executed and authenticated under this Agreement except:

       

      (a) Certificates
        theretofore canceled by the Trustee or delivered to the Trustee for
        cancellation; and

       

      (b) Certificates
        in exchange for which or in lieu of which other Certificates have been executed
        and delivered by the Trustee pursuant to this Agreement.

       

      Outstanding
        Mortgage Loan:
        As of
        any date of determination, a Mortgage Loan with a Stated Principal Balance
        greater than zero that was not the subject of a Principal Prepayment in full,
        and that did not become a Liquidated Loan, prior to the end of the related
        Prepayment Period.

       

      Overcollateralization
        Amount:
        Any of
        the Group I Overcollateralization Amount and Group II Overcollateralization
        Amount.

       

      Overcollateralization
        Release Amount:
        Any of
        the Group I Overcollateralization Release Amount or Group II
        Overcollateralization Release Amount.

       

      Overcollateralization
        Target Amount:
        Any of
        the Group I Overcollateralization Target Amount or Group II
        Overcollateralization Target Amount.

       

      Ownership
        Interest:
        As to
        any Certificate, any ownership interest in such Certificate including any
        interest in such Certificate as the Holder thereof and any other interest
        therein, whether direct or indirect, legal or beneficial.

       

      Pass-Through
        Rate:
        With
        respect to the Class A Certificates and Class M Certificates and any
        Distribution Date, a per annum rate equal to the lesser of (i) the related
        One-Month LIBOR Pass-Through Rate for such Distribution Date and (ii) the
        related Net Rate Cap for such Distribution Date.

       

      With
        respect to the Class I-CE Interest and any Distribution Date, a rate per
        annum
        equal to the percentage equivalent of a fraction, the numerator of which
        is (x)
        the sum of the amount determined for each REMIC III Group I Regular Interest
        (other than REMIC III Regular Interests I-IO, I-P, I-1-Sub, I-1-Grp, I-2-Sub,
        I-2-Grp and I-XX) equal to the product of (a) the excess, if any, of the
        Uncertificated REMIC III Pass-Through Rate for such REMIC III Group I Regular
        Interest over the Group I Marker Rate and (b) a notional amount equal to
        the
        Uncertificated Principal Balance of such REMIC III Group I Regular Interest,
        and
        the denominator of which is (y) the aggregate Uncertificated Principal Balance
        of such REMIC III Group I Regular Interests.

       

      With
        respect to the Class II-CE Interest and any Distribution Date, a rate per
        annum
        equal to the percentage equivalent of a fraction, the numerator of which
        is the
        sum of the amount determined for each REMIC III Group II Regular Interest
        (other
        than REMIC III Regular Interests II-IO and II-P) equal to the product of
        (a) the
        excess, if any, of the Uncertificated REMIC III Pass-Through Rate for such
        REMIC
        III Group II Regular Interest over the Group II Marker Rate and (b) a notional
        amount equal to the Uncertificated Principal Balance of such REMIC III Group
        II
        Regular Interest, and the denominator of which is the aggregate Uncertificated
        Principal Balance of such REMIC III Group II Regular Interests.

       

      With
        respect to the Class I-CE Certificate, the Class I-CE Certificate shall not
        have
        a Pass-Through Rate, but Current Interest for such Certificate and each
        Distribution Date shall be an amount equal to 100% of the amounts distributable
        to the Class I-CE Interest for such Distribution Date.

       

      With
        respect to the Class II-CE Certificate, the Class II-CE Certificate shall
        not
        have a Pass-Through Rate, but Current Interest for such Certificate and each
        Distribution Date shall be an amount equal to 100% of the amounts distributable
        to the Class II-CE Interest for such Distribution Date.

       

      With
        respect to the Class I-P Certificate and the Class I-P Interest, 0.00% per
        annum.

       

      With
        respect to the Class II-P Certificate and the Class II-P Interest, 0.00%
        per
        annum.

       

      With
        respect to the Class I-IO Interest, Class I-IO Interest shall not have a
        Pass-Through Rate, but Current Interest for such interest and each Distribution
        Date shall be an amount equal to 100% of the amounts distributable to REMIC
        III
        Regular Interest I-IO for such Distribution Date.

       

      With
        respect to the Class II-IO Interest, Class II-IO Interest shall not have
        a
        Pass-Through Rate, but Current Interest for such interest and each Distribution
        Date shall be an amount equal to 100% of the amounts distributable to REMIC
        III
        Regular Interest II-IO for such Distribution Date.

       

      With
        respect to REMIC VII Regular Interest IO, REMIC VII Regular Interest IO shall
        not have a Pass-Through Rate, but Current Interest for such Regular Interest
        and
        each Distribution Date shall be an amount equal to 100% of the amounts
        distributable to the Class I-IO Interest for such Distribution
        Date.

       

      With
        respect to REMIC X Regular Interest IO, REMIC X Regular Interest IO shall
        not
        have a Pass-Through Rate, but Current Interest for such Regular Interest
        and
        each Distribution Date shall be an amount equal to 100% of the amounts
        distributable to the Class II-IO Interest for such Distribution
        Date.

       

      Pass-Through
        Transfer:
        Any
        transaction involving either (1) a sale or other transfer of mortgage loans
        directly or indirectly to an issuing entity in connection with an issuance
        of
        publicly offered or privately placed, rated or unrated mortgage-backed
        securities or (2) an issuance of publicly offered or privately placed, rated
        or
        unrated securities, the payments on which are determined primarily by reference
        to one or more portfolios of residential mortgage loans.

       

      Percentage
        Interest:
        With
        respect to any Certificate of a specified Class, the Percentage Interest
        set
        forth on the face thereof or the percentage obtained by dividing the
        Denomination of such Certificate by the aggregate of the Denominations of
        all
        Certificates of such Class.

       

      Periodic
        Rate Cap:
        With
        respect to each Adjustable Rate Mortgage Loan and any Adjustment Date therefor,
        the fixed percentage set forth in the related Mortgage Note, which is the
        maximum amount by which the Mortgage Rate for such Mortgage Loan may increase
        or
        decrease (without regard to the Maximum Mortgage Rate or the Minimum Mortgage
        Rate) on such Adjustment Date from the Mortgage Rate in effect immediately
        prior
        to such Adjustment Date.

       

      Permitted
        Investments:
        At any
        time, any one or more of the following obligations and securities:

       

      	(i)  	
              obligations
                of the United States or any agency thereof, provided such obligations
                are
                backed by the full faith and credit of the United
                States;

            

       

      	(ii)  	
              general
                obligations of or obligations guaranteed by any state of the United
                States
                or the District of Columbia receiving the highest long-term debt
                rating of
                each Rating Agency, or such lower rating as will not result in the
                downgrading or withdrawal of the ratings then assigned to the Certificates
                by each Rating Agency, as evidenced in
                writing;

            

       

      	(iii)  	
              commercial
                or finance company paper which is then receiving the highest commercial
                or
                finance company paper rating of each Rating Agency, or such lower
                rating
                as will not result in the downgrading or withdrawal of the ratings
                then
                assigned to the Certificates by each Rating Agency, as evidenced
                in
                writing;

            

       

      	(iv)  	
              certificates
                of deposit, demand or time deposits, or bankers’ acceptances issued by any
                depository institution or trust company incorporated under the laws
                of the
                United States or of any state thereof and subject to supervision
                and
                examination by federal and/or state banking authorities (including
                the
                Trustee in its commercial banking capacity), provided that the commercial
                paper and/or long term unsecured debt obligations of such depository
                institution or trust company are then rated one of the two highest
                long-term and the highest short-term ratings of each such Rating
                Agency
                for such securities, or such lower ratings as will not result in
                the
                downgrading or withdrawal of the rating then assigned to the Certificates
                by any Rating Agency, as evidenced in
                writing;

            

       

      	(v)  	
              guaranteed
                reinvestment agreements issued by any bank, insurance company or
                other
                corporation containing, at the time of the issuance of such agreements,
                such terms and conditions as will not result in the downgrading or
                withdrawal of the rating then assigned to the Certificates by each
                Rating
                Agency, as evidenced in writing;

            

       

      	(vi)  	
              repurchase
                obligations with respect to any security described in clauses (i)
                and (ii)
                above, in either case entered into with a depository institution
                or trust
                company (acting as principal) described in clause (v)
                above;

            

       

      	(vii)  	
              securities
                (other than stripped bonds, stripped coupons or instruments sold
                at a
                purchase price in excess of 115% of the face amount thereof) bearing
                interest or sold at a discount issued by any corporation incorporated
                under the laws of the United States or any state thereof which, at
                the
                time of such investment, have one of the two highest short term ratings
                of
                each Rating Agency (except if the Rating Agency is Moody’s, such rating
                shall be the highest commercial paper rating of Moody’s for any such
                securities), or such lower rating as will not result in the downgrading
                or
                withdrawal of the rating then assigned to the Certificates by each
                Rating
                Agency, as evidenced by a signed writing delivered by each Rating
                Agency;

            

       

      	(viii)  	
              interests
                in any money market fund (including any such fund managed or advised
                by
                the Trustee or any affiliate thereof) which at the date of acquisition
                of
                the interests in such fund and throughout the time such interests
                are held
                in such fund has the highest applicable short term rating by each
                Rating
                Agency or such lower rating as will not result in the downgrading
                or
                withdrawal of the ratings then assigned to the Certificates by each
                Rating
                Agency, as evidenced in writing;

            

       

      	(ix)  	
              short
                term investment funds sponsored by any trust company or banking
                association incorporated under the laws of the United States or any
                state
                thereof (including any such fund managed or advised by the Trustee
                or the
                Master Servicer or any affiliate thereof) which on the date of acquisition
                has been rated by each Rating Agency in their respective highest
                applicable rating category or such lower rating as will not result
                in the
                downgrading or withdrawal of the ratings then assigned to the Certificates
                by each Rating Agency, as evidenced in writing;
                and

            

       

      	(x)  	
              such
                other investments having a specified stated maturity and bearing
                interest
                or sold at a discount acceptable to each Rating Agency and as will
                not
                result in the downgrading or withdrawal of the rating then assigned
                to the
                Certificates by any Rating Agency, as evidenced by a signed writing
                delivered by each Rating Agency;

            

       

      provided,
        that no such instrument shall be a Permitted Investment if such instrument
        (i)
        evidences the right to receive interest only payments with respect to the
        obligations underlying such instrument, (ii) is purchased at a premium or
        (iii)
        is purchased at a deep discount; provided further that no such instrument
        shall
        be a Permitted Investment (A) if such instrument evidences principal and
        interest payments derived from obligations underlying such instrument and
        the
        interest payments with respect to such instrument provide a yield to maturity
        of
        greater than 120% of the yield to maturity at par of such underlying
        obligations, or (B) if it may be redeemed at a price below the purchase price
        (the foregoing clause (B) not to apply to investments in units of money market
        funds pursuant to clause (viii) above); provided further that no amount
        beneficially owned by any REMIC may be invested in investments (other than
        money
        market funds) treated as equity interests for federal income tax purposes,
        unless the Trustee shall receive an Opinion of Counsel, at the expense of
        the
        Trustee, to the effect that such investment will not adversely affect the
        status
        of any such REMIC as a REMIC under the Code or result in imposition of a
        tax on
        any such REMIC. Permitted Investments that are subject to prepayment or call
        may
        not be purchased at a price in excess of par.

       

      Permitted
        Transferee:
        Any
        person (x) other than (i) the United States, any State or political subdivision
        thereof, any possession of the United States or any agency or instrumentality
        of
        any of the foregoing, (ii) a foreign government, International Organization
        or
        any agency or instrumentality of either of the foregoing, (iii) an organization
        (except certain farmers’ cooperatives described in section 521 of the Code) that
        is exempt from tax imposed by Chapter 1 of the Code (including the tax imposed
        by section 511 of the Code on unrelated business taxable income) on any excess
        inclusions (as defined in section 860E(c)(1) of the Code) with respect to
        any
        Residual Certificate, (iv) rural electric and telephone cooperatives described
        in section 1381(a)(2)(C) of the Code or (v) on electing large partnership
        within
        the meaning of Section 775(a) of the Code, (y) that is a citizen or resident
        of
        the United States, a corporation, partnership (other than a partnership that
        has
        any direct or indirect foreign partners) or other entity (treated as a
        corporation or a partnership for federal income tax purposes), created or
        organized in or under the laws of the United States, any State thereof or
        the
        District of Columbia, an estate whose income from sources without the United
        States is includible in gross income for United States federal income tax
        purposes regardless of its connection with the conduct of a trade or business
        within the United States, or a trust if a court within the United States
        is able
        to exercise primary supervision over the administration of the trust and
        one or
        more United States persons have authority to control all substantial decisions
        of the trust or if it has a valid election in effect under applicable U.S.
        Treasury regulations to be treated as a United States person and (z) other
        than
        any other Person so designated by the Trustee based upon an Opinion of Counsel
        addressed to the Trustee (which shall not be an expense of the Trustee) that
        states that the Transfer of an Ownership Interest in a Residual Certificate
        to
        such Person may cause REMIC I, REMIC II, REMIC III, REMIC IV, REMIC V, REMIC
        VI,
        REMIC VII, REMIC VIII, REMIC IX or REMIC X to fail to qualify as a REMIC
        at any
        time that any Certificates are Outstanding. The terms “United States,” “State”
and “International Organization” shall have the meanings set forth in section
        7701 of the Code or successor provisions. A corporation will not be treated
        as
        an instrumentality of the United States or of any State or political subdivision
        thereof for these purposes if all of its activities are subject to tax and,
        with
        the exception of Freddie Mac, a majority of its board of directors is not
        selected by such government unit.

       

      Person:
        Any
        individual, corporation, partnership, joint venture, association, joint-stock
        company, limited liability company, trust, unincorporated organization or
        government, or any agency or political subdivision thereof.

       

      Piggyback
        Loan:
        A
        second lien Mortgage Loan originated by the same originator to the same borrower
        at the same time as the first lien Mortgage Loan, each secured by the same
        Mortgaged Property.

       

      Prepayment
        Assumption:
        The
        applicable rate of prepayment as described in the Prospectus
        Supplement.

       

      Prepayment
        Charge:
        Any
        prepayment premium, penalty or charge payable by a Mortgagor in connection
        with
        any Principal Prepayment on a Mortgage Loan pursuant to the terms of the
        related
        Mortgage Note.

       

      Prepayment
        Charge Waiver Amount:
        Any
        amount paid by the Master Servicer to the Trustee in respect of waived
        Prepayment Charges related to each Loan Group pursuant to Section
        4.01(a).

       

      Prepayment
        Interest Shortfall:
        With
        respect to any Distribution Date, for each Mortgage Loan that was the subject
        of
        a partial Principal Prepayment during the related Prepayment Period or a
        Principal Prepayment in full during the related Prepayment Period, or that
        became a Liquidated Loan during the prior calendar month, (other than a
        Principal Prepayment in full resulting from the purchase of a Mortgage Loan
        pursuant to Section 2.02, 2.03, 3.19 or 10.01 hereof), the amount, if any,
        by
        which (i) one month’s interest at the applicable Net Mortgage Rate on the Stated
        Principal Balance of such Mortgage Loan immediately prior to such prepayment
        (or
        liquidation) or in the case of a partial Principal Prepayment on the amount
        of
        such prepayment (or liquidation proceeds) exceeds (ii) the amount of interest
        paid or collected in connection with such Principal Prepayment or such
        liquidation proceeds less the sum of (a) the Trustee Fee, (b) the Servicing
        Fee
        and the LPMI Fee, if any, in each case with respect to the related Mortgage
        Loan.

       

      Prepayment
        Period:
        As
        to any
        Distribution Date, and each Principal Prepayment in full, the period commencing
        on the 16th day of the month prior to the month in which the related
        Distribution Date occurs (or with respect to the first Distribution Date,
        the
        period commencing on the Cut-off Date) and ending on the 15th day of the
        month
        in which such Distribution Date occurs. With respect to any Distribution
        Date
        and each partial Principal Prepayment, the calendar month prior to the month
        of
        such Distribution Date.

       

      Primary
        Mortgage Insurance Policy:
        Any
        primary mortgage guaranty insurance policy issued in connection with a Mortgage
        Loan which provides compensation to a Mortgage Note Holder in the event of
        default by the obligor under such Mortgage Note or the related security
        instrument, if any or any replacement policy therefor through the related
        Accrual Period for such Class relating to a Distribution Date.

       

      Principal
        Distribution Amount:
        With
        respect to each Distribution Date and group of Certificates, an amount equal
        to
        (x) the Principal Funds for the related Loan Group for such Distribution
        Date
        plus (y) any Extra Principal Distribution Amount for the group of Certificates
        for such Distribution Date, less (z) any Overcollateralization Release Amount
        for the related Loan Group.

       

      Principal
        Funds:
        With
        respect to each of Subgroup I-1, Subgroup I-2 and Loan Group II and any
        Distribution Date,
        (1) the
        sum, without duplication, of (a) all scheduled principal collected on the
        Mortgage Loans in the related Loan Group or Subgroup during the related Due
        Period, (b) all Advances relating to principal made with respect to the Mortgage
        Loans in the related Loan Group or Subgroup on or before the Distribution
        Account Deposit Date, (c) Principal Prepayments exclusive of Prepayment Charges
        or penalties collected on the Mortgage Loans in the related Loan Group or
        Subgroup during the related Prepayment Period, (d) the Stated Principal Balance
        of each Mortgage Loan in the related Loan Group or Subgroup that was repurchased
        by EMC on its own behalf as a Seller and on behalf of Master Funding) pursuant
        to Sections 2.02 and 2.03 and by the Master Servicer pursuant to Section
        3.19,
        (e) the aggregate of all Substitution Adjustment Amounts for the related
        Determination Date in connection with the substitution of Mortgage Loans
        of the
        related Loan Group or Subgroup pursuant to Section 2.03(c), (f) all Liquidation
        Proceeds and Subsequent Recoveries collected on the Mortgage Loans in the
        related Loan Group or Subgroup during the prior calendar month (to the extent
        such Liquidation Proceeds and Subsequent Recoveries relate to principal),
        in
        each case to the extent remitted by the Master Servicer to the Distribution
        Account pursuant to this Agreement and (g) the principal portion of any proceeds
        received from the exercise of a Group I Optional Termination or Group II
        Optional Termination, as applicable, minus (2)(i) all amounts required to
        be
        reimbursed pursuant to Sections 4.02 and 4.05 or as otherwise set forth in
        this
        Agreement and (ii) any related Net Swap Payments or related Swap Termination
        Payments (not due to a related Swap Provider Trigger Event and to the extent
        not
        paid by the Swap Administrator from any upfront payment received pursuant
        to any
        related replacement interest rate swap agreement that may be entered into
        by the
        related Supplemental Interest Trust Trustee) owed to the Swap Administrator
        for
        payment to the related Swap Provider for such Distribution Date and any such
        payments remaining unpaid for any prior Distribution Dates to the extent
        not
        paid from related Interest Funds.

       

      Principal
        Prepayment:
        Any
        Mortgagor payment or other recovery of (or proceeds with respect to) principal
        on a Mortgage Loan (including loans purchased or repurchased under Sections
        2.02, 2.03, 3.19 and 10.01 hereof) that is received in advance of its scheduled
        Due Date and is not accompanied by an amount as to interest representing
        scheduled interest due on any date or dates in any month or months subsequent
        to
        the month of prepayment. Partial Principal Prepayments shall be applied by
        the
        Master Servicer, as appropriate, in accordance with the terms of the related
        Mortgage Note.

       

      Private
        Certificates:
        Any of
        the Class I-M-10, Class II-M-10, Class P, Class CE and Residual
        Certificates.

       

      Prospectus
        Supplement:
        The
        Prospectus Supplement dated November 29, 2006 relating to the public offering
        of
        the Offered Certificates.

       

      Protected
        Account:
        The
        separate Eligible Account established and maintained by the Master Servicer
        with
        respect to the Mortgage Loans and REO Property in accordance with Section
        4.01
        hereof.

       

      PUD:
        A
        Planned Unit Development.

       

      Purchase
        Price:
        With
        respect to any Mortgage Loan (x) required to be repurchased by the Seller
        pursuant to Section 2.02 or 2.03 hereof or (y) that EMC has a right to purchase
        pursuant to Section 3.19 hereof, an amount equal to the sum of (i) 100% of
        the
        outstanding Stated Principal Balance of the Mortgage Loan as of the date
        of such
        purchase (or if the related Mortgaged Property was acquired with respect
        thereto, 100% of the outstanding Stated Principal Balance at the date of
        the
        acquisition), plus (ii) accrued and unpaid interest thereon at the applicable
        Mortgage Rate through and including the last day of the month in which the
        Purchase Price is to be distributed to Certificateholders, reduced by any
        portion of the Servicing Fee, Servicing Advances and Advances payable to
        the
        purchaser of the Mortgage Loan to the extent EMC is the Master Servicer,
        plus
        (iii) any costs and damages (if any) incurred by the Trust in connection
        with
        any violation of such Mortgage Loan of any anti-predatory lending
        laws.

       

      QIB:
        A
        Qualified Institutional Buyer as defined in Rule 144A promulgated under the
        Securities Act.

       

      Rating
        Agency:
        Each of
        Moody’s and S&P. If any such organization or its successor is no longer in
        existence, “Rating Agency” shall be a nationally recognized statistical rating
        organization, or other comparable Person, designated by the Depositor, notice
        of
        which designation shall be given to the Trustee. References herein to a given
        rating category of a Rating Agency shall mean such rating category without
        giving effect to any modifiers.

       

      Realized
        Loss:
        With
        respect to each Mortgage Loan as to which a Final Recovery Determination
        has
        been made, an amount (not less than zero) equal to (i) the unpaid principal
        balance of such Mortgage Loan as of the commencement of the calendar month
        in
        which the Final Recovery Determination was made, plus (ii) accrued interest
        from
        the Due Date as to which interest was last paid by the Mortgagor or advanced
        through the end of the calendar month in which such Final Recovery Determination
        was made, calculated in the case of each calendar month during such period
        (A)
        at an annual rate equal to the annual rate at which interest was then accruing
        on such Mortgage Loan and (B) on a principal amount equal to the Stated
        Principal Balance of such Mortgage Loan as of the close of business on the
        Distribution Date during such calendar month, minus (iii) the proceeds, if
        any,
        received in respect of such Mortgage Loan during the calendar month in which
        such Final Recovery Determination was made, net of amounts that are payable
        therefrom to the Master Servicer pursuant to this Agreement which have not
        been
        previously reimbursed. With respect to each Mortgage Loan which is the subject
        of a Servicing Modification, (a)(1) the amount by which the interest portion
        of
        a monthly payment or the principal balance of such Mortgage Loan was reduced
        or
        (2) the sum of any other amounts owing under the Mortgage Loan that were
        forgiven and that constitute Servicing Advances that are reimbursable to
        the
        Master Servicer, and (b) any such amount with respect to a monthly payment
        that
        was or would have been due in the month immediately following the month in
        which
        a Principal Prepayment or the Purchase Price of such Mortgage Loan is received
        or is deemed to have been received and not paid due to a Servicing Modification.
        In addition, to the extent the Master Servicer receives Subsequent Recoveries
        with respect to any Mortgage Loan, the amount of the Realized Loss with respect
        to that Mortgage Loan will be reduced to the extent such recoveries are
        distributed to any Class of Certificates or applied to increase Excess Spread
        with respect to such Loan Group on any Distribution Date.

       

      With
        respect to any REO Property as to which a Final Recovery Determination has
        been
        made, an amount (not less than zero) equal to (i) the unpaid principal balance
        of the related Mortgage Loan as of the date of acquisition of such REO Property
        on behalf of REMIC I, plus (ii) accrued interest from the Due Date as to
        which
        interest was last paid by the Mortgagor in respect of the related Mortgage
        Loan
        through the end of the calendar month immediately preceding the calendar
        month
        in which such REO Property was acquired, calculated in the case of each calendar
        month during such period (A) at an annual rate equal to the annual rate at
        which
        interest was then accruing on the related Mortgage Loan and (B) on a principal
        amount equal to the Stated Principal Balance of the related Mortgage Loan
        as of
        the close of business on the Distribution Date during such calendar month,
        plus
        (iii) REO Imputed Interest for such REO Property for each calendar month
        commencing with the calendar month in which such REO Property was acquired
        and
        ending with the calendar month in which such Final Recovery Determination
        was
        made, minus (iv) the aggregate of all unreimbursed Advances and Servicing
        Advances.

       

      With
        respect to each Mortgage Loan which has become the subject of a Deficient
        Valuation, the difference between the principal balance of the Mortgage Loan
        outstanding immediately prior to such Deficient Valuation and the principal
        balance of the Mortgage Loan as reduced by the Deficient Valuation.

       

      With
        respect to each Mortgage Loan which has become the subject of a Debt Service
        Reduction, the portion, if any, of the reduction in each affected Monthly
        Payment attributable to a reduction in the Mortgage Rate imposed by a court
        of
        competent jurisdiction. Each such Realized Loss shall be deemed to have been
        incurred on the Due Date for each affected Monthly Payment.

       

      Record
        Date:
        With
        respect to any Distribution Date and the Certificates (other than the Class
        CE,
        Class P and Residual Certificates), so long as such Classes of Certificates
        are
        Book-Entry Certificates, the Business Day preceding such Distribution Date,
        and
        otherwise, the close of business on the last Business Day of the month preceding
        the month in which such Distribution Date occurs. With respect to the Class
        CE,
        Class P and Residual Certificates, so long as such Classes of Certificates
        remain non Book-Entry Certificates, the close of business on the last Business
        Day of the month preceding the month in which such Distribution Date
        occurs.

       

      Reference
        Banks:
        Shall
        mean leading banks selected by the Trustee and engaged in transactions in
        Eurodollar deposits in the international Eurocurrency market (i) with an
        established place of business in London, (ii) which have been designated
        as such
        by the Trustee and (iii) which are not controlling, controlled by, or under
        common control with, the Depositor, the Seller or the Master
        Servicer.

       

      Reference
        Bank Rate:
        With
        respect to any Accrual Period shall mean the arithmetic mean, rounded upwards,
        if necessary, to the nearest whole multiple of 0.03125%, of the offered rates
        for United States dollar deposits for one month that are quoted by the Reference
        Banks as of 11:00 a.m., New York City time, on the related Interest
        Determination Date to prime banks in the London interbank market for a period
        of
        one month in an amount approximately equal to the aggregate Certificate
        Principal Balance of the Class A Certificates and Class M Certificates for
        such
        Accrual Period, provided that at least two such Reference Banks provide such
        rate. If fewer than two offered rates appear, the Reference Bank Rate will
        be
        the arithmetic mean, rounded upwards, if necessary, to the nearest whole
        multiple of 0.03125%, of the rates quoted by one or more major banks in New
        York
        City, selected by the Trustee, as of 11:00 a.m., New York City time, on such
        date for loans in United States dollars to leading European banks for a period
        of one month in amounts approximately equal to the aggregate Certificate
        Principal Balance of the Class A Certificates and Class M Certificates for
        such
        Accrual Period.

       

      Regular
        Certificate:
        Any of
        the Group I Regular Certificates and Group II Regular Certificates.

       

      Regular
        Interest:
        A
“regular interest” in a REMIC within the meaning of Section 860G(a)(1) of the
        Code.

       

      Regulation
        AB:
        Subpart
        229.1100 - Asset Backed Securities (Regulation AB), 17 C.F.R.
§§229.1100-229.1123, as such may be amended from time to time, and subject
        to
        such clarification and interpretation as have been provided by the Commission
        in
        the adopting release (Asset-Backed Securities, Securities Act Release No.
        33-8518, 70 Fed. Reg. 1,506, 1,531 (Jan. 7, 2005)) or by the staff of the
        Commission, or as may be provided by the Commission or its staff from time
        to
        time.

       

      Relief
        Act:
        The
        Servicemembers Civil Relief Act, as amended, or similar state law.

       

      Relief
        Act Interest Shortfall:
        With
        respect to any Distribution Date and any Mortgage Loan, any reduction in
        the
        amount of interest collectible on such Mortgage Loan for the most recently
        ended
        Due Period as a result of the application of the Relief Act.

       

      Remaining
        Excess Spread:
        With
        respect to any Distribution Date and any Loan Group, the Excess Spread relating
        to such Loan Group less any Extra Principal Distribution Amount relating
        to such
        Loan Group, in each case for such Distribution Date.

       

      REMIC:
        A “real
        estate mortgage investment conduit” within the meaning of section 860D of the
        Code.

       

      REMIC
        I:
        The
        segregated pool of assets described in the Preliminary Statement and Section
        5.07(a).

       

      REMIC
        I Group I Regular Interests:
        REMIC I
        Regular Interest I-1-A through REMIC I Regular Interest I-60-B as designated
        in
        the Preliminary Statement hereto.

       

      REMIC
        I Group II Regular Interests:
        REMIC I
        Regular Interest II-1-A through REMIC I Regular Interest II-60-B as designated
        in the Preliminary Statement hereto.

       

      REMIC
        I Regular Interest:
        Any of
        the separate non-certificated beneficial ownership interests in REMIC I issued
        hereunder and designated as a Regular Interest in REMIC I. Each REMIC I Regular
        Interest shall accrue interest at the related Uncertificated REMIC I
        Pass-Through Rate in effect from time to time, and shall be entitled to
        distributions of principal, subject to the terms and conditions hereof, in
        an
        aggregate amount equal to its initial Uncertificated Principal Balance as
        set
        forth in the Preliminary Statement hereto. The designations for the respective
        REMIC I Regular Interests are set forth in the Preliminary Statement hereto.
        The
        REMIC I Regular Interests consist of the REMIC I Group I Regular Interests,
        the
        REMIC I Group II Regular Interests and REMIC I Regular Interest P, each as
        designated in the Preliminary Statement hereto.

       

      REMIC
        II:
        The
        segregated pool of assets described in the Preliminary Statement and Section
        5.07(a).

       

      REMIC
        II Regular Interest:
        Any of
        the separate non-certificated beneficial ownership interests in REMIC II
        issued
        hereunder and designated as a Regular Interest in REMIC II. Each REMIC II
        Regular Interest shall accrue interest at the related Uncertificated REMIC
        II
        Pass-Through Rate in effect from time to time, and shall be entitled to
        distributions of principal, subject to the terms and conditions hereof, in
        an
        aggregate amount equal to its initial Uncertificated Principal Balance as
        set
        forth in the Preliminary Statement hereto. The designations for the respective
        REMIC II Regular Interests are set forth in the Preliminary Statement hereto.
        The REMIC II Regular Interests consist of REMIC II Regular Interest I-1-A
        through REMIC II Regular Interest I-60-B and REMIC II Regular Interest P,
        each
        as designated in the Preliminary Statement hereto.

       

      REMIC
        III:
        The
        segregated pool of assets described in the Preliminary Statement and Section
        5.07(a).

       

      REMIC
        III Group I Interest Loss Allocation Amount:
        With
        respect to any Distribution Date, an amount (subject to adjustment based
        on the
        actual number of days elapsed in the respective Accrual Period) equal to
        (a) the
        product of (i) 50% of the aggregate Stated Principal Balance of the Group
        I
        Mortgage Loans and the related REO Properties then outstanding and (ii) the
        Uncertificated REMIC III Pass-Through Rate for REMIC III Regular Interest
        I-AA
        minus the Group I Marker Rate, divided by (b) 12.

       

      REMIC
        III Group I Marker Allocation Percentage:
        50% of
        any amount payable or loss allocable from the Group I Mortgage Loans, which
        shall be allocated to REMIC III Regular Interest I-AA, REMIC III Regular
        Interest I-ZZ, and each REMIC III Group I Regular Interest for which a Class
        I-A
        Certificate or Class I-M Certificate is a Corresponding
        Certificate.

       

      REMIC
        III Group I Overcollateralization Amount:
        With
        respect to any date of determination, (i) 0.50% of the aggregate Uncertificated
        Principal Balance of the REMIC III Group I Regular Interests (other than
        REMIC
        III Regular Interests I-IO and I-P) minus (ii) the aggregate Uncertificated
        Principal Balance of each REMIC III Group I Regular Interest for which a
        Class
        I-A Certificate or Class I-M Certificate is a Corresponding Certificate,
        in each
        case, as of such date of determination.

       

      REMIC
        III Group I Principal Loss Allocation Amount:
        With
        respect to any Distribution Date, an amount equal to the product of (i) 50%
        of
        the aggregate Stated Principal Balance of the Group I Mortgage Loans and
        the
        related REO Properties then outstanding and (ii) 1 minus a fraction, the
        numerator of which is two (2) times the aggregate Uncertificated Principal
        Balance of each REMIC III Group I Regular Interest for which a Class I-A
        Certificate or Class I-M Certificate is a Corresponding Certificate and the
        denominator of which is the aggregate Uncertificated Principal Balance of
        each
        REMIC III Group I Regular Interest for which a Class I-A Certificate or Class
        I-M Certificate is a Corresponding Certificate and REMIC III Regular Interest
        I-ZZ.

       

      REMIC
        III Group I Regular Interest:
        Any of
        the REMIC III Regular Interests I-AA, I-ZZ, I-1A-1, I-1A-2, I-1A-3, I-2A,
        I-M-1,
        I-M-2, I-M-3, I-M-4, I-M-5, I-M-6, I-M-7, I-M-8, I-M-9, I-M-10, I-IO, I-P,
        I-1-Sub, I-1-Grp, I-2-Sub, I-2-Grp and I-XX.

       

      REMIC
        III Group I Required Overcollateralization Amount:
        0.50%
        of the Group I Overcollateralization Target Amount.

       

      REMIC
        III Group I Sub WAC Allocation Percentage:
        50% of
        any amount payable or loss allocable from the Group I Mortgage Loans, which
        shall be allocated to REMIC III Regular Interest I-1-Sub, REMIC III Regular
        Interest I-1-Grp, REMIC III Regular Interest I-2-Sub, REMIC III Regular Interest
        I-2-Grp and REMIC III Regular Interest I-XX.

       

      REMIC
        III Group I Subordinated Balance Ratio:
        The
        ratio among the Uncertificated Principal Balances of each REMIC III Group
        I
        Regular Interest ending with the designation “Sub”, equal to the ratio among,
        with respect to each such REMIC III Group I Regular Interest, the excess
        of (x)
        the aggregate Stated Principal Balance of the Group I Mortgage Loans in Subgroup
        I-1 or the Group I Mortgage Loans in Subgroup I-2, as applicable, over (y)
        the
        current aggregate Certificate Principal Balance of the related Class I-A
        Certificates.

       

      REMIC
        III Group II Interest Loss Allocation Amount:
        With
        respect to any Distribution Date, an amount (subject to adjustment based
        on the
        actual number of days elapsed in the respective Accrual Period) equal to
        (a) the
        product of (i) the aggregate Stated Principal Balance of the Group II Mortgage
        Loans and the related REO Properties then outstanding and (ii) the
        Uncertificated REMIC III Pass-Through Rate for REMIC III Regular Interest
        II-AA
        minus the Group II Marker Rate, divided by (b) 12.

       

      REMIC
        III Group II Overcollateralization Amount:
        With
        respect to any date of determination, (i) 1.00% of the aggregate Uncertificated
        Principal Balance of the REMIC III Group II Regular Interests (other than
        REMIC
        III Regular Interests II-IO and II-P) minus (ii) the aggregate Uncertificated
        Principal Balance of each REMIC III Group II Regular Interest for which a
        Class
        II-A Certificate or Class II-M Certificate is a Corresponding Certificate,
        in
        each case, as of such date of determination.

       

      REMIC
        III Group II Principal Loss Allocation Amount:
        With
        respect to any Distribution Date, an amount equal to the product of (i) the
        aggregate Stated Principal Balance of the Group II Mortgage Loans and the
        related REO Properties then outstanding and (ii) 1 minus a fraction, the
        numerator of which is two (2) times the aggregate Uncertificated Principal
        Balance of each REMIC III Group II Regular Interest for which a Class II-A
        Certificate or Class II-M Certificate is a Corresponding Certificate and
        the
        denominator of which is the aggregate Uncertificated Principal Balance of
        each
        REMIC III Group II Regular Interest for which a Class II-A Certificate or
        Class
        II-M Certificate is a Corresponding Certificate and REMIC III Regular Interest
        II-ZZ.

       

      REMIC
        III Group II Regular Interest:
        Any of
        the REMIC III Regular Interests II-AA, II-ZZ, II-A-1, II-A-2, II-A-3, II-M-1,
        II-M-2, II-M-3, II-M-4, II-M-5, II-M-6, II-M-7, II-M-8, II-M-9, II-M-10,
        II-IO
        and II-P.

       

      REMIC
        III Group II Required Overcollateralization Amount:
        1.00%
        of the Group II Overcollateralization Target Amount.

       

      REMIC
        III Regular Interest:
        Any of
        the separate non-certificated beneficial ownership interests in REMIC III
        issued
        hereunder and designated as a Regular Interest in REMIC III. Each REMIC III
        Regular Interest shall accrue interest at the related Uncertificated REMIC
        III
        Pass-Through Rate in effect from time to time, and (except for the REMIC
        III
        Regular Interests I-IO and II-IO) shall be entitled to distributions of
        principal, subject to the terms and conditions hereof, in an aggregate amount
        equal to its initial Uncertificated Principal Balance as set forth in the
        Preliminary Statement hereto. The designations for the respective REMIC III
        Regular Interests are set forth in the Preliminary Statement hereto. The
        REMIC
        III Regular Interests consist of the REMIC III Group I Regular Interests
        and
        REMIC III Group II Regular Interests.

       

      REMIC
        IV:
        The
        segregated pool of assets described in the Preliminary Statement and Section
        5.07(a).

       

      REMIC
        IV Regular Interest:
        The
        Class I-CE Interest, Class II-CE Interest, Class I-P Interest, Class II-P
        Interest, Class I-IO Interest, Class II-IO Interest or any Regular Interest
        in
        REMIC IV the ownership of which is represented by any of the Class A
        Certificates or Class M Certificates.

       

      REMIC
        V:
        The
        segregated pool of assets consisting of the Class I-CE Interest conveyed
        in
        trust to the Trustee, for the benefit of the Holders of the Class I-CE
        Certificates and the Class I-RX Certificate (in respect of the Class I-R-5
        Interest), with respect to which a separate REMIC election is to be
        made.

       

      REMIC
        V Certificate:
        Any
        Class I-CE Certificate or Class I-RX Certificate (in respect of the Class
        I-R-5
        Interest).

       

      REMIC
        VI:
        The
        segregated pool of assets consisting of the Class I-P Interest conveyed in
        trust
        to the Trustee, for the benefit of the Holders of the Class I-P Certificates
        and
        the Class I-RX Certificate (in respect of the Class I-R-6 Interest), with
        respect to which a separate REMIC election is to be made.

       

      REMIC
        VI Certificate:
        Any
        Class I-P Certificate or Class I-RX Certificate (in respect of the Class
        I-R-6
        Interest).

       

      REMIC
        VII:
        The
        segregated pool of assets consisting of the Class I-IO Interest conveyed
        in
        trust to the Trustee, for the benefit of the holders of REMIC VII Regular
        Interest IO and the Class I-RX Certificate (in respect of the Class I-R-7
        Interest), with respect to which a separate REMIC election is to be
        made.

       

      REMIC
        VII Interests:
        The
        REMIC VII Regular Interest IO or Class I-RX Certificate (in respect of the
        Class
        I-R-7 Interest).

       

      REMIC
        VIII:
        The
        segregated pool of assets consisting of the Class II-CE Interest conveyed
        in
        trust to the Trustee, for the benefit of the Holders of the Class II-CE
        Certificates and the Class II-RX Certificate (in respect of the Class II-R-8
        Interest), with respect to which a separate REMIC election is to be
        made.

       

      REMIC
        VIII Certificate:
        Any
        Class II-CE Certificate or Class II-RX Certificate (in respect of the Class
        II-R-8 Interest).

       

      REMIC
        IX:
        The
        segregated pool of assets consisting of the Class II-P Interest conveyed
        in
        trust to the Trustee, for the benefit of the Holders of the Class II-P
        Certificates and the Class II-RX Certificate (in respect of the Class II-R-9
        Interest), with respect to which a separate REMIC election is to be
        made.

       

      REMIC
        IX Certificate:
        Any
        Class II-P Certificate or Class II-RX Certificate (in respect of the Class
        II-R-9 Interest).

       

      REMIC
        X:
        The
        segregated pool of assets consisting of the Class II-IO Interest conveyed
        in
        trust to the Trustee, for the benefit of the holders of REMIC X Regular Interest
        IO and the Class II-RX Certificate (in respect of the Class II-R-10 Interest),
        with respect to which a separate REMIC election is to be made.

       

      REMIC
        X Interests:
        The
        REMIC X Regular Interest IO or Class II-RX Certificate (in respect of the
        Class
        II-R-10 Interest).

       

      REMIC
        Opinion:
        Shall
        mean an Opinion of Counsel to the effect that the proposed action will not
        cause
        any of REMIC I, REMIC II, REMIC III, REMIC IV, REMIC V, REMIC VI, REMIC VII,
        REMIC VIII, REMIC IX or REMIC X to fail to qualify as a REMIC at any time
        that
        any Certificates are outstanding.

       

      REMIC
        Provisions:
        Provisions of the federal income tax law relating to real estate mortgage
        investment conduits, which appear at Sections 860A through 860G of the Code,
        and
        related provisions, and proposed, temporary and final regulations and published
        rulings, notices and announcements promulgated thereunder, as the foregoing
        may
        be in effect from time to time, as well as provisions of applicable state
        laws.

       

      REMIC
        Regular Interests:
        The
        REMIC I Regular Interests, REMIC II Regular Interests and REMIC III Regular
        Interests.

       

      Remittance
        Date:
        Shall
        mean the Business Day immediately preceding the Distribution Account Deposit
        Date.

       

      Remittance
        Report:
        Shall
        mean a report to the Trustee in an electronic format (or by such other means
        as
        the Master Servicer and the Trustee may agree from time to time) containing
        such
        data and information, as agreed to by the Master Servicer and the Trustee
        such
        as to permit the Trustee to prepare the Monthly Statement to
        Certificateholders.

       

      REO
        Imputed Interest:
        As to
        any REO Property, for any calendar month during which such REO Property was
        at
        any time part of REMIC I, one month’s interest at the applicable Net Mortgage
        Rate on the Stated Principal Balance of such REO Property (or, in the case
        of
        the first such calendar month, of the related Mortgage Loan, if appropriate)
        as
        of the close of business on the Distribution Date in such calendar
        month.

       

      REO
        Property:
        A
        Mortgaged Property acquired by the Master Servicer through foreclosure or
        deed-in-lieu of foreclosure in connection with a defaulted Mortgage
        Loan.

       

      Replacement
        Mortgage Loan:
        A
        Mortgage Loan or Mortgage Loans in the aggregate substituted by the Seller
        for a
        Deleted Mortgage Loan, which must, on the date of such substitution, as
        confirmed in a Request for Release, (i) have a Stated Principal Balance,
        after
        deduction of the principal portion of the Scheduled Payment due in the month
        of
        substitution, not in excess of, and not less than 90% of, the Stated Principal
        Balance of the Deleted Mortgage Loan; (ii) if the Replacement Mortgage Loan
        is a
        fixed rate Mortgage Loan, have a fixed Mortgage Rate not less than or more
        than
        1% per annum higher than the Mortgage Rate of the Deleted Mortgage Loan;
        (iii)
        have the same or higher credit quality characteristics than that of the Deleted
        Mortgage Loan; (iv) have a Loan-to-Value Ratio no higher than that of the
        Deleted Mortgage Loan; (v) have a remaining term to maturity no greater than
        (and not more than one year less than) that of the Deleted Mortgage Loan;
        (vi)
        not permit conversion of the Mortgage Rate from a fixed rate to a variable
        rate;
        (vii) have the same lien priority as the Deleted Mortgage Loan; (viii)
        constitute the same occupancy type as the Deleted Mortgage Loan or be owner
        occupied; (ix) if the Replacement Mortgage Loan is an Adjustable Rate Mortgage
        Loan, have a Maximum Mortgage Rate not less than the Maximum Mortgage Rate
        on
        the Deleted Mortgage Loan, (x) if the Replacement Mortgage Loan is an Adjustable
        Rate Mortgage Loan, have a Minimum Mortgage Rate not less than the Minimum
        Mortgage Rate of the Deleted Mortgage Loan, (xi) if the Replacement Mortgage
        Loan is an Adjustable Rate Mortgage Loan, have a Gross Margin equal to or
        greater than the Gross Margin of the Deleted Mortgage Loan, (xii) if the
        Replacement Mortgage Loan is an Adjustable Rate Mortgage Loan, have a next
        Adjustment Date not more than two months later than the next Adjustment Date
        on
        the Deleted Mortgage Loan, (xiii) comply with each representation and warranty
        set forth in Section 7 of the Mortgage Loan Purchase Agreement and (xiv)
        the
        Custodian has delivered a Final Certification noting no defects or
        exceptions.

       

      Reportable
        Event:
        As
        defined in Section 3.16(a)(iii).

       

      Request
        for Release:
        The
        Request for Release to be submitted by the Seller or the Master Servicer
        to the
        Custodian substantially in the form of Exhibit G. Each Request for Release
        furnished to the Custodian by the Seller or the Master Servicer shall be
        in
        duplicate and shall be executed by an officer of such Person or a Servicing
        Officer (or, if furnished electronically to the Custodian, shall be deemed
        to
        have been sent and executed by an officer of such Person or a Servicing Officer)
        of the Master Servicer.

       

      Required
        Insurance Policy:
        With
        respect to any Mortgage Loan, any insurance policy that is required to be
        maintained from time to time under this Agreement.

       

      Reserve
        Fund:
        Any of
        the Group I Reserve Fund and Group II Reserve Fund.

       

      Reserve
        Fund Deposit:
        Any of
        the Group I Reserve Fund Deposit and Group II Reserve Fund Deposit.

       

      Residual
        Certificates:
        Any of
        the Group I Residual Certificates and Group II Residual
        Certificates.

       

      Residual
        Interest:
        The
        sole class of “residual interests” in a REMIC within the meaning of Section
        860G(a)(2) of the Code.

       

      Responsible
        Officer:
        With
        respect to the Trustee, any Vice President, any Assistant Vice President,
        the
        Secretary, any Assistant Secretary, or any Trust Officer with specific
        responsibility for the transactions contemplated hereby, any other officer
        customarily performing functions similar to those performed by any of the
        above
        designated officers or other officers of the Trustee specified by the Trustee,
        as to whom, with respect to a particular matter, such matter is referred
        because
        of such officer’s knowledge of and familiarity with the particular
        subject.

       

      S&P:
        Standard & Poor’s, a division of The McGraw-Hill Companies, Inc., and any
        successor thereto.

       

      Sarbanes-Oxley
        Act:
        The
        Sarbanes-Oxley Act of 2002 and the rules and regulations of the Commission
        promulgated thereunder (including any interpretations thereof by the
        Commission’s staff).

       

      Sarbanes-Oxley
        Certification:
        As
        defined in Section 3.16(a)(iii).

       

      Scheduled
        Payment:
        The
        scheduled monthly payment on a Mortgage Loan due on any Due Date allocable
        to
        principal and/or interest on such Mortgage Loan.

       

      Securities
        Act:
        The
        Securities Act of 1933, as amended.

       

      Seller:
        EMC or
        Master Funding, in each case in its capacity as seller of the Mortgage Loans
        to
        the Depositor.

       

      Senior
        Certificates:
        Any of
        the Class I-A Certificates and Class II-A Certificates.

       

      Servic(es)(ing):
        In
        accordance with Regulation AB, the act of servicing and administering the
        Mortgage Loans or any other assets of the Trust by an entity that meets the
        definition of “servicer’ set forth in Item 1101 of Regulation AB and is subject
        to the disclosure requirements set forth in 1108 of Regulation AB. For
        clarification purposes, any uncapitalized occurrence of this term shall have
        the
        meaning commonly understood by participants in the residential mortgage-backed
        securitization market.

       

      Servicing
        Advances:
        All
        customary, reasonable and necessary “out of pocket” costs and expenses
        (including reasonable legal fees) incurred in the performance by the Master
        Servicer of its servicing obligations hereunder, including, but not limited
        to,
        the cost of (i) the preservation, restoration and protection of a Mortgaged
        Property, (ii) any enforcement or judicial proceedings, including foreclosures,
        and including any expenses incurred in relation to any such proceedings that
        result from the Mortgage Loan being registered in the MERS® System, (iii) the
        management and liquidation of any REO Property (including, without limitation,
        realtor’s commissions) and (iv) compliance with any obligations under Section
        3.07 hereof to cause insurance to be maintained.

       

      Servicing
        Criteria:
        The
“servicing criteria” set forth in Item 1122(d) of Regulation AB, as such may be
        amended from time to time.

       

      Servicing
        Fee:
        As to
        each Mortgage Loan and any Distribution Date, an amount equal to 1/12th of
        the
        Servicing Fee Rate multiplied by the Stated Principal Balance of such Mortgage
        Loan as of the Due Date in the month preceding the month in which such
        Distribution Date occurs or, in the event of any payment of interest that
        accompanies a Principal Prepayment in full during the related Due Period
        made by
        the Mortgagor immediately prior to such prepayment, interest at the Servicing
        Fee Rate on the Stated Principal Balance of such Mortgage Loan for the period
        covered by such payment of interest.

       

      Servicing
        Fee Rate:
        0.500%
        per annum.

       

      Servicing
        Modification:
        With
        respect to any Mortgage Loan that is in default or, in the reasonable judgment
        of the Master Servicer, as to which default is reasonably foreseeable, any
        modification which is effected by the Master Servicer in accordance with
        the
        terms of this Agreement which results in any change in the outstanding Stated
        Principal Balance, any change in the Mortgage Rate or any extension of the
        term
        of such Mortgage Loan.

       

      Servicing
        Officer:
        Any
        officer of the Master Servicer involved in, or responsible for, the
        administration and servicing of the Mortgage Loans whose name and facsimile
        signature appear on a list of servicing officers furnished to the Trustee
        by the
        Master Servicer on the Closing Date pursuant to this Agreement, as such list
        may
        from time to time be amended.

       

      Significance
        Estimate:
        Any of
        the Group I Significance Estimate and the Group II Significance
        Estimate.

       

      Significance
        Percentage:
        Any of
        the Group I Significance Percentage and the Group II Significance
        Percentage.

       

      Sponsor:
        EMC
        Mortgage Corporation, in its capacity as sponsor hereunder.

       

      Startup
        Day:
        The
        Startup Day for each REMIC formed hereunder shall be the Closing
        Date.

       

      Stated
        Principal Balance:
        With
        respect to any Mortgage Loan or related REO Property and any Distribution
        Date,
        the Cut-off Date Principal Balance thereof minus the sum of (i) the principal
        portion of the Scheduled Payments due with respect to such Mortgage Loan
        during
        each Due Period ending prior to such Distribution Date (and irrespective
        of any
        delinquency in their payment), (ii) all Principal Prepayments with respect
        to
        such Mortgage Loan received prior to or during the related Prepayment Period,
        (iii) all Liquidation Proceeds to the extent applied by the Master Servicer
        as
        recoveries of principal in accordance with Section 3.09 with respect to such
        Mortgage Loan, that were received by the Master Servicer as of the close
        of
        business on the last day of the calendar month immediately preceeding such
        Distribution Date and (iv) any Realized Losses on such Mortgage Loan incurred
        during the prior calendar month. The Stated Principal Balance of a Liquidated
        Loan equals zero.

       

      Subgroup:
        Any of
        Subgroup I-1 or Subgroup I-2.

       

      Subgroup
        I:
        The
        group of Group I Mortgage Loans included as such on the Mortgage Loan
        Schedule.

       

      Subgroup
        I-1 Mortgage Loans:
        The
        Mortgage Loans identified as such on the Mortgage Loan Schedule.

       

      Subgroup
        I-1 Principal Distribution Amount:
        With
        respect to the Class I-1A Certificates and any Distribution Date is the product
        of the Principal Distribution Amount related to Loan Group I, and a fraction,
        the numerator of which is the Principal Funds for Subgroup I-1 for such
        Distribution Date and the denominator of which is the Principal Funds for
        Subgroup I-1 and Subgroup I-2 for such Distribution Date.

       

      Subgroup
        I-2 Mortgage Loans:
        The
        Mortgage Loans identified as such on the Mortgage Loan Schedule.

       

      Subgroup
        I-2 Principal Distribution Amount:
        With
        respect to the Class I-2A Certificates and any Distribution Date is the product
        of the Principal Distribution Amount related to Loan Group I, and a fraction,
        the numerator of which is the Principal Funds for Subgroup I-2 for such
        Distribution Date and the denominator of which is the Principal Funds for
        Subgroup I-1 and Subgroup I-2 for such Distribution Date.

       

      Subgroup
        II:
        The
        group of Group II Mortgage Loans included as such on the Mortgage Loan
        Schedule.

       

      Subsequent
        Recoveries:
        As of
        any Distribution Date, amounts received by the Master Servicer (net of any
        related expenses permitted to be reimbursed pursuant to Section 4.02) or
        surplus
        amounts held by the Master Servicer to cover estimated expenses (including,
        but
        not limited to, recoveries in respect of the representations and warranties
        made
        by the Seller pursuant to the Mortgage Loan Purchase Agreement) specifically
        related to a Mortgage Loan that was the subject of a liquidation or final
        disposition of any REO Property prior to the related calendar month that
        resulted in a Realized Loss.

       

      Subservicing
        Agreement:
        Any
        agreement entered into between the Master Servicer and a subservicer with
        respect to the subservicing of any Mortgage Loan hereunder by such
        subservicer.

       

      Substitution
        Adjustment Amount:
        The
        meaning ascribed to such term pursuant to Section 2.03(c).

       

      Sub-Trust:
        Each of
        the Group I Sub-Trust and the Group II Sub-Trust.

       

      Successor
        Master Servicer:
        The
        meaning ascribed to such term pursuant to Section 8.02.

       

      Supplemental
        Interest Trust:
        Any of
        the Group I Supplemental Interest Trust and Group II Supplemental Interest
        Trust.

       

      Supplemental
        Interest Trust Trustee:
        Any of
        the Group I Supplemental Interest Trust Trustee or Group II Supplemental
        Interest Trust Trustee.

       

      Swap
        Account:
        Any of
        the Group I Swap Account and Group II Swap Account.

       

      Swap
        Administrator:
        LaSalle
        Bank National Association acting as Swap administrator under the Swap
        Administration Agreement.

       

      Swap
        Administration Agreement:
        The
        Swap Administration Agreement, dated November 30, 2006, pursuant to which
        the
        Swap Administrator will make payments to the related Swap Provider and the
        related Certificateholders, and certain other payments, as such agreement
        may be
        amended or supplemented from time to time.

       

      Swap
        Agreement:
        Any of
        the Group I Swap Agreement and Group II Swap Agreement.

      
         

        Swap
          Collateral Account:
          Any of
          the Group I Swap Collateral Account or the Group II Swap Collateral
          Account.

         

      

      Swap
        LIBOR:
        For any
        Distribution Date, a per annum rate equal to the Floating Rate Option (as
        defined in the related Swap Agreement) for the related Calculation Period
        (as
        defined in the related Swap Agreement).

       

      Swap
        Provider:
        Any of
        the Group I Swap Provider and Group II Swap Provider.

       

      Swap
        Provider Trigger Event:
        Any of
        the Group I Swap Provider Trigger Event and Group II Swap Provider Trigger
        Event.

       

      Swap
        Termination Payment:
        Any of
        the Group I Swap Termination Payment and Group II Swap Termination
        Payment.

       

      Tax
        Matters Person:
        The
        person designated as “tax matters person” in the manner provided under Treasury
        Regulation Sections 1.860F-4(d) and 301.6231(a)(7)-1T. The Holder of the
        greatest Percentage Interest in a Class of Residual Certificates shall be
        the
        Tax Matters Person for the related REMIC. The Trustee, or any successor thereto
        or assignee thereof, shall serve as tax administrator hereunder and as agent
        for
        the related Tax Matters Person.

       

      Transfer:
        Any
        direct or indirect transfer or sale of any Ownership Interest in a
        Certificate.

       

      Transfer
        Affidavit:
        As
        defined in Section 6.02.

       

      Trigger
        Event:
        Any of
        a Group I Trigger Event or Group II Trigger Event.

       

      Trust
        Fund or Trust:
        The
        corpus of the trust created hereunder consisting of (i) the Mortgage Loans
        and
        all interest accruing and principal due with respect thereto after the Cut-off
        Date to the extent not applied in computing the Cut-off Date Principal Balance
        thereof; (ii) the Distribution Account, the Class I-P Certificate Account,
        the
        Class II-P Certificate Account, the Reserve Funds and the Protected Account
        and
        all amounts deposited therein pursuant to the applicable provisions of this
        Agreement; (iii) property that secured a Mortgage Loan and has been acquired
        by
        foreclosure, deed in lieu of foreclosure or otherwise; (iv) the mortgagee’s
        rights under the Insurance Policies with respect to the Mortgage Loans; (v)
        the
        rights under the Swap Administration Agreement relating to the Certificates;
        (vi) the rights under the Mortgage Loan Purchase Agreement; and (vii) all
        proceeds of the foregoing, including proceeds of conversion, voluntary or
        involuntary, of any of the foregoing into cash or other liquid
        property.

       

      Trustee:
        LaSalle
        Bank National Association, for the benefit of the Certificateholders under
        this
        Agreement, a national banking association and any successor thereto, and
        any
        corporation or national banking association resulting from or surviving any
        consolidation or merger to which it or its successors may be a party and
        any
        successor trustee as may from time to time be serving as successor trustee
        hereunder.

       

      Trustee
        Fee:
        As to
        each Mortgage Loan and any Distribution Date, a per annum fee equal to 0.0050%
        multiplied by the Stated Principal Balance of such Mortgage Loan as of the
        Due
        Date in the month preceding the month in which such Distribution Date
        occurs.

       

      Uncertificated
        Accrued Interest:
        With
        respect to each REMIC Regular Interest on each Distribution Date, an amount
        equal to one month’s interest at the related Uncertificated Pass-Through Rate on
        the related Uncertificated Principal Balance or related Uncertificated Notional
        Amount of such REMIC Regular Interest. In each case, Uncertificated Accrued
        Interest will be reduced by any Prepayment Interest Shortfalls and Relief
        Act
        Interest Shortfalls (allocated to such REMIC Regular Interests as set forth
        in
        Section 1.02).

       

      Uncertificated
        Notional Amount:
        With
        respect to the Class I-CE Interest and any Distribution Date, an amount equal
        to
        the aggregate Uncertificated Principal Balance of the REMIC III Group I Regular
        Interests (other than REMIC III Regular Interest I-P) for such Distribution
        Date.

       

      With
        respect to the Class II-CE Interest and any Distribution Date, an amount
        equal
        to the aggregate Uncertificated Principal Balance of the REMIC III Group
        II
        Regular Interests (other than REMIC III Regular Interest II-P) for such
        Distribution Date.

       

      With
        respect to REMIC III Regular Interest I-IO and each Distribution Date listed
        below, the aggregate Uncertificated Principal Balance of the REMIC I Regular
        Interests ending with the designation “A” listed below:

       

      
        	
                Distribution
                  Date

              	
                REMIC
                  I Regular Interests

              
	
                1

              	
                I-1-A
                  through I-60-A and II-1-A through II-60-A

              
	
                2

              	
                I-2-A
                  through I-60-A and II-2-A through II-60-A

              
	
                3

              	
                I-3-A
                  through I-60-A and II-3-A through II-60-A

              
	
                4

              	
                I-4-A
                  through I-60-A and II-4-A through II-60-A

              
	
                5

              	
                I-5-A
                  through I-60-A and II-5-A through II-60-A

              
	
                6

              	
                I-6-A
                  through I-60-A and II-6-A through II-60-A

              
	
                7

              	
                I-7-A
                  through I-60-A and II-7-A through II-60-A

              
	
                8

              	
                I-8-A
                  through I-60-A and II-8-A through II-60-A

              
	
                9

              	
                I-9-A
                  through I-60-A and II-9-A through II-60-A

              
	
                10

              	
                I-10-A
                  through I-60-A and II-10-A through II-60-A

              
	
                11

              	
                I-11-A
                  through I-60-A and II-11-A through II-60-A

              
	
                12

              	
                I-12-A
                  through I-60-A and II-12-A through II-60-A

              
	
                13

              	
                I-13-A
                  through I-60-A and II-13-A through II-60-A

              
	
                14

              	
                I-14-A
                  through I-60-A and II-14-A through II-60-A

              
	
                15

              	
                I-15-A
                  through I-60-A and II-15-A through II-60-A

              
	
                16

              	
                I-16-A
                  through I-60-A and II-16-A through II-60-A

              
	
                17

              	
                I-17-A
                  through I-60-A and II-17-A through II-60-A

              
	
                18

              	
                I-18-A
                  through I-60-A and II-18-A through II-60-A

              
	
                19

              	
                I-19-A
                  through I-60-A and II-19-A through II-60-A

              
	
                20

              	
                I-20-A
                  through I-60-A and II-20-A through II-60-A

              
	
                21

              	
                I-21-A
                  through I-60-A and II-21-A through II-60-A

              
	
                22

              	
                I-22-A
                  through I-60-A and II-22-A through II-60-A

              
	
                23

              	
                I-23-A
                  through I-60-A and II-23-A through II-60-A

              
	
                24

              	
                I-24-A
                  through I-60-A and II-24-A through II-60-A

              
	
                25

              	
                I-25-A
                  through I-60-A and II-25-A through II-60-A

              
	
                26

              	
                I-26-A
                  through I-60-A and II-26-A through II-60-A

              
	
                27

              	
                I-27-A
                  through I-60-A and II-27-A through II-60-A

              
	
                28

              	
                I-28-A
                  through I-60-A and II-28-A through II-60-A

              
	
                29

              	
                I-29-A
                  through I-60-A and II-29-A through II-60-A

              
	
                30

              	
                I-30-A
                  through I-60-A and II-30-A through II-60-A

              
	
                31

              	
                I-31-A
                  through I-60-A and II-31-A through II-60-A

              
	
                32

              	
                I-32-A
                  through I-60-A and II-32-A through II-60-A

              
	
                33

              	
                I-33-A
                  through I-60-A and II-33-A through II-60-A

              
	
                34

              	
                I-34-A
                  through I-60-A and II-34-A through II-60-A

              
	
                35

              	
                I-35-A
                  through I-60-A and II-35-A through II-60-A

              
	
                36

              	
                I-36-A
                  through I-60-A and II-36-A through II-60-A

              
	
                37

              	
                I-37-A
                  through I-60-A and II-37-A through II-60-A

              
	
                38

              	
                I-38-A
                  through I-60-A and II-38-A through II-60-A

              
	
                39

              	
                I-39-A
                  through I-60-A and II-39-A through II-60-A

              
	
                40

              	
                I-40-A
                  through I-60-A and II-40-A through II-60-A

              
	
                41

              	
                I-41-A
                  through I-60-A and II-41-A through II-60-A

              
	
                42

              	
                I-42-A
                  through I-60-A and II-42-A through II-60-A

              
	
                43

              	
                I-43-A
                  through I-60-A and II-43-A through II-60-A

              
	
                44

              	
                I-44-A
                  through I-60-A and II-44-A through II-60-A

              
	
                45

              	
                I-45-A
                  through I-60-A and II-45-A through II-60-A

              
	
                46

              	
                I-46-A
                  through I-60-A and II-46-A through II-60-A

              
	
                47

              	
                I-47-A
                  through I-60-A and II-47-A through II-60-A

              
	
                48

              	
                I-48-A
                  through I-60-A and II-48-A through II-60-A

              
	
                49

              	
                I-49-A
                  through I-60-A and II-49-A through II-60-A

              
	
                50

              	
                I-50-A
                  through I-60-A and II-50-A through II-60-A

              
	
                51

              	
                I-51-A
                  through I-60-A and II-51-A through II-60-A

              
	
                52

              	
                I-52-A
                  through I-60-A and II-52-A through II-60-A

              
	
                53

              	
                I-53-A
                  through I-60-A and II-53-A through II-60-A

              
	
                54

              	
                I-54-A
                  through I-60-A and II-54-A through II-60-A

              
	
                55

              	
                I-55-A
                  through I-60-A and II-55-A through II-60-A

              
	
                56

              	
                I-56-A
                  through I-60-A and II-56-A through II-60-A

              
	
                57

              	
                I-57-A
                  through I-60-A and II-57-A through II-60-A

              
	
                58

              	
                I-58-A
                  through I-60-A and II-58-A through II-60-A

              
	
                59

              	
                I-59-A
                  through I-60-A and II-59-A through II-60-A

              
	
                60

              	
                I-60-A
                  and II-60-A

              
	
                thereafter

              	
                $0.00

              

      

      

      With
        respect to REMIC III Regular Interest II-IO and each Distribution Date listed
        below, the aggregate Uncertificated Principal Balance of the REMIC II Regular
        Interests ending with the designation “A” listed below:

       

      
        	
                Distribution
                  Date

              	
                REMIC
                  II Regular Interests

              
	
                1

              	
                I-1-A
                  through I-60-A

              
	
                2

              	
                I-2-A
                  through I-60-A

              
	
                3

              	
                I-3-A
                  through I-60-A

              
	
                4

              	
                I-4-A
                  through I-60-A

              
	
                5

              	
                I-5-A
                  through I-60-A

              
	
                6

              	
                I-6-A
                  through I-60-A

              
	
                7

              	
                I-7-A
                  through I-60-A

              
	
                8

              	
                I-8-A
                  through I-60-A

              
	
                9

              	
                I-9-A
                  through I-60-A

              
	
                10

              	
                I-10-A
                  through I-60-A

              
	
                11

              	
                I-11-A
                  through I-60-A

              
	
                12

              	
                I-12-A
                  through I-60-A

              
	
                13

              	
                I-13-A
                  through I-60-A

              
	
                14

              	
                I-14-A
                  through I-60-A

              
	
                15

              	
                I-15-A
                  through I-60-A

              
	
                16

              	
                I-16-A
                  through I-60-A

              
	
                17

              	
                I-17-A
                  through I-60-A

              
	
                18

              	
                I-18-A
                  through I-60-A

              
	
                19

              	
                I-19-A
                  through I-60-A

              
	
                20

              	
                I-20-A
                  through I-60-A

              
	
                21

              	
                I-21-A
                  through I-60-A

              
	
                22

              	
                I-22-A
                  through I-60-A

              
	
                23

              	
                I-23-A
                  through I-60-A

              
	
                24

              	
                I-24-A
                  through I-60-A

              
	
                25

              	
                I-25-A
                  through I-60-A

              
	
                26

              	
                I-26-A
                  through I-60-A

              
	
                27

              	
                I-27-A
                  through I-60-A

              
	
                28

              	
                I-28-A
                  through I-60-A

              
	
                29

              	
                I-29-A
                  through I-60-A

              
	
                30

              	
                I-30-A
                  through I-60-A

              
	
                31

              	
                I-31-A
                  through I-60-A

              
	
                32

              	
                I-32-A
                  through I-60-A

              
	
                33

              	
                I-33-A
                  through I-60-A

              
	
                34

              	
                I-34-A
                  through I-60-A

              
	
                35

              	
                I-35-A
                  through I-60-A

              
	
                36

              	
                I-36-A
                  through I-60-A

              
	
                37

              	
                I-37-A
                  through I-60-A

              
	
                38

              	
                I-38-A
                  through I-60-A

              
	
                39

              	
                I-39-A
                  through I-60-A

              
	
                40

              	
                I-40-A
                  through I-60-A

              
	
                41

              	
                I-41-A
                  through I-60-A

              
	
                42

              	
                I-42-A
                  through I-60-A

              
	
                43

              	
                I-43-A
                  through I-60-A

              
	
                44

              	
                I-44-A
                  through I-60-A

              
	
                45

              	
                I-45-A
                  through I-60-A

              
	
                46

              	
                I-46-A
                  through I-60-A

              
	
                47

              	
                I-47-A
                  through I-60-A

              
	
                48

              	
                I-48-A
                  through I-60-A

              
	
                49

              	
                I-49-A
                  through I-60-A

              
	
                50

              	
                I-50-A
                  through I-60-A

              
	
                51

              	
                I-51-A
                  through I-60-A

              
	
                52

              	
                I-52-A
                  through I-60-A

              
	
                53

              	
                I-53-A
                  through I-60-A

              
	
                54

              	
                I-54-A
                  through I-60-A

              
	
                55

              	
                I-55-A
                  through I-60-A

              
	
                56

              	
                I-56-A
                  through I-60-A

              
	
                57

              	
                I-57-A
                  through I-60-A

              
	
                58

              	
                I-58-A
                  through I-60-A

              
	
                59

              	
                I-59-A
                  through I-60-A

              
	
                60

              	
                I-60-A

              
	
                thereafter

              	
                $0.00

              

      

      

      With
        respect to the Class I-IO Interest and any Distribution Date, an amount equal
        to
        the Uncertificated Notional Amount of the REMIC III Regular Interest I-IO.
        With
        respect to REMIC VII Regular Interest IO, an amount equal to the Uncertificated
        Notional Amount of the Class I-IO Interest.

       

      With
        respect to the Class II-IO Interest and any Distribution Date, an amount
        equal
        to the Uncertificated Notional Amount of the REMIC III Regular Interest II-IO.
        With respect to REMIC X Regular Interest IO, an amount equal to the
        Uncertificated Notional Amount of the Class II-IO Interest.

       

      Uncertificated
        Pass-Through Rate:
        The
        Uncertificated REMIC I Pass-Through Rate, Uncertificated REMIC II Pass-Through
        Rate or Uncertificated REMIC III Pass-Through Rate.

       

      Uncertificated
        Principal Balance:
        The
        amount of REMIC Regular Interests, Class P Interests and Class CE Interests
        outstanding as of any date of determination. As of the Closing Date, the
        Uncertificated Principal Balance of each REMIC Regular Interest, Class P
        Interest and Class CE Interest shall equal the amount set forth in the
        Preliminary Statement hereto as its initial Uncertificated Principal Balance,
        and on any date of determination thereafter, the Uncertificated Principal
        Balance of the Class I-CE Interest shall be an amount equal to the excess,
        if
        any, of (A) the then aggregate Uncertificated Principal Balance of the REMIC
        III
        Group I Regular Interests, over (B) the then aggregate Certificate Principal
        Balance of the Class I-A Certificates and the Class I-M Certificates and
        the
        Uncertificated Principal Balance of the Class I-P Interest then outstanding,
        and
        the Uncertificated Principal Balance of the Class II-CE Interest shall be
        an
        amount equal to the excess, if any, of (A) the then aggregate Uncertificated
        Principal Balance of the REMIC III Group II Regular Interests, over (B) the
        then
        aggregate Certificate Principal Balance of the Class II-A Certificates and
        the
        Class II-M Certificates and the Uncertificated Principal Balance of the Class
        II-P Interest then outstanding. On each Distribution Date, the Uncertificated
        Principal Balance of the REMIC Regular Interests, Class CE Interests and
        Class P
        Interests shall be reduced by all distributions of principal made on such
        REMIC
        Regular Interests, Class CE Interests and Class P Interests on such Distribution
        Date pursuant to Section 5.07 and, if and to the extent necessary and
        appropriate, shall be further reduced on such Distribution Date by Realized
        Losses as provided in Section 5.05, and the Uncertificated Principal Balances
        of
        REMIC III Regular Interest I-ZZ and REMIC III Regular Interest II-ZZ shall
        be
        increased by interest deferrals as provided in Sections 5.07(d)(1)(ii) and
        5.07(d)(3)(ii), respectively. The Uncertificated Principal Balance of each
        REMIC
        Regular Interest, Class P Interest and Class CE Interest shall never be less
        than zero. 

       

      Uncertificated
        REMIC I Pass-Through Rate:
        With
        respect to each REMIC I Group I Regular Interest ending with the designation
“A”
and any Distribution Date, a per annum rate equal to the weighted average
        Net
        Mortgage Rate of the Subgroup I-1 Mortgage Loans multiplied by 2, subject
        to a
        maximum rate of 10.1080%. With respect to each REMIC I Group I Regular Interest
        ending with the designation “B” and any Distribution Date, the greater of (x) a
        per annum rate equal to the excess, if any, of (1) 2 multiplied by the weighted
        average Net Mortgage Rate of the Subgroup I-1 Mortgage Loans over (2) 10.1080%
        and (y) 0.00% per annum. 

       

      With
        respect to each REMIC I Group II Regular Interest ending with the designation
        “A” and any Distribution Date, a per annum rate equal to the weighted average
        Net Mortgage Rate of the Subgroup I-2 Mortgage Loans multiplied by 2, subject
        to
        a maximum rate of 10.1080%. With respect to each REMIC I Group II Regular
        Interest ending with the designation “B” and any Distribution Date, the greater
        of (x) a per annum rate equal to the excess, if any, of (1) 2 multiplied
        by the
        weighted average Net Mortgage Rate of the Subgroup I-2 Mortgage Loans over
        (2)
        10.1080% and (y) 0.00% per annum. 

       

      With
        respect to REMIC I Regular Interest P, 0.00%.

       

      Uncertificated
        REMIC II Pass-Through Rate:
        With
        respect to each REMIC II Regular Interest ending with the designation “A” and
        any Distribution Date, a per annum rate equal to the weighted average Net
        Mortgage Rate of the Group II Mortgage Loans multiplied by 2, subject to
        a
        maximum rate of 10.1200%. With respect to each REMIC II Regular Interest
        ending
        with the designation “B” and any Distribution Date, the greater of (x) a per
        annum rate equal to the excess, if any, of (1) 2 multiplied by the weighted
        average Net Mortgage Rate of the Group II Mortgage Loans over (2) 10.1200%
        and
        (y) 0.00% per annum. 

       

      With
        respect to REMIC II Regular Interest P, 0.00%.

       

      Uncertificated
        REMIC III Pass-Through Rate:
        With
        respect to REMIC III Regular Interest I-AA, each REMIC III Group I Regular
        Interest for which a Class I-A Certificate or Class I-M Certificate is the
        Corresponding Certificate, REMIC III Regular Interest I-ZZ, REMIC III Regular
        Interest I-1-Sub, REMIC III Regular Interest I-2-Sub and REMIC III Regular
        Interest I-XX, and any Distribution Date, a per annum rate equal to the weighted
        average of (x) the Uncertificated REMIC I Pass-Through Rates for the REMIC
        I
        Regular Interests ending with the designation “B” for such Distribution Date and
        (y) the rates listed below for the REMIC I Regular Interests ending with
        the
        designation “A” for such Distribution Date, in each case, weighted on the basis
        of the Uncertificated Principal Balances of each such REMIC I Regular Interest
        for such Distribution Date:

       

      
        	
                Distribution
                  Date

              	
                REMIC
                  I Regular Interest

              	
                Rate

              
	
                1

              	
                I-1-A
                  through I-60-A

              	
                2
                  multiplied by Swap LIBOR, subject to a maximum rate of Uncertificated
                  REMIC I Pass-Through Rate

              
	 	
                II-1-A
                  through II-60-A

              	
                2
                  multiplied by Swap LIBOR, subject to a maximum rate of Uncertificated
                  REMIC I Pass-Through Rate

              
	 	 	 
	
                2

              	
                I-2-A
                  through I-60-A

              	
                2
                  multiplied by Swap LIBOR, subject to a maximum rate of Uncertificated
                  REMIC I Pass-Through Rate

              
	 	
                II-2-A
                  through II-60-A

              	
                2
                  multiplied by Swap LIBOR, subject to a maximum rate of Uncertificated
                  REMIC I Pass-Through Rate

              
	 	
                I-1-A
                  

              	
                Uncertificated
                  REMIC I Pass-Through Rate

              
	 	
                II-1-A
                  

              	
                Uncertificated
                  REMIC I Pass-Through Rate

              
	 	 	 
	
                3

              	
                I-3-A
                  through I-60-A

              	
                2
                  multiplied by Swap LIBOR, subject to a maximum rate of Uncertificated
                  REMIC I Pass-Through Rate

              
	 	
                II-3-A
                  through II-60-A

              	
                2
                  multiplied by Swap LIBOR, subject to a maximum rate of Uncertificated
                  REMIC I Pass-Through Rate

              
	 	
                I-1-A
                  through I-2-A

              	
                Uncertificated
                  REMIC I Pass-Through Rate

              
	 	
                II-1-A
                  through II-2-A

              	
                Uncertificated
                  REMIC I Pass-Through Rate

              
	 	 	 
	
                4

              	
                I-4-A
                  through I-60-A

              	
                2
                  multiplied by Swap LIBOR, subject to a maximum rate of Uncertificated
                  REMIC I Pass-Through Rate

              
	 	
                II-4-A
                  through II-60-A

              	
                2
                  multiplied by Swap LIBOR, subject to a maximum rate of Uncertificated
                  REMIC I Pass-Through Rate

              
	 	
                I-1-A
                  through I-3-A

              	
                Uncertificated
                  REMIC I Pass-Through Rate

              
	 	
                II-1-A
                  through II-3-A

              	
                Uncertificated
                  REMIC I Pass-Through Rate

              
	 	 	 
	
                5

              	
                I-5-A
                  through I-60-A

              	
                2
                  multiplied by Swap LIBOR, subject to a maximum rate of Uncertificated
                  REMIC I Pass-Through Rate

              
	 	
                II-5-A
                  through II-60-A

              	
                2
                  multiplied by Swap LIBOR, subject to a maximum rate of Uncertificated
                  REMIC I Pass-Through Rate

              
	 	
                I-1-A
                  through I-4-A

              	
                Uncertificated
                  REMIC I Pass-Through Rate

              
	 	
                II-1-A
                  through II-4-A

              	
                Uncertificated
                  REMIC I Pass-Through Rate

              
	 	 	 
	
                6

              	
                I-6-A
                  through I-60-A

              	
                2
                  multiplied by Swap LIBOR, subject to a maximum rate of Uncertificated
                  REMIC I Pass-Through Rate

              
	 	
                II-6-A
                  through II-60-A

              	
                2
                  multiplied by Swap LIBOR, subject to a maximum rate of Uncertificated
                  REMIC I Pass-Through Rate

              
	 	
                I-1-A
                  through I-5-A

              	
                Uncertificated
                  REMIC I Pass-Through Rate

              
	 	
                II-1-A
                  through II-5-A

              	
                Uncertificated
                  REMIC I Pass-Through Rate

              
	 	 	 
	
                7

              	
                I-7-A
                  through I-60-A

              	
                2
                  multiplied by Swap LIBOR, subject to a maximum rate of Uncertificated
                  REMIC I Pass-Through Rate

              
	 	
                II-7-A
                  through II-60-A

              	
                2
                  multiplied by Swap LIBOR, subject to a maximum rate of Uncertificated
                  REMIC I Pass-Through Rate

              
	 	
                I-1-A
                  through I-6-A

              	
                Uncertificated
                  REMIC I Pass-Through Rate

              
	 	
                II-1-A
                  through II-6-A

              	
                Uncertificated
                  REMIC I Pass-Through Rate

              
	 	 	 
	
                8

              	
                I-8-A
                  through I-60-A

              	
                2
                  multiplied by Swap LIBOR, subject to a maximum rate of Uncertificated
                  REMIC I Pass-Through Rate

              
	 	
                II-8-A
                  through II-60-A

              	
                2
                  multiplied by Swap LIBOR, subject to a maximum rate of Uncertificated
                  REMIC I Pass-Through Rate

              
	 	
                I-1-A
                  through I-7-A

              	
                Uncertificated
                  REMIC I Pass-Through Rate

              
	 	
                II-1-A
                  through II-7-A

              	
                Uncertificated
                  REMIC I Pass-Through Rate

              
	 	 	 
	
                9

              	
                I-9-A
                  through I-60-A

              	
                2
                  multiplied by Swap LIBOR, subject to a maximum rate of Uncertificated
                  REMIC I Pass-Through Rate

              
	 	
                II-9-A
                  through II-60-A

              	
                2
                  multiplied by Swap LIBOR, subject to a maximum rate of Uncertificated
                  REMIC I Pass-Through Rate

              
	 	
                I-1-A
                  through I-8-A

              	
                Uncertificated
                  REMIC I Pass-Through Rate

              
	 	
                II-1-A
                  through II-8-A

              	
                Uncertificated
                  REMIC I Pass-Through Rate

              
	 	 	 
	
                10

              	
                I-10-A
                  through I-60-A

              	
                2
                  multiplied by Swap LIBOR, subject to a maximum rate of Uncertificated
                  REMIC I Pass-Through Rate

              
	 	
                II-10-A
                  through II-60-A

              	
                2
                  multiplied by Swap LIBOR, subject to a maximum rate of Uncertificated
                  REMIC I Pass-Through Rate

              
	 	
                I-1-A
                  through I-9-A

              	
                Uncertificated
                  REMIC I Pass-Through Rate

              
	 	
                II-1-A
                  through II-9-A

              	
                Uncertificated
                  REMIC I Pass-Through Rate

              
	 	 	 
	
                11

              	
                I-11-A
                  through I-60-A

              	
                2
                  multiplied by Swap LIBOR, subject to a maximum rate of Uncertificated
                  REMIC I Pass-Through Rate

              
	 	
                II-11-A
                  through II-60-A

              	
                2
                  multiplied by Swap LIBOR, subject to a maximum rate of Uncertificated
                  REMIC I Pass-Through Rate

              
	 	
                I-1-A
                  through I-10-A

              	
                Uncertificated
                  REMIC I Pass-Through Rate

              
	 	
                II-1-A
                  through II-10-A

              	
                Uncertificated
                  REMIC I Pass-Through Rate

              
	 	 	 
	
                12

              	
                I-12-A
                  through I-60-A

              	
                2
                  multiplied by Swap LIBOR, subject to a maximum rate of Uncertificated
                  REMIC I Pass-Through Rate

              
	 	
                II-12-A
                  through II-60-A

              	
                2
                  multiplied by Swap LIBOR, subject to a maximum rate of Uncertificated
                  REMIC I Pass-Through Rate

              
	 	
                I-1-A
                  through I-11-A

              	
                Uncertificated
                  REMIC I Pass-Through Rate

              
	 	
                II-1-A
                  through II-11-A

              	
                Uncertificated
                  REMIC I Pass-Through Rate

              
	 	 	 
	
                13

              	
                I-13-A
                  through I-60-A

              	
                2
                  multiplied by Swap LIBOR, subject to a maximum rate of Uncertificated
                  REMIC I Pass-Through Rate

              
	 	
                II-13-A
                  through II-60-A

              	
                2
                  multiplied by Swap LIBOR, subject to a maximum rate of Uncertificated
                  REMIC I Pass-Through Rate

              
	 	
                I-1-A
                  through I-12-A

              	
                Uncertificated
                  REMIC I Pass-Through Rate

              
	 	
                II-1-A
                  through II-12-A

              	
                Uncertificated
                  REMIC I Pass-Through Rate

              
	 	 	 
	
                14

              	
                I-14-A
                  through I-60-A

              	
                2
                  multiplied by Swap LIBOR, subject to a maximum rate of Uncertificated
                  REMIC I Pass-Through Rate

              
	 	
                II-14-A
                  through II-60-A

              	
                2
                  multiplied by Swap LIBOR, subject to a maximum rate of Uncertificated
                  REMIC I Pass-Through Rate

              
	 	
                I-1-A
                  through I-13-A

              	
                Uncertificated
                  REMIC I Pass-Through Rate

              
	 	
                II-1-A
                  through II-13-A

              	
                Uncertificated
                  REMIC I Pass-Through Rate

              
	 	 	 
	
                15

              	
                I-15-A
                  through I-60-A

              	
                2
                  multiplied by Swap LIBOR, subject to a maximum rate of Uncertificated
                  REMIC I Pass-Through Rate

              
	 	
                II-15-A
                  through II-60-A

              	
                2
                  multiplied by Swap LIBOR, subject to a maximum rate of Uncertificated
                  REMIC I Pass-Through Rate

              
	 	
                I-1-A
                  through I-14-A

              	
                Uncertificated
                  REMIC I Pass-Through Rate

              
	 	
                II-1-A
                  through II-14-A

              	
                Uncertificated
                  REMIC I Pass-Through Rate

              
	 	 	 
	
                16

              	
                I-16-A
                  through I-60-A

              	
                2
                  multiplied by Swap LIBOR, subject to a maximum rate of Uncertificated
                  REMIC I Pass-Through Rate

              
	 	
                II-16-A
                  through II-60-A

              	
                2
                  multiplied by Swap LIBOR, subject to a maximum rate of Uncertificated
                  REMIC I Pass-Through Rate

              
	 	
                I-1-A
                  through I-15-A

              	
                Uncertificated
                  REMIC I Pass-Through Rate

              
	 	
                II-1-A
                  through II-15-A

              	
                Uncertificated
                  REMIC I Pass-Through Rate

              
	 	 	 
	
                17

              	
                I-17-A
                  through I-60-A

              	
                2
                  multiplied by Swap LIBOR, subject to a maximum rate of Uncertificated
                  REMIC I Pass-Through Rate

              
	 	
                II-17-A
                  through II-60-A

              	
                2
                  multiplied by Swap LIBOR, subject to a maximum rate of Uncertificated
                  REMIC I Pass-Through Rate

              
	 	
                I-1-A
                  through I-16-A

              	
                Uncertificated
                  REMIC I Pass-Through Rate

              
	 	
                II-1-A
                  through II-16-A

              	
                Uncertificated
                  REMIC I Pass-Through Rate

              
	 	 	 
	
                18

              	
                I-18-A
                  through I-60-A

              	
                2
                  multiplied by Swap LIBOR, subject to a maximum rate of Uncertificated
                  REMIC I Pass-Through Rate

              
	 	
                II-18-A
                  through II-60-A

              	
                2
                  multiplied by Swap LIBOR, subject to a maximum rate of Uncertificated
                  REMIC I Pass-Through Rate

              
	 	
                I-1-A
                  through I-17-A

              	
                Uncertificated
                  REMIC I Pass-Through Rate

              
	 	
                II-1-A
                  through II-17-A

              	
                Uncertificated
                  REMIC I Pass-Through Rate

              
	 	 	 
	
                19

              	
                I-19-A
                  through I-60-A

              	
                2
                  multiplied by Swap LIBOR, subject to a maximum rate of Uncertificated
                  REMIC I Pass-Through Rate

              
	 	
                II-19-A
                  through II-60-A

              	
                2
                  multiplied by Swap LIBOR, subject to a maximum rate of Uncertificated
                  REMIC I Pass-Through Rate

              
	 	
                I-1-A
                  through I-18-A

              	
                Uncertificated
                  REMIC I Pass-Through Rate

              
	 	
                II-1-A
                  through II-18-A

              	
                Uncertificated
                  REMIC I Pass-Through Rate

              
	 	 	 
	
                20

              	
                I-20-A
                  through I-60-A

              	
                2
                  multiplied by Swap LIBOR, subject to a maximum rate of Uncertificated
                  REMIC I Pass-Through Rate

              
	 	
                II-20-A
                  through II-60-A

              	
                2
                  multiplied by Swap LIBOR, subject to a maximum rate of Uncertificated
                  REMIC I Pass-Through Rate

              
	 	
                I-1-A
                  through I-19-A

              	
                Uncertificated
                  REMIC I Pass-Through Rate

              
	 	
                II-1-A
                  through II-19-A

              	
                Uncertificated
                  REMIC I Pass-Through Rate

              
	 	 	 
	
                21

              	
                I-21-A
                  through I-60-A

              	
                2
                  multiplied by Swap LIBOR, subject to a maximum rate of Uncertificated
                  REMIC I Pass-Through Rate

              
	 	
                II-21-A
                  through II-60-A

              	
                2
                  multiplied by Swap LIBOR, subject to a maximum rate of Uncertificated
                  REMIC I Pass-Through Rate

              
	 	
                I-1-A
                  through I-20-A

              	
                Uncertificated
                  REMIC I Pass-Through Rate

              
	 	
                II-1-A
                  through II-20-A

              	
                Uncertificated
                  REMIC I Pass-Through Rate

              
	 	 	 
	
                22

              	
                I-22-A
                  through I-60-A

              	
                2
                  multiplied by Swap LIBOR, subject to a maximum rate of Uncertificated
                  REMIC I Pass-Through Rate

              
	 	
                II-22-A
                  through II-60-A

              	
                2
                  multiplied by Swap LIBOR, subject to a maximum rate of Uncertificated
                  REMIC I Pass-Through Rate

              
	 	
                I-1-A
                  through I-21-A

              	
                Uncertificated
                  REMIC I Pass-Through Rate

              
	 	
                II-1-A
                  through II-21-A

              	
                Uncertificated
                  REMIC I Pass-Through Rate

              
	 	 	 
	
                23

              	
                I-23-A
                  through I-60-A

              	
                2
                  multiplied by Swap LIBOR, subject to a maximum rate of Uncertificated
                  REMIC I Pass-Through Rate

              
	 	
                II-23-A
                  through II-60-A

              	
                2
                  multiplied by Swap LIBOR, subject to a maximum rate of Uncertificated
                  REMIC I Pass-Through Rate

              
	 	
                I-1-A
                  through I-22-A

              	
                Uncertificated
                  REMIC I Pass-Through Rate

              
	 	
                II-1-A
                  through II-22-A

              	
                Uncertificated
                  REMIC I Pass-Through Rate

              
	 	 	 
	
                24

              	
                I-24-A
                  through I-60-A

              	
                2
                  multiplied by Swap LIBOR, subject to a maximum rate of Uncertificated
                  REMIC I Pass-Through Rate

              
	 	
                II-24-A
                  through II-60-A

              	
                2
                  multiplied by Swap LIBOR, subject to a maximum rate of Uncertificated
                  REMIC I Pass-Through Rate

              
	 	
                I-1-A
                  through I-23-A

              	
                Uncertificated
                  REMIC I Pass-Through Rate

              
	 	
                II-1-A
                  through II-23-A

              	
                Uncertificated
                  REMIC I Pass-Through Rate

              
	 	 	 
	
                25

              	
                I-25-A
                  through I-60-A

              	
                2
                  multiplied by Swap LIBOR, subject to a maximum rate of Uncertificated
                  REMIC I Pass-Through Rate

              
	 	
                II-25-A
                  through II-60-A

              	
                2
                  multiplied by Swap LIBOR, subject to a maximum rate of Uncertificated
                  REMIC I Pass-Through Rate

              
	 	
                I-1-A
                  through I-24-A

              	
                Uncertificated
                  REMIC I Pass-Through Rate

              
	 	
                II-1-A
                  through II-24-A

              	
                Uncertificated
                  REMIC I Pass-Through Rate

              
	 	 	 
	
                26

              	
                I-26-A
                  through I-60-A

              	
                2
                  multiplied by Swap LIBOR, subject to a maximum rate of Uncertificated
                  REMIC I Pass-Through Rate

              
	 	
                II-26-A
                  through II-60-A

              	
                2
                  multiplied by Swap LIBOR, subject to a maximum rate of Uncertificated
                  REMIC I Pass-Through Rate

              
	 	
                I-1-A
                  through I-25-A

              	
                Uncertificated
                  REMIC I Pass-Through Rate

              
	 	
                II-1-A
                  through II-25-A

              	
                Uncertificated
                  REMIC I Pass-Through Rate

              
	 	 	 
	
                27

              	
                I-27-A
                  through I-60-A

              	
                2
                  multiplied by Swap LIBOR, subject to a maximum rate of Uncertificated
                  REMIC I Pass-Through Rate

              
	 	
                II-27-A
                  through II-60-A

              	
                2
                  multiplied by Swap LIBOR, subject to a maximum rate of Uncertificated
                  REMIC I Pass-Through Rate

              
	 	
                I-1-A
                  through I-26-A

              	
                Uncertificated
                  REMIC I Pass-Through Rate

              
	 	
                II-1-A
                  through II-26-A

              	
                Uncertificated
                  REMIC I Pass-Through Rate

              
	 	 	 
	
                28

              	
                I-28-A
                  through I-60-A

              	
                2
                  multiplied by Swap LIBOR, subject to a maximum rate of Uncertificated
                  REMIC I Pass-Through Rate

              
	 	
                II-28-A
                  through II-60-A

              	
                2
                  multiplied by Swap LIBOR, subject to a maximum rate of Uncertificated
                  REMIC I Pass-Through Rate

              
	 	
                I-1-A
                  through I-27-A

              	
                Uncertificated
                  REMIC I Pass-Through Rate

              
	 	
                II-1-A
                  through II-27-A

              	
                Uncertificated
                  REMIC I Pass-Through Rate

              
	 	 	 
	
                29

              	
                I-29-A
                  through I-60-A

              	
                2
                  multiplied by Swap LIBOR, subject to a maximum rate of Uncertificated
                  REMIC I Pass-Through Rate

              
	 	
                II-29-A
                  through II-60-A

              	
                2
                  multiplied by Swap LIBOR, subject to a maximum rate of Uncertificated
                  REMIC I Pass-Through Rate

              
	 	
                I-1-A
                  through I-28-A

              	
                Uncertificated
                  REMIC I Pass-Through Rate

              
	 	
                II-1-A
                  through II-28-A

              	
                Uncertificated
                  REMIC I Pass-Through Rate

              
	 	 	 
	
                30

              	
                I-30-A
                  through I-60-A

              	
                2
                  multiplied by Swap LIBOR, subject to a maximum rate of Uncertificated
                  REMIC I Pass-Through Rate

              
	 	
                II-30-A
                  through II-60-A

              	
                2
                  multiplied by Swap LIBOR, subject to a maximum rate of Uncertificated
                  REMIC I Pass-Through Rate

              
	 	
                I-1-A
                  through I-29-A

              	
                Uncertificated
                  REMIC I Pass-Through Rate

              
	 	
                II-1-A
                  through II-29-A

              	
                Uncertificated
                  REMIC I Pass-Through Rate

              
	 	 	 
	
                31

              	
                I-31-A
                  through I-60-A

              	
                2
                  multiplied by Swap LIBOR, subject to a maximum rate of Uncertificated
                  REMIC I Pass-Through Rate

              
	 	
                II-31-A
                  through II-60-A

              	
                2
                  multiplied by Swap LIBOR, subject to a maximum rate of Uncertificated
                  REMIC I Pass-Through Rate

              
	 	
                I-1-A
                  through I-30-A

              	
                Uncertificated
                  REMIC I Pass-Through Rate

              
	 	
                II-1-A
                  through II-30-A

              	
                Uncertificated
                  REMIC I Pass-Through Rate

              
	 	 	 
	
                32

              	
                I-32-A
                  through I-60-A

              	
                2
                  multiplied by Swap LIBOR, subject to a maximum rate of Uncertificated
                  REMIC I Pass-Through Rate

              
	 	
                II-32-A
                  through II-60-A

              	
                2
                  multiplied by Swap LIBOR, subject to a maximum rate of Uncertificated
                  REMIC I Pass-Through Rate

              
	 	
                I-1-A
                  through I-31-A

              	
                Uncertificated
                  REMIC I Pass-Through Rate

              
	 	
                II-1-A
                  through II-31-A

              	
                Uncertificated
                  REMIC I Pass-Through Rate

              
	 	 	 
	
                33

              	
                I-33-A
                  through I-60-A

              	
                2
                  multiplied by Swap LIBOR, subject to a maximum rate of Uncertificated
                  REMIC I Pass-Through Rate

              
	 	
                II-33-A
                  through II-60-A

              	
                2
                  multiplied by Swap LIBOR, subject to a maximum rate of Uncertificated
                  REMIC I Pass-Through Rate

              
	 	
                I-1-A
                  through I-32-A

              	
                Uncertificated
                  REMIC I Pass-Through Rate

              
	 	
                II-1-A
                  through II-32-A

              	
                Uncertificated
                  REMIC I Pass-Through Rate

              
	 	 	 
	
                34

              	
                I-34-A
                  through I-60-A

              	
                2
                  multiplied by Swap LIBOR, subject to a maximum rate of Uncertificated
                  REMIC I Pass-Through Rate

              
	 	
                II-34-A
                  through II-60-A

              	
                2
                  multiplied by Swap LIBOR, subject to a maximum rate of Uncertificated
                  REMIC I Pass-Through Rate

              
	 	
                I-1-A
                  through I-33-A

              	
                Uncertificated
                  REMIC I Pass-Through Rate

              
	 	
                II-1-A
                  through II-33-A

              	
                Uncertificated
                  REMIC I Pass-Through Rate

              
	 	 	 
	
                35

              	
                I-35-A
                  through I-60-A

              	
                2
                  multiplied by Swap LIBOR, subject to a maximum rate of Uncertificated
                  REMIC I Pass-Through Rate

              
	 	
                II-35-A
                  through II-60-A

              	
                2
                  multiplied by Swap LIBOR, subject to a maximum rate of Uncertificated
                  REMIC I Pass-Through Rate

              
	 	
                I-1-A
                  through I-34-A

              	
                Uncertificated
                  REMIC I Pass-Through Rate

              
	 	
                II-1-A
                  through II-34-A

              	
                Uncertificated
                  REMIC I Pass-Through Rate

              
	 	 	 
	
                36

              	
                I-36-A
                  through I-60-A

              	
                2
                  multiplied by Swap LIBOR, subject to a maximum rate of Uncertificated
                  REMIC I Pass-Through Rate

              
	 	
                II-36-A
                  through II-60-A

              	
                2
                  multiplied by Swap LIBOR, subject to a maximum rate of Uncertificated
                  REMIC I Pass-Through Rate

              
	 	
                I-1-A
                  through I-35-A

              	
                Uncertificated
                  REMIC I Pass-Through Rate

              
	 	
                II-1-A
                  through II-35-A

              	
                Uncertificated
                  REMIC I Pass-Through Rate

              
	 	 	 
	
                37

              	
                I-37-A
                  through I-60-A

              	
                2
                  multiplied by Swap LIBOR, subject to a maximum rate of Uncertificated
                  REMIC I Pass-Through Rate

              
	 	
                II-37-A
                  through II-60-A

              	
                2
                  multiplied by Swap LIBOR, subject to a maximum rate of Uncertificated
                  REMIC I Pass-Through Rate

              
	 	
                I-1-A
                  through I-36-A

              	
                Uncertificated
                  REMIC I Pass-Through Rate

              
	 	
                II-1-A
                  through II-36-A

              	
                Uncertificated
                  REMIC I Pass-Through Rate

              
	 	 	 
	
                38

              	
                I-38-A
                  through I-60-A

              	
                2
                  multiplied by Swap LIBOR, subject to a maximum rate of Uncertificated
                  REMIC I Pass-Through Rate

              
	 	
                II-38-A
                  through II-60-A

              	
                2
                  multiplied by Swap LIBOR, subject to a maximum rate of Uncertificated
                  REMIC I Pass-Through Rate

              
	 	
                I-1-A
                  through I-37-A

              	
                Uncertificated
                  REMIC I Pass-Through Rate

              
	 	
                II-1-A
                  through II-37-A

              	
                Uncertificated
                  REMIC I Pass-Through Rate

              
	 	 	 
	
                39

              	
                I-39-A
                  through I-60-A

              	
                2
                  multiplied by Swap LIBOR, subject to a maximum rate of Uncertificated
                  REMIC I Pass-Through Rate

              
	 	
                II-39-A
                  through II-60-A

              	
                2
                  multiplied by Swap LIBOR, subject to a maximum rate of Uncertificated
                  REMIC I Pass-Through Rate

              
	 	
                I-1-A
                  through I-38-A

              	
                Uncertificated
                  REMIC I Pass-Through Rate

              
	 	
                II-1-A
                  through II-38-A

              	
                Uncertificated
                  REMIC I Pass-Through Rate

              
	 	 	 
	
                40

              	
                I-40-A
                  through I-60-A

              	
                2
                  multiplied by Swap LIBOR, subject to a maximum rate of Uncertificated
                  REMIC I Pass-Through Rate

              
	 	
                II-40-A
                  through II-60-A

              	
                2
                  multiplied by Swap LIBOR, subject to a maximum rate of Uncertificated
                  REMIC I Pass-Through Rate

              
	 	
                I-1-A
                  through I-39-A

              	
                Uncertificated
                  REMIC I Pass-Through Rate

              
	 	
                II-1-A
                  through II-39-A

              	
                Uncertificated
                  REMIC I Pass-Through Rate

              
	 	 	 
	
                41

              	
                I-41-A
                  through I-60-A

              	
                2
                  multiplied by Swap LIBOR, subject to a maximum rate of Uncertificated
                  REMIC I Pass-Through Rate

              
	 	
                II-41-A
                  through II-60-A

              	
                2
                  multiplied by Swap LIBOR, subject to a maximum rate of Uncertificated
                  REMIC I Pass-Through Rate

              
	 	
                I-1-A
                  through I-40-A

              	
                Uncertificated
                  REMIC I Pass-Through Rate

              
	 	
                II-1-A
                  through II-40-A

              	
                Uncertificated
                  REMIC I Pass-Through Rate

              
	 	 	 
	
                42

              	
                I-42-A
                  through I-60-A

              	
                2
                  multiplied by Swap LIBOR, subject to a maximum rate of Uncertificated
                  REMIC I Pass-Through Rate

              
	 	
                II-42-A
                  through II-60-A

              	
                2
                  multiplied by Swap LIBOR, subject to a maximum rate of Uncertificated
                  REMIC I Pass-Through Rate

              
	 	
                I-1-A
                  through I-41-A

              	
                Uncertificated
                  REMIC I Pass-Through Rate

              
	 	
                II-1-A
                  through II-41-A

              	
                Uncertificated
                  REMIC I Pass-Through Rate

              
	 	 	 
	
                43

              	
                I-43-A
                  through I-60-A

              	
                2
                  multiplied by Swap LIBOR, subject to a maximum rate of Uncertificated
                  REMIC I Pass-Through Rate

              
	 	
                II-43-A
                  through II-60-A

              	
                2
                  multiplied by Swap LIBOR, subject to a maximum rate of Uncertificated
                  REMIC I Pass-Through Rate 

              
	 	
                I-1-A
                  through I-42-A

              	
                Uncertificated
                  REMIC I Pass-Through Rate

              
	 	
                II-1-A
                  through II-42-A

              	
                Uncertificated
                  REMIC I Pass-Through Rate

              
	 	 	 
	
                44

              	
                I-44-A
                  through I-60-A

              	
                2
                  multiplied by Swap LIBOR, subject to a maximum rate of Uncertificated
                  REMIC I Pass-Through Rate

              
	 	
                II-44-A
                  through II-60-A

              	
                2
                  multiplied by Swap LIBOR, subject to a maximum rate of Uncertificated
                  REMIC I Pass-Through Rate

              
	 	
                I-1-A
                  through I-43-A

              	
                Uncertificated
                  REMIC I Pass-Through Rate

              
	 	
                II-1-A
                  through II-43-A

              	
                Uncertificated
                  REMIC I Pass-Through Rate

              
	 	 	 
	
                45

              	
                I-45-A
                  through I-60-A

              	
                2
                  multiplied by Swap LIBOR, subject to a maximum rate of Uncertificated
                  REMIC I Pass-Through Rate

              
	 	
                II-45-A
                  through II-60-A

              	
                2
                  multiplied by Swap LIBOR, subject to a maximum rate of Uncertificated
                  REMIC I Pass-Through Rate

              
	 	
                I-1-A
                  through I-44-A

              	
                Uncertificated
                  REMIC I Pass-Through Rate

              
	 	
                II-1-A
                  through II-44-A

              	
                Uncertificated
                  REMIC I Pass-Through Rate

              
	 	 	 
	
                46

              	
                I-46-A
                  through I-60-A

              	
                2
                  multiplied by Swap LIBOR, subject to a maximum rate of Uncertificated
                  REMIC I Pass-Through Rate

              
	 	
                II-46-A
                  through II-60-A

              	
                2
                  multiplied by Swap LIBOR, subject to a maximum rate of Uncertificated
                  REMIC I Pass-Through Rate

              
	 	
                I-1-A
                  through I-45-A

              	
                Uncertificated
                  REMIC I Pass-Through Rate

              
	 	
                II-1-A
                  through II-45-A

              	
                Uncertificated
                  REMIC I Pass-Through Rate

              
	 	 	 
	
                47

              	
                I-47-A
                  through I-60-A

              	
                2
                  multiplied by Swap LIBOR, subject to a maximum rate of Uncertificated
                  REMIC I Pass-Through Rate

              
	 	
                II-47-A
                  through II-60-A

              	
                2
                  multiplied by Swap LIBOR, subject to a maximum rate of Uncertificated
                  REMIC I Pass-Through Rate

              
	 	
                I-1-A
                  through I-46-A

              	
                Uncertificated
                  REMIC I Pass-Through Rate

              
	 	
                II-1-A
                  through II-46-A

              	
                Uncertificated
                  REMIC I Pass-Through Rate

              
	 	 	 
	
                48

              	
                I-48-A
                  through I-60-A

              	
                2
                  multiplied by Swap LIBOR, subject to a maximum rate of Uncertificated
                  REMIC I Pass-Through Rate

              
	 	
                II-48-A
                  through II-60-A

              	
                2
                  multiplied by Swap LIBOR, subject to a maximum rate of Uncertificated
                  REMIC I Pass-Through Rate

              
	 	
                I-1-A
                  through I-47-A

              	
                Uncertificated
                  REMIC I Pass-Through Rate

              
	 	
                II-1-A
                  through II-47-A

              	
                Uncertificated
                  REMIC I Pass-Through Rate

              
	 	 	 
	
                49

              	
                I-49-A
                  through I-60-A

              	
                2
                  multiplied by Swap LIBOR, subject to a maximum rate of Uncertificated
                  REMIC I Pass-Through Rate

              
	 	
                II-49-A
                  through II-60-A

              	
                2
                  multiplied by Swap LIBOR, subject to a maximum rate of Uncertificated
                  REMIC I Pass-Through Rate

              
	 	
                I-1-A
                  through I-48-A

              	
                Uncertificated
                  REMIC I Pass-Through Rate

              
	 	
                II-1-A
                  through II-48-A

              	
                Uncertificated
                  REMIC I Pass-Through Rate

              
	 	 	 
	
                50

              	
                I-50-A
                  through I-60-A

              	
                2
                  multiplied by Swap LIBOR, subject to a maximum rate of Uncertificated
                  REMIC I Pass-Through Rate

              
	 	
                II-50-A
                  through II-60-A

              	
                2
                  multiplied by Swap LIBOR, subject to a maximum rate of Uncertificated
                  REMIC I Pass-Through Rate

              
	 	
                I-1-A
                  through I-49-A

              	
                Uncertificated
                  REMIC I Pass-Through Rate

              
	 	
                II-1-A
                  through II-49-A

              	
                Uncertificated
                  REMIC I Pass-Through Rate

              
	 	 	 
	
                51

              	
                I-51-A
                  through I-60-A

              	
                2
                  multiplied by Swap LIBOR, subject to a maximum rate of Uncertificated
                  REMIC I Pass-Through Rate

              
	 	
                II-51-A
                  through II-60-A

              	
                2
                  multiplied by Swap LIBOR, subject to a maximum rate of Uncertificated
                  REMIC I Pass-Through Rate

              
	 	
                I-1-A
                  through I-50-A

              	
                Uncertificated
                  REMIC I Pass-Through Rate

              
	 	
                II-1-A
                  through II-50-A

              	
                Uncertificated
                  REMIC I Pass-Through Rate

              
	 	 	 
	
                52

              	
                I-52-A
                  through I-60-A

              	
                2
                  multiplied by Swap LIBOR, subject to a maximum rate of Uncertificated
                  REMIC I Pass-Through Rate

              
	 	
                II-52-A
                  through II-60-A

              	
                2
                  multiplied by Swap LIBOR, subject to a maximum rate of Uncertificated
                  REMIC I Pass-Through Rate

              
	 	
                I-1-A
                  through I-51-A

              	
                Uncertificated
                  REMIC I Pass-Through Rate

              
	 	
                II-1-A
                  through II-51-A

              	
                Uncertificated
                  REMIC I Pass-Through Rate

              
	 	 	 
	
                53

              	
                I-53-A
                  through I-60-A

              	
                2
                  multiplied by Swap LIBOR, subject to a maximum rate of Uncertificated
                  REMIC I Pass-Through Rate

              
	 	
                II-53-A
                  through II-60-A

              	
                2
                  multiplied by Swap LIBOR, subject to a maximum rate of Uncertificated
                  REMIC I Pass-Through Rate

              
	 	
                I-1-A
                  through I-52-A

              	
                Uncertificated
                  REMIC I Pass-Through Rate

              
	 	
                II-1-A
                  through II-52-A

              	
                Uncertificated
                  REMIC I Pass-Through Rate

              
	 	 	 
	
                54

              	
                I-54-A
                  through I-60-A

              	
                2
                  multiplied by Swap LIBOR, subject to a maximum rate of Uncertificated
                  REMIC I Pass-Through Rate

              
	 	
                II-54-A
                  through II-60-A

              	
                2
                  multiplied by Swap LIBOR, subject to a maximum rate of Uncertificated
                  REMIC I Pass-Through Rate

              
	 	
                I-1-A
                  through I-53-A

              	
                Uncertificated
                  REMIC I Pass-Through Rate

              
	 	
                II-1-A
                  through II-53-A

              	
                Uncertificated
                  REMIC I Pass-Through Rate

              
	 	 	 
	
                55

              	
                I-55-A
                  through I-60-A

              	
                2
                  multiplied by Swap LIBOR, subject to a maximum rate of Uncertificated
                  REMIC I Pass-Through Rate

              
	 	
                II-55-A
                  through II-60-A

              	
                2
                  multiplied by Swap LIBOR, subject to a maximum rate of Uncertificated
                  REMIC I Pass-Through Rate

              
	 	
                I-1-A
                  through I-54-A

              	
                Uncertificated
                  REMIC I Pass-Through Rate

              
	 	
                II-1-A
                  through II-54-A

              	
                Uncertificated
                  REMIC I Pass-Through Rate

              
	 	 	 
	
                56

              	
                I-56-A
                  through I-60-A

              	
                2
                  multiplied by Swap LIBOR, subject to a maximum rate of Uncertificated
                  REMIC I Pass-Through Rate

              
	 	
                II-56-A
                  through II-60-A

              	
                2
                  multiplied by Swap LIBOR, subject to a maximum rate of Uncertificated
                  REMIC I Pass-Through Rate

              
	 	
                I-1-A
                  through I-55-A

              	
                Uncertificated
                  REMIC I Pass-Through Rate

              
	 	
                II-1-A
                  through II-55-A

              	
                Uncertificated
                  REMIC I Pass-Through Rate

              
	 	 	 
	
                57

              	
                I-57-A
                  through I-60-A

              	
                2
                  multiplied by Swap LIBOR, subject to a maximum rate of Uncertificated
                  REMIC I Pass-Through Rate

              
	 	
                II-57-A
                  through II-60-A

              	
                2
                  multiplied by Swap LIBOR, subject to a maximum rate of Uncertificated
                  REMIC I Pass-Through Rate

              
	 	
                I-1-A
                  through I-56-A

              	
                Uncertificated
                  REMIC I Pass-Through Rate

              
	 	
                II-1-A
                  through II-56-A

              	
                Uncertificated
                  REMIC I Pass-Through Rate

              
	 	 	 
	
                58

              	
                I-58-A
                  through I-60-A

              	
                2
                  multiplied by Swap LIBOR, subject to a maximum rate of Uncertificated
                  REMIC I Pass-Through Rate

              
	 	
                II-58-A
                  through II-60-A

              	
                2
                  multiplied by Swap LIBOR, subject to a maximum rate of Uncertificated
                  REMIC I Pass-Through Rate

              
	 	
                I-1-A
                  through I-57-A

              	
                Uncertificated
                  REMIC I Pass-Through Rate

              
	 	
                II-1-A
                  through II-57-A

              	
                Uncertificated
                  REMIC I Pass-Through Rate

              
	 	 	 
	
                59

              	
                I-59-A
                  and I-60-A

              	
                2
                  multiplied by Swap LIBOR, subject to a maximum rate of Uncertificated
                  REMIC I Pass-Through Rate

              
	 	
                II-59-A
                  and II-60-A

              	
                2
                  multiplied by Swap LIBOR, subject to a maximum rate of Uncertificated
                  REMIC I Pass-Through Rate

              
	 	
                I-1-A
                  through I-58-A

              	
                Uncertificated
                  REMIC I Pass-Through Rate

              
	 	
                II-1-A
                  through II-58-A

              	
                Uncertificated
                  REMIC I Pass-Through Rate

              
	 	 	 
	
                60

              	
                I-60-A

              	
                2
                  multiplied by Swap LIBOR, subject to a maximum rate of Uncertificated
                  REMIC I Pass-Through Rate

              
	 	
                II-60-A

              	
                2
                  multiplied by Swap LIBOR, subject to a maximum rate of Uncertificated
                  REMIC I Pass-Through Rate

              
	 	
                I-1-A
                  through I-59-A

              	
                Uncertificated
                  REMIC I Pass-Through Rate

              
	 	
                II-1-A
                  through II-59-A

              	
                Uncertificated
                  REMIC I Pass-Through Rate

              
	 	 	 
	
                thereafter

              	
                I-1-A
                  through I-60-A

              	
                Uncertificated
                  REMIC I Pass-Through Rate

              
	 	
                II-1-A
                  through II-60-A

              	
                Uncertificated
                  REMIC I Pass-Through Rate

              

      

      

       

      With
        respect to REMIC III Regular Interest I-1-Grp and any Distribution Date,
        a per
        annum rate equal to the weighted average of (x) the Uncertificated REMIC
        I
        Pass-Through Rates for the REMIC I Group I Regular Interests ending with
        the
        designation “B” for such Distribution Date and (y) the rates listed below for
        the REMIC I Group I Regular Interests ending with the designation “A” for such
        Distribution Date listed below, in each case, weighted on the basis of the
        Uncertificated Principal Balances of each such REMIC I Group I Regular Interest
        for such Distribution Date:

       

      
        	
                Distribution
                  Date

              	
                REMIC
                  I Regular Interest

              	
                Rate

              
	
                1

              	
                I-1-A
                  through I-60-A

              	
                2
                  multiplied by Swap LIBOR, subject to a maximum rate of Uncertificated
                  REMIC I Pass-Through Rate

              
	 	 	 
	
                2

              	
                I-2-A
                  through I-60-A

              	
                2
                  multiplied by Swap LIBOR, subject to a maximum rate of Uncertificated
                  REMIC I Pass-Through Rate

              
	 	
                I-1-A

              	
                Uncertificated
                  REMIC I Pass-Through Rate

              
	 	 	 
	
                3

              	
                I-3-A
                  through I-60-A

              	
                2
                  multiplied by Swap LIBOR, subject to a maximum rate of Uncertificated
                  REMIC I Pass-Through Rate

              
	 	
                I-1-A
                  through I-2-A

              	
                Uncertificated
                  REMIC I Pass-Through Rate

              
	 	 	 
	
                4

              	
                I-4-A
                  through I-60-A

              	
                2
                  multiplied by Swap LIBOR, subject to a maximum rate of Uncertificated
                  REMIC I Pass-Through Rate

              
	 	
                I-1-A
                  through I-3-A

              	
                Uncertificated
                  REMIC I Pass-Through Rate

              
	 	 	 
	
                5

              	
                I-5-A
                  through I-60-A

              	
                2
                  multiplied by Swap LIBOR, subject to a maximum rate of Uncertificated
                  REMIC I Pass-Through Rate

              
	 	
                I-1-A
                  through I-4-A

              	
                Uncertificated
                  REMIC I Pass-Through Rate

              
	 	 	 
	
                6

              	
                I-1-A
                  through I-60-A

              	
                2
                  multiplied by Swap LIBOR, subject to a maximum rate of Uncertificated
                  REMIC I Pass-Through Rate

              
	 	
                I-1-A
                  through I-5-A

              	
                Uncertificated
                  REMIC I Pass-Through Rate

              
	 	 	 
	
                7

              	
                I-7-A
                  through I-60-A

              	
                2
                  multiplied by Swap LIBOR, subject to a maximum rate of Uncertificated
                  REMIC I Pass-Through Rate

              
	 	
                I-1-A
                  through I-6-A

              	
                Uncertificated
                  REMIC I Pass-Through Rate

              
	 	 	 
	
                8

              	
                I-8-A
                  through I-60-A

              	
                2
                  multiplied by Swap LIBOR, subject to a maximum rate of Uncertificated
                  REMIC I Pass-Through Rate

              
	 	
                I-1-A
                  through I-7-A

              	
                Uncertificated
                  REMIC I Pass-Through Rate

              
	 	 	 
	
                9

              	
                I-9-A
                  through I-60-A

              	
                2
                  multiplied by Swap LIBOR, subject to a maximum rate of Uncertificated
                  REMIC I Pass-Through Rate

              
	 	
                I-1-A
                  through I-8-A

              	
                Uncertificated
                  REMIC I Pass-Through Rate

              
	 	 	 
	
                10

              	
                I-10-A
                  through I-60-A

              	
                2
                  multiplied by Swap LIBOR, subject to a maximum rate of Uncertificated
                  REMIC I Pass-Through Rate

              
	 	
                I-1-A
                  through I-9-A

              	
                Uncertificated
                  REMIC I Pass-Through Rate

              
	 	 	 
	
                11

              	
                I-11-A
                  through I-60-A

              	
                2
                  multiplied by Swap LIBOR, subject to a maximum rate of Uncertificated
                  REMIC I Pass-Through Rate

              
	 	
                I-1-A
                  through I-10-A

              	
                Uncertificated
                  REMIC I Pass-Through Rate

              
	 	 	 
	
                12

              	
                I-12-A
                  through I-60-A

              	
                2
                  multiplied by Swap LIBOR, subject to a maximum rate of Uncertificated
                  REMIC I Pass-Through Rate

              
	 	
                I-1-A
                  through I-11-A

              	
                Uncertificated
                  REMIC I Pass-Through Rate

              
	 	 	 
	
                13

              	
                I-13-A
                  through I-60-A

              	
                2
                  multiplied by Swap LIBOR, subject to a maximum rate of Uncertificated
                  REMIC I Pass-Through Rate

              
	 	
                I-1-A
                  through I-12-A

              	
                Uncertificated
                  REMIC I Pass-Through Rate

              
	 	 	 
	
                14

              	
                I-14-A
                  through I-60-A

              	
                2
                  multiplied by Swap LIBOR, subject to a maximum rate of Uncertificated
                  REMIC I Pass-Through Rate

              
	 	
                I-1-A
                  through I-13-A

              	
                Uncertificated
                  REMIC I Pass-Through Rate

              
	 	 	 
	
                15

              	
                I-15-A
                  through I-60-A

              	
                2
                  multiplied by Swap LIBOR, subject to a maximum rate of Uncertificated
                  REMIC I Pass-Through Rate

              
	 	
                I-1-A
                  through I-14-A

              	
                Uncertificated
                  REMIC I Pass-Through Rate

              
	 	 	 
	
                16

              	
                I-16-A
                  through I-60-A

              	
                2
                  multiplied by Swap LIBOR, subject to a maximum rate of Uncertificated
                  REMIC I Pass-Through Rate

              
	 	
                I-1-A
                  through I-15-A

              	
                Uncertificated
                  REMIC I Pass-Through Rate

              
	 	 	 
	
                17

              	
                I-17-A
                  through I-60-A

              	
                2
                  multiplied by Swap LIBOR, subject to a maximum rate of Uncertificated
                  REMIC I Pass-Through Rate

              
	 	
                I-1-A
                  through I-16-A

              	
                Uncertificated
                  REMIC I Pass-Through Rate

              
	 	 	 
	
                18

              	
                I-18-A
                  through I-60-A

              	
                2
                  multiplied by Swap LIBOR, subject to a maximum rate of Uncertificated
                  REMIC I Pass-Through Rate

              
	 	
                I-1-A
                  through I-17-A

              	
                Uncertificated
                  REMIC I Pass-Through Rate

              
	 	 	 
	
                19

              	
                I-19-A
                  through I-60-A

              	
                2
                  multiplied by Swap LIBOR, subject to a maximum rate of Uncertificated
                  REMIC I Pass-Through Rate

              
	 	
                I-1-A
                  through I-18-A

              	
                Uncertificated
                  REMIC I Pass-Through Rate

              
	 	 	 
	
                20

              	
                I-20-A
                  through I-60-A

              	
                2
                  multiplied by Swap LIBOR, subject to a maximum rate of Uncertificated
                  REMIC I Pass-Through Rate

              
	 	
                I-1-A
                  through I-19-A

              	
                Uncertificated
                  REMIC I Pass-Through Rate

              
	 	 	 
	
                21

              	
                I-21-A
                  through I-60-A

              	
                2
                  multiplied by Swap LIBOR, subject to a maximum rate of Uncertificated
                  REMIC I Pass-Through Rate

              
	 	
                I-1-A
                  through I-20-A

              	
                Uncertificated
                  REMIC I Pass-Through Rate

              
	 	 	 
	
                22

              	
                I-22-A
                  through I-60-A

              	
                2
                  multiplied by Swap LIBOR, subject to a maximum rate of Uncertificated
                  REMIC I Pass-Through Rate

              
	 	
                I-1-A
                  through I-21-A

              	
                Uncertificated
                  REMIC I Pass-Through Rate

              
	 	 	 
	
                23

              	
                I-23-A
                  through I-60-A

              	
                2
                  multiplied by Swap LIBOR, subject to a maximum rate of Uncertificated
                  REMIC I Pass-Through Rate

              
	 	
                I-1-A
                  through I-22-A

              	
                Uncertificated
                  REMIC I Pass-Through Rate

              
	 	 	 
	
                24

              	
                I-24-A
                  through I-60-A

              	
                2
                  multiplied by Swap LIBOR, subject to a maximum rate of Uncertificated
                  REMIC I Pass-Through Rate

              
	 	
                I-1-A
                  through I-23-A

              	
                Uncertificated
                  REMIC I Pass-Through Rate

              
	 	 	 
	
                25

              	
                I-25-A
                  through I-60-A

              	
                2
                  multiplied by Swap LIBOR, subject to a maximum rate of Uncertificated
                  REMIC I Pass-Through Rate

              
	 	
                I-1-A
                  through I-24-A

              	
                Uncertificated
                  REMIC I Pass-Through Rate

              
	 	 	 
	
                26

              	
                I-26-A
                  through I-60-A

              	
                2
                  multiplied by Swap LIBOR, subject to a maximum rate of Uncertificated
                  REMIC I Pass-Through Rate

              
	 	
                I-1-A
                  through I-25-A

              	
                Uncertificated
                  REMIC I Pass-Through Rate

              
	 	 	 
	
                27

              	
                I-27-A
                  through I-60-A

              	
                2
                  multiplied by Swap LIBOR, subject to a maximum rate of Uncertificated
                  REMIC I Pass-Through Rate

              
	 	
                I-1-A
                  through I-26-A

              	
                Uncertificated
                  REMIC I Pass-Through Rate

              
	 	 	 
	
                28

              	
                I-28-A
                  through I-60-A

              	
                2
                  multiplied by Swap LIBOR, subject to a maximum rate of Uncertificated
                  REMIC I Pass-Through Rate

              
	 	
                I-1-A
                  through I-27-A

              	
                Uncertificated
                  REMIC I Pass-Through Rate

              
	 	 	 
	
                29

              	
                I-29-A
                  through I-60-A

              	
                2
                  multiplied by Swap LIBOR, subject to a maximum rate of Uncertificated
                  REMIC I Pass-Through Rate

              
	 	
                I-1-A
                  through I-28-A

              	
                Uncertificated
                  REMIC I Pass-Through Rate

              
	 	 	 
	
                30

              	
                I-30-A
                  through I-60-A

              	
                2
                  multiplied by Swap LIBOR, subject to a maximum rate of Uncertificated
                  REMIC I Pass-Through Rate

              
	 	
                I-1-A
                  through I-29-A

              	
                Uncertificated
                  REMIC I Pass-Through Rate

              
	 	 	 
	
                31

              	
                I-31-A
                  through I-60-A

              	
                2
                  multiplied by Swap LIBOR, subject to a maximum rate of Uncertificated
                  REMIC I Pass-Through Rate

              
	 	
                I-1-A
                  through I-30-A

              	
                Uncertificated
                  REMIC I Pass-Through Rate

              
	 	 	 
	
                32

              	
                I-32-A
                  through I-60-A

              	
                2
                  multiplied by Swap LIBOR, subject to a maximum rate of Uncertificated
                  REMIC I Pass-Through Rate

              
	 	
                I-1-A
                  through I-31-A

              	
                Uncertificated
                  REMIC I Pass-Through Rate

              
	 	 	 
	
                33

              	
                I-33-A
                  through I-60-A

              	
                2
                  multiplied by Swap LIBOR, subject to a maximum rate of Uncertificated
                  REMIC I Pass-Through Rate

              
	 	
                I-1-A
                  through I-32-A

              	
                Uncertificated
                  REMIC I Pass-Through Rate

              
	 	 	 
	
                34

              	
                I-34-A
                  through I-60-A

              	
                2
                  multiplied by Swap LIBOR, subject to a maximum rate of Uncertificated
                  REMIC I Pass-Through Rate

              
	 	
                I-1-A
                  through I-33-A

              	
                Uncertificated
                  REMIC I Pass-Through Rate

              
	 	 	 
	
                35

              	
                I-35-A
                  through I-60-A

              	
                2
                  multiplied by Swap LIBOR, subject to a maximum rate of Uncertificated
                  REMIC I Pass-Through Rate

              
	 	
                I-1-A
                  through I-34-A

              	
                Uncertificated
                  REMIC I Pass-Through Rate

              
	 	 	 
	
                36

              	
                I-36-A
                  through I-60-A

              	
                2
                  multiplied by Swap LIBOR, subject to a maximum rate of Uncertificated
                  REMIC I Pass-Through Rate

              
	 	
                I-1-A
                  through I-35-A

              	
                Uncertificated
                  REMIC I Pass-Through Rate

              
	 	 	 
	
                37

              	
                I-37-A
                  through I-60-A

              	
                2
                  multiplied by Swap LIBOR, subject to a maximum rate of Uncertificated
                  REMIC I Pass-Through Rate

              
	 	
                I-1-A
                  through I-36-A

              	
                Uncertificated
                  REMIC I Pass-Through Rate

              
	 	 	 
	
                38

              	
                I-38-A
                  through I-60-A

              	
                2
                  multiplied by Swap LIBOR, subject to a maximum rate of Uncertificated
                  REMIC I Pass-Through Rate

              
	 	
                I-1-A
                  through I-37-A

              	
                Uncertificated
                  REMIC I Pass-Through Rate

              
	 	 	 
	
                39

              	
                I-39-A
                  through I-60-A

              	
                2
                  multiplied by Swap LIBOR, subject to a maximum rate of Uncertificated
                  REMIC I Pass-Through Rate

              
	 	
                I-1-A
                  through I-38-A

              	
                Uncertificated
                  REMIC I Pass-Through Rate

              
	 	 	 
	
                40

              	
                I-40-A
                  through I-60-A

              	
                2
                  multiplied by Swap LIBOR, subject to a maximum rate of Uncertificated
                  REMIC I Pass-Through Rate

              
	 	
                I-1-A
                  through I-39-A

              	
                Uncertificated
                  REMIC I Pass-Through Rate

              
	 	 	 
	
                41

              	
                I-41-A
                  through I-60-A

              	
                2
                  multiplied by Swap LIBOR, subject to a maximum rate of Uncertificated
                  REMIC I Pass-Through Rate

              
	 	
                I-1-A
                  through I-40-A

              	
                Uncertificated
                  REMIC I Pass-Through Rate

              
	 	 	 
	
                42

              	
                I-42-A
                  through I-60-A

              	
                2
                  multiplied by Swap LIBOR, subject to a maximum rate of Uncertificated
                  REMIC I Pass-Through Rate

              
	 	
                I-1-A
                  through I-41-A

              	
                Uncertificated
                  REMIC I Pass-Through Rate

              
	 	 	 
	
                43

              	
                I-43-A
                  through I-60-A

              	
                2
                  multiplied by Swap LIBOR, subject to a maximum rate of Uncertificated
                  REMIC I Pass-Through Rate

              
	 	
                I-1-A
                  through I-42-A

              	
                Uncertificated
                  REMIC I Pass-Through Rate

              
	 	 	 
	
                44

              	
                I-44-A
                  through I-60-A

              	
                2
                  multiplied by Swap LIBOR, subject to a maximum rate of Uncertificated
                  REMIC I Pass-Through Rate

              
	 	
                I-1-A
                  through I-43-A

              	
                Uncertificated
                  REMIC I Pass-Through Rate

              
	 	 	 
	
                45

              	
                I-45-A
                  through I-60-A

              	
                2
                  multiplied by Swap LIBOR, subject to a maximum rate of Uncertificated
                  REMIC I Pass-Through Rate

              
	 	
                I-1-A
                  through I-44-A

              	
                Uncertificated
                  REMIC I Pass-Through Rate

              
	 	 	 
	
                46

              	
                I-46-A
                  through I-60-A

              	
                2
                  multiplied by Swap LIBOR, subject to a maximum rate of Uncertificated
                  REMIC I Pass-Through Rate

              
	 	
                I-1-A
                  through I-45-A

              	
                Uncertificated
                  REMIC I Pass-Through Rate

              
	 	 	 
	
                47

              	
                I-47-A
                  through I-60-A

              	
                2
                  multiplied by Swap LIBOR, subject to a maximum rate of Uncertificated
                  REMIC I Pass-Through Rate

              
	 	
                I-1-A
                  through I-46-A

              	
                Uncertificated
                  REMIC I Pass-Through Rate

              
	 	 	 
	
                48

              	
                I-48-A
                  through I-60-A

              	
                2
                  multiplied by Swap LIBOR, subject to a maximum rate of Uncertificated
                  REMIC I Pass-Through Rate

              
	 	
                I-1-A
                  through I-47-A

              	
                Uncertificated
                  REMIC I Pass-Through Rate

              
	 	 	 
	
                49

              	
                I-49-A
                  through I-60-A

              	
                2
                  multiplied by Swap LIBOR, subject to a maximum rate of Uncertificated
                  REMIC I Pass-Through Rate

              
	 	
                I-1-A
                  through I-48-A

              	
                Uncertificated
                  REMIC I Pass-Through Rate

              
	 	 	 
	
                50

              	
                I-50-A
                  through I-60-A

              	
                2
                  multiplied by Swap LIBOR, subject to a maximum rate of Uncertificated
                  REMIC I Pass-Through Rate

              
	 	
                I-1-A
                  through I-49-A

              	
                Uncertificated
                  REMIC I Pass-Through Rate

              
	 	 	 
	
                51

              	
                I-51-A
                  through I-60-A

              	
                2
                  multiplied by Swap LIBOR, subject to a maximum rate of Uncertificated
                  REMIC I Pass-Through Rate

              
	 	
                I-1-A
                  through I-50-A

              	
                Uncertificated
                  REMIC I Pass-Through Rate

              
	 	 	 
	
                52

              	
                I-52-A
                  through I-60-A

              	
                2
                  multiplied by Swap LIBOR, subject to a maximum rate of Uncertificated
                  REMIC I Pass-Through Rate

              
	 	
                I-1-A
                  through I-51-A

              	
                Uncertificated
                  REMIC I Pass-Through Rate

              
	 	 	 
	
                53

              	
                I-53-A
                  through I-60-A

              	
                2
                  multiplied by Swap LIBOR, subject to a maximum rate of Uncertificated
                  REMIC I Pass-Through Rate

              
	 	
                I-1-A
                  through I-52-A

              	
                Uncertificated
                  REMIC I Pass-Through Rate

              
	 	 	 
	
                54

              	
                I-54-A
                  through I-60-A

              	
                2
                  multiplied by Swap LIBOR, subject to a maximum rate of Uncertificated
                  REMIC I Pass-Through Rate

              
	 	
                I-1-A
                  through I-53-A

              	
                Uncertificated
                  REMIC I Pass-Through Rate

              
	 	 	 
	
                55

              	
                I-55-A
                  through I-60-A

              	
                2
                  multiplied by Swap LIBOR, subject to a maximum rate of Uncertificated
                  REMIC I Pass-Through Rate

              
	 	
                I-1-A
                  through I-54-A

              	
                Uncertificated
                  REMIC I Pass-Through Rate

              
	 	 	 
	
                56

              	
                I-56-A
                  through I-60-A

              	
                2
                  multiplied by Swap LIBOR, subject to a maximum rate of Uncertificated
                  REMIC I Pass-Through Rate

              
	 	
                I-1-A
                  through I-55-A

              	
                Uncertificated
                  REMIC I Pass-Through Rate

              
	 	 	 
	
                57

              	
                I-57-A
                  through I-60-A

              	
                2
                  multiplied by Swap LIBOR, subject to a maximum rate of Uncertificated
                  REMIC I Pass-Through Rate

              
	 	
                I-1-A
                  through I-56-A

              	
                Uncertificated
                  REMIC I Pass-Through Rate

              
	 	 	 
	
                58

              	
                I-58-A
                  through I-60-A

              	
                2
                  multiplied by Swap LIBOR, subject to a maximum rate of Uncertificated
                  REMIC I Pass-Through Rate

              
	 	
                I-1-A
                  through I-57-A

              	
                Uncertificated
                  REMIC I Pass-Through Rate

              
	 	 	 
	
                59

              	
                I-59-A
                  and I-60-A

              	
                2
                  multiplied by Swap LIBOR, subject to a maximum rate of Uncertificated
                  REMIC I Pass-Through Rate

              
	 	
                I-1-A
                  through I-58-A

              	
                Uncertificated
                  REMIC I Pass-Through Rate

              
	 	 	 
	
                60

              	
                I-60-A

              	
                2
                  multiplied by Swap LIBOR, subject to a maximum rate of Uncertificated
                  REMIC I Pass-Through Rate

              
	 	
                I-1-A
                  through I-59-A

              	
                Uncertificated
                  REMIC I Pass-Through Rate

              
	 	 	 
	
                thereafter

              	
                I-1-A
                  through I-60-A

              	
                Uncertificated
                  REMIC I Pass-Through Rate

              

      

      

      With
        respect to REMIC III Regular Interest I-2-Grp and any Distribution Date,
        a per
        annum rate equal to the weighted average of (x) the Uncertificated REMIC
        I
        Pass-Through Rates for the REMIC I Group II Regular Interests ending with
        the
        designation “B” for such Distribution Date and (y) the rates listed below for
        the REMIC I Group II Regular Interests ending with the designation “A” for such
        Distribution Date listed below, in each case, weighted on the basis of the
        Uncertificated Principal Balances of each such REMIC I Group II Regular Interest
        for such Distribution Date:

       

      
        	
                Distribution
                  Date

              	
                REMIC
                  II Regular Interest

              	
                Rate

              
	
                1

              	
                II-1-A
                  through II-60-A

              	
                2
                  multiplied by Swap LIBOR, subject to a maximum rate of Uncertificated
                  REMIC I Pass-Through Rate

              
	 	 	 
	
                2

              	
                II-2-A
                  through II-60-A

              	
                2
                  multiplied by Swap LIBOR, subject to a maximum rate of Uncertificated
                  REMIC I Pass-Through Rate

              
	 	
                II-1-A

              	
                Uncertificated
                  REMIC I Pass-Through Rate

              
	 	 	 
	
                3

              	
                II-3-A
                  through II-60-A

              	
                2
                  multiplied by Swap LIBOR, subject to a maximum rate of Uncertificated
                  REMIC I Pass-Through Rate

              
	 	
                II-1-A
                  through II-2-A

              	
                Uncertificated
                  REMIC I Pass-Through Rate

              
	 	 	 
	
                4

              	
                II-4-A
                  through II-60-A

              	
                2
                  multiplied by Swap LIBOR, subject to a maximum rate of Uncertificated
                  REMIC I Pass-Through Rate

              
	 	
                II-1-A
                  through II-3-A

              	
                Uncertificated
                  REMIC I Pass-Through Rate

              
	 	 	 
	
                5

              	
                II-5-A
                  through II-60-A

              	
                2
                  multiplied by Swap LIBOR, subject to a maximum rate of Uncertificated
                  REMIC I Pass-Through Rate

              
	 	
                II-1-A
                  through II-4-A

              	
                Uncertificated
                  REMIC I Pass-Through Rate

              
	 	 	 
	
                6

              	
                II-1-A
                  through II-60-A

              	
                2
                  multiplied by Swap LIBOR, subject to a maximum rate of Uncertificated
                  REMIC I Pass-Through Rate

              
	 	
                II-1-A
                  through II-5-A

              	
                Uncertificated
                  REMIC I Pass-Through Rate

              
	 	 	 
	
                7

              	
                II-7-A
                  through II-60-A

              	
                2
                  multiplied by Swap LIBOR, subject to a maximum rate of Uncertificated
                  REMIC I Pass-Through Rate

              
	 	
                II-1-A
                  through II-6-A

              	
                Uncertificated
                  REMIC I Pass-Through Rate

              
	 	 	 
	
                8

              	
                II-8-A
                  through II-60-A

              	
                2
                  multiplied by Swap LIBOR, subject to a maximum rate of Uncertificated
                  REMIC I Pass-Through Rate

              
	 	
                II-1-A
                  through II-7-A

              	
                Uncertificated
                  REMIC I Pass-Through Rate

              
	 	 	 
	
                9

              	
                II-9-A
                  through II-60-A

              	
                2
                  multiplied by Swap LIBOR, subject to a maximum rate of Uncertificated
                  REMIC I Pass-Through Rate

              
	 	
                II-1-A
                  through II-8-A

              	
                Uncertificated
                  REMIC I Pass-Through Rate

              
	 	 	 
	
                10

              	
                II-10-A
                  through II-60-A

              	
                2
                  multiplied by Swap LIBOR, subject to a maximum rate of Uncertificated
                  REMIC I Pass-Through Rate

              
	 	
                II-1-A
                  through II-9-A

              	
                Uncertificated
                  REMIC I Pass-Through Rate

              
	 	 	 
	
                11

              	
                II-11-A
                  through II-60-A

              	
                2
                  multiplied by Swap LIBOR, subject to a maximum rate of Uncertificated
                  REMIC I Pass-Through Rate

              
	 	
                II-1-A
                  through II-10-A

              	
                Uncertificated
                  REMIC I Pass-Through Rate

              
	 	 	 
	
                12

              	
                II-12-A
                  through II-60-A

              	
                2
                  multiplied by Swap LIBOR, subject to a maximum rate of Uncertificated
                  REMIC I Pass-Through Rate

              
	 	
                II-1-A
                  through II-11-A

              	
                Uncertificated
                  REMIC I Pass-Through Rate

              
	 	 	 
	
                13

              	
                II-13-A
                  through II-60-A

              	
                2
                  multiplied by Swap LIBOR, subject to a maximum rate of Uncertificated
                  REMIC I Pass-Through Rate

              
	 	
                II-1-A
                  through II-12-A

              	
                Uncertificated
                  REMIC I Pass-Through Rate

              
	 	 	 
	
                14

              	
                II-14-A
                  through II-60-A

              	
                2
                  multiplied by Swap LIBOR, subject to a maximum rate of Uncertificated
                  REMIC I Pass-Through Rate

              
	 	
                II-1-A
                  through II-13-A

              	
                Uncertificated
                  REMIC I Pass-Through Rate

              
	 	 	 
	
                15

              	
                II-15-A
                  through II-60-A

              	
                2
                  multiplied by Swap LIBOR, subject to a maximum rate of Uncertificated
                  REMIC I Pass-Through Rate

              
	 	
                II-1-A
                  through II-14-A

              	
                Uncertificated
                  REMIC I Pass-Through Rate

              
	 	 	 
	
                16

              	
                II-16-A
                  through II-60-A

              	
                2
                  multiplied by Swap LIBOR, subject to a maximum rate of Uncertificated
                  REMIC I Pass-Through Rate

              
	 	
                II-1-A
                  through II-15-A

              	
                Uncertificated
                  REMIC I Pass-Through Rate

              
	 	 	 
	
                17

              	
                II-17-A
                  through II-60-A

              	
                2
                  multiplied by Swap LIBOR, subject to a maximum rate of Uncertificated
                  REMIC I Pass-Through Rate

              
	 	
                II-1-A
                  through II-16-A

              	
                Uncertificated
                  REMIC I Pass-Through Rate

              
	 	 	 
	
                18

              	
                II-18-A
                  through II-60-A

              	
                2
                  multiplied by Swap LIBOR, subject to a maximum rate of Uncertificated
                  REMIC I Pass-Through Rate

              
	 	
                II-1-A
                  through II-17-A

              	
                Uncertificated
                  REMIC I Pass-Through Rate

              
	 	 	 
	
                19

              	
                II-19-A
                  through II-60-A

              	
                2
                  multiplied by Swap LIBOR, subject to a maximum rate of Uncertificated
                  REMIC I Pass-Through Rate

              
	 	
                II-1-A
                  through II-18-A

              	
                Uncertificated
                  REMIC I Pass-Through Rate

              
	 	 	 
	
                20

              	
                II-20-A
                  through II-60-A

              	
                2
                  multiplied by Swap LIBOR, subject to a maximum rate of Uncertificated
                  REMIC I Pass-Through Rate

              
	 	
                II-1-A
                  through II-19-A

              	
                Uncertificated
                  REMIC I Pass-Through Rate

              
	 	 	 
	
                21

              	
                II-21-A
                  through II-60-A

              	
                2
                  multiplied by Swap LIBOR, subject to a maximum rate of Uncertificated
                  REMIC I Pass-Through Rate

              
	 	
                II-1-A
                  through II-20-A

              	
                Uncertificated
                  REMIC I Pass-Through Rate

              
	 	 	 
	
                22

              	
                II-22-A
                  through II-60-A

              	
                2
                  multiplied by Swap LIBOR, subject to a maximum rate of Uncertificated
                  REMIC I Pass-Through Rate

              
	 	
                II-1-A
                  through II-21-A

              	
                Uncertificated
                  REMIC I Pass-Through Rate

              
	 	 	 
	
                23

              	
                II-23-A
                  through II-60-A

              	
                2
                  multiplied by Swap LIBOR, subject to a maximum rate of Uncertificated
                  REMIC I Pass-Through Rate

              
	 	
                II-1-A
                  through II-22-A

              	
                Uncertificated
                  REMIC I Pass-Through Rate

              
	 	 	 
	
                24

              	
                II-24-A
                  through II-60-A

              	
                2
                  multiplied by Swap LIBOR, subject to a maximum rate of Uncertificated
                  REMIC I Pass-Through Rate

              
	 	
                II-1-A
                  through II-23-A

              	
                Uncertificated
                  REMIC I Pass-Through Rate

              
	 	 	 
	
                25

              	
                II-25-A
                  through II-60-A

              	
                2
                  multiplied by Swap LIBOR, subject to a maximum rate of Uncertificated
                  REMIC I Pass-Through Rate

              
	 	
                II-1-A
                  through II-24-A

              	
                Uncertificated
                  REMIC I Pass-Through Rate

              
	 	 	 
	
                26

              	
                II-26-A
                  through II-60-A

              	
                2
                  multiplied by Swap LIBOR, subject to a maximum rate of Uncertificated
                  REMIC I Pass-Through Rate

              
	 	
                II-1-A
                  through II-25-A

              	
                Uncertificated
                  REMIC I Pass-Through Rate

              
	 	 	 
	
                27

              	
                II-27-A
                  through II-60-A

              	
                2
                  multiplied by Swap LIBOR, subject to a maximum rate of Uncertificated
                  REMIC I Pass-Through Rate

              
	 	
                II-1-A
                  through II-26-A

              	
                Uncertificated
                  REMIC I Pass-Through Rate

              
	 	 	 
	
                28

              	
                II-28-A
                  through II-60-A

              	
                2
                  multiplied by Swap LIBOR, subject to a maximum rate of Uncertificated
                  REMIC I Pass-Through Rate

              
	 	
                II-1-A
                  through II-27-A

              	
                Uncertificated
                  REMIC I Pass-Through Rate

              
	 	 	 
	
                29

              	
                II-29-A
                  through II-60-A

              	
                2
                  multiplied by Swap LIBOR, subject to a maximum rate of Uncertificated
                  REMIC I Pass-Through Rate

              
	 	
                II-1-A
                  through II-28-A

              	
                Uncertificated
                  REMIC I Pass-Through Rate

              
	 	 	 
	
                30

              	
                II-30-A
                  through II-60-A

              	
                2
                  multiplied by Swap LIBOR, subject to a maximum rate of Uncertificated
                  REMIC I Pass-Through Rate

              
	 	
                II-1-A
                  through II-29-A

              	
                Uncertificated
                  REMIC I Pass-Through Rate

              
	 	 	 
	
                31

              	
                II-31-A
                  through II-60-A

              	
                2
                  multiplied by Swap LIBOR, subject to a maximum rate of Uncertificated
                  REMIC I Pass-Through Rate

              
	 	
                II-1-A
                  through II-30-A

              	
                Uncertificated
                  REMIC I Pass-Through Rate

              
	 	 	 
	
                32

              	
                II-32-A
                  through II-60-A

              	
                2
                  multiplied by Swap LIBOR, subject to a maximum rate of Uncertificated
                  REMIC I Pass-Through Rate

              
	 	
                II-1-A
                  through II-31-A

              	
                Uncertificated
                  REMIC I Pass-Through Rate

              
	 	 	 
	
                33

              	
                II-33-A
                  through II-60-A

              	
                2
                  multiplied by Swap LIBOR, subject to a maximum rate of Uncertificated
                  REMIC I Pass-Through Rate

              
	 	
                II-1-A
                  through II-32-A

              	
                Uncertificated
                  REMIC I Pass-Through Rate

              
	 	 	 
	
                34

              	
                II-34-A
                  through II-60-A

              	
                2
                  multiplied by Swap LIBOR, subject to a maximum rate of Uncertificated
                  REMIC I Pass-Through Rate

              
	 	
                II-1-A
                  through II-33-A

              	
                Uncertificated
                  REMIC I Pass-Through Rate

              
	 	 	 
	
                35

              	
                II-35-A
                  through II-60-A

              	
                2
                  multiplied by Swap LIBOR, subject to a maximum rate of Uncertificated
                  REMIC I Pass-Through Rate

              
	 	
                II-1-A
                  through II-34-A

              	
                Uncertificated
                  REMIC I Pass-Through Rate

              
	 	 	 
	
                36

              	
                II-36-A
                  through II-60-A

              	
                2
                  multiplied by Swap LIBOR, subject to a maximum rate of Uncertificated
                  REMIC I Pass-Through Rate

              
	 	
                II-1-A
                  through II-35-A

              	
                Uncertificated
                  REMIC I Pass-Through Rate

              
	 	 	 
	
                37

              	
                II-37-A
                  through II-60-A

              	
                2
                  multiplied by Swap LIBOR, subject to a maximum rate of Uncertificated
                  REMIC I Pass-Through Rate

              
	 	
                II-1-A
                  through II-36-A

              	
                Uncertificated
                  REMIC I Pass-Through Rate

              
	 	 	 
	
                38

              	
                II-38-A
                  through II-60-A

              	
                2
                  multiplied by Swap LIBOR, subject to a maximum rate of Uncertificated
                  REMIC I Pass-Through Rate

              
	 	
                II-1-A
                  through II-37-A

              	
                Uncertificated
                  REMIC I Pass-Through Rate

              
	 	 	 
	
                39

              	
                II-39-A
                  through II-60-A

              	
                2
                  multiplied by Swap LIBOR, subject to a maximum rate of Uncertificated
                  REMIC I Pass-Through Rate

              
	 	
                II-1-A
                  through II-38-A

              	
                Uncertificated
                  REMIC I Pass-Through Rate

              
	 	 	 
	
                40

              	
                II-40-A
                  through II-60-A

              	
                2
                  multiplied by Swap LIBOR, subject to a maximum rate of Uncertificated
                  REMIC I Pass-Through Rate

              
	 	
                II-1-A
                  through II-39-A

              	
                Uncertificated
                  REMIC I Pass-Through Rate

              
	 	 	 
	
                41

              	
                II-41-A
                  through II-60-A

              	
                2
                  multiplied by Swap LIBOR, subject to a maximum rate of Uncertificated
                  REMIC I Pass-Through Rate

              
	 	
                II-1-A
                  through II-40-A

              	
                Uncertificated
                  REMIC I Pass-Through Rate

              
	 	 	 
	
                42

              	
                II-42-A
                  through II-60-A

              	
                2
                  multiplied by Swap LIBOR, subject to a maximum rate of Uncertificated
                  REMIC I Pass-Through Rate

              
	 	
                II-1-A
                  through II-41-A

              	
                Uncertificated
                  REMIC I Pass-Through Rate

              
	 	 	 
	
                43

              	
                II-43-A
                  through II-60-A

              	
                2
                  multiplied by Swap LIBOR, subject to a maximum rate of Uncertificated
                  REMIC I Pass-Through Rate

              
	 	
                II-1-A
                  through II-42-A

              	
                Uncertificated
                  REMIC I Pass-Through Rate

              
	 	 	 
	
                44

              	
                II-44-A
                  through II-60-A

              	
                2
                  multiplied by Swap LIBOR, subject to a maximum rate of Uncertificated
                  REMIC I Pass-Through Rate

              
	 	
                II-1-A
                  through II-43-A

              	
                Uncertificated
                  REMIC I Pass-Through Rate

              
	 	 	 
	
                45

              	
                II-45-A
                  through II-60-A

              	
                2
                  multiplied by Swap LIBOR, subject to a maximum rate of Uncertificated
                  REMIC I Pass-Through Rate

              
	 	
                II-1-A
                  through II-44-A

              	
                Uncertificated
                  REMIC I Pass-Through Rate

              
	 	 	 
	
                46

              	
                II-46-A
                  through II-60-A

              	
                2
                  multiplied by Swap LIBOR, subject to a maximum rate of Uncertificated
                  REMIC I Pass-Through Rate

              
	 	
                II-1-A
                  through II-45-A

              	
                Uncertificated
                  REMIC I Pass-Through Rate

              
	 	 	 
	
                47

              	
                II-47-A
                  through II-60-A

              	
                2
                  multiplied by Swap LIBOR, subject to a maximum rate of Uncertificated
                  REMIC I Pass-Through Rate

              
	 	
                II-1-A
                  through II-46-A

              	
                Uncertificated
                  REMIC I Pass-Through Rate

              
	 	 	 
	
                48

              	
                II-48-A
                  through II-60-A

              	
                2
                  multiplied by Swap LIBOR, subject to a maximum rate of Uncertificated
                  REMIC I Pass-Through Rate

              
	 	
                II-1-A
                  through II-47-A

              	
                Uncertificated
                  REMIC I Pass-Through Rate

              
	 	 	 
	
                49

              	
                II-49-A
                  through II-60-A

              	
                2
                  multiplied by Swap LIBOR, subject to a maximum rate of Uncertificated
                  REMIC I Pass-Through Rate

              
	 	
                II-1-A
                  through II-48-A

              	
                Uncertificated
                  REMIC I Pass-Through Rate

              
	 	 	 
	
                50

              	
                II-50-A
                  through II-60-A

              	
                2
                  multiplied by Swap LIBOR, subject to a maximum rate of Uncertificated
                  REMIC I Pass-Through Rate

              
	 	
                II-1-A
                  through II-49-A

              	
                Uncertificated
                  REMIC I Pass-Through Rate

              
	 	 	 
	
                51

              	
                II-51-A
                  through II-60-A

              	
                2
                  multiplied by Swap LIBOR, subject to a maximum rate of Uncertificated
                  REMIC I Pass-Through Rate

              
	 	
                II-1-A
                  through II-50-A

              	
                Uncertificated
                  REMIC I Pass-Through Rate

              
	 	 	 
	
                52

              	
                II-52-A
                  through II-60-A

              	
                2
                  multiplied by Swap LIBOR, subject to a maximum rate of Uncertificated
                  REMIC I Pass-Through Rate

              
	 	
                II-1-A
                  through II-51-A

              	
                Uncertificated
                  REMIC I Pass-Through Rate

              
	 	 	 
	
                53

              	
                II-53-A
                  through II-60-A

              	
                2
                  multiplied by Swap LIBOR, subject to a maximum rate of Uncertificated
                  REMIC I Pass-Through Rate

              
	 	
                II-1-A
                  through II-52-A

              	
                Uncertificated
                  REMIC I Pass-Through Rate

              
	 	 	 
	
                54

              	
                II-54-A
                  through II-60-A

              	
                2
                  multiplied by Swap LIBOR, subject to a maximum rate of Uncertificated
                  REMIC I Pass-Through Rate

              
	 	
                II-1-A
                  through II-53-A

              	
                Uncertificated
                  REMIC I Pass-Through Rate

              
	 	 	 
	
                55

              	
                II-55-A
                  through II-60-A

              	
                2
                  multiplied by Swap LIBOR, subject to a maximum rate of Uncertificated
                  REMIC I Pass-Through Rate

              
	 	
                II-1-A
                  through II-54-A

              	
                Uncertificated
                  REMIC I Pass-Through Rate

              
	 	 	 
	
                56

              	
                II-56-A
                  through II-60-A

              	
                2
                  multiplied by Swap LIBOR, subject to a maximum rate of Uncertificated
                  REMIC I Pass-Through Rate

              
	 	
                II-1-A
                       through II-55-A

              	
                Uncertificated
                  REMIC I Pass-Through Rate

              
	 	 	 
	
                57

              	
                II-57-A
                  through II-60-A

              	
                2
                  multiplied by Swap LIBOR, subject to a maximum rate of Uncertificated
                  REMIC I Pass-Through Rate

              
	 	
                II-1-A
                  through II-56-A

              	
                Uncertificated
                  REMIC I Pass-Through Rate

              
	 	 	 
	
                58

              	
                II-58-A
                  through II-60-A

              	
                2
                  multiplied by Swap LIBOR, subject to a maximum rate of Uncertificated
                  REMIC I Pass-Through Rate

              
	 	
                II-1-A
                  through II-57-A

              	
                Uncertificated
                  REMIC I Pass-Through Rate

              
	 	 	 
	
                59

              	
                II-59-A
                  and II-60-A

              	
                2
                  multiplied by Swap LIBOR, subject to a maximum rate of Uncertificated
                  REMIC I Pass-Through Rate

              
	 	
                II-1-A
                  through II-58-A

              	
                Uncertificated
                  REMIC I Pass-Through Rate

              
	 	 	 
	
                60

              	
                II-60-A

              	
                2
                  multiplied by Swap LIBOR, subject to a maximum rate of Uncertificated
                  REMIC I Pass-Through Rate

              
	 	
                II-1-A
                  through II-59-A

              	
                Uncertificated
                  REMIC I Pass-Through Rate

              
	 	 	 
	
                thereafter

              	
                II-1-A
                  through II-60-A

              	
                Uncertificated
                  REMIC I Pass-Through Rate

              

      

      

      With
        respect to REMIC III Regular Interest I-IO and any Distribution Date, a per
        annum rate equal to the excess, if any, of (x) the weighted average of the
        Uncertificated REMIC I Pass-Through Rates for the REMIC I Regular Interests
        ending with the designation “A”, over (y) 2 multiplied by Swap
        LIBOR.

       

      With
        respect to REMIC III Regular Interest I-P, 0.00%.

       

      With
        respect to REMIC III Regular Interest II-AA, each REMIC III Group II Regular
        Interest for which a Class II-A Certificate or Class II-M Certificate is
        the
        Corresponding Certificate and REMIC III Regular Interest II-ZZ, and any
        Distribution Date, a per annum rate equal to the weighted average of (x)
        the
        Uncertificated REMIC II Pass-Through Rates for the REMIC II Regular Interests
        ending with the designation “B” for such Distribution Date and (y) the rates
        listed below for the REMIC II Regular Interests ending with the designation
“A”
for such Distribution Date, in each case, weighted on the basis of the
        Uncertificated Principal Balances of each such REMIC II Regular Interest
        for
        such Distribution Date:

       

      
        	
                Distribution
                  Date

              	
                REMIC
                  II Regular Interest

              	
                Rate

              
	
                1

              	
                I-1-A
                  through I-60-A

              	
                2
                  multiplied by Swap LIBOR, subject to a maximum rate of Uncertificated
                  REMIC II Pass-Through Rate

              
	
                2

              	
                I-2-A
                  through I-60-A

              	
                2
                  multiplied by Swap LIBOR, subject to a maximum rate of Uncertificated
                  REMIC II Pass-Through Rate

              
	 	
                I-1-A
                  

              	
                Uncertificated
                  REMIC II Pass-Through Rate

              
	
                3

              	
                I-3-A
                  through I-60-A

              	
                2
                  multiplied by Swap LIBOR, subject to a maximum rate of Uncertificated
                  REMIC II Pass-Through Rate

              
	 	
                I-1-A
                  through I-2-A

              	
                Uncertificated
                  REMIC II Pass-Through Rate

              
	
                4

              	
                I-4-A
                  through I-60-A

              	
                2
                  multiplied by Swap LIBOR, subject to a maximum rate of Uncertificated
                  REMIC II Pass-Through Rate

              
	 	
                I-1-A
                  through I-3-A

              	
                Uncertificated
                  REMIC II Pass-Through Rate

              
	
                5

              	
                I-5-A
                  through I-60-A

              	
                2
                  multiplied by Swap LIBOR, subject to a maximum rate of Uncertificated
                  REMIC II Pass-Through Rate

              
	 	
                I-1-A
                  through I-4-A

              	
                Uncertificated
                  REMIC II Pass-Through Rate

              
	
                6

              	
                I-6-A
                  through I-60-A

              	
                2
                  multiplied by Swap LIBOR, subject to a maximum rate of Uncertificated
                  REMIC II Pass-Through Rate

              
	 	
                I-1-A
                  through I-5-A

              	
                Uncertificated
                  REMIC II Pass-Through Rate

              
	
                7

              	
                I-7-A
                  through I-60-A

              	
                2
                  multiplied by Swap LIBOR, subject to a maximum rate of Uncertificated
                  REMIC II Pass-Through Rate

              
	 	
                I-1-A
                  through I-6-A

              	
                Uncertificated
                  REMIC II Pass-Through Rate

              
	
                8

              	
                I-8-A
                  through I-60-A

              	
                2
                  multiplied by Swap LIBOR, subject to a maximum rate of Uncertificated
                  REMIC II Pass-Through Rate

              
	 	
                I-1-A
                  through I-7-A

              	
                Uncertificated
                  REMIC II Pass-Through Rate

              
	
                9

              	
                I-9-A
                  through I-60-A

              	
                2
                  multiplied by Swap LIBOR, subject to a maximum rate of Uncertificated
                  REMIC II Pass-Through Rate

              
	 	
                I-1-A
                  through I-8-A

              	
                Uncertificated
                  REMIC II Pass-Through Rate

              
	
                10

              	
                I-10-A
                  through I-60-A

              	
                2
                  multiplied by Swap LIBOR, subject to a maximum rate of Uncertificated
                  REMIC II Pass-Through Rate

              
	 	
                I-1-A
                  through I-9-A

              	
                Uncertificated
                  REMIC II Pass-Through Rate

              
	
                11

              	
                I-11-A
                  through I-60-A

              	
                2
                  multiplied by Swap LIBOR, subject to a maximum rate of Uncertificated
                  REMIC II Pass-Through Rate

              
	 	
                I-1-A
                  through I-10-A

              	
                Uncertificated
                  REMIC II Pass-Through Rate

              
	
                12

              	
                I-12-A
                  through I-60-A

              	
                2
                  multiplied by Swap LIBOR, subject to a maximum rate of Uncertificated
                  REMIC II Pass-Through Rate

              
	 	
                I-1-A
                  through I-11-A

              	
                Uncertificated
                  REMIC II Pass-Through Rate

              
	
                13

              	
                I-13-A
                  through I-60-A

              	
                2
                  multiplied by Swap LIBOR, subject to a maximum rate of Uncertificated
                  REMIC II Pass-Through Rate

              
	 	
                I-1-A
                  through I-12-A

              	
                Uncertificated
                  REMIC II Pass-Through Rate

              
	
                14

              	
                I-14-A
                  through I-60-A

              	
                2
                  multiplied by Swap LIBOR, subject to a maximum rate of Uncertificated
                  REMIC II Pass-Through Rate

              
	 	
                I-1-A
                  through I-13-A

              	
                Uncertificated
                  REMIC II Pass-Through Rate

              
	
                15

              	
                I-15-A
                  through I-60-A

              	
                2
                  multiplied by Swap LIBOR, subject to a maximum rate of Uncertificated
                  REMIC II Pass-Through Rate

              
	 	
                I-1-A
                  through I-14-A

              	
                Uncertificated
                  REMIC II Pass-Through Rate

              
	
                16

              	
                I-16-A
                  through I-60-A

              	
                2
                  multiplied by Swap LIBOR, subject to a maximum rate of Uncertificated
                  REMIC II Pass-Through Rate

              
	 	
                I-1-A
                  through I-15-A

              	
                Uncertificated
                  REMIC II Pass-Through Rate

              
	
                17

              	
                I-17-A
                  through I-60-A

              	
                2
                  multiplied by Swap LIBOR, subject to a maximum rate of Uncertificated
                  REMIC II Pass-Through Rate

              
	 	
                I-1-A
                  through I-16-A

              	
                Uncertificated
                  REMIC II Pass-Through Rate

              
	
                18

              	
                I-18-A
                  through I-60-A

              	
                2
                  multiplied by Swap LIBOR, subject to a maximum rate of Uncertificated
                  REMIC II Pass-Through Rate

              
	 	
                I-1-A
                  through I-17-A

              	
                Uncertificated
                  REMIC II Pass-Through Rate

              
	
                19

              	
                I-19-A
                  through I-60-A

              	
                2
                  multiplied by Swap LIBOR, subject to a maximum rate of Uncertificated
                  REMIC II Pass-Through Rate

              
	 	
                I-1-A
                  through I-18-A

              	
                Uncertificated
                  REMIC II Pass-Through Rate

              
	
                20

              	
                I-20-A
                  through I-60-A

              	
                2
                  multiplied by Swap LIBOR, subject to a maximum rate of Uncertificated
                  REMIC II Pass-Through Rate

              
	 	
                I-1-A
                  through I-19-A

              	
                Uncertificated
                  REMIC II Pass-Through Rate

              
	
                21

              	
                I-21-A
                  through I-60-A

              	
                2
                  multiplied by Swap LIBOR, subject to a maximum rate of Uncertificated
                  REMIC II Pass-Through Rate

              
	 	
                I-1-A
                  through I-20-A

              	
                Uncertificated
                  REMIC II Pass-Through Rate

              
	
                22

              	
                I-22-A
                  through I-60-A

              	
                2
                  multiplied by Swap LIBOR, subject to a maximum rate of Uncertificated
                  REMIC II Pass-Through Rate

              
	 	
                I-1-A
                  through I-21-A

              	
                Uncertificated
                  REMIC II Pass-Through Rate

              
	
                23

              	
                I-23-A
                  through I-60-A

              	
                2
                  multiplied by Swap LIBOR, subject to a maximum rate of Uncertificated
                  REMIC II Pass-Through Rate

              
	 	
                I-1-A
                  through I-22-A

              	
                Uncertificated
                  REMIC II Pass-Through Rate

              
	
                24

              	
                I-24-A
                  through I-60-A

              	
                2
                  multiplied by Swap LIBOR, subject to a maximum rate of Uncertificated
                  REMIC II Pass-Through Rate

              
	 	
                I-1-A
                  through I-23-A

              	
                Uncertificated
                  REMIC II Pass-Through Rate

              
	
                25

              	
                I-25-A
                  through I-60-A

              	
                2
                  multiplied by Swap LIBOR, subject to a maximum rate of Uncertificated
                  REMIC II Pass-Through Rate

              
	 	
                I-1-A
                  through I-24-A

              	
                Uncertificated
                  REMIC II Pass-Through Rate

              
	
                26

              	
                I-26-A
                  through I-60-A

              	
                2
                  multiplied by Swap LIBOR, subject to a maximum rate of Uncertificated
                  REMIC II Pass-Through Rate

              
	 	
                I-1-A
                  through I-25-A

              	
                Uncertificated
                  REMIC II Pass-Through Rate

              
	
                27

              	
                I-27-A
                  through I-60-A

              	
                2
                  multiplied by Swap LIBOR, subject to a maximum rate of Uncertificated
                  REMIC II Pass-Through Rate

              
	 	
                I-1-A
                  through I-26-A

              	
                Uncertificated
                  REMIC II Pass-Through Rate

              
	
                28

              	
                I-28-A
                  through I-60-A

              	
                2
                  multiplied by Swap LIBOR, subject to a maximum rate of Uncertificated
                  REMIC II Pass-Through Rate

              
	 	
                I-1-A
                  through I-27-A

              	
                Uncertificated
                  REMIC II Pass-Through Rate

              
	
                29

              	
                I-29-A
                  through I-60-A

              	
                2
                  multiplied by Swap LIBOR, subject to a maximum rate of Uncertificated
                  REMIC II Pass-Through Rate

              
	 	
                I-1-A
                  through I-28-A

              	
                Uncertificated
                  REMIC II Pass-Through Rate

              
	
                30

              	
                I-30-A
                  through I-60-A

              	
                2
                  multiplied by Swap LIBOR, subject to a maximum rate of Uncertificated
                  REMIC II Pass-Through Rate

              
	 	
                I-1-A
                  through I-29-A

              	
                Uncertificated
                  REMIC II Pass-Through Rate

              
	
                31

              	
                I-31-A
                  through I-60-A

              	
                2
                  multiplied by Swap LIBOR, subject to a maximum rate of Uncertificated
                  REMIC II Pass-Through Rate

              
	 	
                I-1-A
                  through I-30-A

              	
                Uncertificated
                  REMIC II Pass-Through Rate

              
	
                32

              	
                I-32-A
                  through I-60-A

              	
                2
                  multiplied by Swap LIBOR, subject to a maximum rate of Uncertificated
                  REMIC II Pass-Through Rate

              
	 	
                I-1-A
                  through I-31-A

              	
                Uncertificated
                  REMIC II Pass-Through Rate

              
	
                33

              	
                I-33-A
                  through I-60-A

              	
                2
                  multiplied by Swap LIBOR, subject to a maximum rate of Uncertificated
                  REMIC II Pass-Through Rate

              
	 	
                I-1-A
                  through I-32-A

              	
                Uncertificated
                  REMIC II Pass-Through Rate

              
	
                34

              	
                I-34-A
                  through I-60-A

              	
                2
                  multiplied by Swap LIBOR, subject to a maximum rate of Uncertificated
                  REMIC II Pass-Through Rate

              
	 	
                I-1-A
                  through I-33-A

              	
                Uncertificated
                  REMIC II Pass-Through Rate

              
	
                35

              	
                I-35-A
                  through I-60-A

              	
                2
                  multiplied by Swap LIBOR, subject to a maximum rate of Uncertificated
                  REMIC II Pass-Through Rate

              
	 	
                I-1-A
                  through I-34-A

              	
                Uncertificated
                  REMIC II Pass-Through Rate

              
	
                36

              	
                I-36-A
                  through I-60-A

              	
                2
                  multiplied by Swap LIBOR, subject to a maximum rate of Uncertificated
                  REMIC II Pass-Through Rate

              
	 	
                I-1-A
                  through I-35-A

              	
                Uncertificated
                  REMIC II Pass-Through Rate

              
	
                37

              	
                I-37-A
                  through I-60-A

              	
                2
                  multiplied by Swap LIBOR, subject to a maximum rate of Uncertificated
                  REMIC II Pass-Through Rate

              
	 	
                I-1-A
                  through I-36-A

              	
                Uncertificated
                  REMIC II Pass-Through Rate

              
	
                38

              	
                I-38-A
                  through I-60-A

              	
                2
                  multiplied by Swap LIBOR, subject to a maximum rate of Uncertificated
                  REMIC II Pass-Through Rate

              
	 	
                I-1-A
                  through I-37-A

              	
                Uncertificated
                  REMIC II Pass-Through Rate

              
	
                39

              	
                I-39-A
                  through I-60-A

              	
                2
                  multiplied by Swap LIBOR, subject to a maximum rate of Uncertificated
                  REMIC II Pass-Through Rate

              
	 	
                I-1-A
                  through I-38-A

              	
                Uncertificated
                  REMIC II Pass-Through Rate

              
	
                40

              	
                I-40-A
                  through I-60-A

              	
                2
                  multiplied by Swap LIBOR, subject to a maximum rate of Uncertificated
                  REMIC II Pass-Through Rate

              
	 	
                I-1-A
                  through I-39-A

              	
                Uncertificated
                  REMIC II Pass-Through Rate

              
	
                41

              	
                I-41-A
                  through I-60-A

              	
                2
                  multiplied by Swap LIBOR, subject to a maximum rate of Uncertificated
                  REMIC II Pass-Through Rate

              
	 	
                I-1-A
                  through I-40-A

              	
                Uncertificated
                  REMIC II Pass-Through Rate

              
	
                42

              	
                I-42-A
                  through I-60-A

              	
                2
                  multiplied by Swap LIBOR, subject to a maximum rate of Uncertificated
                  REMIC II Pass-Through Rate

              
	 	
                I-1-A
                  through I-41-A

              	
                Uncertificated
                  REMIC II Pass-Through Rate

              
	
                43

              	
                I-43-A
                  through I-60-A

              	
                2
                  multiplied by Swap LIBOR, subject to a maximum rate of Uncertificated
                  REMIC II Pass-Through Rate

              
	 	
                I-1-A
                  through I-42-A

              	
                Uncertificated
                  REMIC II Pass-Through Rate

              
	
                44

              	
                I-44-A
                  through I-60-A

              	
                2
                  multiplied by Swap LIBOR, subject to a maximum rate of Uncertificated
                  REMIC II Pass-Through Rate

              
	 	
                I-1-A
                  through I-43-A

              	
                Uncertificated
                  REMIC II Pass-Through Rate

              
	
                45

              	
                I-45-A
                  through I-60-A

              	
                2
                  multiplied by Swap LIBOR, subject to a maximum rate of Uncertificated
                  REMIC II Pass-Through Rate

              
	 	
                I-1-A
                  through I-44-A

              	
                Uncertificated
                  REMIC II Pass-Through Rate

              
	
                46

              	
                I-46-A
                  through I-60-A

              	
                2
                  multiplied by Swap LIBOR, subject to a maximum rate of Uncertificated
                  REMIC II Pass-Through Rate

              
	 	
                I-1-A
                  through I-45-A

              	
                Uncertificated
                  REMIC II Pass-Through Rate

              
	
                47

              	
                I-47-A
                  through I-60-A

              	
                2
                  multiplied by Swap LIBOR, subject to a maximum rate of Uncertificated
                  REMIC II Pass-Through Rate

              
	 	
                I-1-A
                  through I-46-A

              	
                Uncertificated
                  REMIC II Pass-Through Rate

              
	
                48

              	
                I-48-A
                  through I-60-A

              	
                2
                  multiplied by Swap LIBOR, subject to a maximum rate of Uncertificated
                  REMIC II Pass-Through Rate

              
	 	
                I-1-A
                  through I-47-A

              	
                Uncertificated
                  REMIC II Pass-Through Rate

              
	
                49

              	
                I-49-A
                  through I-60-A

              	
                2
                  multiplied by Swap LIBOR, subject to a maximum rate of Uncertificated
                  REMIC II Pass-Through Rate

              
	 	
                I-1-A
                  through I-48-A

              	
                Uncertificated
                  REMIC II Pass-Through Rate

              
	
                50

              	
                I-50-A
                  through I-60-A

              	
                2
                  multiplied by Swap LIBOR, subject to a maximum rate of Uncertificated
                  REMIC II Pass-Through Rate

              
	 	
                I-1-A
                  through I-49-A

              	
                Uncertificated
                  REMIC II Pass-Through Rate

              
	
                51

              	
                I-51-A
                  through I-60-A

              	
                2
                  multiplied by Swap LIBOR, subject to a maximum rate of Uncertificated
                  REMIC II Pass-Through Rate

              
	 	
                I-1-A
                  through I-50-A

              	
                Uncertificated
                  REMIC II Pass-Through Rate

              
	
                52

              	
                I-52-A
                  through I-60-A

              	
                2
                  multiplied by Swap LIBOR, subject to a maximum rate of Uncertificated
                  REMIC II Pass-Through Rate

              
	 	
                I-1-A
                  through I-51-A

              	
                Uncertificated
                  REMIC II Pass-Through Rate

              
	
                53

              	
                I-53-A
                  through I-60-A

              	
                2
                  multiplied by Swap LIBOR, subject to a maximum rate of Uncertificated
                  REMIC II Pass-Through Rate

              
	 	
                I-1-A
                  through I-52-A

              	
                Uncertificated
                  REMIC II Pass-Through Rate

              
	
                54

              	
                I-54-A
                  through I-60-A

              	
                2
                  multiplied by Swap LIBOR, subject to a maximum rate of Uncertificated
                  REMIC II Pass-Through Rate

              
	 	
                I-1-A
                  through I-53-A

              	
                Uncertificated
                  REMIC II Pass-Through Rate

              
	
                55

              	
                I-55-A
                  through I-60-A

              	
                2
                  multiplied by Swap LIBOR, subject to a maximum rate of Uncertificated
                  REMIC II Pass-Through Rate

              
	 	
                I-1-A
                  through I-54-A

              	
                Uncertificated
                  REMIC II Pass-Through Rate

              
	
                56

              	
                I-56-A
                  through I-60-A

              	
                2
                  multiplied by Swap LIBOR, subject to a maximum rate of Uncertificated
                  REMIC II Pass-Through Rate

              
	 	
                I-1-A
                  through I-55-A

              	
                Uncertificated
                  REMIC II Pass-Through Rate

              
	
                57

              	
                I-57-A
                  through I-60-A

              	
                2
                  multiplied by Swap LIBOR, subject to a maximum rate of Uncertificated
                  REMIC II Pass-Through Rate

              
	 	
                I-1-A
                  through I-56-A

              	
                Uncertificated
                  REMIC II Pass-Through Rate

              
	
                58

              	
                I-58-A
                  through I-60-A

              	
                2
                  multiplied by Swap LIBOR, subject to a maximum rate of Uncertificated
                  REMIC II Pass-Through Rate

              
	 	
                I-1-A
                  through I-57-A

              	
                Uncertificated
                  REMIC II Pass-Through Rate

              
	
                59

              	
                I-59-A
                  and I-60-A

              	
                2
                  multiplied by Swap LIBOR, subject to a maximum rate of Uncertificated
                  REMIC II Pass-Through Rate

              
	 	
                I-1-A
                  through I-58-A

              	
                Uncertificated
                  REMIC II Pass-Through Rate

              
	
                60

              	
                I-60-A

              	
                2
                  multiplied by Swap LIBOR, subject to a maximum rate of Uncertificated
                  REMIC II Pass-Through Rate

              
	 	
                I-1-A
                  through I-59-A

              	
                Uncertificated
                  REMIC II Pass-Through Rate

              
	
                thereafter

              	
                I-1-A
                  through I-60-A

              	
                Uncertificated
                  REMIC II Pass-Through Rate

              

      

      

      With
        respect to REMIC III Regular Interest II-IO and any Distribution Date, a
        per
        annum rate equal to the excess, if any, of (x) the weighted average of the
        Uncertificated REMIC II Pass-Through Rates for the REMIC II Regular Interests
        ending with the designation “A”, over (y) 2 multiplied by Swap
        LIBOR.

       

      With
        respect to REMIC III Regular Interest II-P,
        0.00%.

       

      Unpaid
        Realized Loss Amount:
        With
        respect to any related Class A Certificates and as to any Distribution Date,
        is
        the excess of Applied Realized Loss Amounts with respect to such Class over
        the
        sum of all distributions in reduction of the Applied Realized Loss Amounts
        with
        respect to such Class on all previous Distribution Dates. Any amounts
        distributed to the related Class A Certificates in respect of any Unpaid
        Realized Loss Amount shall not be applied to reduce the Certificate Principal
        Balance of such Class.

       

      Voting
        Rights:
        The
        portion of the voting rights of all the Certificates that is allocated to
        any
        Certificate for purposes of the voting provisions hereunder. Voting Rights
        shall
        be allocated, with respect to matters solely involving the Group I Certificates,
        (i) 92% to the Class I-A Certificates and Class I-M Certificates, (ii) 3%
        to the
        Class I-CE Certificates until paid in full, and (iii) 1% to each of the Class
        I-R-1, Class I-R-2, Class I-R-3, Class I-RX and Class I-P Certificates, with
        the
        allocation among the Certificates (other than the Class I-CE, Class I-P and
        Group I Residual Certificates) to be in proportion to the Certificate Principal
        Balance of each Class relative to the Certificate Principal Balance of all
        other
        such Classes. Voting Rights with respect to matters solely involving the
        Group
        II Certificates, shall be allocated (i) 92% to the Class II-A Certificates
        and
        Class II-M Certificates, (ii) 5% to the Class II-CE Certificates until paid
        in
        full, and (iii) 1% to each of the Class II-P, Class II-R-1 and Class II-RX
        Certificates, with the allocation among the Certificates (other than the
        Class
        II-CE, Class II-P and Group II Residual Certificates) to be in proportion
        to the
        Certificate Principal Balance of each Class relative to the Certificate
        Principal Balance of all other such Classes. Matters which solely affect
        the
        Group I Certificates or Group II Certificates will be voted on solely by
        the
        related Classes. Voting Rights with respect to both Loan Groups shall be
        allocated (i) 46% to the Group I Offered Certificates, (ii) 46% to the Group
        II
        Offered Certificates (iii) 1.5% to the Class I-CE, (iv) 2.5% to the Class
        II-CE
        Certificates, (v) 0.5% to each of the Class I-R-1, Class I-R-2, Class I-R-3,
        Class I-RX, Class I-P, and (vi) 0.5% to each of the Class II-P, Class II-R-1
        and
        Class II-RX Certificates, with the allocation among the Certificates (other
        than
        the Class CE, Class P and Residual Certificates) to be in proportion to the
        Certificate Principal Balance of each Class relative to the Certificate
        Principal Balance of all other such Classes. 

       

      Section
        1.02  Allocation
        of Certain Interest Shortfalls. 

       

      For
        purposes of calculating the amount of Current Interest for the Class A, Class
        M
        and Class CE Certificates for any Distribution Date, the aggregate amount
        of any
        Prepayment Interest Shortfalls (to the extent not covered by payments by
        the
        Master Servicer pursuant to Section 5.02) and any Relief Act Interest Shortfalls
        incurred in respect of the related Mortgage Loans for any Distribution Date
        shall be allocated first, to the related CE Interest based on, and to the
        extent
        of, one month’s interest at the then applicable Pass-Through Rate on the
        Uncertificated Notional Amount thereof, and thereafter, among the related
        Class
        A Certificates and Class M Certificates, in each case on a pro
        rata
        basis
        based on, and to the extent of, one month’s interest at the then applicable
        respective Pass Through Rates on the respective Certificate Principal Balances
        of each such Certificate.

       

      For
        purposes of calculating the amount of Uncertificated Accrued Interest for
        the
        REMIC I Group I Regular Interests for any Distribution Date, the aggregate
        amount of any Prepayment Interest Shortfalls (to the extent not covered by
        payments by the Master Servicer pursuant to Section 5.02) and any Relief
        Act
        Interest Shortfalls incurred in respect of Subgroup I-1 shall be allocated
        first, to REMIC I Group I Regular Interests ending with the designation “B”,
pro
        rata,
        based
        on, and to the extent of, one month’s interest at the then applicable respective
        Uncertificated REMIC I Pass-Through Rates on the respective Uncertificated
        Principal Balances of each such REMIC I Group I Regular Interest, and second,
        to
        REMIC I Group I Regular Interests ending with the designation “A”, pro
        rata,
        based
        on, and to the extent of, one month’s interest at the then applicable respective
        Uncertificated REMIC I Pass-Through Rates on the respective Uncertificated
        Principal Balances of each such REMIC I Group I Regular Interest.

       

      For
        purposes of calculating the amount of Uncertificated Accrued Interest for
        the
        REMIC I Group II Regular Interests for any Distribution Date, the aggregate
        amount of any Prepayment Interest Shortfalls (to the extent not covered by
        payments by the Master Servicer pursuant to Section 5.02) and any Relief
        Act
        Interest Shortfalls incurred in respect of Subgroup I-2 shall be allocated
        first, to REMIC I Group II Regular Interests ending with the designation
“B”,
pro
        rata,
        based
        on, and to the extent of, one month’s interest at the then applicable respective
        Uncertificated REMIC I Pass-Through Rates on the respective Uncertificated
        Principal Balances of each such REMIC I Group II Regular Interest, and second,
        to REMIC I Group II Regular Interests ending with the designation “A”,
pro
        rata,
        based
        on, and to the extent of, one month’s interest at the then applicable respective
        Uncertificated REMIC I Pass-Through Rates on the respective Uncertificated
        Principal Balances of each such REMIC I Group II Regular Interest.

       

      For
        purposes of calculating the amount of Uncertificated Accrued Interest for
        the
        REMIC II Regular Interests (other than REMIC II Regular Interest P) for any
        Distribution Date, the aggregate amount of any Prepayment Interest Shortfalls
        (to the extent not covered by payments by the Master Servicer pursuant to
        Section 5.02) and any Relief Act Interest Shortfalls incurred in respect
        of Loan
        Group II shall be allocated first, to REMIC II Regular Interests ending with
        the
        designation “B”, pro
        rata,
        based
        on, and to the extent of, one month’s interest at the then applicable respective
        Uncertificated REMIC II Pass-Through Rates on the respective Uncertificated
        Principal Balances of each such REMIC II Regular Interest, and second, to
        REMIC
        II Regular Interests ending with the designation “A”, pro
        rata,
        based
        on, and to the extent of, one month’s interest at the then applicable respective
        Uncertificated REMIC II Pass-Through Rates on the respective Uncertificated
        Principal Balances of each such REMIC II Regular Interest. 

       

      For
        purposes of calculating the amount of Uncertificated Accrued Interest for
        the
        REMIC III Group I Regular Interests for any Distribution Date, (i) the REMIC
        III
        Group I Marker Allocation Percentage of the aggregate amount of any Prepayment
        Interest Shortfalls (to the extent not covered by payments by the Master
        Servicer pursuant to Section 5.02) and any Relief Act Interest Shortfalls
        incurred in respect of Loan Group I for such Distribution Date shall be
        allocated first, to Uncertificated Accrued Interest payable to REMIC III
        Regular
        Interest I-AA and REMIC III Regular Interest I-ZZ up to an aggregate amount
        equal to the REMIC III Group I Interest Loss Allocation Amount, 98% and 2%,
        respectively, and thereafter, among REMIC III Regular Interest I-AA, each
        REMIC
        III Group I Regular Interest for which a Class I-A Certificate or Class I-M
        Certificate is the Corresponding Certificate and REMIC III Regular Interest
        I-ZZ, pro
        rata,
        based
        on, and to the extent of, one month’s interest at the then applicable respective
        Uncertificated REMIC III Pass-Through Rates on the respective Uncertificated
        Principal Balances of each such REMIC III Group I Regular Interest, and (ii)
        the
        REMIC III Group I Sub WAC Allocation Percentage of the aggregate amount of
        any
        Prepayment Interest Shortfalls (to the extent not covered by payments by
        the
        Master Servicer pursuant to Section 5.02) and any Relief Act Interest Shortfalls
        incurred in respect of Loan Group I for such Distribution Date shall be
        allocated among REMIC III Regular Interest I-1-Sub, REMIC III Regular Interest
        I-1-Grp, REMIC III Regular Interest I-2-Sub, REMIC III Regular Interest I-2-Grp
        and REMIC III Regular Interest I-XX, pro
        rata,
        based
        on, and to the extent of, one month’s interest at the then applicable respective
        Uncertificated REMIC III Pass-Through Rates on the respective Uncertificated
        Principal Balances of each such REMIC III Regular Interest.

       

      For
        purposes of calculating the amount of Uncertificated Accrued Interest for
        the
        REMIC III Group II Regular Interests for any Distribution Date, the aggregate
        amount of any Prepayment Interest Shortfalls (to the extent not covered by
        payments by the Master Servicer pursuant to Section 5.02) and any Relief
        Act
        Interest Shortfalls incurred in respect of Loan Group II for any Distribution
        Date shall be allocated first, to Uncertificated Accrued Interest payable
        to
        REMIC III Regular Interest II-AA and REMIC III Regular Interest II-ZZ up
        to an
        aggregate amount equal to the REMIC III Group II Interest Loss Allocation
        Amount, 98% and 2%, respectively, and thereafter, among REMIC III Regular
        Interest II-AA, each REMIC III Group II Regular Interest for which a Class
        II-A
        Certificate or Class II-M Certificate is a Corresponding Certificate and
        REMIC
        III Regular Interest II-ZZ, pro
        rata,
        based
        on, and to the extent of, one month’s interest at the then applicable respective
        Uncertificated REMIC III Pass-Through Rates on the respective Uncertificated
        Principal Balances of each such REMIC III Group II Regular
        Interest.

       

       

       

      ARTICLE
        II

       

      CONVEYANCE
        OF TRUST FUND

       

      Section
        2.01  Conveyance
        of Trust Fund. 

       

      Pursuant
        to the Mortgage Loan Purchase Agreement, the Seller sold, transferred, assigned,
        set over and otherwise conveyed to the Depositor, without recourse, all the
        right, title and interest of the Seller in and to the assets sold by it in
        the
        Trust Fund. Pursuant to the Mortgage Loan Purchase Agreement, Master Funding
        sold, transferred, assigned, set over and otherwise conveyed to the Depositor,
        without recourse, all the right, title and interest of Master Funding in
        and to
        the assets sold by it in the Trust Fund.

       

      The
        Seller has entered into this Agreement in consideration for the purchase
        of the
        Mortgage Loans by the Depositor pursuant to the Mortgage Loan Purchase Agreement
        and has agreed to take the actions specified herein.

       

      The
        Depositor, concurrently with the execution and delivery hereof, hereby sells,
        transfers, assigns, sets over and otherwise conveys to the Trustee for the
        use
        and benefit of the Certificateholders, without recourse, all the right, title
        and interest of the Depositor in and to the Trust Fund. 

       

      In
        connection with such sale, the Depositor has delivered to, and deposited
        with,
        or caused to be delivered to and deposited with, the Trustee or the Custodian,
        as its agent, the following documents or instruments with respect to each
        Mortgage Loan so assigned: (i) the original Mortgage Note, including any
        riders
        thereto, endorsed without recourse (A) in blank or to the order of “LaSalle Bank
        National Association, as Trustee for Certificateholders of Bear Stearns Asset
        Backed Securities I LLC, Asset-Backed Certificates, Series 2006-AQ1,” or (B) in
        the case of a loan registered on the MERS system, in blank, and in each case
        showing an unbroken chain of endorsements from the original payee thereof
        to the
        Person endorsing it to the Trustee, (ii) the original Mortgage and, if the
        related Mortgage Loan is a MOM Loan, noting the presence of the MIN and language
        indicating that such Mortgage Loan is a MOM Loan, which shall have been recorded
        (or, for Mortgage Loans other than the EMC Flow Loans, if the original is
        not
        available, a copy), with evidence of such recording indicated thereon (or
        if
        clause (x) in the proviso below applies, shall be in recordable form), (iii)
        unless the Mortgage Loan is either a MOM Loan or has been assigned in the
        name
        of MERS, the assignment (either an original or a copy, which may be in the
        form
        of a blanket assignment if permitted in the jurisdiction in which the Mortgaged
        Property is located) to the Trustee of the Mortgage with respect to each
        Mortgage Loan in the name of “LaSalle Bank National Association, as Trustee for
        Certificateholders of Bear Stearns Asset Backed Securities I LLC, Asset-Backed
        Certificates, Series 2006-AQ1,” which shall have been recorded (or if clause (x)
        in the proviso below applies, shall be in recordable form), (iv) an original
        or
        a copy of all intervening assignments of the Mortgage, if any, to the extent
        available to the Seller, with evidence of recording thereon, (v) with respect
        to
        any first or second lien Mortgage Loan (other than any Piggyback Loan), the
        original policy of title insurance or mortgagee’s certificate of title insurance
        or commitment or binder for title insurance or, in the event such original
        title
        policy has not been received from the title insurer, such original title
        policy
        will be delivered within one year of the Closing Date or, in the event such
        original title policy is unavailable, a photocopy of such title policy or,
        in
        lieu thereof, a current lien search on the related Mortgaged Property; and
        with
        respect to any Piggyback Loan, the original policy of title insurance or
        mortgagee’s certificate of title insurance or commitment or binder for title
        insurance issued as to the related first lien Mortgage Loan or, in lieu thereof,
        a lien search on the related Mortgaged Property that was conducted in connection
        with the related first lien Mortgage Loan and (vi) originals or copies of
        all
        available assumption, modification or substitution agreements, if any; provided,
        however, that in lieu of the foregoing, the Seller or Master Funding, as
        applicable, may deliver the following documents, under the circumstances
        set
        forth below: (x) if any Mortgage (other than the Mortgages related to the
        EMC
        Flow Loans), assignment thereof to the Trustee or intervening assignments
        thereof have been delivered or are being delivered to recording offices for
        recording and have not been returned in time to permit their delivery as
        specified above, the Depositor may deliver, or cause to be delivered, a true
        copy thereof with a certification by the Seller or Master Funding, as
        applicable, or the title company issuing the commitment for title insurance,
        on
        the face of such copy, substantially as follows: “Certified to be a true and
        correct copy of the original, which has been transmitted for recording”;
(y)
        in
        lieu of the Mortgage (other than the Mortgages related to the EMC Flow Loans),
        assignment to the Trustee or in blank or intervening assignments thereof,
        if the
        applicable jurisdiction retains the originals of such documents (as evidenced
        by
        a certification from the Depositor to such effect) the Depositor may deliver,
        or
        cause to be delivered, photocopies of such documents containing an original
        certification by the judicial or other governmental authority of the
        jurisdiction where such documents were recorded; and
        (z)
        in lieu of the Mortgage Notes relating to the Mortgage Loans identified in
        the
        list set forth in Exhibit I, the Depositor may deliver, or cause to be
        delivered, a lost note affidavit and indemnity and a copy of the original
        note,
        if available; and provided, further, however, that in the case of Mortgage
        Loans
        which have been prepaid in full after the Cut-off Date and prior to the Closing
        Date, the Depositor, in lieu of delivering the above documents, may deliver,
        or
        cause to be delivered, to the Trustee and the Custodian a certification of
        a
        Servicing Officer to such effect and in such case shall deposit all amounts
        paid
        in respect of such Mortgage Loans, in the Protected Account or in the
        Distribution Account on the Closing Date. In the case of the documents referred
        to in clause (x) above, the Depositor shall deliver, or cause to be delivered,
        such documents to the Trustee or the Custodian promptly after they are
        received.

       

      EMC
        (on
        its own behalf as Seller and on behalf of Master Funding) shall cause, at
        its
        expense, the Mortgage and intervening assignments, if any, and to the extent
        required in accordance with the foregoing, the assignment of the Mortgage
        to the
        Trustee to be submitted for recording promptly after the Closing Date; provided
        that, the Seller need not cause to be recorded (a) any assignment in any
        jurisdiction under the laws of which, as evidenced by an Opinion of Counsel
        addressed to the Trustee delivered by EMC (on its own behalf as Seller and
        on
        behalf of Master Funding) to the Trustee and the Rating Agencies, the
        recordation of such assignment is not necessary to protect the Trustee’s
        interest in the related Mortgage Loan or (b) if MERS is identified on the
        Mortgage or on a properly recorded assignment of the Mortgage as the mortgagee
        of record solely as nominee for the Seller and Master Funding and its successors
        and assigns. In the event that the Seller, Master Funding, the Depositor
        or the
        Master Servicer gives written notice to the Trustee that a court has
        recharacterized the sale of the Mortgage Loans as a financing, EMC (on its
        own
        behalf as Seller and on behalf of Master Funding) shall submit or cause to
        be
        submitted for recording as specified above each such previously unrecorded
        assignment to be submitted for recording as specified above at the expense
        of
        the Trust. In the event a Mortgage File is released to the Master Servicer
        as a
        result of such Person having completed a Request for Release, the Custodian
        shall, if not so completed, complete the assignment of the related Mortgage
        in
        the manner specified in clause (iii) above.

       

      In
        connection with the assignment of any Mortgage Loan registered on the MERS®
System, EMC (on its own behalf as Seller and on behalf of Master Funding)
        further agrees that it will cause, at the Seller’s own expense, within 30 days
        after the Closing Date, the MERS® System to indicate that such Mortgage Loans
        have been assigned by EMC (on its own behalf as Seller and on behalf of Master
        Funding) to the Depositor and by the Depositor to the Trustee in accordance
        with
        this Agreement for the benefit of the Certificateholders by including (or
        deleting, in the case of Mortgage Loans which are repurchased in accordance
        with
        this Agreement) in such computer files (a) the code in the field which
        identifies the specific Trustee and (b) the code in the field “Pool Field” which
        identifies the series of the Certificates issued in connection with such
        Mortgage Loans. EMC (on its own behalf as Seller and on behalf of Master
        Funding) further agrees that it will not, and will not permit the Master
        Servicer to, and the Master Servicer agrees that it will not, alter the codes
        referenced in this paragraph with respect to any Mortgage Loan during the
        term
        of this Agreement unless and until such Mortgage Loan is repurchased in
        accordance with the terms of this Agreement or the Mortgage Loan Purchase
        Agreement.

       

      Section
        2.02  Acceptance
        of the Mortgage Loans. 

       

      (a)  Based
        on
        the Initial Certification received by it from the Custodian, the Trustee
        acknowledges receipt of, subject to the further review and exceptions reported
        by the Custodian pursuant to the procedures described below, the documents
        (or
        certified copies thereof) delivered to the Trustee or the Custodian on its
        behalf pursuant to Section 2.01 and declares that it holds and will continue
        to
        hold directly or through a custodian those documents and any amendments,
        replacements or supplements thereto and all other assets of the Trust Fund
        delivered to it in trust for the use and benefit of all present and future
        Holders of the Certificates. On the Closing Date, the Trustee or the Custodian
        on its behalf will deliver an Initial Certification, in the form of Exhibit
        One
        to the Custodial Agreement, to the parties indicated on such exhibit confirming
        whether or not it has received the Mortgage File for each Mortgage Loan,
        but
        without review of such Mortgage File, except to the extent necessary to confirm
        whether such Mortgage File contains the original Mortgage Note or a lost
        note
        affidavit and indemnity in lieu thereof. No later than 90 days after the
        Closing
        Date, the Trustee or the Custodian on its behalf shall, for the benefit of
        the
        Certificateholders, review each Mortgage File delivered to it and execute
        and
        deliver to EMC (on its own behalf and on behalf of Master Funding), the Master
        Servicer and, if reviewed by the Custodian, the Trustee, an Interim
        Certification, substantially in the form of Exhibit Two to the Custodial
        Agreement. In conducting such review, the Trustee or the Custodian on its
        behalf
        will ascertain whether all required documents have been executed and received
        and whether those documents relate, determined on the basis of the Mortgagor
        name, original principal balance and loan number, to the Mortgage Loans
        identified in Exhibit B to this Agreement, as supplemented (provided, however,
        that with respect to those documents described in subclauses (iv) and (vi)
        of
        Section 2.01, such obligations shall extend only to documents actually delivered
        pursuant to such subclauses). In performing any such review, the Trustee
        and the
        Custodian may conclusively rely on the purported due execution and genuineness
        of any such document and on the purported genuineness of any signature thereon.
        If the Trustee or the Custodian on its behalf finds any document constituting
        part of the Mortgage File not to have been executed or received, or to be
        unrelated to the Mortgage Loans identified in Exhibit B or to appear to be
        defective on its face, the Trustee or the Custodian on its behalf shall include
        such information in the exception report attached to the Interim Certification.
        Within
        90
        days from the date of notice from the Trustee of the defect, EMC (on its
        own
        behalf as Seller and on behalf of Master Funding)
        shall
        correct or cure any such defect or, if prior to the end of the second
        anniversary of the Closing Date, EMC (on its own behalf as Seller and on
        behalf
        of Master Funding) may substitute for the related Mortgage Loan a Replacement
        Mortgage Loan, which substitution shall be accomplished in the manner and
        subject to the conditions set forth in Section 2.03, or shall deliver to
        the
        Trustee an Opinion of Counsel addressed to the Trustee to the effect that
        such
        defect does not materially or adversely affect the interests of the
        Certificateholders in such Mortgage Loan. If EMC (on its own behalf as Seller
        and on behalf of Master Funding) fails to correct or cure the defect or deliver
        such opinion within such period, EMC (on its own behalf as Seller and on
        behalf
        of Master Funding) will, subject to Section 2.03, within 90 days from the
        notification of the Trustee purchase such Mortgage Loan at the Purchase Price;
        provided, however, that if such defect relates solely to the inability of
        EMC
        (on its own behalf as Seller and on behalf of Master Funding) to deliver
        the
        Mortgage, assignment thereof to the Trustee, or intervening assignments thereof
        with evidence of recording thereon because such documents have been submitted
        for recording and have not been returned by the applicable jurisdiction,
        EMC (on
        its own behalf as Seller and on behalf of Master Funding) shall not be required
        to purchase such Mortgage Loan if the Seller delivers such documents promptly
        upon receipt, but in no event later than 360 days after the Closing Date.
        Notwithstanding anything to the contrary, the Trustee shall have no
        responsibility with respect to the custody or review of Mortgage Files held
        by
        the Custodian pursuant to the Custodial Agreement. The Trustee shall have
        no
        liability for the failure of the Custodian to perform its obligations under
        the
        Custodial Agreement.

       

      (b)  No
        later
        than 180 days after the Closing Date, the Trustee or the Custodian on its
        behalf
        will review, for the benefit of the Certificateholders, the Mortgage Files
        and
        will execute and deliver or cause to be executed and delivered to EMC (on
        its
        own behalf as Seller and on behalf of Master Funding), the Master Servicer
        and,
        if reviewed by the Custodian, the Trustee, a Final Certification, substantially
        in the form of Exhibit Three to the Custodial Agreement. In conducting such
        review, the Trustee or the Custodian on its behalf will ascertain whether
        each
        document required to be recorded has been returned from the recording office
        with evidence of recording thereon and the Trustee or the Custodian on its
        behalf has received either an original or a copy thereof, as required in
        Section
        2.01 (provided, however, that with respect to those documents described in
        subclauses (iv) and (vi) of Section 2.01, such obligations shall extend only
        to
        documents actually delivered pursuant to such subclauses). If the Trustee
        or the
        Custodian on its behalf finds any document with respect to a Mortgage Loan
        has
        not been received, or to be unrelated, determined on the basis of the Mortgagor
        name, original principal balance and loan number, to the Mortgage Loans
        identified in Exhibit B or to appear defective on its face, the Trustee or
        the
        Custodian on its behalf shall note such defect in the exception report attached
        to the Final Certification and shall promptly notify EMC (on its own behalf
        as
        Seller and on behalf of Master Funding). Within 90 days from the date of
        notice
        from the Trustee of the defect, EMC (on its own behalf as Seller and on behalf
        of Master Funding) shall correct or cure any such defect or, if prior to
        the end
        of the second anniversary of the Closing Date, EMC (on its own behalf as
        Seller
        and on behalf of Master Funding) may substitute for the related Mortgage
        Loan a
        Replacement Mortgage Loan, which substitution shall be accomplished in the
        manner and subject to the conditions set forth in Section 2.03, or shall
        deliver
        to the Trustee an Opinion of Counsel addressed to the Trustee to the effect
        that
        such defect does not materially or adversely affect the interests of
        Certificateholders in such Mortgage Loan. If EMC (on its own behalf as Seller
        and on behalf of Master Funding) is unable within such period to correct
        or cure
        such defect, or to substitute the related Mortgage Loan with a Replacement
        Mortgage Loan or to deliver such opinion, EMC (on its own behalf as Seller
        and
        on behalf of Master Funding) shall, subject to Section 2.03, within 90 days
        from
        the notification of the Trustee, purchase such Mortgage Loan at the Purchase
        Price; provided, however, that if such defect relates solely to the inability
        of
        EMC (on its own behalf as Seller and on behalf of Master Funding) to deliver
        the
        Mortgage, assignment thereof to the Trustee or intervening assignments thereof
        with evidence of recording thereon, because such documents have not been
        returned by the applicable jurisdiction, EMC (on its own behalf as Seller
        and on
        behalf of Master Funding) shall not be required to purchase such Mortgage
        Loan,
        if the Seller delivers such documents promptly upon receipt, but in no event
        later than 360 days after the Closing Date. Notwithstanding anything to the
        contrary, the Trustee shall have no responsibility with respect to the custody
        or review of Mortgage Files held by the Custodian pursuant to the Custodial
        Agreement. The Trustee shall have no liability for the failure of the Custodian
        to perform its obligations under the Custodial Agreement.

       

      (c)  In
        the
        event that a Mortgage Loan is purchased by EMC (on its own behalf as Seller
        and
        on behalf of Master Funding) in accordance with subsections 2.02(a) or (b)
        above
        or Section 2.03, EMC (on its own behalf as Seller and on behalf of Master
        Funding) shall remit the applicable Purchase Price to the Master Servicer
        for
        deposit in the Protected Account and shall provide written notice to the
        Trustee
        detailing the components of the Purchase Price, signed by a Servicing Officer.
        Upon deposit of the Purchase Price in the Protected Account and upon receipt
        of
        a Request for Release with respect to such Mortgage Loan, the Trustee or
        the
        Custodian will release to EMC (on its own behalf as Seller and on behalf
        of
        Master Funding) the related Mortgage File and the Trustee shall execute and
        deliver all instruments of transfer or assignment, without recourse,
        representation or warranty furnished to it by the related Seller, as are
        necessary to vest in the title to and rights under the Mortgage Loan. Such
        purchase shall be deemed to have occurred on the date on which the deposit
        into
        the Protected Account was made. The Trustee shall promptly notify the Rating
        Agencies of such repurchase. The obligation of the Seller to cure, repurchase
        or
        substitute for any Mortgage Loan as to which a defect in a constituent document
        exists shall be the sole remedies respecting such defect available to the
        Certificateholders or to the Trustee on their behalf.

       

      (d)  EMC
        (on
        its own behalf as Seller and on behalf of Master Funding) shall deliver to
        the
        Trustee or the Custodian on its behalf, and Trustee agrees to accept the
        Mortgage Note and other documents constituting the Mortgage File with respect
        to
        any Replacement Mortgage Loan, which the Trustee or the Custodian will review
        as
        provided in subsections 2.02(a) and 2.02(b), provided, that the Closing Date
        referred to therein shall instead be the date of delivery of the Mortgage
        File
        with respect to each Replacement Mortgage Loan.

       

      Section
        2.03  Representations,
        Warranties and Covenants of the Master Servicer and the Seller. 

       

      (a)  The
        Master Servicer hereby represents and warrants to the Depositor and the Trustee
        as follows, as of the Closing Date:

       

      (i)  It
        is
        duly organized and is validly existing and in good standing under the laws
        of
        the State of Delaware and is duly authorized and qualified to transact any
        and
        all business contemplated by this Agreement to be conducted by it in any
        state
        in which a Mortgaged Property is located or is otherwise not required under
        applicable law to effect such qualification and, in any event, is in compliance
        with the doing business laws of any such state, to the extent necessary to
        ensure its ability to enforce each Mortgage Loan, to service the Mortgage
        Loans
        in accordance with the terms of the Mortgage Loan Purchase Agreement and
        to
        perform any of its other obligations under this Agreement in accordance with
        the
        terms hereof or thereof.

       

      (ii)  It
        has
        the full corporate power and authority to service each Mortgage Loan, and
        to
        execute, deliver and perform, and to enter into and consummate the transactions
        contemplated by this Agreement and has duly authorized by all necessary
        corporate action on its part the execution, delivery and performance of this
        Agreement; and this Agreement, assuming the due authorization, execution
        and
        delivery hereof by the other parties hereto or thereto, as applicable,
        constitutes its legal, valid and binding obligation, enforceable against
        it in
        accordance with its terms, except that (a) the enforceability hereof may
        be
        limited by bankruptcy, insolvency, moratorium, receivership and other similar
        laws relating to creditors’ rights generally and (b) the remedy of specific
        performance and injunctive and other forms of equitable relief may be subject
        to
        equitable defenses and to the discretion of the court before which any
        proceeding therefor may be brought.

       

      (iii)  The
        execution and delivery of this Agreement, the servicing of the Mortgage Loans
        by
        it under this Agreement, the consummation of any other of the transactions
        contemplated by this Agreement, and the fulfillment of or compliance with
        the
        terms hereof and thereof are in its ordinary course of business and will
        not (A)
        result in a breach of any term or provision of its charter or by-laws or
        (B)
        conflict with, result in a breach, violation or acceleration of, or result
        in a
        default under, the terms of any other material agreement or instrument to
        which
        it is a party or by which it may be bound, or (C) constitute a violation
        of any
        statute, order or regulation applicable to it of any court, regulatory body,
        administrative agency or governmental body having jurisdiction over it; and
        it
        is not in breach or violation of any material indenture or other material
        agreement or instrument, or in violation of any statute, order or regulation
        of
        any court, regulatory body, administrative agency or governmental body having
        jurisdiction over it which breach or violation may materially impair its
        ability
        to perform or meet any of its obligations under this Agreement.

       

      (iv)  It
        is an
        approved servicer of conventional mortgage loans for Fannie Mae or Freddie
        Mac
        and is a mortgagee approved by the Secretary of Housing and Urban Development
        pursuant to sections 203 and 211 of the National Housing Act.

       

      (v)  No
        litigation is pending or, to the best of its knowledge, threatened, against
        it
        that would materially and adversely affect the execution, delivery or
        enforceability of this Agreement or its ability to service the Mortgage Loans
        or
        to perform any of its other obligations under this Agreement in accordance
        with
        the terms hereof.

       

      (vi)  No
        consent, approval, authorization or order of any court or governmental agency
        or
        body is required for its execution, delivery and performance of, or compliance
        with, this Agreement or the consummation of the transactions contemplated
        hereby
        or thereby, or if any such consent, approval, authorization or order is
        required, it has obtained the same.

       

      (vii)  As
        of the
        Closing Date and except as has been otherwise disclosed to the Depositor,
        or
        disclosed in any public filing: (1) no default or servicing related performance
        trigger has occurred as to any other Pass-Through Transfer due to any act
        or
        failure to act of the Master Servicer; (2) no material noncompliance with
        applicable servicing criteria as to any other Pass-Through Transfer has
        occurred, been disclosed or reported by the Master Servicer; (3) the Master
        Servicer has not been terminated as servicer in a residential mortgage loan
        Pass-Through Transfer, either due to a servicing default or to application
        of a
        servicing performance test or trigger; (4) no material changes to the Master
        Servicer’s servicing policies and procedures for similar loans have occurred in
        the preceding three years outside of the normal changes warranted by regulatory
        and product type changes in the portfolio; (5) there are no aspects of the
        Master Servicer’s financial condition that could have a material adverse impact
        on the performance by the Master Servicer of its obligations hereunder; (6)
        there are no legal proceedings pending, or known to be contemplated by
        governmental authorities, against the Master Servicer that could be material
        to
        investors in the securities issued in such Pass-Through Transfer; and (7)
        there
        are no affiliations, relationships or transactions relating to the Master
        Servicer of a type that are described under Item 1119 of Regulation
        AB.

       

      (viii)  If
        so
        requested by the Depositor on any date, the Master Servicer shall, within
        five
        Business Days following such request, confirm in writing the accuracy of
        the
        representations and warranties set forth in clause (a)(vii) of this Section
        or,
        if any such representation and warranty is not accurate as of the date of
        such
        request, provide reasonably adequate disclosure of the pertinent facts, in
        writing, to the requesting party.

       

      (ix)  As
        a
        condition to the succession to the Master Servicer or any subservicer as
        servicer or subservicer under this Agreement by any Person (i) into which
        the
        Master Servicer or such subservicer may be merged or consolidated, or (ii)
        which
        may be appointed as a successor to the Master Servicer or any subservicer,
        the
        Master Servicer shall provide to the Depositor, at least 15 calendar days
        prior
        to the effective date of such succession or appointment, (x) written notice
        to
        the Depositor of such succession or appointment and (y) in writing and in
        form
        and substance reasonably satisfactory to the Depositor, all information
        reasonably requested by the Depositor in order to comply with its reporting
        obligation under Item 6.02 of Form 8-K with respect to any class of asset-backed
        securities.

       

      (x)  With
        respect to each Subgroup I-2 Mortgage Loan, information regarding the Mortgagor
        credit files related to such Mortgage Loan has been and will continue to
        be
        furnished to credit reporting agencies in compliance with the provisions
        of the
        Fair Credit Reporting Act and the applicable implementing
        regulations.

       

      (xi)  In
        connection with the Subgroup I-2 Mortgage Loans, the Master Servicer shall
        not
        collect any prepayment premium in any instance when the mortgage debt is
        accelerated through foreclosure sale or other payment as the result of the
        mortgagor’s default under the terms of the security instrument.

       

      (b)  The
        Seller hereby represents and warrants to the Depositor and the Trustee as
        follows, as of the Closing Date:

       

      (i)  The
        Seller is duly organized as a Delaware corporation and is validly existing
        and
        in good standing under the laws of the State of Delaware and is duly authorized
        and qualified to transact any and all business contemplated by this Agreement
        to
        be conducted by the Seller in any state in which a Mortgaged Property is
        located
        or is otherwise not required under applicable law to effect such qualification
        and, in any event, is in compliance with the doing business laws of any such
        state, to the extent necessary to ensure its ability to enforce each Mortgage
        Loan, to sell the Mortgage Loans in accordance with the terms of the Mortgage
        Loan Purchase Agreement and to perform any of its other obligations under
        this
        Agreement in accordance with the terms hereof.

       

      (ii)  The
        Seller has the full corporate power and authority to sell each Mortgage Loan,
        and to execute, deliver and perform, and to enter into and consummate the
        transactions contemplated by this Agreement and has duly authorized by all
        necessary corporate action on the part of the Seller the execution, delivery
        and
        performance of this Agreement, assuming the due authorization, execution
        and
        delivery hereof by the other parties hereto or thereto, as applicable,
        constitutes a legal, valid and binding obligation of the Seller, enforceable
        against the Seller in accordance with its terms, except that (a) the
        enforceability hereof may be limited by bankruptcy, insolvency, moratorium,
        receivership and other similar laws relating to creditors’ rights generally and
        (b) the remedy of specific performance and injunctive and other forms of
        equitable relief may be subject to equitable defenses and to the discretion
        of
        the court before which any proceeding therefor may be brought.

       

      (iii)  The
        execution and delivery of this Agreement by the Seller, the sale of the Mortgage
        Loans by the Seller under the Mortgage Loan Purchase Agreement, the consummation
        of any other of the transactions contemplated by this Agreement, and the
        fulfillment of or compliance with the terms hereof and thereof are in the
        ordinary course of business of the Seller and will not (A) result in a material
        breach of any term or provision of the charter or by-laws of the Seller or
        (B)
        conflict with, result in a breach, violation or acceleration of, or result
        in a
        default under, the terms of any other material agreement or instrument to
        which
        the Seller is a party or by which it may be bound, or (C) constitute a violation
        of any statute, order or regulation applicable to the Seller of any court,
        regulatory body, administrative agency or governmental body having jurisdiction
        over the Seller; and the Seller is not in breach or violation of any material
        indenture or other material agreement or instrument, or in violation of any
        statute, order or regulation of any court, regulatory body, administrative
        agency or governmental body having jurisdiction over it which breach or
        violation may materially impair the Seller’s ability to perform or meet any of
        its obligations under this Agreement.

       

      (iv)  The
        Seller is an approved seller of conventional mortgage loans for Fannie Mae
        or
        Freddie Mac and is a mortgagee approved by the Secretary of Housing and Urban
        Development pursuant to sections 203 and 211 of the National Housing
        Act.

       

      (v)  No
        litigation is pending or, to the best of the Seller’s knowledge, threatened,
        against the Seller that would materially and adversely affect the execution,
        delivery or enforceability of this Agreement or the ability of the Seller
        to
        sell the Mortgage Loans or to perform any of its other obligations under
        this
        Agreement in accordance with the terms hereof or thereof.

       

      (vi)  No
        consent, approval, authorization or order of any court or governmental agency
        or
        body is required for the execution, delivery and performance by the Seller
        of,
        or compliance by the Seller with, this Agreement or the consummation of the
        transactions contemplated hereby, or if any such consent, approval,
        authorization or order is required, the Seller has obtained the
        same.

       

      (vii)  With
        respect to each Mortgage Loan as of the Closing Date (or such other date
        as may
        be specified in Section 7 of the Mortgage Loan Purchase Agreement), the Seller
        hereby remakes and restates each of the representations and warranties set
        forth
        in Section 7 of the Mortgage Loan Purchase Agreement to the Depositor and
        the
        Trustee to the same extent as if fully set forth herein.

       

      (c)  Upon
        discovery by any of the parties hereto of a breach of a representation or
        warranty set forth in the Mortgage Loan Purchase Agreement with respect to
        the
        Mortgage Loans that materially and adversely affects the interests of the
        related Certificateholders in any Mortgage Loan, the party discovering such
        breach shall give prompt written notice thereof to the other parties. Any
        breach
        of a representation or warranty contained in clauses (c), (q) and (s) with
        respect to the Subgroup I-2 Loans and (z) through (ii) of Section 7 of the
        Mortgage Loan Purchase Agreement, shall be deemed to materially adversely
        affect
        the interests of the related Certificateholders. The Seller hereby covenants,
        with respect to the representations and warranties set forth in the Mortgage
        Loan Purchase Agreement with respect to the Mortgage Loans, that within 90
        days
        of the discovery of a breach of any representation or warranty set forth
        therein
        that materially and adversely affects the interests of the Certificateholders
        in
        any Mortgage Loan, it shall cure such breach in all material respects and,
        if
        such breach is not so cured, (i) if such 90 day period expires prior to the
        second anniversary of the Closing Date, remove such Mortgage Loan (a “Deleted
        Mortgage Loan”) from the Trust Fund and substitute in its place a Replacement
        Mortgage Loan, in the manner and subject to the conditions set forth in this
        Section; or (ii) repurchase the affected Mortgage Loan or Mortgage Loans
        from
        the Trustee at the Purchase Price in the manner set forth below; provided
        that
        any such substitution pursuant to (i) above or repurchase pursuant to (ii)
        above
        shall not be effected prior to the delivery to the Trustee of an Opinion
        of
        Counsel if required by Section 2.05 hereof and any such substitution pursuant
        to
        (i) above shall not be effected prior to the additional delivery to the Trustee
        of a Request for Release. The Trustee shall give prompt written notice to
        the
        parties hereto of the Seller’s failure to cure such breach as set forth in the
        preceding sentence. The Seller shall promptly reimburse the Master Servicer
        and
        the Trustee for any expenses reasonably incurred by the Master Servicer or
        the
        Trustee in respect of enforcing the remedies for such breach. To enable the
        Master Servicer to amend the Mortgage Loan Schedule, the Seller shall, unless
        it
        cures such breach in a timely fashion pursuant to this Section 2.03, promptly
        notify the Master Servicer whether it intends either to repurchase, or to
        substitute for, the Mortgage Loan affected by such breach. With respect to
        the
        representations and warranties with respect to the Mortgage Loans that are
        made
        to the best of the Seller’s knowledge, if it is discovered by any of the
        Depositor, the Master Servicer, the Seller, the Trustee or the Custodian
        that
        the substance of such representation and warranty is inaccurate and such
        inaccuracy materially and adversely affects the value of the related Mortgage
        Loan, notwithstanding the Seller’s lack of knowledge with respect to the
        substance of such representation or warranty, the Seller shall nevertheless
        be
        required to cure, substitute for or repurchase the affected Mortgage Loan
        in
        accordance with the foregoing.

       

      With
        respect to any Replacement Mortgage Loan or Loans, the Seller (pursuant to
        the
        Mortgage Loan Purchase Agreement) shall deliver to the Trustee or the Custodian
        on its behalf for the benefit of the Certificateholders such documents and
        agreements as are required by Section 2.01. No substitution will be made
        in any
        calendar month after the Determination Date for such month. Notwithstanding
        the
        foregoing, such substitution must be done within two years of the Closing
        Date.
        Scheduled Payments due with respect to Replacement Mortgage Loans in the
        Due
        Period related to the Distribution Date on which such proceeds are to be
        distributed shall not be part of the Trust Fund and will be retained by the
        Seller. For the month of substitution, distributions to Certificateholders
        will
        include the Scheduled Payment due on any Deleted Mortgage Loan for the related
        Due Period and thereafter the Seller shall be entitled to retain all amounts
        received in respect of such Deleted Mortgage Loan. The Master Servicer shall
        amend the Mortgage Loan Schedule for the benefit of the Certificateholders
        to
        reflect the removal of each such Deleted Mortgage Loan and the substitution
        of
        the Replacement Mortgage Loan or Loans and the Master Servicer shall deliver
        the
        amended Mortgage Loan Schedule to the Trustee and the Custodian. Upon such
        substitution, the Replacement Mortgage Loan or Loans shall be subject to
        the
        terms of this Agreement in all respects, and the Seller shall be deemed to
        have
        made with respect to such Replacement Mortgage Loan or Loans, as of the date
        of
        substitution, the representations and warranties set forth in Section 7 or
        Section 8 of the Mortgage Loan Purchase Agreement with respect to such Mortgage
        Loan. Upon any such substitution and the deposit into the Protected Account
        of
        the amount required to be deposited therein in connection with such substitution
        as described in the following paragraph and receipt by the Trustee of a Request
        for Release for such Mortgage Loan, the Trustee or the Custodian shall release
        to the Seller the Mortgage File relating to such Deleted Mortgage Loan and
        held
        for the benefit of the Certificateholders and the Trustee shall execute and
        deliver at the Seller’s direction such instruments of transfer or assignment as
        have been prepared by the Seller in each case without recourse, representation
        or warranty as shall be necessary to vest in the Seller or its respective
        designee, title to the Trustee’s interest in any Deleted Mortgage Loan
        substituted for pursuant to this Section 2.03.

       

      For
        any
        month in which the Seller substitutes one or more Replacement Mortgage Loans
        for
        a Deleted Mortgage Loan, the Master Servicer will determine the amount (if
        any)
        by which the aggregate principal balance of all the Replacement Mortgage
        Loans
        as of the date of substitution is less than the Stated Principal Balance
        (after
        application of the principal portion of the Scheduled Payment due in the
        month
        of substitution) of such Deleted Mortgage Loan. An amount equal to the aggregate
        of such deficiencies, described in the preceding sentence for any Distribution
        Date (such amount, the “Substitution Adjustment Amount”) shall be deposited into
        the Protected Account, by the Seller upon its delivering such Replacement
        Mortgage Loan on the Determination Date for the Distribution Date relating
        to
        the Prepayment Period during which the related Mortgage Loan became required
        to
        be purchased or replaced hereunder.

       

      In
        the
        event that the Seller shall have repurchased a Mortgage Loan, the Purchase
        Price
        therefor shall be deposited into the Protected Account, on the Determination
        Date for the Distribution Date in the month following the month during which
        the
        Seller became obligated to repurchase or replace such Mortgage Loan and upon
        such deposit of the Purchase Price, the delivery of an Opinion of Counsel
        if
        required by Section 2.05 and the receipt of a Request for Release, the Trustee
        or the Custodian shall release the related Mortgage File held for the benefit
        of
        the Certificateholders to the Seller and the Trustee shall execute and deliver
        at such Person’s direction the related instruments of transfer or assignment
        prepared by the Seller, in each case without recourse, as shall be necessary
        to
        transfer title from the Trustee for the benefit of the Certificateholders
        and
        transfer the Trustee’s interest to EMC (on its own as a Seller and on behalf of
        Master Funding) to any Mortgage Loan purchased pursuant to this Section 2.03.
        It
        is understood and agreed that the obligation under this Agreement of the
        Seller
        to cure, repurchase or replace any Mortgage Loan as to which a breach has
        occurred and is continuing shall constitute the sole remedies against the
        Seller
        respecting such breach available to the Certificateholders, the Depositor
        or the
        Trustee.

       

      (d)  The
        representations and warranties set forth in this Section 2.03 hereof shall
        survive delivery of the respective Mortgage Loans and Mortgage Files to the
        Trustee or the Custodian for the benefit of the Certificateholders.

       

      Section
        2.04  Representations
        and Warranties of the Depositor. 

       

      The
        Depositor hereby represents and warrants to the Master Servicer and the Trustee
        as follows, as of the date hereof and as of the Closing Date:

       

      (i)  The
        Depositor is duly organized and is validly existing as a limited liability
        company in good standing under the laws of the State of Delaware and has
        full
        power and authority necessary to own or hold its properties and to conduct
        its
        business as now conducted by it and to enter into and perform its obligations
        under this Agreement.

       

      (ii)  The
        Depositor has the full power and authority to execute, deliver and perform,
        and
        to enter into and consummate the transactions contemplated by, this Agreement
        and has duly authorized, by all necessary corporate action on its part, the
        execution, delivery and performance of this Agreement, assuming the due
        authorization, execution and delivery hereof by the other parties hereto,
        constitutes a legal, valid and binding obligation of the Depositor, enforceable
        against the Depositor in accordance with its terms, subject, as to
        enforceability, to (i) bankruptcy, insolvency, reorganization, moratorium
        and
        other similar laws affecting creditors’ rights generally and (ii) general
        principles of equity, regardless of whether enforcement is sought in a
        proceeding in equity or at law.

       

      (iii)  The
        execution and delivery of this Agreement by the Depositor, the consummation
        of
        the transactions contemplated by this Agreement, and the fulfillment of or
        compliance with the terms hereof and thereof are in the ordinary course of
        business of the Depositor and will not (A) result in a material breach of
        any
        term or provision of the certificate of formation or limited liability company
        agreement of the Depositor or (B) conflict with, result in a breach, violation
        or acceleration of, or result in a default under, the terms of any other
        material agreement or instrument to which the Depositor is a party or by
        which
        it may be bound or (C) constitute a violation of any statute, order or
        regulation applicable to the Depositor of any court, regulatory body,
        administrative agency or governmental body having jurisdiction over the
        Depositor; and the Depositor is not in breach or violation of any material
        indenture or other material agreement or instrument, or in violation of any
        statute, order or regulation of any court, regulatory body, administrative
        agency or governmental body having jurisdiction over it which breach or
        violation may materially impair the Depositor’s ability to perform or meet any
        of its obligations under this Agreement.

       

      (iv)  No
        litigation is pending, or, to the best of the Depositor’s knowledge, threatened,
        against the Depositor that would materially and adversely affect the execution,
        delivery or enforceability of this Agreement or the ability of the Depositor
        to
        perform its obligations under this Agreement in accordance with the terms
        hereof
        or thereof.

       

      (v)  No
        consent, approval, authorization or order of any court or governmental agency
        or
        body is required for the execution, delivery and performance by the Depositor
        of, or compliance by the Depositor with this Agreement or the consummation
        of
        the transactions contemplated hereby or thereby, or if any such consent,
        approval, authorization or order is required, the Depositor has obtained
        the
        same.

       

      (vi)  The
        Depositor has filed all reports required to be filed by Section 13 or Section
        15(d) of the Exchange Act during the preceding 12 months (or for such shorter
        period that the Depositor was required to file such reports) and it has been
        subject to such filing requirements for the past 90 days.

       

      The
        Depositor hereby represents and warrants to the Trustee as of the Closing
        Date,
        following the transfer of the Mortgage Loans to it by the Sellers, the Depositor
        had good title to the Mortgage Loans and the related Mortgage Notes were
        subject
        to no offsets, claims, defenses or counterclaims.

       

      It
        is
        understood and agreed that the representations and warranties set forth in
        this
        Section 2.04 shall survive delivery of the Mortgage Files to the Trustee
        or the
        Custodian for the benefit of the Certificateholders. Upon discovery by the
        Depositor or the Trustee of a breach of such representations and warranties,
        the
        party discovering such breach shall give prompt written notice to the others
        and
        to each Rating Agency.

       

      Section
        2.05  Delivery
        of Opinion of Counsel in Connection with Substitutions and
        Repurchases. 

       

      (a)  Notwithstanding
        any contrary provision of this Agreement, with respect to any Mortgage Loan
        that
        is not in default or as to which default is not reasonably foreseeable, no
        repurchase or substitution pursuant to Sections 2.02 or 2.03 shall be made
        unless the Sponsor delivers to the Trustee an Opinion of Counsel, addressed
        to
        the Trustee, to the effect that such repurchase or substitution would not
        (i)
        result in the imposition of the tax on “prohibited transactions” of REMIC I,
        REMIC II, REMIC III, REMIC IV, REMIC V, REMIC VI, REMIC VII, REMIC VIII,
        REMIC
        IX or REMIC X or contributions after the Closing Date, as defined in Sections
        860F(a)(2) and 860G(d) of the Code, respectively, or (ii) cause any of REMIC
        I,
        REMIC II, REMIC III, REMIC IV, REMIC V, REMIC VI, REMIC VII, REMIC VIII,
        REMIC
        IX or REMIC X to fail to qualify as a REMIC at any time that any Certificates
        are outstanding. Any Mortgage Loan as to which repurchase or substitution
        was
        delayed pursuant to this paragraph shall be repurchased or the substitution
        therefor shall occur (subject to compliance with Sections 2.02 or 2.03) upon
        the
        earlier of (a) the occurrence of a default or default becoming reasonably
        foreseeable with respect to such Mortgage Loan and (b) receipt by the Trustee
        of
        an Opinion of Counsel addressed to the Trustee to the effect that such
        repurchase or substitution, as applicable, will not result in the events
        described in clause (i) or clause (ii) of the preceding sentence.

       

      (b)  Upon
        discovery by the Depositor, the Seller or the Master Servicer that any Mortgage
        Loan does not constitute a “qualified mortgage” within the meaning of section
        860G(a)(3) of the Code, the party discovering such fact shall promptly (and
        in
        any event within 5 Business Days of discovery) give written notice thereof
        to
        the other parties and the Trustee. In connection therewith, the Trustee shall
        require the Seller at it’s option, to either (i) substitute, if the conditions
        in Section 2.03 with respect to substitutions are satisfied, a Replacement
        Mortgage Loan for the affected Mortgage Loan, or (ii) repurchase the affected
        Mortgage Loan within 90 days of such discovery in the same manner as it would
        a
        Mortgage Loan for a breach of representation or warranty in accordance with
        Section 2.03. The Trustee shall reconvey to the Seller the Mortgage Loan
        to be
        released pursuant hereto (and the Custodian shall deliver the related Mortgage
        File) in the same manner, and on the same terms and conditions, as it would
        a
        Mortgage Loan repurchased for breach of a representation or warranty in
        accordance with Section 2.03.

       

      Section
        2.06  Countersignature
        and Delivery of Certificates. 

       

      (a)  The
        Trustee acknowledges the sale, transfer and assignment to it of the Trust
        Fund
        and, concurrently with such transfer and assignment, has executed, countersigned
        and delivered, to or upon the order of the Depositor, the Certificates in
        authorized denominations evidencing the entire ownership of the Trust Fund.
        The
        Trustee agrees to hold the Trust Fund and exercise the rights referred to
        above
        for the benefit of all present and future Holders of the Certificates and
        to
        perform the duties set forth in this Agreement in accordance with its
        terms.

       

      (b)  The
        Depositor concurrently with the execution and delivery hereof, does hereby
        transfer, assign, set over and otherwise convey in trust to the Trustee without
        recourse all the right, title and interest of the Depositor in and to the
        REMIC
        I Regular Interests, the REMIC II Regular Interests and the other assets
        of
        REMIC III for the benefit of the holders of the REMIC III Regular Interests
        and
        the Class I-R-2 Certificates. The Trustee acknowledges receipt of the REMIC
        I
        Regular Interests (which are uncertificated), the REMIC II Regular Interests
        (which are uncertificated) and the other assets of REMIC III and declares
        that
        it holds and will hold the same in trust for the exclusive use and benefit
        of
        the holders of the REMIC III Regular Interests and the Class I-R-2
        Certificates.

       

      (c)  The
        Depositor concurrently with the execution and delivery hereof, does hereby
        transfer, assign, set over and otherwise convey in trust to the Trustee without
        recourse all the right, title and interest of the Depositor in and to the
        REMIC
        III Regular Interests and the other assets of REMIC IV for the benefit of
        the
        holders of the Regular Certificates (other than the Class CE Certificates
        and
        the Class P Certificates), the Class CE Interests, the Class IO Interests,
        the
        Class P Interests and the Class I-R-3 Certificates. The Trustee acknowledges
        receipt of the REMIC III Regular Interests (which are uncertificated) and
        the
        other assets of REMIC IV and declares that it holds and will hold the same
        in
        trust for the exclusive use and benefit of the holders of the Regular
        Certificates (other than the Class CE Certificates and the Class P
        Certificates), the Class CE Interests, the Class IO Interests, the Class
        P
        Interests and the Class I-R-3 Certificates.

       

      (d)  The
        Depositor, concurrently with the execution and delivery hereof, does hereby
        transfer, assign, set over and otherwise convey in trust to the Trustee without
        recourse all the right, title and interest of the Depositor in and to the
        Class
        I-CE Interest for the benefit of the Holders of the REMIC V Certificates.
        The
        Trustee acknowledges receipt of the Class I-CE Interest (which is
        uncertificated) and declares that it holds and will hold the same in trust
        for
        the exclusive use and benefit of the Holders of the REMIC V
        Certificates.

       

      (e)  The
        Depositor, concurrently with the execution and delivery hereof, does hereby
        transfer, assign, set over and otherwise convey in trust to the Trustee without
        recourse all the right, title and interest of the Depositor in and to the
        Class
        I-P Interest for the benefit of the Holders of the REMIC VI Certificates.
        The
        Trustee acknowledges receipt of the Class I-P Interest (which is uncertificated)
        and declares that it holds and will hold the same in trust for the exclusive
        use
        and benefit of the Holders of the REMIC VI Certificates.

       

      (f)  The
        Depositor, concurrently with the execution and delivery hereof, does hereby
        transfer, assign, set over and otherwise convey in trust to the Trustee without
        recourse all the right, title and interest of the Depositor in and to the
        Class
        I-IO Interest for the benefit of the holders of the REMIC VII Interests.
        The
        Trustee acknowledges receipt of the Class I-IO Interest (which is
        uncertificated) and declares that it holds and will hold the same in trust
        for
        the exclusive use and benefit of the holders of the REMIC VII
        Interests.

       

      (g)  The
        Depositor, concurrently with the execution and delivery hereof, does hereby
        transfer, assign, set over and otherwise convey in trust to the Trustee without
        recourse all the right, title and interest of the Depositor in and to the
        Class
        II-CE Interest for the benefit of the Holders of the REMIC VIII Certificates.
        The Trustee acknowledges receipt of the Class II-CE Interest (which is
        uncertificated) and declares that it holds and will hold the same in trust
        for
        the exclusive use and benefit of the Holders of the REMIC VIII
        Certificates.

       

      (h)  The
        Depositor, concurrently with the execution and delivery hereof, does hereby
        transfer, assign, set over and otherwise convey in trust to the Trustee without
        recourse all the right, title and interest of the Depositor in and to the
        Class
        II-P Interest for the benefit of the Holders of the REMIC IX Certificates.
        The
        Trustee acknowledges receipt of the Class II-P Interest (which is
        uncertificated) and declares that it holds and will hold the same in trust
        for
        the exclusive use and benefit of the Holders of the REMIC IX
        Certificates.

       

      (i)  The
        Depositor, concurrently with the execution and delivery hereof, does hereby
        transfer, assign, set over and otherwise convey in trust to the Trustee without
        recourse all the right, title and interest of the Depositor in and to the
        Class
        II-IO Interest for the benefit of the holders of the REMIC X Interests. The
        Trustee acknowledges receipt of the Class II-IO Interest (which is
        uncertificated) and declares that it holds and will hold the same in trust
        for
        the exclusive use and benefit of the holders of the REMIC X
        Interests.

       

      Section
        2.07  Purposes
        and Powers of the Trust. 

       

      The
        purpose of the common law trust, as created hereunder, is to engage in the
        following activities:

       

      (a)  acquire
        and hold, as set forth in this Agreement, the Mortgage Loans and the other
        assets of the Trust Fund and the proceeds therefrom for the benefit of the
        Certificateholders;

       

      (b)  to
        issue
        the Certificates sold to the Depositor in exchange for the Mortgage Loans
        and
        any other assets of the Trust;

       

      (c)  to
        make
        distributions on the Certificates;

       

      (d)  to
        engage
        in those activities that are necessary, suitable or convenient to accomplish
        the
        foregoing or are incidental thereto or connected therewith; and

       

      (e)  subject
        to compliance with this Agreement, to engage in such other activities as
        may be
        required in connection with conservation of the Trust Fund and the making
        of
        distributions to the Certificateholders.

       

      The
        Trust
        is hereby authorized to engage in the foregoing activities. Neither the Trustee
        nor the Master Servicer shall cause the Trust to engage in any activity other
        than in connection with the foregoing or other than as required or authorized
        by
        the terms of this Agreement while any Certificate is outstanding.

       

      

       

      ARTICLE
        III

      ADMINISTRATION
        AND SERVICING OF THE MORTGAGE LOANS

       

      Section
        3.01  The
        Master Servicer to act as Master Servicer. 

       

      The
        Master Servicer shall service and administer the Mortgage Loans in accordance
        with customary and usual standards of practice of prudent mortgage loan
        servicers in the respective states in which the related Mortgaged Properties
        are
        located. In connection with such servicing and administration, the Master
        Servicer shall have full power and authority, acting alone and/or through
        subservicers as provided in Section 3.03, to do or cause to be done any and
        all
        things that it may deem necessary or desirable in connection with such servicing
        and administration, including but not limited to, the power and authority,
        subject to the terms hereof (i) to execute and deliver, on behalf of the
        Certificateholders and the Trustee, customary consents or waivers and other
        instruments and documents, (ii) to consent to transfers of any related Mortgaged
        Property and assumptions of the Mortgage Notes and related Mortgages (but
        only
        in the manner provided herein), (iii) to collect any Insurance Proceeds and
        other Liquidation Proceeds or Subsequent Recoveries, and (iv) subject to
        Section
        3.09, to effectuate foreclosure or other conversion of the ownership of the
        Mortgaged Property securing any Mortgage Loan; provided that the Master Servicer
        shall take no action that is inconsistent with or prejudices the interests
        of
        the Trust Fund or the Certificateholders in any Mortgage Loan or the rights
        and
        interests of the Depositor or the Trustee under this Agreement.

       

      Without
        limiting the generality of the foregoing, the Master Servicer, in its own
        name
        or in the name of the Trust, the Depositor or the Trustee, is hereby authorized
        and empowered by the Trust, the Depositor and the Trustee, when the Master
        Servicer believes it appropriate in its reasonable judgment, to execute and
        deliver, on behalf of the Trustee, the Depositor, the Certificateholders
        or any
        of them, any and all instruments of satisfaction or cancellation, or of partial
        or full release or discharge and all other comparable instruments, with respect
        to the Mortgage Loans, and with respect to the Mortgaged Properties held
        for the
        benefit of the Certificateholders. The Master Servicer shall prepare and
        deliver
        to the Depositor and/or the Trustee such documents requiring execution and
        delivery by any or all of them as are necessary or appropriate to enable
        the
        Master Servicer to service and administer the Mortgage Loans. Upon receipt
        of
        such documents, the Depositor and/or the Trustee shall execute such documents
        and deliver them to the Master Servicer.

       

      In
        accordance with the standards of the first paragraph of this Section 3.01,
        the
        Master Servicer shall advance or cause to be advanced funds as necessary
        for the
        purpose of effecting the payment of taxes and assessments on the related
        Mortgaged Properties, which advances shall be reimbursable in the first instance
        from related collections from the Mortgagors pursuant to Section 4.03, and
        further as provided in Section 4.02. All costs incurred by the Master Servicer,
        if any, in effecting the timely payments of taxes and assessments on the
        related
        Mortgaged Properties and related insurance premiums shall not, for the purpose
        of calculating monthly distributions to the related Certificateholders, be
        added
        to the Stated Principal Balance under the Mortgage Loans, notwithstanding
        that
        the terms of such Mortgage Loans so permit.

       

      Section
        3.02  Due-on-Sale
        Clauses; Assumption Agreements. 

       

      (a)  Except
        as
        otherwise provided in this Section 3.02, when any property subject to a Mortgage
        has been or is about to be conveyed by the Mortgagor, the Master Servicer
        shall
        to the extent that it has knowledge of such conveyance, enforce any due-on-sale
        clause contained in any Mortgage Note or Mortgage, to the extent permitted
        under
        applicable law and governmental regulations, but only to the extent that
        such
        enforcement will not adversely affect or jeopardize coverage under any Required
        Insurance Policy. Notwithstanding the foregoing, the Master Servicer is not
        required to exercise such rights with respect to a Mortgage Loan if the Person
        to whom the related Mortgaged Property has been conveyed or is proposed to
        be
        conveyed satisfies the terms and conditions contained in the Mortgage Note
        and
        Mortgage related thereto and the consent of the mortgagee under such Mortgage
        Note or Mortgage is not otherwise so required under such Mortgage Note or
        Mortgage as a condition to such transfer. In the event that the Master Servicer
        is prohibited by law from enforcing any such due-on-sale clause, or if coverage
        under any Required Insurance Policy would be adversely affected, or if
        nonenforcement is otherwise permitted hereunder, the Master Servicer is
        authorized, subject to Section 3.02(b), to take or enter into an assumption
        and
        modification agreement from or with the person to whom such property has
        been or
        is about to be conveyed, pursuant to which such person becomes liable under
        the
        Mortgage Note and, unless prohibited by applicable state law, the Mortgagor
        remains liable thereon, provided that the Mortgage Loan shall continue to
        be
        covered (if so covered before the Master Servicer enters such agreement)
        by the
        applicable Required Insurance Policies. The Master Servicer, subject to Section
        3.02(b), is also authorized with the prior approval of the insurers under
        any
        Required Insurance Policies to enter into a substitution of liability agreement
        with such Person, pursuant to which the original Mortgagor is released from
        liability and such Person is substituted as Mortgagor and becomes liable
        under
        the Mortgage Note. Notwithstanding the foregoing, the Master Servicer shall
        not
        be deemed to be in default under this Section 3.02(a) by reason of any transfer
        or assumption that the Master Servicer reasonably believes it is restricted
        by
        law from preventing.

       

      (b)  Subject
        to the Master Servicer’s duty to enforce any due-on-sale clause to the extent
        set forth in Section 3.02(a), in any case in which a Mortgaged Property has
        been
        conveyed to a Person by a Mortgagor, and such Person is to enter into an
        assumption agreement or modification agreement or supplement to the Mortgage
        Note or Mortgage that requires the signature of the Trustee, or if an instrument
        of release signed by the Trustee is required releasing the Mortgagor from
        liability on the related Mortgage Loan, the Master Servicer shall prepare
        and
        deliver or cause to be prepared and delivered to the Trustee for signature
        and
        shall direct, in writing, the Trustee to execute the assumption agreement
        with
        the Person to whom the Mortgaged Property is to be conveyed and such
        modification agreement or supplement to the Mortgage Note or Mortgage or
        other
        instruments as are reasonable or necessary to carry out the terms of the
        Mortgage Note or Mortgage or otherwise to comply with any applicable laws
        regarding assumptions or the transfer of the Mortgaged Property to such Person.
        In connection with any such assumption, no material term of the Mortgage
        Note
        (including, but not limited to, the Mortgage Rate, the amount of the Scheduled
        Payment and any other term affecting the amount or timing of payment on the
        Mortgage Loan) may be changed. In addition, the substitute Mortgagor and
        the
        Mortgaged Property must be acceptable to the Master Servicer in accordance
        with
        its servicing standards as then in effect. The Master Servicer shall notify
        the
        Trustee that any such substitution or assumption agreement has been completed
        by
        forwarding to the Trustee the original of such substitution or assumption
        agreement, which in the case of the original shall be added to the related
        Mortgage File and shall, for all purposes, be considered a part of such Mortgage
        File to the same extent as all other documents and instruments constituting
        a
        part thereof. Any fee collected by the Master Servicer for entering into
        an
        assumption or substitution of liability agreement will be retained by the
        Master
        Servicer as additional servicing compensation.

       

      Section
        3.03  Subservicers. 

       

      The
        Master Servicer shall perform all of its servicing responsibilities hereunder
        or
        may cause a subservicer to perform any such servicing responsibilities on
        its
        behalf, but the use by the Master Servicer of a subservicer shall not release
        the Master Servicer from any of its obligations hereunder and the Master
        Servicer shall remain responsible hereunder for all acts and omissions of
        each
        subservicer as fully as if such acts and omissions were those of the Master
        Servicer. The Master Servicer shall pay all fees of each subservicer from
        its
        own funds, and a subservicer’s fee shall not exceed the Servicing Fee payable to
        the Master Servicer hereunder.

       

      At
        the
        cost and expense of the Master Servicer, without any right of reimbursement
        from
        its Protected Account, the Master Servicer shall be entitled to terminate
        the
        rights and responsibilities of a subservicer and arrange for any servicing
        responsibilities to be performed by a successor subservicer; provided, however,
        that nothing contained herein shall be deemed to prevent or prohibit the
        Master
        Servicer, at the Master Servicer’s option, from electing to service the related
        Mortgage Loans itself. In the event that the Master Servicer’s responsibilities
        and duties under this Agreement are terminated pursuant to Section 8.01,
        the
        Master Servicer shall at its own cost and expense terminate the rights and
        responsibilities of each subservicer effective as of the date of termination
        of
        the Master Servicer. The Master Servicer shall pay all fees, expenses or
        penalties necessary in order to terminate the rights and responsibilities
        of
        each subservicer from the Master Servicer’s own funds without reimbursement from
        the Trust Fund.

       

      Notwithstanding
        the foregoing, the Master Servicer shall not be relieved of its obligations
        hereunder and shall be obligated to the same extent and under the same terms
        and
        conditions as if it alone were servicing and administering the Mortgage Loans.
        The Master Servicer shall be entitled to enter into an agreement with a
        subservicer for indemnification of the Master Servicer by the subservicer
        and
        nothing contained in this Agreement shall be deemed to limit or modify such
        indemnification.

       

      Any
        subservicing agreement and any other transactions or services relating to
        the
        Mortgage Loans involving a subservicer shall be deemed to be between such
        subservicer and the Master Servicer alone, and the Trustee shall not have
        any
        obligations, duties or liabilities with respect to such subservicer including
        any obligation, duty or liability of the Trustee to pay such subservicer’s fees
        and expenses. Each subservicing agreement shall provide that such agreement
        may
        be assumed or terminated without cause or penalty by the Trustee or other
        Successor Master Servicer in the event the Master Servicer is terminated
        in
        accordance with this Agreement. For purposes of remittances to the Trustee
        pursuant to this Agreement, the Master Servicer shall be deemed to have received
        a payment on a Mortgage Loan when a subservicer has received such
        payment.

       

      Section
        3.04  Documents,
        Records and Funds in Possession of the Master Servicer To Be Held for
        Trustee. 

       

      Notwithstanding
        any other provisions of this Agreement, the Master Servicer shall transmit
        to
        the Trustee or the Custodian on behalf of the Trustee as required by this
        Agreement all documents and instruments in respect of a Mortgage Loan coming
        into the possession of the Master Servicer from time to time and shall account
        fully to the Trustee for any funds received by the Master Servicer or that
        otherwise are collected by the Master Servicer as Liquidation Proceeds,
        Insurance Proceeds or Subsequent Recoveries in respect of any such Mortgage
        Loan. All Mortgage Files and funds collected or held by, or under the control
        of, the Master Servicer in respect of any Mortgage Loans, whether from the
        collection of principal and interest payments or from Liquidation Proceeds
        or
        Subsequent Recoveries, including but not limited to, any funds on deposit
        in the
        Protected Account, shall be held by the Master Servicer for and on behalf
        of the
        Trustee and shall be and remain the sole and exclusive property of the Trustee,
        subject to the applicable provisions of this Agreement. The Master Servicer
        also
        agrees that it shall not create, incur or subject any Mortgage File or any
        funds
        that are deposited in the Protected Account or in any Escrow Account, or
        any
        funds that otherwise are or may become due or payable to the Trustee for
        the
        benefit of the Certificateholders, to any claim, lien, security interest,
        judgment, levy, writ of attachment or other encumbrance, or assert by legal
        action or otherwise any claim or right of set off against any Mortgage File
        or
        any funds collected on, or in connection with, a Mortgage Loan, except, however,
        that the Master Servicer shall be entitled to set off against and deduct
        from
        any such funds any amounts that are properly due and payable to the Master
        Servicer under this Agreement.

       

      Section
        3.05  Maintenance
        of Hazard Insurance. 

       

      The
        Master Servicer shall cause to be maintained, for each Mortgage Loan, hazard
        insurance on buildings upon, or comprising part of, the Mortgaged Property
        against loss by fire, hazards of extended coverage and such other hazards
        as are
        customary in the area where the related Mortgaged Property is located with
        an
        insurer which is licensed to do business in the state where the related
        Mortgaged Property is located. Each such policy of standard hazard insurance
        shall contain, or have an accompanying endorsement that contains, a standard
        mortgagee clause. The Master Servicer shall also cause flood insurance to
        be
        maintained on property acquired upon foreclosure or deed in lieu of foreclosure
        of any Mortgage Loan, to the extent described below. Pursuant to Section
        4.01,
        any amounts collected by the Master Servicer under any such policies (other
        than
        the amounts to be applied to the restoration or repair of the related Mortgaged
        Property or property thus acquired or amounts released to the Mortgagor in
        accordance with the Master Servicer’s normal servicing procedures) shall be
        deposited in the Protected Account. Any cost incurred by the Master Servicer
        in
        maintaining any such insurance shall not, for the purpose of calculating
        monthly
        distributions to the Certificateholders or remittances to the Trustee for
        their
        benefit, be added to the principal balance of the Mortgage Loan, notwithstanding
        that the terms of the Mortgage Loan so permit. Such costs shall be recoverable
        by the Master Servicer out of late payments by the related Mortgagor or out
        of
        Liquidation Proceeds to the extent permitted by Section 4.02. It is understood
        and agreed that no earthquake or other additional insurance is to be required
        of
        any Mortgagor or maintained on property acquired in respect of a Mortgage
        other
        than pursuant to such applicable laws and regulations as shall at any time
        be in
        force and as shall require such additional insurance. If the Mortgaged Property
        is located at the time of origination of the Mortgage Loan in a federally
        designated special flood hazard area and such area is participating in the
        national flood insurance program, the Master Servicer shall cause flood
        insurance to be maintained with respect to such Mortgage Loan. Such flood
        insurance shall be in an amount equal to the least of (i) the Stated Principal
        Balance of the related Mortgage Loan, (ii) minimum amount required to compensate
        for damage or loss on a replacement cost basis or (iii) the maximum amount
        of
        such insurance available for the related Mortgaged Property under the Flood
        Disaster Protection Act of 1973, as amended.

       

      In
        the
        event that the Master Servicer shall obtain and maintain a blanket policy
        insuring against hazard losses on all of the Mortgage Loans, it shall
        conclusively be deemed to have satisfied its obligations as set forth in
        the
        first sentence of this Section 3.05, it being understood and agreed that
        such
        policy may contain a deductible clause on terms substantially equivalent
        to
        those commercially available and maintained by comparable servicers. If such
        policy contains a deductible clause, the Master Servicer shall, in the event
        that there shall not have been maintained on the related Mortgaged Property
        a
        policy complying with the first sentence of this Section 3.05, and there
        shall
        have been a loss that would have been covered by such policy, deposit in
        the
        Protected Account the amount not otherwise payable under the blanket policy
        because of such deductible clause. Such deposit shall be from the Master
        Servicer’s own funds without reimbursement therefor. In connection with its
        activities as administrator and servicer of the Mortgage Loans, the Master
        Servicer agrees to present, on behalf of itself, the Depositor and the Trustee
        for the benefit of the Certificateholders claims under any such blanket
        policy.

       

      Section
        3.06  Presentment
        of Claims and Collection of Proceeds. 

       

      The
        Master Servicer shall prepare and present on behalf of the Trustee and the
        related Certificateholders all claims under the Insurance Policies and take
        such
        actions (including the negotiation, settlement, compromise or enforcement
        of the
        insured’s claim) as shall be necessary to realize recovery under such Insurance
        Policies. Any proceeds with respect to a Loan Group disbursed to the Master
        Servicer in respect of such Insurance Policies shall be promptly deposited
        in
        the Protected Account upon receipt, except that any amounts that are to be
        applied upon receipt to the repair or restoration of the related Mortgaged
        Property, which repair or restoration the owner of such Mortgaged Property
        or
        EMC, as applicable, has agreed to make as a condition precedent to the
        presentation of its claims on the Mortgage Loan under the applicable Insurance
        Policy, need not be so deposited (or remitted).

       

      Section
        3.07  Maintenance
        of the Primary Mortgage Insurance Policies. 

       

      (a)  The
        Master Servicer shall not take any action that would result in noncoverage
        under
        any applicable Primary Mortgage Insurance Policy of any loss which, but for
        the
        actions of the Master Servicer would have been covered thereunder. The Master
        Servicer shall use its best efforts to keep in force and effect (to the extent
        that the Mortgage Loan requires the Mortgagor to maintain such insurance),
        Primary Mortgage Insurance applicable to each Mortgage Loan. The Master Servicer
        shall not cancel or refuse to renew any such Primary Mortgage Insurance Policy
        that is in effect at the date of the initial issuance of the Mortgage Note
        and
        is required to be kept in force hereunder.

       

      (b)  The
        Master Servicer agrees to present on behalf of the Trustee, the
        Certificateholders claims to the insurer under any Primary Mortgage Insurance
        Policies and, in this regard, to take such reasonable action as shall be
        necessary to permit recovery under any Primary Mortgage Insurance Policies
        respecting defaulted Mortgage Loans. Pursuant to Section 4.01, any amounts
        collected by the Master Servicer under any Primary Mortgage Insurance Policies
        with respect to a Loan Group shall be deposited in the Protected Account
        with
        respect to such Loan Group, subject to withdrawal pursuant to Section 4.02
        hereof. 

       

      Section
        3.08  Fidelity
        Bond, Errors and Omissions Insurance. 

       

      The
        Master Servicer shall maintain, at its own expense, a blanket fidelity bond
        and
        an errors and omissions insurance policy, with broad coverage with responsible
        companies on all officers, employees or other persons acting in any capacity
        with regard to the Mortgage Loans and who handle funds, money, documents
        and
        papers relating to the Mortgage Loans. The fidelity bond and errors and
        omissions insurance shall be in the form of the Mortgage Banker’s Blanket Bond
        and shall protect and insure the Master Servicer against losses, including
        forgery, theft, embezzlement, fraud, errors and omissions and negligent acts
        of
        such persons. Such fidelity bond shall also protect and insure the Master
        Servicer against losses in connection with the failure to maintain any insurance
        policies required pursuant to this Agreement and the release or satisfaction
        of
        a Mortgage Loan which is not in accordance with Accepted Servicing Practices.
        No
        provision of this Section 3.08 requiring the fidelity bond and errors and
        omissions insurance shall diminish or relieve the Master Servicer from its
        duties and obligations as set forth in this Agreement. The minimum coverage
        under any such bond and insurance policy shall be at least equal to the
        corresponding amounts required by Accepted Servicing Practices. The Master
        Servicer shall deliver to the Trustee a certificate from the surety and the
        insurer as to the existence of the fidelity bond and errors and omissions
        insurance policy and shall obtain a statement from the surety and the insurer
        that such fidelity bond or insurance policy shall in no event be terminated
        or
        materially modified without thirty days prior written notice to the Trustee.
        The
        Master Servicer shall notify the Trustee within five business days of receipt
        of
        notice that such fidelity bond or insurance policy will be, or has been,
        materially modified or terminated. The Trustee for the benefit of the
        Certificateholders must be named as loss payees on the fidelity bond and
        as
        additional insured on the errors and omissions policy.

       

      Section
        3.09  Realization
        Upon Defaulted Mortgage Loans; Determination of Excess Liquidation Proceeds
        and
        Realized Losses; Repurchases of Certain Mortgage Loans. 

       

      (a)  The
        Master Servicer shall use reasonable efforts to foreclose upon or otherwise
        comparably convert the ownership of properties securing such of the Mortgage
        Loans as come into and continue in default and as to which no satisfactory
        arrangements can be made for collection of delinquent payments. In connection
        with such foreclosure or other conversion, the Master Servicer shall follow
        such
        practices and procedures as it shall deem necessary or advisable and as shall
        be
        normal and usual in its general mortgage servicing activities and the
        requirements of the insurer under any Required Insurance Policy; provided
        that
        the Master Servicer shall not be required to expend its own funds in connection
        with any foreclosure or towards the restoration of any property unless it
        shall
        determine (i) that such restoration and/or foreclosure will increase the
        proceeds of liquidation of the Mortgage Loan after reimbursement to itself
        of
        such expenses and (ii) that such expenses will be recoverable to it through
        Insurance Proceeds, Liquidation Proceeds (respecting which it shall have
        priority for purposes of withdrawals from the Protected Account pursuant
        to
        Section 4.02). If the Master Servicer reasonably believes that Liquidation
        Proceeds with respect to any such Mortgage Loan would not be increased as
        a
        result of such foreclosure or other action, such Mortgage Loan will be
        charged-off and will become a Liquidated Loan. The Master Servicer will give
        notice of any such charge-off to the Trustee. The Master Servicer shall be
        responsible for all other costs and expenses incurred by it in any such
        proceedings; provided that such costs and expenses shall be Servicing Advances
        and that it shall be entitled to reimbursement thereof from the proceeds
        of
        liquidation of the related Mortgaged Property from the related Loan Group,
        as
        contemplated in Section 4.02. If the Master Servicer has knowledge that a
        Mortgaged Property that the Master Servicer is contemplating acquiring in
        foreclosure or by deed- in-lieu of foreclosure is located within a one-mile
        radius of any site with environmental or hazardous waste risks known to the
        Master Servicer, the Master Servicer will, prior to acquiring the Mortgaged
        Property, consider such risks and only take action in accordance with its
        established environmental review procedures.

       

      With
        respect to any REO Property, the deed or certificate of sale shall be taken
        in
        the name of the Trustee for the benefit of the Certificateholders (or the
        Trustee’s nominee on behalf of the Certificateholders). The Trustee’s name shall
        be placed on the title to such REO Property solely as the Trustee hereunder
        and
        not in its individual capacity. The Master Servicer shall ensure that the
        title
        to such REO Property references this Agreement and the Trustee’s capacity
        hereunder. Pursuant to its efforts to sell such REO Property, the Master
        Servicer shall either itself or through an agent selected by the Master Servicer
        protect and conserve such REO Property in the same manner and to such extent
        as
        is customary in the locality where such REO Property is located and may,
        incident to its conservation and protection of the interests of the related
        Certificateholders, rent the same, or any part thereof, as the Master Servicer
        deems to be in the best interest of the Master Servicer and the related
        Certificateholders for the period prior to the sale of such REO Property.
        The
        Master Servicer shall prepare for and deliver to the Trustee a statement
        with
        respect to each REO Property that has been rented showing the aggregate rental
        income received and all expenses incurred in connection with the management
        and
        maintenance of such REO Property at such times as is necessary to enable
        the
        Trustee to comply with the reporting requirements of the REMIC Provisions.
        The
        net monthly rental income, if any, from such REO Property shall be deposited
        in
        the Protected Account with respect to the applicable Loan Group no later
        than
        the close of business on each Determination Date. The Master Servicer shall
        perform the tax reporting and withholding related to foreclosures, abandonments
        and cancellation of indebtedness income as specified by Sections 1445, 6050J
        and
        6050P of the Code by preparing and filing such tax and information returns,
        as
        may be required.

       

      In
        the
        event that the Trust Fund acquires any Mortgaged Property as aforesaid or
        otherwise in connection with a default or reasonably foreseeable default
        on a
        Mortgage Loan, the Master Servicer shall dispose of such Mortgaged Property
        prior to three years after its acquisition by the Trust Fund or, at the expense
        of the Trust Fund, request more than 60 days prior to the day on which such
        three-year period would otherwise expire, an extension of the three-year
        grace
        period unless the Trustee shall have been supplied with an Opinion of Counsel
        addressed to the Trustee (such opinion not to be an expense of the Trustee)
        to
        the effect that the holding by the Trust Fund of such Mortgaged Property
        subsequent to such three-year period will not result in the imposition of
        taxes
        on “prohibited transactions” of REMIC I, REMIC II, REMIC III, REMIC IV, REMIC V,
        REMIC VI, REMIC VII, REMIC VIII, REMIC IX or REMIC X as defined in Section
        860F
        of the Code or cause any of REMIC I, REMIC II, REMIC III, REMIC IV, REMIC
        V,
        REMIC VI, REMIC VII, REMIC VIII, REMIC IX or REMIC X to fail to qualify as
        a
        REMIC at any time that any Certificates are outstanding, in which case the
        Trust
        Fund may continue to hold such Mortgaged Property (subject to any conditions
        contained in such Opinion of Counsel). Notwithstanding any other provision
        of
        this Agreement, no Mortgaged Property acquired by the Trust Fund shall be
        rented
        (or allowed to continue to be rented) or otherwise used for the production
        of
        income by or on behalf of the Trust Fund in such a manner or pursuant to
        any
        terms that would (i) cause such Mortgaged Property to fail to qualify as
        “foreclosure property” within the meaning of Section 860G(a)(8) of the Code or
        (ii) subject any of REMIC I, REMIC II, REMIC III, REMIC IV, REMIC V, REMIC
        VI,
        REMIC VII, REMIC VIII, REMIC IX or REMIC X to the imposition of any federal,
        state or local income taxes on the income earned from such Mortgaged Property
        under Section 860G(c) of the Code or otherwise, unless the Master Servicer
        has
        agreed to indemnify and hold harmless the Trust Fund with respect to the
        imposition of any such taxes.

       

      The
        decision of the Master Servicer to foreclose on a defaulted Mortgage Loan
        shall
        be subject to a determination by the Master Servicer that the proceeds of
        such
        foreclosure would exceed the costs and expenses of bringing such a proceeding.
        The income earned from the management of any Mortgaged Properties acquired
        through foreclosure or other judicial proceeding, net of reimbursement to
        the
        Master Servicer for expenses incurred (including any property or other taxes)
        in
        connection with such management and net of unreimbursed Servicing Fees,
        Advances, Servicing Advances and any management fee paid or to be paid with
        respect to the management of such Mortgaged Property, shall be applied to
        the
        payment of principal of, and interest on, the related defaulted Mortgage
        Loans
        (with interest accruing as though such Mortgage Loans were still current)
        and
        all such income shall be deemed, for all purposes in the Agreement, to be
        payments on account of principal and interest on the related Mortgage Notes
        and
        shall be deposited into the Protected Account with respect to the related
        Loan
        Group. To the extent the income received during a Prepayment Period is in
        excess
        of the amount attributable to amortizing principal and accrued interest at
        the
        related Mortgage Rate on the related Mortgage Loan, such excess shall be
        considered to be a partial Principal Prepayment with respect to the related
        Loan
        Group for all purposes hereof.

       

      The
        Liquidation Proceeds with respect to each Loan Group from any liquidation
        of a
        related Mortgage Loan, net of any payment to the Master Servicer as provided
        above, shall be deposited in the Protected Account upon
        receipt and made available on
        the
        next succeeding Determination Date following receipt thereof for distribution
        on
        the related Distribution Date, except that any Excess Liquidation Proceeds
        with
        respect to each Loan Group shall be retained by the Master Servicer as
        additional servicing compensation.

       

      The
        proceeds of any Liquidated Loan from each Loan Group, as well as any recovery
        resulting from a partial collection of related Liquidation Proceeds or any
        income from a related REO Property, will be applied in the following order
        of
        priority: first, to reimburse the Master Servicer for any related unreimbursed
        Servicing Advances and Servicing Fees, pursuant to Section 4.02 or this Section
        3.09; second, to reimburse the Master Servicer for any unreimbursed Advances
        with respect to such Loan Group, pursuant to Section 4.02 or this Section
        3.09;
        third, to accrued and unpaid interest (to the extent no Advance has been
        made
        for such amount) on the Mortgage Loan or related REO Property, at the Net
        Mortgage Rate to the first day of the month in which such amounts are required
        to be distributed; and fourth, as a recovery of principal of the Mortgage
        Loan.

       

      (b)  On
        each
        Determination Date, the Master Servicer shall determine with respect to each
        Loan Group the respective aggregate amounts of Excess Liquidation Proceeds
        and
        Realized Losses, if any, for the preceding calendar month.

       

      (c)  The
        Master Servicer has no intent to foreclose on any Mortgage Loan based on
        the
        delinquency characteristics as of the Closing Date; provided, that the foregoing
        does not prevent the Master Servicer from initiating foreclosure proceedings
        on
        any date hereafter if the facts and circumstances of such Mortgage Loans
        including delinquency characteristics in the Master Servicer’s discretion so
        warrant such action.

       

      Section
        3.10  Servicing
        Compensation. 

       

      As
        compensation for its activities hereunder, the Master Servicer shall be entitled
        to retain or withdraw from the Protected Account out of each payment of interest
        on a Mortgage Loan included in the Trust Fund an amount equal to the Servicing
        Fee.

       

      Additional
        servicing compensation in the form of any Excess Liquidation Proceeds,
        assumption fees, late payment charges, all Prepayment Interest Excess on
        any
        Mortgage Loan, other ancillary income, all income and gain net of any losses
        realized from Permitted Investments with respect to funds in or credited
        to the
        Protected Account shall be retained by the Master Servicer to the extent
        not
        required to be deposited in the Protected Account pursuant to Section 4.02.
        The
        Master Servicer shall be required to pay all expenses incurred by it in
        connection with its servicing activities hereunder (including payment of
        any
        premiums for hazard insurance, as required by Section 3.05 and maintenance
        of
        the other forms of insurance coverage required by Section 3.07) and shall
        not be
        entitled to reimbursement therefor except as specifically provided in Section
        4.02.

       

      Section
        3.11  REO
        Property. 

       

      (a)  In
        the
        event the Trust Fund acquires ownership of any REO Property in respect of
        any
        related Mortgage Loan, the deed or certificate of sale shall be issued to
        the
        Trustee, or to its nominee, on behalf of the related Certificateholders.
        The
        Master Servicer shall sell any REO Property as expeditiously as possible
        and in
        accordance with the provisions of this Agreement. Pursuant to its efforts
        to
        sell such REO Property, the Master Servicer shall protect and conserve such
        REO
        Property in the manner and to the extent required herein, in accordance with
        the
        REMIC Provisions.

       

      (b)  The
        Master Servicer shall deposit all funds with respect to each Loan Group
        collected and received in connection with the operation of any REO Property
        into
        the Protected Account.

       

      (c)  The
        Master Servicer, upon the final disposition of any REO Property, shall be
        entitled to reimbursement from such Loan Group for any related unreimbursed
        Advances, unreimbursed Servicing Advances or Servicing Fees from Liquidation
        Proceeds received in connection with the final disposition of such REO Property;
        provided, that any such unreimbursed Advances or Servicing Fees as well as
        any
        unpaid Servicing Fees may be reimbursed or paid, as the case may be, prior
        to
        final disposition, out of any net rental income or other net amounts derived
        from such REO Property.

       

      Section
        3.12  Liquidation
        Reports. 

       

      Upon
        the
        foreclosure of any Mortgaged Property or the acquisition thereof by the Trust
        Fund pursuant to a deed-in-lieu of foreclosure, the Master Servicer shall
        submit
        a liquidation report to the Trustee containing such information as shall
        be
        mutually acceptable to the Master Servicer and the Trustee with respect to
        such
        Mortgaged Property.

       

      Section
        3.13  Annual
        Statement as to Compliance. 

       

      The
        Master Servicer and the Trustee shall deliver to the Master Servicer, the
        Depositor and the Trustee, not later than March 15th
        of each
        calendar year beginning in 2007, an Officer’s Certificate (an “Annual Statement
        of Compliance”) stating, as to each signatory thereof, that (i) a review of the
        activities of each such party during the preceding calendar year and of its
        performance under this Agreement has been made under such officer’s supervision
        and (ii) to the best of such officer’s knowledge, based on such review, each
        such party has fulfilled all of its obligations under this Agreement in all
        material respects throughout such year or, if there has been a failure to
        fulfill any such obligation in any material respect, specifying each such
        failure known to such officer and the nature and status thereof. Such Annual
        Statement of Compliance shall contain no restrictions or limitations on its
        use.
        In the event that the Master Servicer or the Trustee has delegated any servicing
        responsibilities with respect to the Mortgage Loans to a subservicer or
        subcontractor, such servicer or subcontractor shall be directed by such
        delegating party to deliver a similar Annual Statement of Compliance by such
        subservicer or subcontractor to the Master Servicer, the Depositor and the
        Trustee as described above as and when required with respect to the Master
        Servicer and the Trustee.

       

      Failure
        of the Master Servicer to comply with this Section 3.13 (including
        with respect to the time frames required in this Section)
        shall be
        deemed an Event of Default with respect to such party, and the Trustee at
        the
        direction of the Depositor shall, in addition to whatever rights the Trustee
        may
        have under this Agreement and at law or in equity or to damages, including
        injunctive relief and specific performance, upon notice, immediately terminate
        all the rights and obligations of the Master Servicer under this Agreement
        and
        in and to the Mortgage Loans and the proceeds thereof without compensating
        the
        Master Servicer for the same. Failure of the Trustee to comply with this
        Section
        3.13 (including with respect to the time frames required in this Section)
        which
        failure results in a failure to timely file the Form 10-K shall be deemed
        a
        default which may result in the termination of the Trustee pursuant to Section
        9.08 of this Agreement and the Depositor may, in addition to whatever rights
        the
        Depositor may have under this Agreement and at law or in equity or to damages,
        including injunctive relief and specific performance, upon notice immediately
        terminate all of the rights and obligations of the Trustee under this Agreement
        and in and to the Mortgage Loans and the proceeds thereof without compensating
        the Trustee for the same. This paragraph shall supersede any other provision
        in
        this Agreement or any other agreement to the contrary.

       

      In
        the
        event the Master Servicer, the Trustee or any subservicer or subcontractor
        engaged by either such party is terminated or resigns pursuant to the terms
        of
        the Agreement, or any other applicable agreement in the case of a subservicer
        or
        subcontractor, as the case may be, such party shall provide an Annual Statement
        of Compliance pursuant to this Section 3.13 or to the related section of
        such
        other applicable agreement, as the case may be, as to the performance of
        its
        obligations with respect to the period of time it was subject to this Agreement
        or any other applicable agreement, as the case may be notwithstanding any
        such
        termination or resignation.

       

      Section
        3.14  Assessments
        of Compliance and Attestation Reports. 

       

      The
        Master Servicer shall service and administer the Mortgage Loans in accordance
        with all applicable requirements of the Servicing Criteria. Pursuant to Rules
        13a-18 and 15d-18 of the Exchange Act and Item 1122 of Regulation AB, each
        of
        the Master Servicer, the Trustee and the Custodian (each, an “Attesting Party”)
        at its own expense shall deliver to the Trustee, the Master Servicer and
        the
        Depositor on or before March 15th
        of
        each
        calendar year beginning in 2007, a report signed by an authorized officer
        of
        such party regarding such Attesting Party’s assessment of compliance (an
“Assessment of Compliance”) with the Servicing Criteria during the preceding
        calendar year. The Assessment of Compliance, as set forth in Regulation AB,
        must
        contain the following:

       

      (a)  A
        statement by such officer of its responsibility for assessing compliance
        with
        the Servicing Criteria applicable to the related Attesting Party;

       

      (b)  A
        statement by such officer that such Attesting Party used the Servicing Criteria
        attached as Exhibit P hereto, and which will also be attached to the Assessment
        of Compliance, to assess compliance with the Servicing Criteria applicable
        to
        the related Attesting Party;

       

      (c)  An
        assessment by such officer of the related Attesting Party’s compliance with the
        applicable Servicing Criteria for the period consisting of the preceding
        calendar year, including disclosure of any material instance of noncompliance
        with respect thereto during such period, which assessment shall be based
        on the
        activities such Attesting Party performs with respect to asset-backed securities
        transactions taken as a whole involving the related Attesting Party, that
        are
        backed by the same asset type as the Mortgage Loans;

       

      (d)  A
        statement that a registered public accounting firm has issued an attestation
        report on the related Attesting Party’s Assessment of Compliance for the period
        consisting of the preceding calendar year; and

       

      (e)  A
        statement as to which of the Servicing Criteria, if any, are not applicable
        to
        such Attesting Party, which statement shall be based on the activities such
        Attesting Party performs with respect to asset-backed securities transactions
        taken as a whole involving such Attesting Party, that are backed by the same
        asset type as the Mortgage Loans.

       

      Such
        report at a minimum shall address each of the Servicing Criteria specified
        on
        Exhibit P hereto which are indicated as applicable to the related Attesting
        Party.

       

      Notwithstanding
        the foregoing, as to the Trustee and any Custodian, an Assessment of Compliance
        is not required to be delivered unless it is required as part of a Form 10-K
        with respect to the Trust Fund.

       

      On
        or
        before March 15th of each calendar year beginning in 2007, each Attesting
        Party
        shall furnish to the Master Servicer, the Depositor and the Trustee a report
        (an
“Attestation Report”) by a registered public accounting firm that attests to,
        and reports on, the Assessment of Compliance made by the related Attesting
        Party, as required by Rules 13a-18 and 15d-18 of the Exchange Act and Item
        1122(b) of Regulation AB, which Attestation Report must be made in accordance
        with standards for attestation reports issued or adopted by the Public Company
        Accounting Oversight Board. 

       

      The
        Master Servicer shall cause any subservicer and each subcontractor determined
        by
        it to be “participating in the servicing function” within the meaning of Item
        1122 of Regulation AB, to deliver to the Trustee, the Master Servicer and
        the
        Depositor an Assessment of Compliance and Attestation Report as and when
        provided above along with an indication of what Servicing Criteria are addressed
        in such assessment.

       

      The
        Trustee shall confirm that the assessments, taken as a whole, address all
        of the
        Servicing Criteria and taken individually address the Servicing Criteria
        for
        each party as set forth on Exhibit P and notify the Depositor of any exceptions.
        Notwithstanding the foregoing, as to any subcontractor (as defined in the
        related servicing agreement), an Assessment of Compliance is not required
        to be
        delivered unless it is required as part of a Form 10-K with respect to the
        Trust
        Fund.

       

      In
        addition, for the avoidance of doubt and without duplication, the Master
        Servicer shall (and shall cause each subservicer engaged by it to) provide
        to
        the Depositor and the Trustee information concerning the following: (A) any
        Event of Default hereunder and any subservicer event of default under the
        terms
        of the related Subservicing Agreement, (B) any merger, consolidation or sale
        of
        substantially all of the assets of the Master Servicer or, to the best of
        the
        Master Servicer’s knowledge, any such subservicer, and (C) the Master Servicer’s
        entry into an agreement with a subservicer to perform or assist in the
        performance of any of the Master Servicer’s obligations. 

       

      In
        addition, the Master Servicer shall cause each subservicer engaged by it
        to
        provide the following information to the Depositor and the Trustee, to the
        extent applicable, within the timeframes that the Master Servicer would
        otherwise have to provide such information:

       

      (A) any
        material modifications, extensions or waivers of pool asset terms, fees,
        penalties or payments during the distribution period or that have cumulatively
        become material over time (Item 1121(a)(11) of Regulation AB);

       

      (B) information
        regarding material breaches of pool asset representations or warranties or
        transaction covenants (Item 1121(a)(12) of Regulation AB); and

       

      (C) information
        regarding new asset-backed securities issuances backed by the same pool assets,
        any pool asset changes (such as, additions, substitutions or repurchases),
        and
        any material changes in origination, underwriting or other criteria for
        acquisition or selection of pool assets (Item 1121(a)(14) of Regulation
        AB).

       

      Failure
        of the Master Servicer to comply with this Section 3.14 (including with respect
        to the time frames required in this Section) shall be deemed an Event of
        Default, and the Trustee at the direction of the Depositor shall, in addition
        to
        whatever rights the Trustee may have under this Agreement and at law or in
        equity or to damages, including injunctive relief and specific performance,
        upon
        notice immediately terminate all the rights and obligations of the Master
        Servicer under this Agreement and in and to the Mortgage Loans and the proceeds
        thereof without compensating the Master Servicer for the same. Failure of
        the
        Trustee to comply with this Section 3.14 (including with respect to the time
        frames required in this Section) which failure results in a failure to timely
        file the Form 10-K shall be deemed a default which may result in the termination
        of the Trustee pursuant to Section 9.08 of this Agreement and the Depositor
        may,
        in addition to whatever rights the Depositor may have under this Agreement
        and
        at law or in equity or to damages, including injunctive relief and specific
        performance, upon notice immediately terminate all of the rights and obligations
        of the Trustee under this Agreement and in and to the Mortgage Loans and
        the
        proceeds thereof without compensating the Trustee for the same. This paragraph
        shall supersede any other provision in this Agreement or any other agreement
        to
        the contrary.

       

      In
        the
        event the Master Servicer, the Custodian, the Trustee or any subservicer
        or
        subcontractor engaged by any such party is terminated, assigns its rights
        and
        obligations under, or resigns pursuant to, the terms of the Agreement, the
        related Custodial Agreement, or any other applicable agreement in the case
        of a
        subservicer or subcontractor, as the case may be, such party shall provide
        an
        Assessment of Compliance and cause to be provided an Attestation Report pursuant
        to this Section 3.14 or to the related section of such other applicable
        agreement, as the case may be, notwithstanding any such termination, assignment
        or resignation.

       

      Section
        3.15  Books
        and Records. 

       

      The
        Master Servicer shall be responsible for maintaining, and shall maintain,
        a
        complete set of books and records for the Mortgage Loans which shall be
        appropriately identified in the Master Servicer’s computer system to clearly
        reflect the ownership of the Mortgage Loans by the Trust. In particular,
        the
        Master Servicer shall maintain in its possession, available for inspection
        by
        the Trustee and shall deliver to the Trustee upon demand, evidence of compliance
        with all federal, state and local laws, rules and regulations. To the extent
        that original documents are not required for purposes of realization of
        Liquidation Proceeds or Insurance Proceeds, documents maintained by the Master
        Servicer may be in the form of microfilm or microfiche or such other reliable
        means of recreating original documents, including, but not limited to, optical
        imagery techniques so long as the Master Servicer complies with the requirements
        of Accepted Servicing Practices.

       

      The
        Master Servicer shall maintain with respect to each Mortgage Loan and shall
        make
        available for inspection by the Trustee the related servicing file during
        the
        time such Mortgage Loan is subject to this Agreement and thereafter in
        accordance with applicable law.

       

      Payments
        on the Mortgage Loans, including any payoffs, made in accordance with the
        related Mortgage File will be entered in the Master Servicer’s set of books and
        records no more than two Business Days after receipt and identification,
        and
        allocated to principal or interest as specified in the related Mortgage
        File.

       

      Section
        3.16  Reports
        Filed with Securities and Exchange Commission. 

       

      (a)  (i)Within
        15
        days after each Distribution Date (subject to permitted exceptions under
        the
        Exchange Act), the Trustee shall, in accordance with industry standards,
        prepare
        and file with the Commission via the Electronic Data Gathering and Retrieval
        System (“EDGAR”), a Form 10-D, signed by the Master Servicer, with a copy of the
        Monthly Statement to be furnished by the Trustee to the Certificateholders
        for
        such Distribution Date attached thereto; provided that the Trustee shall
        have
        received no later than seven (7) calendar days after the related Distribution
        Date, all information required to be provided to the Trustee as described
        in
        clause (a)(ii) below. Any disclosure in addition to the Monthly Statement
        that
        is required to be included on Form 10-D (“Additional Form 10-D Disclosure”)
shall
        be
        reported by the parties set forth on Exhibit Q to the Trustee and the Depositor
        and approved by the Depositor pursuant to the paragraph immediately below,
        and
        the Trustee will have no duty or liability for any failure hereunder to
        determine or prepare any Additional Form 10-D Disclosure absent such reporting
        (other than with respect to when it is the reporting party as set forth in
        Exhibit Q) and approval.

       

      (ii)  (A)
        Within seven (7) calendar days after the related Distribution Date, (i) the
        parties set forth in Exhibit Q shall be required to provide, pursuant to
        section
        3.16(a)(iv) below, to the Trustee and the Depositor, to the extent known,
        in
        EDGAR-compatible format, or in such other format as otherwise agreed upon
        by the
        Trustee and the Depositor and such party, the form and substance of any
        Additional Form 10-D Disclosure, if applicable, and (ii) the Depositor will
        approve, as to form and substance, or disapprove, as the case may be, the
        inclusion of the Additional Form 10-D Disclosure on Form 10-D. The
        Trustee has no duty under this Agreement to monitor or enforce the performance
        by the parties listed on Exhibit Q of their duties under this paragraph or
        proactively solicit or procure from such parties any Additional Form 10-D
        Disclosure information. The Depositor will be responsible for any reasonable
        out-of-pocket expenses incurred by the Trustee in
        connection with including any Additional Form 10-D Disclosure on Form 10-D
        pursuant to this Section.
        

       

      (B)  After
        preparing the Form 10-D, the Trustee shall forward electronically a draft
        copy
        of the Form 10-D to the Depositor and the Master Servicer for review. No
        later
        than two (2) Business Days prior to the 15th calendar day after the related
        Distribution Date, a duly authorized officer of the Master Servicer shall
        sign
        the Form 10-D and return an electronic or fax copy of such signed Form 10-D
        (with an original executed hard copy to follow by overnight mail) to the
        Trustee. If a Form 10-D cannot be filed on time or if a previously filed
        Form
        10-D needs to be amended, the Trustee will follow the procedures set forth
        in
        Section 3.16(a)(v). Promptly (but no later than one (1) Business Day) after
        filing with the Commission, the Trustee will make available on its internet
        website identified in Section 5.06 a final executed copy of each Form 10-D.
        The
        signing party at the Master Servicer can be contacted at 972-444-2828. Form
        10-D
        requires the registrant to indicate (by checking "yes" or "no") that it (1)
        has
        filed all reports required to be filed by Section 13 or 15(d) of the Exchange
        Act during the preceding 12 months (or for such shorter period that the
        registrant was required to file such reports), and (2) has been subject to
        such
        filing requirements for the past 90 days. The Depositor shall notify the
        Trustee
        in writing, no later than the fifth calendar day after the related Distribution
        Date with respect to the filing of a report on Form 10-D, if the answer to
        either question should be "no." The Trustee shall be entitled to rely on
        the
        Depositor’s representations in Section 2.04(vi) in preparing and/or filing any
        such Form 10-D. The parties to this Agreement acknowledge that the performance
        by the Trustee of its duties under Sections 3.16(a)(i) and (v) related to
        the
        timely preparation and filing of Form 10-D is contingent upon such parties
        strictly observing all applicable deadlines in the performance of their duties
        under such Sections. It is understood by the parties hereto that the performance
        by the Trustee of its duties under this Section 3.16(a)(ii) related to the
        timely preparation, execution and filing of Form 10-D is also contingent
        upon
        the Custodian and any subservicers or subcontractors strictly observing
        deadlines no later than those set forth in this paragraph that are applicable
        to
        the parties to this Agreement in the delivery to the Trustee of any necessary
        Additional Form 10-D Disclosure pursuant to the Custodial Agreement or any
        other
        applicable agreement. The Trustee shall have no liability for any loss, expense,
        damage or claim arising out of or with respect to any failure to properly
        prepare and/or timely file such Form 10-D, where such failure results from
        the
        failure of any party hereto to deliver on a timely basis, any information
        needed
        by the Trustee to prepare, arrange for execution or file such Form
        10-D. 

       

      (iii)  (A)
        Within four (4) Business Days after the occurrence of an event requiring
        disclosure on Form 8-K (each such event, a “Reportable Event”), the Trustee
        shall prepare and file, on behalf of the Trust, at the direction of the
        Depositor, any Form 8-K, as required by the Exchange Act; provided that,
        the
        Depositor shall file the initial Form 8-K in connection with the issuance
        of the
        Certificates. Any disclosure or information related to a Reportable Event
        or
        that is otherwise required to be included on Form 8-K (“Form 8-K Disclosure
        Information”) shall be, pursuant to the paragraph immediately below, reported by
        the parties set forth on Exhibit Q to the Trustee and the Depositor and directed
        and approved by the Depositor pursuant to the following paragraph, and the
        Trustee will have no duty or liability for any failure hereunder to determine
        or
        prepare any Additional Form 8-K Disclosure absent such reporting (other than
        with respect to when it is the reporting party as set forth in Exhibit Q)
        and
        approval.

       

      (B)  For
        so
        long as the Trust is subject to the Exchange Act reporting requirements,
        (i) no
        later than 12:00 p.m. New York City time on the 2nd Business Day after the
        occurrence of a Reportable Event the parties set forth in Exhibit Q shall
        be
        required pursuant to Section 3.16(a)(iv) below to provide to the Trustee
        and the
        Depositor, to the extent known, in EDGAR-compatible format, or in such other
        form as otherwise agreed upon by the Trustee and the Depositor and such party,
        the form and substance of any Form 8-K Disclosure Information, if applicable,
        and (ii) the Depositor will approve, as to form and substance, or disapprove,
        as
        the case may be, the inclusion of the Form 8-K Disclosure Information on
        Form
        8-K. The Trustee has no duty under this Agreement to monitor or enforce the
        performance by the other parties listed on Exhibit Q of their duties under
        this
        paragraph or to proactively solicit or procure from such parties any Additional
        Form 8-K Disclosure Information. The Depositor will be responsible for any
        reasonable out-of-pocket expenses incurred by the Trustee in connection with
        including any Form 8-K Disclosure Information on Form 8-K pursuant to this
        Section. 

       

      (C)  After
        preparing the Form 8-K, the Trustee shall forward electronically a draft
        copy of
        the Form 8-K to the Depositor and the Master Servicer for review. No later
        than
        the end of business New York City time on the 3rd Business Day after the
        Reportable Event, a duly authorized officer of the Master Servicer shall
        sign
        the Form 8-K and return an electronic or fax copy of such signed Form 8-K
        (with
        an original executed hard copy to follow by overnight mail) to the Trustee.
        If a
        Form 8-K cannot be filed on time or if a previously filed Form 8-K needs
        to be
        amended, the Trustee will follow the procedures set forth in Section 3.16(a)(v).
        Promptly (but no later than one (1) Business Day) after filing with the
        Commission, the Trustee will, make available on its internet website identified
        in Section 5.06 a final executed copy of each Form 8-K. The signing party
        at the
        Master Servicer can be contacted at 972-444-2828. The parties to this Agreement
        acknowledge that the performance by the Trustee of its duties under this
        Section
        3.16(a)(iii) related to the timely preparation and filing of Form 8-K is
        contingent upon such parties strictly observing all applicable deadlines
        in the
        performance of their duties under this Section 3.16(a)(iii). It is understood
        by
        the parties hereto that the performance by the Trustee of its duties under
        this
        Section 3.16(a)(iii) related to the timely preparation, execution and filing
        of
        Form 8-K is also contingent upon the Custodian and any subservicers or
        subcontractors strictly observing deadlines no later than those set forth
        in
        this paragraph that are applicable to the parties to this Agreement in the
        delivery to the Trustee of any necessary Form 8-K Disclosure Information
        pursuant to the Custodial Agreement or any other applicable agreement. The
        Trustee shall have no liability for any loss, expense, damage or claim arising
        out of or with respect to any failure to properly prepare and/or timely file
        such Form 8-K, where such failure results from the failure of any party hereto
        to deliver on a timely basis, any information needed by the Trustee to prepare,
        arrange for execution or file such Form 8-K. 

       

      (D)  On
        or
        prior to the 90th day after the end of each fiscal year of the Trust or such
        earlier date as may be required by the Exchange Act (the “10-K Filing Deadline”)
        (it being understood that the fiscal year for the Trust ends on December
        31st of
        each year), commencing in March 2007, the Trustee shall prepare and file
        on
        behalf of the Trust a Form 10-K, in form and substance as required by the
        Exchange Act. Each such Form 10-K shall include the following items, in each
        case to the extent they have been delivered to the Trustee within the applicable
        time frames set forth in this Agreement, (I) an Annual Statement of Compliance
        for the Trustee, Master Servicer and any subservicer, as described under
        Section
        3.13, (II)(A) the Assessment of Compliance with Servicing Criteria for the
        Master Servicer and each subservicer and subcontractor participating in the
        servicing function, the Trustee and the Custodian, as described under Section
        3.14, and (B) if the Assessment of Compliance of the Master Servicer, the
        Trustee or the Custodian described under Section 3.14 identifies any material
        instance of noncompliance, disclosure identifying such instance of
        noncompliance, or if the Assessment of Compliance of the Master Servicer,
        the
        Trustee or the Custodian described under Section 3.14 is not included as
        an
        exhibit to such Form 10-K, disclosure that such report is not included and
        an
        explanation why such report is not included, (III)(A) the registered public
        accounting firm Attestation Report for the Master Servicer, the Trustee and
        the
        Custodian, as described under Section 3.14, and (B) if any registered public
        accounting firm Attestation Report described under Section 3.14 identifies
        any
        material instance of noncompliance, disclosure identifying such instance
        of
        noncompliance, or if any such registered public accounting firm Attestation
        Report is not included as an exhibit to such Form 10-K, disclosure that such
        report is not included and an explanation why such report is not included,
        and
        (IV) a Sarbanes-Oxley Certification (“Sarbanes-Oxley Certification”) as
        described in this Section 3.16 (a)(iii)(D) below. Any disclosure or information
        in addition to (I) through (IV) above that is required to be included on
        Form
        10-K (“Additional Form 10-K Disclosure”) shall be reported by the parties set
        forth on Exhibit Q to the Trustee and the Depositor and, pursuant to the
        paragraph immediately below, approved by the Depositor, and the Trustee will
        have no duty or liability for any failure hereunder to determine or prepare
        any
        Additional Form 10-K Disclosure absent such reporting (other than with respect
        to when it is the reporting party as set forth in Exhibit Q) and
        approval.

       

      (E)  No
        later
        than March 15th of each year that the Trust is subject to the Exchange Act
        reporting requirements, commencing in 2007, (i) the parties set forth in
        Exhibit
        Q shall be required to provide pursuant to Section 3.16(a)(iv) below to the
        Trustee and the Depositor, to the extent known, in EDGAR-compatible format,
        or
        in such other format as otherwise agreed upon by the Trustee and the Depositor
        and such party, the form and substance of any Additional Form 10-K Disclosure,
        if applicable, and (ii) the Depositor will approve, as to form and substance,
        or
        disapprove, as the case may be, the inclusion of the Additional Form 10-K
        Disclosure on Form 10-K. The Trustee has no duty under this Agreement to
        monitor
        or enforce the performance by the other parties listed on Exhibit Q of their
        duties under this paragraph or to proactively solicit or procure from such
        parties any Additional Form 10-K Disclosure information. The Depositor will
        be
        responsible for any reasonable out-of-pocket expenses incurred by the Trustee
        in
        connection with including any Form 10-K Disclosure Information on Form 10-K
        pursuant to this Section.

       

      (F)  After
        preparing the Form 10-K, the Trustee shall forward electronically a draft
        copy
        of the Form 10-K to the Depositor and the Master Servicer for review. Form
        10-K
        requires the registrant to indicate (by checking "yes" or "no") that it (1)
        has
        filed all reports required to be filed by Section 13 or 15(d) of the Exchange
        Act during the preceding 12 months (or for such shorter period that the
        registrant was required to file such reports), and (2) has been subject to
        such
        filing requirements for the past 90 days. The Depositor shall notify the
        Trustee
        in writing, no later than the fifteenth calendar day of March in any year
        in
        which the Trust is subject to the reporting requirements of the Exchange
        Act, if
        the answer to either question should be "no." The Trustee shall be entitled
        to
        rely on the Depositor’s representations in Section 2.04(vi) in preparing and/or
        filing any such Form 10-K. No
        later
        than 12:00 p.m. New York City time on the 4th Business Day prior to the 10-K
        Filing Deadline, a senior officer of the Master Servicer in charge of the
        servicing function shall sign the Form 10-K and return an electronic or fax
        copy
        of such signed Form 10-K (with an original executed hard copy to follow by
        overnight mail) to the Trustee. If a Form 10-K cannot be filed on time or if a
        previously filed Form 10-K needs to be amended, the Trustee will follow the
        procedures set forth in Section 3.16(a)(v). Promptly (but no later than one
        (1)
        Business Day) after filing with the Commission, the Trustee will make available
        on its internet website identified in Section 5.06 a final executed copy
        of each
        Form 10-K. The signing party at the Master Servicer can be contacted at
        972-444-2828. The parties to this Agreement acknowledge that the performance
        by
        the Trustee of its duties under Section 3.16(a)(iv) related to the timely
        preparation and filing of Form 10-K is contingent upon such parties strictly
        observing all applicable deadlines in the performance of their duties under
        Section 3.13 and Section 3.14. It is understood by the parties hereto that
        the
        performance by the Trustee of its duties under this Section 3.16(a)(iii)
        related
        to the timely preparation, execution and filing of Form 10-K is also contingent
        upon the Custodian and any subservicer or subcontractor strictly observing
        deadlines no later than those set forth in this paragraph that are applicable
        to
        the parties to this Agreement in the delivery to the Trustee of any necessary
        Additional Form 10-K Disclosure, any annual statement of compliance and any
        assessment of compliance and attestation pursuant to the Custodial Agreement
        or
        any other applicable agreement. The Trustee shall have no liability for any
        loss, expense, damage or claim arising out of or with respect to any failure
        to
        properly prepare and/or timely file such Form 10-K, where such failure results
        from the failure of any party hereto to deliver on a timely basis, any
        information needed by the Trustee to prepare, arrange for execution or file
        such
        Form 10-K. 

       

      (G)  Each
        Form
        10-K shall include a certification (the “Sarbanes-Oxley Certification”) required
        to be included therewith pursuant to the Sarbanes-Oxley Act. The Trustee
        shall,
        and the Master Servicer shall cause any subservicer or subcontractor engaged
        by
        it to, provide to the Person who signs the Sarbanes-Oxley Certification (the
        “Certifying Person”), by March 15 of each year in which the Trust is subject to
        the reporting requirements of the Exchange Act and otherwise within a reasonable
        period of time upon request, a certification (each, a “Back-Up Certification”),
        in the form attached hereto as Exhibit K, upon which the Certifying Person,
        the
        entity for which the Certifying Person acts as an officer, and such entity’s
        officers, directors and Affiliates (collectively with the Certifying Person,
        “Certification Parties”) can reasonably rely; provided, however, that the
        Trustee shall not be required to undertake an analysis of any accountant’s
        report attached as an exhibit to the Form 10-K. The senior officer of the
        Master
        Servicer shall serve as the Certifying Person on behalf of the Trust. Such
        officer of the Certifying Person can be contacted at 972-444-2828. 

       

      In
        the
        event the Trustee is terminated or resigns pursuant to the terms of this
        Agreement or any subcontractor or subservicer is terminated pursuant to the
        related servicing agreement, the Trustee, subcontractor or subservicer, as
        applicable, shall provide a Back-Up Certification to the Certifying Person
        pursuant to this Section 3.16(a)(iii) with respect to the period of time
        it was
        subject to this Agreement or the related servicing agreement, as
        applicable.

       

      (iv)  With
        respect to any Additional Form 10-D Disclosure, Additional Form 10-K Disclosure
        or any Form 8-K Disclosure Information (collectively, the “Additional
        Disclosure”) relating to the Trust Fund in the form attached hereto as Exhibit
        R, the Trustee’s obligation to include such Additional Information in the
        applicable Exchange Act report is subject to receipt from the entity that
        is
        indicated in Exhibit Q as the responsible party for providing that information,
        if other than the Trustee, as and when required as described in Section
        3.16(a)(i) through (iii) above. Each of the Master Servicer, Seller, and
        Depositor hereby agree to notify and provide (to the extent known) to the
        Trustee and the Depositor all Additional Disclosure relating to the Trust
        Fund,
        with respect to which such party is indicated in Exhibit Q as the responsible
        party for providing that information. Within
        five Business Days prior to each Distribution Date occurring in any year
        that
        the Trust is subject to the Exchange Act reporting requirements, the Depositor
        shall make available to the Trustee the related Significance Estimate and
        the
        Trustee shall use such information to calculate the related Significance
        Percentage. The
        Trustee shall provide the Significance Percentage to the Depositor by the
        later
        of the Distribution Date or three (3) Business Days after the receipt of
        the
        Significance Estimate from the Depositor. If the Significance Percentage
        meets
        either of the threshold levels detailed in Item 1115(b)(1) or 1115(b)(2)
        of
        Regulation AB, the Trustee shall deliver written notification to the Depositor
        and the related Swap Provider to that effect. The
        Trustee shall request from the Depositor and the Depositor shall deliver
        to the
        Trustee any information that the related Swap Provider delivered to the
        Depositor as required under Regulation AB, to the extent required under the
        related Swap Agreement. The Depositor shall be obligated to provide to the
        Trustee (no later than, in the case of Form 10-D, the seventh calendar day
        after
        the Distribution Date and in the case of Form 10-K, March 15th
        in any
        year in which a Form 10-K is filed for the Trust) any information that may
        be
        required to be included in any Form 10-D, Form 8-K or Form 10-K or written
        notification instructing the Trustee that such Additional Disclosure regarding
        the related Swap Provider is not necessary for such Distribution Date.
The
        Master Servicer shall be responsible for determining the pool concentration
        applicable to any subservicer or originator at any time.

       

      (v)  (A)
        On or
        prior to January 30 of the first year in which the Trustee is able to do
        so
        under applicable law, the Trustee shall file a Form 15 relating to the automatic
        suspension of reporting in respect of the Trust under the Exchange Act.

       

      (B)  In
        the
        event that the Trustee is unable to timely file with the Commission all or
        any
        required portion of any Forms 8-K, 10-D or 10-K required to be filed by this
        Agreement because required disclosure information was either not delivered
        to it
        or delivered to it after the delivery deadlines set forth in this Agreement
        or
        for any other reason, the Trustee will immediately notify the Depositor and
        the
        Master Servicer. In the case of Forms 10-D and 10-K, the Depositor, Master
        Servicer and Trustee will cooperate to prepare and file a Form 12b-25 and
        a
        10-D/A and 10-K/A as applicable, pursuant to Rule 12b-25 of the Exchange
        Act. In
        the case of Form 8-K, the Trustee will, upon receipt of all required Form
        8-K
        Disclosure Information and upon the approval and direction of the Depositor,
        include such disclosure information on the next Form 10-D. In the event that
        any
        previously filed Forms 8-K, 10-D or 10-K needs to be amended, the Trustee
        will
        notify the Depositor and the Master Servicer and such parties will cooperate
        to
        prepare any necessary 8-K/A, 10-D/A or 10-K/A. Any Form 15, Form 12b-25 or
        any
        amendment to Forms 8-K, 10-D or 10-K shall be signed by a senior officer
        of the
        Master Servicer. The Depositor and Master Servicer acknowledge that the
        performance by the Trustee of its duties under this Section 3.16(a)(vi) related
        to the timely preparation and filing of Form 15, a Form 12b-25 or any amendment
        to Forms 8-K, 10-D or 10-K is contingent upon the Master Servicer and the
        Depositor performing their duties under this Section. The Trustee shall have
        no
        liability for any loss, expense, damage, claim arising out of or with respect
        to
        any failure to properly prepare and/or timely file any such Form 15, Form
        12b-25
        or any amendments to Forms 8-K, 10-D or 10-K, where such failure results
        from
        the failure of any party hereto to deliver on a timely basis, any information
        needed by the Trustee to prepare, arrange for execution or file such Form
        15,
        Form 12b-25 or any amendments to Forms 8-K, 10-D or 10-K.

       

      The
        Depositor agrees to promptly furnish to the Trustee, from time to time upon
        request, such further information, reports and financial statements within
        its
        control related to this Agreement and the Mortgage Loans as the Trustee
        reasonably deems appropriate to prepare and file all necessary reports with
        the
        Commission. The Trustee shall have no responsibility to file any items other
        than those specified in this Section 3.16; provided, however, the Trustee
        shall
        cooperate with the Depositor in connection with any additional filings with
        respect to the Trust Fund as the Depositor deems necessary under the Exchange
        Act. Copies of all reports filed by the Trustee under the Exchange Act shall
        be
        sent to: the Depositor c/o Bear, Stearns & Co. Inc., Attn: Managing Director
        Analysis and Control, One Metrotech Center North, Brooklyn, New York 11202-3859.
        Fees and expenses incurred by the Trustee in connection with this Section
        3.16
        shall not be reimbursable from the Trust Fund.

       

      (b)  In
        connection with the filing of any 10-K hereunder, the Trustee shall sign
        a
        Back-Up Certification substantially in the form attached hereto as Exhibit
        K for
        the Depositor regarding certain aspects of the Form 10-K certification signed
        by
        the Master Servicer; provided, however, the Trustee shall not be required
        to
        undertake an analysis of any accountant’s report attached as an exhibit to the
        Form 10-K.

       

      (c)  The
        Trustee shall indemnify and hold harmless, the Depositor and the Master Servicer
        and each of its officers, directors and affiliates from and against any losses,
        damages, penalties, fines, forfeitures, reasonable and necessary legal fees
        and
        related costs, judgments and other costs and expenses arising out of or based
        upon a breach of the Trustee’s obligations under Sections 3.13, 3.14 and 3.16 or
        the Trustee’s negligence, bad faith or willful misconduct in connection
        therewith. In addition, the Trustee shall indemnify and hold harmless the
        Depositor and the Master Servicer and each of their officers, directors and
        affiliates from and against any losses, damages, penalties, fines, forfeitures,
        reasonable and necessary legal fees and related costs, judgments and other
        costs
        and expenses arising out of or based upon (i) any untrue statement or alleged
        untrue statement of any material fact contained in any Back-Up Certification,
        the Annual Statement of Compliance, the Assessment of Compliance, any Additional
        Disclosure or other information provided by the Trustee pursuant to Section
        3.13, 3.14 and 3.16 (the “Trustee Information”), or (ii) the omission or alleged
        omission to state therein a material fact required to be stated therein or
        necessary to make the statements therein, in light of the circumstances in
        which
        they were made, not misleading; provided, by way of clarification, that clause
        (ii) of this paragraph shall be construed solely by reference to the Trustee
        Information and not to any other information communicated in connection with
        the
        Certificates, without regard to whether the Trustee Information or any portion
        thereof is presented together with or separately from such other
        information.

       

      (d)  The
        Depositor shall indemnify and hold harmless the Trustee and its officers,
        directors and affiliates from and against any losses, damages, penalties,
        fines,
        forfeitures, reasonable and necessary legal fees and related costs, judgments
        and other costs and expenses arising out of or based upon a breach of the
        obligations of the Depositor under Section 3.13, Section 3.14 and Section
        3.16
        or the Depositor’s negligence, bad faith or willful misconduct in connection
        therewith. In addition, the Depositor shall indemnify and hold harmless the
        Trustee and each of its officers, directors and affiliates from and against
        any
        losses, damages, penalties, fines, forfeitures, reasonable and necessary
        legal
        fees and related costs, judgments and other costs and expenses arising out
        of or
        based upon (i) any untrue statement or alleged untrue statement of any material
        fact contained in any Additional Disclosure or other information provided
        by the
        Depositor pursuant to Section 3.16 (the “Depositor Information”), or (ii) the
        omission or alleged omission to state therein a material fact required to
        be
        stated therein or necessary to make the statements therein, in light of the
        circumstances in which they were made, not misleading; provided, by way of
        clarification, that clause (ii) of this paragraph shall be construed solely
        by
        reference to the Depositor Information and not to any other information
        communicated in connection with the Certificates, without regard to whether
        the
        Depositor Information or any portion thereof is presented together with or
        separately from such other information.

       

      (e)  The
        Master Servicer shall indemnify and hold harmless the Trustee and the Depositor
        and their respective officers, directors and affiliates from and against
        any
        losses, damages, penalties, fines, forfeitures, reasonable and necessary
        legal
        fees and related costs, judgments and other costs and expenses arising out
        of or
        based upon a breach of the obligations of the Master Servicer under Section
        3.13, Section 3.14 and Section 3.16 or the Master Servicer’s negligence, bad
        faith or willful misconduct in connection therewith. In addition, the Master
        Servicer shall indemnify and hold harmless the Trustee and the Depositor
        and
        each of its officers, directors and affiliates from and against any losses,
        damages, penalties, fines, forfeitures, reasonable and necessary legal fees
        and
        related costs, judgments and other costs and expenses arising out of or based
        upon (i) any untrue statement or alleged untrue statement of any material
        fact
        contained in any Sarbanes-Oxley Certification, the Annual Statement of
        Compliance, the Assessment of Compliance, any Additional Disclosure or other
        information provided by the Master Servicer pursuant to Section 3.13, 3.14
        and
        3.16 (the “Master Servicer Information”), or (ii) the omission or alleged
        omission to state therein a material fact required to be stated therein or
        necessary to make the statements therein, in light of the circumstances in
        which
        they were made, not misleading; provided, by way of clarification, that clause
        (ii) of this paragraph shall be construed solely by reference to the Master
        Servicer Information and not to any other information communicated in connection
        with the Certificates, without regard to whether the Master Servicer Information
        or any portion thereof is presented together with or separately from such
        other
        information.

       

      If
        the
        indemnification provided for herein is unavailable or insufficient to hold
        harmless the Master Servicer, the Depositor or the Trustee, as applicable,
        then
        the defaulting party, in connection with a breach of its respective obligations
        under Section 3.13, Section 3.14 and Section 3.16 or its respective negligence,
        bad faith or willful misconduct in connection therewith, agrees that it shall
        contribute to the amount paid or payable by the other parties as a result
        of the
        losses, claims, damages or liabilities of the other party in such proportion
        as
        is appropriate to reflect the relative fault and the relative benefit of
        the
        respective parties.

       

      (f)  Nothing
        shall be construed from the foregoing subsections (a), (b) and (c) to require
        the Trustee or any officer, director or Affiliate thereof to sign any Form
        10-K
        or any certification contained therein. Furthermore, the inability of the
        Trustee to file a Form 10-K as a result of the lack of required information
        as
        set forth in Section 3.16(a) or required signatures on such Form 10-K or
        any
        certification contained therein shall not be regarded as a breach by the
        Trustee
        of any obligation under this Agreement.

       

      (g)  Notwithstanding
        the provisions of Section 11.01, this Section 3.16 may be amended without
        the
        consent of the Certificateholders.

       

      Section
        3.17  Intention
        of the Parties and Interpretation. 

       

      Each
        of
        the parties acknowledges and agrees that the purpose of Sections 3.13, 3.14
        and
        3.16 of this Agreement is to facilitate compliance by the Seller and the
        Depositor with the provisions of Regulation AB. Therefore, each of the parties
        agrees that (a) the obligations of the parties hereunder shall be interpreted
        in
        such a manner as to accomplish that purpose, (b) the parties’ obligations
        hereunder will be supplemented and modified as necessary to be consistent
        with
        any such amendments, interpretive advice or guidance, convention or consensus
        among active participants in the asset-backed securities markets, advice
        of
        counsel, or otherwise in respect of the requirements of Regulation AB, (c)
        the
        parties shall comply with reasonable requests made by the Seller, the Trustee
        or
        the Depositor for delivery of additional or different information as the
        Seller,
        the Trustee or the Depositor may determine in good faith is necessary to
        comply
        with the provisions of Regulation AB, and (d) no amendment of this Agreement
        shall be required to effect any such changes in the parties’ obligations as are
        necessary to accommodate evolving interpretations of the provisions of
        Regulation AB.

       

      Section
        3.18  UCC. 

       

      The
        Seller shall file any financing statements, continuation statements or
        amendments thereto required by any change in the Uniform Commercial
        Code.

       

      Section
        3.19  Optional
        Purchase of Certain Mortgage Loans. 

       

      With
        respect to any Mortgage Loan which as of the first day of a Fiscal Quarter
        is
        delinquent in payment by 90 days or more or is an REO Property, the Seller
        shall
        have the right to purchase any such Mortgage Loan or REO Property from the
        Trust
        at a price equal to the Purchase Price; provided however (i) that such Mortgage
        Loan is still 90 days or more delinquent or is an REO Property as of the
        date of
        such purchase and (ii) this purchase option, if not theretofore exercised,
        shall
        terminate on the date prior to the last day of the related Fiscal Quarter.
        This
        purchase option, if not exercised, shall not be thereafter reinstated unless
        the
        delinquency is cured and the Mortgage Loan thereafter again becomes 90 days
        or
        more delinquent or becomes an REO Property, in which case the option shall
        again
        become exercisable as of the first day of the related Fiscal Quarter. This
        right
        may be assigned by the Seller to a third party, including a holder of a Class
        of
        Certificates.

       

      If
        at any
        time the Seller remits to the Master Servicer a payment for deposit in the
        Protected Account covering the amount of the Purchase Price for such a Mortgage
        Loan, and the Seller provides to the Trustee a certification signed by a
        Servicing Officer stating that the amount of such payment has been deposited
        in
        the Protected Account, then the Trustee shall execute the assignment of such
        Mortgage Loan prepared and delivered to the Trustee, at the request of the
        Seller, without recourse, representation or warranty, to the Seller which
        shall
        succeed to all the Trustee’s right, title and interest in and to such Mortgage
        Loan, and all security and documents relative thereto. Such assignment shall
        be
        an assignment outright and not for security. The Seller will thereupon own
        such
        Mortgage, and all such security and documents, free of any further obligation
        to
        the Trustee or the Certificateholders with respect thereto.

       

      Section
        3.20  Obligations
        of the Master Servicer in Respect of Mortgage Rates and Scheduled
        Payments. 

       

      In
        the
        event that a shortfall in any collection on or liability with respect to
        any
        Mortgage Loan results from or is attributable to adjustments to Mortgage
        Rates,
        Scheduled Payments or Stated Principal Balances that were made by the Master
        Servicer in a manner not consistent with the terms of the related Mortgage
        Note
        and this Agreement, the Master Servicer, upon discovery or receipt of notice
        thereof, immediately shall deliver to the Trustee for deposit in the
        Distribution Account with respect to the related Loan Group from its own
        funds
        the amount of any such shortfall and shall indemnify and hold harmless the
        Trust
        Fund, the Trustee, the Depositor and any Successor Master Servicer in respect
        of
        any such liability. Such indemnities shall survive the termination or discharge
        of this Agreement. Notwithstanding the foregoing, this Section 3.20 shall
        not
        limit the ability of the Master Servicer to seek recovery of any such amounts
        from the related Mortgagor under the terms of the related Mortgage Note and
        Mortgage, to the extent permitted by applicable law.

       

      Section
        3.21  Group
        I Reserve Fund; Payments to and from Swap Administrator; Group I Supplemental
        Interest Trust. 

       

      (a)  As
        of the
        Closing Date, the Group I Supplemental Interest Trust shall be established
        and
        maintained in the name of the Group I Supplemental Interest Trustee, as a
        separate trust, the corpus of which shall be held by the Group I Supplemental
        Interest Trust Trustee, for the benefit of the Holders of the Class I-A
        Certificates and Class I-M Certificates and the Group I Swap Provider. The
        Group
        I Supplemental Interest Trust shall hold the Group I Swap Agreement, the
        rights
        in respect of the Swap Administration Agreement that relate to Loan Group
        I, the
        Group I Swap Account and REMIC VII Regular Interest IO. The Group I Swap
        Account
        shall be an Eligible Account, and funds on deposit therein shall be held
        separate and apart from, and shall not be commingled with, any other moneys,
        including, without limitation, other moneys of the Trustee held pursuant
        to this
        Agreement. Amounts in the Group I Swap Account shall, at the direction of
        the
        Majority Class I-CE Certificateholder, be invested in Permitted Investments
        that
        mature no later than the Business Day prior to the next succeeding Distribution
        Date. All net income and gain from such investments shall be distributed
        to the
        Majority Class I-CE Certificateholder, not as a distribution in respect of
        any
        interest in any REMIC, on such Distribution Date. In the absence of written
        instructions to the Trustee, amounts on deposit in the Group I Swap Account
        shall remain uninvested. All amounts earned on amounts on deposit in the
        Group I
        Swap Account shall be taxable to the Majority Class I-CE Certificateholder.
        Any
        losses on such investments shall be deposited in the Group I Swap Account
        by the
        Majority Class I-CE Certificateholder out of its own funds immediately as
        realized. In performing its duties hereunder and under the Group I Swap
        Agreement and the rights in respect of the Swap Administration Agreement
        that
        relate to Loan Group I, the Group I Supplemental Interest Trust Trustee shall
        be
        entitled to the same rights, protections and indemnities as provided to the
        Trustee hereunder.

       

      (b)  On
        or
        before the Closing Date, the Trustee shall establish a Group I Reserve Fund
        on
        behalf of the Holders of the Group I Certificates. On the Closing Date, the
        Depositor shall cause an amount equal to the Group I Reserve Fund Deposit
        to be
        deposited into the Group I Reserve Fund. The Group I Reserve Fund must be
        an
        Eligible Account. The Group I Reserve Fund shall be entitled “Group I Reserve
        Fund, LaSalle Bank National Association as Trustee for the benefit of holders
        of
        Bear Stearns Asset Backed Securities I LLC, Asset-Backed Certificates, Series
        2006-AQ1”. The Trustee shall deposit in the Group I Reserve Fund all payments
        received from the Swap Administrator that are payable to the Trust Fund with
        respect to Loan Group I pursuant to the Swap Administration Agreement. On
        each
        Distribution Date the Trustee shall remit such amounts received from the
        Swap
        Administrator to the Holders of the Class I-A Certificates and Class I-M
        Certificates in the manner provided in clause (d) below. In addition, on
        each
        Distribution Date as to which there is a Basis Risk Shortfall Carry Forward
        Amount payable to any Class of Class I-A Certificates and/or Class I-M
        Certificates, the Trustee shall deposit the amounts distributable pursuant
        to
        clauses (C) and (D) of Section 5.04(a)(4) into the Group I Reserve Fund,
        and the
        Trustee has been directed by the Class I-CE Certificateholder to distribute
        any
        amounts then on deposit in the Group I Reserve Fund to the Holders of the
        Class
        I-A Certificates and/or Class I-M Certificates in respect of the Basis Risk
        Shortfall Carry Forward Amounts for each such Class in the priorities set
        forth
        in clauses (C) and (D) of Section 5.04(a)(4). Any amount paid to the Holders
        of
        Class I-A Certificates and/or Class I-M Certificates from amounts distributable
        pursuant to clauses (C) and (D) of Section 5.04(a)(4) pursuant to the preceding
        sentence in respect of Basis Risk Shortfall Carry Forward Amounts shall be
        treated as distributed to the Class I-CE Certificateholder in respect of
        the
        Class I-CE Certificates and paid by the Class I-CE Certificateholder to the
        Holders of the Class I-A Certificates and/or Class I-M Certificates. Any
        payments to the Holders of the Class I-A Certificates and/or Class I-M
        Certificates in respect of Basis Risk Shortfall Carry Forward Amounts, whether
        pursuant to the second preceding sentence or pursuant to clause (d) below,
        shall
        not be payments with respect to a Regular Interest in a REMIC within the
        meaning
        of Section 860G(a)(1) of the Code.

       

      (c)  Group
        I
        Net Swap Payments and Group I Swap Termination Payments (other than Group
        I Swap
        Termination Payments resulting from a Group I Swap Provider Trigger Event
        and
        to
        the extent not paid by the Swap Administrator on behalf of the Group I
        Supplemental Interest Trust Trustee from any upfront payment received pursuant
        to any related replacement interest rate swap agreement that may be entered
        into
        by the Group I Supplemental Interest Trust Trustee)
        payable
        by the Swap Administrator, on behalf of the Group I Supplemental Interest
        Trust
        Trustee, to the Group I Swap Provider pursuant to the Group I Swap Agreement
        shall be deducted from Interest Funds with respect to Loan Group I, and to
        the
        extent of any such remaining amounts due, from Principal Funds with respect
        to
        Loan Group I, prior to any distributions to the Group I Certificateholders.
        On
        or before each Distribution Date, such amounts shall be remitted to the Swap
        Administrator, and deposited into the Group I Swap Account, first to make
        any
        Group I Net Swap Payment owed to the Group I Swap Provider pursuant to the
        Group
        I Swap Agreement for such Distribution Date and for prior Distribution Dates,
        if
        any, and second to make any Group I Swap Termination Payment (not due to
        a Group
        I Swap Provider Trigger Event and to the extent not paid by the Swap
        Administrator on behalf of the Group I Supplemental Interest Trust Trustee
        from
        any upfront payment received pursuant to any related replacement interest
        rate
        swap agreement that may be entered into by the Group I Supplemental Interest
        Trust Trustee) owed to the Group I Swap Provider pursuant to the Group I
        Swap
        Agreement for such Distribution Date and for prior Distribution Dates, if
        any.
        For federal income tax purposes, such amounts paid to the Group I Supplemental
        Interest Trust on each Distribution Date shall first be deemed paid to the
        Group
        I Supplemental Interest Trust in respect of REMIC VII Regular Interest IO
        to the
        extent of the amount distributable on such REMIC VII Regular Interest IO
        on such
        Distribution Date, and any remaining amount shall be deemed paid to the Group
        I
        Supplemental Interest Trust in respect of a Group I Class IO Distribution
        Amount. Any Group I Swap Termination Payment triggered by a Group I Swap
        Provider Trigger Event owed to the Group I Swap Provider pursuant to the
        Group I
        Swap Agreement will be subordinated to distributions to the Holders of the
        Class
        I-A Certificates and Class I-M Certificates and shall be paid as set forth
        under
        Section 5.04(a)(4). In addition, the Swap Administrator shall remit to the
        Group
        I Swap Provider any Group I Swap Optional Termination Payment paid as part
        of
        the Group I Mortgage Loan Purchase Price and remitted to the Group I
        Supplemental Interest Trust pursuant to Section 10.01.

       

      (d)  On
        or
        before each Distribution Date, Group I Net Swap Payments payable by the Group
        I
        Swap Provider pursuant to the Group I Swap Agreement to the Swap Administrator,
        on behalf of the Group I Supplemental Interest Trust Trustee, will be deposited
        by the Swap Administrator, acting on behalf of the Group I Supplemental Interest
        Trust Trustee, into the Group I Swap Account pursuant to the Swap Administration
        Agreement. The Swap Administrator shall, to the extent provided in the Swap
        Administration Agreement, remit amounts on deposit in the Group I Swap Account
        to the Trustee for deposit into the Group I Reserve Fund. On each Distribution
        Date, to the extent required, the Trustee shall withdraw such amounts from
        the
        Group I Reserve Fund to distribute to the Class I-A Certificates and Class
        I-M
        Certificates in the following order of priority:

       

      (i)  first,
        to each
        Class of Class I-A Certificates, on a pro
        rata
        basis,
        to pay Current Interest and any Interest Carry Forward Amount to the extent
        due
        to the interest portion of a Realized Loss, in each case to the extent not
        fully
        paid pursuant to Section 5.04(a)(1);

       

      (ii)  second,
        sequentially to the Class
        I-M-1, Class I-M-2, Class I-M-3, Class I-M-4, Class I-M-5, Class I-M-6, Class
        I-M-7, Class I-M-8, Class I-M-9 and Class I-M-10 Certificates,
        in that
        order, to pay Current Interest to the extent not fully paid pursuant to Section
        5.04(a)(1) and any Interest Carry Forward Amount, in each case to the extent
        due
        to the interest portion of a Realized Loss;

       

      (iii)  third,
        to pay
        first, to each Class of Class I-A Certificates, on a pro
        rata
        basis,
        based on the amount of Basis Risk Shortfall Carry Forward Amount for each
        such
        Class, and second, sequentially to the Class I-M-1, Class I-M-2, Class I-M-3,
        Class I-M-4, Class I-M-5, Class I-M-6, Class I-M-7, Class I-M-8, Class I-M-9
        and
        Class I-M-10 Certificates, in that order, any Basis Risk Shortfall Carry
        Forward
        Amounts for such Distribution Date; and

       

      (iv)  fourth,
        to pay
        as principal to the Class I-A Certificates and Class I-M Certificates to
        be
        applied as part of the Group I Extra Principal Distribution Amount payable
        under
        Section 5.04(a)(2) to the extent that the Group I Overcollateralization Amount
        is reduced below the Group I Overcollateralization Target Amount, as a result
        of
        Realized Losses and to the extent not paid by Excess Spread relating to Loan
        Group I pursuant to Section 5.04(a)(4) for such Distribution Date. For the
        avoidance of doubt, any amounts distributable pursuant to this clause (iv)
        shall
        be limited to rebuilding overcollateralization related to Loan Group I to
        the
        extent overcollateralization has been reduced through Realized Losses related
        to
        Loan Group I.

       

      (e)  The
        Group
        I Reserve Fund is an “outside reserve fund” within the meaning of Treasury
        Regulation Section 1.860G-2(h) and shall be an asset of the Trust Fund but
        not
        an asset of any REMIC. The Trustee on behalf of the Trust shall be the nominal
        owner of the Group I Reserve Fund. The Majority Class I-CE Certificateholder
        shall be the beneficial owner of the Group I Reserve Fund, subject to the
        power
        of the Trustee to transfer amounts under Section 5.04. Amounts
        in the Group I Reserve Fund shall, at the direction of the Majority Class
        I-CE
        Certificateholder, be invested in Permitted Investments that mature no later
        than the Business Day prior to the next succeeding Distribution Date. All
        net
        income and gain from such investments shall be distributed to the Majority
        Class
        I-CE Certificateholder, not as a distribution in respect of any interest
        in any
        REMIC, on such Distribution Date. In
        the
        absence of written instructions to the Trustee, amounts on deposit in the
        Group
        I Reserve Fund shall remain uninvested. All
        amounts earned on amounts on deposit in the Group I Reserve Fund shall be
        taxable to the Majority Class I-CE Certificateholder. Any losses on such
        investments shall be deposited in the Group I Reserve Fund by the Majority
        Class
        I-CE Certificateholder out of its own funds immediately as realized.
The
        Group
        I Swap Account, which is created and maintained by the Swap Administrator
        pursuant to the Swap Administration Agreement, is an “outside reserve fund”
within the meaning of Treasury Regulation Section 1.860G-2(h) and shall not
        be
        an asset of any REMIC created hereunder. The beneficial owner of the Group
        I
        Swap Account is identified, and other matters relating to the Group I Swap
        Account are addressed, in the Swap Administration Agreement.

       

      (f)  The
        Trustee shall treat the Holders of Group I Certificates (other than the Class
        I-P, Class I-CE and Class I-R Certificates) as having entered into a notional
        principal contract with respect to the Holders of the Class I-CE Certificates.
        Pursuant to each such notional principal contract, all Holders of Group I
        Certificates (other than the Class I-P, Class I-CE and Class I-R Certificates)
        shall be treated as having agreed to pay, on each Distribution Date, to the
        Holder of the Class I-CE Certificates an aggregate amount equal to the excess,
        if any, of (i) the amount payable on such Distribution Date on the REMIC
        IV
        Regular Interest corresponding to such Class of Certificates over (ii) the
        amount payable on such Class of Certificates on such Distribution Date (such
        excess, a “Group I Class IO Distribution Amount”). A Group I Class IO
        Distribution Amount payable from interest collections shall be allocated
        pro
        rata
        among
        such Certificates based on the excess of, with respect to each such Certificate,
        (i) the amount of interest otherwise payable to the REMIC IV Regular Interest
        relating to such Certificate over (ii) the amount of interest payable to
        such
        Certificate at a per annum rate equal to the related Net Rate Cap, and a
        Group I
        Class IO Distribution Amount payable from principal collections shall be
        allocated to the most subordinate Class of Group I Certificates with an
        outstanding principal balance to the extent of such balance. In addition,
        pursuant to such notional principal contract, the Holder of the Class I-CE
        Certificates shall be treated as having agreed to pay Basis Risk Shortfall
        Carry
        Forward Amounts with respect to Loan Group I to the Holders of the Group
        I
        Certificates (other than the Class I-CE, Class I-P and Class I-R Certificates)
        in accordance with the terms of this Agreement. Any payments to the Group
        I
        Certificates from amounts deemed received in respect of this notional principal
        contract shall not be payments with respect to a Regular Interest in a REMIC
        within the meaning of Code Section 860G(a)(1). However, any payment from
        the
        Group I Certificates (other than the Class I-CE, Class I-P and Class I-R
        Certificates) of a Group I Class IO Distribution Amount shall be treated
        for tax
        purposes as having been received by the Holders of such Certificates in respect
        of their interests in REMIC IV and as having been paid by such Holders to
        the
        Swap Administrator pursuant to the notional principal contract. Thus, each
        Group
        I Certificate (other than the Class I-P Certificates and Class I-R Certificates)
        shall be treated as representing not only ownership of a Regular Interest
        in
        REMIC IV, but also ownership of an interest in, and obligations with respect
        to,
        a notional principal contract.

       

      (g)  Upon
        a
        Group I Swap Early Termination other than in connection with the Optional
        Termination relating to Loan Group I, the Swap Administrator, pursuant to
        the
        Swap Administration Agreement, shall use reasonable efforts to appoint a
        successor swap provider to enter into a new interest rate swap agreement
        on
        terms substantially similar to the Group I Swap Agreement, with a successor
        swap
        provider meeting all applicable eligibility requirements. If the Swap
        Administrator receives a Group I Swap Termination Payment from the Group
        I Swap
        Provider in connection with such Group I Swap Early Termination, the Swap
        Administrator will apply such Group I Swap Termination Payment to any upfront
        payment required to appoint the successor swap provider. If the Swap
        Administrator is required to pay a Group I Swap Termination Payment to the
        Group
        I Swap Provider in connection with such Group I Swap Early Termination, the
        Swap
        Administrator will apply any upfront payment received from the successor
        swap
        provider to pay such Group I Swap Termination Payment. If the Swap Administrator
        is unable to appoint a successor swap provider within 30 days of the Group
        I
        Swap Early Termination, then the Swap Administrator will deposit any Group
        I
        Swap Termination Payment received from the original Group I Swap Provider
        into a
        separate, non-interest bearing reserve account and will, on each subsequent
        distribution date, withdraw from the amount then remaining on deposit in
        such
        reserve account an amount equal to the Group I Net Swap Payment, if any,
        that
        would have been paid to the Swap Administrator by the original Group I Swap
        Provider calculated in accordance with the terms of the original Group I
        Swap
        Agreement, and distribute such amount to the Holders of the Class I-A
        Certificates and Class I-M Certificates or for such other purpose specified
        in
        the Swap Administration Agreement in accordance with the terms
        thereof.

       

      (h)  In
        the
        event that the Group I Swap Provider fails to perform any of its obligations
        under the Group I Swap Agreement (including,
        without
        limitation, its obligation to make any payment or transfer collateral), or
        breaches any of its representations and warranties thereunder, or in the
        event
        that an Event of Default, Termination Event, or Additional Termination Event
        (each as defined in the Group I Swap Agreement) occurs with respect to the
        Group
        I Swap Agreement, the Group I Supplemental Interest Trust Trustee shall,
        provided the Group I Supplemental Interest Trust Trustee has actual knowledge
        of
        such failure, breach or occurrence by the Group I Swap Provider, immediately,
        but no later than the next Business Day following such failure, breach, or
        occurrence, notify the Depositor and send any notices and make any demands,
        on
        behalf of the Group I Supplemental Interest Trust, in accordance with the
        Group
        I Swap Agreement. 

       

      (i)  In
        the
        event that the Group I Swap Provider’s obligations are guaranteed by a third
        party under a guaranty relating to the Group I Swap Agreement (such guaranty
        the
“Group I Guaranty” and such third party the “Group I Guarantor”), then to the
        extent that the Group I Swap Provider fails to make any payment by the close
        of
        business on the day it is required to make payment under the terms of the
        Group
        I Swap Agreement, the Group I Supplemental Interest Trust Trustee shall,
        as soon
        as practicable, but no later than two (2) Business Days after the Group I
        Swap
        Provider’s failure to pay, demand that the Group I Guarantor make any and all
        payments then required to be made by the Group I Guarantor pursuant to such
        Group I Guaranty. The Group I Swap Provider or the Depositor shall promptly
        provide the Group I Supplemental Interest Trust Trustee with a copy of such
        Group I Guaranty; provided that, the Group I Supplemental Interest Trust
        Trustee
        shall in no event be liable for any failure or delay in the performance by
        the
        Group I Swap Provider or any Group I Guarantor of its obligations hereunder
        or
        pursuant to the Group I Swap Agreement and the Group I Guaranty, nor for
        any
        special, indirect or consequential loss or damage of any kind whatsoever
        (including but not limited to lost profits) in connection
        therewith.

       

      (j)  The
        Group
        I Supplemental Interest Trust Trustee shall cause any replacement swap provider
        to provide a copy of the related replacement
        interest
        rate swap agreement to the Depositor.

       

      Section
        3.22  Group
        I Swap Collateral Account. 

       

      The
        Group
        I Supplemental Interest Trust Trustee is hereby directed to perform the
        obligations of the Custodian as defined under the Group I Swap Credit Support
        Annex (the “Group I Swap Custodian”). 

       

      On
        or
        before the Closing Date, the Group I Swap Custodian shall establish a Group
        I
        Swap Collateral Account. The Group I Swap Collateral Account shall be held
        in
        the name of the Swap Custodian in trust for the benefit of the Holders of
        the
        Class I-A Certificates and Class I-M Certificates. The Group I Swap Collateral
        Account shall be an Eligible Account and shall be entitled “Group I Swap
        Collateral Account, LaSalle Bank National Association, as Group I Swap Custodian
        for the benefit of holders of Bear Stearns Asset Backed Securities I Trust
        2006-AQ1, Asset-Backed Certificates, Series 2006-AQ1.” 

       

      The
        Group
        I Swap Custodian shall credit to the Group I Swap Collateral Account all
        collateral (whether in the form of cash or securities) posted by the Group
        I
        Swap Provider to secure the obligations of the Group I Swap Provider in
        accordance with the terms of the Group I Swap Agreement. Except for investment
        earnings, the Group I Swap Provider shall not have any legal, equitable or
        beneficial interest in the Group I Swap Collateral Account other than in
        accordance with this Agreement, the Group I Swap Agreement and applicable
        law.
        The Group I Swap Custodian shall maintain and apply all collateral and earnings
        thereon on deposit in the Group I Swap Collateral Account in accordance with
        Group I Swap Credit Support Annex.

       

      Cash
        collateral posted by the Group I Swap Provider in accordance with the Group
        I
        Swap Credit Support Annex shall be deposited by the Group I Supplemental
        Interest Trust Trustee in the Group I Swap Collateral Account. All amounts
        earned on amounts on deposit in the Group I Swap Collateral Account (whether
        cash collateral or securities) shall be taxable to the Group I Swap Provider.
        In
        accordance with the Group I Credit Support Annex, the Group I Swap Provider
        shall post or cause to be posted in the Group I Swap Collateral Account
        additional collateral to the extent value of the collateral in the Group
        I Swap
        Collateral Account is reduced due to a loss on any amounts in the Group I
        Swap
        Collateral Account. In the absence of written direction from the Group I
        Swap
        Provider, the cash collateral shall be invested as specified in the definition
        of Permitted Investment (viii) in this Agreement.

       

      Upon
        the
        occurrence of an Event of Default, a Termination Event, or an Additional
        Termination Event (each as defined in the Group I Swap Agreement), amounts
        in
        the Group I Swap Collateral Account shall be withdrawn by the Group I Swap
        Custodian and applied to the payment of any termination payment due to Party
        B
        (as defined in the Group I Swap Agreement) in accordance with the Group I
        Swap
        Credit Support Annex. Any excess amounts held in such Group I Swap Collateral
        Account after payment of all amounts owing to Party B under the Group I Swap
        Agreement shall be withdrawn from the Group I Swap Collateral Account and
        paid
        to the Group I Swap Provider in accordance with the Group I Swap Credit Support
        Annex. 

       

      Section
        3.23  Group
        II Swap Collateral Account. 

       

      The
        Group
        II Supplemental Interest Trust Trustee is hereby directed to perform the
        obligations of the Custodian as defined under the Group II Swap Credit Support
        Annex (the “Group II Swap Custodian”). 

       

      On
        or
        before the Closing Date, the Group II Swap Custodian shall establish a Group
        II
        Swap Collateral Account. The Group II Swap Collateral Account shall be held
        in
        the name of the Swap Custodian in trust for the benefit of the Holders of
        the
        Class I-A Certificates and Class I-M Certificates. The Group II Swap Collateral
        Account shall be an Eligible Account and shall be entitled “Group II Swap
        Collateral Account, LaSalle Bank National Association, as Group II Swap
        Custodian for the benefit of holders of Bear Stearns Asset Backed Securities
        I
        Trust 2006-AQ1, Asset-Backed Certificates, Series 2006-AQ1.” 

       

      The
        Group
        II Swap Custodian shall credit to the Group II Swap Collateral Account all
        collateral (whether in the form of cash or securities) posted by the Group
        II
        Swap Provider to secure the obligations of the Group II Swap Provider in
        accordance with the terms of the Group II Swap Agreement. Except for investment
        earnings, the Group II Swap Provider shall not have any legal, equitable
        or
        beneficial interest in the Group II Swap Collateral Account other than in
        accordance with this Agreement, the Group II Swap Agreement and applicable
        law.
        The Group II Swap Custodian shall maintain and apply all collateral and earnings
        thereon on deposit in the Group II Swap Collateral Account in accordance
        with
        Group II Swap Credit Support Annex.

       

      Cash
        collateral posted by the Group II Swap Provider in accordance with the Group
        II
        Swap Credit Support Annex shall be deposited by the Group II Supplemental
        Interest Trust Trustee in the Group II Swap Collateral Account (unless directed
        to be invested otherwise by the Group II Swap Provider). All amounts earned
        on
        amounts on deposit in the Group II Swap Collateral Account (whether cash
        collateral or securities) shall be taxable to the Group II Swap Provider.
        In
        accordance with the Group II Credit Support Annex, the Group II Swap Provider
        shall post or cause to be posted in the Group II Swap Collateral Account
        additional collateral to the extent value of the collateral in the Group
        II Swap
        Collateral Account is reduced due to a loss on any amounts in the Group II
        Swap
        Collateral Account. In the absence of written direction from the Group II
        Swap
        Provider, the cash collateral shall be invested as specified in the definition
        of Permitted Investment (viii) in this Agreement.

       

      Upon
        the
        occurrence of an Event of Default, a Termination Event, or an Additional
        Termination Event (each as defined in the Group II Swap Agreement), amounts
        in
        the Group II Swap Collateral Account shall be withdrawn by the Group II Swap
        Custodian and applied to the payment of any termination payment due to Party
        B
        (as defined in the Group II Swap Agreement) in accordance with the Group
        II Swap
        Credit Support Annex. Any excess amounts held in such Group II Swap Collateral
        Account after payment of all amounts owing to Party B under the Group II
        Swap
        Agreement shall be withdrawn from the Group II Swap Collateral Account and
        paid
        to the Group II Swap Provider in accordance with the Group II Swap Credit
        Support Annex. 

       

      Section
        3.24  Group
        II Reserve Fund; Payments to and from Swap Administrator; Group II Supplemental
        Interest Trust. 

       

      (a)  As
        of the
        Closing Date, the Group II Supplemental Interest Trust shall be established
        and
        maintained in the name of the Group II Supplemental Interest Trustee, as
        a
        separate trust, the corpus of which shall be held by the Group II Supplemental
        Interest Trust Trustee, for the benefit of the Holders of the Class II-A
        Certificates and Class II-M Certificates and the Group II Swap Provider.
        The
        Group II Supplemental Interest Trust shall hold the Group II Swap Agreement,
        the
        rights in respect of the Swap Administration Agreement that relate to Loan
        Group
        II, the Group II Swap Account and REMIC X Regular Interest IO. The Group
        II Swap
        Account shall be an Eligible Account, and funds on deposit therein shall
        be held
        separate and apart from, and shall not be commingled with, any other moneys,
        including, without limitation, other moneys of the Trustee held pursuant
        to this
        Agreement. Amounts in the Group II Swap Account shall, at the direction of
        the
        Majority Class II-CE Certificateholder, be invested in Permitted Investments
        that mature no later than the Business Day prior to the next succeeding
        Distribution Date. All net income and gain from such investments shall be
        distributed to the Majority Class II-CE Certificateholder, not as a distribution
        in respect of any interest in any REMIC, on such Distribution Date. In the
        absence of written instructions to the Trustee, amounts on deposit in the
        Group
        II Swap Account shall remain uninvested. All amounts earned on amounts on
        deposit in the Group II Swap Account shall be taxable to the Majority Class
        II-CE Certificateholder. Any losses on such investments shall be deposited
        in
        the Group II Swap Account by the Majority Class II-CE Certificateholder out
        of
        its own funds immediately as realized. In performing its duties hereunder
        and
        under the Group II Swap Agreement and the rights in respect of the Swap
        Administration Agreement that relate to Loan Group II, the Group II Supplemental
        Interest Trust Trustee shall be entitled to the same rights, protections
        and
        indemnities as provided to the Trustee hereunder.

       

      (b)  On
        or
        before the Closing Date, the Trustee shall establish a Group II Reserve Fund
        on
        behalf of the Holders of the Group II Certificates. On the Closing Date,
        the
        Depositor shall cause an amount equal to the Group II Reserve Fund Deposit
        to be
        deposited into the Group II Reserve Fund. The Group II Reserve Fund must
        be an
        Eligible Account. The Group II Reserve Fund shall be entitled “Group II Reserve
        Fund, LaSalle Bank National Association as Trustee for the benefit of holders
        of
        Bear Stearns Asset Backed Securities I LLC, Asset-Backed Certificates, Series
        2006-AQ1”. The Trustee shall deposit in the Group II Reserve Fund all payments
        received from the Swap Administrator that are payable to the Trust Fund with
        respect to Loan Group II pursuant to the Swap Administration Agreement. On
        each
        Distribution Date the Trustee shall remit such amounts received from the
        Swap
        Administrator to the Holders of the Class II-A Certificates and Class II-M
        Certificates in the manner provided in clause (d) below. In addition, on
        each
        Distribution Date as to which there is a Basis Risk Shortfall Carry Forward
        Amount payable to any Class of Class II-A Certificates and/or Class II-M
        Certificates, the Trustee shall deposit the amounts distributable pursuant
        to
        clauses (C) and (D) of Section 5.04(b)(3) into the Group II Reserve Fund,
        and
        the Trustee has been directed by the Class II-CE Certificateholder to distribute
        any amounts then on deposit in the Group II Reserve Fund to the Holders of
        the
        Class II-A Certificates and/or Class II-M Certificates in respect of the
        Basis
        Risk Shortfall Carry Forward Amount for each such Class in the priorities
        set
        forth in clauses (C) and (D) of Section 5.04(b)(3). Any amount paid to the
        Holders of Class II-A Certificates and/or Class II-M Certificates from amounts
        distributable pursuant to clauses (C) and (D) of Section 5.04(b)(3) pursuant
        to
        the preceding sentence in respect of Basis Risk Shortfall Carry Forward Amounts
        shall be treated as distributed to the Class II-CE Certificateholder in respect
        of the Class II-CE Certificates and paid by the Class II-CE Certificateholder
        to
        the Holders of the Class II-A Certificates and/or Class II-M Certificates.
        Any
        payments to the Holders of the Class II-A Certificates and/or Class II-M
        Certificates in respect of Basis Risk Shortfall Carry Forwards Amount, whether
        pursuant to the second preceding sentence or pursuant to clause (d) below,
        shall
        not be payments with respect to a Regular Interest in a REMIC within the
        meaning
        of Section 860G(a)(1) of the Code.

       

      (c)  Group
        II
        Net Swap Payments and Group II Swap Termination Payments (other than Group
        II
        Swap Termination Payments resulting from a Group II Swap Provider Trigger
        Event
        and to the extent not paid by the Swap Administrator on behalf of the Group
        II
        Supplemental Interest Trust Trustee from any upfront payment received pursuant
        to any related replacement interest rate swap agreement that may be entered
        into
        by the Group II Supplemental Interest Trust Trustee) payable by the Swap
        Administrator, on behalf of the Group II Supplemental Interest Trust Trustee,
        to
        the Group II Swap Provider pursuant to the Group II Swap Agreement shall
        be
        deducted from Interest Funds with respect to Loan Group II, and to the extent
        of
        any such remaining amounts due, from Principal Funds with respect to Loan
        Group
        II, prior to any distributions to the Group II Certificateholders. On or
        before
        each Distribution Date, such amounts shall be remitted to the Swap
        Administrator, and deposited into the Group II Swap Account, first to make
        any
        Group II Net Swap Payment owed to the Group II Swap Provider pursuant to
        the
        Group II Swap Agreement for such Distribution Date and for prior Distribution
        Dates, if any, and second to make any Group II Swap Termination Payment (not
        due
        to a Group II Swap Provider Trigger Event and to the extent not paid by the
        Swap
        Administrator on behalf of the Group II Supplemental Interest Trust Trustee
        from
        any upfront payment received pursuant to any related replacement interest
        rate
        swap agreement that may be entered into by the Group II Supplemental Interest
        Trust Trustee) owed to the Group II Swap Provider pursuant to the Group II
        Swap
        Agreement for such Distribution Date and for prior Distribution Dates, if
        any.
        For federal income tax purposes, such amounts paid to the Group II Supplemental
        Interest Trust on each Distribution Date shall first be deemed paid to the
        Group
        II Supplemental Interest Trust in respect of REMIC X Regular Interest IO
        to the
        extent of the amount distributable on such REMIC X Regular Interest IO on
        such
        Distribution Date, and any remaining amount shall be deemed paid to the Group
        II
        Supplemental Interest Trust in respect of a Group II Class IO Distribution
        Amount. Any Group II Swap Termination Payment triggered by a Group II Swap
        Provider Trigger Event owed to the Group II Swap Provider pursuant to the
        Group
        II Swap Agreement will be subordinated to distributions to the Holders of
        the
        Class II-A Certificates and Class II-M Certificates and shall be paid as
        set
        forth under Section 5.04(b)(3). In addition, the Swap Administrator shall
        remit
        to the Group II Swap Provider any Group II Swap Optional Termination Payment
        paid as part of the Group II Mortgage Loan Purchase Price and remitted to
        the
        Group II Supplemental Interest Trust pursuant to Section 10.01.

       

      (d)  On
        or
        before each Distribution Date, Group II Net Swap Payments payable by the
        Group
        II Swap Provider pursuant to the Group II Swap Agreement to the Swap
        Administrator, on behalf of the Group II Supplemental Interest Trust Trustee,
        will be deposited by the Swap Administrator, acting on behalf of the Group
        II
        Supplemental Interest Trust Trustee, into the Group II Swap Account pursuant
        to
        the Swap Administration Agreement. The Swap Administrator shall, to the extent
        provided in the Swap Administration Agreement, remit amounts on deposit in
        the
        Group II Swap Account to the Trustee for deposit into the Group II Reserve
        Fund.
        On each Distribution Date, to the extent required, the Trustee shall withdraw
        such amounts from the Group II Reserve Fund to distribute to the Class II-A
        Certificates and Class II-M Certificates in the following order of
        priority:

       

      (i)  first,
        to each
        Class of Class II-A Certificates, on a pro
        rata
        basis,
        to pay Current Interest and any Interest Carry Forward Amount to the extent
        due
        to the interest portion of a Realized Loss, in each case to the extent not
        fully
        paid pursuant to Section 5.04(b)(1);

       

      (ii)  second,
        sequentially to the Class II-M-1, Class II-M-2, Class II-M-3, Class II-M-4,
        Class II-M-5, Class II-M-6, Class II-M-7, Class II-M-8, Class II-M-9 and
        Class
        II-M-10 Certificates, in that order, to pay Current Interest to the extent
        not
        fully paid pursuant to Section 5.04(b)(1) and any Interest Carry Forward
        Amount,
        in each case to the extent due to the interest portion of a Realized
        Loss;

       

      (iii)  third,
        to pay
        first, to each Class of Class II-A Certificates, on a pro
        rata
        basis,
        based on the amount of Basis Risk Shortfall Carry Forward Amount for each
        such
        Class, and second, sequentially to the Class II-M-1, Class II-M-2, Class
        II-M-3,
        Class II-M-4, Class II-M-5, Class II-M-6, Class II-M-7, Class II-M-8, Class
        II-M-9 and Class II-M-10 Certificates, in that order, any Basis Risk Shortfall
        Carry Forward Amounts for such Distribution Date; and

       

      (iv)  fourth,
        to pay
        as principal to the Class II-A Certificates and Class II-M Certificates to
        be
        applied as part of the Group II Extra Principal Distribution Amount payable
        under Section 5.04(b)(2) to the extent that the Group II Overcollateralization
        Amount is reduced below the Group II Overcollateralization Target Amount,
        as a
        result of Realized Losses and to the extent not paid by Excess Spread relating
        to Loan Group II pursuant to Section 5.04(b)(3) for such Distribution Date.
        For
        the avoidance of doubt, any amounts distributable pursuant to this clause
        (iv)
        shall be limited to rebuilding overcollateralization related to Loan Group
        II to
        the extent overcollateralization has been reduced through Realized Losses
        related to Loan Group II.

       

      (e)  The
        Group
        II Reserve Fund is an “outside reserve fund” within the meaning of Treasury
        Regulation Section 1.860G-2(h) and shall be an asset of the Trust Fund but
        not
        an asset of any REMIC. The Trustee on behalf of the Trust shall be the nominal
        owner of the Group II Reserve Fund. The Majority Class II-CE Certificateholder
        shall be the beneficial owner of the Group II Reserve Fund, subject to the
        power
        of the Trustee to transfer amounts under Section 5.04. Amounts in the Group
        II
        Reserve Fund shall, at the direction of the Majority Class II-CE
        Certificateholder, be invested in Permitted Investments that mature no later
        than the Business Day prior to the next succeeding Distribution Date. All
        net
        income and gain from such investments shall be distributed to the Majority
        Class
        II-CE Certificateholder, not as a distribution in respect of any interest
        in any
        REMIC, on such Distribution Date. In
        the
        absence of written instructions to the Trustee, amounts on deposit in the
        Group
        II Reserve Fund shall remain uninvested. All
        amounts earned on amounts on deposit in the Group II Reserve Fund shall be
        taxable to the Majority Class II-CE Certificateholder. Any losses on such
        investments shall be deposited in the Group II Reserve Fund by the Majority
        Class II-CE Certificateholder out of its own funds immediately as realized.
        The
        Group II Swap Account, which is created and maintained by the Swap Administrator
        pursuant to the Swap Administration Agreement, is an “outside reserve fund”
within the meaning of Treasury Regulation Section 1.860G-2(h) and shall not
        be
        an asset of any REMIC created hereunder. The beneficial owner of the Group
        II
        Swap Account is identified, and other matters relating to the Group II Swap
        Account are addressed, in the Swap Administration Agreement.

       

      (f)  The
        Trustee shall treat the Holders of Group II Certificates (other than the
        Class
        II-P, Class II-CE and Class II-R Certificates) as having entered into a notional
        principal contract with respect to the Holders of the Class II-CE Certificates.
        Pursuant to each such notional principal contract, all Holders of Group II
        Certificates (other than the Class II-P, Class II-CE and Class II-R
        Certificates) shall be treated as having agreed to pay, on each Distribution
        Date, to the Holder of the Class II-CE Certificates an aggregate amount equal
        to
        the excess, if any, of (i) the amount payable on such Distribution Date on
        the
        REMIC IV Regular Interest corresponding to such Class of Certificates over
        (ii)
        the amount payable on such Class of Certificates on such Distribution Date
        (such
        excess, a “Group II Class IO Distribution Amount”). A Group II Class IO
        Distribution Amount payable from interest collections shall be allocated
        pro
        rata
        among
        such Certificates based on the excess of, with respect to each such Certificate,
        (i) the amount of interest otherwise payable to the REMIC IV Regular Interest
        relating to such Certificate over (ii) the amount of interest payable to
        such
        Certificate at a per annum rate equal to the related Net Rate Cap, and a
        Group
        II Class IO Distribution Amount payable from principal collections shall
        be
        allocated to the most subordinate Class of Group II Certificates with an
        outstanding principal balance to the extent of such balance. In addition,
        pursuant to such notional principal contract, the Holder of the Class II-CE
        Certificates shall be treated as having agreed to pay Basis Risk Shortfall
        Carry
        Forward Amounts with respect to Loan Group II to the Holders of the Group
        II
        Certificates (other than the Class II-CE, Class II-P and Class II-R
        Certificates) in accordance with the terms of this Agreement. Any payments
        to
        the Group II Certificates from amounts deemed received in respect of this
        notional principal contract shall not be payments with respect to a Regular
        Interest in a REMIC within the meaning of Code Section 860G(a)(1). However,
        any
        payment from the Group II Certificates (other than the Class II-CE, Class
        II-P
        and Class II-R Certificates) of a Group II Class IO Distribution Amount shall
        be
        treated for tax purposes as having been received by the Holders of such
        Certificates in respect of their interests in REMIC IV and as having been
        paid
        by such Holders to the Swap Administrator pursuant to the notional principal
        contract. Thus, each Group II Certificate (other than the Class II-P
        Certificates and Class II-R Certificates) shall be treated as representing
        not
        only ownership of a Regular Interest in REMIC IV, but also ownership of an
        interest in, and obligations with respect to, a notional principal
        contract.

       

      (g)  Upon
        a
        Group II Swap Early Termination other than in connection with the Optional
        Termination relating to Loan Group II, the Swap Administrator, pursuant to
        the
        Swap Administration Agreement, shall use reasonable efforts to appoint a
        successor swap provider to enter into a new interest rate swap agreement
        on
        terms substantially similar to the Group II Swap Agreement, with a successor
        swap provider meeting all applicable eligibility requirements. If the Swap
        Administrator receives a Group II Swap Termination Payment from the Group
        II
        Swap Provider in connection with such Group II Swap Early Termination, the
        Swap
        Administrator will apply such Group II Swap Termination Payment to any upfront
        payment required to appoint the successor swap provider. If the Swap
        Administrator is required to pay a Group II Swap Termination Payment to the
        Group II Swap Provider in connection with such Group II Swap Early Termination,
        the Swap Administrator will apply any upfront payment received from the
        successor swap provider to pay such Group II Swap Termination Payment. If
        the
        Swap Administrator is unable to appoint a successor swap provider within
        30 days
        of the Group II Swap Early Termination, then the Swap Administrator will
        deposit
        any Group II Swap Termination Payment received from the original Group II
        Swap
        Provider into a separate, non-interest bearing reserve account and will,
        on each
        subsequent distribution date, withdraw from the amount then remaining on
        deposit
        in such reserve account an amount equal to the Group II Net Swap Payment,
        if
        any, that would have been paid to the Swap Administrator by the original
        Group I
        Swap Provider calculated in accordance with the terms of the original Group
        II
        Swap Agreement, and distribute such amount to the Holders of the Class II-A
        Certificates and Class II-M Certificates or for such other purpose specified
        in
        the Swap Administration Agreement in accordance with the terms
        thereof.

       

      (h)  In
        the
        event that the Group II Swap Provider fails to perform any of its obligations
        under the Group II Swap Agreement (including,
        without
        limitation, its obligation to make any payment or transfer collateral), or
        breaches any of its representations and warranties thereunder, or in the
        event
        that an Event of Default, Termination Event, or Additional Termination Event
        (each as defined in the Group II Swap Agreement) occurs with respect to the
        Group II Swap Agreement, the Group II Supplemental Interest Trust Trustee
        shall,
        provided the Group II Supplemental Interest Trust Trustee has actual knowledge
        of such failure, breach or occurrence by the Group II Swap Provider,
        immediately, but no later than the next Business Day following such failure,
        breach, or occurrence, notify the Depositor and send any notices and make
        any
        demands, on behalf of the Group II Supplemental Interest Trust, in accordance
        with the Group II Swap Agreement. 

       

      (i)  In
        the
        event that the Group II Swap Provider’s obligations are guaranteed by a third
        party under a guaranty relating to the Group II Swap Agreement (such guaranty
        the “Group II Guaranty” and such third party the “Group II Guarantor”), then to
        the extent that the Group II Swap Provider fails to make any payment by the
        close of business on the day it is required to make payment under the terms
        of
        the Group II Swap Agreement, the Group II Supplemental Interest Trust Trustee
        shall, as soon as practicable, but no later than two (2) Business Days after
        the
        Group II Swap Provider’s failure to pay, demand that the Group II Guarantor make
        any and all payments then required to be made by the Group II Guarantor pursuant
        to such Group II Guaranty. The Group II Swap Provider or the Depositor shall
        promptly provide the Group II Supplemental Interest Trust Trustee with a
        copy of
        such Group II Guaranty; provided that, the Group II Supplemental Interest
        Trust
        Trustee shall in no event be liable for any failure or delay in the performance
        by the Group II Swap Provider or any Group II Guarantor of its obligations
        hereunder or pursuant to the Group II Swap Agreement and the Group II Guaranty,
        nor for any special, indirect or consequential loss or damage of any kind
        whatsoever (including but not limited to lost profits) in connection
        therewith.

       

      (j)  The
        Group
        II Supplemental Interest Trust Trustee shall cause any replacement swap provider
        to provide a copy of the related replacement interest rate swap agreement
        to the
        Depositor.

       

      Section
        3.25  Tax
        Treatment of Class IO Distribution Amounts in the Event of Resecuritization
        of
        Class A Certificates or Class M Certificates. 

       

      In
        the
        event that any Class A Certificate or Class M Certificate is resecuritized
        in a
        REMIC (the “Resecuritization REMIC”), for federal income tax purposes, (i)
        payments on the REMIC IV Regular Interest corresponding to such Class A
        Certificate or Class M Certificate shall, for the avoidance of doubt, be
        deemed
        to include the related Class IO Distribution Amount, and (ii) to the extent
        provided in the operative documents for the Resecuritization REMIC, (a) payments
        on the “regular interests” issued by the Resecuritization REMIC shall be deemed
        to include in the aggregate such Class IO Distribution Amount, and (b) such
        Class IO Distribution Amount shall be deemed paid to the holder of the related
        Class CE Certificates pursuant to a notional principal contract entered into
        by
        the holders of one or more “regular interests” issued by the Resecuritization
        REMIC (“Resecuritization Holders”) and the Holder of the related Class CE
        Certificates. In such event, Class IO Distribution Amounts deemed paid by
        Resecuritization Holders under clause (b) of the immediately preceding sentence
        shall be paid on behalf of such holders pursuant to Section 3.21(c) hereof
        with
        respect to Loan Group I and Section 3.22(c) hereof with respect to Loan Group
        II.

       

      Section
        3.26  Advancing
        Facility. 

       

      (a)  The
        Master Servicer and/or the Trustee on behalf of the Trust Fund, in either
        case,
        with the consent of the Master Servicer in the case of the Trustee and, in
        each
        case, with notice to the Rating Agencies, is hereby authorized to enter into
        a
        facility (the “Advancing Facility”) with any Person which provides that such
        Person (an “Advancing Person”) may fund Advances and/or Servicing Advances to
        the Trust Fund under this Agreement, although no such facility shall reduce
        or
        otherwise affect the Master Servicer’s obligation to fund such Advances and/or
        Servicing Advances. If the Master Servicer enters into such an Advancing
        Facility pursuant to this Section 3.26, upon reasonable request of the Advancing
        Person, the Trustee shall execute a letter of acknowledgment, confirming
        its
        receipt of notice of the existence of such Advancing Facility. To the extent
        that an Advancing Person funds any Advance or any Servicing Advance and provides
        the Trustee with notice acknowledged by the Master Servicer that such Advancing
        Person is entitled to reimbursement, such Advancing Person shall be entitled
        to
        receive reimbursement pursuant to this Agreement for such amount to the extent
        provided in Section 3.26(b). Such notice from the Advancing Person must specify
        the amount of the reimbursement, the Section of this Agreement that permits
        the
        applicable Advance or Servicing Advance to be reimbursed and the section(s)
        of
        the Advancing Facility that entitle the Advancing Person to request
        reimbursement from the Trustee, rather than the Master Servicer, and include
        the
        Master Servicer’s acknowledgment thereto or proof of an Event of Default under
        the Advancing Facility. The Trustee shall have no duty or liability with
        respect
        to any calculation of any reimbursement to be paid to an Advancing Person
        and
        shall be entitled to rely without independent investigation on the Advancing
        Person’s notice provided pursuant to this Section 3.26. An Advancing Person
        whose obligations hereunder are limited to the funding of Advances and/or
        Servicing Advances shall not be required to meet the qualifications of a
        Master
        Servicer or a subservicer pursuant to Section 8.02 hereof and will not be
        deemed
        to be a subservicer under this Agreement.

       

      (b)  If
        an
        Advancing Facility is entered into, then the Master Servicer shall not be
        permitted to reimburse itself therefor under Section 4.02(a)(ii), Section
        4.02(a)(iii) and Section 4.02(a)(v) prior to the remittance to the Trust
        Fund,
        but instead the Master Servicer shall include such amounts in the applicable
        remittance to the Trustee made pursuant to Section 4.02. The Trustee is hereby
        authorized to pay to the Advancing Person, reimbursements for Advances and
        Servicing Advances from the Distribution Account to the same extent the Master
        Servicer would have been permitted to reimburse itself for such Advances
        and/or
        Servicing Advances in accordance with Section 4.02(a)(ii), Section 4.02(a)(iii)
        or Section 4.02(a)(v), as the case may be, had the Master Servicer itself
        funded
        such Advance or Servicing Advance. The Trustee is hereby authorized to pay
        directly to the Advancing Person such portion of the Servicing Fee as the
        parties to any advancing facility agree.

       

      (c)  All
        Advances and Servicing Advances made pursuant to the terms of this Agreement
        shall be deemed made and shall be reimbursed on a “first in-first out” (FIFO)
        basis.

       

      (d)  Any
        amendment to this Section 3.26 or to any other provision of this Agreement
        that
        may be necessary or appropriate to effect the terms of an Advancing Facility
        as
        described generally in this Section 3.26, including amendments to add provisions
        relating to a Successor Master Servicer, may be entered into by the Trustee
        and
        the Master Servicer without the consent of any Certificateholder,
        notwithstanding anything to the contrary in this Agreement.

       

       

       

      ARTICLE
        IV

      ACCOUNTS

       

      Section
        4.01  Collection
        of Mortgage Loan Payments; Protected Account. 

       

      (a)  The
        Master Servicer shall make reasonable efforts in accordance with customary
        and
        usual standards of practice of prudent mortgage lenders in the respective
        states
        in which the Mortgaged Properties are located to collect all payments called
        for
        under the terms and provisions of the Mortgage Loans to the extent such
        procedures shall be consistent with this Agreement and the terms and provisions
        of any related Required Insurance Policy. Consistent with the foregoing,
        the
        Master Servicer may in its discretion (i) waive any late payment charge and
        (ii)
        extend the due dates for payments due on a Mortgage Note for a period not
        greater than 125 days. In the event of any such arrangement, the Master Servicer
        shall make Advances on the related Mortgage Loan during the scheduled period
        in
        accordance with the amortization schedule of such Mortgage Loan without
        modification thereof by reason of such arrangements, and shall be entitled
        to
        reimbursement therefor in accordance with Section 5.01. The Master Servicer
        shall not be required to institute or join in litigation with respect to
        collection of any payment (whether under a Mortgage, Mortgage Note or otherwise
        or against any public or governmental authority with respect to a taking
        or
        condemnation) if it reasonably believes that enforcing the provision of the
        Mortgage or other instrument pursuant to which such payment is required is
        prohibited by applicable law. In
        addition, if (x) a Mortgage Loan is in default or default is reasonably
        foreseeable, the Master Servicer may also waive, modify or vary any term
        of any
        Mortgage Loan or consent to the postponement of strict compliance with any
        such
        term or in any manner grant indulgence to any mortgagor, including without
        limitation, to (1) capitalize any amounts owing on the Mortgage Loan by adding
        such amount to the outstanding principal balance of the Mortgage Loan, (2)
        defer
        such amounts to a later date or the final payment date of such Mortgage Loan,
        (3) extend the maturity of any such Mortgage Loan, but in no instance past
        the
        date on which the final payment is due on the latest maturing Mortgage Loan
        as
        of the Cut-off Date, and/or (4) reduce the related Mortgage Rate (subject
        to
        clause (y) below), provided that, in the Master Servicer’s determination, such
        waiver, modification, postponement or indulgence is not materially adverse
        to
        the interests of the Certificateholders (taking into account any estimated
        Realized Loss that might result absent such action),
        or (y)
        the Master Servicer delivers to the Trustee a certification addressed to
        the
        Trustee, based on the advice of counsel or certified public accountants,
        in
        either case, that have a national reputation with respect to taxation of
        REMICs,
        that a modification of such Mortgage Loan will not result in the imposition
        of
        taxes on or disqualify from REMIC status any of REMIC I, REMIC II, REMIC
        III,
        REMIC IV, REMIC V, REMIC VI, REMIC VII, REMIC VIII, REMIC IX or REMIC X,
        the
        Master Servicer may, (A) amend the related Mortgage Note to reduce the Mortgage
        Rate applicable thereto, provided that such reduced Mortgage Rate shall in
        no
        event be lower than 5.00% with respect to any Mortgage Loan and (B) amend
        any
        Mortgage Note to extend the maturity thereof.

       

      (b)  The
        Master Servicer shall not waive (or permit a sub-servicer to waive) any
        Prepayment Charge unless: (i) the enforceability thereof shall have been
        limited
        by bankruptcy, insolvency, moratorium, receivership and other similar laws
        relating to creditors’ rights generally, (ii) the enforcement thereof is
        illegal, or any local, state or federal agency has threatened legal action
        if
        the prepayment penalty is enforced, (iii) the mortgage debt has been accelerated
        in connection with a foreclosure or other involuntary payment or (iv) such
        waiver is standard and customary in servicing similar Mortgage Loans and
        relates
        to a default or a reasonably foreseeable default and would, in the reasonable
        judgment of the Master Servicer, maximize recovery of total proceeds taking
        into
        account the value of such Prepayment Charge and the related Mortgage Loan.
        If
        a
        Prepayment Charge is waived, but does not meet the standards described above,
        then the Master Servicer is required to pay the amount of such waived Prepayment
        Charge, for the benefit of the related Class P Certificates, by remitting
        such
        amount to the Trustee by the Distribution Account Deposit Date with respect
        to
        such Loan Group.

       

      (c)  The
        Master Servicer shall establish and maintain a Protected Account (which shall
        at
        all times be an Eligible Account) with a depository institution in the name
        of
        the Master Servicer for the benefit of the Trustee on behalf of the
        Certificateholders and designated “EMC Mortgage Corporation, as Master Servicer,
        for the benefit of LaSalle Bank National Association, in trust for registered
        Holders of Bear Stearns Asset Backed Securities I LLC, Asset-Backed
        Certificates, Series 2006-AQ1”. The Master Servicer shall deposit or cause to be
        deposited into the Protected Account on a daily basis within two Business
        Days
        of receipt and identification, except as otherwise specifically provided
        herein,
        the following payments and collections remitted by subservicers or received
        by
        it in respect of the Mortgage Loans subsequent to the Cut-off Date (other
        than
        in respect of principal and interest due on the Mortgage Loans on or before
        the
        Cut-off Date) and the following amounts required to be deposited
        hereunder:

       

      (i)  with
        respect to each Loan Group, all payments on account of principal, including
        Principal Prepayments, on the Mortgage Loans;

       

      (ii)  with
        respect to each Loan Group, all payments on account of interest on the Mortgage
        Loans net of the Servicing Fee permitted under Section 3.10 and LPMI Fees,
        if
        any;

       

      (iii)  with
        respect to each Loan Group, all Liquidation Proceeds, Subsequent Recoveries
        and
        Insurance Proceeds, other than proceeds to be applied to the restoration
        or
        repair of the Mortgaged Property or released to the Mortgagor in accordance
        with
        the Master Servicer’s normal servicing procedures;

       

      (iv)  with
        respect to each Loan Group, any amount required to be deposited by the Master
        Servicer pursuant to Section 4.01(c) in connection with any losses on Permitted
        Investments;

       

      (v)  with
        respect to each Loan Group, any amounts required to be deposited by the Master
        Servicer pursuant to Section 3.05;

       

      (vi)  with
        respect to each Loan Group, any Prepayment Charges collected on the Mortgage
        Loans; and

       

      (vii)  with
        respect to each Loan Group, any other amounts required to be deposited
        hereunder.

       

      The
        foregoing requirements for remittance by the Master Servicer into the Protected
        Account shall be exclusive, it being understood and agreed that, without
        limiting the generality of the foregoing, payments in the nature of late
        payment
        charges or assumption fees, if collected, need not be remitted by the Master
        Servicer. In the event that the Master Servicer shall remit any amount with
        respect to a Loan Group not required to be remitted and not otherwise subject
        to
        withdrawal pursuant to Section 4.02, it may at any time withdraw or direct
        the
        institution maintaining the Protected Account, to withdraw such amount from
        the
        Protected Account with respect to such Loan Group, any provision herein to
        the
        contrary notwithstanding. Such withdrawal or direction may be accomplished
        by
        delivering written notice thereof to the institution maintaining the Protected
        Account, that describes the amounts deposited in error in the Protected Account.
        The Master Servicer shall maintain adequate records with respect to all
        withdrawals made pursuant to this Section. Reconciliations will be prepared
        for
        the Protected Account within 45 calendar days after the bank statement cut-off
        date. All funds deposited in the Protected Account shall be held in trust
        for
        the related Certificateholders until withdrawn in accordance with Section
        4.02.

       

      (d)  The
        institution that maintains the Protected Account shall invest the funds in
        the
        Protected Account, in the manner directed by the Master Servicer, in Permitted
        Investments which shall mature not later than the Remittance Date and shall
        not
        be sold or disposed of prior to its maturity. All such Permitted Investments
        shall be made in the name of the Trustee, for the benefit of the
        Certificateholders. All income and gain net of any losses realized from any
        such
        investment shall be for the benefit of the Master Servicer as servicing
        compensation and shall be remitted to it monthly as provided herein. The
        amount
        of any losses incurred in the Protected Account in respect of any such
        investments shall be deposited by the Master Servicer into the Protected
        Account, out of the Master Servicer’s own funds.

       

      (e)  The
        Master Servicer shall give at least 30 days advance notice to the Trustee,
        the
        Sellers, each Rating Agency and the Depositor of any proposed change of location
        of the Protected Account prior to any change thereof.

       

      Section
        4.02  Permitted
        Withdrawals From the Protected Account. 

       

      (a)  The
        Master Servicer may from time to time make withdrawals from the Protected
        Account with respect to the related Loan Group for the following
        purposes:

       

      (i)  to
        pay
        itself (to the extent not previously paid to or withheld by the Master
        Servicer), as servicing compensation in accordance with Section 3.10, that
        portion of any payment of interest that equals the Servicing Fee for the
        period
        with respect to which such interest payment was made, and, as additional
        servicing compensation, those other amounts set forth in Section
        3.10;

       

      (ii)  to
        reimburse the Master Servicer for Advances made by it with respect to the
        related Mortgage Loans; provided, however, that the Master Servicer’s right of
        reimbursement pursuant to this subclause (ii) shall be limited to amounts
        received on particular Mortgage Loan(s) (including, for this purpose,
        Liquidation Proceeds, Insurance Proceeds and Subsequent Recoveries) that
        represent late recoveries of payments of principal and/or interest on such
        particular Mortgage Loan(s) in respect of which any such Advance was
        made;

       

      (iii)  to
        reimburse the Master Servicer for any previously made portion of a Servicing
        Advance or an Advance made by the Master Servicer that, in the good faith
        judgment of the Master Servicer, will not be ultimately recoverable by it
        from
        the related Mortgagor, any related Liquidation Proceeds, Insurance Proceeds
        or
        otherwise (a “Nonrecoverable Advance”), to the extent not reimbursed pursuant to
        clause (ii) or clause (v);

       

      (iv)  to
        reimburse the Master Servicer from Insurance Proceeds for Insured Expenses
        covered by the related Insurance Policy;

       

      (v)  to
        pay
        the Master Servicer any unpaid Servicing Fees and to reimburse it for any
        unreimbursed Servicing Advances, provided, however, that the Master Servicer’s
        right to reimbursement for Servicing Advances pursuant to this subclause
        (v)
        with respect to any Mortgage Loan shall be limited to amounts received on
        particular Mortgage Loan(s) (including, for this purpose, Liquidation Proceeds,
        Insurance Proceeds, Subsequent Recoveries and purchase and repurchase proceeds)
        that represent late recoveries of the payments for which such Servicing Advances
        were made;

       

      (vi)  to
        pay to
        the Seller, with respect to each Mortgage Loan or property acquired in respect
        thereof that has been purchased pursuant to Section 2.02, 2.03 or 3.19 of
        this
        Agreement, all amounts received thereon and not taken into account in
        determining the related Stated Principal Balance of such repurchased Mortgage
        Loan;

       

      (vii)  to
        pay
        any expenses recoverable by the Master Servicer pursuant to Section 7.04
        of this
        Agreement;

       

      (viii)  to
        withdraw pursuant to Section 4.01 any amount deposited in the Protected Account
        and not required to be deposited therein; and

       

      (ix)  to
        clear
        and terminate the Protected Account upon termination of this Agreement pursuant
        to Section 10.01 hereof.

       

      In
        addition, no later than 10:00 a.m. Eastern time on the Distribution Account
        Deposit Date, the Master Servicer shall withdraw from the Protected Account
        and
        remit to the Trustee the amount of Interest Funds (without taking into account
        any reduction in the amount of Interest Funds attributable to the application
        of
        clause (c) of the definition thereof contained in Article I of this Agreement)
        and Principal Funds collected, to the extent on deposit, and the Trustee
        shall
        deposit such amount in the Distribution Account. In addition, on or before
        the
        Distribution Account Deposit Date, the Master Servicer shall remit to the
        Trustee for deposit in the Distribution Account any Advances or any payments
        of
        Compensating Interest required to be made by the Master Servicer with respect
        to
        the Mortgage Loans. Furthermore, on each Distribution Account Deposit Date,
        the
        Master Servicer shall remit to the Trustee all Prepayment Charges collected
        by
        the Master Servicer with respect to the Mortgage Loans during the related
        Prepayment Period. If the Master Servicer fails to remit any funds due by
        the
        time designated herein, the Master Servicer shall pay to the Trustee, out
        of its
        own funds, interest accrued at the prime rate as set forth in the Wall Street
        Journal, from and including the applicable due date, to but excluding the
        day
        such funds are paid to the Trustee.

       

      The
        Master Servicer shall keep and maintain separate accounting, on a Mortgage
        Loan
        by Mortgage Loan basis, for the purpose of justifying any withdrawal from
        the
        Protected Account pursuant to subclauses (i), (ii), (iv), (v), (vi) and (vii)
        above. Prior to making any withdrawal from the Protected Account pursuant
        to
        subclause (iii), the Master Servicer shall deliver to the Trustee an Officer’s
        Certificate of a Servicing Officer indicating the amount of any previous
        Advance
        or Servicing Advance determined by the Master Servicer to be a Nonrecoverable
        Advance and identifying the related Mortgage Loan(s), and their respective
        portions of such Nonrecoverable Advance.

       

      Section
        4.03  Collection
        of Taxes; Assessments and Similar Items; Escrow Accounts. 

       

      With
        respect to each Mortgage Loan, to the extent required by the related Mortgage
        Note, the Master Servicer shall establish and maintain one or more accounts
        (each, an “Escrow Account”) and deposit and retain therein all collections from
        the Mortgagors (or advances by the Master Servicer) for the payment of taxes,
        assessments, hazard insurance premiums or comparable items for the account
        of
        the Mortgagors. Nothing herein shall require the Master Servicer to compel
        a
        Mortgagor to establish an Escrow Account in violation of applicable
        law.

       

      Withdrawals
        of amounts so collected from the Escrow Accounts may be made only to effect
        timely payment of taxes, assessments, hazard insurance premiums, condominium
        or
        PUD association dues, or comparable items, to reimburse the Master Servicer
        out
        of related collections for any payments made with respect to each Mortgage
        Loan
        pursuant to Section 3.01 (with respect to taxes and assessments and insurance
        premiums) and Section 3.05 (with respect to hazard insurance), to refund
        to any
        Mortgagors for any Mortgage Loans any sums as may be determined to be overages,
        to pay interest, if required by law or the terms of the related Mortgage
        or
        Mortgage Note, to such Mortgagors on balances in the Escrow Account or to
        clear
        and terminate the Escrow Account at the termination of this Agreement in
        accordance with Section 10.01 thereof. The Escrow Account shall not be a
        part of
        the Trust Fund.

       

      Section
        4.04  Distribution
        Account. 

       

      (a)  The
        Trustee shall establish and maintain in the name of the Trustee, for the
        benefit
        of the Certificateholders, the Distribution Account as a segregated trust
        account or accounts.

       

      (b)  All
        amounts deposited to the Distribution Account shall be held by the Trustee
        in
        the name of the Trustee in trust for the benefit of the Certificateholders
        in
        accordance with the terms and provisions of this Agreement.

       

      (c)  The
        Distribution Account shall constitute an Eligible Account of the Trust Fund
        segregated on the books of the Trustee and held by the Trustee and the
        Distribution Account and the funds deposited therein shall not be subject
        to,
        and shall be protected from, all claims, liens, and encumbrances of any
        creditors or depositors of the Trustee (whether made directly, or indirectly
        through a liquidator or receiver of the Trustee). The amount at any time
        credited to the Distribution Account may be invested in the name of the Trustee,
        in such Permitted Investments, or deposited in demand deposits with such
        depository institutions, as determined by the Trustee. All Permitted Investments
        shall mature or be subject to redemption or withdrawal on or before, and
        shall
        be held until, the next succeeding Distribution Date if the obligor for such
        Permitted Investment is the Trustee or, if such obligor is any other Person,
        the
        Business Day preceding such Distribution Date. All investment earnings on
        amounts on deposit in the Distribution Account or benefit from funds uninvested
        therein from time to time shall be for the account of the Trustee. The Trustee
        shall be permitted to withdraw or receive distribution of any and all investment
        earnings from the Distribution Account on each Distribution Date. If there
        is
        any loss on a Permitted Investment or demand deposit, the Trustee shall deposit
        the amount of the loss from its own funds in the Distribution Account not
        later
        than the applicable Distribution Date on which the moneys so invested are
        required to be distributed to the Certificateholders. With respect to the
        Distribution Account and the funds deposited therein, the Trustee shall take
        such action as may be necessary to ensure that the Certificateholders shall
        be
        entitled to the priorities afforded to such a trust account (in addition
        to a
        claim against the estate of the Trustee) as provided by 12 U.S.C. § 92a(e), and
        applicable regulations pursuant thereto, if applicable, or any applicable
        comparable state statute applicable to state chartered banking
        corporations.

       

      Section
        4.05  Permitted
        Withdrawals and Transfers from the Distribution Account. 

       

      (a)  The
        Trustee will make or cause to be made such withdrawals or transfers from
        the
        Distribution Account for the following purposes:

       

      (i)  to
        pay to
        itself the Trustee Fee;

       

      (ii)  to
        reimburse the Trustee, Supplemental Interest Trust Trustees or the Swap
        Administrator for expenses, costs and liabilities incurred by or reimbursable
        to
        it pursuant to this Agreement;

       

      (iii)  to
        pay
        investment income to the Trustee;

       

      (iv)  to
        remove
        amounts deposited in error;

       

      (v)  with
        respect to each Loan Group, to make distributions to the Swap Administrator
        for
        payment to the related Swap Provider as provided in this Agreement;
        and

       

      (vi)  to
        clear
        and terminate the Distribution Account pursuant to Section 10.01.

       

      (b)  On
        each
        Distribution Date, the Trustee shall distribute Interest Funds with respect
        to
        each Loan Group and Principal Funds with respect to each Loan Group in the
        Distribution Account to the Holders of the Certificates in accordance with
        Section 5.04.

       

      Section
        4.06  Class
        I-P Certificate Account. 

       

      (a)  The
        Trustee shall establish and maintain in the name of the Trustee, for the
        benefit
        of the Class I-P Certificateholders, the Class I-P Certificate Account as
        a
        segregated trust account or accounts.

       

      (b)  On
        the
        Closing Date, the Depositor will deposit, or cause to be deposited in the
        Class
        I-P Certificate Account, an amount equal to $100. All amounts deposited to
        the
        Class I-P Certificate Account shall be held by the Trustee in the name of
        the
        Trustee in trust for the benefit of the Class I-P Certificateholders in
        accordance with the terms and provisions of this Agreement. The amount on
        deposit in the Class I-P Certificate Account shall be held
        uninvested.

       

      Section
        4.07  Class
        II-P Certificate Account. 

       

      (a)  The
        Trustee shall establish and maintain in the name of the Trustee, for the
        benefit
        of the Class II-P Certificateholders, the Class II-P Certificate Account
        as a
        segregated trust account or accounts.

       

      (b)  On
        the
        Closing Date, the Depositor will deposit, or cause to be deposited in the
        Class
        II-P Certificate Account, an amount equal to $100. All amounts deposited
        to the
        Class II-P Certificate Account shall be held by the Trustee in the name of
        the
        Trustee in trust for the benefit of the Class II-P Certificateholders in
        accordance with the terms and provisions of this Agreement. The amount on
        deposit in the Class II-P Certificate Account shall be held
        uninvested.

       

       

       

      ARTICLE
        V

      DISTRIBUTIONS
        AND ADVANCES

       

      Section
        5.01  Advances. 

       

      The
        Master Servicer shall, or shall cause the related subservicer pursuant to
        the
        Subservicing Agreement to, make an Advance (other than any balloon payments)
        and
        deposit such Advance in the Protected Account with respect to the related
        Loan
        Group. Each such Advance shall be remitted to the Distribution Account with
        respect to the related Loan Group no later than 10:00 a.m. Eastern time on
        the
        Distribution Account Deposit Date in immediately available funds. The Master
        Servicer shall be obligated to make any such Advance only to the extent that
        such advance would not be a Nonrecoverable Advance. If the Master Servicer
        shall
        have determined that it has made a Nonrecoverable Advance or that a proposed
        Advance or a lesser portion of such Advance would constitute a Nonrecoverable
        Advance, the Master Servicer shall deliver (i) to the Trustee for the benefit
        of
        the Certificateholders the portion of such Advance that
        is
        not deemed Nonrecoverable,
        if
        applicable, and (ii) to the Depositor, each Rating Agency, and the Trustee
        an
        Officer’s Certificate setting forth the basis for such determination. Subject to
        the Master Servicer’s recoverability determination, in the event that a
        subservicer fails to make a required Advance, the Master Servicer shall be
        required to remit the amount of such Advance to the Distribution Account
        with
        respect to the related Loan Group.

       

      In
        lieu
        of making all or a portion of such Advance from its own funds, the Master
        Servicer may (i) cause to be made an appropriate entry in its records relating
        to the Protected Account that any Amount Held for Future Distributions with
        respect to the related Loan Group has been used by the Master Servicer in
        discharge of its obligation to make any such Advance and (ii) transfer such
        funds from the Protected Account with respect to the related Loan Group to
        the
        Distribution Account. Any funds so applied and transferred shall be replaced
        by
        the Master Servicer by deposit in the Distribution Account with respect to
        the
        related Loan Group, no later than the close of business on the Business Day
        immediately preceding the Distribution Date on which such funds are required
        to
        be distributed pursuant to this Agreement.

       

      Unless
        otherwise described in this Pooling and Servicing Agreement, the Master Servicer
        shall discontinue making advances with respect to any second lien Mortgage
        Loan
        that becomes 60 days delinquent. If the Master Servicer determines that a
        net
        recovery is possible through foreclosure proceedings or other disposition
        of the
        second lien Mortgage Loan that becomes 60 days Delinquent, the Master Servicer
        may continue making advances on such second lien Mortgage Loan.

       

      The
        Master Servicer shall be entitled to be reimbursed from the Protected Account
        with respect to the related Loan Group for all Advances of its own funds
        made
        pursuant to this Section as provided in Section 4.02. The obligation to make
        Advances with respect to any Mortgage Loan shall continue until such Mortgage
        Loan is paid in full or the related Mortgaged Property or related REO Property
        has been liquidated or until the purchase or repurchase thereof (or substitution
        therefor) from the Trust Fund pursuant to any applicable provision of this
        Agreement, except as otherwise provided in this Section 5.01.

       

      Subject
        to and in accordance with the provisions of Article VIII hereof, in the event
        the Master Servicer fails to make such Advance, then the Trustee, as Successor
        Master Servicer, or any other Successor Master Servicer appointed hereunder,
        shall be obligated to make such Advance, subject to the provisions of this
        Section 5.01.

       

      Section
        5.02  Compensating
        Interest Payments. 

       

      In
        the
        event that there is a Prepayment Interest Shortfall arising from a voluntary
        Principal Prepayment in part or in full by the Mortgagor with respect to
        any
        Mortgage Loan, the Master Servicer shall, to the extent of the Servicing
        Fee for
        such Distribution Date, deposit into the Distribution Account with respect
        to
        the related Loan Group, as a reduction of the Servicing Fee for such
        Distribution Date, no later than the close of business on the Business Day
        immediately preceding such Distribution Date, an amount equal to such Prepayment
        Interest Shortfall; and in case of such deposit, the Master Servicer shall
        not
        be entitled to any recovery or reimbursement from the Depositor, the Trustee,
        the Seller, the Trust Fund or the related Certificateholders.

       

      Section
        5.03  REMIC
        Distributions. 

       

      On
        each
        Distribution Date the Trustee shall be deemed to have allocated distributions
        to
        the REMIC I Regular Interests, REMIC II Regular Interests, REMIC III Regular
        Interests and REMIC IV Regular Interests in accordance with Section 5.07
        hereof.

       

      Section
        5.04  Distributions. 

       

      (a)  Subject
        to Section 3.21(c), on each Distribution Date, an amount equal to the Interest
        Funds and Principal Funds for Loan Group I for such Distribution Date shall
        be
        withdrawn by the Trustee from the Distribution Account and distributed in
        the
        following order of priority:

       

      (1)  From
        Interest Funds in respect of Loan Group I shall be distributed in the following
        manner and order of priority:

       

      (A)  From
        Interest Funds in respect of Subgroup I-1, to the Class I-1A-1, Class I-1A-2
        and
        Class I-1A-3 Certificates, the Current Interest and then any Interest Carry
        Forward Amount for each such Class, on a pro
        rata
        basis,
        based on the entitlement of each such Class; and

       

      (B)  From
        Interest Funds in respect of Subgroup I-2, to the Class I-2A Certificates,
        the
        Current Interest and then any Interest Carry Forward Amount for such Class;
        

       

      (C)  From
        remaining Interest Funds in respect of Subgroup I-1, to the Class I-2A
        Certificates, the remaining Current Interest, if any, and the remaining Interest
        Carry Forward Amount, if any for such Class; and 

       

      (D)  From
        remaining Interest Funds in respect of Subgroup I-2, to the Class I-1A
        Certificates, the remaining Current Interest, if any, and the remaining Interest
        Carry Forward Amount, if any for such Classes, pro
        rata,
        based
        on the entitlement of each such Class; and

       

      (E)  From
        remaining Interest Funds in respect of Loan Group I, sequentially, to the
        Class
        I-M-1, Class I-M-2, Class I-M-3, Class I-M-4, Class I-M-5, Class I-M-6, Class
        I-M-7, Class I-M-8, Class I-M-9 and Class I-M-10 Certificates, in that order,
        the Current Interest for each such Class.

       

      Any
        Excess Spread with respect to Loan Group I to the extent necessary to meet
        a
        level of overcollateralization equal to the Group I Overcollateralization
        Target
        Amount shall be the Group I Extra Principal Distribution Amount and shall
        be
        included as part of the related Principal Distribution Amount. Any related
        Remaining Excess Spread together with any Group I Overcollateralization Release
        Amount will be applied as Excess Cashflow with respect to Loan Group I and
        distributed pursuant to clauses (a)(4)(A) through (H) below.

       

      On
        any
        Distribution Date, any Relief Act Interest Shortfalls and any Prepayment
        Interest Shortfalls with respect to the Group I Mortgage Loans to the extent
        not
        covered by Compensating Interest will be allocated to the Group I Certificates
        as set forth in the definition of “Current Interest” herein and Section
        1.02.

       

      (2)  On
        each
        Distribution Date, the Principal Distribution Amount with respect to Loan
        Group
        I shall be distributed in the following manner and order of
        priority:

       

      (A)  For
        each
        Distribution Date (i) prior to the Group I Stepdown Date or (ii) on which
        a
        Group I Trigger Event is in effect:

       

      	(i)  	
              To
                the Class I-A Certificates, the related Principal Distribution Amount
                for
                such Distribution Date to be distributed as
                follows:

            

       

      (1)  from
        the
        Subgroup I-1 Principal Distribution Amount for such Distribution Date,
        sequentially to the Class I-1A-1, Class I-1A-2 and Class I-1A-3 Certificates,
        in
        that order, in each case until the Certificate Principal Balance thereof
        is
        reduced to zero; and

       

      (2)  from
        the
        Subgroup I-2 Principal Distribution Amount for such Distribution Date, to
        the
        Class I-2A Certificates, until the Certificate Principal Balance thereof
        is
        reduced to zero; 

       

      	(ii)  	
              To
                the Class I-M-1 Certificates, from any remaining Principal Distribution
                Amount in respect of Loan Group I for such Distribution Date, until
                the
                Certificate Principal Balance thereof is reduced to
                zero;

            

       

      	(iii)  	
              To
                the Class I-M-2 Certificates, from any remaining Principal Distribution
                Amount in respect of Loan Group I for such Distribution Date, until
                the
                Certificate Principal Balance thereof is reduced to
                zero;

            

       

      	(iv)  	
              To
                the Class I-M-3 Certificates, from any remaining Principal Distribution
                Amount in respect of Loan Group I for such Distribution Date, until
                the
                Certificate Principal Balance thereof is reduced to
                zero;

            

       

      	(v)  	
              To
                the Class I-M-4 Certificates, from any remaining Principal Distribution
                Amount in respect of Loan Group I for such Distribution Date, until
                the
                Certificate Principal Balance thereof is reduced to
                zero;

            

       

      	(vi)  	
              To
                the Class I-M-5 Certificates, from any remaining Principal Distribution
                Amount in respect of Loan Group I for such Distribution Date, until
                the
                Certificate Principal Balance thereof is reduced to
                zero;

            

       

      	(vii)  	
              To
                the Class I-M-6 Certificates, from any remaining Principal Distribution
                Amount in respect of Loan Group I for such Distribution Date, until
                the
                Certificate Principal Balance thereof is reduced to zero;
                

            

       

      	(viii)  	
              To
                the Class I-M-7 Certificates, from any remaining Principal Distribution
                Amount in respect of Loan Group I for such Distribution Date, until
                the
                Certificate Principal Balance thereof is reduced to zero;
                

            

       

      	(ix)  	
              To
                the Class I-M-8 Certificates, from any remaining Principal Distribution
                Amount in respect of Loan Group I for such Distribution Date, until
                the
                Certificate Principal Balance thereof is reduced to
                zero;

            

       

      	(x)  	
              To
                the Class I-M-9 Certificates, from any remaining Principal Distribution
                Amount in respect of Loan Group I for such Distribution Date, until
                the
                Certificate Principal Balance thereof is reduced to zero;
                and

            

       

      
        	 	
                (xi)

              	
                To
                  the Class I-M-10 Certificates, from any remaining Principal Distribution
                  Amount in respect of Loan Group I for such Distribution Date, until
                  the
                  Certificate Principal Balance thereof is reduced to
                  zero.

              

      

       

      (B)  For
        each
        Distribution Date on or after the Group I Stepdown Date, so long as a Group
        I
        Trigger Event is not in effect:

       

      	(i)  	
              To
                the Class I-A Certificates, the related Principal Distribution Amount
                for
                such Distribution Date to be distributed as
                follows:

            

       

      (1)  from
        the
        Subgroup I-1 Principal Distribution Amount for such Distribution Date,
        sequentially to the Class I-1A-1, Class I-1A-2 and Class I-1A-3 Certificates,
        in
        that order, the Class I-1A Principal Distribution Amount for such Distribution
        Date, in each case until the Certificate Principal Balance thereof is reduced
        to
        zero; and

       

      (2)  from
        the
        Subgroup I-2 Principal Distribution Amount for such Distribution Date, to
        the
        Class I-2A Certificates, the Class I-2A Principal Distribution Amount for
        such
        Distribution Date, until the Certificate Principal Balance thereof is reduced
        to
        zero; 

       

      	(ii)  	
              To
                the Class I-M-1 Certificates, from any remaining Principal Distribution
                Amount in respect of Loan Group I for such Distribution Date, the
                Class
                I-M-1 Principal Distribution Amount for such Distribution Date, until
                the
                Certificate Principal Balance thereof is reduced to zero;

            

       

      	(iii)  	
              To
                the Class I-M-2 Certificates, from any remaining Principal Distribution
                Amount in respect of Loan Group I for such Distribution Date, the
                Class
                I-M-2 Principal Distribution Amount for such Distribution Date, until
                the
                Certificate Principal Balance thereof is reduced to
                zero;

            

       

      	(iv)  	
              To
                the Class I-M-3 Certificates, from any remaining Principal Distribution
                Amount in respect of Loan Group I for such Distribution Date, the
                Class
                I-M-3 Principal Distribution Amount for such Distribution Date, until
                the
                Certificate Principal Balance thereof is reduced to
                zero;

            

       

      	(v)  	
              To
                the Class I-M-4 Certificates, from any remaining Principal Distribution
                Amount in respect of Loan Group I for such Distribution Date, the
                Class
                I-M-4 Principal Distribution Amount for such Distribution Date, until
                the
                Certificate Principal Balance thereof is reduced to
                zero;

            

       

      	(vi)  	
              To
                the Class I-M-5 Certificates, from any remaining Principal Distribution
                Amount in respect of Loan Group I for such Distribution Date, the
                Class
                I-M-5 Principal Distribution Amount for such Distribution Date, until
                the
                Certificate Principal Balance thereof is reduced to
                zero;

            

       

      	(vii)  	
              To
                the Class I-M-6 Certificates, from any remaining Principal Distribution
                Amount in respect of Loan Group I for such Distribution Date, the
                Class
                I-M-6 Principal Distribution Amount for such Distribution Date, until
                the
                Certificate Principal Balance thereof is reduced to zero;
                

            

       

      	(viii)  	
              To
                the Class I-M-7 Certificates, from any remaining Principal Distribution
                Amount in respect of Loan Group I for such Distribution Date, the
                Class
                I-M-7 Principal Distribution Amount for such Distribution Date, until
                the
                Certificate Principal Balance thereof is reduced to zero;
                

            

       

      	(ix)  	
              To
                the Class I-M-8 Certificates, from any remaining Principal Distribution
                Amount in respect of Loan Group I for such Distribution Date, the
                Class
                I-M-8 Principal Distribution Amount for such Distribution Date, until
                the
                Certificate Principal Balance thereof is reduced to
                zero;

            

       

      	(x)  	
              To
                the Class I-M-9 Certificates, from any remaining Principal Distribution
                Amount in respect of Loan Group I for such Distribution Date, the
                Class
                I-M-9 Principal Distribution Amount for such Distribution Date, until
                the
                Certificate Principal Balance thereof is reduced to zero; and
                

            

       

      	(xi)  	
              To
                the Class I-M-10 Certificates, from any remaining Principal Distribution
                Amount in respect of Loan Group I for such Distribution Date, the
                Class
                I-M-10 Principal Distribution Amount for such Distribution Date,
                until the
                Certificate Principal Balance thereof is reduced to
                zero.

            

       

      (3)  Notwithstanding
        the provisions of clauses (2)(A) and (B) above, if on any Distribution Date
        the
        Class I-A Certificates related to a Subgroup are no longer outstanding, the
        pro
        rata portion of the related Principal Distribution Amount or the applicable
        Class I-A Principal Distribution Amount, as applicable, otherwise allocable
        to
        such Class I-A Certificates will be allocated to the Class I-A Certificates
        related to the other Subgroup in the same manner and order of priority described
        above.

       

      (4)  Any
        Excess Cashflow with respect to Loan Group I shall be distributed in the
        following manner and order of priority:

       

      (A)  Excess
        Cashflow with respect to Loan Group I, to the Class I-A Certificates, (a)
        first,
        any remaining Interest Carry Forward Amount for such Classes, pro
        rata,
        in
        accordance with the Interest Carry Forward Amount due with respect to each
        such
        Class, to the extent not fully paid pursuant to clause (a)(1) above and Section
        3.21(d) and (b) second, any Unpaid Realized Loss Amount for such Classes
        for
        such Distribution Date, pro
        rata,
        in
        accordance with the Applied Realized Loss Amount allocated to each such
        Class;

       

      (B)  From
        any
        remaining Excess Cashflow with respect to Loan Group I, sequentially, to
        the
        Class I-M-1, Class I-M-2, Class I-M-3, Class I-M-4, Class I-M-5, Class I-M-6,
        Class I-M-7, Class I-M-8, Class I-M-9 and Class I-M-10 Certificates, in that
        order, an amount equal to the Interest Carry Forward Amount for each such
        Class
        for such Distribution Date to the extent not fully paid pursuant to Section
        3.21(d);

       

      (C)  From
        any
        remaining Excess Cashflow with respect to Loan Group I otherwise distributable
        to the Class I-CE Interest and the Class I-CE Certificates, to the Group
        I
        Reserve Fund, (i) first, to pay to the Classes of Class I-A Certificates,
        any
        Basis Risk Shortfall Carry Forward Amount for such Classes for such Distribution
        Date, on a pro
        rata
        basis,
        based on the amount of the Basis Risk Shortfall Carry Forward Amount for
        each
        such Class to the extent not paid pursuant to Section 3.21(d) and to the
        extent
        such amount exceeds the amounts then on deposit in the Group I Reserve Fund,
        and
        (ii) second, to maintain a balance in the Group I Reserve Fund equal to the
        Group I Reserve Fund Deposit;

       

      (D)  From
        any
        remaining Excess Cashflow with respect to Loan Group I otherwise distributable
        to the Class I-CE Interest and the Class I-CE Certificates, to the Group
        I
        Reserve Fund, (i) first, to pay to the Class I-M-1, Class I-M-2, Class I-M-3,
        Class I-M-4, Class I-M-5, Class I-M-6, Class I-M-7, Class I-M-8, Class I-M-9
        and
        Class I-M-10 Certificates, sequentially in that order, any Basis Risk Shortfall
        Carry Forward Amount for each such Class for such Distribution Date, if any,
        in
        each case to the extent not paid pursuant to Section 3.21(d) and to the extent
        such amount exceeds the amounts then on deposit in the Group I Reserve Fund,
        and
        (ii) second, to maintain a balance in the Group I Reserve Fund equal to the
        Group I Reserve Fund Deposit;

       

      (E)  From
        any
        remaining Excess Cashflow with respect to Loan Group I, to the Class I-A
        Certificates, on a pro
        rata
        basis,
        based on the entitlement of each such Class, and then sequentially to the
        Class
        I-M-1, Class I-M-2, Class I-M-3, Class I-M-4, Class I-M-5, Class I-M-6, Class
        I-M-7, Class I-M-8, Class I-M-9 and Class I-M-10 Certificates, in that order,
        the amount of Relief Act Shortfalls and any Prepayment Interest Shortfalls
        allocated to such Classes of Certificates, to the extent not previously
        reimbursed;

       

      (F)  From
        any
        remaining Excess Cashflow with respect to Loan Group I, to the Swap
        Administrator for payment to the Group I Swap Provider, any Group I Swap
        Termination Payments due to a Group I Swap Provider Trigger Event owed by
        the
        Trust Fund with respect to Loan Group I (to the extent not paid by the Swap
        Administrator from any upfront payment received pursuant to any related
        replacement interest rate swap agreement that may be entered into by the
        Group I
        Supplemental Interest Trust Trustee);

       

      (G)  From
        any
        remaining Excess Cashflow with respect to Loan Group I, to the Class I-CE
        Interest and Class I-CE Certificates, an amount equal to the Class I-CE
        Distribution Amount reduced by amounts distributed in clauses (C) and (D)
        above;
        and

       

      (H)  From
        any
        remaining Excess Cashflow with respect to Loan Group I, to each of the Class
        I-R-1, Class I-R-2, Class I-R-3 and Class I-RX Certificates, based on the
        related REMIC in which such amounts remain.

       

      On
        each
        Distribution Date, all amounts with respect to Prepayment Charges with respect
        to Loan Group I shall be distributed to the Holders of the Class I-P Interest
        and the Class I-P Certificates, provided that such distributions shall not
        be in
        reduction of the principal balance thereof. On the Distribution Date immediately
        following the expiration of the latest Prepayment Charge term with respect
        to
        Loan Group I as identified on the Mortgage Loan Schedule, any amount on deposit
        in the Class I-P Certificate Account will be distributed to the Holders of
        the
        Class I-P Interest and the Class I-P Certificates in reduction of the
        Certificate Principal Balance thereof.

       

      In
        addition, notwithstanding the foregoing, on any Distribution Date after the
        Distribution Date on which the Certificate Principal Balance of a Class of
        Class
        I-A Certificates or Class I-M Certificates has been reduced to zero, that
        Class
        of Certificates will be retired and will no longer be entitled to distributions,
        including distributions in respect of Prepayment Interest Shortfalls or Basis
        Risk Shortfall Carry Forward Amounts.

       

      In
        addition, notwithstanding the foregoing clause (a)(2), to the extent a Group
        I
        Class IO Distribution Amount is payable from principal collections, Principal
        Distribution Amounts related to Loan Group I will be deemed paid to the most
        subordinate Class of Group I Regular Certificates (other than the Class I-P
        Certificates), until the Certificate Principal Balance thereof has been reduced
        to zero, and such amount will be paid pursuant to Section 3.21(f).

       

      (b)  Subject
        to Section 3.24(c), on
        each
        Distribution Date, an amount equal to the Interest Funds and Principal Funds
        for
        Loan Group II for such Distribution Date shall be withdrawn by the Trustee
        from
        the Distribution Account and distributed in the following order of
        priority:

       

      (1)  Interest
        Funds in respect of Loan Group II shall be distributed in the following manner
        and order of priority:

       

      (A)  To
        the
        Class II-A-1, Class II-A-2 and Class II-A-3 Certificates, the Current Interest
        and any Interest Carry Forward Amount for each such Class, on a pro
        rata
        basis,
        based on the entitlement of each such Class; and

       

      (B)  From
        remaining Interest Funds in respect of Loan Group II, sequentially to the
        Class
        II-M-1, Class II-M-2, Class II-M-3, Class II-M-4, Class II-M-5, Class II-M-6,
        Class II-M-7, Class II-M-8, Class II-M-9 and Class II-M-10 Certificates,
        in that
        order, the Current Interest for such Class. 

       

      Any
        Excess Spread with respect to Loan Group II to the extent necessary to meet
        a
        level of overcollateralization equal to the Group II Overcollateralization
        Target Amount shall be the Group II Extra Principal Distribution Amount and
        will
        be included as part of the related Principal Distribution Amount. Any related
        Remaining Excess Spread together with any Group II Overcollateralization
        Release
        Amount shall be applied as Excess Cashflow with respect to Loan Group II
        and
        distributed pursuant to clauses (b)(3)(A) through (H) below.

       

      On
        any
        Distribution Date, any Relief Act Interest Shortfalls and any Prepayment
        Interest Shortfalls with respect to the Group II Mortgage Loans to the extent
        not covered by Compensating Interest will be allocated to the Group II
        Certificates as set forth in the definition of “Current Interest” herein and
        Section 1.02.

       

      (2)  On
        each
        Distribution Date, the Principal Distribution Amount with respect to Loan
        Group
        II shall be distributed in the following manner and order of
        priority:

       

      (A)  For
        each
        Distribution Date (i) prior to the Group II Stepdown Date or (ii) on which
        a
        Group II Trigger Event is in effect:

       

      	(i)  	
              From
                the Principal Distribution Amount with respect to Loan Group II for
                such
                Distribution Date, sequentially, to the Class II-A-1, Class II-A-2
                and
                Class II-A-3 Certificates, in that order, in each case until the
                Certificate Principal Balance thereof is reduced to zero;
                

            

       

      	(ii)  	
              To
                the Class II-M-1 Certificates, from any remaining Principal Distribution
                Amount in respect of Loan Group II for such Distribution Date, the
                remaining Principal Distribution Amount with respect to Loan Group
                II,
                until the Certificate Principal Balance thereof is reduced to zero;
                

            

       

      	(iii)  	
              To
                the Class II-M-2 Certificates, from any remaining Principal Distribution
                Amount in respect of Loan Group II for such Distribution Date, the
                remaining Principal Distribution Amount with respect to Loan Group
                II,
                until the Certificate Principal Balance thereof is reduced to
                zero;

            

       

      	(iv)  	
              To
                the Class II-M-3 Certificates, from any remaining Principal Distribution
                Amount in respect of Loan Group II for such Distribution Date, the
                remaining Principal Distribution Amount with respect to Loan Group
                II,
                until the Certificate Principal Balance thereof is reduced to
                zero;

            

       

      	(v)  	
              To
                the Class II-M-4 Certificates, from any remaining Principal Distribution
                Amount in respect of Loan Group II for such Distribution Date, the
                remaining Principal Distribution Amount with respect to Loan Group
                II,
                until the Certificate Principal Balance thereof is reduced to
                zero;

            

       

      	(vi)  	
              To
                the Class II-M-5 Certificates, from any remaining Principal Distribution
                Amount in respect of Loan Group II for such Distribution Date, the
                remaining Principal Distribution Amount with respect to Loan Group
                II,
                until the Certificate Principal Balance thereof is reduced to
                zero;

            

       

      	(vii)  	
              To
                the Class II-M-6 Certificates, from any remaining Principal Distribution
                Amount in respect of Loan Group II for such Distribution Date, the
                remaining Principal Distribution Amount with respect to Loan Group
                II,
                until the Certificate Principal Balance thereof is reduced to zero;
                

            

       

      	(viii)  	
              To
                the Class II-M-7 Certificates, from any remaining Principal Distribution
                Amount in respect of Loan Group II for such Distribution Date, the
                remaining Principal Distribution Amount with respect to Loan Group
                II,
                until the Certificate Principal Balance thereof is reduced to zero;
                

            

       

      	(ix)  	
              To
                the Class II-M-8 Certificates, from any remaining Principal Distribution
                Amount in respect of Loan Group II for such Distribution Date, the
                remaining Principal Distribution Amount with respect to Loan Group
                II,
                until the Certificate Principal Balance thereof is reduced to
                zero;

            

       

      	(x)  	
              To
                the Class II-M-9 Certificates, from any remaining Principal Distribution
                Amount in respect of Loan Group II for such Distribution Date, the
                remaining Principal Distribution Amount with respect to Loan Group
                II,
                until the Certificate Principal Balance thereof is reduced to zero;
                and

            

       

      	(xi)  	
              To
                the Class II-M-10 Certificates, from any remaining Principal Distribution
                Amount in respect of Loan Group II for such Distribution Date, the
                remaining Principal Distribution Amount with respect to Loan Group
                II,
                until the Certificate Principal Balance thereof is reduced to
                zero.

            

       

      (B)  For
        each
        Distribution Date on or after the Group II Stepdown Date, so long as a Group
        II
        Trigger Event is not in effect:

       

      	(i)  	
              To
                the Class II-A Certificates, the Class II-A Principal Distribution
                Amount
                for such Distribution Date, sequentially to the Class II-A-1, Class
                II-A-2
                and Class II-A-3 Certificates, in that order, in each case until
                the
                Certificate Principal Balance thereof is reduced to
                zero;

            

       

      	(ii)  	
              To
                the Class II-M-1 Certificates, from any remaining Principal Distribution
                Amount in respect of Loan Group II for such Distribution Date, the
                Class
                II-M-1 Principal Distribution Amount, until the Certificate Principal
                Balance thereof is reduced to zero;

            

       

      	(iii)  	
              To
                the Class II-M-2 Certificates, from any remaining Principal Distribution
                Amount in respect of Loan Group II for such Distribution Date, the
                Class
                II-M-2 Principal Distribution Amount, until the Certificate Principal
                Balance thereof is reduced to zero;

            

       

      	(iv)  	
              To
                the Class II-M-3 Certificates, from any remaining Principal Distribution
                Amount in respect of Loan Group II for such Distribution Date, the
                Class
                II-M-3 Principal Distribution Amount, until the Certificate Principal
                Balance thereof is reduced to zero;

            

       

      	(v)  	
              To
                the Class II-M-4 Certificates, from any remaining Principal Distribution
                Amount in respect of Loan Group II for such Distribution Date, the
                Class
                II-M-4 Principal Distribution Amount, until the Certificate Principal
                Balance thereof is reduced to zero;

            

       

      	(vi)  	
              To
                the Class II-M-5 Certificates, from any remaining Principal Distribution
                Amount in respect of Loan Group II for such Distribution Date, the
                Class
                II-M-5 Principal Distribution Amount, until the Certificate Principal
                Balance thereof is reduced to zero;

            

       

      	(vii)  	
              To
                the Class II-M-6 Certificates, from any remaining Principal Distribution
                Amount in respect of Loan Group II for such Distribution Date, the
                Class
                II-M-6 Principal Distribution Amount, until the Certificate Principal
                Balance thereof is reduced to zero; 

            

       

      	(viii)  	
              To
                the Class II-M-7 Certificates, from any remaining Principal Distribution
                Amount in respect of Loan Group II for such Distribution Date, the
                Class
                II-M-7 Principal Distribution Amount, until the Certificate Principal
                Balance thereof is reduced to zero; 

            

       

      	(ix)  	
              To
                the Class II-M-8 Certificates, from any remaining Principal Distribution
                Amount in respect of Loan Group II for such Distribution Date, the
                Class
                II-M-8 Principal Distribution Amount, until the Certificate Principal
                Balance thereof is reduced to zero;

            

       

      	(x)  	
              To
                the Class II-M-9 Certificates, from any remaining Principal Distribution
                Amount in respect of Loan Group II for such Distribution Date, the
                Class
                II-M-9 Principal Distribution Amount, until the Certificate Principal
                Balance thereof is reduced to zero; and

            

       

      	(xi)  	
              To
                the Class II-M-10 Certificates, from any remaining Principal Distribution
                Amount in respect of Loan Group II for such Distribution Date, the
                Class
                II-M-10 Principal Distribution Amount, until the Certificate Principal
                Balance thereof is reduced to zero.

            

       

      (3)  Any
        Excess Cashflow with respect to Loan Group II shall be distributed in the
        following manner and order of priority:

       

      (A)  Excess
        Cashflow with respect to Loan Group II, to the Class II-A Certificates, (a)
        first, any remaining Interest Carry Forward Amount for such Classes,
pro
        rata,
        in
        accordance with the Interest Carry Forward Amount due with respect to each
        such
        Class,
        to the
        extent not fully paid pursuant to clause (b)(1) above
        and
        Section 3.24(d) and (b) second, any Unpaid Realized Loss Amount for such
        Classes
        for such Distribution Date, pro
        rata,
        in
        accordance with the Applied Realized Loss Amount allocated to each such
        Class;

       

      (B)  From
        any
        remaining Excess Cashflow with respect to Loan Group II, sequentially, to
        the
        Class II-M-1, Class II-M-2, Class II-M-3, Class II-M-4, Class II-M-5, Class
        II-M-6, Class II-M-7, Class II-M-8, Class II-M-9 and Class II-M-10 Certificates,
        in that order, an amount equal to the Interest Carry Forward Amount for each
        such Class for such Distribution Date to the extent not fully paid pursuant
        to
        Section 3.24(d);

       

      (C)  From
        any
        remaining Excess Cashflow with respect to Loan Group II otherwise distributable
        to the Class II-CE Interest and the Class II-CE Certificates, to the Group
        II
        Reserve Fund, (i) first, to pay to the Classes of Class II-A Certificates,
        any
        Basis Risk Shortfall Carry Forward Amount for such Classes for such Distribution
        Date, on a pro
        rata
        basis,
        based on the amount of the Basis Risk Shortfall Carry Forward Amount for
        each
        such Class to the extent not paid pursuant to Section 3.24(d) and to the
        extent
        such amount exceeds the amounts then on deposit in the Group II Reserve Fund,
        and (ii) second, to maintain a balance in the Group II Reserve Fund equal
        to the
        Group II Reserve Fund Deposit;

       

      (D)  From
        any
        remaining Excess Cashflow with respect to Loan Group II otherwise distributable
        to the Class II-CE Interest and the Class II-CE Certificates, to the Group
        II
        Reserve Fund, (i) first, to pay to the Class II-M-1, Class II-M-2, Class
        II-M-3,
        Class II-M-4, Class II-M-5, Class II-M-6, Class II-M-7, Class II-M-8, Class
        II-M-9 and Class I-M-10 Certificates, sequentially in that order, any Basis
        Risk
        Shortfall Carry Forward Amount for each such Class for such Distribution
        Date,
        if any, in each case to the extent not paid pursuant to Section 3.24(d) and
        to
        the extent such amount exceeds the amounts then on deposit in the Group II
        Reserve Fund, and (ii) second, to maintain a balance in the Group II Reserve
        Fund equal to the Group II Reserve Fund Deposit;

       

      (E)  From
        any
        remaining Excess Cashflow with respect to Loan Group II, to the Class II-A
        Certificates, on a pro
        rata
        basis,
        based on the entitlement of each such Class, and then sequentially to the
        Class
        II-M-1, Class II-M-2, Class II-M-3, Class II-M-4, Class II-M-5, Class II-M-6,
        Class II-M-7, Class II-M-8, Class II-M-9 and Class II-M-10 Certificates,
        in that
        order, the amount of Relief Act Shortfalls and any Prepayment Interest
        Shortfalls allocated to such Classes of Certificates, to the extent not
        previously reimbursed;

       

      (F)  From
        any
        remaining Excess Cashflow with respect to Loan Group II, to the Swap
        Administrator for payment to the Group II Swap Provider, any Group II Swap
        Termination Payments due to a Group II Swap Provider Trigger Event owed by
        the
        Trust Fund with respect to Loan Group II (to the extent not paid by the Swap
        Administrator from any upfront payment received pursuant to any related
        replacement interest rate swap agreement that may be entered into by the
        Group
        II Supplemental Interest Trust Trustee);

       

      (G)  From
        any
        remaining Excess Cashflow with respect to Loan Group II, to the Class II-CE
        Interest and Class II-CE Certificates, an amount equal to the Class II-CE
        Distribution Amount reduced by amounts distributed in clauses (C) and (D)
        above;
        and

       

      (H)  From
        any
        remaining Excess Cashflow with respect to Loan Group II, to each of the Class
        II-R-1, Class I-R-2, Class I-R-3 and Class II-RX Certificates, based on the
        related REMIC in which such amounts remain.

       

      On
        each
        Distribution Date, all amounts with respect to Prepayment Charges with respect
        to Loan Group II shall be distributed to the Holders of the Class II-P Interest
        and the Class II-P Certificates, provided that such distributions shall not
        be
        in reduction of the principal balance thereof. On the Distribution Date
        immediately following the expiration of the latest Prepayment Charge term
        with
        respect to Loan Group II as identified on the Mortgage Loan Schedule, any
        amount
        on deposit in the Class II-P Certificate Account will be distributed to the
        Holders of the Class II-P Interest and the Class II-P Certificates in reduction
        of the Certificate Principal Balance thereof.

       

      In
        addition, notwithstanding the foregoing, on any Distribution Date after the
        Distribution Date on which the Certificate Principal Balance of a Class of
        Class
        II-A Certificates or Class II-M Certificates has been reduced to zero, that
        Class of Certificates will be retired and will no longer be entitled to
        distributions, including distributions in respect of Prepayment Interest
        Shortfalls or Basis Risk Shortfall Carry Forward Amounts.

       

      In
        addition, notwithstanding the foregoing clause (a)(2), to the extent a Group
        II
        Class IO Distribution Amount is payable from principal collections, Principal
        Distribution Amounts related to Loan Group II will be deemed paid to the
        most
        subordinate Class of Group II Regular Certificates (other than the Class
        II-P
        Certificates), until the Certificate Principal Balance thereof has been reduced
        to zero, and such amount will be paid pursuant to Section 3.24(f).

       

      (c)  In
        addition to the foregoing distributions, with respect to any Subsequent
        Recoveries, the Master Servicer shall deposit such funds into the Protected
        Account pursuant to Section 4.01(b)(iii). If, after taking into account such
        Subsequent Recoveries, the amount of a Realized Loss is reduced, the amount
        of
        such Subsequent Recoveries will be applied to increase the Certificate Principal
        Balance of the Class of Certificates with the highest payment priority to
        which
        Realized Losses have been allocated, but not by more than the amount of Realized
        Losses previously allocated to that Class of Certificates pursuant to Section
        5.05; provided, however, to the extent that no reductions to a Certificate
        Principal Balance of any Class of Certificates currently exists as the result
        of
        a prior allocation of a Realized Loss, such Subsequent Recoveries will be
        applied as Excess Spread. The amount of any remaining Subsequent Recoveries
        will
        be applied to increase the Certificate Principal Balance of the Class of
        Certificates with the next highest payment priority, up to the amount of
        such
        Realized Losses previously allocated to that Class of Certificates pursuant
        to
        Section 5.05, and so on. Holders of such Certificates will not be entitled
        to
        any payment in respect of Current Interest on the amount of such increases
        for
        any Accrual Period preceding the Distribution Date on which such increase
        occurs. Any such increases shall be applied to the Certificate Principal
        Balance
        of each Certificate of such Class in accordance with its respective Percentage
        Interest.

       

      (d)  Subject
        to Section 10.02 hereof respecting the final distribution, on each Distribution
        Date the Trustee shall make distributions to each Certificateholder of record
        on
        the preceding Record Date either by wire transfer in immediately available
        funds
        to the account of such Holder at a bank or other entity having appropriate
        facilities therefor, if such Holder has so notified the Trustee at least
        5
        Business Days prior to the related Record Date, or, if not, by check mailed
        by
        first class mail to such Certificateholder at the address of such Holder
        appearing in the Certificate Register. Notwithstanding the foregoing, but
        subject to Section 10.02 hereof respecting the final distribution, distributions
        with respect to Certificates registered in the name of a Depository shall
        be
        made to such Depository in immediately available funds.

       

      (e)  On
        or
        before 5:00 p.m. Eastern time on the fifth Business Day immediately preceding
        each Distribution Date, the Master Servicer shall deliver a report to the
        Trustee in electronic form (or by such other means as the Master Servicer
        and
        the Trustee may agree from time to time) containing such data and information,
        as agreed to by the Master Servicer and the Trustee such as to permit the
        Trustee to prepare the Monthly Statement to Certificateholders and to make
        the
        required distributions for the related Distribution Date.

       

      Section
        5.05  Allocation
        of Realized Losses. 

       

      (a)  All
        Realized Losses on the Group I Mortgage Loans allocated to any REMIC III
        Group I
        Regular Interest pursuant to Section 5.05(c) shall be allocated by the Trustee
        on each Distribution Date as follows: first, to Excess Spread with respect
        to
        Loan Group I as part of the payment in respect of the Group I Extra Principal
        Distribution Amount for such Distribution Date; second, to the Class I-CE
        Interest and Class I-CE Certificates, until the Certificate Principal Balance
        or
        Uncertificated Principal Balance thereof, as applicable, has been reduced
        to
        zero; third, to the Class I-M-10 Certificates, until the Certificate Principal
        Balance thereof has been reduced to zero; fourth, to the Class I-M-9
        Certificates, until the Certificate Principal Balance thereof has been reduced
        to zero; fifth, to the Class I-M-8 Certificates, until the Certificate Principal
        Balance thereof has been reduced to zero; sixth, to the Class I-M-7
        Certificates, until the Certificate Principal Balance thereof has been reduced
        to zero; seventh, to the Class I-M-6 Certificates, until the Certificate
        Principal Balance thereof has been reduced to zero; eighth, to the Class
        I-M-5
        Certificates, until the Certificate Principal Balance thereof has been reduced
        to zero; ninth, to the Class I-M-4 Certificates, until the Certificate Principal
        Balance thereof has been reduced to zero; tenth, to the Class I-M-3
        Certificates, until the Certificate Principal Balance thereof has been reduced
        to zero; eleventh, to the Class I-M-2 Certificates, until the Certificate
        Principal Balance thereof has been reduced to zero; twelfth, to the Class
        I-M-1
        Certificates, until the Certificate Principal Balance thereof has been reduced
        to zero; thirteenth, to the related Class or Classes of Class I-A Certificates,
        on a pro
        rata
        basis,
        until the Certificate Principal Balances thereof have been reduced to zero;
        and
        fourteenth, to the unrelated Class or Classes of Class I-A Certificates,
        on a
pro
        rata
        basis,
        until the Certificate Principal Balances thereof have been reduced to zero.
        All
        Realized Losses on the Group II Mortgage Loans allocated to any REMIC III
        Group
        II Regular Interest pursuant to Section 5.05(d) shall be allocated by the
        Trustee on each Distribution Date as follows: first, to Excess Spread with
        respect to Loan Group II as part of the payment in respect of the Group II
        Extra
        Principal Distribution Amount for such Distribution Date; second, to the
        Class
        II-CE Interest and Class II-CE Certificates, until the Certificate Principal
        Balance or Uncertificated Principal Balance thereof, as applicable, has been
        reduced to zero; third, to the Class II-M-10 Certificates, until the Certificate
        Principal Balance thereof has been reduced to zero; fourth, to the Class
        II-M-9
        Certificates, until the Certificate Principal Balance thereof has been reduced
        to zero; fifth, to the Class II-M-8 Certificates, until the Certificate
        Principal Balance thereof has been reduced to zero; sixth, to the Class II-M-7
        Certificates, until the Certificate Principal Balance thereof has been reduced
        to zero; seventh, to the Class II-M-6 Certificates, until the Certificate
        Principal Balance thereof has been reduced to zero; eighth, to the Class
        II-M-5
        Certificates, until the Certificate Principal Balance thereof has been reduced
        to zero; ninth, to the Class II-M-4 Certificates, until the Certificate
        Principal Balance thereof has been reduced to zero; tenth, to the Class II-M-3
        Certificates, until the Certificate Principal Balance thereof has been reduced
        to zero; eleventh, to the Class II-M-2 Certificates, until the Certificate
        Principal Balance thereof has been reduced to zero; twelfth, to the Class
        II-M-1
        Certificates, until the Certificate Principal Balance thereof has been reduced
        to zero; thirteenth, to the Class or Classes of Class II-A Certificates,
        on a
pro
        rata
        basis,
        until the Certificate Principal Balances thereof have been reduced to zero.
        All
        Realized Losses to be allocated to the Certificate Principal Balances of
        all
        Classes on any Distribution Date shall be so allocated after the actual
        distributions to be made on such date as provided above. All references above
        to
        the Certificate Principal Balance of any Class of Certificates shall be to
        the
        Certificate Principal Balance of such Class immediately prior to the relevant
        Distribution Date, before reduction thereof by any Realized Losses, in each
        case
        to be allocated to such Class of Certificates, on such Distribution
        Date.

       

      (b)  Any
        allocation of Realized Losses to a Class of Certificates or to a Class CE
        Interest on any Distribution Date shall be made by reducing the Certificate
        Principal Balance or Uncertificated Principal Balance thereof by the amount
        so
        allocated; any allocation of Realized Losses to Excess Spread shall be made
        by
        reducing the amount otherwise payable in respect of the related Class CE
        Interest and the related Class CE Certificates pursuant to clause (G) of
        Section
        5.04(a)(4) or clause (G) of 5.04(b)(3),
        as
        applicable. No allocations of any Realized Losses shall be made to the
        Certificate Principal Balance or Uncertificated Principal Balance, as
        applicable, of the Class P Interests and the Class P Certificates.

       

      Notwithstanding
        the foregoing, no such allocation of any Realized Loss shall be made on a
        Distribution Date to any Class of Certificates to the extent that such
        allocation would result in the reduction of the aggregate Certificate Principal
        Balance of all the related Certificates as of such Distribution Date (other
        than
        the related Class CE Certificates and related Class P Certificates), after
        giving effect to all distributions and prior allocations of Realized Losses
        on
        the Mortgage Loans on such date, to an amount less than the aggregate Stated
        Principal Balance of all of the related Mortgage Loans as of the first day
        of
        the month of such Distribution Date (such limitation, the “Loss Allocation
        Limitation”). In addition in no event will the Certificate Principal Balance of
        any Certificate be reduced more than once in respect of any particular amount
        both (i) allocable to such Certificate in respect of Realized Losses and
        (ii)
        payable as principal to the Holder of such Certificate from Remaining Excess
        Spread.

       

      As
        used
        herein, an allocation of a Realized Loss on a “pro
        rata
        basis”
among two or more specified Classes of Certificates means an allocation on
        a
pro
        rata
        basis,
        among the various Classes so specified, to each such Class of Certificates
        on
        the basis of their then outstanding Certificate Principal Balances prior
        to
        giving effect to distributions to be made on such Distribution Date. All
        Realized Losses and all other losses allocated to a Class of Certificates
        hereunder will be allocated among the Certificates of such Class in proportion
        to the Percentage Interests evidenced thereby.

       

      (c)  (i)All
        Realized Losses on the Group I Mortgage Loans in Subgroup I-1 shall be allocated
        on each Distribution Date to REMIC I Regular Interest I-1-A through REMIC
        I
        Regular Interest I-60-B, starting with the lowest numerical denomination,
        until
        the Uncertificated Principal Balance of each such REMIC I Group I Regular
        Interest has been reduced to zero; provided that, for REMIC I Group I Regular
        Interests with the same numerical denomination, such Realized Losses shall
        be
        allocated pro
        rata
        between
        such REMIC I Group I Regular Interests. All Realized Losses on the Group
        I
        Mortgage Loans in Subgroup I-2 shall be allocated on each Distribution Date
        to
        REMIC I Regular Interest II-1-A through REMIC I Regular Interest II-60-B,
        starting with the lowest numerical denomination, until the Uncertificated
        Principal Balance of each such REMIC I Group II Regular Interest has been
        reduced to zero; provided that, for REMIC I Group II Regular Interests with
        the
        same numerical denomination, such Realized Losses shall be allocated
pro
        rata
        between
        such REMIC I Group II Regular Interests 

       

      (ii) The
        REMIC
        III Group I Marker Allocation Percentage of all Realized Losses on the Group
        I
        Mortgage Loans shall be allocated by the Trustee on each Distribution Date
        to
        the following REMIC III Group I Regular Interests in the following specified
        percentages: first, to Uncertificated Accrued Interest payable to REMIC III
        Regular Interest I-AA and REMIC III Regular Interest I-ZZ up to an aggregate
        amount equal to the REMIC III Group I Interest Loss Allocation Amount (without
        duplication of shortfalls allocated pursuant to Section 1.02), 98.00% and
        2.00%,
        respectively; second, to the Uncertificated Principal Balances of REMIC III
        Regular Interest I-AA and REMIC III Regular Interest I-ZZ up to an aggregate
        amount equal to the REMIC III Group I Principal Loss Allocation Amount, 98.00%
        and 2.00%, respectively; third, to the Uncertificated Principal Balances
        of
        REMIC III Regular Interest I-AA, REMIC III Regular Interest I-M-10 and REMIC
        III
        Regular Interest I-ZZ, 98.00%, 1.00% and 1.00%, respectively, until the
        Uncertificated Principal Balance of REMIC III Regular Interest I-M-10 has
        been
        reduced to zero; fourth, to the Uncertificated Principal Balances of REMIC
        III
        Regular Interest I-AA, REMIC III Regular Interest I-M-9 and REMIC III Regular
        Interest I-ZZ, 98.00%, 1.00% and 1.00%, respectively, until the Uncertificated
        Principal Balance of REMIC III Regular Interest I-M-9 has been reduced to
        zero;
        fifth, to the Uncertificated Principal Balances of REMIC III Regular Interest
        I-AA, REMIC III Regular Interest I-M-8 and REMIC III Regular Interest I-ZZ,
        98.00%, 1.00% and 1.00%, respectively, until the Uncertificated Principal
        Balance of REMIC III Regular Interest I-M-8 has been reduced to zero; sixth,
        to
        the Uncertificated Principal Balances of REMIC III Regular Interest I-AA,
        REMIC
        III Regular Interest I-M-7 and REMIC III Regular Interest I-ZZ, 98.00%, 1.00%
        and 1.00%, respectively, until the Uncertificated Principal Balance of REMIC
        III
        Regular Interest I-M-7 has been reduced to zero; seventh, to the Uncertificated
        Principal Balances of REMIC III Regular Interest I-AA, REMIC III Regular
        Interest I-M-6 and REMIC III Regular Interest I-ZZ, 98.00%, 1.00% and 1.00%,
        respectively, until the Uncertificated Principal Balance of REMIC III Regular
        Interest I-M-6 has been reduced to zero; eighth, to the Uncertificated Principal
        Balances of REMIC III Regular Interest I-AA, REMIC III Regular Interest I-M-5
        and REMIC III Regular Interest I-ZZ, 98.00%, 1.00% and 1.00%, respectively,
        until the Uncertificated Principal Balance of REMIC III Regular Interest
        I-M-5
        has been reduced to zero; ninth, to the Uncertificated Principal Balances
        of
        REMIC III Regular Interest I-AA, REMIC III Regular Interest I-M-4 and REMIC
        III
        Regular Interest I-ZZ, 98.00%, 1.00% and 1.00%, respectively, until the
        Uncertificated Principal Balance of REMIC III Regular Interest I-M-4 has
        been
        reduced to zero; tenth, to the Uncertificated Principal Balances of REMIC
        III
        Regular Interest I-AA, REMIC III Regular Interest I-M-3 and REMIC III Regular
        Interest I-ZZ, 98.00%, 1.00% and 1.00%, respectively, until the Uncertificated
        Principal Balance of REMIC III Regular Interest I-M-3 has been reduced to
        zero;
        eleventh, to the Uncertificated Principal Balances of REMIC III Regular Interest
        I-AA, REMIC III Regular Interest I-M-2 and REMIC III Regular Interest I-ZZ,
        98.00%, 1.00% and 1.00%, respectively, until the Uncertificated Principal
        Balance of REMIC III Regular Interest I-M-2 has been reduced to zero; twelfth,
        to the Uncertificated Principal Balances of REMIC III Regular Interest I-AA,
        REMIC III Regular Interest I-M-1 and REMIC III Regular Interest I-ZZ, 98.00%,
        1.00% and 1.00%, respectively, until the Uncertificated Principal Balance
        of
        REMIC III Regular Interest I-M-1 has been reduced to zero; thirteenth, to
        the
        Uncertificated Principal Balance of REMIC III Regular Interest I-AA, 98.00%,
        to
        the Uncertificated Principal Balances of the related REMIC III Regular Interests
        I-1A-1, I-1A-2, I-1A-3 and I-2A, 1.00% pro
        rata,
        and to
        the Uncertificated Principal Balance of REMIC III Regular Interest I-ZZ,
        1.00%,
        until the Uncertificated Principal Balances of such REMIC III Regular Interests
        I-1A-1, I-1A-2, I-1A-3 and I-2A have been reduced to zero; and fourteenth,
        to
        the Uncertificated Principal Balance of REMIC III Regular Interest I-AA,
        98.00%,
        to the Uncertificated Principal Balances of the unrelated REMIC III Regular
        Interests I-1A-1, I-1A-2, I-1A-3 and I-2A, 1.00% pro
        rata,
        and to
        the Uncertificated Principal Balance of REMIC III Regular Interest I-ZZ,
        1.00%,
        until the Uncertificated Principal Balances of such REMIC III Regular Interests
        I-1A-1, I-1A-2, I-1A-3 and I-2A have been reduced to zero.

       

      (iii) The
        REMIC
        III Group I Sub WAC Allocation Percentage of all Realized Losses on the Group
        I
        Mortgage Loans shall be allocated by the Trustee on each Distribution Date
        after
        all distributions have been made on each Distribution Date first, so as to
        keep
        the Uncertificated Principal Balance of each REMIC III Group I Regular Interest
        ending with the designation “Grp” equal to 0.01% of the aggregate Stated
        Principal Balance of the Group I Mortgage Loans in the related Subgroup;
        second,
        to each REMIC III Group I Regular Interest ending with the designation “Sub”, so
        that the Uncertificated Principal Balance of each such REMIC III Group I
        Regular
        Interest is equal to 0.01% of the excess of (x) the aggregate Stated Principal
        Balance of the Group I Mortgage Loans in the related Subgroup over (y) the
        current aggregate Certificate Principal Balance of the Class I-A Certificates
        related to such Subgroup (except that if any such excess is a larger number
        than
        in the preceding distribution period, the least amount of Realized Losses
        shall
        be applied to such REMIC III Group I Regular Interests such that the REMIC
        III
        Group I Subordinated Balance Ratio is maintained); and third, to REMIC III
        Regular Interest I-XX.

       

      (d)  (i)All
        Realized Losses on the Group II Mortgage Loans shall be allocated on each
        Distribution Date to REMIC II Regular Interest I-1-A through REMIC II Regular
        Interest I-60-B, starting with the lowest numerical denomination, until the
        Uncertificated Principal Balance of each such REMIC II Regular Interest has
        been
        reduced to zero; provided that, for REMIC II Regular Interests with the same
        numerical denomination, such Realized Losses shall be allocated pro
        rata
        between
        such REMIC II Regular Interests. 

       

      (ii) All
        Realized Losses on the Group II Mortgage Loans shall be allocated by the
        Trustee
        on each Distribution Date to the following REMIC III Group II Regular Interests
        in the following specified percentages: first, to Uncertificated Accrued
        Interest payable to REMIC III Regular Interest II-AA and REMIC III Regular
        Interest II-ZZ up to an aggregate amount equal to the REMIC III Group II
        Interest Loss Allocation Amount (without duplication of shortfalls allocated
        pursuant to Section 1.02), 98.00% and 2.00%, respectively; second, to the
        Uncertificated Principal Balances of REMIC III Regular Interest II-AA and
        REMIC
        III Regular Interest II-ZZ up to an aggregate amount equal to the REMIC III
        Group II Principal Loss Allocation Amount, 98.00% and 2.00%, respectively;
        third, to the Uncertificated Principal Balances of REMIC III Regular Interest
        II-AA, REMIC III Regular Interest II-M-10 and REMIC III Regular Interest
        II-ZZ,
        98.00%, 1.00% and 1.00%, respectively, until the Uncertificated Principal
        Balance of REMIC III Regular Interest II-M-10 has been reduced to zero; fourth,
        to the Uncertificated Principal Balances of REMIC III Regular Interest II-AA,
        REMIC III Regular Interest II-M-9 and REMIC III Regular Interest II-ZZ, 98.00%,
        1.00% and 1.00%, respectively, until the Uncertificated Principal Balance
        of
        REMIC III Regular Interest II-M-9 has been reduced to zero; fifth, to the
        Uncertificated Principal Balances of REMIC III Regular Interest II-AA, REMIC
        III
        Regular Interest II-M-8 and REMIC III Regular Interest II-ZZ, 98.00%, 1.00%
        and
        1.00%, respectively, until the Uncertificated Principal Balance of REMIC
        III
        Regular Interest II-M-8 has been reduced to zero; sixth, to the Uncertificated
        Principal Balances of REMIC III Regular Interest II-AA, REMIC III Regular
        Interest II-M-7 and REMIC III Regular Interest II-ZZ, 98.00%, 1.00% and 1.00%,
        respectively, until the Uncertificated Principal Balance of REMIC III Regular
        Interest II-M-7 has been reduced to zero; seventh, to the Uncertificated
        Principal Balances of REMIC III Regular Interest II-AA, REMIC III Regular
        Interest II-M-6 and REMIC III Regular Interest II-ZZ, 98.00%, 1.00% and 1.00%,
        respectively, until the Uncertificated Principal Balance of REMIC III Regular
        Interest II-M-6 has been reduced to zero; eighth, to the Uncertificated
        Principal Balances of REMIC III Regular Interest II-AA, REMIC III Regular
        Interest II-M-5 and REMIC III Regular Interest II-ZZ, 98.00%, 1.00% and 1.00%,
        respectively, until the Uncertificated Principal Balance of REMIC III Regular
        Interest II-M-5 has been reduced to zero; ninth, to the Uncertificated Principal
        Balances of REMIC III Regular Interest II-AA, REMIC III Regular Interest
        II-M-4
        and REMIC III Regular Interest II-ZZ, 98.00%, 1.00% and 1.00%, respectively,
        until the Uncertificated Principal Balance of REMIC III Regular Interest
        II-M-4
        has been reduced to zero; tenth, to the Uncertificated Principal Balances
        of
        REMIC III Regular Interest II-AA, REMIC III Regular Interest II-M-3 and REMIC
        III Regular Interest II-ZZ, 98.00%, 1.00% and 1.00%, respectively, until
        the
        Uncertificated Principal Balance of REMIC III Regular Interest II-M-3 has
        been
        reduced to zero; eleventh, to the Uncertificated Principal Balances of REMIC
        III
        Regular Interest II-AA, REMIC III Regular Interest II-M-2 and REMIC III Regular
        Interest II-ZZ, 98.00%, 1.00% and 1.00%, respectively, until the Uncertificated
        Principal Balance of REMIC III Regular Interest II-M-2 has been reduced to
        zero;
        twelfth, to the Uncertificated Principal Balances of REMIC III Regular Interest
        II-AA, REMIC III Regular Interest II-M-1 and REMIC III Regular Interest II-ZZ,
        98.00%, 1.00% and 1.00%, respectively, until the Uncertificated Principal
        Balance of REMIC III Regular Interest II-M-1 has been reduced to zero; and
        thirteenth, to the Uncertificated Principal Balance of REMIC III Regular
        Interest II-AA, 98.00%, to the Uncertificated Principal Balances of REMIC
        III
        Regular Interests II-A-1, II-A-2 and II-A-3, 1.00% pro
        rata,
        and to
        the Uncertificated Principal Balance of REMIC III Regular Interest II-ZZ,
        1.00%,
        until the Uncertificated Principal Balances of such REMIC III Regular Interests
        II-A-1, II-A-2 and II-A-3 have been reduced to zero.

       

      Section
        5.06  Monthly
        Statements to Certificateholders. 

       

      (a)  Not
        later
        than each Distribution Date, the Trustee shall prepare and make available
        to
        each Holder of Certificates, the Master Servicer, the Swap Providers and
        the
        Depositor a statement setting forth for the Certificates:

       

      (i)  the
        applicable record dates, accrual periods, determination dates for calculating
        distributions and general Distribution Dates;

       

      (ii)  with
        respect to each Loan Group, the total cash flows received and the general
        sources thereof;

       

      (iii)  the
        amount, if any, of fees or expenses accrued and paid, with an identification
        of
        the payee and the general purpose of such fees including the related amount
        of
        the Servicing Fees paid to or retained by the Master Servicer for the related
        Due Period;

       

      (iv)  with
        respect to each Loan Group, the amount of any related Net Swap Payment payable
        to the related Sub-Trust with respect to the related Loan Group, any related
        Net
        Swap Payment payable to the related Swap Provider, any related Swap Termination
        Payment payable to the related Sub-Trust with respect to the related Loan
        Group
        and any related Swap Termination Payment payable to the related Swap
        Provider;

       

      (v)  with
        respect to each Loan Group, the amount of the related distribution to Holders
        of
        the Class A Certificates and Class M Certificates (by Class) allocable to
        principal, separately identifying (A) the aggregate amount of any Principal
        Prepayments included therein, (B) the aggregate of all scheduled payments
        of
        principal included therein and (C) the Extra Principal Distribution Amount
        (if
        any);

       

      (vi)  with
        respect to each Loan Group, the amount of such distribution to Holders of
        each
        Class of Class A Certificates and Class M Certificates allocable to interest
        and
        the portion thereof, if any, provided by the related Swap Agreement and the
        amount of coverage remaining under either credit enhancement;

       

      (vii)  with
        respect to each Loan Group, the Interest Carry Forward Amounts and any Basis
        Risk Shortfall Carry Forward Amounts for each Class of Certificates (if
        any);

       

      (viii)  the
        Pass-Through Rate for each Class of Class A Certificates and Class M
        Certificates with respect to the current Accrual Period, and, if applicable,
        whether such Pass-Through Rate was limited by the related Net Rate
        Cap;

       

      (ix)  with
        respect to each Loan Group, the number and aggregate Stated Principal Balance
        of
        all of the Mortgage Loans for the following Distribution Date, together with
        updated pool composition information including the following: weighted average
        mortgage rate and weighted average remaining term;

       

      (x)  the
        Certificate Principal Balance of the Class A Certificates and Class M
        Certificates before and after giving effect (i) to all distributions allocable
        to principal on such Distribution Date with respect to each Loan Group and
        (ii)
        the allocation of any Applied Realized Loss Amounts with respect to each
        Loan
        Group for such Distribution Date;

       

      (xi)  the
        number and aggregate Stated Principal Balance of the Mortgage Loans in each
        Loan
        Group (A) Delinquent (exclusive of Mortgage Loans in foreclosure and bankruptcy)
        (1) 30 days Delinquent, (2) 60 days Delinquent and (3) 90 days or more
        Delinquent, (B) in foreclosure and delinquent (1) 30 days Delinquent, (2)
        60
        days Delinquent and (3) 90 days or more Delinquent and (C) in bankruptcy
        and
        delinquent (1) 30 days Delinquent, (2) 60 days Delinquent and (3) 90 days
        or
        more Delinquent, in each case as of the close of business on the last day
        of the
        calendar month preceding such Distribution Date and separately identifying
        such
        information for the (1) first lien Mortgage Loans, (2) second lien Mortgage
        Loans, and (3) Adjustable Rate Mortgage Loans, in each such Loan
        Group;

       

      (xii)  with
        respect to each Loan Group, the amount of aggregate Advances included in
        the
        distribution on such Distribution Date (including the general purpose of
        such
        Advances), the aggregate amount of unreimbursed Advances as of the end of
        the
        Due Period, and the general source of funds for reimbursements;

       

      (xiii)  with
        respect to each Loan Group, the amount, if any, of excess cashflow or excess
        spread and the application of such excess cashflow;

       

      (xiv)  with
        respect to each Loan Group, the cumulative Realized Losses through the end
        of
        the preceding month;

       

      (xv)  with
        respect to each Loan Group, if applicable, material modifications, extensions
        or
        waivers to Mortgage Loan terms, fees, penalties or payments during the preceding
        calendar month or that have become material over time;

       

      (xvi)  with
        respect to any Mortgage Loan that was liquidated during the preceding calendar
        month, the aggregate Stated Principal Balance of, and Realized Loss on, such
        Mortgage Loans as of the close of business on the prior calendar
        month;

       

      (xvii)  with
        respect to each Loan Group, the total number and principal balance of any
        real
        estate owned or REO Properties as of the end of the related calendar
        month;

       

      (xviii)  with
        respect to each loan group, material breaches of pool asset representation
        or
        warranties or transaction covenants;

       

      (xix)  with
        respect to each Loan Group, the three month rolling average of the percent
        equivalent of a fraction, the numerator of which is the aggregate Stated
        Principal Balance of the Mortgage Loans in such Loan Group that are 60 days
        or
        more delinquent or are in bankruptcy or foreclosure or are REO Properties,
        and
        the denominator of which is the aggregate Stated Principal Balance of all
        of the
        Mortgage Loans and separately identifying such information for the (1) first
        lien Mortgage Loans, and (2) Adjustable Rate Mortgage Loans, in each case
        as of
        the end of the Prepayment Period;

       

      (xx)  whether
        a
        Group I Trigger Event or a Group II Trigger Event exists; 

       

      (xxi)  the
        amount of the distribution made on such Distribution Date to the Holders
        of the
        Class I-P Certificates and Class II-P Certificates allocable to Prepayment
        Charges; 

       

      (xxii)  with
        respect to each Loan Group, information on loss, delinquency or other tests
        used
        for determining early amortization, liquidation, stepdowns or other performance
        triggers and whether the trigger was met;

       

      (xxiii)  the
        amount of the Prepayment Charges remitted by the Master Servicer and the
        amount
        on deposit in the Group I Reserve Fund and Group II Reserve Fund;

       

      (xxiv)  with
        respect to each Loan Group, updated pool composition data including the
        following: weighted average mortgage rate and weighted average remaining
        term;

       

      (xxv)  with
        respect to each Loan Group, information regarding any new issuance of securities
        backed by the same asset pool, any pool asset changes, such as additions
        or
        removals of Mortgage Loans from the Trust Fund, if applicable; and

       

      (xxvi)  with
        respect to each Loan Group, any material changes in the solicitation,
        credit-granting, underwriting, origination, acquisition or Mortgage Loan
        selection criteria or procedures, as applicable, used to originate, acquire
        or
        select Mortgage Loans for the Trust Fund.

       

      The
        Depositor covenants that if there is a material change in the solicitation,
        credit-granting, underwriting, origination, acquisition or Mortgage Loan
        selection criteria or procedures, as applicable, used to originate, acquire
        or
        select Mortgage Loans for the Trust Fund that it will notify the Trustee
        five
        calendar days before each Distribution Date, and if no such notification
        occurs,
        the Trustee has no obligation to report with respect to (xxvi). The Depositor
        covenants to the Trustee that there will be no new issuance of securities
        backed
        by the same asset pool, so the Trustee will only be responsible in (xxv)
        above
        for reporting any pool asset changes, such as additions or removals of Mortgage
        Loans from the Trust Fund.

       

      The
        Trustee may make the foregoing Monthly Statement (and, at its option, any
        additional files containing the same information in an alternative format)
        available each month to Certificateholders via the Trustee’s internet website.
        The Trustee’s internet website shall initially be located at “www.etrustee.net”.
        Assistance in using the website can be obtained by calling the Trustee at
        (312)
        992-2833. Parties that are unable to use the above distribution options are
        entitled to have a paper copy mailed to them via first class mail by calling
        the
        Trustee and indicating such. The Trustee may change the way Monthly Statements
        are distributed in order to make such distributions more convenient or more
        accessible to the above parties.

       

      (b)  The
        Trustee’s responsibility for making the above information available to the
        Certificateholders is limited to the availability, timeliness and accuracy
        of
        the information derived from the parties providing the information to the
        Trustee. The Trustee will make available a copy of each statement provided
        pursuant to this Section 5.06 to each Rating Agency.

       

      (c)  Within
        a
        reasonable period of time after the end of each calendar year, the Trustee
        shall
        cause to be furnished upon request to each Person who at any time during
        the
        calendar year was a Certificateholder, a statement containing the information
        (only with respect to principal and interest) set forth in clauses (a)(v)
        and
        (a)(vi) of this Section 5.06 aggregated for such calendar year or applicable
        portion thereof during which such Person was a Certificateholder. Such
        obligation of the Trustee shall be deemed to have been satisfied to the extent
        that substantially comparable information shall be provided by the Trustee
        pursuant to any requirements of the Code as from time to time in
        effect.

       

      (d)  Upon
        filing with the Internal Revenue Service, the Trustee shall furnish to the
        Holders of the Residual Certificates the applicable Form 1066 and each
        applicable Form 1066Q and shall respond promptly to written requests made
        not
        more frequently than quarterly by any Holder of a Residual Certificate with
        respect to the following matters:

       

      (i)  The
        original projected principal and interest cash flows on the Closing Date
        on each
        class of Regular Interests and Residual Interests created hereunder and on
        the
        Mortgage Loans, based on the Prepayment Assumption;

       

      (ii)  The
        projected remaining principal and interest cash flows as of the end of any
        calendar quarter with respect to each class of Regular Interests and Residual
        Interests created hereunder and the Mortgage Loans, based on the Prepayment
        Assumption;

       

      (iii)  The
        applicable Prepayment Assumption and any interest rate assumptions used in
        determining the projected principal and interest cash flows described
        above;

       

      (iv)  The
        original issue discount (or, in the case of the Mortgage Loans, market discount)
        or premium accrued or amortized through the end of such calendar quarter
        with
        respect to each class of Regular Interests or Residual Interests created
        hereunder and to the Mortgage Loans, together with each constant yield to
        maturity used in computing the same;

       

      (v)  The
        treatment of Realized Losses with respect to the Mortgage Loans or the Regular
        Interests created hereunder, including the timing and amount of any cancellation
        of indebtedness income of a REMIC with respect to such Regular Interests
        or bad
        debt deductions claimed with respect to the Mortgage Loans;

       

      (vi)  The
        amount and timing of any non-interest expenses of a REMIC; and

       

      (vii)  Any
        taxes
        (including penalties and interest) imposed on the REMIC, including, without
        limitation, taxes on “prohibited transactions,” “contributions” or “net income
        from foreclosure property” or state or local income or franchise
        taxes.

       

      The
        information pursuant to clauses (i), (ii), (iii) and (iv) above shall be
        provided by the Depositor pursuant to Section 9.12.

       

      Section
        5.07  REMIC
        Designations and REMIC Distributions. 

       

      (a)  The
        Trustee shall elect that each of REMIC I, REMIC II, REMIC III, REMIC IV,
        REMIC
        V, REMIC VI, REMIC VII, REMIC VIII, REMIC IX and REMIC X shall be treated
        as a
        REMIC under Section 860D of the Code. Any inconsistencies or ambiguities
        in this
        Agreement or in the administration of this Agreement shall be resolved in
        a
        manner that preserves the validity of such REMIC elections. The assets of
        REMIC
        I shall include the Group I Mortgage Loans and all interest owing in respect
        of
        and principal due thereon, the portion of the Distribution Account related
        to
        Loan Group I, the portion of the Protected Account related to Loan Group
        I, any
        REO Property related to Loan Group I, any proceeds of the foregoing and any
        other assets related to Loan Group I subject to this Agreement (other than
        the
        Group I Reserve Fund, any related Prepayment Charge Waiver Amounts and, for
        the
        avoidance of doubt, the Group I Supplemental Interest Trust, the Group I
        Swap
        Agreement, the Group I Swap Account, the Group I Swap Collateral Account
        and any
        rights or obligations in respect of the Swap Administration Agreement). The
        assets of REMIC II shall include the Group II Mortgage Loans and all interest
        owing in respect of and principal due thereon, the portion of the Distribution
        Account related to Loan Group II, the portion of the Protected Account related
        to Loan Group II, any REO Property related to Loan Group II, any proceeds
        of the
        foregoing and any other assets related to Loan Group II subject to this
        Agreement (other than the Group II Reserve Fund, any related Prepayment Charge
        Waiver Amounts and, for the avoidance of doubt, the Group II Supplemental
        Interest Trust, the Group II Swap Agreement, the Group II Swap Account, the
        Group II Swap Collateral Account and any rights or obligations in respect
        of the
        Swap Administration Agreement). The REMIC I Regular Interests and REMIC II
        Regular Interests shall constitute the assets of REMIC III. The REMIC III
        Regular Interests shall constitute the assets of REMIC IV. The Class I-CE
        Interest shall constitute the assets of REMIC V. The Class I-P Interest shall
        constitute the assets of REMIC VI. The Class I-IO Interest shall constitute
        the
        assets of REMIC VII. The Class II-CE Interest shall constitute the assets
        of
        REMIC VIII. The Class II-P Interest shall constitute the assets of REMIC
        IX. The
        Class II-IO Interest shall constitute the assets of REMIC X.

       

      (b)  (1)On
        each
        Distribution Date, the following amounts with respect to Loan Group I, in
        the
        following order of priority, shall be distributed by REMIC I to REMIC III
        on
        account of the REMIC I Group I Regular Interests and the REMIC I Group II
        Regular Interests or withdrawn from the Distribution Account and distributed
        to
        the Holders of the Class I-R-1 Certificates, as the case may be:

       

      (i) (A) from
        Interest Funds and Principal Funds for Subgroup I-1, in each case, determined
        without regard to the related clause (2)(ii) of the definitions thereof,
        to the
        holders of each of the REMIC I Regular Interests I-1-A through I-60-B,
pro
        rata,
        in an
        amount equal to (A) the Uncertificated Accrued Interest for such REMIC I
        Group I
        Regular Interests for such Distribution Date, plus (B) any amounts payable
        in
        respect thereof remaining unpaid from previous Distribution Dates;
        and

       

      (B) to
        the
        extent of the Interest Funds and Principal Funds for Subgroup I-1, in each
        case,
        determined without regard to the related clause (2)(ii) of the definitions
        thereof, remaining after the distribution made pursuant to clause (i)(A)
        above,
        to REMIC I Regular Interests I-1-A through I-60-B, starting with the lowest
        numerical denomination, until the Uncertificated Principal Balance of each
        such
        REMIC I Group I Regular Interest is reduced to zero; provided that, for REMIC
        I
        Group I Regular Interests with the same numerical denomination, such payments
        of
        principal shall be allocated pro
        rata
        between
        such REMIC I Group I Regular Interests; 

       

      (ii) (A) from
        Interest Funds and Principal Funds for Subgroup I-2, in each case, determined
        without regard to the related clause (2)(ii) of the definitions thereof,
        to the
        holders of each of the REMIC I Regular Interests II-1-A through II-60-B,
        pro
        rata,
        in an
        amount equal to (A) the Uncertificated Accrued Interest for such REMIC I
        Group
        II Regular Interests for such Distribution Date, plus (B) any amounts payable
        in
        respect thereof remaining unpaid from previous Distribution Dates;
        and

       

      (B) to
        the
        extent of the Interest Funds and Principal Funds for Subgroup I-2, in each
        case,
        determined without regard to the related clause (2)(ii) of the definitions
        thereof, remaining after the distribution made pursuant to clause (ii)(A)
        above,
        to REMIC I Regular Interests II-1-A through II-60-B, starting with the lowest
        numerical denomination, until the Uncertificated Principal Balance of each
        such
        REMIC I Group II Regular Interest is reduced to zero; provided that, for
        REMIC I
        Group II Regular Interests with the same numerical denomination, such payments
        of principal shall be allocated pro
        rata
        between
        such REMIC I Group II Regular Interests; and

       

      (iii) any
        remaining amount to the Holders of the Class I-R-1 Certificates. 

       

      (2)  On
        each
        Distribution Date, amounts representing Prepayment Charges on the Group I
        Mortgage loans shall be deemed distributed to REMIC I Regular Interest P,
        provided that such amounts shall not reduce the Uncertificated Principal
        Balance
        of REMIC I Regular Interest P. On the Distribution Date immediately following
        the expiration of the latest Prepayment Charge term relating to the Group
        I
        Mortgage Loans as identified on the Mortgage Loan Schedule, $100 shall be
        deemed
        distributed in respect of REMIC I Regular Interest P in reduction of the
        Uncertificated Principal Balance thereof.

       

      (c)  (1)On
        each
        Distribution Date, the following amounts with respect to Loan Group II, in
        the
        following order of priority, shall be distributed by REMIC II to REMIC III
        on
        account of REMIC II Regular Interests I-1-A through I-60-B or withdrawn from
        the
        Distribution Account and distributed to the Holders of the Class II-R-1
        Certificates, as the case may be:

       

      (i)  from
        Interest Funds and Principal Funds for Loan Group II,
        in each
        case, determined without regard to the related clause (2)(ii) of the definitions
        thereof, to
        holders of each of the REMIC II Regular Interests I-1-A through I-60-B,
pro
        rata,
        in an
        amount equal to (A) the Uncertificated Accrued Interest for such REMIC II
        Regular Interests for such Distribution Date, plus (B) any amounts payable
        in
        respect thereof remaining unpaid from previous Distribution Dates.

       

      (ii)  to
        the
        extent of Interest Funds and Principal Funds for Loan Group II, in each case,
        determined without regard to the related clause (2)(ii) of the definitions
        thereof, remaining after the distribution made pursuant to clause (i) above,
        to
        REMIC II Regular Interests I-1-A through I-60-B, starting with the lowest
        numerical denomination, until the Uncertificated Principal Balance of each
        such
        REMIC II Regular Interest is reduced to zero; provided that, for REMIC II
        Regular Interests with the same numerical denomination, such payments of
        principal shall be allocated pro
        rata
        between
        such REMIC II Regular Interests; and

       

      (iii)  any
        remaining amount to the Holders of the Class II-R-1 Certificates. 

       

      (2) On
        each
        Distribution Date, amounts representing Prepayment Charges on the Group II
        Mortgage loans shall be deemed distributed to REMIC II Regular Interest P,
        provided that such amounts shall not reduce the Uncertificated Principal
        Balance
        of REMIC II Regular Interest P. On the Distribution Date immediately following
        the expiration of the latest Prepayment Charge term relating to the Group
        II
        Mortgage Loans as identified on the Mortgage Loan Schedule, $100 shall be
        deemed
        distributed in respect of REMIC II Regular Interest P in reduction of the
        Uncertificated Principal Balance thereof.

       

      (d)  (1)On
        each
        Distribution Date, the following amounts with respect to Loan Group I, in
        the
        following order of priority, shall be distributed by REMIC III to REMIC IV
        on
        account of the REMIC III Group I Regular Interests (other than REMIC III
        Regular
        Interest I-P) or withdrawn from the Distribution Account and distributed
        to the
        Holders of the Class I-R-2 Certificates, as the case may be:

       

      (i) from
        Interest Funds and Principal Funds for Loan Group I, in each case, determined
        without regard to the related clause (2)(ii) of the definitions thereof,
        to the
        holders of REMIC III Regular Interest I-IO, in an amount equal to (A) the
        Uncertificated Accrued Interest for such REMIC III Regular Interest for such
        Distribution Date, plus (B) any amounts in respect thereof remaining unpaid
        from
        previous Distribution Dates; 

       

      (ii) to
        the
        extent of the REMIC III Group I Marker Allocation Percentage of the Interest
        Funds and Principal Funds for Loan Group I, in each case, determined without
        regard to the related clause (2)(ii) of the definitions thereof, remaining
        after
        the distribution pursuant to clause (i), to the holders of each REMIC III
        Group
        I Regular Interest (other than REMIC III Regular Interests I-IO, I-1-Sub,
        I-1-Grp, I-2-Sub, I-2-Grp, I-XX and I-P), pro
        rata,
        in an
        amount equal to (A) the Uncertificated Accrued Interest for such REMIC III
        Group
        I Regular Interest for such Distribution Date, plus (B) any amounts in respect
        thereof remaining unpaid from previous Distribution Dates. Amounts payable
        as
        Uncertificated Accrued Interest in respect of REMIC III Regular Interest
        I-ZZ
        shall be reduced when the REMIC III Group I Overcollateralization Amount
        is less
        than the REMIC III Group I Required Overcollateralization Amount, by the
        lesser
        of (x) the amount of such difference and (y) the Group I Maximum Uncertificated
        Accrued Interest Deferral Amount, and such amount will be payable to the
        holders
        of each REMIC III Group I Regular Interest for which a Class I-A Certificate
        or
        Class I-M Certificate is the Corresponding Certificate in the same proportion
        as
        the Group I Extra Principal Distribution Amount is allocated to the
        Corresponding Certificates for each such REMIC III Group I Regular Interest,
        and
        the Uncertificated Principal Balance of REMIC III Regular Interest I-ZZ shall
        be
        increased by such amount;

       

      (iii) to
        the
        extent of the REMIC III Group I Sub WAC Allocation Percentage of the Interest
        Funds and Principal Funds for Loan Group I, in each case, determined without
        regard to the related clause (2)(ii) of the definitions thereof, remaining
        after
        the distribution pursuant to clause (i), to the holders of REMIC III Regular
        Interest I-1-Sub, REMIC III Regular Interest I-1-Grp, REMIC III Regular Interest
        I-2-Sub, REMIC III Regular Interest I-2-Grp and REMIC III Regular Interest
        I-XX,
pro
        rata,
        an
        amount equal to (A) the Uncertificated Accrued Interest for such Distribution
        Date, plus (B) any amounts in respect thereof remaining unpaid from previous
        Distribution Dates;

       

      (iv) to
        the
        holders of REMIC III Group I Regular Interests (other than REMIC III Regular
        Interests I-IO, I-P, I-1-Sub, I-1-Grp, I-2-Sub, I-2-Grp and I-XX) in an amount
        equal to the REMIC III Group I Marker Allocation Percentage of the remainder
        of
        the Interest Funds and Principal Funds for Loan Group I, in each case,
        determined without regard to the related clause (2)(ii) of the definitions
        thereof, remaining after the distributions made pursuant to clauses (i),
        (ii)
        and (iii) above, allocated as follows:

       

      (A) 98%
        of
        such remainder to the holders of REMIC III Regular Interest I-AA, until the
        Uncertificated Principal Balance of such REMIC III Regular Interest is reduced
        to zero;

       

      (B) 2%
        of
        such remainder, first, to the holders of each REMIC III Group I Regular Interest
        for which a Class I-A Certificate or Class I-M Certificate is the Corresponding
        Certificate, in an aggregate amount equal to 1% of and in the same proportion
        as
        principal payments are allocated to the Corresponding Certificates for each
        such
        REMIC III Group I Regular Interest, until the Uncertificated Principal Balances
        of such REMIC III Group I Regular Interests are reduced to zero; and second,
        to
        the holders of REMIC III Regular Interest I-ZZ, until the Uncertificated
        Principal Balance of such REMIC III Regular Interest is reduced to zero;
        and

       

      (C) any
        remaining amount to the Holders of the Class I-R-2 Certificates;
        and

       

      (v) to
        the
        holders of REMIC III Regular Interest I-1-Sub, REMIC III Regular Interest
        I-1-Grp, REMIC III Regular Interest I-2-Sub, REMIC III Regular Interest I-2-Grp
        and REMIC III Regular Interest I-XX, in an amount equal to the REMIC III
        Group I
        Sub WAC Allocation Percentage of the remainder of the Interest Funds and
        Principal Funds for Loan Group I, in each case, determined without regard
        to the
        related clause (2)(ii) of the definitions thereof, after the distributions
        made
        pursuant to clauses (i), (ii) and (iii) above, first, so as to keep the
        Uncertificated Principal Balance of each REMIC III Group I Regular Interest
        ending with the designation “Grp” equal to 0.01% of the aggregate Stated
        Principal Balance of the Group I Mortgage Loans in the related Subgroup;
        second,
        to each REMIC III Group I Regular Interest ending with the designation “Sub”, so
        that the Uncertificated Principal Balance of each such REMIC III Group I
        Regular
        Interest is equal to 0.01% of the excess of (x) the aggregate Stated Principal
        Balance of the Group I Mortgage Loans in the related Subgroup over (y) the
        current aggregate Certificate Principal Balance of the Class I-A Certificates
        related to such Subgroup (except that if any such excess is a larger number
        than
        in the preceding distribution period, the least amount of principal shall
        be
        distributed to such REMIC III Group I Regular Interests such that the REMIC
        III
        Group I Subordinated Balance Ratio is maintained); third, to REMIC III Regular
        Interest I-XX, until the Uncertificated Principal Balance of such REMIC III
        Regular Interest is reduced to zero; and fourth, any remaining amount to
        the
        Holders of the Class I-R-2 Certificates.

       

      (2) On
        each
        Distribution Date, amounts representing Prepayment Charges on the Mortgage
        loans
        deemed distributed in respect of REMIC I Regular Interest P shall be deemed
        to
        be distributed to REMIC III Regular Interest I-P, provided that such amounts
        shall not reduce the Uncertificated Principal Balance of REMIC III Regular
        Interest I-P. On the Distribution Date immediately following the expiration
        of
        the latest Prepayment Charge term relating to the Group I Mortgage Loans
        as
        identified on the Mortgage Loan Schedule, an amount equal to $100 deemed
        distributed in respect of REMIC I Regular Interest P in reduction of the
        Uncertificated Principal Balance thereof shall be deemed to be distributed
        to
        REMIC III Regular Interest I-P in reduction of the Uncertificated Principal
        Balance thereof.

       

      (3) On
        each
        Distribution Date, the following amounts with respect to Loan Group II, in
        the
        following order of priority, shall be distributed by REMIC III to REMIC IV
        on
        account of the REMIC III Group II Regular Interests (other than REMIC III
        Regular Interest II-P) or withdrawn from the Distribution Account and
        distributed to the Holders of the Class I-R-2 Certificates, as the case may
        be:

       

      (i)  from
        Interest Funds and Principal Funds for Loan Group II, in each case, determined
        without regard to the related clause (2)(ii) of the definitions thereof,
        to the
        holders of REMIC III Regular Interest II-IO, in an amount equal to (A) the
        Uncertificated Accrued Interest for such REMIC III Regular Interest for such
        Distribution Date, plus (B) any amounts in respect thereof remaining unpaid
        from
        previous Distribution Dates; 

       

      (ii)  to
        the
        extent of the Interest Funds and Principal Funds for Loan Group II, in each
        case, determined without regard to the related clause (2)(ii) of the definitions
        thereof, remaining after the distribution pursuant to clause (i), to the
        holders
        of each REMIC III Group II Regular Interest (other than REMIC III Regular
        Interests II-IO and II-P), pro
        rata,
        in an
        amount equal to (A) the Uncertificated Accrued Interest for such REMIC III
        Regular Interest for such Distribution Date, plus (B) any amounts in respect
        thereof remaining unpaid from previous Distribution Dates. Amounts payable
        as
        Uncertificated Accrued Interest in respect of REMIC III Regular Interest
        II-ZZ
        shall be reduced when the REMIC III Group II Overcollateralization Amount
        is
        less than the REMIC III Group II Required Overcollateralization Amount, by
        the
        lesser of (x) the amount of such difference and (y) the Group II Maximum
        Uncertificated Accrued Interest Deferral Amount, and such amount will be
        payable
        to the holders of each REMIC III Group II Regular Interest for which a Class
        II-A Certificate or Class II-M Certificate is the Corresponding Certificate
        in
        the same proportion as the Group II Extra Principal Distribution Amount is
        allocated to the Corresponding Certificates for each such REMIC III Group
        II
        Regular Interest, and the Uncertificated Principal Balance of REMIC III Regular
        Interest II-ZZ shall be increased by such amount;

       

      (iii)  to
        the
        holders of REMIC III Group II Regular Interests (other than REMIC III Regular
        Interests II-IO and II-P) in an amount equal to the remainder of the Interest
        Funds and Principal Funds for Loan Group II, in each case, determined without
        regard to the related clause (2)(ii) of the definitions thereof, remaining
        after
        the distributions made pursuant to clauses (i) and (ii) above, allocated
        as
        follows:

       

      (A)  98%
        of
        such remainder to the holders of REMIC III Regular Interest II-AA, until
        the
        Uncertificated Principal Balance of such REMIC III Regular Interest is reduced
        to zero;

       

      (B)  2%
        of
        such remainder, first, to the holders of each REMIC III Group II Regular
        Interest for which a Class II-A Certificate or Class II-M Certificate is
        the
        Corresponding Certificate, in an aggregate amount equal to 1% of and in the
        same
        proportion as principal payments are allocated to the Corresponding Certificates
        for each such REMIC III Group II Regular Interest, until the Uncertificated
        Principal Balances of such REMIC III Group II Regular Interests are reduced
        to
        zero; and second, to the holders of REMIC III Regular Interest II-ZZ, until
        the
        Uncertificated Principal Balance of such REMIC III Regular Interest is reduced
        to zero; and

       

      (C)  any
        remaining amount to the Holders of the Class I-R-2 Certificates.

       

      (4) On
        each
        Distribution Date, amounts representing Prepayment Charges on the Mortgage
        loans
        deemed distributed in respect of REMIC II Regular Interest P shall be deemed
        to
        be distributed to REMIC III Regular Interest II-P, provided that such amounts
        shall not reduce the Uncertificated Principal Balance of REMIC III Regular
        Interest II-P. On the Distribution Date immediately following the expiration
        of
        the latest Prepayment Charge term relating to the Group II Mortgage Loans
        as
        identified on the Mortgage Loan Schedule, an amount equal to $100 deemed
        distributed in respect of REMIC II Regular Interest P in reduction of the
        Uncertificated Principal Balance thereof shall be deemed to be distributed
        to
        REMIC III Regular Interest II-P in reduction of the Uncertificated Principal
        Balance thereof. 

       

      (e)  On
        each
        Distribution Date, interest shall be deemed payable from REMIC IV to the
        holders
        of each REMIC IV Regular Interest the ownership of which is represented by
        the
        Class A Certificates and Class M Certificates at a pass-through rate equal
        to
        the lesser of (i) the One-Month LIBOR Pass-Through Rate for the Corresponding
        Certificate and (ii) the Net Rate Cap for the REMIC IV Regular Interest the
        ownership of which is represented by the Corresponding Certificate for such
        Distribution Date, in each case on a principal balance equal to the Certificate
        Principal Balance of the Corresponding Certificate for such Distribution
        Date.
        For the avoidance of doubt, principal shall be payable to, and shortfalls,
        losses and prepayments shall be allocable to, the REMIC IV Regular Interests
        the
        ownership of which is represented by the Class A Certificates and Class M
        Certificates as such amounts are payable and allocable to the Corresponding
        Certificates.

       

      (f)  On
        each
        Distribution Date, an amount equal to the amounts distributed pursuant to
        Sections 5.04(a)(4)(C), (D) and (G) on such date shall be deemed distributed
        from REMIC IV to REMIC V in respect of the Class I-CE Distribution Amount
        distributable to the Class I-CE Interest.

       

      (g)  On
        each
        Distribution Date, an amount equal to the amounts distributed pursuant to
        Sections 5.04(b)(3)(C), (D) and (G) on such date shall be deemed distributed
        from REMIC IV to REMIC VIII in respect of the Class II-CE Distribution Amount
        distributable to the Class II-CE Interest.

       

      (h)  On
        each
        Distribution Date, 100% of the amounts deemed distributed on REMIC III Regular
        Interest I-P shall be deemed distributed by REMIC IV to REMIC VI in respect
        of
        the Class I-P Interest.

       

      (i)  On
        each
        Distribution Date, 100% of the amounts deemed distributed on REMIC III Regular
        Interest II-P shall be deemed distributed by REMIC IV to REMIC IX in respect
        of
        the Class II-P Interest.

       

      (j)  On
        each
        Distribution Date, 100% of the amounts deemed distributed on REMIC III Regular
        Interest I-IO shall be deemed distributed by REMIC IV to REMIC VII in respect
        of
        the Class I-IO Interest. Such amounts shall be deemed distributed by REMIC
        VII
        in respect of REMIC VII Regular Interest IO for deposit into the Group I
        Supplemental Interest Trust.

       

      (k)  On
        each
        Distribution Date, 100% of the amounts deemed distributed on REMIC III Regular
        Interest II-IO shall be deemed distributed by REMIC IV to REMIC X in respect
        of
        the Class II-IO Interest. Such amounts shall be deemed distributed by REMIC
        X in
        respect of REMIC X Regular Interest IO for deposit into the Group II
        Supplemental Interest Trust.

       

       

       

      ARTICLE
        VI

      THE
        CERTIFICATES

       

      Section
        6.01  The
        Certificates. 

       

      The
        Certificates shall be substantially in the forms attached hereto as Exhibits
        A-1
        through A-5. The Certificates shall be issuable in registered form, in the
        minimum dollar denominations, integral dollar multiples in excess thereof
        (except that one Certificate of each Class may be issued in a different amount
        which must be in excess of the applicable minimum dollar denomination) and
        aggregate dollar denominations as set forth in the following table:

       

      
        	
                Class

              	
                Minimum
                  Denomination

              	
                Integral
                  Multiple in Excess of Minimum

              	
                Original
                  Certificate Principal Balance or Notional
                  Amount

              
	
                I-1A-1

              	
                $ 100,000

              	
                $ 1.00

              	
                $    
                   86,453,000.00

              
	
                I-1A-2

              	
                $ 100,000

              	
                $ 1.00

              	
                $    
                   45,021,000.00

              
	
                I-1A-3

              	
                $ 100,000

              	
                $ 1.00

              	
                $    
                   12,247,000.00

              
	
                I-2A

              	
                $ 100,000

              	
                $ 1.00

              	
                $  
                   192,142,000.00

              
	
                I-M-1

              	
                $ 100,000

              	
                $ 1.00

              	
                $
                       19,461,000.00

              
	
                I-M-2

              	
                $ 100,000

              	
                $ 1.00

              	
                $
                       14,439,000.00

              
	
                I-M-3

              	
                $ 100,000

              	
                $ 1.00

              	
                $
                         7,115,000.00

              
	
                I-M-4

              	
                $ 100,000

              	
                $ 1.00

              	
                $ 
                        6,487,000.00

              
	
                I-M-5

              	
                $ 100,000

              	
                $ 1.00

              	
                $
                         6,278,000.00

              
	
                I-M-6

              	
                $ 100,000

              	
                $ 1.00

              	
                $      
                   5,232,000.00

              
	
                I-M-7

              	
                $ 100,000

              	
                $ 1.00

              	
                $      
                   3,767,000.00

              
	
                I-M-8

              	
                $ 100,000

              	
                $ 1.00

              	
                $      
                   2,929,000.00

              
	
                I-M-9

              	
                $ 100,000

              	
                $ 1.00

              	
                $      
                   4,812,000.00

              
	
                I-M-10

              	
                $ 100,000

              	
                $ 1.00

              	
                $      
                   4,394,000.00

              
	
                I-CE

              	
                10%

              	
                1%

              	
                   
                  $    418,520,489.58
                  (1)

              
	
                I-P

              	
                $ 100

              	
                N/A

              	
                $                  
                   100.00

              
	
                I-R-1

              	
                100%

              	
                N/A

              	
                N/A

              
	
                I-R-2

              	
                100%

              	
                N/A

              	
                N/A

              
	
                I-R-3

              	
                100%

              	
                N/A

              	
                N/A

              
	
                I-RX

              	
                100%

              	
                N/A

              	
                N/A

              
	
                II-A-1

              	
                $ 100,000

              	
                $ 1.00

              	
                $   
                   76,513,000.00

              
	
                II-A-2

              	
                $ 100,000

              	
                $ 1.00

              	
                $   
                   64,257,000.00

              
	
                II-A-3

              	
                $ 100,000

              	
                $ 1.00

              	
                $      
                   6,344,000.00

              
	
                II-M-1

              	
                $ 100,000

              	
                $ 1.00

              	
                $      
                   8,064,000.00

              
	
                II-M-2

              	
                $ 100,000

              	
                $ 1.00

              	
                $      
                   7,572,000.00

              
	
                II-M-3

              	
                $ 100,000

              	
                $ 1.00

              	
                $      
                   4,524,000.00

              
	
                II-M-4

              	
                $ 100,000

              	
                $ 1.00

              	
                $      
                   4,032,000.00

              
	
                II-M-5

              	
                $ 100,000

              	
                $ 1.00

              	
                $      
                   3,737,000.00

              
	
                II-M-6

              	
                $ 100,000

              	
                $ 1.00

              	
                $      
                   3,343,000.00

              
	
                II-M-7

              	
                $ 100,000

              	
                $ 1.00

              	
                $      
                   3,147,000.00

              
	
                II-M-8

              	
                $ 100,000

              	
                $ 1.00

              	
                $      
                   2,753,000.00

              
	
                II-M-9

              	
                $ 100,000

              	
                $ 1.00

              	
                $      
                   2,556,000.00

              
	
                II-M-10

              	
                $ 100,000

              	
                $ 1.00

              	
                $      
                   2,950,000.00

              
	
                II-CE

              	
                10%

              	
                1%
                  

              	
                  
                   $    196,676,797.10(1)

              
	
                II-P

              	
                $ 100

              	
                N/A

              	
                $                 
                   100.00

              
	
                II-R-1

              	
                100%

              	
                N/A

              	
                N/A

              
	
                II-RX

              	
                100%

              	
                N/A

              	
                N/A

              

      

       

      (1) This
        is a
        Notional Amount.

      

      The
        Certificates shall be executed by manual or facsimile signature on behalf
        of the
        Trustee by an authorized officer. Certificates bearing the manual or facsimile
        signatures of individuals who were, at the time when such signatures were
        affixed, authorized to sign on behalf of the Trustee shall bind the Trustee,
        notwithstanding that such individuals or any of them have ceased to be so
        authorized prior to the authentication and delivery of such Certificates
        or did
        not hold such offices at the date of such authentication and delivery. No
        Certificate shall be entitled to any benefit under this Agreement, or be
        valid
        for any purpose, unless there appears on such Certificate the countersignature
        of the Trustee by manual signature, and such countersignature upon any
        Certificate shall be conclusive evidence, and the only evidence, that such
        Certificate has been duly countersigned and delivered hereunder. All
        Certificates shall be dated the date of their countersignature. On the Closing
        Date, the Trustee shall authenticate the Certificates to be issued at the
        written direction of the Depositor, or any affiliate thereof.

       

      The
        Depositor shall provide, or cause to be provided, to the Trustee on a continuous
        basis, an adequate inventory of Certificates to facilitate
        transfers.

       

      Section
        6.02  Certificate
        Register; Registration of Transfer and Exchange of Certificates. 

       

      (a)  The
        Trustee shall maintain, or cause to be maintained in accordance with the
        provisions of Section 6.09 hereof, a Certificate Register for the Trust Fund
        in
        which, subject to the provisions of subsections (b) and (c) below and to
        such
        reasonable regulations as it may prescribe, the Trustee shall provide for
        the
        registration of Certificates and of Transfers and exchanges of Certificates
        as
        herein provided. Upon surrender for registration of Transfer of any Certificate,
        the Trustee shall authenticate and deliver, in the name of the designated
        transferee or transferees, one or more new Certificates of the same Class
        and of
        like aggregate Percentage Interest.

       

      At
        the
        option of a Certificateholder, Certificates may be exchanged for other
        Certificates of the same Class in authorized denominations and evidencing
        the
        same aggregate Percentage Interest upon surrender of the Certificates to
        be
        exchanged at the office or agency of the Trustee. Whenever any Certificates
        are
        so surrendered for exchange, the Trustee shall execute, authenticate, and
        deliver the Certificates that the Certificateholder making the exchange is
        entitled to receive. Every Certificate presented or surrendered for registration
        of Transfer or exchange shall be accompanied by a written instrument of Transfer
        in form satisfactory to the Trustee duly executed by the Holder thereof or
        his
        attorney duly authorized in writing.

       

      No
        service charge to the Certificateholders shall be made for any registration
        of
        Transfer or exchange of Certificates, but payment of a sum sufficient to
        cover
        any tax or governmental charge that may be imposed in connection with any
        Transfer or exchange of Certificates may be required.

       

      All
        Certificates surrendered for registration of Transfer or exchange shall be
        canceled and subsequently destroyed by the Trustee in accordance with the
        Trustee’s customary procedures.

       

      (b)  Subject
        to Section 6.07 and, in the case of any Global Certificate or Private
        Certificate upon the satisfaction of the conditions set forth below, upon
        surrender for registration of transfer of any Certificate at any office or
        agency of the Trustee maintained for such purpose, the Trustee shall sign,
        countersign and shall deliver, in the name of the designated transferee or
        transferees, a new Certificate of a like Class and aggregate Percentage
        Interest, but bearing a different number.

       

      (c)  Subject
        to subsection 6.02(g), so long as a Global Certificate of such Class is
        outstanding and is held by or on behalf of the Depository, transfers of
        beneficial interests in such Global Certificate, or transfers by Holders
        of
        Individual Certificates of such Class to transferees that take delivery in
        the
        form of beneficial interests in the Global Certificate, may be made only
        in
        accordance with this subsection 6.02(c) and in accordance with the rules
        of the
        Depository:

       

      (i)  In
        the
        case of a beneficial interest in the Global Certificate being transferred
        to an
        Institutional Accredited Investor, such transferee shall be required to take
        delivery in the form of an Individual Certificate or Certificates and the
        Trustee shall register such transfer only upon compliance with the provisions
        of
        subsection 6.02(h).

       

      (ii)  In
        the
        case of a beneficial interest in a Class of Global Certificates being
        transferred to a transferee that takes delivery in the form of an Individual
        Certificate or Certificates of such Class, except as set forth in clause
        (i)
        above, the Trustee shall register such transfer only upon compliance with
        the
        provisions of subsection 6.02(h).

       

      (iii)  In
        the
        case of an Individual Certificate of a Class being transferred to a transferee
        that takes delivery in the form of a beneficial interest in a Global Certificate
        of such Class, the Trustee shall register such transfer if the transferee
        has
        provided the Trustee with a Rule 144A and Related Matters Certificate or
        comparable evidence as to its QIB status.

       

      (iv)  No
        restrictions shall apply with respect to the transfer or registration of
        transfer of a beneficial interest in the Global Certificate of a Class to
        a
        transferee that takes delivery in the form of a beneficial interest in the
        Global Certificate of such Class; provided that each such transferee shall
        be
        deemed to have made such representations and warranties contained in the
        Rule
        144A and Related Matters Certificate as are sufficient to establish that
        it is a
        QIB.

       

      (d)  Subject
        to subsection 6.02(g), an exchange of a beneficial interest in a Global
        Certificate of a Class for an Individual Certificate or Certificates of such
        Class, an exchange of an Individual Certificate or Certificates of a Class
        for a
        beneficial interest in the Global Certificate of such Class and an exchange
        of
        an Individual Certificate or Certificates of a Class for another Individual
        Certificate or Certificates of such Class (in each case, whether or not such
        exchange is made in anticipation of subsequent transfer, and, in the case
        of the
        Global Certificate of such Class, so long as such Certificate is outstanding
        and
        is held by or on behalf of the Depository) may be made only in accordance
        with
        this subsection 6.02(d) and in accordance with the rules of the
        Depository:

       

      (i)  A
        Holder
        of a beneficial interest in a Global Certificate of a Class may at any time
        exchange such beneficial interest for an Individual Certificate or Certificates
        of such Class.

       

      (ii)  A
        Holder
        of an Individual Certificate or Certificates of a Class may exchange such
        Certificate or Certificates for a beneficial interest in the Global Certificate
        of such Class if such holder furnishes to the Trustee a Rule 144A and Related
        Matters Certificate or comparable evidence as to its QIB status.

       

      (iii)  A
        Holder
        of an Individual Certificate of a Class may exchange such Certificate for
        an
        equal aggregate principal amount of Individual Certificates of such Class
        in
        different authorized denominations without any certification.

       

      (e)  (i)Upon
        acceptance for exchange or transfer of an Individual Certificate of a Class
        for
        a beneficial interest in a Global Certificate of such Class as provided herein,
        the Trustee shall cancel such Individual Certificate and shall (or shall
        request
        the Depository to) endorse on the schedule affixed to the applicable Global
        Certificate (or on a continuation of such schedule affixed to the Global
        Certificate and made a part thereof) or otherwise make in its books and records
        an appropriate notation evidencing the date of such exchange or transfer
        and an
        increase in the certificate balance of the Global Certificate equal to the
        certificate balance of such Individual Certificate exchanged or transferred
        therefor.

       

      (ii)  Upon
        acceptance for exchange or transfer of a beneficial interest in a Global
        Certificate of a Class for an Individual Certificate of such Class as provided
        herein, the Trustee shall (or shall request the Depository to) endorse on
        the
        schedule affixed to such Global Certificate (or on a continuation of such
        schedule affixed to such Global Certificate and made a part thereof) or
        otherwise make in its books and records an appropriate notation evidencing
        the
        date of such exchange or transfer and a decrease in the certificate balance
        of
        such Global Certificate equal to the certificate balance of such Individual
        Certificate issued in exchange therefor or upon transfer thereof.

       

      (f)  Any
        Individual Certificate issued in exchange for or upon transfer of another
        Individual Certificate or of a beneficial interest in a Global Certificate
        shall
        bear the applicable legends set forth in Exhibit A-2.

       

      (g)  Subject
        to the restrictions on transfer and exchange set forth in this Section 6.02,
        the
        Holder of any Individual Certificate may transfer or exchange the same in
        whole
        or in part (in an initial certificate balance equal to the minimum authorized
        denomination set forth in Section 6.01 above or any integral multiple of
        $1.00
        in excess thereof) by surrendering such Certificate at the Corporate Trust
        Office, or at the office of any transfer agent, together with an executed
        instrument of assignment and transfer satisfactory in form and substance
        to the
        Trustee in the case of transfer and a written request for exchange in the
        case
        of exchange. The Holder of a beneficial interest in a Global Certificate
        may,
        subject to the rules and procedures of the Depository, cause the Depository
        (or
        its nominee) to notify the Trustee in writing of a request for transfer or
        exchange of such beneficial interest for an Individual Certificate or
        Certificates. Following a proper request for transfer or exchange, the Trustee
        shall, within five Business Days of such request made at the Corporate Trust
        Office, sign, countersign and deliver at the Corporate Trust Office, to the
        transferee (in the case of transfer) or Holder (in the case of exchange)
        or send
        by first class mail at the risk of the transferee (in the case of transfer)
        or
        Holder (in the case of exchange) to such address as the transferee or Holder,
        as
        applicable, may request, an Individual Certificate or Certificates, as the
        case
        may require, for a like aggregate Percentage Interest and in such authorized
        denomination or denominations as may be requested. The presentation for transfer
        or exchange of any Individual Certificate shall not be valid unless made
        at the
        Corporate Trust Office by the registered Holder in person, or by a duly
        authorized attorney-in-fact.

       

      (h)  No
        Transfer of a Private Certificate shall be made unless such Transfer is made
        pursuant to an effective registration statement under the Securities Act
        and any
        applicable state securities laws or is exempt from the registration requirements
        under the Securities Act and such state securities laws. In the event that
        a
        Transfer is to be made in reliance upon an exemption from the Securities
        Act and
        such laws, in order to assure compliance with the Securities Act and such
        laws,
        the Certificateholder desiring to effect such Transfer and such
        Certificateholder’s prospective transferee shall each certify to the Trustee in
        writing the facts surrounding the Transfer by (x)(i) the delivery to the
        Trustee
        by the Certificateholder desiring to effect such transfer of a certificate
        substantially in the form set forth in Exhibit D (the “Transferor Certificate”)
        and (ii) the delivery by the Certificateholder’s prospective transferee of (A) a
        letter in substantially the form of Exhibit E (the “Investment Letter”) if the
        prospective transferee is an Institutional Accredited Investor or (B) a letter
        in substantially the form of Exhibit F (the “Rule 144A and Related Matters
        Certificate”) if the prospective transferee is a QIB or (y) there shall be
        delivered to the Trustee an Opinion of Counsel addressed to the Trustee that
        such Transfer may be made pursuant to an exemption from the Securities Act,
        which Opinion of Counsel shall not be an expense of the Depositor, the Sellers,
        the Master Servicer or the Trustee; provided,
        however,
        that
        such representation letters will not be required in connection with any transfer
        of any such Certificate by the Depositor to an affiliate of the Depositor
        and
        the Trustee and the Trustee shall be entitled to conclusively rely upon a
        representation (which, upon the request of the Trustee, shall be a written
        representation) from the Depositor of the status of such transferee as an
        affiliate of the Depositor. Notwithstanding
        the provisions of the immediately preceding sentence, no restrictions shall
        apply with respect to the transfer or registration of transfer of a beneficial
        interest in any Certificate that is a Global Certificate of a Class to a
        transferee that takes delivery in the form of a beneficial interest in the
        Global Certificate of such Class provided that each such transferee shall
        be
        deemed to have made such representations and warranties contained in the
        Rule
        144A and Related Matters Certificate as are sufficient to establish that
        it is a
        QIB. The Depositor shall provide to any Holder of a Private Certificate and
        any
        prospective transferee designated by any such Holder, information regarding
        the
        related Certificates and the Mortgage Loans and such other information as
        shall
        be necessary to satisfy the condition to eligibility set forth in Rule
        144A(d)(4) for Transfer of any such Certificate without registration thereof
        under the Securities Act pursuant to the registration exemption provided
        by Rule
        144A. The Trustee and the Master Servicer shall cooperate with the Depositor
        in
        providing the Rule 144A information referenced in the preceding sentence,
        including providing to the Depositor such information regarding the
        Certificates, the Mortgage Loans and other matters regarding the Trust Fund
        as
        the Depositor shall reasonably request to meet its obligation under the
        preceding sentence. Each Holder of a Private Certificate desiring to effect
        such
        Transfer shall, and does hereby agree to, indemnify the Trustee, the Depositor,
        the Sellers and the Master Servicer against any liability that may result
        if the
        Transfer is not so exempt or is not made in accordance with such federal
        and
        state laws.

      

        No
          transfer of any related Class CE Certificate shall be made unless the proposed
          transferee of such Class CE Certificate (1) provides to the Trustee the
          appropriate tax certification form that would eliminate any withholding
          or
          deduction for taxes from amounts payable by the related Swap Provider,
          pursuant
          to the related Swap Agreement, to the Swap Administrator on behalf of the
          related Supplemental Interest Trust (i.e., IRS Form W-9 or IRS Form W-8BEN,
          W-8IMY, W-8EXP or W-8ECI, as applicable (or any successor form thereto),
          together with any applicable attachments) and (2) agrees to update such
          form (a)
          upon expiration of any such form, (b) as required under then applicable
          U.S.
          Treasury regulations and (c) promptly upon learning that such form has
          become
          obsolete or incorrect, each as a condition to such transfer. Upon receipt
          of any
          tax certification form pursuant to the conditions set forth in the preceding
          sentence from a proposed transferee of any related Class CE Certificate,
          the
          Trustee shall forward such tax certification form to the related Supplemental
          Interest Trust Trustee. The related Supplemental Interest Trust Trustee
          shall
          forward such tax certification form provided to it to the related Swap
          Provider.
          In addition, no transfer of any related Class CE Certificate shall be made
          if
          such transfer would cause the related Supplemental Interest Trust to be
          beneficially owned by two or more persons for federal income tax purposes,
          or
          continue to be so treated, unless (i) each proposed transferee of such
          Class CE
          Certificate complies with the foregoing conditions, (ii) the proposed majority
          holder of the related Class CE Certificates (or each holder, if there is
          or
          would be no majority holder) (A) provides, or causes to be provided, on
          behalf
          of the related Supplemental Interest Trust, if applicable, the appropriate
          tax
          certification form that would be required from the related Supplemental
          Interest
          Trust to eliminate any withholding or deduction for taxes from amounts
          payable
          by the related Swap Provider, pursuant to the related Swap Agreement, to
          the
          Swap Administrator on behalf of the related Supplemental Interest Trust
          (i.e.,
          IRS Form W-9 or IRS Form W-8BEN, W-8IMY, W-8EXP or W-8ECI, as applicable
          (or any
          successor form thereto), together with any applicable attachments) and
          (B)
          agrees to update such form (x) upon expiration of any such form, (y) as
          required
          under then applicable U.S. Treasury regulations and (z) promptly upon learning
          that such form has become obsolete or incorrect. If, under applicable U.S.
          Treasury regulations, such tax certification form may only be signed by
          a
          trustee acting on behalf of the related Supplemental Interest Trust, then
          the
          related Supplemental Interest Trust Trustee shall sign such certification
          form
          if so requested by a holder of the related Class CE Certificates. Each
          holder of
          a related Class CE Certificate and each transferee thereof shall be deemed
          to
          have consented to the related Supplemental Interest Trust Trustee forwarding
          to
          the related Swap Provider any tax certification form it has provided and
          updated
          in accordance with these transfer restrictions.
          Any
          purported sales or transfers of any related Class CE Certificate to a transferee
          which does not comply with the requirements of this paragraph shall be
          deemed
          null and void under this Agreement.

      

      
      
        Prior to the termination of the related Supplemental Interest Trust, each
        beneficial owner of a related Class A Certificate or Class M Certificate
        (other
        than a Class I-M-10 Certificate and Class II-M-10 Certificate) or any interest
        therein, shall be deemed to have represented by virtue of its acquisition
        or
        holding of the Offered Certificate, or interest therein that either (i) such
        transferee is not an employee benefit plan subject to Section 406 of ERISA
        or a
        plan subject to Section 4975 of the Code (either a “Plan”), or a Person acting
        on behalf of a Plan or using the assets of a Plan, or (ii) the transferee
        provides a representation, or is deemed to represent in the case of the Global
        Certificate that (A) such plan is an accredited investor within the meaning
        of
        the Exemption and (B) the proposed transfer or holding of such Certificate
        are
        eligible for exemptive relief under Prohibited Transaction Class Exemption
        (“PTCE”) 84-14, PTCE 91-38, PTCE 90-1, PTCE 95-60 or PTCE 96-23. 

       

      Subsequent
        to the termination of the Supplemental Interest Trust, each beneficial owner
        of
        a related Class M Certificate (other than a Class I-M-10 Certificate or II-M-10
        Certificate) or any interest therein shall be deemed to have represented,
        by
        virtue of its acquisition or holding of that certificate or interest therein,
        that either (a)(i) it is not a Plan or investing with “Plan Assets”, (ii) it has
        acquired and is holding such certificate in reliance on the Exemption, and
        that
        it understands that there are certain conditions to the availability of the
        Exemption, including that the certificate must be rated, at the time of
        purchase, not lower than “BBB-” (or its equivalent) by S&P, Fitch or
        Moody’s, and the certificate is so rated or (iii) (1) it is an insurance
        company, (2) the source of funds used to acquire or hold the certificate
        or
        interest therein is an “insurance company general account,” as such term is
        defined in PTCE 95-60, and (3) the conditions in Sections I and III of PTCE
        95-60 have been satisfied.

       

      Neither
        the Trustee nor the Master Servicer will be required to monitor, determine
        or
        inquire as to compliance with the transfer restrictions with respect to the
        Global Certificates. Any attempted or purported transfer of any Certificate
        in
        violation of the provisions of this Section 6.02 shall be void ab initio
        and
        such Certificate shall be considered to have been held continuously by the
        prior
        permitted Certificateholder. Any transferor of any Certificate in violation
        of
        such provisions, shall indemnify and hold harmless the Trustee and the Master
        Servicer from and against any and all liabilities, claims, costs or expenses
        incurred by the Trustee or the Master Servicer as a result of such attempted
        or
        purported transfer. Neither the Trustee nor the Master Servicer shall have
        any
        liability for transfer of any such Global Certificates in or through book-entry
        facilities of any Depository or between or among Depository Participants
        or
        Certificate Owners made in violation of the transfer restrictions set forth
        herein. Neither
        the Trustee nor the Master Servicer shall be required to monitor, determine
        or
        inquire as to compliance with the transfer restrictions with respect to any
        ERISA Restricted Certificate that is a Book-Entry Certificate, and neither
        the Trustee nor the Master Servicer shall have any liability for transfers
        of
        any such Book-Entry Certificates made through the book-entry facilities of
        any
        Depository or between or among participants of the Depository or Certificate
        Owners made in violation of the transfer restrictions set forth herein. Neither
        the Trustee nor the Master Servicer shall be under any liability to any Person
        for any registration or transfer of any ERISA Restricted Certificate that
        is in
        fact not permitted by this Section 6.02(h) or for making any payments due
        on
        such Certificate to the Holder thereof or taking any other action with respect
        to such Holder under the provisions of this Agreement. The Trustee shall
        be
        entitled, but not obligated, to recover from any Holder of any ERISA Restricted
        Certificate that was in fact a Plan or a Person acting on behalf of a Plan
        at
        the time it became a Holder or, at such subsequent time as it became a Plan
        or
        Person acting on behalf of a Plan, all payments made on such ERISA Restricted
        Certificate at and after either such time. Any such payments so recovered
        by the
        Trustee shall be paid and delivered by the Trustee to the last preceding
        Holder
        of such Certificate that is not a Plan or Person acting on behalf of a
        Plan.

       

      No
        Transfer of a Class I-M-10, Class II-M-10, Class I-CE, Class II-CE, Class
        I-P,
        Class II-P or Residual Certificate shall be made unless either (i) the
        transferee of such Certificate provides a representation, or is deemed to
        represent in the case of a Global Certificate, to the Trustee and the Master
        Servicer acceptable to and in form and substance satisfactory to the Trustee
        and
        the Master Servicer, to the effect that such transferee is not a Plan, or
        a
        Person acting on behalf of a Plan or using the assets of a Plan, or (ii)
        in the
        case of any such Certificate presented for registration in the name of a
        Plan,
        or a trustee of a Plan or any other person acting on behalf of a Plan, the
        Trustee shall have received an Opinion of Counsel for the benefit of the
        Trustee
        and the Master Servicer and on which they may rely, satisfactory to the Trustee,
        to the effect that the purchase and holding of such Certificate are permissible
        under applicable law, will not result in any prohibited transactions under
        ERISA
        or Section 4975 of the Code and will not subject the Trustee, the Master
        Servicer or the Depositor to any obligation in addition to those expressly
        undertaken in this Agreement, which Opinion of Counsel shall not be an expense
        of the Trustee, the Master Servicer or the Depositor, or (iii) in the case
        of a
        Class I-M-10 Certificate or Class II-M-10 Certificate, the transferee provides
        a
        representation, or is deemed to represent in the case of the Global Certificate,
        or an Opinion of Counsel to the effect that the proposed transfer or holding
        of
        such Class I-M-10 Certificate or Class II-M-10 Certificate and the servicing,
        management and operation of the Trust and its assets: (I) will not result
        in any
        prohibited transaction which is not covered under individual or class prohibited
        transaction exemption including but not limited to PTCE 84-14, PTCE 91-38,
        PTCE
        90-1, PTCE 95-60 or PTCE 96-23 and (II) will not give rise to any obligation
        on
        the part of the Depositor, the Master Servicer or the Trustee in addition
        to
        those expressly undertaken in this Agreement. Neither the Trustee nor the
        Master
        Servicer shall be required to monitor, determine or inquire as to compliance
        with the transfer restrictions with respect to any Private Certificate that
        is a
        Book-Entry Certificate, and neither the Trustee nor the Master Servicer shall
        have any liability for transfers of any such Book-Entry Certificates made
        through the book-entry facilities of any Depository or between or among
        participants of the Depository or Certificate Owners made in violation of
        the
        transfer restrictions set forth herein. Neither the Trustee nor the Master
        Servicer shall be under any liability to any Person for any registration
        or
        transfer of any Private Certificate that is in fact not permitted by this
        Section 6.02(h) or for making any payments due on such Certificate to the
        Holder
        thereof or taking any other action with respect to such Holder under the
        provisions of this Agreement. The Trustee shall be entitled, but not obligated,
        to recover from any Holder of any Private Certificate that was in fact a
        Plan or
        a Person acting on behalf of a Plan at the time it became a Holder or, at
        such
        subsequent time as it became a Plan or Person acting on behalf of a Plan,
        all
        payments made on such Private Certificate at and after either such time.
        Any
        such payments so recovered by the Trustee shall be paid and delivered by
        the
        Trustee to the last preceding Holder of such Certificate that is not a Plan
        or
        Person acting on behalf of a Plan.

       

      (i)  Each
        Person who has or who acquires any Ownership Interest in a Residual Certificate
        shall be deemed by the acceptance or acquisition of such Ownership Interest
        to
        have agreed to be bound by the following provisions, and the rights of each
        Person acquiring any Ownership Interest in a Residual Certificate are expressly
        subject to the following provisions:

       

      (i)  Each
        Person holding or acquiring any Ownership Interest in a Residual Certificate
        shall be a Permitted Transferee and shall promptly notify the Trustee of
        any
        change or impending change in its status as a Permitted Transferee.

       

      (ii)  No
        Ownership Interest in a Residual Certificate may be registered on the Closing
        Date or thereafter transferred, and the Trustee shall not register the Transfer
        of any Residual Certificate unless, in addition to the certificates required
        to
        be delivered to the Trustee under subsection (b) above, the Trustee shall
        have
        been furnished with an affidavit (a “Transfer Affidavit”) of the initial owner
        or the proposed transferee in the form attached hereto as Exhibit
        C.

       

      (iii)  Each
        Person holding or acquiring any Ownership Interest in a Residual Certificate
        shall agree (A) to obtain a Transfer Affidavit from any other Person to whom
        such Person attempts to Transfer its Ownership Interest in a Residual
        Certificate, (B) to obtain a Transfer Affidavit from any Person for whom
        such
        Person is acting as nominee, trustee or agent in connection with any Transfer
        of
        a Residual Certificate and (C) not to Transfer its Ownership Interest in
        a
        Residual Certificate or to cause the Transfer of an Ownership Interest in
        a
        Residual Certificate to any other Person if it has actual knowledge that
        such
        Person is not a Permitted Transferee.

       

      (iv)  Any
        attempted or purported Transfer of any Ownership Interest in a Residual
        Certificate in violation of the provisions of this Section 6.02(i) shall
        be
        absolutely null and void and shall vest no rights in the purported transferee.
        If any purported transferee shall become a Holder of a Residual Certificate
        in
        violation of the provisions of this Section 6.02(i), then the last preceding
        Permitted Transferee shall be restored to all rights as Holder thereof
        retroactive to the date of registration of Transfer of such Residual
        Certificate. The Trustee shall be under no liability to any Person for any
        registration of Transfer of a Residual Certificate that is in fact not permitted
        by Section 6.02(h) and this Section 6.02(i) or for making any payments due
        on
        such Certificate to the Holder thereof or taking any other action with respect
        to such Holder under the provisions of this Agreement so long as the Transfer
        was registered after receipt of the related Transfer Affidavit. The Trustee
        shall be entitled but not obligated to recover from any Holder of a Residual
        Certificate that was in fact not a Permitted Transferee at the time it became
        a
        Holder or, at such subsequent time as it became other than a Permitted
        Transferee, all payments made on such Residual Certificate at and after either
        such time. Any such payments so recovered by the Trustee shall be paid and
        delivered by the Trustee to the last preceding Permitted Transferee of such
        Certificate.

       

      (v)  The
        Master Servicer shall make available within 60 days of written request from
        the
        Trustee, all information necessary to compute any tax imposed under Section
        860E(e) of the Code as a result of a Transfer of an Ownership Interest in
        a
        Residual Certificate to any Holder who is not a Permitted
        Transferee.

       

      The
        restrictions on Transfers of a Residual Certificate set forth in this Section
        6.02(i) shall cease to apply (and the applicable portions of the legend on
        a
        Residual Certificate may be deleted) with respect to Transfers occurring
        after
        delivery to the Trustee of an Opinion of Counsel addressed to the Trustee,
        which
        Opinion of Counsel shall not be an expense of the Trustee, the Sellers or
        the
        Master Servicer to the effect that the elimination of such restrictions,
        or any
        Transfer allowed by the elimination of such restrictions, will not cause
        REMIC
        I, REMIC II, REMIC III, REMIC IV, REMIC V, REMIC VI, REMIC VII, REMIC VIII,
        REMIC IX or REMIC X, as applicable, to fail to qualify as a REMIC at any
        time
        that the Certificates are outstanding or result in the imposition of any
        tax on
        the Trust Fund, a Certificateholder or another Person. Each Person holding
        or
        acquiring any Ownership Interest in a Residual Certificate hereby consents
        to
        any amendment of this Agreement that, based on an Opinion of Counsel addressed
        to the Trustee and furnished to the Trustee, is reasonably necessary (a)
        to
        ensure that the record ownership of, or any beneficial interest in, a Residual
        Certificate is not transferred, directly or indirectly, to a Person that
        is not
        a Permitted Transferee and (b) to provide for a means to compel the Transfer
        of
        a Residual Certificate that is held by a Person that is not a Permitted
        Transferee to a Holder that is a Permitted Transferee.

       

      (j)  The
        preparation and delivery of all certificates and opinions referred to above
        in
        this Section 6.02 shall not be an expense of the Trust Fund, the Trustee,
        the
        Depositor, the Sellers or the Master Servicer.

       

      Section
        6.03  Mutilated,
        Destroyed, Lost or Stolen Certificates. 

       

      If
        (a)
        any mutilated Certificate is surrendered to the Trustee, or the Trustee receives
        evidence to its satisfaction of the destruction, loss or theft of any
        Certificate and of the ownership thereof and (b) there is delivered to the
        Trustee such security or indemnity as may be required by them to save each
        of
        them harmless, then, in the absence of notice to the Trustee that such
        Certificate has been acquired by a bona fide purchaser, the Trustee shall
        execute, authenticate and deliver, in exchange for or in lieu of any such
        mutilated, destroyed, lost or stolen Certificate, a new Certificate of like
        Class, tenor and Percentage Interest. In connection with the issuance of
        any new
        Certificate under this Section 6.03, the Trustee may require the payment
        of a
        sum sufficient to cover any tax or other governmental charge that may be
        imposed
        in relation thereto and any other expenses (including the fees and expenses
        of
        the Trustee) connected therewith. Any replacement Certificate issued pursuant
        to
        this Section 6.03 shall constitute complete and indefeasible evidence of
        ownership in the Trust Fund, as if originally issued, whether or not the
        lost,
        stolen or destroyed Certificate shall be found at any time. All Certificates
        surrendered to the Trustee under the terms of this Section 6.03 shall be
        canceled and destroyed by the Trustee in accordance with its standard procedures
        without liability on its part.

       

      Section
        6.04  Persons
        Deemed Owners. 

       

      The
        Trustee and any agent of the Trustee may treat the person in whose name any
        Certificate is registered as the owner of such Certificate for the purpose
        of
        receiving distributions as provided in this Agreement and for all other purposes
        whatsoever, and neither the Trustee nor any agent of the Trustee shall be
        affected by any notice to the contrary.

       

      Section
        6.05  Access
        to List of Certificateholders’ Names and Addresses. 

       

      If
        three
        or more Certificateholders (a) request such information in writing from the
        Trustee, (b) state that such Certificateholders desire to communicate with
        other
        Certificateholders with respect to their rights under this Agreement or under
        the Certificates, and (c) provide a copy of the communication that such
        Certificateholders propose to transmit or if the Depositor or the Master
        Servicer shall request such information in writing from the Trustee, then
        the
        Trustee shall, within ten Business Days after the receipt of such request,
        provide the Depositor, the Master Servicer or such Certificateholders at
        such
        recipients’ expense the most recent list of the Certificateholders of the Trust
        Fund held by the Trustee, if any. The Depositor and every Certificateholder,
        by
        receiving and holding a Certificate, agree that the Trustee shall not be
        held
        accountable by reason of the disclosure of any such information as to the
        list
        of the Certificateholders hereunder, regardless of the source from which
        such
        information was derived.

       

      Section
        6.06  Book-Entry
        Certificates. 

       

      The
        Regular Certificates (other than the Class CE Certificates and Class P
        Certificates), upon original issuance, shall be issued in the form of one
        or
        more typewritten Certificates representing the Book-Entry Certificates, to
        be
        delivered to the Depository by or on behalf of the Depositor. Such Certificates
        shall initially be registered on the Certificate Register in the name of
        the
        Depository or its nominee, and no Certificate Owner of such Certificates
        will
        receive a definitive certificate representing such Certificate Owner’s interest
        in such Certificates, except as provided in Section 6.08. Unless and until
        definitive, fully registered Certificates (“Definitive Certificates”) have been
        issued to the Certificate Owners of such Certificates pursuant to Section
        6.08:

       

      (a)  the
        provisions of this Section shall be in full force and effect;

       

      (b)  the
        Depositor and the Trustee may deal with the Depository and the Depository
        Participants for all purposes (including the making of distributions) as
        the
        authorized representative of the respective Certificate Owners of such
        Certificates;

       

      (c)  registration
        of the Book-Entry Certificates may not be transferred by the Trustee except
        to
        another Depository;

       

      (d)  the
        rights of the respective Certificate Owners of such Certificates shall be
        exercised only through the Depository and the Depository Participants and
        shall
        be limited to those established by law and agreements between the Owners
        of such
        Certificates and the Depository and/or the Depository Participants. Pursuant
        to
        the Depository Agreement, unless and until Definitive Certificates are issued
        pursuant to Section 6.08, the Depository will make book-entry transfers among
        the Depository Participants and receive and transmit distributions of principal
        and interest on the related Certificates to such Depository
        Participants;

       

      (e)  the
        Depository may collect its usual and customary fees, charges and expenses
        from
        its Depository Participants;

       

      (f)  the
        Trustee may rely and shall be fully protected in relying upon information
        furnished by the Depository with respect to its Depository Participants;
        and

       

      (g)  to
        the
        extent that the provisions of this Section conflict with any other provisions
        of
        this Agreement, the provisions of this Section shall control.

       

      For
        purposes of any provision of this Agreement requiring or permitting actions
        with
        the consent of, or at the direction of, Certificateholders evidencing a
        specified percentage of the aggregate unpaid principal amount of any Class
        of
        Certificates, such direction or consent may be given by Certificate Owners
        (acting through the Depository and the Depository Participants) owning
        Book-Entry Certificates evidencing the requisite percentage of principal
        amount
        of such Class of Certificates.

       

      The
        Private Certificates (other than Class I-M-10 Certificates and Class II-M-10
        Certificates) shall initially be held in fully registered certificated form.
        If
        at any time the Holders of all of the Certificates of one or more such Classes
        request that the Trustee cause such Class to become Global Certificates,
        the
        Depositor (with the assistance of the Trustee) will take such action as may
        be
        reasonably required to cause the Depository to accept such Class or Classes
        for
        trading if it may legally be so traded. If at anytime there are to be Global
        Certificates, the Global Certificates shall be delivered to the Depository
        by
        the Depositor or deposited with the Trustee as custodian for the
        Depository.

       

      All
        transfers by Certificate Owners of such respective Classes of Book-Entry
        Certificates and any Global Certificates shall be made in accordance with
        the
        procedures established by the Depository Participant or brokerage firm
        representing such Certificate Owners. Each Depository Participant shall only
        transfer Book-Entry Certificates of Certificate Owners it represents or of
        brokerage firms for which it acts as agent in accordance with the Depository’s
        normal procedures.

       

      Section
        6.07  Notices
        to Depository. 

       

      Whenever
        any notice or other communication is required to be given to Certificateholders
        of a Class with respect to which Book-Entry Certificates have been issued,
        unless and until Definitive Certificates shall have been issued to the related
        Certificate Owners, the Trustee shall give all such notices and communications
        to the Depository.

       

      Section
        6.08  Definitive
        Certificates. 

       

      If,
        after
        Book-Entry Certificates have been issued with respect to any Certificates,
        (a)
        the Depositor or the Depository advises the Trustee that the Depository is
        no
        longer willing or able to discharge properly its responsibilities under the
        Depository Agreement with respect to such Certificates and the Depositor
        is
        unable to locate a qualified successor or (b) the Depositor, with the consent
        of
        Depository Participants, advises the Trustee that it elects to terminate
        the
        book-entry system with respect to such Certificates through the Depository,
        then
        the Trustee shall notify all Certificate Owners of such Certificates, through
        the Depository, of the occurrence of any such event and of the availability
        of
        Definitive Certificates to applicable Certificate Owners requesting the same.
        The Depositor shall provide the Trustee with an adequate inventory of
        certificates to facilitate the issuance and transfer of Definitive Certificates.
        Upon surrender to the Trustee of any such Certificates by the Depository,
        accompanied by registration instructions from the Depository for registration,
        the Trustee shall countersign and deliver such Definitive Certificates. Neither
        the Depositor nor the Trustee shall be liable for any delay in delivery of
        such
        instructions and each may conclusively rely on, and shall be protected in
        relying on, such instructions.

       

      In
        addition, if an Event of Default has occurred and is continuing, each
        Certificate Owner materially adversely affected thereby may at its option
        request a Definitive Certificate evidencing such Certificate Owner’s Voting
        Rights in the related Class of Certificates. In order to make such request,
        such
        Certificate Owner shall, subject to the rules and procedures of the Depository,
        provide the Depository or the related Depository Participant with directions
        for
        the Trustee to exchange or cause the exchange of the Certificate Owner’s
        interest in such Class of Certificates for an equivalent Voting Right in
        fully
        registered definitive form. Upon receipt by the Trustee of instructions from
        the
        Depository directing the Trustee to effect such exchange (such instructions
        to
        contain information regarding the Class of Certificates and the Certificate
        Principal Balance being exchanged, the Depository Participant account to
        be
        debited with the decrease, the registered Holder of and delivery instructions
        for the definitive Certificate, and any other information reasonably required
        by
        the Trustee), (i) the Trustee shall instruct the Depository to reduce the
        related Depository Participant’s account by the aggregate Certificate Principal
        Balance of the definitive Certificate, (ii) the Trustee shall execute,
        authenticate and deliver, in accordance with the registration and delivery
        instructions provided by the Depository, a definitive Certificate evidencing
        such Certificate Owner’s Voting Rights in such Class of Certificates and (iii)
        the Trustee shall execute and authenticate a new Book-Entry Certificate
        reflecting the reduction in the Certificate Principal Balance of such Class
        of
        Certificates by the amount of the definitive Certificates.

       

      Section
        6.09  Maintenance
        of Office or Agency. 

       

      The
        Trustee will maintain or cause to be maintained at its expense an office
        or
        offices or agency or agencies at the Corporate Trust Office where Certificates
        may be surrendered for registration of transfer or exchange. The Trustee
        initially designates its Corporate Trust Office, as the office for such
        purposes. The Trustee will give prompt written notice to the Certificateholders
        of any change in such location of any such office or agency.

       

       

       

      ARTICLE
        VII

      THE
        DEPOSITOR AND THE MASTER SERVICER

       

      Section
        7.01  Liabilities
        of the Depositor and the Master Servicer. 

       

      Each
        of
        the Depositor, and the Master Servicer shall be liable in accordance herewith
        only to the extent of the obligations specifically imposed upon and undertaken
        by it herein.

       

      Section
        7.02  Merger
        or Consolidation of the Depositor or the Master Servicer. 

       

      (a)  Each
        of
        the Depositor and the Master Servicer will keep in full force and effect
        its
        existence, rights and franchises as a corporation under the laws of the state
        of
        its incorporation, and will obtain and preserve its qualification to do business
        as a foreign corporation in each jurisdiction in which such qualification
        is or
        shall be necessary to protect the validity and enforceability of this Agreement,
        the Certificates or any of the Mortgage Loans and to perform its duties under
        this Agreement.

       

      (b)  Any
        Person into which the Depositor or the Master Servicer may be merged or
        consolidated, or any corporation resulting from any merger or consolidation
        to
        which the Depositor or the Master Servicer shall be a party, or any Person
        succeeding to the business of the Depositor or the Master Servicer, shall
        be the
        successor of the Depositor or the Master Servicer hereunder, without the
        execution or filing of any paper or further act on the part of any of the
        parties hereto, anything herein to the contrary notwithstanding.

       

      Section
        7.03  Indemnification
        of the Trustee and the Master Servicer. 

       

      (a)  The
        Master Servicer agrees to indemnify the Indemnified Persons including LaSalle
        Bank National Association as Trustee and in its individual capacity only
        to the
        extent of its performance of its duties hereunder, and to hold them harmless
        against, any loss, liability or expense (including reasonable legal fees
        and
        disbursements of counsel) incurred on their part that may be sustained in
        connection with, arising out of, or relating to, any claim or legal action
        (including any pending or threatened claim or legal action) relating to this
        Agreement, including any powers of attorney delivered pursuant to this
        Agreement, the Custodial Agreement or the Certificates (i) related to the
        Master
        Servicer’s failure to perform its duties in compliance with this Agreement
        (except as any such loss, liability or expense shall be otherwise reimbursable
        pursuant to this Agreement) or (ii) incurred by reason of the Master Servicer’s
        willful misfeasance, bad faith or gross negligence in the performance of
        duties
        hereunder or by reason of reckless disregard of obligations and duties
        hereunder, provided, in each case, that with respect to any such claim or
        legal
        action (or pending or threatened claim or legal action), the Trustee shall
        have
        given the Master Servicer and the Seller written notice thereof promptly
        after
        the Trustee shall have with respect to such claim or legal action knowledge
        thereof; provided, however that the failure to give such notice shall not
        relieve the Master Servicer of its indemnification obligations hereunder.
        This
        indemnity shall survive the resignation or removal of the Trustee or Master
        Servicer and the termination of this Agreement.

       

      (b)  The
        Seller will indemnify any Indemnified Person including LaSalle Bank National
        Association as Trustee and in its individual capacity only to the extent
        of its
        performance of its duties hereunder for any loss, liability or expense of
        any
        Indemnified Person not otherwise paid or covered pursuant to subsection (a)
        above.

       

      Section
        7.04  Limitations
        on Liability of the Depositor, the Master Servicer and Others. 

       

      Subject
        to the obligation of the Master Servicer to indemnify the Indemnified Persons
        pursuant to Section 7.03:

       

      (a)  Neither
        the Depositor, the Master Servicer nor any of the directors, officers, employees
        or agents of the Depositor and the Master Servicer shall be under any liability
        to the Indemnified Persons, the Trust Fund or the Certificateholders for
        taking
        any action or for refraining from taking any action in good faith pursuant
        to
        this Agreement, or for errors in judgment; provided, however, that this
        provision shall not protect the Depositor, the Master Servicer or any such
        Person against any breach of warranties or representations made herein or
        any
        liability which would otherwise be imposed by reason of such Person’s willful
        misfeasance, bad faith or gross negligence in the performance of duties or
        by
        reason of reckless disregard of obligations and duties hereunder.

       

      (b)  The
        Depositor, the Master Servicer and any director, officer, employee or agent
        of
        the Depositor and the Master Servicer may rely in good faith on any document
        of
        any kind prima facie properly executed and submitted by any Person respecting
        any matters arising hereunder.

       

      (c)  The
        Depositor, the Master Servicer, LaSalle Bank National Association as Trustee
        and
        in its individual capacity only to the extent of its performance of its duties
        hereunder, the Custodian and any director, officer, employee or agent of
        the
        Depositor, the Master Servicer, the Trustee, the Custodian shall be indemnified
        by the Trust and held harmless thereby against any loss, liability or expense
        (including reasonable legal fees and disbursements of counsel) incurred on
        their
        part that may be sustained in connection with, arising out of, or related
        to,
        any claim or legal action (including any pending or threatened claim or legal
        action) relating to this Agreement, the Custodial Agreement or the Certificates,
        other than (i) in the case of the Master Servicer, (x) any such loss, liability
        or expense related to the Master Servicer’s failure to perform its duties in
        compliance with this Agreement (except as any such loss, liability or expense
        shall be otherwise reimbursable pursuant to this Agreement) or (y) any such
        loss, liability or expense incurred by reason of the Master Servicer’s willful
        misfeasance, bad faith or gross negligence in the performance of duties
        hereunder, or by reason of reckless disregard of obligations and duties
        hereunder, (ii) in the case of the Trustee, any such loss, liability or expense
        incurred by reason of the Trustee’s willful misfeasance, bad faith or negligence
        in the performance of its duties hereunder, or by reason of its reckless
        disregard of obligations and duties hereunder and (iii) in the case of the
        Custodian, any such loss, liability or expense incurred by reason of the
        Custodian’s willful misfeasance, bad faith or negligence in the performance of
        its duties under the Custodial Agreement, or by reason of its reckless disregard
        of obligations and duties thereunder.

       

      (d)  Neither
        the Depositor nor the Master Servicer shall be under any obligation to appear
        in, prosecute or defend any legal action that is not incidental to its duties
        under this Agreement and that in its opinion may involve it in any expense
        or
        liability; provided, however, the Master Servicer may in its discretion,
        with
        the consent of the Trustee (which consent shall not be unreasonably withheld),
        undertake any such action which it may deem necessary or desirable with respect
        to this Agreement and the rights and duties of the parties hereto and the
        interests of the Certificateholders hereunder. In such event, the legal expenses
        and costs of such action and any liability resulting therefrom (expect any
        loss,
        liability or expense incurred by reason of reckless disregard of obligations
        and
        duties hereunder) shall be expenses, costs and liabilities of the Trust Fund,
        and the Master Servicer shall be entitled to be reimbursed therefor out of
        the
        Protected Account as provided by Section 4.02. Nothing in this subsection
        7.04(d) shall affect the Master Servicer’s obligation to service and administer
        the Mortgage Loans pursuant to Article III.

       

      (e)  In
        taking
        or recommending any course of action pursuant to this Agreement, unless
        specifically required to do so pursuant to this Agreement, the Master Servicer
        shall not be required to investigate or make recommendations concerning
        potential liabilities which the Trust might incur as a result of such course
        of
        action by reason of the condition of the Mortgaged Properties but shall give
        notice to the Trustee if it has notice of such potential
        liabilities.

       

      Section
        7.05  Master
        Servicer Not to Resign. 

       

      Except
        as
        provided in Section 7.07, the Master Servicer shall not resign from the
        obligations and duties hereby imposed on it except (i) with the prior consent
        of
        the Trustee (which consents shall not be unreasonably withheld) or (ii) upon
        a
        determination that any such duties hereunder are no longer permissible under
        applicable law and such impermissibility cannot be cured. Any such determination
        permitting the resignation of the Master Servicer shall be evidenced by an
        Opinion of Counsel, addressed to and delivered to, the Trustee. No such
        resignation by the Master Servicer shall become effective until the Trustee
        or a
        successor to the Master Servicer reasonably satisfactory to the Trustee shall
        have assumed the responsibilities and obligations of the Master Servicer
        in
        accordance with Section 8.02 hereof. The Trustee shall notify the Rating
        Agencies of the resignation of the Master Servicer.

       

      Section
        7.06  Successor
        Master Servicer. 

       

      In
        connection with the appointment of any Successor Master Servicer or the
        assumption of the duties of the Master Servicer, the Trustee may make such
        arrangements for the compensation of such Successor Master Servicer out of
        payments on the Mortgage Loans as the Trustee and such Successor Master Servicer
        shall agree. If the Successor Master Servicer does not agree that such market
        value is a fair price, such Successor Master Servicer shall obtain two
        quotations of market value from third parties actively engaged in the servicing
        of single family mortgage loans. In no event shall the compensation of any
        Successor Master Servicer exceed that permitted the Master Servicer hereunder
        without the consent of all of the Certificateholders.

       

      Section
        7.07  Sale
        and Assignment of Master Servicing. 

       

      The
        Master Servicer may sell and assign its rights and delegate its duties and
        obligations in its entirety as Master Servicer under this Agreement; provided,
        however, that: (i) the purchaser or transferee accepting such assignment
        and
        delegation (a) shall be a Person which shall be qualified to service mortgage
        loans for Fannie Mae or Freddie Mac; (b) shall have a net worth of not less
        than
        $15,000,000 (unless otherwise approved by each Rating Agency pursuant to
        clause
        (ii) below); (c) shall be reasonably satisfactory to the Trustee (as evidenced
        in a writing signed by the Trustee); and (d) shall execute and deliver to
        the
        Trustee an agreement, in form and substance reasonably satisfactory to the
        Trustee, which contains an assumption by such Person of the due and punctual
        performance and observance of each covenant and condition to be performed
        or
        observed by it as master servicer under this Agreement, any custodial agreement
        from and after the effective date of such agreement; (ii) each Rating Agency
        shall be given prior written notice of the identity of the proposed successor
        to
        the Master Servicer and each Rating Agency’s rating of the Certificates in
        effect immediately prior to such assignment, sale and delegation will not
        be
        downgraded, qualified or withdrawn as a result of such assignment, sale and
        delegation, as evidenced by a letter to such effect delivered to the Master
        Servicer and the Trustee (at the expense of the Master Servicer); and (iii)
        the
        Master Servicer assigning and selling the master servicing shall deliver
        to the
        Trustee an Officer’s Certificate and an Opinion of Counsel addressed to the
        Trustee, each stating that all conditions precedent to such action under
        this
        Agreement have been completed and such action is permitted by and complies
        with
        the terms of this Agreement. No such assignment or delegation shall affect
        any
        liability of the Master Servicer arising prior to the effective date
        thereof.

       

       

       

      ARTICLE
        VIII

      DEFAULT;
        TERMINATION OF MASTER SERVICER

       

      Section
        8.01  Events
        of Default. 

       

      “Event
        of
        Default,” wherever used herein, means any one of the following
        events:

       

      (i)  any
        failure by the Master Servicer to remit to the Trustee any amounts received
        or
        collected by the Master Servicer in respect of the Mortgage Loans and required
        to be remitted by it hereunder (other than any Advance), which failure shall
        continue unremedied for one Business Day after the date on which written
        notice
        of such failure shall have been given to the Master Servicer by the Trustee
        or
        the Depositor, or to the Trustee and the Master Servicer by the Holders of
        Certificates evidencing not less than 25% of the Voting Rights evidenced
        by the
        Certificates;

       

      (ii)  other
        than with respect to clause (vii) below, any failure by the Master Servicer
        to
        observe or perform in any material respect any other of the covenants or
        agreements on the part of the Master Servicer contained in this Agreement
        or any
        breach of a representation or warranty by the Master Servicer, which failure
        or
        breach shall continue unremedied for a period of 60 days after the date on
        which
        written notice of such failure shall have been given to Master Servicer by
        the
        Trustee or the Depositor, or to the Trustee and the Master Servicer by the
        Holders of Certificates evidencing not less than 25% of the Voting Rights
        evidenced by the Certificates;

       

      (iii)  a
        decree
        or order of a court or agency or supervisory authority having jurisdiction
        in
        the premises for the appointment of a receiver or liquidator in any insolvency,
        readjustment of debt, marshalling of assets and liabilities or similar
        proceedings, or for the winding-up or liquidation of its affairs, shall have
        been entered against the Master Servicer and such decree or order shall have
        remained in force undischarged or unstayed for a period of 60 consecutive
        days;

       

      (iv)  the
        Master Servicer shall consent to the appointment of a receiver or liquidator
        in
        any insolvency, readjustment of debt, marshalling of assets and liabilities
        or
        similar proceedings of or relating to the Master Servicer or all or
        substantially all of the property of the Master Servicer;

       

      (v)  the
        Master Servicer shall admit in writing its inability to pay its debts generally
        as they become due, file a petition to take advantage of, or commence a
        voluntary case under, any applicable insolvency or reorganization statute,
        make
        an assignment for the benefit of its creditors, or voluntarily suspend payment
        of its obligations;

       

      (vi)  the
        Master Servicer assigns or delegates its duties or rights under this Agreement
        in contravention of the provisions permitting such assignment or delegation
        under Sections 7.05 or 7.07; 

       

      (vii)  failure
        by the Master Servicer to duly perform, within the required time period,
        its
        obligations under Sections 3.13, 3.14 or 3.16; or

       

      (viii)  The
        Master Servicer fails to deposit, or cause to be deposited, in the Distribution
        Account any Advance (other than a Nonrecoverable Advance) by 5:00 p.m. New
        York
        City time on the Distribution Account Deposit Date.

       

      If
        an
        Event of Default shall occur, then, and in each and every such case, so long
        as
        such Event of Default shall not have been remedied, the Trustee may, and
        at the
        direction of the Holders of Certificates evidencing not less than 25% of
        the
        Voting Rights evidenced by the Certificates, the Trustee shall in the case
        of
        any Event of Default described in clauses (i) through (vii) above, by notice
        in
        writing to the Master Servicer and each Swap Provider (with a copy to each
        Rating Agency), terminate all of the rights and obligations of the Master
        Servicer under this Agreement and in and to the Mortgage Loans and the proceeds
        thereof, other than its rights as a Certificateholder hereunder. Notwithstanding
        anything to the contrary contained in this Agreement, the Trustee shall only
        terminate the Master Servicer for an Event of Default as described in clause
        (viii) above upon direction from the Depositor. On
        or
        after the receipt by the Master Servicer of such written notice, all authority
        and power of the Master Servicer hereunder, whether with respect to the Mortgage
        Loans or otherwise, shall pass to and be vested in the Trustee, or any successor
        appointed pursuant to Section 8.02 (a “Successor Master Servicer”). Such
        Successor Master Servicer shall thereupon if such Successor Master Servicer
        is a
        successor to the Master Servicer, make any Advance required by Article V,
        subject, in the case of the Trustee, to Section 8.02. The Trustee is hereby
        authorized and empowered to execute and deliver, on behalf of the terminated
        Master Servicer, as attorney- in-fact or otherwise, any and all documents
        and
        other instruments, and to do or accomplish all other acts or things necessary
        or
        appropriate to effect the purposes of such notice of termination, whether
        to
        complete the transfer and endorsement or assignment of any Mortgage Loans
        and
        related documents, or otherwise. Unless expressly provided in such written
        notice, no such termination shall affect any obligation of the Master Servicer
        to pay amounts owed pursuant to Article VII or Article IX. The Master Servicer
        agrees to cooperate with the Trustee in effecting the termination of the
        Master
        Servicer’s responsibilities and rights hereunder, including, without limitation,
        the transfer to the applicable Successor Master Servicer of all cash amounts
        which shall at the time be credited to the Protected Account maintained pursuant
        to Section 4.02, or thereafter be received with respect to the applicable
        Mortgage Loans. The Trustee shall promptly notify the Rating Agencies of
        the
        occurrence of an Event of Default known to the Trustee.

       

      Notwithstanding
        any termination of the activities of the Master Servicer hereunder, the Master
        Servicer shall be entitled to receive, out of any late collection of a Scheduled
        Payment on a Mortgage Loan that was due prior to the notice terminating the
        Master Servicer’s rights and obligations as Master Servicer hereunder and
        received after such notice, that portion thereof to which the Master Servicer
        would have been entitled pursuant to Sections 4.02 and to receive any other
        amounts payable to the Master Servicer hereunder the entitlement to which
        arose
        prior to the termination of its activities hereunder.

       

      Notwithstanding
        the foregoing, if an Event of Default described in clause (viii) of this
        Section
        8.01 shall occur, the Trustee shall, at the direction of the Depositor, by
        notice in writing to the Master Servicer, which may be delivered by telecopy,
        immediately terminate all of the rights and obligations of the Master Servicer
        thereafter arising under this Agreement, but without prejudice to any rights
        it
        may have as a Certificateholder or to reimbursement of Advances and other
        advances of its own funds, and the Trustee shall act as provided in Section
        8.02
        to carry out the duties of the Master Servicer, including the obligation
        to make
        any Advance the nonpayment of which was an Event of Default described in
        clause
        (viii) of this Section 8.01. Any such action taken by the Trustee must be
        prior
        to the distribution on the relevant Distribution Date.

       

      Section
        8.02  Trustee
        to Act; Appointment of Successor. 

       

      On
        and
        after the time the Master Servicer receives a notice of termination pursuant
        to
        Section 8.01 hereof the Trustee shall automatically become the successor
        to the
        Master Servicer with respect to the transactions set forth or provided for
        herein and after a transition period (not to exceed 90 days), shall be subject
        to all the responsibilities, duties and liabilities relating thereto placed
        on
        the Master Servicer by the terms and provisions hereof; provided, however
        that,
        pursuant to Article V hereof, the Trustee in its capacity as Successor Master
        Servicer shall be responsible for making any Advances required to be made
        by the
        Master Servicer immediately upon the termination of the Master Servicer and
        any
        such Advance shall be made on the Distribution Date on which such Advance
        was
        required to be made by the predecessor Master Servicer. Effective on the
        date of
        such notice of termination, as compensation therefor, the Trustee shall be
        entitled to all compensation, reimbursement of expenses and indemnification
        that
        the Master Servicer would have been entitled to if it had continued to act
        hereunder, provided, however, that the Trustee shall not be (i) liable for
        any
        acts or omissions of the Master Servicer, (ii) obligated to make Advances
        if it
        is prohibited from doing so under applicable law, (iii) responsible for expenses
        of the Master Servicer pursuant to Section 2.03 or (iv) obligated to deposit
        losses on any Permitted Investment directed by the Master Servicer.
        Notwithstanding the foregoing, the Trustee may, if it shall be unwilling
        to so
        act, or shall, if it is prohibited by applicable law from making Advances
        pursuant to Article V or if it is otherwise unable to so act, appoint, or
        petition a court of competent jurisdiction to appoint, any established mortgage
        loan servicing institution the appointment of which does not adversely affect
        the then current rating of the Certificates by each Rating Agency as the
        successor to the Master Servicer hereunder in the assumption of all or any
        part
        of the responsibilities, duties or liabilities of the Master Servicer hereunder.
        Any Successor Master Servicer shall (i) be an institution that is a Fannie
        Mae
        and Freddie Mac approved seller/servicer in good standing, that has a net
        worth
        of at least $15,000,000, (ii) be acceptable to the Trustee (which consent
        shall
        not be unreasonably withheld) and (iii) be willing to act as successor servicer
        of any Mortgage Loans under this Agreement, and shall have executed and
        delivered to the Depositor and the Trustee an agreement accepting such
        delegation and assignment, that contains an assumption by such Person of
        the
        rights, powers, duties, responsibilities, obligations and liabilities of
        the
        Master Servicer (other than any liabilities of the Master Servicer hereof
        incurred prior to termination of the Master Servicer under Section 8.01 or
        as
        otherwise set forth herein), with like effect as if originally named as a
        party
        to this Agreement, provided that each Rating Agency shall have acknowledged
        in
        writing that its rating of the Certificates in effect immediately prior to
        such
        assignment and delegation will not be qualified or reduced as a result of
        such
        assignment and delegation. If the Trustee assumes the duties and
        responsibilities of the Master Servicer in accordance with this Section 8.02,
        the Trustee shall not resign as Master Servicer until a Successor Master
        Servicer has been appointed and has accepted such appointment. Pending
        appointment of a successor to the Master Servicer hereunder, the Trustee,
        unless
        the Trustee is prohibited by law from so acting, shall act in such capacity
        as
        hereinabove provided. In connection with such appointment and assumption,
        the
        Trustee may make such arrangements for the compensation of such successor
        out of
        payments on Mortgage Loans or otherwise as it and such successor shall agree;
        provided that no such compensation unless agreed to by the Certificateholders
        shall be in excess of that permitted the Master Servicer hereunder. The Trustee
        and such successor shall take such action, consistent with this Agreement,
        as
        shall be necessary to effectuate any such succession. Neither the Trustee
        nor
        any other Successor Master Servicer shall be deemed to be in default hereunder
        by reason of any failure to make, or any delay in making, any distribution
        hereunder or any portion thereof or any failure to perform, or any delay
        in
        performing, any duties or responsibilities hereunder, in either case caused
        by
        the failure of the Master Servicer to deliver or provide, or any delay in
        delivering or providing, any cash, information, documents or records to
        it.

       

      The
        costs
        and expenses of the Trustee in connection with the termination of the Master
        Servicer, appointment of a Successor Master Servicer and, if applicable,
        any
        transfer of servicing, including, without limitation, all costs and expenses
        associated with the complete transfer of all servicing data and the completion,
        correction or manipulation of such servicing data as may be required by the
        Trustee to correct any errors or insufficiencies in the servicing data or
        otherwise to enable the Trustee or the Successor Master Servicer to service
        the
        Mortgage Loans properly and effectively, to the extent not paid by the
        terminated Master Servicer, shall be payable to the Trustee pursuant to Section
        9.05. Any successor to the Master Servicer as successor servicer under any
        Subservicing Agreement shall give notice to the applicable Mortgagors of
        such
        change of servicer and shall, during the term of its service as successor
        servicer maintain in force the policy or policies that the Master Servicer
        is
        required to maintain pursuant to Section 3.08.

       

      Section
        8.03  Notification
        to Certificateholders. 

       

      (a)  Upon
        any
        termination of or appointment of a successor to the Master Servicer, the
        Trustee
        shall give prompt written notice thereof to Certificateholders, each Swap
        Provider and to each Rating Agency.

       

      (b)  Within
        60
        days after the occurrence of any Event of Default, the Trustee shall transmit
        by
        mail to all Certificateholders and each Swap Provider notice of each such
        Event
        of Default hereunder actually known to a Responsible Officer of the Trustee,
        unless such Event of Default shall have been cured or waived.

       

      Section
        8.04  Waiver
        of Defaults. 

       

      The
        Trustee shall transmit by mail to all Certificateholders and each Swap Provider,
        within 60 days after the occurrence of any Event of Default actually known
        to a
        Responsible Officer of the Trustee, unless such Event of Default shall have
        been
        cured, notice of each such Event of Default hereunder known to the Trustee.
        The
        Holders of Certificates evidencing not less than 51% of the Voting Rights
        may,
        on behalf of all Certificateholders, waive any default by the Master Servicer
        in
        the performance of its obligations hereunder and the consequences thereof,
        except a default in the making of or the causing to be made of any required
        distribution on the Certificates. Upon any such waiver of a past default,
        such
        default shall be deemed to cease to exist, and any Event of Default arising
        therefrom shall be deemed to have been timely remedied for every purpose
        of this
        Agreement. No such waiver shall extend to any subsequent or other default
        or
        impair any right consequent thereon except to the extent expressly so waived.
        The Trustee shall give notice of any such waiver to the Rating
        Agencies.

       

       

       

      ARTICLE
        IX

      CONCERNING
        THE TRUSTEE

       

      Section
        9.01  Duties
        of Trustee. 

       

      (a)  The
        Trustee, prior to the occurrence of an Event of Default and after the curing
        or
        waiver of all Events of Default which may have occurred, undertakes to perform
        such duties and only such duties as are specifically set forth in this Agreement
        as duties of the Trustee. If an Event of Default has occurred and has not
        been
        cured or waived, the Trustee shall exercise such of the rights and powers
        vested
        in it by this Agreement, and the same degree of care and skill in their
        exercise, as a prudent person would exercise under the circumstances in the
        conduct of such Person’s own affairs.

       

      (b)  Upon
        receipt of all resolutions, certificates, statements, opinions, reports,
        documents, orders or other instruments which are specifically required to
        be
        furnished to the Trustee pursuant to any provision of this Agreement, the
        Trustee shall examine them to determine whether they are in the form required
        by
        this Agreement; provided, however, that the Trustee shall not be responsible
        for
        the accuracy or content of any resolution, certificate, statement, opinion,
        report, document, order or other instrument furnished by the Master Servicer;
        provided, further, that the Trustee shall not be responsible for the accuracy
        or
        verification of any calculation provided to it pursuant to this
        Agreement.

       

      (c)  On
        each
        Distribution Date, the Trustee shall make monthly distributions and the final
        distribution to the Certificateholders from funds in the Distribution Account
        as
        provided in Sections 5.04 and 10.01 herein.

       

      (d)  No
        provision of this Agreement shall be construed to relieve the Trustee from
        liability for its own negligent action, its own negligent failure to act
        or its
        own willful misconduct; provided, however, that:

       

      (i)  Prior
        to
        the occurrence of an Event of Default, and after the curing or waiver of
        all
        such Events of Default which may have occurred, the duties and obligations
        of
        the Trustee shall be determined solely by the express provisions of this
        Agreement, the Trustee shall not be liable except for the performance of
        their
        respective duties and obligations as are specifically set forth in this
        Agreement, no implied covenants or obligations shall be read into this Agreement
        against the Trustee and, in the absence of bad faith on the part of the Trustee,
        the Trustee may conclusively rely, as to the truth of the statements and
        the
        correctness of the opinions expressed therein, upon any certificates or opinions
        furnished to the Trustee and conforming to the requirements of this
        Agreement;

       

      (ii)  The
        Trustee shall not be liable in its individual capacity for an error of judgment
        made in good faith by a Responsible Officer or Responsible Officers of the
        Trustee unless it shall be proved that the Trustee was negligent in ascertaining
        the pertinent facts;

       

      (iii)  The
        Trustee shall not be liable with respect to any action taken, suffered or
        omitted to be taken by it in good faith in accordance with the directions
        of the
        Holders of Certificates evidencing not less than 25% of the aggregate Voting
        Rights of the Certificates (or such other percentage as specifically set
        forth
        herein), if such action or non-action relates to the time, method and place
        of
        conducting any proceeding for any remedy available to the Trustee or exercising
        any trust or other power conferred upon the Trustee under this
        Agreement;

       

      (iv)  The
        Trustee shall not be required to take notice or be deemed to have notice
        or
        knowledge of any default or Event of Default unless a Responsible Officer
        of the
        Trustee shall have actual knowledge thereof. In the absence of such knowledge,
        the Trustee may conclusively assume there is no such default or Event of
        Default;

       

      (v)  The
        Trustee shall not in any way be liable by reason of any insufficiency in
        any
        Account held by or in the name of Trustee unless it is determined by a court
        of
        competent jurisdiction in a non-appealable judgment that the Trustee’s
        negligence or willful misconduct was the primary cause of such insufficiency
        (except to the extent that the Trustee is obligor and has defaulted
        thereon);

       

      (vi)  Anything
        in this Agreement to the contrary notwithstanding, in no event shall the
        Trustee
        be liable for special, indirect or consequential loss or damage of any kind
        whatsoever (including but not limited to lost profits), even if the Trustee
        has
        been advised of the likelihood of such loss or damage and regardless of the
        form
        of action; and

       

      (vii)  None
        of
        the Master Servicer, the Seller, the Depositor or the Trustee shall be
        responsible for the acts or omissions of the other, it being understood that
        this Agreement shall not be construed to render them partners, joint venturers
        or agents of one another.

       

      The
        Trustee shall not be required to expend or risk its own funds or otherwise
        incur
        financial liability in the performance of any of its duties hereunder, or
        in the
        exercise of any of its rights or powers, if there is reasonable ground for
        believing that the repayment of such funds or adequate indemnity against
        such
        risk or liability is not reasonably assured to it, and none of the provisions
        contained in this Agreement shall in any event require the Trustee to perform,
        or be responsible for the manner of performance of, any of the obligations
        of
        the Master Servicer.

       

      (e)  All
        funds
        received by the Trustee and required to be deposited in the Distribution
        Account
        pursuant to this Agreement will be promptly so deposited by the
        Trustee.

       

      Section
        9.02  Certain
        Matters Affecting the Trustee. 

       

      (a)  Except
        as
        otherwise provided in Section 9.01:

       

      (i)  The
        Trustee may rely and shall be protected in acting or refraining from acting
        in
        reliance on any resolution or certificate of the Seller or the Master Servicer,
        any certificates of auditors or any other certificate, statement, instrument,
        opinion, report, notice, request, consent, order, appraisal, bond or other
        paper
        or document believed by it to be genuine and to have been signed or presented
        by
        the proper party or parties;

       

      (ii)  The
        Trustee may consult with counsel and any advice of such counsel or any Opinion
        of Counsel shall be full and complete authorization and protection with respect
        to any action taken or suffered or omitted by it hereunder in good faith
        and in
        accordance with such advice or Opinion of Counsel;

       

      (iii)  The
        Trustee shall not be under any obligation to exercise any of the trusts or
        powers vested in it by this Agreement, other than its obligation to give
        notices
        pursuant to this Agreement, or to institute, conduct or defend any litigation
        hereunder or in relation hereto at the request, order or direction of any
        of the
        Certificateholders pursuant to the provisions of this Agreement, unless such
        Certificateholders shall have offered to the Trustee reasonable security
        or
        indemnity against the costs, expenses and liabilities which may be incurred
        therein or thereby. Nothing contained herein shall, however, relieve the
        Trustee
        of the obligation, upon the occurrence of an Event of Default of which a
        Responsible Officer of the Trustee has actual knowledge (which has not been
        cured or waived), to exercise such of the rights and powers vested in it
        by this
        Agreement, and to use the same degree of care and skill in their exercise,
        as a
        prudent person would exercise under the circumstances in the conduct of his
        own
        affairs;

       

      (iv)  The
        Trustee shall not be liable in its individual capacity for any action taken,
        suffered or omitted by it in good faith and believed by it to be authorized
        or
        within the discretion or rights or powers conferred upon it by this
        Agreement;

       

      (v)  The
        Trustee shall not be bound to make any investigation into the facts or matters
        stated in any resolution, certificate, statement, instrument, opinion, report,
        notice, request, consent, order, approval, bond or other paper or document,
        unless requested in writing to do so by Holders of Certificates evidencing
        not
        less than 25% of the aggregate Voting Rights of the Certificates and provided
        that the payment within a reasonable time to the Trustee of the costs, expenses
        or liabilities likely to be incurred by it in the making of such investigation
        is, in the opinion of the Trustee reasonably assured to the Trustee by the
        security afforded to it by the terms of this Agreement. The Trustee may require
        reasonable indemnity against such expense or liability as a condition to
        taking
        any such action. The reasonable expense of every such examination shall be
        paid
        by the Certificateholders requesting the investigation;

       

      (vi)  The
        Trustee may execute any of the trusts or powers hereunder or perform any
        duties
        hereunder either directly or through Affiliates, agents or attorneys; provided,
        however, that the Trustee may not appoint any paying agent to perform any
        paying
        agent functions under this Agreement without the express written consent
        of the
        Master Servicer, which consents will not be unreasonably withheld. The Trustee
        shall not be liable or responsible for the misconduct or negligence of any
        of
        the Trustee’s agents or attorneys or paying agent appointed hereunder by the
        Trustee with due care and, when required, with the consent of the Master
        Servicer;

       

      (vii)  Should
        the Trustee deem the nature of any action required on its part to be unclear,
        the Trustee may require prior to such action that it be provided by the
        Depositor with reasonable further instructions; the right of the Trustee
        to
        perform any discretionary act enumerated in this Agreement shall not be
        construed as a duty, and the Trustee shall not be accountable for other than
        its
        negligence or willful misconduct in the performance of any such
        act;

       

      (viii)  The
        Trustee shall not be required to give any bond or surety with respect to
        the
        execution of the trust created hereby or the powers granted hereunder, except
        as
        provided in subsection 9.07; and

       

      (ix)  The
        Trustee shall not have any duty to conduct any affirmative investigation
        as to
        the occurrence of any condition requiring the repurchase of any Mortgage
        Loan by
        any Person pursuant to this Agreement, or the eligibility of any Mortgage
        Loan
        for purposes of this Agreement.

       

      (b)  The
        Trustee, the Swap Administrator and the Group I Supplemental Interest Trust
        Trustee are hereby directed by the Depositor to execute, deliver and perform
        its
        respective obligations under the Swap Administration Agreement and to perform
        the obligations of the Trustee, the Swap Administrator and the Group I
        Supplemental Interest Trust Trustee, respectively, thereunder on the Closing
        Date and thereafter on behalf of the Holders of the Group I Certificates
        (and
        any amendments or supplements to the Swap Administration Agreement as may
        be
        requested by the Majority Class I-CE Certificateholder regarding the
        distributions to be made to it or its designees thereunder). The Seller,
        the
        Master Servicer, the Depositor and the Group I Certificateholders by acceptance
        of their Certificates acknowledge and agree that the Trustee, the Swap
        Administrator and the Group I Supplemental Interest Trust Trustee shall execute,
        deliver and perform its respective obligations under the Swap Administration
        Agreement and shall do so solely in its capacity as Trustee, the Swap
        Administrator and the Group I Supplemental Interest Trust Trustee and not
        in its
        individual capacity. Amounts payable by the Trustee on any Distribution Date
        to
        the Swap Administrator shall be paid by the Trustee as provided herein. The
        Trustee, the Swap Administrator and the Group I Supplemental Interest Trust
        Trustee in its individual capacity shall have no responsibility for any of
        the
        undertakings, agreements or representations by it with respect to the Swap
        Administration Agreement, including, without limitation, for making any payments
        thereunder.

       

      (c)  The
        Trustee, the Swap Administrator and the Group II Supplemental Interest Trust
        Trustee are hereby directed by the Depositor to execute, deliver and perform
        its
        respective obligations under the Swap Administration Agreement and to perform
        the obligations of the Trustee, the Swap Administrator and the Group II
        Supplemental Interest Trust Trustee, respectively, thereunder on the Closing
        Date and thereafter on behalf of the Holders of the Group II Certificates
        (and
        any amendments or supplements to the Swap Administration Agreement as may
        be
        requested by the Majority Class II-CE Certificateholder regarding the
        distributions to be made to it or its designees thereunder). The Seller,
        the
        Master Servicer, the Depositor and the Group II Certificateholders by acceptance
        of their Certificates acknowledge and agree that the Trustee, the Swap
        Administrator and the Group II Supplemental Interest Trust Trustee shall
        execute, deliver and perform its respective obligations under the Swap
        Administration Agreement and shall do so solely in its capacity as Trustee,
        the
        Swap Administrator and the Group II Supplemental Interest Trust Trustee and
        not
        in its individual capacity. Amounts payable by the Trustee on any Distribution
        Date to the Swap Administrator shall be paid by the Trustee as provided herein.
        The Trustee, the Swap Administrator and the Group II Supplemental Interest
        Trust
        Trustee in its individual capacity shall have no responsibility for any of
        the
        undertakings, agreements or representations by it with respect to the Swap
        Administration Agreement, including, without limitation, for making any payments
        thereunder.

       

      It
        is
        acknowledged and agreed that the Person serving as Trustee hereunder shall
        also
        serve as Swap Administrator under the Swap Administration Agreement and act
        as a
        Supplemental Interest Trust Trustee under the related Swap Agreement. The
        Swap
        Administrator shall not have any liability for any failure or delay in payments
        to the Trust which are required under the Swap Administration Agreement where
        such failure or delay is due to the failure or delay of the Swap Providers
        in
        making such payment to the Swap Administrator. LaSalle Bank National Association
        in its individual capacity and as Swap Administrator, the Trustee and the
        Supplemental Interest Trust Trustees shall be entitled to be indemnified
        and
        held harmless by the Trust from and against any and all losses, claims, expenses
        or other liabilities that arise by reason of or in connection with the
        performance or observance by each of the Swap Administrator, the Trustee
        and the
        Supplemental Interest Trust Trustees of its duties or obligations under the
        related Swap Agreement or the Swap Administration Agreement, except to the
        extent that the same is due to the Swap Administrator’s, the Trustee’s or the
        Supplemental Interest Trust Trustees’ gross negligence, willful misconduct or
        fraud. Any Person appointed as successor trustee pursuant to Section 9.09
        shall
        also be required to serve as successor Swap Administrator and successor
        supplemental interest trust trustee under the related Swap Agreement and
        the
        Swap Administration Agreement.

       

      Section
        9.03  Trustee
        Not Liable for Certificates or Mortgage Loans. 

       

      The
        recitals contained herein and in the Certificates (other than the signature
        and
        countersignature of the Trustee on the Certificates) shall be taken as the
        statements of the Depositor, and the Trustee shall not have any responsibility
        for their correctness. The Trustee makes no representation as to the validity
        or
        sufficiency of the Certificates (other than the signature and countersignature
        of the Trustee on the Certificates) or of any Mortgage Loan except as expressly
        provided in Sections 2.02 and 2.06 hereof; provided, however, that the foregoing
        shall not relieve the Trustee, or the Custodian on its behalf, of the obligation
        to review the Mortgage Files pursuant to Section 2.02 of this Agreement.
        The
        Trustee’s signature and countersignature (or countersignature of its agent) on
        the Certificates shall be solely in its capacity as Trustee and shall not
        constitute the Certificates an obligation of the Trustee in any other capacity.
        The Trustee shall not be accountable for the use or application by the Depositor
        of any of the Certificates or of the proceeds of such Certificates, or for
        the
        use or application of any funds paid to the Depositor with respect to the
        Mortgage Loans. Subject to Section 2.06, the Trustee shall not be responsible
        for the legality or validity of this Agreement or any document or instrument
        relating to this Agreement, the validity of the execution of this Agreement
        or
        of any supplement hereto or instrument of further assurance, or the validity,
        priority, perfection or sufficiency of the security for the Certificates
        issued
        hereunder or intended to be issued hereunder. The Trustee shall not at any
        time
        have any responsibility or liability for or with respect to the legality,
        validity and enforceability of any Mortgage or any Mortgage Loan, or the
        perfection and priority of any Mortgage or the maintenance of any such
        perfection and priority, or for or with respect to the sufficiency of the
        Trust
        Fund or its ability to generate the payments to be distributed to
        Certificateholders, under this Agreement. The Trustee shall not be responsible
        for filing any financing or continuation statement in any public office at
        any
        time or to otherwise perfect or maintain the perfection of any security interest
        or lien granted to it hereunder or to record this Agreement.

       

      Section
        9.04  Trustee
        May Own Certificates. 

       

      The
        Trustee in its individual capacity or in any capacity other than as Trustee
        hereunder may become the owner or pledgee of any Certificates with the same
        rights it would have if it were not the Trustee and may otherwise deal with
        the
        parties hereto.

       

      Section
        9.05  Trustee’s
        Fees and Expenses. 

       

      The
        Trustee will be entitled to recover from the Distribution Account pursuant
        to
        Section 4.05, the Trustee Fee, all reasonable out of pocket expenses,
        disbursements and advances and the expenses of the Trustee in connection
        with
        any Event of Default (or anything related thereto, including any determination
        that an Event of Default does or does not exist), any breach of this Agreement
        or any claim or legal action (including any pending or threatened claim or
        legal
        action) incurred or made by the Trustee in the administration of the trusts
        hereunder (including the reasonable compensation, expenses and disbursements
        of
        its counsel) except any such expense, disbursement or advance as may arise
        from
        its negligence or intentional misconduct or which is the responsibility of
        the
        Certificateholders hereunder. If funds in the Distribution Account are
        insufficient therefor, the Trustee shall recover such expenses, disbursements
        or
        advances from the Depositor and the Depositor hereby agrees to pay such
        expenses, disbursements or advances. Such compensation and reimbursement
        obligation shall not be limited by any provision of law in regard to the
        compensation of a trustee of an express trust.

       

      Section
        9.06  Eligibility
        Requirements for Trustee. 

       

      The
        Trustee and any successor Trustee shall during the entire duration of this
        Agreement be a state bank or trust company or a national banking association
        organized and doing business under the laws of a state or the United States
        of
        America, authorized under such laws to exercise corporate trust powers, having
        a
        combined capital and surplus and undivided profits of at least $50,000,000,
        subject to supervision or examination by federal or state authority and rated
        “BBB” or higher by Fitch with respect to their long-term rating and rated “BBB”
or higher by S&P and “Baa2” or higher by Moody’s with respect to any
        outstanding long-term unsecured unsubordinated debt, and, in the case of
        a
        successor Trustee other than pursuant to Section 9.10, rated in one of the
        two
        highest long-term debt categories by each Rating Agency (at least “AA-” in the
        case of S&P) or otherwise acceptable to, each of the Rating Agencies and
        have a short-term debt rating of at least “A-1” from S&P, or otherwise
        acceptable to, S&P. The Trustee shall not be an Affiliate of the Master
        Servicer. If the Trustee publishes reports of condition at least annually,
        pursuant to law or to the requirements of the aforesaid supervising or examining
        authority, then for the purposes of this Section 9.06 the combined capital
        and
        surplus of such corporation shall be deemed to be its total equity capital
        (combined capital and surplus) as set forth in its most recent report of
        condition so published. In case at any time the Trustee shall cease to be
        eligible in accordance with the provisions of this Section 9.06, the Trustee
        shall resign immediately in the manner and with the effect specified in Section
        9.08.

       

      Section
        9.07  Insurance. 

       

      The
        Trustee, at its own expense, shall at all times maintain and keep in full
        force
        and effect: (i) fidelity insurance, (ii) theft of documents insurance and
        (iii)
        forgery insurance (which may be collectively satisfied by a “Financial
        Institution Bond” and/or a “Bankers’ Blanket Bond”); provided, that such
        insurance may be provided through self-insurance so long as the Trustee is
        rated
“A” or better by S&P and “A1” or better by Moody’s. All such insurance shall
        be in amounts, with standard coverage and subject to deductibles, as are
        customary for insurance typically maintained by banks or their affiliates
        which
        act as custodians for investor-owned mortgage pools. A certificate of an
        officer
        of the Trustee as to the Trustee’s compliance with this Section 9.07 shall be
        furnished to any Certificateholder upon reasonable written request.

       

      Section
        9.08  Resignation
        and Removal of Trustee. 

       

      The
        Trustee may at any time resign and be discharged from the Trust hereby created
        by giving written notice thereof to the Depositor, the Seller and the Master
        Servicer, with a copy to the Rating Agencies and each Swap Provider. Upon
        receiving such notice of resignation, the Depositor shall promptly appoint
        a
        successor trustee by written instrument, in triplicate, one copy of which
        instrument shall be delivered to each of the resigning Trustee and the successor
        trustee. If no successor trustee shall have been so appointed and have accepted
        appointment within 30 days after the giving of such notice of resignation,
        the
        resigning Trustee may petition any court of competent jurisdiction for the
        appointment of a successor trustee.

       

      If
        at any
        time (i) the Trustee shall cease to be eligible in accordance with the
        provisions of Section 9.06 hereof and shall fail to resign after written
        request
        thereto by the Depositor, (ii) the Trustee shall become incapable of acting,
        or
        shall be adjudged as bankrupt or insolvent, or a receiver of the Trustee
        or of
        its property shall be appointed, or any public officer shall take charge
        or
        control of the Trustee or of its property or affairs for the purpose of
        rehabilitation, conservation or liquidation, or (iii)(A) a tax is imposed
        with
        respect to the Trust Fund by any state in which the Trustee or the Trust
        Fund is
        located, (B) the imposition of such tax would be avoided by the appointment
        of a
        different trustee and (C) the Trustee fails to indemnify the Trust Fund against
        such tax, then the Depositor or the Master Servicer may remove the Trustee
        and
        appoint a successor trustee by written instrument, in multiple copies, a
        copy of
        which instrument shall be delivered to the Trustee, the Master Servicer and
        the
        successor trustee.

       

      The
        Holders evidencing at least 51% of the Voting Rights of each Class of
        Certificates may at any time remove the Trustee and appoint a successor trustee
        by written instrument or instruments, in multiple copies, signed by such
        Holders
        or their attorneys-in-fact duly authorized, one complete set of which
        instruments shall be delivered by the successor trustee to the Master Servicer,
        the Trustee so removed and the successor trustee so appointed. Notice of
        any
        removal of the Trustee shall be given to each Rating Agency by the Trustee
        or
        successor trustee.

       

      Any
        resignation or removal of LaSalle Bank National Association as Trustee shall
        also result in the resignation or removal, as applicable, of LaSalle Bank
        National Association as Swap Administrator. Any resignation or removal of
        the
        Trustee and appointment of a successor trustee pursuant to any of the provisions
        of this Section 9.08 shall become effective upon acceptance of appointment
        by
        the successor trustee as provided in Section 9.09 hereof and upon acceptance
        of
        appointment by a successor Swap administrator under the Swap Administration
        Agreement.

       

      Section
        9.09  Successor
        Trustee. 

       

      Any
        successor trustee appointed as provided in Section 9.08 hereof shall execute,
        acknowledge and deliver to the Depositor, to its predecessor trustee, the
        Master
        Servicer an instrument accepting such appointment hereunder and thereupon
        the
        resignation or removal of the predecessor trustee shall become effective
        and
        such successor trustee without any further act, deed or conveyance, shall
        become
        fully vested with all the rights, powers, duties and obligations of its
        predecessor hereunder, with the like effect as if originally named as trustee
        herein.

       

      No
        successor trustee shall accept appointment as provided in this Section 9.09
        unless at the time of such acceptance such successor trustee shall be eligible
        under the provisions of Section 9.07 hereof and its appointment shall not
        adversely affect the then current rating of the Certificates.

       

      Upon
        acceptance of appointment by a successor trustee as provided in this Section
        9.09, the successor trustee shall mail notice of the succession of such trustee
        hereunder to all Holders of Certificates. If the successor trustee fails
        to mail
        such notice within ten days after acceptance of appointment, the Depositor
        shall
        cause such notice to be mailed at the expense of the Trust Fund.

       

      Section
        9.10  Merger
        or Consolidation of Trustee. 

       

      Any
        corporation, state bank or national banking association into which the Trustee
        may be merged or converted or with which it may be consolidated or any
        corporation, state bank or national banking association resulting from any
        merger, conversion or consolidation to which the Trustee shall be a party,
        or
        any corporation, state bank or national banking association succeeding to
        substantially all of the corporate trust business of the Trustee, shall be
        the
        successor of the Trustee hereunder, provided that such corporation shall
        be
        eligible under the provisions of Section 9.06 hereof without the execution
        or
        filing of any paper or further act on the part of any of the parties hereto,
        anything herein to the contrary notwithstanding.

       

      Section
        9.11  Appointment
        of Co-Trustee or Separate Trustee. 

       

      Notwithstanding
        any other provisions of this Agreement, at any time, for the purpose of meeting
        any legal requirements of any jurisdiction in which any part of the Trust
        Fund
        or property securing any Mortgage Note may at the time be located, the Master
        Servicer and the Trustee acting jointly shall have the power and shall execute
        and deliver all instruments to appoint one or more Persons approved by the
        Trustee to act as co-trustee or co-trustees jointly with the Trustee, or
        separate trustee or separate trustees, of all or any part of the Trust Fund,
        and
        to vest in such Person or Persons, in such capacity and for the benefit of
        the
        Certificateholders, such title to the Trust Fund or any part thereof, whichever
        is applicable, and, subject to the other provisions of this Section 9.11,
        such
        powers, duties, obligations, rights and trusts as the Master Servicer and
        the
        Trustee may consider necessary or desirable. If the Master Servicer shall
        not
        have joined in such appointment within 15 days after the receipt by it of
        a
        request to do so, or in the case an Event of Default shall have occurred
        and be
        continuing, the Trustee alone shall have the power to make such appointment.
        No
        co-trustee or separate trustee hereunder shall be required to meet the terms
        of
        eligibility as a successor trustee under Section 9.06 and no notice to
        Certificateholders of the appointment of any co-trustee or separate trustee
        shall be required under Section 9.09.

       

      Every
        separate trustee and co-trustee shall, to the extent permitted by law, be
        appointed and act subject to the following provisions and
        conditions:

       

      (i)  All
        rights, powers, duties and obligations conferred or imposed upon the Trustee,
        except for the obligation of the Trustee under this Agreement to advance
        funds
        on behalf of the Master Servicer, shall be conferred or imposed upon and
        exercised or performed by the Trustee and such separate trustee or co-trustee
        jointly (it being understood that such separate trustee or co-trustee is
        not
        authorized to act separately without the Trustee joining in such act), except
        to
        the extent that under any law of any jurisdiction in which any particular
        act or
        acts are to be performed (whether a Trustee hereunder or as a Successor Master
        Servicer hereunder), the Trustee shall be incompetent or unqualified to perform
        such act or acts, in which event such rights, powers, duties and obligations
        (including the holding of title to the Trust Fund or any portion thereof
        in any
        such jurisdiction) shall be exercised and performed singly by such separate
        trustee or co-trustee, but solely at the direction of the Trustee;

       

      (ii)  No
        trustee hereunder shall be held personally liable by reason of any act or
        omission of any other trustee hereunder; and

       

      (iii)  The
        Trustee may at any time accept the resignation of or remove any separate
        trustee
        or co-trustee.

       

      Any
        notice, request or other writing given to the Trustee shall be deemed to
        have
        been given to each of the then separate trustees and co-trustees, as effectively
        as if given to each of them. Every instrument appointing any separate trustee
        or
        co-trustee shall refer to this Agreement and the conditions of this Article
        IX.
        Each separate trustee and co-trustee, upon its acceptance of the trusts
        conferred, shall be vested with the estates or property specified in its
        instrument of appointment, either jointly with the Trustee or separately,
        as may
        be provided therein, subject to all the provisions of this Agreement,
        specifically including every provision of this Agreement relating to the
        conduct
        of, affecting the liability of, or affording protection to, the Trustee.
        Every
        such instrument shall be filed with the Trustee and a copy thereof given
        to the
        Master Servicer and the Depositor.

       

      Any
        separate trustee or co-trustee may, at any time, constitute the Trustee its
        agent or attorney-in-fact, with full power and authority, to the extent not
        prohibited by law, to do any lawful act under or in respect of this Agreement
        on
        its behalf and in its name. If any separate trustee or co- trustee shall
        die,
        become incapable of acting, resign or be removed, all of its estates,
        properties, rights, remedies and trusts shall vest in and be exercised by
        the
        Trustee, to the extent permitted by law, without the appointment of a new
        or
        successor trustee.

       

      Section
        9.12  Tax
        Matters. 

       

      It
        is
        intended that the Trust Fund shall constitute, and that the affairs of the
        Trust
        Fund shall be conducted so that each REMIC formed hereunder qualifies as,
        a
“real estate mortgage investment conduit” as defined in and in accordance with
        the REMIC Provisions. In furtherance of such intention, the Trustee covenants
        and agrees that it shall act as agent (and the Trustee is hereby appointed
        to
        act as agent) on behalf of the Trust Fund. The Trustee, as agent on behalf
        of
        the Trust Fund, shall do or refrain from doing, as applicable, the following:
        (a) the Trustee shall prepare and file, or cause to be prepared and filed,
        in a
        timely manner, U.S. Real Estate Mortgage Investment Conduit Income Tax Returns
        (Form 1066 or any successor form adopted by the Internal Revenue Service)
        and
        prepare and file or cause to be prepared and filed with the Internal Revenue
        Service and applicable state or local tax authorities income tax or information
        returns for each taxable year with respect to each such REMIC containing
        such
        information and at the times and in the manner as may be required by the
        Code or
        state or local tax laws, regulations, or rules, and furnish or cause to be
        furnished to Certificateholders the schedules, statements or information
        at such
        times and in such manner as may be required thereby; (b) the Trustee shall
        apply
        for an employer identification number with the Internal Revenue Service via
        a
        Form SS-4 or other comparable method for each REMIC that is or becomes a
        taxable
        entity, and within thirty days of the Closing Date, furnish or cause to be
        furnished to the Internal Revenue Service, on Forms 8811 or as otherwise
        may be
        required by the Code, the name, title, address, and telephone number of the
        Person that the Holders of the Certificates may contact for tax information
        relating thereto, together with such additional information as may be required
        by such Form, and update such information at the time or times in the manner
        required by the Code for the Trust Fund; (c) the Trustee shall make or cause
        to
        be made elections, on behalf of each REMIC formed hereunder to be treated
        as a
        REMIC on the federal tax return of such REMIC for its first taxable year
        (and,
        if necessary, under applicable state law); (d) the Trustee shall prepare
        and
        forward, or cause to be prepared and forwarded, to the Certificateholders
        and to
        the Internal Revenue Service and, if necessary, state tax authorities, all
        information returns and reports as and when required to be provided to them
        in
        accordance with the REMIC Provisions, including without limitation, the
        calculation of any original issue discount using the Prepayment Assumption;
        (e)
        the Trustee shall provide information necessary for the computation of tax
        imposed on the Transfer of a Residual Certificate to a Person that is not
        a
        Permitted Transferee, or an agent (including a broker, nominee or other
        middleman) of a Person that is not a Permitted Transferee, or a pass-through
        entity in which a Person that is not a Permitted Transferee is the record
        Holder
        of an interest (the reasonable cost of computing and furnishing such information
        may be charged to the Person liable for such tax); (f) the Trustee shall,
        to the
        extent under its control, conduct the affairs of the Trust Fund at all times
        that any Certificates are outstanding so as to maintain the status of each
        REMIC
        formed hereunder as a REMIC under the REMIC Provisions; (g) the Trustee shall
        not knowingly or intentionally take any action or omit to take any action
        that
        could (i) cause the termination of the REMIC status of any REMIC formed
        hereunder or (ii) result in the imposition of a tax upon the Trust Fund
        (including but not limited to the tax on prohibited transactions as defined
        in
        Section 860F(a)(2) of the Code and the tax on contributions to a REMIC set
        forth
        in Section 860G(d) of the Code); (h) the Trustee shall pay, from the sources
        specified in this Section 9.12, the amount of any federal, state and local
        taxes, including prohibited transaction taxes as described below, imposed
        on any
        REMIC formed hereunder prior to the termination of the Trust Fund when and
        as
        the same shall be due and payable (but such obligation shall not prevent
        the
        Trustee or any other appropriate Person from contesting any such tax in
        appropriate proceedings and shall not prevent the Trustee from withholding
        payment of such tax, if permitted by law, pending the outcome of such
        proceedings); (i) the Trustee shall sign or cause to be signed federal, state
        or
        local income tax or information returns or any other document prepared pursuant
        to this Section 9.12 requiring a signature thereon by the relevant tax
        authorities or other governmental entity; (j) the Trustee shall maintain
        records
        relating to each REMIC formed hereunder including but not limited to the
        income,
        expenses, assets and liabilities of each such REMIC and adjusted basis of
        the
        Trust Fund property determined at such intervals as may be required by the
        Code,
        as may be necessary to prepare the foregoing returns, schedules, statements
        or
        information; (k) the Trustee shall, for federal income tax purposes, maintain
        books and records with respect to the REMICs on a calendar year and on an
        accrual basis; (l) the Trustee shall not enter into any arrangement not
        otherwise provided for in this Agreement by which the REMICs will receive
        a fee
        or other compensation for services nor permit the REMICs to receive any income
        from assets other than “qualified mortgages” as defined in Section 860G(a)(3) of
        the Code or “permitted investments” as defined in Section 860G(a)(5) of the
        Code; and (m) as and when necessary and appropriate, the Trustee, at the
        expense
        of the Trust Fund, shall represent the Trust Fund in any administrative or
        judicial proceedings relating to an examination or audit by any governmental
        taxing authority, request an administrative adjustment as to any taxable
        year of
        any REMIC formed hereunder, enter into settlement agreements with any
        governmental taxing agency, extend any statute of limitations relating to
        any
        tax item of the Trust Fund, and otherwise act on behalf of each REMIC formed
        hereunder in relation to any tax matter involving any such REMIC.

       

      In
        order
        to enable the Trustee to perform its duties as set forth herein, the Depositor
        shall provide, or cause to be provided, to the Trustee within 10 days after
        the
        Closing Date all information or data that the Trustee requests in writing
        and
        determines to be relevant for tax purposes to the valuations and offering
        prices
        of the Certificates, including, without limitation, the price, yield, prepayment
        assumption and projected cash flows of the Certificates and the Mortgage
        Loans.
        Thereafter, the Depositor shall provide to the Trustee promptly upon written
        request therefor, any such additional information or data that the Trustee
        may,
        from time to time, request in order to enable the Trustee to perform its
        duties
        as set forth herein. The Depositor hereby indemnifies the Trustee for any
        losses, liabilities, damages, claims or expenses of the Trustee arising from
        any
        errors or miscalculations of the Trustee that result from any failure of
        the
        Depositor to provide, or to cause to be provided, accurate information or
        data
        to the Trustee on a timely basis.

       

      In
        the
        event that any tax is imposed on “prohibited transactions” of any of REMIC I,
        REMIC II, REMIC III, REMIC IV, REMIC V, REMIC VI, REMIC VII, REMIC VIII,
        REMIC
        IX or REMIC X as defined in Section 860F(a)(2) of the Code, on the “net income
        from foreclosure property” of the Trust Fund as defined in Section 860G(c) of
        the Code, on any contribution to any of REMIC I, REMIC II, REMIC III, REMIC
        IV,
        REMIC V, REMIC VI, REMIC VII, REMIC VIII, REMIC IX or REMIC X after the Startup
        Day pursuant to Section 860G(d) of the Code, or any other tax is imposed,
        including, without limitation, any federal, state or local tax or minimum
        tax
        imposed upon any of REMIC I, REMIC II, REMIC III, REMIC IV, REMIC V, REMIC
        VI,
        REMIC VII, REMIC VIII, REMIC IX or REMIC X and
        is,
        in each case, attributable to the activities of REMIC I or related to Loan
        Group
        I,
        and is
        not paid as otherwise provided for herein, such tax shall be paid (i) by
        the
        Master Servicer or Trustee, if any such tax arises out of or results from
        a
        breach by the Master Servicer or Trustee of any of its obligations under
        this
        Agreement, provided, however, in no event shall the Master Servicer have
        any
        liability (1) for any action or omission that is taken in accordance with
        and
        compliance with the express terms of, or which is expressly permitted by
        the
        terms of, this Agreement, (2) for any losses other than those arising out
        of a
        negligent performance by the Master Servicer of its duties and obligations
        set
        forth herein, or (3) for any special or consequential damages to
        Certificateholders (in addition to payment of principal and interest on the
        Certificates), (ii) by any party hereto (other than the Master Servicer or
        Trustee) to the extent any such tax arises out of or results from a breach
        by
        such other party of any of its obligations under this Agreement or (iii)
        in all
        other cases, or in the event that any liable party hereto fails to honor
        its
        obligations under the preceding clauses (i) or (ii), first with amounts
        otherwise to be distributed to the Class I-R Certificateholders, and second
        with
        amounts otherwise to be distributed to the Holders of the following other
        Group
        I Certificates in the following order of priority: first,
        to
        the
        Class I-M-10 Certificates, second, to the Class I-M-9 Certificates, third,
        to
        the Class I-M-8 Certificates, fourth, to the Class I-M-7 Certificates, fifth,
        to
        the Class I-M-6 Certificates, sixth, to the Class I-M-5 Certificates, seventh,
        to the Class I-M-4 Certificates, eighth, to the Class I-M-3 Certificates,
        ninth,
        to the Class I-M-2 Certificates, tenth, to the Class I-M-1 Certificates,
        and
        eleventh, to the Class I-A Certificates (pro
        rata
        based on
        the amounts to be distributed). Notwithstanding anything to the contrary
        contained herein, to the extent that such tax is payable by the Holder of
        any
        such Certificates, the Trustee is hereby authorized to retain on any
        Distribution Date, from the Holders of the Class I-R Certificates (and, if
        necessary, second, from the Holders of the other relevant Group I Certificates
        in the priority specified in the preceding sentence), funds otherwise
        distributable to such Holders in an amount sufficient to pay such
        tax.
        The
Trustee
        shall
        include in its Monthly Statement amounts allocated to the relevant Group
        I
        Certificates, taking into account the priorities described in the second
        preceding sentence. The
        Trustee shall promptly notify in writing the party liable for any such tax
        of
        the amount thereof and the due date for the payment thereof.

       

      In
        the
        event that any tax is imposed on “prohibited transactions” of any of REMIC I,
        REMIC II, REMIC III, REMIC IV, REMIC V, REMIC VI, REMIC VII, REMIC VIII,
        REMIC
        IX or REMIC X as defined in Section 860F(a)(2) of the Code, on the “net income
        from foreclosure property” of the Trust Fund as defined in Section 860G(c) of
        the Code, on any contribution to any of REMIC I, REMIC II, REMIC III, REMIC
        IV,
        REMIC V, REMIC VI, REMIC VII, REMIC VIII, REMIC IX or REMIC X after the Startup
        Day pursuant to Section 860G(d) of the Code, or any other tax is imposed,
        including, without limitation, any federal, state or local tax or minimum
        tax
        imposed upon any of REMIC I, REMIC II, REMIC III, REMIC IV, REMIC V, REMIC
        VI,
        REMIC VII, REMIC VIII, REMIC IX or REMIC X and
        is,
        in each case, attributable to the activities of REMIC II or related to Loan
        Group II,
        and is
        not paid as otherwise provided for herein, such tax shall be paid (i) by
        the
        Master Servicer or Trustee, if any such tax arises out of or results from
        a
        breach by the Master Servicer or Trustee of any of its obligations under
        this
        Agreement, provided, however, in no event shall the Master Servicer have
        any
        liability (1) for any action or omission that is taken in accordance with
        and
        compliance with the express terms of, or which is expressly permitted by
        the
        terms of, this Agreement, (2) for any losses other than those arising out
        of a
        negligent performance by the Master Servicer of its duties and obligations
        set
        forth herein, or (3) for any special or consequential damages to
        Certificateholders (in addition to payment of principal and interest on the
        Certificates), (ii) by any party hereto (other than the Master Servicer or
        Trustee) to the extent any such tax arises out of or results from a breach
        by
        such other party of any of its obligations under this Agreement or (iii)
        in all
        other cases, or in the event that any liable party hereto fails to honor
        its
        obligations under the preceding clauses (i) or (ii), first with amounts
        otherwise to be distributed to the Class II-R Certificateholders and Holders
        of
        the Class I-R-2 Certificates and I-R-3 Certificates, and second with amounts
        otherwise to be distributed to the Holders of the following other Group II
        Certificates in the following order of priority: first,
        to
        the
        Class II-M-10 Certificates, second, to the Class II-M-9 Certificates, third,
        to
        the Class II-M-8 Certificates, fourth, to the Class II-M-7 Certificates,
        fifth,
        to the Class II-M-6 Certificates, sixth, to the Class II-M-5 Certificates,
        seventh, to the Class II-M-4 Certificates, eighth to the Class II-M-3
        Certificates, ninth, to the Class II-M-2 Certificates, tenth, to the Class
        II-M-1 Certificates, and eleventh, to the Class II-A Certificates (pro
        rata
        based on
        the amounts to be distributed). Notwithstanding anything to the contrary
        contained herein, to the extent that such tax is payable by the Holder of
        any
        such Certificates, the Trustee is hereby authorized to retain on any
        Distribution Date, from the Holders of the Class II-R, Class I-R-2 and Class
        I-R-3 Certificates (and, if necessary, second, from the Holders of the other
        relevant Group II Certificates in the priority specified in the preceding
        sentence), funds otherwise distributable to such Holders in an amount sufficient
        to pay such tax. The
        Trustee
        shall
        include in its Monthly Statement amounts allocated to the relevant Group
        II
        Certificates and Class I-R-2 Certificates and Class I-R-3 Certificates, taking
        into account the priorities described in the second preceding sentence.
The
        Trustee shall promptly notify in writing the party liable for any such tax
        of
        the amount thereof and the due date for the payment thereof.

       

      The
        Trustee and the Master Servicer agree that, in the event it should obtain
        any
        information necessary for the other party to perform its obligations pursuant
        to
        this Section 9.12, it will promptly notify and provide such information to
        such
        other party.

       

      Notwithstanding
        any other provision of this Agreement, the Trustee shall comply with all
        federal
        withholding requirements respecting payments to Certificateholders of interest
        or original issue discount that the Trustee reasonably believes are applicable
        under the Code. The consent of Certificateholders shall not be required for
        such
        withholding. In the event the Trustee does withhold any amount from interest
        or
        original issue discount payments or advances thereof to any Certificateholder
        pursuant to federal withholding requirements, the Trustee shall indicate
        the
        amount withheld to such Certificateholders.

       

      For
        as
        long as each REMIC shall exist, the Trustee and the Master Servicer shall
        act in
        accordance herewith to assure continuing treatment of such REMIC as a REMIC,
        and
        the Trustee shall comply with any directions of the Seller or the Master
        Servicer to assure such continuing treatment. In furtherance, but not in
        limitation, of the foregoing, the Trustee and Master Servicer shall not (unless
        expressly permitted under the terms of this Agreement) (a) sell or permit
        the
        sale of all or any portion of the Mortgage Loans or of any investment of
        deposits in an Account unless such sale is as a result of a repurchase of
        the
        Mortgage Loans pursuant to this Agreement or the Trustee has received a REMIC
        Opinion addressed to the Trustee prepared at the expense of the Trust Fund;
        (b)
        other than with respect to a substitution pursuant to the Mortgage Loan Purchase
        Agreement or Section 2.03 of this Agreement, as applicable, accept any
        contribution to any REMIC after the Startup Day without receipt of a REMIC
        Opinion; or (c) acquire any assets for any REMIC other than any REO Property
        after the Startup Day without receipt of a REMIC Opinion.

       

      
        For
          the
          avoidance of doubt, notwithstanding anything stated to the contrary herein,
          neither the related Supplemental Interest Trust Trustee nor the Swap
          Administrator nor the Trustee shall have any responsibility for the entity-level
          tax filing or tax preparation of the related Supplemental Interest
          Trust.     

      

       

      ARTICLE
        X

      TERMINATION

       

      Section
        10.01  Termination
        upon Liquidation or Repurchase of all Mortgage Loans. 

       

      (a)  Subject
        to Section 10.03, the obligations and responsibilities of the Depositor,
        the
        Master Servicer, the Seller and the Trustee created hereby with respect to
        the
        Group I Sub-Trust shall terminate, with respect to Loan Group I, upon the
        earlier of (a) the exercise of the Majority Class I-CE Certificateholder
        (or its
        designee) or the Master Servicer, as applicable, of its right to repurchase
        all
        of the Group I Mortgage Loans (and related REO Properties) remaining in the
        Trust Fund at a price (the “Group I Mortgage Loan Purchase Price”) equal to the
        sum of (i) 100% of the Stated Principal Balance of each related Mortgage
        Loan
        (other than in respect of related REO Property), (ii) accrued interest thereon
        at the applicable Mortgage Rate to, but not including, the first day of the
        month of such purchase, (iii) the appraised value of any REO Property in
        the
        Group I Sub-Trust (up to the Stated Principal Balance of the related Mortgage
        Loan), such appraisal to be conducted by an appraiser mutually agreed upon
        by
        the Master Servicer and the Trustee, (iv) unreimbursed out-of pocket costs
        of
        the Master Servicer, including unreimbursed Servicing Advances and the principal
        portion of any unreimbursed Advances, made on the Group I Mortgage Loans
        prior
        to the exercise of such repurchase right, (v) any unreimbursed costs and
        expenses of the Trustee payable pursuant to Section 9.05 or of the Custodian
        pursuant to the Custodial Agreement with respect to Loan Group I, (vi) any
        Group
        I Swap Termination Payment (which
        shall include any Group I Net Swap Payment payable to the Group I Sub-Trust
        for
        the final Distribution Date)
        payable
        to the Group I Swap Provider which remains unpaid or which is due to the
        exercise of such option (the “Group I Swap Optional Termination Payment”) and
        (b) the later of (i) the maturity or other liquidation (or any Advance with
        respect thereto) of the last Mortgage Loan remaining in the Group I Sub-Trust
        and the disposition of all related REO Property and (ii) the distribution
        to
        Group I Certificateholders of all amounts required to be distributed to them
        pursuant to this Agreement, as applicable. In no event shall the Group I
        Sub-Trust created hereby continue beyond the earlier of (i) the expiration
        of 21
        years from the death of the last survivor of the descendants of Joseph P.
        Kennedy, the late Ambassador of the United States to the Court of St. James,
        living on the date hereof and (ii) the related Latest Possible Maturity
        Date.

       

      (b)  The
        Majority Class I-CE Certificateholder shall have the right to repurchase
        all
        Group I Mortgage Loans and related REO Properties at any time at which the
        aggregate Stated Principal Balance of all of the Group I Mortgage Loans in
        the
        Group I Sub-Trust is not more than 10% of the aggregate Cut-off Date Principal
        Balance of all of the Group I Mortgage Loans. If the Majority Class I-CE
        Certificateholder does not exercise this option, the Master Servicer has
        the
        right to repurchase all Group I Mortgage Loans and related REO Properties
        pursuant to clause (a) in Section 10.01(a), conditioned upon the Stated
        Principal Balance of all of the Group I Mortgage Loans in the Group I Sub-Trust,
        at the time of any such repurchase, aggregating 5% or less of the aggregate
        Cut-off Date Principal Balance of all of the Group I Mortgage Loans. If the
        Majority Class I-CE Certificateholder or the Master Servicer elects to terminate
        the Group I Sub-Trust pursuant to this Section 10.01 (such termination, a
“Group
        I Optional Termination”), the Majority Class I-CE Certificateholder or the
        Master Servicer, as applicable, shall, at least 20 days prior to the last
        date
        on which notice of such Group I Optional Termination is required to be mailed
        to
        the Group I Certificateholders pursuant to 10.02(ii), notify in writing (which
        may be done in electronic format) the Depositor, the Master Servicer, the
        Trustee and the Group I Swap Provider of the final Distribution Date on which
        the Majority Class I-CE Certificateholder or the Master Servicer, as applicable,
        intends to terminate the Group I Sub-Trust. 

       

      (c)  In
        connection with any Group I Optional Termination, four Business Days prior
        to
        the final Distribution Date specified in the notice required pursuant to
        Section
        10.01(b), the Trustee shall, no later than 4:00 pm New York City time on
        such
        day, request in writing (which may be done by facsimile) and by phone from
        the
        Group I Swap Provider the amount of the Group I Estimated Swap Termination
        Payment. The Group I Swap Provider shall, no later than 2:00 pm on the following
        Business Day, notify in writing (which may be done in electronic format)
        the
        Trustee of the amount of the Group I Estimated Swap Termination Payment;
        the
        Trustee shall promptly on the same day notify the Majority Class I-CE
        Certificateholder or the Master Servicer, as applicable, of the amount of
        the
        Group I Estimated Swap Termination Payment. 

       

      (d)  Two
        Business Days prior to the final Distribution Date specified in the notice
        required pursuant to Section 10.01(b), (i) the Majority Class
        I-CE Certificateholder
        or the
        Master Servicer, as applicable, shall, no
        later
        than 1:00 pm New
        York
        City time on such day, deposit funds in the Distribution Account in an amount
        equal to the sum of the Group I Mortgage Loan Purchase Price (other than
        the
        Group I Swap Optional Termination Payment) and the Group I Estimated Swap
        Termination Payment, and (ii) if the Trustee shall have determined that the
        aggregate Stated Principal Balance of all of the Group I Mortgage Loans in
        the
        Group I Sub-Trust as of the related Determination Date is not
        more
        than 10% of the aggregate Cut-off Date Principal Balance of all of the Group
        I
        Mortgage Loans
        or 5% of
        the aggregate Cut-off Date Principal Balance of all of the Group I Mortgage
        Loans, as applicable, and that all other requirements of the Group I Optional
        Termination have been met, including without limitation, the deposit required
        pursuant to the immediately preceding clause (c) as well as the requirements
        specified in Section 10.03, then the Trustee shall, on the same Business
        Day,
        provide written notice to the Majority Class I-CE Certificateholder, the
        Depositor, the Master Servicer, the Group I Supplemental Interest Trust Trustee,
        the Trustee, the Custodian and the Group I Swap Provider (in accordance with
        the
        applicable provision of the Group I Swap Agreement) confirming (a) its receipt
        of the Group I Mortgage Loan Purchase Price (other than the Group I Swap
        Optional Termination Payment) and the Group I Estimated Swap Termination
        Payment
        and (b) that all other requirements of the Group I Optional Termination have
        been met. Upon the Trustee’s providing the notice described in the preceding
        sentence, the Group I Optional Termination shall become irrevocable, the
        notice
        to Group I Certificateholders of such Group I Optional Termination provided
        pursuant to the second paragraph of Section 10.02 shall become unrescindable,
        the Group I Swap Provider shall determine the Group I Swap Optional Termination
        Payment in accordance with the Group I Swap Agreement, and the Group I Swap
        Provider shall provide to the Trustee written notice of the amount of the
        Group
        I Swap Optional Termination Payment not later than one Business Day prior
        to the
        final Distribution Date specified in the notice required pursuant to Section
        10.02(ii). 

       

      (e)  In
        connection with any Group I Optional Termination, only an amount equal to
        the
        Group I Mortgage Loan Purchase Price less any Group I Swap Optional Termination
        Payment shall be made available for distribution to the Group I Regular
        Certificates. Any Group I Estimated Swap Termination Payment deposited into
        the
        Distribution Account by the Majority Class I-CE Certificateholder or the
        Master
        Servicer, as applicable, shall be withdrawn by the Trustee from the Distribution
        Account on the related final Distribution Date and distributed as follows:
        (i)
        to the Group I Supplemental Interest Trust for payment to the Group I Swap
        Provider in accordance with Section 3.21(c), an amount equal to the Group
        I Swap
        Optional Termination Amount calculated pursuant to the Group I Swap Agreement,
        provided that in no event shall the amount distributed to the Group I Swap
        Provider in respect of the Group I Swap Optional Termination Amount exceed
        the
        Group I Estimated Swap Termination Payment, and (ii) to the Majority Class
        I-CE
        Certificateholder or the Master Servicer, as applicable, an amount equal
        to the
        excess, if any, of the Group I Estimated Swap Termination Payment over the
        Group
        I Swap Optional Termination Payment. The Group I Swap Optional Termination
        Payment shall not be part of any REMIC and shall not be paid into any account
        which is part of any REMIC. 

       

      (f)  Subject
        to Section 10.03, the obligations and responsibilities of the Depositor,
        the
        Master Servicer, the Seller and the Trustee created hereby with respect to
        the
        Group II Sub-Trust shall terminate, with respect to Loan Group II, upon the
        earlier of (a) the exercise of the Majority Class II-CE Certificateholder
        (or
        its designee) or the Master Servicer, as applicable, of its right to repurchase
        all of the Group II Mortgage Loans (and related REO Properties) remaining
        in the
        Trust Fund at a price (the “Group II Mortgage Loan Purchase Price”) equal to the
        sum of (i) 100% of the Stated Principal Balance of each related Mortgage
        Loan
        (other than in respect of related REO Property), (ii) accrued interest thereon
        at the applicable Mortgage Rate to, but not including, the first day of the
        month of such purchase, (iii) the appraised value of any REO Property in
        the
        Group II Sub-Trust (up to the Stated Principal Balance of the related Mortgage
        Loan), such appraisal to be conducted by an appraiser mutually agreed upon
        by
        the Master Servicer and the Trustee, (iv) unreimbursed out-of pocket costs
        of
        the Master Servicer, including unreimbursed Servicing Advances and the principal
        portion of any unreimbursed Advances, made on the Group II Mortgage Loans
        prior
        to the exercise of such repurchase right, (v) any unreimbursed costs and
        expenses of the Trustee payable pursuant to Section 9.05 or of the Custodian
        pursuant to the Custodial Agreement with respect to Loan Group II, (vi) any
        Group II Swap Termination Payment (which shall include any Group II Net Swap
        Payment payable to the Group II Sub-Trust for the final Distribution Date)
        payable to the Group II Swap Provider which remains unpaid or which is due
        to
        the exercise of such option (the “Group II Swap Optional Termination Payment”)
        and (b) the later of (i) the maturity or other liquidation (or any Advance
        with
        respect thereto) of the last Mortgage Loan remaining in the Group II Sub-Trust
        and the disposition of all related REO Property and (ii) the distribution
        to
        Group II Certificateholders of all amounts required to be distributed to
        them
        pursuant to this Agreement, as applicable. In no event shall the Group II
        Sub-Trust created hereby continue beyond the earlier of (i) the expiration
        of 21
        years from the death of the last survivor of the descendants of Joseph P.
        Kennedy, the late Ambassador of the United States to the Court of St. James,
        living on the date hereof and (ii) the related Latest Possible Maturity
        Date.

       

      (g)  The
        Majority Class II-CE Certificateholder shall have the right to repurchase
        all
        Group II Mortgage Loans and related REO Properties at any time at which the
        aggregate Stated Principal Balance of all of the Group II Mortgage Loans
        in the
        Group II Sub-Trust is not more than 10% of the aggregate Cut-off Date Principal
        Balance of all of the Group II Mortgage Loans. If the Majority Class II-CE
        Certificateholder does not exercise this option, the Master Servicer has
        the
        right to repurchase all Group II Mortgage Loans and related REO Properties
        pursuant to clause (a) in Section 10.01(f), conditioned upon the Stated
        Principal Balance of all of the Group II Mortgage Loans in the Group II
        Sub-Trust, at the time of any such repurchase, aggregating 5% or less of
        the
        aggregate Cut-off Date Principal Balance of all of the Group II Mortgage
        Loans.
        If the Majority Class II-CE Certificateholder or the Master Servicer elects
        to
        terminate the Group II Sub-Trust pursuant to this Section 10.01 (such
        termination, a “Group II Optional Termination”), the Majority Class II-CE
        Certificateholder or the Master Servicer, as applicable, shall, at least
        20 days
        prior to the last date on which notice of such Group II Optional Termination
        is
        required to be mailed to the Group II Certificateholders pursuant to 10.02(vi),
        notify in writing (which may be done in electronic format) the Depositor,
        the
        Master Servicer, the Trustee and the Group II Swap Provider of the final
        Distribution Date on which the Majority Class II-CE Certificateholder or
        the
        Master Servicer, as applicable, intends to terminate the Group II Sub-Trust.
        

       

      (h)  In
        connection with any Group II Optional Termination, four Business Days prior
        to
        the final Distribution Date specified in the notice required pursuant to
        Section
        10.01(g), the Trustee shall, no later than 4:00 pm New York City time on
        such
        day, request in writing (which may be done by facsimile) and by phone from
        the
        Group II Swap Provider the amount of the Group II Estimated Swap Termination
        Payment. The Group II Swap Provider shall, no later than 2:00 pm on the
        following Business Day, notify in writing (which may be done in electronic
        format) the Trustee of the amount of the Group II Estimated Swap Termination
        Payment; the Trustee shall promptly on the same day notify the Majority Class
        II-CE Certificateholder or the Master Servicer, as applicable, of the amount
        of
        the Group II Estimated Swap Termination Payment. 

       

      (i)  Two
        Business Days prior to the final Distribution Date specified in the notice
        required pursuant to Section 10.01(g) the Majority Class
        II-CE Certificateholder
        or the
        Master Servicer, as applicable, shall, no
        later
        than 1:00 pm New
        York
        City time on such day, deposit funds in the Distribution Account in an amount
        equal to the sum of the Group II Mortgage Loan Purchase Price (other than
        the
        Group II Swap Optional Termination Payment) and the Group II Estimated Swap
        Termination Payment, and (ii) if the Trustee shall have determined that the
        aggregate Stated Principal Balance of all of the Group I Mortgage Loans in
        the
        Group II Sub-Trust as of the related Determination Date is not
        more
        than 10% of the aggregate Cut-off Date Principal Balance of all of the Group
        II
        Mortgage Loans
        or 5% of
        the aggregate Cut-off Date Principal Balance of all of the Group II Mortgage
        Loans, as applicable, and that all other requirements of the Group II Optional
        Termination have been met, including without limitation the deposit required
        pursuant to the immediately preceding clause (h) as well as the requirements
        specified in Section 10.03, then the Trustee shall, on the same Business
        Day,
        provide written notice to the Majority Class II-CE Certificateholder, the
        Depositor, the Master Servicer, the Group II Supplemental Interest Trust
        Trustee, the Trustee, the Custodian and the Group II Swap Provider (in
        accordance with the applicable provision of the Group II Swap Agreement)
        confirming (a) its receipt of the Group II Mortgage Loan Purchase Price (other
        than the Group II Swap Optional Termination Payment) and the Group II Estimated
        Swap Termination Payment and (b) that all other requirements of the Group
        II
        Optional Termination have been met. Upon the Trustee’s providing the notice
        described in the preceding sentence, the Group II Optional Termination shall
        become irrevocable, the notice to Group II Certificateholders of such Group
        II
        Optional Termination provided pursuant to the second paragraph of Section
        10.02
        shall become unrescindable, the Group II Swap Provider shall determine the
        Group
        II Swap Optional Termination Payment in accordance with the Group II Swap
        Agreement, and the Group II Swap Provider shall provide to the Trustee written
        notice of the amount of the Group II Swap Optional Termination Payment not
        later
        than one Business Day prior to the final Distribution Date specified in the
        notice required pursuant to Section 10.02(vi). 

       

      (j)  In
        connection with any Group II Optional Termination, only an amount equal to
        the
        Group II Mortgage Loan Purchase Price less any Group II Swap Optional
        Termination Payment shall be made available for distribution to the Group
        II
        Regular Certificates. Any Group II Estimated Swap Termination Payment deposited
        into the Distribution Account by the Majority Class II-C Certificateholder
        or
        the Master Servicer, as applicable, shall be withdrawn by the Trustee from
        the
        Distribution Account on the related final Distribution Date and distributed
        as
        follows: (i) to the Group II Supplemental Interest Trust for payment to the
        Group II Swap Provider in accordance with Section 3.21(c), an amount equal
        to
        the Group II Swap Optional Termination Amount calculated pursuant to the
        Group
        II Swap Agreement, provided that in no event shall the amount distributed
        to the
        Group II Swap Provider in respect of the Group II Swap Optional Termination
        Amount exceed the Group II Estimated Swap Termination Payment, and (ii) to
        the
        Majority Class II-C Certificateholder or the Master Servicer, as applicable,
        an
        amount equal to the excess, if any, of the Group II Estimated Swap Termination
        Payment over the Group II Swap Optional Termination Payment. The Group II
        Swap
        Optional Termination Payment shall not be part of any REMIC and shall not
        be
        paid into any account which is part of any REMIC. 

       

      (k)  Upon
        receipt by the Custodian of notice from the Trustee pursuant to Sections
        10.01(d) and 10.01(i) and the receipt by the Custodian of a Release for Request
        therefor, the Custodian shall promptly release to the Master Servicer, as
        applicable the Mortgage Files for the Mortgage Loans and the Trustee shall
        execute and deliver any documents prepared and delivered to it which are
        necessary to transfer any REO Property.

       

      (l)  Notwithstanding
        the foregoing, the provisions of Section 7.03 hereof shall survive the
        termination of this Agreement. 

       

      Notwithstanding
        anything to the contrary herein, the Class I-R-2 Certificates and
        Class
        I-R-3 Certificates
        will not
        be retired until the later of (i) the retirement of all the Group II
        Certificates and (ii) the retirement of all the Group I Certificates (other
        than
        the Class I-R-2 Certificates and Class I-R-3 Certificates).

       

      Section
        10.02  Final
        Distribution on the Certificates. 

       

      (i) If
        on any
        Determination Date, (i) the Master Servicer determines that there are no
        Outstanding related Mortgage Loans and no other funds or assets in the related
        Sub-Trust other than the related funds in the Protected Account, the Master
        Servicer shall direct the Trustee to send a final distribution notice promptly
        to each related Certificateholder or (ii) the Trustee determines that a Class
        of
        Certificates shall be retired after a final distribution on such Class, the
        Trustee shall notify the related Certificateholders within five (5) Business
        Days after such Determination Date that the final distribution in retirement
        of
        such Class of Certificates is scheduled to be made on the immediately following
        Distribution Date. Any final distribution made pursuant to the immediately
        preceding sentence will be made only upon presentation and surrender of the
        related Certificates at the Corporate Trust Office of the Trustee. If the
        related Majority Class CE Certificateholder or the Master Servicer, as
        applicable, elects to terminate the related Sub-Trust pursuant to Section
        10.01,
        at least 20 days prior to the date notice is to be mailed to the related
        Certificateholders, the related Majority Class CE Certificateholder or the
        Master Servicer, as applicable, shall notify the Depositor, each Swap Provider
        and the Trustee of the date the related Majority Class CE Certificateholder
        or
        the Master Servicer, as applicable, intends to terminate the related Sub-Trust.
        The related Majority Class CE Certificateholder or the Master Servicer, as
        applicable, shall remit the Mortgage Loan Purchase Price to the Trustee two
        Business Days prior to the Distribution Date for such related Optional
        Termination by the related Majority Class CE Certificateholder or the Master
        Servicer, as applicable.

       

      (ii) Notice
        of
        any termination of the related Sub-Trust, specifying the Distribution Date
        on
        which related Certificateholders may surrender their Certificates for payment
        of
        the final distribution and cancellation, shall be given promptly by the Trustee
        by letter to related Certificateholders mailed not later than two Business
        Days
        after the Determination Date in the month of such final distribution. Any
        such
        notice shall specify (a) the Distribution Date upon which final distribution
        on
        the related Certificates will be made upon presentation and surrender of
        related
        Certificates at the office therein designated, (b) the amount of such final
        distribution, (c) the location of the office or agency at which such
        presentation and surrender must be made and (d) that the Record Date otherwise
        applicable to such Distribution Date is not applicable, distributions being
        made
        only upon presentation and surrender of the Certificates at the office therein
        specified. The Trustee will give such notice to each Rating Agency at the
        time
        such notice is given to related Certificateholders.

       

      (iii) In
        the
        event such notice is given, the Master Servicer shall cause all related funds
        in
        the Protected Account to be remitted to the Trustee for deposit in the
        Distribution Account on two Business Days prior to the applicable Distribution
        Date in an amount equal to the final distribution in respect of the related
        Certificates. Upon such final deposit with respect to the Trust Fund and
        the
        receipt by the Trustee of a Request for Release therefor, the Trustee or
        the
        Custodian shall promptly release to the Seller as applicable the Mortgage
        Files
        for the related Mortgage Loans and the Trustee shall execute and deliver
        any
        documents prepared and delivered to it which are necessary to transfer any
        related REO Property.

       

      (iv) Upon
        presentation and surrender of the related Certificates, the Trustee shall
        cause
        to be distributed to related Certificateholders of each Class the amounts
        allocable to such Certificates held in the Distribution Account in the order
        and
        priority set forth in Section 5.04 hereof on the final Distribution Date
        and in
        proportion to their respective Percentage Interests.

       

      (v) In
        the
        event that any affected Certificateholders shall not surrender Certificates
        for
        cancellation within six months after the date specified in the above mentioned
        written notice, the Trustee shall give a second written notice to the remaining
        Certificateholders to surrender their Certificates for cancellation and receive
        the final distribution with respect thereto. If within six months after the
        second notice all the applicable Certificates shall not have been surrendered
        for cancellation, the Trustee may take appropriate steps, or may appoint
        an
        agent to take appropriate steps, to contact the remaining Certificateholders
        concerning surrender of their Certificates, and the cost thereof shall be
        paid
        out of the funds and other assets that remain a part of the Trust Fund. If
        within one year after the second notice all Certificates shall not have been
        surrendered for cancellation, the related Class R Certificateholders shall
        be
        entitled to all related unclaimed funds and other assets of the Trust Fund
        that
        remain subject hereto.

       

      Section
        10.03  Additional
        Termination Requirements. 

       

      (a)  Upon
        exercise by the related Majority Class CE Certificateholder or the Master
        Servicer, as applicable, of its purchase option as provided in Section 10.01,
        the related Sub-Trust shall be terminated in accordance with the following
        additional requirements, unless the Trustee has been supplied with an Opinion
        of
        Counsel addressed to the Trustee, at the expense of the related Majority
        Class
        CE Certificateholder or the Master Servicer, as applicable, to the effect
        that
        the failure of the related Sub-Trust to comply with the requirements of this
        Section 10.03 will not (i) result in the imposition of taxes on “prohibited
        transactions” of a REMIC, or (ii) cause a REMIC to fail to qualify as a REMIC at
        any time that any Certificates are outstanding:

       

      (1)  The
        related Majority Class CE Certificateholder or the Master Servicer, as
        applicable, shall establish a 90-day liquidation period and notify the Trustee
        thereof, and the Trustee shall in turn specify the first day of such period
        in a
        statement attached to the tax return for each of REMIC I, REMIC II, REMIC
        III,
        REMIC IV, REMIC V, REMIC VI, REMIC VII, REMIC VIII, REMIC IX or REMIC X,
        as
        applicable, pursuant to Treasury Regulation Section 1.860F-1. The related
        Majority Class CE Certificateholder or the Master Servicer, as applicable,
        shall
        satisfy all the requirements of a qualified liquidation under Section 860F
        of
        the Code and any regulations thereunder, as evidenced by an Opinion of Counsel
        obtained at the expense of the related Majority Class CE Certificateholder
        or
        the Master Servicer, as applicable;

       

      (2)  During
        such 90-day liquidation period, and at or prior to the time of making the
        final
        payment on the Certificates, the Trustee shall sell all of the assets of
        REMIC I
        or REMIC II, as applicable, for cash; and

       

      (3)  At
        the
        time of the making of the final payment on the Certificates, the Trustee
        shall
        distribute or credit, or cause to be distributed or credited, to the Holders
        of
        the related Residual Certificates all cash on hand (other than cash retained
        to
        meet claims), and REMIC I, REMIC II, REMIC III, REMIC IV, REMIC V, REMIC
        VI,
        REMIC VII, REMIC VIII, REMIC IX or REMIC X, as applicable, shall terminate
        at
        that time.

       

      (b)  By
        their
        acceptance of the Certificates, the Holders thereof hereby authorize the
        adoption of a 90-day liquidation period and the adoption of a plan of complete
        liquidation for the related REMICs, which authorization shall be binding
        upon
        all successor Certificateholders.

       

      (c)  The
        Trustee as agent for each REMIC hereby agrees to adopt and sign such a plan
        of
        complete liquidation meeting the requirements for a qualified liquidation
        under
        Section 860F of the Code and any regulations thereunder upon the written
        request
        of the related Majority Class CE Certificateholder or the Master Servicer,
        as
        applicable, and the receipt of the Opinion of Counsel referred to in Section
        10.03(a)(1) and to take such other action in connection therewith as may
        be
        reasonably requested by the related Majority Class CE Certificateholder or
        the
        Master Servicer, as applicable.

       

       

       

      ARTICLE
        XI

      MISCELLANEOUS
        PROVISIONS

       

      Section
        11.01  Amendment. 

       

      This
        Agreement may be amended from time to time by parties hereto without the
        consent
        of any of the Certificateholders to cure any ambiguity, to correct or supplement
        any provisions herein (including to give effect to the expectations of
        investors), to comply with any changes in the Code, to revise any provisions
        to
        reflect the obligations of the parties to this Agreement as they relate to
        Regulation AB, to change the manner in which the Protected Account is maintained
        or to make such other provisions with respect to matters or questions arising
        under this Agreement as shall not be inconsistent with any other provisions
        herein if such action shall not, as evidenced by an Opinion of Counsel addressed
        to the Trustee, adversely affect in any material respect the interests of
        any
        Certificateholder; provided that any such amendment shall be deemed not to
        adversely affect in any material respect the interests of the Certificateholders
        and no such Opinion of Counsel shall be required if the Person requesting
        such
        amendment obtains a letter from each Rating Agency stating that such amendment
        would not result in the downgrading or withdrawal of the respective ratings
        then
        assigned to the Certificates.

       

      Notwithstanding
        the foregoing, without the consent of the Certificateholders, the parties
        hereto
        may at any time and from time to time amend this Agreement to modify, eliminate
        or add to any of its provisions to such extent as shall be necessary or
        appropriate to maintain the qualification of any of REMIC I, REMIC II, REMIC
        III, REMIC IV, REMIC V, REMIC VI, REMIC VII, REMIC VIII, REMIC IX or REMIC
        X as
        a REMIC under the Code or to avoid or minimize the risk of the imposition
        of any
        tax on any of REMIC I, REMIC II, REMIC III, REMIC IV, REMIC V, REMIC VI,
        REMIC
        VII, REMIC VIII, REMIC IX or REMIC X pursuant to the Code that would be a
        claim
        against any of REMIC I, REMIC II, REMIC III, REMIC IV, REMIC V, REMIC VI,
        REMIC
        VII, REMIC VIII, REMIC IX or REMIC X at any time prior to the final redemption
        of the Certificates, provided that the Trustee has been provided an Opinion
        of
        Counsel addressed to the Trustee, which opinion shall be an expense of the
        party
        requesting such opinion but in any case shall not be an expense of the Trustee
        or the Trust Fund, to the effect that such action is necessary or appropriate
        to
        maintain such qualification or to avoid or minimize the risk of the imposition
        of such a tax.

       

      This
        Agreement may also be amended from time to time by the parties hereto with
        the
        consent of Holders of the Certificates evidencing over 50% of the Voting
        Rights,
        with the consent of Holders of the Certificates evidencing over 50% of the
        Voting Rights in the related Loan Group, or with the consent of Holders of
        each
        Class of Certificates affected thereby, evidencing over 50% of the Voting
        Rights
        of that Class, as applicable, for the purpose of adding any provisions to
        or
        changing in any manner or eliminating any of the provisions of this Agreement
        or
        of modifying in any manner the rights of the Holders of Certificates; provided
        that no such amendment shall (i) reduce in any manner the amount of, or delay
        the timing of, payments required to be distributed on any Certificate without
        the consent of the Holder of such Certificate, (ii) cause any of REMIC I,
        REMIC
        II, REMIC III, REMIC IV, REMIC V, REMIC VI, REMIC VII, REMIC VIII, REMIC
        IX or
        REMIC X to cease to qualify as a REMIC or (iii) reduce the aforesaid percentages
        of Certificates of each Class the Holders of which are required to consent
        to
        any such amendment without the consent of the Holders of all Certificates
        of
        such Class then outstanding.

       

      Notwithstanding
        any contrary provision of this Agreement, the Trustee shall not consent to
        any
        amendment to this Agreement unless it shall have first received an Opinion
        of
        Counsel addressed to the Trustee, which opinion shall be an expense of the
        party
        requesting such amendment but in any case shall not be an expense of the
        Trustee, to the effect that such amendment will not (other than an amendment
        pursuant to clause (ii) of, and in accordance with, the preceding paragraph)
        cause the imposition of any tax on any of REMIC I, REMIC II, REMIC III, REMIC
        IV, REMIC V, REMIC VI, REMIC VII, REMIC VIII, REMIC IX or REMIC X or the
        Certificateholders or cause any of REMIC I, REMIC II, REMIC III, REMIC IV,
        REMIC
        V, REMIC VI, REMIC VII, REMIC VIII, REMIC IX or REMIC X to cease to qualify
        as a
        REMIC at any time that any Certificates are outstanding. Further, nothing
        in
        this Agreement shall require the Trustee to enter into an amendment without
        receiving an Opinion of Counsel, satisfactory to the Trustee that (i) such
        amendment is permitted and is not prohibited by this Agreement and that all
        requirements for amending this Agreement (including any consent of the
        applicable Certificateholders) have been complied with.

       

      Notwithstanding
        any of the other provisions of this Section 11.01, none of the Depositor,
        the
        Master Servicer or the Trustee shall enter into any amendment that could
        reasonably be expected to have a material adverse effect on the interests
        of the
        related Swap Provider (excluding, for the avoidance of doubt, any amendment
        to
        the Pooling and Servicing Agreement that is entered into solely for the purpose
        of appointing a successor servicer, master servicer, trustee or other service
        provider) without the prior written consent of the related Swap Provider,
        which
        consent shall not be unreasonably withheld, conditioned or delayed.

       

      Promptly
        after the execution of any amendment to this Agreement requiring the consent
        of
        Certificateholders, the Trustee shall furnish written notification of the
        substance of such amendment to each Certificateholder, each Swap Provider
        and
        each Rating Agency.

       

      It
        shall
        not be necessary for the consent of Certificateholders under this Section
        to
        approve the particular form of any proposed amendment, but it shall be
        sufficient if such consent shall approve the substance thereof. The manner
        of
        obtaining such consents and of evidencing the authorization of the execution
        thereof by Certificateholders shall be subject to such reasonable regulations
        as
        the Trustee may prescribe.

       

      Section
        11.02  Recordation
        of Agreement; Counterparts. 

       

      To
        the
        extent permitted by applicable law, this Agreement is subject to recordation
        in
        all appropriate public offices for real property records in all of the counties
        or other comparable jurisdictions in which any or all of the Mortgaged
        Properties are situated, and in any other appropriate public recording office
        or
        elsewhere. The Master Servicer shall effect such recordation at the Trust’s
        expense upon the request in writing of a Certificateholder, but only if such
        direction is accompanied by an Opinion of Counsel (provided at the expense
        of
        the Certificateholder requesting recordation) to the effect that such
        recordation would materially and beneficially affect the interests of the
        Certificateholders or is required by law.

       

      For
        the
        purpose of facilitating the recordation of this Agreement as herein provided
        and
        for other purposes, this Agreement may be executed simultaneously in any
        number
        of counterparts, each of which counterparts shall be deemed to be an original,
        and such counterparts shall constitute but one and the same
        instrument.

       

      Section
        11.03  Governing
        Law. 

       

      THIS
        AGREEMENT SHALL BE CONSTRUED IN ACCORDANCE WITH AND GOVERNED BY THE SUBSTANTIVE
        LAWS OF THE STATE OF NEW YORK APPLICABLE TO AGREEMENTS MADE AND TO BE PERFORMED
        IN THE STATE OF NEW YORK AND THE OBLIGATIONS, RIGHTS AND REMEDIES OF THE
        PARTIES
        HERETO AND THE CERTIFICATEHOLDERS SHALL BE DETERMINED IN ACCORDANCE WITH
        SUCH
        LAWS WITHOUT REGARD TO THE CONFLICTS OF LAWS PRINCIPLES THEREOF (OTHER THAN
        SECTION 5-1401 OF THE GENERAL OBLIGATIONS LAWS).

       

      Section
        11.04  Intention
        of Parties. 

       

      It
        is the
        express intent of the parties hereto that the conveyance of the Mortgage
        Notes,
        Mortgages, assignments of Mortgages, title insurance policies and any
        modifications, extensions and/or assumption agreements and private mortgage
        insurance policies relating to the Mortgage Loans by the Sellers to the
        Depositor, and by the Depositor to the Trustee be, and be construed as, an
        absolute sale thereof to the Depositor or the Trustee, as applicable. It
        is,
        further, not the intention of the parties that such conveyance be deemed
        a
        pledge thereof by the Seller to the Depositor, or by the Depositor to the
        Trustee. However, in the event that, notwithstanding the intent of the parties,
        such assets are held to be the property of the Sellers or the Depositor,
        as
        applicable, or if for any other reason the Mortgage Loan Purchase Agreement
        or
        this Agreement is held or deemed to create a security interest in such assets,
        then (i) the Mortgage Loan Purchase Agreement and this Agreement shall each
        be
        deemed to be a security agreement within the meaning of the Uniform Commercial
        Code of the State of New York and (ii) the conveyance provided for in the
        Mortgage Loan Purchase Agreement from the Sellers to the Depositor, and the
        conveyance provided for in this Agreement from the Depositor to the Trustee,
        shall be deemed to be an assignment and a grant by the Sellers or the Depositor,
        as applicable, for the benefit of the Certificateholders of a security interest
        in all of the assets that constitute the Trust Fund, whether now owned or
        hereafter acquired.

       

      The
        Depositor for the benefit of the Certificateholders shall, to the extent
        consistent with this Agreement, take such actions as may be necessary to
        ensure
        that, if this Agreement were deemed to create a security interest in the
        assets
        of the Trust Fund, such security interest would be deemed to be a perfected
        security interest of first priority under applicable law and will be maintained
        as such throughout the term of the Agreement.

       

      Section
        11.05  Notices. 

       

      (a)  The
        Trustee shall use its best efforts to promptly provide notice to each Rating
        Agency with respect to each of the following of which a Responsible Officer
        of
        the Trustee has actual knowledge:

       

      (i)  Any
        material change or amendment to this Agreement;

       

      (ii)  The
        occurrence of any Event of Default that has not been cured;

       

      (iii)  The
        resignation or termination of the Master Servicer or the Trustee and the
        appointment of any successor;

       

      (iv)  The
        repurchase or substitution of Mortgage Loans pursuant to Sections 2.02, 2.03,
        3.19 and 10.01; and

       

      (v)  The
        final
        payment to Certificateholders.

       

      (b)  All
        directions, demands and notices hereunder shall be in writing and shall be
        deemed to have been duly given when delivered at or mailed by registered
        mail,
        return receipt requested, postage prepaid, or by recognized overnight courier,
        or by facsimile transmission to a number provided by the appropriate party
        if
        receipt of such transmission is confirmed to (i) in the case of the Depositor,
        Bear Stearns Asset Backed Securities I LLC, 383 Madison Avenue, New York,
        New
        York 10179, Attention: Chief Counsel, and with respect to Regulation AB
        notifications to the Depositor at regabnotifications@bear.com; (ii) in the
        case
        of the Seller or the Master Servicer, EMC Mortgage Corporation, 2780 Lake
        Vista
        Drive, Lewisville, Texas 75067 (Facsimile: (972) 444-2880), attention: President
        or General Counsel, or such other address as may be hereafter furnished to
        the
        other parties hereto by the Master Servicer in writing; (iii) in the case
        of the
        Trustee, at each Corporate Trust Office or such other address as the Trustee
        may
        hereafter furnish to the other parties hereto, (iv) in the case of ABN
        AMRO
        Bank N.V., 55 East 52nd Street, New York, NY 10055, telecopier number: (212)
        409-7303, Attn: Associate General Counsel and
        (v)
        in the case of the Rating Agencies, (x) Moody’s Investors Service, Inc., 99
        Church Street, New York, New York 10007, Attention: Home Equity Monitoring
        and
        (y) Standard & Poor’s, 55 Water Street, 41st Floor, New York, New York
        10041, the Master Servicer or the Trustee under this Agreement shall be
        effective only upon receipt. Any notice required or permitted to be mailed
        to a
        Certificateholder, unless otherwise provided herein, shall be given by
        first-class mail, postage prepaid, at the address of such Certificateholder
        as
        shown in the Certificate Register; any notice so mailed within the time
        prescribed in this Agreement shall be conclusively presumed to have been
        duly
        given, whether or not the Certificateholder receives such notice.

       

      Section
        11.06  Severability
        of Provisions. 

       

      If
        any
        one or more of the covenants, agreements, provisions or terms of this Agreement
        shall be for any reason whatsoever held invalid, then such covenants,
        agreements, provisions or terms shall be deemed severable from the remaining
        covenants, agreements, provisions or terms of this Agreement and shall in
        no way
        affect the validity or enforceability of the other provisions of this Agreement
        or of the Certificates or the rights of the Holders thereof.

       

      Section
        11.07  Assignment. 

       

      Notwithstanding
        anything to the contrary contained herein, except as provided pursuant to
        Section 7.02, this Agreement may not be assigned by the Master Servicer,
        EMC (on
        its own behalf as Seller and on behalf of Master Funding) or the
        Depositor.

       

      Section
        11.08  Limitation
        on Rights of Certificateholders. 

       

      The
        death
        or incapacity of any Certificateholder shall not operate to terminate this
        Agreement or the Trust Fund, nor entitle such Certificateholder’s legal
        representative or heirs to claim an accounting or to take any action or commence
        any proceeding in any court for a petition or winding up of the Trust Fund,
        or
        otherwise affect the rights, obligations and liabilities of the parties hereto
        or any of them.

       

      No
        Certificateholder shall have any right to vote (except as provided herein)
        or in
        any manner otherwise control the operation and management of the Trust Fund,
        or
        the obligations of the parties hereto, nor shall anything herein set forth
        or
        contained in the terms of the Certificates be construed so as to constitute
        the
        Certificateholders from time to time as partners or members of an association;
        nor shall any Certificateholder be under any liability to any third party
        by
        reason of any action taken by the parties to this Agreement pursuant to any
        provision hereof.

       

      No
        Certificateholder shall have any right by virtue or by availing itself of
        any
        provisions of this Agreement to institute any suit, action or proceeding
        in
        equity or at law upon or under or with respect to this Agreement, unless
        such
        Holder previously shall have given to the Trustee a written notice of an
        Event
        of Default and of the continuance thereof, as hereinbefore provided, the
        Holders
        of Certificates evidencing not less than 25% of the Voting Rights evidenced
        by
        the Certificates shall also have made written request to the Trustee to
        institute such action, suit or proceeding in its own name as Trustee hereunder
        and shall have offered to the Trustee such reasonable indemnity as it may
        require against the costs, expenses, and liabilities to be incurred therein
        or
        thereby, and the Trustee for 60 days after its receipt of such notice, request
        and offer of indemnity shall have neglected or refused to institute any such
        action, suit or proceeding; it being understood and intended, and being
        expressly covenanted by each Certificateholder with every other
        Certificateholder and the Trustee, that no one or more Holders of Certificates
        shall have any right in any manner whatever by virtue or by availing itself
        or
        themselves of any provisions of this Agreement to affect, disturb or prejudice
        the rights of the Holders of any other of the Certificates, or to obtain
        or seek
        to obtain priority over or preference to any other such Holder or to enforce
        any
        right under this Agreement, except in the manner herein provided and for
        the
        common benefit of all Certificateholders. For the protection and enforcement
        of
        the provisions of this Section 11.08, each and every Certificateholder or
        the
        Trustee shall be entitled to such relief as can be given either at law or
        in
        equity.

       

      Section
        11.09  Inspection
        and Audit Rights. 

       

      The
        Master Servicer agrees that, on reasonable prior notice, it will permit any
        representative of the Depositor or the Trustee during the Master Servicer’s
        normal business hours, to examine all the books of account, records, reports
        and
        other papers of the Master Servicer relating to the Mortgage Loans, to make
        copies and extracts therefrom, to cause such books to be audited by independent
        certified public accountants selected by the Depositor and the Trustee and
        to
        discuss its affairs, finances and accounts relating to such Mortgage Loans
        with
        its officers, employees and independent public accountants (and by this
        provision the Master Servicer hereby authorizes such accountants to discuss
        with
        such representative such affairs, finances and accounts), all at such reasonable
        times and as often as may be reasonably requested. Any out-of-pocket expense
        incident to the exercise by the Depositor or the Trustee of any right under
        this
        Section 11.09 shall be borne by the party requesting such inspection, subject
        to
        such party’s right to reimbursement hereunder (in the case of the Trustee,
        pursuant to Section 9.05 hereof.

       

      Section
        11.10  Certificates
        Nonassessable and Fully Paid. 

       

      It
        is the
        intention of the Depositor that Certificateholders shall not be personally
        liable for obligations of the Trust Fund, that the interests in the Trust
        Fund
        represented by the Certificates shall be nonassessable for any reason
        whatsoever, and that the Certificates, upon due authentication thereof by
        the
        Trustee pursuant to this Agreement, are and shall be deemed fully
        paid.

       

      Section
        11.11  Third
        Party Rights. 

       

      Each
        Swap
        Provider shall be an express third-party beneficiary of this Agreement to
        the
        extent of its express rights to receive any payments under this Agreement
        or
        any
        other express
        rights of
        each
        Swap Provider explicitly
        stated in this Agreement,
        and
        shall have the right to enforce such rights under this Agreement as if it
        were a
        party hereto. The Swap Administrator shall be an express third-party beneficiary
        of this Agreement to the extent of its express rights to receive any payments
        under this Agreement or
        any
        other express
        rights of
        the
        Swap Administrator explicitly
        stated in this Agreement,
        and
        shall have the right to enforce such rights under this Agreement as if it
        were a
        party hereto.

       

      

      *
        *
        *

      

       

      IN
        WITNESS WHEREOF, the Depositor, the Master Servicer, the Seller and the Trustee
        have caused their names to be signed hereto by their respective officers
        thereunto duly authorized as of the day and year first above
        written.

       

      BEAR
        STEARNS ASSET BACKED 

      SECURITIES
        I LLC,

      as
        Depositor

       

      By:
        /s/ Joseph T. Jurkowski,
        Jr.                     

      Name: Joseph
        T.
        Jurkowski, Jr.

      Title: Vice
        President

       

      EMC
        MORTGAGE CORPORATION,

      as
        Seller
        and as Master Servicer

       

      By:
        /s/ Sue
        Stepanek                                       

      Name:
        Sue
        Stepanek

      Title:
        Executive Vice President 

       

      LASALLE
        BANK NATIONAL ASSOCIATION,

      as
        Trustee

       

      By:
        /s/ Susan L.
        Feld                                        

      Name:
        Susan L. Feld

      Title:
        Assistant Vice President

       

      
        
          
          

        

        
          
          

          
            

          

        

        
          
          

        

      

      

      
        	
                STATE
                  OF NEW YORK

              	
                )

              	 
	 	
                )

              	
                ss.:

              
	
                COUNTY
                  OF NEW YORK

              	
                )

              	 

      

      

       

      On
        this
        30th
        day of
        November, 2006, before me, a notary public in and for said State, appeared
        Joseph T. Jurkowski, Jr., personally known to me on the basis of satisfactory
        evidence to be an authorized representative of Bear Stearns Asset Backed
        Securities I LLC, one of the companies that executed the within instrument,
        and
        also known to me to be the person who executed it on behalf of such limited
        liability company and acknowledged to me that such limited liability company
        executed the within instrument.

       

      IN
        WITNESS WHEREOF, I have hereunto set my hand and affixed my official seal
        the
        day and year in this certificate first above written.

       

      _________________________

      Notary
        Public

      [Notarial
        Seal]

       

      
        
          
          

        

        
          
          

          
            

          

        

        
          
          

        

      

      

      
        	
                STATE
                  OF TEXAS

              	
                )

              	 
	 	
                )

              	
                ss.:

              
	
                COUNTY
                  OF DALLAS

              	
                )

              	 

      

      

      On
        this
        30th
        day of
        November 2006, before me, a notary public in and for said State, appeared
        __________________, personally known to me on the basis of satisfactory evidence
        to be an authorized representative of EMC Mortgage Corporation, one of the
        corporations that executed the within instrument, and also known to me to
        be the
        person who executed it on behalf of such corporation and acknowledged to
        me that
        such corporation executed the within instrument.

       

      IN
        WITNESS WHEREOF, I have hereunto set my hand and affixed my official seal
        the
        day and year in this certificate first above written.

      
         

        _________________________

        Notary
          Public

        [Notarial
          Seal]

      

      
        
          
          

        

        
          
          

          
            

          

        

        
          
          

        

      

      

      
        	
                STATE
                  OF ILLINOIS

              	
                )

              	 
	 	
                )

              	
                ss.:

              
	
                COUNTY
                  OF COOK

              	
                )

              	 

      

      

      On
        this
        30th
        day of
        November, 2006, before me, a notary public in and for said State, appeared
        ______________, personally known to me on the basis of satisfactory evidence
        to
        be an authorized representative of LaSalle Bank National Association that
        executed the within instrument, and also known to me to be the person who
        executed it on behalf of such corporation, and acknowledged to me that such
        corporation executed the within instrument.

       

      IN
        WITNESS WHEREOF, I have hereunto set my hand and affixed my official seal
        the
        day and year in this certificate first above written.

      
         

        _________________________

        Notary
          Public

        [Notarial
          Seal]

      

       

    

     

    
 

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

     

     

    EXHIBIT
      A-1

     

    Form
      of
      Class A Certificates

     

    SOLELY
      FOR U.S. FEDERAL INCOME TAX PURPOSES, THIS CERTIFICATE REPRESENTS A “REGULAR
      INTEREST” IN A “REAL ESTATE MORTGAGE INVESTMENT CONDUIT,” AS THOSE TERMS ARE
      DEFINED, RESPECTIVELY, IN SECTIONS 860G AND 860D OF THE INTERNAL REVENUE CODE
      OF
      1986 (THE “CODE”).

     

    THE
      CERTIFICATE PRINCIPAL BALANCE OF THIS CERTIFICATE WILL BE DECREASED BY THE
      PRINCIPAL PAYMENTS HEREON AND REALIZED LOSSES ALLOCABLE HERETO. ACCORDINGLY,
      FOLLOWING THE INITIAL ISSUANCE OF THE CERTIFICATES, THE CERTIFICATE PRINCIPAL
      BALANCE OF THIS CERTIFICATE WILL BE DIFFERENT FROM THE DENOMINATION SHOWN BELOW.
      ANYONE ACQUIRING THIS CERTIFICATE MAY ASCERTAIN ITS CERTIFICATE PRINCIPAL
      BALANCE BY INQUIRY OF THE TRUSTEE NAMED HEREIN.

     

    UNLESS
      THIS CERTIFICATE IS PRESENTED BY AN AUTHORIZED REPRESENTATIVE OF THE DEPOSITORY
      TRUST COMPANY TO THE DEPOSITOR OR ITS AGENT FOR REGISTRATION OF TRANSFER,
      EXCHANGE OR PAYMENT, AND ANY CERTIFICATE ISSUED IS REGISTERED IN THE NAME OF
      CEDE & CO. OR SUCH OTHER NAME AS REQUESTED BY AN AUTHORIZED REPRESENTATIVE
      OF THE DEPOSITORY TRUST COMPANY AND ANY PAYMENT IS MADE TO CEDE & CO., ANY
      TRANSFER, PLEDGE OR OTHER USE HEREOF FOR VALUE OR OTHERWISE BY OR TO ANY PERSON
      IS WRONGFUL SINCE THE REGISTERED OWNER HEREOF, CEDE & CO., HAS AN INTEREST
      HEREIN.

     

    PRIOR
      TO THE TERMINATION OF THE GROUP [I][II] SUPPLEMENTAL INTEREST TRUST, ANY PERSON
      ACQUIRING A CERTIFICATE SHALL BE DEEMED TO HAVE MADE THE REPRESENTATIONS IN
      SECTION 6.02(h)
      OF THE POOLING AND SERVICING AGREEMENT. 

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

     

     

    
      	
              Certificate
                No. 1

            	
              Adjustable
                Rate

            
	 	 
	
              Class
                [I-1A-1][I-1A-2][I-1A-3][I-2A][II-A-1][II-A-2][II-A-3]
                Senior

            	 
	 	 
	
              Date
                of Pooling and Servicing Agreement

              and
                Cut-off Date: November 1, 2006

            	
              Aggregate
                Initial Certificate Principal Balance of this Certificate as of the
                Cut-off Date:

              $[__________]

            
	 	 
	
              First
                Distribution Date:

              December
                26, 2006

            	
              Initial
                Certificate Principal Balance of this Certificate as of the Cut-off
                Date:

              $[__________]

            
	 	 
	
              Master
                Servicer:

              EMC
                Mortgage Corporation

            	
              CUSIP:
                [_____]

            
	 	 
	
              Last
                Scheduled Distribution Date:

              [__________,
                __]

            	 

    

    

    ASSET-BACKED
      CERTIFICATE

     

    SERIES
      2006-AQ1

     

    evidencing
      a fractional undivided interest in the distributions allocable to the Class
      [I-1A-1][I-1A-2][I-1A-3][I-2A][II-A-1][II-A-2][II-A-3] Certificates with respect
      to a Trust Fund consisting primarily of a pool of conventional, closed-end,
      first and second lien, subprime, one- to four-family fixed and adjustable
      interest rate mortgage loans sold by BEAR STEARNS ASSET BACKED SECURITIES I
      LLC.

     

    This
      Certificate is payable solely from the assets of the Trust Fund relating to
      Loan
      Group [I][II], and does not represent an obligation of or interest in Bear
      Stearns Asset Backed Securities I LLC, the Master Servicer or the Trustee
      referred to below or any of their affiliates or any other person. Neither this
      Certificate nor the underlying Mortgage Loans are guaranteed or insured by
      any
      governmental entity or by Bear Stearns Asset Backed Securities I LLC, the Master
      Servicer or the Trustee or any of their affiliates or any other person. None
      of
      Bear Stearns Asset Backed Securities I LLC, the Master Servicer or any of their
      affiliates will have any obligation with respect to any certificate or other
      obligation secured by or payable from payments on the Certificates.

     

    This
      certifies that Cede & Co. is the registered owner of the Percentage Interest
      evidenced hereby in the beneficial ownership interest of Certificates of the
      same Class as this Certificate in a trust (the “Trust Fund”) generally
      consisting of conventional, closed-end, first and second lien, subprime, fixed
      and adjustable rate mortgage loans secured by one- to four- family residences
      (collectively, the “Mortgage Loans”) sold by Bear Stearns Asset Backed
      Securities I LLC (“BSABS I”). The Mortgage Loans were sold by EMC Mortgage
      Corporation (“EMC”) and Master Funding LLC to BSABS I. EMC will act as master
      servicer of the Mortgage Loans (in that capacity, the “Master Servicer,” which
      term includes any successors thereto under the Agreement referred to below).
      The
      Trust Fund was created pursuant to the Pooling and Servicing Agreement, dated
      as
      of the Cut-off Date specified above (the “Agreement”), among BSABS I, as
      depositor (the “Depositor”), EMC Mortgage Corporation, as seller and as Master
      Servicer, and LaSalle Bank National Association, as trustee (the “Trustee”), a
      summary of certain of the pertinent provisions of which is set forth hereafter.
      To the extent not defined herein, capitalized terms used herein shall have
      the
      meaning ascribed to them in the Agreement. This Certificate is issued under
      and
      is subject to the terms, provisions and conditions of the Agreement, to which
      Agreement the Holder of this Certificate by virtue of its acceptance hereof
      assents and by which such Holder is bound.

     

    Interest
      on this Certificate will accrue from and including the immediately preceding
      Distribution Date (or with respect to the First Distribution Date, the Closing
      Date) to and including the day prior to the current Distribution Date on the
      Certificate Principal Balance hereof at a per annum rate equal to the
      Pass-Through Rate set forth above. The Trustee will distribute on the 25th
      day
      of each month, or, if such 25th day is not a Business Day, the immediately
      following Business Day (each, a “Distribution Date”), commencing on the First
      Distribution Date specified above, to the Person in whose name this Certificate
      is registered at the close of business on the Business Day immediately preceding
      such Distribution Date so long as such Certificate remains in book-entry form
      (and otherwise, the close of business on the last Business Day of the month
      immediately preceding the month of such Distribution Date), an amount equal
      to
      the product of the Percentage Interest evidenced by this Certificate and the
      amount (of interest and principal, if any) required to be distributed to the
      Holders of Certificates of the same Class as this Certificate. The Assumed
      Final
      Distribution Date is the Distribution Date in the month following the latest
      scheduled maturity date of any Mortgage Loan.

     

    Distributions
      on this Certificate will be made by the Trustee by check mailed to the address
      of the Person entitled thereto as such name and address shall appear on the
      Certificate Register or, if such Person so requests by notifying the Trustee
      in
      writing as specified in the Agreement, by wire transfer. Notwithstanding the
      above, the final distribution on this Certificate will be made after due notice
      by the Trustee of the pendency of such distribution and only upon presentation
      and surrender of this Certificate at the office or agency appointed by the
      Trustee for that purpose and designated in such notice. The initial Certificate
      Principal Balance of this Certificate is set forth above. The Certificate
      Principal Balance hereof will be reduced to the extent of distributions
      allocable to principal hereon and any Realized Losses allocable
      hereto.

     

    This
      Certificate is one of a duly authorized issue of Certificates designated as
      set
      forth on the face hereof (the “Certificates”). The Certificates, in the
      aggregate, evidence the entire beneficial ownership interest in the Trust Fund
      formed pursuant to the Agreement.

     

    The
      Certificateholder, by its acceptance of this Certificate, agrees that it will
      look solely to the Trust Fund for payment hereunder and that the Trustee is
      not
      liable to the Certificateholders for any amount payable under this Certificate
      or the Agreement or, except as expressly provided in the Agreement, subject
      to
      any liability under the Agreement.

     

    This
      Certificate does not purport to summarize the Agreement and reference is made
      to
      the Agreement for the interests, rights and limitations of rights, benefits,
      obligations and duties evidenced hereby, and the rights, duties and immunities
      of the Trustee.

     

    The
      Agreement permits, with certain exceptions therein provided, the amendment
      thereof and the modification of the rights and obligations of the Depositor
      and
      the rights of the Certificateholders under the Agreement from time to time
      by
      the parties thereto with the consent of the Holders of the Certificates
      evidencing over 50% of the Voting Rights of the Certificates in the aggregate,
      or, with the consent of the holders of the Certificates evidencing over 50%
      of
      the Voting Rights of the Certificates in the related Loan Group, or, with the
      consent of the Holders of each Class of Certificates affected thereby evidencing
      over 50% of the Voting Rights of such Class or Classes, in each case, as
      applicable. Any such consent by the Holder of this Certificate shall be
      conclusive and binding on such Holder and upon all future Holders of this
      Certificate and of any Certificate issued upon the transfer hereof or in lieu
      hereof whether or not notation of such consent is made upon this Certificate.
      The Agreement also permits the amendment thereof, in certain limited
      circumstances, without the consent of the Holders of any of the
      Certificates.

     

    As
      provided in the Agreement and subject to certain limitations therein set forth,
      the transfer of this Certificate is registrable with the Trustee upon surrender
      of this Certificate for registration of transfer at the offices or agencies
      maintained by the Trustee for such purposes, duly endorsed by, or accompanied
      by
      a written instrument of transfer in form satisfactory to the Trustee duly
      executed by the Holder hereof or such Holder’s attorney duly authorized in
      writing, and thereupon one or more new Certificates in authorized denominations
      representing a like aggregate Percentage Interest will be issued to the
      designated transferee.

     

    Prior
      to
      the termination of the Group [I][II] Supplemental Interest Trust, any transferee
      of this Certificate shall be deemed to make the representations in Section
      6.02(h) of the Agreement. 

     

    The
      Certificates are issuable only as registered Certificates without coupons in
      the
      Classes and denominations specified in the Agreement. As provided in the
      Agreement and subject to certain limitations therein set forth, this Certificate
      is exchangeable for one or more new Certificates evidencing the same Class
      and
      in the same aggregate Percentage Interest, as requested by the Holder
      surrendering the same.

     

    No
      service charge will be made to the Certificateholders for any such registration
      of transfer, but the Trustee may require payment of a sum sufficient to cover
      any tax or other governmental charge payable in connection therewith. The
      Depositor, the Master Servicer, the Trustee 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 Depositor, the Master Servicer, the Trustee
      or any such agent shall be affected by notice to the contrary.

     

    The
      obligations created by the Agreement and the Trust Fund relating to Loan Group
      [I][II] created thereby (other than the obligations to make payments to related
      Certificateholders with respect to the termination of the Agreement) shall
      terminate upon the earlier of (i) the later of (A) the maturity or other
      liquidation (or Advance with respect thereto) of the last Mortgage Loan
      remaining in the Trust Fund relating to Loan Group [I][II] and disposition
      of
      all property acquired upon foreclosure or deed in lieu of foreclosure of any
      Group [I][II] Mortgage Loan and (B) the remittance of all funds relating to
      Loan
      Group [I][II] due under the Agreement, or (ii) the optional repurchase by the
      party named in the Agreement of all the Mortgage Loans and other assets of
      the
      Trust Fund relating to Loan Group [I][II] in accordance with the terms of the
      Agreement. Such optional repurchase may be made only on or after the first
      Distribution Date on which the aggregate Stated Principal Balance of the Group
      [I][II] Mortgage Loans is less than or equal to a certain percentage of the
      aggregate Stated Principal Balance of the Group [I][II] Mortgage Loans as of
      the
      Cut-off Date as set forth in the Agreement. The exercise of such right will
      effect the early retirement of the Group [I][II] Certificates. In no event,
      however, will the Group [I][II] Sub-Trust created by the Agreement continue
      beyond the earlier of
      (i)
      the expiration of 21 years after the death of certain persons identified in
      the
      Agreement and (ii) the Latest Possible Maturity Date (as defined in the
      Agreement) related to Loan Group [I][II].

     

    Unless
      this Certificate has been countersigned by an authorized signatory of the
      Trustee by manual signature, this Certificate shall not be entitled to any
      benefit under the Agreement, or be valid for any purpose.

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    IN
      WITNESS WHEREOF, the Trustee has caused this Certificate to be duly
      executed.

    
      	
              Dated: _________,
                ____

            	 	 	
              LASALLE
                BANK NATIONAL ASSOCIATION,

              not
                in its individual capacity but solely as Trustee

            
	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	
              By:

            	 
	 	 	 	 	 	 	 	 	
              Authorized
                Signatory

            

    

    

     

    CERTIFICATE
      OF AUTHENTICATION

     

    This
      is
      one of the Class [I-1A-1][I-1A-2][I-1A-3][I-2A][II-A-1][II-A-2][II-A-3]
      Certificates referred to in the within-mentioned Agreement.

     

    
      	 	 	 	
              LASALLE
                BANK NATIONAL ASSOCIATION

              Authorized
                signatory of LaSalle Bank National Association, not in its individual
                capacity but solely as Trustee

            
	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	
              By:

            	 
	 	 	 	 	 	 	 	 	
              Authorized
                Signatory

            

    

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    ASSIGNMENT

     

    FOR
      VALUE
      RECEIVED, the undersigned hereby sell(s), assign(s) and transfer(s) unto
      __________________________________ (Please print or typewrite name and address
      including postal zip code of assignee) a Percentage Interest evidenced by the
      within Asset-Backed Certificate and hereby authorizes the transfer of
      registration of such interest to assignee on the Certificate Register of the
      Trust Fund.

     

    I
      (We)
      further direct the Certificate Registrar to issue a new Certificate of a like
      denomination and Class, to the above named assignee and deliver such Certificate
      to the following address:

     

    
      	 	 	
              .

            
	 	 	 

    

    

     

    
      	
              Dated:

            	 
	 	
              Signature
                by or on behalf of assignor

            
	 	 
	 	 
	 	
              Signature
                Guaranteed

            

    

     

    DISTRIBUTION
      INSTRUCTIONS

     

    The
      assignee should include the following for purposes of distribution:

     

    
      	
              Distributions
                shall be made, by wire transfer or otherwise, in immediately available
                

            
	
              funds
                to

            	 
	 
	
              for
                the account of

            	 
	
              account
                number

            	 	
              or,
                if mailed by check, to

            
	 
	
              Applicable
                statements should be mailed to

            	 
	 
	 
	
              This
                information is provided by

            	 
	
              assignee
                named above, or

            	 
	
              its
                agent.

            	 

    

     

    EXHIBIT
      A-2

     

    Form
      of
      Class M Certificates

     

    [For
      the Class I-M-1, Class I-M-2, Class I-M-3, Class I-M-4, Class I-M-5, Class
      I-M-6, Class I-M-7, Class I-M-8, Class I-M-9 and Class I-M-10 Certificates]
      THIS
      CERTIFICATE IS SUBORDINATED IN RIGHT OF PAYMENT TO THE GROUP I SENIOR
      CERTIFICATES [,] [AND] [CLASS I-M-1 CERTIFICATES] [,] [AND] [CLASS I-M-2
      CERTIFICATES] [,] [AND] [CLASS I-M-3 CERTIFICATES] [,] [AND] [CLASS I-M-4
      CERTIFICATES] [,] [AND] [CLASS I-M-5 CERTIFICATES] [,] [AND] [CLASS I-M-6
      CERTIFICATES] [,] [AND] [CLASS I-M-7 CERTIFICATES] [,] [AND] [CLASS I-M-8
      CERTIFICATES] [,] [AND] [CLASS I-M-9 CERTIFICATES] AS DESCRIBED IN THE AGREEMENT
      (AS DEFINED BELOW).

     

    [For
      the Class II-M-1, Class II-M-2, Class II-M-3, Class II-M-4, Class II-M-5, Class
      II-M-6, Class II-M-7, Class II-M-8, Class II-M-9 and Class II-M-10 Certificates]
      THIS CERTIFICATE IS SUBORDINATED IN RIGHT OF PAYMENT TO THE GROUP II SENIOR
      CERTIFICATES [,] [AND] [CLASS II-M-1 CERTIFICATES] [,] [AND] [CLASS II-M-2
      CERTIFICATES] [,] [AND] [CLASS II-M-3 CERTIFICATES] [,] [AND] [CLASS II-M-4
      CERTIFICATES] [,] [AND] [CLASS II-M-5 CERTIFICATES] [,] [AND] [CLASS II-M-6
      CERTIFICATES] [,] [AND] [CLASS II-M-7 CERTIFICATES] [,] [AND] [CLASS II-M-8
      CERTIFICATES] [,] [AND] [CLASS II-M-9 CERTIFICATES] AS DESCRIBED IN THE
      AGREEMENT (AS DEFINED BELOW).

     

    SOLELY
      FOR U.S. FEDERAL INCOME TAX PURPOSES, THIS CERTIFICATE REPRESENTS A “REGULAR
      INTEREST” IN A “REAL ESTATE MORTGAGE INVESTMENT CONDUIT,” AS THOSE TERMS ARE
      DEFINED, RESPECTIVELY, IN SECTIONS 860G AND 860D OF THE INTERNAL REVENUE CODE
      OF
      1986 (THE “CODE”).

     

    THE
      CERTIFICATE PRINCIPAL BALANCE OF THIS CERTIFICATE WILL BE DECREASED BY THE
      PRINCIPAL PAYMENTS HEREON AND REALIZED LOSSES ALLOCABLE HERETO. ACCORDINGLY,
      FOLLOWING THE INITIAL ISSUANCE OF THE CERTIFICATES, THE CERTIFICATE PRINCIPAL
      BALANCE OF THIS CERTIFICATE WILL BE DIFFERENT FROM THE DENOMINATION SHOWN BELOW.
      ANYONE ACQUIRING THIS CERTIFICATE MAY ASCERTAIN ITS CERTIFICATE PRINCIPAL
      BALANCE BY INQUIRY OF THE TRUSTEE NAMED HEREIN.

     

    [For
      the Class I-M-1, Class I-M-2, Class I-M-3, Class I-M-4, Class I-M-5, Class
      I-M-6, Class I-M-7, Class I-M-8, Class I-M-9, Class II-M-1, Class II-M-2, Class
      II-M-3, Class II-M-4, Class II-M-5, Class II-M-6, Class II-M-7, Class II-M-8
      and
      Class II-M-9 Certificates] EACH
      HOLDER OF A CERTIFICATE OR BENEFICIAL OWNERSHIP SHALL BE DEEMED TO HAVE MADE
      THE
      REPRESENTATIONS SET FORTH IN SECTION 6.02(h)
      OF THE POOLING AND SERVICING AGREEMENT.

     

    UNLESS
      THIS CERTIFICATE IS PRESENTED BY AN AUTHORIZED REPRESENTATIVE OF THE DEPOSITORY
      TRUST COMPANY TO THE DEPOSITOR OR ITS AGENT FOR REGISTRATION OF TRANSFER,
      EXCHANGE OR PAYMENT, AND ANY CERTIFICATE ISSUED IS REGISTERED IN THE NAME OF
      CEDE & CO. OR SUCH OTHER NAME AS REQUESTED BY AN AUTHORIZED REPRESENTATIVE
      OF THE DEPOSITORY TRUST COMPANY AND ANY PAYMENT IS MADE TO CEDE & CO., ANY
      TRANSFER, PLEDGE OR OTHER USE HEREOF FOR VALUE OR OTHERWISE BY OR TO ANY PERSON
      IS WRONGFUL SINCE THE REGISTERED OWNER HEREOF, CEDE & CO., HAS AN INTEREST
      HEREIN.

     

    [For
      the Class I-M-10 Certificates and Class II-M-10
      Certificates]
      [THIS CERTIFICATE HAS NOT BEEN AND WILL NOT BE REGISTERED UNDER THE SECURITIES
      ACT OF 1933, AS AMENDED (THE “SECURITIES ACT”), OR UNDER ANY STATE SECURITIES
      LAWS. THE HOLDER HEREOF, BY PURCHASING THIS CERTIFICATE, AGREES THAT THIS
      CERTIFICATE MAY BE REOFFERED, RESOLD, PLEDGED OR OTHERWISE TRANSFERRED ONLY
      IN
      COMPLIANCE WITH THE SECURITIES ACT AND OTHER APPLICABLE LAWS AND ONLY (1)
      PURSUANT TO RULE 144A UNDER THE SECURITIES ACT (“RULE 144A”) TO A PERSON THAT
      THE HOLDER REASONABLY BELIEVES IS A QUALIFIED INSTITUTIONAL BUYER WITHIN THE
      MEANING OF RULE 144A (A “QIB”), PURCHASING FOR ITS OWN ACCOUNT OR A QIB
      PURCHASING FOR THE ACCOUNT OF A QIB, WHOM THE HOLDER HAS INFORMED, IN EACH
      CASE,
      THAT THE REOFFER, RESALE, PLEDGE OR OTHER TRANSFER IS BEING MADE IN RELIANCE
      ON
      RULE 144A, (2) PURSUANT TO AN EXEMPTION FROM REGISTRATION PROVIDED BY RULE
      144
      UNDER THE SECURITIES ACT (IF AVAILABLE) OR (3) IN CERTIFICATED FORM TO AN
“INSTITUTIONAL ACCREDITED INVESTOR” WITHIN THE MEANING THEREOF IN RULE
      501(a)(1), (2), (3) or (7) OF REGULATION D UNDER THE ACT OR ANY ENTITY IN WHICH
      ALL OF THE EQUITY OWNERS COME WITHIN SUCH PARAGRAPHS PURCHASING NOT FOR
      DISTRIBUTION IN VIOLATION OF THE SECURITIES ACT, SUBJECT TO (A) THE RECEIPT
      BY
      THE TRUSTEE OF A LETTER SUBSTANTIALLY IN THE FORM PROVIDED IN THE AGREEMENT
      AND
      (B) THE RECEIPT BY THE TRUSTEE OF SUCH OTHER EVIDENCE ACCEPTABLE TO THE TRUSTEE
      THAT SUCH REOFFER, RESALE, PLEDGE OR TRANSFER IS IN COMPLIANCE WITH THE
      SECURITIES ACT AND OTHER APPLICABLE LAWS OR IN EACH CASE IN ACCORDANCE WITH
      ALL
      APPLICABLE SECURITIES LAWS OF THE UNITED STATES AND ANY OTHER APPLICABLE
      JURISDICTION.]

    

    [For
      the Class I-M-10 Certificates and Class II-M-10
      Certificates]
      [NOTWITHSTANDING THE PREVIOUS PARAGRAPH, A CERTIFICATION WILL NOT BE REQUIRED
      WITH RESPECT TO THE TRANSFER OF THIS CERTIFICATE TO A DEPOSITORY, OR FOR ANY
      SUBSEQUENT TRANSFER OF THIS CERTIFICATE FOR SO LONG AS THIS CERTIFICATE IS
      A
      BOOK-ENTRY CERTIFICATE. ANY TRANSFEREE OF THIS CERTIFICATE WILL BE DEEMED TO
      HAVE REPRESENTED BY VIRTUE OF ITS PURCHASE OR HOLDING OF THIS CERTIFICATE (OR
      INTEREST HEREIN) THAT SUCH TRANSFEREE IS A “QUALIFIED INSTITUTIONAL BUYER”
WITHIN THE MEANING OF RULE 144A UNDER THE 1933 ACT.]

     

    [For
      the Class I-M-10 Certificates and Class II-M-10
      Certificates]
      [THIS CERTIFICATE MAY NOT BE ACQUIRED DIRECTLY OR INDIRECTLY BY, OR ON BEHALF
      OF, AN EMPLOYEE BENEFIT PLAN OR OTHER RETIREMENT ARRANGEMENT WHICH IS SUBJECT
      TO
      TITLE I OF THE EMPLOYEE RETIREMENT INCOME SECURITY ACT OF 1974, AS AMENDED,
      OR
      SECTION 4975 OF THE INTERNAL REVENUE CODE OF 1986, AS AMENDED, UNLESS THE
      TRANSFEREE CERTIFIES OR REPRESENTS THAT THE PROPOSED TRANSFER AND HOLDING OF
      A
      CERTIFICATE AND THE SERVICING, MANAGEMENT AND OPERATION OF THE TRUST AND ITS
      ASSETS: (I) WILL NOT RESULT IN ANY PROHIBITED TRANSACTION WHICH IS NOT COVERED
      UNDER AN INDIVIDUAL OR CLASS PROHIBITED TRANSACTION EXEMPTION, INCLUDING, BUT
      NOT LIMITED TO PROHIBITED TRANSACTION CLASS EXEMPTION (“PTCE”) 84-14, PTCE
      91-38, PTCE 90-1, PTCE 95-60 OR PTCE 96-23 AND (II) WILL NOT GIVE RISE TO ANY
      ADDITIONAL OBLIGATIONS ON THE PART OF THE DEPOSITOR, THE MASTER SERVICER OR
      THE
      TRUSTEE, WHICH WILL BE DEEMED REPRESENTED BY AN OWNER OF A BOOK-ENTRY
      CERTIFICATE OR A GLOBAL CERTIFICATE OR UNLESS AN OPINION SPECIFIED IN SECTION
      6.02 OF THE AGREEMENT IS PROVIDED.]

    
 

    
      	
              Certificate
                No.1

            	
              Adjustable
                Rate

            
	 	 
	
              Class
                [I-M-1][I-M-2][I-M-3][I-M-4][I-M-5][I-M-6][I-M-7][I-M-8][I-M-9][I-M-10][II-M-1][II-M-2][II-M-3][II-M-4][II-M-5][II-M-6][II-M-7][II-M-8][II-M-9][II-M-10]
                Subordinate

            	 
	 	 
	
              Date
                of Pooling and Servicing Agreement 

              and
                Cut-off Date: November 1, 2006

            	
              Aggregate
                Initial Certificate Principal Balance of this Certificate as of the
                Cut-off Date:

              $[__________]

            
	 	 
	
              First
                Distribution Date:

              December
                26, 2006

            	
              Initial
                Certificate Principal Balance of this Certificate as of the Cut-off
                Date:

              $[__________]

            
	 	 
	
              Master
                Servicer:

              EMC
                Mortgage Corporation

            	
              CUSIP:
                [_____]

            
	 	 
	
              Last
                Scheduled Distribution Date:

              October
                25, 2036

            	 
	 	 

    

    

    ASSET-BACKED
      CERTIFICATE

     

    SERIES
      2006-AQ1

     

    evidencing
      a fractional undivided interest in the distributions allocable to the Class
      [I-M-1][I-M-2][I-M-3][I-M-4][I-M-5][I-M-6][I-M-7][I-M-8][I-M-9][I-M-10][II-M-1][II-M-2][II-M-3][II-M-4][II-M-5][II-M-6][II-M-7][II-M-8][II-M-9][II-M-10]
      Certificates with respect to a Trust Fund consisting primarily of a pool of
      conventional, closed-end, first and second lien, subprime, one- to four-family
      fixed and adjustable interest rate mortgage loans sold by BEAR STEARNS ASSET
      BACKED SECURITIES I LLC.

     

    This
      Certificate is payable solely from the assets of the Trust Fund relating to
      Loan
      Group [I][II], and does not represent an obligation of or interest in Bear
      Stearns Asset Backed Securities I LLC, the Master Servicer or the Trustee
      referred to below or any of their affiliates or any other person. Neither this
      Certificate nor the underlying Mortgage Loans are guaranteed or insured by
      any
      governmental entity or by Bear Stearns Asset Backed Securities I LLC, the Master
      Servicer or the Trustee or any of their affiliates or any other person. None
      of
      Bear Stearns Asset Backed Securities I LLC, the Master Servicer or any of their
      affiliates will have any obligation with respect to any certificate or other
      obligation secured by or payable from payments on the Certificates.

     

    This
      certifies that Cede & Co. is the registered owner of the Percentage Interest
      evidenced hereby in the beneficial ownership interest of Certificates of the
      same Class as this Certificate in a trust (the “Trust Fund”) generally
      consisting of conventional, closed-end, first and second lien, subprime, fixed
      and adjustable rate mortgage loans secured by one- to four- family residences
      (collectively, the “Mortgage Loans”) sold by Bear Stearns Asset Backed
      Securities I LLC (“BSABS I”). The Mortgage Loans were sold by EMC Mortgage
      Corporation (“EMC”) and Master Funding LLC to BSABS I. EMC will act as master
      servicer of the Mortgage Loans (in that capacity, the “Master Servicer,” which
      term includes any successors thereto under the Agreement referred to below).
      The
      Trust Fund was created pursuant to the Pooling and Servicing Agreement, dated
      as
      of the Cut-off Date specified above (the “Agreement”), among BSABS I, as
      depositor (the “Depositor”), EMC Mortgage Corporation, as seller and as Master
      Servicer, and LaSalle Bank National Association, as trustee (the “Trustee”), a
      summary of certain of the pertinent provisions of which is set forth hereafter.
      To the extent not defined herein, capitalized terms used herein shall have
      the
      meaning ascribed to them in the Agreement. This Certificate is issued under
      and
      is subject to the terms, provisions and conditions of the Agreement, to which
      Agreement the Holder of this Certificate by virtue of its acceptance hereof
      assents and by which such Holder is bound.

     

    Interest
      on this Certificate will accrue from and including the immediately preceding
      Distribution Date (or with respect to the First Distribution Date, the Closing
      Date) to and including the day prior to the current Distribution Date on the
      Certificate Principal Balance hereof at a per annum rate equal to the
      Pass-Through Rate set forth above. The Trustee will distribute on the 25th
      day
      of each month, or, if such 25th day is not a Business Day, the immediately
      following Business Day (each, a “Distribution Date”), commencing on the First
      Distribution Date specified above, to the Person in whose name this Certificate
      is registered at the close of business on the Business Day immediately preceding
      such Distribution Date so long as such Certificate remains in book-entry form
      (and otherwise, the close of business on the last Business Day of the month
      immediately preceding the month of such Distribution Date), an amount equal
      to
      the product of the Percentage Interest evidenced by this Certificate and the
      amount (of interest and principal, if any) required to be distributed to the
      Holders of Certificates of the same Class as this Certificate. The Assumed
      Final
      Distribution Date is the Distribution Date in the month following the latest
      scheduled maturity date of any Mortgage Loan.

     

    Distributions
      on this Certificate will be made by the Trustee by check mailed to the address
      of the Person entitled thereto as such name and address shall appear on the
      Certificate Register or, if such Person so requests by notifying the Trustee
      in
      writing as specified in the Agreement, by wire transfer. Notwithstanding the
      above, the final distribution on this Certificate will be made after due notice
      by the Trustee of the pendency of such distribution and only upon presentation
      and surrender of this Certificate at the office or agency appointed by the
      Trustee for that purpose and designated in such notice. The initial Certificate
      Principal Balance of this Certificate is set forth above. The Certificate
      Principal Balance hereof will be reduced to the extent of distributions
      allocable to principal hereon and any Realized Losses allocable
      hereto

     

    [For
      the
      Class I-M-10 Certificates and Class II-M-10 Certificates] [No
      transfer of this Class [I][II]-M-[10] Certificate will be made unless such
      transfer is (i) exempt from the registration requirements of the Securities
      Act
      of 1933, as amended, and any applicable state securities laws or is made in
      accordance with said Act and laws and (ii) made in accordance with Section
      6.02
      of the Agreement. In the event that such transfer is to be made the Trustee
      shall register such transfer if, (i) made to a transferee who has provided
      the
      Trustee with evidence as to its QIB status; or (ii) (A) the transferor has
      advised the Trustee in writing that the Certificate is being transferred to
      an
      Institutional Accredited Investor and (B) prior to such transfer the transferee
      furnishes to the Trustee an Investment Letter; provided that if based upon
      an
      Opinion of Counsel to the effect that (A) and (B) above are not sufficient
      to
      confirm that such transfer is being made pursuant to an exemption from, or
      in a
      transaction not subject to, the registration requirements of the Securities
      Act
      and other applicable laws, the Trustee shall as a condition of the registration
      of any such transfer require the transferor to furnish such other
      certifications, legal opinions or other information prior to registering the
      transfer of this Certificate as shall be set forth in such Opinion of
      Counsel.]

     

    [For
      the
      Class I-M-10 Certificates and Class II-M-10 Certificates] [Notwithstanding
      the
      foregoing, the certifications will not be required with respect to the transfer
      of this Certificate to a Depository, or for any subsequent transfer of this
      Certificate for so long as this Certificate is a Book-Entry
      Certificate.]

     

    This
      Certificate is one of a duly authorized issue of Certificates designated as
      set
      forth on the face hereof (the “Certificates”). The Certificates, in the
      aggregate, evidence the entire beneficial ownership interest in the Trust Fund
      formed pursuant to the Agreement.

     

    The
      Certificateholder, by its acceptance of this Certificate, agrees that it will
      look solely to the Trust Fund for payment hereunder and that the Trustee is
      not
      liable to the Certificateholders for any amount payable under this Certificate
      or the Agreement or, except as expressly provided in the Agreement, subject
      to
      any liability under the Agreement.

     

    This
      Certificate does not purport to summarize the Agreement and reference is made
      to
      the Agreement for the interests, rights and limitations of rights, benefits,
      obligations and duties evidenced hereby, and the rights, duties and immunities
      of the Trustee.

     

    The
      Agreement permits, with certain exceptions therein provided, the amendment
      thereof and the modification of the rights and obligations of the Depositor
      and
      the rights of the Certificateholders under the Agreement from time to time
      by
      the parties thereto with the consent of the Holders of the Certificates
      evidencing over 50% of the Voting Rights of the Certificates in the aggregate,
      or, with the consent of the holders of the Certificates evidencing over 50%
      of
      the Voting Rights of the Certificates in the related Loan Group, or, with the
      consent of the Holders of each Class of Certificates affected thereby evidencing
      over 50% of the Voting Rights of such Class or Classes, in each case, as
      applicable. Any such consent by the Holder of this Certificate shall be
      conclusive and binding on such Holder and upon all future Holders of this
      Certificate and of any Certificate issued upon the transfer hereof or in lieu
      hereof whether or not notation of such consent is made upon this Certificate.
      The Agreement also permits the amendment thereof, in certain limited
      circumstances, without the consent of the Holders of any of the
      Certificates.

     

    As
      provided in the Agreement and subject to certain limitations therein set forth,
      the transfer of this Certificate is registrable with the Trustee upon surrender
      of this Certificate for registration of transfer at the offices or agencies
      maintained by the Trustee for such purposes, duly endorsed by, or accompanied
      by
      a written instrument of transfer in form satisfactory to the Trustee duly
      executed by the Holder hereof or such Holder’s attorney duly authorized in
      writing, and thereupon one or more new Certificates in authorized denominations
      representing a like aggregate Percentage Interest will be issued to the
      designated transferee.

     

    [For
      the
      Class I-M-1, Class I-M-2, Class I-M-3, Class I-M-4, Class I-M-5, Class I-M-6,
      Class I-M-7, Class I-M-8, Class I-M-9, Class II-M-1, Class II-M-2, Class II-M-3,
      Class II-M-4, Class II-M-5, Class II-M-6, Class II-M-7, Class II-M-8 and Class
      II-M-9 Certificates] Each holder of a Certificate or beneficial ownership shall
      be deemed to have made the representations set forth in Section 6.02(h) of
      the
      Pooling and Servicing Agreement. 

     

    [For
      the
      Class I-M-10 Certificates and Class II-M-10 Certificates] [This Certificate
      may
      not be acquired directly or indirectly by, or on behalf of, an employee benefit
      plan or other retirement arrangement which is subject to Title I of the Employee
      Retirement Income Security Act of 1974, as amended, or Section 4975 of the
      Internal Revenue Code of 1986, as amended, unless the transferee certifies
      or
      represents that the proposed transfer and holding of a Certificate and the
      servicing, management and operation of the trust and its assets: (i) will not
      result in any prohibited transaction which is not covered under an individual
      or
      class prohibited transaction exemption, including, but not limited to,
      Prohibited Transaction Class Exemption (“PTCE”) 84-14, PTCE 91-38, PTCE 90-1,
      PTCE 95-60 or PTCE 96-23 and (ii) will not give rise to any additional
      obligations on the part of the Depositor, the Master Servicer or the Trustee,
      which will be deemed represented by an owner of a Book-Entry Certificate or
      a
      Global Certificate or unless an Opinion of Counsel specified in section 6.02
      of
      the Agreement is provided. This Certificate is one of a duly authorized issue
      of
      Certificates designated as set forth on the face hereof (the “Certificates”).
      The Certificates, in the aggregate, evidence the entire beneficial ownership
      interest in the Trust Fund formed pursuant to the Agreement.] 

     

    The
      Certificates are issuable only as registered Certificates without coupons in
      the
      Classes and denominations specified in the Agreement. As provided in the
      Agreement and subject to certain limitations therein set forth, this Certificate
      is exchangeable for one or more new Certificates evidencing the same Class
      and
      in the same aggregate Percentage Interest, as requested by the Holder
      surrendering the same.

     

    No
      service charge will be made to the Certificateholders for any such registration
      of transfer, but the Trustee may require payment of a sum sufficient to cover
      any tax or other governmental charge payable in connection therewith. The
      Depositor, the Master Servicer, the Trustee 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 Master Servicer, the
      Trustee or any such agent shall be affected by notice to the
      contrary.

     

    The
      obligations created by the Agreement and the Trust Fund relating to Loan Group
      [I][II] created thereby (other than the obligations to make payments to related
      Certificateholders with respect to the termination of the Agreement) shall
      terminate upon the earlier of (i) the later of (A) the maturity or other
      liquidation (or Advance with respect thereto) of the last Mortgage Loan
      remaining in the Trust Fund relating to Loan Group [I][II] and disposition
      of
      all property acquired upon foreclosure or deed in lieu of foreclosure of any
      Group [I][II] Mortgage Loan and (B) the remittance of all funds relating to
      Loan
      Group [I][II] due under the Agreement, or (ii) the optional repurchase by the
      party named in the Agreement of all the Mortgage Loans and other assets of
      the
      Trust Fund relating to Loan Group [I][II] in accordance with the terms of the
      Agreement. Such optional repurchase may be made only on or after the first
      Distribution Date on which the aggregate Stated Principal Balance of the Group
      [I][II] Mortgage Loans is less than or equal to a certain percentage of the
      aggregate Stated Principal Balance of the Group [I][II] Mortgage Loans as of
      the
      Cut-off Date as set forth in the Agreement. The exercise of such right will
      effect the early retirement of the Group [I][II] Certificates. In no event,
      however, will the Group [I][II] Sub-Trust created by the Agreement continue
      beyond the earlier of (i) the expiration of 21 years after the death of certain
      persons identified in the Agreement and (ii) the Latest Possible Maturity Date
      (as defined in the Agreement) related to Loan Group [I][II].

     

    Unless
      this Certificate has been countersigned by an authorized signatory of the
      Trustee by manual signature, this Certificate shall not be entitled to any
      benefit under the Agreement, or be valid for any purpose.

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    IN
      WITNESS WHEREOF, the Trustee has caused this Certificate to be duly
      executed.

     

    
      	
              Dated: _________,
                ____

            	 	 	
              LASALLE
                BANK NATIONAL ASSOCIATION,

              not
                in its individual capacity but solely as Trustee

            
	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	
              By:

            	 
	 	 	 	 	 	 	 	 	
              Authorized
                Signatory

            

    

    

     

    CERTIFICATE
      OF AUTHENTICATION

     

    This
      is
      one of the Class
      [I-M-1][I-M-2][I-M-3][I-M-4][I-M-5][I-M-6][I-M-7][I-M-8][I-M-9][I-M-10][II-M-1][II-M-2][II-M-3][II-M-4][II-M-5][II-M-6][II-M-7][II-M-8][II-M-9][II-M-10]
      Certificates referred to in the within-mentioned Agreement.

     

    
      	 	 	 	
              LASALLE
                BANK NATIONAL ASSOCIATION

              Authorized
                signatory of LaSalle Bank National Association, not in its individual
                capacity but solely as Trustee

            
	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	
              By:

            	 
	 	 	 	 	 	 	 	 	
              Authorized
                Signatory

            

    

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    ASSIGNMENT

     

    FOR
      VALUE
      RECEIVED, the undersigned hereby sell(s), assign(s) and transfer(s) unto
      __________________________________ (Please print or typewrite name and address
      including postal zip code of assignee) a Percentage Interest evidenced by the
      within Asset-Backed Certificate and hereby authorizes the transfer of
      registration of such interest to assignee on the Certificate Register of the
      Trust Fund.

     

    I
      (We)
      further direct the Certificate Registrar to issue a new Certificate of a like
      denomination and Class, to the above named assignee and deliver such Certificate
      to the following address:

     

    
      	
              Dated:

            	 
	 	
              Signature
                by or on behalf of assignor

            
	 	 
	 	 
	 	
              Signature
                Guaranteed

            

    

    

     

    DISTRIBUTION
      INSTRUCTIONS

     

    The
      assignee should include the following for purposes of distribution:

     

    
      	
              Distributions
                shall be made, by wire transfer or otherwise, in immediately available
                

            
	
              funds
                to

            	 
	 
	
              for
                the account of

            	 
	
              account
                number

            	 	
              or,
                if mailed by check, to

            
	 
	
              Applicable
                statements should be mailed to

            	 
	 
	 
	
              This
                information is provided by

            	 
	
              assignee
                named above, or

            	 
	
              its
                agent.

            	 

    

     

    EXHIBIT
      A-3

     

    Form
      of
      Class P Certificate

     

    SOLELY
      FOR U.S. FEDERAL INCOME TAX PURPOSES, THIS CERTIFICATE REPRESENTS A “REGULAR
      INTEREST” IN A “REAL ESTATE MORTGAGE INVESTMENT CONDUIT,” AS THOSE TERMS ARE
      DEFINED, RESPECTIVELY, IN SECTIONS 860G AND 860D OF THE INTERNAL REVENUE CODE
      OF
      1986 (THE “CODE”).

     

    THE
      CERTIFICATE PRINCIPAL BALANCE OF THIS CERTIFICATE WILL BE DECREASED BY THE
      PRINCIPAL PAYMENTS HEREON. ACCORDINGLY, FOLLOWING THE INITIAL ISSUANCE OF THE
      CERTIFICATES, THE CERTIFICATE PRINCIPAL BALANCE OF THIS CERTIFICATE WILL BE
      DIFFERENT FROM THE DENOMINATION SHOWN BELOW. ANYONE ACQUIRING THIS CERTIFICATE
      MAY ASCERTAIN ITS CERTIFICATE PRINCIPAL BALANCE BY INQUIRY OF THE TRUSTEE NAMED
      HEREIN.

     

    THIS
      CERTIFICATE HAS NOT BEEN AND WILL NOT BE REGISTERED UNDER THE SECURITIES ACT
      OF
      1933, AS AMENDED (THE “SECURITIES ACT”), OR UNDER ANY STATE SECURITIES LAWS. THE
      HOLDER HEREOF, BY PURCHASING THIS CERTIFICATE, AGREES THAT THIS CERTIFICATE
      MAY
      BE REOFFERED, RESOLD, PLEDGED OR OTHERWISE TRANSFERRED ONLY IN COMPLIANCE WITH
      THE SECURITIES ACT AND OTHER APPLICABLE LAWS AND ONLY (1) PURSUANT TO RULE
      144A
      UNDER THE SECURITIES ACT (“RULE 144A”) TO A PERSON THAT THE HOLDER REASONABLY
      BELIEVES IS A QUALIFIED INSTITUTIONAL BUYER WITHIN THE MEANING OF RULE 144A
      (A
“QIB”), PURCHASING FOR ITS OWN ACCOUNT OR A QIB PURCHASING FOR THE ACCOUNT OF A
      QIB, WHOM THE HOLDER HAS INFORMED, IN EACH CASE, THAT THE REOFFER, RESALE,
      PLEDGE OR OTHER TRANSFER IS BEING MADE IN RELIANCE ON RULE 144A, (2) PURSUANT
      TO
      AN EXEMPTION FROM REGISTRATION PROVIDED BY RULE 144 UNDER THE SECURITIES ACT
      (IF
      AVAILABLE) OR (3) IN CERTIFICATED FORM TO AN “INSTITUTIONAL ACCREDITED INVESTOR”
WITHIN THE MEANING THEREOF IN RULE 501(a)(1), (2), (3) or (7) OF REGULATION
      D
      UNDER THE ACT OR ANY ENTITY IN WHICH ALL OF THE EQUITY OWNERS COME WITHIN SUCH
      PARAGRAPHS PURCHASING NOT FOR DISTRIBUTION IN VIOLATION OF THE SECURITIES ACT,
      SUBJECT TO (A) THE RECEIPT BY THE TRUSTEE OF A LETTER SUBSTANTIALLY IN THE
      FORM
      PROVIDED IN THE AGREEMENT AND (B) THE RECEIPT BY THE TRUSTEE OF SUCH OTHER
      EVIDENCE ACCEPTABLE TO THE TRUSTEE THAT SUCH REOFFER, RESALE, PLEDGE OR TRANSFER
      IS IN COMPLIANCE WITH THE SECURITIES ACT AND OTHER APPLICABLE LAWS OR IN EACH
      CASE IN ACCORDANCE WITH ALL APPLICABLE SECURITIES LAWS OF THE UNITED STATES
      AND
      ANY OTHER APPLICABLE JURISDICTION.

     

    NO
      TRANSFER OF THIS CERTIFICATE MAY BE MADE TO ANY PERSON, UNLESS THE TRANSFEREE
      PROVIDES EITHER A CERTIFICATION PURSUANT TO SECTION 6.02(h) OF THE AGREEMENT
      OR
      AN OPINION OF COUNSEL SATISFACTORY TO THE TRUSTEE THAT THE PURCHASE AND HOLDING
      OF THIS CERTIFICATE ARE PERMISSIBLE UNDER APPLICABLE LAW, WILL NOT CONSTITUTE
      OR
      RESULT IN ANY NON-EXEMPT PROHIBITED TRANSACTIONS UNDER SECTION 406 OF THE
      EMPLOYEE RETIREMENT INCOME SECURITY ACT OF 1974, AS AMENDED (“ERISA”) OR SECTION
      4975 OF THE CODE AND WILL NOT SUBJECT THE TRUSTEE, MASTER SERVICER OR THE
      DEPOSITOR TO ANY OBLIGATION OR LIABILITY IN ADDITION TO THOSE UNDERTAKEN IN
      THE
      AGREEMENT.

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    

    
      	
              Certificate
                No.1

            	
              Percentage
                Interest: 100%

            
	 	 
	
              Class
                [I-P][II-P]

            	 
	 	 
	
              Date
                of Pooling and Servicing Agreement and Cut-off Date: November 1,
                2006

            	
              Aggregate
                Initial Certificate Principal Balance of this Certificate as of the
                Cut-off Date:

              $100.00

            
	 	 
	
              First
                Distribution Date:

              December
                26, 2006

            	
              Initial
                Certificate Principal Balance of this Certificate as of the Cut-off
                Date:

              $100.00

            
	 	 
	
              Master
                Servicer:

              EMC
                Mortgage Corporation

            	
              CUSIP:
                [_____]

            
	 	 
	
              Last
                Scheduled Distribution Date:

              October
                25, 2036

            	 
	 	 

    

    

    ASSET-BACKED
      CERTIFICATE

     

    SERIES
      2006-AQ1

     

    evidencing
      a fractional undivided interest in the distributions allocable to the Class
      [I-P][II-P] Certificates with respect to a Trust Fund consisting primarily
      of a
      pool of conventional, closed-end, first and second lien, subprime, one- to
      four-family fixed and adjustable interest rate mortgage loans sold by BEAR
      STEARNS ASSET BACKED SECURITIES I LLC.

     

    This
      Certificate is payable solely from the assets of the Trust Fund relating to
      Loan
      Group [I][II], and does not represent an obligation of or interest in Bear
      Stearns Asset Backed Securities I LLC, the Master Servicer or the Trustee
      referred to below or any of their affiliates or any other person. Neither this
      Certificate nor the underlying Mortgage Loans are guaranteed or insured by
      any
      governmental entity or by Bear Stearns Asset Backed Securities I LLC, the Master
      Servicer or the Trustee or any of their affiliates or any other person. None
      of
      Bear Stearns Asset Backed Securities I LLC, the Master Servicer or any of their
      affiliates will have any obligation with respect to any certificate or other
      obligation secured by or payable from payments on the Certificates.

     

    This
      certifies that Bear, Stearns Securities Corp. is the registered owner of the
      Percentage Interest evidenced hereby in the beneficial ownership interest of
      Certificates of the same Class as this Certificate in a trust (the “Trust Fund”)
      generally consisting of conventional, closed-end, first and second lien,
      subprime, fixed and adjustable rate mortgage loans secured by one- to
      four-family residences (collectively, the “Mortgage Loans”) sold by Bear Stearns
      Asset Backed Securities I LLC (“BSABS I”). The Mortgage Loans were sold by EMC
      Mortgage Corporation (“EMC”) and Master Funding LLC (“Master Funding LLC”, and
      together with EMC, the “Sellers”) to BSABS I. EMC will act as master servicer of
      the Mortgage Loans (in that capacity, the “Master Servicer,” which term includes
      any successors thereto under the Agreement referred to below). The Trust Fund
      was created pursuant to the Pooling and Servicing Agreement, dated as of the
      Cut-off Date specified above (the “Agreement”), among BSABS I, as depositor (the
“Depositor”), EMC Mortgage Corporation, as seller and as Master Servicer, and
      LaSalle Bank National Association, as trustee (the “Trustee”), a summary of
      certain of the pertinent provisions of which is set forth hereafter. To the
      extent not defined herein, capitalized terms used herein shall have the meaning
      ascribed to them in the Agreement. This Certificate is issued under and is
      subject to the terms, provisions and conditions of the Agreement, to which
      Agreement the Holder of this Certificate by virtue of its acceptance hereof
      assents and by which such Holder is bound.

     

    The
      Trustee will distribute on the 25th day of each month, or, if such 25th day
      is
      not a Business Day, the immediately following Business Day (each, a
“Distribution Date”), commencing on the First Distribution Date specified above,
      to the Person in whose name this Certificate is registered at the close of
      business on the last day (or if such last day is not a Business Day, the
      Business Day immediately preceding such last day) of the calendar month
      immediately preceding the month in which the Distribution Date occurs, an amount
      equal to the product of the Percentage Interest evidenced by this Certificate
      and the amounts required to be distributed to the Holders of Certificates of
      the
      same Class as this Certificate. 

     

    Distributions
      on this Certificate will be made by the Trustee by check mailed to the address
      of the Person entitled thereto as such name and address shall appear on the
      Certificate Register or, if such Person so requests by notifying the Trustee
      in
      writing as specified in the Agreement, by wire transfer. Notwithstanding the
      above, the final distribution on this Certificate will be made after due notice
      by the Trustee of the pendency of such distribution and only upon presentation
      and surrender of this Certificate at the office or agency appointed by the
      Trustee for that purpose and designated in such notice.

     

    No
      transfer of this Certificate shall be made unless the transfer is made pursuant
      to an effective registration statement under the Securities Act of 1933, as
      amended (the “1933 Act”), and an effective registration or qualification under
      applicable state securities laws, or is made in a transaction that does not
      require such registration or qualification. In the event that such a transfer
      of
      this Certificate is to be made without registration or qualification, the
      Trustee shall require receipt of (i) if such transfer is purportedly being
      made
      in reliance upon Rule 144A under the 1933 Act, written certifications from
      the
      Holder of the Certificate desiring to effect the transfer, and from such
      Holder’s prospective transferee, substantially in the forms attached to the
      Agreement as Exhibit D and either Exhibit E or Exhibit F, as applicable, and
      (ii) in all other cases, an Opinion of Counsel satisfactory to it that such
      transfer may be made without such registration or qualification (which Opinion
      of Counsel shall not be an expense of the Trust Fund or of the Depositor, the
      Trustee or the Master Servicer in their respective capacities as such), together
      with copies of the written certification(s) of the Holder of the Certificate
      desiring to effect the transfer and/or such Holder’s prospective transferee upon
      which such Opinion of Counsel is based. Neither the Depositor nor the Trustee
      is
      obligated to register or qualify the Class of Certificates specified on the
      face
      hereof under the 1933 Act or any other securities law or to take any action
      not
      otherwise required under the Agreement to permit the transfer of such
      Certificates without registration or qualification. Any Holder desiring to
      effect a transfer of this Certificate shall be required to indemnify the
      Trustee, the Depositor, the Sellers and the Master Servicer against any
      liability that may result if the transfer is not so exempt or is not made in
      accordance with such federal and state laws.

     

    No
      transfer of this Class [I-P][II-P] Certificate will be made unless either (i)
      the Trustee shall have received the Opinion of Counsel set forth in Section
      6.02(h) of the Agreement or (ii) the transferee of such Certificate provides
      a
      representation, or a deemed representation in the case of a Global Certificate,
      under Section 6.02(h) of the Agreement, in the form as described by the
      Agreement, to the effect that the transferee is not an employee benefit or
      other
      plan subject to the prohibited transaction provisions of ERISA or Section 4975
      of the Code (a “Plan”), or any other person (including an investment manager, a
      named fiduciary or a trustee of any Plan) acting, directly or indirectly, on
      behalf of or purchasing any Certificate with “plan assets” of any
      Plan.

     

    This
      Certificate is one of a duly authorized issue of Certificates designated as
      set
      forth on the face hereof (the “Certificates”). The Certificates, in the
      aggregate, evidence the entire beneficial ownership interest in the Trust Fund
      formed pursuant to the Agreement.

     

    The
      Certificateholder, by its acceptance of this Certificate, agrees that it will
      look solely to the Trust Fund for payment hereunder and that the Trustee is
      not
      liable to the Certificateholders for any amount payable under this Certificate
      or the Agreement or, except as expressly provided in the Agreement, subject
      to
      any liability under the Agreement.

     

    This
      Certificate does not purport to summarize the Agreement and reference is made
      to
      the Agreement for the interests, rights and limitations of rights, benefits,
      obligations and duties evidenced hereby, and the rights, duties and immunities
      of the Trustee.

     

    The
      Agreement permits, with certain exceptions therein provided, the amendment
      thereof and the modification of the rights and obligations of the Depositor
      and
      the rights of the Certificateholders under the Agreement from time to time
      by
      the parties thereto with the consent of the Holders of the Certificates
      evidencing over 50% of the Voting Rights of the Certificates in the aggregate,
      or, with the consent of the holders of the Certificates evidencing over 50%
      of
      the Voting Rights of the Certificates in the related Loan Group, or, with the
      consent of the Holders of each Class of Certificates affected thereby evidencing
      over 50% of the Voting Rights of such Class or Classes, in each case, as
      applicable. Any such consent by the Holder of this Certificate shall be
      conclusive and binding on such Holder and upon all future Holders of this
      Certificate and of any Certificate issued upon the transfer hereof or in lieu
      hereof whether or not notation of such consent is made upon this Certificate.
      The Agreement also permits the amendment thereof, in certain limited
      circumstances, without the consent of the Holders of any of the
      Certificates.

     

    As
      provided in the Agreement and subject to certain limitations therein set forth,
      the transfer of this Certificate is registrable with the Trustee upon surrender
      of this Certificate for registration of transfer at the offices or agencies
      maintained by the Trustee for such purposes, duly endorsed by, or accompanied
      by
      a written instrument of transfer in form satisfactory to the Trustee duly
      executed by the Holder hereof or such Holder’s attorney duly authorized in
      writing, and thereupon one or more new Certificates in authorized denominations
      representing a like aggregate Percentage Interest will be issued to the
      designated transferee.

     

    The
      Certificates are issuable only as registered Certificates without coupons in
      the
      Classes and denominations specified in the Agreement. As provided in the
      Agreement and subject to certain limitations therein set forth, this Certificate
      is exchangeable for one or more new Certificates evidencing the same Class
      and
      in the same aggregate Percentage Interest, as requested by the Holder
      surrendering the same.

     

    No
      service charge will be made to the Certificateholders for any such registration
      of transfer, but the Trustee may require payment of a sum sufficient to cover
      any tax or other governmental charge payable in connection therewith. The
      Depositor, the Master Servicer, the Trustee 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 Master Servicer, the
      Trustee or any such agent shall be affected by notice to the
      contrary.

     

    The
      obligations created by the Agreement and the Trust Fund relating to Loan Group
      [I][II] created thereby (other than the obligations to make payments to related
      Certificateholders with respect to the termination of the Agreement) shall
      terminate upon the earlier of (i) the later of (A) the maturity or other
      liquidation (or Advance with respect thereto) of the last Mortgage Loan
      remaining in the Trust Fund relating to Loan Group [I][II] and disposition
      of
      all property acquired upon foreclosure or deed in lieu of foreclosure of any
      Group [I][II] Mortgage Loan and (B) the remittance of all funds relating to
      Loan
      Group [I][II] due under the Agreement, or (ii) the optional repurchase by the
      party named in the Agreement of all the Mortgage Loans and other assets of
      the
      Trust Fund relating to Loan Group [I][II] in accordance with the terms of the
      Agreement. Such optional repurchase may be made only on or after the first
      Distribution Date on which the aggregate Stated Principal Balance of the Group
      [I][II] Mortgage Loans is less than or equal to a certain percentage of the
      aggregate Stated Principal Balance of the Group [I][II] Mortgage Loans as of
      the
      Cut-off Date as set forth in the Agreement. The exercise of such right will
      effect the early retirement of the Group [I][II] Certificates. In no event,
      however, will the Group [I][II] Sub-Trust created by the Agreement continue
      beyond the earlier of (i) the expiration of 21 years after the death of certain
      persons identified in the Agreement and (ii) the Latest Possible Maturity Date
      (as defined in the Agreement) related to Loan Group [I][II].

     

    Unless
      this Certificate has been countersigned by an authorized signatory of the
      Trustee by manual signature, this Certificate shall not be entitled to any
      benefit under the Agreement, or be valid for any purpose.

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    IN
      WITNESS WHEREOF, the Trustee has caused this Certificate to be duly

    executed.

     

    
      	
              Dated: _________,
                ____

            	 	 	
              LASALLE
                BANK NATIONAL ASSOCIATION,

              not
                in its individual capacity but solely as Trustee

            
	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	
              By:

            	 
	 	 	 	 	 	 	 	 	
              Authorized
                Signatory

            

    

    

     

    CERTIFICATE
      OF AUTHENTICATION

     

    This
      is
      one of the Class [I-P][II-P] Certificates referred to in the within-mentioned
      Agreement.

     

    
      	 	 	 	
              LASALLE
                BANK NATIONAL ASSOCIATION

              Authorized
                signatory of LaSalle Bank National Association, not in its individual
                capacity but solely as Trustee

            
	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	
              By:

            	 
	 	 	 	 	 	 	 	 	
              Authorized
                Signatory

            

    

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    ASSIGNMENT

     

    FOR
      VALUE
      RECEIVED, the undersigned hereby sell(s), assign(s) and transfer(s) unto
      __________________________________ (Please print or typewrite name and address
      including postal zip code of assignee) a Percentage Interest evidenced by the
      within Asset-Backed Certificate and hereby authorizes the transfer of
      registration of such interest to assignee on the Certificate Register of the
      Trust Fund.

     

    I
      (We)
      further direct the Certificate Registrar to issue a new Certificate of a like
      denomination and Class, to the above named assignee and deliver such Certificate
      to the following address:

     

    
      	 	 	 
	 	 	
              .

            

    

    

     

    
      	
              Dated:

            	 
	 	
              Signature
                by or on behalf of assignor

            
	 	 
	 	 
	 	
              Signature
                Guaranteed

            

    

    

    DISTRIBUTION
      INSTRUCTIONS

     

    The
      assignee should include the following for purposes of distribution:

     

    
      	
              Distributions
                shall be made, by wire transfer or otherwise, in immediately available
                

            
	
              funds
                to

            	 
	 
	
              for
                the account of

            	 
	
              account
                number

            	 	
              or,
                if mailed by check, to

            
	 
	
              Applicable
                statements should be mailed to

            	 
	 
	 
	
              This
                information is provided by

            	 
	
              assignee
                named above, or

            	 
	
              its
                agent.

            	 

    

     

    EXHIBIT
      A-4

     

    Form
      of
      Class [I][II]-CE Certificates

     

    THIS
      CERTIFICATE IS SUBORDINATED IN RIGHT OF PAYMENT TO THE SENIOR CERTIFICATES
      AND
      THE CLASS M CERTIFICATES AS DESCRIBED IN THE AGREEMENT (AS DEFINED
      BELOW).

     

    SOLELY
      FOR U.S. FEDERAL INCOME TAX PURPOSES, THIS CERTIFICATE REPRESENTS A “REGULAR
      INTEREST” IN A “REAL ESTATE MORTGAGE INVESTMENT CONDUIT,” AS THOSE TERMS ARE
      DEFINED, RESPECTIVELY, IN SECTIONS 860G AND 860D OF THE INTERNAL REVENUE CODE
      OF
      1986 (THE “CODE”).

     

    THIS
      CERTIFICATE HAS NOT BEEN AND WILL NOT BE REGISTERED UNDER THE SECURITIES ACT
      OF
      1933, AS AMENDED (THE “SECURITIES ACT”), OR UNDER ANY STATE SECURITIES LAWS. THE
      HOLDER HEREOF, BY PURCHASING THIS CERTIFICATE, AGREES THAT THIS CERTIFICATE
      MAY
      BE REOFFERED, RESOLD, PLEDGED OR OTHERWISE TRANSFERRED ONLY IN COMPLIANCE WITH
      THE SECURITIES ACT AND OTHER APPLICABLE LAWS AND ONLY (1) PURSUANT TO RULE
      144A
      UNDER THE SECURITIES ACT (“RULE 144A”) TO A PERSON THAT THE HOLDER REASONABLY
      BELIEVES IS A QUALIFIED INSTITUTIONAL BUYER WITHIN THE MEANING OF RULE 144A
      (A
“QIB”), PURCHASING FOR ITS OWN ACCOUNT OR A QIB PURCHASING FOR THE ACCOUNT OF A
      QIB, WHOM THE HOLDER HAS INFORMED, IN EACH CASE, THAT THE REOFFER, RESALE,
      PLEDGE OR OTHER TRANSFER IS BEING MADE IN RELIANCE ON RULE 144A, (2) PURSUANT
      TO
      AN EXEMPTION FROM REGISTRATION PROVIDED BY RULE 144 UNDER THE SECURITIES ACT
      (IF
      AVAILABLE) OR (3) IN CERTIFICATED FORM TO AN “INSTITUTIONAL ACCREDITED INVESTOR”
WITHIN THE MEANING THEREOF IN RULE 501(a)(1), (2), (3) or (7) OF REGULATION
      D
      UNDER THE ACT OR ANY ENTITY IN WHICH ALL OF THE EQUITY OWNERS COME WITHIN SUCH
      PARAGRAPHS PURCHASING NOT FOR DISTRIBUTION IN VIOLATION OF THE SECURITIES ACT,
      SUBJECT TO (A) THE RECEIPT BY THE TRUSTEE OF A LETTER SUBSTANTIALLY IN THE
      FORM
      PROVIDED IN THE AGREEMENT AND (B) THE RECEIPT BY THE TRUSTEE OF SUCH OTHER
      EVIDENCE ACCEPTABLE TO THE TRUSTEE THAT SUCH REOFFER, RESALE, PLEDGE OR TRANSFER
      IS IN COMPLIANCE WITH THE SECURITIES ACT AND OTHER APPLICABLE LAWS OR IN EACH
      CASE IN ACCORDANCE WITH ALL APPLICABLE SECURITIES LAWS OF THE UNITED STATES
      AND
      ANY OTHER APPLICABLE JURISDICTION.

     

    NO
      TRANSFER OF THIS CERTIFICATE MAY BE MADE TO ANY PERSON, UNLESS THE TRANSFEREE
      PROVIDES EITHER A CERTIFICATION PURSUANT TO SECTION 6.02(h) OF THE AGREEMENT
      OR
      AN OPINION OF COUNSEL SATISFACTORY TO THE TRUSTEE THAT THE PURCHASE AND HOLDING
      OF THIS CERTIFICATE ARE PERMISSIBLE UNDER APPLICABLE LAW, WILL NOT CONSTITUTE
      OR
      RESULT IN ANY NON-EXEMPT PROHIBITED TRANSACTIONS UNDER SECTION 406 OF THE
      EMPLOYEE RETIREMENT INCOME SECURITY ACT OF 1974, AS AMENDED (“ERISA”) OR SECTION
      4975 OF THE CODE AND WILL NOT SUBJECT THE TRUSTEE, MASTER SERVICER OR THE
      DEPOSITOR TO ANY OBLIGATION OR LIABILITY IN ADDITION TO THOSE UNDERTAKEN IN
      THE
      AGREEMENT.

     

    NO
      TRANSFER OF ANY CLASS [I][II]-CE CERTIFICATE SHALL BE MADE UNLESS THE PROPOSED
      TRANSFEREE OF SUCH CLASS [I][II]-CE CERTIFICATE PROVIDES TO THE TRUSTEE THE
      APPROPRIATE TAX CERTIFICATION FORM THAT WOULD ELIMINATE ANY WITHHOLDING OR
      DEDUCTION FOR TAXES FROM AMOUNTS PAYABLE TO THE SWAP ADMINISTRATOR, ON BEHALF
      OF
      THE RELATED SUPPLEMENTAL INTEREST TRUST, PURSUANT TO THE RELATED INTEREST RATE
      SWAP AGREEMENT BY THE RELATED SWAP PROVIDER (I.E., IRS FORM W-9 OR IRS FORM
      W-8BEN, W-8IMY, W-8EXP OR W-8ECI, AS APPLICABLE (OR ANY SUCCESSOR FORM THERETO))
      AND AGREES TO UPDATE SUCH FORMS (I) UPON EXPIRATION OF ANY SUCH FORM, (II)
      AS
      REQUIRED UNDER THEN APPLICABLE U.S. TREASURY REGULATIONS AND (III) PROMPTLY
      UPON
      LEARNING THAT SUCH FORM HAS BECOME OBSOLETE OR INCORRECT, AND IN THE CASE OF
      ANY
      TRANSFER OF THE CLASS [I][II]-CE CERTIFICATES THAT WOULD CAUSE THE RELATED
      SUPPLEMENTAL INTEREST TRUST TO BE BENEFICIALLY OWNED BY TWO OR MORE PERSONS
      FOR
      FEDERAL INCOME TAX PURPOSES, AGREES TO COMPLY WITH SUCH OTHER PROVISIONS IN
      THE
      AGREEMENT AS MAY APPLY IN SUCH CASE, EACH AS A CONDITION TO SUCH TRANSFER.
      UNDER
      THE AGREEMENT, UPON RECEIPT OF ANY SUCH TAX CERTIFICATION FORM FROM A TRANSFEREE
      OF ANY CLASS [I][II]-CE CERTIFICATE, THE TRUSTEE SHALL FORWARD SUCH TAX
      CERTIFICATION FORM PROVIDED TO IT TO THE RELATED SUPPLEMENTAL INTEREST TRUST
      TRUSTEE. THE RELATED SUPPLEMENTAL INTEREST TRUST TRUSTEE SHALL FORWARD SUCH
      TAX
      CERTIFICATION FORM PROVIDED TO IT TO THE RELATED SWAP PROVIDER. EACH HOLDER
      OF A
      CLASS [I][II]-CE CERTIFICATE AND EACH TRANSFEREE THEREOF SHALL BE DEEMED TO
      HAVE
      CONSENTED TO THE RELATED SUPPLEMENTAL INTEREST TRUST TRUSTEE FORWARDING TO
      THE
      RELATED SWAP PROVIDER ANY SUCH TAX CERTIFICATION FORM IT HAS PROVIDED AND
      UPDATED IN ACCORDANCE WITH THESE TRANSFER RESTRICTIONS. ANY PURPORTED SALES
      OR
      TRANSFERS OF ANY CLASS [I][II]-CE CERTIFICATE TO A TRANSFEREE WHICH DOES NOT
      COMPLY WITH THESE REQUIREMENTS SHALL BE DEEMED NULL AND VOID UNDER THE
      AGREEMENT.

    
 

    
      	
              Certificate
                No. 1

            	
              Percentage
                Interest: 100%

            
	 	 
	
              Class
                [I-CE][II-CE]

            	
              Adjustable
                Rate

            
	 	 
	
              Date
                of Pooling and Servicing Agreement 

              and
                Cut-off Date: November 1, 2006

            	
              Initial
                Certificate Notional Amount of this Certificate as of the Cut-off
                Date:

              $[__________]

            
	 	 
	
              First
                Distribution Date:

              December
                26, 2006

            	
              Aggregate
                Certificate Notional Amount of this Certificate as of the Cut-off
                Date:

              $[__________]

            
	 	 
	
              Master
                Servicer:

              EMC
                Mortgage Corporation

            	
              CUSIP:
                [_____]

            
	 	 
	
              Last
                Scheduled Distribution Date:

              October
                25, 2036

            	 
	 	 

    

    

    ASSET-BACKED
      CERTIFICATE

     

    SERIES
      2006-AQ1

     

    evidencing
      a fractional undivided interest in the distributions allocable to the Class
      [I-CE][II-CE] Certificates with respect to a Trust Fund consisting primarily
      of
      a pool of conventional, closed-end, first and second lien, subprime, one-to-four
      family fixed and adjustable interest rate mortgage loans sold by BEAR STEARNS
      ASSET BACKED SECURITIES I LLC.

     

    This
      Certificate is payable solely from the assets of the Trust Fund relating to
      Loan
      Group [I][II], and does not represent an obligation of or interest in Bear
      Stearns Asset Backed Securities I LLC, the Master Servicer or the Trustee
      referred to below or any of their affiliates or any other person. Neither this
      Certificate nor the underlying Mortgage Loans are guaranteed or insured by
      any
      governmental entity or by Bear Stearns Asset Backed Securities I LLC, the Master
      Servicer or the Trustee or any of their affiliates or any other person. None
      of
      Bear Stearns Asset Backed Securities I LLC, the Master Servicer or any of their
      affiliates will have any obligation with respect to any certificate or other
      obligation secured by or payable from payments on the Certificates.

     

    This
      certifies that Bear, Stearns Securities Corp. is the registered owner of the
      Percentage Interest evidenced hereby in the beneficial ownership interest of
      Certificates of the same Class as this Certificate in a trust (the “Trust Fund”)
      generally consisting conventional, closed-end, first and second lien, fixed
      and
      adjustable rate mortgage loans secured by one- to four-family residences
      (collectively, the “Mortgage Loans”) sold by Bear Stearns Asset Backed
      Securities I LLC (“BSABS I”). The Mortgage Loans were sold by EMC Mortgage
      Corporation (“EMC”) and Master Funding LLC (“Master Funding LLC”, and together
      with EMC, the “Sellers”) to BSABS I. EMC will act as master servicer of the
      Mortgage Loans (in that capacity, the “Master Servicer,” which term includes any
      successors thereto under the Agreement referred to below). The Trust Fund was
      created pursuant to the Pooling and Servicing Agreement, dated as of the Cut-off
      Date specified above (the “Agreement”), among BSABS I, as depositor (the
“Depositor”), EMC Mortgage Corporation, as seller and as Master Servicer, and
      LaSalle Bank National Association, as trustee (the “Trustee”), a summary of
      certain of the pertinent provisions of which is set forth hereafter. To the
      extent not defined herein, capitalized terms used herein shall have the meaning
      ascribed to them in the Agreement. This Certificate is issued under and is
      subject to the terms, provisions and conditions of the Agreement, to which
      Agreement the Holder of this Certificate by virtue of its acceptance hereof
      assents and by which such Holder is bound.

     

    The
      Trustee will distribute on the 25th day of each month, or, if such 25th day
      is
      not a Business Day, the immediately following Business Day (each, a
“Distribution Date”), commencing on the First Distribution Date specified above,
      to the Person in whose name this Certificate is registered at the close of
      business on the last day (or if such last day is not a Business Day, the
      Business Day immediately preceding such last day) of the calendar month
      immediately preceding the month in which the Distribution Date occurs, an amount
      equal to the product of the Percentage Interest evidenced by this Certificate
      and the amounts required to be distributed to the Holders of Certificates of
      the
      same Class as this Certificate. 

     

    Distributions
      on this Certificate will be made by the Trustee by check mailed to the address
      of the Person entitled thereto as such name and address shall appear on the
      Certificate Register or, if such Person so requests by notifying the Trustee
      in
      writing as specified in the Agreement, by wire transfer. Notwithstanding the
      above, the final distribution on this Certificate will be made after due notice
      by the Trustee of the pendency of such distribution and only upon presentation
      and surrender of this Certificate at the office or agency appointed by the
      Trustee for that purpose and designated in such notice.

     

    No
      transfer of this Certificate shall be made unless the transfer is made pursuant
      to an effective registration statement under the Securities Act of 1933, as
      amended (the “1933 Act”), and an effective registration or qualification under
      applicable state securities laws, or is made in a transaction that does not
      require such registration or qualification. In the event that such a transfer
      of
      this Certificate is to be made without registration or qualification, the
      Trustee shall require receipt of (i) if such transfer is purportedly being
      made
      in reliance upon Rule 144A under the 1933 Act, written certifications from
      the
      Holder of the Certificate desiring to effect the transfer, and from such
      Holder’s prospective transferee, substantially in the forms attached to the
      Agreement as Exhibit D and either Exhibit E or Exhibit F, as applicable, and
      (ii) in all other cases, an Opinion of Counsel satisfactory to it that such
      transfer may be made without such registration or qualification (which Opinion
      of Counsel shall not be an expense of the Trust Fund or of the Depositor, the
      Trustee, or the Master Servicer in their respective capacities as such),
      together with copies of the written certification(s) of the Holder of the
      Certificate desiring to effect the transfer and/or such Holder’s prospective
      transferee upon which such Opinion of Counsel is based. Neither the Depositor
      nor the Trustee is obligated to register or qualify the Class of Certificates
      specified on the face hereof under the 1933 Act or any other securities law
      or
      to take any action not otherwise required under the Agreement to permit the
      transfer of such Certificates without registration or qualification. Any Holder
      desiring to effect a transfer of this Certificate shall be required to indemnify
      the Trustee, the Depositor, the Sellers and the Master Servicer against any
      liability that may result if the transfer is not so exempt or is not made in
      accordance with such federal and state laws.

     

    No
      transfer of this Class [I-CE][II-CE] Certificate will be made unless either
      (i)
      the Trustee shall have received the Opinion of Counsel set forth in Section
      6.02(h) of the Agreement or (ii) the transferee of such Certificate provides
      a
      representation, or a deemed representation in the case of a Global Certificate,
      under Section 6.02(h) of the Agreement, in the form as described by the
      Agreement, to the effect that the transferee is not an employee benefit or
      other
      plan subject to the prohibited transaction provisions of ERISA or Section 4975
      of the Code (a “Plan”), or any other person (including an investment manager, a
      named fiduciary or a trustee of any Plan) acting, directly or indirectly, on
      behalf of or purchasing any Certificate with “plan assets” of any
      Plan.

     

    This
      Certificate is one of a duly authorized issue of Certificates designated as
      set
      forth on the face hereof (the “Certificates”). The Certificates, in the
      aggregate, evidence the entire beneficial ownership interest in the Trust Fund
      formed pursuant to the Agreement.

     

    The
      Certificateholder, by its acceptance of this Certificate, agrees that it will
      look solely to the Trust Fund for payment hereunder and that the Trustee is
      not
      liable to the Certificateholders for any amount payable under this Certificate
      or the Agreement or, except as expressly provided in the Agreement, subject
      to
      any liability under the Agreement.

     

    This
      Certificate does not purport to summarize the Agreement and reference is made
      to
      the Agreement for the interests, rights and limitations of rights, benefits,
      obligations and duties evidenced hereby, and the rights, duties and immunities
      of the Trustee.

     

    The
      Agreement permits, with certain exceptions therein provided, the amendment
      thereof and the modification of the rights and obligations of the Depositor
      and
      the rights of the Certificateholders under the Agreement from time to time
      by
      the parties thereto with the consent of the Holders of the Certificates
      evidencing over 50% of the Voting Rights of the Certificates in the aggregate,
      or, with the consent of the holders of the Certificates evidencing over 50%
      of
      the Voting Rights of the Certificates in the related Loan Group, or, with the
      consent of the Holders of each Class of Certificates affected thereby evidencing
      over 50% of the Voting Rights of such Class or Classes, in each case, as
      applicable. Any such consent by the Holder of this Certificate shall be
      conclusive and binding on such Holder and upon all future Holders of this
      Certificate and of any Certificate issued upon the transfer hereof or in lieu
      hereof whether or not notation of such consent is made upon this Certificate.
      The Agreement also permits the amendment thereof, in certain limited
      circumstances, without the consent of the Holders of any of the
      Certificates.

     

    As
      provided in the Agreement and subject to certain limitations therein set forth,
      the transfer of this Certificate is registrable with the Trustee upon surrender
      of this Certificate for registration of transfer at the offices or agencies
      maintained by the Trustee for such purposes, duly endorsed by, or accompanied
      by
      a written instrument of transfer in form satisfactory to the Trustee duly
      executed by the Holder hereof or such Holder’s attorney duly authorized in
      writing, and thereupon one or more new Certificates in authorized denominations
      representing a like aggregate Percentage Interest will be issued to the
      designated transferee.

     

    The
      Certificates are issuable only as registered Certificates without coupons in
      the
      Classes and denominations specified in the Agreement. As provided in the
      Agreement and subject to certain limitations therein set forth, this Certificate
      is exchangeable for one or more new Certificates evidencing the same Class
      and
      in the same aggregate Percentage Interest, as requested by the Holder
      surrendering the same.

     

    No
      service charge will be made to the Certificateholders for any such registration
      of transfer, but the Trustee may require payment of a sum sufficient to cover
      any tax or other governmental charge payable in connection therewith. The
      Depositor, the Master Servicer, the Trustee 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 Master Servicer, the
      Trustee or any such agent shall be affected by notice to the
      contrary.

     

    The
      obligations created by the Agreement and the Trust Fund relating to Loan Group
      [I][II] created thereby (other than the obligations to make payments to related
      Certificateholders with respect to the termination of the Agreement) shall
      terminate upon the earlier of (i) the later of (A) the maturity or other
      liquidation (or Advance with respect thereto) of the last Mortgage Loan
      remaining in the Trust Fund relating to Loan Group [I][II] and disposition
      of
      all property acquired upon foreclosure or deed in lieu of foreclosure of any
      Group [I][II] Mortgage Loan and (B) the remittance of all funds relating to
      Loan
      Group [I][II] due under the Agreement, or (ii) the optional repurchase by the
      party named in the Agreement of all the Mortgage Loans and other assets of
      the
      Trust Fund relating to Loan Group [I][II] in accordance with the terms of the
      Agreement. Such optional repurchase may be made only on or after the first
      Distribution Date on which the aggregate Stated Principal Balance of the Group
      [I][II] Mortgage Loans is less than or equal to a certain percentage of the
      aggregate Stated Principal Balance of the Group [I][II] Mortgage Loans as of
      the
      Cut-off Date as set forth in the Agreement. The exercise of such right will
      effect the early retirement of the Group [I][II] Certificates. In no event,
      however, will the Group [I][II] Sub-Trust created by the Agreement continue
      beyond the earlier of (i) the expiration of 21 years after the death of certain
      persons identified in the Agreement and (ii) the Latest Possible Maturity Date
      (as defined in the Agreement) related to Loan Group [I][II].

     

    Unless
      this Certificate has been countersigned by an authorized signatory of the
      Trustee by manual signature, this Certificate shall not be entitled to any
      benefit under the Agreement, or be valid for any purpose.

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    IN
      WITNESS WHEREOF, the Trustee has caused this Certificate to be duly
      executed.

     

    
      	
              Dated: _________,
                ____

            	 	 	
              LASALLE
                BANK NATIONAL ASSOCIATION,

              not
                in its individual capacity but solely as Trustee

            
	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	
              By:

            	 
	 	 	 	 	 	 	 	 	
              Authorized
                Signatory

            

    

    

     

    CERTIFICATE
      OF AUTHENTICATION

     

    This
      is
      one of the Class [I-CE][II-CE] Certificates referred to in the within-mentioned
      Agreement.

     

    
      	 	 	 	
              LASALLE
                BANK NATIONAL ASSOCIATION

              Authorized
                signatory of LaSalle Bank National Association, not in its individual
                capacity but solely as Trustee

            
	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	
              By:

            	 
	 	 	 	 	 	 	 	 	
              Authorized
                Signatory

            

    

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    ASSIGNMENT

     

    FOR
      VALUE
      RECEIVED, the undersigned hereby sell(s), assign(s) and transfer(s) unto
      __________________________________ (Please print or typewrite name and address
      including postal zip code of assignee) a Percentage Interest evidenced by the
      within Asset-Backed Certificate and hereby authorizes the transfer of
      registration of such interest to assignee on the Certificate Register of the
      Trust Fund.

     

    I
      (We)
      further direct the Certificate Registrar to issue a new Certificate of a like
      denomination and Class, to the above named assignee and deliver such Certificate
      to the following address:

     

    
      	 	 	 
	 	 	
              .

            

    

    

     

    
      	
              Dated:

            	 
	 	
              Signature
                by or on behalf of assignor

            
	 	 
	 	 
	 	
              Signature
                Guaranteed

            

    

    

     

    DISTRIBUTION
      INSTRUCTIONS

     

    The
      assignee should include the following for purposes of distribution:

     

    
      	
              Distributions
                shall be made, by wire transfer or otherwise, in immediately available
                

            
	
              funds
                to

            	 
	 
	
              for
                the account of

            	 
	
              account
                number

            	 	
              or,
                if mailed by check, to

            
	 
	
              Applicable
                statements should be mailed to

            	 
	 
	 
	
              This
                information is provided by

            	 
	
              assignee
                named above, or

            	 
	
              its
                agent.

            	 

    

     

    EXHIBIT
      A-5

     

    Form
      of
      Class R Certificates

     

    THIS
      CERTIFICATE MAY NOT BE HELD BY OR TRANSFERRED TO A NON-UNITED STATES PERSON
      OR A
      DISQUALIFIED ORGANIZATION (AS DEFINED BELOW).

     

    SOLELY
      FOR U.S. FEDERAL INCOME TAX PURPOSES, THIS CERTIFICATE IS A “RESIDUAL INTEREST”
IN A “REAL ESTATE MORTGAGE INVESTMENT CONDUIT” AS THOSE TERMS ARE DEFINED,
      RESPECTIVELY, IN SECTIONS 860G AND 860D OF THE INTERNAL REVENUE CODE OF 1986
      (THE “CODE”).

     

    NO
      TRANSFER OF THIS CERTIFICATE MAY BE MADE TO ANY PERSON, UNLESS THE TRANSFEREE
      PROVIDES EITHER A CERTIFICATION PURSUANT TO SECTION 6.02(h) OF THE AGREEMENT
      OR
      AN OPINION OF COUNSEL SATISFACTORY TO THE TRUSTEE THAT THE PURCHASE AND HOLDING
      OF THIS CERTIFICATE ARE PERMISSIBLE UNDER APPLICABLE LAW, WILL NOT CONSTITUTE
      OR
      RESULT IN ANY NON-EXEMPT PROHIBITED TRANSACTIONS UNDER SECTION 406 OF THE
      EMPLOYEE RETIREMENT INCOME SECURITY ACT OF 1974, AS AMENDED (“ERISA”) OR SECTION
      4975 OF THE CODE AND WILL NOT SUBJECT THE TRUSTEE, MASTER SERVICER OR THE
      DEPOSITOR TO ANY OBLIGATION OR LIABILITY IN ADDITION TO THOSE UNDERTAKEN IN
      THE
      AGREEMENT.

     

    ANY
      RESALE, TRANSFER OR OTHER DISPOSITION OF THIS CERTIFICATE MAY BE MADE ONLY
      IF
      THE PROPOSED TRANSFEREE PROVIDES A TRANSFER AFFIDAVIT TO THE MASTER SERVICER
      AND
      THE TRUSTEE THAT (1) SUCH TRANSFEREE IS NOT (A) THE UNITED STATES, ANY STATE
      OR
      POLITICAL SUBDIVISION THEREOF, ANY POSSESSION OF THE UNITED STATES, OR ANY
      AGENCY OR INSTRUMENTALITY OF ANY OF THE FOREGOING (OTHER THAN AN INSTRUMENTALITY
      WHICH IS A CORPORATION IF ALL OF ITS ACTIVITIES ARE SUBJECT TO TAX AND EXCEPT
      FOR FREDDIE MAC, A MAJORITY OF ITS BOARD OF DIRECTORS IS NOT SELECTED BY SUCH
      GOVERNMENTAL UNIT), (B) A FOREIGN GOVERNMENT, ANY INTERNATIONAL ORGANIZATION,
      OR
      ANY AGENCY OR INSTRUMENTALITY OF EITHER OF THE FOREGOING, (C) ANY ORGANIZATION
      (OTHER THAN CERTAIN FARMERS’ COOPERATIVES DESCRIBED IN SECTION 521 OF THE CODE)
      WHICH IS EXEMPT FROM THE TAX IMPOSED BY CHAPTER 1 OF THE CODE UNLESS SUCH
      ORGANIZATION IS SUBJECT TO THE TAX IMPOSED BY SECTION 511 OF THE CODE (INCLUDING
      THE TAX IMPOSED BY SECTION 511 OF THE CODE ON UNRELATED BUSINESS TAXABLE
      INCOME), (D) RURAL ELECTRIC AND TELEPHONE COOPERATIVES DESCRIBED IN SECTION
      1381(a)(2)(C) OF THE CODE, (E) AN ELECTING LARGE PARTNERSHIP UNDER SECTION
      775(a) OF THE CODE (ANY SUCH PERSON DESCRIBED IN THE FOREGOING CLAUSES (A),
      (B),
      (C), (D) OR (E) BEING HEREIN REFERRED TO AS A “DISQUALIFIED ORGANIZATION”), OR
      (F) AN AGENT OF A DISQUALIFIED ORGANIZATION, (2) SUCH TRANSFEREE IS A UNITED
      STATES PERSON UNDER SECTION 7701 OF THE CODE, (3) NO PURPOSE OF SUCH TRANSFER
      IS
      TO IMPEDE THE ASSESSMENT OR COLLECTION OF TAX AND (4) SUCH TRANSFEREE SATISFIES
      CERTAIN ADDITIONAL CONDITIONS RELATING TO THE FINANCIAL CONDITION OF THE
      PROPOSED TRANSFEREE. NOTWITHSTANDING THE REGISTRATION IN THE CERTIFICATE
      REGISTER OR ANY TRANSFER, SALE OR OTHER DISPOSITION OF THIS CERTIFICATE TO
      A
      DISQUALIFIED ORGANIZATION OR AN AGENT OF A DISQUALIFIED ORGANIZATION, SUCH
      REGISTRATION SHALL BE DEEMED TO BE OF NO LEGAL FORCE OR EFFECT WHATSOEVER AND
      SUCH PERSON SHALL NOT BE DEEMED TO BE A CERTIFICATEHOLDER FOR ANY PURPOSE
      HEREUNDER, INCLUDING, BUT NOT LIMITED TO, THE RECEIPT OF DISTRIBUTIONS ON THIS
      CERTIFICATE. EACH HOLDER OF THIS CERTIFICATE BY ACCEPTANCE OF THIS CERTIFICATE
      SHALL BE DEEMED TO HAVE CONSENTED TO THE PROVISIONS OF THIS
      PARAGRAPH.

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    

    
      	
              Certificate
                No.1

            	 
	 	 
	
              Class
                [I-R-1][I-R-2][I-R-3][I-RX][II-R-1]

              [II-RX]

            	
              Percentage
                Interest: 100%

            
	 	 
	
              Date
                of Pooling and Servicing Agreement and Cut-off Date: November 1,
                2006

            	 
	 	 
	
              First
                Distribution Date:

              December
                26, 2006

            	 
	 	 
	
              Master
                Servicer:

              EMC
                Mortgage Corporation

            	
              CUSIP:
                [_____]

            
	 	 
	
              Last
                Scheduled Distribution Date:

              October
                25, 2036

            	 
	 	 

    

    

    ASSET-BACKED
      CERTIFICATE

     

    SERIES
      2006-AQ1

     

    evidencing
      a fractional undivided interest in the distributions allocable to the Class
      [I-R-1][I-R-2][I-R-3][I-RX][II-R-1][II-RX] Certificates with respect to a Trust
      Fund consisting primarily of a pool of conventional, closed-end, first and
      second lien, subprime, one- to four-family fixed and adjustable interest rate
      mortgage loans sold by BEAR STEARNS ASSET BACKED SECURITIES I LLC.

     

    This
      Certificate is payable solely from the assets of the Trust Fund relating to
      Loan
      Group [I][II], and does not represent an obligation of or interest in Bear
      Stearns Asset Backed Securities I LLC, the Master Servicer or the Trustee
      referred to below or any of their affiliates or any other person. Neither this
      Certificate nor the underlying Mortgage Loans are guaranteed or insured by
      any
      governmental entity or by Bear Stearns Asset Backed Securities I LLC, the Master
      Servicer, the Trustee or any of their affiliates or any other person. None
      of
      Bear Stearns Asset Backed Securities I LLC, the Master Servicer or any of their
      affiliates will have any obligation with respect to any certificate or other
      obligation secured by or payable from payments on the Certificates.

     

    This
      certifies that Bear, Stearns Securities Corp. is the registered owner of the
      Percentage Interest evidenced hereby in the beneficial ownership interest of
      Certificates of the same Class as this Certificate in a trust (the “Trust Fund”)
      generally consisting of conventional, closed-end, first and second lien,
      subprime, fixed and adjustable rate mortgage loans secured by one- to four-
      family residences (collectively, the “Mortgage Loans”) sold by Bear Stearns
      Asset Backed Securities I LLC (“BSABS I”). The Mortgage Loans were sold by EMC
      Mortgage Corporation (“EMC”) and Master Funding LLC to BSABS I. EMC will act as
      master servicer of the Mortgage Loans (in that capacity, the “Master Servicer,”
which term includes any successors thereto under the Agreement referred to
      below). The Trust Fund was created pursuant to the Pooling and Servicing
      Agreement, dated as of the Cut-off Date specified above (the “Agreement”), among
      BSABS I, as depositor (the “Depositor”), EMC Mortgage Corporation, as seller and
      as Master Servicer, and LaSalle Bank National Association, as trustee (the
      “Trustee”), a summary of certain of the pertinent provisions of which is set
      forth hereafter. To the extent not defined herein, capitalized terms used herein
      shall have the meaning ascribed to them in the Agreement. This Certificate
      is
      issued under and is subject to the terms, provisions and conditions of the
      Agreement, to which Agreement the Holder of this Certificate by virtue of its
      acceptance hereof assents and by which such Holder is bound.

     

    Each
      Holder of this Certificate will be deemed to have agreed to be bound by
      the

    restrictions
      set forth in the Agreement to the effect that (i) each person holding or
      acquiring any Ownership Interest in this Certificate must be a Permitted
      Transferee, (ii) the transfer of any Ownership Interest in this Certificate
      will
      be conditioned upon the delivery to the Trustee of, among other things, an
      affidavit to the effect that it is a Permitted Transferee, (iii) any attempted
      or purported transfer of any Ownership Interest in this Certificate in violation
      of such restrictions will be absolutely null and void and will vest no rights
      in
      the purported transferee, and (iv) if any person other than a Permitted
      Transferee acquires any Ownership Interest in this Certificate in violation
      of
      such restrictions, then the Depositor will have the right, in its sole
      discretion and without notice to the Holder of this Certificate, to sell this
      Certificate to a purchaser selected by the Depositor, which purchaser may be
      the
      Depositor, or any affiliate of the Depositor, on such terms and conditions
      as
      the Depositor may choose.

     

    The
      Trustee will distribute on the 25th day of each month, or, if such 25th day
      is
      not a Business Day, the immediately following Business Day (each, a
“Distribution Date”), commencing on the First Distribution Date specified above,
      to the Person in whose name this Certificate is registered at the close of
      business on the last day (or if such last day is not a Business Day, the
      Business Day immediately preceding such last day) of the calendar month
      immediately preceding the month in which the Distribution Date occurs, an amount
      equal to the product of the Percentage Interest evidenced by this Certificate
      and the amounts required to be distributed to the Holders of Certificates of
      the
      same Class as this Certificate. 

     

    Distributions
      on this Certificate will be made by the Trustee by check mailed to the address
      of the Person entitled thereto as such name and address shall appear on the
      Certificate Register or, if such Person so requests by notifying the Trustee
      in
      writing as specified in the Agreement, by wire transfer. Notwithstanding the
      above, the final distribution on this Certificate will be made after due notice
      by the Trustee of the pendency of such distribution and only upon presentation
      and surrender of this Certificate at the office or agency appointed by the
      Trustee for that purpose and designated in such notice.

     

    No
      transfer of this Class [I-R-1][I-R-2][I-R-3][I-RX][II-R-1][II-RX] Certificate
      will be made unless either (i) the Trustee shall have received the Opinion
      of
      Counsel set forth in Section 6.02(h) of the Agreement or (ii) the transferee
      of
      such Certificate provides a representation, or a deemed representation in the
      case of a Global Certificate, under Section 6.02(h) of the Agreement, in the
      form as described by the Agreement, to the effect that the transferee is not
      an
      employee benefit or other plan subject to the prohibited transaction provisions
      of ERISA or Section 4975 of the Code (a “Plan”), or any other person (including
      an investment manager, a named fiduciary or a trustee of any Plan) acting,
      directly or indirectly, on behalf of or purchasing any Certificate with “plan
      assets” of any Plan.

     

    This
      Certificate is one of a duly authorized issue of Certificates designated as
      set
      forth on the face hereof (the “Certificates”). The Certificates, in the
      aggregate, evidence the entire beneficial ownership interest in the Trust Fund
      formed pursuant to the Agreement.

     

    The
      Certificateholder, by its acceptance of this Certificate, agrees that it will
      look solely to the Trust Fund for payment hereunder and that the Trustee is
      not
      liable to the Certificateholders for any amount payable under this Certificate
      or the Agreement or, except as expressly provided in the Agreement, subject
      to
      any liability under the Agreement.

     

    This
      Certificate does not purport to summarize the Agreement and reference is made
      to
      the Agreement for the interests, rights and limitations of rights, benefits,
      obligations and duties evidenced hereby, and the rights, duties and immunities
      of the Trustee.

     

    The
      Agreement permits, with certain exceptions therein provided, the amendment
      thereof and the modification of the rights and obligations of the Depositor
      and
      the rights of the Certificateholders under the Agreement from time to time
      by
      the parties thereto with the consent of the Holders of the Certificates
      evidencing over 50% of the Voting Rights of the Certificates in the aggregate,
      or, with the consent of the holders of the Certificates evidencing over 50%
      of
      the Voting Rights of the Certificates in the related Loan Group, or, with the
      consent of the Holders of each Class of Certificates affected thereby evidencing
      over 50% of the Voting Rights of such Class or Classes, in each case, as
      applicable. Any such consent by the Holder of this Certificate shall be
      conclusive and binding on such Holder and upon all future Holders of this
      Certificate and of any Certificate issued upon the transfer hereof or in lieu
      hereof whether or not notation of such consent is made upon this Certificate.
      The Agreement also permits the amendment thereof, in certain limited
      circumstances, without the consent of the Holders of any of the
      Certificates.

     

    As
      provided in the Agreement and subject to certain limitations therein set forth,
      the transfer of this Certificate is registrable with the Trustee upon surrender
      of this Certificate for registration of transfer at the offices or agencies
      maintained by the Trustee for such purposes, duly endorsed by, or accompanied
      by
      a written instrument of transfer in form satisfactory to the Trustee duly
      executed by the Holder hereof or such Holder’s attorney duly authorized in
      writing, and thereupon one or more new Certificates in authorized denominations
      representing a like aggregate Percentage Interest will be issued to the
      designated transferee.

     

    The
      Certificates are issuable only as registered Certificates without coupons in
      the
      Classes and denominations specified in the Agreement. As provided in the
      Agreement and subject to certain limitations therein set forth, this Certificate
      is exchangeable for one or more new Certificates evidencing the same Class
      and
      in the same aggregate Percentage Interest, as requested by the Holder
      surrendering the same.

     

    No
      service charge will be made to the Certificateholders for any such registration
      of transfer, but the Trustee may require payment of a sum sufficient to cover
      any tax or other governmental charge payable in connection therewith. The
      Depositor, the Master Servicer, the Trustee 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 Depositor, the Master Servicer, the Trustee
      or any such agent shall be affected by notice to the contrary.

     

    The
      obligations created by the Agreement and the Trust Fund relating to Loan Group
      [I][II] created thereby (other than the obligations to make payments to related
      Certificateholders with respect to the termination of the Agreement) shall
      terminate upon the earlier of (i) the later of (A) the maturity or other
      liquidation (or Advance with respect thereto) of the last Mortgage Loan
      remaining in the Trust Fund relating to Loan Group [I][II] and disposition
      of
      all property acquired upon foreclosure or deed in lieu of foreclosure of any
      Group [I][II] Mortgage Loan and (B) the remittance of all funds relating to
      Loan
      Group [I][II] due under the Agreement, or (ii) the optional repurchase by the
      party named in the Agreement of all the Mortgage Loans and other assets of
      the
      Trust Fund relating to Loan Group [I][II] in accordance with the terms of the
      Agreement. Such optional repurchase may be made only on or after the first
      Distribution Date on which the aggregate Stated Principal Balance of the Group
      [I][II] Mortgage Loans is less than or equal to a certain percentage of the
      aggregate Stated Principal Balance of the Group [I][II] Mortgage Loans as of
      the
      Cut-off Date as set forth in the Agreement. The exercise of such right will
      effect the early retirement of the Group [I][II] Certificates. In no event,
      however, will the Group [I][II] Sub-Trust created by the Agreement continue
      beyond the earlier of (i) the expiration of 21 years after the death of certain
      persons identified in the Agreement and (ii) the Latest Possible Maturity Date
      (as defined in the Agreement) related to Loan Group [I][II].

     

    Unless
      this Certificate has been countersigned by an authorized signatory of the
      Trustee by manual signature, this Certificate shall not be entitled to any
      benefit under the Agreement, or be valid for any purpose.

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    IN
      WITNESS WHEREOF, the Trustee has caused this Certificate to be duly
      executed.

     

    
      	
              Dated: _________,
                ____

            	 	 	
              LASALLE
                BANK NATIONAL ASSOCIATION,

              not
                in its individual capacity but solely as Trustee

            
	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	
              By:

            	 
	 	 	 	 	 	 	 	 	
              Authorized
                Signatory

            

    

    

     

    CERTIFICATE
      OF AUTHENTICATION

     

    This
      is
      one of the Class [I-R-1][I-R-2][I-R-3][I-RX][II-R-1][II-RX] Certificates
      referred to in the within-mentioned Agreement.

     

    
      	 	 	 	
              LASALLE
                BANK NATIONAL ASSOCIATION

              Authorized
                signatory of LaSalle Bank National Association, not in its individual
                capacity but solely as Trustee

            
	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	
              By:

            	 
	 	 	 	 	 	 	 	 	
              Authorized
                Signatory

            

    

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    ASSIGNMENT

     

    FOR
      VALUE
      RECEIVED, the undersigned hereby sell(s), assign(s) and transfer(s) unto
      __________________________________ (Please print or typewrite name and address
      including postal zip code of assignee) a Percentage Interest evidenced by the
      within Asset-Backed Certificate and hereby authorizes the transfer of
      registration of such interest to assignee on the Certificate Register of the
      Trust Fund.

     

    I
      (We)
      further direct the Certificate Registrar to issue a new Certificate of a like
      denomination and Class, to the above named assignee and deliver such Certificate
      to the following address:

     

    
      	 	 	 
	 	 	
              .

            

    

    

     

    
      	
              Dated:

            	 
	 	
              Signature
                by or on behalf of assignor

            
	 	 
	 	 
	 	
              Signature
                Guaranteed

            

    

    

     

    DISTRIBUTION
      INSTRUCTIONS

     

    The
      assignee should include the following for purposes of distribution:

     

    
      	
              Distributions
                shall be made, by wire transfer or otherwise, in immediately available
                

            
	
              funds
                to

            	 
	 
	
              for
                the account of

            	 
	
              account
                number

            	 	
              or,
                if mailed by check, to

            
	 
	
              Applicable
                statements should be mailed to

            	 
	 
	 
	
              This
                information is provided by

            	 
	
              assignee
                named above, or

            	 
	
              its
                agent.

            	 

    

     

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    

    EXHIBIT
      B

     

    MORTGAGE
      LOAN SCHEDULE

                          ZIP_CODE    STATE     CITY1                                       PROPTYPE                       CURRENT_GROSS_COUPON
-------------------------------------------------------------------------------------------------------------------------------------------
          1             40291      KY       LOUISVILLE                                  Single Family                         10.6750
          2             53227      WI       WEST ALLIS                                  Single Family                          7.7750
          3             20877      MD       GAITHERSBURG                                PUD                                    6.7500
          4             21122      MD       PASADENA                                    Single Family                          6.8000
          5             93535      CA       LANCASTER                                   Single Family                          8.5000
          6             84121      UT       COTTONWOOD HEIGHTS                          Single Family                          9.1000
          7             46530      IN       GRANGER                                     Single Family                          6.6000
          8             68066      NE       WAHOO                                       Single Family                         12.0500
          9             20772      MD       UPPER MARLBORO                              PUD                                    7.8500
         10             80863      CO       WOODLAND PARK                               Single Family                          8.8000
         11             92220      CA       BANNING                                     Single Family                          9.1500
         12             93458      CA       SANTA MARIA                                 Single Family                          7.9900
         13             85015      AZ       PHOENIX                                     Single Family                          9.1500
         14             93292      CA       VISALIA                                     Single Family                          7.4000
         15             79549      TX       SNYDER                                      Single Family                         11.0000
         16             33147      FL       MIAMI                                       Single Family                          9.0000
         17             38141      TN       MEMPHIS                                     Single Family                          8.0000
         18             94603      CA       OAKLAND                                     Single Family                          7.5000
         19             32025      FL       LAKE CITY                                   Single Family                         12.5500
         20             98901      WA       YAKIMA                                      Single Family                          9.4500
         21             77016      TX       HOUSTON                                     Single Family                          9.3500
         22             95020      CA       GILROY                                      Condominium                            7.7500
         23             44105      OH       GARFIELD HEIGHTS                            Single Family                         11.8500
         24              7306      NJ       JERSEY CITY                                 Single Family                          8.8000
         25             48180      MI       TAYLOR                                      Single Family                          9.8000
         26             85037      AZ       PHOENIX                                     PUD                                   12.4000
         27             74126      OK       TULSA                                       Single Family                          9.9000
         28             34997      FL       STUART                                      Single Family                         10.4000
         29             84044      UT       MAGNA                                       Single Family                          8.1900
         30             89107      NV       LAS VEGAS                                   Single Family                          7.8500
         31             41015      KY       COVINGTON                                   Single Family                          9.4500
         32              2764      MA       DIGHTON                                     Single Family                          7.3000
         33             33020      FL       HOLLYWOOD                                   2-4 Family                             9.1000
         34             95425      CA       CLOVERDALE                                  Single Family                          9.9900
         35             44095      OH       WILLOWICK                                   Single Family                          9.6500
         36              6468      CT       MONROE                                      Single Family                          7.6750
         37              7666      NJ       TOWNSHIP OF TEA                             Single Family                          7.4500
         38             48331      MI       FARMINGTON HILLS                            Single Family                          7.9500
         39             11554      NY       EAST MEADOW                                 Single Family                          6.5500
         40             33409      FL       WEST PALM BEACH                             Condominium                            7.9000
         41             11225      NY       BROOKLYN                                    2-4 Family                            10.4000
         42             77469      TX       RICHMOND                                    PUD                                   10.9250
         43             73117      OK       OKLAHOMA CITY                               Single Family                         10.0000
         44             96746      HI       KAPAA                                       Single Family                          6.9900
         45             34112      FL       NAPLES                                      Single Family                          8.0500
         46             89124      NV       LAS VEGAS                                   Single Family                          9.7500
         47             95363      CA       PATTERSON                                   Single Family                          8.7500
         48             37410      TN       CHATTANOOGA                                 Single Family                          9.3000
         49             68801      NE       GRAND ISLAND                                Single Family                         10.1000
         50             33126      FL       MIAMI                                       Single Family                          7.9900
         51             48205      MI       DETROIT                                     Single Family                          9.1500
         52             74063      OK       SAND SPRINGS                                Single Family                          9.7000
         53             69145      NE       KIMBALL                                     Single Family                         12.1500
         54             33025      FL       HOLLYWOOD                                   Single Family                          8.3000
         55             85353      AZ       TOLLESON                                    Single Family                         11.1000
         56             33018      FL       HIALEAH                                     Single Family                          8.8120
         57             96021      CA       CORNING                                     Single Family                          8.1500
         58             44509      OH       YOUNGSTOWN                                  Single Family                         10.3500
         59             98368      WA       PORT TOWNSEND                               Single Family                          5.9000
         60             32822      FL       ORLANDO                                     Condominium                           10.6000
         61             20657      MD       LUSBY                                       PUD                                    8.3500
         62             38127      TN       MEMPHIS                                     Single Family                          9.2500
         63             37743      TN       GREENEVILLE                                 Single Family                          8.5000
         64             73541      OK       FLETCHER                                    Single Family                          8.7000
         65             96753      HI       KIHEI                                       Single Family                          6.7000
         66             33169      FL       MIAMI                                       Single Family                          8.8500
         67             95252      CA       VALLEY SPRINGS                              Single Family                          7.2500
         68             77070      TX       HOUSTON                                     PUD                                   10.5500
         69             33150      FL       MIAMI                                       2-4 Family                             8.2000
         70             60641      IL       CHICAGO                                     2-4 Family                             8.5000
         71              1605      MA       WORCESTER                                   Single Family                          8.3000
         72             34638      FL       LAND O' LAKES                               PUD                                    7.1500
         73             76135      TX       FORT WORTH                                  Single Family                         10.2500
         74             85213      AZ       MESA                                        PUD                                    8.2500
         75             39503      MS       GULFPORT                                    Single Family                         10.6000
         76             34984      FL       PORT SAINT LUCIE                            Single Family                          6.8500
         77             92056      CA       OCEANSIDE                                   Single Family                          7.4000
         78             77073      TX       HOUSTON                                     PUD                                    8.5000
         79             29461      SC       MONCKS CORNER                               Single Family                          8.1500
         80             84404      UT       OGDEN                                       Single Family                          7.6000
         81             15332      PA       FINLEYVILLE                                 Single Family                          8.8750
         82             92592      CA       TEMECULA                                    Single Family                          8.1000
         83             98031      WA       KENT                                        PUD                                    8.2000
         84             85204      AZ       MESA                                        Single Family                          7.6500
         85             93534      CA       LANCASTER                                   Single Family                          8.2500
         86             95608      CA       CARMICHAEL                                  Single Family                          9.2500
         87              6513      CT       NEW HAVEN                                   2-4 Family                             8.9500
         88             73505      OK       LAWTON                                      Single Family                          9.1500
         89             40212      KY       LOUISVILLE                                  Single Family                         10.9000
         90             15146      PA       MONROEVILLE                                 PUD                                   10.7000
         91             77076      TX       HOUSTON                                     Single Family                          7.1500
         92             33012      FL       HIALEAH                                     Condominium                            8.7000
         93             48411      MI       ATLAS                                       Single Family                         10.0500
         94             55371      MN       PRINCETON                                   Single Family                          8.6000
         95             39428      MS       COLLINS                                     Single Family                          9.5000
         96             95340      CA       MERCED                                      Single Family                          7.5000
         97             33025      FL       MIRAMAR                                     Condominium                            9.0500
         98             68503      NE       LINCOLN                                     Single Family                          8.9500
         99             33936      FL       LEHIGH ACRES                                Single Family                          8.2000
        100             93552      CA       PALMDALE                                    Single Family                          8.2500
        101             44105      OH       CLEVELAND                                   Single Family                          8.6000
        102             34608      FL       SPRING HILL                                 PUD                                   11.6500
        103             34608      FL       SPRING HILL                                 PUD                                    7.6000
        104              6810      CT       DANBURY                                     Single Family                          7.7500
        105             94303      CA       PALO ALTO                                   Single Family                          7.5000
        106             91764      CA       ONTARIO                                     2-4 Family                            12.0000
        107             64056      MO       INDEPENDENCE                                Single Family                          9.2500
        108             75228      TX       DALLAS                                      Single Family                          8.8500
        109             96789      HI       MILILANI                                    PUD                                    7.3500
        110             85037      AZ       PHOENIX                                     PUD                                    6.9000
        111             60190      IL       WINFIELD                                    Single Family                          7.8250
        112              7513      NJ       PATERSON                                    Single Family                          8.4000
        113             33023      FL       MIRAMAR                                     Single Family                         10.3500
        114             93313      CA       BAKERSFIELD                                 Single Family                          8.6000
        115             33142      FL       MIAMI                                       Single Family                          8.3000
        116             53208      WI       MILWAUKEE                                   Single Family                         11.9000
        117             11717      NY       BRENTWOOD                                   Single Family                          8.0000
        118             44119      OH       CLEVELAND                                   2-4 Family                             9.3000
        119             60651      IL       CHICAGO                                     Single Family                          6.8000
        120             60431      IL       JOLIET                                      Single Family                         10.3500
        121             49010      MI       ALLEGAN                                     Single Family                         11.8000
        122             70817      LA       BATON ROUGE                                 Single Family                          8.5000
        123             93313      CA       BAKERSFIELD                                 Single Family                          7.8000
        124             92620      CA       IRVINE                                      Condominium                            6.8500
        125             92316      CA       BLOOMINGTON                                 Single Family                         11.7500
        126             92316      CA       BLOOMINGTON                                 Single Family                          7.4500
        127             85701      AZ       TUCSON                                      Single Family                          8.9500
        128             95121      CA       SAN JOSE                                    Single Family                          6.9500
        129             77014      TX       HOUSTON                                     PUD                                   11.6500
        130             92126      CA       SAN DIEGO                                   Single Family                          8.2000
        131             21157      MD       WESTMINSTER                                 Single Family                          7.1250
        132             93458      CA       SANTA MARIA                                 Single Family                          8.5000
        133             85713      AZ       TUCSON                                      Single Family                          9.7000
        134             63049      MO       HIGH RIDGE                                  Single Family                          8.9000
        135              1821      MA       BILLERICA                                   Single Family                          6.9900
        136             33928      FL       ESTERO                                      PUD                                    7.7750
        137             92234      CA       CATHEDRAL CITY                              Single Family                         12.3500
        138             92234      CA       CATHEDRAL CITY                              Single Family                          8.1000
        139             32703      FL       APOPKA                                      PUD                                    9.5000
        140             95206      CA       STOCKTON                                    Single Family                          6.5500
        141             81503      CO       GRAND JUNCTION                              Single Family                         11.4500
        142             81503      CO       GRAND JUNCTION                              Single Family                          7.7500
        143             60649      IL       CHICAGO                                     Single Family                          8.1750
        144             92024      CA       ENCINITAS                                   Single Family                         10.3000
        145             43050      OH       MOUNT VERNON                                Single Family                          9.9000
        146             20721      MD       BOWIE                                       PUD                                    7.3000
        147             33635      FL       TAMPA                                       PUD                                    6.9500
        148             85031      AZ       PHOENIX                                     Single Family                          7.9000
        149             68455      NE       UNION                                       Single Family                          7.9750
        150             92571      CA       PERRIS                                      Single Family                          7.5000
        151             70817      LA       BATON ROUGE                                 Single Family                          9.9900
        152             33165      FL       MIAMI                                       Single Family                          6.3750
        153             11722      NY       CENTRAL ISLIP                               Single Family                          5.9900
        154             33033      FL       HOMESTEAD                                   Single Family                          7.7500
        155             21133      MD       RANDALLSTOWN                                Single Family                          7.3000
        156             32141      FL       EDGEWATER                                   Single Family                          9.5500
        157             80030      CO       WESTMINSTER                                 Single Family                          8.2500
        158             49512      MI       KENTWOOD                                    Single Family                         11.8500
        159             79416      TX       LUBBOCK                                     Single Family                         11.1500
        160             60504      IL       AURORA                                      Single Family                          8.8750
        161             63136      MO       SAINT LOUIS                                 Single Family                         10.6000
        162              8330      NJ       HAMILTON TOWNSH                             Condominium                            8.4000
        163             33142      FL       MIAMI                                       Single Family                          7.8000
        164             33134      FL       CORAL GABLES                                Single Family                          8.8000
        165             92376      CA       RIALTO                                      PUD                                    9.4000
        166             19150      PA       PHILADELPHIA                                Single Family                          7.9900
        167             90650      CA       NORWALK                                     Single Family                          6.5500
        168             85210      AZ       MESA                                        PUD                                    7.6500
        169             32926      FL       COCOA                                       Single Family                          8.8500
        170             40216      KY       LOUISVILLE                                  Single Family                          8.0500
        171             43206      OH       COLUMBUS                                    Single Family                          8.1500
        172             35215      AL       BIRMINGHAM                                  Single Family                          9.6000
        173             33035      FL       HOMESTEAD                                   Condominium                            8.6250
        174             99507      AK       ANCHORAGE                                   Single Family                          8.4000
        175             92392      CA       VICTORVILLE                                 Single Family                          9.0000
        176             20607      MD       ACCOKEEK                                    PUD                                    8.2500
        177             48838      MI       GREENVILLE                                  Single Family                          9.4500
        178             53206      WI       MILWAUKEE                                   2-4 Family                            10.9500
        179             21221      MD       BALTIMORE                                   Single Family                          8.5250
        180             92126      CA       SAN DIEGO                                   Single Family                          9.2500
        181             90249      CA       GARDENA                                     Single Family                          7.3000
        182             95133      CA       SAN JOSE                                    Single Family                          9.0000
        183             93313      CA       BAKERSFIELD                                 Single Family                          7.4500
        184             85224      AZ       CHANDLER                                    PUD                                   11.8500
        185             76036      TX       CROWLEY                                     Single Family                         10.7500
        186             11706      NY       BAY SHORE                                   Single Family                         11.4000
        187              7748      NJ       MIDDLETOWN                                  Single Family                          7.5500
        188             75019      TX       COPPELL                                     PUD                                    9.6000
        189             92503      CA       RIVERSIDE                                   Single Family                          8.1000
        190             73110      OK       MIDWEST CITY                                Single Family                          8.5000
        191             53212      WI       MILWAUKEE                                   2-4 Family                            10.5750
        192             33178      FL       DORAL                                       Condominium                            7.7000
        193             29229      SC       COLUMBIA                                    PUD                                    9.7000
        194             33461      FL       PALM SPRINGS                                PUD                                    9.5500
        195             85203      AZ       MESA                                        Single Family                         12.1500
        196             29150      SC       SUMTER                                      Single Family                          9.5000
        197             90720      CA       LOS ALAMITOS                                Single Family                          8.0000
        198             85203      AZ       MESA                                        Single Family                          9.9000
        199              6062      CT       PLAINVILLE                                  Single Family                          9.6500
        200             60629      IL       CHICAGO                                     Single Family                          7.3000
        201             34116      FL       NAPLES                                      Single Family                          7.7000
        202             32832      FL       ORLANDO                                     Single Family                          8.7500
        203             92629      CA       DANA POINT                                  PUD                                    7.6000
        204             60623      IL       CHICAGO                                     Condominium                            8.5500
        205             15133      PA       MC KEESPORT                                 Single Family                          9.5500
        206             45005      OH       FRANKLIN                                    Single Family                          8.9900
        207             66215      KS       LENEXA                                      PUD                                   12.7250
        208             32837      FL       ORLANDO                                     PUD                                    7.9000
        209             33009      FL       HALLANDALE                                  Condominium                            7.1700
        210             60016      IL       DES PLAINES                                 Single Family                          8.7000
        211             60435      IL       CREST HILL                                  Single Family                          9.4500
        212             33169      FL       MIAMI GARDENS                               Single Family                          7.9000
        213             95363      CA       PATTERSON                                   Single Family                          9.5000
        214             40210      KY       LOUISVILLE                                  Single Family                          8.9900
        215             91331      CA       LOS ANGELES                                 Single Family                          7.7500
        216             92376      CA       SAN BERNARDINO                              Single Family                         11.6500
        217             92376      CA       SAN BERNARDINO                              Single Family                          7.7000
        218             85706      AZ       TUCSON                                      Single Family                          8.4000
        219             53212      WI       MILWAUKEE                                   2-4 Family                            11.1000
        220             28791      NC       HENDERSONVILLE                              Single Family                          8.0000
        221             70449      LA       MAUREPAS                                    Single Family                          8.8000
        222              2920      RI       CRANSTON                                    Single Family                          9.5000
        223             91356      CA       LOS ANGELES                                 Condominium                            7.7500
        224             93313      CA       BAKERSFIELD                                 Single Family                          9.9000
        225             33177      FL       MIAMI                                       PUD                                    8.5500
        226             32708      FL       WINTER SPRINGS                              Single Family                         12.1500
        227             92405      CA       SAN BERNARDINO                              Single Family                          7.5500
        228             70427      LA       BOGALUSA                                    Single Family                          9.5000
        229             34117      FL       NAPLES                                      Single Family                          7.0250
        230             33024      FL       PEMBROKE PINES                              Single Family                          8.0250
        231             77546      TX       FRIENDSWOOD                                 PUD                                    8.4000
        232             95422      CA       CLEARLAKE                                   Single Family                          7.2500
        233             63028      MO       FESTUS                                      PUD                                   10.5000
        234             10312      NY       STATEN ISLAND                               2-4 Family                             8.5000
        235              8106      NJ       AUDUBON                                     2-4 Family                             8.4000
        236             52807      IA       DAVENPORT                                   Single Family                          9.1000
        237             63121      MO       SAINT LOUIS                                 Single Family                          9.7000
        238             48504      MI       FLINT                                       Single Family                          8.5000
        239             92882      CA       CORONA                                      Single Family                          6.7500
        240             77346      TX       HUMBLE                                      PUD                                   10.8000
        241             35209      AL       BIRMINGHAM                                  Single Family                          8.5000
        242             85215      AZ       MESA                                        Single Family                          7.9000
        243             92505      CA       RIVERSIDE                                   Single Family                          7.9900
        244             92780      CA       TUSTIN                                      Condominium                            7.7000
        245             47960      IN       MONTICELLO                                  Single Family                          7.9500
        246             70068      LA       LA PLACE                                    Single Family                          8.4000
        247             90810      CA       LONG BEACH                                  Single Family                          8.1500
        248             64503      MO       SAINT JOSEPH                                Single Family                          9.8000
        249             93313      CA       BAKERSFIELD                                 Single Family                         10.9500
        250             91768      CA       POMONA                                      Single Family                          7.7500
        251              2127      MA       SOUTH BOSTON                                Single Family                          8.5000
        252             79107      TX       AMARILLO                                    Single Family                         10.8500
        253             77386      TX       SPRING                                      PUD                                    9.9500
        254             92411      CA       SAN BERNARDINO                              Single Family                          7.2250
        255             95665      CA       PINE GROVE                                  Single Family                          8.7000
        256             33313      FL       SUNRISE                                     Condominium                            8.9000
        257             64134      MO       KANSAS CITY                                 Single Family                         10.1500
        258             95051      CA       SANTA CLARA                                 Single Family                          7.1000
        259             95336      CA       MANTECA                                     Single Family                          7.2500
        260             85042      AZ       PHOENIX                                     PUD                                    9.1500
        261             92376      CA       RIALTO                                      Single Family                          8.7750
        262              2186      MA       MILTON                                      Single Family                          9.8500
        263              2888      RI       WARWICK                                     Single Family                          8.6500
        264             77373      TX       SPRING                                      PUD                                   10.7000
        265             83607      ID       CALDWELL                                    Single Family                          8.9000
        266             63114      MO       SAINT LOUIS                                 Single Family                          7.7500
        267             33032      FL       HOMESTEAD                                   Single Family                         11.0000
        268             45042      OH       MIDDLETOWN                                  Single Family                         10.9500
        269              1730      MA       BEDFORD                                     Single Family                          7.4500
        270             85009      AZ       PHOENIX                                     Single Family                          7.8000
        271             99504      AK       ANCHORAGE                                   2-4 Family                             8.9000
        272              7874      NJ       STANHOPE                                    Single Family                          7.9900
        273             79124      TX       AMARILLO                                    Single Family                          9.2000
        274             85704      AZ       TUCSON                                      PUD                                    8.0500
        275             89032      NV       NORTH LAS VEGAS                             Single Family                          8.7000
        276             89121      NV       LAS VEGAS                                   Single Family                          7.6000
        277             46310      IN       DEMOTTE                                     Single Family                          9.7500
        278             20772      MD       UPPER MARLBORO                              Single Family                          7.4000
        279             85303      AZ       GLENDALE                                    Single Family                          8.9750
        280             85008      AZ       PHOENIX                                     Single Family                          7.5500
        281             70403      LA       HAMMOND                                     Single Family                          8.3500
        282             63034      MO       FLORISSANT                                  Single Family                          9.6000
        283             48114      MI       BRIGHTON                                    Single Family                         10.5000
        284             62203      IL       CENTREVILLE                                 Single Family                          8.8500
        285             87144      NM       RIO RANCHO                                  Single Family                          8.0500
        286             76137      TX       FORT WORTH                                  Single Family                          8.9500
        287             76137      TX       FORT WORTH                                  Single Family                          9.9500
        288             95828      CA       SACRAMENTO                                  Single Family                          6.9900
        289             91504      CA       BURBANK                                     Condominium                            7.5000
        290             63137      MO       SAINT LOUIS                                 Single Family                         10.9000
        291             33179      FL       MIAMI                                       Condominium                            8.6500
        292              1945      MA       MARBLEHEAD                                  Single Family                          9.0000
        293             91740      CA       GLENDORA                                    Single Family                          7.8500
        294             34761      FL       OCOEE                                       Single Family                          9.0500
        295             27370      NC       TRINITY                                     Single Family                          8.2500
        296             33759      FL       CLEARWATER                                  Single Family                          7.4000
        297             33027      FL       PEMBROKE PINES                              PUD                                   10.0000
        298             57022      SD       DELL RAPIDS                                 Single Family                          9.5000
        299             85379      AZ       SURPRISE                                    PUD                                    7.6000
        300             60619      IL       CHICAGO                                     Single Family                          8.7900
        301             85035      AZ       PHOENIX                                     Single Family                          8.6000
        302             95210      CA       STOCKTON                                    Single Family                         10.2500
        303             77047      TX       HOUSTON                                     PUD                                    8.5000
        304             32714      FL       ALTAMONTE SPRIN                             Single Family                          6.9500
        305             33065      FL       CORAL SPRINGS                               Condominium                            7.5000
        306             33972      FL       LEHIGH ACRES                                Single Family                          8.4500
        307             33186      FL       MIAMI                                       PUD                                    8.6500
        308             72454      AR       PIGGOTT                                     Single Family                         11.3500
        309             33905      FL       FORT MYERS                                  Single Family                         10.4500
        310             21222      MD       BALTIMORE                                   Single Family                          8.4000
        311             33781      FL       PINELLAS PARK                               PUD                                    7.2500
        312             80916      CO       COLORADO SPRINGS                            Single Family                          9.0000
        313             75217      TX       DALLAS                                      Single Family                         10.5000
        314             80904      CO       COLORADO SPRINGS                            PUD                                    8.5750
        315             19145      PA       PHILADELPHIA                                Single Family                          8.1500
        316             33016      FL       MIAMI LAKES                                 Single Family                          7.6000
        317             93458      CA       SANTA MARIA                                 Single Family                          6.9500
        318             85743      AZ       TUCSON                                      PUD                                   12.4500
        319             85743      AZ       TUCSON                                      PUD                                    7.7000
        320             84084      UT       WEST JORDAN                                 Single Family                          7.3500
        321             85224      AZ       CHANDLER                                    PUD                                    7.0000
        322             97304      OR       SALEM                                       Single Family                          7.9900
        323             85033      AZ       PHOENIX                                     Single Family                          8.2500
        324             98144      WA       SEATTLE                                     Single Family                          7.3500
        325             68504      NE       LINCOLN                                     Single Family                          8.9250
        326             90220      CA       COMPTON                                     Single Family                          8.1000
        327             46228      IN       INDIANAPOLIS                                Single Family                          8.4500
        328             95301      CA       ATWATER                                     Single Family                          8.9900
        329             78610      TX       BUDA                                        Single Family                          7.8750
        330             48126      MI       DEARBORN                                    Single Family                          9.0500
        331             75126      TX       FORNEY                                      PUD                                    9.9500
        332             60610      IL       CHICAGO                                     Condominium                            7.8870
        333             85037      AZ       PHOENIX                                     PUD                                    7.6500
        334             44111      OH       CLEVELAND                                   2-4 Family                             9.8250
        335             85051      AZ       PHOENIX                                     Single Family                          7.4900
        336             84119      UT       WEST VALLEY CITY                            Single Family                          8.9900
        337             94589      CA       VALLEJO                                     Single Family                          7.9000
        338             85015      AZ       PHOENIX                                     PUD                                    6.7500
        339             48235      MI       DETROIT                                     Single Family                          8.7000
        340             21227      MD       BALTIMORE                                   Single Family                          8.1000
        341             33165      FL       MIAMI                                       Condominium                            8.4000
        342             33130      FL       MIAMI                                       2-4 Family                            10.3000
        343             33033      FL       HOMESTEAD                                   Condominium                            8.7000
        344             29205      SC       COLUMBIA                                    Single Family                          8.2000
        345             33008      FL       HALLANDALE                                  2-4 Family                             8.0000
        346              8610      NJ       TRENTON                                     Single Family                          8.2000
        347             77061      TX       HOUSTON                                     Single Family                         11.0000
        348             32738      FL       DELTONA                                     Single Family                          7.3750
        349             33193      FL       MIAMI                                       Condominium                            7.4000
        350             33614      FL       TAMPA                                       Single Family                          8.0000
        351             85303      AZ       GLENDALE                                    Single Family                          7.4000
        352             77031      TX       HOUSTON                                     PUD                                    9.9000
        353             77031      TX       HOUSTON                                     PUD                                    9.2500
        354             33470      FL       LOXAHATCHEE                                 Single Family                          6.6000
        355             60104      IL       BELLWOOD                                    Single Family                          7.2500
        356             33325      FL       SUNRISE                                     Condominium                            9.1500
        357             95673      CA       RIO LINDA                                   Single Family                          7.4000
        358             19701      DE       BEAR                                        PUD                                    9.3000
        359             93313      CA       BAKERSFIELD                                 Single Family                          7.2500
        360             60628      IL       CHICAGO                                     Single Family                          7.5500
        361             18232      PA       LANSFORD                                    Single Family                          8.5000
        362             33810      FL       LAKELAND                                    PUD                                    8.3000
        363             11598      NY       WOODMERE                                    Single Family                          6.6250
        364             92335      CA       FONTANA                                     Single Family                          7.7000
        365             53705      WI       MADISON                                     Single Family                          8.4000
        366              7305      NJ       JERSEY CITY                                 2-4 Family                             8.0250
        367             85051      AZ       PHOENIX                                     Single Family                          7.2000
        368             85053      AZ       PHOENIX                                     Single Family                          7.9000
        369             84780      UT       WASHINGTON                                  Single Family                          7.9900
        370              7601      NJ       HACKENSACK                                  Single Family                          7.5000
        371             85381      AZ       PEORIA                                      Single Family                         12.1500
        372             77084      TX       HOUSTON                                     PUD                                    9.5750
        373             93305      CA       BAKERSFIELD                                 Single Family                          8.9000
        374             48708      MI       BAY CITY                                    2-4 Family                             8.7000
        375             48708      MI       BAY CITY                                    2-4 Family                             8.7000
        376             70057      LA       HAHNVILLE                                   Single Family                          8.9500
        377              8831      NJ       MONROE TOWNSHIP                             Single Family                          7.7500
        378             60634      IL       CHICAGO                                     Single Family                          8.3000
        379             63301      MO       SAINT CHARLES                               PUD                                   10.6500
        380             90650      CA       NORWALK                                     Single Family                          8.2500
        381             60089      IL       BUFFALO GROVE                               Single Family                          8.9000
        382             84042      UT       LINDON                                      Single Family                          7.7500
        383             38125      TN       MEMPHIS                                     Single Family                          9.8500
        384             78232      TX       SAN ANTONIO                                 Single Family                          7.9900
        385              7112      NJ       NEWARK                                      Single Family                          8.9900
        386             85033      AZ       PHOENIX                                     Single Family                         12.1500
        387             48114      MI       BRIGHTON                                    Single Family                          8.0000
        388             95624      CA       ELK GROVE                                   Single Family                          7.4200
        389             75089      TX       ROWLETT                                     PUD                                   10.2500
        390             99672      AK       STERLING                                    Single Family                         10.5500
        391             46256      IN       INDIANAPOLIS                                Single Family                          7.9500
        392             92504      CA       RIVERSIDE                                   Single Family                          6.3750
        393             98366      WA       PORT ORCHARD                                Single Family                          6.3750
        394             72761      AR       SILOAM SPRINGS                              Single Family                          7.8500
        395             92399      CA       YUCAIPA                                     Single Family                          7.5500
        396             75032      TX       ROCKWALL                                    Single Family                         11.7000
        397             11596      NY       EAST WILLISTON                              Single Family                          7.9000
        398             91342      CA       LOS ANGELES                                 Single Family                         10.3500
        399             53051      WI       MENOMONEE FALLS                             Single Family                          8.3500
        400             49342      MI       RODNEY                                      Single Family                          9.0870
        401             21206      MD       BALTIMORE                                   Single Family                          8.4500
        402             33183      FL       MIAMI                                       Single Family                         11.2500
        403             33183      FL       MIAMI                                       Single Family                          7.2000
        404             94587      CA       UNION CITY                                  Single Family                          7.2500
        405             91342      CA       LOS ANGELES                                 Single Family                          8.3500
        406             60644      IL       CHICAGO                                     2-4 Family                             7.9500
        407             85301      AZ       GLENDALE                                    Single Family                          8.5500
        408             85043      AZ       PHOENIX                                     PUD                                    7.5000
        409             20744      MD       FORT WASHINGTON                             Single Family                          7.4500
        410             47304      IN       MUNCIE                                      Single Family                          8.0000
        411             55013      MN       CHISAGO CITY                                Single Family                          8.2000
        412             33185      FL       MIAMI                                       Single Family                          7.7000
        413              1801      MA       WOBURN                                      2-4 Family                             7.5000
        414             19151      PA       PHILADELPHIA                                Single Family                          7.9900
        415             80123      CO       LITTLETON                                   PUD                                    8.3750
        416             75252      TX       DALLAS                                      PUD                                    8.6250
        417             34677      FL       OLDSMAR                                     PUD                                    8.5500
        418             42420      KY       HENDERSON                                   Single Family                          9.3500
        419             32174      FL       ORMOND BEACH                                Single Family                          8.0000
        420             21133      MD       RANDALLSTOWN                                Single Family                          8.9900
        421             17331      PA       HANOVER                                     Single Family                          7.5500
        422             70003      LA       METAIRIE                                    Single Family                          7.2500
        423             90302      CA       INGLEWOOD                                   Condominium                            8.8500
        424             49503      MI       GRAND RAPIDS                                Single Family                         10.8500
        425              6482      CT       NEWTOWN                                     Single Family                          8.9000
        426             44110      OH       CLEVELAND                                   2-4 Family                             9.8000
        427             33445      FL       DELRAY BEACH                                Condominium                           10.6500
        428              6066      CT       VERNON                                      Single Family                          9.7500
        429             76180      TX       NORTH RICHLAND HILLS                        Single Family                          8.1000
        430             33183      FL       MIAMI                                       PUD                                    7.4500
        431             60639      IL       CHICAGO                                     Single Family                         10.3500
        432             94503      CA       AMERICAN CANYON                             Single Family                          9.9500
        433             44120      OH       CLEVELAND                                   Single Family                          9.0250
        434             19703      DE       CLAYMONT                                    Single Family                         11.0000
        435             60102      IL       ALGONQUIN                                   PUD                                    7.5500
        436             76504      TX       TEMPLE                                      Single Family                          8.0500
        437             20735      MD       CLINTON                                     Single Family                          8.2500
        438             33018      FL       HIALEAH                                     Single Family                          8.9000
        439             34606      FL       SPRING HILL                                 Single Family                          8.9500
        440             92234      CA       CATHEDRAL CITY                              2-4 Family                             7.8000
        441             96797      HI       WAIPAHU                                     PUD                                    7.2000
        442             92503      CA       RIVERSIDE                                   Single Family                          9.1500
        443             60613      IL       CHICAGO                                     Condominium                            8.9900
        444             11379      NY       MIDDLE VILLAGE                              Single Family                          7.2500
        445             85282      AZ       TEMPE                                       Single Family                          8.4500
        446             93234      CA       HURON                                       Single Family                          9.8500
        447             80206      CO       DENVER                                      Single Family                          6.8500
        448             77469      TX       RICHMOND                                    PUD                                    8.1000
        449             33027      FL       MIRAMAR                                     PUD                                    8.5000
        450             33177      FL       MIAMI                                       Single Family                         10.8000
        451             44310      OH       AKRON                                       Single Family                          9.8000
        452             85037      AZ       PHOENIX                                     Single Family                          7.0500
        453             19709      DE       MIDDLETOWN                                  Single Family                          8.9500
        454              6511      CT       NEW HAVEN                                   Single Family                          8.9500
        455             30121      GA       CARTERSVILLE                                Condominium                            7.2500
        456             33463      FL       GREENACRES                                  Single Family                          6.9900
        457             28025      NC       CONCORD                                     Single Family                          6.2500
        458             32754      FL       MIMS                                        PUD                                    7.7500
        459             19150      PA       PHILADELPHIA                                Single Family                          8.3000
        460             60639      IL       CHICAGO                                     Single Family                          7.8500
        461             11717      NY       BRENTWOOD                                   Single Family                          7.3000
        462             85008      AZ       PHOENIX                                     Single Family                          8.4000
        463             85042      AZ       PHOENIX                                     Single Family                          8.1000
        464             27603      NC       RALEIGH                                     Single Family                          9.6000
        465             17036      PA       HUMMELSTOWN                                 Single Family                          8.7500
        466             34984      FL       PORT SAINT LUCIE                            Single Family                          8.4500
        467             37206      TN       NASHVILLE                                   Single Family                         10.9250
        468             33183      FL       MIAMI                                       Single Family                          7.6000
        469             55406      MN       MINNEAPOLIS                                 Single Family                          9.3000
        470             85353      AZ       TOLLESON                                    Single Family                         12.4500
        471             79938      TX       EL PASO                                     Single Family                         10.0000
        472             80003      CO       ARVADA                                      Single Family                          8.6000
        473             78413      TX       CORPUS CHRISTI                              Single Family                          9.2500
        474             78363      TX       KINGSVILLE                                  Single Family                          9.8500
        475             60640      IL       CHICAGO                                     Condominium                           11.4000
        476              7719      NJ       SOUTH BELMAR                                Single Family                          8.0000
        477             21221      MD       ESSEX                                       Single Family                          8.0500
        478             21206      MD       BALTIMORE                                   Single Family                          7.6000
        479             20601      MD       WALDORF                                     PUD                                    6.8750
        480             60139      IL       GLENDALE HEIGHT                             Single Family                          7.9900
        481             17038      PA       JONESTOWN                                   Single Family                          7.8000
        482             20748      MD       TEMPLE HILLS                                Single Family                          7.7500
        483             60637      IL       CHICAGO                                     2-4 Family                             8.9900
        484             98118      WA       SEATTLE                                     Single Family                          7.5000
        485              8210      NJ       CAPE MAY COURT                              Single Family                          8.6500
        486             48197      MI       YPSILANTI                                   Single Family                          9.4500
        487             11743      NY       HUNTINGTON                                  Single Family                          6.9000
        488             78240      TX       SAN ANTONIO                                 PUD                                    9.2000
        489             38107      TN       MEMPHIS                                     Single Family                         10.3000
        490             32811      FL       ORLANDO                                     Single Family                          8.5000
        491             92119      CA       SAN DIEGO                                   Condominium                            7.3500
        492             84128      UT       WEST VALLEY CITY                            Single Family                         10.4500
        493             34746      FL       KISSIMMEE                                   PUD                                    7.2500
        494             53404      WI       RACINE                                      Single Family                         10.3000
        495             85338      AZ       GOODYEAR                                    PUD                                    7.5000
        496              2122      MA       DORCHESTER                                  Single Family                          7.4500
        497             84648      UT       NEPHI                                       Single Family                          7.9000
        498             21117      MD       OWINGS MILLS                                PUD                                    8.1500
        499             48091      MI       WARREN                                      Single Family                          7.3750
        500             75104      TX       CEDAR HILL                                  Single Family                          8.6500
        501             90815      CA       LONG BEACH                                  Single Family                          8.0000
        502             21234      MD       BALTIMORE                                   Single Family                          7.9900
        503             20735      MD       CLINTON                                     Single Family                          7.7000
        504             34711      FL       CLERMONT                                    PUD                                    6.8000
        505             92084      CA       VISTA                                       Single Family                          7.9900
        506             33442      FL       DEERFIELD BEACH                             Condominium                            6.9000
        507              1610      MA       WORCESTER                                   Condominium                           10.0000
        508             38125      TN       MEMPHIS                                     Single Family                          7.9900
        509             33615      FL       TAMPA                                       Single Family                          7.2500
        510             77336      TX       HUFFMAN                                     PUD                                    7.7000
        511             34759      FL       KISSIMMEE                                   PUD                                    9.4250
        512             32608      FL       GAINESVILLE                                 PUD                                    8.6500
        513             33054      FL       OPA LOCKA                                   Single Family                          9.0000
        514             94801      CA       RICHMOND                                    Single Family                          7.0000
        515             85301      AZ       GLENDALE                                    Single Family                          9.8500
        516             62644      IL       HAVANA                                      Single Family                          9.0500
        517             19057      PA       LEVITTOWN                                   Single Family                         11.2500
        518             85353      AZ       TOLLESON                                    Single Family                         10.4000
        519             80219      CO       DENVER                                      Single Family                          8.2500
        520             90003      CA       LOS ANGELES                                 Single Family                          8.1500
        521             60425      IL       GLENWOOD                                    Single Family                          8.8000
        522             90650      CA       NORWALK                                     Single Family                          6.9400
        523             94019      CA       HALF MOON BAY                               Condominium                            7.9500
        524             79936      TX       EL PASO                                     Single Family                          9.3000
        525             85713      AZ       TUCSON                                      Single Family                          8.4500
        526             27107      NC       WINSTON SALEM                               Single Family                          8.1000
        527             73109      OK       OKLAHOMA CITY                               Single Family                         10.3000
        528             48237      MI       OAK PARK                                    Single Family                          9.9900
        529             50707      IA       ELK RUN HEIGHTS                             Single Family                          9.9250
        530             32825      FL       ORLANDO                                     PUD                                    8.7000
        531             21217      MD       BALTIMORE                                   2-4 Family                             8.4900
        532             93635      CA       LOS BANOS                                   Single Family                          7.7500
        533             11967      NY       SHIRLEY                                     Single Family                          6.7000
        534             70053      LA       GRETNA                                      Single Family                          8.7000
        535             29102      SC       MANNING                                     Single Family                          9.6500
        536              6513      CT       NEW HAVEN                                   Single Family                          7.7500
        537             92378      CA       RIMFOREST                                   Single Family                          9.6500
        538             33065      FL       CORAL SPRINGS                               Condominium                            7.2500
        539             39047      MS       BRANDON                                     Single Family                          8.2500
        540             91910      CA       CHULA VISTA                                 Single Family                          7.2000
        541             85212      AZ       MESA                                        PUD                                    8.2000
        542             98188      WA       SEATAC                                      Single Family                         11.6000
        543             85350      AZ       SOMERTON                                    Single Family                          7.9000
        544             60467      IL       ORLAND PARK                                 Single Family                          9.1500
        545             33486      FL       BOCA RATON                                  Single Family                          8.5000
        546             93309      CA       BAKERSFIELD                                 Single Family                          7.8500
        547             19136      PA       PHILADELPHIA                                Single Family                          9.6750
        548             46901      IN       KOKOMO                                      Single Family                          9.9500
        549             70094      LA       WESTWEGO                                    Single Family                          8.2000
        550             33309      FL       FORT LAUDERDALE                             Single Family                          8.8500
        551             32955      FL       ROCKLEDGE                                   Single Family                          8.3000
        552             60453      IL       OAK LAWN                                    Single Family                          7.9900
        553             96707      HI       KAPOLEI                                     PUD                                    9.0000
        554             63114      MO       SAINT LOUIS                                 Single Family                          7.5000
        555             33186      FL       MIAMI                                       Condominium                            9.7500
        556             93274      CA       TULARE                                      Single Family                          7.8500
        557             16601      PA       ALTOONA                                     Single Family                         10.9500
        558             33189      FL       MIAMI                                       Single Family                          7.4500
        559             60419      IL       DOLTON                                      Single Family                          9.7250
        560             48205      MI       DETROIT                                     2-4 Family                            10.2000
        561             19709      DE       MIDDLETOWN                                  Single Family                          9.9000
        562             49336      MI       MORLEY                                      Single Family                         11.1500
        563             36265      AL       JACKSONVILLE                                Single Family                         10.0500
        564             85712      AZ       TUCSON                                      2-4 Family                             7.3000
        565             55104      MN       ST PAUL                                     2-4 Family                             9.9000
        566             83713      ID       BOISE                                       PUD                                    8.3500
        567              7405      NJ       KINNELON                                    PUD                                    8.7750
        568             92376      CA       RIALTO                                      Single Family                          7.7000
        569             21801      MD       SALISBURY                                   Single Family                          9.4500
        570             39216      MS       JACKSON                                     Single Family                          8.0500
        571             18078      PA       SCHNECKSVILLE                               Single Family                          6.8500
        572             33155      FL       MIAMI                                       Single Family                          8.0500
        573             90011      CA       LOS ANGELES                                 Single Family                          7.7500
        574             32824      FL       ORLANDO                                     PUD                                    8.8000
        575             21212      MD       BALTIMORE                                   Single Family                          7.4500
        576             92596      CA       WINCHESTER                                  Single Family                          7.2000
        577             65109      MO       JEFFERSON CITY                              Single Family                         10.6000
        578             33436      FL       BOYNTON BEACH                               PUD                                    7.0500
        579             11436      NY       JAMAICA                                     Single Family                          8.9900
        580             33411      FL       ROYAL PALM BEACH                            PUD                                    7.3500
        581             11373      NY       ELMHURST                                    Single Family                          7.3500
        582             33837      FL       DAVENPORT                                   PUD                                   10.5500
        583             84088      UT       WEST JORDAN                                 Single Family                          8.9000
        584             33162      FL       NORTH MIAMI BEACH                           Single Family                          7.8000
        585              8648      NJ       LAWRENCEVILLE                               Single Family                          8.9000
        586             99712      AK       FAIRBANKS                                   Single Family                          9.1250
        587             85051      AZ       PHOENIX                                     Single Family                          9.2500
        588             94533      CA       FAIRFIELD                                   Single Family                          8.5000
        589             95382      CA       TURLOCK                                     Single Family                          8.0000
        590             90280      CA       SOUTH GATE                                  Single Family                          7.9900
        591             92399      CA       YUCAIPA                                     PUD                                    7.5000
        592             98661      WA       VANCOUVER                                   Single Family                          8.0000
        593             92627      CA       COSTA MESA                                  Condominium                            8.5000
        594             93534      CA       LANCASTER                                   Single Family                          7.5000
        595             60645      IL       CHICAGO                                     Condominium                            9.9500
        596             49236      MI       CLINTON                                     Single Family                          9.8750
        597             85306      AZ       GLENDALE                                    Single Family                         10.6000
        598             32763      FL       ORANGE CITY                                 Single Family                          8.3000
        599             60555      IL       WARRENVILLE                                 Single Family                         11.8500
        600              8016      NJ       BURLINGTON TWP                              Single Family                          8.1000
        601             28211      NC       CHARLOTTE                                   Single Family                         10.1000
        602             93535      CA       LANCASTER                                   Single Family                          8.3500
        603             33012      FL       HIALEAH                                     Single Family                          8.1500
        604             60622      IL       CHICAGO                                     Condominium                            9.5500
        605             60544      IL       PLAINFIELD                                  PUD                                    8.6000
        606             85041      AZ       PHOENIX                                     PUD                                   12.4500
        607             32712      FL       APOPKA                                      Single Family                          7.4000
        608             89015      NV       HENDERSON                                   Single Family                          7.9750
        609             85204      AZ       MESA                                        Single Family                          7.2000
        610             53711      WI       MADISON                                     Single Family                          7.9700
        611             77489      TX       MISSOURI CITY                               PUD                                    9.3000
        612             33837      FL       DAVENPORT                                   PUD                                   12.2000
        613             60505      IL       AURORA                                      Single Family                          9.9500
        614             90731      CA       LOS ANGELES                                 2-4 Family                             7.9000
        615             21230      MD       BALTIMORE                                   Single Family                         10.8750
        616             98404      WA       TACOMA                                      2-4 Family                             9.8350
        617             90062      CA       LOS ANGELES                                 2-4 Family                             8.2000
        618              8755      NJ       DOVER TOWNSHIP                              Single Family                          7.6500
        619             48205      MI       DETROIT                                     Single Family                          9.2500
        620             60491      IL       HOMER GLEN                                  Single Family                          9.0000
        621             60104      IL       BELLWOOD                                    Single Family                          8.6750
        622             85706      AZ       TUCSON                                      Single Family                         10.2000
        623             95110      CA       SAN JOSE                                    Single Family                          7.7000
        624             15217      PA       PITTSBURGH                                  Single Family                          8.9750
        625             33054      FL       OPA LOCKA                                   Single Family                          8.5500
        626             77449      TX       KATY                                        PUD                                    9.3000
        627              6850      CT       NORWALK                                     Single Family                          7.4000
        628             80031      CO       WESTMINSTER                                 Single Family                          8.5000
        629             19150      PA       PHILADELPHIA                                Single Family                         11.5000
        630             77014      TX       HOUSTON                                     PUD                                    9.9250
        631             84770      UT       SAINT GEORGE                                Single Family                          7.6000
        632             55427      MN       CRYSTAL                                     Single Family                          9.2000
        633             92352      CA       DEER LODGE PARK                             Single Family                          7.6000
        634             77650      TX       CRYSTAL BEACH                               Single Family                         10.5500
        635             98058      WA       RENTON                                      PUD                                    7.3500
        636             90018      CA       LOS ANGELES                                 Single Family                          7.6000
        637             98205      WA       EVERETT                                     PUD                                    7.9000
        638             93727      CA       FRESNO                                      Single Family                          7.5000
        639             10310      NY       STATEN ISLAND                               Single Family                          8.3000
        640             90746      CA       CARSON                                      Single Family                          7.5000
        641             60649      IL       CHICAGO                                     Single Family                          8.9500
        642             92648      CA       HUNTINGTON BEACH                            Condominium                            8.8000
        643             48118      MI       CHELSEA                                     Single Family                          9.0000
        644             74012      OK       BROKEN ARROW                                Single Family                         11.3500
        645             90047      CA       LOS ANGELES                                 Single Family                          9.3500
        646              7456      NJ       RINGWOOD                                    Single Family                          8.8000
        647             92154      CA       SAN DIEGO                                   Single Family                          7.4000
        648             34761      FL       OCOEE                                       Single Family                          8.1500
        649             33476      FL       PAHOKEE                                     Single Family                          9.8500
        650             21222      MD       BALTIMORE                                   Single Family                          9.3250
        651             32839      FL       ORLANDO                                     Single Family                          8.5000
        652             44139      OH       SOLON                                       Single Family                          9.3000
        653             33140      FL       MIAMI BEACH                                 Condominium                           10.9000
        654             53225      WI       WAUWATOSA                                   Single Family                          8.8000
        655             11729      NY       DEER PARK                                   Single Family                          8.3500
        656             34689      FL       TARPON SPRINGS                              Single Family                          7.9000
        657             90807      CA       LONG BEACH                                  Single Family                          7.7500
        658             55057      MN       NORTHFIELD                                  Single Family                          8.1000
        659             77009      TX       HOUSTON                                     Single Family                         11.8000
        660             30039      GA       SNELLVILLE                                  Single Family                         10.6500
        661             54016      WI       HUDSON                                      Single Family                          8.5500
        662             54004      WI       CLAYTON                                     Single Family                          7.9900
        663             79912      TX       EL PASO                                     Single Family                          7.5000
        664             92243      CA       EL CENTRO                                   Single Family                          7.8000
        665             92410      CA       SAN BERNARDINO                              Single Family                          8.1000
        666             11726      NY       COPIAGUE                                    2-4 Family                             7.2500
        667              1109      MA       SPRINGFIELD                                 2-4 Family                             9.9000
        668             92551      CA       MORENO VALLEY                               Single Family                          7.1500
        669              7105      NJ       NEWARK                                      2-4 Family                             9.9250
        670             20616      MD       BRYANS ROAD                                 Single Family                          6.5000
        671             60478      IL       COUNTRY CLUB HI                             Single Family                          8.6500
        672              2121      MA       BOSTON                                      2-4 Family                             9.7500
        673              1529      MA       MILLVILLE                                   Single Family                          8.2500
        674             84663      UT       SPRINGVILLE                                 Single Family                          7.3000
        675             34953      FL       PORT SAINT LUCIE                            Single Family                          9.0500
        676             33176      FL       MIAMI                                       Single Family                          8.8500
        677             77449      TX       KATY                                        PUD                                   10.7500
        678             33179      FL       MIAMI                                       Single Family                          8.5000
        679             95062      CA       SANTA CRUZ                                  Single Family                         11.2500
        680             48116      MI       BRIGHTON                                    Single Family                         10.5500
        681             93458      CA       SANTA MARIA                                 Single Family                          6.7500
        682             32725      FL       DELTONA                                     PUD                                    9.9000
        683             80521      CO       FORT COLLINS                                Single Family                          7.9900
        684             33435      FL       BOYNTON BEACH                               Single Family                          6.4000
        685             60531      IL       LELAND                                      Single Family                          9.0750
        686              8062      NJ       MULLICA HILL                                Single Family                          7.4500
        687             92561      CA       MOUNTAIN CENTER                             PUD                                    8.6500
        688             60462      IL       ORLAND PARK                                 Single Family                          7.9900
        689             92234      CA       CATHEDRAL CITY                              Single Family                         10.9000
        690             60653      IL       CHICAGO                                     Condominium                            9.7500
        691             33166      FL       MIAMI SPRINGS                               Single Family                          8.3000
        692             46143      IN       GREENWOOD                                   Single Family                          9.2500
        693             33810      FL       LAKELAND                                    2-4 Family                             8.7000
        694             97218      OR       PORTLAND                                    Single Family                          9.5000
        695             60431      IL       SHOREWOOD                                   Single Family                          8.0500
        696             34472      FL       OCALA                                       Single Family                          9.3000
        697             90601      CA       WHITTIER                                    Single Family                          6.7500
        698             80236      CO       DENVER                                      Single Family                          6.1000
        699             92337      CA       FONTANA                                     Single Family                          9.2250
        700             33055      FL       MIAMI                                       Single Family                         11.9000
        701             11596      NY       WILLISTON PARK                              Single Family                          6.8000
        702             33193      FL       MIAMI                                       Condominium                            8.6500
        703             70058      LA       HARVEY                                      Single Family                          8.8400
        704             33034      FL       FLORIDA CITY                                Single Family                         10.1500
        705             33909      FL       CAPE CORAL                                  Single Family                          8.7500
        706             78212      TX       SAN ANTONIO                                 2-4 Family                             9.3250
        707             80031      CO       WESTMINSTER                                 Single Family                          7.2000
        708             70003      LA       METAIRIE                                    Single Family                          8.1500
        709             33126      FL       MIAMI                                       Condominium                            7.9900
        710             33130      FL       MIAMI                                       Condominium                            9.9880
        711             93030      CA       OXNARD                                      Single Family                          7.9900
        712             92592      CA       TEMECULA                                    PUD                                   11.7000
        713             60634      IL       CHICAGO                                     Single Family                          7.0000
        714             46368      IN       PORTAGE                                     Single Family                         12.9000
        715             33013      FL       HIALEAH                                     Single Family                          7.6500
        716             92240      CA       DESERT HOT SPRINGS                          Single Family                          9.1000
        717             60620      IL       CHICAGO                                     2-4 Family                             9.8000
        718             91331      CA       LOS ANGELES                                 Condominium                            9.8000
        719             60473      IL       SOUTH HOLLAND                               Single Family                          8.4000
        720             63026      MO       FENTON                                      Single Family                         10.5000
        721              7470      NJ       WAYNE                                       Single Family                          6.8000
        722             29407      SC       CHARLESTON                                  Single Family                          8.9500
        723             10312      NY       STATEN ISLAND                               2-4 Family                             7.5000
        724             96744      HI       KANEOHE                                     Condominium                            7.1000
        725             33064      FL       POMPANO BEACH                               Single Family                          7.9000
        726             55112      MN       MOUNDS VIEW                                 Single Family                          8.2500
        727             60636      IL       CHICAGO                                     Single Family                          7.4500
        728             92571      CA       PERRIS                                      Single Family                          9.5000
        729             89147      NV       LAS VEGAS                                   Single Family                          7.7000
        730             92410      CA       SAN BERNARDINO                              Single Family                          7.1000
        731             20720      MD       BOWIE                                       Single Family                          7.3000
        732             85029      AZ       PHOENIX                                     Single Family                          7.2000
        733             84065      UT       RIVERTON                                    Single Family                          9.6000
        734             20646      MD       LA PLATA                                    PUD                                    9.2000
        735             92316      CA       FONTANA                                     Single Family                         10.7500
        736             77530      TX       CHANNELVIEW                                 Single Family                          9.2500
        737             98375      WA       PUYALLUP                                    Single Family                         10.2000
        738             92504      CA       RIVERSIDE                                   Single Family                          9.5000
        739             91307      CA       LOS ANGELES                                 Single Family                          8.0500
        740             46201      IN       INDIANAPOLIS                                2-4 Family                             8.4500
        741             60440      IL       BOLINGBROOK                                 PUD                                    8.3000
        742             84020      UT       DRAPER                                      PUD                                    7.9900
        743             60548      IL       SANDWICH                                    PUD                                    9.1250
        744             53188      WI       WAUKESHA                                    Single Family                          8.7500
        745             49509      MI       WYOMING                                     Single Family                          8.6000
        746             91789      CA       WALNUT                                      Condominium                            9.3500
        747             92154      CA       SAN DIEGO                                   PUD                                    6.3750
        748             92647      CA       HUNTINGTON BEACH                            Single Family                          7.3500
        749             92373      CA       REDLANDS                                    Single Family                          7.7500
        750             77386      TX       SPRING                                      PUD                                    9.5500
        751             95118      CA       SAN JOSE                                    Single Family                          7.9900
        752             20639      MD       HUNTINGTOWN                                 Single Family                          7.6500
        753             93722      CA       FRESNO                                      Single Family                          9.2500
        754             89115      NV       LAS VEGAS                                   Single Family                          7.0500
        755             93551      CA       PALMDALE                                    Single Family                         12.1000
        756             93551      CA       PALMDALE                                    Single Family                          7.5500
        757             90047      CA       LOS ANGELES                                 Single Family                          8.7500
        758             89131      NV       LAS VEGAS                                   PUD                                    7.2500
        759             95757      CA       ELK GROVE                                   Single Family                          7.7250
        760             85035      AZ       PHOENIX                                     Single Family                         10.8500
        761             85730      AZ       TUCSON                                      Single Family                          8.0500
        762             89014      NV       HENDERSON                                   Single Family                         10.8500
        763             91702      CA       AZUSA                                       PUD                                    7.8800
        764             32526      FL       PENSACOLA                                   Single Family                         12.8000
        765             31322      GA       POOLER                                      Single Family                         10.9900
        766             37917      TN       KNOXVILLE                                   Single Family                          9.4000
        767             34997      FL       STUART                                      Single Family                          7.4500
        768             33004      FL       DANIA                                       Single Family                          7.5500
        769             20721      MD       BOWIE                                       Single Family                          8.7500
        770             32751      FL       MAITLAND                                    Single Family                          8.6000
        771             85242      AZ       QUEEN CREEK                                 Single Family                          8.9000
        772              8533      NJ       PLUMSTEAD TWP                               Single Family                          7.7500
        773              6902      CT       STAMFORD                                    Single Family                          7.0000
        774             53144      WI       KENOSHA                                     Single Family                          9.8000
        775             21028      MD       CHURCHVILLE                                 Single Family                          7.4500
        776              7753      NJ       TOWNSHIP OF NEP                             Single Family                          8.0500
        777             98405      WA       TACOMA                                      Single Family                         10.3000
        778             48307      MI       ROCHESTER                                   Single Family                         11.0000
        779             33025      FL       MIRAMAR                                     Condominium                            8.8000
        780             11710      NY       TOWN OF HEMPSTE                             Single Family                          7.8000
        781             11717      NY       BRENTWOOD                                   Single Family                          6.9900
        782             60641      IL       CHICAGO                                     2-4 Family                             8.9900
        783             60440      IL       BOLINGBROOK                                 Single Family                          8.5500
        784             90022      CA       LOS ANGELES                                 2-4 Family                             7.9000
        785             94621      CA       OAKLAND                                     Single Family                          7.7500
        786             98031      WA       KENT                                        Single Family                          7.6500
        787             58601      ND       DICKINSON                                   Single Family                          7.7500
        788             70802      LA       BATON ROUGE                                 Single Family                          8.9500
        789             11212      NY       BROOKLYN                                    2-4 Family                             8.5000
        790             70447      LA       MADISONVILLE                                Single Family                          8.9900
        791             81004      CO       PUEBLO                                      Single Family                          9.8000
        792             11208      NY       BROOKLYN                                    2-4 Family                             9.1500
        793             60647      IL       CHICAGO                                     Single Family                          9.3500
        794             90631      CA       LA HABRA                                    Single Family                          6.8000
        795             55033      MN       HASTINGS                                    Single Family                          7.5000
        796             90061      CA       LOS ANGELES                                 Single Family                          7.4000
        797             85242      AZ       QUEEN CREEK                                 Single Family                          6.8000
        798             98012      WA       MILL CREEK                                  Single Family                          7.4000
        799             92411      CA       SAN BERNARDINO                              Single Family                          6.9000
        800             33165      FL       MIAMI                                       Single Family                          7.4500
        801             31407      GA       PORT WENTWORTH                              Single Family                          7.6000
        802             86303      AZ       PRESCOTT                                    Single Family                         10.3000
        803             91351      CA       SANTA CLARITA                               Condominium                            8.1000
        804              8833      NJ       LEBANON                                     Single Family                          6.9900
        805             33071      FL       CORAL SPRINGS                               PUD                                    9.0500
        806             12086      NY       HAGAMAN                                     Single Family                          8.4000
        807             75771      TX       LINDALE                                     Single Family                          6.5000
        808             33351      FL       FORT LAUDERDALE                             Single Family                          7.1500
        809             20772      MD       UPPER MARLBORO                              PUD                                    8.6500
        810             73112      OK       OKLAHOMA CITY                               Single Family                         10.6000
        811             33019      FL       HOLLYWOOD                                   Condominium                            7.6000
        812              2715      MA       DIGHTON                                     Single Family                          7.5000
        813             21229      MD       BALTIMORE                                   Single Family                          7.1000
        814             44077      OH       CONCORD TOWNSHIP                            Single Family                          7.9500
        815             85715      AZ       TUCSON                                      PUD                                    6.9500
        816              7304      NJ       JERSEY CITY                                 Single Family                          8.3500
        817             92703      CA       SANTA ANA                                   Single Family                          8.9900
        818             11434      NY       JAMAICA                                     Single Family                          8.0500
        819             91342      CA       LOS ANGELES                                 Condominium                            7.5000
        820             92553      CA       MORENO VALLEY                               Single Family                         11.7000
        821             98133      WA       SHORELINE                                   Single Family                          7.8000
        822             60018      IL       DES PLAINES                                 Single Family                          8.9500
        823             81301      CO       DURANGO                                     PUD                                    6.7000
        824             77377      TX       TOMBALL                                     PUD                                    6.9900
        825             77373      TX       SPRING                                      PUD                                    7.4000
        826             70454      LA       PONCHATOULA                                 Single Family                          9.9500
        827             33147      FL       MIAMI                                       Single Family                         12.2000
        828             60156      IL       LAKE IN THE HIL                             Single Family                          8.6000
        829             63025      MO       EUREKA                                      Single Family                         10.3500
        830             60803      IL       ALSIP                                       Single Family                          8.9000
        831             10984      NY       THIELLS                                     Single Family                          7.6160
        832             33704      FL       SAINT PETERSBURG                            Single Family                          6.8500
        833             33196      FL       MIAMI                                       Single Family                          8.9500
        834              7305      NJ       JERSEY CITY                                 2-4 Family                             7.5000
        835              7648      NJ       BOROUGH OF NORW                             Single Family                          7.9900
        836             11783      NY       SEAFORD                                     Single Family                          8.7000
        837             44108      OH       CLEVELAND                                   Single Family                         10.6500
        838             85607      AZ       DOUGLAS                                     Single Family                         11.1500
        839             79401      TX       LUBBOCK                                     Condominium                           10.7000
        840             92882      CA       CORONA                                      Single Family                          9.2500
        841             80831      CO       PEYTON                                      Single Family                          9.5000
        842             17360      PA       SEVEN VALLEYS                               Single Family                          6.8500
        843             75074      TX       PLANO                                       PUD                                    6.9500
        844             48910      MI       LANSING                                     Single Family                         11.0500
        845             60143      IL       ITASCA                                      Single Family                         10.5500
        846             33330      FL       COOPER CITY                                 Single Family                          6.6500
        847              8036      NJ       HAINESPORT                                  Single Family                          7.0000
        848             89123      NV       LAS VEGAS                                   PUD                                    8.5500
        849              2056      MA       NORFOLK                                     Single Family                          9.9500
        850             32118      FL       DAYTONA BEACH                               Single Family                          8.9900
        851             95382      CA       TURLOCK                                     Single Family                          7.1500
        852             92407      CA       SAN BERNARDINO                              Single Family                          7.8000
        853             84043      UT       LEHI                                        Single Family                          8.0000
        854             85345      AZ       PEORIA                                      Single Family                          8.4500
        855             95050      CA       SANTA CLARA                                 Condominium                            8.9000
        856             81008      CO       PUEBLO                                      Single Family                          7.6000
        857             55325      MN       DASSEL                                      Single Family                          9.9900
        858              8081      NJ       SICKLERVILLE                                Single Family                          8.5000
        859             11206      NY       BROOKLYN                                    2-4 Family                             6.7500
        860             20832      MD       OLNEY                                       Single Family                          7.9900
        861             10913      NY       BLAUVELT                                    Single Family                          9.4000
        862             33023      FL       HOLLYWOOD                                   Single Family                          9.0500
        863             97071      OR       WOODBURN                                    Single Family                         10.4000
        864             10314      NY       STATEN ISLAND                               2-4 Family                             7.7000
        865             33813      FL       LAKELAND                                    Single Family                          7.7500
        866             20745      MD       OXON HILL                                   Single Family                          9.6000
        867             20772      MD       UPPER MARLBORO                              Single Family                          6.7000
        868             64081      MO       LEES SUMMIT                                 Single Family                          8.8000
        869             70058      LA       HARVEY                                      Single Family                          8.6500
        870             68164      NE       OMAHA                                       Single Family                          9.8500
        871             75104      TX       CEDAR HILL                                  Single Family                          7.6500
        872             33024      FL       HOLLYWOOD                                   2-4 Family                             9.8500
        873             93550      CA       PALMDALE                                    Single Family                          7.5000
        874             21206      MD       BALTIMORE                                   Single Family                          8.2500
        875             11412      NY       SAINT ALBANS                                Single Family                          6.0500
        876             21122      MD       PASADENA                                    Single Family                          8.9900
        877             90640      CA       MONTEBELLO                                  Single Family                          7.9500
        878             33971      FL       LEHIGH ACRES                                PUD                                    9.9500
        879             85323      AZ       AVONDALE                                    Single Family                          7.8500
        880             11716      NY       BOHEMIA                                     Single Family                          7.6500
        881             11701      NY       AMITYVILLE                                  Single Family                          9.4620
        882             98662      WA       VANCOUVER                                   Single Family                          7.2500
        883             14051      NY       EAST AMHERST                                Single Family                          8.7500
        884             98003      WA       FEDERAL WAY                                 Condominium                            8.1500
        885             98338      WA       GRAHAM                                      Single Family                          6.7500
        886             98056      WA       RENTON                                      Single Family                          7.7500
        887             96707      HI       KAPOLEI                                     PUD                                   10.5000
        888             91345      CA       LOS ANGELES                                 Single Family                          7.3750
        889             95961      CA       PLUMAS LAKE                                 Single Family                          7.5000
        890             92083      CA       VISTA                                       Single Family                          7.9900
        891             85331      AZ       CAVE CREEK                                  PUD                                   11.6000
        892             90270      CA       MAYWOOD                                     Single Family                          7.6500
        893             60644      IL       CHICAGO                                     Single Family                         10.3500
        894             44102      OH       CLEVELAND                                   Single Family                          8.3500
        895             98403      WA       TACOMA                                      Single Family                          7.9900
        896             84738      UT       IVINS                                       Single Family                          8.5000
        897             20602      MD       WALDORF                                     PUD                                    7.5000
        898             19904      DE       DOVER                                       Single Family                          7.2000
        899             48182      MI       TEMPERANCE                                  Single Family                          8.8000
        900             96734      HI       KAILUA                                      Single Family                          8.1500
        901             60491      IL       HOMER GLEN                                  Single Family                          7.9750
        902             33308      FL       LAUDERDALE BY THE SE                        Condominium                            7.9000
        903             90062      CA       LOS ANGELES                                 Single Family                          7.7500
        904             75044      TX       GARLAND                                     PUD                                    9.3700
        905             21157      MD       WESTMINSTER                                 Single Family                          8.6500
        906             33182      FL       MIAMI                                       Single Family                          7.8500
        907              7305      NJ       JERSEY CITY                                 2-4 Family                             9.8000
        908             33175      FL       MIAMI                                       Single Family                          8.7000
        909             60636      IL       CHICAGO                                     2-4 Family                             8.7250
        910             95377      CA       TRACY                                       Single Family                          6.9500
        911             90037      CA       LOS ANGELES                                 2-4 Family                             7.1500
        912             98058      WA       RENTON                                      Single Family                          8.0250
        913             80516      CO       ERIE                                        PUD                                    7.6500
        914             90301      CA       INGLEWOOD                                   Single Family                         10.5000
        915             94591      CA       VALLEJO                                     Single Family                          8.7000
        916             11758      NY       MASSAPEQUA                                  Single Family                          8.1000
        917              6514      CT       HAMDEN                                      Single Family                          7.7000
        918             10307      NY       STATEN ISLAND                               Single Family                         10.1000
        919             27501      NC       ANGIER                                      Single Family                         10.1000
        920             85364      AZ       YUMA                                        Single Family                          7.9500
        921             33162      FL       NORTH MIAMI BEACH                           Single Family                          8.9500
        922             95112      CA       SAN JOSE                                    2-4 Family                             7.9500
        923             90065      CA       LOS ANGELES                                 Single Family                          7.5000
        924             33138      FL       MIAMI                                       Single Family                          8.2500
        925             49050      MI       DOWLING                                     Single Family                          9.4250
        926              7110      NJ       NUTLEY                                      Single Family                          7.9900
        927             44053      OH       LORAIN                                      Single Family                          9.3500
        928             33014      FL       HIALEAH                                     Condominium                            9.8000
        929             49085      MI       SAINT JOSEPH                                Single Family                          8.8500
        930             11411      NY       CAMBRIA HEIGHTS                             Single Family                          7.9500
        931             11950      NY       MASTIC                                      Single Family                         10.8130
        932             60643      IL       CHICAGO                                     Single Family                          7.9900
        933             32541      FL       DESTIN                                      Single Family                          6.9000
        934             60612      IL       CHICAGO                                     Single Family                          7.9750
        935             11706      NY       BAYSHORE                                    Single Family                          9.0000
        936             90745      CA       CARSON                                      Condominium                           10.4000
        937             93535      CA       LANCASTER                                   Single Family                          8.4000
        938             34120      FL       NAPLES                                      Single Family                          7.3500
        939              6515      CT       NEW HAVEN                                   Single Family                          6.6000
        940             33165      FL       MIAMI                                       Single Family                          6.9500
        941             70706      LA       DENHAM SPRINGS                              Single Family                          7.7500
        942             93550      CA       PALMDALE                                    Single Family                          9.3500
        943             91744      CA       LA PUENTE                                   Single Family                          7.3500
        944             93536      CA       LANCASTER                                   Single Family                          7.7500
        945             90003      CA       LOS ANGELES                                 2-4 Family                             7.6500
        946             92405      CA       SAN BERNARDINO                              2-4 Family                             7.6000
        947             46407      IN       GARY                                        Single Family                         11.5000
        948             21074      MD       HAMPSTEAD                                   Single Family                          8.9900
        949             37027      TN       BRENTWOOD                                   PUD                                    7.7500
        950             55016      MN       COTTAGE GROVE                               PUD                                    9.9900
        951              8742      NJ       POINT PLEASANT                              Single Family                          7.0000
        952             11520      NY       VILLAGE OF FREE                             Condominium                            8.0500
        953             92881      CA       CORONA                                      Condominium                            9.4000
        954             85042      AZ       PHOENIX                                     Single Family                          8.3500
        955              8638      NJ       TOWNSHIP OF EWI                             Single Family                          7.8370
        956             21040      MD       EDGEWOOD                                    Single Family                          7.0000
        957             60406      IL       BLUE ISLAND                                 Single Family                          9.5500
        958             33126      FL       MIAMI                                       Single Family                          8.2250
        959             65203      MO       COLUMBIA                                    Single Family                         10.6000
        960             11779      NY       RONKONKOMA                                  Single Family                          7.2000
        961             39362      MS       STATE LINE                                  Single Family                         11.1000
        962             60107      IL       STREAMWOOD                                  Single Family                         10.1200
        963             91306      CA       LOS ANGELES                                 Condominium                            9.5000
        964             60564      IL       NAPERVILLE                                  Single Family                          8.0500
        965             48034      MI       SOUTHFIELD                                  Single Family                         11.7000
        966              7036      NJ       LINDEN                                      2-4 Family                            10.3500
        967             11968      NY       SOUTHAMPTON                                 Single Family                          8.6500
        968             33138      FL       MIAMI SHORES                                Single Family                          7.2000
        969             84790      UT       SAINT GEORGE                                PUD                                    9.9500
        970             33414      FL       WELLINGTON                                  Single Family                          8.6500
        971             33033      FL       HOMESTEAD                                   Single Family                          8.0500
        972             33594      FL       VALRICO                                     Single Family                          9.2500
        973             91752      CA       MIRA LOMA                                   Single Family                          7.9500
        974             93433      CA       GROVER BEACH                                2-4 Family                             7.9900
        975             95610      CA       CITRUS HEIGHTS                              Single Family                         11.1500
        976             90047      CA       LOS ANGELES                                 Single Family                          9.9900
        977             92672      CA       SAN CLEMENTE                                Single Family                          7.7500
        978              7306      NJ       JERSEY CITY                                 2-4 Family                             8.2500
        979             98053      WA       REDMOND                                     Single Family                          7.1000
        980             93727      CA       FRESNO                                      Single Family                          6.5000
        981             90063      CA       LOS ANGELES                                 2-4 Family                             8.0000
        982             60617      IL       CHICAGO                                     2-4 Family                             8.8000
        983              1749      MA       HUDSON                                      Single Family                          7.0000
        984             18049      PA       EMMAUS                                      2-4 Family                             9.8000
        985              7114      NJ       NEWARK                                      2-4 Family                             9.3000
        986             60632      IL       CHICAGO                                     2-4 Family                             8.0500
        987             60611      IL       CHICAGO                                     Condominium                            8.2750
        988             55410      MN       MINNEAPOLIS                                 Single Family                          9.5600
        989             89131      NV       LAS VEGAS                                   PUD                                    6.8500
        990             19426      PA       PERKIOMEN TOWNSHIP                          PUD                                    9.8500
        991             21001      MD       ABERDEEN                                    PUD                                    7.8750
        992             55427      MN       NEW HOPE                                    2-4 Family                             7.0000
        993             11420      NY       SOUTH OZONE PARK                            Single Family                          7.4500
        994             94517      CA       CLAYTON                                     Single Family                          7.8500
        995             60647      IL       CHICAGO                                     Single Family                          8.6500
        996             32732      FL       GENEVA                                      Single Family                          7.6000
        997             70815      LA       BATON ROUGE                                 Single Family                          7.3000
        998             85242      AZ       QUEEN CREEK                                 PUD                                   10.4000
        999             92264      CA       PALM SPRINGS                                Condominium                            9.4000
       1000             89130      NV       LAS VEGAS                                   Single Family                          7.1000
       1001             35405      AL       TUSCALOOSA                                  Single Family                          7.9900
       1002             85737      AZ       TUCSON                                      Single Family                          8.5000
       1003             85243      AZ       QUEEN CREEK                                 Single Family                          8.4500
       1004             90026      CA       LOS ANGELES                                 2-4 Family                             7.5000
       1005             20754      MD       DUNKIRK                                     Single Family                          7.2000
       1006             98168      WA       TUKWILA                                     Single Family                          7.4800
       1007             95206      CA       STOCKTON                                    Single Family                          8.1000
       1008             84065      UT       HERRIMAN                                    PUD                                    7.9000
       1009             92019      CA       EL CAJON                                    Condominium                            9.8000
       1010             21102      MD       MANCHESTER                                  Single Family                          7.0000
       1011             49009      MI       KALAMAZOO                                   Single Family                          9.3500
       1012             70058      LA       HARVEY                                      Single Family                          7.3500
       1013             60060      IL       MUNDELEIN                                   Single Family                          7.8250
       1014             91732      CA       EL MONTE                                    Single Family                          8.8000
       1015             60067      IL       PALATINE                                    Condominium                            9.8500
       1016             33165      FL       MIAMI                                       Single Family                          7.3000
       1017             21117      MD       OWINGS MILLS                                Condominium                            7.0000
       1018             91745      CA       HACIENDA HEIGHTS                            Single Family                          7.0000
       1019             11221      NY       BROOKLYN                                    2-4 Family                             7.4900
       1020             20794      MD       JESSUP                                      Single Family                          8.2500
       1021             92336      CA       FONTANA                                     Single Family                          6.6500
       1022              8724      NJ       TOWNSHIP OF BRICK                           Single Family                          8.0750
       1023             77429      TX       CYPRESS                                     PUD                                    9.2500
       1024             60613      IL       CHICAGO                                     Condominium                            8.7500
       1025             33566      FL       PLANT CITY                                  Single Family                          6.7500
       1026              6810      CT       DANBURY                                     Single Family                          9.4880
       1027             98303      WA       ANDERSON ISLAND                             PUD                                    8.0500
       1028             33193      FL       MIAMI                                       PUD                                    8.6500
       1029             99507      AK       ANCHORAGE                                   Single Family                          6.8000
       1030             91740      CA       GLENDORA                                    Single Family                          8.5500
       1031             85242      AZ       QUEEN CREEK                                 Single Family                          9.1500
       1032             85207      AZ       MESA                                        Single Family                          7.9500
       1033             94531      CA       ANTIOCH                                     Single Family                          9.2500
       1034             90304      CA       INGLEWOOD                                   2-4 Family                             9.2500
       1035             33023      FL       MIRAMAR                                     Single Family                         10.6500
       1036             80221      CO       DENVER                                      Single Family                          7.2500
       1037             60131      IL       FRANKLIN PARK                               Single Family                          9.3750
       1038             70805      LA       BATON ROUGE                                 Single Family                          9.7500
       1039             90638      CA       LA MIRADA                                   Single Family                          8.2500
       1040             30075      GA       ROSWELL                                     PUD                                   11.6500
       1041             11726      NY       COPIAGUE                                    Single Family                          9.9000
       1042             89129      NV       LAS VEGAS                                   Condominium                            8.7500
       1043             91763      CA       MONTCLAIR                                   Single Family                          7.6500
       1044             70068      LA       LA PLACE                                    Single Family                          7.5000
       1045             32750      FL       LONGWOOD                                    Single Family                          8.2750
       1046              7452      NJ       GLEN ROCK                                   Single Family                          7.9000
       1047             60538      IL       MONTGOMERY                                  PUD                                    8.5500
       1048             19063      PA       MEDIA                                       Single Family                         11.0500
       1049             33312      FL       FORT LAUDERDALE                             Condominium                            8.2500
       1050             32301      FL       TALLAHASSEE                                 Single Family                          7.5000
       1051             84403      UT       OGDEN                                       Single Family                          9.5500
       1052             94401      CA       SAN MATEO                                   Single Family                          6.4500
       1053             98023      WA       FEDERAL WAY                                 PUD                                    9.5500
       1054             33173      FL       MIAMI                                       PUD                                    9.1500
       1055             30043      GA       LAWRENCEVILLE                               PUD                                   10.9000
       1056             19446      PA       LANSDALE                                    Single Family                          9.3000
       1057             33165      FL       MIAMI                                       Condominium                            9.8000
       1058             91403      CA       LOS ANGELES                                 Condominium                            7.9900
       1059             93552      CA       PALMDALE                                    Single Family                          8.8500
       1060             33418      FL       PALM BEACH GARDENS                          PUD                                    8.9000
       1061             90022      CA       LOS ANGELES                                 Single Family                          8.0000
       1062             97202      OR       PORTLAND                                    Single Family                          7.6500
       1063             96753      HI       KIHEI                                       Single Family                          6.4000
       1064             20611      MD       BEL ALTON                                   Single Family                          9.0500
       1065             94579      CA       SAN LEANDRO                                 Single Family                          8.6500
       1066             92656      CA       ALISO VIEJO                                 Condominium                            7.9900
       1067             60619      IL       CHICAGO                                     Single Family                         10.9000
       1068              8753      NJ       TOMS RIVER                                  Single Family                          7.5000
       1069             33426      FL       BOYNTON BEACH                               Single Family                          7.0250
       1070             85251      AZ       SCOTTSDALE                                  Condominium                           10.4000
       1071             33417      FL       WEST PALM BEACH                             Condominium                            8.1500
       1072             33461      FL       PALM SPRINGS                                Single Family                          9.6500
       1073             33142      FL       MIAMI                                       Single Family                          9.5500
       1074             32771      FL       SANFORD                                     Single Family                          9.3500
       1075             11413      NY       LAURELTON                                   Single Family                          7.0000
       1076             48042      MI       MACOMB TWP                                  Condominium                            7.4000
       1077              7036      NJ       LINDEN                                      Single Family                         10.0500
       1078             33436      FL       BOYNTON BEACH                               PUD                                   12.5500
       1079             33157      FL       MIAMI                                       Single Family                          8.3000
       1080             10301      NY       STATEN ISLAND                               2-4 Family                             8.3500
       1081             93550      CA       PALMDALE                                    Single Family                          9.7500
       1082             20748      MD       TEMPLE HILLS                                Single Family                          7.6000
       1083             94577      CA       SAN LEANDRO                                 Single Family                          6.9000
       1084             60156      IL       LAKE IN THE HIL                             Single Family                         10.6000
       1085             20871      MD       CLARKSBURG                                  Single Family                          7.0500
       1086             48335      MI       FARMINGTON                                  Single Family                          8.2000
       1087             33167      FL       NORTH MIAMI                                 Single Family                          8.1500
       1088             32208      FL       JACKSONVILLE                                Single Family                          9.0000
       1089             48421      MI       COLUMBIAVILLE                               Single Family                          8.8000
       1090             33143      FL       MIAMI                                       Single Family                          7.3000
       1091             93436      CA       LOMPOC                                      Single Family                          7.9000
       1092             92571      CA       PERRIS                                      Single Family                          9.4000
       1093             10952      NY       MONSEY                                      Single Family                          8.2000
       1094             33032      FL       MIAMI                                       Single Family                          6.8500
       1095             90221      CA       COMPTON                                     Single Family                          8.4000
       1096             97055      OR       SANDY                                       Single Family                          9.1000
       1097             84003      UT       AMERICAN FORK                               Single Family                          6.7500
       1098             19720      DE       NEW CASTLE                                  Single Family                          8.4500
       1099             21146      MD       SEVERNA PARK                                Single Family                          8.9900
       1100             34117      FL       NAPLES                                      Single Family                          8.1000
       1101             33063      FL       POMPANO BEACH                               Single Family                          9.8500
       1102             89015      NV       HENDERSON                                   Single Family                          7.1500
       1103             92507      CA       RIVERSIDE                                   Single Family                         10.2750
       1104             60659      IL       CHICAGO                                     Single Family                          8.6250
       1105              2421      MA       LEXINGTON                                   Single Family                          6.5000
       1106             70058      LA       HARVEY                                      2-4 Family                            11.9500
       1107             79936      TX       EL PASO                                     Single Family                          9.2000
       1108             60053      IL       MORTON GROVE                                Single Family                          7.5500
       1109             11207      NY       BROOKLYN                                    2-4 Family                             9.0000
       1110             33138      FL       MIAMI                                       Single Family                          7.1000
       1111              8731      NJ       LACEY                                       Single Family                         10.2000
       1112             32137      FL       PALM COAST                                  PUD                                    6.8500
       1113             93637      CA       MADERA                                      Single Family                          9.9000
       1114             33139      FL       MIAMI BEACH                                 Condominium                           10.5000
       1115             98001      WA       AUBURN                                      PUD                                    7.9500
       1116              7062      NJ       PLAINFIELD                                  Single Family                          7.3000
       1117             96793      HI       WAILUKU                                     Single Family                          7.2250
       1118             92405      CA       SAN BERNARDINO                              2-4 Family                             7.4000
       1119             89031      NV       NORTH LAS VEGAS                             Single Family                         10.4000
       1120             90240      CA       DOWNEY                                      Single Family                          7.7000
       1121             92592      CA       TEMECULA                                    Single Family                          7.4500
       1122             85027      AZ       PHOENIX                                     PUD                                    9.3000
       1123             92234      CA       CATHEDRAL CITY                              Single Family                          7.2000
       1124             95833      CA       SACRAMENTO                                  Single Family                          7.6000
       1125             97603      OR       KLAMATH FALLS                               Single Family                         10.2500
       1126             90305      CA       INGLEWOOD                                   Single Family                          9.2000
       1127             91711      CA       CLAREMONT                                   Single Family                          7.8000
       1128             20744      MD       FORT WASHINGTON                             Single Family                          7.2000
       1129             92345      CA       HESPERIA                                    Single Family                          7.7500
       1130              7201      NJ       ELIZABETH                                   2-4 Family                            10.3500
       1131             60077      IL       SKOKIE                                      Condominium                           10.3500
       1132             60025      IL       GLENVIEW                                    Single Family                          9.2500
       1133             30294      GA       ELLENWOOD                                   Single Family                         10.2500
       1134             11436      NY       JAMAICA                                     Single Family                          7.9900
       1135              1075      MA       SOUTH HADLEY                                2-4 Family                             7.5000
       1136             85205      AZ       MESA                                        Single Family                          8.2000
       1137             93551      CA       PALMDALE                                    Single Family                          6.5000
       1138             90019      CA       LOS ANGELES                                 Single Family                          7.4500
       1139             11422      NY       QUEENS                                      Single Family                          7.3750
       1140              7047      NJ       NORTH BERGEN                                2-4 Family                             9.3000
       1141              8054      NJ       MOUNT LAUREL TWP.                           PUD                                   10.6000
       1142             33331      FL       SOUTHWEST RANCHES                           PUD                                    8.0000
       1143             92234      CA       CATHEDRAL CITY                              Single Family                          7.9900
       1144              2814      RI       CHEPACHET                                   Single Family                          6.4500
       1145             92227      CA       BRAWLEY                                     Single Family                          8.8500
       1146             70058      LA       HARVEY                                      Single Family                          8.6000
       1147             43302      OH       MARION                                      Single Family                         10.7000
       1148             54601      WI       LA CROSSE                                   Single Family                         11.2000
       1149              1906      MA       SAUGUS                                      Single Family                          9.8000
       1150             20744      MD       FORT WASHINGTON                             Single Family                          6.9900
       1151              8901      NJ       NEW BRUNSWICK                               Single Family                          8.5000
       1152             98110      WA       BAINBRIDGE ISLA                             Single Family                          7.2000
       1153             93063      CA       SIMI VALLEY                                 Single Family                          6.6000
       1154             96740      HI       KAILUA KONA                                 Single Family                          7.8500
       1155             95321      CA       GROVELAND                                   PUD                                    7.9900
       1156             94015      CA       DALY CITY                                   Single Family                          7.1000
       1157             63034      MO       FLORISSANT                                  PUD                                   10.8000
       1158             21737      MD       GLENELG                                     Single Family                          7.4500
       1159             34982      FL       FORT PIERCE                                 PUD                                    8.5000
       1160             96001      CA       REDDING                                     Single Family                          7.7500
       1161             30633      GA       DANIELSVILLE                                Single Family                          7.6250
       1162             92308      CA       APPLE VALLEY                                Single Family                          7.5500
       1163              7666      NJ       TOWNSHIP OF TEANECK                         Single Family                          6.8500
       1164             75248      TX       DALLAS                                      Single Family                          7.5000
       1165             33321      FL       TAMARAC                                     PUD                                    8.5000
       1166             44281      OH       WADSWORTH                                   Single Family                          9.2000
       1167             55448      MN       COON RAPIDS                                 Single Family                          9.9500
       1168             33035      FL       HOMESTEAD                                   Condominium                            7.1500
       1169             85242      AZ       QUEEN CREEK                                 PUD                                    7.0500
       1170             92410      CA       HIGHLAND                                    Single Family                          7.9750
       1171             64131      MO       KANSAS CITY                                 Single Family                          9.9000
       1172             60419      IL       DOLTON                                      Single Family                          9.3500
       1173             44094      OH       WILLOUGHBY                                  Single Family                          9.3000
       1174             32824      FL       ORLANDO                                     PUD                                    9.8750
       1175             32804      FL       ORLANDO                                     Single Family                          7.7500
       1176             32065      FL       ORANGE PARK                                 PUD                                    7.1500
       1177             33321      FL       TAMARAC                                     Condominium                            8.4500
       1178              2322      MA       AVON                                        Single Family                          7.0500
       1179             89119      NV       LAS VEGAS                                   Single Family                          8.7500
       1180             33055      FL       MIAMI GARDENS                               Single Family                         11.0500
       1181             46205      IN       INDIANAPOLIS                                Single Family                         11.4250
       1182             48446      MI       LAPEER                                      Single Family                         10.4000
       1183             10974      NY       SLOATSBURG                                  Single Family                          6.8000
       1184             60805      IL       EVERGREEN PARK                              Single Family                          7.9500
       1185             11901      NY       RIVERHEAD                                   Single Family                          7.5000
       1186             85016      AZ       PHOENIX                                     Condominium                            7.4500
       1187             53218      WI       MILWAUKEE                                   Single Family                         11.0000
       1188             93313      CA       BAKERSFIELD                                 Single Family                          7.5000
       1189             98405      WA       TACOMA                                      Single Family                          7.5000
       1190             96707      HI       KAPOLEI                                     PUD                                    6.1800
       1191             92336      CA       FONTANA                                     Single Family                          9.3500
       1192             89408      NV       FERNLEY                                     Single Family                          6.9000
       1193             98118      WA       SEATTLE                                     Single Family                          6.8500
       1194             19064      PA       SPRINGFIELD                                 Single Family                          7.6380
       1195              7601      NJ       HACKENSACK                                  Single Family                          7.5000
       1196             92376      CA       RIALTO                                      Single Family                          8.0500
       1197             98065      WA       SNOQUALMIE                                  PUD                                    7.0000
       1198             33029      FL       MIRAMAR                                     PUD                                    8.0000
       1199             21409      MD       ANNAPOLIS                                   Condominium                            7.0000
       1200             90717      CA       LOMITA                                      Condominium                            7.5000
       1201             10977      NY       NEW HEMPSTEAD                               Single Family                          7.8500
       1202             11746      NY       HUNTINGTON STATION                          Single Family                          8.1500
       1203              7076      NJ       SCOTCH PLAINS                               Single Family                         10.6000
       1204             10307      NY       STATEN ISLAND                               Single Family                          8.2500
       1205             33054      FL       OPA LOCKA                                   Single Family                          9.7500
       1206              7055      NJ       PASSAIC                                     2-4 Family                             9.0000
       1207             19801      DE       WILMINGTON                                  Single Family                         11.0500
       1208             98366      WA       PORT ORCHARD                                Single Family                          6.9900
       1209             35476      AL       NORTHPORT                                   Single Family                         10.1000
       1210             64130      MO       KANSAS CITY                                 Single Family                          9.9500
       1211             85363      AZ       YOUNGTOWN                                   Single Family                         11.5500
       1212             92139      CA       SAN DIEGO                                   Single Family                          7.5000
       1213             96740      HI       KAILUA-KONA                                 Single Family                          7.5500
       1214             94564      CA       PINOLE                                      Single Family                          8.4000
       1215             89131      NV       LAS VEGAS                                   PUD                                    9.2500
       1216             90280      CA       SOUTH GATE                                  2-4 Family                             7.6500
       1217             92880      CA       CORONA                                      PUD                                    6.5000
       1218             95123      CA       SAN JOSE                                    Condominium                            9.6500
       1219             33019      FL       HOLLYWOOD                                   Condominium                            7.8000
       1220             60035      IL       HIGHLAND PARK                               Single Family                         10.7500
       1221             19061      PA       BOOTHWYN                                    Single Family                          7.6500
       1222             84054      UT       NORTH SALT LAKE                             Single Family                          8.3500
       1223             20724      MD       LAUREL                                      Single Family                          9.9900
       1224             33065      FL       CORAL SPRINGS                               Single Family                          7.7500
       1225             93422      CA       ATASCADERO                                  Single Family                          8.7500
       1226             92154      CA       SAN DIEGO                                   Condominium                           10.3500
       1227             95838      CA       SACRAMENTO                                  2-4 Family                             8.3500
       1228             96746      HI       KAPAA                                       Single Family                          5.9500
       1229             95746      CA       GRANITE BAY                                 PUD                                    6.2000
       1230             95843      CA       ANTELOPE                                    Single Family                          7.9000
       1231             90262      CA       LYNWOOD                                     2-4 Family                             7.6000
       1232             92504      CA       RIVERSIDE                                   Single Family                          7.1000
       1233             92262      CA       PALM SPRINGS                                Single Family                          7.0500
       1234             33179      FL       MIAMI                                       Condominium                            8.7500
       1235             33137      FL       MIAMI                                       Single Family                          8.4500
       1236              6905      CT       STAMFORD                                    Single Family                          6.2500
       1237             75228      TX       DALLAS                                      Single Family                          8.8500
       1238             91343      CA       LOS ANGELES                                 Single Family                          6.7500
       1239             90746      CA       CARSON                                      Single Family                          7.5500
       1240             93313      CA       BAKERSFIELD                                 Single Family                          8.6000
       1241             98375      WA       PUYALLUP                                    PUD                                    8.2500
       1242             34711      FL       CLERMONT                                    PUD                                   10.4000
       1243             55345      MN       MINNETONKA                                  Single Family                          8.1000
       1244              8876      NJ       TWP OF BRANCHBURG                           Condominium                           10.8000
       1245             92530      CA       LAKE ELSINORE                               Single Family                          7.2500
       1246             45237      OH       CINCINNATI                                  Single Family                          7.6000
       1247             89103      NV       LAS VEGAS                                   Single Family                          9.5000
       1248             92867      CA       ORANGE                                      PUD                                    6.2000
       1249             92126      CA       SAN DIEGO                                   Single Family                          6.1000
       1250             92130      CA       SAN DIEGO                                   Single Family                          6.1000
       1251             91016      CA       MONROVIA                                    Single Family                          6.1000
       1252             85239      AZ       MARICOPA                                    PUD                                   12.5000
       1253             85032      AZ       PHOENIX                                     Single Family                          7.9900
       1254             85007      AZ       PHOENIX                                     Single Family                          8.9000
       1255             33569      FL       RIVERVIEW                                   PUD                                    9.5000
       1256              1108      MA       SPRINGFIELD                                 Condominium                           10.6500
       1257             34952      FL       PORT SAINT LUCIE                            Single Family                          7.6000
       1258             11411      NY       CAMBRIA HEIGHTS                             Single Family                          8.3000
       1259             30078      GA       SNELLVILLE                                  PUD                                    8.9500
       1260             33033      FL       HOMESTEAD                                   Single Family                          7.9000
       1261             48206      MI       DETROIT                                     Single Family                          9.9000
       1262             33065      FL       CORAL SPRINGS                               2-4 Family                             7.2500
       1263             11786      NY       SHOREHAM                                    Single Family                          7.9250
       1264             34638      FL       LAND O LAKES                                PUD                                    6.5000
       1265             33440      FL       CLEWISTON                                   Single Family                          8.4870
       1266             11003      NY       ELMONT                                      Single Family                          7.5000
       1267             89015      NV       HENDERSON                                   PUD                                    7.2500
       1268             91340      CA       SAN FERNANDO                                Single Family                          7.5000
       1269             85282      AZ       TEMPE                                       Single Family                          7.3500
       1270             80219      CO       DENVER                                      Single Family                         10.4500
       1271             15601      PA       GREENSBURG                                  Single Family                          8.4000
       1272             11369      NY       EAST ELMHURST                               Single Family                          7.7000
       1273             60417      IL       CRETE                                       Single Family                          7.8750
       1274             33178      FL       DORAL                                       PUD                                    9.4000
       1275             19023      PA       DARBY                                       Single Family                          8.5500
       1276             33993      FL       CAPE CORAL                                  Single Family                         10.9000
       1277             91709      CA       CHINO HILLS                                 Single Family                          8.1000
       1278             77355      TX       MAGNOLIA                                    PUD                                    7.7500
       1279             98311      WA       BREMERTON                                   Single Family                          8.9000
       1280             85029      AZ       PHOENIX                                     Single Family                         11.0500
       1281             20744      MD       FORT WASHINGTON                             Single Family                          7.8750
       1282             60411      IL       CHICAGO HEIGHTS                             Single Family                          9.2000
       1283             95829      CA       SACRAMENTO                                  Single Family                          8.3000
       1284             91335      CA       LOS ANGELES                                 Single Family                          6.2000
       1285             96792      HI       WAIANAE                                     Single Family                          6.9900
       1286             96816      HI       HONOLULU                                    Single Family                          7.6500
       1287             94124      CA       SAN FRANCISCO                               Condominium                            8.0000
       1288             60139      IL       GLENDALE HEIGHT                             Single Family                          7.6500
       1289             90064      CA       LOS ANGELES                                 Single Family                          6.7500
       1290             92509      CA       RIVERSIDE                                   Single Family                          6.1000
       1291             85305      AZ       GLENDALE                                    Single Family                         11.8500
       1292             93722      CA       FRESNO                                      Single Family                          9.4500
       1293             92324      CA       COLTON                                      Single Family                          7.6000
       1294             91020      CA       MONTROSE                                    Condominium                            7.8500
       1295             90630      CA       CYPRESS                                     Single Family                          6.4500
       1296             96744      HI       KANEOHE                                     Single Family                          9.2000
       1297             49546      MI       GRAND RAPIDS                                Single Family                         10.4000
       1298             29466      SC       MOUNT PLEASANT                              PUD                                    8.3000
       1299             87105      NM       ALBUQUERQUE                                 Single Family                          9.3000
       1300             20782      MD       HYATTSVILLE                                 Single Family                          7.8000
       1301             60629      IL       CHICAGO                                     Single Family                          7.5000
       1302             60409      IL       CALUMET CITY                                Single Family                          9.5000
       1303             33637      FL       TAMPA                                       Condominium                            7.3500
       1304             60615      IL       CHICAGO                                     Single Family                          9.3750
       1305             34983      FL       PORT SAINT LUCIE                            Single Family                          9.4000
       1306              7644      NJ       LODI                                        Single Family                          7.9900
       1307             91701      CA       RANCHO CUCAMONG                             Single Family                          7.3000
       1308             99518      AK       ANCHORAGE                                   Single Family                         13.0000
       1309             15129      PA       SOUTH PARK                                  Single Family                          9.6000
       1310             48092      MI       WARREN                                      Single Family                          9.6000
       1311             77469      TX       RICHMOND                                    PUD                                    8.3500
       1312             33177      FL       MIAMI                                       Single Family                          7.7500
       1313             11236      NY       BROOKLYN                                    Single Family                          8.1500
       1314             90044      CA       LOS ANGELES                                 Single Family                          7.9250
       1315             33175      FL       MIAMI                                       PUD                                    8.1500
       1316             95380      CA       TURLOCK                                     Single Family                          8.1000
       1317             98118      WA       SEATTLE                                     Single Family                         11.5500
       1318             21014      MD       BEL AIR                                     Single Family                          7.0000
       1319             60156      IL       LAKE IN THE HIL                             PUD                                    9.2500
       1320             60645      IL       CHICAGO                                     Single Family                          7.9000
       1321             92019      CA       EL CAJON                                    Single Family                          6.1000
       1322             60657      IL       CHICAGO                                     Condominium                            8.4000
       1323             95610      CA       CITRUS HEIGHTS                              PUD                                    8.8500
       1324             44120      OH       CLEVELAND                                   Single Family                         10.7500
       1325             49329      MI       HOWARD CITY                                 Single Family                          9.5000
       1326             60632      IL       CHICAGO                                     2-4 Family                             8.4000
       1327             89144      NV       LAS VEGAS                                   PUD                                    8.1000
       1328             85249      AZ       CHANDLER                                    PUD                                   12.0000
       1329             93454      CA       SANTA MARIA                                 Single Family                          6.1250
       1330             33936      FL       LEHIGH ACRES                                Single Family                         12.3000
       1331             34476      FL       OCALA                                       Single Family                         12.3000
       1332              6905      CT       STAMFORD                                    Single Family                          6.7500
       1333             91775      CA       SAN GABRIEL                                 Single Family                          7.6600
       1334             60175      IL       SAINT CHARLES                               Single Family                          7.4000
       1335             34476      FL       OCALA                                       Single Family                          9.5000
       1336             21076      MD       HANOVER                                     PUD                                    9.5000
       1337             95726      CA       POLLOCK PINES                               Single Family                          8.1000
       1338             92503      CA       RIVERSIDE                                   Single Family                          7.8000
       1339             20748      MD       TEMPLE HILLS                                Single Family                          6.5000
       1340             91343      CA       LOS ANGELES                                 Single Family                          6.1000
       1341             95210      CA       STOCKTON                                    Single Family                         10.0000
       1342             85016      AZ       PHOENIX                                     Single Family                          7.9000
       1343             92706      CA       SANTA ANA                                   Single Family                          7.6500
       1344             91010      CA       DUARTE                                      Single Family                          9.0000
       1345             98223      WA       ARLINGTON                                   Single Family                          8.2780
       1346             92557      CA       MORENO VALLEY                               Single Family                          6.9900
       1347             93312      CA       BAKERSFIELD                                 Single Family                          6.5000
       1348             89423      NV       MINDEN                                      Single Family                          7.8500
       1349             91606      CA       LOS ANGELES                                 2-4 Family                             8.2500
       1350             93727      CA       FRESNO                                      Single Family                          8.9900
       1351             93065      CA       SIMI VALLEY                                 Single Family                          8.2500
       1352             95212      CA       STOCKTON                                    Single Family                          7.0000
       1353             98042      WA       KENT                                        PUD                                    6.9900
       1354             90032      CA       LOS ANGELES                                 Single Family                          7.1000
       1355             79413      TX       LUBBOCK                                     Single Family                         10.1000
       1356             96734      HI       KAILUA                                      Single Family                          5.9500
       1357              6611      CT       TRUMBULL                                    Single Family                          7.9000
       1358             20778      MD       WEST RIVER                                  Single Family                          8.8000
       1359             89015      NV       HENDERSON                                   Single Family                          9.0000
       1360             60002      IL       ANTIOCH                                     PUD                                    9.4000
       1361             90808      CA       LONG BEACH                                  Single Family                          6.1000
       1362             97503      OR       WHITE CITY                                  Single Family                          8.0000
       1363             33027      FL       MIRAMAR                                     PUD                                    7.1500
       1364             90278      CA       REDONDO BEACH                               Single Family                          6.0000
       1365             92335      CA       FONTANA                                     Single Family                          7.1000
       1366             11756      NY       LEVITTOWN                                   Single Family                          7.5500
       1367             11421      NY       WOODHAVEN                                   Single Family                          6.9900
       1368              7104      NJ       NEWARK                                      2-4 Family                             6.4000
       1369              2067      MA       SHARON                                      Single Family                          8.5000
       1370             95135      CA       SAN JOSE                                    Single Family                          6.0000
       1371             75154      TX       GLENN HEIGHTS                               PUD                                    6.9500
       1372             92376      CA       RIALTO                                      Single Family                          7.0000
       1373             85345      AZ       PEORIA                                      Single Family                         11.0000
       1374             94589      CA       VALLEJO                                     Single Family                          8.5500
       1375             90746      CA       CARSON                                      Single Family                          7.0000
       1376              7024      NJ       FORT LEE                                    Single Family                          6.0000
       1377             33196      FL       MIAMI                                       Single Family                          6.6000
       1378             33558      FL       LUTZ                                        Single Family                          7.9500
       1379             33401      FL       WEST PALM BEACH                             Condominium                            7.7500
       1380             33637      FL       TAMPA                                       Single Family                          9.1500
       1381             34786      FL       WINDERMERE                                  Condominium                            8.8500
       1382             60473      IL       SOUTH HOLLAND                               Single Family                          9.8000
       1383             85033      AZ       PHOENIX                                     Single Family                          8.1500
       1384             10470      NY       BRONX                                       2-4 Family                             8.3500
       1385             11213      NY       BROOKLYN                                    2-4 Family                             8.4000
       1386             48141      MI       INKSTER                                     Single Family                          7.2000
       1387             10464      NY       BRONX                                       2-4 Family                             7.7750
       1388             94801      CA       RICHMOND                                    Single Family                          5.7500
       1389             28166      NC       TROUTMAN                                    Single Family                          8.1500
       1390             93455      CA       SANTA MARIA                                 Condominium                            7.9900
       1391             84003      UT       HIGHLAND                                    Single Family                         12.7000
       1392             92882      CA       CORONA                                      Single Family                          7.5000
       1393             93551      CA       PALMDALE                                    Single Family                          8.6500
       1394             94520      CA       CONCORD                                     PUD                                    8.9000
       1395             89117      NV       LAS VEGAS                                   Single Family                          8.8000
       1396             27516      NC       CHAPEL HILL                                 Single Family                          9.5000
       1397             60409      IL       CALUMET CITY                                2-4 Family                             9.9000
       1398             33441      FL       DEERFIELD BEACH                             Single Family                          7.8000
       1399             92123      CA       SAN DIEGO                                   Condominium                            7.5000
       1400             33436      FL       BOYNTON BEACH                               PUD                                    7.2500
       1401              7035      NJ       LINCOLN PARK                                Single Family                          6.5000
       1402             33026      FL       COOPER CITY                                 Single Family                         10.1500
       1403             33155      FL       MIAMI                                       Single Family                          7.9500
       1404             33446      FL       DELRAY BEACH                                PUD                                    8.6500
       1405             55311      MN       MAPLE GROVE                                 Single Family                         10.4000
       1406             90221      CA       COMPTON                                     2-4 Family                             7.0000
       1407             80111      CO       CENTENNIAL                                  Single Family                          7.0000
       1408             85340      AZ       LITCHFIELD PARK                             Single Family                          6.8500
       1409             33055      FL       OPA LOCKA                                   Single Family                          8.9500
       1410             11232      NY       BROOKLYN                                    2-4 Family                             7.9000
       1411             98117      WA       SEATTLE                                     Single Family                          6.8500
       1412             33313      FL       SUNRISE                                     Single Family                          9.5000
       1413             33764      FL       CLEARWATER                                  Single Family                          8.5000
       1414             91605      CA       LOS ANGELES                                 Single Family                         12.8000
       1415             91335      CA       LOS ANGELES                                 Condominium                            8.8000
       1416             60002      IL       ANTIOCH                                     PUD                                    7.1500
       1417             95864      CA       SACRAMENTO                                  Single Family                          7.7000
       1418             21237      MD       ROSEDALE                                    PUD                                    7.1250
       1419             96761      HI       LAHAINA                                     Single Family                          7.7000
       1420              6098      CT       WINCHESTER                                  Single Family                          6.4500
       1421             92118      CA       CORONADO                                    PUD                                    6.0000
       1422             77355      TX       MAGNOLIA                                    PUD                                   10.4000
       1423             92404      CA       SAN BERNARDINO                              Single Family                          8.4500
       1424             93030      CA       OXNARD                                      Condominium                            6.4500
       1425             89147      NV       LAS VEGAS                                   Single Family                         12.7500
       1426             33308      FL       FORT LAUDERDALE                             Single Family                          6.3000
       1427             33914      FL       CAPE CORAL                                  Single Family                          9.7000
       1428              6801      CT       BETHEL                                      Single Family                          5.9500
       1429             19120      PA       PHILADELPHIA                                Single Family                          7.8000
       1430             10950      NY       MONROE                                      Single Family                          7.6500
       1431             90280      CA       SOUTH GATE                                  Single Family                          8.2500
       1432             95060      CA       SANTA CRUZ                                  PUD                                    6.0000
       1433             95370      CA       SONORA                                      Single Family                          6.1000
       1434             70433      LA       COVINGTON                                   Single Family                          7.0000
       1435             35622      AL       FALKVILLE                                   Single Family                          9.2750
       1436              8835      NJ       MANVILLE                                    Single Family                          8.7000
       1437             80534      CO       JOHNSTOWN                                   PUD                                    7.0000
       1438             19020      PA       BENSALEM                                    Single Family                          9.6500
       1439             27106      NC       WINSTON SALEM                               Single Family                          9.9900
       1440             94061      CA       REDWOOD CITY                                Single Family                          8.9500
       1441             98391      WA       BONNEY LAKE                                 PUD                                    8.9500
       1442             90249      CA       GARDENA                                     Single Family                          7.8120
       1443             91605      CA       LOS ANGELES                                 Single Family                          7.7500
       1444             94598      CA       WALNUT CREEK                                Single Family                          6.0000
       1445             92120      CA       SAN DIEGO                                   Single Family                          6.0000
       1446             95973      CA       CHICO                                       Single Family                          8.6000
       1447             33185      FL       MIAMI                                       Single Family                          8.2000
       1448             91205      CA       GLENDALE                                    2-4 Family                             7.9900
       1449             77479      TX       SUGAR LAND                                  PUD                                   10.3000
       1450             85051      AZ       PHOENIX                                     Single Family                          9.7000
       1451             29414      SC       CHARLESTON                                  Single Family                          8.9900
       1452             60175      IL       SAINT CHARLES                               Single Family                          7.1000
       1453             60478      IL       COUNTRY CLUB HI                             Single Family                          9.5500
       1454             11801      NY       HICKSVILLE                                  Single Family                          8.6500
       1455             33073      FL       COCONUT CREEK                               Condominium                            9.9500
       1456             98422      WA       TACOMA                                      Single Family                          7.8500
       1457             60118      IL       SLEEPY HOLLOW                               Single Family                          9.1000
       1458             11411      NY       CAMBRIA HEIGHTS                             Single Family                         10.7500
       1459             55347      MN       EDEN PRAIRIE                                Single Family                          9.5000
       1460             90803      CA       LONG BEACH                                  Single Family                          8.8500
       1461             78250      TX       SAN ANTONIO                                 PUD                                    9.3500
       1462             92509      CA       RIVERSIDE                                   PUD                                    7.2500
       1463             60624      IL       CHICAGO                                     2-4 Family                            13.0000
       1464             32811      FL       ORLANDO                                     Single Family                          6.9900
       1465             92392      CA       VICTORVILLE                                 Single Family                          7.4500
       1466             33326      FL       WESTON                                      PUD                                    9.1500
       1467              2021      MA       CANTON                                      Single Family                          5.9500
       1468             85037      AZ       PHOENIX                                     Single Family                         12.9500
       1469             93455      CA       SANTA MARIA                                 PUD                                    8.9900
       1470             85249      AZ       CHANDLER                                    PUD                                   12.9500
       1471              6770      CT       NAUGATUCK                                   Single Family                         10.2000
       1472             44614      OH       CANAL FULTON                                Single Family                         10.3000
       1473             33811      FL       LAKELAND                                    Single Family                          9.5000
       1474             85218      AZ       GOLD CANYON                                 Single Family                          7.4900
       1475             11779      NY       RONKONKOMA                                  Single Family                          8.1250
       1476             85303      AZ       GLENDALE                                    Single Family                          8.9500
       1477             92408      CA       SAN BERNARDINO                              Single Family                          7.7500
       1478             60561      IL       DARIEN                                      PUD                                   12.8500
       1479             21230      MD       BALTIMORE                                   Single Family                         10.7500
       1480              7002      NJ       BAYONNE                                     2-4 Family                            12.8500
       1481             98407      WA       TACOMA                                      Single Family                         10.5000
       1482             85204      AZ       MESA                                        Single Family                         12.5500
       1483             90650      CA       NORWALK                                     Single Family                          7.1500
       1484             11413      NY       LAURELTON                                   Single Family                          8.5000
       1485             75791      TX       WHITEHOUSE                                  Single Family                          7.3500
       1486             60630      IL       CHICAGO                                     2-4 Family                             7.0000
       1487             64078      MO       PECULIAR                                    Single Family                          9.8500
       1488             95928      CA       CHICO                                       Single Family                          9.7000
       1489             11554      NY       EAST MEADOW                                 Single Family                          7.9900
       1490             11793      NY       WANTAGH                                     Single Family                          6.9000
       1491             46614      IN       SOUTH BEND                                  Single Family                          9.5000
       1492             33418      FL       PALM BEACH GARDENS                          Single Family                          8.4500
       1493             93706      CA       FRESNO                                      Single Family                          7.2500
       1494             34746      FL       KISSIMMEE                                   PUD                                   13.0000
       1495             93722      CA       FRESNO                                      Single Family                          7.7000
       1496             60194      IL       SCHAUMBURG                                  Single Family                          7.9900
       1497             80920      CO       COLORADO SPRINGS                            PUD                                   12.8500
       1498             32514      FL       PENSACOLA                                   Single Family                          8.5000
       1499             32832      FL       ORLANDO                                     Single Family                          7.8500
       1500             93619      CA       CLOVIS                                      Single Family                         10.8500
       1501              7055      NJ       PASSAIC                                     2-4 Family                            12.9500
       1502             78260      TX       SAN ANTONIO                                 PUD                                   10.4900
       1503              7513      NJ       PATERSON                                    2-4 Family                            12.9500
       1504             60025      IL       GLENVIEW                                    Condominium                           12.8000
       1505             90011      CA       LOS ANGELES                                 2-4 Family                             6.3500
       1506             60657      IL       CHICAGO                                     Condominium                           13.0000
       1507              8021      NJ       PINE HILL                                   Single Family                         12.8370
       1508             11753      NY       JERICHO                                     PUD                                    6.0500
       1509             44106      OH       CLEVELAND HEIGHTS                           Single Family                          7.2000
       1510             92407      CA       SAN BERNARDINO                              Single Family                          8.9900
       1511             60707      IL       ELMWOOD PARK                                Single Family                          8.4000
       1512              7508      NJ       HALEDON                                     Single Family                          9.4000
       1513             92376      CA       RIALTO                                      Single Family                         10.1030
       1514             94591      CA       VALLEJO                                     Single Family                         12.8000
       1515             89403      NV       DAYTON                                      Single Family                          7.9900
       1516             91767      CA       POMONA                                      PUD                                   12.8000
       1517              1876      MA       TEWKSBURY                                   Condominium                           11.2500
       1518              1876      MA       TEWKSBURY                                   Single Family                          8.9900
       1519             89506      NV       RENO                                        Single Family                         12.8500
       1520              8205      NJ       GALLOWAY                                    Single Family                         10.2000
       1521              2149      MA       EVERETT                                     Condominium                           12.8000
       1522             85201      AZ       MESA                                        Single Family                         11.6500
       1523             85035      AZ       PHOENIX                                     Single Family                         12.9500
       1524             60645      IL       CHICAGO                                     Condominium                            8.5000
       1525             55422      MN       ROBBINSDALE                                 Single Family                          9.8500
       1526             33351      FL       SUNRISE                                     PUD                                    7.5500
       1527             94590      CA       VALLEJO                                     Single Family                         10.7500
       1528             11550      NY       HEMPSTEAD                                   Single Family                          8.8000
       1529             76542      TX       KILLEEN                                     Single Family                          6.2500
       1530             53216      WI       MILWAUKEE                                   Single Family                         10.2250
       1531             63121      MO       SAINT LOUIS                                 Single Family                          9.9000
       1532             60021      IL       FOX RIVER GROVE                             Single Family                          9.5000
       1533             89015      NV       HENDERSON                                   PUD                                   10.3500
       1534             19026      PA       DREXEL HILL                                 2-4 Family                             8.5000
       1535             85086      AZ       ANTHEM                                      PUD                                    9.4000
       1536             55082      MN       STILLWATER                                  Single Family                          8.7000
       1537             33322      FL       SUNRISE                                     Single Family                          8.2500
       1538             80010      CO       AURORA                                      Single Family                          9.5000
       1539             27265      NC       HIGH POINT                                  Condominium                            8.9900
       1540             84097      UT       OREM                                        Single Family                         10.7050
       1541             60411      IL       SAUK VILLAGE                                Single Family                          7.2500
       1542             48001      MI       ALGONAC                                     Single Family                          7.8750
       1543             33334      FL       OAKLAND PARK                                Single Family                          8.7500
       1544             48085      MI       TROY                                        Single Family                          8.3000
       1545             34996      FL       STUART                                      Single Family                          8.5500
       1546             33027      FL       MIRAMAR                                     Condominium                            9.7000
       1547             33023      FL       MIRAMAR                                     Single Family                          8.3000
       1548             46350      IN       LA PORTE                                    Single Family                          9.5250
       1549             85208      AZ       MESA                                        PUD                                    8.2000
       1550             68801      NE       GRAND ISLAND                                Single Family                         10.3500
       1551             18042      PA       EASTON                                      Single Family                          9.7000
       1552             89113      NV       LAS VEGAS                                   Condominium                            9.8000
       1553             78723      TX       AUSTIN                                      Single Family                         10.2500
       1554             19320      PA       COATESVILLE                                 Single Family                          7.9900
       1555             86314      AZ       PRESCOTT VALLEY                             Single Family                         11.1500
       1556             92324      CA       COLTON                                      Single Family                          7.3500
       1557             49038      MI       COLOMA                                      Single Family                          8.8000
       1558             33020      FL       HOLLYWOOD                                   Single Family                         10.9000
       1559             33025      FL       PEMBROKE PINES                              Condominium                            7.8500
       1560             55412      MN       MINNEAPOLIS                                 Single Family                          9.5500
       1561             92374      CA       REDLANDS                                    Single Family                          7.3500
       1562             19702      DE       NEWARK                                      Single Family                         10.1500
       1563             70544      LA       JEANERETTE                                  Single Family                          9.5500
       1564             63136      MO       SAINT LOUIS                                 Single Family                          8.4500
       1565             32837      FL       ORLANDO                                     PUD                                    8.6000
       1566             33141      FL       MIAMI BEACH                                 Condominium                            8.5000
       1567             32837      FL       ORLANDO                                     Condominium                            7.6000
       1568             55411      MN       MINNEAPOLIS                                 Single Family                          8.9800
       1569             33896      FL       DAVENPORT                                   PUD                                    8.5000
       1570             28112      NC       MONROE                                      Single Family                          9.5000
       1571              6518      CT       HAMDEN                                      Single Family                          7.7010
       1572             34639      FL       LAND O LAKES                                Condominium                           10.5500
       1573             34953      FL       PORT SAINT LUCIE                            Single Family                          9.4000
       1574             12303      NY       SCHENECTADY                                 2-4 Family                            11.0500
       1575             93552      CA       PALMDALE                                    Single Family                          7.5000
       1576             33913      FL       FORT MYERS                                  PUD                                    8.6000
       1577             55102      MN       SAINT PAUL                                  2-4 Family                             9.3750
       1578             45402      OH       DAYTON                                      Single Family                         11.4000
       1579             32738      FL       DELTONA                                     Single Family                          9.5000
       1580             11756      NY       TOWN OF HEMPSTE                             Single Family                          6.9900
       1581             33311      FL       LAUDERDALE LAKES                            Condominium                            8.6500
       1582             48342      MI       PONTIAC                                     Single Family                          9.1000
       1583             85374      AZ       SURPRISE                                    PUD                                   11.9250
       1584             33162      FL       NORTH MIAMI BEACH                           Single Family                         10.0000
       1585             32962      FL       VERO BEACH                                  Single Family                          9.2000
       1586             11003      NY       ELMONT                                      Single Family                          8.5500
       1587             32068      FL       MIDDLEBURG                                  PUD                                    8.8500
       1588             85268      AZ       FOUNTAIN HILLS                              Single Family                          7.2500
       1589             60624      IL       CHICAGO                                     Single Family                          9.3000
       1590             93550      CA       PALMDALE                                    Single Family                          8.3500
       1591             92173      CA       SAN DIEGO                                   Single Family                          7.6000
       1592             90002      CA       LOS ANGELES                                 Single Family                          7.7500
       1593             33010      FL       HIALEAH                                     Single Family                          8.9000
       1594             33313      FL       PLANTATION                                  Single Family                          8.0000
       1595             85381      AZ       PEORIA                                      Single Family                          9.9900
       1596             16156      PA       VOLANT                                      Single Family                          7.5000
       1597             95926      CA       CHICO                                       Single Family                          8.5000
       1598             85033      AZ       PHOENIX                                     Single Family                          9.4000
       1599             90047      CA       LOS ANGELES                                 Single Family                          7.3000
       1600             77587      TX       SOUTH HOUSTON                               Single Family                          9.7000
       1601             89108      NV       LAS VEGAS                                   Single Family                         10.5000
       1602             48198      MI       YPSILANTI                                   Single Family                          8.2500
       1603             92553      CA       MORENO VALLEY                               Single Family                          8.8750
       1604             60202      IL       EVANSTON                                    Single Family                         10.5000
       1605             92345      CA       HESPERIA                                    Single Family                          7.8000
       1606             90605      CA       WHITTIER                                    Single Family                          7.9900
       1607             19001      PA       ABINGTON                                    Single Family                          8.2500
       1608             48237      MI       OAK PARK                                    Single Family                          9.2000
       1609             33157      FL       MIAMI                                       Condominium                           11.0500
       1610              8505      NJ       BORDENTOWN                                  Single Family                          9.2500
       1611              7106      NJ       NEWARK                                      2-4 Family                             7.5000
       1612             11207      NY       BROOKLYN                                    2-4 Family                             8.8500
       1613             21122      MD       PASADENA                                    Single Family                          7.1250
       1614             19973      DE       SEAFORD                                     2-4 Family                             8.8000
       1615              7083      NJ       TOWNSHIP OF UNI                             Single Family                          7.3000
       1616             92376      CA       RIALTO                                      Single Family                          9.5000
       1617             19150      PA       PHILADELPHIA                                Single Family                         10.3000
       1618             95212      CA       STOCKTON                                    Single Family                          8.1000
       1619             90640      CA       MONTEBELLO                                  Single Family                          8.7100
       1620             91752      CA       MIRA LOMA                                   Single Family                          6.9900
       1621             92503      CA       RIVERSIDE                                   Single Family                          7.9000
       1622             55428      MN       NEW HOPE                                    Single Family                          7.8000
       1623             39437      MS       ELLISVILLE                                  Single Family                          8.6500
       1624             93309      CA       BAKERSFIELD                                 Single Family                          9.8000
       1625             92509      CA       RUBIDOUX                                    Single Family                          8.6500
       1626             89129      NV       LAS VEGAS                                   PUD                                    8.3000
       1627             85008      AZ       PHOENIX                                     Single Family                          9.7500
       1628             92553      CA       MORENO VALLEY                               Single Family                          9.8000
       1629             15010      PA       BEAVER FALLS                                Single Family                          9.1500
       1630             60108      IL       BLOOMINGDALE                                Single Family                          8.6000
       1631             11003      NY       ELMONT                                      Single Family                          8.3000
       1632             57701      SD       RAPID CITY                                  Single Family                          9.0000
       1633             85338      AZ       GOODYEAR                                    PUD                                    8.5000
       1634             90047      CA       LOS ANGELES                                 2-4 Family                             8.4000
       1635             90602      CA       WHITTIER                                    Single Family                          7.7500
       1636             85711      AZ       TUCSON                                      Condominium                            9.2500
       1637              7442      NJ       POMPTON LAKE                                Single Family                          7.7500
       1638             90222      CA       COMPTON                                     Single Family                          7.7600
       1639             92392      CA       VICTORVILLE                                 Single Family                          7.2500
       1640             91331      CA       LOS ANGELES                                 2-4 Family                             9.3500
       1641             91606      CA       LOS ANGELES                                 Condominium                            8.9900
       1642             94591      CA       VALLEJO                                     Single Family                          8.2500
       1643             84121      UT       SALT LAKE CITY                              Single Family                          9.8000
       1644             92506      CA       RIVERSIDE                                   Single Family                          7.6500
       1645             17111      PA       HARRISBURG                                  Single Family                          9.9500
       1646             60639      IL       CHICAGO                                     Single Family                         10.2500
       1647             34982      FL       FORT PIERCE                                 Single Family                          8.9900
       1648             95822      CA       SACRAMENTO                                  Single Family                          8.8150
       1649             95348      CA       MERCED                                      Single Family                          8.9880
       1650             85706      AZ       TUCSON                                      Single Family                          9.2500
       1651             12528      NY       HIGHLAND                                    Single Family                          8.1500
       1652             89115      NV       LAS VEGAS                                   Single Family                         10.1500
       1653             80537      CO       LOVELAND                                    Single Family                          8.9900
       1654              7603      NJ       BOGOTA                                      Single Family                          8.7000
       1655             60652      IL       CHICAGO                                     Single Family                          8.8000
       1656             33713      FL       SAINT PETERSBURG                            Single Family                          7.0000
       1657             55104      MN       SAINT PAUL                                  Single Family                          9.5500
       1658             90805      CA       LONG BEACH                                  Single Family                          7.3500
       1659             93065      CA       SIMI VALLEY                                 Single Family                          8.1000
       1660             92337      CA       FONTANA                                     Single Family                          8.1500
       1661             92126      CA       SAN DIEGO                                   Single Family                          7.8500
       1662             57022      SD       DELL RAPIDS                                 Single Family                         11.2500
       1663             60126      IL       ELMHURST                                    Single Family                          8.8000
       1664             63115      MO       SAINT LOUIS                                 Single Family                          8.8000
       1665             90222      CA       COMPTON                                     Single Family                          8.5500
       1666             95961      CA       OLIVEHURST                                  Single Family                          8.9900
       1667             33184      FL       MIAMI                                       Single Family                          9.3000
       1668             98118      WA       SEATTLE                                     Single Family                          9.4000
       1669             39532      MS       BILOXI                                      Single Family                         10.5000
       1670             15208      PA       PITTSBURGH                                  2-4 Family                             8.4000
       1671             91387      CA       CANYON COUNTRY                              Condominium                            8.0000
       1672             19363      PA       OXFORD                                      Single Family                          9.0500
       1673             91203      CA       GLENDALE                                    Condominium                            7.8400
       1674             21209      MD       BALTIMORE                                   Single Family                          9.5000
       1675             33033      FL       HOMESTEAD                                   PUD                                    8.5000
       1676             60148      IL       LOMBARD                                     Single Family                          8.0000
       1677             90001      CA       LOS ANGELES                                 Single Family                          8.5000
       1678             33914      FL       CAPE CORAL                                  Single Family                          9.1750
       1679              4062      ME       WINDHAM                                     2-4 Family                             9.9500
       1680             61362      IL       SPRING VALLEY                               Single Family                          9.7500
       1681             85053      AZ       PHOENIX                                     Single Family                          8.9750
       1682             89523      NV       RENO                                        Single Family                          7.8000
       1683             33056      FL       MIAMI                                       Single Family                          8.7000
       1684             92253      CA       LA QUINTA                                   Single Family                          8.6500
       1685             33311      FL       FORT LAUDERDALE                             Single Family                          8.1000
       1686             95823      CA       SACRAMENTO                                  Single Family                          8.7000
       1687             85051      AZ       PHOENIX                                     Single Family                          9.0000
       1688             85323      AZ       AVONDALE                                    PUD                                    7.7500
       1689             75002      TX       ALLEN                                       Single Family                          9.8500
       1690             20747      MD       DISTRICT HEIGHT                             Single Family                          8.1000
       1691             15126      PA       IMPERIAL                                    Single Family                          8.3000
       1692             85037      AZ       PHOENIX                                     Single Family                          7.7500
       1693             92392      CA       VICTORVILLE                                 Single Family                          9.9900
       1694             89122      NV       LAS VEGAS                                   PUD                                    8.0400
       1695             60565      IL       NAPERVILLE                                  PUD                                    7.6000
       1696             76133      TX       FORT WORTH                                  Single Family                         10.8000
       1697             92114      CA       SAN DIEGO                                   Single Family                          7.2000
       1698             93638      CA       MADERA                                      Single Family                          8.9900
       1699             92301      CA       ADELANTO                                    Single Family                          7.6500
       1700             21236      MD       NOTTINGHAM                                  Single Family                          7.5000
       1701             70003      LA       METAIRIE                                    Single Family                          9.5000
       1702             98223      WA       ARLINGTON                                   PUD                                    9.1500
       1703             92404      CA       SAN BERNARDINO                              Single Family                          8.1500
       1704             91367      CA       LOS ANGELES                                 Condominium                            8.0000
       1705              8844      NJ       HILLSBOROUGH                                PUD                                    9.4000
       1706             34654      FL       NEW PORT RICHEY                             PUD                                    8.9000
       1707             53572      WI       MOUNT HOREB                                 Single Family                          8.0000
       1708             70791      LA       ZACHARY                                     Condominium                            9.6500
       1709             92610      CA       LAKE FOREST                                 PUD                                    7.9900
       1710             84663      UT       SPRINGVILLE                                 Single Family                          9.4500
       1711             85037      AZ       PHOENIX                                     Single Family                         10.2500
       1712             93535      CA       LANCASTER                                   Single Family                          8.3750
       1713             60068      IL       PARK RIDGE                                  Single Family                          7.5000
       1714             92506      CA       RIVERSIDE                                   Single Family                          8.8500
       1715             80247      CO       DENVER                                      PUD                                    8.0000
       1716             18017      PA       BETHLEHEM                                   Single Family                          7.3000
       1717             53206      WI       MILWAUKEE                                   Single Family                          9.2000
       1718              8611      NJ       TRENTON                                     Single Family                          8.2500
       1719             92553      CA       MORENO VALLEY                               Single Family                          7.7500
       1720             33445      FL       DELRAY BEACH                                Single Family                          9.6000
       1721             33013      FL       HIALEAH                                     Single Family                          7.7500
       1722             33065      FL       CORAL SPRINGS                               Single Family                          9.0000
       1723             76643      TX       HEWITT                                      Single Family                          9.1000
       1724             55071      MN       SAINT PAUL PARK                             Single Family                          8.5000
       1725             77302      TX       CONROE                                      PUD                                   10.0000
       1726             48104      MI       ANN ARBOR                                   Single Family                          9.4900
       1727             32833      FL       ORLANDO                                     PUD                                    8.1500
       1728             34771      FL       SAINT CLOUD                                 PUD                                    8.1500
       1729             91789      CA       DIAMOND BAR                                 Single Family                          8.5000
       1730             34769      FL       SAINT CLOUD                                 Single Family                          9.7000
       1731             93543      CA       LITTLEROCK                                  Single Family                          9.6000
       1732             85746      AZ       TUCSON                                      PUD                                    8.7500
       1733             32073      FL       ORANGE PARK                                 PUD                                    9.7500
       1734             93446      CA       PASO ROBLES                                 Single Family                          7.5500
       1735             80643      CO       KEENESBURG                                  Single Family                          6.9000
       1736             85041      AZ       PHOENIX                                     Single Family                          9.1500
       1737              1535      MA       NORTH BROOKFIEL                             Single Family                          9.0500
       1738             33436      FL       BOYNTON BEACH                               PUD                                    8.5500
       1739             63114      MO       SAINT LOUIS                                 Single Family                          8.4900
       1740             95124      CA       SAN JOSE                                    Single Family                          7.7500
       1741             81301      CO       DURANGO                                     Condominium                            8.9900
       1742             21217      MD       BALTIMORE                                   Condominium                            9.8000
       1743             92345      CA       HESPERIA                                    Single Family                          7.9000
       1744             33019      FL       HOLLYWOOD                                   Condominium                            9.8000
       1745             64029      MO       GRAIN VALLEY                                2-4 Family                             8.9000
       1746             93657      CA       SANGER                                      Single Family                          8.1500
       1747             93030      CA       OXNARD                                      Single Family                          7.2500
       1748             92236      CA       COACHELLA                                   Single Family                          9.8000
       1749             95207      CA       STOCKTON                                    Single Family                          9.9500
       1750             93550      CA       PALMDALE                                    Single Family                          8.8500
       1751             85718      AZ       TUCSON                                      Single Family                          8.7500
       1752             85713      AZ       TUCSON                                      Single Family                          9.9900
       1753             95355      CA       MODESTO                                     Single Family                          8.3000
       1754             92405      CA       SAN BERNARDINO                              Single Family                          9.1500
       1755             33015      FL       MIAMI                                       Condominium                            9.9500
       1756             11417      NY       OZONE PARK                                  Single Family                          8.2500
       1757             93561      CA       TEHACHAPI                                   Single Family                          7.8500
       1758             80134      CO       PARKER                                      Single Family                          9.7500
       1759             91387      CA       SANTA CLARITA                               Condominium                            8.2500
       1760             60623      IL       CHICAGO                                     2-4 Family                            10.5500
       1761             90650      CA       NORWALK                                     Single Family                          8.6000
       1762             33956      FL       SAINT JAMES CITY                            Single Family                          9.8500
       1763             32127      FL       PORT ORANGE                                 PUD                                    8.9500
       1764             80124      CO       LITTLETON                                   PUD                                    8.5000
       1765             34116      FL       NAPLES                                      2-4 Family                             8.6500
       1766             97229      OR       PORTLAND                                    Single Family                          8.6500
       1767             89142      NV       LAS VEGAS                                   PUD                                    8.5500
       1768             32810      FL       ORLANDO                                     PUD                                    8.9500
       1769             95379      CA       TUOLUMNE                                    PUD                                    8.3000
       1770             91387      CA       CANYON COUNTRY                              Condominium                            7.7500
       1771             32953      FL       MERRITT ISLAND                              Single Family                          8.6000
       1772             80017      CO       AURORA                                      Single Family                         11.1000
       1773             80537      CO       LOVELAND                                    Single Family                          9.6500
       1774             80525      CO       FORT COLLINS                                PUD                                    7.9500
       1775             85018      AZ       PHOENIX                                     Condominium                           10.9000
       1776             60136      IL       GILBERTS                                    PUD                                    7.6500
       1777             33033      FL       HOMESTEAD                                   Single Family                         10.3500
       1778             98607      WA       CAMAS                                       Condominium                            8.6500
       1779             33566      FL       PLANT CITY                                  PUD                                    8.0000
       1780             12550      NY       NEWBURGH                                    Single Family                          8.5000
       1781             78414      TX       CORPUS CHRISTI                              Single Family                         11.0000
       1782             85323      AZ       AVONDALE                                    PUD                                    7.2000
       1783             33971      FL       LEHIGH ACRES                                2-4 Family                             7.8000
       1784             95817      CA       SACRAMENTO                                  2-4 Family                             8.5500
       1785             85326      AZ       BUCKEYE                                     Single Family                          9.0500
       1786             89032      NV       NORTH LAS VEGAS                             Single Family                          9.6500
       1787             15101      PA       ALLISON PARK                                Single Family                          7.9000
       1788             91768      CA       POMONA                                      Single Family                          9.5500
       1789             95823      CA       SACRAMENTO                                  Single Family                          8.6500
       1790             92404      CA       SAN BERNARDINO                              Single Family                          7.6500
       1791             90002      CA       LOS ANGELES                                 Single Family                          8.3000
       1792             93305      CA       BAKERSFIELD                                 Single Family                          9.2000
       1793             84015      UT       CLINTON                                     Single Family                          8.2500
       1794             90242      CA       DOWNEY                                      Single Family                          7.6000
       1795             89103      NV       LAS VEGAS                                   Single Family                          8.1500
       1796             95691      CA       WEST SACRAMENTO                             Single Family                          9.3500
       1797             37919      TN       KNOXVILLE                                   Single Family                          8.8500
       1798             33993      FL       CAPE CORAL                                  Single Family                          9.9000
       1799             98178      WA       SEATTLE                                     2-4 Family                             9.8010
       1800             46123      IN       AVON                                        PUD                                    9.8500
       1801             11203      NY       BROOKLYN                                    Single Family                          7.7000
       1802             98006      WA       BELLEVUE                                    Single Family                          7.8500
       1803             94621      CA       OAKLAND                                     Single Family                          6.6500
       1804             92394      CA       VICTORVILLE                                 Single Family                          9.8000
       1805             93505      CA       CALIFORNIA CITY                             Single Family                          9.1750
       1806             95219      CA       STOCKTON                                    Single Family                          8.7500
       1807             85297      AZ       GILBERT                                     Single Family                          7.9900
       1808             90805      CA       LONG BEACH                                  Single Family                          8.4900
       1809             92377      CA       RIALTO                                      Single Family                          8.1000
       1810             91301      CA       AGOURA HILLS                                PUD                                    9.2500
       1811             19475      PA       SPRING CITY                                 Single Family                          7.2500
       1812             85249      AZ       CHANDLER                                    PUD                                   10.3000
       1813             17057      PA       MIDDLETOWN                                  Single Family                          9.0500
       1814             34997      FL       STUART                                      Single Family                          8.7500
       1815             34953      FL       PORT SAINT LUCIE                            PUD                                    8.7500
       1816             34683      FL       PALM HARBOR                                 Single Family                          9.4500
       1817             84041      UT       LAYTON                                      Single Family                          8.6000
       1818             85374      AZ       SURPRISE                                    PUD                                    7.6250
       1819             19131      PA       PHILADELPHIA                                Single Family                          9.7000
       1820             18466      PA       TOBYHANNA                                   Single Family                          9.3500
       1821             92506      CA       RIVERSIDE                                   Single Family                          8.3100
       1822             92410      CA       HIGHLAND                                    2-4 Family                             7.0000
       1823             33162      FL       NORTH MIAMI BEA                             Single Family                          8.4000
       1824             32904      FL       WEST MELBOURNE                              Condominium                            8.7500
       1825             19138      PA       PHILADELPHIA                                Single Family                          9.3000
       1826             91791      CA       WEST COVINA                                 Single Family                          7.6000
       1827             92553      CA       MORENO VALLEY                               Single Family                          9.7500
       1828             85225      AZ       CHANDLER                                    Single Family                          8.7500
       1829             85353      AZ       TOLLESON                                    PUD                                    9.2500
       1830             92240      CA       DESERT HOT SPRINGS                          Single Family                          7.7500
       1831             49341      MI       ROCKFORD                                    Single Family                          8.5000
       1832             98374      WA       PUYALLUP                                    PUD                                    8.6500
       1833             33313      FL       LAUDERHILL                                  Single Family                          9.3000
       1834             11552      NY       WEST HEMPSTEAD                              Single Family                          8.2500
       1835             92553      CA       MORENO VALLEY                               Single Family                          9.4000
       1836             93033      CA       OXNARD                                      PUD                                    8.1500
       1837             67212      KS       WICHITA                                     Single Family                          7.6000
       1838             40272      KY       LOUISVILLE                                  Single Family                          9.0000
       1839             20603      MD       WALDORF                                     Single Family                          8.1500
       1840             45248      OH       CINCINNATI                                  Single Family                          9.0500
       1841             91367      CA       LOS ANGELES                                 Condominium                            9.3250
       1842             34953      FL       PORT SAINT LUCIE                            Single Family                         10.0000
       1843             80634      CO       GREELEY                                     Single Family                          7.9000
       1844             33016      FL       HIALEAH                                     Condominium                           10.7000
       1845             85226      AZ       CHANDLER                                    PUD                                    8.9900
       1846             70123      LA       HARAHAN                                     Single Family                         10.3500
       1847             80247      CO       DENVER                                      Single Family                         11.7000
       1848             32208      FL       JACKSONVILLE                                Single Family                          7.2500
       1849             80911      CO       COLORADO SPRINGS                            Single Family                          9.1500
       1850             77095      TX       HOUSTON                                     PUD                                    9.1000
       1851             33705      FL       SAINT PETERSBURG                            Single Family                          8.5000
       1852             32725      FL       DELTONA                                     Single Family                          9.6000
       1853             19701      DE       BEAR                                        PUD                                    9.3000
       1854             33032      FL       HOMESTEAD                                   Single Family                          8.5000
       1855             60415      IL       CHICAGO RIDGE                               Single Family                         10.0500
       1856             60538      IL       MONTGOMERY                                  Single Family                          8.2000
       1857             19121      PA       PHILADELPHIA                                Condominium                           10.8000
       1858             60090      IL       WHEELING                                    Single Family                          7.7500
       1859             33056      FL       OPA LOCKA                                   Single Family                          7.4500
       1860             10456      NY       BRONX                                       2-4 Family                             8.2000
       1861             90248      CA       GARDENA                                     Single Family                          8.4900
       1862             84020      UT       DRAPER                                      Single Family                          7.7000
       1863             89027      NV       MESQUITE                                    PUD                                    8.5000
       1864             85212      AZ       MESA                                        PUD                                    8.9900
       1865             60629      IL       CHICAGO                                     2-4 Family                             9.7500
       1866             34953      FL       PORT SAINT LUCIE                            Single Family                         10.2500
       1867             49503      MI       GRAND RAPIDS                                Single Family                          9.2250
       1868             33330      FL       DAVIE                                       Single Family                          8.6500
       1869              3054      NH       MERRIMACK                                   Single Family                          7.7500
       1870             20747      MD       DISTRICT HEIGHT                             PUD                                    7.5000
       1871             33467      FL       WELLINGTON                                  PUD                                    9.4750
       1872             60631      IL       CHICAGO                                     Single Family                          8.5000
       1873             84062      UT       CEDAR HILLS                                 Single Family                          9.3370
       1874             90061      CA       LOS ANGELES                                 Single Family                          8.9900
       1875             90002      CA       LOS ANGELES                                 Single Family                          8.5000
       1876             32828      FL       ORLANDO                                     PUD                                    8.9900
       1877             85053      AZ       PHOENIX                                     Single Family                          7.7000
       1878             90047      CA       LOS ANGELES                                 Single Family                          8.7000
       1879             94401      CA       SAN MATEO                                   Single Family                          8.5500
       1880             32907      FL       PALM BAY                                    Single Family                          7.9900
       1881             98002      WA       AUBURN                                      Single Family                          9.3500
       1882             94531      CA       ANTIOCH                                     Single Family                          7.7000
       1883             32073      FL       ORANGE PARK                                 Single Family                          9.1000
       1884             33187      FL       MIAMI                                       Single Family                          8.5500
       1885             93534      CA       LANCASTER                                   Single Family                          9.3000
       1886             60431      IL       JOLIET                                      PUD                                    7.7000
       1887              6516      CT       WEST HAVEN                                  Single Family                          8.5000
       1888             60616      IL       CHICAGO                                     Condominium                            8.5000
       1889             15045      PA       GLASSPORT                                   Single Family                          9.6500
       1890             33411      FL       ROYAL PALM BEACH                            PUD                                    8.9500
       1891             60517      IL       WOODRIDGE                                   Single Family                          7.6000
       1892              7017      NJ       EAST ORANGE                                 Single Family                          8.3500
       1893             93925      CA       CHUALAR                                     Single Family                          8.4500
       1894             64134      MO       KANSAS CITY                                 Single Family                          8.3500
       1895             92407      CA       SAN BERNARDINO                              Single Family                          7.5500
       1896             90003      CA       LOS ANGELES                                 Single Family                         10.0000
       1897             95212      CA       STOCKTON                                    Single Family                          8.5000
       1898             85648      AZ       RIO RICO                                    Single Family                          8.2500
       1899             92173      CA       SAN DIEGO                                   Single Family                          9.3500
       1900             98684      WA       VANCOUVER                                   Single Family                          8.9500
       1901             49017      MI       BATTLE CREEK                                Single Family                          8.8000
       1902             33428      FL       BOCA RATON                                  PUD                                   10.5000
       1903             60139      IL       GLENDALE HEIGHT                             Single Family                          9.4000
       1904             62062      IL       MARYVILLE                                   Single Family                          8.5000
       1905             55449      MN       BLAINE                                      PUD                                    8.7500
       1906              2139      MA       CAMBRIDGE                                   Condominium                            9.2500
       1907             60463      IL       PALOS HEIGHTS                               Single Family                          9.8750
       1908             34744      FL       KISSIMMEE                                   PUD                                    8.7500
       1909             92584      CA       MENIFEE                                     Single Family                          7.5000
       1910             92220      CA       BANNING                                     Single Family                          8.2500
       1911             75605      TX       LONGVIEW                                    Single Family                          9.9900
       1912             76108      TX       FORT WORTH                                  Single Family                          8.5500
       1913             33028      FL       PEMBROKE PINES                              PUD                                    8.9870
       1914             89148      NV       LAS VEGAS                                   Single Family                          6.9900
       1915             77083      TX       HOUSTON                                     PUD                                    8.8000
       1916             55812      MN       DULUTH                                      Single Family                          7.2500
       1917             91607      CA       VALLEY VILLAGE                              Condominium                            7.9900
       1918              3225      NH       CENTER BARNSTEA                             Single Family                         10.2500
       1919             21030      MD       COCKEYSVILLE                                PUD                                    7.9900
       1920             78727      TX       AUSTIN                                      Single Family                          9.1500
       1921             93455      CA       SANTA MARIA                                 Single Family                          8.1500
       1922             85202      AZ       MESA                                        Single Family                         11.6000
       1923             85303      AZ       GLENDALE                                    PUD                                    7.9000
       1924             96791      HI       WAIALUA                                     Single Family                          8.3500
       1925             92394      CA       VICTORVILLE                                 Single Family                          8.3000
       1926             90807      CA       LONG BEACH                                  Single Family                          7.9000
       1927             89117      NV       LAS VEGAS                                   Single Family                          7.9000
       1928             80111      CO       CENTENNIAL                                  PUD                                    9.2000
       1929             30024      GA       SUWANEE                                     PUD                                    8.4500
       1930             11722      NY       CENTRAL ISLIP                               Single Family                          7.9900
       1931             55901      MN       ROCHESTER                                   Single Family                          8.6000
       1932              2330      MA       CARVER                                      Single Family                          7.6000
       1933             90016      CA       LOS ANGELES                                 Single Family                          7.5000
       1934             60446      IL       ROMEOVILLE                                  Single Family                          8.7000
       1935             92544      CA       HEMET                                       Single Family                          7.3500
       1936             60192      IL       HOFFMAN ESTATES                             Condominium                            9.3000
       1937             91406      CA       LOS ANGELES                                 Single Family                          7.8900
       1938             38125      TN       MEMPHIS                                     Single Family                          9.9000
       1939             60432      IL       JOLIET                                      2-4 Family                            10.3500
       1940             60178      IL       SYCAMORE                                    Single Family                         10.3000
       1941             78256      TX       SAN ANTONIO                                 PUD                                   10.3130
       1942             95978      CA       STIRLING CITY                               Single Family                          6.6500
       1943             84084      UT       WEST JORDAN                                 Single Family                          9.2500
       1944             19082      PA       UPPER DARBY TOWNSHIP                        Single Family                         10.8500
       1945             60585      IL       PLAINFIELD                                  Single Family                          8.4900
       1946             60629      IL       CHICAGO                                     2-4 Family                             8.4500
       1947             84095      UT       SOUTH JORDAN                                Single Family                          9.3750
       1948             92404      CA       SAN BERNARDINO                              Single Family                          8.9900
       1949             85713      AZ       TUCSON                                      PUD                                    8.9500
       1950             94590      CA       VALLEJO                                     Single Family                          8.6500
       1951             93543      CA       LITTLEROCK                                  Single Family                          8.9000
       1952             60139      IL       GLENDALE HEIGHTS                            Condominium                            9.6250
       1953             60559      IL       WESTMONT                                    Condominium                            8.4900
       1954             17543      PA       LITITZ                                      Single Family                          7.8500
       1955             12553      NY       NEW WINDSOR                                 Single Family                          7.7500
       1956             55068      MN       ROSEMOUNT                                   Single Family                          7.5000
       1957             33463      FL       LAKE WORTH                                  PUD                                    7.7500
       1958             33311      FL       FORT LAUDERDALE                             Single Family                          8.5000
       1959             33312      FL       FORT LAUDERDALE                             Single Family                          9.7500
       1960             84065      UT       RIVERTON                                    PUD                                    8.6000
       1961             60586      IL       PLAINFIELD                                  Single Family                          8.7000
       1962             11385      NY       RIDGEWOOD                                   Single Family                          7.8500
       1963             33169      FL       MIAMI GARDENS                               Condominium                            7.7750
       1964             80538      CO       LOVELAND                                    Single Family                          7.5000
       1965             33147      FL       MIAMI                                       Single Family                          9.7000
       1966             60445      IL       CRESTWOOD                                   Condominium                            9.0000
       1967             92865      CA       ORANGE                                      Single Family                          7.2500
       1968             80221      CO       DENVER                                      Single Family                          8.2000
       1969             85383      AZ       PEORIA                                      Single Family                          8.0500
       1970             91335      CA       LOS ANGELES                                 Condominium                            6.3500
       1971             89121      NV       LAS VEGAS                                   Single Family                          9.8750
       1972             60098      IL       WOODSTOCK                                   Single Family                          8.9630
       1973             85323      AZ       AVONDALE                                    Single Family                          8.3500
       1974             89506      NV       RENO                                        PUD                                    8.9900
       1975             92335      CA       FONTANA                                     2-4 Family                             7.4500
       1976             11746      NY       HUNTINGTON STAT                             Single Family                          8.1000
       1977             92802      CA       ANAHEIM                                     Single Family                          8.5600
       1978             34288      FL       NORTH PORT                                  Single Family                          9.0500
       1979             33952      FL       PORT CHARLOTTE                              Single Family                          9.3000
       1980             33015      FL       MIAMI                                       PUD                                    9.0500
       1981             70817      LA       BATON ROUGE                                 Single Family                          8.2000
       1982              6615      CT       STRATFORD                                   2-4 Family                             8.7000
       1983             77084      TX       HOUSTON                                     PUD                                   10.1000
       1984              7062      NJ       PLAINFIELD                                  Single Family                          8.4000
       1985             33328      FL       COOPER CITY                                 Single Family                          8.7000
       1986              1535      MA       NORTH BROOKFIEL                             Single Family                          7.9900
       1987             68506      NE       LINCOLN                                     Single Family                          9.3500
       1988             33317      FL       FORT LAUDERDALE                             Single Family                          9.4500
       1989             60656      IL       CHICAGO                                     Single Family                          8.7000
       1990             95628      CA       FAIR OAKS                                   Single Family                          7.9900
       1991             21227      MD       HALETHORPE                                  Single Family                          8.9000
       1992             92392      CA       VICTORVILLE                                 Single Family                          8.7000
       1993             95831      CA       SACRAMENTO                                  Single Family                          7.3500
       1994             12571      NY       RED HOOK                                    Single Family                          8.8000
       1995              3868      NH       ROCHESTER                                   Single Family                          8.8000
       1996             19140      PA       PHILADELPHIA                                Single Family                          9.7000
       1997              8087      NJ       LITTLE EGG HARBOR TW                        Single Family                          9.5500
       1998             91710      CA       CHINO                                       Single Family                          8.6000
       1999             32773      FL       SANFORD                                     PUD                                    9.2000
       2000              8510      NJ       MILLSTONE                                   Single Family                          9.6000
       2001             73120      OK       OKLAHOMA CITY                               Single Family                          7.9900
       2002             21236      MD       NOTTINGHAM                                  Single Family                          8.7500
       2003              7018      NJ       EAST ORANGE                                 2-4 Family                             8.8000
       2004              2066      MA       SCITUATE                                    Single Family                          7.2500
       2005             18051      PA       FOGELSVILLE                                 Single Family                         10.6000
       2006             33015      FL       HIALEAH                                     PUD                                    8.6500
       2007             32725      FL       DELTONA                                     PUD                                    8.5000
       2008             32829      FL       ORLANDO                                     PUD                                    8.0500
       2009             95367      CA       RIVERBANK                                   Single Family                          8.2000
       2010             90002      CA       LOS ANGELES                                 Single Family                          9.4000
       2011             55317      MN       CHANHASSEN                                  Condominium                            8.2500
       2012             33193      FL       MIAMI                                       Single Family                          9.3000
       2013              7032      NJ       KEARNY                                      2-4 Family                             7.7500
       2014             33993      FL       CAPE CORAL                                  Single Family                          8.5000
       2015             60004      IL       ARLINGTON HEIGHTS                           Single Family                          8.4000
       2016             91746      CA       LA PUENTE                                   Single Family                          7.6500
       2017             32779      FL       LONGWOOD                                    PUD                                    8.9900
       2018             49048      MI       KALAMAZOO                                   Single Family                          8.9000
       2019             33594      FL       VALRICO                                     PUD                                    7.6000
       2020             33311      FL       FORT LAUDERDALE                             Single Family                          8.4500
       2021             61801      IL       URBANA                                      Single Family                          7.8000
       2022             32832      FL       ORLANDO                                     PUD                                   10.0250
       2023             81101      CO       ALAMOSA                                     Single Family                          8.5500
       2024             85383      AZ       PEORIA                                      PUD                                    8.8500
       2025             33437      FL       BOYNTON BEACH                               PUD                                    8.2500
       2026              3104      NH       MANCHESTER                                  Condominium                            8.9750
       2027             94509      CA       ANTIOCH                                     Single Family                          8.3000
       2028             93313      CA       BAKERSFIELD                                 Single Family                          7.9500
       2029             20613      MD       BRANDYWINE                                  Single Family                          8.9500
       2030             92532      CA       LAKE ELSINORE                               Single Family                          7.8000
       2031             19446      PA       LANSDALE                                    Single Family                          9.3500
       2032             33033      FL       HOMESTEAD                                   Condominium                           10.5500
       2033             85283      AZ       TEMPE                                       Single Family                          8.7500
       2034             94603      CA       OAKLAND                                     Single Family                          7.8500
       2035              6611      CT       TRUMBULL                                    Single Family                          7.5000
       2036             33027      FL       MIRAMAR                                     PUD                                    8.2000
       2037             93304      CA       BAKERSFIELD                                 2-4 Family                             7.9900
       2038             91384      CA       CASTAIC                                     Single Family                          8.6500
       2039             97068      OR       WEST LINN                                   Condominium                            9.9900
       2040              7083      NJ       UNION                                       Single Family                          7.6500
       2041             92392      CA       VICTORVILLE                                 Single Family                         10.5000
       2042             90716      CA       HAWAIIAN GARDENS                            Condominium                            9.2000
       2043             63031      MO       FLORISSANT                                  Single Family                          8.3500
       2044             77301      TX       CONROE                                      PUD                                    8.5000
       2045             98103      WA       SEATTLE                                     Single Family                          7.7500
       2046             85015      AZ       PHOENIX                                     Single Family                          8.8600
       2047             91307      CA       LOS ANGELES                                 Single Family                          8.5500
       2048             96743      HI       KAMUELA                                     Single Family                          8.6000
       2049             92308      CA       APPLE VALLEY                                Single Family                          7.2500
       2050             93312      CA       BAKERSFIELD                                 Single Family                          8.3500
       2051              1501      MA       AUBURN                                      Single Family                          8.1250
       2052             53956      WI       RANDOLPH                                    Single Family                          9.1250
       2053             34238      FL       SARASOTA                                    Condominium                            7.4000
       2054             93940      CA       MONTEREY                                    Single Family                          8.6500
       2055             91766      CA       POMONA                                      Single Family                          7.5500
       2056             93654      CA       REEDLEY                                     Single Family                          8.0000
       2057             94603      CA       OAKLAND                                     Single Family                          8.2500
       2058              8002      NJ       CHERRY HILL                                 Single Family                          8.2500
       2059             29801      SC       AIKEN                                       Single Family                          8.9500
       2060             37849      TN       POWELL                                      Single Family                          8.5500
       2061             80030      CO       WESTMINSTER                                 Single Family                          7.5000
       2062             85228      AZ       COOLIDGE                                    Single Family                          7.9900
       2063             90002      CA       LOS ANGELES                                 Single Family                          8.1000
       2064             90037      CA       LOS ANGELES                                 Single Family                          7.9500
       2065             98506      WA       OLYMPIA                                     Single Family                          8.8500
       2066              6825      CT       FAIRFIELD                                   Single Family                          8.1500
       2067             55417      MN       MINNEAPOLIS                                 Single Family                         10.7500
       2068             10607      NY       TOWN OF GREENBU                             Single Family                          7.4880
       2069              6379      CT       STONINGTON                                  Single Family                          9.1510
       2070             97756      OR       REDMOND                                     Single Family                         10.1000
       2071             95687      CA       VACAVILLE                                   Single Family                          9.3000
       2072             19127      PA       PHILADELPHIA                                2-4 Family                             8.6500
       2073             33314      FL       DAVIE                                       Single Family                         10.2500
       2074             66215      KS       LENEXA                                      Single Family                          9.3000
       2075             80236      CO       DENVER                                      Single Family                          7.7500
       2076             90605      CA       WHITTIER                                    Single Family                          7.9900
       2077             60446      IL       ROMEOVILLE                                  Single Family                          8.5500
       2078             65202      MO       COLUMBIA                                    Single Family                          8.6000
       2079             95330      CA       LATHROP                                     Single Family                          8.5500
       2080             85031      AZ       PHOENIX                                     Single Family                          7.6000
       2081             95206      CA       STOCKTON                                    Single Family                          8.3500
       2082             90001      CA       LOS ANGELES                                 Single Family                          8.2000
       2083             60091      IL       WILMETTE                                    Single Family                          7.4370
       2084             32738      FL       DELTONA                                     Single Family                          7.8500
       2085             60622      IL       CHICAGO                                     Condominium                            9.7500
       2086             90262      CA       LYNWOOD                                     Single Family                          8.3500
       2087             74011      OK       BROKEN ARROW                                Single Family                          8.7500
       2088             33137      FL       MIAMI                                       Condominium                            8.5000
       2089             85338      AZ       GOODYEAR                                    PUD                                    9.4500
       2090             33055      FL       MIAMI GARDENS                               Single Family                          9.5500
       2091             85338      AZ       GOODYEAR                                    PUD                                    9.4500
       2092             60653      IL       CHICAGO                                     Single Family                          8.7500
       2093             95825      CA       SACRAMENTO                                  Single Family                          7.7500
       2094             33156      FL       MIAMI                                       Condominium                            8.7000
       2095             92553      CA       MORENO VALLEY                               Single Family                          9.3900
       2096             90044      CA       LOS ANGELES                                 2-4 Family                             7.9900
       2097             55411      MN       MINNEAPOLIS                                 2-4 Family                             7.8000
       2098             33016      FL       HIALEAH GARDENS                             Single Family                          8.2500
       2099             90003      CA       LOS ANGELES                                 Single Family                          8.9500
       2100             95409      CA       SANTA ROSA                                  Single Family                          8.7500
       2101             33126      FL       MIAMI                                       Condominium                            7.9000
       2102             68526      NE       LINCOLN                                     PUD                                    9.6000
       2103             98856      WA       TWISP                                       Single Family                          9.8500
       2104             96822      HI       HONOLULU                                    Single Family                          7.1510
       2105             92408      CA       SAN BERNARDINO                              PUD                                    7.9500
       2106             33312      FL       FORT LAUDERDALE                             Single Family                          8.1000
       2107             19131      PA       PHILADELPHIA                                Single Family                          9.1500
       2108             33050      FL       MARATHON                                    Single Family                          7.9900
       2109             32751      FL       MAITLAND                                    Condominium                            8.6000
       2110             85713      AZ       TUCSON                                      Single Family                          9.1000
       2111             90221      CA       COMPTON                                     Single Family                          9.5000
       2112             19602      PA       READING                                     Single Family                          9.6250
       2113             92509      CA       RIVERSIDE                                   Single Family                          7.8000
       2114              6320      CT       NEW LONDON                                  2-4 Family                             9.8500
       2115             92557      CA       MORENO VALLEY                               Single Family                          8.9500
       2116             92335      CA       FONTANA                                     Single Family                          7.9500
       2117             98092      WA       AUBURN                                      PUD                                    7.5000
       2118             92557      CA       MORENO VALLEY                               PUD                                    7.4000
       2119             93726      CA       FRESNO                                      Single Family                          9.2500
       2120             93305      CA       BAKERSFIELD                                 PUD                                    7.2500
       2121             91701      CA       RANCHO CUCAMONGA                            Single Family                          6.8500
       2122             92551      CA       MORENO VALLEY                               Single Family                          7.8400
       2123             89130      NV       LAS VEGAS                                   PUD                                    7.3500
       2124             85041      AZ       PHOENIX                                     Single Family                          9.3000
       2125              7047      NJ       NORTH BERGEN TW                             2-4 Family                             7.1000
       2126             92557      CA       MORENO VALLEY                               Single Family                          8.0000
       2127             90042      CA       LOS ANGELES                                 Single Family                          7.5500
       2128             63366      MO       O FALLON                                    Single Family                          9.5000
       2129             92359      CA       SAN BERNARDINO                              Single Family                          8.5000
       2130             12508      NY       BEACON                                      Single Family                          9.9000
       2131             38134      TN       BARTLETT                                    Single Family                          8.8050
       2132             85257      AZ       SCOTTSDALE                                  PUD                                    9.2000
       2133             92404      CA       SAN BERNARDINO                              Single Family                          6.6250
       2134             97015      OR       CLACKAMAS                                   PUD                                    7.9900
       2135             91042      CA       LOS ANGELES                                 Single Family                          7.5000
       2136             19143      PA       PHILADELPHIA                                Single Family                         10.9000
       2137             19701      DE       BEAR                                        Single Family                          9.3000
       2138             95127      CA       SAN JOSE                                    Single Family                          8.8000
       2139             33411      FL       ROYAL PALM BEACH                            Single Family                          8.5500
       2140             85037      AZ       PHOENIX                                     Single Family                          9.8500
       2141             55105      MN       SAINT PAUL                                  Single Family                          9.5000
       2142             85017      AZ       PHOENIX                                     Single Family                          8.5000
       2143             85027      AZ       PHOENIX                                     PUD                                    9.2500
       2144             48837      MI       GRAND LEDGE                                 Single Family                          8.9900
       2145             33189      FL       MIAMI                                       Condominium                            9.1500
       2146             91306      CA       LOS ANGELES                                 Single Family                          7.4000
       2147             34238      FL       SARASOTA                                    Condominium                            8.3500
       2148             93312      CA       BAKERSFIELD                                 Single Family                          7.9500
       2149             89131      NV       LAS VEGAS                                   PUD                                    7.9000
       2150              1906      MA       SAUGUS                                      2-4 Family                             7.9900
       2151             95376      CA       TRACY                                       Single Family                          9.8500
       2152             66062      KS       OLATHE                                      Single Family                          9.7000
       2153             89131      NV       LAS VEGAS                                   PUD                                    9.1500
       2154             80550      CO       WINDSOR                                     Single Family                          8.8500
       2155             77072      TX       HOUSTON                                     PUD                                    9.9500
       2156              1923      MA       DANVERS                                     Single Family                          7.8500
       2157             17078      PA       PALMYRA                                     Single Family                          8.5500
       2158             91768      CA       POMONA                                      Single Family                          8.5500
       2159             21230      MD       BALTIMORE                                   Single Family                          8.6000
       2160             85035      AZ       PHOENIX                                     Single Family                          9.5500
       2161             12306      NY       SCHENECTADY                                 2-4 Family                             8.8500
       2162             95823      CA       SACRAMENTO                                  Condominium                            9.9500
       2163             39520      MS       BAY SAINT LOUIS                             Single Family                          8.2250
       2164             33185      FL       MIAMI                                       PUD                                    8.7000
       2165             80521      CO       FORT COLLINS                                Single Family                          7.3500
       2166              2368      MA       RANDOLPH                                    Single Family                          7.3000
       2167             21212      MD       BALTIMORE                                   Single Family                          8.9500
       2168             95828      CA       SACRAMENTO                                  PUD                                    8.9500
       2169             90047      CA       LOS ANGELES                                 Single Family                          7.5500
       2170             91935      CA       JAMUL                                       Single Family                          9.1500
       2171             60610      IL       CHICAGO                                     Condominium                           10.2500
       2172             95823      CA       SACRAMENTO                                  Single Family                          8.7500
       2173             54911      WI       APPLETON                                    Single Family                          8.4000
       2174             92154      CA       SAN DIEGO                                   PUD                                    7.1000
       2175              7740      NJ       LONG BRANCH                                 2-4 Family                             7.8500
       2176             85033      AZ       PHOENIX                                     Single Family                          8.0000
       2177             33024      FL       HOLLYWOOD                                   Single Family                          8.5000

                  SERV_FEE            LPMI           TRUSTFEE          MSERV                CURRENT_NET_COUPON                  MATURITY_DATE
---------------------------------------------------------------------------------------------------------------------------------------------
          1        0.5000            0.0000           0.0050           0.0000                    10.1700                          20360901
          2        0.5000            0.0000           0.0050           0.0000                     7.2700                          20360901
          3        0.5000            0.0000           0.0050           0.0000                     6.2450                          20360901
          4        0.5000            0.0000           0.0050           0.0000                     6.2950                          20360901
          5        0.5000            0.0000           0.0050           0.0000                     7.9950                          20360901
          6        0.5000            0.0000           0.0050           0.0000                     8.5950                          20360901
          7        0.5000            0.0000           0.0050           0.0000                     6.0950                          20360901
          8        0.5000            0.0000           0.0050           0.0000                    11.5450                          20360901
          9        0.5000            0.0000           0.0050           0.0000                     7.3450                          20360901
         10        0.5000            0.0000           0.0050           0.0000                     8.2950                          20360901
         11        0.5000            0.0000           0.0050           0.0000                     8.6450                          20360901
         12        0.5000            0.0000           0.0050           0.0000                     7.4850                          20360901
         13        0.5000            0.0000           0.0050           0.0000                     8.6450                          20360901
         14        0.5000            0.0000           0.0050           0.0000                     6.8950                          20360901
         15        0.5000            0.0000           0.0050           0.0000                    10.4950                          20360901
         16        0.5000            0.0000           0.0050           0.0000                     8.4950                          20360901
         17        0.5000            0.0000           0.0050           0.0000                     7.4950                          20360901
         18        0.5000            0.0000           0.0050           0.0000                     6.9950                          20360901
         19        0.5000            0.0000           0.0050           0.0000                    12.0450                          20360901
         20        0.5000            0.0000           0.0050           0.0000                     8.9450                          20360901
         21        0.5000            0.0000           0.0050           0.0000                     8.8450                          20360901
         22        0.5000            0.0000           0.0050           0.0000                     7.2450                          20360901
         23        0.5000            0.0000           0.0050           0.0000                    11.3450                          20360901
         24        0.5000            0.0000           0.0050           0.0000                     8.2950                          20360901
         25        0.5000            0.0000           0.0050           0.0000                     9.2950                          20360901
         26        0.5000            0.0000           0.0050           0.0000                    11.8950                          20360901
         27        0.5000            0.0000           0.0050           0.0000                     9.3950                          20360901
         28        0.5000            0.0000           0.0050           0.0000                     9.8950                          20360901
         29        0.5000            0.0000           0.0050           0.0000                     7.6850                          20360901
         30        0.5000            0.0000           0.0050           0.0000                     7.3450                          20360901
         31        0.5000            0.0000           0.0050           0.0000                     8.9450                          20360901
         32        0.5000            0.0000           0.0050           0.0000                     6.7950                          20360901
         33        0.5000            0.0000           0.0050           0.0000                     8.5950                          20360901
         34        0.5000            0.0000           0.0050           0.0000                     9.4850                          20360901
         35        0.5000            0.0000           0.0050           0.0000                     9.1450                          20360901
         36        0.5000            0.0000           0.0050           0.0000                     7.1700                          20360901
         37        0.5000            0.0000           0.0050           0.0000                     6.9450                          20360901
         38        0.5000            0.0000           0.0050           0.0000                     7.4450                          20360901
         39        0.5000            0.0000           0.0050           0.0000                     6.0450                          20360901
         40        0.5000            0.0000           0.0050           0.0000                     7.3950                          20360901
         41        0.5000            0.0000           0.0050           0.0000                     9.8950                          20360901
         42        0.5000            0.0000           0.0050           0.0000                    10.4200                          20360901
         43        0.5000            0.0000           0.0050           0.0000                     9.4950                          20360901
         44        0.5000            0.0000           0.0050           0.0000                     6.4850                          20360901
         45        0.5000            0.0000           0.0050           0.0000                     7.5450                          20360901
         46        0.5000            0.0000           0.0050           0.0000                     9.2450                          20360901
         47        0.5000            0.0000           0.0050           0.0000                     8.2450                          20360801
         48        0.5000            0.0000           0.0050           0.0000                     8.7950                          20360901
         49        0.5000            0.0000           0.0050           0.0000                     9.5950                          20360901
         50        0.5000            0.0000           0.0050           0.0000                     7.4850                          20360901
         51        0.5000            0.0000           0.0050           0.0000                     8.6450                          20360901
         52        0.5000            0.0000           0.0050           0.0000                     9.1950                          20360901
         53        0.5000            0.0000           0.0050           0.0000                    11.6450                          20360801
         54        0.5000            0.0000           0.0050           0.0000                     7.7950                          20360901
         55        0.5000            0.0000           0.0050           0.0000                    10.5950                          20360901
         56        0.5000            0.0000           0.0050           0.0000                     8.3070                          20360901
         57        0.5000            0.0000           0.0050           0.0000                     7.6450                          20360701
         58        0.5000            0.0000           0.0050           0.0000                     9.8450                          20360701
         59        0.5000            0.0000           0.0050           0.0000                     5.3950                          20360701
         60        0.5000            0.0000           0.0050           0.0000                    10.0950                          20360701
         61        0.5000            0.0000           0.0050           0.0000                     7.8450                          20360701
         62        0.5000            0.0000           0.0050           0.0000                     8.7450                          20360801
         63        0.5000            0.0000           0.0050           0.0000                     7.9950                          20360701
         64        0.5000            0.0000           0.0050           0.0000                     8.1950                          20260701
         65        0.5000            0.0000           0.0050           0.0000                     6.1950                          20360701
         66        0.5000            0.0000           0.0050           0.0000                     8.3450                          20360501
         67        0.5000            0.0000           0.0050           0.0000                     6.7450                          20360501
         68        0.5000            0.0000           0.0050           0.0000                    10.0450                          20360901
         69        0.5000            0.0000           0.0050           0.0000                     7.6950                          20360901
         70        0.5000            0.0000           0.0050           0.0000                     7.9950                          20360901
         71        0.5000            0.0000           0.0050           0.0000                     7.7950                          20360901
         72        0.5000            0.0000           0.0050           0.0000                     6.6450                          20360901
         73        0.5000            0.0000           0.0050           0.0000                     9.7450                          20360901
         74        0.5000            0.0000           0.0050           0.0000                     7.7450                          20360901
         75        0.5000            0.0000           0.0050           0.0000                    10.0950                          20360901
         76        0.5000            0.0000           0.0050           0.0000                     6.3450                          20360901
         77        0.5000            0.0000           0.0050           0.0000                     6.8950                          20360901
         78        0.5000            0.0000           0.0050           0.0000                     7.9950                          20360901
         79        0.5000            0.0000           0.0050           0.0000                     7.6450                          20360901
         80        0.5000            0.0000           0.0050           0.0000                     7.0950                          20360901
         81        0.5000            0.0000           0.0050           0.0000                     8.3700                          20360901
         82        0.5000            0.0000           0.0050           0.0000                     7.5950                          20360901
         83        0.5000            0.0000           0.0050           0.0000                     7.6950                          20360901
         84        0.5000            0.0000           0.0050           0.0000                     7.1450                          20360901
         85        0.5000            0.0000           0.0050           0.0000                     7.7450                          20360901
         86        0.5000            0.0000           0.0050           0.0000                     8.7450                          20360901
         87        0.5000            0.0000           0.0050           0.0000                     8.4450                          20360901
         88        0.5000            0.0000           0.0050           0.0000                     8.6450                          20360901
         89        0.5000            0.0000           0.0050           0.0000                    10.3950                          20360901
         90        0.5000            0.0000           0.0050           0.0000                    10.1950                          20360901
         91        0.5000            0.0000           0.0050           0.0000                     6.6450                          20360901
         92        0.5000            0.0000           0.0050           0.0000                     8.1950                          20360901
         93        0.5000            0.0000           0.0050           0.0000                     9.5450                          20360901
         94        0.5000            0.0000           0.0050           0.0000                     8.0950                          20360901
         95        0.5000            0.0000           0.0050           0.0000                     8.9950                          20210901
         96        0.5000            0.0000           0.0050           0.0000                     6.9950                          20360901
         97        0.5000            0.0000           0.0050           0.0000                     8.5450                          20360901
         98        0.5000            0.0000           0.0050           0.0000                     8.4450                          20360901
         99        0.5000            0.0000           0.0050           0.0000                     7.6950                          20360901
        100        0.5000            0.0000           0.0050           0.0000                     7.7450                          20360901
        101        0.5000            0.0000           0.0050           0.0000                     8.0950                          20360901
        102        0.5000            0.0000           0.0050           0.0000                    11.1450                          20360901
        103        0.5000            0.0000           0.0050           0.0000                     7.0950                          20360901
        104        0.5000            0.0000           0.0050           0.0000                     7.2450                          20360901
        105        0.5000            0.0000           0.0050           0.0000                     6.9950                          20360901
        106        0.5000            0.0000           0.0050           0.0000                    11.4950                          20360901
        107        0.5000            0.0000           0.0050           0.0000                     8.7450                          20360901
        108        0.5000            0.0000           0.0050           0.0000                     8.3450                          20360901
        109        0.5000            0.0000           0.0050           0.0000                     6.8450                          20360901
        110        0.5000            0.0000           0.0050           0.0000                     6.3950                          20360901
        111        0.5000            0.0000           0.0050           0.0000                     7.3200                          20360901
        112        0.5000            0.0000           0.0050           0.0000                     7.8950                          20360901
        113        0.5000            0.0000           0.0050           0.0000                     9.8450                          20360901
        114        0.5000            0.0000           0.0050           0.0000                     8.0950                          20360901
        115        0.5000            0.0000           0.0050           0.0000                     7.7950                          20360901
        116        0.5000            0.0000           0.0050           0.0000                    11.3950                          20360901
        117        0.5000            0.0000           0.0050           0.0000                     7.4950                          20360901
        118        0.5000            0.0000           0.0050           0.0000                     8.7950                          20360901
        119        0.5000            0.0000           0.0050           0.0000                     6.2950                          20360901
        120        0.5000            0.0000           0.0050           0.0000                     9.8450                          20360901
        121        0.5000            0.0000           0.0050           0.0000                    11.2950                          20360901
        122        0.5000            0.0000           0.0050           0.0000                     7.9950                          20360901
        123        0.5000            0.0000           0.0050           0.0000                     7.2950                          20360901
        124        0.5000            0.0000           0.0050           0.0000                     6.3450                          20360901
        125        0.5000            0.0000           0.0050           0.0000                    11.2450                          20360901
        126        0.5000            0.0000           0.0050           0.0000                     6.9450                          20360901
        127        0.5000            0.0000           0.0050           0.0000                     8.4450                          20360901
        128        0.5000            0.0000           0.0050           0.0000                     6.4450                          20360901
        129        0.5000            0.0000           0.0050           0.0000                    11.1450                          20360901
        130        0.5000            0.0000           0.0050           0.0000                     7.6950                          20360901
        131        0.5000            0.0000           0.0050           0.0000                     6.6200                          20360901
        132        0.5000            0.0000           0.0050           0.0000                     7.9950                          20360901
        133        0.5000            0.0000           0.0050           0.0000                     9.1950                          20360901
        134        0.5000            0.0000           0.0050           0.0000                     8.3950                          20360901
        135        0.5000            0.0000           0.0050           0.0000                     6.4850                          20360901
        136        0.5000            0.0000           0.0050           0.0000                     7.2700                          20360901
        137        0.5000            0.0000           0.0050           0.0000                    11.8450                          20360901
        138        0.5000            0.0000           0.0050           0.0000                     7.5950                          20360901
        139        0.5000            0.0000           0.0050           0.0000                     8.9950                          20360901
        140        0.5000            0.0000           0.0050           0.0000                     6.0450                          20360901
        141        0.5000            0.0000           0.0050           0.0000                    10.9450                          20360901
        142        0.5000            0.0000           0.0050           0.0000                     7.2450                          20360901
        143        0.5000            0.0000           0.0050           0.0000                     7.6700                          20360901
        144        0.5000            0.0000           0.0050           0.0000                     9.7950                          20360901
        145        0.5000            0.0000           0.0050           0.0000                     9.3950                          20360901
        146        0.5000            0.0000           0.0050           0.0000                     6.7950                          20360901
        147        0.5000            0.0000           0.0050           0.0000                     6.4450                          20360901
        148        0.5000            0.0000           0.0050           0.0000                     7.3950                          20360901
        149        0.5000            0.0000           0.0050           0.0000                     7.4700                          20360901
        150        0.5000            0.0000           0.0050           0.0000                     6.9950                          20360901
        151        0.5000            0.0000           0.0050           0.0000                     9.4850                          20360901
        152        0.5000            0.0000           0.0050           0.0000                     5.8700                          20310901
        153        0.5000            0.0000           0.0050           0.0000                     5.4850                          20210901
        154        0.5000            0.0000           0.0050           0.0000                     7.2450                          20360901
        155        0.5000            0.0000           0.0050           0.0000                     6.7950                          20360901
        156        0.5000            0.0000           0.0050           0.0000                     9.0450                          20360901
        157        0.5000            0.0000           0.0050           0.0000                     7.7450                          20360901
        158        0.5000            0.0000           0.0050           0.0000                    11.3450                          20360901
        159        0.5000            0.0000           0.0050           0.0000                    10.6450                          20360901
        160        0.5000            0.0000           0.0050           0.0000                     8.3700                          20360901
        161        0.5000            0.0000           0.0050           0.0000                    10.0950                          20360901
        162        0.5000            0.0000           0.0050           0.0000                     7.8950                          20360901
        163        0.5000            0.0000           0.0050           0.0000                     7.2950                          20360901
        164        0.5000            0.0000           0.0050           0.0000                     8.2950                          20360901
        165        0.5000            0.0000           0.0050           0.0000                     8.8950                          20360901
        166        0.5000            0.0000           0.0050           0.0000                     7.4850                          20360901
        167        0.5000            0.0000           0.0050           0.0000                     6.0450                          20360901
        168        0.5000            0.0000           0.0050           0.0000                     7.1450                          20360901
        169        0.5000            0.0000           0.0050           0.0000                     8.3450                          20360901
        170        0.5000            0.0000           0.0050           0.0000                     7.5450                          20360901
        171        0.5000            0.0000           0.0050           0.0000                     7.6450                          20360901
        172        0.5000            0.0000           0.0050           0.0000                     9.0950                          20360901
        173        0.5000            0.0000           0.0050           0.0000                     8.1200                          20360901
        174        0.5000            0.0000           0.0050           0.0000                     7.8950                          20360901
        175        0.5000            0.0000           0.0050           0.0000                     8.4950                          20360901
        176        0.5000            0.0000           0.0050           0.0000                     7.7450                          20360901
        177        0.5000            0.0000           0.0050           0.0000                     8.9450                          20360901
        178        0.5000            0.0000           0.0050           0.0000                    10.4450                          20360901
        179        0.5000            0.0000           0.0050           0.0000                     8.0200                          20360901
        180        0.5000            0.0000           0.0050           0.0000                     8.7450                          20360901
        181        0.5000            0.0000           0.0050           0.0000                     6.7950                          20360901
        182        0.5000            0.0000           0.0050           0.0000                     8.4950                          20360901
        183        0.5000            0.0000           0.0050           0.0000                     6.9450                          20360901
        184        0.5000            0.0000           0.0050           0.0000                    11.3450                          20360901
        185        0.5000            0.0000           0.0050           0.0000                    10.2450                          20360901
        186        0.5000            0.0000           0.0050           0.0000                    10.8950                          20360901
        187        0.5000            0.0000           0.0050           0.0000                     7.0450                          20360901
        188        0.5000            0.0000           0.0050           0.0000                     9.0950                          20360901
        189        0.5000            0.0000           0.0050           0.0000                     7.5950                          20360901
        190        0.5000            0.0000           0.0050           0.0000                     7.9950                          20360901
        191        0.5000            0.0000           0.0050           0.0000                    10.0700                          20360901
        192        0.5000            0.0000           0.0050           0.0000                     7.1950                          20360901
        193        0.5000            0.0000           0.0050           0.0000                     9.1950                          20360901
        194        0.5000            0.0000           0.0050           0.0000                     9.0450                          20360901
        195        0.5000            0.0000           0.0050           0.0000                    11.6450                          20360901
        196        0.5000            0.0000           0.0050           0.0000                     8.9950                          20360901
        197        0.5000            0.0000           0.0050           0.0000                     7.4950                          20360901
        198        0.5000            0.0000           0.0050           0.0000                     9.3950                          20360901
        199        0.5000            0.0000           0.0050           0.0000                     9.1450                          20360901
        200        0.5000            0.0000           0.0050           0.0000                     6.7950                          20360901
        201        0.5000            0.0000           0.0050           0.0000                     7.1950                          20360901
        202        0.5000            0.0000           0.0050           0.0000                     8.2450                          20360901
        203        0.5000            0.0000           0.0050           0.0000                     7.0950                          20360901
        204        0.5000            0.0000           0.0050           0.0000                     8.0450                          20360901
        205        0.5000            0.0000           0.0050           0.0000                     9.0450                          20360901
        206        0.5000            0.0000           0.0050           0.0000                     8.4850                          20360901
        207        0.5000            0.0000           0.0050           0.0000                    12.2200                          20360901
        208        0.5000            0.0000           0.0050           0.0000                     7.3950                          20360901
        209        0.5000            0.0000           0.0050           0.0000                     6.6650                          20360901
        210        0.5000            0.0000           0.0050           0.0000                     8.1950                          20360901
        211        0.5000            0.0000           0.0050           0.0000                     8.9450                          20360901
        212        0.5000            0.0000           0.0050           0.0000                     7.3950                          20360901
        213        0.5000            0.0000           0.0050           0.0000                     8.9950                          20360901
        214        0.5000            0.0000           0.0050           0.0000                     8.4850                          20360901
        215        0.5000            0.0000           0.0050           0.0000                     7.2450                          20360901
        216        0.5000            0.0000           0.0050           0.0000                    11.1450                          20360901
        217        0.5000            0.0000           0.0050           0.0000                     7.1950                          20360901
        218        0.5000            0.0000           0.0050           0.0000                     7.8950                          20360901
        219        0.5000            0.0000           0.0050           0.0000                    10.5950                          20360901
        220        0.5000            0.0000           0.0050           0.0000                     7.4950                          20360901
        221        0.5000            0.0000           0.0050           0.0000                     8.2950                          20360901
        222        0.5000            0.0000           0.0050           0.0000                     8.9950                          20360901
        223        0.5000            0.0000           0.0050           0.0000                     7.2450                          20360901
        224        0.5000            0.0000           0.0050           0.0000                     9.3950                          20360901
        225        0.5000            0.0000           0.0050           0.0000                     8.0450                          20360901
        226        0.5000            0.0000           0.0050           0.0000                    11.6450                          20360901
        227        0.5000            0.0000           0.0050           0.0000                     7.0450                          20360901
        228        0.5000            0.0000           0.0050           0.0000                     8.9950                          20360901
        229        0.5000            0.0000           0.0050           0.0000                     6.5200                          20360901
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        499        0.5000            0.0000           0.0050           0.0000                     6.8700                          20360901
        500        0.5000            0.0000           0.0050           0.0000                     8.1450                          20360901
        501        0.5000            0.0000           0.0050           0.0000                     7.4950                          20360801
        502        0.5000            0.0000           0.0050           0.0000                     7.4850                          20360901
        503        0.5000            0.0000           0.0050           0.0000                     7.1950                          20360901
        504        0.5000            0.0000           0.0050           0.0000                     6.2950                          20360901
        505        0.5000            0.0000           0.0050           0.0000                     7.4850                          20360901
        506        0.5000            0.0000           0.0050           0.0000                     6.3950                          20360901
        507        0.5000            0.0000           0.0050           0.0000                     9.4950                          20360801
        508        0.5000            0.0000           0.0050           0.0000                     7.4850                          20360901
        509        0.5000            0.0000           0.0050           0.0000                     6.7450                          20360901
        510        0.5000            0.0000           0.0050           0.0000                     7.1950                          20360901
        511        0.5000            0.0000           0.0050           0.0000                     8.9200                          20360901
        512        0.5000            0.0000           0.0050           0.0000                     8.1450                          20360901
        513        0.5000            0.0000           0.0050           0.0000                     8.4950                          20360901
        514        0.5000            0.0000           0.0050           0.0000                     6.4950                          20360901
        515        0.5000            0.0000           0.0050           0.0000                     9.3450                          20360801
        516        0.5000            0.0000           0.0050           0.0000                     8.5450                          20360901
        517        0.5000            0.0000           0.0050           0.0000                    10.7450                          20360901
        518        0.5000            0.0000           0.0050           0.0000                     9.8950                          20360801
        519        0.5000            0.0000           0.0050           0.0000                     7.7450                          20360901
        520        0.5000            0.0000           0.0050           0.0000                     7.6450                          20360901
        521        0.5000            0.0000           0.0050           0.0000                     8.2950                          20360901
        522        0.5000            0.0000           0.0050           0.0000                     6.4350                          20360901
        523        0.5000            0.0000           0.0050           0.0000                     7.4450                          20360901
        524        0.5000            0.0000           0.0050           0.0000                     8.7950                          20360901
        525        0.5000            0.0000           0.0050           0.0000                     7.9450                          20360901
        526        0.5000            0.0000           0.0050           0.0000                     7.5950                          20210901
        527        0.5000            0.0000           0.0050           0.0000                     9.7950                          20360901
        528        0.5000            0.0000           0.0050           0.0000                     9.4850                          20360901
        529        0.5000            0.0000           0.0050           0.0000                     9.4200                          20360901
        530        0.5000            0.0000           0.0050           0.0000                     8.1950                          20360901
        531        0.5000            0.0000           0.0050           0.0000                     7.9850                          20360801
        532        0.5000            0.0000           0.0050           0.0000                     7.2450                          20360901
        533        0.5000            0.0000           0.0050           0.0000                     6.1950                          20360901
        534        0.5000            0.0000           0.0050           0.0000                     8.1950                          20360901
        535        0.5000            0.0000           0.0050           0.0000                     9.1450                          20360901
        536        0.5000            0.0000           0.0050           0.0000                     7.2450                          20360901
        537        0.5000            0.0000           0.0050           0.0000                     9.1450                          20360901
        538        0.5000            0.0000           0.0050           0.0000                     6.7450                          20360901
        539        0.5000            0.0000           0.0050           0.0000                     7.7450                          20360901
        540        0.5000            0.0000           0.0050           0.0000                     6.6950                          20360901
        541        0.5000            0.0000           0.0050           0.0000                     7.6950                          20360901
        542        0.5000            0.0000           0.0050           0.0000                    11.0950                          20360801
        543        0.5000            0.0000           0.0050           0.0000                     7.3950                          20360901
        544        0.5000            0.0000           0.0050           0.0000                     8.6450                          20360901
        545        0.5000            0.0000           0.0050           0.0000                     7.9950                          20360901
        546        0.5000            0.0000           0.0050           0.0000                     7.3450                          20360901
        547        0.5000            0.0000           0.0050           0.0000                     9.1700                          20360801
        548        0.5000            0.0000           0.0050           0.0000                     9.4450                          20360901
        549        0.5000            0.0000           0.0050           0.0000                     7.6950                          20210901
        550        0.5000            0.0000           0.0050           0.0000                     8.3450                          20360901
        551        0.5000            0.0000           0.0050           0.0000                     7.7950                          20360901
        552        0.5000            0.0000           0.0050           0.0000                     7.4850                          20360901
        553        0.5000            0.0000           0.0050           0.0000                     8.4950                          20360901
        554        0.5000            0.0000           0.0050           0.0000                     6.9950                          20360901
        555        0.5000            0.0000           0.0050           0.0000                     9.2450                          20360901
        556        0.5000            0.0000           0.0050           0.0000                     7.3450                          20360901
        557        0.5000            0.0000           0.0050           0.0000                    10.4450                          20360801
        558        0.5000            0.0000           0.0050           0.0000                     6.9450                          20360901
        559        0.5000            0.0000           0.0050           0.0000                     9.2200                          20360901
        560        0.5000            0.0000           0.0050           0.0000                     9.6950                          20360901
        561        0.5000            0.0000           0.0050           0.0000                     9.3950                          20360901
        562        0.5000            0.0000           0.0050           0.0000                    10.6450                          20360901
        563        0.5000            0.0000           0.0050           0.0000                     9.5450                          20360901
        564        0.5000            0.0000           0.0050           0.0000                     6.7950                          20360901
        565        0.5000            0.0000           0.0050           0.0000                     9.3950                          20360901
        566        0.5000            0.0000           0.0050           0.0000                     7.8450                          20360901
        567        0.5000            0.0000           0.0050           0.0000                     8.2700                          20360901
        568        0.5000            0.0000           0.0050           0.0000                     7.1950                          20360801
        569        0.5000            0.0000           0.0050           0.0000                     8.9450                          20360801
        570        0.5000            0.0000           0.0050           0.0000                     7.5450                          20360901
        571        0.5000            0.0000           0.0050           0.0000                     6.3450                          20360901
        572        0.5000            0.0000           0.0050           0.0000                     7.5450                          20360901
        573        0.5000            0.0000           0.0050           0.0000                     7.2450                          20360901
        574        0.5000            0.0000           0.0050           0.0000                     8.2950                          20360901
        575        0.5000            0.0000           0.0050           0.0000                     6.9450                          20360901
        576        0.5000            0.0000           0.0050           0.0000                     6.6950                          20360901
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        578        0.5000            0.0000           0.0050           0.0000                     6.5450                          20360901
        579        0.5000            0.0000           0.0050           0.0000                     8.4850                          20360901
        580        0.5000            0.0000           0.0050           0.0000                     6.8450                          20360801
        581        0.5000            0.0000           0.0050           0.0000                     6.8450                          20360901
        582        0.5000            0.0000           0.0050           0.0000                    10.0450                          20360901
        583        0.5000            0.0000           0.0050           0.0000                     8.3950                          20360901
        584        0.5000            0.0000           0.0050           0.0000                     7.2950                          20360901
        585        0.5000            0.0000           0.0050           0.0000                     8.3950                          20360801
        586        0.5000            0.0000           0.0050           0.0000                     8.6200                          20360801
        587        0.5000            0.0000           0.0050           0.0000                     8.7450                          20360901
        588        0.5000            0.0000           0.0050           0.0000                     7.9950                          20360901
        589        0.5000            0.0000           0.0050           0.0000                     7.4950                          20360801
        590        0.5000            0.0000           0.0050           0.0000                     7.4850                          20360801
        591        0.5000            0.0000           0.0050           0.0000                     6.9950                          20360801
        592        0.5000            0.0000           0.0050           0.0000                     7.4950                          20360901
        593        0.5000            0.0000           0.0050           0.0000                     7.9950                          20360901
        594        0.5000            0.0000           0.0050           0.0000                     6.9950                          20360901
        595        0.5000            0.0000           0.0050           0.0000                     9.4450                          20360801
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        597        0.5000            0.0000           0.0050           0.0000                    10.0950                          20360801
        598        0.5000            0.0000           0.0050           0.0000                     7.7950                          20360901
        599        0.5000            0.0000           0.0050           0.0000                    11.3450                          20360901
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        601        0.5000            0.0000           0.0050           0.0000                     9.5950                          20360801
        602        0.5000            0.0000           0.0050           0.0000                     7.8450                          20360901
        603        0.5000            0.0000           0.0050           0.0000                     7.6450                          20360801
        604        0.5000            0.0000           0.0050           0.0000                     9.0450                          20360901
        605        0.5000            0.0000           0.0050           0.0000                     8.0950                          20360901
        606        0.5000            0.0000           0.0050           0.0000                    11.9450                          20360801
        607        0.5000            0.0000           0.0050           0.0000                     6.8950                          20360901
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        612        0.5000            0.0000           0.0050           0.0000                    11.6950                          20360901
        613        0.5000            0.0000           0.0050           0.0000                     9.4450                          20360901
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        657        0.5000            0.0000           0.0050           0.0000                     7.2450                          20360901
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        661        0.5000            0.0000           0.0050           0.0000                     8.0450                          20360901
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        663        0.5000            0.0000           0.0050           0.0000                     6.9950                          20360901
        664        0.5000            0.0000           0.0050           0.0000                     7.2950                          20360901
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        667        0.5000            0.0000           0.0050           0.0000                     9.3950                          20360901
        668        0.5000            0.0000           0.0050           0.0000                     6.6450                          20360901
        669        0.5000            0.0000           0.0050           0.0000                     9.4200                          20360801
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        673        0.5000            0.0000           0.0050           0.0000                     7.7450                          20360901
        674        0.5000            0.0000           0.0050           0.0000                     6.7950                          20360901
        675        0.5000            0.0000           0.0050           0.0000                     8.5450                          20360901
        676        0.5000            0.0000           0.0050           0.0000                     8.3450                          20360801
        677        0.5000            0.0000           0.0050           0.0000                    10.2450                          20360901
        678        0.5000            0.0000           0.0050           0.0000                     7.9950                          20360901
        679        0.5000            0.0000           0.0050           0.0000                    10.7450                          20360901
        680        0.5000            0.0000           0.0050           0.0000                    10.0450                          20360901
        681        0.5000            0.0000           0.0050           0.0000                     6.2450                          20360801
        682        0.5000            0.0000           0.0050           0.0000                     9.3950                          20360901
        683        0.5000            0.0000           0.0050           0.0000                     7.4850                          20360801
        684        0.5000            0.0000           0.0050           0.0000                     5.8950                          20360901
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        688        0.5000            0.0000           0.0050           0.0000                     7.4850                          20360901
        689        0.5000            0.0000           0.0050           0.0000                    10.3950                          20360901
        690        0.5000            0.0000           0.0050           0.0000                     9.2450                          20360801
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        694        0.5000            0.0000           0.0050           0.0000                     8.9950                          20360901
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        696        0.5000            0.0000           0.0050           0.0000                     8.7950                          20360901
        697        0.5000            0.0000           0.0050           0.0000                     6.2450                          20360901
        698        0.5000            0.0000           0.0050           0.0000                     5.5950                          20360901
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        701        0.5000            0.0000           0.0050           0.0000                     6.2950                          20360801
        702        0.5000            0.0000           0.0050           0.0000                     8.1450                          20360901
        703        0.5000            0.0000           0.0050           0.0000                     8.3350                          20360901
        704        0.5000            0.0000           0.0050           0.0000                     9.6450                          20360901
        705        0.5000            0.0000           0.0050           0.0000                     8.2450                          20360801
        706        0.5000            0.0000           0.0050           0.0000                     8.8200                          20360901
        707        0.5000            0.0000           0.0050           0.0000                     6.6950                          20360901
        708        0.5000            0.0000           0.0050           0.0000                     7.6450                          20360901
        709        0.5000            0.0000           0.0050           0.0000                     7.4850                          20360901
        710        0.5000            0.0000           0.0050           0.0000                     9.4830                          20360901
        711        0.5000            0.0000           0.0050           0.0000                     7.4850                          20360901
        712        0.5000            0.0000           0.0050           0.0000                    11.1950                          20360801
        713        0.5000            0.0000           0.0050           0.0000                     6.4950                          20360801
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        715        0.5000            0.0000           0.0050           0.0000                     7.1450                          20360901
        716        0.5000            0.0000           0.0050           0.0000                     8.5950                          20360801
        717        0.5000            0.0000           0.0050           0.0000                     9.2950                          20360901
        718        0.5000            0.0000           0.0050           0.0000                     9.2950                          20360901
        719        0.5000            0.0000           0.0050           0.0000                     7.8950                          20360901
        720        0.5000            0.0000           0.0050           0.0000                     9.9950                          20360901
        721        0.5000            0.0000           0.0050           0.0000                     6.2950                          20360901
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        723        0.5000            0.0000           0.0050           0.0000                     6.9950                          20360901
        724        0.5000            0.0000           0.0050           0.0000                     6.5950                          20360801
        725        0.5000            0.0000           0.0050           0.0000                     7.3950                          20360801
        726        0.5000            0.0000           0.0050           0.0000                     7.7450                          20360901
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        728        0.5000            0.0000           0.0050           0.0000                     8.9950                          20360901
        729        0.5000            0.0000           0.0050           0.0000                     7.1950                          20360801
        730        0.5000            0.0000           0.0050           0.0000                     6.5950                          20360901
        731        0.5000            0.0000           0.0050           0.0000                     6.7950                          20360901
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        733        0.5000            0.0000           0.0050           0.0000                     9.0950                          20360801
        734        0.5000            0.0000           0.0050           0.0000                     8.6950                          20360901
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        736        0.5000            0.0000           0.0050           0.0000                     8.7450                          20360901
        737        0.5000            0.0000           0.0050           0.0000                     9.6950                          20360901
        738        0.5000            0.0000           0.0050           0.0000                     8.9950                          20360801
        739        0.5000            0.0000           0.0050           0.0000                     7.5450                          20360801
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        741        0.5000            0.0000           0.0050           0.0000                     7.7950                          20360901
        742        0.5000            0.0000           0.0050           0.0000                     7.4850                          20360901
        743        0.5000            0.0000           0.0050           0.0000                     8.6200                          20360901
        744        0.5000            0.0000           0.0050           0.0000                     8.2450                          20360801
        745        0.5000            0.0000           0.0050           0.0000                     8.0950                          20360901
        746        0.5000            0.0000           0.0050           0.0000                     8.8450                          20360801
        747        0.5000            0.0000           0.0050           0.0000                     5.8700                          20360901
        748        0.5000            0.0000           0.0050           0.0000                     6.8450                          20360901
        749        0.5000            0.0000           0.0050           0.0000                     7.2450                          20360901
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        751        0.5000            0.0000           0.0050           0.0000                     7.4850                          20360801
        752        0.5000            0.0000           0.0050           0.0000                     7.1450                          20360901
        753        0.5000            0.0000           0.0050           0.0000                     8.7450                          20360801
        754        0.5000            0.0000           0.0050           0.0000                     6.5450                          20360901
        755        0.5000            0.0000           0.0050           0.0000                    11.5950                          20360901
        756        0.5000            0.0000           0.0050           0.0000                     7.0450                          20360901
        757        0.5000            0.0000           0.0050           0.0000                     8.2450                          20360901
        758        0.5000            0.0000           0.0050           0.0000                     6.7450                          20360801
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        760        0.5000            0.0000           0.0050           0.0000                    10.3450                          20360901
        761        0.5000            0.0000           0.0050           0.0000                     7.5450                          20360801
        762        0.5000            0.0000           0.0050           0.0000                    10.3450                          20360801
        763        0.5000            0.0000           0.0050           0.0000                     7.3750                          20360801
        764        0.5000            0.0000           0.0050           0.0000                    12.2950                          20360801
        765        0.5000            0.0000           0.0050           0.0000                    10.4850                          20360901
        766        0.5000            0.0000           0.0050           0.0000                     8.8950                          20360901
        767        0.5000            0.0000           0.0050           0.0000                     6.9450                          20360801
        768        0.5000            0.0000           0.0050           0.0000                     7.0450                          20360901
        769        0.5000            0.0000           0.0050           0.0000                     8.2450                          20360801
        770        0.5000            0.0000           0.0050           0.0000                     8.0950                          20360901
        771        0.5000            0.0000           0.0050           0.0000                     8.3950                          20360901
        772        0.5000            0.0000           0.0050           0.0000                     7.2450                          20360901
        773        0.5000            0.0000           0.0050           0.0000                     6.4950                          20360901
        774        0.5000            0.0000           0.0050           0.0000                     9.2950                          20360901
        775        0.5000            0.0000           0.0050           0.0000                     6.9450                          20360801
        776        0.5000            0.0000           0.0050           0.0000                     7.5450                          20360901
        777        0.5000            0.0000           0.0050           0.0000                     9.7950                          20360901
        778        0.5000            0.0000           0.0050           0.0000                    10.4950                          20360901
        779        0.5000            0.0000           0.0050           0.0000                     8.2950                          20360901
        780        0.5000            0.0000           0.0050           0.0000                     7.2950                          20360801
        781        0.5000            0.0000           0.0050           0.0000                     6.4850                          20360901
        782        0.5000            0.0000           0.0050           0.0000                     8.4850                          20360901
        783        0.5000            0.0000           0.0050           0.0000                     8.0450                          20360801
        784        0.5000            0.0000           0.0050           0.0000                     7.3950                          20360801
        785        0.5000            0.0000           0.0050           0.0000                     7.2450                          20360901
        786        0.5000            0.0000           0.0050           0.0000                     7.1450                          20360801
        787        0.5000            0.0000           0.0050           0.0000                     7.2450                          20360901
        788        0.5000            0.0000           0.0050           0.0000                     8.4450                          20360901
        789        0.5000            0.0000           0.0050           0.0000                     7.9950                          20360801
        790        0.5000            0.0000           0.0050           0.0000                     8.4850                          20360901
        791        0.5000            0.0000           0.0050           0.0000                     9.2950                          20360901
        792        0.5000            0.0000           0.0050           0.0000                     8.6450                          20360901
        793        0.5000            0.0000           0.0050           0.0000                     8.8450                          20360901
        794        0.5000            0.0000           0.0050           0.0000                     6.2950                          20360801
        795        0.5000            0.0000           0.0050           0.0000                     6.9950                          20360801
        796        0.5000            0.0000           0.0050           0.0000                     6.8950                          20360801
        797        0.5000            0.0000           0.0050           0.0000                     6.2950                          20360801
        798        0.5000            0.0000           0.0050           0.0000                     6.8950                          20360801
        799        0.5000            0.0000           0.0050           0.0000                     6.3950                          20360801
        800        0.5000            0.0000           0.0050           0.0000                     6.9450                          20360901
        801        0.5000            0.0000           0.0050           0.0000                     7.0950                          20360901
        802        0.5000            0.0000           0.0050           0.0000                     9.7950                          20360901
        803        0.5000            0.0000           0.0050           0.0000                     7.5950                          20360801
        804        0.5000            0.0000           0.0050           0.0000                     6.4850                          20360801
        805        0.5000            0.0000           0.0050           0.0000                     8.5450                          20360901
        806        0.5000            0.0000           0.0050           0.0000                     7.8950                          20360901
        807        0.5000            0.0000           0.0050           0.0000                     5.9950                          20260901
        808        0.5000            0.0000           0.0050           0.0000                     6.6450                          20360901
        809        0.5000            0.0000           0.0050           0.0000                     8.1450                          20360901
        810        0.5000            0.0000           0.0050           0.0000                    10.0950                          20360901
        811        0.5000            0.0000           0.0050           0.0000                     7.0950                          20360901
        812        0.5000            0.0000           0.0050           0.0000                     6.9950                          20360901
        813        0.5000            0.0000           0.0050           0.0000                     6.5950                          20360901
        814        0.5000            0.0000           0.0050           0.0000                     7.4450                          20360901
        815        0.5000            0.0000           0.0050           0.0000                     6.4450                          20360801
        816        0.5000            0.0000           0.0050           0.0000                     7.8450                          20360901
        817        0.5000            0.0000           0.0050           0.0000                     8.4850                          20360801
        818        0.5000            0.0000           0.0050           0.0000                     7.5450                          20360901
        819        0.5000            0.0000           0.0050           0.0000                     6.9950                          20360801
        820        0.5000            0.0000           0.0050           0.0000                    11.1950                          20360901
        821        0.5000            0.0000           0.0050           0.0000                     7.2950                          20360801
        822        0.5000            0.0000           0.0050           0.0000                     8.4450                          20360801
        823        0.5000            0.0000           0.0050           0.0000                     6.1950                          20360801
        824        0.5000            0.0000           0.0050           0.0000                     6.4850                          20360801
        825        0.5000            0.0000           0.0050           0.0000                     6.8950                          20360901
        826        0.5000            0.0000           0.0050           0.0000                     9.4450                          20360801
        827        0.5000            0.0000           0.0050           0.0000                    11.6950                          20360801
        828        0.5000            0.0000           0.0050           0.0000                     8.0950                          20360801
        829        0.5000            0.0000           0.0050           0.0000                     9.8450                          20360801
        830        0.5000            0.0000           0.0050           0.0000                     8.3950                          20360901
        831        0.5000            0.0000           0.0050           0.0000                     7.1110                          20360901
        832        0.5000            0.0000           0.0050           0.0000                     6.3450                          20360801
        833        0.5000            0.0000           0.0050           0.0000                     8.4450                          20360801
        834        0.5000            0.0000           0.0050           0.0000                     6.9950                          20360901
        835        0.5000            0.0000           0.0050           0.0000                     7.4850                          20360801
        836        0.5000            0.0000           0.0050           0.0000                     8.1950                          20360801
        837        0.5000            0.0000           0.0050           0.0000                    10.1450                          20360801
        838        0.5000            0.0000           0.0050           0.0000                    10.6450                          20360901
        839        0.5000            0.0000           0.0050           0.0000                    10.1950                          20360901
        840        0.5000            0.0000           0.0050           0.0000                     8.7450                          20360801
        841        0.5000            0.0000           0.0050           0.0000                     8.9950                          20360801
        842        0.5000            0.0000           0.0050           0.0000                     6.3450                          20260901
        843        0.5000            0.0000           0.0050           0.0000                     6.4450                          20360901
        844        0.5000            0.0000           0.0050           0.0000                    10.5450                          20360801
        845        0.5000            0.0000           0.0050           0.0000                    10.0450                          20360801
        846        0.5000            0.0000           0.0050           0.0000                     6.1450                          20360801
        847        0.5000            0.0000           0.0050           0.0000                     6.4950                          20360801
        848        0.5000            0.0000           0.0050           0.0000                     8.0450                          20360901
        849        0.5000            0.0000           0.0050           0.0000                     9.4450                          20360801
        850        0.5000            0.0000           0.0050           0.0000                     8.4850                          20360901
        851        0.5000            0.0000           0.0050           0.0000                     6.6450                          20360801
        852        0.5000            0.0000           0.0050           0.0000                     7.2950                          20360801
        853        0.5000            0.0000           0.0050           0.0000                     7.4950                          20360901
        854        0.5000            0.0000           0.0050           0.0000                     7.9450                          20360901
        855        0.5000            0.0000           0.0050           0.0000                     8.3950                          20360901
        856        0.5000            0.0000           0.0050           0.0000                     7.0950                          20360801
        857        0.5000            0.0000           0.0050           0.0000                     9.4850                          20360901
        858        0.5000            0.0000           0.0050           0.0000                     7.9950                          20360901
        859        0.5000            0.0000           0.0050           0.0000                     6.2450                          20360901
        860        0.5000            0.0000           0.0050           0.0000                     7.4850                          20360901
        861        0.5000            0.0000           0.0050           0.0000                     8.8950                          20360901
        862        0.5000            0.0000           0.0050           0.0000                     8.5450                          20360901
        863        0.5000            0.0000           0.0050           0.0000                     9.8950                          20360901
        864        0.5000            0.0000           0.0050           0.0000                     7.1950                          20360901
        865        0.5000            0.0000           0.0050           0.0000                     7.2450                          20360901
        866        0.5000            0.0000           0.0050           0.0000                     9.0950                          20360901
        867        0.5000            0.0000           0.0050           0.0000                     6.1950                          20360801
        868        0.5000            0.0000           0.0050           0.0000                     8.2950                          20360801
        869        0.5000            0.0000           0.0050           0.0000                     8.1450                          20360901
        870        0.5000            0.0000           0.0050           0.0000                     9.3450                          20360801
        871        0.5000            0.0000           0.0050           0.0000                     7.1450                          20360801
        872        0.5000            0.0000           0.0050           0.0000                     9.3450                          20360801
        873        0.5000            0.0000           0.0050           0.0000                     6.9950                          20360801
        874        0.5000            0.0000           0.0050           0.0000                     7.7450                          20360801
        875        0.5000            0.0000           0.0050           0.0000                     5.5450                          20360801
        876        0.5000            0.0000           0.0050           0.0000                     8.4850                          20360801
        877        0.5000            0.0000           0.0050           0.0000                     7.4450                          20360801
        878        0.5000            0.0000           0.0050           0.0000                     9.4450                          20360801
        879        0.5000            0.0000           0.0050           0.0000                     7.3450                          20360801
        880        0.5000            0.0000           0.0050           0.0000                     7.1450                          20360801
        881        0.5000            0.0000           0.0050           0.0000                     8.9570                          20360801
        882        0.5000            0.0000           0.0050           0.0000                     6.7450                          20360801
        883        0.5000            0.0000           0.0050           0.0000                     8.2450                          20360901
        884        0.5000            0.0000           0.0050           0.0000                     7.6450                          20360901
        885        0.5000            0.0000           0.0050           0.0000                     6.2450                          20360801
        886        0.5000            0.0000           0.0050           0.0000                     7.2450                          20360801
        887        0.5000            0.0000           0.0050           0.0000                     9.9950                          20360801
        888        0.5000            0.0000           0.0050           0.0000                     6.8700                          20360801
        889        0.5000            0.0000           0.0050           0.0000                     6.9950                          20360801
        890        0.5000            0.0000           0.0050           0.0000                     7.4850                          20360801
        891        0.5000            0.0000           0.0050           0.0000                    11.0950                          20360901
        892        0.5000            0.0000           0.0050           0.0000                     7.1450                          20360801
        893        0.5000            0.0000           0.0050           0.0000                     9.8450                          20360801
        894        0.5000            0.0000           0.0050           0.0000                     7.8450                          20260901
        895        0.5000            0.0000           0.0050           0.0000                     7.4850                          20360801
        896        0.5000            0.0000           0.0050           0.0000                     7.9950                          20360901
        897        0.5000            0.0000           0.0050           0.0000                     6.9950                          20360801
        898        0.5000            0.0000           0.0050           0.0000                     6.6950                          20360901
        899        0.5000            0.0000           0.0050           0.0000                     8.2950                          20360801
        900        0.5000            0.0000           0.0050           0.0000                     7.6450                          20360901
        901        0.5000            0.0000           0.0050           0.0000                     7.4700                          20360801
        902        0.5000            0.0000           0.0050           0.0000                     7.3950                          20360801
        903        0.5000            0.0000           0.0050           0.0000                     7.2450                          20360801
        904        0.5000            0.0000           0.0050           0.0000                     8.8650                          20360801
        905        0.5000            0.0000           0.0050           0.0000                     8.1450                          20360801
        906        0.5000            0.0000           0.0050           0.0000                     7.3450                          20360801
        907        0.5000            0.0000           0.0050           0.0000                     9.2950                          20360901
        908        0.5000            0.0000           0.0050           0.0000                     8.1950                          20360801
        909        0.5000            0.0000           0.0050           0.0000                     8.2200                          20360901
        910        0.5000            0.0000           0.0050           0.0000                     6.4450                          20360801
        911        0.5000            0.0000           0.0050           0.0000                     6.6450                          20360801
        912        0.5000            0.0000           0.0050           0.0000                     7.5200                          20360801
        913        0.5000            0.0000           0.0050           0.0000                     7.1450                          20360801
        914        0.5000            0.0000           0.0050           0.0000                     9.9950                          20360901
        915        0.5000            0.0000           0.0050           0.0000                     8.1950                          20360801
        916        0.5000            0.0000           0.0050           0.0000                     7.5950                          20360901
        917        0.5000            0.0000           0.0050           0.0000                     7.1950                          20360901
        918        0.5000            0.0000           0.0050           0.0000                     9.5950                          20310801
        919        0.5000            0.0000           0.0050           0.0000                     9.5950                          20360901
        920        0.5000            0.0000           0.0050           0.0000                     7.4450                          20360801
        921        0.5000            0.0000           0.0050           0.0000                     8.4450                          20360901
        922        0.5000            0.0000           0.0050           0.0000                     7.4450                          20360901
        923        0.5000            0.0000           0.0050           0.0000                     6.9950                          20360801
        924        0.5000            0.0000           0.0050           0.0000                     7.7450                          20360801
        925        0.5000            0.0000           0.0050           0.0000                     8.9200                          20360801
        926        0.5000            0.0000           0.0050           0.0000                     7.4850                          20360801
        927        0.5000            0.0000           0.0050           0.0000                     8.8450                          20360901
        928        0.5000            0.0000           0.0050           0.0000                     9.2950                          20360801
        929        0.5000            0.0000           0.0050           0.0000                     8.3450                          20360901
        930        0.5000            0.0000           0.0050           0.0000                     7.4450                          20360801
        931        0.5000            0.0000           0.0050           0.0000                    10.3080                          20360801
        932        0.5000            0.0000           0.0050           0.0000                     7.4850                          20360801
        933        0.5000            0.0000           0.0050           0.0000                     6.3950                          20360801
        934        0.5000            0.0000           0.0050           0.0000                     7.4700                          20360801
        935        0.5000            0.0000           0.0050           0.0000                     8.4950                          20360801
        936        0.5000            0.0000           0.0050           0.0000                     9.8950                          20360801
        937        0.5000            0.0000           0.0050           0.0000                     7.8950                          20360801
        938        0.5000            0.0000           0.0050           0.0000                     6.8450                          20360901
        939        0.5000            0.0000           0.0050           0.0000                     6.0950                          20360901
        940        0.5000            0.0000           0.0050           0.0000                     6.4450                          20360801
        941        0.5000            0.0000           0.0050           0.0000                     7.2450                          20360901
        942        0.5000            0.0000           0.0050           0.0000                     8.8450                          20360801
        943        0.5000            0.0000           0.0050           0.0000                     6.8450                          20360801
        944        0.5000            0.0000           0.0050           0.0000                     7.2450                          20360801
        945        0.5000            0.0000           0.0050           0.0000                     7.1450                          20360801
        946        0.5000            0.0000           0.0050           0.0000                     7.0950                          20360801
        947        0.5000            0.0000           0.0050           0.0000                    10.9950                          20360801
        948        0.5000            0.0000           0.0050           0.0000                     8.4850                          20360801
        949        0.5000            0.0000           0.0050           0.0000                     7.2450                          20360801
        950        0.5000            0.0000           0.0050           0.0000                     9.4850                          20360801
        951        0.5000            0.0000           0.0050           0.0000                     6.4950                          20360801
        952        0.5000            0.0000           0.0050           0.0000                     7.5450                          20360801
        953        0.5000            0.0000           0.0050           0.0000                     8.8950                          20360801
        954        0.5000            0.0000           0.0050           0.0000                     7.8450                          20360801
        955        0.5000            0.0000           0.0050           0.0000                     7.3320                          20360801
        956        0.5000            0.0000           0.0050           0.0000                     6.4950                          20360901
        957        0.5000            0.0000           0.0050           0.0000                     9.0450                          20360901
        958        0.5000            0.0000           0.0050           0.0000                     7.7200                          20360801
        959        0.5000            0.0000           0.0050           0.0000                    10.0950                          20360801
        960        0.5000            0.0000           0.0050           0.0000                     6.6950                          20360801
        961        0.5000            0.0000           0.0050           0.0000                    10.5950                          20360901
        962        0.5000            0.0000           0.0050           0.0000                     9.6150                          20360901
        963        0.5000            0.0000           0.0050           0.0000                     8.9950                          20360801
        964        0.5000            0.0000           0.0050           0.0000                     7.5450                          20360901
        965        0.5000            0.0000           0.0050           0.0000                    11.1950                          20360801
        966        0.5000            0.0000           0.0050           0.0000                     9.8450                          20360901
        967        0.5000            0.0000           0.0050           0.0000                     8.1450                          20360801
        968        0.5000            0.0000           0.0050           0.0000                     6.6950                          20360801
        969        0.5000            0.0000           0.0050           0.0000                     9.4450                          20360801
        970        0.5000            0.0000           0.0050           0.0000                     8.1450                          20360801
        971        0.5000            0.0000           0.0050           0.0000                     7.5450                          20360901
        972        0.5000            0.0000           0.0050           0.0000                     8.7450                          20210901
        973        0.5000            0.0000           0.0050           0.0000                     7.4450                          20360801
        974        0.5000            0.0000           0.0050           0.0000                     7.4850                          20360901
        975        0.5000            0.0000           0.0050           0.0000                    10.6450                          20360801
        976        0.5000            0.0000           0.0050           0.0000                     9.4850                          20360801
        977        0.5000            0.0000           0.0050           0.0000                     7.2450                          20360801
        978        0.5000            0.0000           0.0050           0.0000                     7.7450                          20360801
        979        0.5000            0.0000           0.0050           0.0000                     6.5950                          20360801
        980        0.5000            0.0000           0.0050           0.0000                     5.9950                          20360901
        981        0.5000            0.0000           0.0050           0.0000                     7.4950                          20360801
        982        0.5000            0.0000           0.0050           0.0000                     8.2950                          20360901
        983        0.5000            0.0000           0.0050           0.0000                     6.4950                          20360801
        984        0.5000            0.0000           0.0050           0.0000                     9.2950                          20360901
        985        0.5000            0.0000           0.0050           0.0000                     8.7950                          20360901
        986        0.5000            0.0000           0.0050           0.0000                     7.5450                          20360901
        987        0.5000            0.0000           0.0050           0.0000                     7.7700                          20360801
        988        0.5000            0.0000           0.0050           0.0000                     9.0550                          20360801
        989        0.5000            0.0000           0.0050           0.0000                     6.3450                          20360801
        990        0.5000            0.0000           0.0050           0.0000                     9.3450                          20360801
        991        0.5000            0.0000           0.0050           0.0000                     7.3700                          20360801
        992        0.5000            0.0000           0.0050           0.0000                     6.4950                          20360801
        993        0.5000            0.0000           0.0050           0.0000                     6.9450                          20360801
        994        0.5000            0.0000           0.0050           0.0000                     7.3450                          20360801
        995        0.5000            0.0000           0.0050           0.0000                     8.1450                          20360801
        996        0.5000            0.0000           0.0050           0.0000                     7.0950                          20360801
        997        0.5000            0.0000           0.0050           0.0000                     6.7950                          20360901
        998        0.5000            0.0000           0.0050           0.0000                     9.8950                          20360901
        999        0.5000            0.0000           0.0050           0.0000                     8.8950                          20260801
       1000        0.5000            0.0000           0.0050           0.0000                     6.5950                          20360801
       1001        0.5000            0.0000           0.0050           0.0000                     7.4850                          20210801
       1002        0.5000            0.0000           0.0050           0.0000                     7.9950                          20360801
       1003        0.5000            0.0000           0.0050           0.0000                     7.9450                          20360801
       1004        0.5000            0.0000           0.0050           0.0000                     6.9950                          20360801
       1005        0.5000            0.0000           0.0050           0.0000                     6.6950                          20360801
       1006        0.5000            0.0000           0.0050           0.0000                     6.9750                          20360801
       1007        0.5000            0.0000           0.0050           0.0000                     7.5950                          20360801
       1008        0.5000            0.0000           0.0050           0.0000                     7.3950                          20360801
       1009        0.5000            0.0000           0.0050           0.0000                     9.2950                          20360901
       1010        0.5000            0.0000           0.0050           0.0000                     6.4950                          20360901
       1011        0.5000            0.0000           0.0050           0.0000                     8.8450                          20360801
       1012        0.5000            0.0000           0.0050           0.0000                     6.8450                          20360901
       1013        0.5000            0.0000           0.0050           0.0000                     7.3200                          20360801
       1014        0.5000            0.0000           0.0050           0.0000                     8.2950                          20360801
       1015        0.5000            0.0000           0.0050           0.0000                     9.3450                          20360801
       1016        0.5000            0.0000           0.0050           0.0000                     6.7950                          20360801
       1017        0.5000            0.0000           0.0050           0.0000                     6.4950                          20360801
       1018        0.5000            0.0000           0.0050           0.0000                     6.4950                          20360801
       1019        0.5000            0.0000           0.0050           0.0000                     6.9850                          20360901
       1020        0.5000            0.0000           0.0050           0.0000                     7.7450                          20360801
       1021        0.5000            0.0000           0.0050           0.0000                     6.1450                          20360801
       1022        0.5000            0.0000           0.0050           0.0000                     7.5700                          20360801
       1023        0.5000            0.0000           0.0050           0.0000                     8.7450                          20360901
       1024        0.5000            0.0000           0.0050           0.0000                     8.2450                          20360801
       1025        0.5000            0.0000           0.0050           0.0000                     6.2450                          20360801
       1026        0.5000            0.0000           0.0050           0.0000                     8.9830                          20360801
       1027        0.5000            0.0000           0.0050           0.0000                     7.5450                          20360801
       1028        0.5000            0.0000           0.0050           0.0000                     8.1450                          20360801
       1029        0.5000            0.0000           0.0050           0.0000                     6.2950                          20360801
       1030        0.5000            0.0000           0.0050           0.0000                     8.0450                          20360801
       1031        0.5000            0.0000           0.0050           0.0000                     8.6450                          20360901
       1032        0.5000            0.0000           0.0050           0.0000                     7.4450                          20360901
       1033        0.5000            0.0000           0.0050           0.0000                     8.7450                          20360801
       1034        0.5000            0.0000           0.0050           0.0000                     8.7450                          20360901
       1035        0.5000            0.0000           0.0050           0.0000                    10.1450                          20360801
       1036        0.5000            0.0000           0.0050           0.0000                     6.7450                          20360801
       1037        0.5000            0.0000           0.0050           0.0000                     8.8700                          20360801
       1038        0.5000            0.0000           0.0050           0.0000                     9.2450                          20360801
       1039        0.5000            0.0000           0.0050           0.0000                     7.7450                          20360901
       1040        0.5000            0.0000           0.0050           0.0000                    11.1450                          20360901
       1041        0.5000            0.0000           0.0050           0.0000                     9.3950                          20360901
       1042        0.5000            0.0000           0.0050           0.0000                     8.2450                          20360801
       1043        0.5000            0.0000           0.0050           0.0000                     7.1450                          20360801
       1044        0.5000            0.0000           0.0050           0.0000                     6.9950                          20360801
       1045        0.5000            0.0000           0.0050           0.0000                     7.7700                          20360801
       1046        0.5000            0.0000           0.0050           0.0000                     7.3950                          20360801
       1047        0.5000            0.0000           0.0050           0.0000                     8.0450                          20360801
       1048        0.5000            0.0000           0.0050           0.0000                    10.5450                          20360801
       1049        0.5000            0.0000           0.0050           0.0000                     7.7450                          20360801
       1050        0.5000            0.0000           0.0050           0.0000                     6.9950                          20360801
       1051        0.5000            0.0000           0.0050           0.0000                     9.0450                          20360801
       1052        0.5000            0.0000           0.0050           0.0000                     5.9450                          20360801
       1053        0.5000            0.0000           0.0050           0.0000                     9.0450                          20360801
       1054        0.5000            0.0000           0.0050           0.0000                     8.6450                          20360901
       1055        0.5000            0.0000           0.0050           0.0000                    10.3950                          20360801
       1056        0.5000            0.0000           0.0050           0.0000                     8.7950                          20360801
       1057        0.5000            0.0000           0.0050           0.0000                     9.2950                          20360801
       1058        0.5000            0.0000           0.0050           0.0000                     7.4850                          20360801
       1059        0.5000            0.0000           0.0050           0.0000                     8.3450                          20360801
       1060        0.5000            0.0000           0.0050           0.0000                     8.3950                          20360801
       1061        0.5000            0.0000           0.0050           0.0000                     7.4950                          20360801
       1062        0.5000            0.0000           0.0050           0.0000                     7.1450                          20360901
       1063        0.5000            0.0000           0.0050           0.0000                     5.8950                          20360801
       1064        0.5000            0.0000           0.0050           0.0000                     8.5450                          20360801
       1065        0.5000            0.0000           0.0050           0.0000                     8.1450                          20360801
       1066        0.5000            0.0000           0.0050           0.0000                     7.4850                          20360801
       1067        0.5000            0.0000           0.0050           0.0000                    10.3950                          20360801
       1068        0.5000            0.0000           0.0050           0.0000                     6.9950                          20360801
       1069        0.5000            0.0000           0.0050           0.0000                     6.5200                          20360801
       1070        0.5000            0.0000           0.0050           0.0000                     9.8950                          20360901
       1071        0.5000            0.0000           0.0050           0.0000                     7.6450                          20360801
       1072        0.5000            0.0000           0.0050           0.0000                     9.1450                          20360901
       1073        0.5000            0.0000           0.0050           0.0000                     9.0450                          20360901
       1074        0.5000            0.0000           0.0050           0.0000                     8.8450                          20360901
       1075        0.5000            0.0000           0.0050           0.0000                     6.4950                          20360801
       1076        0.5000            0.0000           0.0050           0.0000                     6.8950                          20360801
       1077        0.5000            0.0000           0.0050           0.0000                     9.5450                          20360901
       1078        0.5000            0.0000           0.0050           0.0000                    12.0450                          20360801
       1079        0.5000            0.0000           0.0050           0.0000                     7.7950                          20360801
       1080        0.5000            0.0000           0.0050           0.0000                     7.8450                          20360801
       1081        0.5000            0.0000           0.0050           0.0000                     9.2450                          20360901
       1082        0.5000            0.0000           0.0050           0.0000                     7.0950                          20210801
       1083        0.5000            0.0000           0.0050           0.0000                     6.3950                          20360801
       1084        0.5000            0.0000           0.0050           0.0000                    10.0950                          20360801
       1085        0.5000            0.0000           0.0050           0.0000                     6.5450                          20360801
       1086        0.5000            0.0000           0.0050           0.0000                     7.6950                          20360801
       1087        0.5000            0.0000           0.0050           0.0000                     7.6450                          20360901
       1088        0.5000            0.0000           0.0050           0.0000                     8.4950                          20360901
       1089        0.5000            0.0000           0.0050           0.0000                     8.2950                          20360801
       1090        0.5000            0.0000           0.0050           0.0000                     6.7950                          20360801
       1091        0.5000            0.0000           0.0050           0.0000                     7.3950                          20360801
       1092        0.5000            0.0000           0.0050           0.0000                     8.8950                          20360801
       1093        0.5000            0.0000           0.0050           0.0000                     7.6950                          20360801
       1094        0.5000            0.0000           0.0050           0.0000                     6.3450                          20360801
       1095        0.5000            0.0000           0.0050           0.0000                     7.8950                          20360801
       1096        0.5000            0.0000           0.0050           0.0000                     8.5950                          20360901
       1097        0.5000            0.0000           0.0050           0.0000                     6.2450                          20360901
       1098        0.5000            0.0000           0.0050           0.0000                     7.9450                          20360801
       1099        0.5000            0.0000           0.0050           0.0000                     8.4850                          20360901
       1100        0.5000            0.0000           0.0050           0.0000                     7.5950                          20360801
       1101        0.5000            0.0000           0.0050           0.0000                     9.3450                          20360901
       1102        0.5000            0.0000           0.0050           0.0000                     6.6450                          20360801
       1103        0.5000            0.0000           0.0050           0.0000                     9.7700                          20360901
       1104        0.5000            0.0000           0.0050           0.0000                     8.1200                          20360801
       1105        0.5000            0.0000           0.0050           0.0000                     5.9950                          20360801
       1106        0.5000            0.0000           0.0050           0.0000                    11.4450                          20360901
       1107        0.5000            0.0000           0.0050           0.0000                     8.6950                          20360801
       1108        0.5000            0.0000           0.0050           0.0000                     7.0450                          20360801
       1109        0.5000            0.0000           0.0050           0.0000                     8.4950                          20360801
       1110        0.5000            0.0000           0.0050           0.0000                     6.5950                          20360801
       1111        0.5000            0.0000           0.0050           0.0000                     9.6950                          20360801
       1112        0.5000            0.0000           0.0050           0.0000                     6.3450                          20360801
       1113        0.5000            0.0000           0.0050           0.0000                     9.3950                          20360801
       1114        0.5000            0.0000           0.0050           0.0000                     9.9950                          20360801
       1115        0.5000            0.0000           0.0050           0.0000                     7.4450                          20360801
       1116        0.5000            0.0000           0.0050           0.0000                     6.7950                          20360901
       1117        0.5000            0.0000           0.0050           0.0000                     6.7200                          20360901
       1118        0.5000            0.0000           0.0050           0.0000                     6.8950                          20360801
       1119        0.5000            0.0000           0.0050           0.0000                     9.8950                          20360801
       1120        0.5000            0.0000           0.0050           0.0000                     7.1950                          20360801
       1121        0.5000            0.0000           0.0050           0.0000                     6.9450                          20360801
       1122        0.5000            0.0000           0.0050           0.0000                     8.7950                          20360801
       1123        0.5000            0.0000           0.0050           0.0000                     6.6950                          20360801
       1124        0.5000            0.0000           0.0050           0.0000                     7.0950                          20360801
       1125        0.5000            0.0000           0.0050           0.0000                     9.7450                          20360801
       1126        0.5000            0.0000           0.0050           0.0000                     8.6950                          20360801
       1127        0.5000            0.0000           0.0050           0.0000                     7.2950                          20360801
       1128        0.5000            0.0000           0.0050           0.0000                     6.6950                          20360801
       1129        0.5000            0.0000           0.0050           0.0000                     7.2450                          20360801
       1130        0.5000            0.0000           0.0050           0.0000                     9.8450                          20360901
       1131        0.5000            0.0000           0.0050           0.0000                     9.8450                          20360801
       1132        0.5000            0.0000           0.0050           0.0000                     8.7450                          20360801
       1133        0.5000            0.0000           0.0050           0.0000                     9.7450                          20360801
       1134        0.5000            0.0000           0.0050           0.0000                     7.4850                          20360801
       1135        0.5000            0.0000           0.0050           0.0000                     6.9950                          20360801
       1136        0.5000            0.0000           0.0050           0.0000                     7.6950                          20360801
       1137        0.5000            0.0000           0.0050           0.0000                     5.9950                          20360801
       1138        0.5000            0.0000           0.0050           0.0000                     6.9450                          20360801
       1139        0.5000            0.0000           0.0050           0.0000                     6.8700                          20360801
       1140        0.5000            0.0000           0.0050           0.0000                     8.7950                          20360901
       1141        0.5000            0.0000           0.0050           0.0000                    10.0950                          20360801
       1142        0.5000            0.0000           0.0050           0.0000                     7.4950                          20360901
       1143        0.5000            0.0000           0.0050           0.0000                     7.4850                          20360801
       1144        0.5000            0.0000           0.0050           0.0000                     5.9450                          20360801
       1145        0.5000            0.0000           0.0050           0.0000                     8.3450                          20360801
       1146        0.5000            0.0000           0.0050           0.0000                     8.0950                          20360801
       1147        0.5000            0.0000           0.0050           0.0000                    10.1950                          20360901
       1148        0.5000            0.0000           0.0050           0.0000                    10.6950                          20360801
       1149        0.5000            0.0000           0.0050           0.0000                     9.2950                          20360801
       1150        0.5000            0.0000           0.0050           0.0000                     6.4850                          20360801
       1151        0.5000            0.0000           0.0050           0.0000                     7.9950                          20360801
       1152        0.5000            0.0000           0.0050           0.0000                     6.6950                          20360801
       1153        0.5000            0.0000           0.0050           0.0000                     6.0950                          20360801
       1154        0.5000            0.0000           0.0050           0.0000                     7.3450                          20360801
       1155        0.5000            0.0000           0.0050           0.0000                     7.4850                          20360801
       1156        0.5000            0.0000           0.0050           0.0000                     6.5950                          20360801
       1157        0.5000            0.0000           0.0050           0.0000                    10.2950                          20360801
       1158        0.5000            0.0000           0.0050           0.0000                     6.9450                          20360801
       1159        0.5000            0.0000           0.0050           0.0000                     7.9950                          20360901
       1160        0.5000            0.0000           0.0050           0.0000                     7.2450                          20360801
       1161        0.5000            0.0000           0.0050           0.0000                     7.1200                          20360801
       1162        0.5000            0.0000           0.0050           0.0000                     7.0450                          20360801
       1163        0.5000            0.0000           0.0050           0.0000                     6.3450                          20360901
       1164        0.5000            0.0000           0.0050           0.0000                     6.9950                          20360801
       1165        0.5000            0.0000           0.0050           0.0000                     7.9950                          20360801
       1166        0.5000            0.0000           0.0050           0.0000                     8.6950                          20360801
       1167        0.5000            0.0000           0.0050           0.0000                     9.4450                          20360801
       1168        0.5000            0.0000           0.0050           0.0000                     6.6450                          20360801
       1169        0.5000            0.0000           0.0050           0.0000                     6.5450                          20360801
       1170        0.5000            0.0000           0.0050           0.0000                     7.4700                          20360801
       1171        0.5000            0.0000           0.0050           0.0000                     9.3950                          20360801
       1172        0.5000            0.0000           0.0050           0.0000                     8.8450                          20360801
       1173        0.5000            0.0000           0.0050           0.0000                     8.7950                          20360801
       1174        0.5000            0.0000           0.0050           0.0000                     9.3700                          20360901
       1175        0.5000            0.0000           0.0050           0.0000                     7.2450                          20360801
       1176        0.5000            0.0000           0.0050           0.0000                     6.6450                          20360801
       1177        0.5000            0.0000           0.0050           0.0000                     7.9450                          20360901
       1178        0.5000            0.0000           0.0050           0.0000                     6.5450                          20360801
       1179        0.5000            0.0000           0.0050           0.0000                     8.2450                          20360801
       1180        0.5000            0.0000           0.0050           0.0000                    10.5450                          20360801
       1181        0.5000            0.0000           0.0050           0.0000                    10.9200                          20360801
       1182        0.5000            0.0000           0.0050           0.0000                     9.8950                          20360801
       1183        0.5000            0.0000           0.0050           0.0000                     6.2950                          20360901
       1184        0.5000            0.0000           0.0050           0.0000                     7.4450                          20360801
       1185        0.5000            0.0000           0.0050           0.0000                     6.9950                          20360901
       1186        0.5000            0.0000           0.0050           0.0000                     6.9450                          20360801
       1187        0.5000            0.0000           0.0050           0.0000                    10.4950                          20360801
       1188        0.5000            0.0000           0.0050           0.0000                     6.9950                          20360801
       1189        0.5000            0.0000           0.0050           0.0000                     6.9950                          20360801
       1190        0.5000            0.0000           0.0050           0.0000                     5.6750                          20360801
       1191        0.5000            0.0000           0.0050           0.0000                     8.8450                          20360801
       1192        0.5000            0.0000           0.0050           0.0000                     6.3950                          20360901
       1193        0.5000            0.0000           0.0050           0.0000                     6.3450                          20360801
       1194        0.5000            0.0000           0.0050           0.0000                     7.1330                          20360801
       1195        0.5000            0.0000           0.0050           0.0000                     6.9950                          20360801
       1196        0.5000            0.0000           0.0050           0.0000                     7.5450                          20360801
       1197        0.5000            0.0000           0.0050           0.0000                     6.4950                          20360801
       1198        0.5000            0.0000           0.0050           0.0000                     7.4950                          20360801
       1199        0.5000            0.0000           0.0050           0.0000                     6.4950                          20360801
       1200        0.5000            0.0000           0.0050           0.0000                     6.9950                          20360801
       1201        0.5000            0.0000           0.0050           0.0000                     7.3450                          20360801
       1202        0.5000            0.0000           0.0050           0.0000                     7.6450                          20360801
       1203        0.5000            0.0000           0.0050           0.0000                    10.0950                          20360801
       1204        0.5000            0.0000           0.0050           0.0000                     7.7450                          20360801
       1205        0.5000            0.0000           0.0050           0.0000                     9.2450                          20360801
       1206        0.5000            0.0000           0.0050           0.0000                     8.4950                          20360801
       1207        0.5000            0.0000           0.0050           0.0000                    10.5450                          20360801
       1208        0.5000            0.0000           0.0050           0.0000                     6.4850                          20360801
       1209        0.5000            0.0000           0.0050           0.0000                     9.5950                          20360901
       1210        0.5000            0.0000           0.0050           0.0000                     9.4450                          20360801
       1211        0.5000            0.0000           0.0050           0.0000                    11.0450                          20360801
       1212        0.5000            0.0000           0.0050           0.0000                     6.9950                          20360801
       1213        0.5000            0.0000           0.0050           0.0000                     7.0450                          20360801
       1214        0.5000            0.0000           0.0050           0.0000                     7.8950                          20360801
       1215        0.5000            0.0000           0.0050           0.0000                     8.7450                          20360801
       1216        0.5000            0.0000           0.0050           0.0000                     7.1450                          20360801
       1217        0.5000            0.0000           0.0050           0.0000                     5.9950                          20360801
       1218        0.5000            0.0000           0.0050           0.0000                     9.1450                          20360801
       1219        0.5000            0.0000           0.0050           0.0000                     7.2950                          20360801
       1220        0.5000            0.0000           0.0050           0.0000                    10.2450                          20360801
       1221        0.5000            0.0000           0.0050           0.0000                     7.1450                          20360801
       1222        0.5000            0.0000           0.0050           0.0000                     7.8450                          20360901
       1223        0.5000            0.0000           0.0050           0.0000                     9.4850                          20360801
       1224        0.5000            0.0000           0.0050           0.0000                     7.2450                          20360801
       1225        0.5000            0.0000           0.0050           0.0000                     8.2450                          20360801
       1226        0.5000            0.0000           0.0050           0.0000                     9.8450                          20360801
       1227        0.5000            0.0000           0.0050           0.0000                     7.8450                          20360801
       1228        0.5000            0.0000           0.0050           0.0000                     5.4450                          20360801
       1229        0.5000            0.0000           0.0050           0.0000                     5.6950                          20360801
       1230        0.5000            0.0000           0.0050           0.0000                     7.3950                          20360801
       1231        0.5000            0.0000           0.0050           0.0000                     7.0950                          20360801
       1232        0.5000            0.0000           0.0050           0.0000                     6.5950                          20360801
       1233        0.5000            0.0000           0.0050           0.0000                     6.5450                          20360801
       1234        0.5000            0.0000           0.0050           0.0000                     8.2450                          20360901
       1235        0.5000            0.0000           0.0050           0.0000                     7.9450                          20360801
       1236        0.5000            0.0000           0.0050           0.0000                     5.7450                          20360901
       1237        0.5000            0.0000           0.0050           0.0000                     8.3450                          20360901
       1238        0.5000            0.0000           0.0050           0.0000                     6.2450                          20360801
       1239        0.5000            0.0000           0.0050           0.0000                     7.0450                          20360801
       1240        0.5000            0.0000           0.0050           0.0000                     8.0950                          20360801
       1241        0.5000            0.0000           0.0050           0.0000                     7.7450                          20360801
       1242        0.5000            0.0000           0.0050           0.0000                     9.8950                          20360801
       1243        0.5000            0.0000           0.0050           0.0000                     7.5950                          20360801
       1244        0.5000            0.0000           0.0050           0.0000                    10.2950                          20360801
       1245        0.5000            0.0000           0.0050           0.0000                     6.7450                          20360801
       1246        0.5000            0.0000           0.0050           0.0000                     7.0950                          20360801
       1247        0.5000            0.0000           0.0050           0.0000                     8.9950                          20360801
       1248        0.5000            0.0000           0.0050           0.0000                     5.6950                          20360801
       1249        0.5000            0.0000           0.0050           0.0000                     5.5950                          20360801
       1250        0.5000            0.0000           0.0050           0.0000                     5.5950                          20360801
       1251        0.5000            0.0000           0.0050           0.0000                     5.5950                          20360801
       1252        0.5000            0.0000           0.0050           0.0000                    11.9950                          20360801
       1253        0.5000            0.0000           0.0050           0.0000                     7.4850                          20360801
       1254        0.5000            0.0000           0.0050           0.0000                     8.3950                          20360801
       1255        0.5000            0.0000           0.0050           0.0000                     8.9950                          20360801
       1256        0.5000            0.0000           0.0050           0.0000                    10.1450                          20360801
       1257        0.5000            0.0000           0.0050           0.0000                     7.0950                          20360901
       1258        0.5000            0.0000           0.0050           0.0000                     7.7950                          20360801
       1259        0.5000            0.0000           0.0050           0.0000                     8.4450                          20360901
       1260        0.5000            0.0000           0.0050           0.0000                     7.3950                          20360801
       1261        0.5000            0.0000           0.0050           0.0000                     9.3950                          20360801
       1262        0.5000            0.0000           0.0050           0.0000                     6.7450                          20360801
       1263        0.5000            0.0000           0.0050           0.0000                     7.4200                          20360801
       1264        0.5000            0.0000           0.0050           0.0000                     5.9950                          20360901
       1265        0.5000            0.0000           0.0050           0.0000                     7.9820                          20360901
       1266        0.5000            0.0000           0.0050           0.0000                     6.9950                          20360801
       1267        0.5000            0.0000           0.0050           0.0000                     6.7450                          20360801
       1268        0.5000            0.0000           0.0050           0.0000                     6.9950                          20360801
       1269        0.5000            0.0000           0.0050           0.0000                     6.8450                          20360801
       1270        0.5000            0.0000           0.0050           0.0000                     9.9450                          20360901
       1271        0.5000            0.0000           0.0050           0.0000                     7.8950                          20360801
       1272        0.5000            0.0000           0.0050           0.0000                     7.1950                          20360801
       1273        0.5000            0.0000           0.0050           0.0000                     7.3700                          20360801
       1274        0.5000            0.0000           0.0050           0.0000                     8.8950                          20360801
       1275        0.5000            0.0000           0.0050           0.0000                     8.0450                          20360901
       1276        0.5000            0.0000           0.0050           0.0000                    10.3950                          20360801
       1277        0.5000            0.0000           0.0050           0.0000                     7.5950                          20360801
       1278        0.5000            0.0000           0.0050           0.0000                     7.2450                          20360801
       1279        0.5000            0.0000           0.0050           0.0000                     8.3950                          20360801
       1280        0.5000            0.0000           0.0050           0.0000                    10.5450                          20360801
       1281        0.5000            0.0000           0.0050           0.0000                     7.3700                          20360901
       1282        0.5000            0.0000           0.0050           0.0000                     8.6950                          20360801
       1283        0.5000            0.0000           0.0050           0.0000                     7.7950                          20360801
       1284        0.5000            0.0000           0.0050           0.0000                     5.6950                          20360801
       1285        0.5000            0.0000           0.0050           0.0000                     6.4850                          20360801
       1286        0.5000            0.0000           0.0050           0.0000                     7.1450                          20360801
       1287        0.5000            0.0000           0.0050           0.0000                     7.4950                          20360801
       1288        0.5000            0.0000           0.0050           0.0000                     7.1450                          20360801
       1289        0.5000            0.0000           0.0050           0.0000                     6.2450                          20360801
       1290        0.5000            0.0000           0.0050           0.0000                     5.5950                          20360801
       1291        0.5000            0.0000           0.0050           0.0000                    11.3450                          20360801
       1292        0.5000            0.0000           0.0050           0.0000                     8.9450                          20360801
       1293        0.5000            0.0000           0.0050           0.0000                     7.0950                          20360801
       1294        0.5000            0.0000           0.0050           0.0000                     7.3450                          20360801
       1295        0.5000            0.0000           0.0050           0.0000                     5.9450                          20360801
       1296        0.5000            0.0000           0.0050           0.0000                     8.6950                          20360801
       1297        0.5000            0.0000           0.0050           0.0000                     9.8950                          20360801
       1298        0.5000            0.0000           0.0050           0.0000                     7.7950                          20360801
       1299        0.5000            0.0000           0.0050           0.0000                     8.7950                          20360801
       1300        0.5000            0.0000           0.0050           0.0000                     7.2950                          20360901
       1301        0.5000            0.0000           0.0050           0.0000                     6.9950                          20360801
       1302        0.5000            0.0000           0.0050           0.0000                     8.9950                          20360901
       1303        0.5000            0.0000           0.0050           0.0000                     6.8450                          20360901
       1304        0.5000            0.0000           0.0050           0.0000                     8.8700                          20360801
       1305        0.5000            0.0000           0.0050           0.0000                     8.8950                          20360801
       1306        0.5000            0.0000           0.0050           0.0000                     7.4850                          20360801
       1307        0.5000            0.0000           0.0050           0.0000                     6.7950                          20360801
       1308        0.5000            0.0000           0.0050           0.0000                    12.4950                          20360701
       1309        0.5000            0.0000           0.0050           0.0000                     9.0950                          20360801
       1310        0.5000            0.0000           0.0050           0.0000                     9.0950                          20360801
       1311        0.5000            0.0000           0.0050           0.0000                     7.8450                          20360801
       1312        0.5000            0.0000           0.0050           0.0000                     7.2450                          20360801
       1313        0.5000            0.0000           0.0050           0.0000                     7.6450                          20360801
       1314        0.5000            0.0000           0.0050           0.0000                     7.4200                          20360801
       1315        0.5000            0.0000           0.0050           0.0000                     7.6450                          20360801
       1316        0.5000            0.0000           0.0050           0.0000                     7.5950                          20360801
       1317        0.5000            0.0000           0.0050           0.0000                    11.0450                          20360901
       1318        0.5000            0.0000           0.0050           0.0000                     6.4950                          20360801
       1319        0.5000            0.0000           0.0050           0.0000                     8.7450                          20360801
       1320        0.5000            0.0000           0.0050           0.0000                     7.3950                          20360801
       1321        0.5000            0.0000           0.0050           0.0000                     5.5950                          20360801
       1322        0.5000            0.0000           0.0050           0.0000                     7.8950                          20360801
       1323        0.5000            0.0000           0.0050           0.0000                     8.3450                          20360801
       1324        0.5000            0.0000           0.0050           0.0000                    10.2450                          20360801
       1325        0.5000            0.0000           0.0050           0.0000                     8.9950                          20360801
       1326        0.5000            0.0000           0.0050           0.0000                     7.8950                          20360901
       1327        0.5000            0.0000           0.0050           0.0000                     7.5950                          20360801
       1328        0.5000            0.0000           0.0050           0.0000                    11.4950                          20360801
       1329        0.5000            0.0000           0.0050           0.0000                     5.6200                          20360801
       1330        0.5000            0.0000           0.0050           0.0000                    11.7950                          20360701
       1331        0.5000            0.0000           0.0050           0.0000                    11.7950                          20360801
       1332        0.5000            0.0000           0.0050           0.0000                     6.2450                          20360901
       1333        0.5000            0.0000           0.0050           0.0000                     7.1550                          20360801
       1334        0.5000            0.0000           0.0050           0.0000                     6.8950                          20360801
       1335        0.5000            0.0000           0.0050           0.0000                     8.9950                          20360801
       1336        0.5000            0.0000           0.0050           0.0000                     8.9950                          20360801
       1337        0.5000            0.0000           0.0050           0.0000                     7.5950                          20360801
       1338        0.5000            0.0000           0.0050           0.0000                     7.2950                          20360801
       1339        0.5000            0.0000           0.0050           0.0000                     5.9950                          20360801
       1340        0.5000            0.0000           0.0050           0.0000                     5.5950                          20360801
       1341        0.5000            0.0000           0.0050           0.0000                     9.4950                          20360701
       1342        0.5000            0.0000           0.0050           0.0000                     7.3950                          20360901
       1343        0.5000            0.0000           0.0050           0.0000                     7.1450                          20360801
       1344        0.5000            0.0000           0.0050           0.0000                     8.4950                          20360801
       1345        0.5000            0.0000           0.0050           0.0000                     7.7730                          20360801
       1346        0.5000            0.0000           0.0050           0.0000                     6.4850                          20360701
       1347        0.5000            0.0000           0.0050           0.0000                     5.9950                          20360801
       1348        0.5000            0.0000           0.0050           0.0000                     7.3450                          20360801
       1349        0.5000            0.0000           0.0050           0.0000                     7.7450                          20360901
       1350        0.5000            0.0000           0.0050           0.0000                     8.4850                          20360901
       1351        0.5000            0.0000           0.0050           0.0000                     7.7450                          20360801
       1352        0.5000            0.0000           0.0050           0.0000                     6.4950                          20360701
       1353        0.5000            0.0000           0.0050           0.0000                     6.4850                          20360801
       1354        0.5000            0.0000           0.0050           0.0000                     6.5950                          20360801
       1355        0.5000            0.0000           0.0050           0.0000                     9.5950                          20360801
       1356        0.5000            0.0000           0.0050           0.0000                     5.4450                          20360801
       1357        0.5000            0.0000           0.0050           0.0000                     7.3950                          20360801
       1358        0.5000            0.0000           0.0050           0.0000                     8.2950                          20360901
       1359        0.5000            0.0000           0.0050           0.0000                     8.4950                          20360801
       1360        0.5000            0.0000           0.0050           0.0000                     8.8950                          20360801
       1361        0.5000            0.0000           0.0050           0.0000                     5.5950                          20360801
       1362        0.5000            0.0000           0.0050           0.0000                     7.4950                          20360901
       1363        0.5000            0.0000           0.0050           0.0000                     6.6450                          20360801
       1364        0.5000            0.0000           0.0050           0.0000                     5.4950                          20360801
       1365        0.5000            0.0000           0.0050           0.0000                     6.5950                          20360801
       1366        0.5000            0.0000           0.0050           0.0000                     7.0450                          20360801
       1367        0.5000            0.0000           0.0050           0.0000                     6.4850                          20360801
       1368        0.5000            0.0000           0.0050           0.0000                     5.8950                          20360901
       1369        0.5000            0.0000           0.0050           0.0000                     7.9950                          20360801
       1370        0.5000            0.0000           0.0050           0.0000                     5.4950                          20360801
       1371        0.5000            0.0000           0.0050           0.0000                     6.4450                          20360801
       1372        0.5000            0.0000           0.0050           0.0000                     6.4950                          20360901
       1373        0.5000            0.0000           0.0050           0.0000                    10.4950                          20360801
       1374        0.5000            0.0000           0.0050           0.0000                     8.0450                          20360801
       1375        0.5000            0.0000           0.0050           0.0000                     6.4950                          20360801
       1376        0.5000            0.0000           0.0050           0.0000                     5.4950                          20360801
       1377        0.5000            0.0000           0.0050           0.0000                     6.0950                          20360801
       1378        0.5000            0.0000           0.0050           0.0000                     7.4450                          20360801
       1379        0.5000            0.0000           0.0050           0.0000                     7.2450                          20360801
       1380        0.5000            0.0000           0.0050           0.0000                     8.6450                          20360801
       1381        0.5000            0.0000           0.0050           0.0000                     8.3450                          20360801
       1382        0.5000            0.0000           0.0050           0.0000                     9.2950                          20360801
       1383        0.5000            0.0000           0.0050           0.0000                     7.6450                          20360801
       1384        0.5000            0.0000           0.0050           0.0000                     7.8450                          20360801
       1385        0.5000            0.0000           0.0050           0.0000                     7.8950                          20360801
       1386        0.5000            0.0000           0.0050           0.0000                     6.6950                          20360801
       1387        0.5000            0.0000           0.0050           0.0000                     7.2700                          20360801
       1388        0.5000            0.0000           0.0050           0.0000                     5.2450                          20360801
       1389        0.5000            0.0000           0.0050           0.0000                     7.6450                          20360901
       1390        0.5000            0.0000           0.0050           0.0000                     7.4850                          20360801
       1391        0.5000            0.0000           0.0050           0.0000                    12.1950                          20360701
       1392        0.5000            0.0000           0.0050           0.0000                     6.9950                          20360801
       1393        0.5000            0.0000           0.0050           0.0000                     8.1450                          20360801
       1394        0.5000            0.0000           0.0050           0.0000                     8.3950                          20360801
       1395        0.5000            0.0000           0.0050           0.0000                     8.2950                          20360801
       1396        0.5000            0.0000           0.0050           0.0000                     8.9950                          20260801
       1397        0.5000            0.0000           0.0050           0.0000                     9.3950                          20360901
       1398        0.5000            0.0000           0.0050           0.0000                     7.2950                          20360901
       1399        0.5000            0.0000           0.0050           0.0000                     6.9950                          20360801
       1400        0.5000            0.0000           0.0050           0.0000                     6.7450                          20360801
       1401        0.5000            0.0000           0.0050           0.0000                     5.9950                          20360801
       1402        0.5000            0.0000           0.0050           0.0000                     9.6450                          20360801
       1403        0.5000            0.0000           0.0050           0.0000                     7.4450                          20360901
       1404        0.5000            0.0000           0.0050           0.0000                     8.1450                          20360801
       1405        0.5000            0.0000           0.0050           0.0000                     9.8950                          20360801
       1406        0.5000            0.0000           0.0050           0.0000                     6.4950                          20360801
       1407        0.5000            0.0000           0.0050           0.0000                     6.4950                          20360801
       1408        0.5000            0.0000           0.0050           0.0000                     6.3450                          20360801
       1409        0.5000            0.0000           0.0050           0.0000                     8.4450                          20360801
       1410        0.5000            0.0000           0.0050           0.0000                     7.3950                          20360801
       1411        0.5000            0.0000           0.0050           0.0000                     6.3450                          20360801
       1412        0.5000            0.0000           0.0050           0.0000                     8.9950                          20360801
       1413        0.5000            0.0000           0.0050           0.0000                     7.9950                          20360801
       1414        0.5000            0.0000           0.0050           0.0000                    12.2950                          20360701
       1415        0.5000            0.0000           0.0050           0.0000                     8.2950                          20360801
       1416        0.5000            0.0000           0.0050           0.0000                     6.6450                          20360801
       1417        0.5000            0.0000           0.0050           0.0000                     7.1950                          20360801
       1418        0.5000            0.0000           0.0050           0.0000                     6.6200                          20360801
       1419        0.5000            0.0000           0.0050           0.0000                     7.1950                          20360801
       1420        0.5000            0.0000           0.0050           0.0000                     5.9450                          20260801
       1421        0.5000            0.0000           0.0050           0.0000                     5.4950                          20360701
       1422        0.5000            0.0000           0.0050           0.0000                     9.8950                          20360801
       1423        0.5000            0.0000           0.0050           0.0000                     7.9450                          20360801
       1424        0.5000            0.0000           0.0050           0.0000                     5.9450                          20360801
       1425        0.5000            0.0000           0.0050           0.0000                    12.2450                          20360701
       1426        0.5000            0.0000           0.0050           0.0000                     5.7950                          20360801
       1427        0.5000            0.0000           0.0050           0.0000                     9.1950                          20360901
       1428        0.5000            0.0000           0.0050           0.0000                     5.4450                          20360801
       1429        0.5000            0.0000           0.0050           0.0000                     7.2950                          20360901
       1430        0.5000            0.0000           0.0050           0.0000                     7.1450                          20360801
       1431        0.5000            0.0000           0.0050           0.0000                     7.7450                          20360801
       1432        0.5000            0.0000           0.0050           0.0000                     5.4950                          20360701
       1433        0.5000            0.0000           0.0050           0.0000                     5.5950                          20360801
       1434        0.5000            0.0000           0.0050           0.0000                     6.4950                          20360801
       1435        0.5000            0.0000           0.0050           0.0000                     8.7700                          20360901
       1436        0.5000            0.0000           0.0050           0.0000                     8.1950                          20360801
       1437        0.5000            0.0000           0.0050           0.0000                     6.4950                          20360801
       1438        0.5000            0.0000           0.0050           0.0000                     9.1450                          20360901
       1439        0.5000            0.0000           0.0050           0.0000                     9.4850                          20260801
       1440        0.5000            0.0000           0.0050           0.0000                     8.4450                          20360701
       1441        0.5000            0.0000           0.0050           0.0000                     8.4450                          20360801
       1442        0.5000            0.0000           0.0050           0.0000                     7.3070                          20360801
       1443        0.5000            0.0000           0.0050           0.0000                     7.2450                          20360801
       1444        0.5000            0.0000           0.0050           0.0000                     5.4950                          20360701
       1445        0.5000            0.0000           0.0050           0.0000                     5.4950                          20360701
       1446        0.5000            0.0000           0.0050           0.0000                     8.0950                          20360801
       1447        0.5000            0.0000           0.0050           0.0000                     7.6950                          20360801
       1448        0.5000            0.0000           0.0050           0.0000                     7.4850                          20360801
       1449        0.5000            0.0000           0.0050           0.0000                     9.7950                          20360801
       1450        0.5000            0.0000           0.0050           0.0000                     9.1950                          20360701
       1451        0.5000            0.0000           0.0050           0.0000                     8.4850                          20360801
       1452        0.5000            0.0000           0.0050           0.0000                     6.5950                          20360801
       1453        0.5000            0.0000           0.0050           0.0000                     9.0450                          20360801
       1454        0.5000            0.0000           0.0050           0.0000                     8.1450                          20360801
       1455        0.5000            0.0000           0.0050           0.0000                     9.4450                          20360801
       1456        0.5000            0.0000           0.0050           0.0000                     7.3450                          20360801
       1457        0.5000            0.0000           0.0050           0.0000                     8.5950                          20360801
       1458        0.5000            0.0000           0.0050           0.0000                    10.2450                          20360801
       1459        0.5000            0.0000           0.0050           0.0000                     8.9950                          20360801
       1460        0.5000            0.0000           0.0050           0.0000                     8.3450                          20360701
       1461        0.5000            0.0000           0.0050           0.0000                     8.8450                          20360801
       1462        0.5000            0.0000           0.0050           0.0000                     6.7450                          20360801
       1463        0.5000            0.0000           0.0050           0.0000                    12.4950                          20360701
       1464        0.5000            0.0000           0.0050           0.0000                     6.4850                          20360801
       1465        0.5000            0.0000           0.0050           0.0000                     6.9450                          20360701
       1466        0.5000            0.0000           0.0050           0.0000                     8.6450                          20360801
       1467        0.5000            0.0000           0.0050           0.0000                     5.4450                          20360801
       1468        0.5000            0.0000           0.0050           0.0000                    12.4450                          20360701
       1469        0.5000            0.0000           0.0050           0.0000                     8.4850                          20360801
       1470        0.5000            0.0000           0.0050           0.0000                    12.4450                          20360701
       1471        0.5000            0.0000           0.0050           0.0000                     9.6950                          20360901
       1472        0.5000            0.0000           0.0050           0.0000                     9.7950                          20360801
       1473        0.5000            0.0000           0.0050           0.0000                     8.9950                          20360801
       1474        0.5000            0.0000           0.0050           0.0000                     6.9850                          20360801
       1475        0.5000            0.0000           0.0050           0.0000                     7.6200                          20360901
       1476        0.5000            0.0000           0.0050           0.0000                     8.4450                          20360801
       1477        0.5000            0.0000           0.0050           0.0000                     7.2450                          20360801
       1478        0.5000            0.0000           0.0050           0.0000                    12.3450                          20360701
       1479        0.5000            0.0000           0.0050           0.0000                    10.2450                          20360801
       1480        0.5000            0.0000           0.0050           0.0000                    12.3450                          20360701
       1481        0.5000            0.0000           0.0050           0.0000                     9.9950                          20360701
       1482        0.5000            0.0000           0.0050           0.0000                    12.0450                          20360701
       1483        0.5000            0.0000           0.0050           0.0000                     6.6450                          20360801
       1484        0.5000            0.0000           0.0050           0.0000                     7.9950                          20360801
       1485        0.5000            0.0000           0.0050           0.0000                     6.8450                          20360801
       1486        0.5000            0.0000           0.0050           0.0000                     6.4950                          20360901
       1487        0.5000            0.0000           0.0050           0.0000                     9.3450                          20360801
       1488        0.5000            0.0000           0.0050           0.0000                     9.1950                          20360701
       1489        0.5000            0.0000           0.0050           0.0000                     7.4850                          20360801
       1490        0.5000            0.0000           0.0050           0.0000                     6.3950                          20360801
       1491        0.5000            0.0000           0.0050           0.0000                     8.9950                          20360801
       1492        0.5000            0.0000           0.0050           0.0000                     7.9450                          20360801
       1493        0.5000            0.0000           0.0050           0.0000                     6.7450                          20360601
       1494        0.5000            0.0000           0.0050           0.0000                    12.4950                          20360701
       1495        0.5000            0.0000           0.0050           0.0000                     7.1950                          20360701
       1496        0.5000            0.0000           0.0050           0.0000                     7.4850                          20360801
       1497        0.5000            0.0000           0.0050           0.0000                    12.3450                          20360601
       1498        0.5000            0.0000           0.0050           0.0000                     7.9950                          20360801
       1499        0.5000            0.0000           0.0050           0.0000                     7.3450                          20360801
       1500        0.5000            0.0000           0.0050           0.0000                    10.3450                          20360801
       1501        0.5000            0.0000           0.0050           0.0000                    12.4450                          20360601
       1502        0.5000            0.0000           0.0050           0.0000                     9.9850                          20360601
       1503        0.5000            0.0000           0.0050           0.0000                    12.4450                          20360701
       1504        0.5000            0.0000           0.0050           0.0000                    12.2950                          20360701
       1505        0.5000            0.0000           0.0050           0.0000                     5.8450                          20360801
       1506        0.5000            0.0000           0.0050           0.0000                    12.4950                          20360601
       1507        0.5000            0.0000           0.0050           0.0000                    12.3320                          20360801
       1508        0.5000            0.0000           0.0050           0.0000                     5.5450                          20360801
       1509        0.5000            0.0000           0.0050           0.0000                     6.6950                          20360601
       1510        0.5000            0.0000           0.0050           0.0000                     8.4850                          20360701
       1511        0.5000            0.0000           0.0050           0.0000                     7.8950                          20360801
       1512        0.5000            0.0000           0.0050           0.0000                     8.8950                          20360701
       1513        0.5000            0.0000           0.0050           0.0000                     9.5980                          20360701
       1514        0.5000            0.0000           0.0050           0.0000                    12.2950                          20360601
       1515        0.5000            0.0000           0.0050           0.0000                     7.4850                          20360601
       1516        0.5000            0.0000           0.0050           0.0000                    12.2950                          20360601
       1517        0.5000            0.0000           0.0050           0.0000                    10.7450                          20360701
       1518        0.5000            0.0000           0.0050           0.0000                     8.4850                          20360601
       1519        0.5000            0.0000           0.0050           0.0000                    12.3450                          20360601
       1520        0.5000            0.0000           0.0050           0.0000                     9.6950                          20360601
       1521        0.5000            0.0000           0.0050           0.0000                    12.2950                          20360701
       1522        0.5000            0.0000           0.0050           0.0000                    11.1450                          20360601
       1523        0.5000            0.0000           0.0050           0.0000                    12.4450                          20360501
       1524        0.5000            0.0000           0.0050           0.0000                     7.9950                          20360601
       1525        0.5000            0.0000           0.0050           0.0000                     9.3450                          20360501
       1526        0.5000            0.0000           0.0050           0.0000                     7.0450                          20360501
       1527        0.5000            0.0000           0.0050           0.0000                    10.2450                          20360501
       1528        0.5000            0.0000           0.0050           0.0000                     8.2950                          20360501
       1529        0.5000            0.0000           0.0050           0.0000                     5.7450                          20360401
       1530        0.5000            0.0000           0.0050           0.0000                     9.7200                          20360901
       1531        0.5000            0.0000           0.0050           0.0000                     9.3950                          20360901
       1532        0.5000            0.0000           0.0050           0.0000                     8.9950                          20360901
       1533        0.5000            0.0000           0.0050           0.0000                     9.8450                          20360901
       1534        0.5000            0.0000           0.0050           0.0000                     7.9950                          20360901
       1535        0.5000            0.0000           0.0050           0.0000                     8.8950                          20360901
       1536        0.5000            0.0000           0.0050           0.0000                     8.1950                          20360901
       1537        0.5000            0.0000           0.0050           0.0000                     7.7450                          20360901
       1538        0.5000            0.0000           0.0050           0.0000                     8.9950                          20360901
       1539        0.5000            0.0000           0.0050           0.0000                     8.4850                          20360901
       1540        0.5000            0.0000           0.0050           0.0000                    10.2000                          20360901
       1541        0.5000            0.0000           0.0050           0.0000                     6.7450                          20360901
       1542        0.5000            0.0000           0.0050           0.0000                     7.3700                          20360901
       1543        0.5000            0.0000           0.0050           0.0000                     8.2450                          20360901
       1544        0.5000            0.0000           0.0050           0.0000                     7.7950                          20360901
       1545        0.5000            0.0000           0.0050           0.0000                     8.0450                          20360901
       1546        0.5000            0.0000           0.0050           0.0000                     9.1950                          20360901
       1547        0.5000            0.0000           0.0050           0.0000                     7.7950                          20360901
       1548        0.5000            0.0000           0.0050           0.0000                     9.0200                          20360901
       1549        0.5000            0.0000           0.0050           0.0000                     7.6950                          20360901
       1550        0.5000            0.0000           0.0050           0.0000                     9.8450                          20360901
       1551        0.5000            0.0000           0.0050           0.0000                     9.1950                          20360901
       1552        0.5000            0.0000           0.0050           0.0000                     9.2950                          20360901
       1553        0.5000            0.0000           0.0050           0.0000                     9.7450                          20360901
       1554        0.5000            0.0000           0.0050           0.0000                     7.4850                          20360901
       1555        0.5000            0.0000           0.0050           0.0000                    10.6450                          20360901
       1556        0.5000            0.0000           0.0050           0.0000                     6.8450                          20360901
       1557        0.5000            0.0000           0.0050           0.0000                     8.2950                          20360901
       1558        0.5000            0.0000           0.0050           0.0000                    10.3950                          20360901
       1559        0.5000            0.0000           0.0050           0.0000                     7.3450                          20360901
       1560        0.5000            0.0000           0.0050           0.0000                     9.0450                          20360901
       1561        0.5000            0.0000           0.0050           0.0000                     6.8450                          20360901
       1562        0.5000            0.0000           0.0050           0.0000                     9.6450                          20360801
       1563        0.5000            0.0000           0.0050           0.0000                     9.0450                          20360901
       1564        0.5000            0.0000           0.0050           0.0000                     7.9450                          20360901
       1565        0.5000            0.0000           0.0050           0.0000                     8.0950                          20360901
       1566        0.5000            0.0000           0.0050           0.0000                     7.9950                          20360901
       1567        0.5000            0.0000           0.0050           0.0000                     7.0950                          20360901
       1568        0.5000            0.0000           0.0050           0.0000                     8.4750                          20360901
       1569        0.5000            0.0000           0.0050           0.0000                     7.9950                          20360901
       1570        0.5000            0.0000           0.0050           0.0000                     8.9950                          20260901
       1571        0.5000            0.0000           0.0050           0.0000                     7.1960                          20360901
       1572        0.5000            0.0000           0.0050           0.0000                    10.0450                          20360901
       1573        0.5000            0.0000           0.0050           0.0000                     8.8950                          20360901
       1574        0.5000            0.0000           0.0050           0.0000                    10.5450                          20360901
       1575        0.5000            0.0000           0.0050           0.0000                     6.9950                          20360901
       1576        0.5000            0.0000           0.0050           0.0000                     8.0950                          20360901
       1577        0.5000            0.0000           0.0050           0.0000                     8.8700                          20360901
       1578        0.5000            0.0000           0.0050           0.0000                    10.8950                          20360901
       1579        0.5000            0.0000           0.0050           0.0000                     8.9950                          20360901
       1580        0.5000            0.0000           0.0050           0.0000                     6.4850                          20360901
       1581        0.5000            0.0000           0.0050           0.0000                     8.1450                          20360801
       1582        0.5000            0.0000           0.0050           0.0000                     8.5950                          20360901
       1583        0.5000            0.0000           0.0050           0.0000                    11.4200                          20360801
       1584        0.5000            0.0000           0.0050           0.0000                     9.4950                          20360901
       1585        0.5000            0.0000           0.0050           0.0000                     8.6950                          20360901
       1586        0.5000            0.0000           0.0050           0.0000                     8.0450                          20360901
       1587        0.5000            0.0000           0.0050           0.0000                     8.3450                          20360901
       1588        0.5000            0.0000           0.0050           0.0000                     6.7450                          20360901
       1589        0.5000            0.0000           0.0050           0.0000                     8.7950                          20360801
       1590        0.5000            0.0000           0.0050           0.0000                     7.8450                          20360901
       1591        0.5000            0.0000           0.0050           0.0000                     7.0950                          20360801
       1592        0.5000            0.0000           0.0050           0.0000                     7.2450                          20360901
       1593        0.5000            0.0000           0.0050           0.0000                     8.3950                          20360901
       1594        0.5000            0.0000           0.0050           0.0000                     7.4950                          20360801
       1595        0.5000            0.0000           0.0050           0.0000                     9.4850                          20360901
       1596        0.5000            0.0000           0.0050           0.0000                     6.9950                          20360901
       1597        0.5000            0.0000           0.0050           0.0000                     7.9950                          20360901
       1598        0.5000            0.0000           0.0050           0.0000                     8.8950                          20360901
       1599        0.5000            0.0000           0.0050           0.0000                     6.7950                          20360901
       1600        0.5000            0.0000           0.0050           0.0000                     9.1950                          20360901
       1601        0.5000            0.0000           0.0050           0.0000                     9.9950                          20360901
       1602        0.5000            0.0000           0.0050           0.0000                     7.7450                          20360801
       1603        0.5000            0.0000           0.0050           0.0000                     8.3700                          20360801
       1604        0.5000            0.0000           0.0050           0.0000                     9.9950                          20360801
       1605        0.5000            0.0000           0.0050           0.0000                     7.2950                          20360901
       1606        0.5000            0.0000           0.0050           0.0000                     7.4850                          20360901
       1607        0.5000            0.0000           0.0050           0.0000                     7.7450                          20360901
       1608        0.5000            0.0000           0.0050           0.0000                     8.6950                          20360901
       1609        0.5000            0.0000           0.0050           0.0000                    10.5450                          20360901
       1610        0.5000            0.0000           0.0050           0.0000                     8.7450                          20360801
       1611        0.5000            0.0000           0.0050           0.0000                     6.9950                          20360801
       1612        0.5000            0.0000           0.0050           0.0000                     8.3450                          20360901
       1613        0.5000            0.0000           0.0050           0.0000                     6.6200                          20360901
       1614        0.5000            0.0000           0.0050           0.0000                     8.2950                          20360901
       1615        0.5000            0.0000           0.0050           0.0000                     6.7950                          20360901
       1616        0.5000            0.0000           0.0050           0.0000                     8.9950                          20360801
       1617        0.5000            0.0000           0.0050           0.0000                     9.7950                          20360901
       1618        0.5000            0.0000           0.0050           0.0000                     7.5950                          20360901
       1619        0.5000            0.0000           0.0050           0.0000                     8.2050                          20360901
       1620        0.5000            0.0000           0.0050           0.0000                     6.4850                          20360901
       1621        0.5000            0.0000           0.0050           0.0000                     7.3950                          20360901
       1622        0.5000            0.0000           0.0050           0.0000                     7.2950                          20360901
       1623        0.5000            0.0000           0.0050           0.0000                     8.1450                          20360801
       1624        0.5000            0.0000           0.0050           0.0000                     9.2950                          20360801
       1625        0.5000            0.0000           0.0050           0.0000                     8.1450                          20360901
       1626        0.5000            0.0000           0.0050           0.0000                     7.7950                          20360801
       1627        0.5000            0.0000           0.0050           0.0000                     9.2450                          20360801
       1628        0.5000            0.0000           0.0050           0.0000                     9.2950                          20360901
       1629        0.5000            0.0000           0.0050           0.0000                     8.6450                          20360901
       1630        0.5000            0.0000           0.0050           0.0000                     8.0950                          20360801
       1631        0.5000            0.0000           0.0050           0.0000                     7.7950                          20360901
       1632        0.5000            0.0000           0.0050           0.0000                     8.4950                          20360901
       1633        0.5000            0.0000           0.0050           0.0000                     7.9950                          20360901
       1634        0.5000            0.0000           0.0050           0.0000                     7.8950                          20360901
       1635        0.5000            0.0000           0.0050           0.0000                     7.2450                          20360801
       1636        0.5000            0.0000           0.0050           0.0000                     8.7450                          20360901
       1637        0.5000            0.0000           0.0050           0.0000                     7.2450                          20360801
       1638        0.5000            0.0000           0.0050           0.0000                     7.2550                          20360801
       1639        0.5000            0.0000           0.0050           0.0000                     6.7450                          20360801
       1640        0.5000            0.0000           0.0050           0.0000                     8.8450                          20360801
       1641        0.5000            0.0000           0.0050           0.0000                     8.4850                          20360901
       1642        0.5000            0.0000           0.0050           0.0000                     7.7450                          20360901
       1643        0.5000            0.0000           0.0050           0.0000                     9.2950                          20360801
       1644        0.5000            0.0000           0.0050           0.0000                     7.1450                          20360801
       1645        0.5000            0.0000           0.0050           0.0000                     9.4450                          20360901
       1646        0.5000            0.0000           0.0050           0.0000                     9.7450                          20360901
       1647        0.5000            0.0000           0.0050           0.0000                     8.4850                          20360901
       1648        0.5000            0.0000           0.0050           0.0000                     8.3100                          20360901
       1649        0.5000            0.0000           0.0050           0.0000                     8.4830                          20360901
       1650        0.5000            0.0000           0.0050           0.0000                     8.7450                          20360801
       1651        0.5000            0.0000           0.0050           0.0000                     7.6450                          20360801
       1652        0.5000            0.0000           0.0050           0.0000                     9.6450                          20360901
       1653        0.5000            0.0000           0.0050           0.0000                     8.4850                          20360801
       1654        0.5000            0.0000           0.0050           0.0000                     8.1950                          20360801
       1655        0.5000            0.0000           0.0050           0.0000                     8.2950                          20360901
       1656        0.5000            0.0000           0.0050           0.0000                     6.4950                          20360901
       1657        0.5000            0.0000           0.0050           0.0000                     9.0450                          20360901
       1658        0.5000            0.0000           0.0050           0.0000                     6.8450                          20360801
       1659        0.5000            0.0000           0.0050           0.0000                     7.5950                          20360901
       1660        0.5000            0.0000           0.0050           0.0000                     7.6450                          20360901
       1661        0.5000            0.0000           0.0050           0.0000                     7.3450                          20360801
       1662        0.5000            0.0000           0.0050           0.0000                    10.7450                          20360901
       1663        0.5000            0.0000           0.0050           0.0000                     8.2950                          20360801
       1664        0.5000            0.0000           0.0050           0.0000                     8.2950                          20360901
       1665        0.5000            0.0000           0.0050           0.0000                     8.0450                          20360801
       1666        0.5000            0.0000           0.0050           0.0000                     8.4850                          20360801
       1667        0.5000            0.0000           0.0050           0.0000                     8.7950                          20360801
       1668        0.5000            0.0000           0.0050           0.0000                     8.8950                          20360801
       1669        0.5000            0.0000           0.0050           0.0000                     9.9950                          20360801
       1670        0.5000            0.0000           0.0050           0.0000                     7.8950                          20360901
       1671        0.5000            0.0000           0.0050           0.0000                     7.4950                          20360801
       1672        0.5000            0.0000           0.0050           0.0000                     8.5450                          20360801
       1673        0.5000            0.0000           0.0050           0.0000                     7.3350                          20360801
       1674        0.5000            0.0000           0.0050           0.0000                     8.9950                          20360901
       1675        0.5000            0.0000           0.0050           0.0000                     7.9950                          20360901
       1676        0.5000            0.0000           0.0050           0.0000                     7.4950                          20360901
       1677        0.5000            0.0000           0.0050           0.0000                     7.9950                          20360801
       1678        0.5000            0.0000           0.0050           0.0000                     8.6700                          20360801
       1679        0.5000            0.0000           0.0050           0.0000                     9.4450                          20360801
       1680        0.5000            0.0000           0.0050           0.0000                     9.2450                          20360901
       1681        0.5000            0.0000           0.0050           0.0000                     8.4700                          20360801
       1682        0.5000            0.0000           0.0050           0.0000                     7.2950                          20360801
       1683        0.5000            0.0000           0.0050           0.0000                     8.1950                          20360901
       1684        0.5000            0.0000           0.0050           0.0000                     8.1450                          20360901
       1685        0.5000            0.0000           0.0050           0.0000                     7.5950                          20360801
       1686        0.5000            0.0000           0.0050           0.0000                     8.1950                          20360901
       1687        0.5000            0.0000           0.0050           0.0000                     8.4950                          20360801
       1688        0.5000            0.0000           0.0050           0.0000                     7.2450                          20360801
       1689        0.5000            0.0000           0.0050           0.0000                     9.3450                          20360801
       1690        0.5000            0.0000           0.0050           0.0000                     7.5950                          20360801
       1691        0.5000            0.0000           0.0050           0.0000                     7.7950                          20360801
       1692        0.5000            0.0000           0.0050           0.0000                     7.2450                          20360901
       1693        0.5000            0.0000           0.0050           0.0000                     9.4850                          20360801
       1694        0.5000            0.0000           0.0050           0.0000                     7.5350                          20360801
       1695        0.5000            0.0000           0.0050           0.0000                     7.0950                          20360901
       1696        0.5000            0.0000           0.0050           0.0000                    10.2950                          20360801
       1697        0.5000            0.0000           0.0050           0.0000                     6.6950                          20360801
       1698        0.5000            0.0000           0.0050           0.0000                     8.4850                          20360801
       1699        0.5000            0.0000           0.0050           0.0000                     7.1450                          20360801
       1700        0.5000            0.0000           0.0050           0.0000                     6.9950                          20360801
       1701        0.5000            0.0000           0.0050           0.0000                     8.9950                          20360901
       1702        0.5000            0.0000           0.0050           0.0000                     8.6450                          20360901
       1703        0.5000            0.0000           0.0050           0.0000                     7.6450                          20360801
       1704        0.5000            0.0000           0.0050           0.0000                     7.4950                          20360801
       1705        0.5000            0.0000           0.0050           0.0000                     8.8950                          20360901
       1706        0.5000            0.0000           0.0050           0.0000                     8.3950                          20360801
       1707        0.5000            0.0000           0.0050           0.0000                     7.4950                          20360801
       1708        0.5000            0.0000           0.0050           0.0000                     9.1450                          20360901
       1709        0.5000            0.0000           0.0050           0.0000                     7.4850                          20360801
       1710        0.5000            0.0000           0.0050           0.0000                     8.9450                          20360801
       1711        0.5000            0.0000           0.0050           0.0000                     9.7450                          20360901
       1712        0.5000            0.0000           0.0050           0.0000                     7.8700                          20360901
       1713        0.5000            0.0000           0.0050           0.0000                     6.9950                          20360801
       1714        0.5000            0.0000           0.0050           0.0000                     8.3450                          20360801
       1715        0.5000            0.0000           0.0050           0.0000                     7.4950                          20360901
       1716        0.5000            0.0000           0.0050           0.0000                     6.7950                          20360801
       1717        0.5000            0.0000           0.0050           0.0000                     8.6950                          20360801
       1718        0.5000            0.0000           0.0050           0.0000                     7.7450                          20360801
       1719        0.5000            0.0000           0.0050           0.0000                     7.2450                          20360901
       1720        0.5000            0.0000           0.0050           0.0000                     9.0950                          20360901
       1721        0.5000            0.0000           0.0050           0.0000                     7.2450                          20360801
       1722        0.5000            0.0000           0.0050           0.0000                     8.4950                          20360801
       1723        0.5000            0.0000           0.0050           0.0000                     8.5950                          20360801
       1724        0.5000            0.0000           0.0050           0.0000                     7.9950                          20360801
       1725        0.5000            0.0000           0.0050           0.0000                     9.4950                          20360801
       1726        0.5000            0.0000           0.0050           0.0000                     8.9850                          20360801
       1727        0.5000            0.0000           0.0050           0.0000                     7.6450                          20360801
       1728        0.5000            0.0000           0.0050           0.0000                     7.6450                          20360901
       1729        0.5000            0.0000           0.0050           0.0000                     7.9950                          20360801
       1730        0.5000            0.0000           0.0050           0.0000                     9.1950                          20360801
       1731        0.5000            0.0000           0.0050           0.0000                     9.0950                          20360801
       1732        0.5000            0.0000           0.0050           0.0000                     8.2450                          20360801
       1733        0.5000            0.0000           0.0050           0.0000                     9.2450                          20360901
       1734        0.5000            0.0000           0.0050           0.0000                     7.0450                          20360801
       1735        0.5000            0.0000           0.0050           0.0000                     6.3950                          20360901
       1736        0.5000            0.0000           0.0050           0.0000                     8.6450                          20360801
       1737        0.5000            0.0000           0.0050           0.0000                     8.5450                          20360901
       1738        0.5000            0.0000           0.0050           0.0000                     8.0450                          20360801
       1739        0.5000            0.0000           0.0050           0.0000                     7.9850                          20360801
       1740        0.5000            0.0000           0.0050           0.0000                     7.2450                          20360801
       1741        0.5000            0.0000           0.0050           0.0000                     8.4850                          20360801
       1742        0.5000            0.0000           0.0050           0.0000                     9.2950                          20360901
       1743        0.5000            0.0000           0.0050           0.0000                     7.3950                          20360901
       1744        0.5000            0.0000           0.0050           0.0000                     9.2950                          20360901
       1745        0.5000            0.0000           0.0050           0.0000                     8.3950                          20360801
       1746        0.5000            0.0000           0.0050           0.0000                     7.6450                          20360801
       1747        0.5000            0.0000           0.0050           0.0000                     6.7450                          20360801
       1748        0.5000            0.0000           0.0050           0.0000                     9.2950                          20360801
       1749        0.5000            0.0000           0.0050           0.0000                     9.4450                          20360801
       1750        0.5000            0.0000           0.0050           0.0000                     8.3450                          20360801
       1751        0.5000            0.0000           0.0050           0.0000                     8.2450                          20360801
       1752        0.5000            0.0000           0.0050           0.0000                     9.4850                          20360801
       1753        0.5000            0.0000           0.0050           0.0000                     7.7950                          20360801
       1754        0.5000            0.0000           0.0050           0.0000                     8.6450                          20360901
       1755        0.5000            0.0000           0.0050           0.0000                     9.4450                          20360901
       1756        0.5000            0.0000           0.0050           0.0000                     7.7450                          20360901
       1757        0.5000            0.0000           0.0050           0.0000                     7.3450                          20360901
       1758        0.5000            0.0000           0.0050           0.0000                     9.2450                          20360801
       1759        0.5000            0.0000           0.0050           0.0000                     7.7450                          20360801
       1760        0.5000            0.0000           0.0050           0.0000                    10.0450                          20360801
       1761        0.5000            0.0000           0.0050           0.0000                     8.0950                          20360801
       1762        0.5000            0.0000           0.0050           0.0000                     9.3450                          20360801
       1763        0.5000            0.0000           0.0050           0.0000                     8.4450                          20360801
       1764        0.5000            0.0000           0.0050           0.0000                     7.9950                          20360801
       1765        0.5000            0.0000           0.0050           0.0000                     8.1450                          20360801
       1766        0.5000            0.0000           0.0050           0.0000                     8.1450                          20360801
       1767        0.5000            0.0000           0.0050           0.0000                     8.0450                          20360801
       1768        0.5000            0.0000           0.0050           0.0000                     8.4450                          20360801
       1769        0.5000            0.0000           0.0050           0.0000                     7.7950                          20360801
       1770        0.5000            0.0000           0.0050           0.0000                     7.2450                          20360801
       1771        0.5000            0.0000           0.0050           0.0000                     8.0950                          20360901
       1772        0.5000            0.0000           0.0050           0.0000                    10.5950                          20360801
       1773        0.5000            0.0000           0.0050           0.0000                     9.1450                          20360901
       1774        0.5000            0.0000           0.0050           0.0000                     7.4450                          20360801
       1775        0.5000            0.0000           0.0050           0.0000                    10.3950                          20360801
       1776        0.5000            0.0000           0.0050           0.0000                     7.1450                          20360801
       1777        0.5000            0.0000           0.0050           0.0000                     9.8450                          20360801
       1778        0.5000            0.0000           0.0050           0.0000                     8.1450                          20360801
       1779        0.5000            0.0000           0.0050           0.0000                     7.4950                          20360801
       1780        0.5000            0.0000           0.0050           0.0000                     7.9950                          20360801
       1781        0.5000            0.0000           0.0050           0.0000                    10.4950                          20360801
       1782        0.5000            0.0000           0.0050           0.0000                     6.6950                          20360801
       1783        0.5000            0.0000           0.0050           0.0000                     7.2950                          20360901
       1784        0.5000            0.0000           0.0050           0.0000                     8.0450                          20360801
       1785        0.5000            0.0000           0.0050           0.0000                     8.5450                          20360801
       1786        0.5000            0.0000           0.0050           0.0000                     9.1450                          20360801
       1787        0.5000            0.0000           0.0050           0.0000                     7.3950                          20360901
       1788        0.5000            0.0000           0.0050           0.0000                     9.0450                          20360801
       1789        0.5000            0.0000           0.0050           0.0000                     8.1450                          20360801
       1790        0.5000            0.0000           0.0050           0.0000                     7.1450                          20360801
       1791        0.5000            0.0000           0.0050           0.0000                     7.7950                          20360801
       1792        0.5000            0.0000           0.0050           0.0000                     8.6950                          20360801
       1793        0.5000            0.0000           0.0050           0.0000                     7.7450                          20360901
       1794        0.5000            0.0000           0.0050           0.0000                     7.0950                          20360901
       1795        0.5000            0.0000           0.0050           0.0000                     7.6450                          20360901
       1796        0.5000            0.0000           0.0050           0.0000                     8.8450                          20360801
       1797        0.5000            0.0000           0.0050           0.0000                     8.3450                          20360801
       1798        0.5000            0.0000           0.0050           0.0000                     9.3950                          20360801
       1799        0.5000            0.0000           0.0050           0.0000                     9.2960                          20360801
       1800        0.5000            0.0000           0.0050           0.0000                     9.3450                          20360801
       1801        0.5000            0.0000           0.0050           0.0000                     7.1950                          20360801
       1802        0.5000            0.0000           0.0050           0.0000                     7.3450                          20360801
       1803        0.5000            0.0000           0.0050           0.0000                     6.1450                          20360801
       1804        0.5000            0.0000           0.0050           0.0000                     9.2950                          20360801
       1805        0.5000            0.0000           0.0050           0.0000                     8.6700                          20360801
       1806        0.5000            0.0000           0.0050           0.0000                     8.2450                          20360801
       1807        0.5000            0.0000           0.0050           0.0000                     7.4850                          20360801
       1808        0.5000            0.0000           0.0050           0.0000                     7.9850                          20360801
       1809        0.5000            0.0000           0.0050           0.0000                     7.5950                          20360801
       1810        0.5000            0.0000           0.0050           0.0000                     8.7450                          20360801
       1811        0.5000            0.0000           0.0050           0.0000                     6.7450                          20360801
       1812        0.5000            0.0000           0.0050           0.0000                     9.7950                          20360801
       1813        0.5000            0.0000           0.0050           0.0000                     8.5450                          20360801
       1814        0.5000            0.0000           0.0050           0.0000                     8.2450                          20360801
       1815        0.5000            0.0000           0.0050           0.0000                     8.2450                          20360801
       1816        0.5000            0.0000           0.0050           0.0000                     8.9450                          20360801
       1817        0.5000            0.0000           0.0050           0.0000                     8.0950                          20360801
       1818        0.5000            0.0000           0.0050           0.0000                     7.1200                          20360801
       1819        0.5000            0.0000           0.0050           0.0000                     9.1950                          20360801
       1820        0.5000            0.0000           0.0050           0.0000                     8.8450                          20360901
       1821        0.5000            0.0000           0.0050           0.0000                     7.8050                          20360801
       1822        0.5000            0.0000           0.0050           0.0000                     6.4950                          20360801
       1823        0.5000            0.0000           0.0050           0.0000                     7.8950                          20360901
       1824        0.5000            0.0000           0.0050           0.0000                     8.2450                          20360801
       1825        0.5000            0.0000           0.0050           0.0000                     8.7950                          20360901
       1826        0.5000            0.0000           0.0050           0.0000                     7.0950                          20360801
       1827        0.5000            0.0000           0.0050           0.0000                     9.2450                          20360801
       1828        0.5000            0.0000           0.0050           0.0000                     8.2450                          20360801
       1829        0.5000            0.0000           0.0050           0.0000                     8.7450                          20360801
       1830        0.5000            0.0000           0.0050           0.0000                     7.2450                          20360801
       1831        0.5000            0.0000           0.0050           0.0000                     7.9950                          20360801
       1832        0.5000            0.0000           0.0050           0.0000                     8.1450                          20360801
       1833        0.5000            0.0000           0.0050           0.0000                     8.7950                          20360801
       1834        0.5000            0.0000           0.0050           0.0000                     7.7450                          20360901
       1835        0.5000            0.0000           0.0050           0.0000                     8.8950                          20360801
       1836        0.5000            0.0000           0.0050           0.0000                     7.6450                          20360801
       1837        0.5000            0.0000           0.0050           0.0000                     7.0950                          20360801
       1838        0.5000            0.0000           0.0050           0.0000                     8.4950                          20360801
       1839        0.5000            0.0000           0.0050           0.0000                     7.6450                          20360801
       1840        0.5000            0.0000           0.0050           0.0000                     8.5450                          20360801
       1841        0.5000            0.0000           0.0050           0.0000                     8.8200                          20360801
       1842        0.5000            0.0000           0.0050           0.0000                     9.4950                          20360801
       1843        0.5000            0.0000           0.0050           0.0000                     7.3950                          20360801
       1844        0.5000            0.0000           0.0050           0.0000                    10.1950                          20360801
       1845        0.5000            0.0000           0.0050           0.0000                     8.4850                          20360801
       1846        0.5000            0.0000           0.0050           0.0000                     9.8450                          20360901
       1847        0.5000            0.0000           0.0050           0.0000                    11.1950                          20360901
       1848        0.5000            0.0000           0.0050           0.0000                     6.7450                          20360801
       1849        0.5000            0.0000           0.0050           0.0000                     8.6450                          20360801
       1850        0.5000            0.0000           0.0050           0.0000                     8.5950                          20360801
       1851        0.5000            0.0000           0.0050           0.0000                     7.9950                          20360901
       1852        0.5000            0.0000           0.0050           0.0000                     9.0950                          20360801
       1853        0.5000            0.0000           0.0050           0.0000                     8.7950                          20360801
       1854        0.5000            0.0000           0.0050           0.0000                     7.9950                          20360801
       1855        0.5000            0.0000           0.0050           0.0000                     9.5450                          20360801
       1856        0.5000            0.0000           0.0050           0.0000                     7.6950                          20360801
       1857        0.5000            0.0000           0.0050           0.0000                    10.2950                          20360801
       1858        0.5000            0.0000           0.0050           0.0000                     7.2450                          20360801
       1859        0.5000            0.0000           0.0050           0.0000                     6.9450                          20360801
       1860        0.5000            0.0000           0.0050           0.0000                     7.6950                          20360801
       1861        0.5000            0.0000           0.0050           0.0000                     7.9850                          20360801
       1862        0.5000            0.0000           0.0050           0.0000                     7.1950                          20360801
       1863        0.5000            0.0000           0.0050           0.0000                     7.9950                          20360901
       1864        0.5000            0.0000           0.0050           0.0000                     8.4850                          20360801
       1865        0.5000            0.0000           0.0050           0.0000                     9.2450                          20360801
       1866        0.5000            0.0000           0.0050           0.0000                     9.7450                          20360801
       1867        0.5000            0.0000           0.0050           0.0000                     8.7200                          20360801
       1868        0.5000            0.0000           0.0050           0.0000                     8.1450                          20360801
       1869        0.5000            0.0000           0.0050           0.0000                     7.2450                          20360801
       1870        0.5000            0.0000           0.0050           0.0000                     6.9950                          20360801
       1871        0.5000            0.0000           0.0050           0.0000                     8.9700                          20360801
       1872        0.5000            0.0000           0.0050           0.0000                     7.9950                          20360801
       1873        0.5000            0.0000           0.0050           0.0000                     8.8320                          20360801
       1874        0.5000            0.0000           0.0050           0.0000                     8.4850                          20360901
       1875        0.5000            0.0000           0.0050           0.0000                     7.9950                          20360801
       1876        0.5000            0.0000           0.0050           0.0000                     8.4850                          20360801
       1877        0.5000            0.0000           0.0050           0.0000                     7.1950                          20360901
       1878        0.5000            0.0000           0.0050           0.0000                     8.1950                          20360801
       1879        0.5000            0.0000           0.0050           0.0000                     8.0450                          20360801
       1880        0.5000            0.0000           0.0050           0.0000                     7.4850                          20360801
       1881        0.5000            0.0000           0.0050           0.0000                     8.8450                          20360801
       1882        0.5000            0.0000           0.0050           0.0000                     7.1950                          20360801
       1883        0.5000            0.0000           0.0050           0.0000                     8.5950                          20360801
       1884        0.5000            0.0000           0.0050           0.0000                     8.0450                          20360801
       1885        0.5000            0.0000           0.0050           0.0000                     8.7950                          20360901
       1886        0.5000            0.0000           0.0050           0.0000                     7.1950                          20360801
       1887        0.5000            0.0000           0.0050           0.0000                     7.9950                          20360801
       1888        0.5000            0.0000           0.0050           0.0000                     7.9950                          20360801
       1889        0.5000            0.0000           0.0050           0.0000                     9.1450                          20360801
       1890        0.5000            0.0000           0.0050           0.0000                     8.4450                          20360801
       1891        0.5000            0.0000           0.0050           0.0000                     7.0950                          20360801
       1892        0.5000            0.0000           0.0050           0.0000                     7.8450                          20360801
       1893        0.5000            0.0000           0.0050           0.0000                     7.9450                          20360801
       1894        0.5000            0.0000           0.0050           0.0000                     7.8450                          20360801
       1895        0.5000            0.0000           0.0050           0.0000                     7.0450                          20360801
       1896        0.5000            0.0000           0.0050           0.0000                     9.4950                          20360801
       1897        0.5000            0.0000           0.0050           0.0000                     7.9950                          20360801
       1898        0.5000            0.0000           0.0050           0.0000                     7.7450                          20360801
       1899        0.5000            0.0000           0.0050           0.0000                     8.8450                          20360801
       1900        0.5000            0.0000           0.0050           0.0000                     8.4450                          20360801
       1901        0.5000            0.0000           0.0050           0.0000                     8.2950                          20360801
       1902        0.5000            0.0000           0.0050           0.0000                     9.9950                          20360801
       1903        0.5000            0.0000           0.0050           0.0000                     8.8950                          20360801
       1904        0.5000            0.0000           0.0050           0.0000                     7.9950                          20360801
       1905        0.5000            0.0000           0.0050           0.0000                     8.2450                          20360801
       1906        0.5000            0.0000           0.0050           0.0000                     8.7450                          20360901
       1907        0.5000            0.0000           0.0050           0.0000                     9.3700                          20360801
       1908        0.5000            0.0000           0.0050           0.0000                     8.2450                          20360801
       1909        0.5000            0.0000           0.0050           0.0000                     6.9950                          20360801
       1910        0.5000            0.0000           0.0050           0.0000                     7.7450                          20360801
       1911        0.5000            0.0000           0.0050           0.0000                     9.4850                          20360801
       1912        0.5000            0.0000           0.0050           0.0000                     8.0450                          20360801
       1913        0.5000            0.0000           0.0050           0.0000                     8.4820                          20360801
       1914        0.5000            0.0000           0.0050           0.0000                     6.4850                          20360801
       1915        0.5000            0.0000           0.0050           0.0000                     8.2950                          20360801
       1916        0.5000            0.0000           0.0050           0.0000                     6.7450                          20360801
       1917        0.5000            0.0000           0.0050           0.0000                     7.4850                          20360801
       1918        0.5000            0.0000           0.0050           0.0000                     9.7450                          20360801
       1919        0.5000            0.0000           0.0050           0.0000                     7.4850                          20360801
       1920        0.5000            0.0000           0.0050           0.0000                     8.6450                          20360801
       1921        0.5000            0.0000           0.0050           0.0000                     7.6450                          20360801
       1922        0.5000            0.0000           0.0050           0.0000                    11.0950                          20360901
       1923        0.5000            0.0000           0.0050           0.0000                     7.3950                          20360801
       1924        0.5000            0.0000           0.0050           0.0000                     7.8450                          20360801
       1925        0.5000            0.0000           0.0050           0.0000                     7.7950                          20360801
       1926        0.5000            0.0000           0.0050           0.0000                     7.3950                          20360801
       1927        0.5000            0.0000           0.0050           0.0000                     7.3950                          20360801
       1928        0.5000            0.0000           0.0050           0.0000                     8.6950                          20360801
       1929        0.5000            0.0000           0.0050           0.0000                     7.9450                          20360801
       1930        0.5000            0.0000           0.0050           0.0000                     7.4850                          20360901
       1931        0.5000            0.0000           0.0050           0.0000                     8.0950                          20360801
       1932        0.5000            0.0000           0.0050           0.0000                     7.0950                          20360901
       1933        0.5000            0.0000           0.0050           0.0000                     6.9950                          20360801
       1934        0.5000            0.0000           0.0050           0.0000                     8.1950                          20360801
       1935        0.5000            0.0000           0.0050           0.0000                     6.8450                          20360801
       1936        0.5000            0.0000           0.0050           0.0000                     8.7950                          20360901
       1937        0.5000            0.0000           0.0050           0.0000                     7.3850                          20360801
       1938        0.5000            0.0000           0.0050           0.0000                     9.3950                          20360801
       1939        0.5000            0.0000           0.0050           0.0000                     9.8450                          20360801
       1940        0.5000            0.0000           0.0050           0.0000                     9.7950                          20360801
       1941        0.5000            0.0000           0.0050           0.0000                     9.8080                          20360801
       1942        0.5000            0.0000           0.0050           0.0000                     6.1450                          20360801
       1943        0.5000            0.0000           0.0050           0.0000                     8.7450                          20360801
       1944        0.5000            0.0000           0.0050           0.0000                    10.3450                          20360901
       1945        0.5000            0.0000           0.0050           0.0000                     7.9850                          20360801
       1946        0.5000            0.0000           0.0050           0.0000                     7.9450                          20360801
       1947        0.5000            0.0000           0.0050           0.0000                     8.8700                          20360801
       1948        0.5000            0.0000           0.0050           0.0000                     8.4850                          20360801
       1949        0.5000            0.0000           0.0050           0.0000                     8.4450                          20360801
       1950        0.5000            0.0000           0.0050           0.0000                     8.1450                          20360801
       1951        0.5000            0.0000           0.0050           0.0000                     8.3950                          20360801
       1952        0.5000            0.0000           0.0050           0.0000                     9.1200                          20360801
       1953        0.5000            0.0000           0.0050           0.0000                     7.9850                          20360801
       1954        0.5000            0.0000           0.0050           0.0000                     7.3450                          20360801
       1955        0.5000            0.0000           0.0050           0.0000                     7.2450                          20360801
       1956        0.5000            0.0000           0.0050           0.0000                     6.9950                          20360801
       1957        0.5000            0.0000           0.0050           0.0000                     7.2450                          20360801
       1958        0.5000            0.0000           0.0050           0.0000                     7.9950                          20360801
       1959        0.5000            0.0000           0.0050           0.0000                     9.2450                          20360801
       1960        0.5000            0.0000           0.0050           0.0000                     8.0950                          20360801
       1961        0.5000            0.0000           0.0050           0.0000                     8.1950                          20360801
       1962        0.5000            0.0000           0.0050           0.0000                     7.3450                          20360801
       1963        0.5000            0.0000           0.0050           0.0000                     7.2700                          20360801
       1964        0.5000            0.0000           0.0050           0.0000                     6.9950                          20360801
       1965        0.5000            0.0000           0.0050           0.0000                     9.1950                          20360801
       1966        0.5000            0.0000           0.0050           0.0000                     8.4950                          20360801
       1967        0.5000            0.0000           0.0050           0.0000                     6.7450                          20360801
       1968        0.5000            0.0000           0.0050           0.0000                     7.6950                          20360801
       1969        0.5000            0.0000           0.0050           0.0000                     7.5450                          20360801
       1970        0.5000            0.0000           0.0050           0.0000                     5.8450                          20360801
       1971        0.5000            0.0000           0.0050           0.0000                     9.3700                          20360801
       1972        0.5000            0.0000           0.0050           0.0000                     8.4580                          20360801
       1973        0.5000            0.0000           0.0050           0.0000                     7.8450                          20360801
       1974        0.5000            0.0000           0.0050           0.0000                     8.4850                          20360801
       1975        0.5000            0.0000           0.0050           0.0000                     6.9450                          20360801
       1976        0.5000            0.0000           0.0050           0.0000                     7.5950                          20360801
       1977        0.5000            0.0000           0.0050           0.0000                     8.0550                          20360801
       1978        0.5000            0.0000           0.0050           0.0000                     8.5450                          20360801
       1979        0.5000            0.0000           0.0050           0.0000                     8.7950                          20360801
       1980        0.5000            0.0000           0.0050           0.0000                     8.5450                          20360801
       1981        0.5000            0.0000           0.0050           0.0000                     7.6950                          20360801
       1982        0.5000            0.0000           0.0050           0.0000                     8.1950                          20360801
       1983        0.5000            0.0000           0.0050           0.0000                     9.5950                          20360801
       1984        0.5000            0.0000           0.0050           0.0000                     7.8950                          20360801
       1985        0.5000            0.0000           0.0050           0.0000                     8.1950                          20360801
       1986        0.5000            0.0000           0.0050           0.0000                     7.4850                          20360801
       1987        0.5000            0.0000           0.0050           0.0000                     8.8450                          20360801
       1988        0.5000            0.0000           0.0050           0.0000                     8.9450                          20360801
       1989        0.5000            0.0000           0.0050           0.0000                     8.1950                          20360801
       1990        0.5000            0.0000           0.0050           0.0000                     7.4850                          20360801
       1991        0.5000            0.0000           0.0050           0.0000                     8.3950                          20360801
       1992        0.5000            0.0000           0.0050           0.0000                     8.1950                          20360801
       1993        0.5000            0.0000           0.0050           0.0000                     6.8450                          20360801
       1994        0.5000            0.0000           0.0050           0.0000                     8.2950                          20360801
       1995        0.5000            0.0000           0.0050           0.0000                     8.2950                          20360901
       1996        0.5000            0.0000           0.0050           0.0000                     9.1950                          20360801
       1997        0.5000            0.0000           0.0050           0.0000                     9.0450                          20360801
       1998        0.5000            0.0000           0.0050           0.0000                     8.0950                          20360801
       1999        0.5000            0.0000           0.0050           0.0000                     8.6950                          20360701
       2000        0.5000            0.0000           0.0050           0.0000                     9.0950                          20360801
       2001        0.5000            0.0000           0.0050           0.0000                     7.4850                          20360801
       2002        0.5000            0.0000           0.0050           0.0000                     8.2450                          20360801
       2003        0.5000            0.0000           0.0050           0.0000                     8.2950                          20360801
       2004        0.5000            0.0000           0.0050           0.0000                     6.7450                          20360801
       2005        0.5000            0.0000           0.0050           0.0000                    10.0950                          20360801
       2006        0.5000            0.0000           0.0050           0.0000                     8.1450                          20360801
       2007        0.5000            0.0000           0.0050           0.0000                     7.9950                          20360801
       2008        0.5000            0.0000           0.0050           0.0000                     7.5450                          20360801
       2009        0.5000            0.0000           0.0050           0.0000                     7.6950                          20360801
       2010        0.5000            0.0000           0.0050           0.0000                     8.8950                          20360801
       2011        0.5000            0.0000           0.0050           0.0000                     7.7450                          20360801
       2012        0.5000            0.0000           0.0050           0.0000                     8.7950                          20360801
       2013        0.5000            0.0000           0.0050           0.0000                     7.2450                          20360801
       2014        0.5000            0.0000           0.0050           0.0000                     7.9950                          20360801
       2015        0.5000            0.0000           0.0050           0.0000                     7.8950                          20360801
       2016        0.5000            0.0000           0.0050           0.0000                     7.1450                          20360701
       2017        0.5000            0.0000           0.0050           0.0000                     8.4850                          20360801
       2018        0.5000            0.0000           0.0050           0.0000                     8.3950                          20360801
       2019        0.5000            0.0000           0.0050           0.0000                     7.0950                          20360801
       2020        0.5000            0.0000           0.0050           0.0000                     7.9450                          20360801
       2021        0.5000            0.0000           0.0050           0.0000                     7.2950                          20360801
       2022        0.5000            0.0000           0.0050           0.0000                     9.5200                          20360801
       2023        0.5000            0.0000           0.0050           0.0000                     8.0450                          20360801
       2024        0.5000            0.0000           0.0050           0.0000                     8.3450                          20360801
       2025        0.5000            0.0000           0.0050           0.0000                     7.7450                          20360801
       2026        0.5000            0.0000           0.0050           0.0000                     8.4700                          20360801
       2027        0.5000            0.0000           0.0050           0.0000                     7.7950                          20360801
       2028        0.5000            0.0000           0.0050           0.0000                     7.4450                          20360801
       2029        0.5000            0.0000           0.0050           0.0000                     8.4450                          20360801
       2030        0.5000            0.0000           0.0050           0.0000                     7.2950                          20360801
       2031        0.5000            0.0000           0.0050           0.0000                     8.8450                          20360801
       2032        0.5000            0.0000           0.0050           0.0000                    10.0450                          20360801
       2033        0.5000            0.0000           0.0050           0.0000                     8.2450                          20360801
       2034        0.5000            0.0000           0.0050           0.0000                     7.3450                          20360801
       2035        0.5000            0.0000           0.0050           0.0000                     6.9950                          20360801
       2036        0.5000            0.0000           0.0050           0.0000                     7.6950                          20360801
       2037        0.5000            0.0000           0.0050           0.0000                     7.4850                          20360801
       2038        0.5000            0.0000           0.0050           0.0000                     8.1450                          20360701
       2039        0.5000            0.0000           0.0050           0.0000                     9.4850                          20360801
       2040        0.5000            0.0000           0.0050           0.0000                     7.1450                          20360801
       2041        0.5000            0.0000           0.0050           0.0000                     9.9950                          20360801
       2042        0.5000            0.0000           0.0050           0.0000                     8.6950                          20360801
       2043        0.5000            0.0000           0.0050           0.0000                     7.8450                          20360801
       2044        0.5000            0.0000           0.0050           0.0000                     7.9950                          20360801
       2045        0.5000            0.0000           0.0050           0.0000                     7.2450                          20360801
       2046        0.5000            0.0000           0.0050           0.0000                     8.3550                          20360801
       2047        0.5000            0.0000           0.0050           0.0000                     8.0450                          20360801
       2048        0.5000            0.0000           0.0050           0.0000                     8.0950                          20360801
       2049        0.5000            0.0000           0.0050           0.0000                     6.7450                          20360801
       2050        0.5000            0.0000           0.0050           0.0000                     7.8450                          20360801
       2051        0.5000            0.0000           0.0050           0.0000                     7.6200                          20360801
       2052        0.5000            0.0000           0.0050           0.0000                     8.6200                          20360801
       2053        0.5000            0.0000           0.0050           0.0000                     6.8950                          20360801
       2054        0.5000            0.0000           0.0050           0.0000                     8.1450                          20360801
       2055        0.5000            0.0000           0.0050           0.0000                     7.0450                          20360801
       2056        0.5000            0.0000           0.0050           0.0000                     7.4950                          20360801
       2057        0.5000            0.0000           0.0050           0.0000                     7.7450                          20360801
       2058        0.5000            0.0000           0.0050           0.0000                     7.7450                          20360801
       2059        0.5000            0.0000           0.0050           0.0000                     8.4450                          20360801
       2060        0.5000            0.0000           0.0050           0.0000                     8.0450                          20360801
       2061        0.5000            0.0000           0.0050           0.0000                     6.9950                          20360801
       2062        0.5000            0.0000           0.0050           0.0000                     7.4850                          20360701
       2063        0.5000            0.0000           0.0050           0.0000                     7.5950                          20360701
       2064        0.5000            0.0000           0.0050           0.0000                     7.4450                          20360801
       2065        0.5000            0.0000           0.0050           0.0000                     8.3450                          20360801
       2066        0.5000            0.0000           0.0050           0.0000                     7.6450                          20360801
       2067        0.5000            0.0000           0.0050           0.0000                    10.2450                          20360801
       2068        0.5000            0.0000           0.0050           0.0000                     6.9830                          20360901
       2069        0.5000            0.0000           0.0050           0.0000                     8.6460                          20360801
       2070        0.5000            0.0000           0.0050           0.0000                     9.5950                          20360801
       2071        0.5000            0.0000           0.0050           0.0000                     8.7950                          20360701
       2072        0.5000            0.0000           0.0050           0.0000                     8.1450                          20360801
       2073        0.5000            0.0000           0.0050           0.0000                     9.7450                          20360801
       2074        0.5000            0.0000           0.0050           0.0000                     8.7950                          20360801
       2075        0.5000            0.0000           0.0050           0.0000                     7.2450                          20360801
       2076        0.5000            0.0000           0.0050           0.0000                     7.4850                          20360701
       2077        0.5000            0.0000           0.0050           0.0000                     8.0450                          20360801
       2078        0.5000            0.0000           0.0050           0.0000                     8.0950                          20360801
       2079        0.5000            0.0000           0.0050           0.0000                     8.0450                          20360801
       2080        0.5000            0.0000           0.0050           0.0000                     7.0950                          20360801
       2081        0.5000            0.0000           0.0050           0.0000                     7.8450                          20360801
       2082        0.5000            0.0000           0.0050           0.0000                     7.6950                          20360701
       2083        0.5000            0.0000           0.0050           0.0000                     6.9320                          20360801
       2084        0.5000            0.0000           0.0050           0.0000                     7.3450                          20360801
       2085        0.5000            0.0000           0.0050           0.0000                     9.2450                          20360801
       2086        0.5000            0.0000           0.0050           0.0000                     7.8450                          20360801
       2087        0.5000            0.0000           0.0050           0.0000                     8.2450                          20360801
       2088        0.5000            0.0000           0.0050           0.0000                     7.9950                          20360801
       2089        0.5000            0.0000           0.0050           0.0000                     8.9450                          20360801
       2090        0.5000            0.0000           0.0050           0.0000                     9.0450                          20360801
       2091        0.5000            0.0000           0.0050           0.0000                     8.9450                          20360801
       2092        0.5000            0.0000           0.0050           0.0000                     8.2450                          20360901
       2093        0.5000            0.0000           0.0050           0.0000                     7.2450                          20360801
       2094        0.5000            0.0000           0.0050           0.0000                     8.1950                          20360801
       2095        0.5000            0.0000           0.0050           0.0000                     8.8850                          20360801
       2096        0.5000            0.0000           0.0050           0.0000                     7.4850                          20360801
       2097        0.5000            0.0000           0.0050           0.0000                     7.2950                          20360801
       2098        0.5000            0.0000           0.0050           0.0000                     7.7450                          20360801
       2099        0.5000            0.0000           0.0050           0.0000                     8.4450                          20360801
       2100        0.5000            0.0000           0.0050           0.0000                     8.2450                          20360801
       2101        0.5000            0.0000           0.0050           0.0000                     7.3950                          20360801
       2102        0.5000            0.0000           0.0050           0.0000                     9.0950                          20360801
       2103        0.5000            0.0000           0.0050           0.0000                     9.3450                          20360801
       2104        0.5000            0.0000           0.0050           0.0000                     6.6460                          20360801
       2105        0.5000            0.0000           0.0050           0.0000                     7.4450                          20360801
       2106        0.5000            0.0000           0.0050           0.0000                     7.5950                          20360801
       2107        0.5000            0.0000           0.0050           0.0000                     8.6450                          20360801
       2108        0.5000            0.0000           0.0050           0.0000                     7.4850                          20360801
       2109        0.5000            0.0000           0.0050           0.0000                     8.0950                          20360801
       2110        0.5000            0.0000           0.0050           0.0000                     8.5950                          20360801
       2111        0.5000            0.0000           0.0050           0.0000                     8.9950                          20360801
       2112        0.5000            0.0000           0.0050           0.0000                     9.1200                          20360801
       2113        0.5000            0.0000           0.0050           0.0000                     7.2950                          20360801
       2114        0.5000            0.0000           0.0050           0.0000                     9.3450                          20360801
       2115        0.5000            0.0000           0.0050           0.0000                     8.4450                          20360801
       2116        0.5000            0.0000           0.0050           0.0000                     7.4450                          20360801
       2117        0.5000            0.0000           0.0050           0.0000                     6.9950                          20360801
       2118        0.5000            0.0000           0.0050           0.0000                     6.8950                          20360801
       2119        0.5000            0.0000           0.0050           0.0000                     8.7450                          20360801
       2120        0.5000            0.0000           0.0050           0.0000                     6.7450                          20360801
       2121        0.5000            0.0000           0.0050           0.0000                     6.3450                          20360801
       2122        0.5000            0.0000           0.0050           0.0000                     7.3350                          20360801
       2123        0.5000            0.0000           0.0050           0.0000                     6.8450                          20360701
       2124        0.5000            0.0000           0.0050           0.0000                     8.7950                          20360801
       2125        0.5000            0.0000           0.0050           0.0000                     6.5950                          20360801
       2126        0.5000            0.0000           0.0050           0.0000                     7.4950                          20360801
       2127        0.5000            0.0000           0.0050           0.0000                     7.0450                          20360801
       2128        0.5000            0.0000           0.0050           0.0000                     8.9950                          20360801
       2129        0.5000            0.0000           0.0050           0.0000                     7.9950                          20360701
       2130        0.5000            0.0000           0.0050           0.0000                     9.3950                          20360801
       2131        0.5000            0.0000           0.0050           0.0000                     8.3000                          20360801
       2132        0.5000            0.0000           0.0050           0.0000                     8.6950                          20360701
       2133        0.5000            0.0000           0.0050           0.0000                     6.1200                          20360701
       2134        0.5000            0.0000           0.0050           0.0000                     7.4850                          20360801
       2135        0.5000            0.0000           0.0050           0.0000                     6.9950                          20360801
       2136        0.5000            0.0000           0.0050           0.0000                    10.3950                          20360801
       2137        0.5000            0.0000           0.0050           0.0000                     8.7950                          20360601
       2138        0.5000            0.0000           0.0050           0.0000                     8.2950                          20360701
       2139        0.5000            0.0000           0.0050           0.0000                     8.0450                          20360701
       2140        0.5000            0.0000           0.0050           0.0000                     9.3450                          20360601
       2141        0.5000            0.0000           0.0050           0.0000                     8.9950                          20360601
       2142        0.5000            0.0000           0.0050           0.0000                     7.9950                          20360801
       2143        0.5000            0.0000           0.0050           0.0000                     8.7450                          20360601
       2144        0.5000            0.0000           0.0050           0.0000                     8.4850                          20360901
       2145        0.5000            0.0000           0.0050           0.0000                     8.6450                          20360601
       2146        0.5000            0.0000           0.0050           0.0000                     6.8950                          20360801
       2147        0.5000            0.0000           0.0050           0.0000                     7.8450                          20360601
       2148        0.5000            0.0000           0.0050           0.0000                     7.4450                          20360701
       2149        0.5000            0.0000           0.0050           0.0000                     7.3950                          20360601
       2150        0.5000            0.0000           0.0050           0.0000                     7.4850                          20360601
       2151        0.5000            0.0000           0.0050           0.0000                     9.3450                          20360601
       2152        0.5000            0.0000           0.0050           0.0000                     9.1950                          20360601
       2153        0.5000            0.0000           0.0050           0.0000                     8.6450                          20360601
       2154        0.5000            0.0000           0.0050           0.0000                     8.3450                          20360601
       2155        0.5000            0.0000           0.0050           0.0000                     9.4450                          20360601
       2156        0.5000            0.0000           0.0050           0.0000                     7.3450                          20360601
       2157        0.5000            0.0000           0.0050           0.0000                     8.0450                          20360801
       2158        0.5000            0.0000           0.0050           0.0000                     8.0450                          20360601
       2159        0.5000            0.0000           0.0050           0.0000                     8.0950                          20360601
       2160        0.5000            0.0000           0.0050           0.0000                     9.0450                          20360601
       2161        0.5000            0.0000           0.0050           0.0000                     8.3450                          20360801
       2162        0.5000            0.0000           0.0050           0.0000                     9.4450                          20360701
       2163        0.5000            0.0000           0.0050           0.0000                     7.7200                          20360801
       2164        0.5000            0.0000           0.0050           0.0000                     8.1950                          20360601
       2165        0.5000            0.0000           0.0050           0.0000                     6.8450                          20360601
       2166        0.5000            0.0000           0.0050           0.0000                     6.7950                          20360601
       2167        0.5000            0.0000           0.0050           0.0000                     8.4450                          20360601
       2168        0.5000            0.0000           0.0050           0.0000                     8.4450                          20360601
       2169        0.5000            0.0000           0.0050           0.0000                     7.0450                          20360601
       2170        0.5000            0.0000           0.0050           0.0000                     8.6450                          20360801
       2171        0.5000            0.0000           0.0050           0.0000                     9.7450                          20360601
       2172        0.5000            0.0000           0.0050           0.0000                     8.2450                          20360601
       2173        0.5000            0.0000           0.0050           0.0000                     7.8950                          20360401
       2174        0.5000            0.0000           0.0050           0.0000                     6.5950                          20360501
       2175        0.5000            0.0000           0.0050           0.0000                     7.3450                          20360301
       2176        0.5000            0.0000           0.0050           0.0000                     7.4950                          20360301
       2177        0.5000            0.0000           0.0050           0.0000                     7.9950                          20360401

                      STATED_ORIGINAL_TERM                   STATED_REM_TERM              ORIGINAL_BALANCE               FIRST_PAY_DATE         PAYMENT
-------------------------------------------------------------------------------------------------------------------------------------------------------
          1                   360                                  358                        110,200.00                    20061001           1,022.49
          2                   360                                  358                        133,200.00                    20061001             956.57
          3                   360                                  358                        260,000.00                    20061001           1,568.73
          4                   360                                  358                        295,992.00                    20061001           1,677.29
          5                   360                                  358                        359,100.00                    20061001           2,632.55
          6                   360                                  358                        236,250.00                    20061001           1,840.55
          7                   360                                  358                        153,280.00                    20061001             978.94
          8                   360                                  358                         77,500.00                    20061001             800.16
          9                   360                                  358                        320,000.00                    20061001           2,189.06
         10                   360                                  358                        157,600.00                    20061001           1,245.48
         11                   360                                  358                        150,000.00                    20061001           1,223.16
         12                   360                                  358                        399,500.00                    20061001           2,660.01
         13                   360                                  358                        189,525.00                    20061001           1,545.47
         14                   360                                  358                        232,000.00                    20061001           1,606.33
         15                   360                                  358                         78,750.00                    20061001             749.96
         16                   360                                  358                        207,900.00                    20061001           1,672.82
         17                   360                                  358                        117,000.00                    20061001             858.51
         18                   360                                  358                        391,000.00                    20061001           2,443.75
         19                   360                                  358                        178,343.00                    20061001           1,910.31
         20                   360                                  358                         93,575.00                    20061001             754.38
         21                   360                                  358                         58,500.00                    20061001             485.52
         22                   360                                  358                        267,160.00                    20061001           1,807.66
         23                   360                                  358                         90,000.00                    20061001             915.38
         24                   360                                  358                        250,000.00                    20061001           1,975.69
         25                   360                                  358                        100,800.00                    20061001             869.74
         26                   360                                  358                        106,000.00                    20061001           1,123.08
         27                   360                                  358                         54,000.00                    20061001             469.91
         28                   360                                  358                        204,700.00                    20061001           1,857.19
         29                   360                                  358                        109,600.00                    20061001             748.02
         30                   360                                  358                        172,800.00                    20061001           1,182.10
         31                   360                                  358                         81,700.00                    20061001             684.00
         32                   360                                  358                        377,000.00                    20061001           2,584.61
         33                   360                                  358                        248,000.00                    20061001           2,013.34
         34                   360                                  358                        339,000.00                    20061001           2,972.47
         35                   360                                  358                        145,350.00                    20061001           1,238.13
         36                   360                                  358                        385,000.00                    20061001           2,583.51
         37                   360                                  358                        345,000.00                    20061001           2,141.88
         38                   360                                  358                        399,000.00                    20061001           2,913.83
         39                   360                                  358                        415,000.00                    20061001           2,265.21
         40                   360                                  358                        139,410.00                    20061001           1,013.24
         41                   360                                  358                        355,500.00                    20061001           3,225.35
         42                   360                                  358                        115,000.00                    20061001           1,088.66
         43                   360                                  358                         56,700.00                    20061001             497.59
         44                   360                                  358                        344,000.00                    20061001           2,003.80
         45                   360                                  358                        212,000.00                    20061001           1,562.98
         46                   360                                  358                        280,800.00                    20061001           2,412.51
         47                   360                                  357                        412,300.00                    20060901           3,006.36
         48                   360                                  358                         92,700.00                    20061001             765.99
         49                   360                                  358                         71,910.00                    20061001             636.39
         50                   360                                  358                        321,600.00                    20061001           2,357.55
         51                   360                                  358                         86,400.00                    20061001             704.54
         52                   360                                  358                        117,000.00                    20061001           1,000.92
         53                   360                                  357                         82,000.00                    20060901             852.95
         54                   360                                  358                        195,000.00                    20061001           1,471.83
         55                   360                                  358                        267,322.00                    20061001           2,565.99
         56                   360                                  358                        280,000.00                    20061001           2,215.18
         57                   360                                  356                        133,000.00                    20060801             989.86
         58                   360                                  356                         53,010.00                    20060801             478.97
         59                   360                                  356                        250,000.00                    20060801           1,482.85
         60                   360                                  356                        137,750.00                    20060801           1,270.37
         61                   360                                  356                        186,875.00                    20060801           1,348.69
         62                   360                                  357                         55,710.00                    20060901             458.32
         63                   360                                  356                        146,790.00                    20060801           1,039.76
         64                   240                                  236                         76,950.00                    20060801             677.57
         65                   360                                  356                        530,000.00                    20060801           3,419.98
         66                   360                                  354                        165,000.00                    20060601           1,309.86
         67                   360                                  354                        324,250.00                    20060601           2,211.96
         68                   360                                  358                        152,855.00                    20061001           1,403.95
         69                   360                                  358                        296,000.00                    20061001           2,213.36
         70                   360                                  358                        242,000.00                    20061001           1,860.78
         71                   360                                  358                        193,500.00                    20061001           1,460.51
         72                   360                                  358                        247,200.00                    20061001           1,669.61
         73                   360                                  358                        157,700.00                    20061001           1,413.16
         74                   360                                  358                        115,000.00                    20061001             863.96
         75                   360                                  358                        159,600.00                    20061001           1,471.87
         76                   360                                  358                        196,000.00                    20061001           1,118.84
         77                   360                                  358                        388,000.00                    20061001           2,392.62
         78                   360                                  358                        122,024.00                    20061001             938.26
         79                   360                                  358                        150,500.00                    20061001           1,120.10
         80                   360                                  358                        143,010.00                    20061001             951.70
         81                   360                                  358                         95,000.00                    20061001             755.87
         82                   360                                  358                        312,000.00                    20061001           2,311.14
         83                   360                                  358                        305,424.00                    20061001           2,087.07
         84                   360                                  358                        183,920.00                    20061001           1,230.77
         85                   360                                  358                        261,250.00                    20061001           1,865.69
         86                   360                                  358                        243,750.00                    20061001           2,005.28
         87                   360                                  358                        184,600.00                    20061001           1,416.84
         88                   360                                  358                         79,000.00                    20061001             644.20
         89                   360                                  358                         61,200.00                    20061001             578.21
         90                   360                                  358                         84,000.00                    20061001             780.97
         91                   360                                  358                         84,800.00                    20061001             572.75
         92                   360                                  358                        144,000.00                    20061001           1,127.72
         93                   360                                  358                         95,400.00                    20061001             840.74
         94                   360                                  358                        289,750.00                    20061001           2,248.50
         95                   180                                  178                        113,000.00                    20061001           1,179.98
         96                   360                                  358                        403,750.00                    20061001           2,656.97
         97                   360                                  358                        321,300.00                    20061001           2,596.83
         98                   360                                  358                        129,050.00                    20061001           1,033.73
         99                   360                                  358                        238,000.00                    20061001           1,779.66
        100                   360                                  358                        378,000.00                    20061001           2,699.45
        101                   360                                  358                         87,300.00                    20061001             677.46
        102                   360                                  358                         81,600.00                    20061001             817.43
        103                   360                                  358                        326,400.00                    20061001           2,304.63
        104                   360                                  358                        248,000.00                    20061001           1,678.02
        105                   360                                  358                        330,000.00                    20061001           2,171.64
        106                   360                                  358                         92,700.00                    20061001             953.53
        107                   360                                  358                        108,000.00                    20061001             888.49
        108                   360                                  358                        103,320.00                    20061001             820.21
        109                   360                                  358                        524,000.00                    20061001           3,390.35
        110                   360                                  358                        230,400.00                    20061001           1,517.42
        111                   360                                  358                        252,000.00                    20061001           1,719.18
        112                   360                                  358                        238,960.00                    20061001           1,733.65
        113                   360                                  358                        209,000.00                    20061001           1,888.41
        114                   360                                  358                        308,750.00                    20061001           2,286.95
        115                   360                                  358                        233,750.00                    20061001           1,764.31
        116                   360                                  358                        229,500.00                    20061001           2,343.02
        117                   360                                  358                        272,000.00                    20061001           1,995.84
        118                   360                                  358                        108,000.00                    20061001             892.41
        119                   360                                  358                         94,250.00                    20061001             614.44
        120                   360                                  358                         44,904.00                    20061001             405.73
        121                   360                                  358                        136,500.00                    20061001           1,383.08
        122                   360                                  358                        152,000.00                    20061001           1,114.31
        123                   360                                  358                        215,200.00                    20061001           1,549.17
        124                   360                                  358                        909,000.00                    20061001           5,188.88
        125                   360                                  358                         75,800.00                    20061001             765.14
        126                   360                                  358                        303,200.00                    20061001           1,984.08
        127                   360                                  358                         87,700.00                    20061001             702.51
        128                   360                                  358                        608,000.00                    20061001           3,521.34
        129                   360                                  358                        121,500.00                    20061001           1,217.13
        130                   360                                  358                        404,000.00                    20061001           2,869.87
        131                   360                                  358                        200,000.00                    20061001           1,347.44
        132                   360                                  358                        220,000.00                    20061001           1,612.81
        133                   360                                  358                        103,700.00                    20061001             887.14
        134                   360                                  358                        141,100.00                    20061001           1,125.19
        135                   360                                  358                        214,500.00                    20061001           1,331.42
        136                   360                                  358                        162,000.00                    20061001           1,099.15
        137                   360                                  358                         68,400.00                    20061001             722.06
        138                   360                                  358                        273,600.00                    20061001           2,026.69
        139                   360                                  358                        180,000.00                    20061001           1,513.54
        140                   360                                  358                        306,000.00                    20061001           1,670.25
        141                   360                                  358                         50,460.00                    20061001             497.78
        142                   360                                  358                        201,840.00                    20061001           1,303.55
        143                   360                                  358                        370,500.00                    20061001           2,763.94
        144                   360                                  358                        850,000.00                    20061001           7,648.48
        145                   360                                  358                        157,250.00                    20061001           1,368.38
        146                   360                                  358                        208,000.00                    20061001           1,265.33
        147                   360                                  358                        315,000.00                    20061001           1,946.08
        148                   360                                  358                        144,900.00                    20061001             953.93
        149                   360                                  358                        140,000.00                    20061001           1,024.84
        150                   360                                  358                        252,500.00                    20061001           1,661.63
        151                   360                                  358                        104,000.00                    20061001             911.91
        152                   300                                  298                        226,000.00                    20061001           1,508.37
        153                   180                                  178                        223,230.00                    20061001           1,882.54
        154                   360                                  358                        203,200.00                    20061001           1,312.34
        155                   360                                  358                        242,000.00                    20061001           1,659.09
        156                   360                                  358                        197,100.00                    20061001           1,664.52
        157                   360                                  358                        176,000.00                    20061001           1,210.00
        158                   360                                  358                         40,860.00                    20061001             415.58
        159                   360                                  358                         92,925.00                    20061001             895.50
        160                   360                                  358                        204,000.00                    20061001           1,623.12
        161                   360                                  358                         52,000.00                    20061001             466.18
        162                   360                                  358                        124,000.00                    20061001             944.68
        163                   360                                  358                        139,200.00                    20061001             904.80
        164                   360                                  358                        663,200.00                    20061001           5,013.80
        165                   360                                  358                        264,000.00                    20061001           2,118.05
        166                   360                                  358                        110,500.00                    20061001             810.04
        167                   360                                  358                        370,800.00                    20061001           2,184.10
        168                   360                                  358                        176,800.00                    20061001           1,254.43
        169                   360                                  358                        190,000.00                    20061001           1,508.33
        170                   360                                  358                        106,250.00                    20061001             783.34
        171                   360                                  358                         74,800.00                    20061001             556.70
        172                   360                                  358                        104,253.00                    20061001             884.24
        173                   360                                  358                        206,100.00                    20061001           1,603.03
        174                   360                                  358                        188,000.00                    20061001           1,363.94
        175                   360                                  358                        280,000.00                    20061001           2,159.82
        176                   360                                  358                        488,000.00                    20061001           3,355.00
        177                   360                                  358                        137,500.00                    20061001           1,151.17
        178                   360                                  358                         76,500.00                    20061001             725.64
        179                   360                                  358                        178,200.00                    20061001           1,309.77
        180                   360                                  358                        408,000.00                    20061001           3,225.90
        181                   360                                  358                        388,500.00                    20061001           2,663.45
        182                   360                                  358                        510,000.00                    20061001           3,933.95
        183                   360                                  358                        292,000.00                    20061001           1,910.79
        184                   360                                  358                        255,000.00                    20061001           2,593.56
        185                   360                                  358                        123,750.00                    20061001           1,155.19
        186                   360                                  358                        205,000.00                    20061001           2,014.48
        187                   360                                  358                        259,250.00                    20061001           1,821.60
        188                   360                                  358                        292,400.00                    20061001           2,480.02
        189                   360                                  358                        280,000.00                    20061001           2,074.10
        190                   360                                  358                         61,200.00                    20061001             470.58
        191                   360                                  358                         94,500.00                    20061001             869.74
        192                   360                                  358                        240,800.00                    20061001           1,545.14
        193                   360                                  358                        135,000.00                    20061001           1,154.91
        194                   360                                  358                        125,000.00                    20061001           1,055.64
        195                   360                                  358                         57,000.00                    20061001             592.90
        196                   360                                  358                        148,500.00                    20061001           1,248.67
        197                   360                                  358                        669,600.00                    20061001           4,655.81
        198                   360                                  358                        228,000.00                    20061001           1,984.04
        199                   360                                  358                        264,900.00                    20061001           2,256.48
        200                   360                                  358                        132,000.00                    20061001             849.21
        201                   360                                  358                        250,000.00                    20061001           1,604.17
        202                   360                                  358                        264,000.00                    20061001           2,076.89
        203                   360                                  358                        764,000.00                    20061001           5,394.42
        204                   360                                  358                        200,000.00                    20061001           1,544.92
        205                   360                                  358                         63,750.00                    20061001             538.38
        206                   360                                  358                        103,700.00                    20061001             833.65
        207                   360                                  358                         62,500.00                    20061001             677.97
        208                   360                                  358                        356,250.00                    20061001           2,450.36
        209                   360                                  358                        190,500.00                    20061001           1,289.23
        210                   360                                  358                        240,000.00                    20061001           1,796.04
        211                   360                                  358                        111,750.00                    20061001             935.59
        212                   360                                  358                        217,800.00                    20061001           1,498.07
        213                   360                                  358                        290,000.00                    20061001           2,438.48
        214                   360                                  358                         87,400.00                    20061001             702.62
        215                   360                                  358                        397,500.00                    20061001           2,567.19
        216                   360                                  358                         74,000.00                    20061001             741.30
        217                   360                                  358                        296,000.00                    20061001           1,899.34
        218                   360                                  358                        143,920.00                    20061001           1,096.44
        219                   360                                  358                         78,400.00                    20061001             752.56
        220                   360                                  358                        205,200.00                    20061001           1,505.69
        221                   360                                  358                        112,000.00                    20061001             885.11
        222                   360                                  358                        235,920.00                    20061001           1,911.10
        223                   360                                  358                        220,800.00                    20061001           1,426.00
        224                   360                                  358                        267,805.00                    20061001           2,330.42
        225                   360                                  358                        174,900.00                    20061001           1,351.04
        226                   360                                  358                         35,000.00                    20061001             364.07
        227                   360                                  358                        215,000.00                    20061001           1,352.71
        228                   360                                  358                         62,400.00                    20061001             524.70
        229                   360                                  358                        293,250.00                    20061001           1,955.93
        230                   360                                  358                        240,000.00                    20061001           1,605.00
        231                   360                                  358                        215,200.00                    20061001           1,639.48
        232                   360                                  358                        199,200.00                    20061001           1,274.23
        233                   360                                  358                        177,650.00                    20061001           1,578.55
        234                   360                                  358                        434,000.00                    20061001           3,337.09
        235                   360                                  358                        155,200.00                    20061001           1,182.38
        236                   360                                  358                         51,000.00                    20061001             414.04
        237                   360                                  358                         81,900.00                    20061001             700.65
        238                   360                                  358                         51,300.00                    20061001             394.46
        239                   360                                  358                        664,000.00                    20061001           4,306.70
        240                   360                                  358                        250,000.00                    20061001           2,343.11
        241                   360                                  358                        128,000.00                    20061001             984.21
        242                   360                                  358                        196,000.00                    20061001           1,348.13
        243                   360                                  358                        350,000.00                    20061001           2,565.74
        244                   360                                  358                        476,000.00                    20061001           3,203.00
        245                   360                                  358                        190,000.00                    20061001           1,387.54
        246                   360                                  358                        156,000.00                    20061001           1,188.47
        247                   360                                  358                        380,000.00                    20061001           2,685.06
        248                   360                                  358                         74,000.00                    20061001             638.50
        249                   360                                  358                        300,305.00                    20061001           2,848.54
        250                   360                                  358                        316,000.00                    20061001           2,138.12
        251                   360                                  358                        414,000.00                    20061001           3,183.31
        252                   360                                  358                         50,400.00                    20061001             474.27
        253                   360                                  358                        114,800.00                    20061001           1,003.22
        254                   360                                  358                        270,000.00                    20061001           1,625.63
        255                   360                                  358                        192,000.00                    20061001           1,503.62
        256                   360                                  358                         77,000.00                    20061001             614.03
        257                   360                                  358                        119,000.00                    20061001           1,057.53
        258                   360                                  358                        660,000.00                    20061001           3,898.71
        259                   360                                  358                        381,600.00                    20061001           2,305.50
        260                   360                                  358                        248,000.00                    20061001           1,941.67
        261                   360                                  358                        245,000.00                    20061001           1,931.80
        262                   360                                  358                        494,000.00                    20061001           4,136.68
        263                   360                                  358                        184,000.00                    20061001           1,434.41
        264                   360                                  358                         83,340.00                    20061001             774.84
        265                   360                                  358                        137,750.00                    20061001           1,098.48
        266                   360                                  358                         81,000.00                    20061001             580.30
        267                   360                                  358                        245,000.00                    20061001           2,333.20
        268                   360                                  358                        108,000.00                    20061001           1,024.44
        269                   360                                  358                        324,000.00                    20061001           2,254.38
        270                   360                                  358                        148,000.00                    20061001           1,065.41
        271                   360                                  358                        280,500.00                    20061001           2,236.82
        272                   360                                  358                        255,000.00                    20061001           1,869.33
        273                   360                                  358                        166,400.00                    20061001           1,362.91
        274                   360                                  358                        238,500.00                    20061001           1,758.35
        275                   360                                  358                        308,750.00                    20061001           2,238.44
        276                   360                                  358                        270,000.00                    20061001           1,906.41
        277                   360                                  358                         71,100.00                    20061001             610.86
        278                   360                                  358                        262,500.00                    20061001           1,817.50
        279                   360                                  358                        154,000.00                    20061001           1,236.35
        280                   360                                  358                        199,750.00                    20061001           1,321.89
        281                   360                                  358                         95,000.00                    20061001             720.40
        282                   360                                  358                        153,000.00                    20061001           1,297.69
        283                   360                                  358                         32,000.00                    20061001             292.72
        284                   360                                  358                         50,800.00                    20061001             403.28
        285                   360                                  358                        202,500.00                    20061001           1,492.94
        286                   360                                  358                        157,410.00                    20061001           1,260.90
        287                   360                                  358                         92,250.00                    20061001             806.16
        288                   360                                  358                        260,000.00                    20061001           1,514.50
        289                   360                                  358                        383,200.00                    20061001           2,395.00
        290                   360                                  358                         75,920.00                    20061001             717.28
        291                   360                                  358                        156,800.00                    20061001           1,167.42
        292                   360                                  358                        611,600.00                    20061001           4,717.65
        293                   360                                  358                        302,000.00                    20061001           2,065.93
        294                   360                                  358                        119,600.00                    20061001             966.64
        295                   360                                  358                         76,000.00                    20061001             570.97
        296                   360                                  358                        184,000.00                    20061001           1,134.67
        297                   360                                  358                        502,500.00                    20061001           4,409.80
        298                   360                                  358                        170,000.00                    20061001           1,429.46
        299                   360                                  358                        191,053.00                    20061001           1,210.01
        300                   360                                  358                        171,000.00                    20061001           1,350.15
        301                   360                                  358                        162,400.00                    20061001           1,202.92
        302                   360                                  358                        393,000.00                    20061001           3,521.68
        303                   360                                  358                         99,714.00                    20061001             766.72
        304                   360                                  358                        191,250.00                    20061001           1,265.98
        305                   360                                  358                        193,500.00                    20061001           1,352.99
        306                   360                                  358                        200,128.00                    20061001           1,531.73
        307                   360                                  358                        301,500.00                    20061001           2,244.75
        308                   360                                  358                         52,500.00                    20061001             513.91
        309                   360                                  358                         90,000.00                    20061001             819.91
        310                   360                                  358                        160,000.00                    20061001           1,119.97
        311                   360                                  358                        312,000.00                    20061001           2,128.39
        312                   360                                  358                        139,650.00                    20061001           1,123.66
        313                   360                                  358                         84,550.00                    20061001             751.29
        314                   360                                  358                        131,400.00                    20061001             970.79
        315                   360                                  358                        179,550.00                    20061001           1,336.30
        316                   360                                  358                        470,400.00                    20061001           3,321.38
        317                   360                                  358                        371,200.00                    20061001           2,149.87
        318                   360                                  358                         65,500.00                    20061001             696.52
        319                   360                                  358                        262,000.00                    20061001           1,867.96
        320                   360                                  358                        228,475.00                    20061001           1,574.13
        321                   360                                  358                        268,000.00                    20061001           1,563.34
        322                   360                                  358                        105,000.00                    20061001             769.73
        323                   360                                  358                        135,930.00                    20061001             970.73
        324                   360                                  358                        920,000.00                    20061001           6,338.55
        325                   360                                  358                         52,500.00                    20061001             419.60
        326                   360                                  358                        328,000.00                    20061001           2,214.00
        327                   360                                  358                        112,500.00                    20061001             861.05
        328                   360                                  358                        318,250.00                    20061001           2,452.41
        329                   360                                  358                        150,400.00                    20061001           1,090.51
        330                   360                                  358                        105,300.00                    20061001             851.06
        331                   360                                  358                        291,600.00                    20061001           2,548.24
        332                   360                                  358                        271,200.00                    20061001           1,968.65
        333                   360                                  358                        205,600.00                    20061001           1,375.84
        334                   360                                  358                        133,200.00                    20061001           1,151.74
        335                   360                                  358                        195,840.00                    20061001           1,222.37
        336                   360                                  358                        202,500.00                    20061001           1,627.91
        337                   360                                  358                        452,000.00                    20061001           2,975.67
        338                   360                                  358                        150,000.00                    20061001             972.90
        339                   360                                  358                        122,040.00                    20061001             955.74
        340                   360                                  358                        102,000.00                    20061001             755.57
        341                   360                                  358                        160,000.00                    20061001           1,160.80
        342                   360                                  358                        440,000.00                    20061001           3,959.21
        343                   360                                  358                        129,192.00                    20061001           1,011.75
        344                   360                                  358                        135,000.00                    20061001           1,009.47
        345                   360                                  358                        288,000.00                    20061001           2,113.25
        346                   360                                  358                         82,000.00                    20061001             613.16
        347                   360                                  358                        116,000.00                    20061001           1,104.70
        348                   360                                  358                        132,000.00                    20061001             856.49
        349                   360                                  358                        191,200.00                    20061001           1,244.13
        350                   360                                  358                        170,400.00                    20061001           1,136.00
        351                   360                                  358                        187,000.00                    20061001           1,153.17
        352                   360                                  358                         25,800.00                    20061001             224.51
        353                   360                                  358                        103,200.00                    20061001             849.01
        354                   360                                  358                        412,000.00                    20061001           2,441.50
        355                   360                                  358                        169,470.00                    20061001           1,156.09
        356                   360                                  358                        240,000.00                    20061001           1,879.03
        357                   360                                  358                        239,200.00                    20061001           1,475.07
        358                   360                                  358                        307,500.00                    20061001           2,540.88
        359                   360                                  358                        310,000.00                    20061001           2,114.75
        360                   360                                  358                        111,350.00                    20061001             782.40
        361                   360                                  358                         69,700.00                    20061001             535.94
        362                   360                                  358                        176,000.00                    20061001           1,328.43
        363                   360                                  358                        300,000.00                    20061001           1,783.16
        364                   360                                  358                         80,000.00                    20061001             570.37
        365                   360                                  357                        296,990.00                    20060901           2,262.59
        366                   360                                  358                        304,000.00                    20061001           2,119.46
        367                   360                                  358                        184,000.00                    20061001           1,248.98
        368                   360                                  358                        178,000.00                    20061001           1,224.32
        369                   360                                  358                        160,000.00                    20061001           1,172.91
        370                   360                                  358                        330,000.00                    20061001           2,171.64
        371                   360                                  358                         55,000.00                    20061001             572.10
        372                   360                                  358                        116,820.00                    20061001             988.69
        373                   360                                  358                        152,000.00                    20061001           1,160.79
        374                   360                                  358                         79,200.00                    20061001             620.25
        375                   360                                  358                         72,000.00                    20061001             563.86
        376                   360                                  358                        102,000.00                    20061001             817.05
        377                   360                                  358                        825,000.00                    20061001           5,910.41
        378                   360                                  358                        224,000.00                    20061001           1,690.72
        379                   360                                  358                        290,700.00                    20061001           2,617.64
        380                   360                                  358                        291,200.00                    20061001           2,079.58
        381                   360                                  358                        300,800.00                    20061001           2,398.70
        382                   360                                  358                        271,200.00                    20061001           1,835.00
        383                   360                                  358                        191,360.00                    20061001           1,658.15
        384                   360                                  358                        120,700.00                    20061001             884.82
        385                   360                                  358                        297,900.00                    20061001           2,295.60
        386                   360                                  358                         38,110.00                    20061001             396.42
        387                   360                                  358                        128,000.00                    20061001             939.22
        388                   360                                  358                        376,000.00                    20061001           2,324.94
        389                   360                                  358                        145,800.00                    20061001           1,306.52
        390                   360                                  358                         40,000.00                    20061001             367.40
        391                   360                                  358                        187,340.00                    20061001           1,241.13
        392                   360                                  358                        111,000.00                    20061001             692.50
        393                   360                                  358                        155,650.00                    20061001             971.06
        394                   360                                  358                        154,500.00                    20061001           1,117.56
        395                   360                                  358                        229,500.00                    20061001           1,612.57
        396                   360                                  358                        154,000.00                    20061001           1,548.60
        397                   360                                  358                        462,500.00                    20061001           3,361.48
        398                   360                                  358                        106,800.00                    20061001             964.99
        399                   360                                  358                        230,000.00                    20061001           1,744.11
        400                   360                                  358                        137,600.00                    20061001           1,115.79
        401                   360                                  358                        185,000.00                    20061001           1,302.71
        402                   360                                  358                         80,000.00                    20061001             777.01
        403                   360                                  358                        320,000.00                    20061001           2,035.24
        404                   360                                  358                        544,000.00                    20061001           3,286.67
        405                   360                                  358                        616,500.00                    20061001           4,449.32
        406                   360                                  358                        215,000.00                    20061001           1,570.11
        407                   360                                  358                         86,000.00                    20061001             664.32
        408                   360                                  358                        288,000.00                    20061001           1,800.00
        409                   360                                  358                        496,700.00                    20061001           3,456.01
        410                   360                                  358                         91,400.00                    20061001             670.67
        411                   360                                  358                        150,000.00                    20061001           1,065.55
        412                   360                                  358                        380,000.00                    20061001           2,438.34
        413                   360                                  358                        392,000.00                    20061001           2,579.64
        414                   360                                  358                        118,800.00                    20061001             870.89
        415                   360                                  358                        207,000.00                    20061001           1,573.35
        416                   360                                  358                        105,000.00                    20061001             816.68
        417                   360                                  358                        137,000.00                    20061001           1,058.27
        418                   360                                  358                        100,000.00                    20061001             829.94
        419                   360                                  358                         65,000.00                    20061001             476.95
        420                   360                                  358                        229,900.00                    20061001           1,771.60
        421                   360                                  358                        131,250.00                    20061001             922.22
        422                   240                                  238                         77,800.00                    20061001             614.92
        423                   360                                  358                        324,900.00                    20061001           2,579.23
        424                   360                                  358                         70,200.00                    20061001             660.59
        425                   360                                  358                        523,920.00                    20061001           4,177.94
        426                   360                                  358                         72,450.00                    20061001             625.12
        427                   360                                  358                        142,000.00                    20061001           1,314.89
        428                   360                                  358                         67,000.00                    20061001             575.64
        429                   360                                  358                         92,000.00                    20061001             681.49
        430                   360                                  358                        246,500.00                    20061001           1,715.14
        431                   360                                  358                        111,000.00                    20061001           1,002.94
        432                   360                                  358                        661,200.00                    20061001           5,778.09
        433                   360                                  358                        122,400.00                    20061001             987.07
        434                   360                                  358                        135,000.00                    20061001           1,285.64
        435                   360                                  358                        377,000.00                    20061001           2,371.96
        436                   360                                  358                        105,300.00                    20061001             776.33
        437                   360                                  358                        240,000.00                    20061001           1,803.04
        438                   360                                  358                        412,000.00                    20061001           3,055.67
        439                   360                                  358                        221,000.00                    20061001           1,770.28
        440                   360                                  358                        345,600.00                    20061001           2,246.40
        441                   360                                  358                        405,000.00                    20061001           2,575.85
        442                   360                                  358                        377,400.00                    20061001           2,954.78
        443                   360                                  358                        117,000.00                    20061001             940.57
        444                   360                                  358                        450,000.00                    20061001           2,718.49
        445                   360                                  358                        242,000.00                    20061001           1,704.09
        446                   360                                  358                        107,000.00                    20061001             927.17
        447                   360                                  358                        341,000.00                    20061001           2,234.44
        448                   360                                  358                        144,000.00                    20061001           1,066.68
        449                   360                                  358                        288,000.00                    20061001           2,040.00
        450                   360                                  358                         54,000.00                    20061001             506.12
        451                   360                                  358                         72,000.00                    20061001             621.24
        452                   360                                  358                        170,850.00                    20061001           1,142.42
        453                   360                                  358                        360,000.00                    20061001           2,883.70
        454                   360                                  358                        208,000.00                    20061001           1,666.14
        455                   360                                  358                        117,000.00                    20061001             798.15
        456                   360                                  358                        366,164.00                    20061001           2,433.64
        457                   180                                  178                         65,977.00                    20061001             565.71
        458                   120                                  118                        176,850.00                    20061001           2,122.39
        459                   360                                  358                        134,555.00                    20061001           1,015.61
        460                   360                                  358                        205,000.00                    20061001           1,341.04
        461                   360                                  358                        305,000.00                    20061001           2,091.00
        462                   360                                  357                        199,920.00                    20060901           1,450.42
        463                   360                                  357                        184,000.00                    20060901           1,362.98
        464                   360                                  358                         88,800.00                    20061001             753.17
        465                   360                                  358                        148,500.00                    20061001           1,168.26
        466                   360                                  358                        256,000.00                    20061001           1,802.67
        467                   360                                  358                         50,000.00                    20061001             473.34
        468                   360                                  358                        356,000.00                    20061001           2,513.63
        469                   360                                  358                        216,000.00                    20061001           1,716.20
        470                   360                                  357                         54,580.00                    20060901             580.40
        471                   360                                  358                        160,000.00                    20061001           1,404.12
        472                   360                                  358                        143,500.00                    20061001           1,113.58
        473                   360                                  358                        134,900.00                    20061001           1,109.79
        474                   360                                  358                         33,600.00                    20061001             291.15
        475                   360                                  358                        360,000.00                    20061001           3,456.96
        476                   360                                  358                        300,000.00                    20061001           2,201.30
        477                   360                                  358                        156,750.00                    20061001           1,155.65
        478                   360                                  358                        180,000.00                    20061001           1,140.00
        479                   360                                  358                        176,250.00                    20061001           1,009.77
        480                   360                                  358                        237,500.00                    20061001           1,649.59
        481                   360                                  358                        158,650.00                    20061001           1,142.08
        482                   360                                  358                        318,750.00                    20061001           2,058.60
        483                   360                                  358                        420,000.00                    20061001           3,376.40
        484                   360                                  358                        269,000.00                    20061001           1,681.25
        485                   180                                  178                        222,000.00                    20061001           2,205.69
        486                   360                                  358                         91,000.00                    20061001             761.86
        487                   360                                  358                        395,000.00                    20061001           2,601.48
        488                   360                                  358                         96,000.00                    20061001             786.30
        489                   360                                  358                         53,200.00                    20061001             478.71
        490                   360                                  358                        108,000.00                    20061001             830.43
        491                   360                                  358                        369,000.00                    20061001           2,260.13
        492                   360                                  357                         34,600.00                    20060901             315.21
        493                   360                                  358                        374,536.00                    20061001           2,555.00
        494                   360                                  357                         71,910.00                    20060901             647.07
        495                   360                                  358                        240,000.00                    20061001           1,500.00
        496                   360                                  358                        319,200.00                    20061001           2,220.98
        497                   360                                  358                        185,600.00                    20061001           1,276.60
        498                   360                                  358                        280,000.00                    20061001           2,083.90
        499                   360                                  358                        103,540.00                    20061001             715.13
        500                   360                                  358                        399,200.00                    20061001           2,972.15
        501                   360                                  357                        544,000.00                    20060901           3,626.67
        502                   360                                  358                        175,000.00                    20061001           1,282.87
        503                   360                                  358                        298,800.00                    20061001           2,010.63
        504                   360                                  358                        327,360.00                    20061001           2,134.15
        505                   360                                  358                        404,000.00                    20061001           2,806.03
        506                   360                                  358                        540,000.00                    20061001           3,105.00
        507                   360                                  357                        175,000.00                    20060901           1,535.76
        508                   360                                  358                        285,000.00                    20061001           2,089.25
        509                   360                                  358                        314,000.00                    20061001           1,897.08
        510                   360                                  358                        268,800.00                    20061001           1,916.44
        511                   360                                  358                        161,500.00                    20061001           1,349.16
        512                   360                                  358                         94,500.00                    20061001             736.70
        513                   360                                  358                        162,000.00                    20061001           1,303.49
        514                   360                                  358                        349,600.00                    20061001           2,039.34
        515                   360                                  357                        141,600.00                    20060901           1,162.30
        516                   360                                  358                         68,000.00                    20061001             549.60
        517                   360                                  358                        161,250.00                    20061001           1,566.16
        518                   360                                  357                        218,320.00                    20060901           1,922.66
        519                   360                                  358                        143,000.00                    20061001           1,074.32
        520                   360                                  358                        169,000.00                    20061001           1,147.80
        521                   360                                  358                        172,000.00                    20061001           1,359.28
        522                   360                                  358                        220,000.00                    20061001           1,454.82
        523                   360                                  358                        480,000.00                    20061001           3,180.00
        524                   360                                  358                         84,800.00                    20061001             700.71
        525                   360                                  358                         97,500.00                    20061001             746.24
        526                   180                                  178                         62,000.00                    20061001             596.09
        527                   360                                  358                         64,600.00                    20061001             581.29
        528                   360                                  358                        104,000.00                    20061001             911.91
        529                   360                                  358                         77,250.00                    20061001             673.65
        530                   360                                  358                        175,500.00                    20061001           1,374.40
        531                   360                                  357                         56,000.00                    20060901             430.20
        532                   360                                  358                        336,000.00                    20061001           2,170.00
        533                   360                                  358                        314,000.00                    20061001           1,753.17
        534                   360                                  358                         89,360.00                    20061001             699.81
        535                   360                                  358                        162,000.00                    20061001           1,379.95
        536                   360                                  358                        225,000.00                    20061001           1,611.93
        537                   360                                  358                        164,000.00                    20061001           1,396.99
        538                   360                                  358                        153,000.00                    20061001           1,043.73
        539                   360                                  358                        145,000.00                    20061001           1,089.34
        540                   360                                  358                        346,000.00                    20061001           2,200.60
        541                   360                                  358                        297,000.00                    20061001           2,220.84
        542                   360                                  357                        252,000.00                    20060901           2,460.30
        543                   360                                  358                        184,500.00                    20061001           1,269.03
        544                   360                                  358                        387,000.00                    20061001           3,155.75
        545                   360                                  358                        500,000.00                    20061001           3,844.57
        546                   360                                  358                        351,960.00                    20061001           2,545.85
        547                   360                                  357                         72,000.00                    20060901             614.63
        548                   360                                  358                         71,100.00                    20061001             621.33
        549                   180                                  178                         86,250.00                    20061001             834.24
        550                   360                                  358                        248,960.00                    20061001           1,976.38
        551                   360                                  358                        140,000.00                    20061001           1,056.70
        552                   360                                  358                        262,200.00                    20061001           1,922.11
        553                   360                                  358                        415,000.00                    20061001           3,201.16
        554                   360                                  358                         50,000.00                    20061001             349.61
        555                   360                                  358                        178,200.00                    20061001           1,531.02
        556                   360                                  358                        151,999.00                    20061001           1,099.47
        557                   360                                  357                         50,400.00                    20060901             478.07
        558                   360                                  358                        368,000.00                    20061001           2,560.53
        559                   360                                  358                        146,200.00                    20061001           1,253.41
        560                   360                                  358                         67,500.00                    20061001             602.37
        561                   360                                  358                        252,000.00                    20061001           2,192.89
        562                   360                                  358                        251,750.00                    20061001           2,426.06
        563                   360                                  358                         70,000.00                    20061001             616.89
        564                   360                                  358                        180,000.00                    20061001           1,095.00
        565                   360                                  358                        210,600.00                    20061001           1,832.63
        566                   360                                  358                        174,750.00                    20061001           1,261.19
        567                   360                                  358                        722,500.00                    20061001           5,283.29
        568                   360                                  357                        320,000.00                    20060901           2,153.28
        569                   360                                  357                        138,000.00                    20060901           1,155.35
        570                   360                                  358                         63,900.00                    20061001             471.11
        571                   360                                  358                        375,000.00                    20061001           2,457.23
        572                   360                                  358                        280,400.00                    20061001           1,960.19
        573                   360                                  358                        320,000.00                    20061001           2,165.19
        574                   360                                  358                        155,700.00                    20061001           1,230.46
        575                   360                                  358                      1,117,500.00                    20061001           7,775.50
        576                   360                                  358                        388,000.00                    20061001           2,633.70
        577                   360                                  358                        200,600.00                    20061001           1,849.99
        578                   360                                  358                        310,500.00                    20061001           1,824.19
        579                   360                                  358                        375,250.00                    20061001           3,016.65
        580                   360                                  357                        382,950.00                    20060901           2,638.42
        581                   360                                  358                        350,000.00                    20061001           2,411.41
        582                   360                                  358                         69,396.00                    20061001             637.39
        583                   360                                  358                        212,000.00                    20061001           1,690.57
        584                   360                                  358                        318,750.00                    20061001           2,294.59
        585                   360                                  357                        412,000.00                    20060901           3,285.45
        586                   360                                  357                        320,000.00                    20060901           2,499.20
        587                   360                                  358                         95,000.00                    20061001             781.55
        588                   360                                  358                        382,000.00                    20061001           2,937.25
        589                   360                                  357                        368,000.00                    20060901           2,453.34
        590                   360                                  357                        416,075.00                    20060901           2,770.37
        591                   360                                  357                        376,000.00                    20060901           2,629.05
        592                   360                                  358                        239,920.00                    20061001           1,760.45
        593                   360                                  358                        544,000.00                    20061001           3,988.04
        594                   360                                  358                        265,000.00                    20061001           1,743.89
        595                   360                                  357                        126,900.00                    20060901           1,108.96
        596                   360                                  357                        190,000.00                    20060901           1,649.87
        597                   360                                  357                        153,000.00                    20060901           1,411.01
        598                   360                                  358                        124,800.00                    20061001             895.97
        599                   360                                  358                         50,000.00                    20061001             508.55
        600                   360                                  358                        340,000.00                    20061001           2,389.62
        601                   360                                  357                        311,400.00                    20060901           2,755.80
        602                   360                                  358                        284,750.00                    20061001           2,055.06
        603                   360                                  357                        248,000.00                    20060901           1,845.74
        604                   360                                  358                        319,200.00                    20061001           2,695.66
        605                   360                                  358                        240,000.00                    20061001           1,862.43
        606                   360                                  357                         55,600.00                    20060901             591.24
        607                   360                                  358                        171,900.00                    20061001           1,190.21
        608                   360                                  358                        268,000.00                    20061001           1,781.09
        609                   360                                  358                        181,600.00                    20061001           1,232.68
        610                   360                                  357                        205,600.00                    20060901           1,424.94
        611                   360                                  358                         93,600.00                    20061001             773.42
        612                   360                                  358                         61,800.00                    20061001             645.22
        613                   360                                  358                        118,800.00                    20061001           1,038.17
        614                   360                                  358                        518,500.00                    20061001           3,768.49
        615                   360                                  358                         72,000.00                    20061001             678.89
        616                   360                                  357                        359,100.00                    20060901           3,107.67
        617                   360                                  358                        364,000.00                    20061001           2,585.73
        618                   360                                  358                        350,000.00                    20061001           2,483.31
        619                   360                                  358                         64,000.00                    20061001             526.52
        620                   360                                  358                        391,000.00                    20061001           3,146.08
        621                   360                                  357                        185,000.00                    20060901           1,445.50
        622                   360                                  358                         60,000.00                    20061001             535.44
        623                   360                                  357                        568,000.00                    20060901           3,822.07
        624                   360                                  358                        100,000.00                    20061001             802.83
        625                   360                                  358                        116,000.00                    20061001             896.06
        626                   360                                  358                        153,900.00                    20061001           1,271.68
        627                   360                                  358                        368,000.00                    20061001           2,394.55
        628                   360                                  357                        237,500.00                    20060901           1,682.29
        629                   360                                  358                         95,000.00                    20061001             940.78
        630                   360                                  358                         96,800.00                    20061001             844.13
        631                   360                                  358                        284,000.00                    20061001           1,798.67
        632                   360                                  358                        172,000.00                    20061001           1,353.29
        633                   360                                  357                        124,000.00                    20060901             785.34
        634                   360                                  358                        340,000.00                    20061001           3,122.84
        635                   360                                  357                        468,000.00                    20060901           3,028.03
        636                   360                                  358                        455,000.00                    20061001           3,027.91
        637                   360                                  358                        209,000.00                    20061001           1,519.03
        638                   360                                  358                        204,000.00                    20061001           1,275.00
        639                   360                                  358                        318,750.00                    20061001           2,405.88
        640                   360                                  358                        436,000.00                    20061001           2,725.00
        641                   360                                  358                        256,500.00                    20061001           2,054.64
        642                   360                                  358                      1,000,000.00                    20061001           7,902.75
        643                   360                                  358                        274,500.00                    20061001           2,208.69
        644                   360                                  358                         33,000.00                    20061001             323.03
        645                   360                                  358                        363,750.00                    20061001           3,018.88
        646                   360                                  358                        236,000.00                    20061001           1,865.05
        647                   360                                  358                        413,000.00                    20061001           2,859.53
        648                   360                                  358                        415,700.00                    20061001           3,093.84
        649                   360                                  358                        104,891.00                    20061001             908.89
        650                   360                                  358                        106,000.00                    20061001             877.81
        651                   360                                  358                        160,000.00                    20061001           1,230.27
        652                   360                                  357                        520,000.00                    20060901           4,131.58
        653                   360                                  358                        576,000.00                    20061001           5,441.91
        654                   360                                  357                        172,000.00                    20060901           1,359.28
        655                   360                                  358                        352,000.00                    20061001           2,540.41
        656                   360                                  358                        168,000.00                    20061001           1,221.04
        657                   360                                  358                        620,000.00                    20061001           4,004.17
        658                   360                                  357                        364,000.00                    20060901           2,558.29
        659                   360                                  358                        228,000.00                    20061001           2,310.20
        660                   360                                  358                        148,550.00                    20061001           1,375.54
        661                   360                                  358                        324,500.00                    20061001           2,506.64
        662                   360                                  358                        100,300.00                    20061001             735.27
        663                   360                                  358                        120,800.00                    20061001             844.66
        664                   360                                  358                        235,000.00                    20061001           1,527.50
        665                   360                                  357                        252,000.00                    20060901           1,866.69
        666                   360                                  358                        356,000.00                    20061001           2,150.83
        667                   360                                  358                         91,000.00                    20061001             791.88
        668                   360                                  358                        395,000.00                    20061001           2,497.81
        669                   360                                  357                        512,000.00                    20060901           4,317.50
        670                   360                                  358                        251,250.00                    20061001           1,470.97
        671                   360                                  357                        144,000.00                    20060901           1,122.58
        672                   360                                  357                        477,000.00                    20060901           4,098.17
        673                   360                                  358                        193,410.00                    20061001           1,453.03
        674                   360                                  358                        220,000.00                    20061001           1,338.34
        675                   360                                  358                        382,500.00                    20061001           2,965.19
        676                   360                                  357                        494,100.00                    20060901           3,754.34
        677                   360                                  358                        138,700.00                    20061001           1,294.74
        678                   360                                  358                        252,000.00                    20061001           1,847.40
        679                   360                                  358                        779,000.00                    20061001           7,386.93
        680                   360                                  358                        110,700.00                    20061001           1,016.76
        681                   360                                  357                        387,200.00                    20060901           2,178.00
        682                   360                                  358                        222,000.00                    20061001           1,931.83
        683                   360                                  357                        202,500.00                    20060901           1,484.47
        684                   360                                  358                        192,000.00                    20061001           1,110.43
        685                   360                                  357                        172,000.00                    20060901           1,393.25
        686                   360                                  358                        310,250.00                    20061001           2,158.71
        687                   360                                  357                        900,000.00                    20060901           7,016.13
        688                   360                                  358                        256,000.00                    20061001           1,876.66
        689                   360                                  358                        361,950.00                    20061001           3,331.13
        690                   360                                  357                        400,000.00                    20060901           3,436.62
        691                   360                                  358                        311,600.00                    20061001           2,155.24
        692                   360                                  358                        157,500.00                    20061001           1,295.72
        693                   360                                  358                        112,500.00                    20061001             881.03
        694                   360                                  358                        233,750.00                    20061001           1,965.50
        695                   360                                  357                        192,000.00                    20060901           1,415.53
        696                   360                                  358                        133,500.00                    20061001           1,103.12
        697                   360                                  358                        237,000.00                    20061001           1,537.18
        698                   360                                  358                        221,000.00                    20061001           1,231.42
        699                   360                                  358                        654,500.00                    20061001           5,162.22
        700                   360                                  358                         64,000.00                    20061001             653.39
        701                   360                                  357                        325,000.00                    20060901           2,118.76
        702                   360                                  358                        147,200.00                    20061001           1,095.95
        703                   360                                  358                        416,000.00                    20061001           3,299.46
        704                   360                                  358                        180,900.00                    20061001           1,607.62
        705                   360                                  357                        212,000.00                    20060901           1,667.81
        706                   360                                  358                        127,415.00                    20061001           1,055.15
        707                   360                                  358                        172,000.00                    20061001           1,093.94
        708                   360                                  358                        105,000.00                    20061001             781.47
        709                   360                                  358                        180,000.00                    20061001           1,198.50
        710                   360                                  358                        323,000.00                    20061001           2,831.70
        711                   360                                  358                        684,000.00                    20061001           4,554.30
        712                   360                                  357                         73,000.00                    20060901             734.08
        713                   360                                  357                        321,300.00                    20060901           1,996.66
        714                   360                                  358                         25,300.00                    20061001             277.90
        715                   360                                  358                        256,000.00                    20061001           1,713.11
        716                   360                                  357                        256,500.00                    20060901           2,082.34
        717                   360                                  358                        233,750.00                    20061001           2,016.87
        718                   360                                  358                        307,500.00                    20061001           2,562.92
        719                   360                                  358                        360,000.00                    20061001           2,742.62
        720                   360                                  358                        220,000.00                    20061001           2,012.43
        721                   360                                  358                        261,000.00                    20061001           1,701.53
        722                   360                                  357                        157,500.00                    20060901           1,261.62
        723                   360                                  358                        375,000.00                    20061001           2,467.77
        724                   360                                  357                        276,000.00                    20060901           1,633.00
        725                   360                                  357                        204,000.00                    20060901           1,482.69
        726                   360                                  358                        614,400.00                    20061001           4,615.79
        727                   360                                  358                         82,500.00                    20061001             574.04
        728                   360                                  358                        384,750.00                    20061001           3,235.19
        729                   360                                  357                        124,000.00                    20060901             884.08
        730                   360                                  358                        150,000.00                    20061001           1,008.05
        731                   360                                  358                        436,000.00                    20061001           2,989.09
        732                   360                                  358                        165,000.00                    20061001           1,120.01
        733                   360                                  357                        297,900.00                    20060901           2,436.38
        734                   360                                  358                        416,500.00                    20061001           3,411.37
        735                   360                                  357                        405,000.00                    20060901           3,780.60
        736                   360                                  358                         80,000.00                    20061001             658.15
        737                   360                                  358                        176,000.00                    20061001           1,570.61
        738                   360                                  357                        415,000.00                    20060901           3,489.55
        739                   360                                  357                        600,000.00                    20060901           4,025.00
        740                   360                                  358                         54,000.00                    20061001             413.31
        741                   360                                  358                        257,600.00                    20061001           1,944.33
        742                   360                                  358                        550,000.00                    20061001           4,031.88
        743                   360                                  358                        165,280.00                    20061001           1,344.78
        744                   360                                  357                        104,000.00                    20060901             818.17
        745                   360                                  358                         67,500.00                    20061001             523.81
        746                   360                                  357                        341,100.00                    20060901           2,830.90
        747                   360                                  358                        312,000.00                    20061001           1,657.50
        748                   360                                  358                        600,000.00                    20061001           3,882.08
        749                   360                                  358                      1,250,000.00                    20061001           8,955.16
        750                   360                                  357                        233,653.00                    20060901           1,973.22
        751                   360                                  357                        509,600.00                    20060901           3,393.09
        752                   360                                  358                        409,150.00                    20061001           2,737.97
        753                   360                                  357                        305,000.00                    20060901           2,411.52
        754                   360                                  358                        225,000.00                    20061001           1,406.40
        755                   360                                  358                         76,000.00                    20061001             787.61
        756                   360                                  358                        304,000.00                    20061001           2,136.04
        757                   360                                  358                        380,000.00                    20061001           2,989.47
        758                   360                                  357                        365,500.00                    20060901           2,493.36
        759                   360                                  357                        463,716.00                    20060901           2,985.18
        760                   360                                  358                        185,250.00                    20061001           1,743.22
        761                   360                                  357                        144,000.00                    20060901           1,006.66
        762                   360                                  357                        365,750.00                    20060901           3,351.55
        763                   360                                  357                        760,000.00                    20060901           4,990.67
        764                   360                                  357                        171,554.00                    20060901           1,870.95
        765                   360                                  358                         34,980.00                    20061001             332.86
        766                   360                                  358                         70,000.00                    20061001             583.50
        767                   360                                  357                        235,260.00                    20060901           1,636.93
        768                   360                                  358                        180,000.00                    20061001           1,264.76
        769                   360                                  357                        562,250.00                    20060901           4,423.23
        770                   360                                  358                        332,500.00                    20061001           2,462.87
        771                   360                                  358                        306,000.00                    20061001           2,440.16
        772                   360                                  358                        300,000.00                    20061001           2,029.86
        773                   360                                  358                        477,920.00                    20061001           2,969.95
        774                   360                                  358                         90,000.00                    20061001             776.55
        775                   360                                  357                        280,000.00                    20060901           1,948.23
        776                   360                                  358                        382,000.00                    20061001           2,816.31
        777                   360                                  358                        149,400.00                    20061001           1,344.34
        778                   360                                  358                        135,000.00                    20061001           1,285.64
        779                   360                                  358                        153,800.00                    20061001           1,215.45
        780                   360                                  357                        372,600.00                    20060901           2,534.98
        781                   360                                  358                        331,500.00                    20061001           2,203.26
        782                   360                                  358                        368,000.00                    20061001           2,835.78
        783                   360                                  357                        180,000.00                    20060901           1,390.43
        784                   360                                  357                        452,000.00                    20060901           2,975.67
        785                   360                                  358                        372,000.00                    20061001           2,402.50
        786                   360                                  357                        268,000.00                    20060901           1,793.41
        787                   360                                  358                         80,000.00                    20061001             573.13
        788                   360                                  358                         60,800.00                    20061001             487.03
        789                   360                                  357                        471,750.00                    20060901           3,627.35
        790                   360                                  358                        150,300.00                    20061001           1,208.27
        791                   360                                  358                         99,000.00                    20061001             854.21
        792                   360                                  358                        351,000.00                    20061001           2,862.20
        793                   360                                  358                        310,500.00                    20061001           2,479.07
        794                   360                                  357                        380,000.00                    20060901           2,153.34
        795                   360                                  357                        176,000.00                    20060901           1,230.62
        796                   360                                  357                        356,000.00                    20060901           2,195.34
        797                   360                                  357                        346,400.00                    20060901           2,102.51
        798                   360                                  357                        382,500.00                    20060901           2,358.75
        799                   360                                  357                        224,000.00                    20060901           1,288.00
        800                   360                                  358                        352,000.00                    20061001           2,185.34
        801                   360                                  358                        128,700.00                    20061001             908.72
        802                   360                                  358                        216,000.00                    20061001           1,943.62
        803                   360                                  357                        303,200.00                    20060901           2,245.95
        804                   360                                  357                        360,000.00                    20060901           2,392.68
        805                   360                                  358                        399,000.00                    20061001           3,224.81
        806                   360                                  358                        105,400.00                    20061001             802.98
        807                   240                                  238                         92,000.00                    20061001             685.93
        808                   360                                  358                        260,836.00                    20061001           1,761.71
        809                   360                                  358                        211,500.00                    20061001           1,648.79
        810                   360                                  358                         76,500.00                    20061001             705.51
        811                   360                                  358                        360,000.00                    20061001           2,280.00
        812                   360                                  358                        403,000.00                    20061001           2,652.03
        813                   360                                  358                         67,000.00                    20061001             450.27
        814                   360                                  358                        212,800.00                    20061001           1,554.05
        815                   360                                  357                        568,000.00                    20060901           3,289.67
        816                   360                                  358                        380,000.00                    20061001           2,881.58
        817                   360                                  357                        312,000.00                    20060901           2,337.40
        818                   360                                  358                        245,000.00                    20061001           1,806.28
        819                   360                                  357                        308,080.00                    20060901           2,027.39
        820                   360                                  358                         68,300.00                    20061001             686.82
        821                   360                                  357                        346,500.00                    20060901           2,494.36
        822                   360                                  357                        292,000.00                    20060901           2,339.01
        823                   360                                  357                        405,000.00                    20060901           2,613.38
        824                   360                                  357                        205,650.00                    20060901           1,366.82
        825                   360                                  358                        172,000.00                    20061001           1,190.90
        826                   360                                  357                        208,800.00                    20060901           1,824.66
        827                   360                                  357                         53,000.00                    20060901             553.34
        828                   360                                  357                        232,000.00                    20060901           1,661.68
        829                   360                                  357                        185,400.00                    20060901           1,675.18
        830                   360                                  358                        152,000.00                    20061001           1,212.11
        831                   360                                  358                        429,600.00                    20061001           3,038.03
        832                   360                                  357                        332,500.00                    20060901           2,178.74
        833                   360                                  357                        367,000.00                    20060901           2,939.78
        834                   360                                  358                        332,000.00                    20061001           2,321.40
        835                   360                                  357                        356,000.00                    20060901           2,609.73
        836                   360                                  357                        401,250.00                    20060901           3,002.74
        837                   360                                  357                         82,800.00                    20060901             766.71
        838                   360                                  358                        164,000.00                    20061001           1,580.43
        839                   360                                  358                        166,500.00                    20061001           1,548.00
        840                   360                                  357                        367,500.00                    20060901           3,023.34
        841                   360                                  357                        408,500.00                    20060901           3,434.89
        842                   240                                  238                        132,000.00                    20061001           1,011.55
        843                   360                                  358                        193,750.00                    20061001           1,282.53
        844                   360                                  357                         67,500.00                    20060901             645.37
        845                   360                                  357                        365,750.00                    20060901           3,264.43
        846                   360                                  357                        247,000.00                    20060901           1,585.66
        847                   360                                  357                        787,500.00                    20060901           4,593.68
        848                   360                                  358                        297,351.00                    20061001           2,191.18
        849                   360                                  357                        423,000.00                    20060901           3,696.51
        850                   360                                  358                        247,500.00                    20061001           1,989.67
        851                   360                                  357                        363,960.00                    20060901           2,168.60
        852                   360                                  357                        280,000.00                    20060901           1,904.98
        853                   360                                  358                        182,000.00                    20061001           1,335.46
        854                   360                                  358                        213,750.00                    20061001           1,505.16
        855                   360                                  358                        380,000.00                    20061001           2,901.96
        856                   360                                  357                        364,000.00                    20060901           2,570.12
        857                   360                                  358                        125,000.00                    20061001           1,096.05
        858                   360                                  358                        364,500.00                    20061001           2,802.69
        859                   360                                  358                        395,000.00                    20061001           2,561.97
        860                   360                                  358                        287,100.00                    20061001           2,104.64
        861                   360                                  358                        384,000.00                    20061001           3,200.91
        862                   360                                  358                        315,000.00                    20061001           2,545.91
        863                   360                                  358                        112,500.00                    20061001           1,020.69
        864                   360                                  358                        490,000.00                    20061001           3,493.51
        865                   360                                  358                        176,000.00                    20061001           1,260.89
        866                   360                                  358                        160,000.00                    20061001           1,357.06
        867                   360                                  357                        345,000.00                    20060901           2,226.21
        868                   360                                  357                        135,000.00                    20060901           1,066.88
        869                   360                                  358                        130,050.00                    20061001           1,013.83
        870                   360                                  357                        128,000.00                    20060901           1,109.13
        871                   360                                  357                        222,500.00                    20060901           1,578.67
        872                   360                                  357                        278,400.00                    20060901           2,412.36
        873                   360                                  357                        339,300.00                    20060901           2,232.84
        874                   360                                  357                        158,400.00                    20060901           1,131.20
        875                   360                                  357                        371,250.00                    20060901           1,871.21
        876                   360                                  357                        324,000.00                    20060901           2,604.65
        877                   360                                  357                        620,000.00                    20060901           4,287.69
        878                   360                                  357                        393,330.00                    20060901           3,437.23
        879                   360                                  357                        372,000.00                    20060901           2,429.17
        880                   360                                  357                        368,000.00                    20060901           2,462.60
        881                   360                                  357                        375,000.00                    20060901           3,142.82
        882                   360                                  357                        176,000.00                    20060901           1,200.64
        883                   360                                  358                        228,600.00                    20061001           1,666.88
        884                   360                                  358                        157,500.00                    20061001           1,172.20
        885                   360                                  357                        273,000.00                    20060901           1,770.68
        886                   360                                  357                        387,000.00                    20060901           2,499.38
        887                   360                                  357                        735,250.00                    20060901           6,725.63
        888                   360                                  357                        496,000.00                    20060901           3,048.34
        889                   360                                  357                        447,960.00                    20060901           2,799.75
        890                   360                                  357                        366,250.00                    20060901           2,543.84
        891                   360                                  358                        356,250.00                    20061001           3,555.12
        892                   360                                  357                        288,000.00                    20060901           1,836.00
        893                   360                                  357                        139,500.00                    20060901           1,260.45
        894                   240                                  238                        128,700.00                    20061001           1,104.71
        895                   360                                  357                        303,000.00                    20060901           2,221.20
        896                   360                                  358                        144,000.00                    20061001           1,020.00
        897                   360                                  357                        406,923.00                    20060901           2,845.27
        898                   360                                  358                        232,292.00                    20061001           1,477.41
        899                   360                                  357                        222,000.00                    20060901           1,754.41
        900                   360                                  358                        530,000.00                    20061001           3,944.52
        901                   360                                  357                        359,000.00                    20060901           2,489.44
        902                   360                                  357                        311,920.00                    20060901           2,053.48
        903                   360                                  357                        335,000.00                    20060901           2,266.68
        904                   360                                  357                         75,000.00                    20060901             623.54
        905                   360                                  357                        315,000.00                    20060901           2,345.26
        906                   360                                  357                        245,000.00                    20060901           1,676.00
        907                   360                                  358                        418,500.00                    20061001           3,610.94
        908                   360                                  357                        318,400.00                    20060901           2,493.50
        909                   360                                  358                        160,000.00                    20061001           1,200.42
        910                   360                                  357                        488,799.00                    20060901           3,019.82
        911                   360                                  357                        480,000.00                    20060901           2,860.00
        912                   360                                  357                        332,000.00                    20060901           2,441.89
        913                   360                                  357                        356,250.00                    20060901           2,383.97
        914                   360                                  358                        371,000.00                    20061001           3,393.69
        915                   360                                  357                        388,000.00                    20060901           2,903.59
        916                   360                                  358                        267,000.00                    20061001           1,977.80
        917                   360                                  358                        223,020.00                    20061001           1,590.05
        918                   300                                  297                        323,000.00                    20060901           2,957.91
        919                   360                                  358                        192,850.00                    20061001           1,706.67
        920                   360                                  357                        272,800.00                    20060901           1,992.21
        921                   360                                  358                        318,750.00                    20061001           2,553.28
        922                   360                                  358                        588,000.00                    20061001           4,066.39
        923                   360                                  357                        390,000.00                    20060901           2,566.48
        924                   360                                  357                        364,000.00                    20060901           2,599.47
        925                   360                                  357                        159,800.00                    20060901           1,334.95
        926                   360                                  357                        477,000.00                    20060901           3,496.74
        927                   360                                  358                        152,000.00                    20061001           1,261.50
        928                   360                                  357                        158,170.00                    20060901           1,364.74
        929                   360                                  358                         80,000.00                    20061001             635.09
        930                   360                                  357                        380,000.00                    20060901           2,775.08
        931                   360                                  357                        255,000.00                    20060901           2,392.47
        932                   360                                  357                        390,400.00                    20060901           2,711.57
        933                   360                                  357                        365,000.00                    20060901           2,403.90
        934                   360                                  357                        504,000.00                    20060901           3,689.40
        935                   360                                  357                        396,000.00                    20060901           3,186.31
        936                   360                                  357                        400,000.00                    20060901           3,522.65
        937                   360                                  357                        288,000.00                    20060901           2,089.44
        938                   360                                  358                        244,000.00                    20061001           1,494.50
        939                   360                                  358                        415,000.00                    20061001           2,459.28
        940                   360                                  357                        377,100.00                    20060901           2,496.21
        941                   360                                  358                        144,000.00                    20061001           1,031.64
        942                   360                                  357                        240,000.00                    20060901           1,916.19
        943                   360                                  357                        348,800.00                    20060901           2,256.79
        944                   360                                  357                        228,000.00                    20060901           1,472.50
        945                   360                                  357                        423,920.00                    20060901           2,702.49
        946                   360                                  357                        336,000.00                    20060901           2,372.42
        947                   360                                  357                         51,000.00                    20060901             505.05
        948                   360                                  357                        446,500.00                    20060901           3,589.43
        949                   360                                  357                        361,000.00                    20060901           2,586.25
        950                   360                                  357                        308,750.00                    20060901           2,570.35
        951                   360                                  357                        412,500.00                    20060901           2,744.38
        952                   360                                  357                        244,000.00                    20060901           1,798.90
        953                   360                                  357                        384,000.00                    20060901           3,080.80
        954                   360                                  357                        158,800.00                    20060901           1,146.07
        955                   360                                  357                        288,000.00                    20060901           2,080.61
        956                   360                                  358                        323,000.00                    20061001           2,148.93
        957                   360                                  358                        175,500.00                    20061001           1,482.11
        958                   360                                  357                        243,500.00                    20060901           1,825.06
        959                   360                                  357                        357,000.00                    20060901           3,292.34
        960                   360                                  357                        330,000.00                    20060901           2,098.84
        961                   360                                  358                         82,600.00                    20061001             792.87
        962                   360                                  358                        129,500.00                    20061001           1,147.96
        963                   360                                  357                        387,125.00                    20060901           3,064.74
        964                   360                                  358                        415,000.00                    20061001           2,901.13
        965                   360                                  357                        209,500.00                    20060901           2,106.69
        966                   360                                  358                        440,000.00                    20061001           3,975.60
        967                   360                                  357                        680,000.00                    20060901           4,901.67
        968                   360                                  357                        400,000.00                    20060901           2,544.05
        969                   360                                  357                        184,775.00                    20060901           1,614.71
        970                   360                                  357                        312,000.00                    20060901           2,322.93
        971                   360                                  358                        189,600.00                    20061001           1,325.44
        972                   180                                  178                        128,000.00                    20061001           1,317.37
        973                   360                                  357                        623,392.00                    20060901           4,311.15
        974                   360                                  358                        722,000.00                    20061001           4,807.32
        975                   360                                  357                        328,525.00                    20060901           3,165.92
        976                   360                                  357                        357,750.00                    20060901           3,136.87
        977                   360                                  357                        624,000.00                    20060901           4,030.00
        978                   360                                  357                        448,000.00                    20060901           3,365.68
        979                   360                                  357                        413,000.00                    20060901           2,775.50
        980                   360                                  358                         65,000.00                    20061001             410.85
        981                   360                                  357                        612,000.00                    20060901           4,080.00
        982                   360                                  358                        118,024.00                    20061001             932.72
        983                   360                                  357                        388,000.00                    20060901           2,411.16
        984                   360                                  358                        132,097.00                    20061001           1,139.78
        985                   360                                  358                        380,000.00                    20061001           3,139.95
        986                   360                                  358                        232,000.00                    20061001           1,710.43
        987                   360                                  357                        164,000.00                    20060901           1,234.97
        988                   360                                  357                        247,500.00                    20060901           2,091.96
        989                   360                                  357                        271,000.00                    20060901           1,546.96
        990                   360                                  357                        373,500.00                    20060901           3,236.41
        991                   360                                  357                        387,000.00                    20060901           2,539.69
        992                   360                                  357                        396,000.00                    20060901           2,634.60
        993                   360                                  357                        407,000.00                    20060901           2,831.89
        994                   360                                  357                        571,500.00                    20060901           4,133.86
        995                   360                                  357                        339,150.00                    20060901           2,643.91
        996                   360                                  357                        294,000.00                    20060901           2,075.86
        997                   360                                  358                         83,300.00                    20061001             571.09
        998                   360                                  358                        227,905.00                    20061001           2,067.72
        999                   240                                  237                        150,000.00                    20060901           1,388.42
       1000                   360                                  357                        409,500.00                    20060901           2,422.88
       1001                   180                                  177                        268,299.00                    20060901           2,562.46
       1002                   360                                  357                        358,750.00                    20060901           2,758.48
       1003                   360                                  357                        242,600.00                    20060901           1,708.31
       1004                   360                                  357                        544,000.00                    20060901           3,397.46
       1005                   360                                  357                        240,000.00                    20060901           1,629.10
       1006                   360                                  357                        216,000.00                    20060901           1,418.25
       1007                   360                                  357                        370,600.00                    20060901           2,745.22
       1008                   360                                  357                        258,400.00                    20060901           1,878.07
       1009                   360                                  358                        372,400.00                    20061001           3,103.84
       1010                   360                                  358                        308,750.00                    20061001           2,054.13
       1011                   360                                  357                        276,300.00                    20060901           2,293.11
       1012                   360                                  358                        112,000.00                    20061001             771.65
       1013                   360                                  357                        223,250.00                    20060901           1,610.98
       1014                   360                                  357                        343,200.00                    20060901           2,712.23
       1015                   360                                  357                        276,300.00                    20060901           2,394.17
       1016                   360                                  357                        312,000.00                    20060901           1,898.00
       1017                   360                                  357                        372,900.00                    20060901           2,480.92
       1018                   360                                  357                        400,000.00                    20060901           2,661.21
       1019                   360                                  358                        510,000.00                    20061001           3,562.51
       1020                   360                                  357                        307,500.00                    20060901           2,310.15
       1021                   360                                  357                        344,000.00                    20060901           1,906.34
       1022                   360                                  357                        351,000.00                    20060901           2,593.89
       1023                   360                                  358                        377,600.00                    20061001           3,106.43
       1024                   360                                  357                        177,210.00                    20060901           1,394.12
       1025                   360                                  357                        200,000.00                    20060901           1,297.20
       1026                   360                                  357                        304,000.00                    20060901           2,553.54
       1027                   360                                  357                        304,000.00                    20060901           2,039.34
       1028                   360                                  357                        522,000.00                    20060901           3,886.43
       1029                   360                                  357                        455,000.00                    20060901           2,966.26
       1030                   360                                  357                        390,000.00                    20060901           2,873.91
       1031                   360                                  358                        290,000.00                    20061001           2,364.78
       1032                   360                                  358                        371,250.00                    20061001           2,711.18
       1033                   360                                  357                        391,000.00                    20060901           3,216.67
       1034                   360                                  358                        468,750.00                    20061001           3,856.30
       1035                   360                                  357                         42,000.00                    20060901             388.91
       1036                   360                                  357                        193,600.00                    20060901           1,238.41
       1037                   360                                  357                        192,000.00                    20060901           1,596.96
       1038                   360                                  357                         68,400.00                    20060901             587.67
       1039                   360                                  358                        300,000.00                    20061001           2,253.80
       1040                   360                                  358                        358,000.00                    20061001           3,586.28
       1041                   360                                  358                        328,000.00                    20061001           2,854.23
       1042                   360                                  357                        151,920.00                    20060901           1,195.16
       1043                   360                                  357                        368,000.00                    20060901           2,611.02
       1044                   360                                  357                        180,000.00                    20060901           1,258.59
       1045                   360                                  357                        290,000.00                    20060901           2,183.78
       1046                   360                                  357                        643,500.00                    20060901           4,236.38
       1047                   360                                  357                        256,000.00                    20060901           1,977.50
       1048                   360                                  357                        180,000.00                    20060901           1,720.99
       1049                   360                                  357                        356,000.00                    20060901           2,542.34
       1050                   360                                  357                        240,000.00                    20060901           1,678.12
       1051                   360                                  357                        169,000.00                    20060901           1,427.22
       1052                   360                                  357                        588,000.00                    20060901           3,160.50
       1053                   360                                  357                        323,000.00                    20060901           2,727.76
       1054                   360                                  358                        106,000.00                    20061001             864.37
       1055                   360                                  357                        188,910.00                    20060901           1,784.78
       1056                   360                                  357                        177,500.00                    20060901           1,466.69
       1057                   360                                  357                        314,100.00                    20060901           2,710.15
       1058                   360                                  357                        400,000.00                    20060901           2,932.28
       1059                   360                                  357                        382,500.00                    20060901           2,906.37
       1060                   360                                  357                        624,000.00                    20060901           4,628.00
       1061                   360                                  357                        375,000.00                    20060901           2,607.42
       1062                   360                                  358                        147,000.00                    20061001           1,042.99
       1063                   360                                  357                        544,000.00                    20060901           3,146.22
       1064                   360                                  357                        280,000.00                    20060901           2,263.03
       1065                   360                                  357                        398,000.00                    20060901           3,102.69
       1066                   360                                  357                        254,000.00                    20060901           1,862.00
       1067                   360                                  357                        149,150.00                    20060901           1,372.67
       1068                   360                                  357                        316,000.00                    20060901           2,079.51
       1069                   360                                  357                        360,000.00                    20060901           2,107.50
       1070                   360                                  358                        130,500.00                    20061001           1,149.27
       1071                   360                                  357                        148,000.00                    20060901           1,101.49
       1072                   360                                  358                         99,900.00                    20061001             850.97
       1073                   360                                  358                        144,000.00                    20061001           1,172.10
       1074                   360                                  358                         91,000.00                    20061001             755.24
       1075                   360                                  357                        335,106.00                    20060901           2,229.47
       1076                   360                                  357                        166,210.00                    20060901           1,150.81
       1077                   360                                  358                        315,000.00                    20061001           2,776.00
       1078                   360                                  357                        261,800.00                    20060901           2,804.25
       1079                   360                                  357                        240,000.00                    20060901           1,811.49
       1080                   360                                  357                        446,500.00                    20060901           3,385.85
       1081                   360                                  358                        351,000.00                    20061001           3,015.64
       1082                   180                                  177                        264,000.00                    20060901           2,462.34
       1083                   360                                  357                        416,000.00                    20060901           2,392.00
       1084                   360                                  357                        247,500.00                    20060901           2,282.51
       1085                   360                                  357                        355,360.00                    20060901           2,376.17
       1086                   360                                  357                        319,500.00                    20060901           2,389.08
       1087                   360                                  358                        160,000.00                    20061001           1,190.80
       1088                   360                                  358                         65,000.00                    20061001             523.01
       1089                   360                                  357                        308,750.00                    20060901           2,439.98
       1090                   360                                  357                        400,000.00                    20060901           2,573.36
       1091                   360                                  357                        416,500.00                    20060901           2,864.77
       1092                   360                                  357                        255,200.00                    20060901           2,127.27
       1093                   360                                  357                        417,000.00                    20060901           3,118.14
       1094                   360                                  357                        373,500.00                    20060901           2,447.40
       1095                   360                                  357                        310,000.00                    20060901           2,361.70
       1096                   360                                  358                        328,700.00                    20061001           2,668.48
       1097                   360                                  358                        132,000.00                    20061001             742.50
       1098                   360                                  357                        243,600.00                    20060901           1,864.45
       1099                   360                                  358                        391,500.00                    20061001           3,147.29
       1100                   360                                  357                        300,000.00                    20060901           2,108.49
       1101                   360                                  358                        252,000.00                    20061001           2,183.60
       1102                   360                                  357                        228,000.00                    20060901           1,358.50
       1103                   360                                  358                        296,000.00                    20061001           2,577.54
       1104                   360                                  357                        280,480.00                    20060901           2,181.55
       1105                   360                                  357                        750,000.00                    20060901           4,740.52
       1106                   360                                  358                         50,000.00                    20061001             512.39
       1107                   360                                  357                         90,800.00                    20060901             743.71
       1108                   360                                  357                        396,000.00                    20060901           2,491.50
       1109                   360                                  357                        475,000.00                    20060901           3,663.97
       1110                   360                                  357                      1,190,000.00                    20060901           7,997.19
       1111                   360                                  357                        270,000.00                    20060901           2,409.45
       1112                   360                                  357                        436,000.00                    20060901           2,662.07
       1113                   360                                  357                        266,000.00                    20060901           2,237.86
       1114                   360                                  357                        205,440.00                    20060901           1,879.25
       1115                   360                                  357                        412,500.00                    20060901           3,012.42
       1116                   360                                  358                        342,000.00                    20061001           2,344.66
       1117                   360                                  358                        562,500.00                    20061001           3,386.72
       1118                   360                                  357                        319,200.00                    20060901           2,077.02
       1119                   360                                  357                        409,500.00                    20060901           3,606.31
       1120                   360                                  357                        600,000.00                    20060901           4,037.40
       1121                   360                                  357                        335,920.00                    20060901           2,085.51
       1122                   360                                  357                        122,400.00                    20060901           1,011.40
       1123                   360                                  357                        342,000.00                    20060901           2,052.00
       1124                   360                                  357                        368,000.00                    20060901           2,598.36
       1125                   360                                  357                        265,500.00                    20060901           2,379.15
       1126                   360                                  357                        385,200.00                    20060901           3,155.00
       1127                   360                                  357                        362,293.00                    20060901           2,608.05
       1128                   360                                  357                        345,656.00                    20060901           2,346.28
       1129                   360                                  357                        344,000.00                    20060901           2,464.46
       1130                   360                                  358                        325,850.00                    20061001           2,944.20
       1131                   360                                  357                        299,700.00                    20060901           2,707.93
       1132                   360                                  357                        348,000.00                    20060901           2,862.92
       1133                   360                                  357                        209,000.00                    20060901           1,872.86
       1134                   360                                  357                        394,250.00                    20060901           2,890.12
       1135                   360                                  357                        203,200.00                    20060901           1,420.81
       1136                   360                                  357                        205,000.00                    20060901           1,532.90
       1137                   360                                  357                        380,000.00                    20060901           2,224.74
       1138                   360                                  357                        975,000.00                    20060901           6,784.00
       1139                   360                                  357                        405,000.00                    20060901           2,489.06
       1140                   360                                  358                        513,000.00                    20061001           4,075.96
       1141                   360                                  357                        340,000.00                    20060901           3,135.57
       1142                   360                                  358                        787,500.00                    20061001           5,778.40
       1143                   360                                  357                        405,000.00                    20060901           2,696.63
       1144                   360                                  357                        325,000.00                    20060901           2,043.55
       1145                   360                                  357                        185,600.00                    20060901           1,473.40
       1146                   360                                  357                        116,000.00                    20060901             900.18
       1147                   360                                  358                         70,550.00                    20061001             655.93
       1148                   360                                  357                         66,500.00                    20060901             643.37
       1149                   360                                  357                        404,700.00                    20060901           3,491.87
       1150                   360                                  357                        261,100.00                    20060901           1,735.36
       1151                   360                                  357                        234,000.00                    20060901           1,799.26
       1152                   360                                  357                        750,400.00                    20060901           5,093.63
       1153                   360                                  357                        410,000.00                    20060901           2,429.65
       1154                   360                                  357                        631,750.00                    20060901           4,569.67
       1155                   360                                  357                        341,700.00                    20060901           2,504.90
       1156                   360                                  357                        576,000.00                    20060901           3,621.36
       1157                   360                                  357                        166,500.00                    20060901           1,560.51
       1158                   360                                  357                        882,000.00                    20060901           5,475.75
       1159                   360                                  358                        103,000.00                    20061001             791.99
       1160                   360                                  357                        205,800.00                    20060901           1,474.38
       1161                   360                                  357                        195,000.00                    20060901           1,380.20
       1162                   360                                  357                        385,220.00                    20060901           2,423.68
       1163                   360                                  358                        342,000.00                    20061001           1,952.25
       1164                   360                                  357                        225,000.00                    20060901           1,573.24
       1165                   360                                  357                        200,000.00                    20060901           1,537.83
       1166                   360                                  357                        242,100.00                    20060901           1,982.94
       1167                   360                                  357                        234,000.00                    20060901           2,044.88
       1168                   360                                  357                        192,000.00                    20060901           1,214.13
       1169                   360                                  357                        324,900.00                    20060901           1,908.79
       1170                   360                                  357                        252,000.00                    20060901           1,844.70
       1171                   360                                  357                        118,350.00                    20060901           1,029.88
       1172                   360                                  357                        158,400.00                    20060901           1,314.62
       1173                   360                                  357                         70,000.00                    20060901             578.42
       1174                   360                                  358                        276,000.00                    20061001           2,396.65
       1175                   360                                  357                        400,500.00                    20060901           2,869.24
       1176                   360                                  357                        297,500.00                    20060901           2,009.34
       1177                   360                                  358                        107,910.00                    20061001             825.92
       1178                   360                                  357                        397,800.00                    20060901           2,659.95
       1179                   360                                  357                        422,100.00                    20060901           3,174.92
       1180                   360                                  357                        187,500.00                    20060901           1,792.70
       1181                   360                                  357                        389,500.00                    20060901           3,834.92
       1182                   360                                  357                        224,200.00                    20060901           2,034.11
       1183                   360                                  358                        271,600.00                    20061001           1,770.63
       1184                   360                                  357                        216,000.00                    20060901           1,493.78
       1185                   360                                  358                        394,000.00                    20061001           2,462.50
       1186                   360                                  357                        284,000.00                    20060901           1,763.17
       1187                   360                                  357                         54,000.00                    20060901             514.26
       1188                   360                                  357                        251,200.00                    20060901           1,756.43
       1189                   360                                  357                        182,400.00                    20060901           1,200.33
       1190                   360                                  357                        680,000.00                    20060901           3,827.13
       1191                   360                                  357                        239,400.00                    20060901           1,986.86
       1192                   360                                  358                        307,000.00                    20061001           1,885.54
       1193                   360                                  357                        384,000.00                    20060901           2,344.58
       1194                   360                                  357                        324,800.00                    20060901           2,301.82
       1195                   360                                  357                        403,000.00                    20060901           2,652.03
       1196                   360                                  357                        243,920.00                    20060901           1,705.17
       1197                   360                                  357                        668,000.00                    20060901           3,896.67
       1198                   360                                  357                        385,000.00                    20060901           2,676.96
       1199                   360                                  357                        375,000.00                    20060901           2,187.50
       1200                   360                                  357                        394,000.00                    20060901           2,462.50
       1201                   360                                  357                        388,000.00                    20060901           2,654.23
       1202                   360                                  357                        386,750.00                    20060901           2,878.38
       1203                   360                                  357                        248,000.00                    20060901           2,287.12
       1204                   360                                  357                        803,250.00                    20060901           5,736.33
       1205                   360                                  357                        166,500.00                    20060901           1,430.50
       1206                   360                                  357                        378,000.00                    20060901           3,041.48
       1207                   360                                  357                         63,000.00                    20060901             602.35
       1208                   360                                  357                        260,000.00                    20060901           1,613.84
       1209                   360                                  358                        102,680.00                    20061001             908.69
       1210                   360                                  357                         58,500.00                    20060901             511.22
       1211                   360                                  357                         28,800.00                    20060901             286.31
       1212                   360                                  357                        414,000.00                    20060901           2,587.50
       1213                   360                                  357                        671,250.00                    20060901           4,442.13
       1214                   360                                  357                        520,000.00                    20060901           3,772.59
       1215                   360                                  357                        760,000.00                    20060901           5,858.34
       1216                   360                                  357                        484,000.00                    20060901           3,434.05
       1217                   360                                  357                        416,000.00                    20060901           2,249.24
       1218                   360                                  357                        323,000.00                    20060901           2,751.38
       1219                   360                                  357                        598,500.00                    20060901           3,890.25
       1220                   360                                  357                        360,000.00                    20060901           3,360.54
       1221                   360                                  357                        249,999.00                    20060901           1,773.78
       1222                   360                                  358                        202,800.00                    20061001           1,537.85
       1223                   360                                  357                        333,450.00                    20060901           2,923.80
       1224                   360                                  357                        322,500.00                    20060901           2,310.43
       1225                   360                                  357                        400,000.00                    20060901           3,146.81
       1226                   360                                  357                        389,500.00                    20060901           3,414.79
       1227                   360                                  357                        420,000.00                    20060901           3,031.17
       1228                   360                                  357                        340,000.00                    20060901           2,027.56
       1229                   360                                  357                        921,000.00                    20060901           5,640.84
       1230                   360                                  357                        243,200.00                    20060901           1,601.07
       1231                   360                                  357                        384,000.00                    20060901           2,432.00
       1232                   360                                  357                        355,000.00                    20060901           2,385.72
       1233                   360                                  357                        372,000.00                    20060901           2,325.25
       1234                   360                                  358                         70,000.00                    20061001             550.70
       1235                   360                                  357                        207,000.00                    20060901           1,584.33
       1236                   360                                  358                        600,000.00                    20061001           3,125.00
       1237                   360                                  358                        283,500.00                    20061001           2,250.58
       1238                   360                                  357                        516,000.00                    20060901           3,113.33
       1239                   360                                  357                        440,000.00                    20060901           3,091.63
       1240                   360                                  357                        248,000.00                    20060901           1,777.34
       1241                   360                                  357                        325,160.00                    20060901           2,322.10
       1242                   360                                  357                        204,000.00                    20060901           1,850.84
       1243                   360                                  357                        303,750.00                    20060901           2,250.03
       1244                   360                                  357                        266,000.00                    20060901           2,493.07
       1245                   360                                  357                        355,500.00                    20060901           2,274.04
       1246                   360                                  357                        313,500.00                    20060901           1,985.50
       1247                   360                                  357                        243,920.00                    20060901           1,975.91
       1248                   360                                  357                        864,000.00                    20060901           5,291.74
       1249                   360                                  357                        279,000.00                    20060901           1,690.73
       1250                   360                                  357                        412,500.00                    20060901           2,499.73
       1251                   360                                  357                        650,000.00                    20060901           3,938.97
       1252                   360                                  357                         64,490.00                    20060901             688.28
       1253                   360                                  357                        176,000.00                    20060901           1,171.87
       1254                   360                                  357                        171,000.00                    20060901           1,363.62
       1255                   360                                  357                        229,500.00                    20060901           1,929.77
       1256                   360                                  357                         90,500.00                    20060901             838.01
       1257                   360                                  358                        360,000.00                    20061001           2,541.87
       1258                   360                                  357                        391,000.00                    20060901           2,704.42
       1259                   360                                  358                        190,800.00                    20061001           1,528.37
       1260                   360                                  357                        320,000.00                    20060901           2,325.78
       1261                   360                                  357                        256,500.00                    20060901           2,232.04
       1262                   360                                  357                        380,800.00                    20060901           2,597.73
       1263                   360                                  357                        405,000.00                    20060901           2,950.60
       1264                   360                                  358                        400,000.00                    20061001           2,528.28
       1265                   360                                  358                        117,825.00                    20061001             904.89
       1266                   360                                  357                        322,500.00                    20060901           2,254.97
       1267                   360                                  357                        508,250.00                    20060901           3,070.68
       1268                   360                                  357                        368,000.00                    20060901           2,421.71
       1269                   360                                  357                        279,650.00                    20060901           1,712.86
       1270                   360                                  358                        137,000.00                    20061001           1,248.08
       1271                   360                                  357                        391,000.00                    20060901           2,978.79
       1272                   360                                  357                        226,000.00                    20060901           1,520.76
       1273                   360                                  357                        216,000.00                    20060901           1,481.65
       1274                   360                                  357                        408,000.00                    20060901           3,400.96
       1275                   360                                  358                         76,950.00                    20061001             594.41
       1276                   360                                  357                        247,490.00                    20060901           2,338.23
       1277                   360                                  357                        416,000.00                    20060901           3,081.52
       1278                   360                                  357                        145,952.00                    20060901           1,045.62
       1279                   360                                  357                        290,070.00                    20060901           2,313.13
       1280                   360                                  357                        290,000.00                    20060901           2,772.70
       1281                   360                                  358                        404,250.00                    20061001           2,931.10
       1282                   360                                  357                        117,000.00                    20060901             958.30
       1283                   360                                  357                        240,000.00                    20060901           1,811.49
       1284                   360                                  357                        386,400.00                    20060901           1,996.40
       1285                   360                                  357                        468,000.00                    20060901           2,904.90
       1286                   360                                  357                        540,000.00                    20060901           3,613.59
       1287                   360                                  357                        265,000.00                    20060901           1,842.58
       1288                   360                                  357                        267,750.00                    20060901           1,791.74
       1289                   360                                  357                        632,000.00                    20060901           3,555.00
       1290                   360                                  357                        250,000.00                    20060901           1,514.99
       1291                   360                                  357                        188,500.00                    20060901           1,917.20
       1292                   360                                  357                        178,400.00                    20060901           1,493.59
       1293                   360                                  357                        328,000.00                    20060901           2,315.93
       1294                   360                                  357                        479,200.00                    20060901           3,134.77
       1295                   360                                  357                        524,000.00                    20060901           3,049.15
       1296                   360                                  357                        616,000.00                    20060901           5,045.38
       1297                   360                                  357                        323,000.00                    20060901           2,930.49
       1298                   360                                  357                        327,250.00                    20060901           2,470.04
       1299                   360                                  357                         98,910.00                    20060901             817.30
       1300                   360                                  358                        358,296.00                    20061001           2,437.66
       1301                   360                                  357                        319,500.00                    20060901           2,102.54
       1302                   360                                  358                        158,400.00                    20061001           1,331.92
       1303                   360                                  358                        163,795.00                    20061001           1,128.51
       1304                   360                                  357                        332,500.00                    20060901           2,765.57
       1305                   360                                  357                        180,500.00                    20060901           1,504.60
       1306                   360                                  357                        335,200.00                    20060901           2,457.25
       1307                   360                                  357                        395,000.00                    20060901           2,708.01
       1308                   360                                  356                         47,340.00                    20060801             523.68
       1309                   360                                  357                        126,000.00                    20060901           1,068.69
       1310                   360                                  357                        190,800.00                    20060901           1,618.29
       1311                   360                                  357                        199,000.00                    20060901           1,509.04
       1312                   360                                  357                        255,500.00                    20060901           1,830.44
       1313                   360                                  357                        375,000.00                    20060901           2,790.94
       1314                   360                                  357                        380,000.00                    20060901           2,620.83
       1315                   360                                  357                        212,000.00                    20060901           1,577.81
       1316                   360                                  357                        520,000.00                    20060901           3,510.00
       1317                   360                                  358                        350,000.00                    20061001           3,479.38
       1318                   360                                  357                        360,000.00                    20060901           2,237.16
       1319                   360                                  357                        340,000.00                    20060901           2,797.10
       1320                   360                                  357                        360,000.00                    20060901           2,476.15
       1321                   360                                  357                        300,000.00                    20060901           1,817.99
       1322                   360                                  357                        320,000.00                    20060901           2,240.00
       1323                   360                                  357                        228,800.00                    20060901           1,816.34
       1324                   360                                  357                         89,100.00                    20060901             831.74
       1325                   360                                  357                        114,950.00                    20060901             966.57
       1326                   360                                  358                        219,200.00                    20061001           1,590.29
       1327                   360                                  357                        372,000.00                    20060901           2,755.59
       1328                   360                                  357                        214,200.00                    20060901           2,203.29
       1329                   360                                  357                        264,000.00                    20060901           1,604.10
       1330                   360                                  356                         51,960.00                    20060801             546.50
       1331                   360                                  357                         57,880.00                    20060901             608.77
       1332                   360                                  358                        849,900.00                    20061001           5,512.44
       1333                   360                                  357                        559,800.00                    20060901           3,975.72
       1334                   360                                  357                        805,000.00                    20060901           4,964.17
       1335                   360                                  357                        231,520.00                    20060901           1,875.46
       1336                   360                                  357                        570,000.00                    20060901           4,617.36
       1337                   360                                  357                        288,000.00                    20060901           2,024.15
       1338                   360                                  357                        296,000.00                    20060901           1,924.00
       1339                   360                                  357                        278,000.00                    20060901           1,757.15
       1340                   360                                  357                        391,000.00                    20060901           2,178.66
       1341                   360                                  356                        357,300.00                    20060801           3,135.57
       1342                   360                                  358                        256,000.00                    20061001           1,860.63
       1343                   360                                  357                        639,200.00                    20060901           4,074.90
       1344                   360                                  357                        410,400.00                    20060901           3,078.00
       1345                   360                                  357                        357,000.00                    20060901           2,689.06
       1346                   360                                  356                        405,000.00                    20060801           2,355.63
       1347                   360                                  357                        298,000.00                    20060901           1,883.57
       1348                   360                                  357                        378,000.00                    20060901           2,734.21
       1349                   360                                  358                        573,750.00                    20061001           4,310.40
       1350                   360                                  358                        359,100.00                    20061001           2,886.82
       1351                   360                                  357                        412,000.00                    20060901           3,095.22
       1352                   360                                  356                        435,200.00                    20060801           2,704.47
       1353                   360                                  357                        409,500.00                    20060901           2,541.79
       1354                   360                                  357                        300,000.00                    20060901           2,016.10
       1355                   360                                  357                         80,955.00                    20060901             716.43
       1356                   360                                  357                        485,000.00                    20060901           2,892.25
       1357                   360                                  357                        414,999.00                    20060901           3,016.24
       1358                   360                                  358                        354,500.00                    20061001           2,801.53
       1359                   360                                  357                        300,000.00                    20060901           2,413.87
       1360                   360                                  357                        264,800.00                    20060901           2,207.29
       1361                   360                                  357                        361,500.00                    20060901           2,190.68
       1362                   360                                  358                        176,800.00                    20061001           1,229.32
       1363                   360                                  357                        650,000.00                    20060901           4,390.15
       1364                   360                                  357                        227,500.00                    20060901           1,363.98
       1365                   360                                  357                        346,500.00                    20060901           2,050.13
       1366                   360                                  357                        403,750.00                    20060901           2,836.92
       1367                   360                                  357                        381,600.00                    20060901           2,368.62
       1368                   360                                  358                        399,500.00                    20061001           2,498.90
       1369                   360                                  357                        342,000.00                    20060901           2,507.19
       1370                   360                                  357                        415,000.00                    20060901           2,488.14
       1371                   360                                  357                        211,495.00                    20060901           1,399.99
       1372                   360                                  358                        300,000.00                    20061001           1,995.91
       1373                   360                                  357                        261,250.00                    20060901           2,487.95
       1374                   360                                  357                        364,000.00                    20060901           2,593.50
       1375                   360                                  357                        415,000.00                    20060901           2,578.94
       1376                   360                                  357                        343,000.00                    20060901           2,056.46
       1377                   360                                  357                        190,000.00                    20060901           1,125.94
       1378                   360                                  357                        303,000.00                    20060901           2,212.76
       1379                   360                                  357                        263,200.00                    20060901           1,699.84
       1380                   360                                  357                        221,250.00                    20060901           1,804.16
       1381                   360                                  357                        204,513.00                    20060901           1,623.54
       1382                   360                                  357                        152,000.00                    20060901           1,311.50
       1383                   360                                  357                        136,500.00                    20060901           1,015.90
       1384                   360                                  357                        380,000.00                    20060901           2,742.49
       1385                   360                                  357                        476,000.00                    20060901           3,453.37
       1386                   360                                  357                        100,000.00                    20060901             636.02
       1387                   360                                  357                        440,000.00                    20060901           2,985.33
       1388                   360                                  357                        331,960.00                    20060901           1,590.65
       1389                   360                                  358                         63,000.00                    20061001             468.88
       1390                   360                                  357                        262,400.00                    20060901           1,923.57
       1391                   360                                  356                         59,000.00                    20060801             638.86
       1392                   360                                  357                        372,000.00                    20060901           2,448.03
       1393                   360                                  357                        351,200.00                    20060901           2,737.85
       1394                   360                                  357                        308,000.00                    20060901           2,456.11
       1395                   360                                  357                        640,000.00                    20060901           4,693.34
       1396                   240                                  237                        238,493.00                    20060901           2,223.07
       1397                   360                                  358                        274,400.00                    20061001           2,387.81
       1398                   360                                  358                        360,000.00                    20061001           2,591.54
       1399                   360                                  357                        248,000.00                    20060901           1,632.02
       1400                   360                                  357                        618,000.00                    20060901           4,215.85
       1401                   360                                  357                        410,000.00                    20060901           2,591.48
       1402                   360                                  357                        387,000.00                    20060901           3,439.18
       1403                   360                                  358                        376,000.00                    20061001           2,745.87
       1404                   360                                  357                        840,000.00                    20060901           6,254.02
       1405                   360                                  357                        371,000.00                    20060901           3,365.98
       1406                   360                                  357                        436,500.00                    20060901           2,546.25
       1407                   360                                  357                        305,600.00                    20060901           1,899.10
       1408                   360                                  357                        463,500.00                    20060901           2,645.82
       1409                   360                                  357                        292,500.00                    20060901           2,343.01
       1410                   360                                  357                        622,250.00                    20060901           4,095.40
       1411                   360                                  357                        412,000.00                    20060901           2,350.82
       1412                   360                                  357                        252,450.00                    20060901           2,122.74
       1413                   360                                  357                        195,000.00                    20060901           1,499.39
       1414                   360                                  356                        116,000.00                    20060801           1,265.09
       1415                   360                                  357                        370,000.00                    20060901           2,797.20
       1416                   360                                  357                        228,000.00                    20060901           1,539.93
       1417                   360                                  357                        997,500.00                    20060901           7,111.78
       1418                   360                                  357                         86,000.00                    20060901             579.40
       1419                   360                                  357                        775,000.00                    20060901           5,525.45
       1420                   240                                  237                        174,000.00                    20060901           1,292.19
       1421                   360                                  356                        287,000.00                    20060801           1,720.72
       1422                   360                                  357                        315,998.00                    20060901           2,866.96
       1423                   360                                  357                        314,900.00                    20060901           2,410.16
       1424                   360                                  357                        417,000.00                    20060901           2,622.03
       1425                   360                                  356                         74,500.00                    20060801             809.59
       1426                   360                                  357                        800,000.00                    20060901           4,951.79
       1427                   360                                  358                        283,500.00                    20061001           2,425.30
       1428                   360                                  357                        312,000.00                    20060901           1,860.58
       1429                   360                                  358                        109,600.00                    20061001             745.67
       1430                   360                                  357                        337,250.00                    20060901           2,392.84
       1431                   360                                  357                        400,000.00                    20060901           3,005.07
       1432                   360                                  356                      1,000,000.00                    20060801           5,995.51
       1433                   360                                  357                        403,000.00                    20060901           2,442.16
       1434                   360                                  357                        213,750.00                    20060901           1,246.88
       1435                   360                                  358                         99,000.00                    20061001             816.25
       1436                   360                                  357                        263,500.00                    20060901           2,063.56
       1437                   360                                  357                        183,822.00                    20060901           1,222.98
       1438                   360                                  358                        320,250.00                    20061001           2,727.96
       1439                   240                                  237                        253,600.00                    20060901           2,445.62
       1440                   360                                  356                        625,500.00                    20060801           4,665.19
       1441                   360                                  357                        252,450.00                    20060901           2,022.20
       1442                   360                                  357                        397,000.00                    20060901           2,861.19
       1443                   360                                  357                        386,750.00                    20060901           2,616.83
       1444                   360                                  356                        395,100.00                    20060801           2,368.83
       1445                   360                                  356                        400,000.00                    20060801           2,398.21
       1446                   360                                  357                        297,000.00                    20060901           2,304.76
       1447                   360                                  357                        280,000.00                    20060901           1,913.34
       1448                   360                                  357                        521,600.00                    20060901           3,622.84
       1449                   360                                  357                        188,000.00                    20060901           1,691.67
       1450                   360                                  356                        178,500.00                    20060801           1,527.05
       1451                   360                                  357                        133,000.00                    20060901           1,069.20
       1452                   360                                  357                        330,000.00                    20060901           2,074.74
       1453                   360                                  357                        304,000.00                    20060901           2,474.42
       1454                   360                                  357                        399,950.00                    20060901           3,117.89
       1455                   360                                  357                        155,465.00                    20060901           1,358.58
       1456                   360                                  357                        321,000.00                    20060901           2,321.91
       1457                   360                                  357                        360,000.00                    20060901           2,922.59
       1458                   360                                  357                        322,000.00                    20060901           3,005.81
       1459                   360                                  357                        750,000.00                    20060901           6,306.41
       1460                   360                                  356                        661,000.00                    20060801           5,022.50
       1461                   360                                  357                        103,920.00                    20060901             862.47
       1462                   360                                  357                        674,500.00                    20060901           4,601.28
       1463                   360                                  356                         62,000.00                    20060801             685.85
       1464                   360                                  357                        127,500.00                    20060901             742.69
       1465                   360                                  356                        356,000.00                    20060801           2,210.17
       1466                   360                                  357                        525,600.00                    20060901           4,115.08
       1467                   360                                  357                        861,250.00                    20060901           5,135.98
       1468                   360                                  356                         46,400.00                    20060801             511.47
       1469                   360                                  357                        359,992.00                    20060901           2,893.99
       1470                   360                                  356                         47,000.00                    20060801             518.08
       1471                   360                                  358                        247,500.00                    20061001           2,208.66
       1472                   360                                  357                        215,000.00                    20060901           1,876.44
       1473                   360                                  357                        306,000.00                    20060901           2,573.02
       1474                   360                                  357                        400,000.00                    20060901           2,629.33
       1475                   360                                  358                        381,960.00                    20061001           2,836.05
       1476                   360                                  357                        164,800.00                    20060901           1,229.14
       1477                   360                                  357                        423,000.00                    20060901           2,862.11
       1478                   360                                  356                         76,000.00                    20060801             831.82
       1479                   360                                  357                         70,000.00                    20060901             653.44
       1480                   360                                  356                         97,000.00                    20060801           1,061.66
       1481                   360                                  356                         79,000.00                    20060801             722.65
       1482                   360                                  356                         47,800.00                    20060801             512.01
       1483                   360                                  357                        371,000.00                    20060901           2,346.05
       1484                   360                                  357                        395,250.00                    20060901           3,039.14
       1485                   360                                  357                        276,000.00                    20060901           1,901.57
       1486                   360                                  358                        549,000.00                    20061001           3,411.66
       1487                   360                                  357                        275,500.00                    20060901           2,387.23
       1488                   360                                  356                        152,000.00                    20060801           1,300.34
       1489                   360                                  357                        306,320.00                    20060901           2,245.54
       1490                   360                                  357                        336,000.00                    20060901           2,212.90
       1491                   360                                  357                         88,350.00                    20060901             742.90
       1492                   360                                  357                        416,000.00                    20060901           3,183.96
       1493                   360                                  355                        535,000.00                    20060701           3,649.65
       1494                   360                                  356                         56,666.00                    20060801             626.84
       1495                   360                                  356                        382,500.00                    20060801           2,573.84
       1496                   360                                  357                        359,975.00                    20060901           2,638.86
       1497                   360                                  355                         70,400.00                    20060701             770.52
       1498                   360                                  357                        198,400.00                    20060901           1,525.53
       1499                   360                                  357                        204,000.00                    20060901           1,395.53
       1500                   360                                  357                        440,000.00                    20060901           4,140.43
       1501                   360                                  355                        100,000.00                    20060701           1,102.30
       1502                   360                                  355                        210,429.00                    20060701           1,923.31
       1503                   360                                  356                         96,000.00                    20060801           1,058.21
       1504                   360                                  356                         39,400.00                    20060801             429.70
       1505                   360                                  357                        421,000.00                    20060901           2,619.62
       1506                   360                                  355                         88,000.00                    20060701             973.46
       1507                   360                                  357                        122,500.00                    20060901           1,339.51
       1508                   360                                  357                        999,000.00                    20060901           6,021.67
       1509                   360                                  355                        367,650.00                    20060701           2,205.90
       1510                   360                                  356                        349,503.00                    20060801           2,809.67
       1511                   360                                  357                        280,000.00                    20060901           1,960.00
       1512                   360                                  356                        369,075.00                    20060801           2,961.05
       1513                   360                                  356                        313,600.00                    20060801           2,775.97
       1514                   360                                  355                        175,000.00                    20060701           1,908.54
       1515                   360                                  355                        204,000.00                    20060701           1,416.91
       1516                   360                                  355                         89,000.00                    20060701             970.63
       1517                   360                                  356                         49,600.00                    20060801             481.75
       1518                   360                                  355                        337,500.00                    20060701           2,713.18
       1519                   360                                  355                         47,400.00                    20060701             518.79
       1520                   360                                  355                        259,350.00                    20060701           2,314.41
       1521                   360                                  356                         90,800.00                    20060801             990.26
       1522                   360                                  355                        249,850.00                    20060701           2,502.88
       1523                   360                                  354                         34,400.00                    20060601             379.19
       1524                   360                                  355                        178,400.00                    20060701           1,371.75
       1525                   360                                  354                         69,200.00                    20060601             599.63
       1526                   360                                  354                        264,000.00                    20060601           1,854.98
       1527                   360                                  354                        380,000.00                    20060601           3,451.91
       1528                   360                                  354                        375,250.00                    20060601           2,965.51
       1529                   360                                  353                        118,400.00                    20060501             729.01
       1530                   360                                  358                        143,650.00                    20061001           1,284.59
       1531                   360                                  358                         76,500.00                    20061001             665.70
       1532                   360                                  358                        272,000.00                    20061001           2,287.13
       1533                   360                                  358                        229,500.00                    20061001           2,073.64
       1534                   360                                  358                        195,000.00                    20061001           1,429.54
       1535                   360                                  358                        355,500.00                    20061001           2,852.14
       1536                   360                                  358                        346,500.00                    20061001           2,593.02
       1537                   360                                  358                        297,000.00                    20061001           2,121.00
       1538                   360                                  358                        159,600.00                    20061001           1,292.86
       1539                   360                                  358                         60,750.00                    20061001             488.38
       1540                   360                                  358                        172,800.00                    20061001           1,607.22
       1541                   360                                  358                        261,000.00                    20061001           1,669.55
       1542                   360                                  358                        153,000.00                    20061001           1,109.36
       1543                   360                                  358                        396,000.00                    20061001           2,978.60
       1544                   360                                  358                        157,000.00                    20061001           1,185.02
       1545                   360                                  358                        158,000.00                    20061001           1,220.49
       1546                   360                                  358                        318,155.00                    20061001           2,721.77
       1547                   360                                  358                        248,400.00                    20061001           1,874.89
       1548                   360                                  358                        129,600.00                    20061001           1,092.12
       1549                   360                                  358                        240,000.00                    20061001           1,704.88
       1550                   360                                  358                         63,000.00                    20061001             569.24
       1551                   360                                  358                         90,090.00                    20061001             770.71
       1552                   360                                  358                        152,000.00                    20061001           1,311.50
       1553                   360                                  358                        162,000.00                    20061001           1,451.69
       1554                   360                                  358                        261,250.00                    20061001           1,915.14
       1555                   360                                  358                        215,650.00                    20061001           2,027.69
       1556                   360                                  358                        300,000.00                    20061001           1,941.04
       1557                   360                                  358                        149,150.00                    20061001           1,178.70
       1558                   360                                  358                        249,000.00                    20061001           2,291.62
       1559                   360                                  358                        199,750.00                    20061001           1,444.87
       1560                   360                                  358                        215,550.00                    20061001           1,820.33
       1561                   360                                  358                        328,051.00                    20061001           2,122.54
       1562                   360                                  357                        385,000.00                    20060901           3,421.41
       1563                   360                                  358                         56,050.00                    20061001             473.35
       1564                   360                                  358                         80,750.00                    20061001             618.04
       1565                   360                                  358                        292,500.00                    20061001           2,166.58
       1566                   360                                  358                        190,000.00                    20061001           1,392.88
       1567                   360                                  358                        119,700.00                    20061001             758.10
       1568                   360                                  358                        225,000.00                    20061001           1,732.10
       1569                   360                                  358                        237,500.00                    20061001           1,741.10
       1570                   240                                  238                         81,000.00                    20061001             755.03
       1571                   360                                  358                        351,500.00                    20061001           2,506.30
       1572                   360                                  358                        121,900.00                    20061001           1,119.63
       1573                   360                                  358                        320,515.00                    20061001           2,571.46
       1574                   360                                  358                        100,000.00                    20061001             956.11
       1575                   360                                  358                        306,000.00                    20061001           1,912.50
       1576                   360                                  358                        458,341.00                    20061001           3,394.98
       1577                   360                                  358                        216,000.00                    20061001           1,728.76
       1578                   360                                  358                         50,350.00                    20061001             494.78
       1579                   360                                  358                        234,000.00                    20061001           1,967.60
       1580                   360                                  358                        450,000.00                    20061001           2,621.25
       1581                   360                                  357                        136,705.00                    20060901           1,065.71
       1582                   360                                  358                         99,750.00                    20061001             809.80
       1583                   360                                  357                        237,000.00                    20060901           2,424.14
       1584                   360                                  358                        250,000.00                    20061001           2,122.87
       1585                   360                                  358                        144,000.00                    20061001           1,132.99
       1586                   360                                  358                        380,000.00                    20061001           2,935.35
       1587                   360                                  358                        180,405.00                    20061001           1,432.16
       1588                   360                                  358                        743,750.00                    20061001           4,757.56
       1589                   360                                  357                        262,200.00                    20060901           2,166.57
       1590                   360                                  358                        315,000.00                    20061001           2,273.38
       1591                   360                                  357                        532,000.00                    20060901           3,362.37
       1592                   360                                  358                        355,500.00                    20061001           2,295.94
       1593                   360                                  358                        299,250.00                    20061001           2,219.44
       1594                   360                                  357                        282,625.00                    20060901           2,073.81
       1595                   360                                  358                        246,810.00                    20061001           2,093.84
       1596                   360                                  358                        183,000.00                    20061001           1,279.57
       1597                   360                                  358                        362,900.00                    20061001           2,660.40
       1598                   360                                  358                        188,100.00                    20061001           1,473.45
       1599                   360                                  358                        510,300.00                    20061001           3,282.97
       1600                   360                                  358                         99,000.00                    20061001             846.94
       1601                   360                                  358                        378,000.00                    20061001           3,358.80
       1602                   360                                  357                        117,000.00                    20060901             878.99
       1603                   360                                  357                        332,500.00                    20060901           2,645.52
       1604                   360                                  357                        380,000.00                    20060901           3,376.57
       1605                   360                                  358                        255,000.00                    20061001           1,734.89
       1606                   360                                  358                        449,350.00                    20061001           3,294.04
       1607                   360                                  358                        195,300.00                    20061001           1,467.23
       1608                   360                                  358                        223,250.00                    20061001           1,756.52
       1609                   360                                  358                        132,000.00                    20061001           1,262.06
       1610                   360                                  357                        327,750.00                    20060901           2,696.32
       1611                   360                                  357                        299,250.00                    20060901           1,969.28
       1612                   360                                  358                        522,500.00                    20061001           3,970.14
       1613                   360                                  358                        660,000.00                    20061001           3,918.75
       1614                   360                                  358                        155,700.00                    20061001           1,230.46
       1615                   360                                  358                        403,750.00                    20061001           2,456.15
       1616                   360                                  357                        351,500.00                    20060901           2,955.61
       1617                   360                                  358                        162,000.00                    20061001           1,413.88
       1618                   360                                  358                        427,500.00                    20061001           2,883.70
       1619                   360                                  358                        571,500.00                    20061001           4,281.17
       1620                   360                                  358                        476,000.00                    20061001           2,954.56
       1621                   360                                  358                        489,250.00                    20061001           3,365.16
       1622                   360                                  358                        266,900.00                    20061001           1,815.85
       1623                   360                                  357                        319,200.00                    20060901           2,488.39
       1624                   360                                  357                        242,725.00                    20060901           2,023.04
       1625                   360                                  358                        332,500.00                    20061001           2,475.55
       1626                   360                                  357                        570,000.00                    20060901           4,092.15
       1627                   360                                  357                        235,800.00                    20060901           2,025.89
       1628                   360                                  358                        384,750.00                    20061001           3,319.74
       1629                   360                                  358                        102,600.00                    20061001             836.65
       1630                   360                                  357                        351,500.00                    20060901           2,727.69
       1631                   360                                  358                        468,000.00                    20061001           3,359.87
       1632                   360                                  358                        128,250.00                    20061001           1,031.93
       1633                   360                                  358                        328,000.00                    20061001           2,404.55
       1634                   360                                  358                        532,000.00                    20061001           3,859.65
       1635                   360                                  357                        441,000.00                    20060901           2,983.90
       1636                   360                                  358                        118,750.00                    20061001             976.93
       1637                   360                                  357                        270,000.00                    20060901           1,826.88
       1638                   360                                  357                        355,300.00                    20060901           2,547.87
       1639                   360                                  357                        364,800.00                    20060901           2,333.53
       1640                   360                                  357                        546,250.00                    20060901           4,256.20
       1641                   360                                  358                        292,600.00                    20061001           2,192.07
       1642                   360                                  358                        414,000.00                    20061001           2,956.54
       1643                   360                                  357                        226,100.00                    20060901           1,950.86
       1644                   360                                  357                        361,000.00                    20060901           2,415.75
       1645                   360                                  358                        156,750.00                    20061001           1,369.81
       1646                   360                                  358                        255,000.00                    20061001           2,215.49
       1647                   360                                  358                        266,000.00                    20061001           2,138.39
       1648                   360                                  358                        241,200.00                    20061001           1,826.25
       1649                   360                                  358                        285,000.00                    20061001           2,290.72
       1650                   360                                  357                        166,250.00                    20060901           1,314.48
       1651                   360                                  357                        460,000.00                    20060901           3,250.33
       1652                   360                                  358                        223,250.00                    20061001           1,922.05
       1653                   360                                  357                        166,500.00                    20060901           1,338.50
       1654                   360                                  357                        361,000.00                    20060901           2,701.53
       1655                   360                                  358                        220,500.00                    20061001           1,742.56
       1656                   360                                  358                        244,000.00                    20061001           1,516.30
       1657                   360                                  358                        199,500.00                    20061001           1,587.69
       1658                   360                                  357                        463,500.00                    20060901           2,998.91
       1659                   360                                  358                        536,000.00                    20061001           3,618.00
       1660                   360                                  358                        364,500.00                    20061001           2,712.79
       1661                   360                                  357                        481,500.00                    20060901           3,293.85
       1662                   360                                  358                        207,100.00                    20061001           2,011.49
       1663                   360                                  357                        495,000.00                    20060901           3,742.20
       1664                   360                                  358                         68,000.00                    20061001             537.39
       1665                   360                                  357                        391,568.00                    20060901           2,885.47
       1666                   360                                  357                        389,500.00                    20060901           3,001.46
       1667                   360                                  357                        456,000.00                    20060901           3,623.07
       1668                   360                                  357                        285,000.00                    20060901           2,286.53
       1669                   360                                  357                        211,000.00                    20060901           1,930.10
       1670                   360                                  358                         71,250.00                    20061001             542.81
       1671                   360                                  357                        400,900.00                    20060901           2,787.51
       1672                   360                                  357                        309,700.00                    20060901           2,503.07
       1673                   360                                  357                        538,650.00                    20060901           3,517.23
       1674                   360                                  358                        370,500.00                    20061001           3,001.28
       1675                   360                                  358                        228,000.00                    20061001           1,753.13
       1676                   360                                  358                        640,000.00                    20061001           4,696.10
       1677                   360                                  357                        356,250.00                    20060901           2,739.26
       1678                   360                                  357                        354,600.00                    20060901           2,783.12
       1679                   360                                  357                        211,500.00                    20060901           1,848.26
       1680                   360                                  358                        162,000.00                    20061001           1,391.84
       1681                   360                                  357                        262,800.00                    20060901           2,109.83
       1682                   360                                  357                        493,000.00                    20060901           3,548.97
       1683                   360                                  358                        207,000.00                    20061001           1,621.09
       1684                   360                                  358                        294,500.00                    20061001           2,192.63
       1685                   360                                  357                        232,750.00                    20060901           1,724.10
       1686                   360                                  358                        327,750.00                    20061001           2,452.71
       1687                   360                                  357                        192,600.00                    20060901           1,549.71
       1688                   360                                  357                        255,500.00                    20060901           1,650.11
       1689                   360                                  357                        170,905.00                    20060901           1,480.91
       1690                   360                                  357                        357,300.00                    20060901           2,511.20
       1691                   360                                  357                        200,970.00                    20060901           1,516.90
       1692                   360                                  358                        329,650.00                    20061001           2,128.99
       1693                   360                                  357                        289,750.00                    20060901           2,458.13
       1694                   360                                  357                        279,000.00                    20060901           1,948.30
       1695                   360                                  358                        560,500.00                    20061001           3,957.55
       1696                   360                                  357                        142,900.00                    20060901           1,339.32
       1697                   360                                  357                        499,500.00                    20060901           2,997.00
       1698                   360                                  357                        237,500.00                    20060901           1,909.28
       1699                   360                                  357                        275,000.00                    20060901           1,951.17
       1700                   360                                  357                        232,750.00                    20060901           1,531.66
       1701                   360                                  358                        209,950.00                    20061001           1,662.11
       1702                   360                                  358                        308,750.00                    20061001           2,517.67
       1703                   360                                  357                        370,500.00                    20060901           2,617.93
       1704                   360                                  357                        370,500.00                    20060901           2,576.13
       1705                   360                                  358                        272,700.00                    20061001           2,187.85
       1706                   360                                  357                        327,750.00                    20060901           2,613.61
       1707                   360                                  357                        209,000.00                    20060901           1,533.57
       1708                   360                                  358                        142,500.00                    20061001           1,213.85
       1709                   360                                  357                        679,500.00                    20060901           4,719.55
       1710                   360                                  357                        239,875.00                    20060901           1,933.81
       1711                   360                                  358                        240,000.00                    20061001           2,085.17
       1712                   360                                  358                        313,500.00                    20061001           2,268.49
       1713                   360                                  357                        541,500.00                    20060901           3,563.46
       1714                   360                                  357                        380,000.00                    20060901           2,887.37
       1715                   360                                  358                        246,600.00                    20061001           1,714.64
       1716                   360                                  357                        232,600.00                    20060901           1,496.41
       1717                   360                                  357                         85,500.00                    20060901             700.30
       1718                   360                                  357                        135,000.00                    20060901           1,014.21
       1719                   360                                  358                        297,630.00                    20061001           2,132.26
       1720                   360                                  358                        396,150.00                    20061001           3,239.91
       1721                   360                                  357                        370,500.00                    20060901           2,506.88
       1722                   360                                  357                        347,400.00                    20060901           2,679.71
       1723                   360                                  357                        142,500.00                    20060901           1,156.86
       1724                   360                                  357                        193,500.00                    20060901           1,418.54
       1725                   360                                  357                        275,490.00                    20060901           2,339.32
       1726                   360                                  357                        162,000.00                    20060901           1,361.01
       1727                   360                                  357                        332,500.00                    20060901           2,257.66
       1728                   360                                  358                        268,200.00                    20061001           1,996.08
       1729                   360                                  357                        550,000.00                    20060901           4,032.02
       1730                   360                                  357                        183,350.00                    20060901           1,568.54
       1731                   360                                  357                        294,500.00                    20060901           2,408.57
       1732                   360                                  357                        191,900.00                    20060901           1,509.68
       1733                   360                                  358                        209,950.00                    20061001           1,741.66
       1734                   360                                  357                        603,000.00                    20060901           3,793.88
       1735                   360                                  358                        205,000.00                    20061001           1,259.08
       1736                   360                                  357                        256,500.00                    20060901           2,091.61
       1737                   360                                  358                        318,250.00                    20061001           2,467.12
       1738                   360                                  357                        315,000.00                    20060901           2,321.24
       1739                   360                                  357                         95,000.00                    20060901             729.80
       1740                   360                                  357                        684,000.00                    20060901           4,417.50
       1741                   360                                  357                        315,000.00                    20060901           2,532.30
       1742                   360                                  358                         67,500.00                    20061001             582.41
       1743                   360                                  358                        337,250.00                    20061001           2,220.23
       1744                   360                                  358                        337,155.00                    20061001           2,810.09
       1745                   360                                  357                        162,000.00                    20060901           1,291.85
       1746                   360                                  357                        361,000.00                    20060901           2,550.80
       1747                   360                                  357                        667,250.00                    20060901           4,268.22
       1748                   360                                  357                        172,800.00                    20060901           1,490.97
       1749                   360                                  357                        333,000.00                    20060901           2,814.59
       1750                   360                                  357                        361,000.00                    20060901           2,743.00
       1751                   360                                  357                        558,000.00                    20060901           4,389.79
       1752                   360                                  357                        139,500.00                    20060901           1,223.19
       1753                   360                                  357                        408,000.00                    20060901           2,822.00
       1754                   360                                  358                        310,500.00                    20061001           2,531.94
       1755                   360                                  358                        156,900.00                    20061001           1,371.12
       1756                   360                                  358                        427,500.00                    20061001           3,211.67
       1757                   360                                  358                        266,000.00                    20061001           1,924.08
       1758                   360                                  357                        241,300.00                    20060901           2,001.73
       1759                   360                                  357                        337,500.00                    20060901           2,320.32
       1760                   360                                  357                        315,000.00                    20060901           2,893.22
       1761                   360                                  357                        451,250.00                    20060901           3,342.46
       1762                   360                                  357                        346,750.00                    20060901           2,903.63
       1763                   360                                  357                        226,950.00                    20060901           1,741.88
       1764                   360                                  357                        292,125.00                    20060901           2,141.56
       1765                   360                                  357                        322,050.00                    20060901           2,510.61
       1766                   360                                  357                        456,000.00                    20060901           3,395.04
       1767                   360                                  357                        230,400.00                    20060901           1,779.75
       1768                   360                                  357                        185,000.00                    20060901           1,419.91
       1769                   360                                  357                        302,100.00                    20060901           2,280.21
       1770                   360                                  357                        508,250.00                    20060901           3,282.45
       1771                   360                                  358                        546,250.00                    20061001           4,238.97
       1772                   360                                  357                        170,000.00                    20060901           1,631.81
       1773                   360                                  358                        166,500.00                    20061001           1,418.29
       1774                   360                                  357                        254,600.00                    20060901           1,686.73
       1775                   360                                  357                        130,500.00                    20060901           1,232.94
       1776                   360                                  357                        328,000.00                    20060901           2,091.00
       1777                   360                                  357                        318,250.00                    20060901           2,875.53
       1778                   360                                  357                        219,600.00                    20060901           1,711.94
       1779                   360                                  357                        301,150.00                    20060901           2,209.74
       1780                   360                                  357                        489,250.00                    20060901           3,586.67
       1781                   360                                  357                        131,000.00                    20060901           1,247.55
       1782                   360                                  357                        266,050.00                    20060901           1,692.11
       1783                   360                                  358                        259,614.00                    20061001           1,868.89
       1784                   360                                  357                        332,500.00                    20060901           2,568.43
       1785                   360                                  357                        190,000.00                    20060901           1,432.92
       1786                   360                                  357                        285,000.00                    20060901           2,427.69
       1787                   360                                  358                        208,050.00                    20061001           1,512.12
       1788                   360                                  357                        437,000.00                    20060901           3,690.49
       1789                   360                                  357                        350,100.00                    20060901           2,729.28
       1790                   360                                  357                        342,000.00                    20060901           2,288.61
       1791                   360                                  357                        396,000.00                    20060901           2,988.95
       1792                   360                                  357                        251,750.00                    20060901           2,061.98
       1793                   360                                  358                        166,250.00                    20061001           1,248.99
       1794                   360                                  358                        486,000.00                    20061001           3,234.20
       1795                   360                                  358                        351,500.00                    20061001           2,616.04
       1796                   360                                  357                        270,750.00                    20060901           2,247.05
       1797                   360                                  357                         81,000.00                    20060901             643.03
       1798                   360                                  357                        240,000.00                    20060901           2,088.46
       1799                   360                                  357                        266,000.00                    20060901           2,295.32
       1800                   360                                  357                        180,785.00                    20060901           1,566.52
       1801                   360                                  357                        427,500.00                    20060901           2,876.65
       1802                   360                                  357                        345,600.00                    20060901           2,364.19
       1803                   360                                  357                        499,000.00                    20060901           2,765.28
       1804                   360                                  357                        261,250.00                    20060901           2,254.14
       1805                   360                                  357                        279,000.00                    20060901           2,132.68
       1806                   360                                  357                        440,000.00                    20060901           3,309.56
       1807                   360                                  357                        463,250.00                    20060901           3,217.56
       1808                   360                                  357                        418,000.00                    20060901           3,061.16
       1809                   360                                  357                        441,000.00                    20060901           3,266.70
       1810                   360                                  357                        855,000.00                    20060901           7,033.88
       1811                   360                                  357                        405,000.00                    20060901           2,446.88
       1812                   360                                  357                        251,750.00                    20060901           2,265.30
       1813                   360                                  357                        128,250.00                    20060901           1,036.55
       1814                   360                                  357                        380,000.00                    20060901           2,989.47
       1815                   360                                  357                        390,000.00                    20060901           3,068.14
       1816                   360                                  357                        373,500.00                    20060901           3,011.06
       1817                   360                                  357                        237,500.00                    20060901           1,702.09
       1818                   360                                  357                        270,750.00                    20060901           1,916.36
       1819                   360                                  357                         63,000.00                    20060901             538.96
       1820                   360                                  358                        198,000.00                    20061001           1,643.27
       1821                   360                                  357                        446,500.00                    20060901           3,092.02
       1822                   360                                  357                        365,750.00                    20060901           2,272.89
       1823                   360                                  358                        274,500.00                    20061001           1,921.50
       1824                   360                                  357                        210,000.00                    20060901           1,579.56
       1825                   360                                  358                        104,400.00                    20061001             862.66
       1826                   360                                  357                        423,000.00                    20060901           2,814.95
       1827                   360                                  357                        333,450.00                    20060901           2,766.17
       1828                   360                                  357                        241,300.00                    20060901           1,898.31
       1829                   360                                  357                        242,250.00                    20060901           1,867.35
       1830                   360                                  357                        294,000.00                    20060901           1,898.75
       1831                   360                                  357                        537,300.00                    20060901           4,131.38
       1832                   360                                  357                        299,202.00                    20060901           2,227.64
       1833                   360                                  357                        299,250.00                    20060901           2,377.64
       1834                   360                                  358                        465,500.00                    20061001           3,324.32
       1835                   360                                  357                        441,750.00                    20060901           3,544.12
       1836                   360                                  357                        387,000.00                    20060901           2,734.52
       1837                   360                                  357                        121,500.00                    20060901             857.89
       1838                   360                                  357                         88,200.00                    20060901             709.68
       1839                   360                                  357                        446,500.00                    20060901           3,323.07
       1840                   360                                  357                        159,600.00                    20060901           1,289.93
       1841                   360                                  357                        327,512.00                    20060901           2,545.05
       1842                   360                                  357                        275,000.00                    20060901           2,335.16
       1843                   360                                  357                        324,900.00                    20060901           2,138.93
       1844                   360                                  357                        171,000.00                    20060901           1,589.83
       1845                   360                                  357                        438,900.00                    20060901           3,382.13
       1846                   360                                  358                        140,000.00                    20061001           1,264.97
       1847                   360                                  358                        301,500.00                    20061001           3,031.83
       1848                   360                                  357                         99,000.00                    20060901             633.28
       1849                   360                                  357                        233,700.00                    20060901           1,829.71
       1850                   360                                  357                        112,575.00                    20060901             913.92
       1851                   360                                  358                        170,100.00                    20061001           1,307.93
       1852                   360                                  357                        148,750.00                    20060901           1,261.64
       1853                   360                                  357                        201,000.00                    20060901           1,597.02
       1854                   360                                  357                        227,050.00                    20060901           1,745.82
       1855                   360                                  357                        199,800.00                    20060901           1,760.78
       1856                   360                                  357                        188,000.00                    20060901           1,335.49
       1857                   360                                  357                        303,530.00                    20060901           2,769.33
       1858                   360                                  357                        281,700.00                    20060901           1,819.32
       1859                   360                                  357                        247,000.00                    20060901           1,718.62
       1860                   360                                  357                        427,500.00                    20060901           3,036.81
       1861                   360                                  357                        475,000.00                    20060901           3,478.59
       1862                   360                                  357                        522,500.00                    20060901           3,352.71
       1863                   360                                  358                        172,500.00                    20061001           1,326.38
       1864                   360                                  357                        280,250.00                    20060901           2,159.59
       1865                   360                                  357                        310,500.00                    20060901           2,667.68
       1866                   360                                  357                        209,000.00                    20060901           1,872.86
       1867                   360                                  357                        155,800.00                    20060901           1,278.91
       1868                   360                                  357                        405,000.00                    20060901           3,157.26
       1869                   360                                  357                        298,800.00                    20060901           2,140.64
       1870                   360                                  357                        236,550.00                    20060901           1,478.44
       1871                   360                                  357                        508,500.00                    20060901           4,109.28
       1872                   360                                  357                        440,000.00                    20060901           3,116.67
       1873                   360                                  357                        241,000.00                    20060901           1,921.74
       1874                   360                                  358                        389,500.00                    20061001           3,131.21
       1875                   360                                  357                        451,250.00                    20060901           3,469.73
       1876                   360                                  357                        272,000.00                    20060901           2,096.01
       1877                   360                                  358                        261,250.00                    20061001           1,757.95
       1878                   360                                  357                        450,900.00                    20060901           3,531.15
       1879                   360                                  357                        643,500.00                    20060901           4,970.78
       1880                   360                                  357                        248,850.00                    20060901           1,824.24
       1881                   360                                  357                        198,900.00                    20060901           1,650.74
       1882                   360                                  357                        503,500.00                    20060901           3,229.51
       1883                   360                                  357                        208,250.00                    20060901           1,690.64
       1884                   360                                  357                        360,000.00                    20060901           2,652.84
       1885                   360                                  358                        356,250.00                    20061001           2,943.70
       1886                   360                                  357                        247,000.00                    20060901           1,761.02
       1887                   360                                  357                        258,300.00                    20060901           1,986.11
       1888                   360                                  357                        315,000.00                    20060901           2,422.08
       1889                   360                                  357                         51,300.00                    20060901             436.99
       1890                   360                                  357                        310,650.00                    20060901           2,488.40
       1891                   360                                  357                        266,000.00                    20060901           1,770.16
       1892                   360                                  357                        324,000.00                    20060901           2,338.33
       1893                   360                                  357                        470,000.00                    20060901           3,427.68
       1894                   360                                  357                        105,400.00                    20060901             799.26
       1895                   360                                  357                        384,300.00                    20060901           2,543.18
       1896                   360                                  357                        387,000.00                    20060901           3,286.20
       1897                   360                                  357                        441,000.00                    20060901           3,232.95
       1898                   360                                  357                        144,000.00                    20060901           1,028.36
       1899                   360                                  357                        546,250.00                    20060901           4,533.51
       1900                   360                                  357                        193,320.00                    20060901           1,548.55
       1901                   360                                  357                        139,500.00                    20060901           1,102.44
       1902                   360                                  357                        295,000.00                    20060901           2,698.49
       1903                   360                                  357                        323,000.00                    20060901           2,591.40
       1904                   360                                  357                        288,000.00                    20060901           2,214.48
       1905                   360                                  357                        331,711.00                    20060901           2,495.04
       1906                   360                                  358                        470,250.00                    20061001           3,868.64
       1907                   360                                  357                        312,550.00                    20060901           2,714.03
       1908                   360                                  357                        370,500.00                    20060901           2,914.73
       1909                   360                                  357                        498,750.00                    20060901           3,117.19
       1910                   360                                  357                        356,250.00                    20060901           2,544.12
       1911                   360                                  357                        155,800.00                    20060901           1,366.11
       1912                   360                                  357                        108,000.00                    20060901             834.26
       1913                   360                                  357                        373,500.00                    20060901           3,001.78
       1914                   360                                  357                        585,000.00                    20060901           3,631.13
       1915                   360                                  357                        184,300.00                    20060901           1,456.48
       1916                   360                                  357                        163,800.00                    20060901           1,117.41
       1917                   360                                  357                        495,000.00                    20060901           3,438.08
       1918                   360                                  357                        298,800.00                    20060901           2,677.56
       1919                   360                                  357                        364,500.00                    20060901           2,531.68
       1920                   360                                  357                        116,100.00                    20060901             946.73
       1921                   360                                  357                        498,750.00                    20060901           3,524.13
       1922                   360                                  358                        235,000.00                    20061001           2,294.33
       1923                   360                                  357                        234,000.00                    20060901           1,609.50
       1924                   360                                  357                        420,000.00                    20060901           3,031.17
       1925                   360                                  357                        332,500.00                    20060901           2,387.09
       1926                   360                                  357                        549,000.00                    20060901           3,614.25
       1927                   360                                  357                        437,000.00                    20060901           3,176.14
       1928                   360                                  357                        308,550.00                    20060901           2,527.20
       1929                   360                                  357                        380,000.00                    20060901           2,908.42
       1930                   360                                  358                        355,500.00                    20061001           2,469.17
       1931                   360                                  357                         80,750.00                    20060901             626.63
       1932                   360                                  358                        483,000.00                    20061001           3,059.00
       1933                   360                                  357                        415,000.00                    20060901           2,593.75
       1934                   360                                  357                        220,500.00                    20060901           1,726.81
       1935                   360                                  357                        425,000.00                    20060901           2,603.13
       1936                   360                                  358                        315,400.00                    20061001           2,505.96
       1937                   360                                  357                        565,250.00                    20060901           3,883.67
       1938                   360                                  357                        199,894.00                    20060901           1,739.46
       1939                   360                                  357                        228,000.00                    20060901           2,060.08
       1940                   360                                  357                        229,000.00                    20060901           2,060.59
       1941                   360                                  357                        252,000.00                    20060901           2,269.99
       1942                   360                                  357                        403,750.00                    20060901           2,591.94
       1943                   360                                  357                        315,000.00                    20060901           2,591.43
       1944                   360                                  358                         58,410.00                    20061001             549.65
       1945                   360                                  357                        378,000.00                    20060901           2,903.82
       1946                   360                                  357                        277,875.00                    20060901           2,026.53
       1947                   360                                  357                        256,500.00                    20060901           2,133.44
       1948                   360                                  357                        313,500.00                    20060901           2,415.81
       1949                   360                                  357                        274,550.00                    20060901           2,199.23
       1950                   360                                  357                        360,000.00                    20060901           2,806.45
       1951                   360                                  357                        380,000.00                    20060901           2,901.96
       1952                   360                                  357                        189,000.00                    20060901           1,606.48
       1953                   360                                  357                        200,000.00                    20060901           1,536.41
       1954                   360                                  357                        163,757.00                    20060901           1,069.95
       1955                   360                                  357                        319,500.00                    20060901           2,161.81
       1956                   360                                  357                        261,250.00                    20060901           1,719.21
       1957                   360                                  357                        209,000.00                    20060901           1,414.14
       1958                   360                                  357                        243,900.00                    20060901           1,875.38
       1959                   360                                  357                        232,050.00                    20060901           1,993.67
       1960                   360                                  357                        171,000.00                    20060901           1,326.99
       1961                   360                                  357                        305,900.00                    20060901           2,289.19
       1962                   360                                  357                        418,000.00                    20060901           3,023.54
       1963                   360                                  357                        295,064.00                    20060901           2,118.98
       1964                   360                                  357                        208,500.00                    20060901           1,372.08
       1965                   360                                  357                        242,250.00                    20060901           2,000.15
       1966                   360                                  357                        123,000.00                    20060901             948.78
       1967                   360                                  357                        622,800.00                    20060901           3,762.38
       1968                   360                                  357                        180,000.00                    20060901           1,345.96
       1969                   360                                  357                        256,500.00                    20060901           1,891.06
       1970                   360                                  357                        323,000.00                    20060901           1,709.21
       1971                   360                                  357                        241,300.00                    20060901           2,025.34
       1972                   360                                  357                        202,500.00                    20060901           1,556.25
       1973                   360                                  357                        308,750.00                    20060901           2,341.28
       1974                   360                                  357                        361,000.00                    20060901           2,902.10
       1975                   360                                  357                        407,700.00                    20060901           2,836.76
       1976                   360                                  357                        405,000.00                    20060901           3,000.03
       1977                   360                                  357                        712,500.00                    20060901           5,082.50
       1978                   360                                  357                        196,200.00                    20060901           1,585.74
       1979                   360                                  357                        163,800.00                    20060901           1,353.49
       1980                   360                                  357                        229,500.00                    20060901           1,854.88
       1981                   360                                  357                        266,000.00                    20060901           1,889.57
       1982                   360                                  357                        340,000.00                    20060901           2,662.65
       1983                   360                                  357                        107,255.00                    20060901             949.18
       1984                   360                                  357                        263,500.00                    20060901           2,007.45
       1985                   360                                  357                        399,000.00                    20060901           2,985.90
       1986                   360                                  357                        247,000.00                    20060901           1,810.68
       1987                   360                                  357                        198,550.00                    20060901           1,647.84
       1988                   360                                  357                        217,800.00                    20060901           1,823.45
       1989                   360                                  357                        652,500.00                    20060901           5,109.94
       1990                   360                                  357                        620,000.00                    20060901           4,128.17
       1991                   360                                  357                        209,000.00                    20060901           1,666.65
       1992                   360                                  357                        315,000.00                    20060901           2,357.29
       1993                   360                                  357                        460,000.00                    20060901           2,976.26
       1994                   360                                  357                        228,000.00                    20060901           1,801.83
       1995                   360                                  358                        208,000.00                    20061001           1,643.78
       1996                   360                                  357                         63,000.00                    20060901             538.96
       1997                   360                                  357                        243,200.00                    20060901           1,979.54
       1998                   360                                  357                        494,000.00                    20060901           3,659.11
       1999                   360                                  356                        201,390.00                    20060801           1,584.53
       2000                   360                                  357                        508,250.00                    20060901           4,310.78
       2001                   360                                  357                         96,900.00                    20060901             710.35
       2002                   360                                  357                        237,500.00                    20060901           1,786.41
       2003                   360                                  357                        283,500.00                    20060901           2,240.43
       2004                   360                                  357                        436,000.00                    20060901           2,788.97
       2005                   360                                  357                        149,000.00                    20060901           1,374.12
       2006                   360                                  357                        283,500.00                    20060901           2,210.08
       2007                   360                                  357                        379,905.00                    20060901           2,691.00
       2008                   360                                  357                        297,000.00                    20060901           2,076.23
       2009                   360                                  357                        589,000.00                    20060901           4,024.84
       2010                   360                                  357                        418,500.00                    20060901           3,357.59
       2011                   360                                  357                        167,200.00                    20060901           1,256.12
       2012                   360                                  357                        297,000.00                    20060901           2,454.12
       2013                   360                                  357                        427,500.00                    20060901           2,892.55
       2014                   360                                  357                        265,500.00                    20060901           1,946.37
       2015                   360                                  357                        553,500.00                    20060901           3,874.50
       2016                   360                                  356                        422,750.00                    20060801           2,695.04
       2017                   360                                  357                        247,500.00                    20060901           1,989.67
       2018                   360                                  357                         82,650.00                    20060901             659.09
       2019                   360                                  357                        304,200.00                    20060901           2,024.37
       2020                   360                                  357                        199,500.00                    20060901           1,404.82
       2021                   360                                  357                        190,000.00                    20060901           1,367.76
       2022                   360                                  357                        289,750.00                    20060901           2,466.09
       2023                   360                                  357                        144,000.00                    20060901           1,112.35
       2024                   360                                  357                        302,400.00                    20060901           2,400.62
       2025                   360                                  357                        287,100.00                    20060901           2,156.89
       2026                   360                                  357                        165,500.00                    20060901           1,328.68
       2027                   360                                  357                        420,000.00                    20060901           3,015.27
       2028                   360                                  357                        364,500.00                    20060901           2,661.88
       2029                   360                                  357                        267,300.00                    20060901           2,141.15
       2030                   360                                  357                        408,000.00                    20060901           2,937.08
       2031                   360                                  357                        283,500.00                    20060901           2,352.86
       2032                   360                                  357                        164,691.00                    20060901           1,512.66
       2033                   360                                  357                        279,000.00                    20060901           2,098.56
       2034                   360                                  357                        405,000.00                    20060901           2,770.53
       2035                   360                                  357                        526,500.00                    20060901           3,464.75
       2036                   360                                  357                        327,250.00                    20060901           2,447.03
       2037                   360                                  357                        360,000.00                    20060901           2,639.05
       2038                   360                                  356                        548,250.00                    20060801           4,273.99
       2039                   360                                  357                        242,250.00                    20060901           2,124.13
       2040                   360                                  357                        394,250.00                    20060901           2,797.27
       2041                   360                                  357                        242,000.00                    20060901           2,213.67
       2042                   360                                  357                        252,000.00                    20060901           2,064.02
       2043                   360                                  357                        288,800.00                    20060901           2,084.29
       2044                   360                                  357                        157,420.00                    20060901           1,210.43
       2045                   360                                  357                        579,500.00                    20060901           4,151.61
       2046                   360                                  357                        180,000.00                    20060901           1,430.23
       2047                   360                                  357                        580,500.00                    20060901           4,277.71
       2048                   360                                  357                        428,000.00                    20060901           3,321.34
       2049                   360                                  357                        499,999.00                    20060901           3,410.88
       2050                   360                                  357                        385,000.00                    20060901           2,919.49
       2051                   360                                  357                        279,000.00                    20060901           1,966.14
       2052                   360                                  357                        116,910.00                    20060901             951.22
       2053                   360                                  357                        193,500.00                    20060901           1,259.10
       2054                   360                                  357                        801,000.00                    20060901           5,963.66
       2055                   360                                  357                        373,500.00                    20060901           2,624.37
       2056                   360                                  357                        297,000.00                    20060901           2,065.08
       2057                   360                                  357                        399,000.00                    20060901           2,743.13
       2058                   360                                  357                        285,000.00                    20060901           2,141.11
       2059                   360                                  357                        174,800.00                    20060901           1,341.62
       2060                   360                                  357                        122,550.00                    20060901             946.65
       2061                   360                                  357                        180,000.00                    20060901           1,258.59
       2062                   360                                  356                        126,000.00                    20060801             923.67
       2063                   360                                  356                        433,500.00                    20060801           3,046.76
       2064                   360                                  357                        378,000.00                    20060901           2,760.47
       2065                   360                                  357                        270,000.00                    20060901           2,051.56
       2066                   360                                  357                        360,000.00                    20060901           2,679.30
       2067                   360                                  357                        247,000.00                    20060901           2,305.70
       2068                   360                                  358                        538,500.00                    20061001           3,760.85
       2069                   360                                  357                        193,500.00                    20060901           1,578.02
       2070                   360                                  357                        280,250.00                    20060901           2,401.76
       2071                   360                                  356                        405,000.00                    20060801           3,138.75
       2072                   360                                  357                        169,020.00                    20060901           1,317.63
       2073                   360                                  357                        232,750.00                    20060901           2,085.68
       2074                   360                                  357                        182,352.00                    20060901           1,448.85
       2075                   360                                  357                        235,000.00                    20060901           1,590.06
       2076                   360                                  356                        405,000.00                    20060801           2,812.98
       2077                   360                                  357                        225,150.00                    20060901           1,659.14
       2078                   360                                  357                        176,400.00                    20060901           1,368.89
       2079                   360                                  357                        418,500.00                    20060901           3,232.75
       2080                   360                                  357                        172,500.00                    20060901           1,217.98
       2081                   360                                  357                        283,100.00                    20060901           2,043.15
       2082                   360                                  356                        396,000.00                    20060801           2,706.00
       2083                   360                                  357                        499,700.00                    20060901           3,093.17
       2084                   360                                  357                        190,000.00                    20060901           1,299.76
       2085                   360                                  357                        422,750.00                    20060901           3,632.08
       2086                   360                                  357                        382,500.00                    20060901           2,900.53
       2087                   360                                  357                        222,300.00                    20060901           1,748.84
       2088                   360                                  357                        378,000.00                    20060901           2,906.50
       2089                   360                                  357                        235,000.00                    20060901           1,967.45
       2090                   360                                  357                        144,000.00                    20060901           1,216.09
       2091                   360                                  357                        242,250.00                    20060901           2,028.14
       2092                   360                                  358                        435,000.00                    20061001           3,422.15
       2093                   360                                  357                        351,000.00                    20060901           2,266.88
       2094                   360                                  357                        256,500.00                    20060901           2,008.74
       2095                   360                                  357                        288,000.00                    20060901           2,308.36
       2096                   360                                  357                        540,000.00                    20060901           3,958.57
       2097                   360                                  357                        289,750.00                    20060901           2,085.83
       2098                   360                                  357                        315,400.00                    20060901           2,369.50
       2099                   360                                  357                        432,000.00                    20060901           3,460.44
       2100                   360                                  357                        845,100.00                    20060901           6,356.60
       2101                   360                                  357                        151,300.00                    20060901           1,040.67
       2102                   360                                  357                        279,000.00                    20060901           2,366.37
       2103                   360                                  357                        261,000.00                    20060901           2,261.59
       2104                   360                                  357                        540,000.00                    20060901           3,647.57
       2105                   360                                  357                        225,000.00                    20060901           1,643.14
       2106                   360                                  357                        299,250.00                    20060901           2,216.69
       2107                   360                                  357                         54,000.00                    20060901             440.34
       2108                   360                                  357                        361,000.00                    20060901           2,507.37
       2109                   360                                  357                        150,790.00                    20060901           1,170.15
       2110                   360                                  357                        190,000.00                    20060901           1,480.24
       2111                   360                                  357                        318,750.00                    20060901           2,680.23
       2112                   360                                  357                         59,850.00                    20060901             508.72
       2113                   360                                  357                        436,050.00                    20060901           2,834.33
       2114                   360                                  357                        286,900.00                    20060901           2,402.46
       2115                   360                                  357                        380,000.00                    20060901           2,834.17
       2116                   360                                  357                        460,750.00                    20060901           3,364.78
       2117                   360                                  357                        280,000.00                    20060901           1,957.81
       2118                   360                                  357                        378,000.00                    20060901           2,459.62
       2119                   360                                  357                        275,500.00                    20060901           2,178.27
       2120                   360                                  357                        231,300.00                    20060901           1,479.57
       2121                   360                                  357                        398,650.00                    20060901           2,434.03
       2122                   360                                  357                        358,100.00                    20060901           2,447.02
       2123                   360                                  356                        262,000.00                    20060801           1,805.11
       2124                   360                                  357                        163,400.00                    20060901           1,298.27
       2125                   360                                  357                        616,500.00                    20060901           3,647.63
       2126                   360                                  357                        423,000.00                    20060901           2,941.17
       2127                   360                                  357                        520,000.00                    20060901           3,271.67
       2128                   360                                  357                        161,025.00                    20060901           1,353.99
       2129                   360                                  356                        405,000.00                    20060801           3,114.10
       2130                   360                                  357                        242,250.00                    20060901           2,108.04
       2131                   360                                  357                        165,500.00                    20060901           1,308.50
       2132                   360                                  356                        266,000.00                    20060801           2,178.69
       2133                   360                                  356                        340,000.00                    20060801           2,020.91
       2134                   360                                  357                        269,450.00                    20060901           1,975.26
       2135                   360                                  357                        617,500.00                    20060901           3,859.38
       2136                   360                                  357                        167,000.00                    20060901           1,577.78
       2137                   360                                  355                        294,500.00                    20060701           2,339.90
       2138                   360                                  356                        634,500.00                    20060801           4,796.82
       2139                   360                                  356                        337,047.00                    20060801           2,603.56
       2140                   360                                  355                        213,750.00                    20060701           1,852.16
       2141                   360                                  355                        308,750.00                    20060701           2,596.14
       2142                   360                                  357                        270,750.00                    20060901           2,081.84
       2143                   360                                  355                        255,550.00                    20060701           2,020.54
       2144                   360                                  358                        270,750.00                    20061001           2,176.57
       2145                   360                                  355                        173,755.00                    20060701           1,416.87
       2146                   360                                  357                        541,500.00                    20060901           3,523.51
       2147                   360                                  355                        221,255.00                    20060701           1,677.80
       2148                   360                                  356                        589,000.00                    20060801           4,301.37
       2149                   360                                  355                        389,205.00                    20060701           2,677.03
       2150                   360                                  355                        405,000.00                    20060701           2,812.98
       2151                   360                                  355                        531,000.00                    20060701           4,446.51
       2152                   360                                  355                        290,700.00                    20060701           2,486.90
       2153                   360                                  355                        403,750.00                    20060701           3,161.08
       2154                   360                                  355                        163,400.00                    20060701           1,241.57
       2155                   360                                  355                         97,850.00                    20060701             855.10
       2156                   360                                  355                        342,000.00                    20060701           2,473.81
       2157                   360                                  357                        162,000.00                    20060901           1,251.39
       2158                   360                                  355                        499,999.00                    20060701           3,862.30
       2159                   360                                  355                        110,000.00                    20060701             853.62
       2160                   360                                  355                        199,500.00                    20060701           1,623.84
       2161                   360                                  357                        119,700.00                    20060901             950.25
       2162                   360                                  356                        187,625.00                    20060801           1,639.62
       2163                   360                                  357                         80,750.00                    20060901             605.23
       2164                   360                                  355                        364,500.00                    20060701           2,727.73
       2165                   360                                  355                        320,000.00                    20060701           2,070.45
       2166                   360                                  355                        332,500.00                    20060701           2,139.11
       2167                   360                                  355                         68,400.00                    20060701             547.91
       2168                   360                                  355                        408,500.00                    20060701           3,272.20
       2169                   360                                  355                        450,000.00                    20060701           2,831.25
       2170                   360                                  357                        346,500.00                    20060901           2,825.50
       2171                   360                                  355                        429,066.00                    20060701           3,844.87
       2172                   360                                  355                        361,000.00                    20060701           2,839.99
       2173                   360                                  353                        111,600.00                    20060501             809.66
       2174                   360                                  354                        816,000.00                    20060601           5,130.26
       2175                   360                                  352                        490,500.00                    20060401           3,355.42
       2176                   360                                  352                        153,000.00                    20060401           1,122.66
       2177                   360                                  353                        334,800.00                    20060501           2,574.33

                            CURRENT_BALANCE                LOAN_TO_VALUE     MI                    MERS_ID           MARGIN           NEXT_RATE_ADJ_DATE1
---------------------------------------------------------------------------------------------------------------------------------------------------------
          1                     110,115.29                       95.00      NO MI                   6.0000                                  20080901
          2                     133,012.31                       80.00      NO MI                   6.0000                                  20090901
          3                     259,786.94                       80.00      NO MI                   6.0000                                  20090901
          4                     295,992.00                       80.00      NO MI                   6.0000                                  20090901
          5                     358,921.51                       95.00      NO MI                   6.0000                                  20080901
          6                     236,151.65                       90.00      NO MI                   6.0000                                  20090901
          7                     153,007.45                       80.00      NO MI                   6.0000                                  20080901
          8                      77,454.23                      100.00      NO MI                   6.0000                                  20080901
          9                     319,807.92                       94.12      NO MI                   6.0000                                  20090901
         10                     157,419.85                       80.00      NO MI                   6.0000                                  20080901
         11                     149,839.83                       63.83      NO MI                   6.0000                                  20080901
         12                     399,499.01                       85.00      NO MI                   6.0000                                  20080901
         13                     189,323.55                       95.00      NO MI                   5.0000                                  20080901
         14                     231,647.59                       79.04      NO MI                   6.0000                                  20080901
         15                      78,693.54                       90.00      NO MI                   6.0000                                  20080901
         16                     207,672.01                       90.00      NO MI                   6.0000                                  20080901
         17                     116,842.46                       90.00      NO MI                   6.0000                                  20080901
         18                     391,000.00                       85.00      NO MI                   6.0000                                  20090901
         19                     178,252.25                      100.00      NO MI                   6.0000                                  20080901
         20                      93,493.93                       95.00      NO MI                   0.0000
         21                      58,440.35                       90.00      NO MI                   6.0000                                  20080901
         22                     266,994.97                       80.00      NO MI                   6.0000                                  20080901
         23                      89,946.48                       90.00      NO MI                   6.0000                                  20080901
         24                     249,714.24                       74.63      NO MI                   6.0000                                  20090901
         25                     100,706.54                       90.00      NO MI                   6.0000                                  20080901
         26                     105,944.22                       47.75      NO MI                   6.0000                                  20080901
         27                      53,950.98                       90.00      NO MI                   0.0000
         28                     204,532.22                       89.51      NO MI                   0.0000
         29                     109,600.00                       80.00      NO MI                   6.0000                                  20080901
         30                     172,696.26                       80.00      NO MI                   6.0000                                  20080901
         31                      81,618.46                       95.00      NO MI                   0.0000
         32                     376,415.85                       60.13      NO MI                   6.0000                                  20080901
         33                     247,733.65                       80.00      NO MI                   6.0000                                  20080901
         34                     338,698.16                       72.51      NO MI                   0.0000
         35                     145,210.90                       95.00      NO MI                   6.0000                                  20080901
         36                     384,757.00                       90.59      NO MI                   0.0000
         37                     345,000.00                       88.46      NO MI                   6.0000                                  20090901
         38                     398,457.30                       95.00      NO MI                   6.0000                                  20090901
         39                     415,000.00                       80.82      NO MI                   6.0000                                  20090901
         40                     139,218.45                       90.00      NO MI                   6.0000                                  20080901
         41                     355,210.05                       90.00      NO MI                   6.0000                                  20080901
         42                     114,916.26                      100.00      NO MI                   6.0000                                  20080901
         43                      56,649.61                       90.00      NO MI                   0.0000
         44                     344,000.00                       80.00      NO MI                   6.0000                                  20080901
         45                     211,717.43                       76.26      NO MI                   6.0000                                  20080901
         46                     280,536.92                       80.00      NO MI                   6.0000                                  20080901
         47                     412,300.00                       95.00      NO MI                   6.0000                                  20080801
         48                      92,604.51                       90.00      NO MI                   6.0000                                  20080901
         49                      71,847.44                       90.00      NO MI                   0.0000
         50                     321,166.10                       80.00      NO MI                   6.0000                                  20080901
         51                      86,308.17                       90.00      NO MI                   6.0000                                  20080901
         52                     116,889.21                       90.00      NO MI                   6.0000                                  20080901
         53                      81,931.18                      100.00      NO MI                   0.0000
         54                     194,752.99                       65.88      NO MI                   6.0000                                  20090901
         55                     267,134.62                       90.00      NO MI                   0.0000
         56                     279,680.74                       65.88      NO MI                   6.0000                                  20090901
         57                     132,650.18                       70.00      NO MI                   6.0000                                  20080701
         58                      52,921.82                       90.00      NO MI                   6.0000                                  20080701
         59                     248,977.77                       45.05      NO MI                   0.0000
         60                     137,532.83                       95.00      NO MI                   6.0000                                  20080701
         61                     186,679.56                       64.44      NO MI                   6.0000                                  20090701
         62                      55,620.12                       90.00      NO MI                   6.0000                                  20080801
         63                     146,790.00                       90.00      NO MI                   0.0000
         64                      76,466.05                       95.00      NO MI                   0.0000
         65                     528,141.25                       51.21      NO MI                   0.0000
         66                     164,431.71                       67.37      NO MI                   0.0000
         67                     322,709.19                       89.15      NO MI                   0.0000
         68                     152,734.27                       95.00      NO MI                   0.0000
         69                     295,617.31                       80.00      NO MI                   0.0000
         70                     241,705.74                       55.63      NO MI                   4.5000                                  20090901
         71                     193,254.89                       75.00      NO MI                   6.0000                                  20080901
         72                     246,805.41                       80.00      NO MI                   6.0000                                  20080901
         73                     157,567.16                       95.00      NO MI                   0.0000
         74                     114,852.83                       69.70      NO MI                   6.0000                                  20080901
         75                     159,475.31                       95.00      NO MI                   0.0000
         76                     196,000.00                       80.00      NO MI                   6.0000                                  20080901
         77                     387,992.67                       80.00      NO MI                   0.0000
         78                     121,875.63                       80.00      NO MI                   6.0000                                  20080901
         79                     150,303.43                       70.00      NO MI                   6.0000                                  20090901
         80                     142,917.77                       90.00      NO MI                   6.0000                                  20080901
         81                      94,893.07                       36.54      NO MI                   0.0000
         82                     311,588.34                       80.00      NO MI                   6.0000                                  20080901
         83                     305,424.00                       80.00      NO MI                   6.0000                                  20080901
         84                     183,803.07                       80.00      NO MI                   6.0000                                  20080901
         85                     261,110.33                       95.00      NO MI                   6.0000                                  20080901
         86                     243,496.28                       65.00      NO MI                   6.0000                                  20080901
         87                     184,519.64                       65.00      NO MI                   0.0000
         88                      78,916.04                       31.73      NO MI                   0.0000
         89                      61,102.92                       85.00      NO MI                   0.0000
         90                      83,935.77                       80.00      NO MI                   6.0000                                  20080901
         91                      84,664.63                       80.00      NO MI                   6.0000                                  20080901
         92                     143,831.95                       80.00      NO MI                   6.0000                                  20080901
         93                      95,316.13                       90.00      NO MI                   0.0000
         94                     289,404.85                       95.00      NO MI                   6.0000                                  20080901
         95                     112,426.94                       76.87      NO MI                   0.0000
         96                     403,482.10                       84.82      NO MI                   6.0000                                  20080901
         97                     320,951.31                       90.00      NO MI                   6.0000                                  20080901
         98                     128,907.01                       89.00      NO MI                   6.0000                                  20080901
         99                     237,691.95                       85.00      NO MI                   6.0000                                  20080901
        100                     377,797.35                       90.00      NO MI                   6.0000                                  20080901
        101                      87,196.01                       90.00      NO MI                   6.0000                                  20080901
        102                      80,984.16                      100.00      NO MI                   0.0000
        103                     324,917.30                       80.00      NO MI                   0.0000
        104                     247,846.80                       80.00      NO MI                   6.0000                                  20080901
        105                     329,781.04                       50.00      NO MI                   6.0000                                  20080901
        106                      92,646.67                      100.00      NO MI                   0.0000
        107                     107,875.99                       80.00      NO MI                   6.0000                                  20080901
        108                     103,203.13                       80.00      NO MI                   6.0000                                  20080901
        109                     523,637.19                       79.39      NO MI                   6.0000                                  20080901
        110                     230,013.65                       80.00      NO MI                   6.0000                                  20080901
        111                     251,847.64                       78.26      NO MI                   4.5000                                  20080901
        112                     238,837.71                       80.00      NO MI                   6.0000                                  20090901
        113                     208,827.70                       95.00      NO MI                   6.0000                                  20080901
        114                     308,600.99                       95.00      NO MI                   0.0000
        115                     233,453.90                       85.00      NO MI                   6.0000                                  20090901
        116                     229,365.05                       90.00      NO MI                   6.0000                                  20080901
        117                     271,633.77                       80.00      NO MI                   6.0000                                  20090901
        118                     107,888.75                       80.00      NO MI                   0.0000
        119                      94,088.83                       60.81      NO MI                   0.0000
        120                      44,866.98                      100.00      NO MI                   0.0000
        121                     136,417.94                      100.00      NO MI                   6.0000                                  20080901
        122                     151,924.45                       95.00      NO MI                   6.0000                                  20080901
        123                     214,898.28                       80.00      NO MI                   6.0000                                  20080901
        124                     909,000.00                       90.00      NO MI                   6.0000                                  20090901
        125                      75,753.91                      100.00      NO MI                   0.0000
        126                     302,995.95                       80.00      NO MI                   6.0000                                  20080901
        127                      87,602.81                       44.97      NO MI                   6.0000                                  20080901
        128                     608,000.00                       80.00      NO MI                   6.0000                                  20080901
        129                     120,939.11                       75.00      NO MI                   6.0000                                  20090901
        130                     403,780.85                       80.00      NO MI                   6.0000                                  20080901
        131                     199,679.17                       59.70      NO MI                   0.0000
        132                     219,890.47                       46.32      NO MI                   6.0000                                  20080901
        133                     103,601.81                       85.00      NO MI                   6.0000                                  20080901
        134                     140,942.02                       85.00      NO MI                   6.0000                                  20080901
        135                     214,335.61                       62.17      NO MI                   6.0000                                  20090901
        136                     161,900.63                       45.00      NO MI                   6.0000                                  20080901
        137                      68,363.59                      100.00      NO MI                   0.0000
        138                     273,239.01                       80.00      NO MI                   6.0000                                  20080901
        139                     179,822.22                       80.00      NO MI                   0.0000
        140                     305,999.43                       90.00      NO MI                   6.0000                                  20080901
        141                      50,427.23                      100.00      NO MI                   0.0000
        142                     201,840.00                       80.00      NO MI                   6.0000                                  20080901
        143                     370,018.55                       95.00      NO MI                   4.5000                                  20090901
        144                     849,291.68                       85.00      NO MI                   6.0000                                  20080901
        145                     157,107.28                       85.00      NO MI                   0.0000
        146                     208,000.00                       80.00      NO MI                   0.0000
        147                     314,647.74                       90.00      NO MI                   6.0000                                  20080901
        148                     144,900.00                       70.00      NO MI                   6.0000                                  20080901
        149                     139,810.21                       82.35      NO MI                   6.0000                                  20080901
        150                     252,332.47                       83.06      NO MI                   6.0000                                  20080901
        151                     103,907.40                       80.00      NO MI                   6.0000                                  20080901
        152                     225,382.88                       51.04      NO MI                   0.0000
        153                     220,652.35                       72.88      NO MI                   0.0000
        154                     203,200.00                       80.00      NO MI                   6.0000                                  20080901
        155                     241,625.02                       86.43      NO MI                   6.0000                                  20080901
        156                     196,907.37                       90.00      NO MI                   0.0000
        157                     176,000.00                       80.00      NO MI                   6.0000                                  20080901
        158                      40,835.28                      100.00      NO MI                   0.0000
        159                      92,860.56                       74.97      NO MI                   6.0000                                  20090901
        160                     203,770.41                       81.60      NO MI                   4.5000                                  20090901
        161                      51,986.24                       80.00      NO MI                   6.0000                                  20080901
        162                     123,846.10                       80.00      NO MI                   6.0000                                  20090901
        163                     139,200.00                       80.00      NO MI                   6.0000                                  20080901
        164                     662,898.23                       80.00      NO MI                   6.0000                                  20090901
        165                     263,899.51                       80.00      NO MI                   6.0000                                  20090901
        166                     110,350.92                       85.00      NO MI                   6.0000                                  20080901
        167                     370,478.83                       72.00      NO MI                   6.0000                                  20080901
        168                     176,543.95                       80.00      NO MI                   6.0000                                  20090901
        169                     189,785.05                       65.52      NO MI                   6.0000                                  20080901
        170                     106,108.37                       85.00      NO MI                   0.0000
        171                      74,701.66                       85.00      NO MI                   0.0000
        172                     104,151.40                       90.00      NO MI                   6.0000                                  20080901
        173                     205,855.75                       90.00      NO MI                   6.0000                                  20080901
        174                     187,903.78                       80.00      NO MI                   0.0000
        175                     279,879.91                       80.00      NO MI                   6.0000                                  20080901
        176                     488,000.00                       80.00      NO MI                   6.0000                                  20080901
        177                     137,362.74                       94.83      NO MI                   6.0000                                  20090901
        178                      76,444.23                       85.00      NO MI                   6.0000                                  20080901
        179                     178,111.19                       89.55      NO MI                   6.0000                                  20080901
        180                     407,837.58                       80.00      NO MI                   6.0000                                  20090901
        181                     387,898.02                       70.00      NO MI                   0.0000
        182                     509,781.28                       75.00      NO MI                   6.0000                                  20080901
        183                     291,803.48                       80.00      NO MI                   6.0000                                  20080901
        184                     254,848.39                      100.00      NO MI                   6.0000                                  20090901
        185                     123,656.39                       90.00      NO MI                   6.0000                                  20080901
        186                     204,865.40                       52.56      NO MI                   6.0000                                  20080901
        187                     258,867.83                       85.00      NO MI                   6.0000                                  20080901
        188                     292,117.23                       90.00      NO MI                   6.0000                                  20080901
        189                     279,630.56                       70.00      NO MI                   6.0000                                  20080901
        190                      61,125.58                       85.00      NO MI                   0.0000
        191                      94,400.27                       90.00      NO MI                   6.0000                                  20080901
        192                     240,800.00                       80.00      NO MI                   6.0000                                  20090901
        193                     134,872.17                       90.00      NO MI                   6.0000                                  20080901
        194                     124,877.82                       63.13      NO MI                   0.0000
        195                      56,968.30                      100.00      NO MI                   0.0000
        196                     148,352.00                      100.00      NO MI                   6.0000                                  20080901
        197                     669,215.10                       80.00      NO MI                   6.0000                                  20080901
        198                     227,793.07                       80.00      NO MI                   6.0000                                  20080901
        199                     264,586.02                      100.00      NO MI                   6.0000                                  20080901
        200                     131,907.30                       71.35      NO MI                   4.5000                                  20090901
        201                     250,000.00                       72.89      NO MI                   6.0000                                  20080901
        202                     263,695.11                       80.00      NO MI                   0.0000
        203                     762,884.98                       94.91      NO MI                   6.0000                                  20090901
        204                     199,759.31                       80.00      NO MI                   4.5000                                  20090901
        205                      63,687.68                       78.70      NO MI                   6.0000                                  20080901
        206                     103,586.05                       85.00      NO MI                   0.0000
        207                      62,469.42                       49.60      NO MI                   6.0000                                  20080901
        208                     356,039.21                       95.00      NO MI                   0.0000
        209                     190,197.12                       75.00      NO MI                   6.0000                                  20090901
        210                     239,887.51                       80.00      NO MI                   0.0000
        211                     111,623.92                       75.00      NO MI                   4.5000                                  20090901
        212                     217,671.14                       90.00      NO MI                   6.0000                                  20080901
        213                     289,713.57                       64.44      NO MI                   6.0000                                  20080901
        214                      87,303.94                       95.00      NO MI                   0.0000
        215                     397,500.00                       75.00      NO MI                   6.0000                                  20080901
        216                      73,954.01                      100.00      NO MI                   0.0000
        217                     296,000.00                       80.00      NO MI                   6.0000                                  20080901
        218                     143,741.38                       80.00      NO MI                   6.0000                                  20080901
        219                      78,345.03                       80.00      NO MI                   6.0000                                  20090901
        220                     204,923.70                       90.00      NO MI                   0.0000
        221                     111,842.09                       80.00      NO MI                   6.0000                                  20090901
        222                     235,832.86                       80.00      NO MI                   6.0000                                  20090901
        223                     220,800.00                       80.00      NO MI                   6.0000                                  20080901
        224                     267,561.94                       95.00      NO MI                   6.0000                                  20080901
        225                     174,689.50                       63.60      NO MI                   6.0000                                  20090901
        226                      34,980.52                      100.00      NO MI                   0.0000
        227                     215,000.00                       68.25      NO MI                   6.0000                                  20090901
        228                      62,187.16                       80.00      NO MI                   6.0000                                  20080901
        229                     292,770.20                       75.00      NO MI                   6.0000                                  20080901
        230                     240,000.00                       80.00      NO MI                   6.0000                                  20080901
        231                     214,932.91                       80.00      NO MI                   6.0000                                  20080901
        232                     199,058.11                       80.00      NO MI                   6.0000                                  20080901
        233                     177,601.57                       95.00      NO MI                   0.0000
        234                     433,472.29                       73.56      NO MI                   6.0000                                  20090901
        235                     155,006.79                       80.00      NO MI                   0.0000
        236                      50,945.21                       23.83      NO MI                   6.0000                                  20090901
        237                      81,822.43                       90.00      NO MI                   0.0000
        238                      51,226.49                       90.00      NO MI                   6.0000                                  20080901
        239                     662,853.38                       80.00      NO MI                   6.0000                                  20090901
        240                     249,812.94                      100.00      NO MI                   6.0000                                  20080901
        241                     127,844.37                       64.84      NO MI                   0.0000
        242                     195,884.02                       70.00      NO MI                   6.0000                                  20080901
        243                     349,527.79                       70.00      NO MI                   6.0000                                  20080901
        244                     475,701.71                       80.00      NO MI                   6.0000                                  20090901
        245                     189,741.57                       95.00      NO MI                   0.0000
        246                     155,806.38                       80.00      NO MI                   6.0000                                  20090901
        247                     379,790.84                       80.00      NO MI                   6.0000                                  20080901
        248                      73,931.38                       71.84      NO MI                   6.0000                                  20090901
        249                     300,087.50                       85.00      NO MI                   5.7500                                  20080901
        250                     315,804.80                       80.00      NO MI                   0.0000
        251                     413,496.60                       90.00      NO MI                   6.0000                                  20090901
        252                      50,362.69                       90.00      NO MI                   6.0000                                  20080901
        253                     114,696.90                       80.00      NO MI                   0.0000
        254                     270,000.00                       90.00      NO MI                   6.0000                                  20080901
        255                     191,775.95                       55.95      NO MI                   0.0000
        256                      76,913.78                       70.00      NO MI                   0.0000
        257                     118,897.59                       85.00      NO MI                   0.0000
        258                     658,936.04                       80.00      NO MI                   6.0000                                  20090901
        259                     381,600.00                       89.79      NO MI                   6.0000                                  20080901
        260                     247,898.27                       80.00      NO MI                   6.0000                                  20080901
        261                     244,718.50                       72.06      NO MI                   6.0000                                  20080901
        262                     493,835.81                       95.00      NO MI                   6.0000                                  20080901
        263                     183,783.06                       80.00      NO MI                   6.0000                                  20080901
        264                      83,276.27                       90.00      NO MI                   6.0000                                  20080901
        265                     137,595.77                       95.00      NO MI                   6.0000                                  20090901
        266                      80,885.28                       90.00      NO MI                   6.0000                                  20080901
        267                     244,824.46                      100.00      NO MI                   6.0000                                  20080901
        268                     107,921.76                       90.00      NO MI                   6.0000                                  20080901
        269                     323,512.73                       79.80      NO MI                   6.0000                                  20090901
        270                     147,792.51                       80.00      NO MI                   6.0000                                  20080901
        271                     280,185.95                       85.00      NO MI                   0.0000
        272                     254,655.94                       83.61      NO MI                   0.0000
        273                     166,224.97                       80.00      NO MI                   6.0000                                  20080901
        274                     238,182.11                       90.00      NO MI                   6.0000                                  20080901
        275                     308,750.00                       95.00      NO MI                   6.0000                                  20080901
        276                     269,605.94                       90.00      NO MI                   0.0000
        277                      71,033.39                       90.00      NO MI                   6.0000                                  20080901
        278                     262,101.27                       75.00      NO MI                   0.0000
        279                     153,830.25                       70.00      NO MI                   6.0000                                  20080901
        280                     199,619.33                       85.00      NO MI                   6.0000                                  20080901
        281                      94,880.87                       95.00      NO MI                   0.0000
        282                     152,852.03                       90.00      NO MI                   6.0000                                  20080901
        283                      31,974.45                      100.00      NO MI                   0.0000
        284                      50,742.53                       80.00      NO MI                   4.5000                                  20080901
        285                     202,230.10                       75.00      NO MI                   6.0000                                  20090901
        286                     157,235.59                       90.00      NO MI                   6.0000                                  20080901
        287                      92,167.15                       90.00      NO MI                   6.0000                                  20080901
        288                     260,000.00                       80.00      NO MI                   6.0000                                  20080901
        289                     383,200.00                       80.00      NO MI                   6.0000                                  20080901
        290                      75,864.41                       80.00      NO MI                   6.0000                                  20080901
        291                     156,720.25                       80.00      NO MI                   6.0000                                  20080901
        292                     611,337.72                       80.00      NO MI                   6.0000                                  20090901
        293                     301,818.71                       54.91      NO MI                   0.0000
        294                     119,470.20                       65.00      NO MI                   6.0000                                  20090901
        295                      75,902.73                       77.55      NO MI                   0.0000
        296                     184,000.00                       80.00      NO MI                   6.0000                                  20080901
        297                     502,053.55                       75.00      NO MI                   6.0000                                  20080901
        298                     169,832.08                      100.00      NO MI                   0.0000
        299                     191,053.00                       80.00      NO MI                   6.0000                                  20080901
        300                     170,804.14                       77.03      NO MI                   4.5000                                  20090901
        301                     162,321.46                       80.00      NO MI                   6.0000                                  20080901
        302                     392,668.99                       97.04      NO MI                   6.0000                                  20080901
        303                      99,592.75                       80.00      NO MI                   6.0000                                  20080901
        304                     190,932.44                       85.00      NO MI                   0.0000
        305                     193,211.87                       90.00      NO MI                   6.0000                                  20080901
        306                     199,882.14                       80.00      NO MI                   6.0000                                  20080901
        307                     301,304.57                       90.00      NO MI                   6.0000                                  20080901
        308                      52,465.14                       75.00      NO MI                   0.0000
        309                      89,927.37                       90.00      NO MI                   6.0000                                  20080901
        310                     159,995.71                       88.89      NO MI                   6.0000                                  20080901
        311                     311,511.75                       80.00      NO MI                   6.0000                                  20080901
        312                     139,496.86                       95.00      NO MI                   0.0000
        313                      84,526.94                       95.00      NO MI                   6.0000                                  20080901
        314                     131,336.12                       90.00      NO MI                   6.0000                                  20080901
        315                     179,315.49                       95.00      NO MI                   6.0000                                  20080901
        316                     469,713.47                       80.00      NO MI                   6.0000                                  20080901
        317                     371,200.00                       80.00      NO MI                   6.0000                                  20080901
        318                      65,465.91                      100.00      NO MI                   0.0000
        319                     261,625.22                       80.00      NO MI                   6.0000                                  20080901
        320                     228,124.49                       95.00      NO MI                   6.0000                                  20080901
        321                     268,000.00                       77.68      NO MI                   6.0000                                  20080901
        322                     104,858.31                       63.25      NO MI                   0.0000
        323                     135,857.33                       69.00      NO MI                   6.0000                                  20080901
        324                     918,588.59                       80.00      NO MI                   0.0000
        325                      52,200.31                       49.07      NO MI                   0.0000
        326                     328,000.00                       80.00      NO MI                   6.0000                                  20080901
        327                     112,361.79                       90.00      NO MI                   6.0000                                  20080901
        328                     318,113.11                       95.00      NO MI                   6.0000                                  20080901
        329                     150,191.29                       80.00      NO MI                   6.0000                                  20090901
        330                     105,185.73                       90.00      NO MI                   6.0000                                  20080901
        331                     291,336.36                       90.00      NO MI                   6.0000                                  20080901
        332                     270,826.40                       80.00      NO MI                   4.5000                                  20090901
        333                     205,469.30                       80.00      NO MI                   6.0000                                  20080901
        334                     133,077.17                       90.00      NO MI                   6.0000                                  20090901
        335                     195,840.00                       80.00      NO MI                   6.0000                                  20080901
        336                     202,275.37                       90.00      NO MI                   6.0000                                  20080901
        337                     452,000.00                       80.00      NO MI                   6.0000                                  20080901
        338                     149,740.97                       69.93      NO MI                   0.0000
        339                     121,897.59                       90.00      NO MI                   0.0000
        340                     101,865.41                       65.81      NO MI                   0.0000
        341                     159,918.11                       80.00      NO MI                   6.0000                                  20080901
        342                     439,633.35                       80.00      NO MI                   6.0000                                  20080901
        343                     129,041.24                       80.00      NO MI                   6.0000                                  20080901
        344                     134,825.47                       90.00      NO MI                   6.0000                                  20090901
        345                     287,612.21                       80.00      NO MI                   6.0000                                  20080901
        346                      81,893.98                       54.67      NO MI                   6.0000                                  20090901
        347                     115,916.88                       80.00      NO MI                   6.0000                                  20080901
        348                     131,909.24                       45.52      NO MI                   6.0000                                  20080901
        349                     191,069.48                       80.00      NO MI                   6.0000                                  20080901
        350                     170,400.00                       80.00      NO MI                   6.0000                                  20080901
        351                     186,999.50                       83.86      NO MI                   6.0000                                  20080901
        352                      25,776.58                      100.00      NO MI                   0.0000
        353                     103,092.57                       80.00      NO MI                   6.0000                                  20090901
        354                     411,648.03                       80.00      NO MI                   6.0000                                  20080901
        355                     169,204.78                       70.00      NO MI                   0.0000
        356                     239,901.57                       80.00      NO MI                   6.0000                                  20080901
        357                     239,200.00                       80.00      NO MI                   6.0000                                  20080901
        358                     307,183.27                       75.00      NO MI                   6.0000                                  20080901
        359                     309,514.88                       87.08      NO MI                   0.0000
        360                     111,185.84                       85.00      NO MI                   0.0000
        361                      69,615.24                       85.00      NO MI                   6.0000                                  20080901
        362                     175,777.03                       80.00      NO MI                   6.0000                                  20080901
        363                     299,745.48                       32.61      NO MI                   6.0000                                  20080901
        364                      79,885.56                       22.86      NO MI                   6.0000                                  20090901
        365                     296,435.15                       89.73      NO MI                   6.0000                                  20080801
        366                     303,826.50                       80.00      NO MI                   6.0000                                  20090901
        367                     183,709.17                       83.64      NO MI                   0.0000
        368                     177,894.68                       71.20      NO MI                   0.0000
        369                     159,784.13                       80.00      NO MI                   6.0000                                  20080901
        370                     329,781.04                       84.62      NO MI                   6.0000                                  20080901
        371                      54,969.40                      100.00      NO MI                   0.0000
        372                     116,706.42                       90.00      NO MI                   6.0000                                  20080901
        373                     151,932.84                       80.00      NO MI                   6.0000                                  20080901
        374                      79,107.57                       90.00      NO MI                   6.0000                                  20080901
        375                      71,915.98                       90.00      NO MI                   6.0000                                  20080901
        376                     101,886.98                       85.00      NO MI                   6.0000                                  20080901
        377                     823,831.66                       75.00      NO MI                   0.0000
        378                     223,706.90                       80.00      NO MI                   4.5000                                  20090901
        379                     290,624.31                       95.00      NO MI                   6.0000                                  20090901
        380                     291,044.31                       80.00      NO MI                   6.0000                                  20080901
        381                     300,463.22                       69.95      NO MI                   4.5000                                  20090901
        382                     271,032.46                       80.00      NO MI                   6.0000                                  20080901
        383                     191,184.48                      100.00      NO MI                   6.0000                                  20090901
        384                     120,537.14                       85.00      NO MI                   0.0000
        385                     297,771.86                       90.00      NO MI                   6.0000                                  20080901
        386                      38,088.78                      100.00      NO MI                   0.0000
        387                     127,759.14                       80.00      NO MI                   0.0000
        388                     376,000.00                       80.00      NO MI                   6.0000                                  20080901
        389                     145,677.19                       90.00      NO MI                   6.0000                                  20080901
        390                      39,968.40                      100.00      NO MI                   0.0000
        391                     187,340.00                       85.00      NO MI                   5.7500                                  20080901
        392                     110,793.83                       30.79      NO MI                   0.0000
        393                     155,360.89                       70.94      NO MI                   0.0000
        394                     154,285.56                       83.44      NO MI                   0.0000
        395                     229,161.68                       60.39      NO MI                   0.0000
        396                     153,905.34                      100.00      NO MI                   0.0000
        397                     461,864.54                       58.32      NO MI                   0.0000
        398                     106,711.94                      100.00      NO MI                   0.0000
        399                     229,711.62                       74.19      NO MI                   6.0000                                  20080901
        400                     137,451.82                       80.00      NO MI                   6.0000                                  20080901
        401                     185,000.00                       69.81      NO MI                   6.0000                                  20090901
        402                      79,945.73                      100.00      NO MI                   0.0000
        403                     319,768.83                       80.00      NO MI                   6.0000                                  20080901
        404                     544,000.00                       80.00      NO MI                   6.0000                                  20080901
        405                     616,179.87                       90.00      NO MI                   6.0000                                  20080901
        406                     214,707.57                       58.11      NO MI                   4.5000                                  20090901
        407                      85,874.49                       53.75      NO MI                   0.0000
        408                     288,000.00                       80.00      NO MI                   0.0000
        409                     495,953.03                       70.96      NO MI                   6.0000                                  20080901
        410                      91,271.17                       79.48      NO MI                   0.0000
        411                     149,918.62                       80.00      NO MI                   6.0000                                  20090901
        412                     380,000.00                       80.00      NO MI                   6.0000                                  20080901
        413                     391,739.91                       80.00      NO MI                   6.0000                                  20090901
        414                     118,639.71                       90.00      NO MI                   6.0000                                  20080901
        415                     206,741.78                       68.77      NO MI                   6.0000                                  20080901
        416                     104,875.57                       58.99      NO MI                   0.0000
        417                     136,835.13                       72.87      NO MI                   6.0000                                  20090901
        418                      99,898.06                       80.00      NO MI                   6.0000                                  20090901
        419                      64,912.47                       26.00      NO MI                   0.0000
        420                     229,801.10                       95.00      NO MI                   6.0000                                  20080901
        421                     131,056.51                       75.00      NO MI                   0.0000
        422                      77,509.37                       52.57      NO MI                   0.0000
        423                     324,532.47                       90.00      NO MI                   6.0000                                  20080901
        424                      70,148.04                       90.00      NO MI                   6.0000                                  20080901
        425                     523,333.43                       80.00      NO MI                   6.0000                                  20080901
        426                      72,382.84                       90.00      NO MI                   0.0000
        427                     141,890.24                       64.55      NO MI                   6.0000                                  20080901
        428                      66,937.22                       29.78      NO MI                   0.0000
        429                      91,878.61                       80.00      NO MI                   6.0000                                  20080901
        430                     246,129.28                       86.49      NO MI                   6.0000                                  20090901
        431                     110,908.48                       63.43      NO MI                   4.5000                                  20090901
        432                     660,606.27                       95.00      NO MI                   6.0000                                  20080901
        433                     122,266.46                       85.00      NO MI                   0.0000
        434                     134,903.28                       90.00      NO MI                   6.0000                                  20080901
        435                     377,000.00                       88.71      NO MI                   4.5000                                  20090901
        436                     105,159.65                       90.00      NO MI                   6.0000                                  20080901
        437                     239,692.87                       64.00      NO MI                   0.0000
        438                     412,000.00                       80.00      NO MI                   6.0000                                  20080901
        439                     220,745.32                       94.44      NO MI                   6.0000                                  20090901
        440                     345,600.00                       80.00      NO MI                   6.0000                                  20080901
        441                     404,707.42                       90.00      NO MI                   0.0000
        442                     377,245.21                       85.00      NO MI                   6.0000                                  20080901
        443                     116,871.44                       90.00      NO MI                   4.5000                                  20090901
        444                     449,956.14                       90.00      NO MI                   6.0000                                  20080901
        445                     242,000.00                       93.08      NO MI                   6.0000                                  20080901
        446                     106,901.84                       53.50      NO MI                   0.0000
        447                     340,422.56                       89.74      NO MI                   6.0000                                  20090901
        448                     143,810.00                       80.00      NO MI                   6.0000                                  20080901
        449                     288,000.00                       80.00      NO MI                   6.0000                                  20080901
        450                      53,959.58                      100.00      NO MI                   0.0000
        451                      71,933.25                       86.75      NO MI                   0.0000
        452                     170,571.83                       85.00      NO MI                   6.0000                                  20080901
        453                     359,601.12                       79.30      NO MI                   6.0000                                  20080901
        454                     207,769.53                       80.00      NO MI                   6.0000                                  20080901
        455                     116,816.90                       63.04      NO MI                   0.0000
        456                     365,560.78                       64.51      NO MI                   0.0000
        457                      65,531.68                       41.64      NO MI                   0.0000
        458                     174,704.45                       48.72      NO MI                   0.0000
        459                     134,384.53                       79.15      NO MI                   0.0000
        460                     205,000.00                       66.49      NO MI                   4.2500                                  20080901
        461                     304,527.40                       75.78      NO MI                   0.0000
        462                     199,765.98                       80.00      NO MI                   6.0000                                  20090801
        463                     183,597.08                       80.00      NO MI                   6.0000                                  20080801
        464                      88,714.12                       80.00      NO MI                   6.0000                                  20090901
        465                     148,328.48                       90.00      NO MI                   0.0000
        466                     256,000.00                       80.00      NO MI                   6.0000                                  20080901
        467                      49,937.44                       89.29      NO MI                   0.0000
        468                     355,480.44                       80.00      NO MI                   6.0000                                  20090901
        469                     215,915.27                       90.00      NO MI                   6.0000                                  20080901
        470                      54,537.16                      100.00      NO MI                   0.0000
        471                     159,857.83                      100.00      NO MI                   6.0000                                  20080901
        472                     143,329.07                       70.00      NO MI                   6.0000                                  20080901
        473                     134,759.59                       95.00      NO MI                   6.0000                                  20080901
        474                      33,560.25                      100.00      NO MI                   0.0000
        475                     359,925.73                       90.00      NO MI                   6.0000                                  20090901
        476                     299,596.06                       89.29      NO MI                   0.0000
        477                     156,541.06                       95.00      NO MI                   0.0000
        478                     180,000.00                       81.82      NO MI                   6.0000                                  20090901
        479                     176,248.21                       75.00      NO MI                   0.0000
        480                     237,363.07                       95.00      NO MI                   4.5000                                  20090901
        481                     158,427.57                       95.00      NO MI                   6.0000                                  20080901
        482                     318,750.00                       85.00      NO MI                   6.0000                                  20080901
        483                     419,538.48                       80.00      NO MI                   4.5000                                  20090901
        484                     269,000.00                       86.97      NO MI                   0.0000
        485                     220,784.76                       71.49      NO MI                   0.0000
        486                      90,909.18                       55.69      NO MI                   0.0000
        487                     394,337.64                       60.31      NO MI                   6.0000                                  20090901
        488                      95,899.01                       84.21      NO MI                   6.0000                                  20090901
        489                      53,155.65                       95.00      NO MI                   0.0000
        490                     107,868.68                       88.52      NO MI                   0.0000
        491                     369,000.00                       88.92      NO MI                   6.0000                                  20090901
        492                      34,557.94                      100.00      NO MI                   0.0000
        493                     371,818.07                       95.00      NO MI                   6.0000                                  20080901
        494                      71,819.70                       90.00      NO MI                   6.0000                                  20090801
        495                     240,000.00                       80.00      NO MI                   6.0000                                  20080901
        496                     318,719.95                       80.00      NO MI                   6.0000                                  20080901
        497                     185,490.18                       80.00      NO MI                   6.0000                                  20080901
        498                     279,634.30                       82.35      NO MI                   6.0000                                  20090901
        499                     103,377.04                       62.00      NO MI                   0.0000
        500                     399,010.15                       80.00      NO MI                   6.0000                                  20080901
        501                     544,000.00                       80.00      NO MI                   6.0000                                  20090801
        502                     174,763.89                       71.43      NO MI                   6.0000                                  20090901
        503                     298,612.74                       90.00      NO MI                   6.0000                                  20090901
        504                     326,800.20                       80.00      NO MI                   6.0000                                  20080901
        505                     403,767.10                       80.00      NO MI                   6.0000                                  20090901
        506                     540,000.00                       78.26      NO MI                   6.0000                                  20080901
        507                     174,765.78                       89.74      NO MI                   6.0000                                  20090801
        508                     284,615.47                       95.00      NO MI                   6.0000                                  20080901
        509                     314,000.00                       78.50      NO MI                   0.0000
        510                     268,415.49                       80.00      NO MI                   6.0000                                  20080901
        511                     161,337.94                       85.00      NO MI                   6.0000                                  20080901
        512                      94,388.58                       75.00      NO MI                   6.0000                                  20080901
        513                     161,822.36                       90.00      NO MI                   0.0000
        514                     349,600.00                       80.00      NO MI                   6.0000                                  20080901
        515                     141,600.00                       80.00      NO MI                   6.0000                                  20080801
        516                      67,926.19                       85.00      NO MI                   0.0000
        517                     161,140.61                       75.00      NO MI                   0.0000
        518                     218,227.54                       80.00      NO MI                   6.0000                                  20080801
        519                     142,816.99                       78.14      NO MI                   6.0000                                  20090901
        520                     169,000.00                       42.78      NO MI                   6.0000                                  20080901
        521                     171,803.38                       80.00      NO MI                   4.5000                                  20090901
        522                     219,633.97                       47.01      NO MI                   0.0000
        523                     480,000.00                       80.00      NO MI                   6.0000                                  20080901
        524                      84,712.64                       80.00      NO MI                   6.0000                                  20080901
        525                      97,380.22                       75.00      NO MI                   6.0000                                  20080901
        526                      61,643.62                       67.76      NO MI                   0.0000
        527                      64,527.28                       85.00      NO MI                   6.0000                                  20080901
        528                     103,907.40                       65.00      NO MI                   0.0000
        529                      77,180.25                       75.00      NO MI                   0.0000
        530                     175,295.22                       90.00      NO MI                   6.0000                                  20080901
        531                      55,897.28                       70.00      NO MI                   6.0000                                  20090801
        532                     336,000.00                       80.00      NO MI                   6.0000                                  20080901
        533                     314,000.00                       72.18      NO MI                   0.0000
        534                      89,255.72                       80.00      NO MI                   0.0000
        535                     161,844.98                       90.00      NO MI                   6.0000                                  20080901
        536                     224,681.36                       74.85      NO MI                   6.0000                                  20080901
        537                     163,843.05                       72.89      NO MI                   0.0000
        538                     152,760.57                       82.70      NO MI                   0.0000
        539                     144,814.44                       81.46      NO MI                   0.0000
        540                     345,750.05                       80.00      NO MI                   6.0000                                  20080901
        541                     296,616.01                       90.00      NO MI                   6.0000                                  20080901
        542                     251,926.40                       90.00      NO MI                   6.0000                                  20080801
        543                     184,390.83                       90.00      NO MI                   6.0000                                  20080901
        544                     386,588.69                       90.00      NO MI                   4.5000                                  20090901
        545                     499,392.05                       80.00      NO MI                   6.0000                                  20080901
        546                     351,471.52                       80.00      NO MI                   6.0000                                  20080901
        547                      71,896.78                       90.00      NO MI                   6.0000                                  20080801
        548                      71,036.15                       90.00      NO MI                   6.0000                                  20080901
        549                      85,758.59                       75.00      NO MI                   0.0000
        550                     248,678.37                       80.00      NO MI                   0.0000
        551                     139,822.65                       77.35      NO MI                   6.0000                                  20080901
        552                     261,846.23                       95.00      NO MI                   4.5000                                  20090901
        553                     414,822.02                       84.01      NO MI                   6.0000                                  20080901
        554                      49,925.55                       54.35      NO MI                   0.0000
        555                     178,033.04                       90.00      NO MI                   6.0000                                  20080901
        556                     151,788.03                       80.00      NO MI                   6.0000                                  20080901
        557                      50,344.99                       80.00      NO MI                   6.0000                                  20080801
        558                     367,446.56                       80.00      NO MI                   6.0000                                  20080901
        559                     146,062.28                       85.00      NO MI                   4.5000                                  20090901
        560                      67,442.52                       90.00      NO MI                   6.0000                                  20080901
        561                     251,771.28                       95.09      NO MI                   6.0000                                  20080901
        562                     251,575.43                       95.00      NO MI                   6.0000                                  20080901
        563                      69,938.46                       73.68      NO MI                   6.0000                                  20090901
        564                     180,000.00                       80.00      NO MI                   6.0000                                  20080901
        565                     210,408.85                       90.00      NO MI                   6.0000                                  20080901
        566                     174,659.24                       75.98      NO MI                   6.0000                                  20080901
        567                     722,500.00                       90.31      NO MI                   6.0000                                  20090901
        568                     319,698.23                       80.00      NO MI                   6.0000                                  20080801
        569                     137,792.58                       71.88      NO MI                   6.0000                                  20080801
        570                      63,810.90                       90.00      NO MI                   6.0000                                  20080901
        571                     374,364.98                       68.18      NO MI                   6.0000                                  20080901
        572                     280,241.13                       80.00      NO MI                   6.0000                                  20080901
        573                     319,802.32                       80.00      NO MI                   6.0000                                  20080901
        574                     155,522.03                       90.00      NO MI                   6.0000                                  20080901
        575                   1,115,819.42                       75.00      NO MI                   6.0000                                  20090901
        576                     387,386.77                       80.00      NO MI                   6.0000                                  20080901
        577                     200,443.27                       85.00      NO MI                   0.0000
        578                     310,500.00                       90.00      NO MI                   6.0000                                  20080901
        579                     374,837.66                       95.00      NO MI                   0.0000
        580                     382,066.06                       74.00      NO MI                   0.0000
        581                     349,463.04                       55.12      NO MI                   0.0000
        582                      69,341.20                      100.00      NO MI                   0.0000
        583                     211,762.65                       80.00      NO MI                   6.0000                                  20090901
        584                     318,303.13                       85.00      NO MI                   6.0000                                  20080901
        585                     411,305.53                       84.95      NO MI                   6.0000                                  20090801
        586                     319,800.89                       80.00      NO MI                   6.0000                                  20080801
        587                      94,901.10                       47.50      NO MI                   6.0000                                  20080901
        588                     381,535.52                       84.89      NO MI                   6.0000                                  20090901
        589                     368,000.00                       80.00      NO MI                   6.0000                                  20080801
        590                     416,075.00                       85.00      NO MI                   6.0000                                  20080801
        591                     375,155.69                       80.00      NO MI                   0.0000
        592                     239,596.96                       80.00      NO MI                   6.0000                                  20080901
        593                     543,729.63                       80.00      NO MI                   6.0000                                  20080901
        594                     264,824.16                       89.83      NO MI                   6.0000                                  20080901
        595                     126,728.34                       90.00      NO MI                   4.5000                                  20080801
        596                     189,738.87                       95.00      NO MI                   6.0000                                  20080801
        597                     152,819.88                       90.00      NO MI                   6.0000                                  20090801
        598                     124,734.23                       80.00      NO MI                   6.0000                                  20080901
        599                      49,970.25                      100.00      NO MI                   0.0000
        600                     339,810.12                       85.00      NO MI                   6.0000                                  20090901
        601                     310,992.04                       90.00      NO MI                   6.0000                                  20080801
        602                     284,602.14                       85.00      NO MI                   6.0000                                  20080901
        603                     247,512.48                       80.00      NO MI                   6.0000                                  20080801
        604                     318,888.04                       80.00      NO MI                   4.5000                                  20090901
        605                     239,714.12                       80.00      NO MI                   0.0000
        606                      55,556.38                      100.00      NO MI                   0.0000
        607                     171,638.88                       90.00      NO MI                   6.0000                                  20090901
        608                     268,000.00                       80.00      NO MI                   6.0000                                  20080901
        609                     181,312.98                       80.00      NO MI                   0.0000
        610                     205,420.57                       80.00      NO MI                   6.0000                                  20090801
        611                      93,503.59                       80.00      NO MI                   0.0000
        612                      61,765.99                      100.00      NO MI                   0.0000
        613                     118,693.32                       90.00      NO MI                   6.0000                                  20090901
        614                     517,787.60                       85.00      NO MI                   0.0000
        615                      71,946.98                       90.00      NO MI                   6.0000                                  20080901
        616                     358,602.31                       90.00      NO MI                   6.0000                                  20080801
        617                     363,802.53                       70.00      NO MI                   6.0000                                  20080901
        618                     349,494.27                       70.00      NO MI                   0.0000
        619                      63,710.84                       71.11      NO MI                   0.0000
        620                     390,571.24                       85.00      NO MI                   4.5000                                  20090901
        621                     184,673.34                       84.09      NO MI                   4.5000                                  20090801
        622                      59,948.90                       49.79      NO MI                   0.0000
        623                     567,464.37                       80.00      NO MI                   6.0000                                  20080801
        624                      99,889.77                       58.48      NO MI                   6.0000                                  20080901
        625                     115,860.38                       74.84      NO MI                   0.0000
        626                     153,741.48                       95.00      NO MI                   6.0000                                  20080901
        627                     367,748.79                       80.00      NO MI                   6.0000                                  20080901
        628                     237,500.00                       95.00      NO MI                   0.0000
        629                      94,938.99                       62.09      NO MI                   6.0000                                  20080901
        630                      96,711.74                       80.00      NO MI                   6.0000                                  20090901
        631                     284,000.00                       80.00      NO MI                   6.0000                                  20080901
        632                     171,862.31                       80.00      NO MI                   6.0000                                  20090901
        633                     124,000.00                       80.00      NO MI                   6.0000                                  20080801
        634                     339,731.48                       85.00      NO MI                   6.0000                                  20080901
        635                     467,512.44                       80.00      NO MI                   6.0000                                  20080801
        636                     454,706.59                       71.65      NO MI                   6.0000                                  20080901
        637                     208,712.83                       95.00      NO MI                   0.0000
        638                     204,000.00                       80.00      NO MI                   6.0000                                  20080901
        639                     318,346.23                       75.00      NO MI                   6.0000                                  20080901
        640                     436,000.00                       80.00      NO MI                   6.0000                                  20080901
        641                     256,215.79                       90.00      NO MI                   4.5000                                  20090901
        642                     998,856.99                       88.50      NO MI                   6.0000                                  20080901
        643                     274,199.00                       90.00      NO MI                   6.0000                                  20080901
        644                      32,978.08                      100.00      NO MI                   0.0000
        645                     363,379.24                       75.00      NO MI                   0.0000
        646                     235,730.25                       68.88      NO MI                   0.0000
        647                     412,372.68                       72.93      NO MI                   5.7500                                  20090901
        648                     415,157.08                       85.00      NO MI                   5.7500                                  20090901
        649                     104,794.79                       85.00      NO MI                   5.7500                                  20080901
        650                     105,891.38                       67.95      NO MI                   6.0000                                  20090901
        651                     159,805.03                       80.00      NO MI                   6.0000                                  20090901
        652                     519,692.89                      100.00      NO MI                   6.0000                                  20090801
        653                     575,578.27                       90.00      NO MI                   6.0000                                  20080901
        654                     171,703.99                       80.00      NO MI                   6.0000                                  20090801
        655                     351,817.21                       80.00      NO MI                   6.0000                                  20090901
        656                     167,769.16                       80.00      NO MI                   0.0000
        657                     620,000.00                       80.00      NO MI                   6.0000                                  20080901
        658                     363,694.08                       80.00      NO MI                   6.0000                                  20080801
        659                     227,862.93                       80.00      NO MI                   0.0000
        660                     148,435.17                       72.46      NO MI                   6.0000                                  20080901
        661                     324,109.46                       89.96      NO MI                   0.0000
        662                     100,164.67                       85.00      NO MI                   6.0000                                  20080901
        663                     120,620.12                       85.67      NO MI                   6.0000                                  20090901
        664                     235,000.00                       90.38      NO MI                   6.0000                                  20080901
        665                     251,499.57                       90.00      NO MI                   6.0000                                  20080801
        666                     356,000.00                       80.00      NO MI                   0.0000
        667                      90,917.40                       62.33      NO MI                   0.0000
        668                     394,710.60                       79.00      NO MI                   6.0000                                  20080901
        669                     511,749.44                       80.00      NO MI                   0.0000
        670                     251,029.34                       75.00      NO MI                   6.0000                                  20080901
        671                     143,744.43                       67.92      NO MI                   4.5000                                  20090801
        672                     476,326.93                       90.00      NO MI                   6.0000                                  20090801
        673                     193,162.48                       90.00      NO MI                   6.0000                                  20090901
        674                     220,000.00                       80.00      NO MI                   6.0000                                  20080901
        675                     382,338.39                       90.00      NO MI                   6.0000                                  20080901
        676                     493,766.49                       90.00      NO MI                   6.0000                                  20080801
        677                     138,595.09                       95.00      NO MI                   6.0000                                  20080901
        678                     251,874.76                       90.00      NO MI                   6.0000                                  20080901
        679                     778,831.61                       95.00      NO MI                   6.0000                                  20080901
        680                     110,612.57                       90.00      NO MI                   6.0000                                  20090901
        681                     387,200.00                       80.00      NO MI                   6.0000                                  20090801
        682                     221,798.51                       79.57      NO MI                   6.0000                                  20090901
        683                     202,088.80                       90.00      NO MI                   6.0000                                  20080801
        684                     191,826.68                       80.00      NO MI                   6.0000                                  20080901
        685                     171,720.40                       80.00      NO MI                   4.5000                                  20080801
        686                     309,783.12                       85.00      NO MI                   0.0000
        687                     898,402.65                       90.00      NO MI                   6.0000                                  20080801
        688                     255,654.60                       89.82      NO MI                   0.0000
        689                     361,862.77                       95.00      NO MI                   6.0000                                  20080901
        690                     399,435.58                       94.12      NO MI                   4.5000                                  20090801
        691                     311,600.00                       95.00      NO MI                   6.0000                                  20080901
        692                     157,336.05                       90.00      NO MI                   6.0000                                  20080901
        693                     112,368.72                       90.00      NO MI                   6.0000                                  20090901
        694                     232,496.91                       85.00      NO MI                   6.0000                                  20090901
        695                     191,614.83                       73.45      NO MI                   4.2500                                  20090801
        696                     133,362.48                       79.94      NO MI                   6.0000                                  20080901
        697                     236,590.75                       52.48      NO MI                   0.0000
        698                     220,783.45                       92.08      NO MI                   6.0000                                  20090901
        699                     654,237.49                       85.00      NO MI                   6.0000                                  20080901
        700                      63,962.37                      100.00      NO MI                   0.0000
        701                     324,164.01                       52.00      NO MI                   0.0000
        702                     147,129.99                       80.00      NO MI                   6.0000                                  20080901
        703                     415,528.41                       86.67      NO MI                   6.0000                                  20080901
        704                     180,744.33                       89.98      NO MI                   6.0000                                  20080901
        705                     211,631.39                       80.00      NO MI                   6.0000                                  20090801
        706                     127,284.44                       85.00      NO MI                   6.0000                                  20080901
        707                     171,875.75                       80.00      NO MI                   6.0000                                  20080901
        708                     104,862.85                       55.26      NO MI                   0.0000
        709                     180,000.00                       80.00      NO MI                   6.0000                                  20080901
        710                     322,712.28                       95.00      NO MI                   6.0000                                  20090901
        711                     684,000.00                       90.00      NO MI                   6.0000                                  20080901
        712                      72,932.35                      100.00      NO MI                   0.0000
        713                     320,930.63                       85.00      NO MI                   4.5000                                  20090801
        714                      25,288.09                      100.00      NO MI                   0.0000
        715                     255,837.26                       80.00      NO MI                   6.0000                                  20080901
        716                     256,083.19                       90.00      NO MI                   6.0000                                  20090801
        717                     233,533.30                       85.00      NO MI                   0.0000
        718                     307,396.24                       89.13      NO MI                   6.0000                                  20080901
        719                     359,553.20                       90.00      NO MI                   0.0000
        720                     219,824.37                       80.00      NO MI                   6.0000                                  20080901
        721                     260,553.68                       41.76      NO MI                   0.0000
        722                     157,237.26                       90.00      NO MI                   6.0000                                  20090801
        723                     374,751.18                       70.75      NO MI                   0.0000
        724                     276,000.00                       80.00      NO MI                   6.0000                                  20080801
        725                     203,578.16                       80.00      NO MI                   6.0000                                  20080801
        726                     613,613.73                       80.00      NO MI                   6.0000                                  20080901
        727                      82,375.91                       75.00      NO MI                   4.5000                                  20080901
        728                     384,370.00                       95.00      NO MI                   6.0000                                  20080901
        729                     113,636.61                       38.15      NO MI                   6.0000                                  20080801
        730                     149,758.19                       57.69      NO MI                   6.0000                                  20080901
        731                     435,240.76                       80.00      NO MI                   6.0000                                  20080901
        732                     164,739.20                       64.71      NO MI                   6.0000                                  20080901
        733                     297,739.18                       90.00      NO MI                   6.0000                                  20080801
        734                     416,061.92                       85.00      NO MI                   6.0000                                  20080901
        735                     404,538.46                       90.00      NO MI                   6.0000                                  20090801
        736                      79,916.72                      100.00      NO MI                   6.0000                                  20090901
        737                     175,850.15                       80.00      NO MI                   6.0000                                  20090901
        738                     414,382.74                       93.26      NO MI                   6.0000                                  20080801
        739                     600,000.00                       80.00      NO MI                   6.0000                                  20080801
        740                      53,933.65                       90.00      NO MI                   6.0000                                  20080901
        741                     257,273.68                       80.00      NO MI                   6.0000                                  20090901
        742                     549,257.94                       67.90      NO MI                   6.0000                                  20080901
        743                     165,103.41                       68.87      NO MI                   0.0000
        744                     103,819.18                       69.33      NO MI                   6.0000                                  20080801
        745                      67,419.59                       90.00      NO MI                   6.0000                                  20080901
        746                     340,234.29                       90.00      NO MI                   6.0000                                  20080801
        747                     312,000.00                       80.00      NO MI                   6.0000                                  20080901
        748                     599,584.57                       80.00      NO MI                   6.0000                                  20080901
        749                   1,248,229.82                       84.98      NO MI                   6.0000                                  20080901
        750                     233,309.08                       90.00      NO MI                   6.0000                                  20080801
        751                     509,600.00                       80.00      NO MI                   6.0000                                  20080801
        752                     408,889.89                       70.00      NO MI                   6.0000                                  20090901
        753                     304,817.17                       87.90      NO MI                   6.0000                                  20080801
        754                     224,830.46                       90.00      NO MI                   6.0000                                  20080901
        755                      75,957.23                      100.00      NO MI                   0.0000
        756                     303,551.85                       80.00      NO MI                   6.0000                                  20090901
        757                     379,561.13                       78.35      NO MI                   6.0000                                  20080901
        758                     364,639.43                       85.00      NO MI                   6.0000                                  20080801
        759                     463,716.00                       90.00      NO MI                   6.0000                                  20080801
        760                     185,112.88                       95.00      NO MI                   6.0000                                  20080901
        761                     143,877.20                       80.00      NO MI                   6.0000                                  20080801
        762                     365,615.11                       95.00      NO MI                   6.0000                                  20080801
        763                     760,000.00                       82.16      NO MI                   6.0000                                  20090801
        764                     171,429.56                       90.00      NO MI                   6.0000                                  20080801
        765                      34,954.88                      100.00      NO MI                   0.0000
        766                      69,929.39                       71.28      NO MI                   6.0000                                  20090901
        767                     234,727.64                       90.00      NO MI                   0.0000
        768                     179,734.65                       80.00      NO MI                   6.0000                                  20090901
        769                     561,272.43                       65.00      NO MI                   6.0000                                  20080801
        770                     332,339.52                       95.00      NO MI                   6.0000                                  20080901
        771                     305,586.44                       85.00      NO MI                   6.0000                                  20080901
        772                     299,814.68                       80.00      NO MI                   6.0000                                  20080901
        773                     477,554.77                       80.00      NO MI                   6.0000                                  20080901
        774                      89,916.56                       75.00      NO MI                   6.0000                                  20090901
        775                     279,331.13                       80.00      NO MI                   6.0000                                  20090801
        776                     381,490.84                       65.86      NO MI                   6.0000                                  20080901
        777                     149,275.49                       90.00      NO MI                   6.0000                                  20080901
        778                     134,812.88                       58.70      NO MI                   6.0000                                  20080901
        779                     153,624.19                       95.00      NO MI                   6.0000                                  20080901
        780                     372,258.55                       90.00      NO MI                   0.0000
        781                     330,953.87                       85.00      NO MI                   0.0000
        782                     367,841.71                       80.00      NO MI                   4.5000                                  20090901
        783                     179,673.90                       80.00      NO MI                   4.5000                                  20080801
        784                     451,999.33                       80.00      NO MI                   6.0000                                  20080801
        785                     372,000.00                       80.00      NO MI                   6.0000                                  20080901
        786                     267,743.64                       80.00      NO MI                   6.0000                                  20090801
        787                      79,886.71                       64.00      NO MI                   0.0000
        788                      60,732.63                       95.00      NO MI                   6.0000                                  20080901
        789                     470,886.55                       75.00      NO MI                   6.0000                                  20090801
        790                     150,134.84                       90.00      NO MI                   6.0000                                  20080901
        791                      98,908.21                      100.00      NO MI                   6.0000                                  20080901
        792                     350,626.94                       66.86      NO MI                   6.0000                                  20080901
        793                     310,380.02                       90.00      NO MI                   4.5000                                  20090901
        794                     380,000.00                       80.00      NO MI                   6.0000                                  20080801
        795                     175,605.68                       80.00      NO MI                   6.0000                                  20080801
        796                     356,000.00                       80.00      NO MI                   6.0000                                  20080801
        797                     345,978.89                       80.00      NO MI                   6.0000                                  20080801
        798                     382,500.00                       85.00      NO MI                   6.0000                                  20080801
        799                     224,000.00                       80.00      NO MI                   6.0000                                  20080801
        800                     352,000.00                       80.00      NO MI                   6.0000                                  20080901
        801                     128,508.87                       90.00      NO MI                   0.0000
        802                     215,819.99                       90.00      NO MI                   6.0000                                  20080901
        803                     302,597.90                       80.00      NO MI                   6.0000                                  20080801
        804                     359,107.79                       91.14      NO MI                   0.0000
        805                     398,567.01                       95.00      NO MI                   0.0000
        806                     105,074.46                       85.00      NO MI                   0.0000
        807                      91,623.79                       67.90      NO MI                   0.0000
        808                     260,419.64                       85.00      NO MI                   0.0000
        809                     211,250.65                       90.00      NO MI                   6.0000                                  20080901
        810                      76,440.22                       90.00      NO MI                   6.0000                                  20090901
        811                     360,000.00                       80.00      NO MI                   6.0000                                  20080901
        812                     402,732.61                       65.00      NO MI                   0.0000
        813                      66,891.98                       43.23      NO MI                   0.0000
        814                     212,510.54                       80.00      NO MI                   0.0000
        815                     568,000.00                       80.00      NO MI                   6.0000                                  20080801
        816                     379,523.52                       95.00      NO MI                   6.0000                                  20090901
        817                     312,000.00                       80.00      NO MI                   6.0000                                  20080801
        818                     244,673.43                       70.00      NO MI                   6.0000                                  20080901
        819                     307,772.41                       80.00      NO MI                   6.0000                                  20080801
        820                      68,257.98                      100.00      NO MI                   0.0000
        821                     345,768.94                       90.00      NO MI                   6.0000                                  20080801
        822                     291,449.86                       80.00      NO MI                   4.5000                                  20080801
        823                     403,937.70                       69.83      NO MI                   6.0000                                  20080801
        824                     205,139.78                       90.00      NO MI                   0.0000
        825                     171,738.73                       80.00      NO MI                   6.0000                                  20080901
        826                     208,517.60                       90.00      NO MI                   0.0000
        827                      52,956.04                      100.00      NO MI                   0.0000
        828                     231,862.32                       80.00      NO MI                   4.5000                                  20080801
        829                     185,169.72                      100.00      NO MI                   6.0000                                  20090801
        830                     151,829.81                       68.16      NO MI                   4.5000                                  20090901
        831                     428,975.02                       80.00      NO MI                   6.0000                                  20080901
        832                     329,949.00                       70.00      NO MI                   0.0000
        833                     366,387.75                       94.10      NO MI                   6.0000                                  20080801
        834                     331,505.66                       80.00      NO MI                   6.0000                                  20090901
        835                     355,277.12                       38.49      NO MI                   6.0000                                  20090801
        836                     400,966.92                       75.00      NO MI                   6.0000                                  20080801
        837                      82,703.57                       90.00      NO MI                   0.0000
        838                     163,886.28                       80.00      NO MI                   6.0000                                  20080901
        839                     166,372.69                       90.00      NO MI                   6.0000                                  20080901
        840                     366,923.99                       79.89      NO MI                   0.0000
        841                     407,892.42                       95.00      NO MI                   6.0000                                  20080801
        842                     131,482.43                       79.04      NO MI                   0.0000
        843                     193,428.29                       84.24      NO MI                   0.0000
        844                      67,427.91                       90.00      NO MI                   6.0000                                  20080801
        845                     365,602.07                       95.00      NO MI                   4.5000                                  20090801
        846                     246,345.78                       65.00      NO MI                   6.0000                                  20080801
        847                     787,487.46                       90.00      NO MI                   6.0000                                  20090801
        848                     297,205.38                       90.00      NO MI                   6.0000                                  20080901
        849                     422,427.89                       90.00      NO MI                   6.0000                                  20090801
        850                     247,228.02                       90.00      NO MI                   6.0000                                  20080901
        851                     363,960.00                       80.00      NO MI                   6.0000                                  20080801
        852                     279,743.40                       80.00      NO MI                   6.0000                                  20080801
        853                     181,754.93                       86.67      NO MI                   6.0000                                  20080901
        854                     213,750.00                       95.00      NO MI                   6.0000                                  20080901
        855                     379,832.12                       89.20      NO MI                   6.0000                                  20080901
        856                     363,200.60                       80.00      NO MI                   0.0000
        857                     124,884.71                       54.35      NO MI                   6.0000                                  20080901
        858                     364,056.80                       90.00      NO MI                   6.0000                                  20080901
        859                     394,317.90                       71.17      NO MI                   0.0000
        860                     286,712.65                       63.08      NO MI                   0.0000
        861                     383,612.67                       80.00      NO MI                   6.0000                                  20080901
        862                     314,658.15                       84.45      NO MI                   6.0000                                  20080901
        863                     112,408.22                       75.00      NO MI                   6.0000                                  20080901
        864                     489,299.08                       78.40      NO MI                   0.0000
        865                     175,750.75                       80.00      NO MI                   6.0000                                  20080901
        866                     159,845.26                       72.73      NO MI                   0.0000
        867                     344,095.09                       79.31      NO MI                   6.0000                                  20090801
        868                     134,767.67                       90.00      NO MI                   6.0000                                  20080801
        869                     129,896.67                       85.00      NO MI                   6.0000                                  20090901
        870                     127,823.17                       80.00      NO MI                   6.0000                                  20080801
        871                     222,016.24                       81.80      NO MI                   0.0000
        872                     278,015.38                       80.00      NO MI                   6.0000                                  20080801
        873                     338,961.25                       90.00      NO MI                   0.0000
        874                     158,272.53                       80.00      NO MI                   6.0000                                  20090801
        875                     371,150.00                       75.00      NO MI                   6.0000                                  20090801
        876                     323,463.95                       90.00      NO MI                   0.0000
        877                     619,455.84                       80.00      NO MI                   6.0000                                  20080801
        878                     392,797.80                       90.00      NO MI                   6.0000                                  20080801
        879                     371,337.86                       88.15      NO MI                   0.0000
        880                     367,647.97                       80.00      NO MI                   6.0000                                  20090801
        881                     374,437.76                       78.95      NO MI                   6.0000                                  20090801
        882                     175,585.58                       80.00      NO MI                   6.0000                                  20090801
        883                     228,600.00                       90.00      NO MI                   6.0000                                  20080901
        884                     157,294.28                       90.00      NO MI                   6.0000                                  20080901
        885                     272,290.86                       87.22      NO MI                   6.0000                                  20090801
        886                     387,000.00                       90.00      NO MI                   6.0000                                  20080801
        887                     734,365.73                       85.00      NO MI                   6.0000                                  20080801
        888                     496,000.00                       80.00      NO MI                   6.0000                                  20080801
        889                     447,960.00                       80.00      NO MI                   6.0000                                  20080801
        890                     365,932.21                       77.11      NO MI                   6.0000                                  20080801
        891                     356,026.18                       95.00      NO MI                   6.0000                                  20090901
        892                     288,000.00                       80.00      NO MI                   6.0000                                  20080801
        893                     139,326.12                       90.00      NO MI                   4.5000                                  20080801
        894                     128,280.20                       90.00      NO MI                   0.0000
        895                     302,384.74                       74.83      NO MI                   6.0000                                  20080801
        896                     144,000.00                       80.00      NO MI                   6.0000                                  20080901
        897                     406,011.32                       78.25      NO MI                   0.0000
        898                     232,124.18                       80.00      NO MI                   6.0000                                  20080901
        899                     221,617.98                       40.36      NO MI                   6.0000                                  20080801
        900                     529,307.78                       81.54      NO MI                   6.0000                                  20080901
        901                     358,687.17                       84.47      NO MI                   4.5000                                  20090801
        902                     311,920.00                       80.00      NO MI                   6.0000                                  20080801
        903                     334,688.59                       67.68      NO MI                   6.0000                                  20090801
        904                      74,885.36                       88.24      NO MI                   6.0000                                  20090801
        905                     314,774.48                       79.75      NO MI                   6.0000                                  20080801
        906                     244,282.46                       62.82      NO MI                   6.0000                                  20080801
        907                     418,112.04                       90.00      NO MI                   6.0000                                  20090901
        908                     317,840.67                       80.00      NO MI                   6.0000                                  20090801
        909                     159,925.55                       80.00      NO MI                   4.5000                                  20090901
        910                     488,229.14                       80.00      NO MI                   6.0000                                  20080801
        911                     480,000.00                       78.30      NO MI                   6.0000                                  20080801
        912                     331,330.63                       80.00      NO MI                   0.0000
        913                     355,909.20                       75.00      NO MI                   6.0000                                  20080801
        914                     370,703.83                       72.75      NO MI                   6.0000                                  20080901
        915                     387,726.25                       80.00      NO MI                   6.0000                                  20080801
        916                     266,647.72                       55.63      NO MI                   0.0000
        917                     222,700.97                       90.00      NO MI                   0.0000
        918                     322,275.96                       95.00      NO MI                   0.0000
        919                     192,682.26                       95.00      NO MI                   6.0000                                  20080901
        920                     272,241.58                       80.00      NO MI                   6.0000                                  20080801
        921                     318,396.81                       75.00      NO MI                   0.0000
        922                     587,657.09                       80.00      NO MI                   6.0000                                  20080901
        923                     389,610.63                       71.56      NO MI                   0.0000
        924                     363,707.08                       65.00      NO MI                   0.0000
        925                     159,558.46                       85.00      NO MI                   6.0000                                  20080801
        926                     476,031.43                       90.00      NO MI                   6.0000                                  20080801
        927                     151,845.06                       95.00      NO MI                   6.0000                                  20090901
        928                     157,949.15                       90.00      NO MI                   6.0000                                  20080801
        929                      79,909.49                       64.00      NO MI                   6.0000                                  20090901
        930                     379,222.13                       80.00      NO MI                   7.1250                                  20080801
        931                     254,664.59                       85.00      NO MI                   6.0000                                  20090801
        932                     390,061.28                       80.00      NO MI                   4.5000                                  20090801
        933                     364,079.28                       79.35      NO MI                   6.0000                                  20080801
        934                     502,973.51                       80.00      NO MI                   4.5000                                  20090801
        935                     395,346.19                       90.00      NO MI                   6.0000                                  20080801
        936                     399,830.59                      100.00      NO MI                   6.0000                                  20080801
        937                     287,778.14                       80.00      NO MI                   6.0000                                  20080801
        938                     244,000.00                       80.00      NO MI                   6.0000                                  20080901
        939                     414,645.47                       80.58      NO MI                   0.0000
        940                     376,158.05                       90.00      NO MI                   0.0000
        941                     143,796.06                       80.00      NO MI                   0.0000
        942                     239,860.35                       80.00      NO MI                   6.0000                                  20080801
        943                     348,433.38                       80.00      NO MI                   0.0000
        944                     228,000.00                       80.00      NO MI                   6.0000                                  20080801
        945                     423,920.00                       79.99      NO MI                   6.0000                                  20080801
        946                     335,262.08                       80.00      NO MI                   6.0000                                  20080801
        947                      50,950.32                       85.00      NO MI                   6.0000                                  20080801
        948                     445,761.29                       74.42      NO MI                   6.0000                                  20080801
        949                     360,216.84                       95.00      NO MI                   0.0000
        950                     308,750.00                       95.00      NO MI                   6.0000                                  20080801
        951                     411,479.68                       75.00      NO MI                   0.0000
        952                     243,510.53                       80.00      NO MI                   6.0000                                  20080801
        953                     383,779.89                       80.00      NO MI                   6.0000                                  20080801
        954                     158,675.88                       80.00      NO MI                   6.0000                                  20080801
        955                     287,396.89                       80.00      NO MI                   6.0000                                  20080801
        956                     322,468.93                       95.00      NO MI                   0.0000
        957                     175,328.48                       90.00      NO MI                   4.5000                                  20090901
        958                     243,028.57                       65.81      NO MI                   0.0000
        959                     356,579.79                       85.00      NO MI                   6.0000                                  20080801
        960                     329,641.34                       71.74      NO MI                   0.0000
        961                      82,542.09                       70.00      NO MI                   0.0000
        962                     129,387.85                       70.00      NO MI                   4.5000                                  20080901
        963                     387,125.00                       95.00      NO MI                   6.0000                                  20080801
        964                     414,764.87                       61.03      NO MI                   4.5000                                  20090901
        965                     209,305.30                      100.00      NO MI                   6.0000                                  20080801
        966                     439,637.24                      100.00      NO MI                   6.0000                                  20080901
        967                     680,000.00                       80.00      NO MI                   6.0000                                  20080801
        968                     399,565.26                       66.67      NO MI                   6.0000                                  20090801
        969                     184,525.09                       95.00      NO MI                   6.0000                                  20080801
        970                     311,776.61                       80.00      NO MI                   6.0000                                  20080801
        971                     189,492.56                       80.00      NO MI                   6.0000                                  20080901
        972                     127,336.05                       45.23      NO MI                   0.0000
        973                     622,844.85                       80.00      NO MI                   6.0000                                  20080801
        974                     722,000.00                       84.94      NO MI                   0.0000
        975                     328,181.70                       85.00      NO MI                   6.0000                                  20080801
        976                     357,270.23                       75.00      NO MI                   6.0000                                  20080801
        977                     624,000.00                       80.00      NO MI                   6.0000                                  20090801
        978                     447,137.06                       80.00      NO MI                   6.0000                                  20080801
        979                     411,998.34                       70.00      NO MI                   6.0000                                  20080801
        980                      64,882.14                       31.40      NO MI                   0.0000
        981                     612,000.00                       90.00      NO MI                   6.0000                                  20090801
        982                     117,889.09                       54.89      NO MI                   4.5000                                  20090901
        983                     387,553.92                       80.00      NO MI                   0.0000
        984                     131,974.52                       95.00      NO MI                   0.0000
        985                     379,608.59                       80.00      NO MI                   6.0000                                  20090901
        986                     231,690.77                       80.00      NO MI                   4.5000                                  20090901
        987                     163,685.69                       80.00      NO MI                   4.5000                                  20090801
        988                     247,136.49                       90.00      NO MI                   6.0000                                  20080801
        989                     271,000.00                       71.69      NO MI                   0.0000
        990                     372,983.99                       90.00      NO MI                   6.0000                                  20080801
        991                     387,000.00                       90.00      NO MI                   6.0000                                  20080801
        992                     395,020.51                       94.29      NO MI                   0.0000
        993                     406,010.79                       88.00      NO MI                   0.0000
        994                     570,306.33                       68.04      NO MI                   6.0000                                  20080801
        995                     338,547.91                       95.00      NO MI                   4.2500                                  20080801
        996                     293,354.35                       50.87      NO MI                   6.0000                                  20090801
        997                      83,170.91                       85.00      NO MI                   0.0000
        998                     227,719.11                       95.00      NO MI                   6.0000                                  20080901
        999                     149,354.71                       62.50      NO MI                   0.0000
       1000                     409,500.00                       90.00      NO MI                   6.0000                                  20080801
       1001                     265,955.36                       90.00      NO MI                   0.0000
       1002                     358,093.38                       57.03      NO MI                   6.0000                                  20090801
       1003                     242,598.61                       80.00      NO MI                   6.0000                                  20080801
       1004                     543,593.45                       85.00      NO MI                   6.0000                                  20090801
       1005                     239,429.29                       71.64      NO MI                   6.0000                                  20080801
       1006                     215,783.10                       80.00      NO MI                   6.0000                                  20090801
       1007                     369,864.05                       85.00      NO MI                   6.0000                                  20080801
       1008                     257,865.69                       80.00      NO MI                   6.0000                                  20080801
       1009                     372,274.35                       95.00      NO MI                   6.0000                                  20080901
       1010                     308,242.35                       65.00      NO MI                   0.0000
       1011                     275,875.89                       90.00      NO MI                   6.0000                                  20080801
       1012                     111,828.18                       73.20      NO MI                   0.0000
       1013                     222,781.35                       95.00      NO MI                   4.5000                                  20090801
       1014                     342,609.40                       80.00      NO MI                   6.0000                                  20080801
       1015                     275,918.26                       90.00      NO MI                   4.5000                                  20090801
       1016                     312,000.00                       80.00      NO MI                   6.0000                                  20080801
       1017                     371,977.61                       89.86      NO MI                   0.0000
       1018                     399,010.62                       78.43      NO MI                   6.0000                                  20080801
       1019                     509,239.11                       73.91      NO MI                   0.0000
       1020                     306,907.68                       59.71      NO MI                   6.0000                                  20090801
       1021                     344,000.00                       80.00      NO MI                   6.0000                                  20090801
       1022                     350,299.46                       90.00      NO MI                   6.0000                                  20090801
       1023                     377,206.97                       80.00      NO MI                   6.0000                                  20080901
       1024                     176,901.87                       90.00      NO MI                   4.5000                                  20090801
       1025                     199,480.49                       80.00      NO MI                   6.0000                                  20080801
       1026                     303,546.70                       80.00      NO MI                   6.0000                                  20080801
       1027                     304,000.00                       80.00      NO MI                   6.0000                                  20080801
       1028                     521,626.28                       90.00      NO MI                   6.0000                                  20080801
       1029                     453,829.61                       73.98      NO MI                   0.0000
       1030                     389,712.48                       78.79      NO MI                   6.0000                                  20090801
       1031                     289,691.77                       38.67      NO MI                   0.0000
       1032                     370,745.03                       75.00      NO MI                   6.0000                                  20080901
       1033                     390,387.17                       85.00      NO MI                   6.0000                                  20080801
       1034                     468,262.09                       74.40      NO MI                   6.0000                                  20080901
       1035                      41,951.09                      100.00      NO MI                   0.0000
       1036                     193,392.52                       80.00      NO MI                   6.0000                                  20090801
       1037                     191,706.84                       80.00      NO MI                   4.5000                                  20080801
       1038                      68,303.46                       90.00      NO MI                   0.0000
       1039                     299,616.08                       46.15      NO MI                   6.0000                                  20090901
       1040                     357,777.53                       71.60      NO MI                   6.0000                                  20080901
       1041                     327,702.32                       80.00      NO MI                   0.0000
       1042                     151,655.85                       80.00      NO MI                   6.0000                                  20080801
       1043                     367,199.86                       80.00      NO MI                   6.0000                                  20090801
       1044                     179,595.90                       80.00      NO MI                   6.0000                                  20080801
       1045                     289,444.22                       90.56      NO MI                   6.0000                                  20090801
       1046                     643,500.00                       90.00      NO MI                   0.0000
       1047                     255,536.21                       80.00      NO MI                   0.0000
       1048                     179,605.00                       90.00      NO MI                   6.0000                                  20090801
       1049                     355,713.51                       80.00      NO MI                   6.0000                                  20080801
       1050                     239,462.30                       80.00      NO MI                   0.0000
       1051                     168,751.24                       79.72      NO MI                   6.0000                                  20080801
       1052                     588,000.00                       80.00      NO MI                   6.0000                                  20080801
       1053                     322,524.58                       85.00      NO MI                   0.0000
       1054                     105,887.33                       38.55      NO MI                   6.0000                                  20090901
       1055                     188,701.58                       90.00      NO MI                   6.0000                                  20090801
       1056                     177,224.69                       79.95      NO MI                   6.0000                                  20080801
       1057                     313,591.59                       90.00      NO MI                   6.0000                                  20080801
       1058                     399,187.77                       69.20      NO MI                   6.0000                                  20080801
       1059                     382,241.17                       90.00      NO MI                   6.0000                                  20080801
       1060                     624,000.00                       80.00      NO MI                   6.0000                                  20080801
       1061                     374,675.58                       78.37      NO MI                   6.0000                                  20080801
       1062                     146,787.60                       64.76      NO MI                   6.0000                                  20090901
       1063                     543,261.41                       80.00      NO MI                   6.0000                                  20080801
       1064                     279,541.70                       80.00      NO MI                   6.0000                                  20080801
       1065                     397,293.61                       64.72      NO MI                   6.0000                                  20080801
       1066                     253,484.23                       48.02      NO MI                   0.0000
       1067                     149,095.84                       95.30      NO MI                   4.5000                                  20080801
       1068                     315,684.51                       80.00      NO MI                   6.0000                                  20080801
       1069                     360,000.00                       79.12      NO MI                   6.0000                                  20080801
       1070                     130,463.30                       90.00      NO MI                   6.0000                                  20080901
       1071                     147,708.04                       80.00      NO MI                   6.0000                                  20090801
       1072                      99,804.40                       42.15      NO MI                   0.0000
       1073                     143,947.59                       80.00      NO MI                   6.0000                                  20080901
       1074                      90,907.24                       58.71      NO MI                   0.0000
       1075                     334,277.12                       90.00      NO MI                   6.0000                                  20090801
       1076                     165,830.12                       80.00      NO MI                   6.0000                                  20090801
       1077                     314,723.10                       90.00      NO MI                   6.0000                                  20090901
       1078                     261,599.14                       70.00      NO MI                   6.0000                                  20080801
       1079                     239,542.38                       80.00      NO MI                   6.0000                                  20080801
       1080                     445,657.30                       95.00      NO MI                   6.0000                                  20090801
       1081                     350,671.14                       90.00      NO MI                   6.0000                                  20080901
       1082                     261,613.93                       58.67      NO MI                   6.0000                                  20080801
       1083                     416,000.00                       80.00      NO MI                   6.0000                                  20080801
       1084                     247,208.66                       75.00      NO MI                   4.5000                                  20090801
       1085                     354,489.62                       80.00      NO MI                   6.0000                                  20080801
       1086                     318,878.28                       90.00      NO MI                   6.0000                                  20080801
       1087                     159,791.03                       75.12      NO MI                   6.0000                                  20080901
       1088                      64,928.71                       73.03      NO MI                   6.0000                                  20080901
       1089                     308,218.69                       95.00      NO MI                   6.0000                                  20080801
       1090                     399,577.35                       78.43      NO MI                   6.0000                                  20090801
       1091                     416,129.14                       85.00      NO MI                   0.0000
       1092                     254,563.63                       80.00      NO MI                   6.0000                                  20080801
       1093                     416,188.56                       43.89      NO MI                   0.0000
       1094                     372,548.57                       90.00      NO MI                   0.0000
       1095                     309,420.87                       70.45      NO MI                   6.0000                                  20080801
       1096                     328,346.99                       94.73      NO MI                   6.0000                                  20080901
       1097                     132,000.00                       80.00      NO MI                   6.0000                                  20090901
       1098                     243,149.54                       76.99      NO MI                   6.0000                                  20080801
       1099                     391,016.39                       90.00      NO MI                   5.7500                                  20080901
       1100                     299,747.84                       80.00      NO MI                   6.0000                                  20090801
       1101                     251,768.86                       70.00      NO MI                   6.0000                                  20080901
       1102                     228,000.00                       80.00      NO MI                   6.0000                                  20080801
       1103                     295,913.55                       80.00      NO MI                   6.0000                                  20080901
       1104                     279,942.32                       80.00      NO MI                   4.5000                                  20080801
       1105                     747,954.91                       56.60      NO MI                   0.0000
       1106                      49,958.18                       40.49      NO MI                   0.0000
       1107                      90,608.76                       80.00      NO MI                   6.0000                                  20080801
       1108                     396,000.00                       90.00      NO MI                   4.5000                                  20090801
       1109                     474,693.30                       95.00      NO MI                   0.0000
       1110                   1,182,217.51                       85.00      NO MI                   6.0000                                  20090801
       1111                     269,653.73                       86.54      NO MI                   6.0000                                  20090801
       1112                     435,477.31                       80.00      NO MI                   6.0000                                  20080801
       1113                     265,868.84                       95.00      NO MI                   6.0000                                  20080801
       1114                     205,192.90                       80.00      NO MI                   6.0000                                  20080801
       1115                     411,655.61                       84.18      NO MI                   6.0000                                  20090801
       1116                     341,470.07                       90.00      NO MI                   0.0000
       1117                     562,500.00                       90.00      NO MI                   6.0000                                  20080901
       1118                     318,872.13                       80.00      NO MI                   6.0000                                  20080801
       1119                     409,326.57                       90.00      NO MI                   6.0000                                  20090801
       1120                     599,434.19                       80.00      NO MI                   6.0000                                  20080801
       1121                     335,920.00                       80.00      NO MI                   6.0000                                  20080801
       1122                     122,210.13                       90.00      NO MI                   6.0000                                  20080801
       1123                     342,000.00                       90.00      NO MI                   0.0000
       1124                     367,191.83                       80.00      NO MI                   6.0000                                  20080801
       1125                     265,163.12                       90.00      NO MI                   6.0000                                  20080801
       1126                     384,589.94                       80.00      NO MI                   6.0000                                  20080801
       1127                     361,528.61                       60.00      NO MI                   0.0000
       1128                     344,834.06                       90.00      NO MI                   5.5000                                  20080801
       1129                     343,266.91                       80.00      NO MI                   6.0000                                  20080801
       1130                     325,581.36                       95.00      NO MI                   6.0000                                  20090901
       1131                     299,327.75                       90.00      NO MI                   4.5000                                  20090801
       1132                     347,454.56                       80.00      NO MI                   4.5000                                  20090801
       1133                     208,734.79                      100.00      NO MI                   6.0000                                  20090801
       1134                     393,449.48                       95.00      NO MI                   0.0000
       1135                     202,744.74                       80.00      NO MI                   0.0000
       1136                     204,601.08                       62.12      NO MI                   6.0000                                  20080801
       1137                     379,498.07                       80.00      NO MI                   0.0000
       1138                     972,793.73                       65.00      NO MI                   6.0000                                  20090801
       1139                     405,000.00                       86.17      NO MI                   0.0000
       1140                     512,798.08                       90.00      NO MI                   6.0000                                  20080901
       1141                     339,599.78                      100.00      NO MI                   6.0000                                  20080801
       1142                     786,439.68                       75.00      NO MI                   0.0000
       1143                     405,000.00                       90.00      NO MI                   6.0000                                  20080801
       1144                     324,105.19                       84.42      NO MI                   0.0000
       1145                     185,283.88                       80.00      NO MI                   6.0000                                  20080801
       1146                     115,783.92                       80.00      NO MI                   6.0000                                  20080801
       1147                      70,495.97                       85.00      NO MI                   0.0000
       1148                      66,431.25                       95.00      NO MI                   6.0000                                  20080801
       1149                     404,131.55                       95.00      NO MI                   6.0000                                  20090801
       1150                     260,452.89                       70.00      NO MI                   6.0000                                  20080801
       1151                     233,377.10                       90.00      NO MI                   6.0000                                  20080801
       1152                     748,615.64                       80.00      NO MI                   6.0000                                  20090801
       1153                     409,473.16                       73.87      NO MI                   0.0000
       1154                     630,430.49                       95.00      NO MI                   0.0000
       1155                     341,006.15                       85.00      NO MI                   6.0000                                  20080801
       1156                     575,356.13                       80.00      NO MI                   6.0000                                  20080801
       1157                     166,312.29                       90.00      NO MI                   0.0000
       1158                     882,000.00                       70.00      NO MI                   0.0000
       1159                     102,873.72                       65.19      NO MI                   6.0000                                  20090901
       1160                     205,361.41                       72.21      NO MI                   6.0000                                  20080801
       1161                     194,573.89                       75.00      NO MI                   0.0000
       1162                     385,220.00                       85.00      NO MI                   5.7500                                  20090801
       1163                     342,000.00                       95.00      NO MI                   0.0000
       1164                     224,495.90                       48.08      NO MI                   6.0000                                  20080801
       1165                     199,633.93                       80.00      NO MI                   6.0000                                  20080801
       1166                     241,716.56                       90.00      NO MI                   6.0000                                  20090801
       1167                     233,683.50                       90.00      NO MI                   6.0000                                  20080801
       1168                     191,788.35                       80.00      NO MI                   6.0000                                  20080801
       1169                     324,900.00                       90.00      NO MI                   6.0000                                  20080801
       1170                     251,486.75                       80.00      NO MI                   6.0000                                  20080801
       1171                     118,188.20                       90.00      NO MI                   0.0000
       1172                     158,156.85                       90.00      NO MI                   4.5000                                  20080801
       1173                      69,891.40                       46.67      NO MI                   6.0000                                  20080801
       1174                     275,748.17                       92.00      NO MI                   6.0000                                  20090901
       1175                     399,643.23                       90.00      NO MI                   6.0000                                  20080801
       1176                     296,785.54                       70.00      NO MI                   0.0000
       1177                     107,777.43                       90.00      NO MI                   6.0000                                  20080901
       1178                     396,825.68                       85.00      NO MI                   0.0000
       1179                     421,806.54                       90.00      NO MI                   6.0000                                  20080801
       1180                     187,299.75                       73.53      NO MI                   6.0000                                  20090801
       1181                     389,116.70                       95.00      NO MI                   6.0000                                  20090801
       1182                     223,923.59                       95.00      NO MI                   6.0000                                  20080801
       1183                     271,135.56                       70.00      NO MI                   0.0000
       1184                     215,810.41                       80.00      NO MI                   4.5000                                  20090801
       1185                     394,000.00                       94.94      NO MI                   6.0000                                  20090901
       1186                     284,000.00                       80.00      NO MI                   6.0000                                  20080801
       1187                      53,941.69                       90.00      NO MI                   6.0000                                  20090801
       1188                     250,637.20                       80.00      NO MI                   6.0000                                  20090801
       1189                     182,217.87                       80.00      NO MI                   6.0000                                  20080801
       1190                     679,019.58                       80.00      NO MI                   0.0000
       1191                     239,032.55                       51.48      NO MI                   6.0000                                  20090801
       1192                     306,758.73                       74.99      NO MI                   6.0000                                  20080901
       1193                     383,539.64                       69.19      NO MI                   0.0000
       1194                     324,091.93                       80.00      NO MI                   6.0000                                  20080801
       1195                     402,597.66                       84.84      NO MI                   6.0000                                  20090801
       1196                     243,616.41                       80.00      NO MI                   6.0000                                  20080801
       1197                     667,999.27                       80.00      NO MI                   6.0000                                  20080801
       1198                     384,666.91                       61.11      NO MI                   0.0000
       1199                     375,000.00                       93.75      NO MI                   6.0000                                  20090801
       1200                     394,000.00                       92.92      NO MI                   6.0000                                  20080801
       1201                     387,649.53                       80.00      NO MI                   6.0000                                  20080801
       1202                     385,989.76                       85.00      NO MI                   6.0000                                  20090801
       1203                     247,708.08                       80.00      NO MI                   6.0000                                  20090801
       1204                     802,603.61                       85.00      NO MI                   0.0000
       1205                     166,231.77                       90.00      NO MI                   6.0000                                  20080801
       1206                     377,358.67                       90.00      NO MI                   6.0000                                  20080801
       1207                      62,932.70                       90.00      NO MI                   6.0000                                  20080801
       1208                     259,456.37                       80.00      NO MI                   6.0000                                  20090801
       1209                     102,590.69                       85.00      NO MI                   6.0000                                  20090901
       1210                      58,420.88                       90.00      NO MI                   6.0000                                  20080801
       1211                      28,772.40                      100.00      NO MI                   0.0000
       1212                     414,000.00                       88.09      NO MI                   6.0000                                  20080801
       1213                     670,589.31                       75.00      NO MI                   6.0000                                  20080801
       1214                     519,599.44                       80.00      NO MI                   7.1250                                  20080801
       1215                     760,000.00                       95.00      NO MI                   6.0000                                  20080801
       1216                     482,947.67                       80.00      NO MI                   6.0000                                  20080801
       1217                     415,244.61                       80.00      NO MI                   6.0000                                  20080801
       1218                     322,534.51                       84.33      NO MI                   6.0000                                  20080801
       1219                     598,500.00                       95.00      NO MI                   6.0000                                  20080801
       1220                     359,589.73                       60.00      NO MI                   4.5000                                  20080801
       1221                     249,402.50                       64.70      NO MI                   6.0000                                  20090801
       1222                     202,545.72                       65.00      NO MI                   6.0000                                  20080901
       1223                     333,002.81                       95.00      NO MI                   0.0000
       1224                     321,812.72                       75.00      NO MI                   0.0000
       1225                     399,304.53                       80.00      NO MI                   6.0000                                  20080801
       1226                     389,324.56                       95.00      NO MI                   6.0000                                  20080801
       1227                     419,671.71                       80.00      NO MI                   6.0000                                  20080801
       1228                     338,969.73                       57.63      NO MI                   0.0000
       1229                     918,339.28                       65.00      NO MI                   0.0000
       1230                     243,200.00                       80.00      NO MI                   6.0000                                  20080801
       1231                     384,000.00                       80.00      NO MI                   6.0000                                  20080801
       1232                     354,095.92                       73.96      NO MI                   0.0000
       1233                     371,553.59                       79.15      NO MI                   6.0000                                  20080801
       1234                      69,869.48                       50.72      NO MI                   0.0000
       1235                     206,617.20                       90.00      NO MI                   6.0000                                  20080801
       1236                     600,000.00                       57.14      NO MI                   0.0000
       1237                     283,179.28                      100.00      NO MI                   6.0000                                  20080901
       1238                     515,363.94                       80.00      NO MI                   6.0000                                  20080801
       1239                     439,023.99                       80.00      NO MI                   6.0000                                  20080801
       1240                     248,000.00                       80.00      NO MI                   6.0000                                  20080801
       1241                     324,898.34                       80.00      NO MI                   6.0000                                  20080801
       1242                     203,749.30                       80.00      NO MI                   6.0000                                  20080801
       1243                     302,977.77                       75.00      NO MI                   6.0000                                  20080801
       1244                     265,700.11                       78.93      NO MI                   6.0000                                  20080801
       1245                     355,119.02                       90.00      NO MI                   0.0000
       1246                     313,500.00                       95.00      NO MI                   6.0000                                  20090801
       1247                     243,784.30                       80.00      NO MI                   6.0000                                  20080801
       1248                     861,503.92                       80.00      NO MI                   0.0000
       1249                     278,178.39                       45.00      NO MI                   0.0000
       1250                     411,285.28                       56.28      NO MI                   0.0000
       1251                     648,085.90                       65.00      NO MI                   0.0000
       1252                      64,439.96                      100.00      NO MI                   0.0000
       1253                     176,000.00                       80.00      NO MI                   6.0000                                  20080801
       1254                     170,711.76                       90.00      NO MI                   6.0000                                  20080801
       1255                     228,193.75                       87.60      NO MI                   0.0000
       1256                      90,190.45                       37.71      NO MI                   6.0000                                  20080801
       1257                     359,474.60                       80.00      NO MI                   6.0000                                  20080901
       1258                     391,000.00                       85.00      NO MI                   6.0000                                  20090801
       1259                     190,588.57                       90.00      NO MI                   6.0000                                  20090901
       1260                     319,338.32                       71.11      NO MI                   6.0000                                  20080801
       1261                     256,098.56                       89.69      NO MI                   6.0000                                  20090801
       1262                     379,903.42                       68.00      NO MI                   6.0000                                  20090801
       1263                     404,166.79                       67.50      NO MI                   6.0000                                  20090801
       1264                     398,974.82                       80.00      NO MI                   0.0000
       1265                     117,681.35                       75.00      NO MI                   0.0000
       1266                     321,777.47                       75.00      NO MI                   0.0000
       1267                     508,250.00                       95.00      NO MI                   0.0000
       1268                     367,632.58                       80.00      NO MI                   6.0000                                  20080801
       1269                     279,650.00                       85.00      NO MI                   6.0000                                  20080801
       1270                     136,889.44                       89.54      NO MI                   6.0000                                  20080901
       1271                     390,269.54                       85.00      NO MI                   6.0000                                  20090801
       1272                     225,786.86                       52.56      NO MI                   6.0000                                  20080801
       1273                     215,806.29                       80.00      NO MI                   4.5000                                  20090801
       1274                     407,380.29                       78.46      NO MI                   6.0000                                  20090801
       1275                      76,857.39                       95.00      NO MI                   0.0000
       1276                     247,216.94                      100.00      NO MI                   6.0000                                  20080801
       1277                     415,173.88                       80.00      NO MI                   6.0000                                  20080801
       1278                     144,622.99                       78.89      NO MI                   0.0000
       1279                     289,581.05                       90.00      NO MI                   0.0000
       1280                     289,690.31                      100.00      NO MI                   6.0000                                  20080801
       1281                     403,691.75                       75.00      NO MI                   0.0000
       1282                     116,812.97                       90.00      NO MI                   4.5000                                  20090801
       1283                     239,542.38                       67.61      NO MI                   6.0000                                  20080801
       1284                     386,400.00                       80.00      NO MI                   6.0000                                  20080801
       1285                     467,438.30                       90.00      NO MI                   0.0000
       1286                     539,483.45                       80.00      NO MI                   6.0000                                  20080801
       1287                     264,770.74                       60.92      NO MI                   6.0000                                  20090801
       1288                     267,493.88                       85.00      NO MI                   4.5000                                  20080801
       1289                     632,000.00                       80.00      NO MI                   6.0000                                  20080801
       1290                     249,263.77                       64.94      NO MI                   0.0000
       1291                     188,331.06                       65.00      NO MI                   6.0000                                  20080801
       1292                     178,131.83                       80.00      NO MI                   6.0000                                  20080801
       1293                     327,194.53                       80.00      NO MI                   6.0000                                  20080801
       1294                     479,200.00                       80.00      NO MI                   6.0000                                  20080801
       1295                     523,298.29                       80.00      NO MI                   0.0000
       1296                     615,024.42                       80.00      NO MI                   6.0000                                  20080801
       1297                     322,603.11                       95.00      NO MI                   6.0000                                  20080801
       1298                     326,626.02                       85.00      NO MI                   0.0000
       1299                      98,756.57                       90.00      NO MI                   6.0000                                  20090801
       1300                     357,851.16                       85.00      NO MI                   6.0000                                  20090901
       1301                     319,181.02                       90.00      NO MI                   4.5000                                  20090801
       1302                     158,243.54                       90.00      NO MI                   4.5000                                  20090901
       1303                     163,543.70                       90.00      NO MI                   6.0000                                  20080901
       1304                     331,992.31                       70.00      NO MI                   4.5000                                  20080801
       1305                     180,225.82                       95.00      NO MI                   6.0000                                  20080801
       1306                     334,519.35                       80.00      NO MI                   6.0000                                  20090801
       1307                     394,079.14                       63.71      NO MI                   0.0000
       1308                      47,295.96                      100.00      NO MI                   0.0000
       1309                     125,815.53                       90.00      NO MI                   0.0000
       1310                     190,522.11                       90.00      NO MI                   6.0000                                  20080801
       1311                     198,623.40                       79.92      NO MI                   0.0000
       1312                     254,955.49                       70.00      NO MI                   6.0000                                  20080801
       1313                     374,262.83                       78.13      NO MI                   0.0000
       1314                     379,664.05                       80.00      NO MI                   6.0000                                  20080801
       1315                     211,583.25                       80.00      NO MI                   6.0000                                  20080801
       1316                     520,000.00                       80.00      NO MI                   6.0000                                  20080801
       1317                     349,777.68                      100.00      NO MI                   6.0000                                  20080901
       1318                     359,586.12                       80.00      NO MI                   6.0000                                  20080801
       1319                     339,467.11                       80.00      NO MI                   4.5000                                  20090801
       1320                     359,679.45                       90.00      NO MI                   4.5000                                  20090801
       1321                     299,116.55                       44.78      NO MI                   0.0000
       1322                     320,000.00                       80.00      NO MI                   4.5000                                  20080801
       1323                     228,367.28                       80.00      NO MI                   6.0000                                  20080801
       1324                      88,998.44                       90.00      NO MI                   6.0000                                  20090801
       1325                     114,779.00                       95.00      NO MI                   6.0000                                  20080801
       1326                     219,087.83                       80.00      NO MI                   4.5000                                  20080901
       1327                     371,261.27                       80.00      NO MI                   6.0000                                  20090801
       1328                     214,014.27                       68.00      NO MI                   6.0000                                  20080801
       1329                     262,738.30                       48.89      NO MI                   0.0000
       1330                      51,903.50                      100.00      NO MI                   0.0000
       1331                      57,833.02                      100.00      NO MI                   0.0000
       1332                     848,432.38                       87.17      NO MI                   6.0000                                  20080901
       1333                     558,585.29                       90.00      NO MI                   0.0000
       1334                     805,000.00                       89.44      NO MI                   4.5000                                  20090801
       1335                     231,391.21                       80.00      NO MI                   6.0000                                  20080801
       1336                     569,682.92                       95.00      NO MI                   6.0000                                  20090801
       1337                     287,757.92                       79.56      NO MI                   6.0000                                  20080801
       1338                     296,000.00                       80.00      NO MI                   6.0000                                  20080801
       1339                     277,241.95                       74.13      NO MI                   0.0000
       1340                     390,370.19                       60.15      NO MI                   0.0000
       1341                     356,659.77                       90.00      NO MI                   6.0000                                  20090701
       1342                     255,648.25                       88.28      NO MI                   0.0000
       1343                     639,200.00                       80.00      NO MI                   6.0000                                  20080801
       1344                     410,400.00                       80.00      NO MI                   6.0000                                  20080801
       1345                     355,676.97                       85.00      NO MI                   0.0000
       1346                     404,400.00                       84.38      NO MI                   6.0000                                  20080701
       1347                     297,187.41                       57.09      NO MI                   0.0000
       1348                     377,210.48                       79.58      NO MI                   0.0000
       1349                     573,015.75                       85.00      NO MI                   6.0000                                  20080901
       1350                     358,705.40                       90.00      NO MI                   6.0000                                  20080901
       1351                     411,206.41                       79.23      NO MI                   6.0000                                  20080801
       1352                     434,530.97                       80.00      NO MI                   6.0000                                  20080701
       1353                     409,027.91                       91.20      NO MI                   0.0000
       1354                     298,266.49                       67.42      NO MI                   0.0000
       1355                      80,848.94                       90.00      NO MI                   0.0000
       1356                     483,329.36                       63.40      NO MI                   0.0000
       1357                     414,140.89                       61.48      NO MI                   6.0000                                  20090801
       1358                     354,094.80                       74.63      NO MI                   6.0000                                  20090901
       1359                     299,476.74                       76.14      NO MI                   6.0000                                  20080801
       1360                     264,397.79                       80.00      NO MI                   4.5000                                  20090801
       1361                     360,435.44                       40.17      NO MI                   0.0000
       1362                     176,698.36                       80.00      NO MI                   6.0000                                  20080901
       1363                     648,439.03                       79.46      NO MI                   6.0000                                  20080801
       1364                     226,817.16                       26.00      NO MI                   0.0000
       1365                     346,500.00                       90.00      NO MI                   6.0000                                  20090801
       1366                     402,854.41                       85.00      NO MI                   0.0000
       1367                     381,160.05                       80.00      NO MI                   6.0000                                  20080801
       1368                     398,761.57                       85.00      NO MI                   0.0000
       1369                     341,744.13                       91.20      NO MI                   6.0000                                  20090801
       1370                     412,211.11                       35.78      NO MI                   0.0000
       1371                     206,728.24                       94.84      NO MI                   0.0000
       1372                     299,506.75                       80.00      NO MI                   0.0000
       1373                     260,967.96                       95.00      NO MI                   6.0000                                  20080801
       1374                     364,000.00                       80.00      NO MI                   6.0000                                  20080801
       1375                     414,522.90                       69.17      NO MI                   6.0000                                  20090801
       1376                     341,970.49                       40.35      NO MI                   0.0000
       1377                     189,755.84                       43.68      NO MI                   0.0000
       1378                     302,379.75                       55.09      NO MI                   0.0000
       1379                     263,200.00                       80.00      NO MI                   6.0000                                  20080801
       1380                     220,895.93                       75.00      NO MI                   6.0000                                  20080801
       1381                     204,164.67                       95.17      NO MI                   6.0000                                  20080801
       1382                     151,787.77                       80.00      NO MI                   4.5000                                  20090801
       1383                     136,231.67                       70.00      NO MI                   6.0000                                  20080801
       1384                     379,702.97                       80.00      NO MI                   0.0000
       1385                     475,633.33                       80.00      NO MI                   6.0000                                  20090801
       1386                      99,865.00                       94.34      NO MI                   6.0000                                  20090801
       1387                     439,593.88                       80.00      NO MI                   0.0000
       1388                     331,960.00                       80.00      NO MI                   6.0000                                  20080801
       1389                      62,917.72                       63.00      NO MI                   0.0000
       1390                     260,830.44                       80.00      NO MI                   6.0000                                  20080801
       1391                      58,941.30                      100.00      NO MI                   0.0000
       1392                     371,628.60                       80.00      NO MI                   6.0000                                  20080801
       1393                     350,576.68                       80.00      NO MI                   6.0000                                  20080801
       1394                     307,480.84                       80.00      NO MI                   6.0000                                  20090801
       1395                     640,000.00                       80.00      NO MI                   6.0000                                  20080801
       1396                     237,480.02                       90.00      NO MI                   6.0000                                  20090801
       1397                     274,150.96                       80.00      NO MI                   4.2500                                  20090901
       1398                     359,295.28                       90.00      NO MI                   0.0000
       1399                     247,752.40                       80.00      NO MI                   6.0000                                  20080801
       1400                     616,544.95                       74.91      NO MI                   6.0000                                  20080801
       1401                     408,356.57                       80.39      NO MI                   0.0000
       1402                     386,498.36                       90.00      NO MI                   6.0000                                  20080801
       1403                     375,488.57                       80.00      NO MI                   6.0000                                  20080901
       1404                     839,398.63                       73.04      NO MI                   6.0000                                  20090801
       1405                     370,544.13                       70.00      NO MI                   6.0000                                  20090801
       1406                     436,500.00                       90.00      NO MI                   6.0000                                  20090801
       1407                     305,248.66                       80.00      NO MI                   6.0000                                  20080801
       1408                     463,500.00                       90.00      NO MI                   6.0000                                  20080801
       1409                     292,012.04                       90.00      NO MI                   6.0000                                  20080801
       1410                     622,086.31                       95.00      NO MI                   6.0000                                  20090801
       1411                     411,823.31                       80.78      NO MI                   6.0000                                  20080801
       1412                     252,074.51                       85.00      NO MI                   0.0000
       1413                     194,643.06                       78.63      NO MI                   6.0000                                  20080801
       1414                     115,887.19                      100.00      NO MI                   0.0000
       1415                     369,740.89                       87.06      NO MI                   6.0000                                  20080801
       1416                     227,452.46                       80.00      NO MI                   4.5000                                  20090801
       1417                     995,352.82                       95.00      NO MI                   6.0000                                  20080801
       1418                      85,416.32                       51.34      NO MI                   6.0000                                  20090801
       1419                     773,331.74                       83.78      NO MI                   6.0000                                  20090801
       1420                     172,923.41                       47.15      NO MI                   0.0000
       1421                     285,848.56                       24.96      NO MI                   0.0000
       1422                     315,609.73                       80.00      NO MI                   6.0000                                  20080801
       1423                     314,317.70                      100.00      NO MI                   6.0000                                  20080801
       1424                     415,851.83                       79.43      NO MI                   6.0000                                  20080801
       1425                      74,426.73                      100.00      NO MI                   0.0000
       1426                     797,732.77                       34.12      NO MI                   0.0000
       1427                     283,231.56                       92.95      NO MI                   6.0000                                  20080901
       1428                     310,753.10                       65.00      NO MI                   0.0000
       1429                     109,533.24                       80.00      NO MI                   6.0000                                  20090901
       1430                     336,516.73                       95.00      NO MI                   0.0000
       1431                     399,229.52                       80.00      NO MI                   6.0000                                  20080801
       1432                     995,987.99                       50.08      NO MI                   0.0000
       1433                     401,813.25                       60.15      NO MI                   0.0000
       1434                     213,750.00                       95.00      NO MI                   0.0000
       1435                      98,897.48                       90.00      NO MI                   6.0000                                  20080901
       1436                     263,037.11                       85.00      NO MI                   6.0000                                  20080801
       1437                     183,367.30                       71.53      NO MI                   0.0000
       1438                     319,943.54                       75.00      NO MI                   6.0000                                  20080901
       1439                     252,588.43                       80.00      NO MI                   0.0000
       1440                     625,500.00                       90.00      NO MI                   6.0000                                  20080701
       1441                     252,028.85                       85.00      NO MI                   6.0000                                  20080801
       1442                     396,164.43                       74.91      NO MI                   6.0000                                  20080801
       1443                     386,390.48                       85.00      NO MI                   6.0000                                  20080801
       1444                     390,461.15                       47.32      NO MI                   0.0000
       1445                     398,335.43                       54.72      NO MI                   0.0000
       1446                     295,134.32                       90.00      NO MI                   6.0000                                  20080801
       1447                     280,000.00                       80.00      NO MI                   6.0000                                  20080801
       1448                     521,147.44                       80.00      NO MI                   6.0000                                  20080801
       1449                     187,763.98                       80.00      NO MI                   6.0000                                  20080801
       1450                     178,159.19                       70.00      NO MI                   6.0000                                  20080701
       1451                     132,779.94                       95.00      NO MI                   6.0000                                  20090801
       1452                     329,631.11                       70.97      NO MI                   0.0000
       1453                     303,833.41                       95.00      NO MI                   4.5000                                  20090801
       1454                     396,099.79                       95.00      NO MI                   6.0000                                  20090801
       1455                     155,254.72                       85.00      NO MI                   6.0000                                  20080801
       1456                     320,329.53                       72.95      NO MI                   6.0000                                  20090801
       1457                     359,417.84                       80.00      NO MI                   4.5000                                  20090801
       1458                     321,633.05                       70.00      NO MI                   6.0000                                  20080801
       1459                     748,884.49                       87.82      NO MI                   6.0000                                  20080801
       1460                     660,402.86                       89.93      NO MI                   6.0000                                  20080701
       1461                     103,760.48                       80.00      NO MI                   0.0000
       1462                     672,911.92                       95.00      NO MI                   5.2500                                  20090801
       1463                      61,936.06                      100.00      NO MI                   0.0000
       1464                     127,500.00                       85.00      NO MI                   0.0000
       1465                     356,000.00                       94.93      NO MI                   6.0000                                  20080701
       1466                     525,275.40                       80.00      NO MI                   6.0000                                  20080801
       1467                     858,640.25                       65.00      NO MI                   0.0000
       1468                      46,356.35                      100.00      NO MI                   0.0000
       1469                     359,396.41                       80.00      NO MI                   6.0000                                  20080801
       1470                      46,955.80                      100.00      NO MI                   0.0000
       1471                     247,217.47                       90.00      NO MI                   6.0000                                  20080901
       1472                     214,898.92                      100.00      NO MI                   6.0000                                  20080801
       1473                     305,544.86                       85.00      NO MI                   6.0000                                  20080801
       1474                     399,599.53                       67.23      NO MI                   6.0000                                  20080801
       1475                     381,458.59                       90.00      NO MI                   0.0000
       1476                     164,799.95                       80.00      NO MI                   6.0000                                  20080801
       1477                     422,606.76                       90.00      NO MI                   0.0000
       1478                      75,926.89                      100.00      NO MI                   0.0000
       1479                      69,879.41                       59.83      NO MI                   6.0000                                  20090801
       1480                      96,906.70                      100.00      NO MI                   0.0000
       1481                      78,872.75                      100.00      NO MI                   0.0000
       1482                      47,742.59                      100.00      NO MI                   0.0000
       1483                     370,591.04                       75.71      NO MI                   0.0000
       1484                     394,526.54                       85.00      NO MI                   0.0000
       1485                     275,362.91                       80.00      NO MI                   0.0000
       1486                     548,580.46                       90.00      NO MI                   0.0000
       1487                     275,119.39                       92.14      NO MI                   6.0000                                  20080801
       1488                     151,709.81                       80.00      NO MI                   6.0000                                  20080701
       1489                     305,698.00                       80.00      NO MI                   0.0000
       1490                     335,152.44                       75.00      NO MI                   0.0000
       1491                      88,192.04                       95.00      NO MI                   6.0000                                  20080801
       1492                     415,230.72                       89.87      NO MI                   0.0000
       1493                     532,887.83                       84.92      NO MI                   0.0000
       1494                      56,613.32                      100.00      NO MI                   0.0000
       1495                     382,017.53                       83.15      NO MI                   6.0000                                  20080701
       1496                     359,244.07                       85.00      NO MI                   4.5000                                  20090801
       1497                      70,314.94                      100.00      NO MI                   0.0000
       1498                     198,036.84                       80.00      NO MI                   6.2500                                  20090801
       1499                     203,815.71                       80.00      NO MI                   6.0000                                  20080801
       1500                     439,509.30                       80.00      NO MI                   6.0000                                  20080801
       1501                      99,881.81                      100.00      NO MI                   0.0000
       1502                     209,749.50                       95.00      NO MI                   6.0000                                  20080601
       1503                      95,909.71                      100.00      NO MI                   0.0000
       1504                      39,361.66                      100.00      NO MI                   0.0000
       1505                     419,818.28                       60.14      NO MI                   0.0000
       1506                      87,897.16                      100.00      NO MI                   0.0000
       1507                     122,411.86                       70.81      NO MI                   6.0000                                  20090801
       1508                     996,029.95                       55.27      NO MI                   0.0000
       1509                     367,650.00                       95.00      NO MI                   0.0000
       1510                     348,729.12                       95.00      NO MI                   6.0000                                  20080701
       1511                     280,000.00                       80.00      NO MI                   4.5000                                  20090801
       1512                     368,791.85                       95.00      NO MI                   6.0000                                  20080701
       1513                     313,050.17                       80.00      NO MI                   6.0000                                  20080701
       1514                     174,786.12                      100.00      NO MI                   0.0000
       1515                     203,703.02                       80.00      NO MI                   6.0000                                  20080601
       1516                      88,891.22                      100.00      NO MI                   0.0000
       1517                      49,532.04                      100.00      NO MI                   0.0000
       1518                     336,562.34                       90.00      NO MI                   6.2500                                  20080601
       1519                      47,342.70                      100.00      NO MI                   0.0000
       1520                     258,789.70                       95.00      NO MI                   6.0000                                  20080601
       1521                      90,711.69                      100.00      NO MI                   0.0000
       1522                     249,456.17                       95.00      NO MI                   6.0000                                  20080601
       1523                      34,347.64                      100.00      NO MI                   0.0000
       1524                     177,851.87                       80.00      NO MI                   6.0000                                  20080601
       1525                      69,006.40                      100.00      NO MI                   0.0000
       1526                     262,817.66                       80.00      NO MI                   6.2500                                  20080501
       1527                     379,707.05                       95.00      NO MI                   6.0000                                  20080501
       1528                     373,944.21                       95.00      NO MI                   6.0000                                  20080501
       1529                     117,601.20                       80.00      NO MI                   0.0000
       1530                     143,528.34                       85.00      NO MI                   6.0000                                  20080901
       1531                      76,430.57                       90.00      NO MI                   6.0000                                  20080901
       1532                     271,731.34                       85.00      NO MI                   4.5000                                  20090901
       1533                     229,310.79                       90.00      NO MI                   6.0000                                  20080901
       1534                     194,903.08                      100.00      NO MI                   6.0000                                  20080901
       1535                     355,364.69                       90.00      NO MI                   6.0000                                  20080901
       1536                     346,337.63                       90.00      NO MI                   6.0000                                  20080901
       1537                     296,841.21                       90.00      NO MI                   6.0000                                  20080901
       1538                     159,541.05                       95.00      NO MI                   0.0000
       1539                      60,683.23                       90.00      NO MI                   0.0000
       1540                     172,664.99                       90.00      NO MI                   6.0000                                  20080901
       1541                     260,814.10                       94.91      NO MI                   4.5000                                  20090901
       1542                     152,788.71                       93.87      NO MI                   6.0000                                  20090901
       1543                     395,817.14                       90.00      NO MI                   6.0000                                  20080901
       1544                     156,801.11                       81.35      NO MI                   6.0000                                  20090901
       1545                     157,809.84                       83.16      NO MI                   6.0000                                  20080901
       1546                     317,853.75                       95.00      NO MI                   6.0000                                  20080901
       1547                     248,060.05                       90.00      NO MI                   6.0000                                  20080901
       1548                     129,472.66                       90.00      NO MI                   6.0000                                  20080901
       1549                     239,869.80                       83.04      NO MI                   6.0000                                  20080901
       1550                      62,948.05                       90.00      NO MI                   6.0000                                  20080901
       1551                      90,004.69                       90.00      NO MI                   6.0000                                  20080901
       1552                     151,859.09                       95.00      NO MI                   6.0000                                  20080901
       1553                     161,863.54                       90.00      NO MI                   0.0000
       1554                     260,897.53                       95.00      NO MI                   0.0000
       1555                     215,601.90                       95.00      NO MI                   6.0000                                  20080901
       1556                     299,792.29                       93.75      NO MI                   6.0000                                  20080901
       1557                     148,979.51                       95.00      NO MI                   6.0000                                  20080901
       1558                     248,939.99                      100.00      NO MI                   6.0000                                  20080901
       1559                     199,472.75                       85.00      NO MI                   6.0000                                  20080901
       1560                     215,339.34                       90.00      NO MI                   6.0000                                  20080901
       1561                     327,823.85                       89.88      NO MI                   6.0000                                  20080901
       1562                     384,500.95                      100.00      NO MI                   6.0000                                  20080801
       1563                      55,995.21                       95.00      NO MI                   6.0000                                  20080901
       1564                      80,650.80                       85.00      NO MI                   6.0000                                  20080901
       1565                     292,358.84                       90.00      NO MI                   6.0000                                  20080901
       1566                     189,905.57                       95.00      NO MI                   6.0000                                  20080901
       1567                     119,700.00                       95.00      NO MI                   6.0000                                  20080901
       1568                     224,902.94                       90.00      NO MI                   6.0000                                  20080901
       1569                     237,381.97                       95.00      NO MI                   6.0000                                  20080901
       1570                      80,770.56                       90.00      NO MI                   0.0000
       1571                     350,508.33                       95.00      NO MI                   6.0000                                  20080901
       1572                     121,803.72                      100.00      NO MI                   6.0000                                  20080901
       1573                     320,393.00                      100.00      NO MI                   0.0000
       1574                      99,929.12                      100.00      NO MI                   0.0000
       1575                     306,000.00                       90.00      NO MI                   6.0000                                  20080901
       1576                     458,119.81                       95.00      NO MI                   6.0000                                  20080901
       1577                     215,917.16                       90.00      NO MI                   6.0000                                  20080901
       1578                      50,316.94                       95.00      NO MI                   6.0000                                  20080901
       1579                     233,768.89                       90.00      NO MI                   6.0000                                  20080901
       1580                     450,000.00                       90.00      NO MI                   6.0000                                  20090901
       1581                     136,462.38                       95.00      NO MI                   6.0000                                  20080801
       1582                      99,642.20                       95.00      NO MI                   6.0000                                  20080901
       1583                     236,791.08                      100.00      NO MI                   6.0000                                  20090801
       1584                     249,920.59                      100.00      NO MI                   6.0000                                  20090901
       1585                     143,941.80                       90.00      NO MI                   6.0000                                  20090901
       1586                     379,541.84                       95.00      NO MI                   6.0000                                  20080901
       1587                     180,200.91                       95.00      NO MI                   6.0000                                  20080901
       1588                     743,220.26                       85.00      NO MI                   6.0000                                  20080901
       1589                     261,793.31                       95.00      NO MI                   6.0000                                  20090801
       1590                     314,836.42                       90.00      NO MI                   6.0000                                  20080901
       1591                     530,900.00                       95.00      NO MI                   6.0000                                  20080801
       1592                     355,500.00                       90.00      NO MI                   6.0000                                  20080901
       1593                     299,250.00                       95.00      NO MI                   6.0000                                  20080901
       1594                     282,052.27                       95.00      NO MI                   6.0000                                  20080801
       1595                     246,731.38                       95.00      NO MI                   6.0000                                  20080901
       1596                     182,727.51                       87.14      NO MI                   6.0000                                  20080901
       1597                     362,719.65                       95.00      NO MI                   6.0000                                  20080901
       1598                     188,100.00                       95.00      NO MI                   6.0000                                  20080901
       1599                     509,941.62                       94.50      NO MI                   0.0000
       1600                      98,906.24                       90.00      NO MI                   6.0000                                  20090901
       1601                     377,896.95                      100.00      NO MI                   6.0000                                  20080901
       1602                     116,774.62                       90.00      NO MI                   6.0000                                  20090801
       1603                     331,936.64                       95.00      NO MI                   6.0000                                  20080801
       1604                     379,843.93                       95.00      NO MI                   4.5000                                  20080801
       1605                     254,844.72                       94.44      NO MI                   6.0000                                  20080901
       1606                     448,109.56                       95.00      NO MI                   6.0000                                  20080901
       1607                     195,050.06                       89.75      NO MI                   6.0000                                  20080901
       1608                     223,137.95                       95.00      NO MI                   0.0000
       1609                     131,906.45                      100.00      NO MI                   6.0000                                  20080901
       1610                     327,236.33                       95.00      NO MI                   0.0000
       1611                     298,951.23                       95.00      NO MI                   6.0000                                  20080801
       1612                     522,265.74                       95.00      NO MI                   6.0000                                  20090901
       1613                     660,000.00                       85.16      NO MI                   6.0000                                  20090901
       1614                     155,522.03                       90.00      NO MI                   6.0000                                  20080901
       1615                     403,750.00                       95.00      NO MI                   6.0000                                  20090901
       1616                     350,932.44                       95.00      NO MI                   6.0000                                  20080801
       1617                     161,953.04                      100.00      NO MI                   6.0000                                  20080901
       1618                     427,214.70                       95.00      NO MI                   6.0000                                  20080901
       1619                     571,232.97                       89.93      NO MI                   6.0000                                  20080901
       1620                     475,635.22                       85.00      NO MI                   6.0000                                  20080901
       1621                     488,960.53                       95.00      NO MI                   6.0000                                  20080901
       1622                     266,737.47                       85.00      NO MI                   6.0000                                  20080901
       1623                     318,532.48                       95.00      NO MI                   0.0000
       1624                     242,601.64                       95.00      NO MI                   6.0000                                  20080801
       1625                     332,341.42                       95.00      NO MI                   6.0000                                  20080901
       1626                     569,547.94                       95.00      NO MI                   6.0000                                  20080801
       1627                     235,467.27                       90.00      NO MI                   6.0000                                  20080801
       1628                     384,393.32                       95.00      NO MI                   6.0000                                  20080901
       1629                     102,490.94                       90.00      NO MI                   6.0000                                  20080901
       1630                     350,869.68                       95.00      NO MI                   4.5000                                  20090801
       1631                     467,753.41                       90.00      NO MI                   6.0000                                  20090901
       1632                     128,109.37                       95.00      NO MI                   6.0000                                  20080901
       1633                     327,836.99                       89.37      NO MI                   0.0000
       1634                     531,727.75                       95.00      NO MI                   6.0000                                  20080901
       1635                     440,590.04                       90.00      NO MI                   6.0000                                  20080801
       1636                     118,626.39                       95.00      NO MI                   6.0000                                  20080901
       1637                     269,748.99                       87.10      NO MI                   6.0000                                  20080801
       1638                     353,283.36                       85.00      NO MI                   6.0000                                  20080801
       1639                     364,409.06                       95.00      NO MI                   6.0000                                  20080801
       1640                     546,250.00                       95.00      NO MI                   6.0000                                  20080801
       1641                     292,600.00                       95.00      NO MI                   6.0000                                  20080901
       1642                     413,778.66                       90.00      NO MI                   6.0000                                  20080901
       1643                     225,784.30                       95.00      NO MI                   6.0000                                  20080801
       1644                     360,654.69                       95.00      NO MI                   6.0000                                  20080801
       1645                     156,609.24                       95.00      NO MI                   6.0000                                  20080901
       1646                     254,924.96                      100.00      NO MI                   4.5000                                  20090901
       1647                     265,707.69                       95.00      NO MI                   0.0000
       1648                     241,090.73                       90.00      NO MI                   6.0000                                  20080901
       1649                     284,686.69                       95.00      NO MI                   6.0000                                  20080901
       1650                     166,150.33                       95.00      NO MI                   6.0000                                  20080801
       1651                     459,266.21                       94.85      NO MI                   0.0000
       1652                     223,182.26                       95.00      NO MI                   6.0000                                  20080901
       1653                     166,195.33                       90.00      NO MI                   6.0000                                  20080801
       1654                     360,745.32                       95.00      NO MI                   6.0000                                  20090801
       1655                     220,247.96                       90.00      NO MI                   4.5000                                  20080901
       1656                     243,813.52                       84.14      NO MI                   6.0000                                  20080901
       1657                     199,500.00                       95.00      NO MI                   6.0000                                  20080901
       1658                     463,017.14                       90.00      NO MI                   6.0000                                  20080801
       1659                     536,000.00                       94.53      NO MI                   6.0000                                  20090901
       1660                     364,023.93                       90.00      NO MI                   6.0000                                  20080901
       1661                     481,065.05                       90.00      NO MI                   6.0000                                  20080801
       1662                     206,959.49                       94.91      NO MI                   6.0000                                  20080901
       1663                     494,660.93                       90.00      NO MI                   4.5000                                  20090801
       1664                      67,922.27                       85.00      NO MI                   6.0000                                  20090901
       1665                     391,279.31                       92.13      NO MI                   6.0000                                  20080801
       1666                     389,247.75                       95.00      NO MI                   6.0000                                  20080801
       1667                     455,730.71                       95.00      NO MI                   6.0000                                  20080801
       1668                     284,836.64                       95.00      NO MI                   6.0000                                  20080801
       1669                     210,746.25                      100.00      NO MI                   6.0000                                  20080801
       1670                      71,161.57                       95.00      NO MI                   6.0000                                  20080901
       1671                     400,553.17                       95.00      NO MI                   6.0000                                  20080801
       1672                     309,192.07                       95.00      NO MI                   0.0000
       1673                     538,351.85                       95.00      NO MI                   6.0000                                  20080801
       1674                     370,363.16                       95.00      NO MI                   6.0000                                  20080901
       1675                     227,722.76                       95.00      NO MI                   6.0000                                  20080901
       1676                     639,138.27                       92.62      NO MI                   0.0000
       1677                     355,597.94                       95.00      NO MI                   0.0000
       1678                     354,382.62                       90.00      NO MI                   0.0000
       1679                     211,213.92                       90.00      NO MI                   6.0000                                  20090801
       1680                     161,839.98                       90.00      NO MI                   4.5000                                  20090901
       1681                     262,363.85                       90.00      NO MI                   6.0000                                  20080801
       1682                     491,959.86                       89.64      NO MI                   6.0000                                  20080801
       1683                     206,758.45                       90.00      NO MI                   6.0000                                  20080901
       1684                     294,359.94                       95.00      NO MI                   6.0000                                  20080901
       1685                     232,287.78                       95.00      NO MI                   6.0000                                  20080801
       1686                     327,596.40                       95.00      NO MI                   6.0000                                  20080901
       1687                     192,282.00                       90.00      NO MI                   6.0000                                  20080801
       1688                     255,500.00                       94.98      NO MI                   6.0000                                  20080801
       1689                     170,668.88                       95.00      NO MI                   6.0000                                  20080801
       1690                     356,999.71                       90.00      NO MI                   6.0000                                  20090801
       1691                     200,586.79                       90.00      NO MI                   0.0000
       1692                     329,650.00                       95.00      NO MI                   6.0000                                  20080901
       1693                     289,610.97                       95.00      NO MI                   6.0000                                  20080801
       1694                     278,761.41                       90.00      NO MI                   6.0000                                  20090801
       1695                     559,681.98                       95.00      NO MI                   4.5000                                  20080901
       1696                     142,738.90                      100.00      NO MI                   6.0000                                  20080801
       1697                     499,500.00                       90.00      NO MI                   6.0000                                  20080801
       1698                     237,107.05                       95.00      NO MI                   6.0000                                  20080801
       1699                     274,402.07                       89.69      NO MI                   5.5000                                  20080801
       1700                     232,517.64                       95.00      NO MI                   0.0000
       1701                     209,950.00                       95.00      NO MI                   6.0000                                  20090901
       1702                     308,421.85                       95.00      NO MI                   0.0000
       1703                     370,193.07                       95.00      NO MI                   6.0000                                  20080801
       1704                     370,179.48                       95.00      NO MI                   6.0000                                  20080801
       1705                     272,596.20                       90.00      NO MI                   6.0000                                  20090901
       1706                     327,197.53                       95.00      NO MI                   6.0000                                  20080801
       1707                     208,576.38                       95.00      NO MI                   6.0000                                  20090801
       1708                     142,363.63                       95.00      NO MI                   6.0000                                  20080901
       1709                     678,910.46                       90.00      NO MI                   6.0000                                  20080801
       1710                     239,739.56                       95.00      NO MI                   6.0000                                  20080801
       1711                     239,929.36                      100.00      NO MI                   6.0000                                  20080901
       1712                     313,338.40                       95.00      NO MI                   6.0000                                  20080901
       1713                     540,959.39                       95.00      NO MI                   4.5000                                  20080801
       1714                     379,743.50                       95.00      NO MI                   6.0000                                  20080801
       1715                     246,457.50                       90.00      NO MI                   0.0000
       1716                     232,354.23                       94.94      NO MI                   0.0000
       1717                      85,364.57                       90.00      NO MI                   6.0000                                  20080801
       1718                     134,739.97                       90.00      NO MI                   6.0000                                  20080801
       1719                     297,208.51                       90.00      NO MI                   5.7500                                  20090901
       1720                     396,008.01                       95.00      NO MI                   6.0000                                  20080901
       1721                     369,954.29                       95.00      NO MI                   6.0000                                  20080801
       1722                     347,175.69                       90.00      NO MI                   6.0000                                  20090801
       1723                     142,269.55                       95.00      NO MI                   6.0000                                  20080801
       1724                     193,355.23                       90.00      NO MI                   6.0000                                  20080801
       1725                     275,358.20                      100.00      NO MI                   6.0000                                  20080801
       1726                     161,758.52                       90.00      NO MI                   6.0000                                  20080801
       1727                     332,416.18                       95.00      NO MI                   6.0000                                  20080801
       1728                     267,849.71                       90.00      NO MI                   6.0000                                  20080901
       1729                     549,588.54                       89.14      NO MI                   6.0000                                  20080801
       1730                     183,088.52                       94.51      NO MI                   6.0000                                  20080801
       1731                     294,341.03                       95.00      NO MI                   6.0000                                  20080801
       1732                     191,566.35                       95.00      NO MI                   6.0000                                  20080801
       1733                     209,878.07                       95.00      NO MI                   6.0000                                  20080901
       1734                     603,000.00                       90.00      NO MI                   6.0000                                  20080801
       1735                     204,838.88                       91.11      NO MI                   0.0000
       1736                     256,088.49                       90.00      NO MI                   6.0000                                  20080801
       1737                     318,115.53                       95.00      NO MI                   6.0000                                  20090901
       1738                     314,767.77                       85.14      NO MI                   6.0000                                  20080801
       1739                      94,677.36                       94.53      NO MI                   0.0000
       1740                     684,000.00                       94.87      NO MI                   6.0000                                  20090801
       1741                     314,478.84                       90.00      NO MI                   6.0000                                  20080801
       1742                      67,437.43                       90.00      NO MI                   0.0000
       1743                     337,250.00                       95.00      NO MI                   6.0000                                  20080901
       1744                     337,041.22                       95.00      NO MI                   6.0000                                  20080901
       1745                     161,726.93                       90.00      NO MI                   6.0000                                  20080801
       1746                     360,700.95                       95.00      NO MI                   6.0000                                  20080801
       1747                     666,534.94                       85.00      NO MI                   6.0000                                  20080801
       1748                     172,558.73                       90.00      NO MI                   6.0000                                  20080801
       1749                     332,838.27                      100.00      NO MI                   6.0000                                  20080801
       1750                     360,756.24                       95.00      NO MI                   6.0000                                  20080801
       1751                     557,029.84                       90.00      NO MI                   6.0000                                  20080801
       1752                     139,312.89                       90.00      NO MI                   6.0000                                  20080801
       1753                     408,000.00                       94.88      NO MI                   6.0000                                  20080801
       1754                     310,169.99                       90.00      NO MI                   6.0000                                  20080901
       1755                     156,759.10                      100.00      NO MI                   6.0000                                  20090901
       1756                     426,952.91                       90.00      NO MI                   6.0000                                  20090901
       1757                     265,630.80                       95.00      NO MI                   0.0000
       1758                     241,175.49                       95.00      NO MI                   6.0000                                  20080801
       1759                     337,500.00                       90.00      NO MI                   6.0000                                  20080801
       1760                     314,625.20                       94.03      NO MI                   4.5000                                  20090801
       1761                     450,922.16                       95.00      NO MI                   6.0000                                  20080801
       1762                     346,576.41                       95.00      NO MI                   6.0000                                  20080801
       1763                     226,801.26                       85.00      NO MI                   6.0000                                  20080801
       1764                     291,906.44                       95.00      NO MI                   6.0000                                  20080801
       1765                     321,478.40                       95.00      NO MI                   6.0000                                  20080801
       1766                     455,673.54                       95.00      NO MI                   6.0000                                  20090801
       1767                     229,982.59                       90.00      NO MI                   6.0000                                  20080801
       1768                     184,878.74                       94.87      NO MI                   6.0000                                  20080801
       1769                     301,523.99                       95.00      NO MI                   6.0000                                  20080801
       1770                     508,250.00                       95.00      NO MI                   6.0000                                  20080801
       1771                     545,599.32                       95.00      NO MI                   6.0000                                  20080901
       1772                     169,820.42                       85.00      NO MI                   6.0000                                  20080801
       1773                     166,340.66                       90.00      NO MI                   6.0000                                  20080901
       1774                     254,600.00                       95.00      NO MI                   6.0000                                  20080801
       1775                     130,356.00                       90.00      NO MI                   6.0000                                  20080801
       1776                     328,000.00                       94.66      NO MI                   4.5000                                  20090801
       1777                     317,854.74                       95.00      NO MI                   6.0000                                  20080801
       1778                     219,210.11                       90.00      NO MI                   6.0000                                  20080801
       1779                     300,539.73                       95.00      NO MI                   6.0000                                  20080801
       1780                     488,883.97                       95.00      NO MI                   0.0000
       1781                     130,858.56                       94.93      NO MI                   0.0000
       1782                     265,760.85                       85.00      NO MI                   6.0000                                  20080801
       1783                     259,250.02                       90.00      NO MI                   6.0000                                  20080901
       1784                     331,897.62                       95.00      NO MI                   6.0000                                  20080801
       1785                     190,000.00                       95.00      NO MI                   6.0000                                  20080801
       1786                     284,589.27                       95.00      NO MI                   6.0000                                  20080801
       1787                     207,764.14                       95.00      NO MI                   6.0000                                  20080901
       1788                     436,356.81                       95.00      NO MI                   0.0000
       1789                     349,477.89                       89.77      NO MI                   6.0000                                  20080801
       1790                     341,672.84                       95.00      NO MI                   6.0000                                  20080801
       1791                     395,222.62                       90.00      NO MI                   6.0000                                  20080801
       1792                     251,351.26                       95.00      NO MI                   6.0000                                  20080801
       1793                     166,037.23                       95.00      NO MI                   7.1250                                  20080901
       1794                     485,686.61                       90.00      NO MI                   6.0000                                  20090901
       1795                     351,040.91                       95.00      NO MI                   6.0000                                  20080901
       1796                     270,334.40                       95.00      NO MI                   6.0000                                  20080801
       1797                      80,862.03                       90.00      NO MI                   6.0000                                  20080801
       1798                     239,671.93                       89.89      NO MI                   6.0000                                  20080801
       1799                     265,628.69                       95.00      NO MI                   6.0000                                  20080801
       1800                     180,535.23                       95.00      NO MI                   6.0000                                  20090801
       1801                     427,095.51                       95.00      NO MI                   6.0000                                  20080801
       1802                     345,287.79                       90.00      NO MI                   6.0000                                  20080801
       1803                     498,998.59                       94.15      NO MI                   6.0000                                  20090801
       1804                     260,885.24                       95.00      NO MI                   6.0000                                  20090801
       1805                     278,933.19                       94.90      NO MI                   6.0000                                  20080801
       1806                     439,694.10                       88.00      NO MI                   6.0000                                  20080801
       1807                     462,848.07                       85.00      NO MI                   6.0000                                  20080801
       1808                     417,686.37                       89.89      NO MI                   6.0000                                  20080801
       1809                     440,124.26                       90.00      NO MI                   6.0000                                  20080801
       1810                     853,659.96                       95.00      NO MI                   0.0000
       1811                     405,000.00                       90.00      NO MI                   6.0000                                  20080801
       1812                     251,433.96                       95.00      NO MI                   6.0000                                  20080801
       1813                     128,040.13                       95.00      NO MI                   0.0000
       1814                     379,339.29                       95.00      NO MI                   6.0000                                  20080801
       1815                     389,321.91                      100.00      NO MI                   6.0000                                  20080801
       1816                     373,289.10                       90.00      NO MI                   6.0000                                  20080801
       1817                     237,500.00                       95.00      NO MI                   6.0000                                  20080801
       1818                     270,158.35                       95.00      NO MI                   6.0000                                  20080801
       1819                      62,910.15                       90.00      NO MI                   6.0000                                  20080801
       1820                     197,741.45                       90.00      NO MI                   6.0000                                  20080901
       1821                     446,500.00                       95.00      NO MI                   6.0000                                  20080801
       1822                     365,329.51                       95.00      NO MI                   6.0000                                  20090801
       1823                     274,500.00                       90.00      NO MI                   6.0000                                  20080901
       1824                     209,854.01                      100.00      NO MI                   6.0000                                  20080801
       1825                     104,292.46                       90.00      NO MI                   6.0000                                  20080901
       1826                     422,589.56                       90.00      NO MI                   6.0000                                  20080801
       1827                     333,243.56                       95.00      NO MI                   6.0000                                  20080801
       1828                     240,880.47                       95.00      NO MI                   6.0000                                  20080801
       1829                     242,250.00                       95.00      NO MI                   6.0000                                  20080801
       1830                     294,000.00                       94.99      NO MI                   6.0000                                  20090801
       1831                     536,316.55                       90.00      NO MI                   6.0000                                  20080801
       1832                     298,987.79                       95.00      NO MI                   6.0000                                  20080801
       1833                     299,073.28                       95.00      NO MI                   6.0000                                  20080801
       1834                     465,251.13                       95.00      NO MI                   0.0000
       1835                     441,496.79                       95.00      NO MI                   6.0000                                  20080801
       1836                     386,679.40                       90.00      NO MI                   6.0000                                  20080801
       1837                     121,233.15                       90.00      NO MI                   6.0000                                  20090801
       1838                      88,054.37                       92.84      NO MI                   6.0000                                  20080801
       1839                     445,622.30                       95.00      NO MI                   6.0000                                  20080801
       1840                     159,291.46                       95.00      NO MI                   6.0000                                  20080801
       1841                     327,512.00                       95.00      NO MI                   6.0000                                  20080801
       1842                     274,868.43                      100.00      NO MI                   6.0000                                  20080801
       1843                     324,900.00                       95.00      NO MI                   6.0000                                  20080801
       1844                     170,803.01                       90.00      NO MI                   6.0000                                  20080801
       1845                     438,615.77                       95.00      NO MI                   6.0000                                  20080801
       1846                     139,884.56                      100.00      NO MI                   6.0000                                  20080901
       1847                     301,314.70                       90.00      NO MI                   6.0000                                  20080901
       1848                      98,893.90                       83.19      NO MI                   6.0000                                  20080801
       1849                     233,555.66                       95.00      NO MI                   6.0000                                  20090801
       1850                     112,392.95                       95.00      NO MI                   6.0000                                  20080801
       1851                     169,893.15                       90.00      NO MI                   6.0000                                  20090901
       1852                     148,533.36                       85.00      NO MI                   6.0000                                  20080801
       1853                     200,775.61                       85.90      NO MI                   6.0000                                  20080801
       1854                     226,634.43                       95.00      NO MI                   6.0000                                  20080801
       1855                     199,535.43                       90.00      NO MI                   4.5000                                  20090801
       1856                     187,846.49                       94.95      NO MI                   4.5000                                  20080801
       1857                     303,416.30                      100.00      NO MI                   6.0000                                  20080801
       1858                     281,700.00                       91.76      NO MI                   4.5000                                  20090801
       1859                     246,441.06                       94.46      NO MI                   0.0000
       1860                     427,140.88                       95.00      NO MI                   6.0000                                  20090801
       1861                     474,600.33                       95.00      NO MI                   6.0000                                  20080801
       1862                     522,500.00                       95.00      NO MI                   6.0000                                  20090801
       1863                     172,289.62                       84.98      NO MI                   6.0000                                  20080901
       1864                     280,068.50                       95.00      NO MI                   6.0000                                  20080801
       1865                     310,061.86                       90.00      NO MI                   4.5000                                  20090801
       1866                     208,734.79                       95.00      NO MI                   6.0000                                  20080801
       1867                     155,554.53                       95.00      NO MI                   6.0000                                  20080801
       1868                     404,281.18                       90.00      NO MI                   6.0000                                  20080801
       1869                     298,163.24                       90.00      NO MI                   6.0000                                  20080801
       1870                     236,550.00                       95.00      NO MI                   6.0000                                  20090801
       1871                     508,215.02                       90.00      NO MI                   6.0000                                  20080801
       1872                     440,000.00                       88.89      NO MI                   4.5000                                  20090801
       1873                     240,805.94                       89.93      NO MI                   6.0000                                  20080801
       1874                     389,071.67                       95.00      NO MI                   6.0000                                  20080901
       1875                     450,424.05                       95.00      NO MI                   6.0000                                  20090801
       1876                     271,823.86                       84.21      NO MI                   6.0000                                  20080801
       1877                     261,086.28                       91.67      NO MI                   6.0000                                  20080901
       1878                     450,106.90                       89.91      NO MI                   6.0000                                  20080801
       1879                     642,334.21                       90.00      NO MI                   6.0000                                  20080801
       1880                     248,344.71                       90.00      NO MI                   6.0000                                  20080801
       1881                     198,594.70                       90.00      NO MI                   6.0000                                  20080801
       1882                     503,300.00                       95.00      NO MI                   6.0000                                  20080801
       1883                     207,913.22                       85.00      NO MI                   6.0000                                  20080801
       1884                     359,734.57                       90.00      NO MI                   6.0000                                  20090801
       1885                     355,883.06                       95.00      NO MI                   6.0000                                  20080901
       1886                     246,468.30                       95.00      NO MI                   4.5000                                  20080801
       1887                     257,826.36                       90.00      NO MI                   6.0000                                  20080801
       1888                     314,423.45                       90.00      NO MI                   4.5000                                  20090801
       1889                      51,226.05                       90.00      NO MI                   6.0000                                  20080801
       1890                     310,131.74                       95.00      NO MI                   6.0000                                  20080801
       1891                     265,741.90                       95.00      NO MI                   4.5000                                  20090801
       1892                     323,746.76                       90.00      NO MI                   6.0000                                  20090801
       1893                     469,643.20                       86.24      NO MI                   6.0000                                  20080801
       1894                     105,201.07                       94.95      NO MI                   0.0000
       1895                     383,921.76                       90.00      NO MI                   6.0000                                  20080801
       1896                     386,814.87                       90.00      NO MI                   6.0000                                  20080801
       1897                     440,670.08                       90.00      NO MI                   6.0000                                  20080801
       1898                     143,884.13                       85.71      NO MI                   6.0000                                  20080801
       1899                     545,411.57                       95.00      NO MI                   6.0000                                  20080801
       1900                     192,997.14                       90.00      NO MI                   6.0000                                  20080801
       1901                     139,259.93                       90.00      NO MI                   6.0000                                  20080801
       1902                     294,645.19                      100.00      NO MI                   6.0000                                  20080801
       1903                     322,814.86                       95.00      NO MI                   0.0000
       1904                     287,472.84                       94.74      NO MI                   4.5000                                  20080801
       1905                     331,480.39                       95.00      NO MI                   6.0000                                  20080801
       1906                     469,760.52                       95.00      NO MI                   6.0000                                  20080901
       1907                     312,120.48                       95.00      NO MI                   4.5000                                  20080801
       1908                     368,387.84                       95.00      NO MI                   6.0000                                  20080801
       1909                     498,750.00                       95.00      NO MI                   0.0000
       1910                     355,963.34                       95.00      NO MI                   6.0000                                  20080801
       1911                     155,591.05                       95.00      NO MI                   6.0000                                  20080801
       1912                     107,804.33                       90.00      NO MI                   6.0000                                  20080801
       1913                     372,881.66                       90.00      NO MI                   6.0000                                  20080801
       1914                     584,325.57                       89.59      NO MI                   6.0000                                  20090801
       1915                     183,982.84                       95.00      NO MI                   6.0000                                  20080801
       1916                     163,414.33                       90.00      NO MI                   6.0000                                  20090801
       1917                     494,570.53                       90.00      NO MI                   6.0000                                  20080801
       1918                     298,420.85                       90.00      NO MI                   0.0000
       1919                     364,180.41                       88.90      NO MI                   6.0000                                  20080801
       1920                     115,914.18                       89.31      NO MI                   6.0000                                  20080801
       1921                     498,336.84                       95.00      NO MI                   6.0000                                  20080801
       1922                     234,954.46                      100.00      NO MI                   6.0000                                  20080901
       1923                     232,867.77                       88.30      NO MI                   6.0000                                  20080801
       1924                     419,671.71                       92.31      NO MI                   6.0000                                  20080801
       1925                     332,236.29                       95.00      NO MI                   6.0000                                  20080801
       1926                     549,000.00                       90.00      NO MI                   6.0000                                  20080801
       1927                     436,096.41                       95.00      NO MI                   6.0000                                  20080801
       1928                     308,061.32                       85.00      NO MI                   6.0000                                  20080801
       1929                     379,297.32                       95.00      NO MI                   6.0000                                  20080801
       1930                     355,295.06                       90.00      NO MI                   6.0000                                  20090901
       1931                      80,504.84                       95.00      NO MI                   6.0000                                  20080801
       1932                     483,000.00                       94.71      NO MI                   6.0000                                  20090901
       1933                     415,000.00                       88.60      NO MI                   5.7500                                  20080801
       1934                     220,112.66                       90.00      NO MI                   4.5000                                  20080801
       1935                     425,000.00                       92.39      NO MI                   6.0000                                  20080801
       1936                     315,276.30                       95.00      NO MI                   4.5000                                  20090901
       1937                     564,745.24                       95.00      NO MI                   6.0000                                  20080801
       1938                     199,620.76                       95.00      NO MI                   6.0000                                  20080801
       1939                     227,716.83                       95.00      NO MI                   0.0000
       1940                     228,712.53                       89.80      NO MI                   4.5000                                  20080801
       1941                     251,684.52                       90.00      NO MI                   6.0000                                  20090801
       1942                     402,680.56                       95.00      NO MI                   6.0000                                  20080801
       1943                     314,497.66                       90.00      NO MI                   6.0000                                  20080801
       1944                      58,366.75                       90.00      NO MI                   6.0000                                  20080901
       1945                     377,306.71                       90.00      NO MI                   4.5000                                  20080801
       1946                     277,664.04                       95.00      NO MI                   4.5000                                  20090801
       1947                     256,108.35                       90.00      NO MI                   6.0000                                  20080801
       1948                     313,296.97                       95.00      NO MI                   6.0000                                  20080801
       1949                     274,091.98                       95.00      NO MI                   6.0000                                  20080801
       1950                     359,361.07                       90.00      NO MI                   6.0000                                  20080801
       1951                     379,747.25                       95.00      NO MI                   6.0000                                  20080801
       1952                     188,726.19                       90.00      NO MI                   4.5000                                  20080801
       1953                     199,633.19                       90.91      NO MI                   4.5000                                  20090801
       1954                     163,559.70                       90.00      NO MI                   6.0000                                  20080801
       1955                     319,202.59                       88.75      NO MI                   6.0000                                  20080801
       1956                     260,989.18                       95.00      NO MI                   6.0000                                  20090801
       1957                     208,805.71                       95.00      NO MI                   6.0000                                  20080801
       1958                     243,453.58                       90.00      NO MI                   6.0000                                  20080801
       1959                     231,722.57                       85.00      NO MI                   6.0000                                  20080801
       1960                     170,693.34                       90.00      NO MI                   6.0000                                  20080801
       1961                     305,582.75                       95.00      NO MI                   4.5000                                  20090801
       1962                     417,125.48                       95.00      NO MI                   0.0000
       1963                     294,438.34                       95.00      NO MI                   6.0000                                  20080801
       1964                     208,291.84                       94.77      NO MI                   6.0000                                  20080801
       1965                     242,123.10                       95.00      NO MI                   6.0000                                  20080801
       1966                     122,920.56                       87.86      NO MI                   4.5000                                  20090801
       1967                     622,739.46                       90.00      NO MI                   6.0000                                  20080801
       1968                     179,649.74                       93.26      NO MI                   0.0000
       1969                     255,985.44                       90.00      NO MI                   6.0000                                  20080801
       1970                     323,000.00                       85.00      NO MI                   6.0000                                  20080801
       1971                     241,180.09                       95.00      NO MI                   6.0000                                  20080801
       1972                     202,367.79                       90.00      NO MI                   4.5000                                  20090801
       1973                     308,065.89                       95.00      NO MI                   6.0000                                  20090801
       1974                     360,402.72                       95.00      NO MI                   6.0000                                  20080801
       1975                     406,777.43                       90.00      NO MI                   6.0000                                  20080801
       1976                     404,195.75                       90.00      NO MI                   6.0000                                  20080801
       1977                     712,500.00                       95.00      NO MI                   6.0000                                  20080801
       1978                     195,879.41                       90.00      NO MI                   6.0000                                  20080801
       1979                     163,545.92                       90.00      NO MI                   6.0000                                  20080801
       1980                     229,124.98                       90.00      NO MI                   6.0000                                  20080801
       1981                     265,782.82                       95.00      NO MI                   6.0000                                  20080801
       1982                     339,402.74                       85.00      NO MI                   6.0000                                  20080801
       1983                     107,114.47                       94.92      NO MI                   6.0000                                  20080801
       1984                     263,007.17                       85.00      NO MI                   6.0000                                  20090801
       1985                     398,718.51                       95.00      NO MI                   6.0000                                  20090801
       1986                     246,408.54                       94.27      NO MI                   6.0000                                  20090801
       1987                     198,245.23                       95.00      NO MI                   6.0000                                  20080801
       1988                     217,472.61                       90.00      NO MI                   5.5000                                  20080801
       1989                     651,353.80                       90.00      NO MI                   4.5000                                  20080801
       1990                     620,000.00                       93.94      NO MI                   6.0000                                  20080801
       1991                     208,647.70                       95.00      NO MI                   6.0000                                  20090801
       1992                     314,777.78                       90.00      NO MI                   6.0000                                  20080801
       1993                     459,422.56                       92.00      NO MI                   6.0000                                  20080801
       1994                     227,607.65                       89.41      NO MI                   6.0000                                  20090801
       1995                     207,762.23                       83.20      NO MI                   6.0000                                  20080901
       1996                      62,910.15                       90.00      NO MI                   6.0000                                  20080801
       1997                     243,066.73                       95.00      NO MI                   6.0000                                  20080801
       1998                     493,641.10                       95.00      NO MI                   6.0000                                  20080801
       1999                     201,225.97                       95.00      NO MI                   6.0000                                  20080701
       2000                     507,509.77                       95.00      NO MI                   6.0000                                  20090801
       2001                      96,703.22                       95.00      NO MI                   0.0000
       2002                     237,334.88                       95.00      NO MI                   0.0000
       2003                     283,012.15                       90.00      NO MI                   0.0000
       2004                     435,532.78                       89.90      NO MI                   6.0000                                  20080801
       2005                     148,824.60                      100.00      NO MI                   6.0000                                  20080801
       2006                     282,996.83                       90.00      NO MI                   6.0000                                  20080801
       2007                     379,905.00                       95.00      NO MI                   6.0000                                  20080801
       2008                     296,746.74                       90.00      NO MI                   6.0000                                  20080801
       2009                     589,000.00                       95.00      NO MI                   6.0000                                  20080801
       2010                     418,260.11                       90.00      NO MI                   6.0000                                  20080801
       2011                     166,868.60                       95.00      NO MI                   6.0000                                  20080801
       2012                     296,539.34                       90.00      NO MI                   6.0000                                  20080801
       2013                     427,101.70                       94.58      NO MI                   6.0000                                  20090801
       2014                     265,301.36                       90.00      NO MI                   6.0000                                  20080801
       2015                     553,500.00                       90.00      NO MI                   4.5000                                  20090801
       2016                     422,750.00                       93.94      NO MI                   6.0000                                  20080701
       2017                     247,090.50                       90.00      NO MI                   6.0000                                  20080801
       2018                      82,510.67                       95.00      NO MI                   6.0000                                  20080801
       2019                     303,904.83                       90.00      NO MI                   7.1250                                  20080801
       2020                     199,500.00                       95.00      NO MI                   6.0000                                  20080801
       2021                     189,599.13                       95.00      NO MI                   4.5000                                  20090801
       2022                     289,612.45                       95.00      NO MI                   6.0000                                  20080801
       2023                     143,739.10                       90.00      NO MI                   6.0000                                  20080801
       2024                     301,884.96                       90.00      NO MI                   6.0000                                  20080801
       2025                     286,546.98                       90.00      NO MI                   6.0000                                  20080801
       2026                     165,225.32                       86.65      NO MI                   6.0000                                  20080801
       2027                     419,666.90                       86.24      NO MI                   6.0000                                  20080801
       2028                     363,753.88                       90.00      NO MI                   6.0000                                  20090801
       2029                     266,810.59                       90.00      NO MI                   6.0000                                  20080801
       2030                     407,139.19                       92.73      NO MI                   0.0000
       2031                     283,064.87                       90.00      NO MI                   6.0000                                  20080801
       2032                     164,495.03                       90.00      NO MI                   6.0000                                  20090801
       2033                     278,806.05                       90.00      NO MI                   6.0000                                  20080801
       2034                     404,634.15                       90.00      NO MI                   6.0000                                  20080801
       2035                     525,974.36                       89.24      NO MI                   6.0000                                  20080801
       2036                     326,559.51                       85.00      NO MI                   6.0000                                  20080801
       2037                     359,246.89                       90.00      NO MI                   6.0000                                  20080801
       2038                     546,947.92                       85.00      NO MI                   6.0000                                  20080701
       2039                     241,898.81                       95.00      NO MI                   5.5000                                  20080801
       2040                     393,392.77                       95.00      NO MI                   6.0000                                  20080801
       2041                     241,702.51                       94.90      NO MI                   0.0000
       2042                     251,600.90                       90.00      NO MI                   6.0000                                  20080801
       2043                     288,574.27                       95.00      NO MI                   6.0000                                  20090801
       2044                     157,131.85                       90.00      NO MI                   6.0000                                  20080801
       2045                     578,265.03                       95.00      NO MI                   6.0000                                  20080801
       2046                     179,694.06                       90.00      NO MI                   6.0000                                  20080801
       2047                     580,072.02                       90.00      NO MI                   6.0000                                  20080801
       2048                     427,232.50                       89.97      NO MI                   5.7500                                  20090801
       2049                     498,821.76                       82.01      NO MI                   5.5000                                  20080801
       2050                     384,273.37                       88.30      NO MI                   6.0000                                  20090801
       2051                     278,767.20                       90.00      NO MI                   6.0000                                  20080801
       2052                     116,721.92                       90.00      NO MI                   6.0000                                  20080801
       2053                     193,301.23                       90.00      NO MI                   6.0000                                  20090801
       2054                     800,426.53                       90.00      NO MI                   6.0000                                  20080801
       2055                     372,671.51                       90.00      NO MI                   6.0000                                  20080801
       2056                     296,743.05                       90.00      NO MI                   0.0000
       2057                     399,000.00                       95.00      NO MI                   6.0000                                  20080801
       2058                     284,451.05                       95.00      NO MI                   6.0000                                  20090801
       2059                     174,685.44                       95.00      NO MI                   6.0000                                  20080801
       2060                     122,327.99                       95.00      NO MI                   6.0000                                  20090801
       2061                     179,596.72                       90.00      NO MI                   6.0000                                  20080801
       2062                     125,657.73                       90.00      NO MI                   6.0000                                  20080701
       2063                     433,012.56                       84.67      NO MI                   6.0000                                  20080701
       2064                     377,226.23                       90.00      NO MI                   6.0000                                  20090801
       2065                     269,817.74                       90.00      NO MI                   6.0000                                  20080801
       2066                     359,292.32                       90.00      NO MI                   6.0000                                  20080801
       2067                     246,718.52                       95.00      NO MI                   5.7500                                  20080801
       2068                     537,696.28                       89.75      NO MI                   6.0000                                  20090901
       2069                     193,190.39                       90.00      NO MI                   6.0000                                  20080801
       2070                     280,119.94                       95.00      NO MI                   6.0000                                  20080801
       2071                     405,000.00                       89.01      NO MI                   6.0000                                  20080701
       2072                     168,720.02                       90.00      NO MI                   6.0000                                  20090801
       2073                     232,454.67                       95.00      NO MI                   6.0000                                  20080801
       2074                     182,244.30                       95.00      NO MI                   6.0000                                  20080801
       2075                     234,781.54                       94.00      NO MI                   6.0000                                  20090801
       2076                     404,529.91                       90.00      NO MI                   6.0000                                  20080701
       2077                     224,983.98                       95.00      NO MI                   4.5000                                  20090801
       2078                     176,083.67                       90.00      NO MI                   6.0000                                  20090801
       2079                     417,741.80                       90.00      NO MI                   6.0000                                  20080801
       2080                     172,121.18                       85.40      NO MI                   6.0000                                  20080801
       2081                     282,878.72                       95.00      NO MI                   6.0000                                  20080801
       2082                     396,000.00                       88.00      NO MI                   6.0000                                  20080701
       2083                     499,100.00                       95.00      NO MI                   4.5000                                  20090801
       2084                     189,828.35                       90.48      NO MI                   0.0000
       2085                     422,153.47                       95.00      NO MI                   4.5000                                  20080801
       2086                     381,778.10                       85.00      NO MI                   6.0000                                  20080801
       2087                     221,913.32                       95.00      NO MI                   0.0000
       2088                     377,308.12                       90.00      NO MI                   6.0000                                  20080801
       2089                     234,546.84                       83.93      NO MI                   6.0000                                  20080801
       2090                     143,788.05                       90.00      NO MI                   6.0000                                  20080801
       2091                     241,782.87                       84.11      NO MI                   6.0000                                  20080801
       2092                     434,497.63                       89.69      NO MI                   4.2500                                  20080901
       2093                     351,000.00                       90.00      NO MI                   6.0000                                  20080801
       2094                     256,049.41                       90.00      NO MI                   6.0000                                  20080801
       2095                     287,834.19                       90.00      NO MI                   6.0000                                  20080801
       2096                     538,903.52                       90.00      NO MI                   6.0000                                  20080801
       2097                     288,632.57                       95.00      NO MI                   6.0000                                  20090801
       2098                     314,792.47                       95.00      NO MI                   6.0000                                  20080801
       2099                     431,279.33                       90.00      NO MI                   6.0000                                  20080801
       2100                     844,512.50                       90.00      NO MI                   6.0000                                  20080801
       2101                     151,165.28                       85.00      NO MI                   6.0000                                  20080801
       2102                     278,593.66                       90.00      NO MI                   0.0000
       2103                     260,639.41                       90.00      NO MI                   6.0000                                  20080801
       2104                     538,703.44                       90.00      NO MI                   6.0000                                  20080801
       2105                     224,539.42                       90.00      NO MI                   6.0000                                  20080801
       2106                     298,655.75                       95.00      NO MI                   6.0000                                  20090801
       2107                      53,913.57                       90.00      NO MI                   6.0000                                  20080801
       2108                     360,686.79                       95.00      NO MI                   6.0000                                  20080801
       2109                     150,519.60                       85.00      NO MI                   6.0000                                  20080801
       2110                     189,880.87                       95.00      NO MI                   6.0000                                  20080801
       2111                     318,275.90                       85.00      NO MI                   6.0000                                  20080801
       2112                      59,763.30                       93.52      NO MI                   6.0000                                  20080801
       2113                     436,050.00                       95.00      NO MI                   6.0000                                  20080801
       2114                     286,756.36                       95.00      NO MI                   6.0000                                  20080801
       2115                     380,000.00                       95.00      NO MI                   6.0000                                  20080801
       2116                     459,806.85                       95.00      NO MI                   6.0000                                  20080801
       2117                     279,372.66                       88.89      NO MI                   6.0000                                  20080801
       2118                     377,603.99                       90.00      NO MI                   6.0000                                  20080801
       2119                     275,334.86                       95.00      NO MI                   6.0000                                  20080801
       2120                     231,052.11                       90.00      NO MI                   6.0000                                  20080801
       2121                     398,172.07                       85.00      NO MI                   6.0000                                  20080801
       2122                     357,775.59                       94.99      NO MI                   6.0000                                  20080801
       2123                     261,191.17                       87.92      NO MI                   6.0000                                  20080701
       2124                     163,300.42                       95.00      NO MI                   6.0000                                  20080801
       2125                     616,499.70                       93.41      NO MI                   6.0000                                  20090801
       2126                     422,634.06                       90.00      NO MI                   6.0000                                  20080801
       2127                     520,000.00                       94.55      NO MI                   0.0000
       2128                     160,785.48                       95.00      NO MI                   0.0000
       2129                     404,008.12                       90.00      NO MI                   6.0000                                  20080701
       2130                     241,918.85                       95.00      NO MI                   0.0000
       2131                     165,215.50                       89.95      NO MI                   6.0000                                  20090801
       2132                     265,436.12                       95.00      NO MI                   6.0000                                  20080701
       2133                     339,419.91                       87.07      NO MI                   6.0000                                  20080701
       2134                     268,902.86                       85.00      NO MI                   6.0000                                  20080801
       2135                     617,500.00                       95.00      NO MI                   6.0000                                  20080801
       2136                     166,815.30                      100.00      NO MI                   6.0000                                  20080801
       2137                     294,207.89                       95.00      NO MI                   6.0000                                  20080601
       2138                     633,918.36                       90.00      NO MI                   6.0000                                  20080701
       2139                     336,229.92                       89.88      NO MI                   6.0000                                  20080701
       2140                     213,253.78                       95.00      NO MI                   6.0000                                  20080601
       2141                     307,978.54                       95.00      NO MI                   6.0000                                  20080601
       2142                     270,254.42                       95.00      NO MI                   6.0000                                  20080801
       2143                     255,292.67                       95.00      NO MI                   6.0000                                  20080601
       2144                     270,452.49                       95.00      NO MI                   0.0000
       2145                     173,287.98                       95.00      NO MI                   6.0000                                  20080601
       2146                     540,943.80                       95.00      NO MI                   6.0000                                  20080801
       2147                     220,545.20                       95.00      NO MI                   6.0000                                  20090601
       2148                     587,387.09                       95.00      NO MI                   6.0000                                  20080701
       2149                     388,623.57                       94.93      NO MI                   6.0000                                  20080601
       2150                     404,410.39                       90.00      NO MI                   0.0000
       2151                     530,553.29                       90.00      NO MI                   6.0000                                  20080601
       2152                     290,003.45                       95.00      NO MI                   6.0000                                  20080601
       2153                     403,331.22                       95.00      NO MI                   6.0000                                  20080601
       2154                     163,214.82                       95.00      NO MI                   6.0000                                  20080601
       2155                      97,627.54                       95.00      NO MI                   6.0000                                  20080601
       2156                     340,801.62                       95.00      NO MI                   6.0000                                  20080601
       2157                     161,706.50                       90.00      NO MI                   6.5000                                  20080801
       2158                     498,478.46                       83.33      NO MI                   6.0000                                  20080601
       2159                     109,668.85                       94.02      NO MI                   6.0000                                  20090601
       2160                     199,316.31                       95.00      NO MI                   6.0000                                  20080601
       2161                     119,429.67                       95.00      NO MI                   0.0000
       2162                     187,285.22                       95.00      NO MI                   6.0000                                  20090701
       2163                      80,593.66                       95.00      NO MI                   6.0000                                  20080801
       2164                     364,068.27                       90.00      NO MI                   6.0000                                  20090601
       2165                     319,440.94                       85.33      NO MI                   6.0000                                  20080601
       2166                     331,910.87                       95.00      NO MI                   6.0000                                  20090601
       2167                      68,103.01                       90.00      NO MI                   6.0000                                  20080601
       2168                     407,355.71                       95.00      NO MI                   6.0000                                  20080601
       2169                     450,000.00                       90.00      NO MI                   6.0000                                  20080601
       2170                     345,945.47                       90.00      NO MI                   6.5000                                  20090801
       2171                     428,150.84                       90.00      NO MI                   4.2500                                  20080601
       2172                     359,946.26                       95.00      NO MI                   6.0000                                  20080601
       2173                     111,394.81                       90.00      NO MI                   6.0000                                  20080401
       2174                     814,159.39                       85.00      NO MI                   6.0000                                  20080501
       2175                     489,298.92                       90.00      NO MI                   6.0000                                  20090301
       2176                     152,159.29                       85.00      NO MI                   6.0000                                  20080301
       2177                     333,349.66                       89.89      NO MI                   6.0000                                  20090401

                      MAX_RATE           MIN_RATE                 PER_RATE_CAP    DEAL_INFO             HYBRID_TERM             PREPAY
--------------------------------------------------------------------------------------------------------------------------------------
          1            16.6750            10.6750                    1.0000          I-2                    2YR                 2Y PP
          2            13.7750             7.7750                    1.0000          I-2                    3YR                 No PP
          3            12.7500             6.7500                    1.0000          I-2                    3YR                 No PP
          4            12.8000             6.8000                    1.0000          I-2                    3YR                 No PP
          5            14.5000             8.5000                    1.0000          I-2                    2YR                 1Y PP
          6            15.1000             9.1000                    1.0000          I-2                    3YR                 No PP
          7            12.6000             6.6000                    1.0000          I-2                    2YR                 2Y PP
          8            18.0500            12.0500                    1.0000          I-2                    2YR                 1Y PP
          9            13.8500             7.8500                    1.0000          I-2                    3YR                 No PP
         10            14.8000             8.8000                    1.0000          I-2                    2YR                 2Y PP
         11            15.1500             9.1500                    1.0000          I-2                    2YR                 2Y PP
         12            13.9900             7.9900                    1.0000          I-2                    2YR                 2Y PP
         13            15.1500             9.1500                    1.0000          I-2                    2YR                 1Y PP
         14            13.4000             7.4000                    1.0000          I-2                    2YR                 3Y PP
         15            17.0000            11.0000                    1.0000          I-2                    2YR                 2Y PP
         16            15.0000             9.0000                    1.0000          I-2                    2YR                 1Y PP
         17            14.0000             8.0000                    1.0000          I-2                    2YR                 2Y PP
         18            13.5000             7.5000                    1.0000          I-2                    3YR                 3Y PP
         19            18.5500            12.5500                    1.0000          I-2                    2YR                 No PP
         20             0.0000             0.0000                    0.0000          I-2                                        3Y PP
         21            15.3500             9.3500                    1.0000          I-2                    2YR                 2Y PP
         22            13.7500             7.7500                    1.0000          I-2                    2YR                 2Y PP
         23            17.8500            11.8500                    1.0000          I-2                    2YR                 2Y PP
         24            14.8000             8.8000                    1.0000          I-2                    3YR                 No PP
         25            15.8000             9.8000                    1.0000          I-2                    2YR                 2Y PP
         26            18.4000            12.4000                    1.0000          I-2                    2YR                 2Y PP
         27             0.0000             0.0000                    0.0000          I-2                                        3Y PP
         28             0.0000             0.0000                    0.0000          I-2                                        3Y PP
         29            14.1900             8.1900                    1.0000          I-2                    2YR                 2Y PP
         30            13.8500             7.8500                    1.0000          I-2                    2YR                 2Y PP
         31             0.0000             0.0000                    0.0000          I-2                                        3Y PP
         32            13.3000             7.3000                    1.0000          I-2                    2YR                 No PP
         33            15.1000             9.1000                    1.0000          I-2                    2YR                 No PP
         34             0.0000             0.0000                    0.0000          I-2                                        3Y PP
         35            15.6500             9.6500                    1.0000          I-2                    2YR                 2Y PP
         36             0.0000             0.0000                    0.0000          I-2                                        3Y PP
         37            13.4500             7.4500                    1.0000          I-2                    3YR                 No PP
         38            13.9500             7.9500                    1.0000          I-2                    3YR                 3Y PP
         39            12.5500             6.5500                    1.0000          I-2                    3YR                 No PP
         40            13.9000             7.9000                    1.0000          I-2                    2YR                 2Y PP
         41            16.4000            10.4000                    1.0000          I-1                    2YR                 No PP
         42            16.9250            10.9250                    1.0000          I-2                    2YR                 No PP
         43             0.0000             0.0000                    0.0000          I-2                                        3Y PP
         44            12.9900             6.9900                    1.0000          I-2                    2YR                 2Y PP
         45            14.0500             8.0500                    1.0000          I-2                    2YR                 3Y PP
         46            15.7500             9.7500                    1.0000          I-2                    2YR                 No PP
         47            14.7500             8.7500                    1.0000          I-2                    2YR                 1Y PP
         48            15.3000             9.3000                    1.0000          I-2                    2YR                 2Y PP
         49             0.0000             0.0000                    0.0000          I-2                                        1Y PP
         50            13.9900             7.9900                    1.0000          I-2                    2YR                 2Y PP
         51            15.1500             9.1500                    1.0000          I-2                    2YR                 2Y PP
         52            15.7000             9.7000                    1.0000          I-2                    2YR                 2Y PP
         53             0.0000             0.0000                    0.0000          I-2                                        3Y PP
         54            14.3000             8.3000                    1.0000          I-2                    3YR                 3Y PP
         55             0.0000             0.0000                    0.0000          I-2                                        No PP
         56            14.8120             8.8120                    1.0000          I-2                    3YR                 3Y PP
         57            14.1500             8.1500                    1.0000          I-2                    2YR                 2Y PP
         58            16.3500            10.3500                    1.0000          I-2                    2YR                 2Y PP
         59             0.0000             0.0000                    0.0000          I-2                                        3Y PP
         60            16.6000            10.6000                    1.0000          I-2                    2YR                 1Y PP
         61            14.3500             8.3500                    1.0000          I-2                    3YR                 No PP
         62            15.2500             9.2500                    1.0000          I-2                    2YR                 2Y PP
         63             0.0000             0.0000                    0.0000          I-2                                        3Y PP
         64             0.0000             0.0000                    0.0000          I-2                                        3Y PP
         65             0.0000             0.0000                    0.0000          I-2                                        3Y PP
         66             0.0000             0.0000                    0.0000          I-2                                        3Y PP
         67             0.0000             0.0000                    0.0000          I-2                                        3Y PP
         68             0.0000             0.0000                    0.0000          I-1                                        3Y PP
         69             0.0000             0.0000                    0.0000          I-2                                        3Y PP
         70            14.5000             8.5000                    1.0000          I-2                    3YR                 No PP
         71            14.3000             8.3000                    1.0000          I-2                    2YR                 No PP
         72            13.1500             7.1500                    1.0000          I-1                    2YR                 2Y PP
         73             0.0000             0.0000                    0.0000          I-1                                        2Y PP
         74            14.2500             8.2500                    1.0000          I-2                    2YR                 2Y PP
         75             0.0000             0.0000                    0.0000          I-1                                        3Y PP
         76            12.8500             6.8500                    1.0000          I-1                    2YR                 2Y PP
         77             0.0000             0.0000                    0.0000          I-1                                        3Y PP
         78            14.5000             8.5000                    1.0000          I-1                    2YR                 2Y PP
         79            14.1500             8.1500                    1.0000          I-1                    3YR                 No PP
         80            13.6000             7.6000                    1.0000          I-2                    2YR                 2Y PP
         81             0.0000             0.0000                    0.0000          I-2                                        3Y PP
         82            14.1000             8.1000                    1.0000          I-1                    2YR                 2Y PP
         83            14.2000             8.2000                    1.0000          I-1                    2YR                 No PP
         84            13.6500             7.6500                    1.0000          I-1                    2YR                 2Y PP
         85            14.2500             8.2500                    1.0000          I-2                    2YR                 2Y PP
         86            15.2500             9.2500                    1.0000          I-2                    2YR                 2Y PP
         87             0.0000             0.0000                    0.0000          I-2                                        3Y PP
         88             0.0000             0.0000                    0.0000          I-1                                        3Y PP
         89             0.0000             0.0000                    0.0000          I-2                                        3Y PP
         90            16.7000            10.7000                    1.0000          I-2                    2YR                 No PP
         91            13.1500             7.1500                    1.0000          I-1                    2YR                 2Y PP
         92            14.7000             8.7000                    1.0000          I-1                    2YR                 2Y PP
         93             0.0000             0.0000                    0.0000          I-2                                        2Y PP
         94            14.6000             8.6000                    1.0000          I-2                    2YR                 2Y PP
         95             0.0000             0.0000                    0.0000          I-2                                        3Y PP
         96            13.5000             7.5000                    1.0000          I-2                    2YR                 2Y PP
         97            15.0500             9.0500                    1.0000          I-1                    2YR                 1Y PP
         98            14.9500             8.9500                    1.0000          I-2                    2YR                 1Y PP
         99            14.2000             8.2000                    1.0000          I-2                    2YR                 2Y PP
        100            14.2500             8.2500                    1.0000          I-1                    2YR                 2Y PP
        101            14.6000             8.6000                    1.0000          I-2                    2YR                 No PP
        102             0.0000             0.0000                    0.0000          I-1                                        No PP
        103             0.0000             0.0000                    0.0000          I-1                                        3Y PP
        104            13.7500             7.7500                    1.0000          I-2                    2YR                 2Y PP
        105            13.5000             7.5000                    1.0000          I-2                    2YR                 2Y PP
        106             0.0000             0.0000                    0.0000          I-1                                        No PP
        107            15.2500             9.2500                    1.0000          I-1                    2YR                 2Y PP
        108            14.8500             8.8500                    1.0000          I-1                    2YR                 2Y PP
        109            13.3500             7.3500                    1.0000          I-2                    2YR                 2Y PP
        110            12.9000             6.9000                    1.0000          I-1                    2YR                 2Y PP
        111            13.8250             7.8250                    1.0000          I-2                    2YR                 No PP
        112            14.4000             8.4000                    1.0000          I-1                    3YR                 No PP
        113            16.3500            10.3500                    1.0000          I-1                    2YR                 2Y PP
        114             0.0000             0.0000                    0.0000          I-2                                        3Y PP
        115            14.3000             8.3000                    1.0000          I-2                    3YR                 3Y PP
        116            17.9000            11.9000                    1.0000          I-2                    2YR                 No PP
        117            14.0000             8.0000                    1.0000          I-1                    3YR                 No PP
        118             0.0000             0.0000                    0.0000          I-2                                        2Y PP
        119             0.0000             0.0000                    0.0000          I-2                                        No PP
        120             0.0000             0.0000                    0.0000          I-1                                        No PP
        121            17.8000            11.8000                    1.0000          I-2                    2YR                 2Y PP
        122            14.5000             8.5000                    1.0000          I-2                    2YR                 2Y PP
        123            13.8000             7.8000                    1.0000          I-1                    2YR                 2Y PP
        124            12.8500             6.8500                    1.0000          I-1                    3YR                 3Y PP
        125             0.0000             0.0000                    0.0000          I-1                                        No PP
        126            13.4500             7.4500                    1.0000          I-1                    2YR                 2Y PP
        127            14.9500             8.9500                    1.0000          I-1                    2YR                 2Y PP
        128            12.9500             6.9500                    1.0000          I-1                    2YR                 2Y PP
        129            17.6500            11.6500                    1.0000          I-1                    3YR                 No PP
        130            14.2000             8.2000                    1.0000          I-1                    2YR                 2Y PP
        131             0.0000             0.0000                    0.0000          I-2                                        No PP
        132            14.5000             8.5000                    1.0000          I-2                    2YR                 2Y PP
        133            15.7000             9.7000                    1.0000          I-1                    2YR                 2Y PP
        134            14.9000             8.9000                    1.0000          I-2                    2YR                 2Y PP
        135            12.9900             6.9900                    1.0000          I-2                    3YR                 No PP
        136            13.7750             7.7750                    1.0000          I-2                    2YR                 2Y PP
        137             0.0000             0.0000                    0.0000          I-1                                        No PP
        138            14.1000             8.1000                    1.0000          I-1                    2YR                 2Y PP
        139             0.0000             0.0000                    0.0000          I-2                                        3Y PP
        140            12.5500             6.5500                    1.0000          I-2                    2YR                 2Y PP
        141             0.0000             0.0000                    0.0000          I-1                                        No PP
        142            13.7500             7.7500                    1.0000          I-1                    2YR                 2Y PP
        143            14.1750             8.1750                    1.0000          I-1                    3YR                 No PP
        144            16.3000            10.3000                    1.0000          I-1                    2YR                 No PP
        145             0.0000             0.0000                    0.0000          I-2                                        3Y PP
        146             0.0000             0.0000                    0.0000          I-2                                        No PP
        147            12.9500             6.9500                    1.0000          I-2                    2YR                 2Y PP
        148            13.9000             7.9000                    1.0000          I-2                    2YR                 2Y PP
        149            13.9750             7.9750                    1.0000          I-2                    2YR                 2Y PP
        150            13.5000             7.5000                    1.0000          I-2                    2YR                 2Y PP
        151            15.9900             9.9900                    1.0000          I-2                    2YR                 2Y PP
        152             0.0000             0.0000                    0.0000          I-2                                        3Y PP
        153             0.0000             0.0000                    0.0000          I-2                                        1Y PP
        154            13.7500             7.7500                    1.0000          I-1                    2YR                 2Y PP
        155            13.3000             7.3000                    1.0000          I-2                    2YR                 No PP
        156             0.0000             0.0000                    0.0000          I-2                                        3Y PP
        157            14.2500             8.2500                    1.0000          I-2                    2YR                 1Y PP
        158             0.0000             0.0000                    0.0000          I-1                                        No PP
        159            17.1500            11.1500                    1.0000          I-2                    3YR                 3Y PP
        160            14.8750             8.8750                    1.0000          I-2                    3YR                 No PP
        161            16.6000            10.6000                    1.0000          I-2                    2YR                 2Y PP
        162            14.4000             8.4000                    1.0000          I-2                    3YR                 No PP
        163            13.8000             7.8000                    1.0000          I-1                    2YR                 2Y PP
        164            14.8000             8.8000                    1.0000          I-1                    3YR                 No PP
        165            15.4000             9.4000                    1.0000          I-1                    3YR                 3Y PP
        166            13.9900             7.9900                    1.0000          I-2                    2YR                 2Y PP
        167            12.5500             6.5500                    1.0000          I-2                    2YR                 2Y PP
        168            13.6500             7.6500                    1.0000          I-2                    3YR                 3Y PP
        169            14.8500             8.8500                    1.0000          I-2                    2YR                 2Y PP
        170             0.0000             0.0000                    0.0000          I-2                                        3Y PP
        171             0.0000             0.0000                    0.0000          I-2                                        3Y PP
        172            15.6000             9.6000                    1.0000          I-2                    2YR                 No PP
        173            14.6250             8.6250                    1.0000          I-2                    2YR                 2Y PP
        174             0.0000             0.0000                    0.0000          I-1                                        No PP
        175            15.0000             9.0000                    1.0000          I-1                    2YR                 No PP
        176            14.2500             8.2500                    1.0000          I-1                    2YR                 No PP
        177            15.4500             9.4500                    1.0000          I-2                    3YR                 3Y PP
        178            16.9500            10.9500                    1.0000          I-2                    2YR                 2Y PP
        179            14.5250             8.5250                    1.0000          I-2                    2YR                 No PP
        180            15.2500             9.2500                    1.0000          I-2                    3YR                 No PP
        181             0.0000             0.0000                    0.0000          I-2                                        2Y PP
        182            15.0000             9.0000                    1.0000          I-1                    2YR                 1Y PP
        183            13.4500             7.4500                    1.0000          I-1                    2YR                 2Y PP
        184            17.8500            11.8500                    1.0000          I-1                    3YR                 No PP
        185            16.7500            10.7500                    1.0000          I-2                    2YR                 2Y PP
        186            17.4000            11.4000                    1.0000          I-2                    2YR                 No PP
        187            13.5500             7.5500                    1.0000          I-2                    2YR                 No PP
        188            15.6000             9.6000                    1.0000          I-1                    2YR                 2Y PP
        189            14.1000             8.1000                    1.0000          I-2                    2YR                 2Y PP
        190             0.0000             0.0000                    0.0000          I-2                                        3Y PP
        191            16.5750            10.5750                    1.0000          I-2                    2YR                 2Y PP
        192            13.7000             7.7000                    1.0000          I-1                    3YR                 3Y PP
        193            15.7000             9.7000                    1.0000          I-2                    2YR                 No PP
        194             0.0000             0.0000                    0.0000          I-2                                        3Y PP
        195             0.0000             0.0000                    0.0000          I-1                                        No PP
        196            15.5000             9.5000                    1.0000          I-1                    2YR                 No PP
        197            14.0000             8.0000                    1.0000          I-1                    2YR                 2Y PP
        198            15.9000             9.9000                    1.0000          I-1                    2YR                 No PP
        199            15.6500             9.6500                    1.0000          I-1                    2YR                 1Y PP
        200            13.3000             7.3000                    1.0000          I-2                    3YR                 No PP
        201            13.7000             7.7000                    1.0000          I-2                    2YR                 2Y PP
        202             0.0000             0.0000                    0.0000          I-2                                        3Y PP
        203            13.6000             7.6000                    1.0000          I-1                    3YR                 3Y PP
        204            14.5500             8.5500                    1.0000          I-1                    3YR                 No PP
        205            15.5500             9.5500                    1.0000          I-1                    2YR                 2Y PP
        206             0.0000             0.0000                    0.0000          I-2                                        3Y PP
        207            18.7250            12.7250                    1.0000          I-2                    2YR                 No PP
        208             0.0000             0.0000                    0.0000          I-2                                        3Y PP
        209            13.1700             7.1700                    1.0000          I-2                    3YR                 3Y PP
        210             0.0000             0.0000                    0.0000          I-2                                        No PP
        211            15.4500             9.4500                    1.0000          I-2                    3YR                 No PP
        212            13.9000             7.9000                    1.0000          I-2                    2YR                 2Y PP
        213            15.5000             9.5000                    1.0000          I-2                    2YR                 2Y PP
        214             0.0000             0.0000                    0.0000          I-2                                        3Y PP
        215            13.7500             7.7500                    1.0000          I-2                    2YR                 2Y PP
        216             0.0000             0.0000                    0.0000          I-1                                        No PP
        217            13.7000             7.7000                    1.0000          I-1                    2YR                 2Y PP
        218            14.4000             8.4000                    1.0000          I-1                    2YR                 2Y PP
        219            17.1000            11.1000                    1.0000          I-2                    3YR                 No PP
        220             0.0000             0.0000                    0.0000          I-2                                        2Y PP
        221            14.8000             8.8000                    1.0000          I-1                    3YR                 3Y PP
        222            15.5000             9.5000                    1.0000          I-1                    3YR                 1Y PP
        223            13.7500             7.7500                    1.0000          I-1                    2YR                 2Y PP
        224            15.9000             9.9000                    1.0000          I-1                    2YR                 2Y PP
        225            14.5500             8.5500                    1.0000          I-1                    3YR                 3Y PP
        226             0.0000             0.0000                    0.0000          I-1                                        No PP
        227            13.5500             7.5500                    1.0000          I-2                    3YR                 3Y PP
        228            15.5000             9.5000                    1.0000          I-2                    2YR                 2Y PP
        229            13.0250             7.0250                    1.0000          I-2                    2YR                 2Y PP
        230            14.0250             8.0250                    1.0000          I-1                    2YR                 2Y PP
        231            14.4000             8.4000                    1.0000          I-1                    2YR                 1Y PP
        232            13.2500             7.2500                    1.0000          I-2                    2YR                 2Y PP
        233             0.0000             0.0000                    0.0000          I-2                                        2Y PP
        234            14.5000             8.5000                    1.0000          I-2                    3YR                 No PP
        235             0.0000             0.0000                    0.0000          I-2                                        No PP
        236            15.1000             9.1000                    1.0000          I-2                    3YR                 No PP
        237             0.0000             0.0000                    0.0000          I-1                                        3Y PP
        238            14.5000             8.5000                    1.0000          I-2                    2YR                 2Y PP
        239            12.7500             6.7500                    1.0000          I-1                    3YR                 3Y PP
        240            16.8000            10.8000                    1.0000          I-1                    2YR                 2Y PP
        241             0.0000             0.0000                    0.0000          I-2                                        3Y PP
        242            13.9000             7.9000                    1.0000          I-2                    2YR                 1Y PP
        243            13.9900             7.9900                    1.0000          I-2                    2YR                 1Y PP
        244            13.7000             7.7000                    1.0000          I-1                    3YR                 3Y PP
        245             0.0000             0.0000                    0.0000          I-2                                        No PP
        246            14.4000             8.4000                    1.0000          I-1                    3YR                 3Y PP
        247            14.1500             8.1500                    1.0000          I-1                    2YR                 2Y PP
        248            15.8000             9.8000                    1.0000          I-1                    3YR                 3Y PP
        249            16.9500            10.9500                    1.0000          I-2                    2YR                 No PP
        250             0.0000             0.0000                    0.0000          I-1                                        3Y PP
        251            14.5000             8.5000                    1.0000          I-2                    3YR                 3Y PP
        252            16.8500            10.8500                    1.0000          I-2                    2YR                 2Y PP
        253             0.0000             0.0000                    0.0000          I-1                                        2Y PP
        254            13.2250             7.2250                    1.0000          I-2                    2YR                 2Y PP
        255             0.0000             0.0000                    0.0000          I-2                                        3Y PP
        256             0.0000             0.0000                    0.0000          I-1                                        3Y PP
        257             0.0000             0.0000                    0.0000          I-2                                        3Y PP
        258            13.1000             7.1000                    1.0000          I-1                    3YR                 3Y PP
        259            13.2500             7.2500                    1.0000          I-2                    2YR                 2Y PP
        260            15.1500             9.1500                    1.0000          I-2                    2YR                 1Y PP
        261            14.7750             8.7750                    1.0000          I-2                    2YR                 2Y PP
        262            15.8500             9.8500                    1.0000          I-1                    2YR                 No PP
        263            14.6500             8.6500                    1.0000          I-1                    2YR                 1Y PP
        264            16.7000            10.7000                    1.0000          I-2                    2YR                 2Y PP
        265            14.9000             8.9000                    1.0000          I-1                    3YR                 3Y PP
        266            13.7500             7.7500                    1.0000          I-2                    2YR                 2Y PP
        267            17.0000            11.0000                    1.0000          I-1                    2YR                 2Y PP
        268            16.9500            10.9500                    1.0000          I-2                    2YR                 2Y PP
        269            13.4500             7.4500                    1.0000          I-2                    3YR                 No PP
        270            13.8000             7.8000                    1.0000          I-1                    2YR                 2Y PP
        271             0.0000             0.0000                    0.0000          I-2                                        No PP
        272             0.0000             0.0000                    0.0000          I-2                                        No PP
        273            15.2000             9.2000                    1.0000          I-1                    2YR                 2Y PP
        274            14.0500             8.0500                    1.0000          I-2                    2YR                 2Y PP
        275            14.7000             8.7000                    1.0000          I-2                    2YR                 2Y PP
        276             0.0000             0.0000                    0.0000          I-2                                        3Y PP
        277            15.7500             9.7500                    1.0000          I-2                    2YR                 2Y PP
        278             0.0000             0.0000                    0.0000          I-2                                        No PP
        279            14.9750             8.9750                    1.0000          I-2                    2YR                 2Y PP
        280            13.5500             7.5500                    1.0000          I-2                    2YR                 2Y PP
        281             0.0000             0.0000                    0.0000          I-2                                        3Y PP
        282            15.6000             9.6000                    1.0000          I-2                    2YR                 2Y PP
        283             0.0000             0.0000                    0.0000          I-1                                        No PP
        284            14.8500             8.8500                    1.0000          I-2                    2YR                 No PP
        285            14.0500             8.0500                    1.0000          I-2                    3YR                 No PP
        286            14.9500             8.9500                    1.0000          I-2                    2YR                 2Y PP
        287            15.9500             9.9500                    1.0000          I-2                    2YR                 No PP
        288            12.9900             6.9900                    1.0000          I-2                    2YR                 2Y PP
        289            13.5000             7.5000                    1.0000          I-1                    2YR                 2Y PP
        290            16.9000            10.9000                    1.0000          I-2                    2YR                 2Y PP
        291            14.6500             8.6500                    1.0000          I-1                    2YR                 2Y PP
        292            15.0000             9.0000                    1.0000          I-1                    3YR                 No PP
        293             0.0000             0.0000                    0.0000          I-2                                        2Y PP
        294            15.0500             9.0500                    1.0000          I-1                    3YR                 3Y PP
        295             0.0000             0.0000                    0.0000          I-2                                        No PP
        296            13.4000             7.4000                    1.0000          I-1                    2YR                 2Y PP
        297            16.0000            10.0000                    1.0000          I-1                    2YR                 2Y PP
        298             0.0000             0.0000                    0.0000          I-2                                        3Y PP
        299            13.6000             7.6000                    1.0000          I-1                    2YR                 2Y PP
        300            14.7900             8.7900                    1.0000          I-2                    3YR                 No PP
        301            14.6000             8.6000                    1.0000          I-1                    2YR                 2Y PP
        302            16.2500            10.2500                    1.0000          I-1                    2YR                 2Y PP
        303            14.5000             8.5000                    1.0000          I-1                    2YR                 2Y PP
        304             0.0000             0.0000                    0.0000          I-2                                        3Y PP
        305            13.5000             7.5000                    1.0000          I-2                    2YR                 2Y PP
        306            14.4500             8.4500                    1.0000          I-1                    2YR                 2Y PP
        307            14.6500             8.6500                    1.0000          I-1                    2YR                 2Y PP
        308             0.0000             0.0000                    0.0000          I-2                                        3Y PP
        309            16.4500            10.4500                    1.0000          I-2                    2YR                 2Y PP
        310            14.4000             8.4000                    1.0000          I-2                    2YR                 No PP
        311            13.2500             7.2500                    1.0000          I-1                    2YR                 2Y PP
        312             0.0000             0.0000                    0.0000          I-2                                        3Y PP
        313            16.5000            10.5000                    1.0000          I-2                    2YR                 2Y PP
        314            14.5750             8.5750                    1.0000          I-2                    2YR                 2Y PP
        315            14.1500             8.1500                    1.0000          I-2                    2YR                 2Y PP
        316            13.6000             7.6000                    1.0000          I-1                    2YR                 2Y PP
        317            12.9500             6.9500                    1.0000          I-1                    2YR                 2Y PP
        318             0.0000             0.0000                    0.0000          I-1                                        No PP
        319            13.7000             7.7000                    1.0000          I-1                    2YR                 2Y PP
        320            13.3500             7.3500                    1.0000          I-2                    2YR                 2Y PP
        321            13.0000             7.0000                    1.0000          I-2                    2YR                 2Y PP
        322             0.0000             0.0000                    0.0000          I-2                                        3Y PP
        323            14.2500             8.2500                    1.0000          I-2                    2YR                 2Y PP
        324             0.0000             0.0000                    0.0000          I-1                                        3Y PP
        325             0.0000             0.0000                    0.0000          I-2                                        2Y PP
        326            14.1000             8.1000                    1.0000          I-1                    2YR                 2Y PP
        327            14.4500             8.4500                    1.0000          I-2                    2YR                 2Y PP
        328            14.9900             8.9900                    1.0000          I-1                    2YR                 2Y PP
        329            13.8750             7.8750                    1.0000          I-2                    3YR                 No PP
        330            15.0500             9.0500                    1.0000          I-2                    2YR                 2Y PP
        331            15.9500             9.9500                    1.0000          I-1                    2YR                 2Y PP
        332            13.8870             7.8870                    1.0000          I-1                    3YR                 No PP
        333            13.6500             7.6500                    1.0000          I-1                    2YR                 2Y PP
        334            15.8250             9.8250                    1.0000          I-2                    3YR                 3Y PP
        335            13.4900             7.4900                    1.0000          I-1                    2YR                 2Y PP
        336            14.9900             8.9900                    1.0000          I-2                    2YR                 2Y PP
        337            13.9000             7.9000                    1.0000          I-1                    2YR                 1Y PP
        338             0.0000             0.0000                    0.0000          I-2                                        3Y PP
        339             0.0000             0.0000                    0.0000          I-2                                        3Y PP
        340             0.0000             0.0000                    0.0000          I-2                                        No PP
        341            14.4000             8.4000                    1.0000          I-1                    2YR                 2Y PP
        342            16.3000            10.3000                    1.0000          I-2                    2YR                 No PP
        343            14.7000             8.7000                    1.0000          I-1                    2YR                 2Y PP
        344            14.2000             8.2000                    1.0000          I-2                    3YR                 No PP
        345            14.0000             8.0000                    1.0000          I-1                    2YR                 2Y PP
        346            14.2000             8.2000                    1.0000          I-2                    3YR                 No PP
        347            17.0000            11.0000                    1.0000          I-2                    2YR                 No PP
        348            13.3750             7.3750                    1.0000          I-2                    2YR                 2Y PP
        349            13.4000             7.4000                    1.0000          I-1                    2YR                 2Y PP
        350            14.0000             8.0000                    1.0000          I-1                    2YR                 2Y PP
        351            13.4000             7.4000                    1.0000          I-2                    2YR                 2Y PP
        352             0.0000             0.0000                    0.0000          I-1                                        No PP
        353            15.2500             9.2500                    1.0000          I-1                    3YR                 3Y PP
        354            12.6000             6.6000                    1.0000          I-1                    2YR                 2Y PP
        355             0.0000             0.0000                    0.0000          I-2                                        No PP
        356            15.1500             9.1500                    1.0000          I-1                    2YR                 1Y PP
        357            13.4000             7.4000                    1.0000          I-1                    2YR                 2Y PP
        358            15.3000             9.3000                    1.0000          I-2                    2YR                 2Y PP
        359             0.0000             0.0000                    0.0000          I-2                                        3Y PP
        360             0.0000             0.0000                    0.0000          I-2                                        No PP
        361            14.5000             8.5000                    1.0000          I-2                    2YR                 2Y PP
        362            14.3000             8.3000                    1.0000          I-1                    2YR                 2Y PP
        363            12.6250             6.6250                    1.0000          I-2                    2YR                 No PP
        364            13.7000             7.7000                    1.0000          I-2                    3YR                 3Y PP
        365            14.4000             8.4000                    1.0000          I-1                    2YR                 No PP
        366            14.0250             8.0250                    1.0000          I-1                    3YR                 No PP
        367             0.0000             0.0000                    0.0000          I-2                                        3Y PP
        368             0.0000             0.0000                    0.0000          I-2                                        3Y PP
        369            13.9900             7.9900                    1.0000          I-1                    2YR                 2Y PP
        370            13.5000             7.5000                    1.0000          I-2                    2YR                 No PP
        371             0.0000             0.0000                    0.0000          I-1                                        No PP
        372            15.5750             9.5750                    1.0000          I-2                    2YR                 2Y PP
        373            14.9000             8.9000                    1.0000          I-2                    2YR                 2Y PP
        374            14.7000             8.7000                    1.0000          I-2                    2YR                 No PP
        375            14.7000             8.7000                    1.0000          I-2                    2YR                 No PP
        376            14.9500             8.9500                    1.0000          I-1                    2YR                 2Y PP
        377             0.0000             0.0000                    0.0000          I-1                                        No PP
        378            14.3000             8.3000                    1.0000          I-1                    3YR                 No PP
        379            16.6500            10.6500                    1.0000          I-1                    3YR                 1Y PP
        380            14.2500             8.2500                    1.0000          I-1                    2YR                 No PP
        381            14.9000             8.9000                    1.0000          I-2                    3YR                 No PP
        382            13.7500             7.7500                    1.0000          I-1                    2YR                 1Y PP
        383            15.8500             9.8500                    1.0000          I-1                    3YR                 3Y PP
        384             0.0000             0.0000                    0.0000          I-2                                        3Y PP
        385            14.9900             8.9900                    1.0000          I-2                    2YR                 No PP
        386             0.0000             0.0000                    0.0000          I-1                                        No PP
        387             0.0000             0.0000                    0.0000          I-2                                        3Y PP
        388            13.4200             7.4200                    1.0000          I-1                    2YR                 1Y PP
        389            16.2500            10.2500                    1.0000          I-1                    2YR                 2Y PP
        390             0.0000             0.0000                    0.0000          I-1                                        No PP
        391            13.9500             7.9500                    1.0000          I-2                    2YR                 3Y PP
        392             0.0000             0.0000                    0.0000          I-2                                        3Y PP
        393             0.0000             0.0000                    0.0000          I-2                                        3Y PP
        394             0.0000             0.0000                    0.0000          I-2                                        3Y PP
        395             0.0000             0.0000                    0.0000          I-2                                        3Y PP
        396             0.0000             0.0000                    0.0000          I-1                                        No PP
        397             0.0000             0.0000                    0.0000          I-1                                        1Y PP
        398             0.0000             0.0000                    0.0000          I-1                                        No PP
        399            14.3500             8.3500                    1.0000          I-2                    2YR                 No PP
        400            15.0870             9.0870                    1.0000          I-2                    2YR                 2Y PP
        401            14.4500             8.4500                    1.0000          I-2                    3YR                 No PP
        402             0.0000             0.0000                    0.0000          I-1                                        No PP
        403            13.2000             7.2000                    1.0000          I-1                    2YR                 2Y PP
        404            13.2500             7.2500                    1.0000          I-1                    2YR                 2Y PP
        405            14.3500             8.3500                    1.0000          I-1                    2YR                 No PP
        406            13.9500             7.9500                    1.0000          I-2                    3YR                 No PP
        407             0.0000             0.0000                    0.0000          I-2                                        3Y PP
        408             0.0000             0.0000                    0.0000          I-2                                        3Y PP
        409            13.4500             7.4500                    1.0000          I-1                    2YR                 No PP
        410             0.0000             0.0000                    0.0000          I-2                                        3Y PP
        411            14.2000             8.2000                    1.0000          I-2                    3YR                 3Y PP
        412            13.7000             7.7000                    1.0000          I-1                    2YR                 2Y PP
        413            13.5000             7.5000                    1.0000          I-1                    3YR                 No PP
        414            13.9900             7.9900                    1.0000          I-1                    2YR                 2Y PP
        415            14.3750             8.3750                    1.0000          I-2                    2YR                 No PP
        416             0.0000             0.0000                    0.0000          I-2                                        No PP
        417            14.5500             8.5500                    1.0000          I-2                    3YR                 3Y PP
        418            15.3500             9.3500                    1.0000          I-1                    3YR                 3Y PP
        419             0.0000             0.0000                    0.0000          I-1                                        3Y PP
        420            14.9900             8.9900                    1.0000          I-2                    2YR                 No PP
        421             0.0000             0.0000                    0.0000          I-2                                        3Y PP
        422             0.0000             0.0000                    0.0000          I-2                                        3Y PP
        423            14.8500             8.8500                    1.0000          I-2                    2YR                 No PP
        424            16.8500            10.8500                    1.0000          I-2                    2YR                 2Y PP
        425            14.9000             8.9000                    1.0000          I-1                    2YR                 No PP
        426             0.0000             0.0000                    0.0000          I-1                                        3Y PP
        427            16.6500            10.6500                    1.0000          I-2                    2YR                 2Y PP
        428             0.0000             0.0000                    0.0000          I-2                                        3Y PP
        429            14.1000             8.1000                    1.0000          I-1                    2YR                 2Y PP
        430            13.4500             7.4500                    1.0000          I-2                    3YR                 3Y PP
        431            16.3500            10.3500                    1.0000          I-2                    3YR                 No PP
        432            15.9500             9.9500                    1.0000          I-1                    2YR                 2Y PP
        433             0.0000             0.0000                    0.0000          I-2                                        3Y PP
        434            17.0000            11.0000                    1.0000          I-2                    2YR                 No PP
        435            13.5500             7.5500                    1.0000          I-2                    3YR                 No PP
        436            14.0500             8.0500                    1.0000          I-1                    2YR                 2Y PP
        437             0.0000             0.0000                    0.0000          I-2                                        No PP
        438            14.9000             8.9000                    1.0000          I-1                    2YR                 No PP
        439            14.9500             8.9500                    1.0000          I-2                    3YR                 No PP
        440            13.8000             7.8000                    1.0000          I-1                    2YR                 2Y PP
        441             0.0000             0.0000                    0.0000          I-2                                        3Y PP
        442            15.1500             9.1500                    1.0000          I-2                    2YR                 2Y PP
        443            14.9900             8.9900                    1.0000          I-2                    3YR                 No PP
        444            13.2500             7.2500                    1.0000          I-1                    2YR                 No PP
        445            14.4500             8.4500                    1.0000          I-2                    2YR                 2Y PP
        446             0.0000             0.0000                    0.0000          I-2                                        3Y PP
        447            12.8500             6.8500                    1.0000          I-2                    3YR                 1Y PP
        448            14.1000             8.1000                    1.0000          I-1                    2YR                 2Y PP
        449            14.5000             8.5000                    1.0000          I-2                    2YR                 2Y PP
        450             0.0000             0.0000                    0.0000          I-1                                        No PP
        451             0.0000             0.0000                    0.0000          I-2                                        No PP
        452            13.0500             7.0500                    1.0000          I-2                    2YR                 2Y PP
        453            14.9500             6.0000                    1.0000          I-2                    2YR                 1Y PP
        454            14.9500             8.9500                    1.0000          I-2                    2YR                 1Y PP
        455             0.0000             0.0000                    0.0000          I-2                                        No PP
        456             0.0000             0.0000                    0.0000          I-2                                        3Y PP
        457             0.0000             0.0000                    0.0000          I-2                                        No PP
        458             0.0000             0.0000                    0.0000          I-2                                        3Y PP
        459             0.0000             0.0000                    0.0000          I-2                                        3Y PP
        460            13.8500             7.8500                    1.0000          I-2                    2YR                 No PP
        461             0.0000             0.0000                    0.0000          I-2                                        1Y PP
        462            14.4000             8.4000                    1.0000          I-1                    3YR                 3Y PP
        463            14.1000             8.1000                    1.0000          I-2                    2YR                 2Y PP
        464            15.6000             9.6000                    1.0000          I-2                    3YR                 2Y PP
        465             0.0000             0.0000                    0.0000          I-2                                        3Y PP
        466            14.4500             8.4500                    1.0000          I-1                    2YR                 2Y PP
        467             0.0000             0.0000                    0.0000          I-1                                        3Y PP
        468            13.6000             7.6000                    1.0000          I-2                    3YR                 3Y PP
        469            15.3000             9.3000                    1.0000          I-2                    2YR                 2Y PP
        470             0.0000             0.0000                    0.0000          I-1                                        No PP
        471            16.0000            10.0000                    1.0000          I-1                    2YR                 2Y PP
        472            14.6000             8.6000                    1.0000          I-2                    2YR                 2Y PP
        473            15.2500             9.2500                    1.0000          I-1                    2YR                 2Y PP
        474             0.0000             0.0000                    0.0000          I-1                                        No PP
        475            17.4000            11.4000                    1.0000          I-1                    3YR                 No PP
        476             0.0000             0.0000                    0.0000          I-2                                        No PP
        477             0.0000             0.0000                    0.0000          I-2                                        No PP
        478            13.6000             7.6000                    1.0000          I-2                    3YR                 No PP
        479             0.0000             0.0000                    0.0000          I-2                                        No PP
        480            13.9900             7.9900                    1.0000          I-2                    3YR                 No PP
        481            13.8000             7.8000                    1.0000          I-2                    2YR                 2Y PP
        482            13.7500             7.7500                    1.0000          I-2                    2YR                 No PP
        483            14.9900             8.9900                    1.0000          I-2                    3YR                 No PP
        484             0.0000             0.0000                    0.0000          I-2                                        No PP
        485             0.0000             0.0000                    0.0000          I-2                                        No PP
        486             0.0000             0.0000                    0.0000          I-2                                        3Y PP
        487            12.9000             6.9000                    1.0000          I-2                    3YR                 No PP
        488            15.2000             9.2000                    1.0000          I-2                    3YR                 3Y PP
        489             0.0000             0.0000                    0.0000          I-2                                        3Y PP
        490             0.0000             0.0000                    0.0000          I-1                                        3Y PP
        491            13.3500             7.3500                    1.0000          I-2                    3YR                 3Y PP
        492             0.0000             0.0000                    0.0000          I-1                                        No PP
        493            13.2500             7.2500                    1.0000          I-1                    2YR                 2Y PP
        494            16.3000            10.3000                    1.0000          I-2                    3YR                 3Y PP
        495            13.5000             7.5000                    1.0000          I-1                    2YR                 2Y PP
        496            13.4500             7.4500                    1.0000          I-2                    2YR                 No PP
        497            13.9000             7.9000                    1.0000          I-1                    2YR                 2Y PP
        498            14.1500             8.1500                    1.0000          I-2                    3YR                 No PP
        499             0.0000             0.0000                    0.0000          I-2                                        No PP
        500            14.6500             8.6500                    1.0000          I-1                    2YR                 2Y PP
        501            14.0000             8.0000                    1.0000          I-1                    3YR                 3Y PP
        502            13.9900             7.9900                    1.0000          I-2                    3YR                 No PP
        503            13.7000             7.7000                    1.0000          I-2                    3YR                 No PP
        504            12.8000             6.8000                    1.0000          I-1                    2YR                 2Y PP
        505            13.9900             7.9900                    1.0000          I-1                    3YR                 3Y PP
        506            12.9000             6.9000                    1.0000          I-1                    2YR                 2Y PP
        507            16.0000            10.0000                    1.0000          I-2                    3YR                 3Y PP
        508            13.9900             7.9900                    1.0000          I-2                    2YR                 2Y PP
        509             0.0000             0.0000                    0.0000          I-2                                        3Y PP
        510            13.7000             7.7000                    1.0000          I-2                    2YR                 No PP
        511            15.4250             9.4250                    1.0000          I-1                    2YR                 2Y PP
        512            14.6500             8.6500                    1.0000          I-2                    2YR                 2Y PP
        513             0.0000             0.0000                    0.0000          I-2                                        3Y PP
        514            13.0000             7.0000                    1.0000          I-1                    2YR                 2Y PP
        515            15.8500             9.8500                    1.0000          I-1                    2YR                 2Y PP
        516             0.0000             0.0000                    0.0000          I-2                                        No PP
        517             0.0000             0.0000                    0.0000          I-2                                        3Y PP
        518            16.4000            10.4000                    1.0000          I-1                    2YR                 No PP
        519            14.2500             8.2500                    1.0000          I-2                    3YR                 3Y PP
        520            14.1500             8.1500                    1.0000          I-2                    2YR                 1Y PP
        521            14.8000             8.8000                    1.0000          I-2                    3YR                 No PP
        522             0.0000             0.0000                    0.0000          I-2                                        3Y PP
        523            13.9500             7.9500                    1.0000          I-1                    2YR                 2Y PP
        524            15.3000             9.3000                    1.0000          I-1                    2YR                 No PP
        525            14.4500             8.4500                    1.0000          I-2                    2YR                 2Y PP
        526             0.0000             0.0000                    0.0000          I-2                                        No PP
        527            16.3000            10.3000                    1.0000          I-1                    2YR                 2Y PP
        528             0.0000             0.0000                    0.0000          I-2                                        3Y PP
        529             0.0000             0.0000                    0.0000          I-2                                        No PP
        530            14.7000             8.7000                    1.0000          I-2                    2YR                 2Y PP
        531            14.4900             8.4900                    1.0000          I-1                    3YR                 No PP
        532            13.7500             7.7500                    1.0000          I-1                    2YR                 2Y PP
        533             0.0000             0.0000                    0.0000          I-2                                        1Y PP
        534             0.0000             0.0000                    0.0000          I-2                                        3Y PP
        535            15.6500             9.6500                    1.0000          I-2                    2YR                 No PP
        536            13.7500             7.7500                    1.0000          I-2                    2YR                 3Y PP
        537             0.0000             0.0000                    0.0000          I-2                                        3Y PP
        538             0.0000             0.0000                    0.0000          I-2                                        3Y PP
        539             0.0000             0.0000                    0.0000          I-2                                        3Y PP
        540            13.2000             7.2000                    1.0000          I-1                    2YR                 2Y PP
        541            14.2000             8.2000                    1.0000          I-2                    2YR                 2Y PP
        542            17.6000            11.6000                    1.0000          I-2                    2YR                 No PP
        543            13.9000             7.9000                    1.0000          I-1                    2YR                 2Y PP
        544            15.1500             9.1500                    1.0000          I-2                    3YR                 No PP
        545            14.5000             8.5000                    1.0000          I-1                    2YR                 No PP
        546            13.8500             7.8500                    1.0000          I-1                    2YR                 2Y PP
        547            15.6750             9.6750                    1.0000          I-2                    2YR                 2Y PP
        548            15.9500             9.9500                    1.0000          I-2                    2YR                 2Y PP
        549             0.0000             0.0000                    0.0000          I-2                                        No PP
        550             0.0000             0.0000                    0.0000          I-2                                        3Y PP
        551            14.3000             8.3000                    1.0000          I-2                    2YR                 2Y PP
        552            13.9900             7.9900                    1.0000          I-2                    3YR                 No PP
        553            15.0000             9.0000                    1.0000          I-2                    2YR                 2Y PP
        554             0.0000             0.0000                    0.0000          I-1                                        3Y PP
        555            15.7500             9.7500                    1.0000          I-2                    2YR                 1Y PP
        556            13.8500             7.8500                    1.0000          I-1                    2YR                 2Y PP
        557            16.9500            10.9500                    1.0000          I-1                    2YR                 2Y PP
        558            13.4500             7.4500                    1.0000          I-1                    2YR                 2Y PP
        559            15.7250             9.7250                    1.0000          I-2                    3YR                 No PP
        560            16.2000            10.2000                    1.0000          I-2                    2YR                 No PP
        561            15.9000             9.9000                    1.0000          I-2                    2YR                 2Y PP
        562            17.1500            11.1500                    1.0000          I-2                    2YR                 2Y PP
        563            16.0500            10.0500                    1.0000          I-1                    3YR                 No PP
        564            13.3000             7.3000                    1.0000          I-1                    2YR                 2Y PP
        565            15.9000             9.9000                    1.0000          I-2                    2YR                 2Y PP
        566            14.3500             8.3500                    1.0000          I-2                    2YR                 No PP
        567            14.7750             8.7750                    1.0000          I-1                    3YR                 No PP
        568            13.7000             7.7000                    1.0000          I-1                    2YR                 2Y PP
        569            15.4500             9.4500                    1.0000          I-2                    2YR                 No PP
        570            14.0500             8.0500                    1.0000          I-1                    2YR                 2Y PP
        571            12.8500             6.8500                    1.0000          I-1                    2YR                 2Y PP
        572            14.0500             8.0500                    1.0000          I-1                    2YR                 No PP
        573            13.7500             7.7500                    1.0000          I-2                    2YR                 2Y PP
        574            14.8000             8.8000                    1.0000          I-2                    2YR                 1Y PP
        575            13.4500             7.4500                    1.0000          I-1                    3YR                 No PP
        576            13.2000             7.2000                    1.0000          I-2                    2YR                 1Y PP
        577             0.0000             0.0000                    0.0000          I-2                                        No PP
        578            13.0500             7.0500                    1.0000          I-1                    2YR                 2Y PP
        579             0.0000             0.0000                    0.0000          I-2                                        No PP
        580             0.0000             0.0000                    0.0000          I-1                                        3Y PP
        581             0.0000             0.0000                    0.0000          I-2                                        1Y PP
        582             0.0000             0.0000                    0.0000          I-1                                        No PP
        583            14.9000             8.9000                    1.0000          I-1                    3YR                 No PP
        584            13.8000             7.8000                    1.0000          I-2                    2YR                 2Y PP
        585            14.9000             8.9000                    1.0000          I-2                    3YR                 No PP
        586            15.1250             9.1250                    1.0000          I-2                    2YR                 No PP
        587            15.2500             9.2500                    1.0000          I-2                    2YR                 2Y PP
        588            14.5000             8.5000                    1.0000          I-2                    3YR                 No PP
        589            14.0000             8.0000                    1.0000          I-1                    2YR                 No PP
        590            13.9900             7.9900                    1.0000          I-1                    2YR                 2Y PP
        591             0.0000             0.0000                    0.0000          I-1                                        3Y PP
        592            14.0000             8.0000                    1.0000          I-1                    2YR                 2Y PP
        593            14.5000             8.5000                    1.0000          I-1                    2YR                 1Y PP
        594            13.5000             7.5000                    1.0000          I-1                    2YR                 2Y PP
        595            15.9500             9.9500                    1.0000          I-2                    2YR                 No PP
        596            15.8750             9.8750                    1.0000          I-2                    2YR                 2Y PP
        597            16.6000            10.6000                    1.0000          I-2                    3YR                 No PP
        598            14.3000             8.3000                    1.0000          I-2                    2YR                 1Y PP
        599             0.0000             0.0000                    0.0000          I-1                                        No PP
        600            14.1000             8.1000                    1.0000          I-2                    3YR                 No PP
        601            16.1000            10.1000                    1.0000          I-2                    2YR                 2Y PP
        602            14.3500             8.3500                    1.0000          I-2                    2YR                 2Y PP
        603            14.1500             8.1500                    1.0000          I-1                    2YR                 2Y PP
        604            15.5500             9.5500                    1.0000          I-1                    3YR                 No PP
        605             0.0000             0.0000                    0.0000          I-2                                        No PP
        606             0.0000             0.0000                    0.0000          I-1                                        No PP
        607            13.4000             7.4000                    1.0000          I-2                    3YR                 3Y PP
        608            13.9750             7.9750                    1.0000          I-1                    2YR                 2Y PP
        609             0.0000             0.0000                    0.0000          I-2                                        3Y PP
        610            13.9700             7.9700                    1.0000          I-1                    3YR                 No PP
        611             0.0000             0.0000                    0.0000          I-2                                        No PP
        612             0.0000             0.0000                    0.0000          I-1                                        No PP
        613            15.9500             9.9500                    1.0000          I-2                    3YR                 No PP
        614             0.0000             0.0000                    0.0000          I-2                                        3Y PP
        615            16.8750            10.8750                    1.0000          I-2                    2YR                 No PP
        616            15.8350             9.8350                    1.0000          I-1                    2YR                 2Y PP
        617            14.2000             8.2000                    1.0000          I-2                    2YR                 2Y PP
        618             0.0000             0.0000                    0.0000          I-2                                        No PP
        619             0.0000             0.0000                    0.0000          I-1                                        3Y PP
        620            15.0000             9.0000                    1.0000          I-2                    3YR                 No PP
        621            14.6750             8.6750                    1.0000          I-2                    3YR                 No PP
        622             0.0000             0.0000                    0.0000          I-2                                        3Y PP
        623            13.7000             7.7000                    1.0000          I-1                    2YR                 2Y PP
        624            14.9750             8.9750                    1.0000          I-2                    2YR                 2Y PP
        625             0.0000             0.0000                    0.0000          I-1                                        3Y PP
        626            15.3000             9.3000                    1.0000          I-2                    2YR                 2Y PP
        627            13.4000             7.4000                    1.0000          I-1                    2YR                 2Y PP
        628             0.0000             0.0000                    0.0000          I-2                                        3Y PP
        629            17.5000            11.5000                    1.0000          I-1                    2YR                 2Y PP
        630            15.9250             9.9250                    1.0000          I-1                    3YR                 3Y PP
        631            13.6000             7.6000                    1.0000          I-1                    2YR                 1Y PP
        632            15.2000             9.2000                    1.0000          I-2                    3YR                 3Y PP
        633            13.6000             7.6000                    1.0000          I-1                    2YR                 2Y PP
        634            16.5500            10.5500                    1.0000          I-2                    2YR                 2Y PP
        635            13.3500             7.3500                    1.0000          I-1                    2YR                 2Y PP
        636            13.6000             7.6000                    1.0000          I-1                    2YR                 2Y PP
        637             0.0000             0.0000                    0.0000          I-2                                        3Y PP
        638            13.5000             7.5000                    1.0000          I-1                    2YR                 2Y PP
        639            14.3000             8.3000                    1.0000          I-2                    2YR                 No PP
        640            13.5000             7.5000                    1.0000          I-1                    2YR                 2Y PP
        641            14.9500             8.9500                    1.0000          I-2                    3YR                 No PP
        642            14.8000             8.8000                    1.0000          I-1                    2YR                 No PP
        643            15.0000             9.0000                    1.0000          I-2                    2YR                 2Y PP
        644             0.0000             0.0000                    0.0000          I-1                                        No PP
        645             0.0000             0.0000                    0.0000          I-2                                        3Y PP
        646             0.0000             0.0000                    0.0000          I-2                                        No PP
        647            13.4000             7.4000                    1.0000          I-2                    3YR                 3Y PP
        648            14.1500             8.1500                    1.0000          I-2                    3YR                 3Y PP
        649            15.8500             9.8500                    1.0000          I-2                    2YR                 No PP
        650            15.3250             9.3250                    1.0000          I-2                    3YR                 No PP
        651            14.5000             8.5000                    1.0000          I-2                    3YR                 No PP
        652            15.3000             9.3000                    1.0000          I-1                    3YR                 3Y PP
        653            16.9000            10.9000                    1.0000          I-1                    2YR                 2Y PP
        654            14.8000             8.8000                    1.0000          I-2                    3YR                 No PP
        655            14.3500             8.3500                    1.0000          I-1                    3YR                 No PP
        656             0.0000             0.0000                    0.0000          I-2                                        3Y PP
        657            13.7500             7.7500                    1.0000          I-1                    2YR                 No PP
        658            14.1000             8.1000                    1.0000          I-2                    2YR                 2Y PP
        659             0.0000             0.0000                    0.0000          I-2                                        No PP
        660            16.6500            10.6500                    1.0000          I-2                    2YR                 No PP
        661             0.0000             0.0000                    0.0000          I-2                                        3Y PP
        662            13.9900             7.9900                    1.0000          I-2                    2YR                 No PP
        663            13.5000             7.5000                    1.0000          I-2                    3YR                 No PP
        664            13.8000             7.8000                    1.0000          I-2                    2YR                 2Y PP
        665            14.1000             8.1000                    1.0000          I-2                    2YR                 2Y PP
        666             0.0000             0.0000                    0.0000          I-1                                        1Y PP
        667             0.0000             0.0000                    0.0000          I-2                                        No PP
        668            13.1500             7.1500                    1.0000          I-2                    2YR                 2Y PP
        669             0.0000             0.0000                    0.0000          I-1                                        No PP
        670            12.5000             6.5000                    1.0000          I-2                    2YR                 No PP
        671            14.6500             8.6500                    1.0000          I-2                    3YR                 No PP
        672            15.7500             9.7500                    1.0000          I-2                    3YR                 No PP
        673            14.2500             8.2500                    1.0000          I-1                    3YR                 No PP
        674            13.3000             7.3000                    1.0000          I-1                    2YR                 2Y PP
        675            15.0500             9.0500                    1.0000          I-1                    2YR                 2Y PP
        676            14.8500             8.8500                    1.0000          I-1                    2YR                 No PP
        677            16.7500            10.7500                    1.0000          I-1                    2YR                 2Y PP
        678            14.5000             8.5000                    1.0000          I-1                    2YR                 2Y PP
        679            17.2500            11.2500                    1.0000          I-1                    2YR                 No PP
        680            16.5500            10.5500                    1.0000          I-2                    3YR                 3Y PP
        681            12.7500             6.7500                    1.0000          I-1                    3YR                 3Y PP
        682            15.9000             9.9000                    1.0000          I-2                    3YR                 3Y PP
        683            13.9900             7.9900                    1.0000          I-2                    2YR                 2Y PP
        684            12.4000             6.4000                    1.0000          I-1                    2YR                 2Y PP
        685            15.0750             9.0750                    1.0000          I-2                    2YR                 No PP
        686             0.0000             0.0000                    0.0000          I-2                                        No PP
        687            14.6500             8.6500                    1.0000          I-1                    2YR                 2Y PP
        688             0.0000             0.0000                    0.0000          I-2                                        No PP
        689            16.9000            10.9000                    1.0000          I-1                    2YR                 1Y PP
        690            15.7500             9.7500                    1.0000          I-2                    3YR                 No PP
        691            14.3000             8.3000                    1.0000          I-1                    2YR                 1Y PP
        692            15.2500             9.2500                    1.0000          I-2                    2YR                 2Y PP
        693            14.7000             8.7000                    1.0000          I-2                    3YR                 3Y PP
        694            15.5000             9.5000                    1.0000          I-2                    3YR                 3Y PP
        695            14.0500             8.0500                    1.0000          I-2                    3YR                 No PP
        696            15.3000             9.3000                    1.0000          I-2                    2YR                 3Y PP
        697             0.0000             0.0000                    0.0000          I-2                                        3Y PP
        698            12.1000             6.1000                    1.0000          I-2                    3YR                 3Y PP
        699            15.2250             9.2250                    1.0000          I-1                    2YR                 2Y PP
        700             0.0000             0.0000                    0.0000          I-1                                        No PP
        701             0.0000             0.0000                    0.0000          I-2                                        1Y PP
        702            14.6500             8.6500                    1.0000          I-1                    2YR                 2Y PP
        703            14.8400             8.8400                    1.0000          I-2                    2YR                 1Y PP
        704            16.1500            10.1500                    1.0000          I-2                    2YR                 2Y PP
        705            14.7500             8.7500                    1.0000          I-1                    3YR                 3Y PP
        706            15.3250             9.3250                    1.0000          I-2                    2YR                 2Y PP
        707            13.2000             7.2000                    1.0000          I-2                    2YR                 2Y PP
        708             0.0000             0.0000                    0.0000          I-1                                        No PP
        709            13.9900             7.9900                    1.0000          I-2                    2YR                 2Y PP
        710            15.9880             9.9880                    1.0000          I-2                    3YR                 No PP
        711            13.9900             7.9900                    1.0000          I-1                    2YR                 2Y PP
        712             0.0000             0.0000                    0.0000          I-1                                        No PP
        713            13.0000             7.0000                    1.0000          I-2                    3YR                 No PP
        714             0.0000             0.0000                    0.0000          I-1                                        No PP
        715            13.6500             7.6500                    1.0000          I-1                    2YR                 2Y PP
        716            15.1000             9.1000                    1.0000          I-2                    3YR                 No PP
        717             0.0000             0.0000                    0.0000          I-2                                        No PP
        718            15.8000             9.8000                    1.0000          I-2                    2YR                 No PP
        719             0.0000             0.0000                    0.0000          I-2                                        No PP
        720            16.5000            10.5000                    1.0000          I-2                    2YR                 No PP
        721             0.0000             0.0000                    0.0000          I-2                                        No PP
        722            14.9500             8.9500                    1.0000          I-2                    3YR                 No PP
        723             0.0000             0.0000                    0.0000          I-2                                        1Y PP
        724            13.1000             7.1000                    1.0000          I-1                    2YR                 2Y PP
        725            13.9000             7.9000                    1.0000          I-1                    2YR                 No PP
        726            14.2500             8.2500                    1.0000          I-1                    2YR                 2Y PP
        727            13.4500             7.4500                    1.0000          I-2                    2YR                 No PP
        728            15.5000             9.5000                    1.0000          I-2                    2YR                 No PP
        729            13.7000             7.7000                    1.0000          I-2                    2YR                 2Y PP
        730            13.1000             7.1000                    1.0000          I-2                    2YR                 2Y PP
        731            13.3000             7.3000                    1.0000          I-1                    2YR                 No PP
        732            13.2000             7.2000                    1.0000          I-2                    2YR                 2Y PP
        733            15.6000             9.6000                    1.0000          I-2                    2YR                 1Y PP
        734            15.2000             9.2000                    1.0000          I-2                    2YR                 No PP
        735            16.7500            10.7500                    1.0000          I-2                    3YR                 No PP
        736            15.2500             9.2500                    1.0000          I-2                    3YR                 3Y PP
        737            16.2000            10.2000                    1.0000          I-2                    3YR                 3Y PP
        738            15.5000             9.5000                    1.0000          I-2                    2YR                 2Y PP
        739            14.0500             8.0500                    1.0000          I-1                    2YR                 No PP
        740            14.4500             8.4500                    1.0000          I-2                    2YR                 2Y PP
        741            14.3000             8.3000                    1.0000          I-1                    3YR                 No PP
        742            13.9900             7.9900                    1.0000          I-1                    2YR                 No PP
        743             0.0000             0.0000                    0.0000          I-1                                        No PP
        744            14.7500             8.7500                    1.0000          I-2                    2YR                 2Y PP
        745            14.6000             8.6000                    1.0000          I-2                    2YR                 2Y PP
        746            15.3500             9.3500                    1.0000          I-2                    2YR                 2Y PP
        747            12.3750             6.3750                    1.0000          I-1                    2YR                 2Y PP
        748            13.3500             7.3500                    1.0000          I-1                    2YR                 2Y PP
        749            13.7500             7.7500                    1.0000          I-1                    2YR                 No PP
        750            15.5500             9.5500                    1.0000          I-2                    2YR                 2Y PP
        751            13.9900             7.9900                    1.0000          I-1                    2YR                 1Y PP
        752            13.6500             7.6500                    1.0000          I-2                    3YR                 No PP
        753            15.2500             9.2500                    1.0000          I-2                    2YR                 No PP
        754            13.0500             7.0500                    1.0000          I-2                    2YR                 2Y PP
        755             0.0000             0.0000                    0.0000          I-1                                        No PP
        756            13.5500             7.5500                    1.0000          I-1                    3YR                 No PP
        757            14.7500             8.7500                    1.0000          I-2                    2YR                 2Y PP
        758            13.2500             7.2500                    1.0000          I-2                    2YR                 2Y PP
        759            13.7250             7.7250                    1.0000          I-1                    2YR                 2Y PP
        760            16.8500            10.8500                    1.0000          I-2                    2YR                 2Y PP
        761            14.0500             8.0500                    1.0000          I-1                    2YR                 2Y PP
        762            16.8500            10.8500                    1.0000          I-2                    2YR                 2Y PP
        763            13.8800             7.8800                    1.0000          I-1                    3YR                 1Y PP
        764            18.8000            12.8000                    1.0000          I-2                    2YR                 No PP
        765             0.0000             0.0000                    0.0000          I-1                                        No PP
        766            15.4000             9.4000                    1.0000          I-2                    3YR                 3Y PP
        767             0.0000             0.0000                    0.0000          I-2                                        3Y PP
        768            13.5500             7.5500                    1.0000          I-1                    3YR                 3Y PP
        769            14.7500             8.7500                    1.0000          I-1                    2YR                 No PP
        770            14.6000             8.6000                    1.0000          I-1                    2YR                 2Y PP
        771            14.9000             8.9000                    1.0000          I-2                    2YR                 2Y PP
        772            13.7500             7.7500                    1.0000          I-2                    2YR                 No PP
        773            13.0000             7.0000                    1.0000          I-1                    2YR                 2Y PP
        774            15.8000             9.8000                    1.0000          I-2                    3YR                 No PP
        775            13.4500             7.4500                    1.0000          I-1                    3YR                 No PP
        776            14.0500             8.0500                    1.0000          I-2                    2YR                 No PP
        777            16.3000            10.3000                    1.0000          I-2                    2YR                 No PP
        778            17.0000            11.0000                    1.0000          I-2                    2YR                 2Y PP
        779            14.8000             8.8000                    1.0000          I-1                    2YR                 2Y PP
        780             0.0000             0.0000                    0.0000          I-1                                        No PP
        781             0.0000             0.0000                    0.0000          I-2                                        1Y PP
        782            14.9900             8.9900                    1.0000          I-1                    3YR                 No PP
        783            14.5500             8.5500                    1.0000          I-1                    2YR                 No PP
        784            13.9000             7.9000                    1.0000          I-2                    2YR                 2Y PP
        785            13.7500             7.7500                    1.0000          I-1                    2YR                 2Y PP
        786            13.6500             7.6500                    1.0000          I-1                    3YR                 3Y PP
        787             0.0000             0.0000                    0.0000          I-2                                        3Y PP
        788            14.9500             8.9500                    1.0000          I-2                    2YR                 2Y PP
        789            14.5000             8.5000                    1.0000          I-2                    3YR                 No PP
        790            14.9900             8.9900                    1.0000          I-1                    2YR                 2Y PP
        791            15.8000             9.8000                    1.0000          I-1                    2YR                 2Y PP
        792            15.1500             9.1500                    1.0000          I-2                    2YR                 No PP
        793            15.3500             9.3500                    1.0000          I-2                    3YR                 No PP
        794            12.8000             6.8000                    1.0000          I-1                    2YR                 2Y PP
        795            13.5000             7.5000                    1.0000          I-2                    2YR                 2Y PP
        796            13.4000             7.4000                    1.0000          I-1                    2YR                 2Y PP
        797            12.8000             6.8000                    1.0000          I-1                    2YR                 2Y PP
        798            13.4000             7.4000                    1.0000          I-2                    2YR                 2Y PP
        799            12.9000             6.9000                    1.0000          I-2                    2YR                 2Y PP
        800            13.4500             7.4500                    1.0000          I-1                    2YR                 2Y PP
        801             0.0000             0.0000                    0.0000          I-2                                        No PP
        802            16.3000            10.3000                    1.0000          I-2                    2YR                 No PP
        803            14.1000             8.1000                    1.0000          I-1                    2YR                 2Y PP
        804             0.0000             0.0000                    0.0000          I-2                                        No PP
        805             0.0000             0.0000                    0.0000          I-2                                        2Y PP
        806             0.0000             0.0000                    0.0000          I-2                                        1Y PP
        807             0.0000             0.0000                    0.0000          I-2                                        No PP
        808             0.0000             0.0000                    0.0000          I-2                                        3Y PP
        809            14.6500             8.6500                    1.0000          I-2                    2YR                 No PP
        810            16.6000            10.6000                    1.0000          I-2                    3YR                 3Y PP
        811            13.6000             7.6000                    1.0000          I-1                    2YR                 1Y PP
        812             0.0000             0.0000                    0.0000          I-2                                        No PP
        813             0.0000             0.0000                    0.0000          I-2                                        No PP
        814             0.0000             0.0000                    0.0000          I-2                                        3Y PP
        815            12.9500             6.9500                    1.0000          I-1                    2YR                 2Y PP
        816            14.3500             8.3500                    1.0000          I-2                    3YR                 No PP
        817            14.9900             8.9900                    1.0000          I-1                    2YR                 No PP
        818            14.0500             8.0500                    1.0000          I-2                    2YR                 No PP
        819            13.5000             7.5000                    1.0000          I-2                    2YR                 2Y PP
        820             0.0000             0.0000                    0.0000          I-1                                        No PP
        821            13.8000             7.8000                    1.0000          I-2                    2YR                 2Y PP
        822            14.9500             8.9500                    1.0000          I-2                    2YR                 No PP
        823            12.7000             6.7000                    1.0000          I-2                    2YR                 2Y PP
        824             0.0000             0.0000                    0.0000          I-1                                        3Y PP
        825            13.4000             7.4000                    1.0000          I-1                    2YR                 2Y PP
        826             0.0000             0.0000                    0.0000          I-2                                        3Y PP
        827             0.0000             0.0000                    0.0000          I-1                                        No PP
        828            14.6000             8.6000                    1.0000          I-2                    2YR                 No PP
        829            16.3500            10.3500                    1.0000          I-1                    3YR                 3Y PP
        830            14.9000             8.9000                    1.0000          I-2                    3YR                 No PP
        831            13.6160             7.6160                    1.0000          I-1                    2YR                 No PP
        832             0.0000             0.0000                    0.0000          I-2                                        3Y PP
        833            14.9500             8.9500                    1.0000          I-2                    2YR                 2Y PP
        834            13.5000             7.5000                    1.0000          I-1                    3YR                 No PP
        835            13.9900             7.9900                    1.0000          I-2                    3YR                 No PP
        836            14.7000             8.7000                    1.0000          I-2                    2YR                 No PP
        837             0.0000             0.0000                    0.0000          I-2                                        No PP
        838            17.1500            11.1500                    1.0000          I-2                    2YR                 2Y PP
        839            16.7000            10.7000                    1.0000          I-1                    2YR                 2Y PP
        840             0.0000             0.0000                    0.0000          I-2                                        3Y PP
        841            15.5000             9.5000                    1.0000          I-2                    2YR                 No PP
        842             0.0000             0.0000                    0.0000          I-2                                        3Y PP
        843             0.0000             0.0000                    0.0000          I-2                                        3Y PP
        844            17.0500            11.0500                    1.0000          I-2                    2YR                 2Y PP
        845            16.5500            10.5500                    1.0000          I-2                    3YR                 No PP
        846            12.6500             6.6500                    1.0000          I-1                    2YR                 2Y PP
        847            13.0000             7.0000                    1.0000          I-1                    3YR                 No PP
        848            14.5500             8.5500                    1.0000          I-2                    2YR                 1Y PP
        849            15.9500             9.9500                    1.0000          I-1                    3YR                 No PP
        850            14.9900             8.9900                    1.0000          I-2                    2YR                 2Y PP
        851            13.1500             7.1500                    1.0000          I-1                    2YR                 2Y PP
        852            13.8000             7.8000                    1.0000          I-1                    2YR                 2Y PP
        853            14.0000             8.0000                    1.0000          I-2                    2YR                 2Y PP
        854            14.4500             8.4500                    1.0000          I-2                    2YR                 2Y PP
        855            14.9000             8.9000                    1.0000          I-2                    2YR                 2Y PP
        856             0.0000             0.0000                    0.0000          I-2                                        3Y PP
        857            15.9900             9.9900                    1.0000          I-2                    2YR                 3Y PP
        858            14.5000             8.5000                    1.0000          I-2                    2YR                 No PP
        859             0.0000             0.0000                    0.0000          I-2                                        No PP
        860             0.0000             0.0000                    0.0000          I-2                                        No PP
        861            15.4000             9.4000                    1.0000          I-2                    2YR                 No PP
        862            15.0500             9.0500                    1.0000          I-2                    2YR                 3Y PP
        863            16.4000            10.4000                    1.0000          I-2                    2YR                 2Y PP
        864             0.0000             0.0000                    0.0000          I-2                                        1Y PP
        865            13.7500             7.7500                    1.0000          I-1                    2YR                 2Y PP
        866             0.0000             0.0000                    0.0000          I-2                                        No PP
        867            12.7000             6.7000                    1.0000          I-2                    3YR                 No PP
        868            14.8000             8.8000                    1.0000          I-2                    2YR                 2Y PP
        869            14.6500             8.6500                    1.0000          I-2                    3YR                 3Y PP
        870            15.8500             9.8500                    1.0000          I-2                    2YR                 2Y PP
        871             0.0000             0.0000                    0.0000          I-2                                        3Y PP
        872            15.8500             9.8500                    1.0000          I-2                    2YR                 2Y PP
        873             0.0000             0.0000                    0.0000          I-2                                        2Y PP
        874            14.2500             8.2500                    1.0000          I-1                    3YR                 No PP
        875            12.0500             6.0500                    1.0000          I-2                    3YR                 No PP
        876             0.0000             0.0000                    0.0000          I-2                                        No PP
        877            13.9500             7.9500                    1.0000          I-1                    2YR                 2Y PP
        878            15.9500             9.9500                    1.0000          I-2                    2YR                 No PP
        879             0.0000             0.0000                    0.0000          I-2                                        3Y PP
        880            13.6500             7.6500                    1.0000          I-2                    3YR                 No PP
        881            15.4620             9.4620                    1.0000          I-2                    3YR                 No PP
        882            13.2500             7.2500                    1.0000          I-1                    3YR                 3Y PP
        883            14.7500             8.7500                    1.0000          I-2                    2YR                 No PP
        884            14.1500             8.1500                    1.0000          I-2                    2YR                 2Y PP
        885            12.7500             6.7500                    1.0000          I-1                    3YR                 3Y PP
        886            13.7500             7.7500                    1.0000          I-2                    2YR                 2Y PP
        887            16.5000            10.5000                    1.0000          I-1                    2YR                 2Y PP
        888            13.3750             7.3750                    1.0000          I-1                    2YR                 1Y PP
        889            13.5000             7.5000                    1.0000          I-1                    2YR                 2Y PP
        890            13.9900             7.9900                    1.0000          I-2                    2YR                 2Y PP
        891            17.6000            11.6000                    1.0000          I-2                    3YR                 No PP
        892            13.6500             7.6500                    1.0000          I-1                    2YR                 2Y PP
        893            16.3500            10.3500                    1.0000          I-2                    2YR                 No PP
        894             0.0000             0.0000                    0.0000          I-2                                        No PP
        895            13.9900             7.9900                    1.0000          I-1                    2YR                 2Y PP
        896            14.5000             8.5000                    1.0000          I-1                    2YR                 No PP
        897             0.0000             0.0000                    0.0000          I-2                                        No PP
        898            13.2000             7.2000                    1.0000          I-1                    2YR                 2Y PP
        899            14.8000             8.8000                    1.0000          I-2                    2YR                 3Y PP
        900            14.1500             8.1500                    1.0000          I-2                    2YR                 3Y PP
        901            13.9750             7.9750                    1.0000          I-2                    3YR                 No PP
        902            13.9000             7.9000                    1.0000          I-1                    2YR                 2Y PP
        903            13.7500             7.7500                    1.0000          I-2                    3YR                 3Y PP
        904            15.3700             9.3700                    1.0000          I-2                    3YR                 3Y PP
        905            14.6500             8.6500                    1.0000          I-2                    2YR                 No PP
        906            13.8500             7.8500                    1.0000          I-2                    2YR                 2Y PP
        907            15.8000             9.8000                    1.0000          I-2                    3YR                 No PP
        908            14.7000             8.7000                    1.0000          I-2                    3YR                 3Y PP
        909            14.7250             8.7250                    1.0000          I-1                    3YR                 No PP
        910            12.9500             6.9500                    1.0000          I-1                    2YR                 2Y PP
        911            13.1500             7.1500                    1.0000          I-2                    2YR                 2Y PP
        912             0.0000             0.0000                    0.0000          I-1                                        3Y PP
        913            13.6500             7.6500                    1.0000          I-2                    2YR                 2Y PP
        914            16.5000            10.5000                    1.0000          I-2                    2YR                 No PP
        915            14.7000             8.7000                    1.0000          I-1                    2YR                 No PP
        916             0.0000             0.0000                    0.0000          I-2                                        1Y PP
        917             0.0000             0.0000                    0.0000          I-2                                        3Y PP
        918             0.0000             0.0000                    0.0000          I-2                                        No PP
        919            16.1000            10.1000                    1.0000          I-2                    2YR                2.5Y PP
        920            13.9500             7.9500                    1.0000          I-2                    2YR                 3Y PP
        921             0.0000             0.0000                    0.0000          I-2                                        3Y PP
        922            13.9500             7.9500                    1.0000          I-1                    2YR                 2Y PP
        923             0.0000             0.0000                    0.0000          I-2                                        3Y PP
        924             0.0000             0.0000                    0.0000          I-2                                        3Y PP
        925            15.4250             9.4250                    1.0000          I-2                    2YR                 2Y PP
        926            13.9900             7.9900                    1.0000          I-1                    2YR                 No PP
        927            15.3500             9.3500                    1.0000          I-2                    3YR                 3Y PP
        928            15.8000             9.8000                    1.0000          I-2                    2YR                 No PP
        929            14.8500             8.8500                    1.0000          I-2                    3YR                 3Y PP
        930            13.9500             7.9500                    1.0000          I-1                    2YR                 No PP
        931            16.8130            10.8130                    1.0000          I-2                    3YR                 No PP
        932            13.9900             7.9900                    1.0000          I-1                    3YR                 No PP
        933            12.9000             6.9000                    1.0000          I-2                    2YR                 2Y PP
        934            13.9750             7.9750                    1.0000          I-1                    3YR                 No PP
        935            15.0000             9.0000                    1.0000          I-2                    2YR                 No PP
        936            16.4000            10.4000                    1.0000          I-1                    2YR                 No PP
        937            14.4000             8.4000                    1.0000          I-1                    2YR                 2Y PP
        938            13.3500             7.3500                    1.0000          I-1                    2YR                 2Y PP
        939             0.0000             0.0000                    0.0000          I-2                                        3Y PP
        940             0.0000             0.0000                    0.0000          I-2                                        3Y PP
        941             0.0000             0.0000                    0.0000          I-2                                        3Y PP
        942            15.3500             9.3500                    1.0000          I-1                    2YR                 No PP
        943             0.0000             0.0000                    0.0000          I-2                                        3Y PP
        944            13.7500             7.7500                    1.0000          I-1                    2YR                 2Y PP
        945            13.6500             7.6500                    1.0000          I-1                    2YR                 2Y PP
        946            13.6000             7.6000                    1.0000          I-1                    2YR                 2Y PP
        947            17.5000            11.5000                    1.0000          I-2                    2YR                 2Y PP
        948            14.9900             8.9900                    1.0000          I-1                    2YR                 No PP
        949             0.0000             0.0000                    0.0000          I-2                                        3Y PP
        950            15.9900             9.9900                    1.0000          I-1                    2YR                 2Y PP
        951             0.0000             0.0000                    0.0000          I-2                                        No PP
        952            14.0500             8.0500                    1.0000          I-2                    2YR                 No PP
        953            15.4000             9.4000                    1.0000          I-1                    2YR                 No PP
        954            14.3500             8.3500                    1.0000          I-1                    2YR                 2Y PP
        955            13.8370             7.8370                    1.0000          I-2                    2YR                 No PP
        956             0.0000             0.0000                    0.0000          I-2                                        No PP
        957            15.5500             9.5500                    1.0000          I-2                    3YR                 No PP
        958             0.0000             0.0000                    0.0000          I-2                                        3Y PP
        959            16.6000            10.6000                    1.0000          I-2                    2YR                 2Y PP
        960             0.0000             0.0000                    0.0000          I-2                                        1Y PP
        961             0.0000             0.0000                    0.0000          I-2                                        3Y PP
        962            16.1200            10.1200                    1.0000          I-2                    2YR                 No PP
        963            15.5000             9.5000                    1.0000          I-2                    2YR                 No PP
        964            14.0500             8.0500                    1.0000          I-2                    3YR                 No PP
        965            17.7000            11.7000                    1.0000          I-1                    2YR                 2Y PP
        966            16.3500            10.3500                    1.0000          I-1                    2YR                 No PP
        967            14.6500             8.6500                    1.0000          I-1                    2YR                 No PP
        968            13.2000             7.2000                    1.0000          I-2                    3YR                 3Y PP
        969            15.9500             9.9500                    1.0000          I-2                    2YR                 No PP
        970            14.6500             8.6500                    1.0000          I-1                    2YR                 2Y PP
        971            14.0500             8.0500                    1.0000          I-1                    2YR                 1Y PP
        972             0.0000             0.0000                    0.0000          I-2                                        3Y PP
        973            13.9500             7.9500                    1.0000          I-1                    2YR                 No PP
        974             0.0000             0.0000                    0.0000          I-2                                        3Y PP
        975            17.1500            11.1500                    1.0000          I-2                    2YR                 No PP
        976            15.9900             9.9900                    1.0000          I-2                    2YR                 2Y PP
        977            13.7500             7.7500                    1.0000          I-1                    3YR                 No PP
        978            14.2500             8.2500                    1.0000          I-2                    2YR                 No PP
        979            13.1000             7.1000                    1.0000          I-2                    2YR                 2Y PP
        980             0.0000             0.0000                    0.0000          I-2                                        3Y PP
        981            14.0000             8.0000                    1.0000          I-2                    3YR                 3Y PP
        982            14.8000             8.8000                    1.0000          I-2                    3YR                 No PP
        983             0.0000             0.0000                    0.0000          I-2                                        No PP
        984             0.0000             0.0000                    0.0000          I-2                                        3Y PP
        985            15.3000             9.3000                    1.0000          I-1                    3YR                 No PP
        986            14.0500             8.0500                    1.0000          I-1                    3YR                 No PP
        987            14.2750             8.2750                    1.0000          I-2                    3YR                 No PP
        988            15.5600             9.5600                    1.0000          I-2                    2YR                 2Y PP
        989             0.0000             0.0000                    0.0000          I-2                                        3Y PP
        990            15.8500             9.8500                    1.0000          I-2                    2YR                 2Y PP
        991            13.8750             7.8750                    1.0000          I-2                    2YR                 No PP
        992             0.0000             0.0000                    0.0000          I-2                                        3Y PP
        993             0.0000             0.0000                    0.0000          I-2                                        1Y PP
        994            13.8500             7.8500                    1.0000          I-1                    2YR                 3Y PP
        995            14.6500             8.6500                    1.0000          I-2                    2YR                 No PP
        996            13.6000             7.6000                    1.0000          I-2                    3YR                 3Y PP
        997             0.0000             0.0000                    0.0000          I-2                                        3Y PP
        998            16.4000            10.4000                    1.0000          I-1                    2YR                 2Y PP
        999             0.0000             0.0000                    0.0000          I-2                                        3Y PP
       1000            13.1000             7.1000                    1.0000          I-1                    2YR                 2Y PP
       1001             0.0000             0.0000                    0.0000          I-2                                        No PP
       1002            14.5000             8.5000                    1.0000          I-2                    3YR                 3Y PP
       1003            14.4500             8.4500                    1.0000          I-1                    2YR                 2Y PP
       1004            13.5000             7.5000                    1.0000          I-2                    3YR                 3Y PP
       1005            13.2000             7.2000                    1.0000          I-2                    2YR                 No PP
       1006            13.4800             7.4800                    1.0000          I-1                    3YR                 3Y PP
       1007            14.1000             8.1000                    1.0000          I-2                    2YR                 2Y PP
       1008            13.9000             7.9000                    1.0000          I-2                    2YR                 2Y PP
       1009            15.8000             9.8000                    1.0000          I-2                    2YR                 2Y PP
       1010             0.0000             0.0000                    0.0000          I-2                                        No PP
       1011            15.3500             9.3500                    1.0000          I-2                    2YR                 2Y PP
       1012             0.0000             0.0000                    0.0000          I-2                                        No PP
       1013            13.8250             7.8250                    1.0000          I-2                    3YR                 No PP
       1014            14.8000             8.8000                    1.0000          I-1                    2YR                 No PP
       1015            15.8500             9.8500                    1.0000          I-2                    3YR                 No PP
       1016            13.3000             7.3000                    1.0000          I-1                    2YR                 2Y PP
       1017             0.0000             0.0000                    0.0000          I-2                                        No PP
       1018            13.0000             7.0000                    1.0000          I-2                    2YR                 2Y PP
       1019             0.0000             0.0000                    0.0000          I-2                                        1Y PP
       1020            14.2500             8.2500                    1.0000          I-2                    3YR                 No PP
       1021            12.6500             6.6500                    1.0000          I-2                    3YR                 3Y PP
       1022            14.0750             8.0750                    1.0000          I-2                    3YR                 No PP
       1023            15.2500             9.2500                    1.0000          I-1                    2YR                 2Y PP
       1024            14.7500             8.7500                    1.0000          I-2                    3YR                 No PP
       1025            12.7500             6.7500                    1.0000          I-1                    2YR                 2Y PP
       1026            15.4880             9.4880                    1.0000          I-2                    2YR                 2Y PP
       1027            14.0500             8.0500                    1.0000          I-2                    2YR                 2Y PP
       1028            14.6500             8.6500                    1.0000          I-1                    2YR                 2Y PP
       1029             0.0000             0.0000                    0.0000          I-2                                        No PP
       1030            14.5500             8.5500                    1.0000          I-2                    3YR                 3Y PP
       1031             0.0000             0.0000                    0.0000          I-2                                        1Y PP
       1032            13.9500             7.9500                    1.0000          I-2                    2YR                 2Y PP
       1033            15.2500             9.2500                    1.0000          I-2                    2YR                 2Y PP
       1034            15.2500             9.2500                    1.0000          I-2                    2YR                 2Y PP
       1035             0.0000             0.0000                    0.0000          I-1                                        No PP
       1036            13.2500             7.2500                    1.0000          I-1                    3YR                 3Y PP
       1037            15.3750             9.3750                    1.0000          I-1                    2YR                 No PP
       1038             0.0000             0.0000                    0.0000          I-2                                        3Y PP
       1039            14.2500             8.2500                    1.0000          I-2                    3YR                 3Y PP
       1040            17.6500            11.6500                    1.0000          I-2                    2YR                 No PP
       1041             0.0000             0.0000                    0.0000          I-2                                        1Y PP
       1042            14.7500             8.7500                    1.0000          I-1                    2YR                 2Y PP
       1043            13.6500             7.6500                    1.0000          I-2                    3YR                 3Y PP
       1044            13.5000             7.5000                    1.0000          I-1                    2YR                 2Y PP
       1045            14.2750             8.2750                    1.0000          I-1                    3YR                 3Y PP
       1046             0.0000             0.0000                    0.0000          I-1                                        No PP
       1047             0.0000             0.0000                    0.0000          I-2                                        No PP
       1048            17.0500            11.0500                    1.0000          I-2                    3YR                 No PP
       1049            14.2500             8.2500                    1.0000          I-1                    2YR                 2Y PP
       1050             0.0000             0.0000                    0.0000          I-2                                        3Y PP
       1051            15.5500             9.5500                    1.0000          I-2                    2YR                 No PP
       1052            12.4500             6.4500                    1.0000          I-1                    2YR                 2Y PP
       1053             0.0000             0.0000                    0.0000          I-2                                        3Y PP
       1054            15.1500             9.1500                    1.0000          I-2                    3YR                 3Y PP
       1055            16.9000            10.9000                    1.0000          I-1                    3YR                 No PP
       1056            15.3000             9.3000                    1.0000          I-2                    2YR                 2Y PP
       1057            15.8000             9.8000                    1.0000          I-2                    2YR                 2Y PP
       1058            13.9900             7.9900                    1.0000          I-2                    2YR                 2Y PP
       1059            14.8500             8.8500                    1.0000          I-1                    2YR                 1Y PP
       1060            14.9000             8.9000                    1.0000          I-1                    2YR                 No PP
       1061            14.0000             8.0000                    1.0000          I-2                    2YR                 2Y PP
       1062            13.6500             7.6500                    1.0000          I-2                    3YR                 3Y PP
       1063            12.4000             6.4000                    1.0000          I-2                    2YR                 2Y PP
       1064            15.0500             9.0500                    1.0000          I-2                    2YR                 No PP
       1065            14.6500             8.6500                    1.0000          I-2                    2YR                 2Y PP
       1066             0.0000             0.0000                    0.0000          I-2                                        3Y PP
       1067            16.9000            10.9000                    1.0000          I-1                    2YR                 No PP
       1068            13.5000             7.5000                    1.0000          I-2                    2YR                 No PP
       1069            13.0250             7.0250                    1.0000          I-2                    2YR                 2Y PP
       1070            16.4000            10.4000                    1.0000          I-2                    2YR                 2Y PP
       1071            14.1500             8.1500                    1.0000          I-1                    3YR                 3Y PP
       1072             0.0000             0.0000                    0.0000          I-2                                        3Y PP
       1073            15.5500             9.5500                    1.0000          I-1                    2YR                 2Y PP
       1074             0.0000             0.0000                    0.0000          I-1                                        3Y PP
       1075            13.0000             7.0000                    1.0000          I-2                    3YR                 No PP
       1076            13.4000             7.4000                    1.0000          I-1                    3YR                 3Y PP
       1077            16.0500            10.0500                    1.0000          I-2                    3YR                 No PP
       1078            18.5500            12.5500                    1.0000          I-2                    2YR                 2Y PP
       1079            14.3000             8.3000                    1.0000          I-1                    2YR                 1Y PP
       1080            14.3500             8.3500                    1.0000          I-2                    3YR                 No PP
       1081            15.7500             9.7500                    1.0000          I-2                    2YR                 No PP
       1082            13.6000             7.6000                    1.0000          I-2                    2YR                 No PP
       1083            12.9000             6.9000                    1.0000          I-2                    2YR                 2Y PP
       1084            16.6000            10.6000                    1.0000          I-2                    3YR                 No PP
       1085            13.0500             7.0500                    1.0000          I-2                    2YR                 No PP
       1086            14.2000             8.2000                    1.0000          I-1                    2YR                 2Y PP
       1087            14.1500             8.1500                    1.0000          I-2                    2YR                 2Y PP
       1088            15.0000             9.0000                    1.0000          I-1                    2YR                 2Y PP
       1089            14.8000             8.8000                    1.0000          I-2                    2YR                 2Y PP
       1090            13.3000             7.3000                    1.0000          I-2                    3YR                 3Y PP
       1091             0.0000             0.0000                    0.0000          I-2                                        3Y PP
       1092            15.4000             9.4000                    1.0000          I-1                    2YR                 2Y PP
       1093             0.0000             0.0000                    0.0000          I-2                                        1Y PP
       1094             0.0000             0.0000                    0.0000          I-1                                        3Y PP
       1095            14.4000             8.4000                    1.0000          I-2                    2YR                 2Y PP
       1096            15.1000             9.1000                    1.0000          I-2                    2YR                 2Y PP
       1097            12.7500             6.7500                    1.0000          I-1                    3YR                 3Y PP
       1098            14.4500             8.4500                    1.0000          I-2                    2YR                 3Y PP
       1099            14.9900             8.9900                    1.0000          I-2                    2YR                 No PP
       1100            14.1000             8.1000                    1.0000          I-1                    3YR                 3Y PP
       1101            15.8500             9.8500                    1.0000          I-2                    2YR                 2Y PP
       1102            13.1500             7.1500                    1.0000          I-1                    2YR                 2Y PP
       1103            16.2750            10.2750                    1.0000          I-1                    2YR                 No PP
       1104            14.6250             8.6250                    1.0000          I-1                    2YR                 No PP
       1105             0.0000             0.0000                    0.0000          I-1                                        No PP
       1106             0.0000             0.0000                    0.0000          I-2                                        No PP
       1107            15.2000             9.2000                    1.0000          I-1                    2YR                 2Y PP
       1108            13.5500             7.5500                    1.0000          I-2                    3YR                 No PP
       1109             0.0000             0.0000                    0.0000          I-2                                        1Y PP
       1110            13.1000             7.1000                    1.0000          I-1                    3YR                 3Y PP
       1111            16.2000            10.2000                    1.0000          I-2                    3YR                 No PP
       1112            12.8500             6.8500                    1.0000          I-1                    2YR                 2Y PP
       1113            15.9000             9.9000                    1.0000          I-2                    2YR                 2Y PP
       1114            16.5000            10.5000                    1.0000          I-1                    2YR                 No PP
       1115            13.9500             7.9500                    1.0000          I-2                    3YR                 3Y PP
       1116             0.0000             0.0000                    0.0000          I-2                                        No PP
       1117            13.2250             7.2250                    1.0000          I-2                    2YR                 2Y PP
       1118            13.4000             7.4000                    1.0000          I-1                    2YR                 2Y PP
       1119            16.4000            10.4000                    1.0000          I-2                    3YR                 No PP
       1120            13.7000             7.7000                    1.0000          I-1                    2YR                 2Y PP
       1121            13.4500             7.4500                    1.0000          I-1                    2YR                 2Y PP
       1122            15.3000             9.3000                    1.0000          I-2                    2YR                 1Y PP
       1123             0.0000             0.0000                    0.0000          I-2                                        3Y PP
       1124            13.6000             7.6000                    1.0000          I-1                    2YR                 2Y PP
       1125            16.2500            10.2500                    1.0000          I-2                    2YR                 No PP
       1126            15.2000             9.2000                    1.0000          I-2                    2YR                 1Y PP
       1127             0.0000             0.0000                    0.0000          I-2                                        3Y PP
       1128            13.2000             7.2000                    1.0000          I-2                    2YR                 No PP
       1129            13.7500             7.7500                    1.0000          I-2                    2YR                 3Y PP
       1130            16.3500            10.3500                    1.0000          I-2                    3YR                 No PP
       1131            16.3500            10.3500                    1.0000          I-1                    3YR                 No PP
       1132            15.2500             9.2500                    1.0000          I-2                    3YR                 No PP
       1133            16.2500            10.2500                    1.0000          I-2                    3YR                 No PP
       1134             0.0000             0.0000                    0.0000          I-2                                        No PP
       1135             0.0000             0.0000                    0.0000          I-2                                        No PP
       1136            14.2000             8.2000                    1.0000          I-2                    2YR                 2Y PP
       1137             0.0000             0.0000                    0.0000          I-2                                        2Y PP
       1138            13.4500             7.4500                    1.0000          I-1                    3YR                 3Y PP
       1139             0.0000             0.0000                    0.0000          I-2                                        1Y PP
       1140            15.3000             9.3000                    1.0000          I-2                    2YR                 No PP
       1141            16.6000            10.6000                    1.0000          I-2                    2YR                 No PP
       1142             0.0000             0.0000                    0.0000          I-1                                        3Y PP
       1143            13.9900             7.9900                    1.0000          I-2                    2YR                 2Y PP
       1144             0.0000             0.0000                    0.0000          I-2                                        1Y PP
       1145            14.8500             8.8500                    1.0000          I-1                    2YR                 2Y PP
       1146            14.6000             8.6000                    1.0000          I-1                    2YR                 2Y PP
       1147             0.0000             0.0000                    0.0000          I-2                                        3Y PP
       1148            17.2000            11.2000                    1.0000          I-2                    2YR                 2Y PP
       1149            15.8000             9.8000                    1.0000          I-2                    3YR                 No PP
       1150            12.9900             6.9900                    1.0000          I-2                    2YR                 No PP
       1151            14.5000             8.5000                    1.0000          I-2                    2YR                 No PP
       1152            13.2000             7.2000                    1.0000          I-1                    3YR                 3Y PP
       1153             0.0000             0.0000                    0.0000          I-2                                        3Y PP
       1154             0.0000             0.0000                    0.0000          I-1                                        3Y PP
       1155            13.9900             7.9900                    1.0000          I-2                    2YR                 2Y PP
       1156            13.1000             7.1000                    1.0000          I-1                    2YR                 2Y PP
       1157             0.0000             0.0000                    0.0000          I-2                                        3Y PP
       1158             0.0000             0.0000                    0.0000          I-1                                        No PP
       1159            14.5000             8.5000                    1.0000          I-2                    3YR                 3Y PP
       1160            13.7500             7.7500                    1.0000          I-2                    2YR                 3Y PP
       1161             0.0000             0.0000                    0.0000          I-2                                        2Y PP
       1162            13.5500             7.5500                    1.0000          I-2                    3YR                 3Y PP
       1163             0.0000             0.0000                    0.0000          I-2                                        No PP
       1164            13.5000             7.5000                    1.0000          I-2                    2YR                 No PP
       1165            14.5000             8.5000                    1.0000          I-1                    2YR                 2Y PP
       1166            15.2000             9.2000                    1.0000          I-2                    3YR                 3Y PP
       1167            15.9500             9.9500                    1.0000          I-2                    2YR                 2Y PP
       1168            13.1500             7.1500                    1.0000          I-1                    2YR                 2Y PP
       1169            13.0500             7.0500                    1.0000          I-2                    2YR                 1Y PP
       1170            13.9750             7.9750                    1.0000          I-1                    2YR                 2Y PP
       1171             0.0000             0.0000                    0.0000          I-2                                        3Y PP
       1172            15.3500             9.3500                    1.0000          I-2                    2YR                 No PP
       1173            15.3000             9.3000                    1.0000          I-1                    2YR                 2Y PP
       1174            15.8750             9.8750                    1.0000          I-2                    3YR                 3Y PP
       1175            13.7500             7.7500                    1.0000          I-1                    2YR                 1Y PP
       1176             0.0000             0.0000                    0.0000          I-2                                        3Y PP
       1177            14.4500             8.4500                    1.0000          I-2                    2YR                 2Y PP
       1178             0.0000             0.0000                    0.0000          I-2                                        No PP
       1179            14.7500             8.7500                    1.0000          I-1                    2YR                 1Y PP
       1180            17.0500            11.0500                    1.0000          I-1                    3YR                 2Y PP
       1181            17.4250            11.4250                    1.0000          I-2                    3YR                 No PP
       1182            16.4000            10.4000                    1.0000          I-2                    2YR                 2Y PP
       1183             0.0000             0.0000                    0.0000          I-2                                        1Y PP
       1184            13.9500             7.9500                    1.0000          I-2                    3YR                 No PP
       1185            13.5000             7.5000                    1.0000          I-2                    3YR                 No PP
       1186            13.4500             7.4500                    1.0000          I-2                    2YR                 1Y PP
       1187            17.0000            11.0000                    1.0000          I-2                    3YR                 3Y PP
       1188            13.5000             7.5000                    1.0000          I-1                    3YR                 3Y PP
       1189            13.5000             7.5000                    1.0000          I-2                    2YR                 2Y PP
       1190             0.0000             0.0000                    0.0000          I-1                                        3Y PP
       1191            15.3500             9.3500                    1.0000          I-2                    3YR                 3Y PP
       1192            12.9000             6.9000                    1.0000          I-2                    2YR                 2Y PP
       1193             0.0000             0.0000                    0.0000          I-2                                        3Y PP
       1194            13.6380             7.6380                    1.0000          I-2                    2YR                 2Y PP
       1195            13.5000             7.5000                    1.0000          I-2                    3YR                 No PP
       1196            14.0500             8.0500                    1.0000          I-1                    2YR                 2Y PP
       1197            13.0000             7.0000                    1.0000          I-1                    2YR                 1Y PP
       1198             0.0000             0.0000                    0.0000          I-2                                        3Y PP
       1199            13.0000             7.0000                    1.0000          I-2                    3YR                 No PP
       1200            13.5000             7.5000                    1.0000          I-2                    2YR                 2Y PP
       1201            13.8500             7.8500                    1.0000          I-1                    2YR                 No PP
       1202            14.1500             8.1500                    1.0000          I-2                    3YR                 No PP
       1203            16.6000            10.6000                    1.0000          I-2                    3YR                 No PP
       1204             0.0000             0.0000                    0.0000          I-1                                        1Y PP
       1205            15.7500             9.7500                    1.0000          I-2                    2YR                 2Y PP
       1206            15.0000             9.0000                    1.0000          I-2                    2YR                 No PP
       1207            17.0500            11.0500                    1.0000          I-2                    2YR                 No PP
       1208            12.9900             6.9900                    1.0000          I-2                    3YR                 3Y PP
       1209            16.1000            10.1000                    1.0000          I-2                    3YR                 3Y PP
       1210            15.9500             9.9500                    1.0000          I-2                    2YR                 2Y PP
       1211             0.0000             0.0000                    0.0000          I-1                                        No PP
       1212            13.5000             7.5000                    1.0000          I-2                    2YR                 2Y PP
       1213            13.5500             7.5500                    1.0000          I-1                    2YR                 2Y PP
       1214            14.4000             8.4000                    1.0000          I-1                    2YR                 No PP
       1215            15.2500             9.2500                    1.0000          I-1                    2YR                 2Y PP
       1216            13.6500             7.6500                    1.0000          I-2                    2YR                 1Y PP
       1217            12.5000             6.5000                    1.0000          I-2                    2YR                 2Y PP
       1218            15.6500             9.6500                    1.0000          I-2                    2YR                 2Y PP
       1219            13.8000             7.8000                    1.0000          I-1                    2YR                 2Y PP
       1220            16.7500            10.7500                    1.0000          I-2                    2YR                 No PP
       1221            13.6500             7.6500                    1.0000          I-2                    3YR                 3Y PP
       1222            14.3500             8.3500                    1.0000          I-2                    2YR                 No PP
       1223             0.0000             0.0000                    0.0000          I-2                                        No PP
       1224             0.0000             0.0000                    0.0000          I-2                                        3Y PP
       1225            14.7500             8.7500                    1.0000          I-1                    2YR                 2Y PP
       1226            16.3500            10.3500                    1.0000          I-2                    2YR                 2Y PP
       1227            14.3500             8.3500                    1.0000          I-1                    2YR                 2Y PP
       1228             0.0000             0.0000                    0.0000          I-2                                        3Y PP
       1229             0.0000             0.0000                    0.0000          I-1                                        3Y PP
       1230            13.9000             7.9000                    1.0000          I-1                    2YR                 2Y PP
       1231            13.6000             7.6000                    1.0000          I-1                    2YR                 2Y PP
       1232             0.0000             0.0000                    0.0000          I-2                                        3Y PP
       1233            13.0500             7.0500                    1.0000          I-2                    2YR                 2Y PP
       1234             0.0000             0.0000                    0.0000          I-1                                        3Y PP
       1235            14.4500             8.4500                    1.0000          I-2                    2YR                 2Y PP
       1236             0.0000             0.0000                    0.0000          I-1                                        3Y PP
       1237            14.8500             8.8500                    1.0000          I-1                    2YR                 2Y PP
       1238            12.7500             6.7500                    1.0000          I-1                    2YR                 2Y PP
       1239            13.5500             7.5500                    1.0000          I-1                    2YR                 1Y PP
       1240            14.6000             8.6000                    1.0000          I-1                    2YR                 2Y PP
       1241            14.2500             8.2500                    1.0000          I-1                    2YR                 2Y PP
       1242            16.4000            10.4000                    1.0000          I-2                    2YR                 2Y PP
       1243            14.1000             8.1000                    1.0000          I-2                    2YR                 2Y PP
       1244            16.8000            10.8000                    1.0000          I-2                    2YR                 No PP
       1245             0.0000             0.0000                    0.0000          I-2                                        3Y PP
       1246            13.6000             7.6000                    1.0000          I-2                    3YR                 3Y PP
       1247            15.5000             9.5000                    1.0000          I-1                    2YR                 2Y PP
       1248             0.0000             0.0000                    0.0000          I-1                                        3Y PP
       1249             0.0000             0.0000                    0.0000          I-2                                        3Y PP
       1250             0.0000             0.0000                    0.0000          I-2                                        3Y PP
       1251             0.0000             0.0000                    0.0000          I-1                                        3Y PP
       1252             0.0000             0.0000                    0.0000          I-1                                        No PP
       1253            13.9900             7.9900                    1.0000          I-1                    2YR                 2Y PP
       1254            14.9000             8.9000                    1.0000          I-2                    2YR                 No PP
       1255             0.0000             0.0000                    0.0000          I-2                                        3Y PP
       1256            16.6500            10.6500                    1.0000          I-2                    2YR                 No PP
       1257            13.6000             7.6000                    1.0000          I-2                    2YR                 2Y PP
       1258            14.3000             8.3000                    1.0000          I-2                    3YR                 No PP
       1259            14.9500             8.9500                    1.0000          I-2                    3YR                 No PP
       1260            13.9000             7.9000                    1.0000          I-2                    2YR                 2Y PP
       1261            15.9000             9.9000                    1.0000          I-2                    3YR                 3Y PP
       1262            13.2500             7.2500                    1.0000          I-2                    3YR                 3Y PP
       1263            13.9250             7.9250                    1.0000          I-2                    3YR                 No PP
       1264             0.0000             0.0000                    0.0000          I-2                                        3Y PP
       1265             0.0000             0.0000                    0.0000          I-2                                        2Y PP
       1266             0.0000             0.0000                    0.0000          I-2                                        1Y PP
       1267             0.0000             0.0000                    0.0000          I-1                                        3Y PP
       1268            13.5000             7.5000                    1.0000          I-1                    2YR                 2Y PP
       1269            13.3500             7.3500                    1.0000          I-1                    2YR                 2Y PP
       1270            16.4500            10.4500                    1.0000          I-2                    2YR                 No PP
       1271            14.4000             8.4000                    1.0000          I-2                    3YR                 No PP
       1272            13.7000             7.7000                    1.0000          I-2                    2YR                 No PP
       1273            13.8750             7.8750                    1.0000          I-2                    3YR                 No PP
       1274            15.4000             9.4000                    1.0000          I-2                    3YR                 3Y PP
       1275             0.0000             0.0000                    0.0000          I-1                                        3Y PP
       1276            16.9000            10.9000                    1.0000          I-1                    2YR                 No PP
       1277            14.1000             8.1000                    1.0000          I-2                    2YR                 2Y PP
       1278             0.0000             0.0000                    0.0000          I-2                                        3Y PP
       1279             0.0000             0.0000                    0.0000          I-2                                        3Y PP
       1280            17.0500            11.0500                    1.0000          I-1                    2YR                 No PP
       1281             0.0000             0.0000                    0.0000          I-2                                        No PP
       1282            15.2000             9.2000                    1.0000          I-2                    3YR                 No PP
       1283            14.3000             8.3000                    1.0000          I-2                    2YR                 2Y PP
       1284            12.2000             6.2000                    1.0000          I-1                    2YR                 2Y PP
       1285             0.0000             0.0000                    0.0000          I-2                                        2Y PP
       1286            13.6500             7.6500                    1.0000          I-1                    2YR                 2Y PP
       1287            14.0000             8.0000                    1.0000          I-2                    3YR                 3Y PP
       1288            13.6500             7.6500                    1.0000          I-2                    2YR                 No PP
       1289            12.7500             6.7500                    1.0000          I-1                    2YR                 2Y PP
       1290             0.0000             0.0000                    0.0000          I-2                                        3Y PP
       1291            17.8500            11.8500                    1.0000          I-1                    2YR                 2Y PP
       1292            15.4500             9.4500                    1.0000          I-2                    2YR                 2Y PP
       1293            13.6000             7.6000                    1.0000          I-2                    2YR                 2Y PP
       1294            13.8500             7.8500                    1.0000          I-1                    2YR                 2Y PP
       1295             0.0000             0.0000                    0.0000          I-1                                        3Y PP
       1296            15.2000             9.2000                    1.0000          I-2                    2YR                 No PP
       1297            16.4000            10.4000                    1.0000          I-2                    2YR                 2Y PP
       1298             0.0000             0.0000                    0.0000          I-2                                        No PP
       1299            15.3000             9.3000                    1.0000          I-2                    3YR                 No PP
       1300            13.8000             7.8000                    1.0000          I-2                    3YR                 No PP
       1301            13.5000             7.5000                    1.0000          I-2                    3YR                 No PP
       1302            15.5000             9.5000                    1.0000          I-2                    3YR                 No PP
       1303            13.3500             7.3500                    1.0000          I-2                    2YR                 2Y PP
       1304            15.3750             9.3750                    1.0000          I-2                    2YR                 No PP
       1305            15.4000             9.4000                    1.0000          I-1                    2YR                 2Y PP
       1306            13.9900             7.9900                    1.0000          I-2                    3YR                 No PP
       1307             0.0000             0.0000                    0.0000          I-2                                        3Y PP
       1308             0.0000             0.0000                    0.0000          I-1                                        No PP
       1309             0.0000             0.0000                    0.0000          I-2                                        3Y PP
       1310            15.6000             9.6000                    1.0000          I-2                    2YR                 2Y PP
       1311             0.0000             0.0000                    0.0000          I-2                                        3Y PP
       1312            13.7500             7.7500                    1.0000          I-1                    2YR                 2Y PP
       1313             0.0000             0.0000                    0.0000          I-2                                        1Y PP
       1314            13.9250             7.9250                    1.0000          I-2                    2YR                 2Y PP
       1315            14.1500             8.1500                    1.0000          I-1                    2YR                 2Y PP
       1316            14.1000             8.1000                    1.0000          I-1                    2YR                 2Y PP
       1317            17.5500            11.5500                    1.0000          I-1                    2YR                 No PP
       1318            13.0000             7.0000                    1.0000          I-2                    2YR                 No PP
       1319            15.2500             9.2500                    1.0000          I-2                    3YR                 No PP
       1320            13.9000             7.9000                    1.0000          I-2                    3YR                 No PP
       1321             0.0000             0.0000                    0.0000          I-2                                        3Y PP
       1322            14.4000             8.4000                    1.0000          I-1                    2YR                 No PP
       1323            14.8500             8.8500                    1.0000          I-2                    2YR                 2Y PP
       1324            16.7500            10.7500                    1.0000          I-2                    3YR                 3Y PP
       1325            15.5000             9.5000                    1.0000          I-2                    2YR                 2Y PP
       1326            14.4000             8.4000                    1.0000          I-1                    2YR                 No PP
       1327            14.1000             8.1000                    1.0000          I-2                    3YR                 3Y PP
       1328            18.0000            12.0000                    1.0000          I-2                    2YR                 No PP
       1329             0.0000             0.0000                    0.0000          I-2                                        3Y PP
       1330             0.0000             0.0000                    0.0000          I-1                                        No PP
       1331             0.0000             0.0000                    0.0000          I-1                                        No PP
       1332            12.7500             6.7500                    1.0000          I-1                    2YR                 2Y PP
       1333             0.0000             0.0000                    0.0000          I-1                                        3Y PP
       1334            13.4000             7.4000                    1.0000          I-1                    3YR                 No PP
       1335            15.5000             9.5000                    1.0000          I-1                    2YR                 No PP
       1336            15.5000             9.5000                    1.0000          I-1                    3YR                 No PP
       1337            14.1000             8.1000                    1.0000          I-2                    2YR                 1Y PP
       1338            13.8000             7.8000                    1.0000          I-1                    2YR                 2Y PP
       1339             0.0000             0.0000                    0.0000          I-2                                        No PP
       1340             0.0000             0.0000                    0.0000          I-2                                        3Y PP
       1341            16.0000            10.0000                    1.0000          I-2                    3YR                 No PP
       1342             0.0000             0.0000                    0.0000          I-2                                        3Y PP
       1343            13.6500             7.6500                    1.0000          I-1                    2YR                 2Y PP
       1344            15.0000             9.0000                    1.0000          I-2                    2YR                 No PP
       1345             0.0000             0.0000                    0.0000          I-2                                        3Y PP
       1346            12.9900             6.9900                    1.0000          I-2                    2YR                 2Y PP
       1347             0.0000             0.0000                    0.0000          I-2                                        3Y PP
       1348             0.0000             0.0000                    0.0000          I-2                                        3Y PP
       1349            14.2500             8.2500                    1.0000          I-1                    2YR                 2Y PP
       1350            14.9900             8.9900                    1.0000          I-2                    2YR                 2Y PP
       1351            14.2500             8.2500                    1.0000          I-2                    2YR                 2Y PP
       1352            13.0000             7.0000                    1.0000          I-1                    2YR                 2Y PP
       1353             0.0000             0.0000                    0.0000          I-2                                        3Y PP
       1354             0.0000             0.0000                    0.0000          I-2                                        3Y PP
       1355             0.0000             0.0000                    0.0000          I-2                                        3Y PP
       1356             0.0000             0.0000                    0.0000          I-2                                        3Y PP
       1357            13.9000             7.9000                    1.0000          I-2                    3YR                 3Y PP
       1358            14.8000             8.8000                    1.0000          I-2                    3YR                 No PP
       1359            15.0000             9.0000                    1.0000          I-2                    2YR                 2Y PP
       1360            15.4000             9.4000                    1.0000          I-2                    3YR                 No PP
       1361             0.0000             0.0000                    0.0000          I-2                                        3Y PP
       1362            14.0000             8.0000                    1.0000          I-1                    2YR                 2Y PP
       1363            13.1500             7.1500                    1.0000          I-1                    2YR                 1Y PP
       1364             0.0000             0.0000                    0.0000          I-2                                        3Y PP
       1365            13.1000             7.1000                    1.0000          I-2                    3YR                 3Y PP
       1366             0.0000             0.0000                    0.0000          I-2                                        1Y PP
       1367            12.9900             6.9900                    1.0000          I-1                    2YR                 No PP
       1368             0.0000             0.0000                    0.0000          I-2                                        No PP
       1369            14.5000             8.5000                    1.0000          I-2                    3YR                 No PP
       1370             0.0000             0.0000                    0.0000          I-2                                        3Y PP
       1371             0.0000             0.0000                    0.0000          I-2                                        3Y PP
       1372             0.0000             0.0000                    0.0000          I-2                                        3Y PP
       1373            17.0000            11.0000                    1.0000          I-2                    2YR                 No PP
       1374            14.5500             8.5500                    1.0000          I-1                    2YR                 2Y PP
       1375            13.0000             7.0000                    1.0000          I-2                    3YR                 3Y PP
       1376             0.0000             0.0000                    0.0000          I-2                                        No PP
       1377             0.0000             0.0000                    0.0000          I-2                                        3Y PP
       1378             0.0000             0.0000                    0.0000          I-2                                        3Y PP
       1379            13.7500             7.7500                    1.0000          I-1                    2YR                 2Y PP
       1380            15.1500             9.1500                    1.0000          I-2                    2YR                 2Y PP
       1381            14.8500             8.8500                    1.0000          I-2                    2YR                 2Y PP
       1382            15.8000             9.8000                    1.0000          I-1                    3YR                 No PP
       1383            14.1500             8.1500                    1.0000          I-1                    2YR                 2Y PP
       1384             0.0000             0.0000                    0.0000          I-1                                        1Y PP
       1385            14.4000             8.4000                    1.0000          I-1                    3YR                 No PP
       1386            13.2000             7.2000                    1.0000          I-1                    3YR                 3Y PP
       1387             0.0000             0.0000                    0.0000          I-2                                        1Y PP
       1388            11.7500             5.7500                    1.0000          I-1                    2YR                 2Y PP
       1389             0.0000             0.0000                    0.0000          I-2                                        No PP
       1390            13.9900             7.9900                    1.0000          I-2                    2YR                 2Y PP
       1391             0.0000             0.0000                    0.0000          I-1                                        No PP
       1392            13.5000             7.5000                    1.0000          I-2                    2YR                 2Y PP
       1393            14.6500             8.6500                    1.0000          I-1                    2YR                 2Y PP
       1394            14.9000             8.9000                    1.0000          I-1                    3YR                 3Y PP
       1395            14.8000             8.8000                    1.0000          I-1                    2YR                 No PP
       1396            15.5000             9.5000                    1.0000          I-2                    3YR                2.5Y PP
       1397            15.9000             9.9000                    1.0000          I-2                    3YR                 No PP
       1398             0.0000             0.0000                    0.0000          I-1                                        3Y PP
       1399            13.5000             7.5000                    1.0000          I-2                    2YR                 2Y PP
       1400            13.2500             7.2500                    1.0000          I-1                    2YR                 2Y PP
       1401             0.0000             0.0000                    0.0000          I-2                                        No PP
       1402            16.1500            10.1500                    1.0000          I-2                    2YR                 2Y PP
       1403            13.9500             7.9500                    1.0000          I-1                    2YR                 2Y PP
       1404            14.6500             8.6500                    1.0000          I-1                    3YR                 3Y PP
       1405            16.4000            10.4000                    1.0000          I-2                    3YR                 3Y PP
       1406            13.0000             7.0000                    1.0000          I-2                    3YR                 3Y PP
       1407            13.0000             7.0000                    1.0000          I-2                    2YR                 2Y PP
       1408            12.8500             6.8500                    1.0000          I-1                    2YR                 2Y PP
       1409            14.9500             8.9500                    1.0000          I-2                    2YR                 1Y PP
       1410            13.9000             7.9000                    1.0000          I-1                    3YR                 No PP
       1411            12.8500             6.8500                    1.0000          I-2                    2YR                 2Y PP
       1412             0.0000             0.0000                    0.0000          I-2                                        3Y PP
       1413            14.5000             8.5000                    1.0000          I-2                    2YR                 2Y PP
       1414             0.0000             0.0000                    0.0000          I-1                                        No PP
       1415            14.8000             8.8000                    1.0000          I-2                    2YR                 1Y PP
       1416            13.1500             7.1500                    1.0000          I-2                    3YR                 No PP
       1417            13.7000             7.7000                    1.0000          I-1                    2YR                 2Y PP
       1418            13.1250             7.1250                    1.0000          I-1                    3YR                 No PP
       1419            13.7000             7.7000                    1.0000          I-1                    3YR                 3Y PP
       1420             0.0000             0.0000                    0.0000          I-2                                        3Y PP
       1421             0.0000             0.0000                    0.0000          I-2                                        3Y PP
       1422            16.4000            10.4000                    1.0000          I-2                    2YR                 No PP
       1423            14.4500             8.4500                    1.0000          I-1                    2YR                 2Y PP
       1424            12.4500             6.4500                    1.0000          I-1                    2YR                 2Y PP
       1425             0.0000             0.0000                    0.0000          I-1                                        No PP
       1426             0.0000             0.0000                    0.0000          I-1                                        3Y PP
       1427            15.7000             9.7000                    1.0000          I-1                    2YR                 1Y PP
       1428             0.0000             0.0000                    0.0000          I-1                                        3Y PP
       1429            13.8000             7.8000                    1.0000          I-2                    3YR                 3Y PP
       1430             0.0000             0.0000                    0.0000          I-2                                        1Y PP
       1431            14.2500             8.2500                    1.0000          I-2                    2YR                 2Y PP
       1432             0.0000             0.0000                    0.0000          I-1                                        3Y PP
       1433             0.0000             0.0000                    0.0000          I-2                                        3Y PP
       1434             0.0000             0.0000                    0.0000          I-2                                        3Y PP
       1435            15.2750             9.2750                    1.0000          I-2                    2YR                 No PP
       1436            14.7000             8.7000                    1.0000          I-2                    2YR                 No PP
       1437             0.0000             0.0000                    0.0000          I-2                                        3Y PP
       1438            15.6500             9.6500                    1.0000          I-2                    2YR                 2Y PP
       1439             0.0000             0.0000                    0.0000          I-2                                        2Y PP
       1440            14.9500             8.9500                    1.0000          I-1                    2YR                 2Y PP
       1441            14.9500             8.9500                    1.0000          I-2                    2YR                 2Y PP
       1442            13.8120             7.8120                    1.0000          I-2                    2YR                 2Y PP
       1443            13.7500             7.7500                    1.0000          I-2                    2YR                 2Y PP
       1444             0.0000             0.0000                    0.0000          I-2                                        3Y PP
       1445             0.0000             0.0000                    0.0000          I-2                                        3Y PP
       1446            14.6000             8.6000                    1.0000          I-2                    2YR                 2Y PP
       1447            14.2000             8.2000                    1.0000          I-1                    2YR                 2Y PP
       1448            13.9900             7.9900                    1.0000          I-1                    2YR                 2Y PP
       1449            16.3000            10.3000                    1.0000          I-2                    2YR                 No PP
       1450            15.7000             6.0000                    1.0000          I-2                    2YR                 2Y PP
       1451            14.9900             8.9900                    1.0000          I-2                    3YR                 No PP
       1452             0.0000             0.0000                    0.0000          I-2                                        No PP
       1453            15.5500             9.5500                    1.0000          I-1                    3YR                 No PP
       1454            14.6500             8.6500                    1.0000          I-2                    3YR                 No PP
       1455            15.9500             9.9500                    1.0000          I-2                    2YR                 2Y PP
       1456            13.8500             7.8500                    1.0000          I-2                    3YR                 3Y PP
       1457            15.1000             9.1000                    1.0000          I-1                    3YR                 No PP
       1458            16.7500            10.7500                    1.0000          I-2                    2YR                 No PP
       1459            15.5000             9.5000                    1.0000          I-1                    2YR                 2Y PP
       1460            14.8500             8.8500                    1.0000          I-1                    2YR                 2Y PP
       1461             0.0000             0.0000                    0.0000          I-1                                        2Y PP
       1462            13.2500             7.2500                    1.0000          I-1                    3YR                 3Y PP
       1463             0.0000             0.0000                    0.0000          I-1                                        No PP
       1464             0.0000             0.0000                    0.0000          I-1                                        3Y PP
       1465            13.4500             7.4500                    1.0000          I-2                    2YR                 2Y PP
       1466            15.1500             9.1500                    1.0000          I-1                    2YR                 No PP
       1467             0.0000             0.0000                    0.0000          I-1                                        No PP
       1468             0.0000             0.0000                    0.0000          I-1                                        No PP
       1469            14.9900             8.9900                    1.0000          I-1                    2YR                 2Y PP
       1470             0.0000             0.0000                    0.0000          I-1                                        No PP
       1471            16.2000            10.2000                    1.0000          I-2                    2YR                 2Y PP
       1472            16.3000            10.3000                    1.0000          I-2                    2YR                 2Y PP
       1473            15.5000             9.5000                    1.0000          I-2                    2YR                 No PP
       1474            13.4900             7.4900                    1.0000          I-2                    2YR                 2Y PP
       1475             0.0000             0.0000                    0.0000          I-2                                        1Y PP
       1476            14.9500             8.9500                    1.0000          I-1                    2YR                 2Y PP
       1477             0.0000             0.0000                    0.0000          I-1                                        No PP
       1478             0.0000             0.0000                    0.0000          I-1                                        No PP
       1479            16.7500            10.7500                    1.0000          I-2                    3YR                 No PP
       1480             0.0000             0.0000                    0.0000          I-1                                        No PP
       1481             0.0000             0.0000                    0.0000          I-1                                        No PP
       1482             0.0000             0.0000                    0.0000          I-1                                        No PP
       1483             0.0000             0.0000                    0.0000          I-2                                        3Y PP
       1484             0.0000             0.0000                    0.0000          I-2                                        1Y PP
       1485             0.0000             0.0000                    0.0000          I-2                                        No PP
       1486             0.0000             0.0000                    0.0000          I-1                                        No PP
       1487            15.8500             9.8500                    1.0000          I-2                    2YR                 No PP
       1488            15.7000             9.7000                    1.0000          I-2                    2YR                 No PP
       1489             0.0000             0.0000                    0.0000          I-1                                        1Y PP
       1490             0.0000             0.0000                    0.0000          I-1                                        1Y PP
       1491            15.5000             9.5000                    1.0000          I-1                    2YR                 2Y PP
       1492             0.0000             0.0000                    0.0000          I-2                                        3Y PP
       1493             0.0000             0.0000                    0.0000          I-1                                        3Y PP
       1494             0.0000             0.0000                    0.0000          I-1                                        No PP
       1495            13.7000             7.7000                    1.0000          I-2                    2YR                 1Y PP
       1496            13.9900             7.9900                    1.0000          I-2                    3YR                 No PP
       1497             0.0000             0.0000                    0.0000          I-1                                        No PP
       1498            14.5000             8.5000                    1.0000          I-1                    3YR                 3Y PP
       1499            13.8500             7.8500                    1.0000          I-1                    2YR                 2Y PP
       1500            16.8500            10.8500                    1.0000          I-1                    2YR                 1Y PP
       1501             0.0000             0.0000                    0.0000          I-1                                        No PP
       1502            16.4900            10.4900                    1.0000          I-1                    2YR                 2Y PP
       1503             0.0000             0.0000                    0.0000          I-1                                        No PP
       1504             0.0000             0.0000                    0.0000          I-1                                        No PP
       1505             0.0000             0.0000                    0.0000          I-2                                        3Y PP
       1506             0.0000             0.0000                    0.0000          I-1                                        No PP
       1507            18.8370            12.8370                    1.0000          I-2                    3YR                 No PP
       1508             0.0000             0.0000                    0.0000          I-1                                        1Y PP
       1509             0.0000             0.0000                    0.0000          I-2                                        No PP
       1510            14.9900             8.9900                    1.0000          I-2                    2YR                 No PP
       1511            14.4000             8.4000                    1.0000          I-1                    3YR                 No PP
       1512            15.4000             9.4000                    1.0000          I-2                    2YR                 No PP
       1513            16.1030            10.1030                    1.0000          I-1                    2YR                 1Y PP
       1514             0.0000             0.0000                    0.0000          I-1                                        No PP
       1515            13.9900             7.9900                    1.0000          I-2                    2YR                 2Y PP
       1516             0.0000             0.0000                    0.0000          I-1                                        No PP
       1517             0.0000             0.0000                    0.0000          I-1                                        No PP
       1518            14.9900             8.9900                    1.0000          I-2                    2YR                 No PP
       1519             0.0000             0.0000                    0.0000          I-1                                        No PP
       1520            16.2000            10.2000                    1.0000          I-1                    2YR                 No PP
       1521             0.0000             0.0000                    0.0000          I-1                                        No PP
       1522            17.6500            11.6500                    1.0000          I-2                    2YR                 No PP
       1523             0.0000             0.0000                    0.0000          I-1                                        No PP
       1524            14.5000             8.5000                    1.0000          I-1                    2YR                 No PP
       1525             0.0000             0.0000                    0.0000          I-1                                        No PP
       1526            13.5500             7.5500                    1.0000          I-2                    2YR                 3Y PP
       1527            16.7500            10.7500                    1.0000          I-2                    2YR                 1Y PP
       1528            14.8000             8.8000                    1.0000          I-1                    2YR                 No PP
       1529             0.0000             0.0000                    0.0000          I-2                                        No PP
       1530            16.2250            10.2250                    1.0000          II                     2YR                 2Y PP
       1531            15.9000             9.9000                    1.0000          II                     2YR                 2Y PP
       1532            15.5000             9.5000                    1.0000          II                     3YR                 No PP
       1533            16.3500            10.3500                    1.0000          II                     2YR                 2Y PP
       1534            14.5000             8.5000                    1.0000          II                     2YR                 2Y PP
       1535            15.4000             9.4000                    1.0000          II                     2YR                 1Y PP
       1536            14.7000             8.7000                    1.0000          II                     2YR                 2Y PP
       1537            14.2500             8.2500                    1.0000          II                     2YR                 2Y PP
       1538             0.0000             0.0000                    0.0000          II                                         3Y PP
       1539             0.0000             0.0000                    0.0000          II                                         2Y PP
       1540            16.7050            10.7050                    1.0000          II                     2YR                 No PP
       1541            13.2500             7.2500                    1.0000          II                     3YR                 No PP
       1542            13.8750             7.8750                    1.0000          II                     3YR                 3Y PP
       1543            14.7500             8.7500                    1.0000          II                     2YR                 2Y PP
       1544            14.3000             8.3000                    1.0000          II                     3YR                 3Y PP
       1545            14.5500             8.5500                    1.0000          II                     2YR                 3Y PP
       1546            15.7000             9.7000                    1.0000          II                     2YR                 2Y PP
       1547            14.3000             8.3000                    1.0000          II                     2YR                 2Y PP
       1548            15.5250             9.5250                    1.0000          II                     2YR                 2Y PP
       1549            14.2000             8.2000                    1.0000          II                     2YR                 2Y PP
       1550            16.3500            10.3500                    1.0000          II                     2YR                 2Y PP
       1551            15.7000             9.7000                    1.0000          II                     2YR                 3Y PP
       1552            15.8000             9.8000                    1.0000          II                     2YR                 2Y PP
       1553             0.0000             0.0000                    0.0000          II                                         3Y PP
       1554             0.0000             0.0000                    0.0000          II                                         3Y PP
       1555            17.1500            11.1500                    1.0000          II                     2YR                 2Y PP
       1556            13.3500             7.3500                    1.0000          II                     2YR                 2Y PP
       1557            14.8000             8.8000                    1.0000          II                     2YR                 2Y PP
       1558            16.9000            10.9000                    1.0000          II                     2YR                 2Y PP
       1559            13.8500             7.8500                    1.0000          II                     2YR                 2Y PP
       1560            15.5500             9.5500                    1.0000          II                     2YR                 2Y PP
       1561            13.3500             7.3500                    1.0000          II                     2YR                 2Y PP
       1562            16.1500            10.1500                    1.0000          II                     2YR                 2Y PP
       1563            15.5500             9.5500                    1.0000          II                     2YR                 2Y PP
       1564            14.4500             8.4500                    1.0000          II                     2YR                 2Y PP
       1565            14.6000             8.6000                    1.0000          II                     2YR                 2Y PP
       1566            14.5000             8.5000                    1.0000          II                     2YR                 2Y PP
       1567            13.6000             7.6000                    1.0000          II                     2YR                 2Y PP
       1568            14.9800             8.9800                    1.0000          II                     2YR                 2Y PP
       1569            14.5000             8.5000                    1.0000          II                     2YR                 2Y PP
       1570             0.0000             0.0000                    0.0000          II                                         2Y PP
       1571            13.7010             7.7010                    1.0000          II                     2YR                 2Y PP
       1572            16.5500            10.5500                    1.0000          II                     2YR                 2Y PP
       1573             0.0000             0.0000                    0.0000          II                                         3Y PP
       1574             0.0000             0.0000                    0.0000          II                                         1Y PP
       1575            13.5000             7.5000                    1.0000          II                     2YR                 2Y PP
       1576            14.6000             8.6000                    1.0000          II                     2YR                 2Y PP
       1577            15.3750             9.3750                    1.0000          II                     2YR                 2Y PP
       1578            17.4000            11.4000                    1.0000          II                     2YR                 2Y PP
       1579            15.5000             9.5000                    1.0000          II                     2YR                 3Y PP
       1580            12.9900             6.9900                    1.0000          II                     3YR                 No PP
       1581            14.6500             8.6500                    1.0000          II                     2YR                 2Y PP
       1582            15.1000             9.1000                    1.0000          II                     2YR                 2Y PP
       1583            17.9250            11.9250                    1.0000          II                     3YR                 3Y PP
       1584            16.0000            10.0000                    1.0000          II                     3YR                 3Y PP
       1585            15.2000             9.2000                    1.0000          II                     3YR                 3Y PP
       1586            14.5500             8.5500                    1.0000          II                     2YR                 No PP
       1587            14.8500             8.8500                    1.0000          II                     2YR                 2Y PP
       1588            13.2500             7.2500                    1.0000          II                     2YR                 2Y PP
       1589            15.3000             9.3000                    1.0000          II                     3YR                 No PP
       1590            14.3500             8.3500                    1.0000          II                     2YR                 2Y PP
       1591            13.6000             7.6000                    1.0000          II                     2YR                 2Y PP
       1592            13.7500             7.7500                    1.0000          II                     2YR                 2Y PP
       1593            14.9000             8.9000                    1.0000          II                     2YR                 2Y PP
       1594            14.0000             8.0000                    1.0000          II                     2YR                 2Y PP
       1595            15.9900             9.9900                    1.0000          II                     2YR                 2Y PP
       1596            13.5000             7.5000                    1.0000          II                     2YR                 2Y PP
       1597            14.5000             8.5000                    1.0000          II                     2YR                 2Y PP
       1598            15.4000             9.4000                    1.0000          II                     2YR                 2Y PP
       1599             0.0000             0.0000                    0.0000          II                                         3Y PP
       1600            15.7000             9.7000                    1.0000          II                     3YR                 3Y PP
       1601            16.5000            10.5000                    1.0000          II                     2YR                 2Y PP
       1602            14.2500             8.2500                    1.0000          II                     3YR                 3Y PP
       1603            14.8750             8.8750                    1.0000          II                     2YR                 2Y PP
       1604            16.5000            10.5000                    1.0000          II                     2YR                 No PP
       1605            13.8000             7.8000                    1.0000          II                     2YR                 2Y PP
       1606            13.9900             7.9900                    1.0000          II                     2YR                 2Y PP
       1607            14.2500             8.2500                    1.0000          II                     2YR                 2Y PP
       1608             0.0000             0.0000                    0.0000          II                                         3Y PP
       1609            17.0500            11.0500                    1.0000          II                     2YR                 2Y PP
       1610             0.0000             0.0000                    0.0000          II                                         No PP
       1611            13.5000             7.5000                    1.0000          II                     2YR                 No PP
       1612            14.8500             8.8500                    1.0000          II                     3YR                 No PP
       1613            13.1250             7.1250                    1.0000          II                     3YR                 No PP
       1614            14.8000             8.8000                    1.0000          II                     2YR                 2Y PP
       1615            13.3000             7.3000                    1.0000          II                     3YR                 No PP
       1616            15.5000             9.5000                    1.0000          II                     2YR                 2Y PP
       1617            16.3000            10.3000                    1.0000          II                     2YR                 2Y PP
       1618            14.1000             8.1000                    1.0000          II                     2YR                 2Y PP
       1619            14.7100             8.7100                    1.0000          II                     2YR                 2Y PP
       1620            12.9900             6.9900                    1.0000          II                     2YR                 2Y PP
       1621            13.9000             7.9000                    1.0000          II                     2YR                 2Y PP
       1622            13.8000             7.8000                    1.0000          II                     2YR                 2Y PP
       1623             0.0000             0.0000                    0.0000          II                                         3Y PP
       1624            15.8000             9.8000                    1.0000          II                     2YR                 2Y PP
       1625            14.6500             8.6500                    1.0000          II                     2YR                 2Y PP
       1626            14.3000             8.3000                    1.0000          II                     2YR                 2Y PP
       1627            15.7500             9.7500                    1.0000          II                     2YR                 2Y PP
       1628            15.8000             9.8000                    1.0000          II                     2YR                 2Y PP
       1629            15.1500             9.1500                    1.0000          II                     2YR                 2Y PP
       1630            14.6000             8.6000                    1.0000          II                     3YR                 No PP
       1631            14.3000             8.3000                    1.0000          II                     3YR                 No PP
       1632            15.0000             9.0000                    1.0000          II                     2YR                 2Y PP
       1633             0.0000             0.0000                    0.0000          II                                         3Y PP
       1634            14.4000             8.4000                    1.0000          II                     2YR                 2Y PP
       1635            13.7500             7.7500                    1.0000          II                     2YR                 2Y PP
       1636            15.2500             9.2500                    1.0000          II                     2YR                 2Y PP
       1637            13.7500             7.7500                    1.0000          II                     2YR                 No PP
       1638            13.7600             7.7600                    1.0000          II                     2YR                 2Y PP
       1639            13.2500             7.2500                    1.0000          II                     2YR                 2Y PP
       1640            15.3500             9.3500                    1.0000          II                     2YR                 2Y PP
       1641            14.9900             8.9900                    1.0000          II                     2YR                 2Y PP
       1642            14.2500             8.2500                    1.0000          II                     2YR                 2Y PP
       1643            15.8000             9.8000                    1.0000          II                     2YR                 2Y PP
       1644            13.6500             7.6500                    1.0000          II                     2YR                 2Y PP
       1645            15.9500             9.9500                    1.0000          II                     2YR                 2Y PP
       1646            16.2500            10.2500                    1.0000          II                     3YR                 No PP
       1647             0.0000             0.0000                    0.0000          II                                         3Y PP
       1648            14.8150             8.8150                    1.0000          II                     2YR                 2Y PP
       1649            14.9880             8.9880                    1.0000          II                     2YR                 2Y PP
       1650            15.2500             9.2500                    1.0000          II                     2YR                 2Y PP
       1651             0.0000             0.0000                    0.0000          II                                         1Y PP
       1652            16.1500            10.1500                    1.0000          II                     2YR                 2Y PP
       1653            14.9900             8.9900                    1.0000          II                     2YR                 2Y PP
       1654            14.7000             8.7000                    1.0000          II                     3YR                 No PP
       1655            14.8000             8.8000                    1.0000          II                     2YR                 No PP
       1656            13.0000             7.0000                    1.0000          II                     2YR                 2Y PP
       1657            15.5500             9.5500                    1.0000          II                     2YR                 2Y PP
       1658            13.3500             7.3500                    1.0000          II                     2YR                 2Y PP
       1659            14.1000             8.1000                    1.0000          II                     3YR                 3Y PP
       1660            14.1500             8.1500                    1.0000          II                     2YR                 2Y PP
       1661            13.8500             7.8500                    1.0000          II                     2YR                 2Y PP
       1662            17.2500            11.2500                    1.0000          II                     2YR                 No PP
       1663            14.8000             8.8000                    1.0000          II                     3YR                 No PP
       1664            14.8000             8.8000                    1.0000          II                     3YR                 3Y PP
       1665            14.5500             8.5500                    1.0000          II                     2YR                 2Y PP
       1666            14.9900             8.9900                    1.0000          II                     2YR                 2Y PP
       1667            15.3000             9.3000                    1.0000          II                     2YR                 2Y PP
       1668            15.4000             9.4000                    1.0000          II                     2YR                 2Y PP
       1669            16.5000            10.5000                    1.0000          II                     2YR                 2Y PP
       1670            14.4000             8.4000                    1.0000          II                     2YR                 2Y PP
       1671            14.0000             8.0000                    1.0000          II                     2YR                 2Y PP
       1672             0.0000             0.0000                    0.0000          II                                         3Y PP
       1673            13.8400             7.8400                    1.0000          II                     2YR                 2Y PP
       1674            15.5000             9.5000                    1.0000          II                     2YR                 No PP
       1675            14.5000             8.5000                    1.0000          II                     2YR                 2Y PP
       1676             0.0000             0.0000                    0.0000          II                                         No PP
       1677             0.0000             0.0000                    0.0000          II                                         3Y PP
       1678             0.0000             0.0000                    0.0000          II                                         3Y PP
       1679            15.9500             9.9500                    1.0000          II                     3YR                 No PP
       1680            15.7500             9.7500                    1.0000          II                     3YR                 No PP
       1681            14.9750             8.9750                    1.0000          II                     2YR                 2Y PP
       1682            13.8000             7.8000                    1.0000          II                     2YR                 2Y PP
       1683            14.7000             8.7000                    1.0000          II                     2YR                 2Y PP
       1684            14.6500             8.6500                    1.0000          II                     2YR                 2Y PP
       1685            14.1000             8.1000                    1.0000          II                     2YR                 2Y PP
       1686            14.7000             8.7000                    1.0000          II                     2YR                 2Y PP
       1687            15.0000             9.0000                    1.0000          II                     2YR                 2Y PP
       1688            13.7500             7.7500                    1.0000          II                     2YR                 2Y PP
       1689            15.8500             9.8500                    1.0000          II                     2YR                 2Y PP
       1690            14.1000             8.1000                    1.0000          II                     3YR                 No PP
       1691             0.0000             0.0000                    0.0000          II                                         3Y PP
       1692            13.7500             7.7500                    1.0000          II                     2YR                 2Y PP
       1693            15.9900             9.9900                    1.0000          II                     2YR                 2Y PP
       1694            14.0400             8.0400                    1.0000          II                     3YR                 3Y PP
       1695            13.6000             7.6000                    1.0000          II                     2YR                 No PP
       1696            16.8000            10.8000                    1.0000          II                     2YR                 2Y PP
       1697            13.2000             7.2000                    1.0000          II                     2YR                 2Y PP
       1698            14.9900             8.9900                    1.0000          II                     2YR                 2Y PP
       1699            13.6500             7.6500                    1.0000          II                     2YR                 3Y PP
       1700             0.0000             0.0000                    0.0000          II                                         No PP
       1701            15.5000             9.5000                    1.0000          II                     3YR                 3Y PP
       1702             0.0000             0.0000                    0.0000          II                                         3Y PP
       1703            14.1500             8.1500                    1.0000          II                     2YR                 2Y PP
       1704            14.0000             8.0000                    1.0000          II                     2YR                 2Y PP
       1705            15.4000             9.4000                    1.0000          II                     3YR                 No PP
       1706            14.9000             8.9000                    1.0000          II                     2YR                 1Y PP
       1707            14.0000             8.0000                    1.0000          II                     3YR                 No PP
       1708            15.6500             9.6500                    1.0000          II                     2YR                 2Y PP
       1709            13.9900             7.9900                    1.0000          II                     2YR                 2Y PP
       1710            15.4500             9.4500                    1.0000          II                     2YR                 2Y PP
       1711            16.2500            10.2500                    1.0000          II                     2YR                 2Y PP
       1712            14.3750             8.3750                    1.0000          II                     2YR                 2Y PP
       1713            13.5000             7.5000                    1.0000          II                     2YR                 No PP
       1714            14.8500             8.8500                    1.0000          II                     2YR                 2Y PP
       1715             0.0000             0.0000                    0.0000          II                                         3Y PP
       1716             0.0000             0.0000                    0.0000          II                                         3Y PP
       1717            15.2000             9.2000                    1.0000          II                     2YR                 2Y PP
       1718            14.2500             8.2500                    1.0000          II                     2YR                 No PP
       1719            13.7500             7.7500                    1.0000          II                     3YR                 3Y PP
       1720            15.6000             9.6000                    1.0000          II                     2YR                 2Y PP
       1721            13.7500             7.7500                    1.0000          II                     2YR                 2Y PP
       1722            15.0000             9.0000                    1.0000          II                     3YR                 No PP
       1723            15.1000             9.1000                    1.0000          II                     2YR                 2Y PP
       1724            14.5000             8.5000                    1.0000          II                     2YR                 2Y PP
       1725            16.0000            10.0000                    1.0000          II                     2YR                 2Y PP
       1726            15.4900             9.4900                    1.0000          II                     2YR                 2Y PP
       1727            14.1500             8.1500                    1.0000          II                     2YR                 2Y PP
       1728            14.1500             8.1500                    1.0000          II                     2YR                 2Y PP
       1729            14.5000             8.5000                    1.0000          II                     2YR                 2Y PP
       1730            15.7000             9.7000                    1.0000          II                     2YR                 1Y PP
       1731            15.6000             9.6000                    1.0000          II                     2YR                 2Y PP
       1732            14.7500             8.7500                    1.0000          II                     2YR                 2Y PP
       1733            15.7500             9.7500                    1.0000          II                     2YR                 2Y PP
       1734            13.5500             7.5500                    1.0000          II                     2YR                 2Y PP
       1735             0.0000             0.0000                    0.0000          II                                         3Y PP
       1736            15.1500             9.1500                    1.0000          II                     2YR                 2Y PP
       1737            15.0500             9.0500                    1.0000          II                     3YR                 No PP
       1738            14.5500             8.5500                    1.0000          II                     2YR                 2Y PP
       1739             0.0000             0.0000                    0.0000          II                                         3Y PP
       1740            13.7500             7.7500                    1.0000          II                     3YR                 3Y PP
       1741            14.9900             8.9900                    1.0000          II                     2YR                 2Y PP
       1742             0.0000             0.0000                    0.0000          II                                         No PP
       1743            13.9000             7.9000                    1.0000          II                     2YR                 2Y PP
       1744            15.8000             9.8000                    1.0000          II                     2YR                 1Y PP
       1745            14.9000             8.9000                    1.0000          II                     2YR                 2Y PP
       1746            14.1500             8.1500                    1.0000          II                     2YR                 1Y PP
       1747            13.2500             7.2500                    1.0000          II                     2YR                 2Y PP
       1748            15.8000             9.8000                    1.0000          II                     2YR                 2Y PP
       1749            15.9500             9.9500                    1.0000          II                     2YR                 2Y PP
       1750            14.8500             8.8500                    1.0000          II                     2YR                 2Y PP
       1751            14.7500             8.7500                    1.0000          II                     2YR                 2Y PP
       1752            15.9900             9.9900                    1.0000          II                     2YR                 2Y PP
       1753            14.3000             8.3000                    1.0000          II                     2YR                 3Y PP
       1754            15.1500             9.1500                    1.0000          II                     2YR                 3Y PP
       1755            15.9500             9.9500                    1.0000          II                     3YR                 3Y PP
       1756            14.2500             8.2500                    1.0000          II                     3YR                 No PP
       1757             0.0000             0.0000                    0.0000          II                                         3Y PP
       1758            15.7500             9.7500                    1.0000          II                     2YR                 2Y PP
       1759            14.2500             8.2500                    1.0000          II                     2YR                 2Y PP
       1760            16.5500            10.5500                    1.0000          II                     3YR                 No PP
       1761            14.6000             8.6000                    1.0000          II                     2YR                 2Y PP
       1762            15.8500             9.8500                    1.0000          II                     2YR                 2Y PP
       1763            14.9500             8.9500                    1.0000          II                     2YR                 2Y PP
       1764            14.5000             8.5000                    1.0000          II                     2YR                 2Y PP
       1765            14.6500             8.6500                    1.0000          II                     2YR                 2Y PP
       1766            14.6500             8.6500                    1.0000          II                     3YR                 3Y PP
       1767            14.5500             8.5500                    1.0000          II                     2YR                 No PP
       1768            14.9500             8.9500                    1.0000          II                     2YR                 2Y PP
       1769            14.3000             8.3000                    1.0000          II                     2YR                 2Y PP
       1770            13.7500             7.7500                    1.0000          II                     2YR                 2Y PP
       1771            14.6000             8.6000                    1.0000          II                     2YR                 1Y PP
       1772            17.1000            11.1000                    1.0000          II                     2YR                 2Y PP
       1773            15.6500             9.6500                    1.0000          II                     2YR                 2Y PP
       1774            13.9500             7.9500                    1.0000          II                     2YR                 1Y PP
       1775            16.9000            10.9000                    1.0000          II                     2YR                 2Y PP
       1776            13.6500             7.6500                    1.0000          II                     3YR                 No PP
       1777            16.3500            10.3500                    1.0000          II                     2YR                 2Y PP
       1778            14.6500             8.6500                    1.0000          II                     2YR                 2Y PP
       1779            14.0000             8.0000                    1.0000          II                     2YR                 2Y PP
       1780             0.0000             0.0000                    0.0000          II                                         1Y PP
       1781             0.0000             0.0000                    0.0000          II                                         3Y PP
       1782            13.2000             7.2000                    1.0000          II                     2YR                 2Y PP
       1783            13.8000             7.8000                    1.0000          II                     2YR                 2Y PP
       1784            14.5500             8.5500                    1.0000          II                     2YR                 1Y PP
       1785            15.0500             9.0500                    1.0000          II                     2YR                 2Y PP
       1786            15.6500             9.6500                    1.0000          II                     2YR                 2Y PP
       1787            13.9000             7.9000                    1.0000          II                     2YR                 2Y PP
       1788             0.0000             0.0000                    0.0000          II                                         3Y PP
       1789            14.6500             8.6500                    1.0000          II                     2YR                 2Y PP
       1790            13.6500             7.6500                    1.0000          II                     2YR                 2Y PP
       1791            14.3000             8.3000                    1.0000          II                     2YR                 2Y PP
       1792            15.2000             9.2000                    1.0000          II                     2YR                 2Y PP
       1793            14.2500             8.2500                    1.0000          II                     2YR                 1Y PP
       1794            13.6000             7.6000                    1.0000          II                     3YR                 3Y PP
       1795            14.1500             8.1500                    1.0000          II                     2YR                 2Y PP
       1796            15.3500             9.3500                    1.0000          II                     2YR                 2Y PP
       1797            14.8500             8.8500                    1.0000          II                     2YR                 2Y PP
       1798            15.9000             9.9000                    1.0000          II                     2YR                 2Y PP
       1799            15.8010             9.8010                    1.0000          II                     2YR                 2Y PP
       1800            15.8500             9.8500                    1.0000          II                     3YR                 3Y PP
       1801            13.7000             7.7000                    1.0000          II                     2YR                 No PP
       1802            13.8500             7.8500                    1.0000          II                     2YR                 2Y PP
       1803            12.6500             6.6500                    1.0000          II                     3YR                 3Y PP
       1804            15.8000             9.8000                    1.0000          II                     3YR                 No PP
       1805            15.1750             9.1750                    1.0000          II                     2YR                 2Y PP
       1806            14.7500             8.7500                    1.0000          II                     2YR                 2Y PP
       1807            13.9900             7.9900                    1.0000          II                     2YR                 2Y PP
       1808            14.4900             8.4900                    1.0000          II                     2YR                 2Y PP
       1809            14.1000             8.1000                    1.0000          II                     2YR                 3Y PP
       1810             0.0000             0.0000                    0.0000          II                                         2Y PP
       1811            13.2500             7.2500                    1.0000          II                     2YR                 2Y PP
       1812            16.3000            10.3000                    1.0000          II                     2YR                 2Y PP
       1813             0.0000             0.0000                    0.0000          II                                         3Y PP
       1814            14.7500             8.7500                    1.0000          II                     2YR                 2Y PP
       1815            14.7500             8.7500                    1.0000          II                     2YR                 2Y PP
       1816            15.4500             9.4500                    1.0000          II                     2YR                 No PP
       1817            14.6000             8.6000                    1.0000          II                     2YR                 2Y PP
       1818            13.6250             7.6250                    1.0000          II                     2YR                 2Y PP
       1819            15.7000             9.7000                    1.0000          II                     2YR                 2Y PP
       1820            15.3500             9.3500                    1.0000          II                     2YR                 1Y PP
       1821            14.3100             8.3100                    1.0000          II                     2YR                 2Y PP
       1822            13.0000             7.0000                    1.0000          II                     3YR                 3Y PP
       1823            14.4000             8.4000                    1.0000          II                     2YR                 2Y PP
       1824            14.7500             8.7500                    1.0000          II                     2YR                 2Y PP
       1825            15.3000             9.3000                    1.0000          II                     2YR                 2Y PP
       1826            13.6000             7.6000                    1.0000          II                     2YR                 2Y PP
       1827            15.7500             9.7500                    1.0000          II                     2YR                 2Y PP
       1828            14.7500             8.7500                    1.0000          II                     2YR                 2Y PP
       1829            15.2500             9.2500                    1.0000          II                     2YR                 2Y PP
       1830            13.7500             7.7500                    1.0000          II                     3YR                 3Y PP
       1831            14.5000             8.5000                    1.0000          II                     2YR                 No PP
       1832            14.6500             8.6500                    1.0000          II                     2YR                 2Y PP
       1833            15.3000             9.3000                    1.0000          II                     2YR                 2Y PP
       1834             0.0000             0.0000                    0.0000          II                                         1Y PP
       1835            15.4000             9.4000                    1.0000          II                     2YR                 2Y PP
       1836            14.1500             8.1500                    1.0000          II                     2YR                 2Y PP
       1837            13.6000             7.6000                    1.0000          II                     3YR                 No PP
       1838            15.0000             9.0000                    1.0000          II                     2YR                 2Y PP
       1839            14.1500             8.1500                    1.0000          II                     2YR                 No PP
       1840            15.0500             9.0500                    1.0000          II                     2YR                 2Y PP
       1841            15.3250             9.3250                    1.0000          II                     2YR                 2Y PP
       1842            16.0000            10.0000                    1.0000          II                     2YR                 2Y PP
       1843            13.9000             7.9000                    1.0000          II                     2YR                 1Y PP
       1844            16.7000            10.7000                    1.0000          II                     2YR                 2Y PP
       1845            14.9900             8.9900                    1.0000          II                     2YR                 2Y PP
       1846            16.3500            10.3500                    1.0000          II                     2YR                 2Y PP
       1847            17.7000            11.7000                    1.0000          II                     2YR                 2Y PP
       1848            13.2500             7.2500                    1.0000          II                     2YR                 2Y PP
       1849            15.1500             9.1500                    1.0000          II                     3YR                 3Y PP
       1850            15.1000             9.1000                    1.0000          II                     2YR                 2Y PP
       1851            14.5000             8.5000                    1.0000          II                     3YR                 3Y PP
       1852            15.6000             9.6000                    1.0000          II                     2YR                 2Y PP
       1853            15.3000             9.3000                    1.0000          II                     2YR                 1Y PP
       1854            14.5000             8.5000                    1.0000          II                     2YR                 2Y PP
       1855            16.0500            10.0500                    1.0000          II                     3YR                 No PP
       1856            14.2000             8.2000                    1.0000          II                     2YR                 No PP
       1857            16.8000            10.8000                    1.0000          II                     2YR                 2Y PP
       1858            13.7500             7.7500                    1.0000          II                     3YR                 No PP
       1859             0.0000             0.0000                    0.0000          II                                         3Y PP
       1860            14.2000             8.2000                    1.0000          II                     3YR                 No PP
       1861            14.4900             8.4900                    1.0000          II                     2YR                 2Y PP
       1862            13.7000             7.7000                    1.0000          II                     3YR                 3Y PP
       1863            14.5000             8.5000                    1.0000          II                     2YR                 1Y PP
       1864            14.9900             8.9900                    1.0000          II                     2YR                 2Y PP
       1865            15.7500             9.7500                    1.0000          II                     3YR                 No PP
       1866            16.2500            10.2500                    1.0000          II                     2YR                 2Y PP
       1867            15.2250             9.2250                    1.0000          II                     2YR                 2Y PP
       1868            14.6500             8.6500                    1.0000          II                     2YR                 2Y PP
       1869            13.7500             7.7500                    1.0000          II                     2YR                 3Y PP
       1870            13.5000             7.5000                    1.0000          II                     3YR                 No PP
       1871            15.4750             9.4750                    1.0000          II                     2YR                 2Y PP
       1872            14.5000             8.5000                    1.0000          II                     3YR                 No PP
       1873            15.3370             9.3370                    1.0000          II                     2YR                 2Y PP
       1874            14.9900             8.9900                    1.0000          II                     2YR                 2Y PP
       1875            14.5000             8.5000                    1.0000          II                     3YR                 3Y PP
       1876            14.9900             8.9900                    1.0000          II                     2YR                 2Y PP
       1877            13.7000             7.7000                    1.0000          II                     2YR                 2Y PP
       1878            14.7000             8.7000                    1.0000          II                     2YR                 2Y PP
       1879            14.5500             8.5500                    1.0000          II                     2YR                 2Y PP
       1880            13.9900             7.9900                    1.0000          II                     2YR                 3Y PP
       1881            15.3500             9.3500                    1.0000          II                     2YR                 3Y PP
       1882            13.7000             7.7000                    1.0000          II                     2YR                 2Y PP
       1883            15.1000             9.1000                    1.0000          II                     2YR                 2Y PP
       1884            14.5500             8.5500                    1.0000          II                     3YR                 3Y PP
       1885            15.3000             9.3000                    1.0000          II                     2YR                 2Y PP
       1886            13.7000             7.7000                    1.0000          II                     2YR                 No PP
       1887            14.5000             8.5000                    1.0000          II                     2YR                 2Y PP
       1888            14.5000             8.5000                    1.0000          II                     3YR                 No PP
       1889            15.6500             9.6500                    1.0000          II                     2YR                 2Y PP
       1890            14.9500             8.9500                    1.0000          II                     2YR                 2Y PP
       1891            13.6000             7.6000                    1.0000          II                     3YR                 No PP
       1892            14.3500             8.3500                    1.0000          II                     3YR                 No PP
       1893            14.4500             8.4500                    1.0000          II                     2YR                 2Y PP
       1894             0.0000             0.0000                    0.0000          II                                         3Y PP
       1895            13.5500             7.5500                    1.0000          II                     2YR                 2Y PP
       1896            16.0000            10.0000                    1.0000          II                     2YR                 2Y PP
       1897            14.5000             8.5000                    1.0000          II                     2YR                 2Y PP
       1898            14.2500             8.2500                    1.0000          II                     2YR                 2Y PP
       1899            15.3500             9.3500                    1.0000          II                     2YR                 2Y PP
       1900            14.9500             8.9500                    1.0000          II                     2YR                 3Y PP
       1901            14.8000             8.8000                    1.0000          II                     2YR                 2Y PP
       1902            16.5000            10.5000                    1.0000          II                     2YR                 2Y PP
       1903             0.0000             0.0000                    0.0000          II                                         No PP
       1904            14.5000             8.5000                    1.0000          II                     2YR                 No PP
       1905            14.7500             8.7500                    1.0000          II                     2YR                 2Y PP
       1906            15.2500             9.2500                    1.0000          II                     2YR                 No PP
       1907            15.8750             9.8750                    1.0000          II                     2YR                 No PP
       1908            14.7500             8.7500                    1.0000          II                     2YR                 2Y PP
       1909             0.0000             0.0000                    0.0000          II                                         3Y PP
       1910            14.2500             8.2500                    1.0000          II                     2YR                 2Y PP
       1911            15.9900             9.9900                    1.0000          II                     2YR                 2Y PP
       1912            14.5500             8.5500                    1.0000          II                     2YR                 2Y PP
       1913            14.9870             8.9870                    1.0000          II                     2YR                 2Y PP
       1914            12.9900             6.9900                    1.0000          II                     3YR                 3Y PP
       1915            14.8000             8.8000                    1.0000          II                     2YR                 2Y PP
       1916            13.2500             7.2500                    1.0000          II                     3YR                 3Y PP
       1917            13.9900             7.9900                    1.0000          II                     2YR                 2Y PP
       1918             0.0000             0.0000                    0.0000          II                                         3Y PP
       1919            13.9900             7.9900                    1.0000          II                     2YR                 No PP
       1920            15.1500             9.1500                    1.0000          II                     2YR                 2Y PP
       1921            14.1500             8.1500                    1.0000          II                     2YR                 2Y PP
       1922            17.6000            11.6000                    1.0000          II                     2YR                 1Y PP
       1923            13.9000             7.9000                    1.0000          II                     2YR                 2Y PP
       1924            14.3500             8.3500                    1.0000          II                     2YR                 2Y PP
       1925            14.3000             8.3000                    1.0000          II                     2YR                 2Y PP
       1926            13.9000             7.9000                    1.0000          II                     2YR                 2Y PP
       1927            13.9000             7.9000                    1.0000          II                     2YR                 2Y PP
       1928            15.2000             9.2000                    1.0000          II                     2YR                 2Y PP
       1929            14.4500             8.4500                    1.0000          II                     2YR                 No PP
       1930            13.9900             7.9900                    1.0000          II                     3YR                 No PP
       1931            14.6000             8.6000                    1.0000          II                     2YR                 2Y PP
       1932            13.6000             7.6000                    1.0000          II                     3YR                 No PP
       1933            13.5000             7.5000                    1.0000          II                     2YR                 3Y PP
       1934            14.7000             8.7000                    1.0000          II                     2YR                 No PP
       1935            13.3500             7.3500                    1.0000          II                     2YR                 2Y PP
       1936            15.3000             9.3000                    1.0000          II                     3YR                 No PP
       1937            13.8900             7.8900                    1.0000          II                     2YR                 2Y PP
       1938            15.9000             9.9000                    1.0000          II                     2YR                 2Y PP
       1939             0.0000             0.0000                    0.0000          II                                         No PP
       1940            16.3000            10.3000                    1.0000          II                     2YR                 No PP
       1941            16.3130            10.3130                    1.0000          II                     3YR                 3Y PP
       1942            12.6500             6.6500                    1.0000          II                     2YR                 2Y PP
       1943            15.2500             9.2500                    1.0000          II                     2YR                 2Y PP
       1944            16.8500            10.8500                    1.0000          II                     2YR                 2Y PP
       1945            14.4900             8.4900                    1.0000          II                     2YR                 No PP
       1946            14.4500             8.4500                    1.0000          II                     3YR                 No PP
       1947            15.3750             9.3750                    1.0000          II                     2YR                 2Y PP
       1948            14.9900             8.9900                    1.0000          II                     2YR                 2Y PP
       1949            14.9500             8.9500                    1.0000          II                     2YR                 2Y PP
       1950            14.6500             8.6500                    1.0000          II                     2YR                 2Y PP
       1951            14.9000             8.9000                    1.0000          II                     2YR                 2Y PP
       1952            15.6250             9.6250                    1.0000          II                     2YR                 No PP
       1953            14.4900             8.4900                    1.0000          II                     3YR                 No PP
       1954            13.8500             7.8500                    1.0000          II                     2YR                 3Y PP
       1955            13.7500             7.7500                    1.0000          II                     2YR                 No PP
       1956            13.5000             7.5000                    1.0000          II                     3YR                 3Y PP
       1957            13.7500             7.7500                    1.0000          II                     2YR                 2Y PP
       1958            14.5000             8.5000                    1.0000          II                     2YR                 2Y PP
       1959            15.7500             9.7500                    1.0000          II                     2YR                 2Y PP
       1960            14.6000             8.6000                    1.0000          II                     2YR                 2Y PP
       1961            14.7000             8.7000                    1.0000          II                     3YR                 No PP
       1962             0.0000             0.0000                    0.0000          II                                         1Y PP
       1963            13.7750             7.7750                    1.0000          II                     2YR                 2Y PP
       1964            13.5000             7.5000                    1.0000          II                     2YR                 2Y PP
       1965            15.7000             9.7000                    1.0000          II                     2YR                 2Y PP
       1966            15.0000             9.0000                    1.0000          II                     3YR                 No PP
       1967            13.2500             7.2500                    1.0000          II                     2YR                 2Y PP
       1968             0.0000             0.0000                    0.0000          II                                         3Y PP
       1969            14.0500             8.0500                    1.0000          II                     2YR                 2Y PP
       1970            12.3500             6.3500                    1.0000          II                     2YR                 2Y PP
       1971            15.8750             9.8750                    1.0000          II                     2YR                 2Y PP
       1972            14.9630             8.9630                    1.0000          II                     3YR                 No PP
       1973            14.3500             8.3500                    1.0000          II                     3YR                 3Y PP
       1974            14.9900             8.9900                    1.0000          II                     2YR                 2Y PP
       1975            13.4500             7.4500                    1.0000          II                     2YR                 2Y PP
       1976            14.1000             8.1000                    1.0000          II                     2YR                 No PP
       1977            14.5600             8.5600                    1.0000          II                     2YR                 2Y PP
       1978            15.0500             9.0500                    1.0000          II                     2YR                 1Y PP
       1979            15.3000             9.3000                    1.0000          II                     2YR                 1Y PP
       1980            15.0500             9.0500                    1.0000          II                     2YR                 2Y PP
       1981            14.2000             8.2000                    1.0000          II                     2YR                 1Y PP
       1982            14.7000             8.7000                    1.0000          II                     2YR                 2Y PP
       1983            16.1000            10.1000                    1.0000          II                     2YR                 2Y PP
       1984            14.4000             8.4000                    1.0000          II                     3YR                 No PP
       1985            14.7000             8.7000                    1.0000          II                     3YR                 3Y PP
       1986            13.9900             7.9900                    1.0000          II                     3YR                 No PP
       1987            15.3500             9.3500                    1.0000          II                     2YR                 2Y PP
       1988            15.4500             9.4500                    1.0000          II                     2YR                 3Y PP
       1989            14.7000             8.7000                    1.0000          II                     2YR                 No PP
       1990            13.9900             7.9900                    1.0000          II                     2YR                 No PP
       1991            14.9000             8.9000                    1.0000          II                     3YR                 No PP
       1992            14.7000             8.7000                    1.0000          II                     2YR                 2Y PP
       1993            13.3500             7.3500                    1.0000          II                     2YR                 2Y PP
       1994            14.8000             8.8000                    1.0000          II                     3YR                 No PP
       1995            14.8000             8.8000                    1.0000          II                     2YR                 3Y PP
       1996            15.7000             9.7000                    1.0000          II                     2YR                 2Y PP
       1997            15.5500             9.5500                    1.0000          II                     2YR                 No PP
       1998            14.6000             8.6000                    1.0000          II                     2YR                 2Y PP
       1999            15.2000             9.2000                    1.0000          II                     2YR                 2Y PP
       2000            15.6000             9.6000                    1.0000          II                     3YR                 No PP
       2001             0.0000             0.0000                    0.0000          II                                         No PP
       2002             0.0000             0.0000                    0.0000          II                                         No PP
       2003             0.0000             0.0000                    0.0000          II                                         No PP
       2004            13.2500             7.2500                    1.0000          II                     2YR                 No PP
       2005            16.6000            10.6000                    1.0000          II                     2YR                 2Y PP
       2006            14.6500             8.6500                    1.0000          II                     2YR                 2Y PP
       2007            14.5000             8.5000                    1.0000          II                     2YR                 2Y PP
       2008            14.0500             8.0500                    1.0000          II                     2YR                 2Y PP
       2009            14.2000             8.2000                    1.0000          II                     2YR                 2Y PP
       2010            15.4000             9.4000                    1.0000          II                     2YR                 2Y PP
       2011            14.2500             8.2500                    1.0000          II                     2YR                 2Y PP
       2012            15.3000             9.3000                    1.0000          II                     2YR                 2Y PP
       2013            13.7500             7.7500                    1.0000          II                     3YR                 No PP
       2014            14.5000             8.5000                    1.0000          II                     2YR                 2Y PP
       2015            14.4000             8.4000                    1.0000          II                     3YR                 No PP
       2016            13.6500             7.6500                    1.0000          II                     2YR                 2Y PP
       2017            14.9900             8.9900                    1.0000          II                     2YR                 2Y PP
       2018            14.9000             8.9000                    1.0000          II                     2YR                 2Y PP
       2019            13.6000             7.6000                    1.0000          II                     2YR                 2Y PP
       2020            14.4500             8.4500                    1.0000          II                     2YR                 2Y PP
       2021            13.8000             7.8000                    1.0000          II                     3YR                 No PP
       2022            16.0250            10.0250                    1.0000          II                     2YR                 No PP
       2023            14.5500             8.5500                    1.0000          II                     2YR                 2Y PP
       2024            14.8500             8.8500                    1.0000          II                     2YR                 2Y PP
       2025            14.2500             8.2500                    1.0000          II                     2YR                 2Y PP
       2026            14.9750             8.9750                    1.0000          II                     2YR                 2Y PP
       2027            14.3000             8.3000                    1.0000          II                     2YR                 2Y PP
       2028            13.9500             7.9500                    1.0000          II                     3YR                 3Y PP
       2029            14.9500             8.9500                    1.0000          II                     2YR                 No PP
       2030             0.0000             0.0000                    0.0000          II                                         3Y PP
       2031            15.3500             9.3500                    1.0000          II                     2YR                 2Y PP
       2032            16.5500            10.5500                    1.0000          II                     3YR                 3Y PP
       2033            14.7500             8.7500                    1.0000          II                     2YR                 1Y PP
       2034            13.8500             7.8500                    1.0000          II                     2YR                 1Y PP
       2035            13.5000             7.5000                    1.0000          II                     2YR                 2Y PP
       2036            14.2000             8.2000                    1.0000          II                     2YR                 2Y PP
       2037            13.9900             7.9900                    1.0000          II                     2YR                 2Y PP
       2038            14.6500             8.6500                    1.0000          II                     2YR                 2Y PP
       2039            15.9900             9.9900                    1.0000          II                     2YR                 No PP
       2040            13.6500             7.6500                    1.0000          II                     2YR                 No PP
       2041             0.0000             0.0000                    0.0000          II                                         3Y PP
       2042            15.2000             9.2000                    1.0000          II                     2YR                 2Y PP
       2043            14.3500             8.3500                    1.0000          II                     3YR                 3Y PP
       2044            14.5000             8.5000                    1.0000          II                     2YR                 2Y PP
       2045            13.7500             7.7500                    1.0000          II                     2YR                 2Y PP
       2046            14.8600             8.8600                    1.0000          II                     2YR                 1Y PP
       2047            14.5500             8.5500                    1.0000          II                     2YR                 2Y PP
       2048            14.6000             8.6000                    1.0000          II                     3YR                 3Y PP
       2049            13.2500             7.2500                    1.0000          II                     2YR                 3Y PP
       2050            14.3500             8.3500                    1.0000          II                     3YR                 3Y PP
       2051            14.1250             8.1250                    1.0000          II                     2YR                 No PP
       2052            15.1250             3.6250                    1.0000          II                     2YR                 2Y PP
       2053            13.4000             7.4000                    1.0000          II                     3YR                 3Y PP
       2054            14.6500             8.6500                    1.0000          II                     2YR                 2Y PP
       2055            13.5500             7.5500                    1.0000          II                     2YR                 2Y PP
       2056             0.0000             0.0000                    0.0000          II                                         3Y PP
       2057            14.2500             8.2500                    1.0000          II                     2YR                 2Y PP
       2058            14.2500             8.2500                    1.0000          II                     3YR                 No PP
       2059            14.9500             8.9500                    1.0000          II                     2YR                 No PP
       2060            14.5500             8.5500                    1.0000          II                     3YR                 3Y PP
       2061            13.5000             7.5000                    1.0000          II                     2YR                 2Y PP
       2062            13.9900             7.9900                    1.0000          II                     2YR                 2Y PP
       2063            14.1000             8.1000                    1.0000          II                     2YR                 2Y PP
       2064            13.9500             7.9500                    1.0000          II                     3YR                 3Y PP
       2065            14.8500             8.8500                    1.0000          II                     2YR                 2Y PP
       2066            14.1500             8.1500                    1.0000          II                     2YR                 2Y PP
       2067            16.7500            10.7500                    1.0000          II                     2YR                 No PP
       2068            13.4880             7.4880                    1.0000          II                     3YR                 No PP
       2069            15.1510             9.1510                    1.0000          II                     2YR                 2Y PP
       2070            16.1000            10.1000                    1.0000          II                     2YR                 2Y PP
       2071            15.3000             9.3000                    1.0000          II                     2YR                 2Y PP
       2072            14.6500             8.6500                    1.0000          II                     3YR                 3Y PP
       2073            16.2500            10.2500                    1.0000          II                     2YR                 2Y PP
       2074            15.3000             9.3000                    1.0000          II                     2YR                 No PP
       2075            13.7500             7.7500                    1.0000          II                     3YR                 No PP
       2076            13.9900             7.9900                    1.0000          II                     2YR                 2Y PP
       2077            14.5500             8.5500                    1.0000          II                     3YR                 No PP
       2078            14.6000             8.6000                    1.0000          II                     3YR                 3Y PP
       2079            14.5500             8.5500                    1.0000          II                     2YR                 2Y PP
       2080            13.6000             7.6000                    1.0000          II                     2YR                 3Y PP
       2081            14.3500             8.3500                    1.0000          II                     2YR                 2Y PP
       2082            14.2000             8.2000                    1.0000          II                     2YR                 2Y PP
       2083            13.4370             7.4370                    1.0000          II                     3YR                 No PP
       2084             0.0000             0.0000                    0.0000          II                                         3Y PP
       2085            15.7500             9.7500                    1.0000          II                     2YR                 No PP
       2086            14.3500             8.3500                    1.0000          II                     2YR                 2Y PP
       2087             0.0000             0.0000                    0.0000          II                                         3Y PP
       2088            14.5000             8.5000                    1.0000          II                     2YR                 2Y PP
       2089            15.4500             9.4500                    1.0000          II                     2YR                 2Y PP
       2090            15.5500             9.5500                    1.0000          II                     2YR                 2Y PP
       2091            15.4500             9.4500                    1.0000          II                     2YR                 2Y PP
       2092            14.7500             8.7500                    1.0000          II                     2YR                 No PP
       2093            13.7500             7.7500                    1.0000          II                     2YR                 2Y PP
       2094            14.7000             8.7000                    1.0000          II                     2YR                 No PP
       2095            15.3900             9.3900                    1.0000          II                     2YR                 2Y PP
       2096            13.9900             7.9900                    1.0000          II                     2YR                 2Y PP
       2097            13.8000             7.8000                    1.0000          II                     3YR                 3Y PP
       2098            14.2500             8.2500                    1.0000          II                     2YR                 2Y PP
       2099            14.9500             8.9500                    1.0000          II                     2YR                 2Y PP
       2100            14.7500             8.7500                    1.0000          II                     2YR                 2Y PP
       2101            13.9000             7.9000                    1.0000          II                     2YR                 2Y PP
       2102             0.0000             0.0000                    0.0000          II                                         1Y PP
       2103            15.8500             9.8500                    1.0000          II                     2YR                 2Y PP
       2104            13.1510             7.1510                    1.0000          II                     2YR                 1Y PP
       2105            13.9500             7.9500                    1.0000          II                     2YR                 2Y PP
       2106            14.1000             8.1000                    1.0000          II                     3YR                 3Y PP
       2107            15.1500             9.1500                    1.0000          II                     2YR                 No PP
       2108            13.9900             7.9900                    1.0000          II                     2YR                 1Y PP
       2109            14.6000             8.6000                    1.0000          II                     2YR                 2Y PP
       2110            15.1000             9.1000                    1.0000          II                     2YR                 2Y PP
       2111            15.5000             9.5000                    1.0000          II                     2YR                 2Y PP
       2112            15.6250             9.6250                    1.0000          II                     2YR                 2Y PP
       2113            13.8000             7.8000                    1.0000          II                     2YR                 2Y PP
       2114            15.8500             9.8500                    1.0000          II                     2YR                 2Y PP
       2115            14.9500             8.9500                    1.0000          II                     2YR                 2Y PP
       2116            13.9500             7.9500                    1.0000          II                     2YR                 2Y PP
       2117            13.5000             7.5000                    1.0000          II                     2YR                 2Y PP
       2118            13.4000             7.4000                    1.0000          II                     2YR                 2Y PP
       2119            15.2500             9.2500                    1.0000          II                     2YR                 2Y PP
       2120            13.2500             7.2500                    1.0000          II                     2YR                 2Y PP
       2121            12.8500             6.8500                    1.0000          II                     2YR                 2Y PP
       2122            13.8400             7.8400                    1.0000          II                     2YR                 2Y PP
       2123            13.3500             7.3500                    1.0000          II                     2YR                 2Y PP
       2124            15.3000             9.3000                    1.0000          II                     2YR                 2Y PP
       2125            13.1000             7.1000                    1.0000          II                     3YR                 No PP
       2126            14.0000             8.0000                    1.0000          II                     2YR                 2Y PP
       2127             0.0000             0.0000                    0.0000          II                                         3Y PP
       2128             0.0000             0.0000                    0.0000          II                                         3Y PP
       2129            14.5000             8.5000                    1.0000          II                     2YR                 2Y PP
       2130             0.0000             0.0000                    0.0000          II                                         1Y PP
       2131            14.8050             8.8050                    1.0000          II                     3YR                 3Y PP
       2132            15.2000             9.2000                    1.0000          II                     2YR                 No PP
       2133            12.6250             6.6250                    1.0000          II                     2YR                 2Y PP
       2134            13.9900             7.9900                    1.0000          II                     2YR                 2Y PP
       2135            13.5000             7.5000                    1.0000          II                     2YR                 2Y PP
       2136            16.9000            10.9000                    1.0000          II                     2YR                 2Y PP
       2137            15.3000             9.3000                    1.0000          II                     2YR                 2Y PP
       2138            14.8000             8.8000                    1.0000          II                     2YR                 2Y PP
       2139            14.5500             8.5500                    1.0000          II                     2YR                 2Y PP
       2140            15.8500             9.8500                    1.0000          II                     2YR                 2Y PP
       2141            15.5000             9.5000                    1.0000          II                     2YR                 2Y PP
       2142            14.5000             8.5000                    1.0000          II                     2YR                 2Y PP
       2143            15.2500             9.2500                    1.0000          II                     2YR                 2Y PP
       2144             0.0000             0.0000                    0.0000          II                                         3Y PP
       2145            15.1500             9.1500                    1.0000          II                     2YR                 2Y PP
       2146            13.4000             7.4000                    1.0000          II                     2YR                 2Y PP
       2147            14.3500             8.3500                    1.0000          II                     3YR                 3Y PP
       2148            13.9500             7.9500                    1.0000          II                     2YR                 2Y PP
       2149            13.9000             7.9000                    1.0000          II                     2YR                 2Y PP
       2150             0.0000             0.0000                    0.0000          II                                         No PP
       2151            15.8500             9.8500                    1.0000          II                     2YR                 1Y PP
       2152            15.7000             9.7000                    1.0000          II                     2YR                 No PP
       2153            15.1500             9.1500                    1.0000          II                     2YR                 2Y PP
       2154            14.8500             8.8500                    1.0000          II                     2YR                 2Y PP
       2155            15.9500             9.9500                    1.0000          II                     2YR                 2Y PP
       2156            13.8500             7.8500                    1.0000          II                     2YR                 No PP
       2157            14.5500             8.5500                    1.0000          II                     2YR                 3Y PP
       2158            14.5500             8.5500                    1.0000          II                     2YR                 2Y PP
       2159            14.6000             8.6000                    1.0000          II                     3YR                 No PP
       2160            15.5500             9.5500                    1.0000          II                     2YR                 2Y PP
       2161             0.0000             0.0000                    0.0000          II                                         1Y PP
       2162            15.9500             9.9500                    1.0000          II                     3YR                 3Y PP
       2163            14.2250             8.2250                    1.0000          II                     2YR                 2Y PP
       2164            14.7000             8.7000                    1.0000          II                     3YR                 3Y PP
       2165            13.3500             7.3500                    1.0000          II                     2YR                 2Y PP
       2166            13.3000             7.3000                    1.0000          II                     3YR                 No PP
       2167            14.9500             8.9500                    1.0000          II                     2YR                 No PP
       2168            14.9500             8.9500                    1.0000          II                     2YR                 2Y PP
       2169            13.5500             7.5500                    1.0000          II                     2YR                 2Y PP
       2170            15.1500             9.1500                    1.0000          II                     3YR                 3Y PP
       2171            16.2500            10.2500                    1.0000          II                     2YR                 No PP
       2172            14.7500             8.7500                    1.0000          II                     2YR                 2Y PP
       2173            14.4000             8.4000                    1.0000          II                     2YR                 No PP
       2174            13.1000             7.1000                    1.0000          II                     2YR                 2Y PP
       2175            13.8500             7.8500                    1.0000          II                     3YR                 No PP
       2176            14.0000             8.0000                    1.0000          II                     2YR                 2Y PP
       2177            14.5000             8.5000                    1.0000          II                     3YR                 3Y PP

                     LIEN                 BALLOON             AMORT_TERM1              IO_FLAG       IO_PERIOD                SELLER
--------------------------------------------------------------------------------------------------------------------------------------
          1       First Lien                No                    360                    NO          NON-IO                    EMC
          2       First Lien                No                    360                    NO          NON-IO                    EMC
          3       First Lien                No                    480                    NO          NON-IO                    EMC
          4       First Lien                No                    360                    YES         5 YEARS                   EMC
          5       First Lien                No                    480                    NO          NON-IO                    EMC
          6       First Lien                No                    480                    NO          NON-IO                    EMC
          7       First Lien                No                    360                    NO          NON-IO                    EMC
          8       First Lien                No                    360                    NO          NON-IO                    EMC
          9       First Lien                No                    480                    NO          NON-IO                    EMC
         10       First Lien                No                    360                    NO          NON-IO                    EMC
         11       First Lien                No                    360                    NO          NON-IO                    EMC
         12       First Lien                No                    360                    YES         5 YEARS                   EMC
         13       First Lien                No                    360                    NO          NON-IO                    EMC
         14       First Lien                No                    360                    NO          NON-IO                    EMC
         15       First Lien                No                    360                    NO          NON-IO                    EMC
         16       First Lien                No                    360                    NO          NON-IO                    EMC
         17       First Lien                No                    360                    NO          NON-IO                    EMC
         18       First Lien                No                    360                    YES         5 YEARS                   EMC
         19       First Lien                No                    360                    NO          NON-IO                    EMC
         20       First Lien                No                    480                    NO          NON-IO                    EMC
         21       First Lien                No                    360                    NO          NON-IO                    EMC
         22       First Lien                No                    480                    NO          NON-IO                    EMC
         23       First Lien                No                    360                    NO          NON-IO                    EMC
         24       First Lien                No                    360                    NO          NON-IO                    EMC
         25       First Lien                No                    360                    NO          NON-IO                    EMC
         26       First Lien                No                    360                    NO          NON-IO                    EMC
         27       First Lien                No                    360                    NO          NON-IO                    EMC
         28       First Lien                No                    360                    NO          NON-IO                    EMC
         29       First Lien                No                    360                    YES         5 YEARS                   EMC
         30       First Lien                No                    480                    NO          NON-IO                    EMC
         31       First Lien                No                    360                    NO          NON-IO                    EMC
         32       First Lien                No                    360                    NO          NON-IO                    EMC
         33       First Lien                No                    360                    NO          NON-IO                    EMC
         34       First Lien                No                    360                    NO          NON-IO                    EMC
         35       First Lien                No                    360                    NO          NON-IO                    EMC
         36       First Lien                No                    480                    NO          NON-IO                    EMC
         37       First Lien                No                    360                    YES         5 YEARS                   EMC
         38       First Lien                No                    360                    NO          NON-IO                    EMC
         39       First Lien                No                    360                    YES         5 YEARS                   EMC
         40       First Lien                No                    360                    NO          NON-IO                    EMC
         41       First Lien                No                    360                    NO          NON-IO                    EMC
         42       First Lien                No                    360                    NO          NON-IO                    EMC
         43       First Lien                No                    360                    NO          NON-IO                    EMC
         44       First Lien                No                    360                    YES         5 YEARS                   EMC
         45       First Lien                No                    360                    NO          NON-IO                    EMC
         46       First Lien                No                    360                    NO          NON-IO                    EMC
         47       First Lien                No                    360                    YES         5 YEARS                   EMC
         48       First Lien                No                    360                    NO          NON-IO                    EMC
         49       First Lien                No                    360                    NO          NON-IO                    EMC
         50       First Lien                No                    360                    NO          NON-IO                    EMC
         51       First Lien                No                    360                    NO          NON-IO                    EMC
         52       First Lien                No                    360                    NO          NON-IO                    EMC
         53       First Lien                No                    360                    NO          NON-IO                    EMC
         54       First Lien                No                    360                    NO          NON-IO                    EMC
         55       First Lien                No                    360                    NO          NON-IO                    EMC
         56       First Lien                No                    360                    NO          NON-IO                    EMC
         57       First Lien                No                    360                    NO          NON-IO                    EMC
         58       First Lien                No                    360                    NO          NON-IO                    EMC
         59       First Lien                No                    360                    NO          NON-IO                    EMC
         60       First Lien                No                    360                    NO          NON-IO                    EMC
         61       First Lien                No                    480                    NO          NON-IO                    EMC
         62       First Lien                No                    360                    NO          NON-IO                    EMC
         63       First Lien                No                    360                    YES         5 YEARS                   EMC
         64       First Lien                No                    240                    NO          NON-IO                    EMC
         65       First Lien                No                    360                    NO          NON-IO                    EMC
         66       First Lien                No                    360                    NO          NON-IO                    EMC
         67       First Lien                No                    360                    NO          NON-IO                    EMC
         68       First Lien                No                    360                    NO          NON-IO                    EMC
         69       First Lien                No                    360                    NO          NON-IO                    EMC
         70       First Lien                No                    360                    NO          NON-IO                    EMC
         71       First Lien                No                    360                    NO          NON-IO                    EMC
         72       First Lien                No                    360                    NO          NON-IO                    EMC
         73       First Lien                No                    360                    NO          NON-IO                    EMC
         74       First Lien                No                    360                    NO          NON-IO                    EMC
         75       First Lien                No                    360                    NO          NON-IO                    EMC
         76       First Lien                No                    360                    YES         5 YEARS                   EMC
         77       First Lien                No                    360                    YES         5 YEARS                   EMC
         78       First Lien                No                    360                    NO          NON-IO                    EMC
         79       First Lien                No                    360                    NO          NON-IO                    EMC
         80       First Lien                No                    480                    NO          NON-IO                    EMC
         81       First Lien                No                    360                    NO          NON-IO                    EMC
         82       First Lien                No                    360                    NO          NON-IO                    EMC
         83       First Lien                No                    360                    YES         5 YEARS                   EMC
         84       First Lien                No                    480                    NO          NON-IO                    EMC
         85       First Lien                No                    480                    NO          NON-IO                    EMC
         86       First Lien                No                    360                    NO          NON-IO                    EMC
         87       First Lien                No                    480                    NO          NON-IO                    EMC
         88       First Lien                No                    360                    NO          NON-IO                    EMC
         89       First Lien                No                    360                    NO          NON-IO                    EMC
         90       First Lien                No                    360                    NO          NON-IO                    EMC
         91       First Lien                No                    360                    NO          NON-IO                    EMC
         92       First Lien                No                    360                    NO          NON-IO                    EMC
         93       First Lien                No                    360                    NO          NON-IO                    EMC
         94       First Lien                No                    360                    NO          NON-IO                    EMC
         95       First Lien                No                    180                    NO          NON-IO                    EMC
         96       First Lien                No                    480                    NO          NON-IO                    EMC
         97       First Lien                No                    360                    NO          NON-IO                    EMC
         98       First Lien                No                    360                    NO          NON-IO                    EMC
         99       First Lien                No                    360                    NO          NON-IO                    EMC
        100       First Lien                No                    480                    NO          NON-IO                    EMC
        101       First Lien                No                    360                    NO          NON-IO                    EMC
        102       Second Lien               No                    360                    NO          NON-IO                    EMC
        103       First Lien                No                    360                    NO          NON-IO                    EMC
        104       First Lien                No                    480                    NO          NON-IO                    EMC
        105       First Lien                No                    480                    NO          NON-IO                    EMC
        106       Second Lien               No                    360                    NO          NON-IO                    EMC
        107       First Lien                No                    360                    NO          NON-IO                    EMC
        108       First Lien                No                    360                    NO          NON-IO                    EMC
        109       First Lien                No                    480                    NO          NON-IO                    EMC
        110       First Lien                No                    360                    NO          NON-IO                    EMC
        111       First Lien                No                    480                    NO          NON-IO                    EMC
        112       First Lien                No                    480                    NO          NON-IO                    EMC
        113       First Lien                No                    360                    NO          NON-IO                    EMC
        114       First Lien                No                    480                    NO          NON-IO                    EMC
        115       First Lien                No                    360                    NO          NON-IO                    EMC
        116       First Lien                No                    360                    NO          NON-IO                    EMC
        117       First Lien                No                    360                    NO          NON-IO                    EMC
        118       First Lien                No                    360                    NO          NON-IO                    EMC
        119       First Lien                No                    360                    NO          NON-IO                    EMC
        120       Second Lien               No                    360                    NO          NON-IO                    EMC
        121       First Lien                No                    360                    NO          NON-IO                    EMC
        122       First Lien                No                    480                    NO          NON-IO                    EMC
        123       First Lien                No                    360                    NO          NON-IO                    EMC
        124       First Lien                No                    360                    YES         5 YEARS                   EMC
        125       Second Lien               No                    360                    NO          NON-IO                    EMC
        126       First Lien                No                    480                    NO          NON-IO                    EMC
        127       First Lien                No                    360                    NO          NON-IO                    EMC
        128       First Lien                No                    360                    YES         5 YEARS                   EMC
        129       First Lien                No                    360                    NO          NON-IO                    EMC
        130       First Lien                No                    480                    NO          NON-IO                    EMC
        131       First Lien                No                    360                    NO          NON-IO                    EMC
        132       First Lien                No                    480                    NO          NON-IO                    EMC
        133       First Lien                No                    360                    NO          NON-IO                    EMC
        134       First Lien                No                    360                    NO          NON-IO                    EMC
        135       First Lien                No                    480                    NO          NON-IO                    EMC
        136       First Lien                No                    480                    NO          NON-IO                    EMC
        137       Second Lien               No                    360                    NO          NON-IO                    EMC
        138       First Lien                No                    360                    NO          NON-IO                    EMC
        139       First Lien                No                    360                    NO          NON-IO                    EMC
        140       First Lien                No                    360                    YES         5 YEARS                   EMC
        141       Second Lien               No                    360                    NO          NON-IO                    EMC
        142       First Lien                No                    360                    YES         5 YEARS                   EMC
        143       First Lien                No                    360                    NO          NON-IO                    EMC
        144       First Lien                No                    360                    NO          NON-IO                    EMC
        145       First Lien                No                    360                    NO          NON-IO                    EMC
        146       First Lien                No                    360                    YES         5 YEARS                   EMC
        147       First Lien                No                    480                    NO          NON-IO                    EMC
        148       First Lien                No                    360                    YES         5 YEARS                   EMC
        149       First Lien                No                    360                    NO          NON-IO                    EMC
        150       First Lien                No                    480                    NO          NON-IO                    EMC
        151       First Lien                No                    360                    NO          NON-IO                    EMC
        152       First Lien                No                    300                    NO          NON-IO                    EMC
        153       First Lien                No                    180                    NO          NON-IO                    EMC
        154       First Lien                No                    360                    YES         5 YEARS                   EMC
        155       First Lien                No                    360                    NO          NON-IO                    EMC
        156       First Lien                No                    360                    NO          NON-IO                    EMC
        157       First Lien                No                    360                    YES         5 YEARS                   EMC
        158       Second Lien               No                    360                    NO          NON-IO                    EMC
        159       First Lien                No                    360                    NO          NON-IO                    EMC
        160       First Lien                No                    360                    NO          NON-IO                    EMC
        161       First Lien                No                    480                    NO          NON-IO                    EMC
        162       First Lien                No                    360                    NO          NON-IO                    EMC
        163       First Lien                No                    360                    YES         5 YEARS                   EMC
        164       First Lien                No                    480                    NO          NON-IO                    EMC
        165       First Lien                No                    480                    NO          NON-IO                    EMC
        166       First Lien                No                    360                    NO          NON-IO                    EMC
        167       First Lien                No                    480                    NO          NON-IO                    EMC
        168       First Lien                No                    360                    NO          NON-IO                    EMC
        169       First Lien                No                    360                    NO          NON-IO                    EMC
        170       First Lien                No                    360                    NO          NON-IO                    EMC
        171       First Lien                No                    360                    NO          NON-IO                    EMC
        172       First Lien                No                    360                    NO          NON-IO                    EMC
        173       First Lien                No                    360                    NO          NON-IO                    EMC
        174       First Lien                No                    480                    NO          NON-IO                    EMC
        175       First Lien                No                    480                    NO          NON-IO                    EMC
        176       First Lien                No                    360                    YES         5 YEARS                   EMC
        177       First Lien                No                    360                    NO          NON-IO                    EMC
        178       First Lien                No                    360                    NO          NON-IO                    EMC
        179       First Lien                No                    480                    NO          NON-IO                    EMC
        180       First Lien                No                    480                    NO          NON-IO                    EMC
        181       First Lien                No                    360                    NO          NON-IO                    EMC
        182       First Lien                No                    480                    NO          NON-IO                    EMC
        183       First Lien                No                    480                    NO          NON-IO                    EMC
        184       First Lien                No                    360                    NO          NON-IO                    EMC
        185       First Lien                No                    360                    NO          NON-IO                    EMC
        186       First Lien                No                    360                    NO          NON-IO                    EMC
        187       First Lien                No                    360                    NO          NON-IO                    EMC
        188       First Lien                No                    360                    NO          NON-IO                    EMC
        189       First Lien                No                    360                    NO          NON-IO                    EMC
        190       First Lien                No                    360                    NO          NON-IO                    EMC
        191       First Lien                No                    360                    NO          NON-IO                    EMC
        192       First Lien                No                    360                    YES         5 YEARS                   EMC
        193       First Lien                No                    360                    NO          NON-IO                    EMC
        194       First Lien                No                    360                    NO          NON-IO                    EMC
        195       Second Lien               No                    360                    NO          NON-IO                    EMC
        196       First Lien                No                    360                    NO          NON-IO                    EMC
        197       First Lien                No                    480                    NO          NON-IO                    EMC
        198       First Lien                No                    360                    NO          NON-IO                    EMC
        199       First Lien                No                    360                    NO          NON-IO                    EMC
        200       First Lien                No                    480                    NO          NON-IO                    EMC
        201       First Lien                No                    360                    YES         5 YEARS                   EMC
        202       First Lien                No                    360                    NO          NON-IO                    EMC
        203       First Lien                No                    360                    NO          NON-IO                    EMC
        204       First Lien                No                    360                    NO          NON-IO                    EMC
        205       First Lien                No                    360                    NO          NON-IO                    EMC
        206       First Lien                No                    360                    NO          NON-IO                    EMC
        207       First Lien                No                    360                    NO          NON-IO                    EMC
        208       First Lien                No                    480                    NO          NON-IO                    EMC
        209       First Lien                No                    360                    NO          NON-IO                    EMC
        210       First Lien                No                    480                    NO          NON-IO                    EMC
        211       First Lien                No                    360                    NO          NON-IO                    EMC
        212       First Lien                No                    480                    NO          NON-IO                    EMC
        213       First Lien                No                    360                    NO          NON-IO                    EMC
        214       First Lien                No                    360                    NO          NON-IO                    EMC
        215       First Lien                No                    360                    YES         5 YEARS                   EMC
        216       Second Lien               No                    360                    NO          NON-IO                    EMC
        217       First Lien                No                    360                    YES         5 YEARS                   EMC
        218       First Lien                No                    360                    NO          NON-IO                    EMC
        219       First Lien                No                    360                    NO          NON-IO                    EMC
        220       First Lien                No                    360                    NO          NON-IO                    EMC
        221       First Lien                No                    360                    NO          NON-IO                    EMC
        222       First Lien                No                    480                    NO          NON-IO                    EMC
        223       First Lien                No                    360                    YES         5 YEARS                   EMC
        224       First Lien                No                    360                    NO          NON-IO                    EMC
        225       First Lien                No                    360                    NO          NON-IO                    EMC
        226       Second Lien               No                    360                    NO          NON-IO                    EMC
        227       First Lien                No                    360                    YES         5 YEARS                   EMC
        228       First Lien                No                    360                    NO          NON-IO                    EMC
        229       First Lien                No                    360                    NO          NON-IO                    EMC
        230       First Lien                No                    360                    YES         5 YEARS                   EMC
        231       First Lien                No                    360                    NO          NON-IO                    EMC
        232       First Lien                No                    480                    NO          NON-IO                    EMC
        233       First Lien                No                    480                    NO          NON-IO                    EMC
        234       First Lien                No                    360                    NO          NON-IO                    EMC
        235       First Lien                No                    360                    NO          NON-IO                    EMC
        236       First Lien                No                    360                    NO          NON-IO                    EMC
        237       First Lien                No                    360                    NO          NON-IO                    EMC
        238       First Lien                No                    360                    NO          NON-IO                    EMC
        239       First Lien                No                    360                    NO          NON-IO                    EMC
        240       First Lien                No                    360                    NO          NON-IO                    EMC
        241       First Lien                No                    360                    NO          NON-IO                    EMC
        242       First Lien                No                    480                    NO          NON-IO                    EMC
        243       First Lien                No                    360                    NO          NON-IO                    EMC
        244       First Lien                No                    480                    NO          NON-IO                    EMC
        245       First Lien                No                    360                    NO          NON-IO                    EMC
        246       First Lien                No                    360                    NO          NON-IO                    EMC
        247       First Lien                No                    480                    NO          NON-IO                    EMC
        248       First Lien                No                    360                    NO          NON-IO                    EMC
        249       First Lien                No                    360                    NO          NON-IO                    EMC
        250       First Lien                No                    480                    NO          NON-IO                    EMC
        251       First Lien                No                    360                    NO          NON-IO                    EMC
        252       First Lien                No                    360                    NO          NON-IO                    EMC
        253       First Lien                No                    360                    NO          NON-IO                    EMC
        254       First Lien                No                    360                    YES         5 YEARS                   EMC
        255       First Lien                No                    360                    NO          NON-IO                    EMC
        256       First Lien                No                    360                    NO          NON-IO                    EMC
        257       First Lien                No                    360                    NO          NON-IO                    EMC
        258       First Lien                No                    360                    YES         5 YEARS                   EMC
        259       First Lien                No                    360                    YES         5 YEARS                   EMC
        260       First Lien                No                    480                    NO          NON-IO                    EMC
        261       First Lien                No                    360                    NO          NON-IO                    EMC
        262       First Lien                No                    480                    NO          NON-IO                    EMC
        263       First Lien                No                    360                    NO          NON-IO                    EMC
        264       First Lien                No                    360                    NO          NON-IO                    EMC
        265       First Lien                No                    360                    NO          NON-IO                    EMC
        266       First Lien                No                    360                    NO          NON-IO                    EMC
        267       First Lien                No                    360                    NO          NON-IO                    EMC
        268       First Lien                No                    360                    NO          NON-IO                    EMC
        269       First Lien                No                    360                    NO          NON-IO                    EMC
        270       First Lien                No                    360                    NO          NON-IO                    EMC
        271       First Lien                No                    360                    NO          NON-IO                    EMC
        272       First Lien                No                    360                    NO          NON-IO                    EMC
        273       First Lien                No                    360                    NO          NON-IO                    EMC
        274       First Lien                No                    360                    NO          NON-IO                    EMC
        275       First Lien                No                    360                    YES         5 YEARS                   EMC
        276       First Lien                No                    360                    NO          NON-IO                    EMC
        277       First Lien                No                    360                    NO          NON-IO                    EMC
        278       First Lien                No                    360                    NO          NON-IO                    EMC
        279       First Lien                No                    360                    NO          NON-IO                    EMC
        280       First Lien                No                    480                    NO          NON-IO                    EMC
        281       First Lien                No                    360                    NO          NON-IO                    EMC
        282       First Lien                No                    360                    NO          NON-IO                    EMC
        283       Second Lien               No                    360                    NO          NON-IO                    EMC
        284       First Lien                No                    360                    NO          NON-IO                    EMC
        285       First Lien                No                    360                    NO          NON-IO                    EMC
        286       First Lien                No                    360                    NO          NON-IO                    EMC
        287       First Lien                No                    360                    NO          NON-IO                    EMC
        288       First Lien                No                    360                    YES         5 YEARS                   EMC
        289       First Lien                No                    360                    YES         5 YEARS                   EMC
        290       First Lien                No                    360                    NO          NON-IO                    EMC
        291       First Lien                No                    480                    NO          NON-IO                    EMC
        292       First Lien                No                    480                    NO          NON-IO                    EMC
        293       First Lien                No                    480                    NO          NON-IO                    EMC
        294       First Lien                No                    360                    NO          NON-IO                    EMC
        295       First Lien                No                    360                    NO          NON-IO                    EMC
        296       First Lien                No                    360                    YES         5 YEARS                   EMC
        297       First Lien                No                    360                    NO          NON-IO                    EMC
        298       First Lien                No                    360                    NO          NON-IO                    EMC
        299       First Lien                No                    360                    YES         5 YEARS                   EMC
        300       First Lien                No                    360                    NO          NON-IO                    EMC
        301       First Lien                No                    480                    NO          NON-IO                    EMC
        302       First Lien                No                    360                    NO          NON-IO                    EMC
        303       First Lien                No                    360                    NO          NON-IO                    EMC
        304       First Lien                No                    360                    NO          NON-IO                    EMC
        305       First Lien                No                    360                    NO          NON-IO                    EMC
        306       First Lien                No                    360                    NO          NON-IO                    EMC
        307       First Lien                No                    480                    NO          NON-IO                    EMC
        308       First Lien                No                    360                    NO          NON-IO                    EMC
        309       First Lien                No                    360                    NO          NON-IO                    EMC
        310       First Lien                No                    360                    YES         5 YEARS                   EMC
        311       First Lien                No                    360                    NO          NON-IO                    EMC
        312       First Lien                No                    360                    NO          NON-IO                    EMC
        313       First Lien                No                    480                    NO          NON-IO                    EMC
        314       First Lien                No                    480                    NO          NON-IO                    EMC
        315       First Lien                No                    360                    NO          NON-IO                    EMC
        316       First Lien                No                    360                    NO          NON-IO                    EMC
        317       First Lien                No                    360                    YES         5 YEARS                   EMC
        318       Second Lien               No                    360                    NO          NON-IO                    EMC
        319       First Lien                No                    360                    NO          NON-IO                    EMC
        320       First Lien                No                    360                    NO          NON-IO                    EMC
        321       First Lien                No                    360                    YES         5 YEARS                   EMC
        322       First Lien                No                    360                    NO          NON-IO                    EMC
        323       First Lien                No                    480                    NO          NON-IO                    EMC
        324       First Lien                No                    360                    NO          NON-IO                    EMC
        325       First Lien                No                    360                    NO          NON-IO                    EMC
        326       First Lien                No                    360                    YES         5 YEARS                   EMC
        327       First Lien                No                    360                    NO          NON-IO                    EMC
        328       First Lien                No                    480                    NO          NON-IO                    EMC
        329       First Lien                No                    360                    NO          NON-IO                    EMC
        330       First Lien                No                    360                    NO          NON-IO                    EMC
        331       First Lien                No                    360                    NO          NON-IO                    EMC
        332       First Lien                No                    360                    NO          NON-IO                    EMC
        333       First Lien                No                    480                    NO          NON-IO                    EMC
        334       First Lien                No                    360                    NO          NON-IO                    EMC
        335       First Lien                No                    360                    YES         5 YEARS                   EMC
        336       First Lien                No                    360                    NO          NON-IO                    EMC
        337       First Lien                No                    360                    YES         5 YEARS                   EMC
        338       First Lien                No                    360                    NO          NON-IO                    EMC
        339       First Lien                No                    360                    NO          NON-IO                    EMC
        340       First Lien                No                    360                    NO          NON-IO                    EMC
        341       First Lien                No                    480                    NO          NON-IO                    EMC
        342       First Lien                No                    360                    NO          NON-IO                    EMC
        343       First Lien                No                    360                    NO          NON-IO                    EMC
        344       First Lien                No                    360                    NO          NON-IO                    EMC
        345       First Lien                No                    360                    NO          NON-IO                    EMC
        346       First Lien                No                    360                    NO          NON-IO                    EMC
        347       First Lien                No                    360                    NO          NON-IO                    EMC
        348       First Lien                No                    480                    NO          NON-IO                    EMC
        349       First Lien                No                    480                    NO          NON-IO                    EMC
        350       First Lien                No                    360                    YES         5 YEARS                   EMC
        351       First Lien                No                    360                    YES         5 YEARS                   EMC
        352       Second Lien               No                    360                    NO          NON-IO                    EMC
        353       First Lien                No                    360                    NO          NON-IO                    EMC
        354       First Lien                No                    480                    NO          NON-IO                    EMC
        355       First Lien                No                    360                    NO          NON-IO                    EMC
        356       First Lien                No                    480                    NO          NON-IO                    EMC
        357       First Lien                No                    360                    YES         5 YEARS                   EMC
        358       First Lien                No                    360                    NO          NON-IO                    EMC
        359       First Lien                No                    360                    NO          NON-IO                    EMC
        360       First Lien                No                    360                    NO          NON-IO                    EMC
        361       First Lien                No                    360                    NO          NON-IO                    EMC
        362       First Lien                No                    360                    NO          NON-IO                    EMC
        363       First Lien                No                    480                    NO          NON-IO                    EMC
        364       First Lien                No                    360                    NO          NON-IO                    EMC
        365       First Lien                No                    360                    NO          NON-IO                    EMC
        366       First Lien                No                    480                    NO          NON-IO                    EMC
        367       First Lien                No                    360                    NO          NON-IO                    EMC
        368       First Lien                No                    480                    NO          NON-IO                    EMC
        369       First Lien                No                    360                    NO          NON-IO                    EMC
        370       First Lien                No                    480                    NO          NON-IO                    EMC
        371       Second Lien               No                    360                    NO          NON-IO                    EMC
        372       First Lien                No                    360                    NO          NON-IO                    EMC
        373       First Lien                No                    480                    NO          NON-IO                    EMC
        374       First Lien                No                    360                    NO          NON-IO                    EMC
        375       First Lien                No                    360                    NO          NON-IO                    EMC
        376       First Lien                No                    360                    NO          NON-IO                    EMC
        377       First Lien                No                    360                    NO          NON-IO                    EMC
        378       First Lien                No                    360                    NO          NON-IO                    EMC
        379       First Lien                No                    480                    NO          NON-IO                    EMC
        380       First Lien                No                    480                    NO          NON-IO                    EMC
        381       First Lien                No                    360                    NO          NON-IO                    EMC
        382       First Lien                No                    480                    NO          NON-IO                    EMC
        383       First Lien                No                    360                    NO          NON-IO                    EMC
        384       First Lien                No                    360                    NO          NON-IO                    EMC
        385       First Lien                No                    480                    NO          NON-IO                    EMC
        386       Second Lien               No                    360                    NO          NON-IO                    EMC
        387       First Lien                No                    360                    NO          NON-IO                    EMC
        388       First Lien                No                    360                    YES         5 YEARS                   EMC
        389       First Lien                No                    360                    NO          NON-IO                    EMC
        390       Second Lien               No                    360                    NO          NON-IO                    EMC
        391       First Lien                No                    360                    YES         5 YEARS                   EMC
        392       First Lien                No                    360                    NO          NON-IO                    EMC
        393       First Lien                No                    360                    NO          NON-IO                    EMC
        394       First Lien                No                    360                    NO          NON-IO                    EMC
        395       First Lien                No                    360                    NO          NON-IO                    EMC
        396       First Lien                No                    360                    NO          NON-IO                    EMC
        397       First Lien                No                    360                    NO          NON-IO                    EMC
        398       Second Lien               No                    360                    NO          NON-IO                    EMC
        399       First Lien                No                    360                    NO          NON-IO                    EMC
        400       First Lien                No                    360                    NO          NON-IO                    EMC
        401       First Lien                No                    360                    YES         5 YEARS                   EMC
        402       Second Lien               No                    360                    NO          NON-IO                    EMC
        403       First Lien                No                    480                    NO          NON-IO                    EMC
        404       First Lien                No                    360                    YES         5 YEARS                   EMC
        405       First Lien                No                    480                    NO          NON-IO                    EMC
        406       First Lien                No                    360                    NO          NON-IO                    EMC
        407       First Lien                No                    360                    NO          NON-IO                    EMC
        408       First Lien                No                    360                    YES         5 YEARS                   EMC
        409       First Lien                No                    360                    NO          NON-IO                    EMC
        410       First Lien                No                    360                    NO          NON-IO                    EMC
        411       First Lien                No                    480                    NO          NON-IO                    EMC
        412       First Lien                No                    360                    YES         5 YEARS                   EMC
        413       First Lien                No                    480                    NO          NON-IO                    EMC
        414       First Lien                No                    360                    NO          NON-IO                    EMC
        415       First Lien                No                    360                    NO          NON-IO                    EMC
        416       First Lien                No                    360                    NO          NON-IO                    EMC
        417       First Lien                No                    360                    NO          NON-IO                    EMC
        418       First Lien                No                    360                    NO          NON-IO                    EMC
        419       First Lien                No                    360                    NO          NON-IO                    EMC
        420       First Lien                No                    480                    NO          NON-IO                    EMC
        421       First Lien                No                    360                    NO          NON-IO                    EMC
        422       First Lien                No                    240                    NO          NON-IO                    EMC
        423       First Lien                No                    360                    NO          NON-IO                    EMC
        424       First Lien                No                    360                    NO          NON-IO                    EMC
        425       First Lien                No                    360                    NO          NON-IO                    EMC
        426       First Lien                No                    360                    NO          NON-IO                    EMC
        427       First Lien                No                    360                    NO          NON-IO                    EMC
        428       First Lien                No                    360                    NO          NON-IO                    EMC
        429       First Lien                No                    360                    NO          NON-IO                    EMC
        430       First Lien                No                    360                    NO          NON-IO                    EMC
        431       First Lien                No                    360                    NO          NON-IO                    EMC
        432       First Lien                No                    360                    NO          NON-IO                    EMC
        433       First Lien                No                    360                    NO          NON-IO                    EMC
        434       First Lien                No                    360                    NO          NON-IO                    EMC
        435       First Lien                No                    360                    YES         5 YEARS                   EMC
        436       First Lien                No                    360                    NO          NON-IO                    EMC
        437       First Lien                No                    360                    NO          NON-IO                    EMC
        438       First Lien                No                    360                    YES         5 YEARS                   EMC
        439       First Lien                No                    360                    NO          NON-IO                    EMC
        440       First Lien                No                    360                    YES         5 YEARS                   EMC
        441       First Lien                No                    480                    NO          NON-IO                    EMC
        442       First Lien                No                    480                    NO          NON-IO                    EMC
        443       First Lien                No                    360                    NO          NON-IO                    EMC
        444       First Lien                No                    360                    YES         5 YEARS                   EMC
        445       First Lien                No                    360                    YES         5 YEARS                   EMC
        446       First Lien                No                    360                    NO          NON-IO                    EMC
        447       First Lien                No                    360                    NO          NON-IO                    EMC
        448       First Lien                No                    360                    NO          NON-IO                    EMC
        449       First Lien                No                    360                    YES         5 YEARS                   EMC
        450       Second Lien               No                    360                    NO          NON-IO                    EMC
        451       First Lien                No                    360                    NO          NON-IO                    EMC
        452       First Lien                No                    360                    NO          NON-IO                    EMC
        453       First Lien                No                    360                    NO          NON-IO                    EMC
        454       First Lien                No                    360                    NO          NON-IO                    EMC
        455       First Lien                No                    360                    NO          NON-IO                    EMC
        456       First Lien                No                    360                    NO          NON-IO                    EMC
        457       First Lien                No                    180                    NO          NON-IO                    EMC
        458       First Lien                No                    120                    NO          NON-IO                    EMC
        459       First Lien                No                    360                    NO          NON-IO                    EMC
        460       First Lien                No                    360                    YES         5 YEARS                   EMC
        461       First Lien                No                    360                    NO          NON-IO                    EMC
        462       First Lien                No                    480                    NO          NON-IO                    EMC
        463       First Lien                No                    360                    NO          NON-IO                    EMC
        464       First Lien                No                    360                    NO          NON-IO                    EMC
        465       First Lien                No                    360                    NO          NON-IO                    EMC
        466       First Lien                No                    360                    YES         5 YEARS                   EMC
        467       First Lien                No                    360                    NO          NON-IO                    EMC
        468       First Lien                No                    360                    NO          NON-IO                    EMC
        469       First Lien                No                    480                    NO          NON-IO                    EMC
        470       Second Lien               No                    360                    NO          NON-IO                    EMC
        471       First Lien                No                    360                    NO          NON-IO                    EMC
        472       First Lien                No                    360                    NO          NON-IO                    EMC
        473       First Lien                No                    360                    NO          NON-IO                    EMC
        474       Second Lien               No                    360                    NO          NON-IO                    EMC
        475       First Lien                No                    480                    NO          NON-IO                    EMC
        476       First Lien                No                    360                    NO          NON-IO                    EMC
        477       First Lien                No                    360                    NO          NON-IO                    EMC
        478       First Lien                No                    360                    YES         5 YEARS                   EMC
        479       First Lien                No                    360                    YES         5 YEARS                   EMC
        480       First Lien                No                    480                    NO          NON-IO                    EMC
        481       First Lien                No                    360                    NO          NON-IO                    EMC
        482       First Lien                No                    360                    YES         5 YEARS                   EMC
        483       First Lien                No                    360                    NO          NON-IO                    EMC
        484       First Lien                No                    360                    YES         5 YEARS                   EMC
        485       First Lien                No                    180                    NO          NON-IO                    EMC
        486       First Lien                No                    360                    NO          NON-IO                    EMC
        487       First Lien                No                    360                    NO          NON-IO                    EMC
        488       First Lien                No                    360                    NO          NON-IO                    EMC
        489       First Lien                No                    360                    NO          NON-IO                    EMC
        490       First Lien                No                    360                    NO          NON-IO                    EMC
        491       First Lien                No                    360                    YES         5 YEARS                   EMC
        492       Second Lien               No                    360                    NO          NON-IO                    EMC
        493       First Lien                No                    360                    NO          NON-IO                    EMC
        494       First Lien                No                    360                    NO          NON-IO                    EMC
        495       First Lien                No                    360                    YES         5 YEARS                   EMC
        496       First Lien                No                    360                    NO          NON-IO                    EMC
        497       First Lien                No                    480                    NO          NON-IO                    EMC
        498       First Lien                No                    360                    NO          NON-IO                    EMC
        499       First Lien                No                    360                    NO          NON-IO                    EMC
        500       First Lien                No                    480                    NO          NON-IO                    EMC
        501       First Lien                No                    360                    YES         5 YEARS                   EMC
        502       First Lien                No                    360                    NO          NON-IO                    EMC
        503       First Lien                No                    480                    NO          NON-IO                    EMC
        504       First Lien                No                    360                    NO          NON-IO                    EMC
        505       First Lien                No                    480                    NO          NON-IO                    EMC
        506       First Lien                No                    360                    YES         5 YEARS                   EMC
        507       First Lien                No                    360                    NO          NON-IO                    EMC
        508       First Lien                No                    360                    NO          NON-IO                    EMC
        509       First Lien                No                    360                    YES         5 YEARS                   EMC
        510       First Lien                No                    360                    NO          NON-IO                    EMC
        511       First Lien                No                    360                    NO          NON-IO                    EMC
        512       First Lien                No                    360                    NO          NON-IO                    EMC
        513       First Lien                No                    360                    NO          NON-IO                    EMC
        514       First Lien                No                    360                    YES         5 YEARS                   EMC
        515       First Lien                No                    360                    YES         5 YEARS                   EMC
        516       First Lien                No                    360                    NO          NON-IO                    EMC
        517       First Lien                No                    360                    NO          NON-IO                    EMC
        518       First Lien                No                    480                    NO          NON-IO                    EMC
        519       First Lien                No                    360                    NO          NON-IO                    EMC
        520       First Lien                No                    360                    YES         5 YEARS                   EMC
        521       First Lien                No                    360                    NO          NON-IO                    EMC
        522       First Lien                No                    360                    NO          NON-IO                    EMC
        523       First Lien                No                    360                    YES         5 YEARS                   EMC
        524       First Lien                No                    360                    NO          NON-IO                    EMC
        525       First Lien                No                    360                    NO          NON-IO                    EMC
        526       First Lien                No                    180                    NO          NON-IO                    EMC
        527       First Lien                No                    360                    NO          NON-IO                    EMC
        528       First Lien                No                    360                    NO          NON-IO                    EMC
        529       First Lien                No                    360                    NO          NON-IO                    EMC
        530       First Lien                No                    360                    NO          NON-IO                    EMC
        531       First Lien                No                    360                    NO          NON-IO                    EMC
        532       First Lien                No                    360                    YES         5 YEARS                   EMC
        533       First Lien                No                    360                    YES         5 YEARS                   EMC
        534       First Lien                No                    360                    NO          NON-IO                    EMC
        535       First Lien                No                    360                    NO          NON-IO                    EMC
        536       First Lien                No                    360                    NO          NON-IO                    EMC
        537       First Lien                No                    360                    NO          NON-IO                    EMC
        538       First Lien                No                    360                    NO          NON-IO                    EMC
        539       First Lien                No                    360                    NO          NON-IO                    EMC
        540       First Lien                No                    480                    NO          NON-IO                    EMC
        541       First Lien                No                    360                    NO          NON-IO                    EMC
        542       First Lien                No                    480                    NO          NON-IO                    EMC
        543       First Lien                No                    480                    NO          NON-IO                    EMC
        544       First Lien                No                    360                    NO          NON-IO                    EMC
        545       First Lien                No                    360                    NO          NON-IO                    EMC
        546       First Lien                No                    360                    NO          NON-IO                    EMC
        547       First Lien                No                    360                    NO          NON-IO                    EMC
        548       First Lien                No                    360                    NO          NON-IO                    EMC
        549       First Lien                No                    180                    NO          NON-IO                    EMC
        550       First Lien                No                    360                    NO          NON-IO                    EMC
        551       First Lien                No                    360                    NO          NON-IO                    EMC
        552       First Lien                No                    360                    NO          NON-IO                    EMC
        553       First Lien                No                    480                    NO          NON-IO                    EMC
        554       First Lien                No                    360                    NO          NON-IO                    EMC
        555       First Lien                No                    360                    NO          NON-IO                    EMC
        556       First Lien                No                    360                    NO          NON-IO                    EMC
        557       First Lien                No                    360                    NO          NON-IO                    EMC
        558       First Lien                No                    360                    NO          NON-IO                    EMC
        559       First Lien                No                    360                    NO          NON-IO                    EMC
        560       First Lien                No                    360                    NO          NON-IO                    EMC
        561       First Lien                No                    360                    NO          NON-IO                    EMC
        562       First Lien                No                    360                    NO          NON-IO                    EMC
        563       First Lien                No                    360                    NO          NON-IO                    EMC
        564       First Lien                No                    360                    YES         5 YEARS                   EMC
        565       First Lien                No                    360                    NO          NON-IO                    EMC
        566       First Lien                No                    480                    NO          NON-IO                    EMC
        567       First Lien                No                    360                    YES         5 YEARS                   EMC
        568       First Lien                No                    480                    NO          NON-IO                    EMC
        569       First Lien                No                    360                    NO          NON-IO                    EMC
        570       First Lien                No                    360                    NO          NON-IO                    EMC
        571       First Lien                No                    360                    NO          NON-IO                    EMC
        572       First Lien                No                    480                    NO          NON-IO                    EMC
        573       First Lien                No                    480                    NO          NON-IO                    EMC
        574       First Lien                No                    360                    NO          NON-IO                    EMC
        575       First Lien                No                    360                    NO          NON-IO                    EMC
        576       First Lien                No                    360                    NO          NON-IO                    EMC
        577       First Lien                No                    360                    NO          NON-IO                    EMC
        578       First Lien                No                    360                    YES         5 YEARS                   EMC
        579       First Lien                No                    360                    NO          NON-IO                    EMC
        580       First Lien                No                    360                    NO          NON-IO                    EMC
        581       First Lien                No                    360                    NO          NON-IO                    EMC
        582       Second Lien               No                    360                    NO          NON-IO                    EMC
        583       First Lien                No                    360                    NO          NON-IO                    EMC
        584       First Lien                No                    360                    NO          NON-IO                    EMC
        585       First Lien                No                    360                    NO          NON-IO                    EMC
        586       First Lien                No                    480                    NO          NON-IO                    EMC
        587       First Lien                No                    360                    NO          NON-IO                    EMC
        588       First Lien                No                    360                    NO          NON-IO                    EMC
        589       First Lien                No                    360                    YES         5 YEARS                   EMC
        590       First Lien                No                    360                    YES         5 YEARS                   EMC
        591       First Lien                No                    360                    NO          NON-IO                    EMC
        592       First Lien                No                    360                    NO          NON-IO                    EMC
        593       First Lien                No                    480                    NO          NON-IO                    EMC
        594       First Lien                No                    480                    NO          NON-IO                    EMC
        595       First Lien                No                    360                    NO          NON-IO                    EMC
        596       First Lien                No                    360                    NO          NON-IO                    EMC
        597       First Lien                No                    360                    NO          NON-IO                    EMC
        598       First Lien                No                    480                    NO          NON-IO                    EMC
        599       Second Lien               No                    360                    NO          NON-IO                    EMC
        600       First Lien                No                    480                    NO          NON-IO                    EMC
        601       First Lien                No                    360                    NO          NON-IO                    EMC
        602       First Lien                No                    480                    NO          NON-IO                    EMC
        603       First Lien                No                    360                    NO          NON-IO                    EMC
        604       First Lien                No                    360                    NO          NON-IO                    EMC
        605       First Lien                No                    360                    NO          NON-IO                    EMC
        606       Second Lien               No                    360                    NO          NON-IO                    EMC
        607       First Lien                No                    360                    NO          NON-IO                    EMC
        608       First Lien                No                    360                    YES         5 YEARS                   EMC
        609       First Lien                No                    360                    NO          NON-IO                    EMC
        610       First Lien                No                    480                    NO          NON-IO                    EMC
        611       First Lien                No                    360                    NO          NON-IO                    EMC
        612       Second Lien               No                    360                    NO          NON-IO                    EMC
        613       First Lien                No                    360                    NO          NON-IO                    EMC
        614       First Lien                No                    360                    NO          NON-IO                    EMC
        615       First Lien                No                    360                    NO          NON-IO                    EMC
        616       First Lien                No                    360                    NO          NON-IO                    EMC
        617       First Lien                No                    480                    NO          NON-IO                    EMC
        618       First Lien                No                    360                    NO          NON-IO                    EMC
        619       First Lien                No                    360                    NO          NON-IO                    EMC
        620       First Lien                No                    360                    NO          NON-IO                    EMC
        621       First Lien                No                    360                    NO          NON-IO                    EMC
        622       First Lien                No                    360                    NO          NON-IO                    EMC
        623       First Lien                No                    480                    NO          NON-IO                    EMC
        624       First Lien                No                    360                    NO          NON-IO                    EMC
        625       First Lien                No                    360                    NO          NON-IO                    EMC
        626       First Lien                No                    360                    NO          NON-IO                    EMC
        627       First Lien                No                    480                    NO          NON-IO                    EMC
        628       First Lien                No                    360                    YES         5 YEARS                   EMC
        629       First Lien                No                    360                    NO          NON-IO                    EMC
        630       First Lien                No                    360                    NO          NON-IO                    EMC
        631       First Lien                No                    360                    YES         5 YEARS                   EMC
        632       First Lien                No                    480                    NO          NON-IO                    EMC
        633       First Lien                No                    360                    YES         5 YEARS                   EMC
        634       First Lien                No                    360                    NO          NON-IO                    EMC
        635       First Lien                No                    480                    NO          NON-IO                    EMC
        636       First Lien                No                    480                    NO          NON-IO                    EMC
        637       First Lien                No                    360                    NO          NON-IO                    EMC
        638       First Lien                No                    360                    YES         5 YEARS                   EMC
        639       First Lien                No                    360                    NO          NON-IO                    EMC
        640       First Lien                No                    360                    YES         5 YEARS                   EMC
        641       First Lien                No                    360                    NO          NON-IO                    EMC
        642       First Lien                No                    360                    NO          NON-IO                    EMC
        643       First Lien                No                    360                    NO          NON-IO                    EMC
        644       Second Lien               No                    360                    NO          NON-IO                    EMC
        645       First Lien                No                    360                    NO          NON-IO                    EMC
        646       First Lien                No                    360                    NO          NON-IO                    EMC
        647       First Lien                No                    360                    NO          NON-IO                    EMC
        648       First Lien                No                    360                    NO          NON-IO                    EMC
        649       First Lien                No                    360                    NO          NON-IO                    EMC
        650       First Lien                No                    360                    NO          NON-IO                    EMC
        651       First Lien                No                    360                    NO          NON-IO                    EMC
        652       First Lien                No                    480                    NO          NON-IO                    EMC
        653       First Lien                No                    360                    NO          NON-IO                    EMC
        654       First Lien                No                    360                    NO          NON-IO                    EMC
        655       First Lien                No                    480                    NO          NON-IO                    EMC
        656       First Lien                No                    360                    NO          NON-IO                    EMC
        657       First Lien                No                    360                    YES         5 YEARS                   EMC
        658       First Lien                No                    480                    NO          NON-IO                    EMC
        659       First Lien                No                    360                    NO          NON-IO                    EMC
        660       First Lien                No                    360                    NO          NON-IO                    EMC
        661       First Lien                No                    360                    NO          NON-IO                    EMC
        662       First Lien                No                    360                    NO          NON-IO                    EMC
        663       First Lien                No                    360                    NO          NON-IO                    EMC
        664       First Lien                No                    360                    YES         5 YEARS                   EMC
        665       First Lien                No                    360                    NO          NON-IO                    EMC
        666       First Lien                No                    360                    YES         5 YEARS                   EMC
        667       First Lien                No                    360                    NO          NON-IO                    EMC
        668       First Lien                No                    480                    NO          NON-IO                    EMC
        669       First Lien                No                    480                    NO          NON-IO                    EMC
        670       First Lien                No                    480                    NO          NON-IO                    EMC
        671       First Lien                No                    360                    NO          NON-IO                    EMC
        672       First Lien                No                    360                    NO          NON-IO                    EMC
        673       First Lien                No                    360                    NO          NON-IO                    EMC
        674       First Lien                No                    360                    YES         5 YEARS                   EMC
        675       First Lien                No                    480                    NO          NON-IO                    EMC
        676       First Lien                No                    480                    NO          NON-IO                    EMC
        677       First Lien                No                    360                    NO          NON-IO                    EMC
        678       First Lien                No                    480                    NO          NON-IO                    EMC
        679       First Lien                No                    480                    NO          NON-IO                    EMC
        680       First Lien                No                    360                    NO          NON-IO                    EMC
        681       First Lien                No                    360                    YES         5 YEARS                   EMC
        682       First Lien                No                    360                    NO          NON-IO                    EMC
        683       First Lien                No                    360                    NO          NON-IO                    EMC
        684       First Lien                No                    480                    NO          NON-IO                    EMC
        685       First Lien                No                    360                    NO          NON-IO                    EMC
        686       First Lien                No                    360                    NO          NON-IO                    EMC
        687       First Lien                No                    360                    NO          NON-IO                    EMC
        688       First Lien                No                    360                    NO          NON-IO                    EMC
        689       First Lien                No                    480                    NO          NON-IO                    EMC
        690       First Lien                No                    360                    NO          NON-IO                    EMC
        691       First Lien                No                    360                    YES         5 YEARS                   EMC
        692       First Lien                No                    360                    NO          NON-IO                    EMC
        693       First Lien                No                    360                    NO          NON-IO                    EMC
        694       First Lien                No                    360                    NO          NON-IO                    EMC
        695       First Lien                No                    360                    NO          NON-IO                    EMC
        696       First Lien                No                    360                    NO          NON-IO                    EMC
        697       First Lien                No                    360                    NO          NON-IO                    EMC
        698       First Lien                No                    480                    NO          NON-IO                    EMC
        699       First Lien                No                    480                    NO          NON-IO                    EMC
        700       Second Lien               No                    360                    NO          NON-IO                    EMC
        701       First Lien                No                    360                    NO          NON-IO                    EMC
        702       First Lien                No                    480                    NO          NON-IO                    EMC
        703       First Lien                No                    360                    NO          NON-IO                    EMC
        704       First Lien                No                    360                    NO          NON-IO                    EMC
        705       First Lien                No                    360                    NO          NON-IO                    EMC
        706       First Lien                No                    360                    NO          NON-IO                    EMC
        707       First Lien                No                    480                    NO          NON-IO                    EMC
        708       First Lien                No                    360                    NO          NON-IO                    EMC
        709       First Lien                No                    360                    YES         5 YEARS                   EMC
        710       First Lien                No                    360                    NO          NON-IO                    EMC
        711       First Lien                No                    360                    YES         5 YEARS                   EMC
        712       Second Lien               No                    360                    NO          NON-IO                    EMC
        713       First Lien                No                    480                    NO          NON-IO                    EMC
        714       Second Lien               No                    360                    NO          NON-IO                    EMC
        715       First Lien                No                    480                    NO          NON-IO                    EMC
        716       First Lien                No                    360                    NO          NON-IO                    EMC
        717       First Lien                No                    360                    NO          NON-IO                    EMC
        718       First Lien                No                    480                    NO          NON-IO                    EMC
        719       First Lien                No                    360                    NO          NON-IO                    EMC
        720       First Lien                No                    360                    NO          NON-IO                    EMC
        721       First Lien                No                    360                    NO          NON-IO                    EMC
        722       First Lien                No                    360                    NO          NON-IO                    EMC
        723       First Lien                No                    480                    NO          NON-IO                    EMC
        724       First Lien                No                    360                    YES         5 YEARS                   EMC
        725       First Lien                No                    360                    NO          NON-IO                    EMC
        726       First Lien                No                    360                    NO          NON-IO                    EMC
        727       First Lien                No                    360                    NO          NON-IO                    EMC
        728       First Lien                No                    360                    NO          NON-IO                    EMC
        729       First Lien                No                    360                    NO          NON-IO                    EMC
        730       First Lien                No                    360                    NO          NON-IO                    EMC
        731       First Lien                No                    360                    NO          NON-IO                    EMC
        732       First Lien                No                    360                    NO          NON-IO                    EMC
        733       First Lien                No                    480                    NO          NON-IO                    EMC
        734       First Lien                No                    360                    NO          NON-IO                    EMC
        735       First Lien                No                    360                    NO          NON-IO                    EMC
        736       First Lien                No                    360                    NO          NON-IO                    EMC
        737       First Lien                No                    360                    NO          NON-IO                    EMC
        738       First Lien                No                    360                    NO          NON-IO                    EMC
        739       First Lien                No                    360                    YES         5 YEARS                   EMC
        740       First Lien                No                    360                    NO          NON-IO                    EMC
        741       First Lien                No                    360                    NO          NON-IO                    EMC
        742       First Lien                No                    360                    NO          NON-IO                    EMC
        743       First Lien                No                    360                    NO          NON-IO                    EMC
        744       First Lien                No                    360                    NO          NON-IO                    EMC
        745       First Lien                No                    360                    NO          NON-IO                    EMC
        746       First Lien                No                    360                    NO          NON-IO                    EMC
        747       First Lien                No                    360                    YES         5 YEARS                   EMC
        748       First Lien                No                    480                    NO          NON-IO                    EMC
        749       First Lien                No                    360                    NO          NON-IO                    EMC
        750       First Lien                No                    360                    NO          NON-IO                    EMC
        751       First Lien                No                    360                    YES         5 YEARS                   EMC
        752       First Lien                No                    480                    NO          NON-IO                    EMC
        753       First Lien                No                    480                    NO          NON-IO                    EMC
        754       First Lien                No                    480                    NO          NON-IO                    EMC
        755       Second Lien               No                    360                    NO          NON-IO                    EMC
        756       First Lien                No                    360                    NO          NON-IO                    EMC
        757       First Lien                No                    360                    NO          NON-IO                    EMC
        758       First Lien                No                    360                    NO          NON-IO                    EMC
        759       First Lien                No                    360                    YES         5 YEARS                   EMC
        760       First Lien                No                    360                    NO          NON-IO                    EMC
        761       First Lien                No                    480                    NO          NON-IO                    EMC
        762       First Lien                No                    480                    NO          NON-IO                    EMC
        763       First Lien                No                    360                    YES         5 YEARS                   EMC
        764       First Lien                No                    360                    NO          NON-IO                    EMC
        765       Second Lien               No                    360                    NO          NON-IO                    EMC
        766       First Lien                No                    360                    NO          NON-IO                    EMC
        767       First Lien                No                    360                    NO          NON-IO                    EMC
        768       First Lien                No                    360                    NO          NON-IO                    EMC
        769       First Lien                No                    360                    NO          NON-IO                    EMC
        770       First Lien                No                    480                    NO          NON-IO                    EMC
        771       First Lien                No                    360                    NO          NON-IO                    EMC
        772       First Lien                No                    480                    NO          NON-IO                    EMC
        773       First Lien                No                    480                    NO          NON-IO                    EMC
        774       First Lien                No                    360                    NO          NON-IO                    EMC
        775       First Lien                No                    360                    NO          NON-IO                    EMC
        776       First Lien                No                    360                    NO          NON-IO                    EMC
        777       First Lien                No                    360                    NO          NON-IO                    EMC
        778       First Lien                No                    360                    NO          NON-IO                    EMC
        779       First Lien                No                    360                    NO          NON-IO                    EMC
        780       First Lien                No                    480                    NO          NON-IO                    EMC
        781       First Lien                No                    360                    NO          NON-IO                    EMC
        782       First Lien                No                    480                    NO          NON-IO                    EMC
        783       First Lien                No                    360                    NO          NON-IO                    EMC
        784       First Lien                No                    360                    YES         5 YEARS                   EMC
        785       First Lien                No                    360                    YES         5 YEARS                   EMC
        786       First Lien                No                    480                    NO          NON-IO                    EMC
        787       First Lien                No                    360                    NO          NON-IO                    EMC
        788       First Lien                No                    360                    NO          NON-IO                    EMC
        789       First Lien                No                    360                    NO          NON-IO                    EMC
        790       First Lien                No                    360                    NO          NON-IO                    EMC
        791       First Lien                No                    360                    NO          NON-IO                    EMC
        792       First Lien                No                    360                    NO          NON-IO                    EMC
        793       First Lien                No                    480                    NO          NON-IO                    EMC
        794       First Lien                No                    360                    YES         5 YEARS                   EMC
        795       First Lien                No                    360                    NO          NON-IO                    EMC
        796       First Lien                No                    360                    YES         5 YEARS                   EMC
        797       First Lien                No                    480                    NO          NON-IO                    EMC
        798       First Lien                No                    360                    YES         5 YEARS                   EMC
        799       First Lien                No                    360                    YES         5 YEARS                   EMC
        800       First Lien                No                    360                    YES         5 YEARS                   EMC
        801       First Lien                No                    360                    NO          NON-IO                    EMC
        802       First Lien                No                    360                    NO          NON-IO                    EMC
        803       First Lien                No                    360                    NO          NON-IO                    EMC
        804       First Lien                No                    360                    NO          NON-IO                    EMC
        805       First Lien                No                    360                    NO          NON-IO                    EMC
        806       First Lien                No                    360                    NO          NON-IO                    EMC
        807       First Lien                No                    240                    NO          NON-IO                    EMC
        808       First Lien                No                    360                    NO          NON-IO                    EMC
        809       First Lien                No                    360                    NO          NON-IO                    EMC
        810       First Lien                No                    360                    NO          NON-IO                    EMC
        811       First Lien                No                    360                    YES         5 YEARS                   EMC
        812       First Lien                No                    480                    NO          NON-IO                    EMC
        813       First Lien                No                    360                    NO          NON-IO                    EMC
        814       First Lien                No                    360                    NO          NON-IO                    EMC
        815       First Lien                No                    360                    YES         5 YEARS                   EMC
        816       First Lien                No                    360                    NO          NON-IO                    EMC
        817       First Lien                No                    360                    YES         5 YEARS                   EMC
        818       First Lien                No                    360                    NO          NON-IO                    EMC
        819       First Lien                No                    480                    NO          NON-IO                    EMC
        820       Second Lien               No                    360                    NO          NON-IO                    EMC
        821       First Lien                No                    360                    NO          NON-IO                    EMC
        822       First Lien                No                    360                    NO          NON-IO                    EMC
        823       First Lien                No                    360                    NO          NON-IO                    EMC
        824       First Lien                No                    360                    NO          NON-IO                    EMC
        825       First Lien                No                    360                    NO          NON-IO                    EMC
        826       First Lien                No                    360                    NO          NON-IO                    EMC
        827       Second Lien               No                    360                    NO          NON-IO                    EMC
        828       First Lien                No                    360                    YES         5 YEARS                   EMC
        829       First Lien                No                    360                    NO          NON-IO                    EMC
        830       First Lien                No                    360                    NO          NON-IO                    EMC
        831       First Lien                No                    360                    NO          NON-IO                    EMC
        832       First Lien                No                    360                    NO          NON-IO                    EMC
        833       First Lien                No                    360                    NO          NON-IO                    EMC
        834       First Lien                No                    360                    NO          NON-IO                    EMC
        835       First Lien                No                    360                    NO          NON-IO                    EMC
        836       First Lien                No                    480                    NO          NON-IO                    EMC
        837       First Lien                No                    360                    NO          NON-IO                    EMC
        838       First Lien                No                    360                    NO          NON-IO                    EMC
        839       First Lien                No                    360                    NO          NON-IO                    EMC
        840       First Lien                No                    360                    NO          NON-IO                    EMC
        841       First Lien                No                    360                    NO          NON-IO                    EMC
        842       First Lien                No                    240                    NO          NON-IO                    EMC
        843       First Lien                No                    360                    NO          NON-IO                    EMC
        844       First Lien                No                    360                    NO          NON-IO                    EMC
        845       First Lien                No                    480                    NO          NON-IO                    EMC
        846       First Lien                No                    360                    NO          NON-IO                    EMC
        847       First Lien                No                    360                    YES         5 YEARS                   EMC
        848       First Lien                No                    480                    NO          NON-IO                    EMC
        849       First Lien                No                    360                    NO          NON-IO                    EMC
        850       First Lien                No                    360                    NO          NON-IO                    EMC
        851       First Lien                No                    360                    YES         5 YEARS                   EMC
        852       First Lien                No                    480                    NO          NON-IO                    EMC
        853       First Lien                No                    360                    NO          NON-IO                    EMC
        854       First Lien                No                    360                    YES         5 YEARS                   EMC
        855       First Lien                No                    480                    NO          NON-IO                    EMC
        856       First Lien                No                    360                    NO          NON-IO                    EMC
        857       First Lien                No                    360                    NO          NON-IO                    EMC
        858       First Lien                No                    360                    NO          NON-IO                    EMC
        859       First Lien                No                    360                    NO          NON-IO                    EMC
        860       First Lien                No                    360                    NO          NON-IO                    EMC
        861       First Lien                No                    360                    NO          NON-IO                    EMC
        862       First Lien                No                    360                    NO          NON-IO                    EMC
        863       First Lien                No                    360                    NO          NON-IO                    EMC
        864       First Lien                No                    360                    NO          NON-IO                    EMC
        865       First Lien                No                    360                    NO          NON-IO                    EMC
        866       First Lien                No                    360                    NO          NON-IO                    EMC
        867       First Lien                No                    360                    NO          NON-IO                    EMC
        868       First Lien                No                    360                    NO          NON-IO                    EMC
        869       First Lien                No                    360                    NO          NON-IO                    EMC
        870       First Lien                No                    360                    NO          NON-IO                    EMC
        871       First Lien                No                    360                    NO          NON-IO                    EMC
        872       First Lien                No                    360                    NO          NON-IO                    EMC
        873       First Lien                No                    480                    NO          NON-IO                    EMC
        874       First Lien                No                    480                    NO          NON-IO                    EMC
        875       First Lien                No                    360                    YES         5 YEARS                   EMC
        876       First Lien                No                    360                    NO          NON-IO                    EMC
        877       First Lien                No                    480                    NO          NON-IO                    EMC
        878       First Lien                No                    360                    NO          NON-IO                    EMC
        879       First Lien                No                    360                    YES         5 YEARS                   EMC
        880       First Lien                No                    480                    NO          NON-IO                    EMC
        881       First Lien                No                    360                    NO          NON-IO                    EMC
        882       First Lien                No                    360                    NO          NON-IO                    EMC
        883       First Lien                No                    360                    YES         5 YEARS                   EMC
        884       First Lien                No                    360                    NO          NON-IO                    EMC
        885       First Lien                No                    360                    NO          NON-IO                    EMC
        886       First Lien                No                    360                    YES         5 YEARS                   EMC
        887       First Lien                No                    360                    NO          NON-IO                    EMC
        888       First Lien                No                    360                    YES         5 YEARS                   EMC
        889       First Lien                No                    360                    YES         5 YEARS                   EMC
        890       First Lien                No                    480                    NO          NON-IO                    EMC
        891       First Lien                No                    360                    NO          NON-IO                    EMC
        892       First Lien                No                    360                    YES         5 YEARS                   EMC
        893       First Lien                No                    360                    NO          NON-IO                    EMC
        894       First Lien                No                    240                    NO          NON-IO                    EMC
        895       First Lien                No                    360                    NO          NON-IO                    EMC
        896       First Lien                No                    360                    YES         5 YEARS                   EMC
        897       First Lien                No                    360                    NO          NON-IO                    EMC
        898       First Lien                No                    480                    NO          NON-IO                    EMC
        899       First Lien                No                    360                    NO          NON-IO                    EMC
        900       First Lien                No                    360                    NO          NON-IO                    EMC
        901       First Lien                No                    480                    NO          NON-IO                    EMC
        902       First Lien                No                    360                    YES         5 YEARS                   EMC
        903       First Lien                No                    480                    NO          NON-IO                    EMC
        904       First Lien                No                    360                    NO          NON-IO                    EMC
        905       First Lien                No                    480                    NO          NON-IO                    EMC
        906       First Lien                No                    480                    NO          NON-IO                    EMC
        907       First Lien                No                    360                    NO          NON-IO                    EMC
        908       First Lien                No                    360                    NO          NON-IO                    EMC
        909       First Lien                No                    480                    NO          NON-IO                    EMC
        910       First Lien                No                    480                    NO          NON-IO                    EMC
        911       First Lien                No                    360                    YES         5 YEARS                   EMC
        912       First Lien                No                    360                    NO          NON-IO                    EMC
        913       First Lien                No                    480                    NO          NON-IO                    EMC
        914       First Lien                No                    360                    NO          NON-IO                    EMC
        915       First Lien                No                    480                    NO          NON-IO                    EMC
        916       First Lien                No                    360                    NO          NON-IO                    EMC
        917       First Lien                No                    360                    NO          NON-IO                    EMC
        918       First Lien                No                    300                    NO          NON-IO                    EMC
        919       First Lien                No                    360                    NO          NON-IO                    EMC
        920       First Lien                No                    360                    NO          NON-IO                    EMC
        921       First Lien                No                    360                    NO          NON-IO                    EMC
        922       First Lien                No                    480                    NO          NON-IO                    EMC
        923       First Lien                No                    480                    NO          NON-IO                    EMC
        924       First Lien                No                    480                    NO          NON-IO                    EMC
        925       First Lien                No                    360                    NO          NON-IO                    EMC
        926       First Lien                No                    360                    NO          NON-IO                    EMC
        927       First Lien                No                    360                    NO          NON-IO                    EMC
        928       First Lien                No                    360                    NO          NON-IO                    EMC
        929       First Lien                No                    360                    NO          NON-IO                    EMC
        930       First Lien                No                    360                    NO          NON-IO                    EMC
        931       First Lien                No                    360                    NO          NON-IO                    EMC
        932       First Lien                No                    480                    NO          NON-IO                    EMC
        933       First Lien                No                    360                    NO          NON-IO                    EMC
        934       First Lien                No                    360                    NO          NON-IO                    EMC
        935       First Lien                No                    360                    NO          NON-IO                    EMC
        936       First Lien                No                    480                    NO          NON-IO                    EMC
        937       First Lien                No                    480                    NO          NON-IO                    EMC
        938       First Lien                No                    360                    YES         5 YEARS                   EMC
        939       First Lien                No                    480                    NO          NON-IO                    EMC
        940       First Lien                No                    360                    NO          NON-IO                    EMC
        941       First Lien                No                    360                    NO          NON-IO                    EMC
        942       First Lien                No                    480                    NO          NON-IO                    EMC
        943       First Lien                No                    480                    NO          NON-IO                    EMC
        944       First Lien                No                    360                    YES         5 YEARS                   EMC
        945       First Lien                No                    360                    YES         5 YEARS                   EMC
        946       First Lien                No                    360                    NO          NON-IO                    EMC
        947       First Lien                No                    360                    NO          NON-IO                    EMC
        948       First Lien                No                    360                    NO          NON-IO                    EMC
        949       First Lien                No                    360                    NO          NON-IO                    EMC
        950       First Lien                No                    360                    YES         5 YEARS                   EMC
        951       First Lien                No                    360                    NO          NON-IO                    EMC
        952       First Lien                No                    360                    NO          NON-IO                    EMC
        953       First Lien                No                    480                    NO          NON-IO                    EMC
        954       First Lien                No                    480                    NO          NON-IO                    EMC
        955       First Lien                No                    360                    NO          NON-IO                    EMC
        956       First Lien                No                    360                    NO          NON-IO                    EMC
        957       First Lien                No                    360                    NO          NON-IO                    EMC
        958       First Lien                No                    360                    NO          NON-IO                    EMC
        959       First Lien                No                    360                    NO          NON-IO                    EMC
        960       First Lien                No                    480                    NO          NON-IO                    EMC
        961       First Lien                No                    360                    NO          NON-IO                    EMC
        962       First Lien                No                    360                    NO          NON-IO                    EMC
        963       First Lien                No                    360                    YES         5 YEARS                   EMC
        964       First Lien                No                    480                    NO          NON-IO                    EMC
        965       First Lien                No                    360                    NO          NON-IO                    EMC
        966       First Lien                No                    360                    NO          NON-IO                    EMC
        967       First Lien                No                    360                    YES         5 YEARS                   EMC
        968       First Lien                No                    480                    NO          NON-IO                    EMC
        969       First Lien                No                    360                    NO          NON-IO                    EMC
        970       First Lien                No                    480                    NO          NON-IO                    EMC
        971       First Lien                No                    480                    NO          NON-IO                    EMC
        972       First Lien                No                    180                    NO          NON-IO                    EMC
        973       First Lien                No                    480                    NO          NON-IO                    EMC
        974       First Lien                No                    360                    YES         5 YEARS                   EMC
        975       First Lien                No                    360                    NO          NON-IO                    EMC
        976       First Lien                No                    360                    NO          NON-IO                    EMC
        977       First Lien                No                    360                    YES         5 YEARS                   EMC
        978       First Lien                No                    360                    NO          NON-IO                    EMC
        979       First Lien                No                    360                    NO          NON-IO                    EMC
        980       First Lien                No                    360                    NO          NON-IO                    EMC
        981       First Lien                No                    360                    YES         5 YEARS                   EMC
        982       First Lien                No                    360                    NO          NON-IO                    EMC
        983       First Lien                No                    480                    NO          NON-IO                    EMC
        984       First Lien                No                    360                    NO          NON-IO                    EMC
        985       First Lien                No                    360                    NO          NON-IO                    EMC
        986       First Lien                No                    360                    NO          NON-IO                    EMC
        987       First Lien                No                    360                    NO          NON-IO                    EMC
        988       First Lien                No                    360                    NO          NON-IO                    EMC
        989       First Lien                No                    360                    YES         5 YEARS                   EMC
        990       First Lien                No                    360                    NO          NON-IO                    EMC
        991       First Lien                No                    360                    YES         5 YEARS                   EMC
        992       First Lien                No                    360                    NO          NON-IO                    EMC
        993       First Lien                No                    360                    NO          NON-IO                    EMC
        994       First Lien                No                    360                    NO          NON-IO                    EMC
        995       First Lien                No                    360                    NO          NON-IO                    EMC
        996       First Lien                No                    360                    NO          NON-IO                    EMC
        997       First Lien                No                    360                    NO          NON-IO                    EMC
        998       First Lien                No                    360                    NO          NON-IO                    EMC
        999       First Lien                No                    240                    NO          NON-IO                    EMC
       1000       First Lien                No                    360                    YES         5 YEARS                   EMC
       1001       First Lien                No                    180                    NO          NON-IO                    EMC
       1002       First Lien                No                    360                    NO          NON-IO                    EMC
       1003       First Lien                No                    360                    YES         5 YEARS                   EMC
       1004       First Lien                No                    360                    YES         5 YEARS                   EMC
       1005       First Lien                No                    360                    NO          NON-IO                    EMC
       1006       First Lien                No                    480                    NO          NON-IO                    EMC
       1007       First Lien                No                    360                    NO          NON-IO                    EMC
       1008       First Lien                No                    360                    NO          NON-IO                    EMC
       1009       First Lien                No                    480                    NO          NON-IO                    EMC
       1010       First Lien                No                    360                    NO          NON-IO                    EMC
       1011       First Lien                No                    360                    NO          NON-IO                    EMC
       1012       First Lien                No                    360                    NO          NON-IO                    EMC
       1013       First Lien                No                    360                    NO          NON-IO                    EMC
       1014       First Lien                No                    360                    NO          NON-IO                    EMC
       1015       First Lien                No                    360                    NO          NON-IO                    EMC
       1016       First Lien                No                    360                    YES         5 YEARS                   EMC
       1017       First Lien                No                    360                    NO          NON-IO                    EMC
       1018       First Lien                No                    360                    NO          NON-IO                    EMC
       1019       First Lien                No                    360                    NO          NON-IO                    EMC
       1020       First Lien                No                    360                    NO          NON-IO                    EMC
       1021       First Lien                No                    360                    YES         5 YEARS                   EMC
       1022       First Lien                No                    360                    NO          NON-IO                    EMC
       1023       First Lien                No                    360                    NO          NON-IO                    EMC
       1024       First Lien                No                    360                    NO          NON-IO                    EMC
       1025       First Lien                No                    360                    NO          NON-IO                    EMC
       1026       First Lien                No                    360                    NO          NON-IO                    EMC
       1027       First Lien                No                    360                    YES         5 YEARS                   EMC
       1028       First Lien                No                    480                    NO          NON-IO                    EMC
       1029       First Lien                No                    360                    NO          NON-IO                    EMC
       1030       First Lien                No                    480                    NO          NON-IO                    EMC
       1031       First Lien                No                    360                    NO          NON-IO                    EMC
       1032       First Lien                No                    360                    NO          NON-IO                    EMC
       1033       First Lien                No                    360                    NO          NON-IO                    EMC
       1034       First Lien                No                    360                    NO          NON-IO                    EMC
       1035       Second Lien               No                    360                    NO          NON-IO                    EMC
       1036       First Lien                No                    480                    NO          NON-IO                    EMC
       1037       First Lien                No                    360                    NO          NON-IO                    EMC
       1038       First Lien                No                    360                    NO          NON-IO                    EMC
       1039       First Lien                No                    360                    NO          NON-IO                    EMC
       1040       First Lien                No                    360                    NO          NON-IO                    EMC
       1041       First Lien                No                    360                    NO          NON-IO                    EMC
       1042       First Lien                No                    360                    NO          NON-IO                    EMC
       1043       First Lien                No                    360                    NO          NON-IO                    EMC
       1044       First Lien                No                    360                    NO          NON-IO                    EMC
       1045       First Lien                No                    360                    NO          NON-IO                    EMC
       1046       First Lien                No                    360                    YES         5 YEARS                   EMC
       1047       First Lien                No                    360                    NO          NON-IO                    EMC
       1048       First Lien                No                    360                    NO          NON-IO                    EMC
       1049       First Lien                No                    480                    NO          NON-IO                    EMC
       1050       First Lien                No                    360                    NO          NON-IO                    EMC
       1051       First Lien                No                    360                    NO          NON-IO                    EMC
       1052       First Lien                No                    360                    YES         5 YEARS                   EMC
       1053       First Lien                No                    360                    NO          NON-IO                    EMC
       1054       First Lien                No                    360                    NO          NON-IO                    EMC
       1055       First Lien                No                    360                    NO          NON-IO                    EMC
       1056       First Lien                No                    360                    NO          NON-IO                    EMC
       1057       First Lien                No                    360                    NO          NON-IO                    EMC
       1058       First Lien                No                    360                    NO          NON-IO                    EMC
       1059       First Lien                No                    480                    NO          NON-IO                    EMC
       1060       First Lien                No                    360                    YES         5 YEARS                   EMC
       1061       First Lien                No                    480                    NO          NON-IO                    EMC
       1062       First Lien                No                    360                    NO          NON-IO                    EMC
       1063       First Lien                No                    480                    NO          NON-IO                    EMC
       1064       First Lien                No                    360                    NO          NON-IO                    EMC
       1065       First Lien                No                    360                    NO          NON-IO                    EMC
       1066       First Lien                No                    360                    NO          NON-IO                    EMC
       1067       First Lien                No                    480                    NO          NON-IO                    EMC
       1068       First Lien                No                    480                    NO          NON-IO                    EMC
       1069       First Lien                No                    360                    YES         5 YEARS                   EMC
       1070       First Lien                No                    480                    NO          NON-IO                    EMC
       1071       First Lien                No                    360                    NO          NON-IO                    EMC
       1072       First Lien                No                    360                    NO          NON-IO                    EMC
       1073       First Lien                No                    480                    NO          NON-IO                    EMC
       1074       First Lien                No                    360                    NO          NON-IO                    EMC
       1075       First Lien                No                    360                    NO          NON-IO                    EMC
       1076       First Lien                No                    360                    NO          NON-IO                    EMC
       1077       First Lien                No                    360                    NO          NON-IO                    EMC
       1078       First Lien                No                    360                    NO          NON-IO                    EMC
       1079       First Lien                No                    360                    NO          NON-IO                    EMC
       1080       First Lien                No                    360                    NO          NON-IO                    EMC
       1081       First Lien                No                    360                    NO          NON-IO                    EMC
       1082       First Lien                No                    180                    NO          NON-IO                    EMC
       1083       First Lien                No                    360                    YES         5 YEARS                   EMC
       1084       First Lien                No                    360                    NO          NON-IO                    EMC
       1085       First Lien                No                    360                    NO          NON-IO                    EMC
       1086       First Lien                No                    360                    NO          NON-IO                    EMC
       1087       First Lien                No                    360                    NO          NON-IO                    EMC
       1088       First Lien                No                    360                    NO          NON-IO                    EMC
       1089       First Lien                No                    360                    NO          NON-IO                    EMC
       1090       First Lien                No                    480                    NO          NON-IO                    EMC
       1091       First Lien                No                    480                    NO          NON-IO                    EMC
       1092       First Lien                No                    360                    NO          NON-IO                    EMC
       1093       First Lien                No                    360                    NO          NON-IO                    EMC
       1094       First Lien                No                    360                    NO          NON-IO                    EMC
       1095       First Lien                No                    360                    NO          NON-IO                    EMC
       1096       First Lien                No                    360                    NO          NON-IO                    EMC
       1097       First Lien                No                    360                    YES         5 YEARS                   EMC
       1098       First Lien                No                    360                    NO          NON-IO                    EMC
       1099       First Lien                No                    360                    NO          NON-IO                    EMC
       1100       First Lien                No                    480                    NO          NON-IO                    EMC
       1101       First Lien                No                    360                    NO          NON-IO                    EMC
       1102       First Lien                No                    360                    YES         5 YEARS                   EMC
       1103       First Lien                No                    480                    NO          NON-IO                    EMC
       1104       First Lien                No                    360                    NO          NON-IO                    EMC
       1105       First Lien                No                    360                    NO          NON-IO                    EMC
       1106       First Lien                No                    360                    NO          NON-IO                    EMC
       1107       First Lien                No                    360                    NO          NON-IO                    EMC
       1108       First Lien                No                    360                    YES         5 YEARS                   EMC
       1109       First Lien                No                    480                    NO          NON-IO                    EMC
       1110       First Lien                No                    360                    NO          NON-IO                    EMC
       1111       First Lien                No                    360                    NO          NON-IO                    EMC
       1112       First Lien                No                    480                    NO          NON-IO                    EMC
       1113       First Lien                No                    480                    NO          NON-IO                    EMC
       1114       First Lien                No                    360                    NO          NON-IO                    EMC
       1115       First Lien                No                    360                    NO          NON-IO                    EMC
       1116       First Lien                No                    360                    NO          NON-IO                    EMC
       1117       First Lien                No                    360                    YES         5 YEARS                   EMC
       1118       First Lien                No                    480                    NO          NON-IO                    EMC
       1119       First Lien                No                    480                    NO          NON-IO                    EMC
       1120       First Lien                No                    480                    NO          NON-IO                    EMC
       1121       First Lien                No                    360                    YES         5 YEARS                   EMC
       1122       First Lien                No                    360                    NO          NON-IO                    EMC
       1123       First Lien                No                    360                    YES         5 YEARS                   EMC
       1124       First Lien                No                    360                    NO          NON-IO                    EMC
       1125       First Lien                No                    360                    NO          NON-IO                    EMC
       1126       First Lien                No                    360                    NO          NON-IO                    EMC
       1127       First Lien                No                    360                    NO          NON-IO                    EMC
       1128       First Lien                No                    360                    NO          NON-IO                    EMC
       1129       First Lien                No                    360                    NO          NON-IO                    EMC
       1130       First Lien                No                    360                    NO          NON-IO                    EMC
       1131       First Lien                No                    360                    NO          NON-IO                    EMC
       1132       First Lien                No                    360                    NO          NON-IO                    EMC
       1133       First Lien                No                    360                    NO          NON-IO                    EMC
       1134       First Lien                No                    360                    NO          NON-IO                    EMC
       1135       First Lien                No                    360                    NO          NON-IO                    EMC
       1136       First Lien                No                    360                    NO          NON-IO                    EMC
       1137       First Lien                No                    480                    NO          NON-IO                    EMC
       1138       First Lien                No                    360                    NO          NON-IO                    EMC
       1139       First Lien                No                    360                    YES         5 YEARS                   EMC
       1140       First Lien                No                    480                    NO          NON-IO                    EMC
       1141       First Lien                No                    360                    NO          NON-IO                    EMC
       1142       First Lien                No                    360                    NO          NON-IO                    EMC
       1143       First Lien                No                    360                    YES         5 YEARS                   EMC
       1144       First Lien                No                    360                    NO          NON-IO                    EMC
       1145       First Lien                No                    360                    NO          NON-IO                    EMC
       1146       First Lien                No                    360                    NO          NON-IO                    EMC
       1147       First Lien                No                    360                    NO          NON-IO                    EMC
       1148       First Lien                No                    360                    NO          NON-IO                    EMC
       1149       First Lien                No                    360                    NO          NON-IO                    EMC
       1150       First Lien                No                    360                    NO          NON-IO                    EMC
       1151       First Lien                No                    360                    NO          NON-IO                    EMC
       1152       First Lien                No                    360                    NO          NON-IO                    EMC
       1153       First Lien                No                    480                    NO          NON-IO                    EMC
       1154       First Lien                No                    360                    NO          NON-IO                    EMC
       1155       First Lien                No                    360                    NO          NON-IO                    EMC
       1156       First Lien                No                    480                    NO          NON-IO                    EMC
       1157       First Lien                No                    360                    NO          NON-IO                    EMC
       1158       First Lien                No                    360                    YES         5 YEARS                   EMC
       1159       First Lien                No                    360                    NO          NON-IO                    EMC
       1160       First Lien                No                    360                    NO          NON-IO                    EMC
       1161       First Lien                No                    360                    NO          NON-IO                    EMC
       1162       First Lien                No                    360                    YES         5 YEARS                   EMC
       1163       First Lien                No                    360                    YES         5 YEARS                   EMC
       1164       First Lien                No                    360                    NO          NON-IO                    EMC
       1165       First Lien                No                    360                    NO          NON-IO                    EMC
       1166       First Lien                No                    360                    NO          NON-IO                    EMC
       1167       First Lien                No                    360                    NO          NON-IO                    EMC
       1168       First Lien                No                    480                    NO          NON-IO                    EMC
       1169       First Lien                No                    360                    YES         5 YEARS                   EMC
       1170       First Lien                No                    360                    NO          NON-IO                    EMC
       1171       First Lien                No                    360                    NO          NON-IO                    EMC
       1172       First Lien                No                    360                    NO          NON-IO                    EMC
       1173       First Lien                No                    360                    NO          NON-IO                    EMC
       1174       First Lien                No                    360                    NO          NON-IO                    EMC
       1175       First Lien                No                    360                    NO          NON-IO                    EMC
       1176       First Lien                No                    360                    NO          NON-IO                    EMC
       1177       First Lien                No                    360                    NO          NON-IO                    EMC
       1178       First Lien                No                    360                    NO          NON-IO                    EMC
       1179       First Lien                No                    480                    NO          NON-IO                    EMC
       1180       First Lien                No                    360                    NO          NON-IO                    EMC
       1181       First Lien                No                    360                    NO          NON-IO                    EMC
       1182       First Lien                No                    360                    NO          NON-IO                    EMC
       1183       First Lien                No                    360                    NO          NON-IO                    EMC
       1184       First Lien                No                    480                    NO          NON-IO                    EMC
       1185       First Lien                No                    360                    YES         5 YEARS                   EMC
       1186       First Lien                No                    360                    YES         5 YEARS                   EMC
       1187       First Lien                No                    360                    NO          NON-IO                    EMC
       1188       First Lien                No                    360                    NO          NON-IO                    EMC
       1189       First Lien                No                    480                    NO          NON-IO                    EMC
       1190       First Lien                No                    480                    NO          NON-IO                    EMC
       1191       First Lien                No                    360                    NO          NON-IO                    EMC
       1192       First Lien                No                    480                    NO          NON-IO                    EMC
       1193       First Lien                No                    480                    NO          NON-IO                    EMC
       1194       First Lien                No                    360                    NO          NON-IO                    EMC
       1195       First Lien                No                    480                    NO          NON-IO                    EMC
       1196       First Lien                No                    480                    NO          NON-IO                    EMC
       1197       First Lien                No                    360                    YES         5 YEARS                   EMC
       1198       First Lien                No                    480                    NO          NON-IO                    EMC
       1199       First Lien                No                    360                    YES         5 YEARS                   EMC
       1200       First Lien                No                    360                    YES         5 YEARS                   EMC
       1201       First Lien                No                    480                    NO          NON-IO                    EMC
       1202       First Lien                No                    360                    NO          NON-IO                    EMC
       1203       First Lien                No                    360                    NO          NON-IO                    EMC
       1204       First Lien                No                    480                    NO          NON-IO                    EMC
       1205       First Lien                No                    360                    NO          NON-IO                    EMC
       1206       First Lien                No                    360                    NO          NON-IO                    EMC
       1207       First Lien                No                    360                    NO          NON-IO                    EMC
       1208       First Lien                No                    480                    NO          NON-IO                    EMC
       1209       First Lien                No                    360                    NO          NON-IO                    EMC
       1210       First Lien                No                    360                    NO          NON-IO                    EMC
       1211       Second Lien               No                    360                    NO          NON-IO                    EMC
       1212       First Lien                No                    360                    YES         5 YEARS                   EMC
       1213       First Lien                No                    480                    NO          NON-IO                    EMC
       1214       First Lien                No                    480                    NO          NON-IO                    EMC
       1215       First Lien                No                    360                    YES         5 YEARS                   EMC
       1216       First Lien                No                    360                    NO          NON-IO                    EMC
       1217       First Lien                No                    360                    YES         5 YEARS                   EMC
       1218       First Lien                No                    360                    NO          NON-IO                    EMC
       1219       First Lien                No                    360                    YES         5 YEARS                   EMC
       1220       First Lien                No                    360                    NO          NON-IO                    EMC
       1221       First Lien                No                    360                    NO          NON-IO                    EMC
       1222       First Lien                No                    360                    NO          NON-IO                    EMC
       1223       First Lien                No                    360                    NO          NON-IO                    EMC
       1224       First Lien                No                    360                    NO          NON-IO                    EMC
       1225       First Lien                No                    360                    NO          NON-IO                    EMC
       1226       First Lien                No                    480                    NO          NON-IO                    EMC
       1227       First Lien                No                    480                    NO          NON-IO                    EMC
       1228       First Lien                No                    360                    NO          NON-IO                    EMC
       1229       First Lien                No                    360                    NO          NON-IO                    EMC
       1230       First Lien                No                    360                    YES         5 YEARS                   EMC
       1231       First Lien                No                    360                    YES         5 YEARS                   EMC
       1232       First Lien                No                    360                    NO          NON-IO                    EMC
       1233       First Lien                No                    480                    NO          NON-IO                    EMC
       1234       First Lien                No                    360                    NO          NON-IO                    EMC
       1235       First Lien                No                    360                    NO          NON-IO                    EMC
       1236       First Lien                No                    360                    YES         5 YEARS                   EMC
       1237       First Lien                No                    360                    NO          NON-IO                    EMC
       1238       First Lien                No                    480                    NO          NON-IO                    EMC
       1239       First Lien                No                    360                    NO          NON-IO                    EMC
       1240       First Lien                No                    360                    YES         5 YEARS                   EMC
       1241       First Lien                No                    480                    NO          NON-IO                    EMC
       1242       First Lien                No                    360                    NO          NON-IO                    EMC
       1243       First Lien                No                    360                    NO          NON-IO                    EMC
       1244       First Lien                No                    360                    NO          NON-IO                    EMC
       1245       First Lien                No                    480                    NO          NON-IO                    EMC
       1246       First Lien                No                    360                    YES         5 YEARS                   EMC
       1247       First Lien                No                    480                    NO          NON-IO                    EMC
       1248       First Lien                No                    360                    NO          NON-IO                    EMC
       1249       First Lien                No                    360                    NO          NON-IO                    EMC
       1250       First Lien                No                    360                    NO          NON-IO                    EMC
       1251       First Lien                No                    360                    NO          NON-IO                    EMC
       1252       Second Lien               No                    360                    NO          NON-IO                    EMC
       1253       First Lien                No                    360                    YES         5 YEARS                   EMC
       1254       First Lien                No                    360                    NO          NON-IO                    EMC
       1255       First Lien                No                    360                    NO          NON-IO                    EMC
       1256       First Lien                No                    360                    NO          NON-IO                    EMC
       1257       First Lien                No                    360                    NO          NON-IO                    EMC
       1258       First Lien                No                    360                    YES         5 YEARS                   EMC
       1259       First Lien                No                    360                    NO          NON-IO                    EMC
       1260       First Lien                No                    360                    NO          NON-IO                    EMC
       1261       First Lien                No                    360                    NO          NON-IO                    EMC
       1262       First Lien                No                    360                    NO          NON-IO                    EMC
       1263       First Lien                No                    360                    NO          NON-IO                    EMC
       1264       First Lien                No                    360                    NO          NON-IO                    EMC
       1265       First Lien                No                    360                    NO          NON-IO                    EMC
       1266       First Lien                No                    360                    NO          NON-IO                    EMC
       1267       First Lien                No                    360                    YES         5 YEARS                   EMC
       1268       First Lien                No                    480                    NO          NON-IO                    EMC
       1269       First Lien                No                    360                    YES         5 YEARS                   EMC
       1270       First Lien                No                    360                    NO          NON-IO                    EMC
       1271       First Lien                No                    360                    NO          NON-IO                    EMC
       1272       First Lien                No                    480                    NO          NON-IO                    EMC
       1273       First Lien                No                    480                    NO          NON-IO                    EMC
       1274       First Lien                No                    360                    NO          NON-IO                    EMC
       1275       First Lien                No                    360                    NO          NON-IO                    EMC
       1276       First Lien                No                    360                    NO          NON-IO                    EMC
       1277       First Lien                No                    360                    NO          NON-IO                    EMC
       1278       First Lien                No                    360                    NO          NON-IO                    EMC
       1279       First Lien                No                    360                    NO          NON-IO                    EMC
       1280       First Lien                No                    360                    NO          NON-IO                    EMC
       1281       First Lien                No                    360                    NO          NON-IO                    EMC
       1282       First Lien                No                    360                    NO          NON-IO                    EMC
       1283       First Lien                No                    360                    NO          NON-IO                    EMC
       1284       First Lien                No                    360                    YES         5 YEARS                   EMC
       1285       First Lien                No                    480                    NO          NON-IO                    EMC
       1286       First Lien                No                    480                    NO          NON-IO                    EMC
       1287       First Lien                No                    480                    NO          NON-IO                    EMC
       1288       First Lien                No                    480                    NO          NON-IO                    EMC
       1289       First Lien                No                    360                    YES         5 YEARS                   EMC
       1290       First Lien                No                    360                    NO          NON-IO                    EMC
       1291       First Lien                No                    360                    NO          NON-IO                    EMC
       1292       First Lien                No                    360                    NO          NON-IO                    EMC
       1293       First Lien                No                    360                    NO          NON-IO                    EMC
       1294       First Lien                No                    360                    YES         5 YEARS                   EMC
       1295       First Lien                No                    480                    NO          NON-IO                    EMC
       1296       First Lien                No                    360                    NO          NON-IO                    EMC
       1297       First Lien                No                    360                    NO          NON-IO                    EMC
       1298       First Lien                No                    360                    NO          NON-IO                    EMC
       1299       First Lien                No                    360                    NO          NON-IO                    EMC
       1300       First Lien                No                    480                    NO          NON-IO                    EMC
       1301       First Lien                No                    480                    NO          NON-IO                    EMC
       1302       First Lien                No                    360                    NO          NON-IO                    EMC
       1303       First Lien                No                    360                    NO          NON-IO                    EMC
       1304       First Lien                No                    360                    NO          NON-IO                    EMC
       1305       First Lien                No                    360                    NO          NON-IO                    EMC
       1306       First Lien                No                    360                    NO          NON-IO                    EMC
       1307       First Lien                No                    360                    NO          NON-IO                    EMC
       1308       Second Lien               No                    360                    NO          NON-IO                    EMC
       1309       First Lien                No                    360                    NO          NON-IO                    EMC
       1310       First Lien                No                    360                    NO          NON-IO                    EMC
       1311       First Lien                No                    360                    NO          NON-IO                    EMC
       1312       First Lien                No                    360                    NO          NON-IO                    EMC
       1313       First Lien                No                    360                    NO          NON-IO                    EMC
       1314       First Lien                No                    480                    NO          NON-IO                    EMC
       1315       First Lien                No                    360                    NO          NON-IO                    EMC
       1316       First Lien                No                    360                    YES         5 YEARS                   EMC
       1317       First Lien                No                    360                    NO          NON-IO                    EMC
       1318       First Lien                No                    480                    NO          NON-IO                    EMC
       1319       First Lien                No                    360                    NO          NON-IO                    EMC
       1320       First Lien                No                    480                    NO          NON-IO                    EMC
       1321       First Lien                No                    360                    NO          NON-IO                    EMC
       1322       First Lien                No                    360                    YES         5 YEARS                   EMC
       1323       First Lien                No                    360                    NO          NON-IO                    EMC
       1324       First Lien                No                    360                    NO          NON-IO                    EMC
       1325       First Lien                No                    360                    NO          NON-IO                    EMC
       1326       First Lien                No                    480                    NO          NON-IO                    EMC
       1327       First Lien                No                    360                    NO          NON-IO                    EMC
       1328       First Lien                No                    360                    NO          NON-IO                    EMC
       1329       First Lien                No                    360                    NO          NON-IO                    EMC
       1330       Second Lien               No                    360                    NO          NON-IO                    EMC
       1331       Second Lien               No                    360                    NO          NON-IO                    EMC
       1332       First Lien                No                    360                    NO          NON-IO                    EMC
       1333       First Lien                No                    360                    NO          NON-IO                    EMC
       1334       First Lien                No                    360                    YES         5 YEARS                   EMC
       1335       First Lien                No                    480                    NO          NON-IO                    EMC
       1336       First Lien                No                    480                    NO          NON-IO                    EMC
       1337       First Lien                No                    480                    NO          NON-IO                    EMC
       1338       First Lien                No                    360                    YES         5 YEARS                   EMC
       1339       First Lien                No                    360                    NO          NON-IO                    EMC
       1340       First Lien                No                    480                    NO          NON-IO                    EMC
       1341       First Lien                No                    360                    NO          NON-IO                    EMC
       1342       First Lien                No                    360                    NO          NON-IO                    EMC
       1343       First Lien                No                    360                    YES         5 YEARS                   EMC
       1344       First Lien                No                    360                    YES         5 YEARS                   EMC
       1345       First Lien                No                    360                    NO          NON-IO                    EMC
       1346       First Lien                No                    360                    YES         5 YEARS                   EMC
       1347       First Lien                No                    360                    NO          NON-IO                    EMC
       1348       First Lien                No                    360                    NO          NON-IO                    EMC
       1349       First Lien                No                    360                    NO          NON-IO                    EMC
       1350       First Lien                No                    360                    NO          NON-IO                    EMC
       1351       First Lien                No                    360                    NO          NON-IO                    EMC
       1352       First Lien                No                    480                    NO          NON-IO                    EMC
       1353       First Lien                No                    480                    NO          NON-IO                    EMC
       1354       First Lien                No                    360                    NO          NON-IO                    EMC
       1355       First Lien                No                    360                    NO          NON-IO                    EMC
       1356       First Lien                No                    360                    NO          NON-IO                    EMC
       1357       First Lien                No                    360                    NO          NON-IO                    EMC
       1358       First Lien                No                    360                    NO          NON-IO                    EMC
       1359       First Lien                No                    360                    NO          NON-IO                    EMC
       1360       First Lien                No                    360                    NO          NON-IO                    EMC
       1361       First Lien                No                    360                    NO          NON-IO                    EMC
       1362       First Lien                No                    480                    NO          NON-IO                    EMC
       1363       First Lien                No                    360                    NO          NON-IO                    EMC
       1364       First Lien                No                    360                    NO          NON-IO                    EMC
       1365       First Lien                No                    360                    YES         5 YEARS                   EMC
       1366       First Lien                No                    360                    NO          NON-IO                    EMC
       1367       First Lien                No                    480                    NO          NON-IO                    EMC
       1368       First Lien                No                    360                    NO          NON-IO                    EMC
       1369       First Lien                No                    480                    NO          NON-IO                    EMC
       1370       First Lien                No                    360                    NO          NON-IO                    EMC
       1371       First Lien                No                    360                    NO          NON-IO                    EMC
       1372       First Lien                No                    360                    NO          NON-IO                    EMC
       1373       First Lien                No                    360                    NO          NON-IO                    EMC
       1374       First Lien                No                    360                    YES         5 YEARS                   EMC
       1375       First Lien                No                    480                    NO          NON-IO                    EMC
       1376       First Lien                No                    360                    NO          NON-IO                    EMC
       1377       First Lien                No                    480                    NO          NON-IO                    EMC
       1378       First Lien                No                    360                    NO          NON-IO                    EMC
       1379       First Lien                No                    360                    YES         5 YEARS                   EMC
       1380       First Lien                No                    360                    NO          NON-IO                    EMC
       1381       First Lien                No                    360                    NO          NON-IO                    EMC
       1382       First Lien                No                    360                    NO          NON-IO                    EMC
       1383       First Lien                No                    360                    NO          NON-IO                    EMC
       1384       First Lien                No                    480                    NO          NON-IO                    EMC
       1385       First Lien                No                    480                    NO          NON-IO                    EMC
       1386       First Lien                No                    480                    NO          NON-IO                    EMC
       1387       First Lien                No                    480                    NO          NON-IO                    EMC
       1388       First Lien                No                    360                    YES         5 YEARS                   EMC
       1389       First Lien                No                    360                    NO          NON-IO                    EMC
       1390       First Lien                No                    360                    NO          NON-IO                    EMC
       1391       Second Lien               No                    360                    NO          NON-IO                    EMC
       1392       First Lien                No                    480                    NO          NON-IO                    EMC
       1393       First Lien                No                    360                    NO          NON-IO                    EMC
       1394       First Lien                No                    360                    NO          NON-IO                    EMC
       1395       First Lien                No                    360                    YES         5 YEARS                   EMC
       1396       First Lien                No                    240                    NO          NON-IO                    EMC
       1397       First Lien                No                    360                    NO          NON-IO                    EMC
       1398       First Lien                No                    360                    NO          NON-IO                    EMC
       1399       First Lien                No                    480                    NO          NON-IO                    EMC
       1400       First Lien                No                    360                    NO          NON-IO                    EMC
       1401       First Lien                No                    360                    NO          NON-IO                    EMC
       1402       First Lien                No                    360                    NO          NON-IO                    EMC
       1403       First Lien                No                    360                    NO          NON-IO                    EMC
       1404       First Lien                No                    480                    NO          NON-IO                    EMC
       1405       First Lien                No                    360                    NO          NON-IO                    EMC
       1406       First Lien                No                    360                    YES         5 YEARS                   EMC
       1407       First Lien                No                    480                    NO          NON-IO                    EMC
       1408       First Lien                No                    360                    YES         5 YEARS                   EMC
       1409       First Lien                No                    360                    NO          NON-IO                    EMC
       1410       First Lien                No                    360                    YES         5 YEARS                   EMC
       1411       First Lien                No                    360                    YES         5 YEARS                   EMC
       1412       First Lien                No                    360                    NO          NON-IO                    EMC
       1413       First Lien                No                    360                    NO          NON-IO                    EMC
       1414       Second Lien               No                    360                    NO          NON-IO                    EMC
       1415       First Lien                No                    480                    NO          NON-IO                    EMC
       1416       First Lien                No                    360                    NO          NON-IO                    EMC
       1417       First Lien                No                    360                    NO          NON-IO                    EMC
       1418       First Lien                No                    360                    NO          NON-IO                    EMC
       1419       First Lien                No                    360                    NO          NON-IO                    EMC
       1420       First Lien                No                    240                    NO          NON-IO                    EMC
       1421       First Lien                No                    360                    NO          NON-IO                    EMC
       1422       First Lien                No                    360                    NO          NON-IO                    EMC
       1423       First Lien                No                    360                    NO          NON-IO                    EMC
       1424       First Lien                No                    360                    NO          NON-IO                    EMC
       1425       Second Lien               No                    360                    NO          NON-IO                    EMC
       1426       First Lien                No                    360                    NO          NON-IO                    EMC
       1427       First Lien                No                    360                    NO          NON-IO                    EMC
       1428       First Lien                No                    360                    NO          NON-IO                    EMC
       1429       First Lien                No                    480                    NO          NON-IO                    EMC
       1430       First Lien                No                    360                    NO          NON-IO                    EMC
       1431       First Lien                No                    360                    NO          NON-IO                    EMC
       1432       First Lien                No                    360                    NO          NON-IO                    EMC
       1433       First Lien                No                    360                    NO          NON-IO                    EMC
       1434       First Lien                No                    360                    YES         5 YEARS                   EMC
       1435       First Lien                No                    360                    NO          NON-IO                    EMC
       1436       First Lien                No                    360                    NO          NON-IO                    EMC
       1437       First Lien                No                    360                    NO          NON-IO                    EMC
       1438       First Lien                No                    360                    NO          NON-IO                    EMC
       1439       First Lien                No                    240                    NO          NON-IO                    EMC
       1440       First Lien                No                    360                    YES         5 YEARS                   EMC
       1441       First Lien                No                    360                    NO          NON-IO                    EMC
       1442       First Lien                No                    360                    NO          NON-IO                    EMC
       1443       First Lien                No                    480                    NO          NON-IO                    EMC
       1444       First Lien                No                    360                    NO          NON-IO                    EMC
       1445       First Lien                No                    360                    NO          NON-IO                    EMC
       1446       First Lien                No                    360                    NO          NON-IO                    EMC
       1447       First Lien                No                    360                    YES         5 YEARS                   EMC
       1448       First Lien                No                    480                    NO          NON-IO                    EMC
       1449       First Lien                No                    360                    NO          NON-IO                    EMC
       1450       First Lien                No                    360                    NO          NON-IO                    EMC
       1451       First Lien                No                    360                    NO          NON-IO                    EMC
       1452       First Lien                No                    480                    NO          NON-IO                    EMC
       1453       First Lien                No                    480                    NO          NON-IO                    EMC
       1454       First Lien                No                    360                    NO          NON-IO                    EMC
       1455       First Lien                No                    360                    NO          NON-IO                    EMC
       1456       First Lien                No                    360                    NO          NON-IO                    EMC
       1457       First Lien                No                    360                    NO          NON-IO                    EMC
       1458       First Lien                No                    360                    NO          NON-IO                    EMC
       1459       First Lien                No                    360                    NO          NON-IO                    EMC
       1460       First Lien                No                    480                    NO          NON-IO                    EMC
       1461       First Lien                No                    360                    NO          NON-IO                    EMC
       1462       First Lien                No                    360                    NO          NON-IO                    EMC
       1463       Second Lien               No                    360                    NO          NON-IO                    EMC
       1464       First Lien                No                    360                    YES         5 YEARS                   EMC
       1465       First Lien                No                    360                    YES         5 YEARS                   EMC
       1466       First Lien                No                    480                    NO          NON-IO                    EMC
       1467       First Lien                No                    360                    NO          NON-IO                    EMC
       1468       Second Lien               No                    360                    NO          NON-IO                    EMC
       1469       First Lien                No                    360                    NO          NON-IO                    EMC
       1470       Second Lien               No                    360                    NO          NON-IO                    EMC
       1471       First Lien                No                    360                    NO          NON-IO                    EMC
       1472       First Lien                No                    480                    NO          NON-IO                    EMC
       1473       First Lien                No                    360                    NO          NON-IO                    EMC
       1474       First Lien                No                    480                    NO          NON-IO                    EMC
       1475       First Lien                No                    360                    NO          NON-IO                    EMC
       1476       First Lien                No                    360                    YES         5 YEARS                   EMC
       1477       First Lien                No                    480                    NO          NON-IO                    EMC
       1478       Second Lien               No                    360                    NO          NON-IO                    EMC
       1479       First Lien                No                    360                    NO          NON-IO                    EMC
       1480       Second Lien               No                    360                    NO          NON-IO                    EMC
       1481       Second Lien               No                    360                    NO          NON-IO                    EMC
       1482       Second Lien               No                    360                    NO          NON-IO                    EMC
       1483       First Lien                No                    480                    NO          NON-IO                    EMC
       1484       First Lien                No                    360                    NO          NON-IO                    EMC
       1485       First Lien                No                    360                    NO          NON-IO                    EMC
       1486       First Lien                No                    480                    NO          NON-IO                    EMC
       1487       First Lien                No                    360                    NO          NON-IO                    EMC
       1488       First Lien                No                    360                    NO          NON-IO                    EMC
       1489       First Lien                No                    360                    NO          NON-IO                    EMC
       1490       First Lien                No                    360                    NO          NON-IO                    EMC
       1491       First Lien                No                    360                    NO          NON-IO                    EMC
       1492       First Lien                No                    360                    NO          NON-IO                    EMC
       1493       First Lien                No                    360                    NO          NON-IO                    EMC
       1494       Second Lien               No                    360                    NO          NON-IO                    EMC
       1495       First Lien                No                    480                    NO          NON-IO                    EMC
       1496       First Lien                No                    360                    NO          NON-IO                    EMC
       1497       Second Lien               No                    360                    NO          NON-IO                    EMC
       1498       First Lien                No                    360                    NO          NON-IO                    EMC
       1499       First Lien                No                    480                    NO          NON-IO                    EMC
       1500       First Lien                No                    360                    NO          NON-IO                    EMC
       1501       Second Lien               No                    360                    NO          NON-IO                    EMC
       1502       First Lien                No                    360                    NO          NON-IO                    EMC
       1503       Second Lien               No                    360                    NO          NON-IO                    EMC
       1504       Second Lien               No                    360                    NO          NON-IO                    EMC
       1505       First Lien                No                    360                    NO          NON-IO                    EMC
       1506       Second Lien               No                    360                    NO          NON-IO                    EMC
       1507       First Lien                No                    360                    NO          NON-IO                    EMC
       1508       First Lien                No                    360                    NO          NON-IO                    EMC
       1509       First Lien                No                    360                    YES         5 YEARS                   EMC
       1510       First Lien                No                    360                    NO          NON-IO                    EMC
       1511       First Lien                No                    360                    YES         5 YEARS                   EMC
       1512       First Lien                No                    480                    NO          NON-IO                    EMC
       1513       First Lien                No                    360                    NO          NON-IO                    EMC
       1514       Second Lien               No                    360                    NO          NON-IO                    EMC
       1515       First Lien                No                    480                    NO          NON-IO                    EMC
       1516       Second Lien               No                    360                    NO          NON-IO                    EMC
       1517       Second Lien               No                    360                    NO          NON-IO                    EMC
       1518       First Lien                No                    360                    NO          NON-IO                    EMC
       1519       Second Lien               No                    360                    NO          NON-IO                    EMC
       1520       First Lien                No                    360                    NO          NON-IO                    EMC
       1521       Second Lien               No                    360                    NO          NON-IO                    EMC
       1522       First Lien                No                    360                    NO          NON-IO                    EMC
       1523       Second Lien               No                    360                    NO          NON-IO                    EMC
       1524       First Lien                No                    360                    NO          NON-IO                    EMC
       1525       Second Lien               No                    360                    NO          NON-IO                    EMC
       1526       First Lien                No                    360                    NO          NON-IO                    EMC
       1527       First Lien                No                    480                    NO          NON-IO                    EMC
       1528       First Lien                No                    360                    NO          NON-IO                    EMC
       1529       First Lien                No                    360                    NO          NON-IO                    EMC
       1530       First Lien                No                    360                    NO          NON-IO                    EMC
       1531       First Lien                No                    360                    NO          NON-IO                    EMC
       1532       First Lien                No                    360                    NO          NON-IO                    EMC
       1533       First Lien                No                    360                    NO          NON-IO                    EMC
       1534       First Lien                No                    480                    NO          NON-IO                    EMC
       1535       First Lien                No                    480                    NO          NON-IO                    EMC
       1536       First Lien                No                    480                    NO          NON-IO                    EMC
       1537       First Lien                No                    480                    NO          NON-IO                    EMC
       1538       First Lien                No                    480                    NO          NON-IO                    EMC
       1539       First Lien                No                    360                    NO          NON-IO                    EMC
       1540       First Lien                No                    360                    NO          NON-IO                    EMC
       1541       First Lien                No                    480                    NO          NON-IO                    EMC
       1542       First Lien                No                    360                    NO          NON-IO                    EMC
       1543       First Lien                No                    480                    NO          NON-IO                    EMC
       1544       First Lien                No                    360                    NO          NON-IO                    EMC
       1545       First Lien                No                    360                    NO          NON-IO                    EMC
       1546       First Lien                No                    360                    NO          NON-IO                    EMC
       1547       First Lien                No                    360                    NO          NON-IO                    EMC
       1548       First Lien                No                    360                    NO          NON-IO                    EMC
       1549       First Lien                No                    480                    NO          NON-IO                    EMC
       1550       First Lien                No                    360                    NO          NON-IO                    EMC
       1551       First Lien                No                    360                    NO          NON-IO                    EMC
       1552       First Lien                No                    360                    NO          NON-IO                    EMC
       1553       First Lien                No                    360                    NO          NON-IO                    EMC
       1554       First Lien                No                    360                    NO          NON-IO                    EMC
       1555       First Lien                No                    480                    NO          NON-IO                    EMC
       1556       First Lien                No                    480                    NO          NON-IO                    EMC
       1557       First Lien                No                    360                    NO          NON-IO                    EMC
       1558       First Lien                No                    480                    NO          NON-IO                    EMC
       1559       First Lien                No                    360                    NO          NON-IO                    EMC
       1560       First Lien                No                    360                    NO          NON-IO                    EMC
       1561       First Lien                No                    480                    NO          NON-IO                    EMC
       1562       First Lien                No                    360                    NO          NON-IO                    EMC
       1563       First Lien                No                    360                    NO          NON-IO                    EMC
       1564       First Lien                No                    360                    NO          NON-IO                    EMC
       1565       First Lien                No                    480                    NO          NON-IO                    EMC
       1566       First Lien                No                    480                    NO          NON-IO                    EMC
       1567       First Lien                No                    360                    YES         5 YEARS                   EMC
       1568       First Lien                No                    480                    NO          NON-IO                    EMC
       1569       First Lien                No                    480                    NO          NON-IO                    EMC
       1570       First Lien                No                    240                    NO          NON-IO                    EMC
       1571       First Lien                No                    360                    NO          NON-IO                    EMC
       1572       First Lien                No                    360                    NO          NON-IO                    EMC
       1573       First Lien                No                    480                    NO          NON-IO                    EMC
       1574       First Lien                No                    360                    NO          NON-IO                    EMC
       1575       First Lien                No                    360                    YES         5 YEARS                   EMC
       1576       First Lien                No                    480                    NO          NON-IO                    EMC
       1577       First Lien                No                    480                    NO          NON-IO                    EMC
       1578       First Lien                No                    360                    NO          NON-IO                    EMC
       1579       First Lien                No                    360                    NO          NON-IO                    EMC
       1580       First Lien                No                    360                    YES         5 YEARS                   EMC
       1581       First Lien                No                    360                    NO          NON-IO                    EMC
       1582       First Lien                No                    360                    NO          NON-IO                    EMC
       1583       First Lien                No                    360                    NO          NON-IO                    EMC
       1584       First Lien                No                    480                    NO          NON-IO                    EMC
       1585       First Lien                No                    480                    NO          NON-IO                    EMC
       1586       First Lien                No                    360                    NO          NON-IO                    EMC
       1587       First Lien                No                    360                    NO          NON-IO                    EMC
       1588       First Lien                No                    480                    NO          NON-IO                    EMC
       1589       First Lien                No                    360                    NO          NON-IO                    EMC
       1590       First Lien                No                    480                    NO          NON-IO                    EMC
       1591       First Lien                No                    360                    YES         5 YEARS                   EMC
       1592       First Lien                No                    360                    YES         5 YEARS                   EMC
       1593       First Lien                No                    360                    YES         5 YEARS                   EMC
       1594       First Lien                No                    360                    NO          NON-IO                    EMC
       1595       First Lien                No                    480                    NO          NON-IO                    EMC
       1596       First Lien                No                    360                    NO          NON-IO                    EMC
       1597       First Lien                No                    480                    NO          NON-IO                    EMC
       1598       First Lien                No                    360                    YES         5 YEARS                   EMC
       1599       First Lien                No                    480                    NO          NON-IO                    EMC
       1600       First Lien                No                    360                    NO          NON-IO                    EMC
       1601       First Lien                No                    480                    NO          NON-IO                    EMC
       1602       First Lien                No                    360                    NO          NON-IO                    EMC
       1603       First Lien                No                    360                    NO          NON-IO                    EMC
       1604       First Lien                No                    480                    NO          NON-IO                    EMC
       1605       First Lien                No                    480                    NO          NON-IO                    EMC
       1606       First Lien                No                    360                    NO          NON-IO                    EMC
       1607       First Lien                No                    360                    NO          NON-IO                    EMC
       1608       First Lien                No                    480                    NO          NON-IO                    EMC
       1609       First Lien                No                    360                    NO          NON-IO                    EMC
       1610       First Lien                No                    360                    NO          NON-IO                    EMC
       1611       First Lien                No                    480                    NO          NON-IO                    EMC
       1612       First Lien                No                    480                    NO          NON-IO                    EMC
       1613       First Lien                No                    360                    YES         5 YEARS                   EMC
       1614       First Lien                No                    360                    NO          NON-IO                    EMC
       1615       First Lien                No                    360                    YES         5 YEARS                   EMC
       1616       First Lien                No                    360                    NO          NON-IO                    EMC
       1617       First Lien                No                    480                    NO          NON-IO                    EMC
       1618       First Lien                No                    360                    YES         5 YEARS                   EMC
       1619       First Lien                No                    480                    NO          NON-IO                    EMC
       1620       First Lien                No                    480                    NO          NON-IO                    EMC
       1621       First Lien                No                    480                    NO          NON-IO                    EMC
       1622       First Lien                No                    480                    NO          NON-IO                    EMC
       1623       First Lien                No                    360                    NO          NON-IO                    EMC
       1624       First Lien                No                    480                    NO          NON-IO                    EMC
       1625       First Lien                No                    480                    NO          NON-IO                    EMC
       1626       First Lien                No                    480                    NO          NON-IO                    EMC
       1627       First Lien                No                    360                    NO          NON-IO                    EMC
       1628       First Lien                No                    360                    NO          NON-IO                    EMC
       1629       First Lien                No                    360                    NO          NON-IO                    EMC
       1630       First Lien                No                    360                    NO          NON-IO                    EMC
       1631       First Lien                No                    480                    NO          NON-IO                    EMC
       1632       First Lien                No                    360                    NO          NON-IO                    EMC
       1633       First Lien                No                    480                    NO          NON-IO                    EMC
       1634       First Lien                No                    480                    NO          NON-IO                    EMC
       1635       First Lien                No                    480                    NO          NON-IO                    EMC
       1636       First Lien                No                    360                    NO          NON-IO                    EMC
       1637       First Lien                No                    480                    NO          NON-IO                    EMC
       1638       First Lien                No                    360                    NO          NON-IO                    EMC
       1639       First Lien                No                    480                    NO          NON-IO                    EMC
       1640       First Lien                No                    360                    YES         5 YEARS                   EMC
       1641       First Lien                No                    360                    YES         5 YEARS                   EMC
       1642       First Lien                No                    480                    NO          NON-IO                    EMC
       1643       First Lien                No                    360                    NO          NON-IO                    EMC
       1644       First Lien                No                    480                    NO          NON-IO                    EMC
       1645       First Lien                No                    360                    NO          NON-IO                    EMC
       1646       First Lien                No                    480                    NO          NON-IO                    EMC
       1647       First Lien                No                    360                    NO          NON-IO                    EMC
       1648       First Lien                No                    480                    NO          NON-IO                    EMC
       1649       First Lien                No                    360                    NO          NON-IO                    EMC
       1650       First Lien                No                    480                    NO          NON-IO                    EMC
       1651       First Lien                No                    480                    NO          NON-IO                    EMC
       1652       First Lien                No                    480                    NO          NON-IO                    EMC
       1653       First Lien                No                    360                    NO          NON-IO                    EMC
       1654       First Lien                No                    480                    NO          NON-IO                    EMC
       1655       First Lien                No                    360                    NO          NON-IO                    EMC
       1656       First Lien                No                    480                    NO          NON-IO                    EMC
       1657       First Lien                No                    360                    YES         5 YEARS                   EMC
       1658       First Lien                No                    480                    NO          NON-IO                    EMC
       1659       First Lien                No                    360                    YES         5 YEARS                   EMC
       1660       First Lien                No                    360                    NO          NON-IO                    EMC
       1661       First Lien                No                    480                    NO          NON-IO                    EMC
       1662       First Lien                No                    360                    NO          NON-IO                    EMC
       1663       First Lien                No                    480                    NO          NON-IO                    EMC
       1664       First Lien                No                    360                    NO          NON-IO                    EMC
       1665       First Lien                No                    480                    NO          NON-IO                    EMC
       1666       First Lien                No                    480                    NO          NON-IO                    EMC
       1667       First Lien                No                    480                    NO          NON-IO                    EMC
       1668       First Lien                No                    480                    NO          NON-IO                    EMC
       1669       First Lien                No                    360                    NO          NON-IO                    EMC
       1670       First Lien                No                    360                    NO          NON-IO                    EMC
       1671       First Lien                No                    480                    NO          NON-IO                    EMC
       1672       First Lien                No                    360                    NO          NON-IO                    EMC
       1673       First Lien                No                    360                    YES         5 YEARS                   EMC
       1674       First Lien                No                    480                    NO          NON-IO                    EMC
       1675       First Lien                No                    360                    NO          NON-IO                    EMC
       1676       First Lien                No                    360                    NO          NON-IO                    EMC
       1677       First Lien                No                    360                    NO          NON-IO                    EMC
       1678       First Lien                No                    480                    NO          NON-IO                    EMC
       1679       First Lien                No                    360                    NO          NON-IO                    EMC
       1680       First Lien                No                    360                    NO          NON-IO                    EMC
       1681       First Lien                No                    360                    NO          NON-IO                    EMC
       1682       First Lien                No                    360                    NO          NON-IO                    EMC
       1683       First Lien                No                    360                    NO          NON-IO                    EMC
       1684       First Lien                No                    480                    NO          NON-IO                    EMC
       1685       First Lien                No                    360                    NO          NON-IO                    EMC
       1686       First Lien                No                    480                    NO          NON-IO                    EMC
       1687       First Lien                No                    360                    NO          NON-IO                    EMC
       1688       First Lien                No                    360                    YES         5 YEARS                   EMC
       1689       First Lien                No                    360                    NO          NON-IO                    EMC
       1690       First Lien                No                    480                    NO          NON-IO                    EMC
       1691       First Lien                No                    360                    NO          NON-IO                    EMC
       1692       First Lien                No                    360                    YES         5 YEARS                   EMC
       1693       First Lien                No                    480                    NO          NON-IO                    EMC
       1694       First Lien                No                    480                    NO          NON-IO                    EMC
       1695       First Lien                No                    360                    NO          NON-IO                    EMC
       1696       First Lien                No                    360                    NO          NON-IO                    EMC
       1697       First Lien                No                    360                    YES         5 YEARS                   EMC
       1698       First Lien                No                    360                    NO          NON-IO                    EMC
       1699       First Lien                No                    360                    NO          NON-IO                    EMC
       1700       First Lien                No                    480                    NO          NON-IO                    EMC
       1701       First Lien                No                    360                    YES         5 YEARS                   EMC
       1702       First Lien                No                    360                    NO          NON-IO                    EMC
       1703       First Lien                No                    480                    NO          NON-IO                    EMC
       1704       First Lien                No                    480                    NO          NON-IO                    EMC
       1705       First Lien                No                    480                    NO          NON-IO                    EMC
       1706       First Lien                No                    360                    NO          NON-IO                    EMC
       1707       First Lien                No                    360                    NO          NON-IO                    EMC
       1708       First Lien                No                    360                    NO          NON-IO                    EMC
       1709       First Lien                No                    480                    NO          NON-IO                    EMC
       1710       First Lien                No                    480                    NO          NON-IO                    EMC
       1711       First Lien                No                    480                    NO          NON-IO                    EMC
       1712       First Lien                No                    480                    NO          NON-IO                    EMC
       1713       First Lien                No                    480                    NO          NON-IO                    EMC
       1714       First Lien                No                    480                    NO          NON-IO                    EMC
       1715       First Lien                No                    480                    NO          NON-IO                    EMC
       1716       First Lien                No                    480                    NO          NON-IO                    EMC
       1717       First Lien                No                    360                    NO          NON-IO                    EMC
       1718       First Lien                No                    360                    NO          NON-IO                    EMC
       1719       First Lien                No                    360                    NO          NON-IO                    EMC
       1720       First Lien                No                    480                    NO          NON-IO                    EMC
       1721       First Lien                No                    480                    NO          NON-IO                    EMC
       1722       First Lien                No                    480                    NO          NON-IO                    EMC
       1723       First Lien                No                    360                    NO          NON-IO                    EMC
       1724       First Lien                No                    480                    NO          NON-IO                    EMC
       1725       First Lien                No                    480                    NO          NON-IO                    EMC
       1726       First Lien                No                    360                    NO          NON-IO                    EMC
       1727       First Lien                No                    360                    YES         5 YEARS                   EMC
       1728       First Lien                No                    360                    NO          NON-IO                    EMC
       1729       First Lien                No                    480                    NO          NON-IO                    EMC
       1730       First Lien                No                    360                    NO          NON-IO                    EMC
       1731       First Lien                No                    480                    NO          NON-IO                    EMC
       1732       First Lien                No                    360                    NO          NON-IO                    EMC
       1733       First Lien                No                    480                    NO          NON-IO                    EMC
       1734       First Lien                No                    360                    YES         5 YEARS                   EMC
       1735       First Lien                No                    480                    NO          NON-IO                    EMC
       1736       First Lien                No                    360                    NO          NON-IO                    EMC
       1737       First Lien                No                    480                    NO          NON-IO                    EMC
       1738       First Lien                No                    480                    NO          NON-IO                    EMC
       1739       First Lien                No                    360                    NO          NON-IO                    EMC
       1740       First Lien                No                    360                    YES         5 YEARS                   EMC
       1741       First Lien                No                    360                    NO          NON-IO                    EMC
       1742       First Lien                No                    360                    NO          NON-IO                    EMC
       1743       First Lien                No                    360                    YES         5 YEARS                   EMC
       1744       First Lien                No                    480                    NO          NON-IO                    EMC
       1745       First Lien                No                    360                    NO          NON-IO                    EMC
       1746       First Lien                No                    480                    NO          NON-IO                    EMC
       1747       First Lien                No                    480                    NO          NON-IO                    EMC
       1748       First Lien                No                    360                    NO          NON-IO                    EMC
       1749       First Lien                No                    480                    NO          NON-IO                    EMC
       1750       First Lien                No                    480                    NO          NON-IO                    EMC
       1751       First Lien                No                    360                    NO          NON-IO                    EMC
       1752       First Lien                No                    360                    NO          NON-IO                    EMC
       1753       First Lien                No                    360                    YES         5 YEARS                   EMC
       1754       First Lien                No                    360                    NO          NON-IO                    EMC
       1755       First Lien                No                    360                    NO          NON-IO                    EMC
       1756       First Lien                No                    360                    NO          NON-IO                    EMC
       1757       First Lien                No                    360                    NO          NON-IO                    EMC
       1758       First Lien                No                    480                    NO          NON-IO                    EMC
       1759       First Lien                No                    360                    YES         5 YEARS                   EMC
       1760       First Lien                No                    360                    NO          NON-IO                    EMC
       1761       First Lien                No                    480                    NO          NON-IO                    EMC
       1762       First Lien                No                    480                    NO          NON-IO                    EMC
       1763       First Lien                No                    480                    NO          NON-IO                    EMC
       1764       First Lien                No                    480                    NO          NON-IO                    EMC
       1765       First Lien                No                    360                    NO          NON-IO                    EMC
       1766       First Lien                No                    480                    NO          NON-IO                    EMC
       1767       First Lien                No                    360                    NO          NON-IO                    EMC
       1768       First Lien                No                    480                    NO          NON-IO                    EMC
       1769       First Lien                No                    360                    NO          NON-IO                    EMC
       1770       First Lien                No                    360                    YES         5 YEARS                   EMC
       1771       First Lien                No                    360                    NO          NON-IO                    EMC
       1772       First Lien                No                    360                    NO          NON-IO                    EMC
       1773       First Lien                No                    360                    NO          NON-IO                    EMC
       1774       First Lien                No                    360                    YES         5 YEARS                   EMC
       1775       First Lien                No                    360                    NO          NON-IO                    EMC
       1776       First Lien                No                    360                    YES         5 YEARS                   EMC
       1777       First Lien                No                    360                    NO          NON-IO                    EMC
       1778       First Lien                No                    360                    NO          NON-IO                    EMC
       1779       First Lien                No                    360                    NO          NON-IO                    EMC
       1780       First Lien                No                    480                    NO          NON-IO                    EMC
       1781       First Lien                No                    360                    NO          NON-IO                    EMC
       1782       First Lien                No                    480                    NO          NON-IO                    EMC
       1783       First Lien                No                    360                    NO          NON-IO                    EMC
       1784       First Lien                No                    360                    NO          NON-IO                    EMC
       1785       First Lien                No                    360                    YES         5 YEARS                   EMC
       1786       First Lien                No                    360                    NO          NON-IO                    EMC
       1787       First Lien                No                    360                    NO          NON-IO                    EMC
       1788       First Lien                No                    360                    NO          NON-IO                    EMC
       1789       First Lien                No                    360                    NO          NON-IO                    EMC
       1790       First Lien                No                    480                    NO          NON-IO                    EMC
       1791       First Lien                No                    360                    NO          NON-IO                    EMC
       1792       First Lien                No                    360                    NO          NON-IO                    EMC
       1793       First Lien                No                    360                    NO          NON-IO                    EMC
       1794       First Lien                No                    480                    NO          NON-IO                    EMC
       1795       First Lien                No                    360                    NO          NON-IO                    EMC
       1796       First Lien                No                    360                    NO          NON-IO                    EMC
       1797       First Lien                No                    360                    NO          NON-IO                    EMC
       1798       First Lien                No                    360                    NO          NON-IO                    EMC
       1799       First Lien                No                    360                    NO          NON-IO                    EMC
       1800       First Lien                No                    360                    NO          NON-IO                    EMC
       1801       First Lien                No                    480                    NO          NON-IO                    EMC
       1802       First Lien                No                    480                    NO          NON-IO                    EMC
       1803       First Lien                No                    360                    YES         5 YEARS                   EMC
       1804       First Lien                No                    360                    NO          NON-IO                    EMC
       1805       First Lien                No                    360                    YES         5 YEARS                   EMC
       1806       First Lien                No                    480                    NO          NON-IO                    EMC
       1807       First Lien                No                    480                    NO          NON-IO                    EMC
       1808       First Lien                No                    480                    NO          NON-IO                    EMC
       1809       First Lien                No                    360                    NO          NON-IO                    EMC
       1810       First Lien                No                    360                    NO          NON-IO                    EMC
       1811       First Lien                No                    360                    YES         5 YEARS                   EMC
       1812       First Lien                No                    360                    NO          NON-IO                    EMC
       1813       First Lien                No                    360                    NO          NON-IO                    EMC
       1814       First Lien                No                    360                    NO          NON-IO                    EMC
       1815       First Lien                No                    360                    NO          NON-IO                    EMC
       1816       First Lien                No                    480                    NO          NON-IO                    EMC
       1817       First Lien                No                    360                    YES         5 YEARS                   EMC
       1818       First Lien                No                    360                    NO          NON-IO                    EMC
       1819       First Lien                No                    360                    NO          NON-IO                    EMC
       1820       First Lien                No                    360                    NO          NON-IO                    EMC
       1821       First Lien                No                    360                    YES         5 YEARS                   EMC
       1822       First Lien                No                    480                    NO          NON-IO                    EMC
       1823       First Lien                No                    360                    YES         5 YEARS                   EMC
       1824       First Lien                No                    480                    NO          NON-IO                    EMC
       1825       First Lien                No                    360                    NO          NON-IO                    EMC
       1826       First Lien                No                    480                    NO          NON-IO                    EMC
       1827       First Lien                No                    480                    NO          NON-IO                    EMC
       1828       First Lien                No                    360                    NO          NON-IO                    EMC
       1829       First Lien                No                    360                    YES         5 YEARS                   EMC
       1830       First Lien                No                    360                    YES         5 YEARS                   EMC
       1831       First Lien                No                    360                    NO          NON-IO                    EMC
       1832       First Lien                No                    480                    NO          NON-IO                    EMC
       1833       First Lien                No                    480                    NO          NON-IO                    EMC
       1834       First Lien                No                    480                    NO          NON-IO                    EMC
       1835       First Lien                No                    480                    NO          NON-IO                    EMC
       1836       First Lien                No                    480                    NO          NON-IO                    EMC
       1837       First Lien                No                    360                    NO          NON-IO                    EMC
       1838       First Lien                No                    360                    NO          NON-IO                    EMC
       1839       First Lien                No                    360                    NO          NON-IO                    EMC
       1840       First Lien                No                    360                    NO          NON-IO                    EMC
       1841       First Lien                No                    360                    YES         5 YEARS                   EMC
       1842       First Lien                No                    480                    NO          NON-IO                    EMC
       1843       First Lien                No                    360                    YES         5 YEARS                   EMC
       1844       First Lien                No                    360                    NO          NON-IO                    EMC
       1845       First Lien                No                    480                    NO          NON-IO                    EMC
       1846       First Lien                No                    360                    NO          NON-IO                    EMC
       1847       First Lien                No                    360                    NO          NON-IO                    EMC
       1848       First Lien                No                    480                    NO          NON-IO                    EMC
       1849       First Lien                No                    480                    NO          NON-IO                    EMC
       1850       First Lien                No                    360                    NO          NON-IO                    EMC
       1851       First Lien                No                    360                    NO          NON-IO                    EMC
       1852       First Lien                No                    360                    NO          NON-IO                    EMC
       1853       First Lien                No                    480                    NO          NON-IO                    EMC
       1854       First Lien                No                    360                    NO          NON-IO                    EMC
       1855       First Lien                No                    360                    NO          NON-IO                    EMC
       1856       First Lien                No                    480                    NO          NON-IO                    EMC
       1857       First Lien                No                    480                    NO          NON-IO                    EMC
       1858       First Lien                No                    360                    YES         5 YEARS                   EMC
       1859       First Lien                No                    360                    NO          NON-IO                    EMC
       1860       First Lien                No                    480                    NO          NON-IO                    EMC
       1861       First Lien                No                    480                    NO          NON-IO                    EMC
       1862       First Lien                No                    360                    YES         5 YEARS                   EMC
       1863       First Lien                No                    360                    NO          NON-IO                    EMC
       1864       First Lien                No                    480                    NO          NON-IO                    EMC
       1865       First Lien                No                    360                    NO          NON-IO                    EMC
       1866       First Lien                No                    360                    NO          NON-IO                    EMC
       1867       First Lien                No                    360                    NO          NON-IO                    EMC
       1868       First Lien                No                    360                    NO          NON-IO                    EMC
       1869       First Lien                No                    360                    NO          NON-IO                    EMC
       1870       First Lien                No                    360                    YES         5 YEARS                   EMC
       1871       First Lien                No                    480                    NO          NON-IO                    EMC
       1872       First Lien                No                    360                    YES         5 YEARS                   EMC
       1873       First Lien                No                    480                    NO          NON-IO                    EMC
       1874       First Lien                No                    360                    NO          NON-IO                    EMC
       1875       First Lien                No                    360                    NO          NON-IO                    EMC
       1876       First Lien                No                    480                    NO          NON-IO                    EMC
       1877       First Lien                No                    480                    NO          NON-IO                    EMC
       1878       First Lien                No                    360                    NO          NON-IO                    EMC
       1879       First Lien                No                    360                    NO          NON-IO                    EMC
       1880       First Lien                No                    360                    NO          NON-IO                    EMC
       1881       First Lien                No                    360                    NO          NON-IO                    EMC
       1882       First Lien                No                    360                    YES         5 YEARS                   EMC
       1883       First Lien                No                    360                    NO          NON-IO                    EMC
       1884       First Lien                No                    480                    NO          NON-IO                    EMC
       1885       First Lien                No                    360                    NO          NON-IO                    EMC
       1886       First Lien                No                    360                    NO          NON-IO                    EMC
       1887       First Lien                No                    360                    NO          NON-IO                    EMC
       1888       First Lien                No                    360                    NO          NON-IO                    EMC
       1889       First Lien                No                    360                    NO          NON-IO                    EMC
       1890       First Lien                No                    360                    NO          NON-IO                    EMC
       1891       First Lien                No                    480                    NO          NON-IO                    EMC
       1892       First Lien                No                    480                    NO          NON-IO                    EMC
       1893       First Lien                No                    480                    NO          NON-IO                    EMC
       1894       First Lien                No                    360                    NO          NON-IO                    EMC
       1895       First Lien                No                    480                    NO          NON-IO                    EMC
       1896       First Lien                No                    480                    NO          NON-IO                    EMC
       1897       First Lien                No                    480                    NO          NON-IO                    EMC
       1898       First Lien                No                    480                    NO          NON-IO                    EMC
       1899       First Lien                No                    360                    NO          NON-IO                    EMC
       1900       First Lien                No                    360                    NO          NON-IO                    EMC
       1901       First Lien                No                    360                    NO          NON-IO                    EMC
       1902       First Lien                No                    360                    NO          NON-IO                    EMC
       1903       First Lien                No                    480                    NO          NON-IO                    EMC
       1904       First Lien                No                    360                    NO          NON-IO                    EMC
       1905       First Lien                No                    480                    NO          NON-IO                    EMC
       1906       First Lien                No                    360                    NO          NON-IO                    EMC
       1907       First Lien                No                    360                    NO          NON-IO                    EMC
       1908       First Lien                No                    360                    NO          NON-IO                    EMC
       1909       First Lien                No                    360                    YES         5 YEARS                   EMC
       1910       First Lien                No                    480                    NO          NON-IO                    EMC
       1911       First Lien                No                    360                    NO          NON-IO                    EMC
       1912       First Lien                No                    360                    NO          NON-IO                    EMC
       1913       First Lien                No                    360                    NO          NON-IO                    EMC
       1914       First Lien                No                    480                    NO          NON-IO                    EMC
       1915       First Lien                No                    360                    NO          NON-IO                    EMC
       1916       First Lien                No                    360                    NO          NON-IO                    EMC
       1917       First Lien                No                    480                    NO          NON-IO                    EMC
       1918       First Lien                No                    360                    NO          NON-IO                    EMC
       1919       First Lien                No                    480                    NO          NON-IO                    EMC
       1920       First Lien                No                    360                    NO          NON-IO                    EMC
       1921       First Lien                No                    480                    NO          NON-IO                    EMC
       1922       First Lien                No                    480                    NO          NON-IO                    EMC
       1923       First Lien                No                    480                    NO          NON-IO                    EMC
       1924       First Lien                No                    480                    NO          NON-IO                    EMC
       1925       First Lien                No                    480                    NO          NON-IO                    EMC
       1926       First Lien                No                    360                    YES         5 YEARS                   EMC
       1927       First Lien                No                    360                    NO          NON-IO                    EMC
       1928       First Lien                No                    360                    NO          NON-IO                    EMC
       1929       First Lien                No                    360                    NO          NON-IO                    EMC
       1930       First Lien                No                    480                    NO          NON-IO                    EMC
       1931       First Lien                No                    360                    NO          NON-IO                    EMC
       1932       First Lien                No                    360                    YES         5 YEARS                   EMC
       1933       First Lien                No                    360                    YES         5 YEARS                   EMC
       1934       First Lien                No                    360                    NO          NON-IO                    EMC
       1935       First Lien                No                    360                    YES         5 YEARS                   EMC
       1936       First Lien                No                    480                    NO          NON-IO                    EMC
       1937       First Lien                No                    480                    NO          NON-IO                    EMC
       1938       First Lien                No                    360                    NO          NON-IO                    EMC
       1939       First Lien                No                    360                    NO          NON-IO                    EMC
       1940       First Lien                No                    360                    NO          NON-IO                    EMC
       1941       First Lien                No                    360                    NO          NON-IO                    EMC
       1942       First Lien                No                    360                    NO          NON-IO                    EMC
       1943       First Lien                No                    360                    NO          NON-IO                    EMC
       1944       First Lien                No                    360                    NO          NON-IO                    EMC
       1945       First Lien                No                    360                    NO          NON-IO                    EMC
       1946       First Lien                No                    480                    NO          NON-IO                    EMC
       1947       First Lien                No                    360                    NO          NON-IO                    EMC
       1948       First Lien                No                    480                    NO          NON-IO                    EMC
       1949       First Lien                No                    360                    NO          NON-IO                    EMC
       1950       First Lien                No                    360                    NO          NON-IO                    EMC
       1951       First Lien                No                    480                    NO          NON-IO                    EMC
       1952       First Lien                No                    360                    NO          NON-IO                    EMC
       1953       First Lien                No                    360                    NO          NON-IO                    EMC
       1954       First Lien                No                    360                    YES         5 YEARS                   EMC
       1955       First Lien                No                    480                    NO          NON-IO                    EMC
       1956       First Lien                No                    480                    NO          NON-IO                    EMC
       1957       First Lien                No                    480                    NO          NON-IO                    EMC
       1958       First Lien                No                    360                    NO          NON-IO                    EMC
       1959       First Lien                No                    360                    NO          NON-IO                    EMC
       1960       First Lien                No                    360                    NO          NON-IO                    EMC
       1961       First Lien                No                    480                    NO          NON-IO                    EMC
       1962       First Lien                No                    360                    NO          NON-IO                    EMC
       1963       First Lien                No                    360                    NO          NON-IO                    EMC
       1964       First Lien                No                    480                    NO          NON-IO                    EMC
       1965       First Lien                No                    480                    NO          NON-IO                    EMC
       1966       First Lien                No                    480                    NO          NON-IO                    EMC
       1967       First Lien                No                    360                    YES         5 YEARS                   EMC
       1968       First Lien                No                    360                    NO          NON-IO                    EMC
       1969       First Lien                No                    360                    NO          NON-IO                    EMC
       1970       First Lien                No                    360                    YES         5 YEARS                   EMC
       1971       First Lien                No                    480                    NO          NON-IO                    EMC
       1972       First Lien                No                    480                    NO          NON-IO                    EMC
       1973       First Lien                No                    360                    NO          NON-IO                    EMC
       1974       First Lien                No                    360                    NO          NON-IO                    EMC
       1975       First Lien                No                    360                    NO          NON-IO                    EMC
       1976       First Lien                No                    360                    NO          NON-IO                    EMC
       1977       First Lien                No                    360                    YES         5 YEARS                   EMC
       1978       First Lien                No                    360                    NO          NON-IO                    EMC
       1979       First Lien                No                    360                    NO          NON-IO                    EMC
       1980       First Lien                No                    360                    NO          NON-IO                    EMC
       1981       First Lien                No                    480                    NO          NON-IO                    EMC
       1982       First Lien                No                    360                    NO          NON-IO                    EMC
       1983       First Lien                No                    360                    NO          NON-IO                    EMC
       1984       First Lien                No                    360                    NO          NON-IO                    EMC
       1985       First Lien                No                    480                    NO          NON-IO                    EMC
       1986       First Lien                No                    360                    NO          NON-IO                    EMC
       1987       First Lien                No                    360                    NO          NON-IO                    EMC
       1988       First Lien                No                    360                    NO          NON-IO                    EMC
       1989       First Lien                No                    360                    NO          NON-IO                    EMC
       1990       First Lien                No                    360                    YES         5 YEARS                   EMC
       1991       First Lien                No                    360                    NO          NON-IO                    EMC
       1992       First Lien                No                    480                    NO          NON-IO                    EMC
       1993       First Lien                No                    480                    NO          NON-IO                    EMC
       1994       First Lien                No                    360                    NO          NON-IO                    EMC
       1995       First Lien                No                    360                    NO          NON-IO                    EMC
       1996       First Lien                No                    360                    NO          NON-IO                    EMC
       1997       First Lien                No                    480                    NO          NON-IO                    EMC
       1998       First Lien                No                    480                    NO          NON-IO                    EMC
       1999       First Lien                No                    480                    NO          NON-IO                    EMC
       2000       First Lien                No                    360                    NO          NON-IO                    EMC
       2001       First Lien                No                    360                    NO          NON-IO                    EMC
       2002       First Lien                No                    480                    NO          NON-IO                    EMC
       2003       First Lien                No                    360                    NO          NON-IO                    EMC
       2004       First Lien                No                    480                    NO          NON-IO                    EMC
       2005       First Lien                No                    360                    NO          NON-IO                    EMC
       2006       First Lien                No                    360                    NO          NON-IO                    EMC
       2007       First Lien                No                    360                    YES         5 YEARS                   EMC
       2008       First Lien                No                    480                    NO          NON-IO                    EMC
       2009       First Lien                No                    360                    YES         5 YEARS                   EMC
       2010       First Lien                No                    480                    NO          NON-IO                    EMC
       2011       First Lien                No                    360                    NO          NON-IO                    EMC
       2012       First Lien                No                    360                    NO          NON-IO                    EMC
       2013       First Lien                No                    480                    NO          NON-IO                    EMC
       2014       First Lien                No                    480                    NO          NON-IO                    EMC
       2015       First Lien                No                    360                    YES         5 YEARS                   EMC
       2016       First Lien                No                    360                    YES         5 YEARS                   EMC
       2017       First Lien                No                    360                    NO          NON-IO                    EMC
       2018       First Lien                No                    360                    NO          NON-IO                    EMC
       2019       First Lien                No                    480                    NO          NON-IO                    EMC
       2020       First Lien                No                    360                    YES         5 YEARS                   EMC
       2021       First Lien                No                    360                    NO          NON-IO                    EMC
       2022       First Lien                No                    480                    NO          NON-IO                    EMC
       2023       First Lien                No                    360                    NO          NON-IO                    EMC
       2024       First Lien                No                    360                    NO          NON-IO                    EMC
       2025       First Lien                No                    360                    NO          NON-IO                    EMC
       2026       First Lien                No                    360                    NO          NON-IO                    EMC
       2027       First Lien                No                    480                    NO          NON-IO                    EMC
       2028       First Lien                No                    360                    NO          NON-IO                    EMC
       2029       First Lien                No                    360                    NO          NON-IO                    EMC
       2030       First Lien                No                    360                    NO          NON-IO                    EMC
       2031       First Lien                No                    360                    NO          NON-IO                    EMC
       2032       First Lien                No                    360                    NO          NON-IO                    EMC
       2033       First Lien                No                    480                    NO          NON-IO                    EMC
       2034       First Lien                No                    480                    NO          NON-IO                    EMC
       2035       First Lien                No                    480                    NO          NON-IO                    EMC
       2036       First Lien                No                    360                    NO          NON-IO                    EMC
       2037       First Lien                No                    360                    NO          NON-IO                    EMC
       2038       First Lien                No                    360                    NO          NON-IO                    EMC
       2039       First Lien                No                    360                    NO          NON-IO                    EMC
       2040       First Lien                No                    360                    NO          NON-IO                    EMC
       2041       First Lien                No                    360                    NO          NON-IO                    EMC
       2042       First Lien                No                    360                    NO          NON-IO                    EMC
       2043       First Lien                No                    480                    NO          NON-IO                    EMC
       2044       First Lien                No                    360                    NO          NON-IO                    EMC
       2045       First Lien                No                    360                    NO          NON-IO                    EMC
       2046       First Lien                No                    360                    NO          NON-IO                    EMC
       2047       First Lien                No                    480                    NO          NON-IO                    EMC
       2048       First Lien                No                    360                    NO          NON-IO                    EMC
       2049       First Lien                No                    360                    NO          NON-IO                    EMC
       2050       First Lien                No                    360                    NO          NON-IO                    EMC
       2051       First Lien                No                    480                    NO          NON-IO                    EMC
       2052       First Lien                No                    360                    NO          NON-IO                    EMC
       2053       First Lien                No                    480                    NO          NON-IO                    EMC
       2054       First Lien                No                    480                    NO          NON-IO                    EMC
       2055       First Lien                No                    360                    NO          NON-IO                    EMC
       2056       First Lien                No                    480                    NO          NON-IO                    EMC
       2057       First Lien                No                    360                    YES         5 YEARS                   EMC
       2058       First Lien                No                    360                    NO          NON-IO                    EMC
       2059       First Lien                No                    480                    NO          NON-IO                    EMC
       2060       First Lien                No                    360                    NO          NON-IO                    EMC
       2061       First Lien                No                    360                    NO          NON-IO                    EMC
       2062       First Lien                No                    360                    NO          NON-IO                    EMC
       2063       First Lien                No                    480                    NO          NON-IO                    EMC
       2064       First Lien                No                    360                    NO          NON-IO                    EMC
       2065       First Lien                No                    480                    NO          NON-IO                    EMC
       2066       First Lien                No                    360                    NO          NON-IO                    EMC
       2067       First Lien                No                    360                    NO          NON-IO                    EMC
       2068       First Lien                No                    360                    NO          NON-IO                    EMC
       2069       First Lien                No                    360                    NO          NON-IO                    EMC
       2070       First Lien                No                    480                    NO          NON-IO                    EMC
       2071       First Lien                No                    360                    YES         5 YEARS                   EMC
       2072       First Lien                No                    360                    NO          NON-IO                    EMC
       2073       First Lien                No                    360                    NO          NON-IO                    EMC
       2074       First Lien                No                    480                    NO          NON-IO                    EMC
       2075       First Lien                No                    480                    NO          NON-IO                    EMC
       2076       First Lien                No                    480                    NO          NON-IO                    EMC
       2077       First Lien                No                    480                    NO          NON-IO                    EMC
       2078       First Lien                No                    360                    NO          NON-IO                    EMC
       2079       First Lien                No                    360                    NO          NON-IO                    EMC
       2080       First Lien                No                    360                    NO          NON-IO                    EMC
       2081       First Lien                No                    480                    NO          NON-IO                    EMC
       2082       First Lien                No                    360                    YES         5 YEARS                   EMC
       2083       First Lien                No                    360                    YES         5 YEARS                   EMC
       2084       First Lien                No                    480                    NO          NON-IO                    EMC
       2085       First Lien                No                    360                    NO          NON-IO                    EMC
       2086       First Lien                No                    360                    NO          NON-IO                    EMC
       2087       First Lien                No                    360                    NO          NON-IO                    EMC
       2088       First Lien                No                    360                    NO          NON-IO                    EMC
       2089       First Lien                No                    360                    NO          NON-IO                    EMC
       2090       First Lien                No                    360                    NO          NON-IO                    EMC
       2091       First Lien                No                    360                    NO          NON-IO                    EMC
       2092       First Lien                No                    360                    NO          NON-IO                    EMC
       2093       First Lien                No                    360                    YES         5 YEARS                   EMC
       2094       First Lien                No                    360                    NO          NON-IO                    EMC
       2095       First Lien                No                    480                    NO          NON-IO                    EMC
       2096       First Lien                No                    360                    NO          NON-IO                    EMC
       2097       First Lien                No                    360                    NO          NON-IO                    EMC
       2098       First Lien                No                    360                    NO          NON-IO                    EMC
       2099       First Lien                No                    360                    NO          NON-IO                    EMC
       2100       First Lien                No                    480                    NO          NON-IO                    EMC
       2101       First Lien                No                    480                    NO          NON-IO                    EMC
       2102       First Lien                No                    360                    NO          NON-IO                    EMC
       2103       First Lien                No                    360                    NO          NON-IO                    EMC
       2104       First Lien                No                    360                    NO          NON-IO                    EMC
       2105       First Lien                No                    360                    NO          NON-IO                    EMC
       2106       First Lien                No                    360                    NO          NON-IO                    EMC
       2107       First Lien                No                    360                    NO          NON-IO                    EMC
       2108       First Lien                No                    480                    NO          NON-IO                    EMC
       2109       First Lien                No                    360                    NO          NON-IO                    EMC
       2110       First Lien                No                    480                    NO          NON-IO                    EMC
       2111       First Lien                No                    360                    NO          NON-IO                    EMC
       2112       First Lien                No                    360                    NO          NON-IO                    EMC
       2113       First Lien                No                    360                    YES         5 YEARS                   EMC
       2114       First Lien                No                    480                    NO          NON-IO                    EMC
       2115       First Lien                No                    360                    YES         5 YEARS                   EMC
       2116       First Lien                No                    360                    NO          NON-IO                    EMC
       2117       First Lien                No                    360                    NO          NON-IO                    EMC
       2118       First Lien                No                    480                    NO          NON-IO                    EMC
       2119       First Lien                No                    480                    NO          NON-IO                    EMC
       2120       First Lien                No                    480                    NO          NON-IO                    EMC
       2121       First Lien                No                    480                    NO          NON-IO                    EMC
       2122       First Lien                No                    480                    NO          NON-IO                    EMC
       2123       First Lien                No                    360                    NO          NON-IO                    EMC
       2124       First Lien                No                    480                    NO          NON-IO                    EMC
       2125       First Lien                No                    360                    YES         5 YEARS                   EMC
       2126       First Lien                No                    480                    NO          NON-IO                    EMC
       2127       First Lien                No                    360                    YES         5 YEARS                   EMC
       2128       First Lien                No                    360                    NO          NON-IO                    EMC
       2129       First Lien                No                    360                    NO          NON-IO                    EMC
       2130       First Lien                No                    360                    NO          NON-IO                    EMC
       2131       First Lien                No                    360                    NO          NON-IO                    EMC
       2132       First Lien                No                    360                    NO          NON-IO                    EMC
       2133       First Lien                No                    480                    NO          NON-IO                    EMC
       2134       First Lien                No                    360                    NO          NON-IO                    EMC
       2135       First Lien                No                    360                    YES         5 YEARS                   EMC
       2136       First Lien                No                    360                    NO          NON-IO                    EMC
       2137       First Lien                No                    480                    NO          NON-IO                    EMC
       2138       First Lien                No                    480                    NO          NON-IO                    EMC
       2139       First Lien                No                    360                    NO          NON-IO                    EMC
       2140       First Lien                No                    360                    NO          NON-IO                    EMC
       2141       First Lien                No                    360                    NO          NON-IO                    EMC
       2142       First Lien                No                    360                    NO          NON-IO                    EMC
       2143       First Lien                No                    480                    NO          NON-IO                    EMC
       2144       First Lien                No                    360                    NO          NON-IO                    EMC
       2145       First Lien                No                    360                    NO          NON-IO                    EMC
       2146       First Lien                No                    480                    NO          NON-IO                    EMC
       2147       First Lien                No                    360                    NO          NON-IO                    EMC
       2148       First Lien                No                    360                    NO          NON-IO                    EMC
       2149       First Lien                No                    480                    NO          NON-IO                    EMC
       2150       First Lien                No                    480                    NO          NON-IO                    EMC
       2151       First Lien                No                    480                    NO          NON-IO                    EMC
       2152       First Lien                No                    360                    NO          NON-IO                    EMC
       2153       First Lien                No                    480                    NO          NON-IO                    EMC
       2154       First Lien                No                    480                    NO          NON-IO                    EMC
       2155       First Lien                No                    360                    NO          NON-IO                    EMC
       2156       First Lien                No                    360                    NO          NON-IO                    EMC
       2157       First Lien                No                    360                    NO          NON-IO                    EMC
       2158       First Lien                No                    360                    NO          NON-IO                    EMC
       2159       First Lien                No                    360                    NO          NON-IO                    EMC
       2160       First Lien                No                    480                    NO          NON-IO                    EMC
       2161       First Lien                No                    360                    NO          NON-IO                    EMC
       2162       First Lien                No                    360                    NO          NON-IO                    EMC
       2163       First Lien                No                    360                    NO          NON-IO                    EMC
       2164       First Lien                No                    480                    NO          NON-IO                    EMC
       2165       First Lien                No                    480                    NO          NON-IO                    EMC
       2166       First Lien                No                    480                    NO          NON-IO                    EMC
       2167       First Lien                No                    360                    NO          NON-IO                    EMC
       2168       First Lien                No                    360                    NO          NON-IO                    EMC
       2169       First Lien                No                    360                    YES         5 YEARS                   EMC
       2170       First Lien                No                    360                    NO          NON-IO                    EMC
       2171       First Lien                No                    360                    NO          NON-IO                    EMC
       2172       First Lien                No                    360                    NO          NON-IO                    EMC
       2173       First Lien                No                    480                    NO          NON-IO                    EMC
       2174       First Lien                No                    480                    NO          NON-IO                    EMC
       2175       First Lien                No                    480                    NO          NON-IO                    EMC
       2176       First Lien                No                    360                    NO          NON-IO                    EMC
       2177       First Lien                No                    360                    NO          NON-IO                    EMC
    

    

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    EXHIBIT
      C

     

    FORM
      OF
      TRANSFER AFFIDAVIT

     

    Affidavit
      pursuant to Section 860E(e)(4) of the Internal Revenue Code of 1986, as amended,
      and for other purposes

     

    
      	
              STATE
                OF

            	
              )

            	 
	 	
              )

            	
              ss.:

            
	
              COUNTY
                OF

            	
              )

            	 

    

     

    [NAME
      OF
      OFFICER], being first duly sworn, deposes and says:

     

    1. That
      he/she is [Title of Officer] of [Name of Investor] (the “Investor”), a [savings
      institution] [corporation] duly organized and existing under the laws of [the
      State of _____] [the United States], on behalf of which he makes this
      affidavit.

     

    2. That
      (i)
      the Investor is not a “disqualified organization” as defined in Section
      860E(e)(5) of the Internal Revenue Code of 1986, as amended (the “Code”), or an
      electing large partnership as defined in Section 775(a) of the Code, and will
      not be a disqualified organization or an electing large partnership as of
      [Closing Date] [date of purchase]; (ii) it is not acquiring the Bear Stearns
      Asset Backed Securities I LLC Asset-Backed Certificates, Series 2006-AQ1, Class
      [I-R-1][I-R-2][I-R-3][I-RX][II-R-1][II-RX] Certificates (the “Residual
      Certificates”) for the account of a disqualified organization or an electing
      large partnership; (iii) it consents to any amendment of the Pooling and
      Servicing Agreement that shall be deemed necessary by Bear Stearns Asset Backed
      Securities I LLC (upon advice of counsel) to constitute a reasonable arrangement
      to ensure that the Residual Certificates will not be owned directly or
      indirectly by a disqualified organization or an electing large partnership;
      and
      (iv) it will not transfer such Residual Certificates unless (a) it has received
      from the transferee an affidavit in substantially the same form as this
      affidavit containing these same seven representations and (b) as of the time
      of
      the transfer, it does not have actual knowledge that such affidavit is
      false.

     

    3. That
      the
      Investor is one of the following: (i) a citizen or resident of the United
      States, (ii) a corporation or partnership (including an entity treated as a
      corporation or partnership for federal income tax purposes) created or organized
      in, or under the laws of, the United States or any state thereof or the District
      of Columbia (except, in the case of a partnership, to the extent provided in
      regulations), provided that no partnership or other entity treated as a
      partnership for United States federal income tax purposes shall be treated
      as a
      United States person within the meaning of the Code unless all persons that
      own
      an interest in such partnership either directly or through any entity that
      is
      not a corporation for United States federal income tax purposes are United
      States persons, (iii) an estate whose income is subject to United States federal
      income tax regardless of its source, or (iv) a trust other than a “foreign
      trust” as defined in Section 7701 (a)(31) of the Code.

     

    4. That
      the
      Investor’s taxpayer identification number is
      ______________________.

     

    5. That
      no
      purpose of the acquisition of the Residual Certificates is to avoid or impede
      the assessment or collection of tax.

     

    6. That
      the
      Investor understands that, as the holder of the Residual Certificates, the
      Investor may incur tax liabilities in excess of any cash flows generated by
      such
      Residual Certificates.

     

    7. That
      the
      Investor intends to pay taxes associated with holding the Residual Certificates
      as they become due.

     

    IN
      WITNESS WHEREOF, the Investor has caused this instrument to be executed on its
      behalf, pursuant to authority of its Board of Directors, by its [Title of
      Officer] this ____ day of _________, 20__.

     

    
      	 	 	 	 	 	 	
              [NAME
                OF INVESTOR]

            
	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	
              By:

            	 
	 	 	 	 	 	 	
              Name:

            	
              [Name
                of Officer]

            
	 	 	 	 	 	 	
              Title:

            	
              [Title
                of Officer]

            
	 	 	 	 	 	 	 	
              [Address
                of Investor for receipt of distributions]

            
	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	
              Address
                of Investor for receipt of tax
                information:

            

    

    

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    Personally
      appeared before me the above-named [Name of Officer], known or proved to me
      to
      be the same person who executed the foregoing instrument and to be the [Title
      of
      Officer] of the Investor, and acknowledged to me that he/she executed the same
      as his/her free act and deed and the free act and deed of the
      Investor.

     

    Subscribed
      and sworn before me this ___ day of _________, 20___.

     

    NOTARY
      PUBLIC

     

    COUNTY
      OF

     

    STATE
      OF

     

    My
      commission expires the ___ day of ___________________, 20___.

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    

    EXHIBIT
      D

     

    FORM
      OF
      TRANSFEROR CERTIFICATE

     

    ______________,
      200___

     

    Bear
      Stearns Asset Backed Securities I LLC

    383
      Madison Avenue

    New
      York,
      New York 10179

     

    LaSalle
      Bank National Association

    135
      South
      LaSalle Street, Suite 1511

    Chicago,
      Illinois 60603

     

    Attention:
      Bear Stearns Asset Backed Securities Trust 2006-AQ1

     

    
      	
              Re:

            	
              Bear
                Stearns Asset Backed Securities I Trust 2006-AQ1, Asset-Backed
                Certificates, Series 2006-AQ1 (the “Certificates”), including the Class
                ___

              Certificates
                (the “Privately Offered
                Certificates”)

            

    

     

    Ladies
      and Gentlemen:

     

    In
      connection with the sale by ___________ (the “Seller”) to ________ (the
“Purchaser”) of $_________ Initial Certificate Principal Balance of Asset-Backed
      Certificates, Series 2006-AQ1, Class _____ (the “Certificates”), issued pursuant
      to the Pooling and Servicing Agreement (the “Pooling and Servicing Agreement”),
      dated as of November 1, 2006, among Bear Stearns Asset Backed Securities I
      LLC,
      as depositor (the “Depositor”), EMC Mortgage Corporation, as seller and as
      master servicer, and LaSalle Bank National Association, as trustee (the
“Trustee”). The Seller hereby certifies, represents and warrants to, a covenants
      with, the Depositor and the Trustee that:

     

    Neither
      the Seller nor anyone acting on its behalf (a) has offered, pledged, sold,
      disposed of or otherwise transferred any Certificate, any interest in any
      Certificate or any other similar security to any person in any manner, (b)
      has
      solicited any offer to buy or to accept a pledge, disposition or other transfer
      of any Certificate, any interest in any Certificate or any other similar
      security from any person in any manner, (c) has otherwise approached or
      negotiated with respect to any Certificate, any interest in any Certificate
      or
      any other similar security with any person in any manner, (d) has made any
      general solicitation by means of general advertising or in any other manner,
      or
      (e) has taken any other action, that (as to any of (a) through (e) above) would
      constitute a distribution of the Certificates under the Securities Act of 1933
      (the “Act”), that would render the disposition of any Certificate a violation of
      Section 5 of the Act or any state securities law, or that would require
      registration or qualification pursuant thereto. The Seller will not act in
      any
      manner set forth in the foregoing sentence with respect to any Certificate.
      The
      Seller has not and will not sell or otherwise transfer any of the Certificates,
      except in compliance with the provisions of the Pooling and Servicing
      Agreement.

     

    
      	 	 	 	 	 	 	 	
              Very
                truly yours,

            
	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	
              ___________________________________________

            
	 	 	 	 	 	 	 	
              (Seller)

            
	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	
              By:

            	 
	 	 	 	 	 	 	 	
              Name:

            	 
	 	 	 	 	 	 	 	
              Title:

            	 

    

    
 

    EXHIBIT
      E

     

    FORM
      OF
      INVESTMENT LETTER (NON RULE 144A)

     

    [Date]

    [SELLER]

     

    Bear
      Stearns Asset Backed Securities I LLC

    383
      Madison Avenue

    New
      York,
      New York 10179

     

    LaSalle
      Bank National Association

    135
      South
      LaSalle Street, Suite 1511

    Chicago,
      Illinois 60603

     

    
      	
              Re:

            	
              Bear
                Stearns Asset Backed Securities I Trust 2006-AQ1, Asset-Backed
                Certificates, Series 2006-AQ1 (the “Certificates”), including the Class
                ___

              Certificates
                (the “Privately Offered
                Certificates”)

            

    

     

    Dear
      Ladies and Gentlemen:

     

    In
      connection with our purchase of Privately Offered Certificates, we confirm
      that:

     

    
      	 	
              (i)

            	
              we
                understand that the Privately Offered Certificates are not being
                registered under the Securities Act of 1933, as amended (the “Act”) or any
                applicable state securities or “Blue Sky” laws, and are being sold to us
                in a transaction that is exempt from the registration requirements
                of such
                laws;

            
	 	 	 
	 	
              (ii)

            	
              any
                information we desired concerning the Certificates, including the
                Privately Offered Certificates, the trust in which the Certificates
                represent the entire beneficial ownership interest (the “Trust”) or any
                other matter we deemed relevant to our decision to purchase Privately
                Offered Certificates has been made available to us;

            
	 	 	 
	 	
              (iii)

            	
              we
                are able to bear the economic risk of investment in Privately Offered
                Certificates; we are an institutional “accredited investor” as defined in
                Rule 501(a)(1), (2), (3) or (7) Regulation D promulgated under the
                Act and
                a sophisticated institutional investor;

            
	 	
              (iv)

            	
              we
                are acquiring Privately Offered Certificates for our own account,
                not as
                nominee for any other person, and not with a present view to any
                distribution or other disposition of the Privately Offered
                Certificates;

            
	 	 	 
	 	
              (v)

            	
              we
                agree the Privately Offered Certificates must be held indefinitely
                by us
                (and may not be sold, pledged, hypothecated or in any way disposed
                of)
                unless subsequently registered under the Act and any applicable state
                securities or “Blue Sky” laws or an exemption from the registration
                requirements of the Act and any applicable state securities or “Blue Sky”
                laws is available;

            
	 	 	 
	 	
              (vi)

            	
              we
                agree that in the event that at some future time we wish to dispose
                of or
                exchange any of the Privately Offered Certificates (such disposition
                or
                exchange not being currently foreseen or contemplated), we will not
                transfer or exchange any of the Privately Offered Certificates
                unless:

            
	 	 	 
	 	 	
              (A)
                (1) the sale is to an Eligible Purchaser (as defined below), (2)
                if
                required by the Pooling and Servicing Agreement (as defined below)
                a
                letter to substantially the same effect as either this letter or,
                if the
                Eligible Purchaser is a Qualified Institutional Buyer as defined
                under
                Rule 144A of the Act, the Rule 144A and Related Matters Certificate
                in the
                form attached to the Pooling and Servicing Agreement (as defined
                below)
                (or such other documentation as may be acceptable to the Trustee)
                is
                executed promptly by the purchaser and delivered to the addressees
                hereof
                and (3) all offers or solicitations in connection with the sale,
                whether
                directly or through any agent acting on our behalf, are limited only
                to
                Eligible Purchasers and are not made by means of any form of general
                solicitation or general advertising whatsoever; and

            
	 	 	 
	 	 	
              (B)
                if the Privately Offered Certificate is not registered under the
                Act (as
                to which we acknowledge you have no obligation), the Privately Offered
                Certificate is sold in a transaction that does not require registration
                under the Act and any applicable state securities or “blue sky” laws and,
                if LaSalle Bank National Association (the “Trustee”) so requests, a
                satisfactory Opinion of Counsel is furnished to such effect, which
                Opinion
                of Counsel shall be an expense of the transferor or the
                transferee;

            
	 	 	 
	 	
              (vii)

            	
              we
                agree to be bound by all of the terms (including those relating to
                restrictions on transfer) of the Pooling and Servicing, pursuant
                to which
                the Trust was formed; we have reviewed carefully and understand the
                terms
                of the Pooling and Servicing Agreement;

            
	 	 	 
	 	
              (viii)

            	
              we
                either: (i) are not acquiring the Privately Offered Certificate directly
                or indirectly by, or on behalf of, an employee benefit plan or other
                retirement arrangement which is subject to Title I of the Employee
                Retirement Income Security Act of 1974, as amended, and/or section
                4975 of
                the Internal Revenue Code of 1986, as amended, or (ii) in the case
                of the
                Privately Offered Certificates, have provided the Opinion of Counsel
                required by the Agreement, or (iii) in the case of the Class I-M-10
                Certificates and Class II-M-10 Certificates, the transfer (1) will
                not
                result in a prohibited transaction which is not covered under an
                individual or class prohibited transaction exemption, including,
                but not
                limited to, Prohibited Transaction Class Exemption (“PTCE”) 84-14, PTCE
                91-38, PTCE 90-1, PTCE 95-60 or PTCE 96-23 and (2) will not give
                rise to
                any additional obligations on the part of the Depositor, the Master
                Servicer or the Trustee. 

            
	 	 	 
	 	
              (ix)

            	
              We
                understand that each of the Privately Offered Certificates bears,
                and will
                continue to bear, a legend to substantiate the following effect:
                THIS
                CERTIFICATE HAS NOT BEEN AND WILL NOT BE REGISTERED UNDER THE SECURITIES
                ACT OF 1933, AS AMENDED (THE “SECURITIES ACT”), OR UNDER ANY STATE
                SECURITIES LAWS. THE HOLDER HEREOF, BY PURCHASING THIS CERTIFICATE,
                AGREES
                THAT THIS CERTIFICATE MAY BE REOFFERED, RESOLD, PLEDGED OR OTHERWISE
                TRANSFERRED ONLY IN COMPLIANCE WITH THE SECURITIES ACT AND OTHER
                APPLICABLE LAWS AND ONLY (1) PURSUANT TO RULE 144A UNDER THE SECURITIES
                ACT (“RULE 144A”) TO A PERSON THAT THE HOLDER REASONABLY BELIEVES IS A
                QUALIFIED INSTITUTIONAL BUYER WITHIN THE MEANING OF RULE 144A (A
“QIB”),
                PURCHASING FOR ITS OWN ACCOUNT OR A QIB PURCHASING FOR THE ACCOUNT
                OF A
                QIB, WHOM THE HOLDER HAS INFORMED, IN EACH CASE, THAT THE REOFFER,
                RESALE,
                PLEDGE OR OTHER TRANSFER IS BEING MADE IN RELIANCE ON RULE 144A,
                (2)
                PURSUANT TO AN EXEMPTION FROM REGISTRATION PROVIDED BY RULE 144 UNDER
                THE
                SECURITIES ACT (IF AVAILABLE) OR (3) IN CERTIFICATED FORM TO AN
                “INSTITUTIONAL ACCREDITED INVESTOR” WITHIN THE MEANING THEREOF IN RULE
                501(a)(1), (2), (3) or (7) OF REGULATION D UNDER THE ACT OR ANY ENTITY
                IN
                WHICH ALL OF THE EQUITY OWNERS COME WITHIN SUCH PARAGRAPHS PURCHASING
                NOT
                FOR DISTRIBUTION IN VIOLATION OF THE SECURITIES ACT, SUBJECT TO (A)
                THE
                RECEIPT BY THE TRUSTEE OF A LETTER SUBSTANTIALLY IN THE FORM PROVIDED
                IN
                THE AGREEMENT AND (B) THE RECEIPT BY THE TRUSTEE OF SUCH OTHER EVIDENCE
                ACCEPTABLE TO THE TRUSTEE THAT SUCH REOFFER, RESALE, PLEDGE OR TRANSFER
                IS
                IN COMPLIANCE WITH THE SECURITIES ACT AND OTHER APPLICABLE LAWS OR
                IN EACH
                CASE IN ACCORDANCE WITH ALL APPLICABLE SECURITIES LAWS OF THE UNITED
                STATES AND ANY OTHER APPLICABLE JURISDICTION. [In
                the case of the Class I-M-10 Certificates and Class II-M-10 Certificates]:
                THIS
                CERTIFICATE MAY NOT BE ACQUIRED DIRECTLY OR INDIRECTLY BY, OR ON
                BEHALF
                OF, AN EMPLOYEE BENEFIT PLAN OR OTHER RETIREMENT ARRANGEMENT WHICH
                IS
                SUBJECT TO TITLE I OF THE EMPLOYEE RETIREMENT INCOME SECURITY ACT
                OF 1974,
                AS AMENDED, OR SECTION 4975 OF THE INTERNAL REVENUE CODE OF 1986,
                AS
                AMENDED, UNLESS THE TRANSFEREE CERTIFIES OR REPRESENTS THAT THE PROPOSED
                TRANSFER AND HOLDING OF A CERTIFICATE AND THE SERVICING, MANAGEMENT
                AND
                OPERATION OF THE TRUST AND ITS ASSETS: (I) WILL NOT RESULT IN ANY
                PROHIBITED TRANSACTION WHICH IS NOT COVERED UNDER AN INDIVIDUAL OR
                CLASS
                PROHIBITED TRANSACTION EXEMPTION, INCLUDING, BUT NOT LIMITED TO,
                PROHIBITED TRANSACTION CLASS EXEMPTION (“PTCE”) 84-14, PTCE 91-38, PTCE
                90-1, PTCE 95-60 OR PTCE 96-23 AND (II) WILL NOT GIVE RISE TO ANY
                ADDITIONAL OBLIGATIONS ON THE PART OF THE DEPOSITOR, THE MASTER SERVICER
                OR THE TRUSTEE, WHICH WILL BE DEEMED REPRESENTED BY AN OWNER OF A
                BOOK-ENTRY CERTIFICATE OR A GLOBAL CERTIFICATE OR UNLESS AN OPINION
                SPECIFIED IN SECTION 6.02 OF THE AGREEMENT IS PROVIDED. NOTWITHSTANDING
                THE PREVIOUS PARAGRAPH, A CERTIFICATION WILL NOT BE REQUIRED WITH
                RESPECT
                TO THE TRANSFER OF THIS CERTIFICATE TO A DEPOSITORY, OR FOR ANY SUBSEQUENT
                TRANSFER OF THIS CERTIFICATE FOR SO LONG AS THIS CERTIFICATE IS A
                BOOK-ENTRY CERTIFICATE. ANY TRANSFEREE OF THIS CERTIFICATE WILL BE
                DEEMED
                TO HAVE REPRESENTED BY VIRTUE OF ITS PURCHASE OR HOLDING OF THIS
                CERTIFICATE (OR INTEREST HEREIN) THAT SUCH TRANSFEREE IS A “QUALIFIED
                INSTITUTIONAL BUYER” WITHIN THE MEANING OF RULE 144A UNDER THE 1933
                ACT.

            
	 	 	 
	 	 	
              [In
                the case of the Class P, Class CE and Class R Certificates]:
                

            
	 	 	 
	 	 	
              NO
                TRANSFER OF THIS CERTIFICATE MAY BE MADE TO ANY PERSON, UNLESS THE
                TRANSFEREE PROVIDES EITHER A CERTIFICATION PURSUANT TO SECTION 6.02(h)
                OF
                THE AGREEMENT OR AN OPINION OF COUNSEL SATISFACTORY TO THE TRUSTEE
                THAT
                THE PURCHASE AND HOLDING OF THIS CERTIFICATE ARE PERMISSIBLE UNDER
                APPLICABLE LAW, WILL NOT CONSTITUTE OR RESULT IN ANY NON-EXEMPT PROHIBITED
                TRANSACTIONS UNDER SECTION 406 OF THE EMPLOYEE RETIREMENT INCOME
                SECURITY
                ACT OF 1974, AS AMENDED (“ERISA”) OR SECTION 4975 OF THE CODE AND WILL NOT
                SUBJECT THE TRUSTEE, MASTER SERVICER OR THE DEPOSITOR TO ANY OBLIGATION
                OR
                LIABILITY IN ADDITION TO THOSE UNDERTAKEN IN THE
                AGREEMENT.

               

              [In
                the case of the Class I-CE Certificates and Class II-CE Certificates]:
                NO
                TRANSFER OF ANY CLASS [I][II]-CE CERTIFICATE SHALL BE MADE UNLESS
                THE
                PROPOSED TRANSFEREE OF SUCH CLASS [I][II]-CE CERTIFICATE PROVIDES
                TO THE
                TRUSTEE THE APPROPRIATE TAX CERTIFICATION FORM THAT WOULD ELIMINATE
                ANY
                WITHHOLDING OR DEDUCTION FOR TAXES FROM AMOUNTS PAYABLE TO THE SWAP
                ADMINISTRATOR, ON BEHALF OF THE RELATED SUPPLEMENTAL INTEREST TRUST,
                PURSUANT TO THE RELATED INTEREST RATE SWAP AGREEMENT BY THE RELATED
                SWAP
                PROVIDER (I.E., IRS FORM W-9 OR IRS FORM W-8BEN, W-8IMY, W-8EXP OR
                W-8ECI,
                AS APPLICABLE (OR ANY SUCCESSOR FORM THERETO)) AND AGREES TO UPDATE
                SUCH
                FORMS (I) UPON EXPIRATION OF ANY SUCH FORM, (II) AS REQUIRED UNDER
                THEN
                APPLICABLE U.S. TREASURY REGULATIONS AND (III) PROMPTLY UPON LEARNING
                THAT
                SUCH FORM HAS BECOME OBSOLETE OR INCORRECT, AND IN THE CASE OF ANY
                TRANSFER OF THE CLASS [I][II]-CE CERTIFICATES THAT WOULD CAUSE THE
                RELATED
                SUPPLEMENTAL INTEREST TRUST TO BE BENEFICIALLY OWNED BY TWO OR MORE
                PERSONS FOR FEDERAL INCOME TAX PURPOSES, AGREES TO COMPLY WITH SUCH
                OTHER
                PROVISIONS IN THE AGREEMENT AS MAY APPLY IN SUCH CASE, EACH AS A
                CONDITION
                TO SUCH TRANSFER. UNDER THE AGREEMENT, UPON RECEIPT OF ANY SUCH TAX
                CERTIFICATION FORM FROM A TRANSFEREE OF ANY CLASS [I][II]-CE CERTIFICATE,
                THE TRUSTEE SHALL FORWARD SUCH TAX CERTIFICATION FORM PROVIDED TO
                IT TO
                THE RELATED SUPPLEMENTAL INTEREST TRUST TRUSTEE. THE RELATED SUPPLEMENTAL
                INTEREST TRUST TRUSTEE SHALL FORWARD SUCH TAX CERTIFICATION FORM
                PROVIDED
                TO IT TO THE RELATED SWAP PROVIDER. EACH HOLDER OF A CLASS [I][II]-CE
                CERTIFICATE AND EACH TRANSFEREE THEREOF SHALL BE DEEMED TO HAVE CONSENTED
                TO THE RELATED SUPPLEMENTAL INTEREST TRUST TRUSTEE FORWARDING TO
                THE
                RELATED SWAP PROVIDER ANY SUCH TAX CERTIFICATION FORM IT HAS PROVIDED
                AND
                UPDATED IN ACCORDANCE WITH THESE TRANSFER RESTRICTIONS. ANY PURPORTED
                SALES OR TRANSFERS OF ANY CLASS [I][II]-CE CERTIFICATE TO A TRANSFEREE
                WHICH DOES NOT COMPLY WITH THESE REQUIREMENTS SHALL BE DEEMED NULL
                AND
                VOID UNDER THE AGREEMENT.

            

    

     

    “Eligible
      Purchaser”
means
      a
      corporation, partnership or other entity which we have reasonable grounds to
      believe and do believe (i) can make representations with respect to itself
      to
      substantially the same effect as the representations set forth herein, and
      (ii)
      is either a Qualified Institutional Buyer as defined under Rule 144A of the
      Act
      or an institutional “Accredited Investor” as defined under Rule 501 of the
      Act.

     

    Terms
      not
      otherwise defined herein shall have the meanings assigned to them in the Pooling
      and Servicing Agreement, dated as of November 1, 2006, among Bear Stearns Asset
      Backed Securities I LLC, as depositor, EMC Mortgage Corporation, as seller
      and
      as master servicer, and LaSalle Bank National Association, as Trustee (the
      “Pooling and Servicing Agreement’).

     

    If
      the
      Purchaser proposes that its Certificates be registered in the name of a nominee
      on its behalf, the Purchaser has identified such nominee below, and has caused
      such nominee to complete the Nominee Acknowledgment at the end of this
      letter.

     

    Name
      of
      Nominee (if any): __________________________

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    IN
      WITNESS WHEREOF, this document has been executed by the undersigned who is
      duly
      authorized to do so on behalf of the undersigned Eligible Purchaser on the
      ___
      day of ________, 20___.

     

    
      	 	 	 	 	 	 	 	
              Very
                truly yours,

            
	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	
              [PURCHASER]

            
	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	
              By:

            	 
	 	 	 	 	 	 	 	 	
              (Authorized
                Officer)

            
	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	
              By:

            	 
	 	 	 	 	 	 	 	 	
              (Attorney-in-fact)

            

    

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    Nominee
      Acknowledgment

     

    The
      undersigned hereby acknowledges and agrees that as to the Certificates being
      registered in its name, the sole beneficial owner thereof is and shall be the
      Purchaser identified above, for whom the undersigned is acting as
      nominee.

     

    
      	 	 	 	 	 	 	 	
              [NAME
                OF NOMINEE]

            
	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	
              By:

            	 
	 	 	 	 	 	 	 	 	
              (Authorized
                Officer)

            
	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	
              By:

            	 
	 	 	 	 	 	 	 	 	
              (Attorney-in-fact)

            

    

     

    EXHIBIT
      F

     

    FORM
      OF
      RULE 144A AND RELATED MATTERS CERTIFICATE

     

    [SELLER]

     

    Bear
      Stearns Asset Backed Securities I LLC

    383
      Madison Avenue

    New
      York,
      New York 10179

     

    LaSalle
      Bank National Association

    135
      South
      LaSalle Street, Suite 1511

    Chicago,
      Illinois 60603

     

    
      	
              Re:

            	
              Bear
                Stearns Asset Backed Securities I Trust 2006-AQ1, Asset-Backed
                Certificates, Series 2006-AQ1 (the “Certificates”), including the Class
                

              ____
                Certificates (the “Privately Offered
                Certificates”)

            

    

     

    Dear
      Ladies and Gentlemen:

     

    In
      connection with our purchase of Privately Offered Certificates, the undersigned
      certifies to each of the parties to whom this letter is addressed that it is
      a
      qualified institutional buyer (as defined in Rule 144A under the Securities
      Act
      of 1933, as amended (the “Act”)) as follows:

     

    1. It
      owned
      and/or invested on a discretionary basis eligible securities (excluding
      affiliate’s securities, bank deposit notes and CD’s, loan participations,
      repurchase agreements, securities owned but subject to a repurchase agreement
      and swaps), as described below:

     

    Date:
      ______________, 20__ (must be on or after the close of its most recent fiscal
      year)

     

    Amount:
      $
      _____________________; and

     

    2. The
      dollar amount set forth above is:

     

    
      	 	
              a.

            	
              greater
                than $100 million and the undersigned is one of the following
                entities:

            

    

     

    
      	 	
              (1)

            	
              [
                ]

            	
              an
                insurance company as defined in Section 2(13) of the Act1 ;
                or

            
	 	 	 	 
	 	
              (2)

            	
              [
                ]

            	
              an
                investment company registered under the Investment Company Act or
                any
                business development company as defined in Section 2(a)(48) of the
                Investment Company Act of 1940; or

            
	 	 	 	 
	 	
              (3)

            	
              [
                ]

            	
              a
                Small Business Investment Company licensed by the U.S. Small Business
                Administration under Section 301(c) or (d) of the Small Business
                Investment Act of 1958; or

            
	 	 	 	 
	 	
              (4)

            	
              [
                ]

            	
              a
                plan (i) established and maintained by a state, its political
                subdivisions, or any agency or instrumentality of a state or its
                political
                subdivisions, the laws of which permit the purchase of securities
                of this
                type, for the benefit of its employees and (ii) the governing investment
                guidelines of which permit the purchase of securities of this type;
                or

            
	 	 	 	 
	 	
              (5)

            	
              [
                ]

            	
              a
                business development company as defined in Section 202(a)(22) of
                the
                Investment Advisers Act of 1940; or

            
	 	 	 	 
	 	
              (6)

            	
              [
                ]

            	
              a
                corporation (other than a U.S. bank, savings and loan association
                or
                equivalent foreign institution), partnership, Massachusetts or similar
                business trust, or an organization described in Section 501(c)(3)
                of the
                Internal Revenue Code; or

            
	 	 	 	 
	 	
              (7)

            	
              [
                ]

            	
              a
                U.S. bank, savings and loan association or equivalent foreign institution,
                which has an audited net worth of at least $25 million as demonstrated
                in
                its latest annual financial statements; or

            
	 	 	 	 
	 	
              (8)

            	
              [
                ]

            	
              an
                investment adviser registered under the Investment Advisers Act;
                or

            
	 	 	 	 
	 	
              b.

            	
              [
                ]

            	
              greater
                than $10 million, and the undersigned is a broker-dealer registered
                with
                the SEC; or

            
	 	 	 	 
	 	
              c.

            	
              [
                ]

            	
              less
                than $10 million, and the undersigned is a broker-dealer registered
                with
                the SEC and will only purchase Rule 144A securities in transactions
                in
                which it acts as a riskless principal (as defined in Rule 144A);
                or

            
	 	 	 	 
	 	
              d.

            	
              [
                ]

            	
              less
                than $100 million, and the undersigned is an investment company registered
                under the Investment Company Act of 1940, which, together with one
                or more
                registered investment companies having the same or an affiliated
                investment adviser, owns at least $100 million of eligible securities;
                or

            
	 	 	 	 
	 	
              e.

            	
              [
                ]

            	
              less
                than $100 million, and the undersigned is an entity, all the equity
                owners
                of which are qualified institutional
                buyers.

            

    

     

    The
      undersigned further certifies that it is purchasing a Privately Offered
      Certificate for its own account or for the account of others that independently
      qualify as “Qualified Institutional Buyers” as defined in Rule 144A. It is aware
      that the sale of the Privately Offered Certificates is being made in reliance
      on
      its continued compliance with Rule 144A. It is aware that the transferor may
      rely on the exemption from the provisions of Section 5 of the Act provided
      by
      Rule 144A. The undersigned understands that the Privately Offered Certificates
      may be resold, pledged or transferred only to (i) a person reasonably believed
      to be a Qualified Institutional Buyer that purchases for its own account or
      for
      the account of a Qualified Institutional Buyer to whom notice is given that
      the
      resale, pledge or transfer is being made in reliance in Rule 144A, or (ii)
      an
      institutional “accredited investor,” as such term is defined under Rule 501 of
      the Act in a transaction that otherwise does not constitute a public
      offering.

     

    The
      undersigned agrees that if at some future time it wishes to dispose of or
      exchange any of the Privately Offered Certificates, it will not transfer or
      exchange any of the Privately Offered Certificates to a Qualified Institutional
      Buyer without first obtaining a Rule 144A and Related Matters Certificate in
      the
      form hereof from the transferee and delivering such certificate to the
      addressees hereof. Prior to making any transfer of Privately Offered
      Certificates, if the proposed Transferee is an institutional “accredited
      investor,” the transferor shall obtain from the transferee and deliver to the
      addressees hereof an Investment Letter in the form attached to the Pooling
      and
      Servicing Agreement, dated as of November 1, 2006, among Bear Stearns Asset
      Backed Securities I LLC, as depositor, EMC Mortgage Corporation, as seller
      and
      as master servicer, and LaSalle Bank National Association, as Trustee, pursuant
      to which the Certificates were issued.

     

    The
      undersigned certifies that it either: (i) is not acquiring the Privately Offered
      Certificate directly or indirectly by, or on behalf of, an employee benefit
      plan
      or other retirement arrangement which is subject to Title I of the Employee
      Retirement Income Security Act of 1974, as amended, and/or section 4975 of
      the
      Internal Revenue Code of 1986, as amended, or (ii) in the case of the Privately
      Offered Certificates, has provided the Opinion of Counsel required by the
      Agreement, or (iii) in the case of the Class I-M-10 Certificates and Class
      II-M-10 Certificates, the transfer (1) will not result in a prohibited
      transaction which is not covered under an individual or class prohibited
      transaction exemption, including, but not limited to, Prohibited Transaction
      Class Exemption (“PTCE”) 84-14, PTCE 91-38, PTCE 90-1, PTCE 95-60 or PTCE 96-23
      and (2) will not give rise to any additional obligations on the part of the
      Depositor, the Master Servicer or the Trustee.

     

    If
      the
      Purchaser proposes that its Certificates be registered in the name of a nominee
      on its behalf, the Purchaser has identified such nominee below, and has caused
      such nominee to complete the Nominee Acknowledgment at the end of this
      letter.

     

    Name
      of
      Nominee (if any): _______________________________________

    

      

      
        1 A
          purchase by an insurance company for one or more of its separate accounts,
          as
          defined by Section 2(a)(37) of the Investment Company Act of 1940, which
          are
          neither registered nor required to be registered thereunder, shall be deemed
          to
          be a purchase for the account of such insurance
          company.

      

    

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    IN
      WITNESS WHEREOF, this document has been executed by the undersigned who is
      duly
      authorized to do so on behalf of the undersigned Eligible Purchaser on the
      ____
      day of ___________, 20___.

    
      	 	 	 	 	 	 	 	
              Very
                truly yours,

            
	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	
              [PURCHASER]

            
	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	
              By:

            	 
	 	 	 	 	 	 	 	 	
              (Authorized
                Officer)

            
	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	
              By:

            	 
	 	 	 	 	 	 	 	 	
              (Attorney-in-fact)

            

    

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    Nominee
      Acknowledgment

    

    The
      undersigned hereby acknowledges and agrees that as to the Certificates being
      registered in its name, the sole beneficial owner thereof is and shall be the
      Purchaser identified above, for whom the undersigned is acting as
      nominee.

     

    
      	 	 	 	 	 	 	 	
              [NAME
                OF NOMINEE]

            
	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	
              By:

            	 
	 	 	 	 	 	 	 	 	
              (Authorized
                Officer)

            
	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	
              By:

            	 
	 	 	 	 	 	 	 	 	
              (Attorney-in-fact)

            

    

    

     

    

    EXHIBIT
      G

     

    FORM
      OF
      REQUEST FOR RELEASE

     

    
      	
              To:

            	
              LaSalle
                Bank National Association

            

    

    
      	 	
              135
                South LaSalle Street, Suite 1511

            

    

    
      	 	
              Chicago,
                Illinois 60603

            

    

     

    
      	
              RE:

            	
              Pooling
                and Servicing Agreement, dated as of November 1, 2006, among Bear
                Stearns
                Asset Backed Securities I LLC, as Depositor, EMC Mortgage Corporation,
                as
                seller and as master servicer, and LaSalle Bank National Association,
                as
                Trustee

            

    

    

    In
      connection with the administration of the Mortgage Loans held by you pursuant
      to
      the above-captioned Pooling and Servicing Agreement, we request the release,
      and
      hereby acknowledge receipt, of the Mortgage File for the Mortgage Loan described
      below, for the reason indicated.

     

    Mortgagor’s
      Name, Address & Zip Code:

     

    Mortgage
      Loan Number:

     

    Reason
      for Requesting Documents (check one):

     

    
      	
              _____

            	
              1.

            	
              Mortgage
                Loan paid in full. ([The Master Servicer] [The Trustee] hereby certifies
                that all amounts received in connection therewith have been credited
                to
                ______________________________.)

            
	 	 	 
	
              _____

            	
              2.

            	
              Mortgage
                Loan in foreclosure.

            
	 	 	 
	
              _____

            	
              3.

            	
              Repurchase.
                (The [Master Servicer] [Trustee] hereby certifies that the repurchase
                price has been credited to ________________________.)

            
	 	 	 
	
              _____

            	
              4.

            	
              A
                Mortgage Loan liquidated by _________________________. ([The Master
                Servicer] [The Trustee] hereby certifies that all proceeds of the
                foreclosure, insurance, condemnation or other liquidation have been
                finally received and credited to
                ______________________.)

            
	 	 	 
	
              _____

            	
              5.

            	
              Other
                (explain)

            	 

    

    

    
      	 	 	 	 	 	 	 	
              By:

            	 
	 	 	 	 	 	 	 	 	
              (authorized
                signer)

            
	 	 	 	 	 	 	 	
              Issuer:
                

            	 
	 	 	 	 	 	 	 	
              Address:
                

            	 
	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	
              Date:

            	 

    

    

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    EXHIBIT
      H

     

    DTC
      Letter of Representations

    

    (See
      Tabs
      # 28 & # 67)

    

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    EXHIBIT
      I

     

    Schedule
      of Mortgage Loans with Lost Notes

    

    [Provided
      Upon Request]

    

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    
 

    EXHIBIT
      J

     

    FORM
      OF
      CUSTODIAL AGREEMENT

     

    CUSTODIAL
      AGREEMENT

     

    THIS
      CUSTODIAL AGREEMENT (as amended and supplemented from time to time, the
“Agreement”), dated as of November 30, 2006, by and among LASALLE BANK NATIONAL
      ASSOCIATION, not individually but solely as trustee under the Pooling and
      Servicing Agreement defined below (in such capacity, including its successors
      under the Pooling and Servicing Agreement defined below, the “Trustee”) and as
      custodian (in such capacity, together with any successor in interest or any
      successor appointed hereunder, the “Custodian”), BEAR STEARNS ASSET BACKED
      SECURITIES I LLC, as depositor (together with any successor in interest, the
      “Depositor”), EMC MORTGAGE CORPORATION, as a seller (in such capacity, “EMC”)
      and as master servicer (in such capacity, together with any successor in
      interest or successor under the Pooling and Servicing Agreement referred to
      below, the “Master Servicer”) and Master Funding LLC, as a seller (“Master
      Funding”, and together with EMC, the “Sellers”). 

     

    WITNESSETH
      THAT:

     

    WHEREAS,
      the Depositor, EMC, the Master Servicer and the Trustee have entered into a
      Pooling and Servicing Agreement, dated as of November 1, 2006, relating to
      the
      issuance of Bear Stearns Asset Backed Securities I Trust 2006-AQ1, Asset-Backed
      Certificates, Series 2006-AQ1 (as in effect on the date of this Agreement,
      the
“Original Pooling and Servicing Agreement,” and as amended and supplemented from
      time to time, the “Pooling and Servicing Agreement”). 

     

    WHEREAS,
      the Custodian has agreed to act as agent for the Trustee on behalf of the
      Certificateholders for the purposes of receiving and holding certain documents
      and other instruments delivered by the Depositor, the Sellers or the Master
      Servicer under the Pooling and Servicing Agreement, all upon the terms,
      conditions and obligations and subject to the limitations hereinafter set forth.
      In the event any custodian terms, conditions and obligations are defined in
      the
      Pooling and Servicing Agreement, this custodial agreement shall supercede;
      

     

    NOW,
      THEREFORE, in consideration of the premises and the mutual covenants and
      agreements hereinafter set forth, the Trustee, the Depositor, the Sellers,
      the
      Master Servicer and the Custodian hereby agree as follows:

     

    ARTICLE
      I.

    DEFINITIONS

     

    Section
      1.1  Definitions.
      For
      purposes of this Agreement, the following terms shall have the indicated
      meanings unless the context or use indicates another or different meaning and
      intent, the definitions of such terms are equally applicable to the singular
      and
      the plural forms of such terms, the words “herein,” “hereof” and “hereunder” and
      other words of similar import refer to this Agreement as a whole and not to
      any
      particular section or other subdivision, and section references refer to
      sections of this Agreement.

     

    "Business
      Day"
      shall
      mean any day other than (i) a Saturday or a Sunday, or (ii) a day on which
      banking institutions in The City of New York, New York, Chicago, Illinois,
      Minneapolis, Minnesota or any city in which the Corporate Trust Office of the
      Trustee or the principal office of the Master Servicer is located are authorized
      or obligated by law or executive order to be closed.

     

    “Closing
      Date”
shall
      mean November 30, 2006.

     

    “EMC
      Flow Loans”
      shall
      mean the Mortgage Loans purchased by EMC pursuant to a flow loan agreement.
      

     

    “MERS”
shall
      mean Mortgage Electronic Registration Systems, Inc., a corporation organized
      and
      existing under the laws of the State of Delaware, or any successor
      thereto.

     

    “MERS
      Mortgage Loan”
shall
      mean any Mortgage Loan registered with MERS on the MERS® system.

     

    “MERS®
      System”
shall
      mean the system of recording transfers of Mortgages electronically maintained
      by
      MERS.

     

    “MIN”
shall
      mean the Mortgage Identification Number for Mortgage Loans registered with
      MERS
      on the MERS System.

     

    “MOM
      Loan”
shall
      mean with respect to any Mortgage Loan, MERS acting as the mortgagee of such
      Mortgage Loan, solely as nominee for the originator of such Mortgage Loan and
      its successors and assigns, at the origination thereof.

     

    “Mortgage”
shall
      mean the mortgage, deed of trust or other instrument creating a first or second
      lien on or first or second priority ownership interest in an estate in fee
      simple in real property securing a Mortgage Note.

     

    “Mortgage
      Assignment”
shall
      mean an assignment of the Mortgage in recordable form, sufficient under the
      laws
      of the jurisdiction wherein the related Mortgaged Property is located to reflect
      the sale of the Mortgage.

     

    “Mortgage
      File”
shall
      have the meaning set forth in Section 2 hereof.

     

    “Mortgage
      Loan”
shall
      mean a first or subordinate lien mortgage loan on a one-to-four family
      residential property.

     

    “Mortgage
      Loan Schedule”
shall
      mean the electronic schedule of Mortgage Loans identified in Schedule
      A.

     

    “Mortgaged
      Property”
shall
      mean the real property securing repayment of a Mortgage Loan.

     

    “Mortgagor”
shall
      mean the obligor on a Mortgage Note.

     

    “Note”
shall
      mean any promissory note or other evidence of indebtedness evidencing the
      indebtedness of a Mortgagor under a Mortgage Loan.

     

    “Servicer”
shall
      mean the related servicer of the Mortgage Loans as designated by
      Owner.

     

    Any
      capitalized terms used in this Agreement and not defined herein shall have
      the
      meanings assigned in the Original Pooling and Servicing Agreement, unless
      otherwise required by the context herein.

     

    ARTICLE
      II.

    CUSTODY
      OF MORTGAGE DOCUMENTS

     

    Section
      2.1  Custodian
      to Act as Agent: Acceptance of Mortgage Files.
      The
      Custodian, as the duly appointed custodial agent of the Trustee for these
      purposes, acknowledges (subject to any exceptions noted in the Initial
      Certification referred to in Section 2.3(a)) receipt of the Mortgage Files
      relating to the Mortgage Loans identified on the Schedule attached hereto (the
      “Mortgage Loan Schedule”) and declares that it holds and will hold such Mortgage
      Files as agent for the Trustee, in trust, for the use and benefit of all present
      and future Certificateholders.

     

    Section
      2.2  Recordation
      of Assignments.
      If any
      Mortgage File includes one or more assignments of Mortgage that have not been
      recorded and the related Mortgage Loan is not a MERS Loan or the Custodian
      has
      not received written instructions from the related Seller or the Trustee that
      the related Mortgaged Properties are located in jurisdictions under the laws
      of
      which the recordation of such assignment is not necessary to protect the
      Trustee’s interest therein, each such assignment shall be delivered by the
      Custodian to the related Seller for the purpose of recording it in the
      appropriate public office for real property records, and the Sellers, at no
      expense to the Custodian, shall promptly cause to be recorded in the appropriate
      public office for real property records each such assignment of Mortgage and,
      upon receipt thereof from such public office, shall return each such assignment
      of Mortgage to the Custodian.

     

    Section
      2.3  Review
      of Mortgage Files.

     

    (a)  The
      documents set forth in the definition “Mortgage File” herein shall be delivered
      and released to the Custodian relating to each of the Mortgage Loans to be
      purchased on a Closing Date. The related Mortgage Loans shall be identified
      in
      the Mortgage Loan Schedule in electronic format which shall be delivered to
      the
      Custodian at least two Business Days prior to each Closing Date. On or prior
      to
      the Closing Date, the Custodian shall deliver to EMC and the Trustee an Initial
      Certification in the form annexed hereto as Exhibit One evidencing receipt
      (subject to any exceptions noted therein) of a Mortgage File for each of the
      Mortgage Loans listed on Schedule A attached hereto (the “Mortgage Loan
      Schedule”).

     

    (b)  Within
      90
      days thereafter, the Custodian agrees, for the benefit of Certificateholders,
      to
      review each such document, and shall deliver to EMC, the Master Servicer and
      the
      Trustee an Interim Certification in the form annexed hereto as Exhibit Two
      to
      the effect that all such documents have been executed and received and that
      such
      documents relate to the Mortgage Loans identified on the Mortgage Loan Schedule,
      except for any exceptions listed on Schedule A attached to such Interim
      Certification. The Custodian shall be under no duty or obligation to inspect,
      review or examine said documents, instruments, certificates or other papers
      to
      determine that the same are genuine, enforceable, or appropriate for the
      represented purpose or that they have actually been recorded or that they are
      other than what they purport to be on their face.

     

    (c)  Not
      later
      than 180 days after the Closing Date, the Custodian shall review, for the
      benefit of Certificateholders, the Mortgage Files and deliver to EMC, the Master
      Servicer and the Trustee a Final Certification in the form annexed hereto as
      Exhibit Three evidencing whether each document required to be recorded has
      been
      returned from the recording office with evidence of recording thereon and the
      Custodian has received either an original or a copy thereof. If the Custodian
      finds any document missing, or to be unrelated, determined on the basis of
      the
      mortgagor name, original principal balance and loan number, to the mortgage
      loans identified on the Mortgage Loan Schedule or to appear defective on its
      face, the Custodian shall note such defect in the exception report attached
      to
      the Final Certification and shall promptly notify the Trustee. 

     

    (d)  In
      reviewing the Mortgage Files as provided herein, the Custodian shall make no
      representation as to and shall not be responsible to verify (i) the validity,
      legality, enforceability, due authorization, recordability, sufficiency or
      genuineness of any of the documents included in any Mortgage File or (ii) the
      collectibility, insurability, effectiveness or suitability of any of the
      documents in any Mortgage File.

     

    In
      performing any such review, the Custodian may conclusively rely on the purported
      due execution and genuineness of any such document and on the purported
      genuineness of any signature thereon.

     

    Upon
      receipt of written request from the Trustee, the Custodian shall as soon as
      practicable supply the Trustee with a list of all of the documents relating
      to
      the Mortgage Loans missing from the Mortgage Files.

     

    Section
      2.4  Custodian
      to Cooperate: Release of Mortgage Files.
      Upon
      receipt of written notice per Exhibit Four or Electronic Release Request per
      Exhibit Six from the Trustee that EMC has repurchased a Mortgage Loan pursuant
      to Article II of the Pooling and Servicing Agreement, and a request for release
      (a “Request for Release”) confirming that the purchase price therefor has been
      paid as required under the Pooling and Servicing Agreement, then the Custodian
      agrees to promptly release to EMC the related Mortgage File.

     

    Upon
      the
      Custodian’s receipt of a Request for Release substantially in the form of
      Exhibit Four attached hereto or Electronic Release Request per Exhibit Six,
      stating that it has received payment in full of a Mortgage Loan or that payment
      in full will be escrowed in a manner customary for such purposes, the Custodian
      agrees promptly to release to the Master Servicer, the related Mortgage File.
      The Depositor shall deliver to the Custodian and the Custodian agrees to review
      in accordance with the provisions of the Custodial Agreement the Mortgage Note
      and other documents constituting the Mortgage File with respect to any
      Replacement Mortgage Loan.

     

    From
      time
      to time as is appropriate for the servicing or foreclosure of any Mortgage
      Loan,
      the Master Servicer shall deliver to the Custodian a Request for Release per
      Exhibit Four or Electronic Release Request per Exhibit Five requesting that
      possession of all of the Mortgage File be released to the Master Servicer and
      certifying as to the reason for such release. Upon receipt of the foregoing,
      the
      Custodian shall deliver the Mortgage File to the Master Servicer. All Mortgage
      Files so released to the Master Servicer shall be held by it in trust for the
      Trustee for the use and benefit of all present and future Certificateholders.
      The Master Servicer shall cause each Mortgage File or any document therein
      so
      released to be returned to the Custodian when the need therefore by the Master
      Servicer no longer exists, unless (i) the Mortgage Loan has been liquidated,
      or
      (ii) the Mortgage File or such document has been delivered to an attorney,
      or to
      a public trustee or other public official as required by law, for purposes
      of
      initiating or pursuing legal action or other proceedings for the foreclosure
      of
      the Mortgaged Property.

     

    Section
      2.5  Assumption
      Agreements.
      In the
      event that any assumption agreement, substitution of liability agreement or
      sale
      of servicing agreement is entered into with respect to any Mortgage Loan subject
      to this Agreement, the Master Servicer shall notify the Custodian that such
      assumption or substitution agreement has been completed by forwarding to the
      Custodian the original of such assumption or substitution agreement, which
      shall
      be added to the related Mortgage File and, for all purposes, shall be considered
      a part of such Mortgage File to the same extent as all other documents and
      instruments constituting parts thereof.

     

    ARTICLE
      III.

    CONCERNING
      THE CUSTODIAN

     

    Section
      3.1  Custodian
      a Bailee and Agent of the Trustee.
      With
      respect to each Mortgage Note, Mortgage and other documents constituting each
      Mortgage File which are delivered to the Custodian, the Custodian is exclusively
      the bailee and custodial agent of the Trustee and has no instructions to hold
      any Mortgage Note or Mortgage for the benefit of any person other than the
      Trustee and the Certificateholders and undertakes to perform such duties and
      only such duties as are specifically set forth in this Agreement. Except upon
      compliance with the provisions of Section 2.4 of this Agreement, no Mortgage
      Note, Mortgage or Mortgage File shall be delivered by the Custodian to the
      Sellers, the Depositor or the Master Servicer or otherwise released from the
      possession of the Custodian.

     

    Section
      3.2  Custodian
      May Own Certificates.
      The
      Custodian in its individual or any other capacity may become the owner or
      pledgee of interests in the Mortgage Loans with the same rights it would have
      if
      it were not Custodian.

     

    Section
      3.3  Trustee
      to Pay Custodian’s Fees.
      The
      Trustee covenants and agrees to pay to the Custodian from time to time, and
      the
      Custodian shall be entitled to, reasonable compensation for all services
      rendered by it in the exercise and performance of any of the powers and duties
      hereunder of the Custodian. 

     

    Section
      3.4  Custodian
      May Resign; Trustee May Remove Custodian.
      The
      Custodian may resign from the obligations and duties hereby imposed upon it
      as
      such obligations and duties relate to its acting as Custodian of the Mortgage
      Loans. Upon receiving such written notice of resignation, the Trustee shall
      either take custody of the Mortgage Files itself and give prompt written notice
      thereof to the Depositor, the Master Servicer and the Custodian, or promptly
      appoint a successor Custodian by written instrument, in duplicate, one copy
      of
      which instrument shall be delivered to the resigning Custodian and one copy
      to
      the successor Custodian. If the Trustee shall not have taken custody of the
      Mortgage Files and no successor Custodian shall have been so appointed and
      have
      accepted appointment within 30 days after the giving of such written notice
      of
      resignation, the resigning Custodian may petition any court of competent
      jurisdiction for the appointment of a successor Custodian.

     

    The
      Trustee may remove the Custodian at any time upon 60 days prior written notice
      to Custodian. In such event, the Trustee shall appoint, or petition a court
      of
      competent jurisdiction to appoint, a successor Custodian hereunder. Any
      successor Custodian shall be a depository institution subject to supervision
      or
      examination by federal or state authority shall be able to satisfy the other
      requirements contained in Section 3.6 and shall be unaffiliated with the Master
      Servicer and the Depositor.

     

    Any
      resignation or removal of the Custodian and appointment of a successor Custodian
      pursuant to any of the provisions of this Section 3.4 shall become effective
      upon acceptance of appointment by the successor Custodian. The Trustee shall
      give prompt notice to the Depositor and the Master Servicer of the appointment
      of any successor Custodian. Notwithstanding anything to the contrary set forth
      herein, no successor Custodian shall be appointed by the Trustee without the
      prior approval of the Depositor and the Master Servicer.

     

    Section
      3.5  Merger
      or Consolidation of Custodian.
      Any
      Person into which the Custodian may be merged or converted or with which it
      may
      be consolidated, or any Person resulting from any merger, conversion or
      consolidation to which the Custodian shall be a party, or any Person succeeding
      to the business of the Custodian, shall be the successor of the Custodian
      hereunder, without the execution or filing of any paper or any further act
      on
      the part of any of the parties hereto, anything herein to the contrary
      notwithstanding; provided that such successor is a depository institution
      subject to supervision or examination by federal or state authority and is
      able
      to satisfy the other requirements contained in Section 3.6.

     

    Section
      3.6  Representations
      of the Custodian.
      The
      Custodian hereby represents that it is a depository institution subject to
      supervision or examination by a federal or state authority, has a combined
      capital and surplus of at least $15,000,000 and is qualified to do business
      in
      the jurisdictions in which it will hold any Mortgage File.

     

    Section
      3.7  Limitation
      on Liability.
      Neither
      the Custodian nor any of its directors, officers, agents or employees, shall
      be
      liable for any action taken or omitted to be taken by it or them hereunder
      or in
      connection herewith in good faith and believed (which belief may be based upon
      the opinion or advice of counsel selected by it in the exercise of reasonable
      care) by it or them to be within the purview of this Agreement, except for
      its
      or their own negligence, lack of good faith or willful
      misconduct.  The Custodian and any director, officer, employee or
      agent of the Custodian may rely in good faith on any document of any kind prima
      facie properly executed and submitted by any person respecting any matters
      arising hereunder. In no event shall the Custodian or its directors, officers,
      agents and employees be held liable for any special, indirect or consequential
      damages resulting from any action taken or omitted to be taken by it or them
      hereunder or in connection herewith even if advised of the possibility of such
      damages.

     

    Notwithstanding
      anything herein to the contrary, the Custodian agrees to indemnify the Trust
      Fund, the Trustee and each of their respective officers, directors and agents
      for any and all liabilities, obligations, losses, damages, payments, costs
      or
      expenses of any kind whatsoever that may be imposed on, incurred by or asserted
      against the Trustee or the Trust Fund, due to any negligent performance by
      the
      Custodian of its duties and responsibilities under this Agreement; provided,
      however, that the Custodian shall not be liable to any of the foregoing Persons
      for any amount and any portion of any such amount resulting from the willful
      misfeasance, bad faith or negligence of such person or the Custodian’s reliance
      on instructions from the Trustee or the Master Servicer. The provisions of
      this
      Section 3.7 shall survive the termination of this Custodial
      Agreement.

     

    LaSalle
      Bank National Association, as Custodian and in its individual capacity, and
      its
      directors, officers, employees and agents shall be entitled to indemnification
      and defense from the Trust Fund for any loss, liability or expense incurred
      without negligence, willful misconduct, bad faith on their part, arising out
      of,
      or in connection with, the acceptance or administration of the custodial
      arrangement created hereunder, including the costs and expenses of defending
      themselves against any claim or liability in connection with the exercise or
      performance of any of their powers or duties hereunder.

     

    Section
      3.8  Limitation
      of Duties.
      The
      Custodian in its capacity as such:

     

    (a)  in
      the
      course of its review of the Mortgage Files, shall not be required to make
      determinations (1) of a legal nature or (2) as to the authority of any officer
      or agent of the Master Servicer, Trustee or other entity who has executed (or
      certified with respect to) any document which is part of the Mortgage File;
      

     

    (b)  shall
      have no duties or obligations other than those specifically set forth herein
      or
      as may subsequently be agreed upon in writing by the parties hereto and shall
      use the same degree of care and skill as is reasonably expected of financial
      institutions acting in comparable capacities;

     

    (c)  will
      be
      regarded as making no representations and having no responsibilities as to
      the
      validity, sufficiency, value, genuineness, ownership or transferability of
      any
      Mortgage Loans and will not be required to and will not make any representations
      as to the validity, value or genuineness of the Mortgage Loans;

     

    (d)  shall
      not
      be obligated to take any legal action hereunder which might in its judgment
      involve any expense or liability unless it has been furnished with reasonable
      indemnity;

     

    (e)  may
      rely
      on and shall be protected in acting upon any certificate, instrument, opinion,
      notice, letter, telegram or other document, or any security, delivered to it
      and
      reasonably believed by it to be genuine and to have been signed by the Master
      Servicer or the Trustee;

     

    (f)  may
      rely
      on and shall be protected in acting upon the written instructions of the Master
      Servicer or the Trustee and such employees and representatives of the Master
      Servicer and the Trustee, as applicable, may hereinafter designate in
      writing;

     

    (g)  may
      consult counsel satisfactory to it (including counsel for the Trustee or the
      Master Servicer) and the opinion of such counsel shall be full and complete
      authorization and protection in respect of any action taken, suffered, or
      omitted by it hereunder in good faith and in accordance with the opinion of
      such
      counsel (provided that the fees of such counsel in connection with such
      consultation and opinion shall be paid by the Custodian); and

     

    (h)  shall
      not
      be liable for any error of judgment, or for any act done or step taken or
      omitted by it, in good faith, or for any mistake of fact or law, or for anything
      which it may do or refrain from doing in connection therewith, except in the
      case of a breach of any of the Custodian’s obligations hereunder, negligence or
      willful misconduct.

     

    The
      Custodian shall be held to the same standard of conduct, and shall be entitled
      to the same protections, privileges and immunities as other custodians acting
      in
      a custodial capacity are generally afforded.

     

    No
      covenant or agreement contained herein shall be deemed to be the covenant or
      agreement of any member of the Board of Directors, or any director, officer,
      agent, employee or representative of the Trustee, Master Servicer or the
      Custodian in his or her individual capacity and none of such persons shall
      be
      subject to any personal liability or accountability by reason of the execution
      of this Agreement, whether by virtue of any constitution, statute or rule of
      law
      or by the enforcement of any assessment or penalty, or otherwise.

     

    ARTICLE
      IV.

    Compliance
      with Regulation AB

     

    Section
      4.1  Intent
      of the Parties; Reasonableness.
      The
      parties hereto acknowledge and agree that the purpose of this Article IV is
      to
      facilitate compliance by the Depositor with the provisions of Regulation AB
      and
      related rules and regulations of the Commission. The Depositor shall not
      exercise its right to request delivery of information or other performance
      under
      these provisions other than in good faith, or for purposes other than compliance
      with the Securities Act, the Exchange Act and the rules and regulations of
      the
      Commission under the Securities Act and the Exchange Act. Each of the parties
      hereto acknowledges that interpretations of the requirements of Regulation
      AB
      may change over time, whether due to interpretive guidance provided by the
      Commission or its staff, consensus among participants in the mortgage-backed
      securities markets, advice of counsel, or otherwise, and agrees to comply with
      requests made by the Depositor in good faith for delivery of information under
      these provisions on the basis of evolving interpretations of Regulation AB.
      The
      Custodian shall cooperate reasonably with the Depositor to deliver to the
      Depositor (including any of its assignees or designees), any and all disclosure,
      statements, reports, certifications, records and any other information necessary
      in the reasonable, good faith determination of the Depositor to permit the
      Depositor to comply with the provisions of Regulation AB.

     

    Section
      4.2  Additional
      Representations and Warranties of the Custodian.
      

     

    (a)  The
      Custodian shall be deemed to represent to the Depositor as of the date hereof
      and on each date on which information is provided to the Trustee under Section
      4.3 that, except as disclosed in writing to the Depositor prior to such date:
      (i) there are no aspects of its financial condition that could have a material
      adverse effect on the performance by it of its Custodian obligations under
      this
      Agreement or any other Securitization Transaction as to which it is the
      custodian; (ii) there are no material legal or governmental proceedings pending
      (or known to be contemplated) against it; and (iii) there are no affiliations,
      relationships or transactions relating to the Custodian with respect to the
      Depositor or any sponsor, issuing entity, servicer, originator, significant
      obligor, enhancement or support provider or other material transaction party
      (other than the Trustee, which is the same entity as the Custodian) (as such
      terms are used in Regulation AB) relating to the Securitization Transaction
      contemplated by the Agreement, as identified by the Depositor to the Custodian
      in writing as of the Closing Date (each, a "Transaction Party").

     

    (b)  If
      so
      requested by the Depositor on any date following the Closing Date, the Custodian
      shall, within five Business Days following such request, confirm in writing
      the
      accuracy of the representations and warranties set forth in paragraph (a) of
      this Section or, if any such representation and warranty is not accurate as
      of
      the date of such confirmation, provide reasonably adequate disclosure of the
      pertinent facts, in writing, to the requesting party. Any such request from
      the
      Depositor shall not be given more than once each calendar quarter, unless the
      Depositor shall have a reasonable basis for a determination that any of the
      representations and warranties may not be accurate.

     

    Section
      4.3  Additional
      Information to Be Provided by the Custodian.
      For so
      long as the Trust is subject to the reporting obligations under the Exchange
      Act, for the purpose of satisfying the Depositor 's reporting obligation under
      the Exchange Act with respect to any class of publicly offered Certificates,
      the
      Custodian shall (a) notify the Depositor in writing of any material litigation
      or governmental proceedings pending against the Custodian that would be material
      to Certificateholders, and (b) provide to the Depositor (and the Trustee) unless
      the Custodian and the Trustee are the same party a written description of such
      proceedings. Any notices and descriptions required under this Section 4.3 shall
      be given no later than five Business Days prior to the Determination Date
      following the month in which the Custodian has knowledge of the occurrence
      of
      the relevant event. As of the date the Trustee files each Report on Form 10-D
      or
      Form 10-K with respect to the Certificates, the Custodian will be deemed to
      represent that any information previously provided under this Section 4.3,
      if
      any, is materially correct and does not have any material omissions unless
      the
      Custodian has provided an update to such information.

     

    Section
      4.4  Report
      on Assessment of Compliance and Attestation.
      On or
      before March 15th of each calendar year beginning in 2007, the Custodian
      shall:

     

    (a)  deliver
      to the Trustee, the Master Servicer and the Depositor a report regarding the
      Custodian’s assessment of compliance (an “Assessment of Compliance”) with the
      Servicing Criteria during the preceding calendar year, as required under Rules
      13a-18 and 15d-18 of the Exchange Act and Item 1122 of Regulation AB. The
      Assessment of Compliance, as set forth in Regulation AB, must contain (i) a
      statement by such officer of its responsibility for assessing compliance with
      the Servicing Criteria applicable to the Custodian, (ii) a statement by such
      officer that the Custodian used the Servicing Criteria attached as Exhibit
      Five
      hereto, and which will also be attached to the Assessment of Compliance, to
      assess compliance with the Servicing Criteria applicable to the Custodian,
      (iii)
      an assessment by such officer of the Custodian’s compliance with the applicable
      Servicing Criteria for the period consisting of the preceding calendar year,
      including disclosure of any material instance of noncompliance with respect
      thereto during such period, which assessment shall be based on the activities
      the Custodian performs with respect to asset-based securities transactions
      taken
      as a whole involving the Custodian, that are backed by the same asset type
      as
      the Mortgage Loans, (iv) a statement that a registered public accounting firm
      has issued an attestation report on the Custodian’s Assessment of Compliance for
      the period consisting of the preceding calendar year, and (v) a statement as
      to
      which of the Servicing Criteria, if any, are not applicable to the Custodian,
      which statement shall be based on the activities the Custodian performs with
      respect to asset-backed securities transactions taken as a whole involving
      the
      Custodian, that are backed by the same asset type as the Mortgage Loans. Such
      report at a minimum shall address each of the Servicing Criteria specified
      on
      Exhibit Five hereto which are indicated as applicable to the Custodian;
      and

     

    (b)  deliver
      to the Trustee, the Master Servicer and the Depositor an Attestation Report
      (an
“Attestation Report”) by a registered public accounting firm that attests to,
      and reports on, the Assessment of Compliance made by the Custodian, as required
      by Rules 13a-18 and 15d-18 of the Exchange Act and Item 1122(b) of Regulation
      AB, which Attestation Report must be made in accordance with standards for
      attestation reports issued or adopted by the Public Company Accounting Oversight
      Board. 

     

    (c)  Notwithstanding
      the foregoing, an Assessment of Compliance is not required to be delivered
      by
      the Custodian unless it is required as part of a Form 10-K with respect to
      the
      Trust Fund.

     

    (d)  In
      the
      event the Custodian is terminated under, or resigns pursuant to, the terms
      of
      this Agreement, the Custodian shall provide an Assessment of Compliance and
      cause to be provided an Attestation Report pursuant to this Section 4.4
      notwithstanding any such termination or resignation.

     

    Section
      4.5  Indemnification;
      Remedies.

     

    (a)  The
      Custodian shall indemnify the Depositor, each affiliate of the Depositor, the
      Master Servicer and each broker dealer acting as underwriter, placement agent
      or
      initial purchaser of the Certificates or each Person who controls any of such
      parties (within the meaning of Section 15 of the Securities Act and Section
      20
      of the Exchange Act); and the respective present and former directors, officers,
      employees and agents of each of the foregoing, and shall hold each of them
      harmless from and against any losses, damages, penalties, fines, forfeitures,
      legal fees and expenses and related costs, judgments, and any other costs,
      fees
      and expenses that any of them may sustain arising out of or based upon any
      failure by the Custodian to deliver any report on assessment of compliance
      or
      accountants’ attestation when and as required under this Article IV.

     

    (b)  In
      the
      case of any failure of performance described in clause (i) of Section 4.5(a),
      the Custodian shall promptly reimburse the Depositor for all costs reasonably
      incurred by the Depositor in order to obtain the information, report,
      certification, accountants’ letter or other material not delivered as required
      by the Custodian.

     

    ARTICLE
      V.

    MISCELLANEOUS
      PROVISIONS

     

    Section
      5.1  Notices.  All
      notices, requests, consents and demands and other communications required under
      this Agreement or pursuant to any other instrument or document delivered
      hereunder shall be in writing and, unless otherwise specifically provided,
      may
      be delivered personally, by telegram or telex, or by registered or certified
      mail, postage prepaid, return receipt requested, at the addresses specified
      on
      the signature page hereof (unless changed by the particular party whose address
      is stated herein by similar notice in writing), in which case the notice will
      be
      deemed delivered when received.

     

    Section
      5.2  Amendments.  No
      modification or amendment of or supplement to this Agreement shall be valid
      or
      effective unless the same is in writing and signed by all parties hereto. The
      Trustee shall give prompt notice to the Custodian of any amendment or supplement
      to the Pooling and Servicing Agreement and furnish the Custodian with written
      copies thereof.

     

    Section
      5.3  GOVERNING
      LAW.
      THIS
      AGREEMENT SHALL BE GOVERNED BY, AND CONSTRUED IN ACCORDANCE WITH, THE LAWS
      OF
      THE STATE OF NEW YORK, WITHOUT REGARD TO CONFLICT OF LAWS PRINCIPLES THEREOF
      OTHER THAN SECTION 5-1401 OF THE NEW YORK GENERAL OBLIGATIONS LAW.

     

    Section
      5.4  Recordation
      of Agreement.
      To the
      extent permitted by applicable law, this Agreement is subject to recordation
      in
      all appropriate public offices for real property records in all the counties
      or
      other comparable jurisdictions in which any or all of the properties subject
      to
      the Mortgages are situated, and in any other appropriate public recording office
      or elsewhere, such recordation to be effected by the Depositor and at the
      Trust’s expense, but only upon direction accompanied by an Opinion of Counsel
      reasonably satisfactory to the Depositor to the effect that the failure to
      effect such recordation is likely to materially and adversely affect the
      interests of the Certificateholders.

     

    For
      the
      purpose of facilitating the recordation of this Agreement as herein provided
      and
      for other purposes, this Agreement may be executed simultaneously in any number
      of counterparts, each of which counterparts shall be deemed to be an original,
      and such counterparts shall constitute but one and the same
      instrument.

     

    Section
      5.5  Severability
      of Provisions.  If
      any one or more of the covenants, agreements, provisions or terms of this
      Agreement shall be for any reason whatsoever held invalid, then such covenants,
      agreements, provisions or terms shall be deemed severable from the remaining
      covenants, agreements, provisions or terms of this Agreement and shall in no
      way
      affect the validity or enforceability of the other provisions of this Agreement
      or of the Certificates or the rights of the holders thereof.

     

    [Signature
      Page Attached]

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    IN
      WITNESS WHEREOF, this Agreement is executed as of the date first above
      written.

     

    

    
      	
              Address:

              135
                South LaSalle Street, Suite 1511

              Chicago,
                Illinois 60603

              Attention:
                BSABS I Trust, Series 2006-AQ1

            	
              LASALLE
                BANK NATIONAL ASSOCIATION, not individually but solely as
                Trustee

               

              By:__________________________________

              Name: 

              Title: 

            
	
              Address:

              2571
                Busse Rd., Suite 200

              Elk
                Grove Village, IL 60007

               

            	
              LASALLE
                BANK NATIONAL ASSOCIATION, as Custodian

               

              By:__________________________________

              Name: 

              Title: 

            
	
              Address:

              383
                Madison Avenue

              New
                York, New York 10179

            	
              BEAR
                STEARNS ASSET BACKED SECURITIES I LLC

               

              By:__________________________________

              Name: 

              Title: 

            
	
              Address:

              2780
                Lake Vista Drive

              Lewisville,
                Texas 75067

              (Facsimile:
                (469) 759-4714)

              Attention:
                President or General Counsel

            	
              EMC
                MORTGAGE CORPORATION

               

              By:__________________________________

              Name: 

              Title: 

            
	
              Address:

              2780
                Lake Vista Drive

              Lewisville,
                Texas 75067

              (Facsimile:
                (469) 759-4714)

              Attention:
                Mark Novachek

            	
              MASTER
                FUNDING LLC

               

              By:__________________________________

              Name: 

              Title: 

            

    

    

      
        
          
          

        

        
          
          

          
            

          

        

        
          
          

        

      

      
        	
                STATE
                  OF ILLINOIS

              	
                )

              
	 	
                )
                  ss:

              
	
                COUNTY
                  OF COOK

              	
                )

              

      

    

     

    On
      the
      30th
      day of
      November 2006 before me, a notary public in and for said State, personally
      appeared _________________, known to me to be an _______________ of LaSalle
      Bank
      National Association, one of the parties that executed the within agreement,
      and
      also known to me to be the person who executed the within agreement on behalf
      of
      said party and acknowledged to me that such party executed the within
      instrument.

     

    IN
      WITNESS WHEREOF, I have hereunto set my hand and affixed my official seal the
      day and year in this certificate first above written.

     

    
      	 	 
	 	
              Notary
                Public

            

    

     

     

    [SEAL]

     

    

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    
      	
              STATE
                OF ILLINOIS

            	
              )

            
	 	
              )
                ss:

            
	
              COUNTY
                OF COOK

            	
              )

            

    

     

    On
      the
      30th
      day of
      November 2006 before me, a notary public in and for said State, personally
      appeared ____________________, known to me to be a(n) ____________________
      of
      LaSalle Bank National Association, one of the parties that executed the within
      instrument, and also known to me to be the person who executed it on behalf
      of
      said party, and acknowledged to me that such party executed the within
      instrument.

     

    IN
      WITNESS WHEREOF, I have hereunto set my hand and affixed my official seal the
      day and year in this certificate first above written.

    
       

      
        	 	 
	 	
                Notary
                  Public

              

      

       

       

    

    [Notarial
      Seal]

    

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    
      	
              STATE
                OF NEW YORK

            	
              )

            
	 	
              )
                ss:

            
	
              COUNTY
                OF NEW YORK

            	
              )

            

    

     

    On
      the
      30th
      day of
      November 2006 before me, a notary public in and for said State, personally
      appeared Joseph T. Jurkowski, Jr., known to me to be a Vice President of Bear
      Stearns Asset Backed Securities I LLC, and also known to me to be the person
      who
      executed the within instrument on behalf of said party, and acknowledged to
      me
      that such party executed the within instrument.

     

    IN
      WITNESS WHEREOF, I have hereunto set my hand and affixed my official seal the
      day and year in this certificate first above written.

    
       

      
        	 	 
	 	
                Notary
                  Public

              

      

       

       

    

    [SEAL]

     

    

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    
      	
              STATE
                OF TEXAS

            	
              )

            
	 	
              )
                ss:

            
	
              COUNTY
                OF DALLAS

            	
              )

            

    

     

    On
      the
      30th
      day of
      November 2006 before me, a notary public in and for said State, personally
      appeared ____________________, known to me to be a(n) ____________________
      of
      EMC Mortgage Corporation, one of the parties that executed the within
      instrument, and also known to me to be the person who executed the within
      instrument on behalf of said party, and acknowledged to me that such party
      executed the within instrument.

     

    IN
      WITNESS WHEREOF, I have hereunto set my hand and affixed my official seal the
      day and year in this certificate first above written.

    
       

      
        	 	 
	 	
                Notary
                  Public

              

      

      
      

    

    [Notarial
      Seal]

     

    

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    
      	
              STATE
                OF TEXAS

            	
              )

            
	 	
              )
                ss:

            
	
              COUNTY
                OF DALLAS

            	
              )

            

    

     

    On
      the
      30th
      day of
      November 2006 before me, a notary public in and for said State, personally
      appeared _____________________, known to me to be a(n) ____________________
      of
      Master Funding LLC, one of the parties that executed the within instrument,
      and
      also known to me to be the person who executed the within instrument on behalf
      of said party, and acknowledged to me that such party executed the within
      instrument.

     

    IN
      WITNESS WHEREOF, I have hereunto set my hand and affixed my official seal the
      day and year in this certificate first above written.

     

    
      
        	 	 
	 	
                Notary
                  Public

              

      

      
      

    

    [Notarial
      Seal]

    
 

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

    

    SCHEDULE
      A

     

    (Provided
      upon request)

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    EXHIBIT
      ONE

     

    FORM
      OF
      CUSTODIAN INITIAL CERTIFICATION

     

    November
      30, 2006

     

    LaSalle
      Bank National Association

    135
      South
      LaSalle Street, Suite 1511

    Chicago,
      Illinois 60603     

     

    EMC
      Mortgage Corporation

    2780
      Lake
      Vista Drive

    Lewisville,
      Texas 75067

    (Facsimile:
      (469) 759-4714)

    Attention:
      President or General Counsel 

     

    Attention:
      Bear Stearns Asset Backed Securities I LLC, Series 2006-AQ1

     

    
      	
              Re:

            	 	Custodial
              Agreement, dated as of November 30, 2006, by and among LaSalle Bank
              National Association, Bear Stearns Asset Backed Securities I LLC, EMC
              Mortgage Corporation and Master Funding LLC, relating to Bear Stearns
              Asset Backed Securities I Trust 2006-AQ1, Asset-Backed
              Certificates, Series 2006-AQ1 

    

             

    Ladies
      and Gentlemen:

     

    In
      accordance with Section 2.3(a) of the above-captioned Custodial Agreement,
      the
      undersigned, as Custodian, hereby certifies that it has received the following
      documents with respect to each Mortgage Loan listed in the Mortgage Loan
      Schedule, with any exceptions listed on Schedule A attached hereto: (i) an
      original note, including any riders thereto, endorsed without recourse to the
      order of LaSalle Bank National Association, as Trustee for certificateholders
      of
      ___________________________ or to blank and showing an unbroken chain of
      endorsements from the original payee thereof to the person endorsing it to
      the
      Trustee; (ii) an original mortgage and, if the related mortgage loan is a MERS
      Loan, registered with MERS, noting the presence of the mortgage identification
      number and language indicating that such mortgage loan is a MERS Loan, which
      shall have been recorded (or, for Mortgage Loans other than the EMC Flow Loans,
      if the original is not available, a copy) with evidence of such recording
      indicated thereon (or if clause (x) in the proviso below applies, shall be
      in
      recordable form); (iii) unless the mortgage loan is a MERS Loan, the assignment
      (either an original or a copy, which may be in the form of a blanket assignment
      if permitted in the jurisdiction in which the mortgage property is located)
      to
      the Trustee of the mortgage with respect to each mortgage loan in the name
      of
      ___________________________, which shall have been recorded (of if clause (x)
      in
      the proviso below applies, shall be in recordable form); (iv) an original or
      a
      copy of all intervening assignments of the mortgage, if any, with evidence
      of
      recording thereon; (v) the original policy of title insurance or mortgagee’s
      certificate of title insurance or commitment or binder for title insurance,
      if
      available, or a copy thereof, or, in the event that such original title
      insurance policy is unavailable, a photocopy thereof, or in lieu thereof, a
      current lien search on the related mortgaged property; and (vi) originals or
      copies of all available assumption, modification or substitution agreements,
      if
      any; provided, however, that in lieu of the foregoing, the Sellers may deliver
      the following documents, under the circumstances set forth below: (x) if any
      mortgage (other than the mortgages related to the EMC Flow Loans), assignment
      thereof to the Trustee or intervening assignments thereof have been delivered
      or
      are being delivered to recording offices for recording and have not been
      returned in time to permit their delivery as specified above, the Depositor
      may
      deliver a true copy thereof with a certification by the related Seller or the
      title company issuing the commitment for title insurance, on the face of such
      copy, substantially as follows: “Certified to be a true and correct copy of the
      original, which has been transmitted for recording”; and (y) in lieu of the
      mortgage notes relating to the Mortgage Loans identified in the list attached
      hereto, the Depositor may deliver a lost note affidavit and indemnity and a
      copy
      of the original note, if available.

     

    Capitalized
      words and phrases used herein shall have the respective meanings assigned to
      them in the above-captioned Custodial Agreement.

     

    LASALLE
      BANK NATIONAL ASSOCIATION

     

    By:______________________________

    Name:____________________________

    Title:_____________________________

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    

    SCHEDULE
      A

    (Please
      see tab # 50)

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

     

    EXHIBIT
      TWO

     

    FORM
      OF
      CUSTODIAN INTERIM CERTIFICATION

     

    [DATE]

     

    LaSalle
      Bank National Association

    135
      South
      LaSalle Street, Suite 1511

    Chicago,
      Illinois 60603     

     

    EMC
      Mortgage Corporation

    2780
      Lake
      Vista Drive

    Lewisville,
      Texas 75067

    (Facsimile:
      (469) 759-4714)

    Attention:
      President or General Counsel 

     

    Attention:
      Bear Stearns Asset Backed Securities I LLC, Series 2006-AQ1

    
       

      
        	
                Re:

              	 	Custodial
                Agreement, dated as of November 30, 2006, by and among LaSalle Bank
                National Association, Bear Stearns Asset Backed Securities I LLC,
                EMC
                Mortgage Corporation and Master Funding LLC, relating to Bear Stearns
                Asset Backed Securities I Trust 2006-AQ1, Asset-Backed
                Certificates, Series 2006-AQ1 

      

               

    

    Ladies
      and Gentlemen:

     

    In
      accordance with Section 2.3(b) of the above-captioned Custodial Agreement,
      the
      undersigned, as Custodian, hereby certifies that it has received and reviewed
      the documents described in its initial certification dated November 30, 2006
      and
      has determined that: all documents have been executed and received and that
      such
      documents relate to the Mortgage Loans identified on the Mortgage Loan Schedule,
      with any exceptions listed on Schedule A attached hereto.

     

    Capitalized
      words and phrases used herein shall have the respective meanings assigned to
      them in the above-captioned Custodial Agreement.

     

    
      LASALLE
        BANK NATIONAL ASSOCIATION

       

      By:______________________________

      Name:____________________________

      Title:_____________________________

    

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    SCHEDULE
      A

    (Provided
      Upon Request)

     

    

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

     

    EXHIBIT
      THREE

     

    FORM
      OF
      CUSTODIAN FINAL CERTIFICATION

     

    [DATE]

     

    LaSalle
      Bank National Association

    135
      South
      LaSalle Street, Suite 1511

    Chicago,
      Illinois 60603     

     

    EMC
      Mortgage Corporation

    2780
      Lake
      Vista Drive

    Lewisville,
      Texas 75067

    (Facsimile:
      (469) 759-4714)

    Attention:
      President or General Counsel 

     

    Attention:
      Bear Stearns Asset Backed Securities I LLC, Series 2006-AQ1

    
      
         

        
          	
                  Re:

                	 	Custodial
                  Agreement, dated as of November 30, 2006, by and among LaSalle
                  Bank
                  National Association, Bear Stearns Asset Backed Securities I LLC,
                  EMC
                  Mortgage Corporation and Master Funding LLC, relating to Bear Stearns
                  Asset Backed Securities I Trust 2006-AQ1, Asset-Backed
                  Certificates, Series 2006-AQ1 

        

                 

      

    

    Ladies
      and Gentlemen:

     

    In
      accordance with Section 2.3(c) of the above-captioned Custodial Agreement,
      the
      undersigned, as Custodian, hereby certifies that it has received and reviewed
      the documents described in its initial certification dated November 30, 2006
      and
      has determined that: all documents have been executed and received and that
      such
      documents relate to the Mortgage Loans identified on the Mortgage Loan Schedule,
      with any exceptions listed on Schedule A attached hereto.

    

    Capitalized
      words and phrases used herein shall have the respective meanings assigned to
      them in the above-captioned Custodial Agreement.

     
      LASALLE
        BANK NATIONAL ASSOCIATION

       

      By:______________________________

      Name:____________________________

      Title:_____________________________

    

    

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    

    SCHEDULE
      A

    (Provided
      Upon Request)

     

    

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

     

    EXHIBIT
      FOUR

     

    FORM
      OF
      REQUEST FOR RELEASE OF DOCUMENTS AND RECEIPT

    

    To: [Name/Address
      of Owner]

    

    Attention:
      

    
      
         

        
          	
                  Re:

                	 	Custodial
                  Agreement, dated as of November 30, 2006, by and among LaSalle
                  Bank
                  National Association, Bear Stearns Asset Backed Securities I LLC,
                  EMC
                  Mortgage Corporation and Master Funding LLC, relating to Bear Stearns
                  Asset Backed Securities I Trust 2006-AQ1, Asset-Backed
                  Certificates, Series 2006-AQ1 

        

                 

      

    

    In
      connection with the Mortgage Files that you hold pursuant to the Custodial
      Agreement, we request the release, and acknowledge receipt of the Mortgage
      file/[specify document] for the Mortgage Loan described below, the reason
      indicated.

    

    Mortgagor’s
      Name, Address and Zip Code:

    

    

    Mortgage
      Loan Number:

    

    

    Reason
      for Requesting Documents: (check one)

    

    _____
      1.
      Mortgage Loan paid in full. ([The Master Servicer] [the Trustee] hereby
      certifies that all amounts received in connection therewith have been credited
      to
      __________________________________________________________________________.)

    

    _____
      2.
      Mortgage Loan in foreclosure.

    

    _____
      3.
      Repurchase. (The [Master Servicer] [Trustee] hereby certifies that the
      repurchase price has been credited to
      _____________________________________________.)

    

    _____
      4.
      Mortgage Loan liquidated by _______________________________________. ([The
      Master Servicer] [The Trustee] hereby certifies that all proceeds of the
      foreclosure, insurance, condemnation or other liquidation have been finally
      received and credited to _____________________________________.

    

    _____
      5.
      Other (explain):

    EXHIBIT
      FIVE

    

    SERVICING
      CRITERIA TO BE ADDRESSED IN ASSESSMENT OF COMPLIANCE

    

    The
      assessment of compliance to be delivered by the Custodian shall address, at
      a
      minimum, the criteria identified as below as “Applicable Servicing
      Criteria”;

     

    
      	
               

              Servicing
                Criteria

            	
              Applicable

              Servicing
                Criteria

            
	
              Reference

            	
              Criteria

            	 
	 	
              General
                Servicing Considerations

            	 
	
               

               

              1122(d)(1)(i)

            	
              Policies
                and procedures are instituted to monitor any performance or other
                triggers
                and events of default in accordance with the transaction
                agreements

            	
               

            
	
               

               

              1122(d)(1)(ii)

            	
              If
                any material servicing activities are outsourced to third parties,
                policies and procedures are instituted to monitor the third party’s
                performance and compliance with such servicing activities

            	
               

            
	
               

              1122(d)(1)(iii)

            	
              Any
                requirements in the transaction agreements to maintain a back-up
                servicer
                for the pool assets are maintained.

            	
               

            
	
               

               

               

              1122(d)(1)(iv)

            	
              A
                fidelity bond and errors and omissions policy is in effect on the
                party
                participating in the servicing function throughout the reporting
                period in
                the amount of coverage required by and otherwise in accordance with
                the
                terms of the transaction agreements.

            	 
	 	
               

              Cash
                Collection and Administration

            	 
	
               

               

               

              1122(d)(2)(i)

            	
              Payments
                on pool assets are deposited into the appropriate custodial bank
                accounts
                and related bank clearing accounts no more than two business days
                following receipt, or such other number of days specified in the
                transaction agreements.

            	
               

            
	
               

              1122(d)(2)(ii)

            	
              Disbursements
                made via wire transfer on behalf of an obligor or to an investor
                are made
                only by authorized personnel.

            	
               

            
	
               

               

               

              1122(d)(2)(iii)

            	
              Advances
                of funds or guarantees regarding collections, cash flows or distributions,
                and any interest or other fees charged for such advances are made,
                reviewed and approved as specified in the transaction
                agreements.

            	
               

            
	
               

               

               

              1122(d)(2)(iv)

            	
              The
                related accounts for the transaction, such as cash reserve accounts
                or
                accounts established as a form of overcollateralization, are separately
                maintained (e.g., with respect to commingling of cash) as set forth
                in the
                transaction agreements.

            	
               

            
	
               

               

               

               

              1122(d)(2)(v)

            	
              Each
                custodial account is maintained at a federally insured depository
                institution as set forth in the transaction agreements. For purposes
                of
                this criterion, “federally insured depository institutions” with respect
                to a foreign financial institution means a foreign financial institution
                that meets the requirements of Rule 13k-1(b)(1) of the Securities
                Exchange
                Act. 

            	 
	
              1122(d)(2)(vi)

            	
              Unissued
                checks are safeguarded so as to prevent unauthorized
                access.

            	
               

            
	
               

               

               

               

               

              1122(d)(2)(vii)

            	
              Reconciliations
                are prepared on a monthly basis for all asset-backed securities related
                bank accounts, including custodial accounts and related bank clearing
                accounts. These reconciliations are (A) mathematically accurate;
                (B)
                prepared within 30 calendar days after the bank statement cutoff
                date, or
                such other number of days specified in the transaction agreements;
                (C)
                reviewed and approved by someone other than the person who prepared
                the
                reconciliations; and (D) contain explanations for reconciling items,
                These
                reconciling items are resolved within 90 calendar days of their original
                identification, or such other number of days specified in the transaction
                agreements.

            	 
	 	
               

              Investor
                Remittances and Reporting

            	 
	
               

               

               

               

               

              1122(d)(3)(i)

            	
              Reports
                to investors, including those to be filed with the Commission, are
                maintained in accordance with the transaction agreements and applicable
                Commission requirements. Specifically, such reports (A) are prepared
                in
                accordance with timeframes and other terms set forth in the transaction
                agreements, (B) provide information calculated in accordance with
                the
                terms specified in the transaction agreements; (C) are filed with
                the
                Commission as required by its rules and regulations; and (D) agree
                with
                investors; or the trustee’s records as to the total unpaid principal
                balance and number of pool assets serviced by the
                servicer.

            	
               

            
	
               

               

              1122(d)(3)(ii)

            	
              Amounts
                due to investors are allocated and remitted in accordance with timeframes,
                distribution priority and other terms set forth in the transaction
                agreements.

            	
               

            
	
               

               

              1122(d)(3)(iii)

            	
              Disbursements
                made to an investor are posted within two business days to the servicer’s
                investor records, or such other number of days specified in the
                transaction agreements.

            	
               

            
	
               

               

              1122(d)(3)(iv)

            	
              Amounts
                remitted to investors per the investor reports agree with cancelled
                checks, or other form of payment, or custodial bank
                statements.

            	 
	 	
               

              Pool
                Asset Administration

            	 
	
               

              1122(d)(4)(i)

            	
              Collateral
                or security on pool assets is maintained as required by the transaction
                agreements or related asset pool documents.

            	
              √

            
	
               

              1122(d)(4)(ii)

            	
              Pool
                assets and related documents are safeguarded as required by the
                transaction agreements.

            	
              √

            
	
               

               

              1122(d)(4)(iii)

            	
              Any
                additions, removals or substitutions to the asset pool are made,
                reviewed
                and approved in accordance with any conditions or requirements in
                the
                transaction agreements

            	
              √2 

            
	
               

               

               

              1122(d)(4)(iv)

            	
              Payments
                on pool assets, including any payoffs, made in accordance with the
                related
                pool asset documents are posted to the servicer’s obligor records
                maintained no more than two business days after receipt, or such
                other
                number of days specified in the transaction agreements, and allocated
                to
                principal, interest or other items (e.g., escrow) in accordance with
                the
                related pool asset documents.

            	
               

            
	
               

              1122(d)(4)(v)

            	
              The
                servicer’s records regarding the pool assets agree with the servicer’s
                records with respect to an obligor’s unpaid principal
                balance.

            	
               

            
	
               

               

               

              1122(d)(4)(vi)

            	
              Changes
                with respect to the terms or status of an obligor’s pool asset (e.g., loan
                modifications or re-agings) are made, reviewed and approved by authorized
                personnel in accordance with the transaction agreements and related
                pool
                asset documents.

            	
               

            
	
               

               

               

               

              1122(d)(4)(vii)

            	
              Loss
                mitigation of recovery actions (e.g., forbearance plans, modifications
                and
                deed in lieu of foreclosure, foreclosures and repossessions, as
                applicable) are initiated, conducted and concluded in accordance
                with the
                timeframes or other requirements established by the transaction
                documents.

            	
               

            
	
               

               

               

               

              1122(d)(4)(viii)

            	
              Records
                documenting collection efforts are maintained during the period a
                pool
                asset is delinquent in accordance with the transaction agreements.,
                Such
                records are maintained in at least a monthly basis, or such other
                period
                specified in the transaction agreements, and describe the entity’s
                activities in monitoring delinquent pool assets including, for example,
                phone calls, letters and payment rescheduling plans in cases where
                delinquency is deemed temporary (e.g., illness or
                unemployment).

            	 
	
               

              1122(d)(4)(ix)

            	
              Adjustments
                to interest rates or rates of return for pool assets with variable
                rates
                are computed based on the related pool asset documents.

            	
               

            
	
               

               

               

               

               

              1122(d)(4)(x)

            	
              Regarding
                any funds held in trust for an obligor (such as escrow accounts);
                (A) such
                funds are analyzed, in accordance with the obligor’s pool asset documents,
                on at least an annual basis, or such other period specified in the
                transaction agreements; (B) interest on such funds is paid, or credited,
                to obligors in accordance with applicable pool asset documents and
                state
                laws; and (C) such funds are returned to the obligor within 3- calendar
                days of full repayment of the related pool asset, or such other number
                of
                days specified in the transaction agreements.

            	
               

            
	
               

               

               

              1122(d)(4)(xi)

            	
              Payments
                made on behalf of an obligor (such as tax ore insurance payments)
                are made
                on or before the related penalty or expiration dates, as indicated
                on the
                appropriate bills or notices for such payments, provided that such
                support
                has been received by the service at least 30 calendar days prior
                to these
                dates, or such other number of days specified in the transaction
                agreements.

            	
               

            
	
               

               

              1122(d)(4)(xii)

            	
              Any
                late payment penalties in connection with any payment to be made
                on behalf
                of an obligor are paid from the servicer’s funds and not charged to the
                obligor, unless the late payment was due to the obligor’s error or
                omission.

            	
               

            
	
              1122(d)(4)(xiii)

            	
              Disbursements
                made on behalf of an obligor are posted within two business days
                to the
                obligor’s records maintained by the servicer, or such other number of days
                specified in the transaction agreements.

            	
               

            
	
              1122(d)(4)(xiv)

            	
              Delinquencies,
                charge-offs and uncollectible funds are recognized and recorded in
                accordance with the transaction agreements.

            	
               

            
	
              1122(d)(4)(xv)

            	
              Any
                external enhancement or other support, identified in item 1114(a)(1)
                through (3) or item 1115 of Regulation AB, is maintained as set forth
                in
                the transaction agreements.

            	 

    

     

    

      

      
        2
          Only
          with respect to the logistics of adding, removing or substituting loan
          files.

      

    

    EXHIBIT
      SIX

    

    ELECTRONIC
      RELEASE REQUEST (Excel)

    
      	
              Collateral
                Release Tasks 

            	
               

            
	
               

            	
               

            
	
              Required
                Field Header

            	
              Description

            
	
               

            	
               

            
	
              Customer

            	
              Value
                can be constant of '1018'
                

            
	
               

            	
               

            
	
              Poolnum

            	
              pool
                number if available, can be left blank as well

            
	
               

            	
               

            
	
              Loaned

            	
              EMC
                loan#, required field

            
	
               

            	
               

            
	
              loc_code

            	
              Codes
                must be mutually agreed upon with custodian. Examples are PDPO= loans
                released for payoff, FORC = loans released for foreclosure, OLIQ=
                loans
                released for repurchase, NLIQ = loans released for
                non-liquidation/correction.

            
	
               

            	
               

            
	
              rel_code

            	
              Codes
                must be mutually agreed upon with custodian. Examples are 

              1
                =
                payoff, 2 = foreclosure, 4 = repurchase, 5 =
                non-liquidation.

            
	
               

            	
               

            
	
              rel_doclist

            	
              Can
                be left blank

            
	
               

            	
               

            
	
              notation

            	
              "Name
                of Person File Being Released To @ Company Name" (i.e. Sharon
                Ayers@EMC)

            
	
               

            	
               

            
	
              reqstr

            	
              Can
                be left blank

            
	
               

            	
               

            
	
              reqstr_sig

            	
              Signatory
                code assigned to requestor, TBD

            
	
               

            	
               

            
	
              amend

            	
              0
                =
                new release request, 1= amend an existing released record (ie. FORC
                to
                PDPO)

            

    

    

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    
 

    EXHIBIT
      K

     

    FORM
      OF
      BACK-UP CERTIFICATION 

     

     

    Re:  The
      [ ]
      agreement dated as of [ ],
      200[ ]
      (the “Agreement”), among [IDENTIFY PARTIES]

     

    I,
      ________________________________, the _______________________ of [NAME OF
      COMPANY], certify to [the Purchaser], [the Depositor], and the [Master Servicer]
      [Trustee], and their officers, with the knowledge and intent that they will
      rely
      upon this certification, that:

     

    (1) I
      have
      reviewed the servicer compliance statement of the Company provided in accordance
      with Item 1123 of Regulation AB (the “Compliance Statement”), the report on
      assessment of the Company’s compliance with the servicing criteria set forth in
      Item 1122(d) of Regulation AB (the “Servicing Criteria”), provided in accordance
      with Rules 13a-18 and 15d-18 under Securities Exchange Act of 1934, as amended
      (the “Exchange Act”) and Item 1122 of Regulation AB (the “Servicing
      Assessment”), the registered public accounting firm’s attestation report
      provided in accordance with Rules 13a-18 and 15d-18 under the Exchange Act
      and
      Section 1122(b) of Regulation AB (the “Attestation
      Report”), and all servicing reports, officer’s certificates and other
      information relating to the servicing of the Mortgage Loans by the Company
      during 200[ ] that were delivered by the Company to the [Depositor] [Master
      Servicer] [Trustee] pursuant to the Agreement (collectively, the “Company
      Servicing Information”);

     

    (2) Based
      on
      my knowledge, the Company Servicing Information, taken as a whole, does not
      contain any untrue statement of a material fact or omit to state a material
      fact
      necessary to make the statements made, in the light of the circumstances under
      which such statements were made, not misleading with respect to the period
      of
      time covered by the Company Servicing Information;

     

    (3) Based
      on
      my knowledge, all of the Company Servicing Information required to be provided
      by the Company under the Agreement has been provided to the [Depositor] [Master
      Servicer] [Trustee];

     

    (4) I
      am
      responsible for reviewing the activities performed by the Company as servicer
      under the Agreement, and based on my knowledge and the compliance review
      conducted in preparing the Compliance Statement and except as disclosed in
      the
      Compliance Statement, the Servicing Assessment or the Attestation Report, the
      Company has fulfilled its obligations under the Agreement in all material
      respects; and

     

    (5) The
      Compliance Statement required to be delivered by the Company pursuant to the
      Agreement, and the Servicing Assessment and Attestation Report required to
      be
      provided by the Company and by any Subservicer or Subcontractor pursuant to
      the
      Agreement, have been provided to the [Depositor] [Master Servicer]. Any material
      instances of noncompliance described in such reports have been disclosed to
      the
      [Depositor] [Master Servicer]. Any material instance of noncompliance with
      the
      Servicing Criteria has been disclosed in such reports.

     

    Date: _________________________

     

     

    By:

     

    Name:
       ________________________________
      

     

    Title:
       ________________________________

    

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    
 

    EXHIBIT
      L

    

    FORM
      OF
      MORTGAGE LOAN PURCHASE AGREEMENT

     

    MORTGAGE
      LOAN PURCHASE AGREEMENT, dated as of November 30, 2006, as amended and
      supplemented by any and all amendments hereto (collectively, “this
      Agreement”),
      by
      and among EMC MORTGAGE CORPORATION, a Delaware corporation (“EMC”
or
      a
“Mortgage
      Loan Seller”),
      MASTER FUNDING LLC, a Delaware limited liability company (a “Mortgage
      Loan Seller”
or
      “Master
      Funding”,
      and
      together with EMC, the “Mortgage
      Loan Sellers”)
      and
      BEAR STEARNS ASSET BACKED SECURITIES I LLC, a Delaware limited liability company
      (the “Purchaser”).

     

    Upon
      the
      terms and subject to the conditions of this Agreement, each Mortgage Loan Seller
      agrees to sell, and the Purchaser agrees to purchase, certain conventional,
      closed-end, subprime, fixed rate and adjustable rate, first and second lien
      mortgage loans secured by one- to four-family residences (collectively, the
      “Mortgage
      Loans”)
      as
      described herein. The Purchaser intends to deposit the Mortgage Loans into
      a
      trust fund (the “Trust
      Fund”)
      and
      create Bear Stearns Asset Backed Securities I Trust 2006-AQ1, Asset-Backed
      Certificates, Series 2006-AQ1 (the “Certificates”),
      under
      a pooling and servicing agreement, to be dated as of November 1, 2006 (the
      “Pooling
      and Servicing Agreement”),
      among
      the Purchaser, as depositor, EMC, as seller and as master servicer (the
“Master
      Servicer”),
      and
      LaSalle Bank National Association, as trustee (the “Trustee”).

     

    The
      Purchaser has filed with the Securities and Exchange Commission (the
“Commission”)
      a
      registration statement on Form S-3 (Number 333-131374) relating to its
      Asset-Backed Certificates and the offering of certain series thereof (including
      certain classes of the Certificates) from time to time in accordance with Rule
      415 under the Securities Act of 1933, as amended, and the rules and regulations
      of the Commission promulgated thereunder (the “Securities
      Act”).
      Such
      registration statement, when it became effective under the Securities Act,
      and
      the prospectus relating to the public offering of certain classes of the
      Certificates by the Purchaser (the “Public
      Offering”),
      as
      each may be amended or supplemented from time to time pursuant to the Securities
      Act or otherwise, are referred to herein as the “Registration
      Statement”
and
      the
“Prospectus,”
      respectively. The “Free
      Writing Prospectus”
shall
      mean the free writing prospectus, dated November 16, 2006, relating to certain
      classes of the Certificates. The “Prospectus
      Supplement”
shall
      mean the final supplement, dated November 29, 2006, to the Prospectus, dated
      October 18, 2006, relating to certain classes of the Certificates. With respect
      to the Public Offering of certain classes of the Certificates, Bear, Stearns
      & Co. Inc. (“Bear
      Stearns”)
      and
      the Purchaser have entered into a terms agreement, dated as of November 16,
      2006, to an underwriting agreement, dated April 13, 2006 (together, the
“Underwriting
      Agreement”)
      between Bear Stearns and the Purchaser.

     

    Now,
      therefore, in consideration of the premises and the mutual agreements set forth
      herein, the parties hereto agree as follows:

     

    SECTION
      1.  Definitions.
      Certain
      terms are defined herein. Capitalized terms used herein but not defined herein
      shall have the meanings specified in the Pooling and Servicing Agreement. The
      following other terms are defined as follows:

     

    Acquisition
      Price:
      With
      respect to EMC and the sale of the EMC Mortgage Loans, cash in an amount equal
      to $          *             
      (plus
      $              *         
      in
      accrued interest) and the retained certificates. With respect to Master Funding
      and the sale of the Master Funding Mortgage Loans, cash in an amount equal
      to
      $           *             
      (plus
      $            *            
      in
      accrued interest).

     

    Bear
      Stearns:
      Bear,
      Stearns & Co. Inc.

     

    Closing
      Date:
      November 30, 2006.

     

    Custodial
      Agreement:
      An
      agreement, dated as of November 30, 2006, among the Depositor, EMC, Master
      Funding, the Master Servicer, the Trustee and LaSalle Bank National Association
      as custodian (in such capacity, the “Custodian”).

     

    Cut-off
      Date:
      November 1, 2006.

     

    Deleted
      Mortgage Loan:
      A
      Mortgage Loan replaced or to be replaced by a Replacement Mortgage
      Loan.

     

    Due
      Date:
      As to
      any Mortgage Loan, the date in each month on which the related Scheduled Payment
      is due, as set forth in the related Mortgage Note.

     

    EMC:
      EMC
      Mortgage Corporation.

     

    EMC
      Flow Loans:
      The
      Mortgage Loans purchased by EMC pursuant to a flow loan purchase agreement.
      

     

    EMC
      Mortgage Loans:
      The
      Mortgage Loans identified as such on the Mortgage Loan Schedule for which EMC
      is
      the applicable Mortgage Loan Seller. 

     

    Group
      I Cut-off Date Balance:
      Shall
      mean $418,520,489.58.

     

    Group
      II Cut-off Date Balance:
      Shall
      mean $196,676,797.10.

     

    LaSalle:
      LaSalle
      Bank National Association, or its successors in interest.

     

    Master
      Funding:
      Master
      Funding LLC.

     

    Master
      Funding Mortgage Loan:
      The
      Mortgage Loans identified as such on the Mortgage Loan Schedule for which Master
      Funding is the applicable Mortgage Loan Seller. 

     

    MERS:
      Mortgage Electronic Registration Systems, Inc., a corporation organized and
      existing under the laws of the State of Delaware, or any successor
      thereto.

     

    MERS®
      System:
      The
      system of recording transfers of Mortgages electronically maintained by
      MERS.

     

    Moody’s:
      Moody’s
      Investors Service, Inc., or its successors in interest.

     

    Mortgage:
      The
      mortgage, deed of trust or other instrument creating a first or second lien
      on
      or first or second priority ownership interest in an estate in fee simple in
      real property securing a Mortgage Note.

     

    Mortgage
      File:
      The
      items referred to in Exhibit
      1
      pertaining to a particular Mortgage Loan and any additional documents required
      to be added to such documents pursuant to this Agreement.

     

    Mortgage
      Rate:
      The
      annual rate of interest borne by a Mortgage Note as stated herein.

     

    Mortgagor:
      The
      obligor(s) on a Mortgage Note.

     

    Net
      Mortgage Rate:
      As to
      each Mortgage Loan, and at any time, the per annum rate equal to the Mortgage
      Rate less the sum of (i) the Servicing Fee Rate, (ii) the Trustee Fee Rate
      and
      (iii) the rate at which the LPMI Fee is calculated, if any.

     

    Opinion
      of Counsel:
      A
      written opinion of counsel, who may be counsel for the Mortgage Loan Sellers
      or
      the Purchaser, reasonably acceptable to the Trustee.

     

    Person:
      Any
      legal person, including any individual, corporation, partnership, joint venture,
      association, joint stock company, trust, unincorporated organization or
      government or any agency or political subdivision thereof.

     

    Piggyback
      Loan:
      A second
      lien Mortgage Loan originated by the same originator to the same borrower at
      the
      same time as the first lien Mortgage Loan, each secured by the same Mortgaged
      Property.

     

    Purchase
      Price:
      With
      respect to any Mortgage Loan required to be purchased by EMC (on its own behalf
      as a Mortgage Loan Seller and on behalf of Master Funding) pursuant to the
      applicable provisions of this Agreement, an amount equal to the sum of (i)
      100%
      of the principal remaining unpaid on such Mortgage Loan as of the date of
      purchase (including if a foreclosure has already occurred, the principal balance
      of the related Mortgage Loan at the time the Mortgaged Property was acquired),
      (ii) accrued and unpaid interest thereon at the Mortgage Rate through and
      including the last day of the month of purchase, reduced by any portion of
      the
      Servicing Fee, Servicing Advances and Advances payable to the purchaser of
      the
      Mortgage Loan, plus and (iii) any costs and damages (if any) incurred by the
      Trust in connection with any violation of such Mortgage Loan of any
      anti-predatory lending laws.

     

    Rating
      Agencies:
      Standard & Poor’s and Moody’s, each a “Rating
      Agency.”

     

    Replacement
      Mortgage Loan:
      A
      mortgage loan substituted for a Deleted Mortgage Loan which must meet on the
      date of such substitution the requirements stated herein and in the Pooling
      and
      Servicing Agreement; upon such substitution, such mortgage loan shall be a
      “Mortgage
      Loan”
      hereunder.

     

    Securities
      Act:
      The
      Securities Act of 1933, as amended.

     

    Standard
      & Poor’s:
      Standard & Poor’s, a division of The McGraw-Hill Companies, Inc. or its
      successors in interest.

     

    Subgroup
      II-2 Mortgage Loans:
      The
      Mortgage Loans with respect to Subgroup II-2. 

     

    Value:
      The
      value of the Mortgaged Property at the time of origination of the related
      Mortgage Loan, such value being the lesser of (i) the value of such property
      set
      forth in an appraisal accepted by the applicable originator of the Mortgage
      Loan
      or (ii) the sales price of such property at the time of
      origination.

     

    SECTION
      2.  Purchase
      and Sale of the Mortgage Loans and Related Rights. 

     

    (a)  Upon
      satisfaction of the conditions set forth in Section 11 hereof, each Mortgage
      Loan Seller agrees to sell, and the Purchaser agrees to purchase Mortgage Loans
      sold by such Mortgage Loan Seller having an aggregate outstanding principal
      balance as of the Cut-off Date equal to the Group I Cut-off Date Balance and
      Group II Cut-off Date Balance, and each Mortgage Loan Seller’s interest in the
      Group I Swap Agreement and Group II Swap Agreement. 

     

    (b)  The
      closing for the purchase and sale of the Mortgage Loans and the closing for
      the
      issuance of the Certificates will take place on the Closing Date at the office
      of the Purchaser’s counsel in New York, New York or such other place as the
      parties shall agree.

     

    (c)  Upon
      the
      satisfaction of the conditions set forth in Section 11 hereof, on the Closing
      Date, the Purchaser shall pay to each respective Mortgage Loan Seller the
      related Acquisition Price for the Mortgage Loans sold by such Mortgage Loan
      Seller in immediately available funds by wire transfer to such account or
      accounts as shall be designated by such Mortgage Loan Seller.

     

    SECTION
      3.  Mortgage
      Loan Schedule.
      EMC (on
      its own behalf as a Mortgage Loan Seller and on behalf of Master Funding) agrees
      to provide to the Purchaser as of the date hereof a listing of the Mortgage
      Loans (the “Mortgage
      Loan Schedule”)
      setting forth the information listed on Exhibit
      2
      to this
      Agreement with respect to each of the Mortgage Loans being sold by the
      respective Mortgage Loan Sellers.
      The
      Mortgage Loan Schedule shall be delivered to the Purchaser on the Closing Date
      and shall be in form and substance mutually agreed to by EMC (on its own behalf
      as a Mortgage Loan Seller and on behalf of Master Funding) and the
      Purchaser.

     

    SECTION
      4.  Mortgage
      Loan Transfer. 

     

    (a)  The
      Purchaser will be entitled to all scheduled payments of principal and interest
      on the Mortgage Loans due after the Cut-off Date (regardless of when actually
      collected) and all payments thereof. Each Mortgage Loan Seller will be entitled
      to all scheduled payments of principal and interest on the Mortgage Loans sold
      by it to the Purchaser due on or before the Cut-off Date (including payments
      collected after the Cut-off Date) and all payments thereof. Such principal
      amounts and any interest thereon belonging to the related Mortgage Loan Seller
      as described above will not be included in the aggregate outstanding principal
      balance of the Mortgage Loans as of the Cut-off Date as set forth on the
      Mortgage Loan Schedule.

     

    (b)  Pursuant
      to various conveyancing documents to be executed on the Closing Date and
      pursuant to the Pooling and Servicing Agreement, the Purchaser will assign
      on
      the Closing Date all of its right, title and interest in and to the Mortgage
      Loans to the Trustee for the benefit of the Certificateholders. In connection
      with the transfer and assignment of the Mortgage Loans, each Mortgage Loan
      Seller has delivered or will deliver or cause to be delivered to the Trustee,
      or
      the Custodian on behalf of the Trustee, by the Closing Date or such later date
      as is agreed to by the Purchaser and such Mortgage Loan Seller (each of the
      Closing Date and such later date is referred to as a “Mortgage
      File Delivery Date”),
      the
      items of the Custodian’s Mortgage File, provided,
      however,
      that in
      lieu of the foregoing, each Mortgage Loan Seller may deliver the following
      documents, under the circumstances set forth below: (x) in lieu of the original
      Mortgage (other than the Mortgages related to the EMC Flow Loans), assignments
      to the Trustee or intervening assignments thereof which have been delivered,
      are
      being delivered or will upon receipt of recording information relating to the
      Mortgage required to be included thereon, be delivered to recording offices
      for
      recording and have not been returned in time to permit their delivery as
      specified above, the related Mortgage Loan Seller may deliver a true copy
      thereof with a certification by such Mortgage Loan Seller or the Master
      Servicer, on the face of such copy, substantially as follows: “Certified to be a
      true and correct copy of the original, which has been transmitted for
      recording;” (y) in lieu of the Mortgage (other than the Mortgages related to the
      EMC Flow Loans), assignments to the Trustee or intervening assignments thereof,
      if the applicable jurisdiction retains the originals of such documents or if
      the
      originals are lost (in each case, as evidenced by a certification from such
      Mortgage Loan Seller or the Master Servicer to such effect), such Mortgage
      Loan
      Seller may deliver photocopies of such documents containing an original
      certification by the judicial or other governmental authority of the
      jurisdiction where such documents were recorded; and (z) in lieu of the Mortgage
      Notes relating to the Mortgage Loans, each identified in the list delivered
      by
      the Purchaser to the Trustee on the Closing Date and attached hereto as
Exhibit
      5
      the
      related Mortgage Loan Seller may deliver lost note affidavits and indemnities
      of
      such Mortgage Loan Seller; and provided further, however, that in the case
      of
      Mortgage Loans which have been prepaid in full after the Cut-off Date and prior
      to the Closing Date, such Mortgage Loan Seller, in lieu of delivering the above
      documents, may deliver to the Trustee a certification by such Mortgage Loan
      Seller or the Master Servicer to such effect. Each Mortgage Loan Seller shall
      deliver such original documents (including any original documents as to which
      certified copies had previously been delivered) or such certified copies to
      the
      Trustee, or the Custodian on behalf of the Trustee, promptly after they are
      received. EMC (on its own behalf as a Mortgage Loan Seller and on behalf of
      Master Funding) shall cause the Mortgage and intervening assignments, if any,
      and the assignment of the Mortgage to be recorded not later than 180 days after
      the Closing Date unless such assignment is not required to be recorded under
      the
      terms set forth in Section 6(a) hereof.

     

    (c)  In
      connection with the assignment of any Mortgage Loan registered on the MERS®
System, EMC (on its own behalf as a Mortgage Loan Seller and on behalf of Master
      Funding) further agrees that it will cause, at EMC’s own expense, within 30 days
      after the Closing Date, the MERS® System to indicate that such Mortgage Loans
      have been assigned by the related Mortgage Loan Seller to the Purchaser and
      by
      the Purchaser to the Trustee in accordance with this Agreement for the benefit
      of the Certificateholders by including (or deleting, in the case of Mortgage
      Loans which are repurchased in accordance with this Agreement) in such computer
      files (a) the code in the field which identifies the specific Trustee and (b)
      the code in the field “Pool Field” which identifies the series of the
      Certificates issued in connection with such Mortgage Loans. EMC (on its own
      behalf as a Mortgage Loan Seller and on behalf of Master Funding) further agrees
      that it will not, and will not permit the Master Servicer to, and the Master
      Servicer agrees that it will not, alter the codes referenced in this paragraph
      with respect to any Mortgage Loan during the term of the Pooling and Servicing
      Agreement unless and until such Mortgage Loan is repurchased in accordance
      with
      the terms of the Pooling and Servicing Agreement.

     

    (d)  Each
      Mortgage Loan Seller and the Purchaser acknowledge hereunder that all of the
      Mortgage Loans will ultimately be assigned to LaSalle Bank National Association,
      as Trustee for the benefit of the Certificateholders, on the date
      hereof.

     

    SECTION
      5.  Examination
      of Mortgage Files. 

     

    (a)  On
      or
      before the Mortgage File Delivery Date, each Mortgage Loan Seller will have
      made
      the related Mortgage Files available to the Purchaser or its agent for
      examination which may be at the offices of the Trustee or such Mortgage Loan
      Seller and/or such Mortgage Loan Seller’s custodian. The fact that the Purchaser
      or its agent has conducted or has failed to conduct any partial or complete
      examination of the related Mortgage Files shall not affect the Purchaser’s
      rights to demand cure, repurchase, substitution or other relief as provided
      in
      this Agreement. In furtherance of the foregoing, each Mortgage Loan Seller
      shall
      make the related Mortgage Files available to the Purchaser or its agent from
      time to time so as to permit the Purchaser to confirm such Mortgage Loan
      Seller’s compliance with the delivery and recordation requirements of this
      Agreement and the Pooling and Servicing Agreement. In addition, upon request
      of
      the Purchaser, each Mortgage Loan Seller agrees to provide to the Purchaser,
      Bear Stearns and to any investors or prospective investors in the Certificates
      information regarding the Mortgage Loans and their servicing, to make the
      related Mortgage Files available to the Purchaser, Bear Stearns and to such
      investors or prospective investors (which may be at the offices of the related
      Mortgage Loan Seller and/or such Mortgage Loan Seller’s custodian) and to make
      available personnel knowledgeable about the related Mortgage Loans for
      discussions with the Purchaser, Bear Stearns and such investors or prospective
      investors, upon reasonable request during regular business hours, sufficient
      to
      permit the Purchaser, Bear Stearns and such investors or potential investors
      to
      conduct such due diligence as any such party reasonably believes is
      appropriate.

     

    (b)  Pursuant
      to the Pooling and Servicing Agreement, on the Closing Date the Trustee (or
      the
      Custodian as obligated under the Custodial Agreement), for the benefit of the
      Certificateholders, will review items of the Mortgage Files as set forth on
      Exhibit
      1
      and will
      deliver to EMC (on its own behalf as a Mortgage Loan Seller and on behalf of
      Master Funding) an initial certification in the form attached as Exhibit One
      to
      the Custodial Agreement.

     

    (c)  Within
      90
      days of the Closing Date, the Trustee or the Custodian on its behalf shall,
      in
      accordance with the provisions of Section 2.02 of the Pooling and Servicing
      Agreement, deliver to EMC (on its own behalf as a Mortgage Loan Seller and
      on
      behalf of Master Funding) and the Trustee an Interim Certification in the form
      attached as Exhibit Two to the Custodial Agreement to the effect that all such
      documents have been executed and received and that such documents relate to
      the
      Mortgage Loans identified on the Mortgage Loan Schedule, except for any
      exceptions listed on Schedule A attached to such Interim Certification. The
      Custodian shall be under no duty or obligation to inspect, review or examine
      said documents, instruments, certificates or other papers to determine that
      the
      same are genuine, enforceable, or appropriate for the represented purpose or
      that they have actually been recorded or that they are other than what they
      purport to be on their face.

     

    (d)  The
      Trustee or the Custodian on its behalf will review the Mortgage Files within
      180
      days of the Closing Date and will deliver to EMC and the Master Servicer, and
      if
      reviewed by the Custodian, the Trustee, a final certification substantially
      in
      the form of Exhibit Three to the Custodial Agreement. If the Trustee or the
      Custodian on its behalf is unable to deliver a final certification with respect
      to the items listed in Exhibit
      1
      due to
      any document that is missing, has not been executed, is unrelated, determined
      on
      the basis of the Mortgagor name, original principal balance and loan number,
      to
      the Mortgage Loans identified in the Mortgage Loan Schedule (a “Material
      Defect”),
      the
      Trustee or the Custodian on its behalf shall notify EMC of such Material Defect.
      EMC (on its own behalf as a Mortgage Loan Seller and on behalf of Master
      Funding) shall correct or cure any such Material Defect within 90 days from
      the
      date of notice from the Trustee, the Depositor or the Master Servicer of the
      Material Defect and if EMC (on its own behalf as a Mortgage Loan Seller and
      on
      behalf of Master Funding) does not correct or cure such Material Defect within
      such period and such defect materially and adversely affects the interests
      of
      the Certificateholders in the related Mortgage Loan, EMC (on its own behalf
      as a
      Mortgage Loan Seller and on behalf of Master Funding) will, in accordance with
      the terms of the Pooling and Servicing Agreement, within 90 days of the date
      of
      notice, provide the Trustee with a Replacement Mortgage Loan (if within two
      years of the Closing Date) or purchase the related Mortgage Loan at the
      applicable Purchase Price; provided,
      however,
      that if
      such defect relates solely to the inability of EMC (on its own behalf as a
      Mortgage Loan Seller and on behalf of Master Funding) to deliver the original
      security instrument or intervening assignments thereof, or a certified copy
      because the originals of such documents, or a certified copy, have not been
      returned by the applicable jurisdiction, EMC shall not be required to purchase
      such Mortgage Loan if EMC (on its own behalf as a Mortgage Loan Seller and
      on
      behalf of Master Funding) delivers such original documents or certified copy
      promptly upon receipt, but in no event later than 360 days after the Closing
      Date. The foregoing repurchase obligation shall not apply in the event that
      EMC
      (on its own behalf as a Mortgage Loan Seller and on behalf of Master Funding)
      cannot deliver such original or copy of any document submitted for recording
      to
      the appropriate recording office in the applicable jurisdiction because such
      document has not been returned by such office; provided that EMC (on its own
      behalf as a Mortgage Loan Seller and on behalf of Master Funding) shall instead
      deliver a recording receipt of such recording office or, if such receipt is
      not
      available, a certificate of EMC (on its own behalf as a Mortgage Loan Seller
      and
      on behalf of Master Funding) or a Servicing Officer confirming that such
      documents have been accepted for recording, and delivery to the Trustee shall
      be
      effected by EMC (on its own behalf as a Mortgage Loan Seller and on behalf
      of
      Master Funding) within thirty days of its receipt of the original recorded
      document.

     

    (e)  At
      the
      time of any substitution, EMC (on its own behalf as a Mortgage Loan Seller
      and
      on behalf of Master Funding) shall deliver or cause to be delivered the
      Replacement Mortgage Loan, the related Mortgage File and any other documents
      and
      payments required to be delivered in connection with a substitution pursuant
      to
      the Pooling and Servicing Agreement. At the time of any purchase or
      substitution, the Trustee shall (i) assign the selected Mortgage Loan to EMC
      (on
      its own behalf as a Mortgage Loan Seller and on behalf of Master Funding) and
      shall release or cause the Custodian to release the documents (including, but
      not limited to, the Mortgage, Mortgage Note and other contents of the Mortgage
      File) in the possession of the Trustee or the Custodian, as applicable relating
      to the Deleted Mortgage Loan and (ii) execute and deliver such instruments
      of
      transfer or assignment, in each case without recourse, as shall be necessary
      to
      vest in EMC (on its own behalf as a Mortgage Loan Seller and on behalf of Master
      Funding) title to such Deleted Mortgage Loan.

     

    SECTION
      6.  Recordation
      of Assignments of Mortgage. 

     

    (a)  EMC
      (on
      its own behalf as a Mortgage Loan Seller and on behalf of Master Funding) will,
      promptly after the Closing Date, cause each Mortgage and each assignment of
      Mortgage from the Mortgage Loan Sellers to the Trustee, and all unrecorded
      intervening assignments, if any, delivered on or prior to the Closing Date,
      to
      be recorded in all recording offices in the jurisdictions where the related
      Mortgaged Properties are located; provided,
      however,
      EMC (on
      its own behalf as a Mortgage Loan Seller or on behalf of Master Funding) need
      not cause to be recorded any assignment which relates to a Mortgage Loan that
      is
      a MOM Loan or for which the related Mortgaged Property is located in any
      jurisdiction under the laws of which, as evidenced by an Opinion of Counsel
      delivered by EMC (on its own behalf as a Mortgage Loan Seller and on behalf
      of
      Master Funding) to the Trustee and the Rating Agencies, the recordation of
      such
      assignment is not necessary to protect the Trustee’s interest in the related
      Mortgage Loan; provided,
      however,
      notwithstanding the delivery of any Opinion of Counsel, each assignment of
      Mortgage shall be submitted for recording by EMC (on its own behalf as a
      Mortgage Loan Seller and on behalf of Master Funding) in the manner described
      above, at no expense to the Trust Fund or Trustee, upon the earliest to occur
      of
      (i) reasonable direction by the Holders of Certificates evidencing Percentage
      Interests aggregating not less than 25% of the Trust, (ii) the occurrence of
      an
      Event of Default, (iii) the occurrence of a bankruptcy, insolvency or
      foreclosure relating to EMC under the Pooling and Servicing Agreement, (iv)
      the
      occurrence of a servicing transfer or an assignment of the servicing as
      described in Section 7.07 of the Pooling and Servicing Agreement or (iv) with
      respect to any one assignment of Mortgage, the occurrence of a bankruptcy,
      insolvency or foreclosure relating to the Mortgagor under the related
      Mortgage.

     

    While
      each such Mortgage or assignment is being recorded, if necessary, EMC (on its
      own behalf as a Mortgage Loan Seller and on behalf of Master Funding) shall
      leave or cause to be left with the Trustee or the Custodian on its behalf a
      certified copy of such Mortgage or assignment. In the event that, within 180
      days of the Closing Date, the Trustee has not been provided with an Opinion
      of
      Counsel as described above or received evidence of recording with respect to
      each Mortgage Loan delivered to the Purchaser pursuant to the terms hereof
      or as
      set forth above and the related Mortgage Loan is not a MOM Loan, the failure
      to
      provide evidence of recording or such Opinion of Counsel shall be considered
      a
      Material Defect, and the provisions of Section 5(c) and (d) shall apply. All
      customary recording fees and reasonable expenses relating to the recordation
      of
      the assignments of mortgage to the Trustee or the Opinion of Counsel, as the
      case may be, shall be borne by EMC.

     

    (b)  It
      is the
      express intent of the parties hereto that the conveyance of the Mortgage Loans
      by each Mortgage Loan Seller to the Purchaser, as contemplated by this Agreement
      be, and be treated as, a sale. It is, further, not the intention of the parties
      that such conveyance be deemed a pledge of the Mortgage Loans by such Mortgage
      Loan Seller to the Purchaser to secure a debt or other obligation of that
      Mortgage Loan Seller. However, in the event that, notwithstanding the intent
      of
      the parties, the Mortgage Loans are held by a court to continue to be property
      of such Mortgage Loan Seller, then (a) this Agreement shall also be deemed
      to be
      a security agreement within the meaning of Articles 8 and 9 of the applicable
      Uniform Commercial Code; (b) the transfer of the Mortgage Loans provided for
      herein shall be deemed to be a grant by such Mortgage Loan Seller to the
      Purchaser of a security interest in all of such Mortgage Loan Seller’s right,
      title and interest in and to the Mortgage Loans and all amounts payable to
      the
      holders of the Mortgage Loans in accordance with the terms thereof and all
      proceeds of the conversion, voluntary or involuntary, of the foregoing into
      cash, instruments, securities or other property, to the extent the Purchaser
      would otherwise be entitled to own such Mortgage Loans and proceeds pursuant
      to
      Section 4 hereof, including all amounts, other than investment earnings, from
      time to time held or invested in any accounts created pursuant to the Pooling
      and Servicing Agreement, whether in the form of cash, instruments, securities
      or
      other property; (c) the possession by the Purchaser or the Trustee (or the
      Custodian on its behalf) of Mortgage Notes and such other items of property
      as
      constitute instruments, money, negotiable documents or chattel paper shall
      be
      deemed to be “possession by the secured party” for purposes of perfecting the
      security interest pursuant to Section 9-305 (or comparable provision) of the
      applicable Uniform Commercial Code; and (d) notifications to persons holding
      such property, and acknowledgments, receipts or confirmations from persons
      holding such property, shall be deemed notifications to, or acknowledgments,
      receipts or confirmations from, financial intermediaries, bailees or agents
      (as
      applicable) of the Purchaser for the purpose of perfecting such security
      interest under applicable law. Any assignment of the interest of the Purchaser
      pursuant to any provision hereof or pursuant to the Pooling and Servicing
      Agreement shall also be deemed to be an assignment of any security interest
      created hereby. EMC (on its own behalf as a Mortgage Loan Seller and on behalf
      of Master Funding) and the Purchaser shall, to the extent consistent with this
      Agreement, take such actions as may be reasonably necessary to ensure that,
      if
      this Agreement were deemed to create a security interest in the Mortgage Loans,
      such security interest would be deemed to be a perfected security interest
      of
      first priority under applicable law and will be maintained as such throughout
      the term of the Pooling and Servicing Agreement.

     

    SECTION
      7.  Representations
      and Warranties of EMC Concerning the Mortgage Loans.
      EMC
      hereby represents and warrants to the Purchaser as of the Closing Date or such
      other date as may be specified below with respect to each Mortgage
      Loan:

     

    (a)  The
      information set forth in the Mortgage Loan Schedule hereto is true and correct
      in all material respects.

     

    (b)  Immediately
      prior to the transfer to the Purchaser, the related Mortgage Loan Seller was
      the
      sole owner of beneficial title and holder of each Mortgage and Mortgage Note
      relating to the Mortgage Loans and is conveying the same free and clear of
      any
      and all liens, claims, encumbrances, participation interests, equities, pledges,
      charges or security interests of any nature and such Mortgage Loan Seller has
      full right and authority to sell or assign the same pursuant to this
      Agreement.

     

    (c)  Each
      Mortgage Loan at the time it was made complied in all material respects with
      all
      applicable local, state and federal laws and regulations, including, without
      limitation, usury, equal credit opportunity, disclosure and recording laws
      and
      all applicable predatory, abusive and fair lending laws; and each Mortgage
      Loan
      has been serviced in all material respects in accordance with all applicable
      local, state and federal laws and regulations, including, without limitation,
      usury, equal credit opportunity, disclosure and recording laws and all
      applicable anti-predatory lending laws and the terms of the related Mortgage
      Note, the Mortgage and other loan documents.

     

    (d)  There
      is
      no monetary default existing under any Mortgage or the related Mortgage Note
      and
      there is no material event which, with the passage of time or with notice and
      the expiration of any grace or cure period, would constitute a default, breach
      or event of acceleration; and neither the related Mortgage Loan Seller, any
      of
      its affiliates nor any servicer of any related Mortgage Loan has taken any
      action to waive any default, breach or event of acceleration; and no foreclosure
      action is threatened or has been commenced with respect to the Mortgage
      Loan.

     

    (e)  The
      terms
      of the Mortgage Note and the Mortgage have not been impaired, waived, altered
      or
      modified in any respect, except by written instruments, (i) if required by
      law
      in the jurisdiction where the Mortgaged Property is located, or (ii) to protect
      the interests of the Trustee on behalf of the Certificateholders.

     

    (f)  No
      selection procedure reasonably believed by the related Mortgage Loan Seller
      to
      be adverse to the interests of the Certificateholders was utilized in selecting
      the Mortgage Loans.

     

    (g)  Each
      Mortgage is a valid and enforceable first or second lien on the property
      securing the related Mortgage Note and each Mortgaged Property is owned by
      the
      Mortgagor in fee simple (except with respect to common areas in the case of
      condominiums, PUDs and de minimis
      PUDs) or
      by leasehold for a term longer than the term of the related Mortgage, subject
      only to (i) the lien of current real property taxes and assessments, (ii)
      covenants, conditions and restrictions, rights of way, easements and other
      matters of public record as of the date of recording of such Mortgage, such
      exceptions being acceptable to mortgage lending institutions generally or
      specifically reflected in the appraisal obtained in connection with the
      origination of the related Mortgage Loan or referred to in the lender’s title
      insurance policy delivered to the originator of the related Mortgage Loan and
      (iii) other matters to which like properties are commonly subject which do
      not
      materially interfere with the benefits of the security intended to be provided
      by such Mortgage.

     

    (h)  There
      is
      no mechanics’ lien or claim for work, labor or material affecting the premises
      subject to any Mortgage which is or may be a lien prior to, or equal with,
      the
      lien of such Mortgage except those which are insured against by the title
      insurance policy referred to in clause (m) below.

     

    (i)  There
      was
      no delinquent tax or assessment lien against the property subject to any
      Mortgage, except where such lien was being contested in good faith and a stay
      had been granted against levying on the property.

     

    (j)  There
      is
      no valid offset, defense or counterclaim to any Mortgage Note or Mortgage,
      including the obligation of the Mortgagor to pay the unpaid principal and
      interest on such Mortgage Note.

     

    (k)  The
      physical property subject to any Mortgage is free of material damage and is
      in
      good repair and there is no proceeding pending or threatened for the total
      or
      partial condemnation of any Mortgaged Property.

     

    (l)  The
      Mortgaged Property and all improvements thereon comply with all requirements
      of
      any applicable zoning and subdivision laws and ordinances.

     

    (m)  With
      respect to any first lien Mortgage Loan, a lender’s title insurance policy (on
      an ALTA or CLTA form) or binder, or other assurance of title customary in the
      relevant jurisdiction therefor in a form acceptable to Fannie Mae or Freddie
      Mac, was issued on the date that each Mortgage Loan was created by a title
      insurance company which, to the best of the related Mortgage Loan Seller’s
      knowledge, was qualified to do business in the jurisdiction where the related
      Mortgaged Property is located, insuring such Mortgage Loan Seller and its
      successors and assigns that the Mortgage is a first priority lien on the related
      Mortgaged Property in the original principal amount of the Mortgage Loan. The
      related Mortgage Loan Seller is the sole insured under such lender’s title
      insurance policy, and such policy, binder or assurance is valid and remains
      in
      full force and effect, and each such policy, binder or assurance shall contain
      all applicable endorsements including a negative amortization endorsement,
      if
      applicable. With
      respect to any second lien Mortgage Loan, other
      than any Piggyback Loan that has an initial principal amount less than
      or equal to $200,000, (a) a lender’s title insurance policy or binder, or
      other assurance of title customary in the relevant jurisdiction therefore in
      a
      form acceptable to Fannie Mae or Freddie Mac, was issued on the date that each
      Mortgage Loan was created by a title insurance company which, to the best of
      the
      related Mortgage
      Loan Seller’s
      knowledge, was qualified to do business in the jurisdiction where the related
      Mortgaged Property is located, insuring the related seller and its successors
      and assigns. The related Mortgage
      Loan Seller
      is
      the sole insured under such lender’s title insurance policy, and such policy,
      binder or assurance is valid and remains in full force and effect, and each
      such
      policy, binder or assurance shall contain all applicable endorsements including
      a negative amortization endorsement, if applicable, or (b) a  lien
      search  was conducted at the time of origination with respect to
      the related Mortgaged Property.

     

    (n)  At
      the
      time of origination, each Mortgaged Property was the subject of an appraisal
      which conformed to the underwriting requirements of the originator of the
      Mortgage Loan and, the appraisal is in a form acceptable to Fannie Mae or
      Freddie Mac. 

     

    (o)  The
      improvements on each Mortgaged Property securing a Mortgage Loan are insured
      (by
      an insurer which is acceptable to the related Mortgage Loan Seller) against
      loss
      by fire and such hazards as are covered under a standard extended coverage
      endorsement in the locale in which the Mortgaged Property is located, in an
      amount which is not less than the lesser of the maximum insurable value of
      the
      improvements securing such Mortgage Loan or the outstanding principal balance
      of
      the Mortgage Loan, but in no event in an amount less than an amount that is
      required to prevent the Mortgagor from being deemed to be a co-insurer
      thereunder; if the improvement on the Mortgaged Property is a condominium unit,
      it is included under the coverage afforded by a blanket policy for the
      condominium project; if upon origination of the related Mortgage Loan, the
      improvements on the Mortgaged Property were in an area identified as a federally
      designated flood area, a flood insurance policy is in effect in an amount
      representing coverage not less than the least of (i) the outstanding principal
      balance of the Mortgage Loan, (ii) the restorable cost of improvements located
      on such Mortgaged Property or (iii) the maximum coverage available under federal
      law; and each Mortgage obligates the Mortgagor thereunder to maintain the
      insurance referred to above at the Mortgagor’s cost and expense.

     

    (p)  Each
      Mortgage Loan constitutes a “qualified mortgage” under Section 860G(a)(3)(A) of
      the Code and Treasury Regulation Section 1.860G-2(a)(1), (2), (4), (5), (6),
      (7)
      and (9) without reliance on the provisions of Treasury Regulation Section
      1.860G-2(a)(3) or Treasury Regulation Section 1.860G-2(f)(2) or any other
      provision that would allow a Mortgage Loan to be treated as a “qualified
      mortgage” notwithstanding its failure to meet the requirements of Section
      860G(a)(3)(A) of the Code and Treasury Regulation Section 1.860G-2(a)(1), (2),
      (4), (5), (6), (7) and (9).

     

    (q)  None
      of
      the Mortgage Loans are (a) loans subject to 12 CFR Part 226.31, 12 CFR Part
      226.32 or 12 CFR Part 226.34 of Regulation Z, the regulation implementing TILA,
      which implements the Home Ownership and Equity Protection Act of 1994, as
      amended or (b) “high cost home,” “covered” (excluding home loans defined as
“covered home loans” in the New Jersey Home
      Ownership Security Act of 2002 that were originated between November 26, 2003
      and July 7, 2004), “high risk home” or “predatory” loans under any applicable
      state, federal or local law (or a similarly classified loan using different
      terminology under a law imposing heightened regulatory scrutiny or additional
      legal liability for residential mortgage loans having high interest rates,
      points and/or fees).

     

    (r)  The
      information set forth in Schedule A of the Prospectus Supplement with respect
      to
      the Mortgage Loans
      is true
      and correct in all material respects.

     

    (s)  No
      Mortgage Loan (a) is a “high cost loan” or “covered loan” as applicable (as such
terms
      are
      defined in the then current Standard & Poor’s LEVELS® Glossary, which is now
      Version 5.7, Appendix E, attached hereto as Exhibit 6) or (b) was originated
      on
      or after October 1, 2002 and before March 7, 2003, which is governed by the
      Georgia Fair Lending Act. 

     

    (t)  Each
      Mortgage Loan was originated in accordance with the underwriting guidelines
      of
      the related originator.

     

    (u)  Each
      original Mortgage has been recorded or is in the process of being recorded
      in
      accordance with the requirements of Section 2.01 of the Pooling and Servicing
      Agreement in the appropriate jurisdictions wherein such recordation is required
      to perfect the lien thereof for the benefit of the Trust Fund.

     

    (v)  The
      related Mortgage File contains each of the documents and instruments listed
      in
      Section 2.01 of the Pooling and Servicing Agreement, subject to any exceptions,
      substitutions and qualifications as are set forth in such Section.

     

    (w)  The
      Mortgage Loans are currently being serviced in accordance with accepted
      servicing practices.

     

    (x)  With
      respect to each Mortgage Loan that has a prepayment penalty feature, each such
      prepayment penalty is enforceable and will be enforced by the related Mortgage
      Loan Seller and each prepayment penalty
      is
      permitted pursuant to federal, state and local law. In addition, with respect
      to
      each Mortgage Loan (i) no Mortgage Loan will impose a prepayment penalty for
      a
      term in excess of five years from the date such Mortgage Loan was originated
      and
      (ii) such prepayment penalty is at least equal to the lesser of (A) the maximum
      amount permitted under applicable law and (B) six months interest at the related
      Mortgage Rate on the amount prepaid in excess of 20% of the original principal
      balance of such Mortgage Loan.

     

    (y)  If
      any of
      the Mortgage Loans are secured by a leasehold interest, with respect to each
      leasehold interest: the use of leasehold estates for residential properties
      is
      an accepted practice in the area where the related Mortgaged Property is
      located; residential property in such area consisting of leasehold estates
      is
      readily marketable; the lease is recorded and no party is in any way in breach
      of any provision of such lease; the leasehold is in full force and effect and
      is
      not subject to any prior lien or encumbrance by which the leasehold could be
      terminated or subject to any charge or penalty; and the remaining term of the
      lease does not terminate less than ten years after the maturity date of such
      Mortgage Loan.

     

    (z)  With
      respect to the Subgroup I-2 Mortgage Loans, no refinance or purchase money
      mortgage loan has an APR or total points and fees that exceed the thresholds
      set
      by the Home Ownership and Equity Protection Act of 1994 (“HOEPA”) and its
      implementing regulations, including 12 CFR § 226.32(a)(1)(i) and
      (ii).

     

    (aa)  With
      respect to the Subgroup I-2 Mortgage Loans, no borrower obtained a prepaid
      single-premium credit-life, credit disability, credit unemployment or credit
      property insurance policy in connection with the origination of the mortgage
      loan. 

     

    (bb)  With
      respect to the Subgroup I-2 Mortgage Loans that contains a provision permitting
      imposition of a penalty upon a prepayment prior to maturity: (a) the mortgage
      loan provides some benefit to the borrower (e.g., a rate or fee reduction)
      in
      exchange for accepting such prepayment penalty; (b) the mortgage loan’s
      originator had a written policy of offering the borrower, or requiring any
      third-party brokers to offer the borrower, the option of obtaining a mortgage
      loan that did not require payment of such a penalty; (c) the prepayment penalty
      was adequately disclosed to the borrower pursuant to applicable state and
      federal law; and (d) no subprime loan originated on or after October 1, 2002
      will provide for prepayment penalties for a term in excess of three years and
      any loans originated prior to such date, and any non-subprime loans, will not
      provide for prepayment penalties for a term in excess of five years; unless
      the
      loan was modified to reduce the prepayment period to no more than three years
      from the date of the note and the borrower was notified in writing of such
      reduction in prepayment period. 

     

    (cc)  With
      respect to the Subgroup I-2 Mortgage Loans, the borrower was not encouraged
      or
      required to select a mortgage loan product offered by the mortgage loan’s
      originator which is a higher cost product designed for less creditworthy
      borrowers, taking into account such facts as, without limitation, the mortgage
      loan’s requirements and the borrower’s credit history, income, assets and
      liabilities.

     

    (dd)  
      With
      respect to the Subgroup I-2 Mortgage Loans, the methodology used in underwriting
      the extension of credit for each Group I Mortgage Loan in the trust did not
      rely
      solely on the extent of the borrower’s equity in the collateral as the principal
      determining factor in approving such extension of credit. The methodology
      employed objective criteria such as the borrower’s income, assets and
      liabilities, to the proposed mortgage payment and, based on such methodology,
      the Mortgage Loan’s originator made a reasonable determination that at the time
      of origination the borrower had the ability to make timely payments on the
      Mortgage Loan. 

     

    (ee)  With
      respect to the Subgroup I-2 Mortgage Loans, no borrower was charged “points and
      fees” in an amount greater than (a) $1,000 or (b) 5% of the principal amount of
      such mortgage loan, whichever is greater. For purposes of this representation,
      “points and fees” (x) include origination, underwriting, broker and finder’s
      fees and charges that the lender imposed as a condition of making the mortgage
      loan, whether they are paid to the lender or a third party; and (y) exclude
      bona
      fide discount points, fees paid for actual services rendered in connection
      with
      the origination of the mortgage (such as attorneys’ fees, notaries fees and fees
      paid for property appraisals, credit reports, surveys, title examinations and
      extracts, flood and tax certifications, and home inspections); the cost of
      mortgage insurance or credit-risk price adjustments; the costs of title, hazard,
      and flood insurance policies; state and local transfer taxes or fees; escrow
      deposits for the future payment of taxes and insurance premiums; and other
      miscellaneous fees and charges, which miscellaneous fee and charges, in total,
      do not exceed 0.25 percent of the loan amount. 

     

    (ff)  With
      respect to any Subgroup I-2 Mortgage Loans originated on or after August 1,
      2004, neither the related mortgage nor the related mortgage note requires the
      borrower to submit to arbitration to resolve any dispute arising out of or
      relating in any way to the mortgage loan transaction. 

     

    (gg)  No
      Subgroup I-2 Mortgage Loan was originated in connection with a manufactured
      housing unit.

     

    (hh)  None
      of
      the Subgroup I-2 Mortgage Loans have an original principal balance that exceeds
      the applicable Freddie Mac loan limit as of the Closing Date. 

     

    (ii)  None
      of
      the Subgroup I-2 Mortgage Loans are seasoned more than 12 months.

     

    It
      is
      understood and agreed that the representations and warranties set forth in
      this
      Section 7 will inure to the benefit of the Purchaser, its successors and
      assigns, notwithstanding any restrictive or qualified endorsement on any
      Mortgage Note or assignment of Mortgage or the examination of any Mortgage
      File.
      Upon any substitution for a Mortgage Loan, the representations and warranties
      set forth above shall be deemed to be made by the related Mortgage Loan Seller
      as to any Replacement Mortgage Loan as of the date of substitution.

     

    Upon
      discovery or receipt of notice by EMC, the Purchaser or the Trustee of a breach
      of any representation or warranty of EMC set forth in this Section 7 which
      materially and adversely affects the value of the interests of the Purchaser,
      the Certificateholders or the Trustee in any of the Mortgage Loans delivered
      to
      the Purchaser pursuant to this Agreement, the party discovering or receiving
      notice of such breach shall give prompt written notice to the others. It is
      understood and agreed that a breach of any one of the representations contained
      in clauses (c), (q) and (s) in respect of the Subgroup I-2 Mortgage Loans and
      clauses (z) through (ii) will be deemed to materially adversely affect the
      interests of the related Certificateholders. In the case of any such breach
      of a
      representation or warranty set forth in this Section 7, within 90 days from
      the
      date of discovery by EMC, or the date EMC is notified by the party discovering
      or receiving notice of such breach (whichever occurs earlier), EMC will (i)
      cure
      such breach in all material respects, (ii) purchase the affected Mortgage Loan
      at the applicable Purchase Price or (iii) if within two years of the Closing
      Date, substitute a qualifying Replacement Mortgage Loan in exchange for such
      Mortgage Loan; provided that, (A) in the case of a breach of the representation
      and warranty concerning the Mortgage Loan Schedule contained in clause (a)
      of
      this Section 7, if such breach is material and relates to any field on the
      Mortgage Loan Schedule which identifies any Prepayment Charge or (B) in the
      case
      of a breach of the representation contained in clause (x) of this Section 7,
      then, in each case, in lieu of purchasing such Mortgage Loan from the Trust
      Fund
      at the Purchase Price, EMC shall pay the amount of the Prepayment Charge (net
      of
      any amount previously collected by or paid to the Trust Fund in respect of
      such
      Prepayment Charge) from its own funds and without reimbursement therefor, and
      EMC shall have no obligation to repurchase or substitute for such Mortgage
      Loan.
      The obligations of EMC to cure, purchase or substitute a qualifying Replacement
      Mortgage Loan shall constitute the Purchaser’s, the Trustee’s and the
      Certificateholder’s sole and exclusive remedy under this Agreement or otherwise
      respecting a breach of representations or warranties hereunder with respect
      to
      the Mortgage Loans, except for the obligation of EMC to indemnify the Purchaser
      for such breach as set forth in and limited by Section 14 hereof.

     

    Any
      cause
      of action against EMC or relating to or arising out of a breach by EMC of any
      representations and warranties made in this Section 7 shall accrue as to any
      Mortgage Loan upon (i) discovery of such breach by EMC or notice thereof by
      the
      party discovering such breach and (ii) failure by EMC to cure such breach,
      purchase such Mortgage Loan or substitute a qualifying Replacement Mortgage
      Loan
      pursuant to the terms hereof.

     

    SECTION
      8.  Representations
      and Warranties Concerning EMC.
      As of
      the date hereof and as of the Closing Date, EMC represents and warrants to
      the
      Purchaser and Master Funding as to itself in the capacity indicated as
      follows:

     

    (a)  EMC
      (i)
      is a corporation duly organized, validly existing and in good standing under
      the
      laws of the State of Delaware and (ii) is qualified and in good standing to
      do
      business in each jurisdiction where such qualification is necessary, except
      where the failure so to qualify would not reasonably be expected to have a
      material adverse effect on EMC’s business as presently conducted or on EMC’s
      ability to enter into this Agreement and to consummate the transactions
      contemplated hereby;

     

    (b)  EMC
      has
      full power to own its property, to carry on its business as presently conducted
      and to enter into and perform its obligations under this Agreement;

     

    (c)  The
      execution and delivery by EMC of this Agreement has been duly authorized by
      all
      necessary action on the part of EMC; and neither the execution and delivery
      of
      this Agreement, nor the consummation of the transactions herein contemplated,
      nor compliance with the provisions hereof or thereof, will conflict with or
      result in a breach of, or constitute a default under, any of the provisions
      of
      any law, governmental rule, regulation, judgment, decree or order binding on
      EMC
      or its properties or the charter or by-laws of EMC, except those conflicts,
      breaches or defaults which would not reasonably be expected to have a material
      adverse effect on EMC’s ability to enter into this Agreement and to consummate
      the transactions contemplated hereby;

     

    (d)  The
      execution, delivery and performance by EMC of this Agreement and the
      consummation of the transactions contemplated hereby do not require the consent
      or approval of, the giving of notice to, the registration with, or the taking
      of
      any other action in respect of, any state, federal or other governmental
      authority or agency, except those consents, approvals, notices, registrations
      or
      other actions as have already been obtained, given or made and, in connection
      with the recordation of the Mortgages, powers of attorney or assignments of
      Mortgages not yet completed;

     

    (e)  This
      Agreement has been duly executed and delivered by EMC and, assuming due
      authorization, execution and delivery by the Purchaser or the parties thereto,
      constitutes a valid and binding obligation of EMC enforceable against it in
      accordance with its terms (subject to applicable bankruptcy and insolvency
      laws
      and other similar laws affecting the enforcement of the rights of creditors
      generally);

     

    (f)  There
      are
      no actions, suits or proceedings pending or, to the knowledge of EMC, threatened
      against EMC, before or by any court, administrative agency, arbitrator or
      governmental body (i) with respect to any of the transactions contemplated
      by
      this Agreement or (ii) with respect to any other matter which in the judgment
      of
      EMC could reasonably be expected to be determined adversely to EMC and if
      determined adversely to EMC materially and adversely affect EMC’s ability to
      perform its obligations under this Agreement; and EMC not in default with
      respect to any order of any court, administrative agency, arbitrator or
      governmental body so as to materially and adversely affect the transactions
      contemplated by this Agreement; and

     

    (g)  The
      Mortgage Loan Sellers’ Information (as defined in Section 14(a) hereof) does not
      include any untrue statement of a material fact or omit to state a material
      fact
      necessary in order to make the statements made, in light of the circumstances
      under which they were made, not misleading.

     

    SECTION
      9.  Representations
      and Warranties Concerning the Purchaser.
      As of
      the date hereof and as of the Closing Date, the Purchaser represents and
      warrants to the Mortgage Loan Sellers as follows:

     

    (a)  The
      Purchaser (i) is a limited liability company duly organized, validly existing
      and in good standing under the laws of the State of Delaware and (ii) is
      qualified and in good standing to do business in each jurisdiction where such
      qualification is necessary, except where the failure so to qualify would not
      reasonably be expected to have a material adverse effect on the Purchaser’s
      business as presently conducted or on the Purchaser’s ability to enter into this
      Agreement and to consummate the transactions contemplated hereby;

     

    (b)  The
      Purchaser has full power to own its property, to carry on its business as
      presently conducted and to enter into and perform its obligations under this
      Agreement;

     

    (c)  The
      execution and delivery by the Purchaser of this Agreement has been duly
      authorized by all necessary action on the part of the Purchaser; and neither
      the
      execution and delivery of this Agreement, nor the consummation of the
      transactions herein contemplated, nor compliance with the provisions hereof,
      will conflict with or result in a breach of, or constitute a default under,
      any
      of the provisions of any law, governmental rule, regulation, judgment, decree
      or
      order binding on the Purchaser or its properties or the certificate of formation
      or limited liability company agreement of the Purchaser, except those conflicts,
      breaches or defaults which would not reasonably be expected to have a material
      adverse effect on the Purchaser’s ability to enter into this Agreement and to
      consummate the transactions contemplated hereby or thereby;

     

    (d)  The
      execution, delivery and performance by the Purchaser of this Agreement and
      the
      consummation of the transactions contemplated hereby or thereby do not require
      the consent or approval of, the giving of notice to, the registration with,
      or
      the taking of any other action in respect of, any state, federal or other
      governmental authority or agency, except those consents, approvals, notices,
      registrations or other actions as have already been obtained, given or
      made;

     

    (e)  This
      Agreement has been duly executed and delivered by the Purchaser and, assuming
      due authorization, execution and delivery by the Mortgage Loan Sellers,
      constitutes a valid and binding obligation of the Purchaser enforceable against
      it in accordance with its terms (subject to applicable bankruptcy and insolvency
      laws and other similar laws affecting the enforcement of the rights of creditors
      generally);

     

    (f)  There
      are
      no actions, suits or proceedings pending or, to the knowledge of the Purchaser,
      threatened against the Purchaser, before or by any court, administrative agency,
      arbitrator or governmental body (i) with respect to any of the transactions
      contemplated by this Agreement or (ii) with respect to any other matter which
      in
      the judgment of the Purchaser could reasonably be expected to be determined
      adversely to the Purchaser and if determined adversely to the Purchaser
      materially and adversely affect the Purchaser’s ability to perform its
      obligations under this Agreement; and the Purchaser is not in default with
      respect to any order of any court, administrative agency, arbitrator or
      governmental body so as to materially and adversely affect the transactions
      contemplated by this Agreement; and

     

    (g)  The
      Purchaser’s Information (as defined in Section 14(b) hereof) does not include
      any untrue statement of a material fact or omit to state a material fact
      necessary in order to make the statements made, in light of the circumstances
      under which they were made, not misleading.

     

    SECTION
      10.  Representations
      and Warranties Concerning Master Funding.
      As of
      the date hereof and as of the Closing Date, Master Funding represents and
      warrants to EMC and the Purchaser as follows:

     

    (a)  Master
      Funding (i) is a limited liability company duly organized, validly existing
      and
      in good standing under the laws of the State of Delaware and (ii) is qualified
      and in good standing to do business in each jurisdiction where such
      qualification is necessary, except where the failure so to qualify would not
      reasonably be expected to have a material adverse effect on Master Funding’s
      business as presently conducted or on Master Funding’s ability to enter into
      this Agreement and to consummate the transactions contemplated
      hereby;

     

    (b)  Master
      Funding has full power to own its property, to carry on its business as
      presently conducted and to enter into and perform its obligations under this
      Agreement;

     

    (c)  The
      execution and delivery by Master Funding of this Agreement has been duly
      authorized by all necessary action on the part of Master Funding; and neither
      the execution and delivery of this Agreement, nor the consummation of the
      transactions herein contemplated, nor compliance with the provisions hereof
      or
      thereof, will conflict with or result in a breach of, or constitute a default
      under, any of the provisions of any law, governmental rule, regulation,
      judgment, decree or order binding on Master Funding or its properties or the
      written consent of the sole member or limited liability company agreement of
      Master Funding, except those conflicts, breaches or defaults which would not
      reasonably be expected to have a material adverse effect on Master Funding’s
      ability to enter into this Agreement and to consummate the transactions
      contemplated hereby;

     

    (d)  The
      execution, delivery and performance by Master Funding of this Agreement and
      the
      consummation of the transactions contemplated hereby do not require the consent
      or approval of, the giving of notice to, the registration with, or the taking
      of
      any other action in respect of, any state, federal or other governmental
      authority or agency, except those consents, approvals, notices, registrations
      or
      other actions as have already been obtained, given or made and, in connection
      with the recordation of the Mortgages, powers of attorney or assignments of
      Mortgages not yet completed;

     

    (e)  This
      Agreement has been duly executed and delivered by Master Funding and, assuming
      due authorization, execution and delivery by the Purchaser or the parties
      thereto, constitutes a valid and binding obligation of Master Funding
      enforceable against it in accordance with its terms (subject to applicable
      bankruptcy and insolvency laws and other similar laws affecting the enforcement
      of the rights of creditors generally); and

     

    (f)  There
      are
      no actions, suits or proceedings pending or, to the knowledge of Master Funding,
      threatened against Master Funding, before or by any court, administrative
      agency, arbitrator or governmental body (i) with respect to any of the
      transactions contemplated by this Agreement or (ii) with respect to any other
      matter which in the judgment of Master Funding could reasonably be expected
      to
      be determined adversely to Master Funding and if determined adversely to Master
      Funding materially and adversely affect Master Funding’s ability to perform its
      obligations under this Agreement; and Master Funding is not in default with
      respect to any order of any court, administrative agency, arbitrator or
      governmental body so as to materially and adversely affect the transactions
      contemplated by this Agreement.

     

    SECTION
      11.  Conditions
      to Closing. 

     

    (a)  The
      obligations of the Purchaser under this Agreement will be subject to the
      satisfaction, on or prior to the Closing Date, of the following
      conditions:

     

    (1)  Each
      of
      the obligations of each Mortgage Loan Seller required to be performed at or
      prior to the Closing Date pursuant to the terms of this Agreement shall have
      been duly performed and complied with in all material respects; all of the
      representations and warranties of each Mortgage Loan Seller under this Agreement
      shall be true and correct as of the date or dates specified in all material
      respects; and no event shall have occurred which, with notice or the passage
      of
      time, would constitute a default under this Agreement or the Pooling and
      Servicing Agreement; and the Purchaser shall have received certificates to
      that
      effect signed by authorized officers of each of the Mortgage Loan
      Sellers.

     

    (2)  The
      Purchaser shall have received all of the following closing documents, in such
      forms as are agreed upon and reasonably acceptable to the Purchaser, duly
      executed by all signatories other than the Purchaser as required pursuant to
      the
      respective terms thereof:

     

    (i)  The
      Pooling and Servicing Agreement, in form and substance reasonably satisfactory
      to the Trustee and the Purchaser, and all documents required thereby duly
      executed by all signatories;

     

    (ii)  A
      certificate of an officer of EMC dated as of the Closing Date, in a form
      reasonably acceptable to the Purchaser, and attached thereto the resolutions
      of
      EMC authorizing the transactions contemplated by this Agreement, together with
      copies of the articles of incorporation, by-laws and certificate of good
      standing of EMC;

     

    (iii)  A
      certificate of an officer of Master Funding dated as of the Closing Date, in
      a
      form reasonably acceptable to the Purchaser, and attached thereto the
      resolutions of Master Funding authorizing the transactions contemplated by
      this
      Agreement, together with copies of the written consent of the sole member,
      limited liability company agreement and certificate of good standing of Master
      Funding;

     

    (iv)  One
      or
      more opinions of counsel from the Mortgage Loan Sellers’ counsel otherwise in
      form and substance reasonably satisfactory to the Purchaser, the Trustee and
      each Rating Agency;

     

    (v)  A
      letter
      from each of the Rating Agencies giving each Class of Certificates set forth
      on
      Schedule A hereto the rating set forth therein; and

     

    (vi)  Such
      other documents, certificates (including additional representations and
      warranties) and opinions as may be reasonably necessary to secure the intended
      ratings from each Rating Agency for the Certificates.

     

    (3)  The
      Certificates to be sold to Bear Stearns pursuant to the Underwriting Agreement
      and the Purchase Agreement shall have been issued and sold to Bear
      Stearns.

     

    (4)  Each
      Mortgage Loan Seller shall have furnished to the Purchaser such other
      certificates of its officers or others and such other documents and opinions
      of
      counsel to evidence fulfillment of the conditions set forth in this Agreement
      and the transactions contemplated hereby as the Purchaser and their respective
      counsel may reasonably request.

     

    (b) 
        The
      obligations of each Mortgage Loan Seller under this Agreement shall be subject
      to the satisfaction, on or prior to the Closing Date, of the following
      conditions:

     

    (1)  The
      obligations of the Purchaser required to be performed by it on or prior to
      the
      Closing Date pursuant to the terms of this Agreement shall have been duly
      performed and complied with in all material respects, and all of the
      representations and warranties of the Purchaser under this Agreement shall
      be
      true and correct in all material respects as of the date hereof and as of the
      Closing Date, and no event shall have occurred which would constitute a breach
      by it of the terms of this Agreement or the Pooling and Servicing Agreement,
      and
      each Mortgage Loan Seller shall have received a certificate to that effect
      signed by an authorized officer of the Purchaser.

     

    (2)  Each
      Mortgage Loan Seller shall have received copies of all of the following closing
      documents, in such forms as are agreed upon and reasonably acceptable to each
      Mortgage Loan Seller, duly executed by all signatories other than the related
      Mortgage Loan Seller as required pursuant to the respective terms
      thereof:

     

    (i)  The
      Pooling and Servicing Agreement, in form and substance reasonably satisfactory
      to EMC and the Trustee, and all documents required thereby duly executed by
      all
      signatories;

     

    (ii)  A
      certificate of an officer of the Purchaser dated as of the Closing Date, in
      a
      form reasonably acceptable to each Mortgage Loan Seller, and attached thereto
      the written consent of the member of the Purchaser authorizing the transactions
      contemplated by this Agreement, the Pooling and Servicing Agreement, together
      with copies of the Purchaser’s certificate of formation, limited liability
      company agreement and evidence as to the good standing of the Purchaser dated
      as
      of a recent date;

     

    (iii)  One
      or
      more opinions of counsel from the Purchaser’s counsel in form and substance
      reasonably satisfactory to each Mortgage Loan Seller, the Trustee and the Rating
      Agencies; and

     

    (iv)  Such
      other documents, certificates (including additional representations and
      warranties) and opinions as may be reasonably necessary to secure the intended
      rating from each Rating Agency for the Certificates.

     

    SECTION
      12.  Fees
      and Expenses.
      Subject
      to Section 17 hereof, EMC (on its own behalf as a Mortgage Loan Seller and
      on
      behalf of Master Funding) shall pay on the Closing Date or such later date
      as
      may be agreed to by the Purchaser (i) the fees and expenses of the Mortgage
      Loan
      Sellers’ attorneys and the reasonable fees and expenses of the Purchaser’s
      attorneys, (ii) the fees and expenses of Deloitte & Touche LLP, (iii) the
      fee for the use of Purchaser’s Registration Statement based on the aggregate
      original principal amount of the Certificates and the filing fee of the
      Commission as in effect on the date on which the Registration Statement was
      declared effective, (iv) the fees and expenses including counsel’s fees and
      expenses in connection with any “blue sky” and legal investment matters, (v) the
      fees and expenses of the Trustee which shall include without limitation the
      fees
      and expenses of the Trustee (and the fees and disbursements of its counsel)
      with
      respect to (A) legal and document review of this Agreement, the Pooling and
      Servicing Agreement, the Certificates and related agreements, (B) attendance
      at
      the Closing and (C) review of the Mortgage Loans to be performed by the Trustee
      or the Custodian on its behalf, (vi) the expenses for printing or otherwise
      reproducing the Certificates, the Prospectus, the Prospectus Supplement and
      the
      Free Writing Prospectus, (vii) the fees and expenses of each Rating Agency
      (both
      initial and ongoing), (viii) the fees and expenses relating to the preparation
      and recordation of mortgage assignments (including intervening assignments,
      if
      any and if available, to evidence a complete chain of title from the originator
      to the Trustee) from each Mortgage Loan Seller to the Trustee or the expenses
      relating to the Opinion of Counsel referred to in Section 6(a) hereof, as the
      case may be and (ix) Mortgage File due diligence expenses and other
      out-of-pocket expenses incurred by the Purchaser in connection with the purchase
      of the Mortgage Loans and by Bear Stearns in connection with the sale of the
      Certificates. EMC (on its own behalf as a Mortgage Loan Seller and on behalf
      of
      Master Funding) additionally agrees to pay directly to any third party on a
      timely basis the fees provided for above which are charged by such third party
      and which are billed periodically.

     

    SECTION
      13.  Accountants’
      Letters. 

     

    (a)  Deloitte
      & Touche LLP
      will
      review the characteristics of a sample of the Mortgage Loans described in the
      Mortgage Loan Schedule and will compare those characteristics to the description
      of the Mortgage Loans contained in the Free Writing Prospectus under the
      captions “Summary—The Mortgage Loans” and “The Mortgage Pool” and in Schedule A
      thereto. Deloitte & Touche LLP
      will
      review the characteristics of a sample of the Mortgage Loans described in the
      Mortgage Loan Schedule and will compare those characteristics to the description
      of the Mortgage Loans contained in the Prospectus Supplement under the captions
      “Summary—The Mortgage Loans” and “The Mortgage Pool” and in Schedule A thereto.
      EMC (on its own behalf as a Mortgage Loan Seller and on behalf of Master
      Funding) will cooperate with the Purchaser in making available all information
      and taking all steps reasonably necessary to permit such accountants to complete
      the review and to deliver the letters required of them under the Underwriting
      Agreement. Deloitte & Touche LLP
      will
      also confirm certain calculations as set forth under the caption “Yield,
      Prepayment and Maturity Considerations” in the Free Writing Prospectus and in
      the Prospectus Supplement.

     

    (b)  To
      the
      extent statistical information with respect to EMC’s servicing portfolio is
      included in the Free Writing Prospectus and in the Prospectus Supplement under
      the caption “Servicing of the Mortgage Loans—The Master Servicer,” a letter from
      the certified public accountant for EMC will be delivered to the Purchaser
      dated
      the date of the Prospectus Supplement, in the form previously agreed to by
      EMC
      and the Purchaser, with respect to such statistical information.

     

    SECTION
      14.  Indemnification. 

     

    (a)  EMC
      (on
      its own behalf as a Mortgage Loan Seller and on behalf of Master Funding) shall
      indemnify and hold harmless the Purchaser and its directors, officers and
      controlling persons (as defined in Section 15 of the Securities Act) from and
      against any loss, claim, damage or liability or action in respect thereof,
      to
      which they or any of them may become subject, under the Securities Act or
      otherwise, insofar as such loss, claim, damage, liability or action arises
      out
      of, or is based upon any untrue statement of a material fact contained in the
      Mortgage
      Loan Sellers’ Information
      as
      identified in Exhibit
      3,
      the
      omission to state in the Free Writing Prospectus, the Prospectus Supplement
      or
      Prospectus (or any amendment thereof or supplement thereto approved by EMC
      (on
      its own behalf as a Mortgage Loan Seller and on behalf of Master Funding) and
      in
      which additional Mortgage Loan Sellers’ Information is identified), in reliance
      upon and in conformity with Mortgage Loan Sellers’ Information a material fact
      required to be stated therein or necessary to make the statements therein in
      light of the circumstances in which they were made, not misleading, and EMC
      (on
      its own behalf as a Mortgage Loan Seller and on behalf of Master Funding) shall
      reimburse the Purchaser and each other indemnified party for any legal and
      other
      expenses reasonably incurred by them in connection with investigating or
      defending or preparing to defend against any such loss, claim, damage, liability
      or action.

     

    The
      foregoing indemnity agreement is in addition to any liability which EMC or
      Master Funding otherwise may have to the Purchaser or any other such indemnified
      party.

     

    (b)  The
      Purchaser shall indemnify and hold harmless each Mortgage Loan Seller and its
      respective directors, officers and controlling persons (as defined in Section
      15
      of the Securities Act) from and against any loss, claim, damage or liability
      or
      action in respect thereof, to which they or any of them may become subject,
      under the Securities Act or otherwise, insofar as such loss, claim, damage,
      liability or action arises out of, or is based upon any untrue statement of
      a
      material fact contained in the Purchaser’s
      Information
      as
      identified in Exhibit
      4,
      the
      omission to state in the Free Writing Prospectus, the Prospectus Supplement
      or
      Prospectus (or any amendment thereof or supplement thereto approved by the
      Purchaser and in which additional Purchaser’s Information is identified), in
      reliance upon and in conformity with the Purchaser’s Information, a material
      fact required to be stated therein or necessary to make the statements therein
      in light of the circumstances in which they were made, not misleading, and
      the
      Purchaser shall reimburse each Mortgage Loan Seller, and each other indemnified
      party for any legal and other expenses reasonably incurred by them in connection
      with investigating or defending or preparing to defend any such loss, claim,
      damage, liability or action. The foregoing indemnity agreement is in addition
      to
      any liability which the Purchaser otherwise may have to the Mortgage Loan
      Sellers, or any other such indemnified party.

     

    (c)  Promptly
      after receipt by an indemnified party under subsection (a) or (b) above of
      notice of the commencement of any action, such indemnified party shall, if
      a
      claim in respect thereof is to be made against the indemnifying party under
      such
      subsection, notify each party against whom indemnification is to be sought
      in
      writing of the commencement thereof (but the failure so to notify an
      indemnifying party shall not relieve it from any liability which it may have
      under this Section 14 except to the extent that it has been prejudiced in any
      material respect by such failure or from any liability which it may have
      otherwise). In case any such action is brought against any indemnified party,
      and it notifies an indemnifying party of the commencement thereof, the
      indemnifying party will be entitled to participate therein and, to the extent
      it
      may elect by written notice delivered to the indemnified party promptly (but,
      in
      any event, within 30 days) after receiving the aforesaid notice from such
      indemnified party, to assume the defense thereof with counsel reasonably
      satisfactory to such indemnified party. Notwithstanding the foregoing, the
      indemnified party or parties shall have the right to employ its or their own
      counsel in any such case, but the fees and expenses of such counsel shall be
      at
      the expense of such indemnified party or parties unless (i) the employment
      of
      such counsel shall have been authorized in writing by one of the indemnifying
      parties in connection with the defense of such action, (ii) the indemnifying
      parties shall not have employed counsel to have charge of the defense of such
      action within a reasonable time after notice of commencement of the action,
      or
      (iii) such indemnified party or parties shall have reasonably concluded that
      there is a conflict of interest between itself or themselves and the
      indemnifying party in the conduct of the defense of any claim or that the
      interests of the indemnified party or parties are not substantially co-extensive
      with those of the indemnifying party (in which case the indemnifying parties
      shall not have the right to direct the defense of such action on behalf of
      the
      indemnified party or parties), in any of which events such fees and expenses
      shall be borne by the indemnifying parties (provided,
      however,
      that
      the indemnifying party shall be liable only for the fees and expenses of one
      counsel in addition to one local counsel in the jurisdiction involved. Anything
      in this subsection to the contrary notwithstanding, an indemnifying party shall
      not be liable for any settlement or any claim or action effected without its
      written consent; provided,
      however,
      that
      such consent was not unreasonably withheld.

     

    (d)  If
      the
      indemnification provided for in paragraphs (a) and (b) of this Section 14 shall
      for any reason be unavailable to an indemnified party in respect of any loss,
      claim, damage or liability, or any action in respect thereof, referred to in
      Section 14, then the indemnifying party shall in lieu of indemnifying the
      indemnified party contribute to the amount paid or payable by such indemnified
      party as a result of such loss, claim, damage or liability, or action in respect
      thereof, in such proportion as shall be appropriate to reflect the relative
      benefits received by the Mortgage Loan Sellers on the one hand and the Purchaser
      on the other from the purchase and sale of the Mortgage Loans, the offering
      of
      the Certificates and the other transactions contemplated hereunder. No person
      found liable for a fraudulent misrepresentation shall be entitled to
      contribution from any person who is not also found liable for such fraudulent
      misrepresentation.

     

    (e)  The
      parties hereto agree that reliance by an indemnified party on any publicly
      available information or any information or directions furnished by an
      indemnifying party shall not constitute negligence, bad faith or willful
      misconduct by such indemnified party.

     

    SECTION
      15.  Notices.
      All
      demands, notices and communications hereunder shall be in writing but may be
      delivered by facsimile transmission subsequently confirmed in writing. Notices
      to EMC shall be directed to EMC Mortgage Corporation, 2780 Lake Vista Drive,
      Lewisville, Texas 75067, (Facsimile: (469-759-4714)) Attention: President or
      General Counsel; notices to Master Funding shall be directed to Master Funding
      LLC, 2780 Lake Vista Drive, Lewisville, Texas 75067, (Facsimile: (469-759-4714))
      Attention: Mark Novacheck; and notices to the Purchaser shall be directed to
      Bear Stearns Asset Backed Securities I LLC, 383 Madison Avenue, New York, New
      York 10179, (Telecopy: (212-272-7206)), Attention: Chief Counsel; or to any
      other address as may hereafter be furnished by one party to the other party
      by
      like notice.  Any such demand, notice or communication hereunder shall
      be deemed to have been received on the date received at the premises of the
      addressee (as evidenced, in the case of registered or certified mail, by the
      date noted on the return receipt) provided that it is received on a business
      day
      during normal business hours and, if received after normal business hours,
      then
      it shall be deemed to be received on the next business day.

     

    SECTION
      16.  Transfer
      of Mortgage Loans.
      The
      Purchaser retains the right to assign the Mortgage Loans and any or all of
      its
      interest under this Agreement to the Trustee without the consent of the Mortgage
      Loan Sellers, and, upon such assignment, the Trustee shall succeed to the
      applicable rights and obligations of the Purchaser hereunder; provided, however,
      the Purchaser shall remain entitled to the benefits set forth in Sections 12,
      14
      and 18 hereto and as provided in Section 2(a). Notwithstanding the foregoing,
      the sole and exclusive right and remedy of the Trustee with respect to a breach
      of representation or warranty of the Mortgage Loan Sellers shall be the cure,
      purchase or substitution obligations of EMC contained in Sections 5 and 7
      hereof.

     

    SECTION
      17.  Termination.
      This
      Agreement may be terminated (a) by the mutual consent of the parties hereto
      prior to the Closing Date, (b) by the Purchaser, if the conditions to the
      Purchaser’s obligation to close set forth under Section 11(a) hereof are not
      fulfilled as and when required to be fulfilled or (c) by any Mortgage Loan
      Seller, if the conditions to the Mortgage Loan Sellers’ obligation to close set
      forth under Section 11(b) hereof are not fulfilled as and when required to
      be
      fulfilled. In the event of termination pursuant to clause (b), EMC (on its
      own
      behalf as a Mortgage Loan Seller and on behalf of Master Funding) shall pay,
      and
      in the event of termination pursuant to clause (c), the Purchaser shall pay,
      all
      reasonable out-of-pocket expenses incurred by the other in connection with
      the
      transactions contemplated by this Agreement. In the event of a termination
      pursuant to clause (a), each party shall be responsible for its own
      expenses.

     

    SECTION
      18.  Representations,
      Warranties and Agreements to Survive Delivery.
      All
      representations, warranties and agreements contained in this Agreement, or
      contained in certificates of officers of the Mortgage Loan Sellers submitted
      pursuant hereto, shall remain operative and in full force and effect and shall
      survive delivery of the Mortgage Loans to the Purchaser (and by the Purchaser
      to
      the Trustee). Subsequent to the delivery of the Mortgage Loans to the Purchaser,
      each of EMC’s representations and warranties contained herein with respect to
      the Mortgage Loans shall be deemed to relate to the Mortgage Loans actually
      delivered to the Purchaser and included in the Mortgage Loan Schedule and any
      Replacement Mortgage Loan.

     

    SECTION
      19.  Severability.
      If any
      provision of this Agreement shall be prohibited or invalid under applicable
      law,
      this Agreement shall be ineffective only to such extent, without invalidating
      the remainder of this Agreement.

     

    SECTION
      20.  Counterparts.
      This
      Agreement may be executed in counterparts, each of which will be an original,
      but which together shall constitute one and the same agreement.

     

    SECTION
      21.  Amendment.
      This
      Agreement cannot be amended or modified in any manner without the prior written
      consent of each party.

     

    SECTION
      22.  GOVERNING
      LAW.
      THIS
      AGREEMENT SHALL BE GOVERNED BY, AND CONSTRUED IN ACCORDANCE WITH, THE LAWS
      OF
      THE STATE OF NEW YORK, WITHOUT REGARD TO CONFLICT OF
      LAWS
      PRINCIPLES THEREOF OTHER THAN SECTION 5-1401 OF THE NEW YORK GENERAL OBLIGATIONS
      LAW.

     

    SECTION
      23.  Further
      Assurances.
      Each of
      the parties agrees to execute and deliver such instruments and take such actions
      as another party may, from time to time, reasonably request in order to
      effectuate the purpose and to carry out the terms of this Agreement including
      any amendments hereto which may be required by either Rating
      Agency.

     

    SECTION
      24.  Successors
      and Assigns.
      This
      Agreement shall bind and inure to the benefit of and be enforceable by each
      of
      the Mortgage Loan Sellers and the Purchaser and their permitted successors
      and
      assigns and, to the extent specified in Section 14 hereof, Bear Stearns, and
      their directors, officers and controlling persons (within the meaning of federal
      securities laws). The Mortgage Loan Sellers acknowledge and agree that the
      Purchaser may assign its rights under this Agreement (including, without
      limitation, with respect to the EMC’s representations and warranties respecting
      the Mortgage Loans) to the Trustee. Any person into which any Mortgage Loan
      Seller may be merged or consolidated (or any person resulting from any merger
      or
      consolidation involving such Mortgage Loan Seller), any person resulting from
      a
      change in form of such Mortgage Loan Seller or any person succeeding to the
      business of such Mortgage Loan Seller, shall be considered the “successor” of
      such Mortgage Loan Seller hereunder and shall be considered a party hereto
      without the execution or filing of any paper or any further act or consent
      on
      the part of any party hereto. Except as provided in the two preceding sentences,
      this Agreement cannot be assigned, pledged or hypothecated by either party
      hereto without the written consent of the other parties to this Agreement and
      any such assignment or purported assignment shall be deemed null and
      void.

     

    SECTION
      25.  The
      Mortgage Loan Sellers.
      The
      Mortgage Loan Sellers will keep in full force and effect its existence, all
      rights and franchises as a corporation under the laws of the State of its
      incorporation and will obtain and preserve its qualification to do business
      as a
      foreign corporation in each jurisdiction in which such qualification is
      necessary to perform its obligations under this Agreement.

     

    SECTION
      26.  Entire
      Agreement.
      This
      Agreement contains the entire agreement and understanding between the parties
      with respect to the subject matter hereof, and supersedes all prior and
      contemporaneous agreements, understandings, inducements and conditions, express
      or implied, oral or written, of any nature whatsoever with respect to the
      subject matter hereof.

     

    SECTION
      27.  No
      Partnership.
      Nothing
      herein contained shall be deemed or construed to create a partnership or joint
      venture between the parties hereto.

     

     

    
      

      
        * Please
          contact Bear Stearns for pricing information.

      

    

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

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

     

    EMC
      MORTGAGE CORPORATION

     

    By:_____________________________________

    Name:

    Title:

     

     

    BEAR
      STEARNS ASSET BACKED SECURITIES I LLC

     

    
      By:_____________________________________

      Name:

      Title:

    

     

     

    MASTER
      FUNDING LLC

     

    
      By:_____________________________________

      Name:

      Title:

    

    
 

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

        
        

      

    

    EXHIBIT
      1

     

    CONTENTS
      OF MORTGAGE FILE

     

    With
      respect to each Mortgage Loan, the Mortgage File shall include each of the
      following items, which shall be available for inspection by the Purchaser or
      its
      designee, and which shall be delivered to the Purchaser or its designee pursuant
      to the terms of this Agreement.

     

    (i)  The
      original Mortgage Note, including any riders thereto, endorsed without recourse
      to the order of blank or to “LaSalle Bank National Association, as Trustee for
      certificateholders of Bear Stearns Asset Backed Securities I LLC, Asset-Backed
      Certificates, Series 2006-HE8,” and showing to the extent available to the
      related Mortgage Loan Seller an unbroken chain of endorsements from the original
      payee thereof to the Person endorsing it to the Trustee;

     

    (ii)  The
      original Mortgage and, if the related Mortgage Loan is a MOM Loan, noting the
      presence of the MIN and language indicating that such Mortgage Loan is a MOM
      Loan, which shall have been recorded (or, for Mortgage Loans other than the
      EMC
      Flow Loans, if the original is not available, a copy), with evidence of such
      recording indicated thereon (or if clause (x) in the proviso below applies,
      shall be in recordable form);

     

    (iii)  Unless
      the Mortgage Loan is either a MOM Loan or has been assigned in the name of
      MERS,
      the assignment (either an original or a copy, which may be in the form of a
      blanket assignment if permitted in the jurisdiction in which the Mortgaged
      Property is located) to the Trustee of the Mortgage with respect to each
      Mortgage Loan in the name of “LaSalle Bank National Association, as Trustee for
      certificateholders of Bear Stearns Asset Backed Securities I LLC, Asset-Backed
      Certificates, Series 2006-HE8,” which shall have been recorded (or if clause (x)
      in the proviso below applies, shall be in recordable form);

     

    (iv)  An
      original or a copy of all intervening assignments of the Mortgage, if any,
      to
      the extent available to the related Mortgage Loan Seller, with evidence of
      recording thereon;

     

    (v)  The
      original policy of title insurance or mortgagee’s certificate of title insurance
      or commitment or binder for title insurance, if available, or a copy thereof,
      or, in the event that such original title insurance policy is unavailable,
      a
      photocopy thereof, or in lieu thereof, a current lien search on the related
      Mortgaged Property and

     

    (vi)  Originals
      or copies of all available assumption, modification or substitution agreements,
      if any; 

     

    Provided,
      however, that in lieu of the foregoing, the related Mortgage Loan Seller may
      deliver the following documents, under the circumstances set forth below: (x)
      if
      any Mortgage (other than the Mortgages related to the EMC Flow Loans),
      assignment thereof to the Trustee or intervening assignments thereof have been
      delivered or are being delivered to recording offices for recording and have
      not
      been returned in time to permit their delivery as specified above, the related
      Mortgage Loan Seller may deliver a true copy thereof with a certification by
      the
      related Mortgage Loan Seller or the Master Servicer, on the face of such copy,
      substantially as follows: “Certified to be a true and correct copy of the
      original, which has been transmitted for recording”; (y) in lieu of the
      Mortgage, assignments to the Trustee or intervening assignments thereof, if
      the
      applicable jurisdiction retains the originals of such documents or if the
      originals are lost (in each case, as evidenced by a certification from the
      related Mortgage Loan Seller or the Master Servicer to such effect), the related
      Mortgage Loan Seller may deliver photocopies of such documents containing an
      original certification by the judicial or other governmental authority of the
      jurisdiction where such documents were recorded; and (z) in lieu of the Mortgage
      Notes relating to the Mortgage Loans identified in the list set forth in Exhibit
      I to the Pooling and Servicing Agreement, the related Mortgage Loan Seller
      may
      deliver a lost note affidavit and indemnities of the related Mortgage Loan
      Seller; and provided, further, however, that in the case of Mortgage Loans
      which
      have been prepaid in full after the Cut-Off Date and prior to the Closing Date,
      the related Mortgage Loan Seller, in lieu of delivering the above documents,
      may
      deliver to the Trustee a certification by the related Mortgage Loan Seller
      or
      the Master Servicer to such effect. In the case of the documents referred to
      in
      clause (x) above, the related Mortgage Loan Seller shall deliver such documents
      to the Trustee or its Custodian promptly after they are received. EMC (on its
      own behalf as a Mortgage Loan Seller and on behalf of Master Funding) shall
      cause, at its expense, the Mortgage and intervening assignments, if any, and
      to
      the extent required in accordance with the foregoing, the assignment of the
      Mortgage to the Trustee to be submitted for recording promptly after the Closing
      Date; provided that EMC (on its own behalf as a Mortgage Loan Seller and on
      behalf of Master Funding) need not cause to be recorded any assignment (a)
      in
      any jurisdiction under the laws of which, as evidenced by an Opinion of Counsel
      addressed to the Trustee delivered by EMC (on its own behalf as a Mortgage
      Loan
      Seller and on behalf of Master Funding) to the Trustee, and the Rating Agencies,
      the recordation of such assignment is not necessary to protect the Trustee’s
      interest in the related Mortgage Loan or (b) if MERS is identified on the
      Mortgage or on a properly recorded assignment of the Mortgage as mortgagee
      of
      record solely as nominee for EMC (on its own behalf as a Mortgage Loan Seller
      and on behalf of Master Funding) and its successors and assigns. In the event
      that EMC (on its own behalf as a Mortgage Loan Seller and on behalf of Master
      Funding), the Purchaser or the Master Servicer gives written notice to the
      Trustee that a court has recharacterized the sale of the Mortgage Loans as
      a
      financing, EMC (on its own behalf as a Mortgage Loan Seller and on behalf of
      Master Funding) shall submit or cause to be submitted for recording as specified
      above or, should EMC (on its own behalf as a Mortgage Loan Seller and on behalf
      of Master Funding) fail to perform such obligations, the Master Servicer shall
      cause each such previously unrecorded assignment to be submitted for recording
      as specified above at the expense of the Trust. In the event a Mortgage File
      is
      released to EMC (on its own behalf as a Mortgage Loan Seller and on behalf
      of
      Master Funding) or the Master Servicer as a result of such Person having
      completed a Request for Release, the Custodian shall, if not so completed,
      complete the assignment of the related Mortgage in the manner specified in
      clause (iii) above.

     

    EXHIBIT
      2

     

    MORTGAGE
      LOAN SCHEDULE INFORMATION

    

    The
      Mortgage Loan Schedule shall set forth the following information with respect
      to
      each Mortgage Loan: 

    

    (a)  the
      city,
      state and zip code of the Mortgaged Property; 

    (b)  the
      property type;

    (c)  the
      Mortgage Rate;

    (d)  the
      Servicing Fee Rate;

    (e)  the
      Master Servicer’s Fee Rate;

    (f)  the
      LPMI
      Fee, if applicable;

    (g)  the
      Trustee Fee Rate, if applicable;

    (h)  the
      Net
      Rate;

    (i)  the
      maturity date;

    (j)  the
      stated original term to maturity;

    (k)  the
      stated remaining term to maturity;

    (l)  the
      original Principal Balance;

    (m)  the
      first
      payment date;

    (n)  the
      principal and interest payment in effect as of the Cut-off Date;

    (o)  the
      unpaid Principal Balance as of the Cut-off Date;

    (p)  the
      Loan-to-Value Ratio at origination;

    (q)  the
      insurer of any Primary Mortgage Insurance Policy;

    (r)  the
      MIN
      with respect to each MOM Loan;

    (s)  the
      Gross
      Margin, if applicable;

    (t)  the
      next
      Adjustment Date, if applicable;

    (u)  the
      Maximum Lifetime Mortgage Rate, if applicable;

    (v)  the
      Minimum Lifetime Mortgage Rate, if applicable;

    (w)  the
      Periodic Rate Cap, if applicable; 

    (x)  the
      Loan
      Group, if applicable;

    (y)  a
      code
      indicating whether the Mortgage Loan is negatively amortizing;

    
      (z)  which
        Mortgage Loans adjust after an initial fixed-rate period of one, two, three,
        five, seven or ten years or any other period; 

    

    (aa)  the
      Prepayment Charge, if any;

    (bb)  lien
      position (e.g., first lien or second lien);

    (cc)  a
      code
      indicating whether the Mortgage Loan is has a balloon payment;

    (dd)  a
      code
      indicating whether the Mortgage Loan is an interest-only loan; 

    (ee)  the
      interest-only term, if applicable;

    (ff)  the
      Mortgage Loan Seller; and

    (gg)  the
      original amortization term.

    

    Such
      schedule also shall set forth for all of the Mortgage Loans, the total number
      of
      Mortgage Loans, the total of each of the amounts described under (n) and (o)
      above, the weighted average by principal balance as of the Cut-off Date of
      each
      of the rates described under (c) through (h) above, and the weighted average
      remaining term to maturity by unpaid principal balance as of the Cut-off
      Date.

    
 

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

     

    EXHIBIT
      3

     

    MORTGAGE
      LOAN SELLERS’ INFORMATION

     

    All
      information in the Free Writing Prospectus and the Prospectus Supplement
      described under the following captions: “SUMMARY — The Mortgage Loans,” “THE
      MORTGAGE POOL”, “THE SPONSOR” and “SCHEDULE A — Mortgage Loan Statistical
      Data.”

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    EXHIBIT
      4

     

    PURCHASER’S
      INFORMATION

     

    All
      information in the Free Writing Prospectus, the Prospectus Supplement and the
      Prospectus, except the Mortgage Loan Sellers’ Information. 

    

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    EXHIBIT
      5

     

    SCHEDULE
      OF LOST NOTES

     

    Available
      Upon Request

    

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    EXHIBIT
      6

     

    REVISED
      October 20, 2006

    

    APPENDIX
      E - STANDARD & POOR’S PREDATORY LENDING CATEGORIES

     

    

    Standard
      & Poor’s has categorized loans governed by anti-predatory lending laws in
      the Jurisdictions listed below into three categories based upon a combination
      of
      factors that include (a) the risk exposure associated with the assignee
      liability and (b) the tests and thresholds set
      forth in
      those laws. Note that certain loans classified by the relevant statute as
      Covered are included in Standard & Poor’s High Cost Loan Category because
      they included thresholds and tests that are typical of what is generally
      considered High Cost by the industry.

     

    

    
      	
              Standard
                & Poor’s High Cost Loan Categorization

            
	
              State/Jurisdiction

            	
              Name
                of Anti-Predatory Lending

              Law/Effective
                Date

            	
              Category
                under

              Applicable
                Anti-Predatory Lending Law

            
	
              Arkansas

            	
              Arkansas
                Home Loan Protection Act, Ark. Code Ann. §§ 23-53-101 et seq.

              Effective
                July 16, 2003

            	
              High
                Cost Home Loan

            
	
              Cleveland
                Heights, OH

            	
              Ordinance
                No. 72-2003 (PSH), Mun. Code §§ 757.01 et seq.

              Effective
                June 2, 2003

            	
              Covered
                Loan

            
	
              Colorado

            	
              Consumer
                Equity Protection, Colo. Stat. Ann. §§ 5-3.5-101 et seq.

              Effective
                for covered loans offered or entered into on or after January 1,
                2003.
                Other provisions of the Act took effect on June 7, 2002

            	
              Covered
                Loan

            
	
              Connecticut

            	
              Connecticut
                Abusive Home Loan Lending Practices Act, Conn. Gen. Stat. §§ 36a-746
                et seq.

              Effective
                October 1, 2001 

            	
              High
                Cost Home Loan

            
	
              District
                of Columbia

            	
              Home
                Loan Protection Act, D.C. Code §§ 26-1151.01 et seq.

              Effective
                for loans closed on or after January 28, 2003

            	
              Covered
                Loan

            
	
              Florida

            	
              Fair
                Lending Act, Fla. Stat. Ann. §§ 494.0078 et seq.

              Effective
                October 2, 2002

            	
              High
                Cost Home Loan

            
	
              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

            	
              High
                Cost Home Loan

            
	
              Georgia
                as amended (Mar. 7, 2003 - current)

            	
              Georgia
                Fair Lending Act, Ga. Code Ann. §§ 7-6A-1 et seq.

              Effective
                for loans closed on or after March 7, 2003 

            	
              High
                Cost Home Loan

            
	
              HOEPA
                Section 32

            	
              Home
                Ownership and Equity Protection Act of 1994, 15 U.S.C. § 1639, 12 C.F.R.
                §§ 226.32 and 226.34

              Effective
                October 1, 1995, amendments October 1, 2002

            	
              High
                Cost Loan

            
	
              Illinois

            	
              High
                Risk Home Loan Act, Ill. Comp. Stat. tit. 815, §§ 137/5 et seq.

              Effective
                January 1, 2004 (prior to this date, regulations under Residential
                Mortgage License Act effective from May 14, 2001)

            	
              High
                Risk Home Loan

            
	
              Indiana

            	
              Indiana
                Home Loan Practices Act, Ind. Code Ann. §§ 24-9-1-1 et seq.

              Effective
                January 1, 2005; amended by 2005 HB 1179, effective July 1, 2005.
                

            	
              High
                Cost Home Loans 

            
	
              Kansas

            	
              Consumer
                Credit Code, Kan. Stat. Ann. §§ 16a-1-101 et seq.

              Sections
                16a-1-301 and 16a-3-207 became effective April 14, 1999; Section
                16a-3-308a became effective July 1, 1999

            	
              High
                Loan to Value Consumer Loan (id. § 16a-3-207) and;

            
	
              High
                APR Consumer Loan (id.
                §16a-3-308a)

            
	
              Kentucky

            	
              2003
                KY H.B. 287 - High Cost Home Loan Act, Ky. Rev. Stat. §§ 360.100
                et seq.
                

              Effective
                June 24, 2003

            	
              High
                Cost Home Loan

            
	
              Maine

            	
              Truth
                in Lending, Me. Rev. Stat. tit. 9-A, §§ 8-101 et seq.

              Effective
                September 29, 1995 and as amended from time to time

            	
              High
                Rate High Fee Mortgage

            
	
              Massachusetts

            	
              Part
                40 and Part 32, 209 C.M.R. §§ 32.00 et seq.
                and 209 C.M.R. §§ 40.01 et seq.

              Effective
                March 22, 2001 and amended from time to time

            	
              High
                Cost Home Loan

            
	
              Nevada

            	
              Assembly
                Bill No. 284, Nev. Rev. Stat. §§ 598D.010 et seq.

              Effective
                October 1, 2003

            	
              Home
                Loan

            
	
              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

            	
              High
                Cost 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 

            	
              High
                Cost Home Loan

            
	
              New
                York

            	
              N.Y.
                Banking Law Article 6-l

              Effective
                for applications made on or after April 1, 2003

            	
              High
                Cost 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)
                

            	
              High
                Cost Home Loan

            
	
              Ohio

            	
              H.B.
                386 (codified in various sections of the Ohio Code), Ohio Rev. Code
                Ann.
                §§ 1349.25 et seq.

              Effective
                May 24, 2002 

            	
              Covered
                Loan

            
	
              Oklahoma

            	
              Consumer
                Credit Code (codified in various sections of Title 14A)

              Effective
                July 1, 2000; amended effective January 1, 2004

            	
              Subsection
                10 Mortgage

            
	
              Rhode
                Island

            	
              Rhode
                Island Home Loan Protection Act, R.I. Gen. Laws §§ 34-25.2-1 et seq.

              Effective
                December 31, 2006. 

            	
              High
                Cost 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

            	
              High
                Cost Home Loan

            
	
              Tennessee

            	
              Tennessee
                Home Loan Protection Act, Tenn. Code Ann. §§ 45-20-101 et seq.

              Effective
                January 1, 2007.

            	
              High
                Cost Home Loan

            
	
              West
                Virginia

            	
              West
                Virginia Residential Mortgage Lender, Broker and Servicer Act, W.
                Va. Code
                Ann. §§ 31-17-1 et seq.

              Effective
                June 5, 2002

            	
              West
                Virginia Mortgage Loan Act Loan

            

    

     

    

     

    
      	
              Standard
                & Poor’s Covered Loan Categorization

            
	
              State/Jurisdiction

            	
              Name
                of Anti-Predatory 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

            	
              Covered
                Loan

            
	
              New
                Jersey

            	
              New
                Jersey Home Ownership Security Act of 2002, N.J. Rev. Stat. §§ 46:10B-22
                et seq.

              Effective
                November 27, 2003 - July 5, 2004

            	
              Covered
                Home Loan

            

    

     

    
      	
              Standard
                & Poor’s Home Loan Categorization

            
	
              State/Jurisdiction

            	
              Name
                of Anti-Predatory 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

            
	
              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

            

    

    Revised
      10/20/06

    SCHEDULE
      A

     

    REQUIRED
      RATINGS FOR EACH CLASS OF CERTIFICATES

    

    
      	
              Class

            	
              S&P

            	
              Moody’s

            
	
              I-1A-1

            	
              AAA

            	
              Aaa

            
	
              I-1A-2

            	
              AAA

            	
              Aaa

            
	
              I-1A-3

            	
              AAA

            	
              Aaa

            
	
              I-2A

            	
              AAA

            	
              Aaa

            
	
              I-M-1

            	
              AA+

            	
              Aa1

            
	
              I-M-2

            	
              AA

            	
              Aa2

            
	
              I-M-3

            	
              AA-

            	
              Aa3

            
	
              I-M-4

            	
              A+

            	
              A1

            
	
              I-M-5

            	
              A

            	
              A2

            
	
              I-M-6

            	
              A-

            	
              A3

            
	
              I-M-7

            	
              BBB+

            	
              Baa1

            
	
              I-M-8

            	
              BBB

            	
              Baa2

            
	
              I-M-9

            	
              BBB-

            	
              Baa3

            
	
              II-A-1

            	
              --

            	
              Aaa

            
	
              II-A-2

            	
              --

            	
              Aaa

            
	
              II-A-3

            	
              --

            	
              Aaa

            
	
              II-M-1

            	
              --

            	
              Aa1

            
	
              II-M-2

            	
              --

            	
              Aa2

            
	
              II-M-3

            	
              --

            	
              Aa3

            
	
              II-M-4

            	
              --

            	
              A1

            
	
              II-M-5

            	
              --

            	
              A2

            
	
              II-M-6

            	
              --

            	
              A3

            
	
              II-M-7

            	
              --

            	
              Baa1

            
	
              II-M-8

            	
              --

            	
              Baa2

            
	
              II-M-9

            	
              --

            	
              Baa3

            

    

     

    None
      of
      the above ratings has been lowered, qualified or withdrawn since the dates
      of
      issuance of such ratings by the Rating Agencies.

    

    Group
      I Private Certificates

    

    
      	
              Class

            	
              S&P

            	
              Moody’s

            
	
              I-M-10

            	
              BB+

            	
              Ba1

            
	
              I-CE

            	
              Not
                Rated

            	
              Not
                Rated

            
	
              I-P

            	
              Not
                Rated

            	
              Not
                Rated

            
	
              I-R-1

            	
              Not
                Rated

            	
              Not
                Rated

            
	
              I-R-2

            	
              Not
                Rated

            	
              Not
                Rated

            
	
              I-R-3

            	
              Not
                Rated

            	
              Not
                Rated

            
	
              I-RX

            	
              Not
                Rated

            	
              Not
                Rated

            
	 	 	 
	
              Group
                II Private Certificates

            
	 	 	 
	
              Class

            	
              S&P

            	
              Moody’s

            
	
              II-M-10

            	
              --

            	
              Ba1

            
	
              II-CE

            	
              Not
                Rated

            	
              Not
                Rated

            
	
              II-P

            	
              Not
                Rated

            	
              Not
                Rated

            
	
              II-R-1

            	
              Not
                Rated

            	
              Not
                Rated

            
	
              II-RX

            	
              Not
                Rated

            	
              Not
                Rated

            

    

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

        
        

      

    

    EXHIBIT
      M

     

    GROUP
      I
      SWAP AGREEMENT

     

    DATE: 
          November
      30, 2006 

    

    TO:      
                                             
 LaSalle
      Bank National Association, not individually, but solely as Group I Supplemental
      Interest Trust Trustee on behalf of the Group I Supplemental Interest Trust
      with
      respect to the Bear Stearns Asset Backed Securities I Trust 2006-AQ1,
      Asset-Backed Certificates, Series 2006-AQ1

    

    ATTENTION:                            
       Global
      Securities and Trust Services - BSABS 06-AQ1

    TELEPHONE:              
        312-992-2833

    FACSIMILE:  
         312-904-1368 

    

    FROM:    
                 ABN
      AMRO
      Bank N.V.

    TELEPHONE:
                   
  312-904-5214

    FACSIMILE:
       
         312-904-0392

    

    SUBJECT:       
                                
Fixed
      Income Derivatives Confirmation 

    

    REFERENCE
      NUMBER:          4260073

    

    The
      purpose of this long-form confirmation (“Confirmation”)
      is to
      confirm the terms and conditions of the current Transaction entered into on
      the
      Trade Date specified below (the “Transaction”)
      between
      ABN AMRO Bank N.V. (“Party
      A”) and
      LaSalle Bank National Association, not individually, but solely as trustee
      (the
“Group I Supplemental Interest Trust Trustee”) on behalf of the supplemental
      interest trust with respect to the Bear Stearns Asset Backed Securities I Trust
      2006-AQ1, Asset-Backed Certificates, Series 2006-AQ1 (the “Group I Supplemental
      Interest Trust”) (“Party
      B”)
      created
      under the Pooling and Servicing Agreement, dated as of November 1, 2006, among
      Bear Stearns Asset Backed Securities I LLC, as depositor (the “Depositor”), EMC
      Mortgage Corporation, as seller (in such capacity, the “Seller”) and as master
      servicer (in such capacity, the “Master Servicer”), and LaSalle Bank National
      Association, a national banking association, as trustee
      (the “Trustee”) (the
      “Pooling
      and Servicing Agreement”).
      This
      Confirmation evidences a complete and binding agreement between you and us
      to
      enter into the Transaction on the terms set forth below and replaces any
      previous agreement between us with respect to the subject matter hereof. This
      Confirmation constitutes a “Confirmation”
      and also
      constitutes a “Schedule”
      as
      referred to in the ISDA Master Agreement, and Paragraph 13 of a Credit Support
      Annex to the Schedule. 

    

    
      	1.  	
              This
                Confirmation shall supplement, form a part of, and be subject to
                an
                agreement in the form of the ISDA Master Agreement (Multicurrency
                - Cross
                Border) as published and copyrighted in 1992 by the International
                Swaps
                and Derivatives Association, Inc. (the “ISDA
                Master Agreement”),
                as if Party A and Party B had executed an agreement in such form
                on the
                date hereof, with a Schedule as set forth in Item 3 of this Confirmation,
                and an ISDA Credit Support Annex (Bilateral Form - ISDA Agreements
                Subject
                to New York Law Only version) as published and copyrighted in 1994
                by the
                International Swaps and Derivatives Association, Inc., with Paragraph
                13
                thereof as set forth in Annex A hereto (the “Credit
                Support Annex”).
                For the avoidance of doubt, the Transaction described herein shall
                be the
                sole Transaction governed by such ISDA Master Agreement. In the event
                of
                any inconsistency among any of the following documents, the relevant
                document first listed shall govern: (i) this Confirmation, exclusive
                of
                the provisions set forth in Item 3 hereof and Annex A hereto; (ii)
                the
                provisions set forth in Item 3 hereof, which are incorporated by
                reference
                into the Schedule; (iii) the Credit Support Annex; (iv) the Definitions;
                and (v) the ISDA Master Agreement.

            

    

    

    Each
      reference herein to a “Section” (unless specifically referencing the Pooling and
      Servicing Agreement) or to a “Section” “of this Agreement” will be construed as
      a reference to a Section of the ISDA Master Agreement; each herein reference
      to
      a “Part” will be construed as a reference to the provisions herein deemed
      incorporated in a Schedule to the ISDA Master Agreement; each reference herein
      to a “Paragraph” will be construed as a reference to a Paragraph of the Credit
      Support Annex.

    

    
      	2.  	
              The
                terms of the particular Transaction to which this Confirmation relates
                are
                as follows:

            

    

    

      
        	 	
                Type
                  of Transaction:

              	
                Interest
                  Rate Swap

              
	 	 	 	 
	 	
                Notional
                  Amount:

              	
                With
                  respect to any Calculation Period, the amount set forth for such
                  period on
                  Schedule I attached hereto.

              
	 	 	 	 
	 	
                Trade
                  Date:

              	
                November
                  15, 2006

              
	 	 	 	 
	 	
                Effective
                  Date:

              	
                November
                  30, 2006

              
	 	 	 	
                 

              
	 	
                Termination
                  Date:

              	
                November
                  25, 2011, subject to adjustment in accordance with the Business
                  Day
                  Convention; provided, however, that for the purpose of determining
                  the
                  final Fixed Rate Payer Period End Date, Termination Date shall
                  be subject
                  to No Adjustment.

              
	 	 	 	
                 

              
	 	
                Fixed
                  Amounts:

              	
                 

              
	 	 	 	
                 

              
	 	 	
                Fixed
                  Rate Payer:

              	
                Party
                  B

              
	 	 	 	
                 

              
	 	 	
                Fixed
                  Rate Payer

              	
                 

              
	 	 	
                Period
                  End Dates:

              	
                The
                  25th
                  calendar day of each month during the Term of this Transaction,
                  commencing
                  December 25, 2006, and ending on the Termination Date, with No
                  Adjustment.

              
	 	 	 	
                 

              
	 	 	
                Fixed
                  Rate Payer

              	
                 

              
	 	 	
                Payment
                  Dates:

              	
                Early
                  Payment shall be applicable. One Business Day prior to each Fixed
                  Rate
                  Payer Period End Date.

              
	 	 	 	 
	 	 	
                Fixed
                  Rate:

              	
                5.055%

              
	 	 	 	 
	 	 	
                Fixed
                  Amount:

              	
                To
                  be determined in accordance with the following formula:

              
	 	 	 	 
	 	 	
              	
                100*Fixed
                  Rate*Notional Amount*Fixed Rate Day Count Fraction

              
	 	 	 	 
	 	 	
                Fixed
                  Rate Day 

              	 
	 	 	
                Count
                  Fraction:

              	
                30/360

              
	 	 	 	 
	 	 	
                Floating
                  Amounts:

              	 
	 	 	 	 
	 	
                Floating
                  Rate Payer:

              	
                Party
                  A

              
	 	 	 	 
	 	 	
                Floating
                  Rate Payer

              	 
	 	 	
                Period
                  End Dates:

              	
                The
                  25th
                  calendar day of each month during the Term of this Transaction,
                  commencing
                  December 25, 2006, and ending on the Termination Date, subject
                  to
                  adjustment in accordance with the Business Day
                  Convention.

              
	 	 	 	 
	 	 	
                Floating
                  Rate Payer 

              	 
	 	 	
                Payment
                  Dates:

              	
                Early
                  Payment shall be applicable. One Business Day prior to each Floating
                  Rate
                  Payer Period End Date.

              
	 	 	 	 
	 	 	
                Floating
                  Rate Option:

              	
                USD-LIBOR-BBA

              
	 	 	 	 
	 	 	
                Floating
                  Amount:

              	
                To
                  be determined in accordance with the following formula:

              
	 	 	 	 
	 	 	
              	
                100*Floating
                  Rate Option*Notional Amount*Floating Rate Day Count
                  Fraction

              
	 	 	
                 

              	 
	 	 	
                Designated
                  Maturity:

              	
                One
                  month; provided that, with respect to the first Calculation Period,
                  Linear
                  Interpolation will apply

              
	 	 	
                 

              	 
	 	 	
                Floating
                  Rate Day 

              	 
	 	 	
                Count
                  Fraction:

              	
                Actual/360

              
	 	 	
                 

              	 
	 	 	
                Reset
                  Dates:

              	
                The
                  first day of each Calculation Period.

              
	 	 	
                 

              	 
	 	 	
                Compounding:

              	
                Inapplicable

              
	 	 	 	 
	 	 	
                Business
                  Days:

              	
                New
                  York and Illinois

              
	 	 	 	 
	 	 	
                Business
                  Day Convention:

              	
                Following

              
	 	 	 	 
	 	 	
                Calculation
                  Agent:

              	
                Party
                  A

              

      

    

    
      	3.  	
              Provisions
                Deemed Incorporated in a Schedule to the ISDA Master
                Agreement:

            

    

    

    
      	
              Part
                1.

            	
              Termination
                Provisions.

            

    

    

    For
      the
      purposes of this Agreement:-

    

    
      	(a)  	
              “Specified
                Entity”
                will not apply to Party A or Party B for any purpose.
                

            

    

    

    
      	(b)  	
              “Specified
                Transaction”
                will have the meaning specified in Section
                14.

            

    

    

    
      	(c)  	
              Events
                of Default.

            

    

    

    The
      statement below that an Event of Default will apply to a specific party means
      that upon the occurrence of such an Event of Default with respect to such party,
      the other party shall have the rights of a Non-defaulting Party under Section
      6
      of this Agreement; conversely, the statement below that such event will not
      apply to a specific party means that the other party shall not have such
      rights.

    

    
      	(i)  	
              The
                “Failure
                to Pay or Deliver”
                provisions of Section 5(a)(i) will apply to Party A and will apply
                to
                Party B; provided, however, that Section 5(a)(i) is hereby amended
                by
                replacing the word “third” with the word “first”; provided, further, that
                notwithstanding anything to the contrary in Section 5(a)(i), any
                failure
                by Party A to comply with or perform any obligation to be complied
                with or
                performed by Party A under the Credit Support Annex shall not constitute
                an Event of Default under Section 5(a)(i) unless (A) either (i) a
                Moody’s
                Second Trigger Ratings Event has occurred and been continuing for
                30 or
                more Local Business Days, or (ii) a S&P Required Ratings Downgrade
                Event has occurred and been continuing for 30 or more Local Business
                Days,
                and (B) such failure is not remedied on or before the third Local
                Business
                Day after notice of such failure is given to Party
                A.

            

    

    

    
      	(ii)  	
              The
                “Breach
                of Agreement”
                provisions of Section 5(a)(ii) will apply to Party A and will not
                apply to
                Party B.

            

    

    

    
      	(iii)  	
              The
                “Credit
                Support Default”
                provisions of Section 5(a)(iii) will apply to Party A and will not
                apply
                to Party B except that Section 5(a)(iii)(1) will apply to Party B
                solely
                in respect of Party B’s obligations under Paragraph 3(b) of the Credit
                Support Annex; provided, however, that notwithstanding anything to
                the
                contrary in Section 5(a)(iii)(1), any failure by Party A to comply
                with or
                perform any obligation to be complied with or performed by Party
                A under
                the Credit Support Annex shall not constitute an Event of Default
                under
                Section 5(a)(iii) unless (A) either (i) a Moody’s Second Trigger Ratings
                Event has occurred and been continuing for 30 or more Local Business
                Days,
                or (ii) a S&P Required Ratings Downgrade Event has occurred and been
                continuing for
                30 or more Local Business Days,
                and (B) such failure is not remedied on or before the third Local
                Business
                Day after notice of such failure is given to Party
                A.

            

    

    

    
      	(iv)  	
              The
                “Misrepresentation”
                provisions of Section 5(a)(iv) will apply to Party A and will not
                apply to
                Party B. 

            

    

    

    
      	(v)  	
              The
                “Default
                under Specified Transaction”
                provisions of Section 5(a)(v) will apply to Party A and will not
                apply to
                Party B.

            

    

    

    
      	(vi)  	
              The
                “Cross
                Default”
                provisions of Section 5(a)(vi) will apply to Party A and will not
                apply to
                Party B. For purposes of Section 5(a)(vi), solely with respect to
                Party
                A:

            

    

    

    “Specified
      Indebtedness” will have the meaning specified in Section 14 ,except that such
      term shall not include obligations in respect of deposits received in the
      ordinary course of Party A’s banking business.

    

    "Threshold
      Amount" means with respect to Party A, an amount equal to three percent (3%)
      of
      its total shareholders equity as specified from time to time in the most recent
      Annual Report of ABN AMRO Holding N.V. containing consolidated financial
      statements, prepared in accordance with accounting principles that are generally
      accepted for institutions of its type in the jurisdiction of its organization
      and certified by independent public accountants, or its equivalent in any other
      currency.

    

    
      	(vii)  	
              The
                “Bankruptcy”
                provisions of Section 5(a)(vii) will apply to Party A and will apply
                to
                Party B except that the provisions of Section 5(a)(vii)(2), (6) (to
                the
                extent that such provisions refer to any appointment contemplated
                or
                effected by the Pooling and Servicing Agreement or any appointment
                to
                which Party B has not become subject), (7) and (9) will not apply
                to Party
                B; provided that, with respect to Party B only, Section 5(a)(vii)(4)
                is
                hereby amended by adding after the words “against it” the words
                “(excluding any proceeding or petition instituted or presented by
                Party A
                or its Affiliates)”, and Section 5(a)(vii)(8) is hereby amended by
                deleting the words “to (7) inclusive” and inserting lieu thereof “, (3),
                (4) as amended, (5), (6) as amended, or
                (7)”.

            

    

    

    
      	(viii)  	
              The
                “Merger
                Without Assumption”
                provisions of Section 5(a)(viii) will apply to Party A and will apply
                to
                Party B.

            

    

    

    
      	(d)  	
              Termination
                Events.

            

    

    

    The
      statement below that a Termination Event will apply to a specific party means
      that upon the occurrence of such a Termination Event, if such specific party
      is
      the Affected Party with respect to a Tax Event, the Burdened Party with respect
      to a Tax Event Upon Merger (except as noted below) or the non-Affected Party
      with respect to a Credit Event Upon Merger, as the case may be, such specific
      party shall have the right to designate an Early Termination Date in accordance
      with Section 6 of this Agreement; conversely, the statement below that such
      an
      event will not apply to a specific party means that such party shall not have
      such right; provided, however, with respect to “Illegality” the statement that
      such event will apply to a specific party means that upon the occurrence of
      such
      a Termination Event with respect to such party, either party shall have the
      right to designate an Early Termination Date in accordance with Section 6 of
      this Agreement.

     

    
      	(i)  	
              The
                “Illegality”
                provisions of Section 5(b)(i) will apply to Party A and will apply
                to
                Party B.

            

    

     

    
      	(ii)  	
              The
                “Tax
                Event”
                provisions of Section 5(b)(ii) will apply to Party A except that,
                for
                purposes of the application of Section 5(b)(ii) to Party A, Section
                5(b)(ii) is hereby amended by deleting the words “(x) any action taken by
                a taxing authority, or brought in a court of competent jurisdiction,
                on or
                after the date on which a Transaction is entered into (regardless
                of
                whether such action is taken or brought with respect to a party to
                this
                Agreement) or (y)”, and the “Tax Event” provisions of Section 5(b)(ii)
                will apply to Party B. 

            

    

     

    
      	(iii)  	
              The
                “Tax
                Event Upon Merger”
                provisions of Section 5(b)(iii) will apply to Party A and will apply
                to
                Party B, provided that Party A shall not be entitled to designate
                an Early
                Termination Date by reason of a Tax Event upon Merger in respect
                of which
                it is the Affected Party.

            

    

     

    
      	(iv)  	
              The
                “Credit
                Event Upon Merger”
                provisions of Section 5(b)(iv) will not apply to Party A and will
                not
                apply to Party B.

            

    

     

    

    
      	(e)  	
              The
                “Automatic
                Early Termination”
                provision of Section 6(a) will not apply to Party A and will not
                apply to
                Party B.

            

    

    

    
      	(f)  	
               Payments
                on Early Termination.
                For the purpose of Section 6(e) of this
                Agreement:

            

    

    

    
      	(i)  	
              Market
                Quotation will apply, provided, however, that, in the event of a
                Derivative Provider Trigger Event, the following provisions will
                apply:

            

    

     

    
      	(A)  	
              The
                definition of Market Quotation in Section 14 shall be deleted in
                its
                entirety and replaced with the
                following:

            

    

    

    “Market
      Quotation” means,
      with respect to one or more Terminated Transactions, a Firm Offer which is
      (1)
      made by a Reference Market-maker that is an Eligible Replacement, (2) for an
      amount that would be paid to Party B (expressed as a negative number) or by
      Party B (expressed as a positive number) in consideration of an agreement
      between Party B and such Reference Market-maker to enter into a Replacement
      Transaction, and (3) made on the basis that Unpaid Amounts in respect of the
      Terminated Transaction or group of Transactions are to be excluded but, without
      limitation, any payment or delivery that would, but for the relevant Early
      Termination Date, have been required (assuming satisfaction of each applicable
      condition precedent) after that Early Termination Date is to be
      included.

    

    
      	(B)  	
              The
                definition of Settlement Amount shall be deleted in its entirety
                and
                replaced with the following:

            

    

    

    “Settlement
      Amount”
      means,
      with respect to any Early Termination Date, an amount (as determined by Party
      B)
      equal to: 

    

    
      	(a)  	
              If
                a Market Quotation for the relevant Terminated Transaction or group
                of
                Terminated Transactions is accepted by Party B so as to become legally
                binding on or before the day falling ten Local Business Days after
                the day
                on which the Early Termination Date is designated, or such later
                day as
                Party B may specify in writing to Party A, but in either case no
                later
                than one Local Business Day prior to the Early Termination Date (such
                day,
                the “Latest Settlement Amount Determination Day”), the Termination
                Currency Equivalent of the amount (whether positive or negative)
                of such
                Market Quotation; 

            

    

    

    
      	(b)  	
              If,
                on the Latest Settlement Amount Determination Day, no Market Quotation
                for
                the relevant Terminated Transaction or group of Terminated Transactions
                has been accepted by Party B so as to become legally binding and
                one or
                more Market Quotations from Approved Replacements have been made
                and
                remain capable of becoming legally binding upon acceptance, the Settlement
                Amount shall equal the Termination Currency Equivalent of the amount
                (whether positive or negative) of the lowest of such Market Quotations
                (for the avoidance of doubt, the lowest of such Market Quotations
                shall be
                the lowest Market Quotation of such Market Quotations expressed as
                a
                positive number or, if any of such Market Quotations is expressed
                as a
                negative number, the Market Quotation expressed as a negative number
                with
                the largest absolute value); or

            

    

    

    
      	(c)  	
              If,
                on the Latest Settlement Amount Determination Day, no Market Quotation
                for
                the relevant Terminated Transaction or group of Terminated Transactions
                is
                accepted by Party B so as to become legally binding and no Market
                Quotation from an Approved Replacement remains capable of becoming
                legally
                binding upon acceptance, the Settlement Amount shall equal Party
                B’s Loss
                (whether positive or negative and without reference to any Unpaid
                Amounts)
                for the relevant Terminated Transaction or group of Terminated
                Transactions.

            

    

    

    
      	(C)  	
              If
                Party B requests Party A in writing to obtain Market Quotations,
                Party A
                shall use its reasonable efforts to do so before the Latest Settlement
                Amount Determination Day.

            

    

    

    
      	(D)  	
              If
                the Settlement Amount is a negative number, Section 6(e)(i)(3) shall
                be
                deleted in its entirety and replaced with the
                following:

            

    

    

    “(3)
      Second
      Method and Market Quotation.
      If the
      Second Method and Market Quotation apply, (I) Party B shall pay to Party A
      an
      amount equal to the absolute value of the Settlement Amount in respect of the
      Terminated Transactions, (II) Party B shall pay to Party A the Termination
      Currency Equivalent of the Unpaid Amounts owing to Party A and (III) Party
      A
      shall pay to Party B the Termination Currency Equivalent of the Unpaid Amounts
      owing to Party B; provided, however, that (x) the amounts payable under the
      immediately preceding clauses (II) and (III) shall be subject to netting in
      accordance with Section 2(c) of this Agreement and (y) notwithstanding any
      other
      provision of this Agreement, any amount payable by Party A under the immediately
      preceding clause (III) shall not be netted-off against any amount payable by
      Party B under the immediately preceding clause (I).”

     

    
      	(E)  	
              At
                any time on or before the Latest Settlement Amount Determination
                Day at
                which two or more Market Quotations from Approved Replacements remain
                capable of becoming legally binding upon acceptance, Party B shall
                be
                entitled to accept only the lowest of such Market Quotations (for
                the
                avoidance of doubt, the lowest of such Market Quotations shall be
                the
                lowest Market Quotation of such Market Quotations expressed as a
                positive
                number or, if any of such Market Quotations is expressed as a negative
                number, the Market Quotation expressed as a negative number with
                the
                largest absolute value).

            

    

    

    
      	(i)  	
              The
                Second Method will apply.

            

    

     

    
      	(g)  	
              “Termination
                Currency”
                means USD.

            

    

    

    
      	(h)  	
              Additional
                Termination Events.
                Additional Termination Events will apply as provided in Part 5(c).
                

            

    

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    Part
      2.  Tax
      Matters.

    

    
      	(a)  	
              Tax
                Representations. 

            

    

    

    
      	(i)  	
              Payer
                Representations.
                For the purpose of Section 3(e) of this Agreement:
                

            

    

     

    
      	(A)  	
              Party
                A makes the following
                representation(s):

            

    

    

    It
      is not
      required by any applicable law, as modified by the practice of any relevant
      governmental revenue authority, of any Relevant Jurisdiction to make any
      deduction or withholding for or on account of any Tax from any payment (other
      than interest under Section 2(e), 6(d)(ii) or 6(e) of this Agreement) to be
      made
      by it to the other party under this Agreement. In making this representation,
      it
      may rely on: the accuracy of any representations made by the other party
      pursuant to Section 3(f) of this Agreement; (ii) the satisfaction of the
      agreement contained in Section 4(a)(i) or 4(a)(iii) of this Agreement and the
      accuracy and effectiveness of any document provided by the other party pursuant
      to Section 4(a)(i) or 4(a)(iii) of this Agreement; and (iii) the satisfaction
      of
      the agreement of the other party contained in Section 4(d) of this Agreement,
      provided that it shall not be a breach of this representation where reliance
      is
      placed on clause (ii) and the other party does not deliver a form or document
      under Section 4(a)(iii) by reason of material prejudice to its legal or
      commercial position.

    
      	 	 	 

    

    
      	(B)  	
              Party
                B makes the following
                representation(s):

            

    

    

    None.

    

    
      	(ii)  	
              Payee
                Representations. For
                the purpose of Section 3(f) of this Agreement: 

            

    

     

    
      	(A)  	
              Party
                A makes the following
                representation(s):

            

    

    

    (1)
      It is
      a resident of The Netherlands for the purpose of the application of the existing
      tax treaties between The Netherlands and those countries where offices of Party
      B are located.

    

    (2)
      With
      respect  to
      its
      non-U.S. branches, it is fully eligible for the benefits of the “Business
      Profits” or “Industrial and Commercial Profits” provision, as the case may be,
      the “Interest” provision or the “Other Income” provision (if any) of the
      Specified Treaty with respect to any payment described in such provisions and
      received or to be received by it in connection with this Agreement and no such
      payment is attributable to a trade or business carried on by it through a
      permanent establishment in the Specified Jurisdiction. With respect to Party
      A,
      Specified Treaty means the income tax treaty between the United States and
      The
      Netherlands; Specified Jurisdiction means the United States. 

    

    (3)
      With
      respect to its U.S. branches, each payment received or to be received by it
      in
      connection with this Agreement will be effectively connected with its conduct
      of
      a trade or business in the United States. 

     

    
      	(B)  	
              Party
                B makes the following
                representation(s):

            

    

    

    None. 

    

    
      	(b)  	
              Tax
                Provisions.

            

    

    

    
      	(i)  	
              Gross
                Up.
                Section 2(d)(i)(4) shall not apply to Party B as X, and Section 2(d)(ii)
                shall not apply to Party B as Y, in each case such that Party B shall
                not
                be required to pay any additional amounts referred to
                therein.

            

    

     

    

    
      	(ii)  	
              Indemnifiable
                Tax.
                The definition of “Indemnifiable Tax” in Section 14 is deleted in its
                entirety and replaced with the
                following:

            

    

     

    “Indemnifiable
      Tax”
      means,
      in relation to payments by Party A, any Tax and, in relation to payments by
      Party B, no Tax. 

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    Part
      3.  Agreement
      to Deliver Documents.  

    

    
      	(a)  	
              For
                the purpose of Section 4(a)(i), tax forms, documents, or certificates
                to
                be delivered are:

            

    

    

    
      	
              Party
                required to deliver document

            	
              Form/Document/

              Certificate

            	
              Date
                by which to

              be
                delivered

            
	 	 	 
	
              Party
                A

            	
              A
                correct, complete and duly executed U.S. Internal Revenue Service
                Form
                W-8BEN (or successor thereto), together with appropriate attachments,
                that
                eliminates U.S. federal withholding and backup withholding Tax on
                payments
                to Party A under this Agreement.

            	
              (i)
                before the first Payment Date under this Agreement, (ii) promptly
                upon
                reasonable demand by Party B, and (ii) promptly upon learning that
                any
                such form previously provided has become obsolete or
                incorrect.

            
	 	 	 
	
              Party
                B

            	
              At
                closing, a United States Internal Revenue Service Form W-9, or any
                successor form, completed and executed accurately and in a manner
                reasonably satisfactory to Party A, and thereafter, the appropriate
                tax
                certification form (i.e., IRS Form W-9 or IRS Form W-8BEN, W-8IMY,
                W-8EXP
                or W-8ECI, as applicable (or any successor form thereto)) completed
                and
                executed accurately and in a manner reasonably satisfactory to Party
                A,
                with respect to any payments received or to be received by the beneficial
                owner of payments to Party B under this Agreement from time to
                time.

            	
              (i)
                before the first Payment Date under this Agreement, (ii) promptly
                upon
                reasonable demand by Party A, and (ii) promptly upon learning that
                any
                such form previously provided has become obsolete or
                incorrect.

            

    

    

    

    
      	(b)  	
              For
                the purpose of Section 4(a)(ii), other documents to be delivered
                are:

            

    

    

    
      	
              Party
                required to deliver document

            	
              Form/Document/

              Certificate

            	
              Date
                by which to

              be
                delivered

            	
              Covered
                by Section 3(d) Representation

            
	 	 	 	 
	
              Party
                A and

              Party
                B

            	
              Any
                documents required by the receiving party to evidence the authority
                of the
                delivering party or its Credit Support Provider, if any, for it to
                execute
                and deliver the Agreement, this Confirmation, and any Credit Support
                Documents to which it is a party, and to evidence the authority of
                the
                delivering party or its Credit Support Provider to perform its obligations
                under the Agreement, this Confirmation and any Credit Support Document,
                as
                the case may be

            	
              Upon
                the execution and delivery of this Agreement

            	
              Yes

            
	 	 	 	 
	
              Party
                A and

              Party
                B

            	
              A
                certificate of an authorized officer of the party, as to the incumbency
                and authority of the respective officers of the party signing the
                Agreement, this Confirmation, and any relevant Credit Support Document,
                as
                the case may be

            	
              Upon
                the execution and delivery of this Agreement

            	
              Yes

            
	 	 	 	 
	
              Party
                A

            	
              Annual
                Report of ABN Amro Holding N.V. containing consolidated financial
                statements certified by independent certified public accountants
                and
                prepared in accordance with generally accepted accounting principles
                in
                the country in which Party A is organized

            	
              Promptly
                upon becoming publicly available

            	
              Yes

            
	 	 	 	 
	
              Party
                A and Party B

            	
              An
                opinion of counsel to such party reasonably satisfactory in form
                and
                substance to the other party, and, in the case of Party B, opinions
                of
                counsel relating to the Pooling and Servicing Agreement and other
                deal
                documents reasonably satisfactory in form and substance to Party
                A.

            	
              Upon
                the execution and delivery of this Agreement

            	
              No

            
	 	 	 	 
	
              Party
                B

            	
              An
                executed copy of the Pooling and Servicing Agreement and other deal
                documents related to this Transaction.

            	
              Promptly
                upon receipt by Party B

            	
              No

            

    

    

    Part
      4. Miscellaneous. 

    

    
      	(a)  	
              Address
                for Notices:
                For the purposes of Section 12(a) of this
                Agreement:

            

    

    

    Address
      for notices or communications to Party A:

    

    (1)
      For
      the purposes of Sections 5, 6 and 7 under this

    Agreement:

    

    ABN
      AMRO
      Bank N.V., Chicago Branch

    Global
      Documentation Unit

    540
      W.
      Madison Street, 22nd Floor

    Chicago,
      IL 60661

    

    Attention:
      Treasury Documentation

    

    Telephone:
       312-904-5214

    Fax:
       312-904-0392

    

    (2)
      For
      all other purposes to the Office through which Party

    A
      is
      acting for the purposes of the relevant

    Transactions:

    

    ABN
      AMRO
      Bank N.V., Amsterdam Head Office

    P.O.
      Box
      283

    1000
      AE
      Amsterdam

    The
      Netherlands

    

    Attention:
      Operations Derivatives Markets

    

    Forex
      Options

    Telephone:
      31-20-6292654

    Telefax:
       31-20-6284832

    

    Swaps

    Telephone:
      31-20-6284448

    Telefax:
       31-20-6281679

    

    Interest
      Related Products

    Telephone:
       31-20-3831226

    Telefax:
       31-20-6282462

    

    Credit
      Derivatives

    Telephone:
      31-20-3831230

    Telefax:
       31-20-3832299

    

    Telex:
      16021 Answerback: ABAM NL

    Electronic
      Messaging System Details: Swift ABNA NL 2A

    

    ABN
      AMRO
      Bank, N.V., Chicago Branch

    540
      West
      Madison Avenue, Suite 2132

    Chicago,
      IL 60661

    

    Attention:
      Treasury Operations

    

    Telephone:
       312-992-5816

    Telefax:
       312-855-5852

    Electronic
      Messaging System Details: ABNA US 33a XXX

    

    ABN
      AMRO
      Bank N.V., London Branch

    199
      Bishopsgate,

    London
      EC2M 3XW,

    United
      Kingdom

    

    Attention:
      Fixed Income Derivatives Documentation

    

    Telex:
      887366 Answerback: ABNALN G

    Telephone:
      44 20 7678 3311

    Telefax:
      44 20 7857 9428

    Electronic
      Messaging System Details: Swift ABNA GB 2L

    

    (For
      all
      purposes)

    

    Address
      for notices or communications to Party B:

    

    Address:   
         LaSalle
      Bank National Association

    135
      South
      LaSalle Street, Suite 1511

    Chicago,
      IL 60603

    Attention:              
        Global
      Securities and Trust Services - BSABS 06-AQ1

    Facsimile:               
        312-904-1368 

    Phone:      
         312-992-2833

    

    (For
      all
      purposes)

    

    
      	(b)  	
              Process
                Agent. For
                the purpose of Section 13(c):

            

    

    

    Party
      A
      appoints as its Process Agent: Not applicable.

    

    Party
      B
      appoints as its Process Agent: Not applicable.

    

    
      	(c)  	
              Offices.
                The provisions of Section 10(a) will apply to this
                Agreement.

            

    

    

    
      	(d)  	
              Multibranch
                Party.
                For the purpose of Section 10(c) of this
                Agreement:

            

    

    

    Party
      A
      is a Multibranch Party and may act through its London, Amsterdam and Chicago
      offices.

    

    
      	 	
              Party
                B is not a Multibranch Party.

            

    

    

    
      	(e)  	
              Calculation
                Agent.
                The Calculation Agent is Party A; provided, however, that if an Event
                of
                Default shall have occurred with respect to Party A, Party B shall
                have
                the right to appoint as Calculation Agent a third party, reasonably
                acceptable to Party A, the cost for which shall be borne by Party
                A.

            

    

    

    
      	(f)  	
              Credit
                Support Document. 

            

    

     

    
      	 	
              Party
                A:

            	
              The
                Credit Support Annex, and any guarantee in support of Party A’s
                obligations under this Agreement.

            

    

    

    Party
      B:               
 The
      Credit Support Annex, solely in respect of Party B’s obligations under Paragraph
      3(b) of the Credit Support Annex.

    

    
      	(g)  	
              Credit
                Support Provider.

            

    

    

    Party
      A:                The
      guarantor under any guarantee in support of Party A’s obligations under this
      Agreement.

    

    Party
      B:               
 None.

    

    
      	(h)  	
              Governing
                Law.
                The parties to this Agreement hereby agree that the law of the State
                of
                New York shall govern their rights and duties in whole, without regard
                to
                the conflict of law provisions thereof other than New York General
                Obligations Law Sections 5-1401 and 5-1402.

            

    

    

    
      	(i)  	
              Netting
                of Payments.
                The parties agree that subparagraph (ii) of Section 2(c) will apply
                to
                each Transaction hereunder. 

            

    

    

    
      	(j)  	
              Affiliate.
                “Affiliate” shall have the meaning assigned thereto in Section 14;
                provided, however, that Party B shall be deemed to have no Affiliates
                for
                purposes of this Agreement, including for purposes of Section
                6(b)(ii).

            

    

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    Part
      5.  Others
      Provisions.

    

    
      	(a)  	
              Definitions.
                Unless otherwise specified in a Confirmation, this Agreement and
                each
                Transaction under this Agreement are subject to the 2000 ISDA Definitions
                as published and copyrighted in 2000 by the International Swaps and
                Derivatives Association, Inc. (the “Definitions”), and will be governed in
                all relevant respects by the provisions set forth in the Definitions,
                without regard to any amendment to the Definitions subsequent to
                the date
                hereof. The provisions of the Definitions are hereby incorporated
                by
                reference in and shall be deemed a part of this Agreement, except
                that (i)
                references in the Definitions to a “Swap Transaction” shall be deemed
                references to a “Transaction” for purposes of this Agreement, and (ii)
                references to a “Transaction” in this Agreement shall be deemed references
                to a “Swap Transaction” for purposes of the Definitions. Each term
                capitalized but not defined in this Agreement shall have the meaning
                assigned thereto in the Pooling and Servicing
                Agreement.

            

    

     

    
      	(b)  	
              Amendments
                to ISDA Master Agreement.

            

    

    

    
      	(i)  	
              Single
                Agreement.
                Section 1(c) is hereby amended by the adding the words “including, for the
                avoidance of doubt, the Credit Support Annex” after the words “Master
                Agreement”. 

            

    

     

    
      	(ii)  	
              [Reserved]

            

    

     

    
      	(iii)  	
              Change
                of Account.
                Section 2(b) is hereby amended by the addition of the following after
                the
                word “delivery” in the first line
                thereof:

            

    

     

    “to
      another account in the same legal and tax jurisdiction as the original
      account”.

     

    
      	(iv)  	
              Representations.
                Section 3 is hereby amended by adding at the end thereof the following
                subsection (g): 

            

    

     

    

    
      	 	
              “(g)

            	
              Relationship
                Between Parties. 

            

    

    

    
      	(1)  	
              Nonreliance.
                (i) It is not relying on any statement or representation of the other
                party regarding the Transaction (whether written or oral), other
                than the
                representations expressly made in this Agreement or the Confirmation
                in
                respect of that Transaction and (ii) it has consulted with its own
                legal,
                regulatory, tax, business, investment, financial and accounting advisors
                to the extent it has deemed necessary, and it has made its own investment,
                hedging and trading decisions based upon its own judgment and upon
                any
                advice from such advisors as it has deemed necessary and not upon
                any view
                expressed by the other party.

            

    

     

    
      	(2)  	
              Evaluation
                and Understanding. (i) It has the capacity to evaluate (internally
                or
                through independent professional advice) the Transaction and has
                made its
                own decision subject to Section 6(n) of this Agreement to enter into
                the
                Transaction and (ii) It understands the terms, conditions and risks
                of the
                Transaction and is willing and able to accept those terms and conditions
                and to assume those risks, financially and otherwise.
                

            

    

    

    
      	(3)  	
              Purpose.
                It is entering into the Transaction for the purposes of managing
                its
                borrowings or investments, hedging its underlying assets or liabilities
                or
                in connection with a line of business.

            

    

    

    
      	(4)  	
              Status
                of Parties. The other party is not acting as an agent, fiduciary
                or
                advisor for it in respect of the Transaction.

            

    

    

    
      	(5)  	
              Eligible
                Contract Participant. It is an “eligible swap participant” as such term is
                defined in, Section 35.1(b)(2) of the regulations (17 C.F.R. 35)
                promulgated under, and an “eligible contract participant” as defined in
                Section 1(a)(12) of the Commodity Exchange Act, as
                amended.”

            

    

    

    
      	(v)  	
              Transfer
                to Avoid Termination Event.
                Section 6(b)(ii) is hereby amended by (i) deleting the words “or if a Tax
                Event Upon Merger occurs and the Burdened Party is the Affected Party,”
                and (ii) by deleting the words “to transfer” and inserting the words “to
                effect a Permitted Transfer” in lieu
                thereof.

            

    

     

    
      	(vi)  	
              Jurisdiction.
                Section 13(b) is hereby amended by: (i) deleting in the second line
                of
                subparagraph (i) thereof the word "non-", (ii) deleting “; and” from the
                end of subparagraph 1 and inserting “.” in lieu thereof, and (iii)
                deleting the final paragraph
                thereof.

            

    

     

    
      	(vii)  	
              Local
                Business Day.
                The definition of Local Business Day in Section 14 is hereby amended
                by
                the addition of the words “or any Credit Support Document” after “Section
                2(a)(i)” and the addition of the words “or Credit Support Document” after
                “Confirmation”. 

            

    

     

    
      	(c)  	
              Additional
                Termination Events.
                The following Additional Termination Events will
                apply:

            

    

     

    

    
      	(i)  	
              First
                Rating Trigger Collateral.
                If
                (A) it is not the case that a Moody’s Second Trigger Ratings Event has
                occurred and been continuing for 30 or more Local Business Days and
                (B)
                Party A has failed to comply with or perform any obligation to be
                complied
                with or performed by Party A in accordance with the Credit Support
                Annex,
                then an Additional Termination Event shall have occurred with respect
                to
                Party A and Party A shall be the sole Affected Party with respect
                to such
                Additional Termination Event. 

            

    

    

    
      	(ii)  	
              Second
                Rating Trigger Replacement.
                If
                (A) a Required Ratings Downgrade Event has occurred and been continuing
                for 30 or more Local Business Days and (B) (i) at least one Eligible
                Replacement has made a Firm Offer to be the transferee of all of
                Party A’s
                rights and obligations under this Agreement (and such Firm Offer
                remains
                an offer that will become legally binding upon such Eligible Replacement
                upon acceptance by the offeree) and/or (ii) an Eligible Guarantor
                has made
                a Firm Offer to provide an Eligible Guarantee (and such Firm Offer
                remains
                an offer that will become legally binding upon such Eligible Guarantor
                immediately upon acceptance by the offeree), then an Additional
                Termination Event shall have occurred with respect to Party A and
                Party A
                shall be the sole Affected Party with respect to such Additional
                Termination Event. 

            

    

    

    
      	(iii)  	
              Amendment
                of Pooling and Servicing Agreement.
                If, without the prior written consent of Party A where such consent
                is
                required under the Pooling and Servicing Agreement (such consent
                not to be
                unreasonably withheld), an amendment is made to the Pooling and Servicing
                Agreement (excluding, for the avoidance of doubt, any amendment to
                the
                Pooling and Servicing Agreement that is entered into solely for the
                purpose of appointing a successor servicer, master servicer, securities
                administrator, trustee or other service provider), an Additional
                Termination Event shall have occurred with respect to Party B and
                Party B
                shall be the sole Affected Party with respect to such Additional
                Termination Event. 

            

    

    

    
      	(iv)  	
              Trust
                Termination.
                If the Trust is terminated pursuant to the Pooling and Servicing
                Agreement
                other than in an Optional Termination, an Additional Termination
                Event
                shall have occurred with respect to Party B and Party B shall be
                the sole
                Affected Party with respect to such Additional Termination Event.
                Notwithstanding anything in Section 6 to the contrary, any amounts
                due as
                a result of the occurrence of an Additional Termination Event described
                in
                this paragraph (iv) may be calculated prior to the related Early
                Termination Date and shall be payable on the final Distribution Date
                in
                connection with the termination of the
                trust.

            

    

    

    
      	(v)  	
              Optional
                Termination of Securitization.
                An Additional Termination Event shall occur upon the notice to
                Certificateholders of an Optional Termination becoming unrescindable
                in
                accordance with Article X of the Pooling and Servicing Agreement
                (such
                notice, the “Optional Termination Notice”). With respect to such
                Additional Termination Event: (A) Party B shall be the sole Affected
                Party; (B) notwithstanding anything to the contrary in Section 6(b)(iv)
                or
                Section 6(c)(i), the final Distribution Date specified in the Optional
                Termination Notice is hereby designated as the Early Termination
                Date for
                this Additional Termination Event in respect of all Affected Transactions;
                (C) Section 2(a)(iii)(2) shall not be applicable to any Affected
                Transaction in connection with the Early Termination Date resulting
                from
                this Additional Termination Event; notwithstanding anything to the
                contrary in Section 6(c)(ii), payments and deliveries under Section
                2(a)(i) or Section 2(e) in respect of the Terminated Transactions
                resulting from this Additional Termination Event will be required
                to be
                made through and including the Early Termination Date designated
                as a
                result of this Additional Termination Event; provided, for the avoidance
                of doubt, that any such payments or deliveries that are made on or
                prior
                to such Early Termination Date will not be treated as Unpaid Amounts
                in
                determining the amount payable in respect of such Early Termination
                Date;
                (D) notwithstanding anything to the contrary in Section 6(d)(i),
                (I) if,
                on the day that is four Business Days prior to the final Distribution
                Date
                specified in the Optional Termination Notice, no later than 4:00
                pm New
                York City time the Trustee requests the amount of the Estimated Swap
                Termination Payment, Party A shall provide to the Trustee in writing
                (which may be done in electronic format) the amount of the Estimated
                Swap
                Termination Payment no later than 2:00 pm New York City time on the
                following Business Day and (II) if the Trustee provides written notice
                (which may be done in electronic format) to Party A no later than
                two
                Business Days prior to the final Distribution Date specified in the
                Optional Termination Notice that all requirements of the Optional
                Termination have been met, then Party A shall, no later than one
                Business
                Day prior to the final Distribution Date specified in the Optional
                Termination Notice, make the calculations contemplated by Section
                6(e) of
                the ISDA Master Agreement (as amended herein) and provide to the
                Trustee
                in writing (which may be done in electronic format) the amount payable
                by
                either Party B or Party A in respect of the related Early Termination
                Date
                in connection with this Additional Termination Event; provided, however,
                that the amount payable by Party B, if any, in respect of the related
                Early Termination Date shall be the lesser of (x) the amount calculated
                to
                be due by Party B pursuant to Section 6(e) and (y) the Estimated
                Swap
                Termination Payment; and (E) notwithstanding anything to the contrary
                in
                this Agreement, any amount due from Party B to Party A in respect
                of this
                Additional Termination Event will be payable on the final Distribution
                Date specified in the Optional Termination Notice and any amount
                due from
                Party A to Party B in respect of this Additional Termination Event
                will be
                payable one Business Day prior to the final Distribution Date specified
                in
                the Optional Termination Notice. 

            

    

    

    The
      Trustee shall be an express third party beneficiary of this Agreement as if
      a
      party hereto to the extent of the Trustee’s rights specified herein.

    

    
      	(d)  	
              Required
                Ratings Downgrade Event.
                In the event that no Relevant Entity has credit ratings at least
                equal to
                the Required Ratings Threshold (such event, a “Required Ratings Downgrade
                Event”), then Party A shall, as soon as reasonably practicable and so long
                as a Required Ratings Downgrade Event is in effect, at its own expense,
                using commercially reasonable efforts, procure either (A) a Permitted
                Transfer or (B) an Eligible Guarantee from an Eligible Guarantor.
                

            

    

     

    
      	(e)  	
              Item
                1115 Agreement.
                Party A and Party B hereby agree that the terms of the Item 1115
                Agreement, dated as of November 22, 2006 (the “Item 1115 Agreement”),
                among, EMC Mortgage Corporation (the “Sponsor”), Bear Stearns Asset Backed
                Securities I LLC and Structured Asset Mortgage Investments II Inc.
                (each,
                as applicable, the “Depositor”) and Party A shall be incorporated by
                reference into this Agreement and Party B shall be an express third
                party
                beneficiary of the Item 1115 Agreement. A copy of the Item 1115 Agreement
                is annexed hereto at Annex B. 

            

    

     

    
      	(f)  	
              Transfers.
                

            

    

     

    
      	(i)  	
              Section
                7 is hereby amended to read in its entirety as
                follows:

            

    

     

    “Subject
      to Section 6(b)(ii), Part 5(d), the Item 1115 Agreement and Part 5(e), neither
      Party A nor Party B is permitted to assign, novate or transfer (whether by
      way
      of security or otherwise) as a whole or in part any of its rights, obligations
      or interests under the Agreement or any Transaction unless (a) they have secured
      the prior written consent of the other party and (b) the Rating Agency Condition
      has been satisfied with respect to S&P.” 

     

    
      	(ii)  	
              If
                an Eligible Replacement has made a Firm Offer (which remains an offer
                that
                will become legally binding upon acceptance by Party B) to be the
                transferee pursuant to a Permitted Transfer, Party B shall, at Party
                A’s
                written request and at Party A’s expense, take any reasonable steps
                required to be taken by Party B to effect such transfer.
                

            

    

     

    
      	(g)  	
              Non-Recourse.
                Party A acknowledges and agree that, notwithstanding any provision
                in this
                Agreement to the contrary, the obligations of Party B hereunder are
                limited recourse obligations of Party B, payable solely from the
                Group I
                Supplemental Interest Trust and the proceeds thereof, in accordance
                with
                the priority of payments and other terms of the Pooling and Servicing
                Agreement and that Party A will not have any recourse to any of the
                directors, officers, employees, shareholders or affiliates of the
                Party B
                with respect to any claims, losses, damages, liabilities, indemnities
                or
                other obligations in connection with any transactions contemplated
                hereby.
                In the event that the Group I Supplemental Interest Trust and the
                proceeds
                thereof, should be insufficient to satisfy all claims outstanding
                and
                following the realization of the account held by the Group I Supplemental
                Interest Trust and the proceeds thereof, any claims against or obligations
                of Party B under the ISDA Master Agreement or any other confirmation
                thereunder still outstanding shall be extinguished and thereafter
                not
                revive. The Group I Supplemental Interest Trust Trustee shall not
                have
                liability for any failure or delay in making a payment hereunder
                to Party
                A due to any failure or delay in receiving amounts in the account
                held by
                the Group I Supplemental Interest Trust from the Trust created pursuant
                to
                the Pooling and Servicing Agreement. For the avoidance of doubt,
                nothing
                in this Part 5(g) shall preclude Party A from declaring an Event
                of
                Default or from exercising any other right or remedy as set forth
                in this
                Agreement or the Pooling and Servicing Agreement. This provision
                will
                survive the termination of this
                Agreement.

            

    

     

    
      	(h)  	
              Timing
                of Payments by Party B upon Early Termination.
                Notwithstanding anything to the contrary in Section 6(d)(ii), to
                the
                extent that all or a portion (in either case, the “Unfunded Amount”) of
                any amount that is calculated as being due in respect of any Early
                Termination Date under Section 6(e) from Party B to Party A will
                be paid
                by Party B from amounts other than any upfront payment paid to Party
                B by
                an Eligible Replacement that has entered a Replacement Transaction
                with
                Party B, then such Unfunded Amount shall be due on the Distribution
                Date
                immediately following the date on which the payment would have been
                payable as determined in accordance with Section 6(d)(ii), and on
                any
                subsequent Distribution Dates until paid in full (or if such Early
                Termination Date is the final Distribution Date, on such final
                Distribution Date); provided, however, that if the date on which
                the
                payment would have been payable as determined in accordance with
                Section
                6(d)(ii) is a Distribution Date, such payment will be payable on
                such
                Distribution Date.

            

    

     

    
      	(i)  	
              Rating
                Agency Notifications.
                Notwithstanding any other provision of this Agreement, no Early
                Termination Date shall be effectively designated hereunder by Party
                B and
                no transfer of any rights or obligations under this Agreement shall
                be
                made by either party unless each Swap Rating Agency has been given
                prior
                written notice of such designation or transfer.

            

    

     

    
      	(j)  	
              No
                Set-off.
                Except as expressly provided for in Section 2(c), Section 6 or Part
                1(f)(i)(D) hereof, and notwithstanding any other provision of this
                Agreement or any other existing or future agreement, each party
                irrevocably waives any and all rights it may have to set off, net,
                recoup
                or otherwise withhold or suspend or condition payment or performance
                of
                any obligation between it and the other party hereunder against any
                obligation between it and the other party under any other agreements.
                Section 6(e) shall be amended by deleting the following sentence:
“The
                amount, if any, payable in respect of an Early Termination Date and
                determined pursuant to this Section will be subject to any
                Set-off.”.

            

    

     

    
      	(k)  	
              Amendment.
                Notwithstanding any provision to the contrary in this Agreement,
                no
                amendment of either this Agreement or any Transaction under this
                Agreement
                shall be permitted by either party unless each of the Swap Agencies
                has
                been provided prior written notice of the same and such amendment
                satisfies the Rating Agency Condition with respect to
                S&P.

            

    

     

    
      	(l)  	
              Notice
                of Certain Events or Circumstances.
                Each Party agrees, upon learning of the occurrence or existence of
                any
                event or condition that constitutes (or that with the giving of notice
                or
                passage of time or both would constitute) an Event of Default or
                Termination Event with respect to such party, promptly to give the
                other
                Party and to each Swap Rating Agency notice of such event or condition;
                provided that failure to provide notice of such event or condition
                pursuant to this Part 5(l) shall not constitute an Event of Default
                or a
                Termination Event.

            

    

     

    
      	(m)  	
              Proceedings.
                No Relevant Entity shall institute against, or cause any other person
                to
                institute against, or join any other person in instituting against
                Party
                B, the Group I Supplemental Interest Trust, or the trust formed pursuant
                to the Pooling and Servicing Agreement, in any bankruptcy, reorganization,
                arrangement, insolvency or liquidation proceedings or other proceedings
                under any federal or state bankruptcy or similar law for a period
                of one
                year (or, if longer, the applicable preference period) and one day
                following payment in full of the Certificates and any Notes; provided
                however, that this provision shall not preclude, or be deemed to
                stop, a
                Relevant Entity or an Affiliate of a Relevant Entity (i) from taking
                any
                action prior to the expiration of the aforementioned one year and
                one day
                period, or if longer the applicable preference period then in effect,
                in
                (A) any case or proceeding voluntarily filed or commenced by Party
                B or
                (B) any involuntary insolvency proceeding filed or commenced by a
                Person
                other than a Relevant Entity or an Affiliate of a Relevant Entity,
                or (ii)
                from commencing against Party B or any of the Mortgage Loans any
                legal
                action which is not a bankruptcy, reorganization, arrangement, insolvency,
                moratorium, liquidation or similar proceeding. This provision will
                survive
                the termination of this Agreement.

            

    

     

    
      	(n)  	
              Group
                I Supplemental Interest Trust Trustee Liability
                Limitations.
                It is expressly understood and agreed by the parties hereto that
                (a) this
                Agreement is executed by LaSalle Bank National Association (“LaSalle”) not
                in its individual capacity, but solely as Group I Supplemental Interest
                Trust Trustee under the Pooling and Servicing Agreement in the exercise
                of
                the powers and authority conferred and invested in it thereunder;
                (b) the
                Group I Supplemental Interest Trust Trustee has been directed pursuant
                to
                the Pooling and Servicing Agreement to enter into this Agreement
                and to
                perform its obligations hereunder; (c) each of the representations,
                undertakings and agreements herein made on behalf of the Group I
                Supplemental Interest Trust is made and intended not as personal
                representations of the Group I Supplemental Interest Trust Trustee
                but is
                made and intended for the purpose of binding only the Group I Supplemental
                Interest Trust; and (d) under no circumstances shall LaSalle in its
                individual capacity be personally liable for any payments hereunder
                or for
                the breach or failure of any obligation, representation, warranty
                or
                covenant made or undertaken under this
                Agreement.

            

    

     

    
      	(o)  	
              Severability.
                If any term, provision, covenant, or condition of this Agreement,
                or the
                application thereof to any party or circumstance, shall be held to
                be
                invalid or unenforceable (in whole or in part) in any respect, the
                remaining terms, provisions, covenants, and conditions hereof shall
                continue in full force and effect as if this Agreement had been executed
                with the invalid or unenforceable portion eliminated, so long as
                this
                Agreement as so modified continues to express, without material change,
                the original intentions of the parties as to the subject matter of
                this
                Agreement and the deletion of such portion of this Agreement will
                not
                substantially impair the respective benefits or expectations of the
                parties; provided, however, that this severability provision shall
                not be
                applicable if any provision of Section 2, 5, 6, or 13 (or any definition
                or provision in Section 14 to the extent it relates to, or is used
                in or
                in connection with any such Section) shall be so held to be invalid
                or
                unenforceable. 

            

    

     

    The
      parties shall endeavor to engage in good faith negotiations to replace any
      invalid or unenforceable term, provision, covenant or condition with a valid
      or
      enforceable term, provision, covenant or condition, the economic effect of
      which
      comes as close as possible to that of the invalid or unenforceable term,
      provision, covenant or condition. 

    

    
      	(p)  	
              Agent
                for Party B.
                Party A acknowledges that the Group I Supplemental Interest Trust
                Trustee
                has been appointed as agent under the Pooling and Servicing Agreement
                to
                carry out certain functions on behalf of Party B, and that the Group
                I
                Supplemental Interest Trust Trustee shall be entitled to give notices
                and
                to perform and satisfy the obligations of Party B hereunder on behalf
                of
                Party B.

            

    

     

    
      	(q)  	
              Escrow
                Payments.
                If (whether by reason of the time difference between the cities in
                which
                payments are to be made or otherwise) it is not possible for simultaneous
                payments to be made on any date on which both parties are required
                to make
                payments hereunder, either Party may at its option and in its sole
                discretion notify the other Party that payments on that date are
                to be
                made in escrow. In this case deposit of the payment due earlier on
                that
                date shall be made by 2:00 pm (local time at the place for the earlier
                payment) on that date with an escrow agent selected by the notifying
                party, accompanied by irrevocable payment instructions (i) to release
                the
                deposited payment to the intended recipient upon receipt by the escrow
                agent of the required deposit of any corresponding payment payable
                by the
                other party on the same date accompanied by irrevocable payment
                instructions to the same effect or (ii) if the required deposit of
                the
                corresponding payment is not made on that same date, to return the
                payment
                deposited to the party that paid it into escrow. The party that elects
                to
                have payments made in escrow shall pay all costs of the escrow
                arrangements.

            

    

     

    
      	(r)  	
              Consent
                to Recording.
                Each party hereto consents to the monitoring or recording, at any
                time and
                from time to time, by the other party of any and all communications
                between trading, marketing, and operations personnel of the parties
                and
                their Affiliates, waives any further notice of such monitoring or
                recording, and agrees to notify such personnel of such monitoring
                or
                recording. 

            

    

     

    
      	(s)  	
              Waiver
                of Jury Trial.
                Each party waives any right it may have to a trial by jury in respect
                of
                any in respect of any suit, action or proceeding relating to this
                Agreement or any Credit Support Document.

            

    

     

    
      	(t)  	
              Form
                of ISDA Master Agreement.
                Party A and Party B hereby agree that the text of the body of the
                ISDA
                Master Agreement is intended to be the printed form of the ISDA Master
                Agreement (Multicurrency - Crossborder) as published and copyrighted
                in
                1992 by the International Swaps and Derivatives Association,
                Inc.

            

    

     

    
      	(u)  	
              Payment
                Instructions.
                Party A hereby agrees that, unless notified in writing by Party B
                of other
                payment instructions, any and all amounts payable by Party A to Party
                B
                under this Agreement shall be paid to the account specified in Item
                4 of
                this Confirmation, below. 

            

    

     

    
      	(v)  	
              Additional
                representations.

            

    

     

    
      	(i)  	
              Representations
                of Party A.
                Party A represents to Party B on the date on which Party A enters
                into
                each Transaction that:--

            

    

     

    Party
      A’s
      obligations under this Agreement rank pari passu with all of Party A’s other
      unsecured, unsubordinated obligations except those obligations preferred by
      operation of law.

    

    
      	(ii)  	
              Representations
                of Party B.
                Party B represents to Party A on the date on which Party B enters
                into
                each Transaction that:--

            

    

     

    In
      its
      capacity as Group I Supplemental Interest Trust Trustee of the Group I
      Supplemental Interest Trust, the Group I Supplemental Interest Trust Trustee
      has
      been authorized under the Pooling and Servicing Agreement to execute this
      Agreement, to deliver this Agreement, to perform the obligations (on behalf
      of
      the Group I Supplemental Interest Trust) under this Agreement and any
      obligations (on behalf of the Group I Supplemental Interest Trust) under any
      Credit Support Document to which the Group I Supplemental Interest Trust Trustee
      on behalf of the Group I Supplemental Interest Trust is party and has taken
      all
      necessary action to authorize such execution, delivery and
      performance.

     

    
      	(iii)  	
              Capacity.
                Party A represents to Party B on the date on which Party A enters
                into
                this Agreement that it is entering into the Agreement and the Transaction
                as principal and not as agent of any person. Party B represents to
                Party A
                on the date on which Party B enters into this Agreement that it is
                entering into the Agreement and the Transaction in its capacity as
                Group I
                Supplemental Interest Trustee.

            

    

     

    
      	(w)  	
              Acknowledgements.

            

    

     

    
      	(i)  	
              Substantial
                financial transactions.
                Each party hereto is hereby advised and acknowledges as of the date
                hereof
                that the other party has engaged in (or refrained from engaging in)
                substantial financial transactions and has taken (or refrained from
                taking) other material actions in reliance upon the entry by the
                parties
                into the Transaction being entered into on the terms and conditions
                set
                forth herein and in the Pooling and Servicing Agreement relating
                to such
                Transaction, as applicable. This paragraph shall be deemed repeated
                on the
                trade date of each Transaction.

            

    

     

    
      	(ii)  	
              Bankruptcy
                Code.
                Subject to Part 5(m), without limiting the applicability if any,
                of any
                other provision of the U.S. Bankruptcy Code as amended (the “Bankruptcy
                Code”) (including without limitation Sections 362, 546, 556, and 560
                thereof and the applicable definitions in Section 101 thereof), the
                parties acknowledge and agree that all Transactions entered into
                hereunder
                will constitute “forward contracts” or “swap agreements” as defined in
                Section 101 of the Bankruptcy Code or “commodity contracts” as defined in
                Section 761 of the Bankruptcy Code, that the rights of the parties
                under
                Section 6 of this Agreement will constitute contractual rights to
                liquidate Transactions, that any margin or collateral provided under
                any
                margin, collateral, security, pledge, or similar agreement related
                hereto
                will constitute a “margin payment” as defined in Section 101 of the
                Bankruptcy Code, and that the parties are entities entitled to the
                rights
                under, and protections afforded by, Sections 362, 546, 556, and 560
                of the
                Bankruptcy Code.

            

    

     

    
      	(iii)  	
              Regarding
                Party A.
                Party B acknowledges and agrees that Party A has had and will have
                no
                involvement in and, accordingly Party A accepts no responsibility
                for: (i)
                the establishment, structure, or choice of assets of Party B; (ii)
                the
                selection of any person performing services for or acting on behalf
                of
                Party B; (iii) the selection of Party A as the swap counterparty;
                (iv) the
                terms of the Certificates; (v) the preparation of or passing on the
                disclosure and other information contained in any offering circular
                for
                the Certificates, the Pooling and Servicing Agreement, or any other
                agreements or documents used by Party B or any other party in connection
                with the marketing and sale of the Certificates (other than information
                provided by Party A for purposes of the disclosure document relating
                to
                the Class I-A Certificates and the Class I-M Certificates, (vi) the
                ongoing operations and administration of Party B, including the furnishing
                of any information to Party B which is not specifically required
                under
                this Agreement; or (vii) any other aspect of Party B's
                existence.

            

    

     

    
      	(x)  	
              [Reserved]

            

    

     

    
      	(y)  	
              [Reserved]

            

    

     

    
      	(z)  	
              Additional
                Definitions.
                

            

    

     

    As
      used
      in this Agreement, the following terms shall have the meanings set forth below,
      unless the context clearly requires otherwise: 

     

    “Approved
      Ratings Threshold”
means
      each of the S&P Approved Ratings Threshold and the Moody’s First Trigger
      Ratings Threshold.

     

    “Approved
      Replacement”
means,
      with respect to a Market Quotation, an entity making such Market Quotation,
      which entity would satisfy conditions (a), (b) and (c) of the definition of
      Permitted Transfer (as determined by Party B in its sole discretion, acting
      in a
      commercially reasonable manner) if such entity were a Transferee, as defined
      in
      the definition of Permitted Transfer.

     

    “Derivative
      Provider Trigger Event”
means
      (i) an Event of Default with respect to which Party A is a Defaulting Party,
      (ii) a Termination Event with respect to which Party A is the sole Affected
      Party or (iii) an Additional Termination Event with respect to which Party
      A is
      the sole Affected Party.

     

    “Eligible
      Guarantee”
means
      an unconditional and irrevocable guarantee of all present and future obligations
      (for the avoidance of doubt, not limited to payment obligations) of Party A
      or
      an Eligible Replacement to Party B under this Agreement that is provided by
      an
      Eligible Guarantor as principal debtor rather than surety and that is directly
      enforceable by Party B, the form and substance of which guarantee are subject
      to
      the Rating Agency Condition with respect to S&P, and either (A) a law firm
      has given a legal opinion confirming that none of the guarantor’s payments to
      Party B under such guarantee will be subject to Tax collected by withholding
      or
      (B) such guarantee provides that, in the event that any of such guarantor’s
      payments to Party B are subject to Tax collected by withholding, such guarantor
      is required to pay such additional amount as is necessary to ensure that the
      net
      amount actually received by Party B (free and clear of any Tax collected by
      withholding) will equal the full amount Party B would have received had no
      such
      withholding been required.

     

    “Eligible
      Guarantor”
means
      an entity that (A) has credit ratings at least equal to the Approved Ratings
      Threshold or (B) has credit ratings at least equal to the Required Ratings
      Threshold, provided, for the avoidance of doubt, that an Eligible Guarantee
      of
      an Eligible Guarantor with credit ratings below the Approved Ratings Threshold
      will not cause a Collateral Event (as defined in the Credit Support Annex)
      not
      to occur or continue. 

     

    “Eligible
      Replacement”
means
      an entity (A) (i) that has credit ratings at least equal to the Approved Ratings
      Threshold, (ii) has credit ratings at least equal to the Required Ratings
      Threshold, provided, for the avoidance of doubt, that an Eligible Guarantee
      of
      an Eligible Guarantor with credit ratings below the Approved Ratings Threshold
      will not cause a Collateral Event (as defined in the Credit Support Annex)
      not
      to occur or continue, or (iii) the present and future obligations (for the
      avoidance of doubt, not limited to payment obligations) of which entity to
      Party
      B under this Agreement are guaranteed pursuant to an Eligible Guarantee provided
      by an Eligible Guarantor and (B) that has executed an Item 1115 Agreement with
      the Sponsor and Depositor.

     

    “Estimated
      Swap Termination Payment”
means,
      with respect to an Early Termination Date, an amount determined by Party A
      in
      good faith and in a commercially reasonable manner as the maximum payment that
      could be owed by Party B to Party A in respect of such Early Termination Date
      pursuant to Section 6(e) of the ISDA Master Agreement, taking into account
      then
      current market conditions.

     

    “Firm
      Offer”
means
      (A) with respect to an Eligible Replacement, a quotation from such Eligible
      Replacement (i) in an amount equal to the actual amount payable by or to Party
      B
      in consideration of an agreement between Party B and such Eligible Replacement
      to replace Party A as the counterparty to this Agreement by way of novation
      or,
      if such novation is not possible, an agreement between Party B and such Eligible
      Replacement to enter into a Replacement Transaction (assuming that all
      Transactions hereunder become Terminated Transactions), and (ii) that
      constitutes an offer by such Eligible Replacement to replace Party A as the
      counterparty to this Agreement or enter a Replacement Transaction that will
      become legally binding upon such Eligible Replacement upon acceptance by Party
      B, and (B) with respect to an Eligible Guarantor, an offer by such Eligible
      Guarantor to provide an Eligible Guarantee that will become legally binding
      upon
      such Eligible Guarantor upon acceptance by the offeree.

     

    “Moody’s”
means
      Moody’s Investors Service, Inc., or any successor thereto. 

     

    “Moody’s
      First Trigger Ratings Threshold”
means,
      with respect to Party A, the guarantor under an Eligible Guarantee or an
      Eligible Replacement, (i) if such entity has both
      a
      long-term unsecured and unsubordinated debt rating or counterparty rating from
      Moody’s and a
      short-term unsecured and unsubordinated debt rating from Moody’s, a long-term
      unsecured and unsubordinated debt rating or
      counterparty rating from
      Moody’s of “A2” and a short-term unsecured and unsubordinated debt rating from
      Moody’s of “Prime-1”, or (ii) if such entity has
      only
      a long-term
      unsecured and unsubordinated debt rating or counterparty rating from Moody’s, a
      long-term unsecured and unsubordinated debt rating or counterparty rating from
      Moody’s of “A1”.

     

    “Moody’s
      Second Trigger Ratings Event”
means
      that no Relevant Entity has credit ratings from Moody’s at least equal to the
      Moody’s Second Trigger Rating Threshold. 

     

    “Moody’s
      Second Trigger Ratings Threshold”
means,
      with respect to Party A, the guarantor under an Eligible Guarantee or an
      Eligible Replacement, (i) if such entity has both
      a
      long-term unsecured and unsubordinated debt rating or counterparty rating from
      Moody’s and a
      short-term unsecured and unsubordinated debt rating from Moody’s, a long-term
      unsecured and unsubordinated debt rating or counterparty rating from Moody’s of
“A3” or
      a
      short-term unsecured and unsubordinated debt rating from Moody’s of “Prime-2”,
      or (ii) if such entity has
      only
      a long-term
      unsecured and unsubordinated debt
      rating
      or counterparty
      rating
      from Moody’s, a long-term unsecured and unsubordinated debt rating or
      counterparty rating from Moody’s of “A3”.

     

    “Permitted
      Transfer”
means
      a
      transfer by novation by Party A to a transferee (the “Transferee”) of all, but
      not less than all, of Party A’s rights, liabilities, duties and obligations
      under this Agreement, with respect to which transfer each of the following
      conditions is satisfied: (a) the Transferee is an Eligible Replacement that
      is a
      recognized dealer in interest rate swaps organized under the laws of the United
      States of America or a jurisdiction located in the United States of America
      (or
      another jurisdiction reasonably acceptable to Party B), (b) as of the date
      of
      such transfer the Transferee would not be required to withhold or deduct on
      account of Tax from any payments under this Agreement or would be required
      to
      gross up for such Tax under Section 2(d)(i)(4), (c) an Event of Default or
      Termination Event would not occur as a result of such transfer, (d) Party B
      has
      consented in writing to the transfer, such consent not to be unreasonably
      withheld, (e) pursuant to a written instrument (the “Transfer Agreement”), the
      Transferee acquires and assumes all rights and obligations of Party A under
      the
      Agreement and the relevant Transaction, (f) Party B shall have determined,
      in
      its sole discretion, acting in a commercially reasonable manner, that such
      Transfer Agreement is effective to transfer to the Transferee all, but not
      less
      than all, of Party A’s rights and obligations under the Agreement and all
      relevant Transactions; (g) Party A will be responsible for any costs or expenses
      incurred in connection with such transfer (including any replacement cost of
      entering into a replacement transaction); (h) either (A) Moody’s has been given
      prior written notice of such transfer and the Rating Agency Condition is
      satisfied with respect to S&P or (B) each Swap Rating Agency has been given
      prior written notice of such transfer and such transfer is in connection with
      the assignment and assumption of this Agreement without modification of its
      terms, other than party names, dates relevant to the effective date of such
      transfer, tax representations (provided that the representations in Part 2(a)(i)
      are not modified) and any other representations regarding the status of the
      substitute counterparty of the type included in Part 5(b)(iv), Part 5(v)(i)(2)
      or Part 5(v)(ii), notice information and account details; and (i) such transfer
      otherwise complies with the terms of the Pooling and Servicing
      Agreement.

     

    “Rating
      Agency Condition”
means,
      with respect to any particular proposed act or omission to act hereunder and
      each Swap Rating Agency specified in connection with such proposed act or
      omission, that the party acting or failing to act must consult with each of
      the
      specified Swap Rating Agencies and receive from each such Swap Rating Agency
      a
      prior written confirmation that the proposed action or inaction would not cause
      a downgrade or withdrawal of the then-current rating of any Certificates or
      Notes.

     

    “Relevant
      Entity”
means
      Party A and, to the extent applicable, a guarantor under an Eligible
      Guarantee.

     

    “Replacement
      Transaction”
means,
      with respect to any Terminated Transaction or group of Terminated Transactions,
      a transaction or group of transactions that (i) would have the effect of
      preserving for Party B the economic equivalent of any payment or delivery
      (whether the underlying obligation was absolute or contingent and assuming
      the
      satisfaction of each applicable condition precedent) by the parties under
      Section 2(a)(i) in respect of such Terminated Transaction or group of Terminated
      Transactions that would, but for the occurrence of the relevant Early
      Termination Date, have been required after that Date, and (ii) has terms which
      are substantially the same as this Agreement, including, without limitation,
      rating triggers, Regulation AB compliance, and credit support documentation,
      save for the exclusion of provisions relating to Transactions that are not
      Terminated Transaction, as determined by Party B in its sole discretion, acting
      in a commercially reasonable manner.

     

    “Required
      Ratings Downgrade Event”
shall
      have the meaning assigned thereto in Part 5(d).

     

    “Required
      Ratings Threshold”
means
      each of the S&P Required Ratings Threshold and the Moody’s Second Trigger
      Ratings Threshold.

     

    “S&P”
means
      Standard & Poor's Rating Services, a division of The McGraw-Hill Companies,
      Inc., or any successor thereto. 

     

    “S&P
      Approved Ratings Threshold”
means,
      with respect to Party A, the guarantor under an Eligible Guarantee or an
      Eligible Replacement, a short-term unsecured and unsubordinated debt rating
      from
      S&P of “A-1”, or, if such entity does not have a short-term unsecured and
      unsubordinated debt rating from S&P, a long-term unsecured and
      unsubordinated debt rating from S&P of “A+”.

     

    “S&P
      Required Ratings Downgrade Event”
means
      that no Relevant Entity has credit ratings at least equal to the S&P
      Required Ratings Threshold.

     

    “S&P
      Required Ratings Threshold”
means,
      with respect to Party A, the guarantor under an Eligible Guarantee or an
      Eligible Replacement, a long-term unsecured and unsubordinated debt rating
      from
      S&P of “BBB+”. 

     

    “Swap
      Rating Agencies”
means,
      with respect to any date of determination, each of S&P and Moody’s, to the
      extent that each such rating agency is then providing a rating for any of the
      Bear Stearns Asset Backed Securities I Trust 2006-AQ1, Asset-Backed
      Certificates, Series 2006-AQ1 (the “Certificates”) or any notes backed by the
      Certificates (the “Notes”).

     

     

    [Remainder
      of this page intentionally left blank.]

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    4. Account
      Details and Settlement Information:  

     

    

    Payments
      to Party A:           
  ABN
      AMRO
      Bank N.V., New York, ABNAUS33

    CHIPS
      007535

    ABA
      No.
      026009580

    A/C
      Name:
      ABN Amro Bank N.V., London

    A/C
      No.
      /661001036741

    Ref.
      DCM

    

     

    Payments
      to Party B:           
  LaSalle
      Bank

    ABA
      #071000505

    LaSalle
      CHGO/CTR/BNF:/LASALLE TRUST

    Ref
      Trust
      A/C# 724265.2

    

    This
      Agreement may be executed in several counterparts, each of which shall be deemed
      an original but all of which together shall constitute one and the same
      instrument.

    

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    

    We
      are
      very pleased to have executed this Transaction with you and we look forward
      to
      completing other transactions with you in the near future.

    

    Very
      truly yours,

    

    ABN
      AMRO
      Bank N.V.

    

    

    By: _______________________________  
By: _______________________________ 

    Name:                                                                                                
        Name:   

    Title:                                                                                                      Title:

     

     

    Party
      B,
      acting through its duly authorized signatory, hereby agrees to, accepts and
      confirms the terms of the foregoing as of the date hereof.

    

    LaSalle
      Bank National Association, not individually, but solely as Group I Supplemental
      Interest Trust Trustee on behalf of the Group I Supplemental Interest Trust
      with
      respect to the Bear Stearns Asset Backed Securities I Trust 2006-AQ1,
      Asset-Backed Certificates, Series 2006-AQ1  

    

    

    By: _______________________________
      

    Name: 

    Title:

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    

    SCHEDULE
      I

    (all
      such
      dates subject to No Adjustment with respect to Fixed Rate Payer Period End
      Dates
      and adjustment in accordance with the Following Business Day Convention with
      respect to Floating Rate Payer Period End Dates) 

    

    
      	
              From
                and including

            	
              To
                but excluding

            	
              Notional
                Amount (USD)

            
	
              Effective
                Date

            	
              12/25/2006

            	
              4,185,204.90

            
	
              12/25/2006

            	
              1/25/2007

            	
              4,131,008.80

            
	
              1/25/2007

            	
              2/25/2007

            	
              4,064,425.62

            
	
              2/25/2007

            	
              3/25/2007

            	
              3,985,561.81

            
	
              3/25/2007

            	
              4/25/2007

            	
              3,894,631.52

            
	
              4/25/2007

            	
              5/25/2007

            	
              3,791,960.01

            
	
              5/25/2007

            	
              6/25/2007

            	
              3,677,985.66

            
	
              6/25/2007

            	
              7/25/2007

            	
              3,553,260.64

            
	
              7/25/2007

            	
              8/25/2007

            	
              3,418,453.15

            
	
              8/25/2007

            	
              9/25/2007

            	
              3,274,431.13

            
	
              9/25/2007

            	
              10/25/2007

            	
              3,133,262.58

            
	
              10/25/2007

            	
              11/25/2007

            	
              2,998,326.43

            
	
              11/25/2007

            	
              12/25/2007

            	
              2,869,342.46

            
	
              12/25/2007

            	
              1/25/2008

            	
              2,746,043.17

            
	
              1/25/2008

            	
              2/25/2008

            	
              2,628,173.29

            
	
              2/25/2008

            	
              3/25/2008

            	
              2,515,489.15

            
	
              3/25/2008

            	
              4/25/2008

            	
              2,407,758.17

            
	
              4/25/2008

            	
              5/25/2008

            	
              2,304,758.36

            
	
              5/25/2008

            	
              6/25/2008

            	
              2,206,277.81

            
	
              6/25/2008

            	
              7/25/2008

            	
              2,112,114.25

            
	
              7/25/2008

            	
              8/25/2008

            	
              2,022,074.59

            
	
              8/25/2008

            	
              9/25/2008

            	
              1,935,974.53

            
	
              9/25/2008

            	
              10/25/2008

            	
              1,853,733.43

            
	
              10/25/2008

            	
              11/25/2008

            	
              1,775,117.02

            
	
              11/25/2008

            	
              12/25/2008

            	
              1,699,924.55

            
	
              12/25/2008

            	
              1/25/2009

            	
              1,628,003.68

            
	
              1/25/2009

            	
              2/25/2009

            	
              1,559,208.99

            
	
              2/25/2009

            	
              3/25/2009

            	
              1,493,401.61

            
	
              3/25/2009

            	
              4/25/2009

            	
              1,430,463.37

            
	
              4/25/2009

            	
              5/25/2009

            	
              1,370,260.82

            
	
              5/25/2009

            	
              6/25/2009

            	
              1,312,663.48

            
	
              6/25/2009

            	
              7/25/2009

            	
              1,257,556.03

            
	
              7/25/2009

            	
              8/25/2009

            	
              1,204,828.34

            
	
              8/25/2009

            	
              9/25/2009

            	
              1,154,375.24

            
	
              9/25/2009

            	
              10/25/2009

            	
              1,106,120.79

            
	
              10/25/2009

            	
              11/25/2009

            	
              1,059,955.69

            
	
              11/25/2009

            	
              12/25/2009

            	
              1,015,773.95

            
	
              12/25/2009

            	
              1/25/2010

            	
              973,488.30

            
	
              1/25/2010

            	
              2/25/2010

            	
              933,015.36

            
	
              2/25/2010

            	
              3/25/2010

            	
              894,275.51

            
	
              3/25/2010

            	
              4/25/2010

            	
              857,195.39

            
	
              4/25/2010

            	
              5/25/2010

            	
              821,701.60

            
	
              5/25/2010

            	
              6/25/2010

            	
              787,722.33

            
	
              6/25/2010

            	
              7/25/2010

            	
              755,191.30

            
	
              7/25/2010

            	
              8/25/2010

            	
              724,045.18

            
	
              8/25/2010

            	
              9/25/2010

            	
              694,223.48

            
	
              9/25/2010

            	
              10/25/2010

            	
              665,669.39

            
	
              10/25/2010

            	
              11/25/2010

            	
              324,268.08

            
	
              11/25/2010

            	
              12/25/2010

            	
              134,154.89

            
	
              12/25/2010

            	
              1/25/2011

            	
              128,908.07

            
	
              1/25/2011

            	
              2/25/2011

            	
              123,874.13

            
	
              2/25/2011

            	
              3/25/2011

            	
              119,044.14

            
	
              3/25/2011

            	
              4/25/2011

            	
              114,409.53

            
	
              4/25/2011

            	
              5/25/2011

            	
              109,962.14

            
	
              5/25/2011

            	
              6/25/2011

            	
              105,694.13

            
	
              6/25/2011

            	
              7/25/2011

            	
              101,598.01

            
	
              7/25/2011

            	
              8/25/2011

            	
              97,666.60

            
	
              8/25/2011

            	
              9/25/2011

            	
              93,893.05

            
	
              9/25/2011

            	
              10/25/2011

            	
              90,266.01

            
	
              10/25/2011

            	
              Termination
                Date

            	
              86,778.22

            

    

    

    

      
        
          
          

        

        
          
          

          
            

          

        

        
          
          

        

      

    Annex
      A

    

    Paragraph
      13 of the Credit Support Annex

    ANNEX
      A

    

    ISDA®

    CREDIT
      SUPPORT ANNEX

    to
      the
      Schedule to the

    ISDA
      Master Agreement

    dated
      as
      of November 30, 2006 between

    ABN
      AMRO
      Bank N.V. (hereinafter referred to as “Party
      A”
      or
“Pledgor”)

    and

    LaSalle
      Bank National Association, not individually, but solely as trustee (the “Group I
      Supplemental Interest Trust Trustee”) on behalf of the supplemental interest
      trust with respect to the Bear Stearns Asset Backed Securities I Trust 2006-AQ1,
      Asset-Backed Certificates, Series 2006-AQ1 (the “Group I Supplemental Interest
      Trust”) 

    (hereinafter
      referred to as “Party
      B”
      or
“Secured
      Party”).

    

    For
      the
      avoidance of doubt, and notwithstanding anything to the contrary that may be
      contained in the Agreement, this Credit Support Annex shall relate solely to
      the
      Transaction documented in the Confirmation dated November 30, 2006, between
      Party A and Party B, Reference Number 4260073.

    

    Paragraph
      13. Elections and Variables.

     

    
      	(a)  	
              Security
                Interest for “Obligations”.
                The term “Obligations” as used in this Annex includes the following
                additional obligations:

            

    

     

    With
      respect to Party A: not applicable.

     

    With
      respect to Party B: not applicable.

     

    
      	(b)  	
              Credit
                Support Obligations.

            

    

     

    
      	(i)  	
              Delivery
                Amount, Return Amount and Credit Support Amount.

            

    

     

    
      	(A)  	
              “Delivery
                Amount”
                has the meaning specified in Paragraph 3(a) as amended (I) by deleting
                the
                words “upon a demand made by the Secured Party on or promptly following
                a
                Valuation Date” and inserting in lieu thereof the words “not later than
                the close of business on each Valuation Date” and (II) by deleting in its
                entirety the sentence beginning “Unless otherwise specified in Paragraph
                13” and ending “(ii) the Value as of that Valuation Date of all Posted
                Credit Support held by the Secured Party.” and inserting in lieu thereof
                the following:

            

    

     

    The
      “Delivery
      Amount”
      applicable to the Pledgor for any Valuation Date will equal the greatest of
      

     

    
      	(1)  	
              the
                amount by which (a) the S&P Credit Support Amount for such Valuation
                Date exceeds (b) the S&P Value as of such Valuation Date of all Posted
                Credit Support held by the Secured Party,

            

    

     

    
      	(2)  	
              the
                amount by which (a) the Moody’s First Trigger Credit Support Amount for
                such Valuation Date exceeds (b) the Moody’s First Trigger Value as of such
                Valuation Date of all Posted Credit Support held by the Secured Party,
                and

            

    

     

    
      	(3)  	
              the
                amount by which (a) the Moody’s Second Trigger Credit Support Amount for
                such Valuation Date exceeds (b) the Moody’s Second Trigger Value as of
                such Valuation Date of all Posted Credit Support held by the Secured
                Party.

            

    

     

    
      	(B)  	
              “Return
                Amount”
                has the meaning specified in Paragraph 3(b) as amended by deleting
                in its
                entirety the sentence beginning “Unless otherwise specified in Paragraph
                13” and ending “(ii) the Credit Support Amount.” and inserting in lieu
                thereof the following:

            

    

     

    The
      “Return
      Amount”
      applicable to the Secured Party for any Valuation Date will equal the least
      of

     

    
      	(1)  	
              the
                amount by which (a) the S&P Value as of such Valuation Date of all
                Posted Credit Support held by the Secured Party exceeds (b) the S&P
                Credit Support Amount for such Valuation Date,

            

    

     

    
      	(2)  	
              the
                amount by which (a) the Moody’s First Trigger Value as of such Valuation
                Date of all Posted Credit Support held by the Secured Party exceeds
                (b)
                the Moody’s First Trigger Credit Support Amount for such Valuation Date,
                and

            

    

     

    
      	(3)  	
              the
                amount by which (a) the Moody’s Second Trigger Value as of such Valuation
                Date of all Posted Credit Support held by the Secured Party exceeds
                (b)
                the Moody’s Second Trigger Credit Support Amount for such Valuation
                Date.

            

    

     

    
      	(C)  	
              “Credit
                Support Amount”
                shall not apply. For purposes of calculating any Delivery Amount
                or Return
                Amount for any Valuation Date, reference shall be made to the S&P
                Credit Support Amount, the Moody’s First Trigger Credit Support Amount, or
                the Moody’s Second Trigger Credit Support Amount, in each case for such
                Valuation Date, as provided in Paragraphs 13(b)(i)(A) and 13(b)(i)(B),
                above.

            

    

     

    
      	(ii)  	
              Eligible
                Collateral.
                

            

    

     

    On
      any
      date, the following items will qualify as “Eligible
      Collateral”
(for
      the avoidance of doubt, all Eligible Collateral to be denominated in
      USD):

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

     

     

    
      	
               

              Collateral
                

            	
              S&P

              Valuation
                

              Percentage

            	
              Moody’s
                First Trigger Valuation
                Percentage

            	
              Moody’s
                Second Trigger Valuation
                Percentage

            
	 	 	 	 
	
              Cash

            	
              100%

            	
              100%

            	
              100%

            
	 	 	 	 
	
              Fixed-rate
                negotiable debt obligations issued by the U.S. Treasury Department
                having
                a remaining maturity on such date of not more than one
                year

            	
              98.5%

            	
              100%

            	
              100%

            
	 	 	 	 
	
              Fixed-rate
                negotiable debt obligations issued by the U.S. Treasury Department
                having
                a remaining maturity on such date of more than one year but not more
                than
                ten years

            	
              89.9%

            	
              100%

            	
              94%

            
	 	 	 	 
	
              Fixed-rate
                negotiable debt obligations issued by the U.S. Treasury Department
                having
                a remaining maturity on such date of more than ten years

            	
              83.9%

            	
              100%

            	
              87%

            

    

    

    
      	(iii)  	
              Other
                Eligible Support.
                

            

    

     

    The
      following items will qualify as “Other
      Eligible Support”
      for the
      party specified: 

     

    Not
      applicable.

     

    
      	(iv)  	
              Threshold.

            

    

     

    
      	(A)  	
              “Independent
                Amount”
                means zero with respect to Party A and Party
                B.

            

    

     

    
      	(B)  	
              “Threshold”
                means, with respect to Party A and any Valuation Date, zero if (i)
                a
                Collateral Event has occurred and has been continuing (x) for at
                least 30
                days or (y) since this Annex was executed, or (ii) a S&P Required
                Ratings Downgrade Event has occurred and is continuing; otherwise,
                infinity.

            

    

     

    “Threshold”
means,
      with respect to Party B and any Valuation Date, infinity.

     

    
      	(C)  	
              “Minimum
                Transfer Amount”
                means USD 100,000 with respect to Party A and Party B; provided,
                however,
                that if the aggregate Certificate Principal Balance and note principal
                balance of Certificates and Notes rated by S&P ceases to be more than
                USD 50,000,000, the “Minimum
                Transfer Amount”
                shall be USD 50,000.

            

    

     

    
      	(D) 	
              Rounding:
                The Delivery Amount will be rounded up to the nearest integral multiple
                of
                USD 10,000; provided, however, that if S&P is rating the Certificates,
                the Delivery Amount will be rounded up to the nearest integral multiple
                of
                $1,000. The Return Amount will be rounded down to the nearest integral
                multiple of USD 10,000; provided, however, that if S&P is rating the
                Certificates, the Return Amount will be rounded down to the nearest
                integral multiple of $1,000.

            

    

     

    
      	(c)  	
                       
                Valuation and Timing.

            

    

     

    
      	(i)  	
              “Valuation
                Agent”
                means Party A; provided, however, that if an Event of Default shall
                have
                occurred with respect to which Party A is the Defaulting Party, Party
                B
                shall have the right to designate as Valuation Agent an independent
                party,
                reasonably acceptable to Party A, the cost for which shall be borne
                by
                Party A. 

            

    

     

    
      	(ii)  	
              “Valuation
                Date”
                means the first Local Business Day in each week on which any of the
                S&P Credit Support Amount, the Moody’s First Trigger Credit Support
                Amount or the Moody’s Second Trigger Credit Support Amount is greater than
                zero.

            

    

     

    
      	(iii)  	
              “Valuation
                Time”
                means the close of business in the city of the Valuation Agent on
                the
                Local Business Day immediately preceding the Valuation Date or date
                of
                calculation, as applicable; provided that the calculations of Value
                and
                Exposure will be made as of approximately the same time on the same
                date.
                

            

    

     

    
      	(iv)  	
              “Notification
                Time”
                means 11:00 a.m., New York time, on a Local Business Day.
                

            

    

     

    
      	(v)  	
              External
                Verification.
                Notwithstanding anything to the contrary in the definitions of Valuation
                Agent or Valuation Date, at any time at which Party A (or, to the
                extent
                applicable, its Credit Support Provider) does not have a long-term
                unsubordinated and unsecured debt rating of at least “BBB+” from S&P,
                the Valuation Agent shall (A) calculate the Secured Party’s Exposure and
                the S&P Value of Posted Credit Suppport on each Valuation Date based
                on internal marks and (B) verify such calculations with external
                marks
                monthly by obtaining on the last Local Business Day of each calendar
                month
                two external marks for each Transaction to which this Annex relates
                and
                for all Posted Credit Suport; such verification of the Secured Party’s
                Exposure shall be based on the higher of the two external marks.
                Each
                external mark in respect of a Transaction shall be obtained from
                an
                independent Reference Market-maker that would be eligible and willing
                to
                enter into such Transaction in the absence of the current derivative
                provider, provided that an external mark may not be obtained from
                the same
                Reference Market-maker more than four times in any 12-month period.
                The
                Valuation Agent shall obtain these external marks directly or through
                an
                independent third party, in either case at no cost to Party B. The
                Valuation Agent shall calculate on each Valuation Date (for purposes
                of
                this paragraph, the last Local Business Day in each calendar month
                referred to above shall be considered a Valuation Date) the Secured
                Party’s Exposure based on the greater of the Valuation Agent’s internal
                marks and the external marks received. If the S&P Value on any such
                Valuation Date of all Posted Credit Support then held by the Secured
                Party
                is less than the S&P Credit Support Amount on such Valuation Date (in
                each case as determined pursuant to this paragraph), Party A shall,
                within
                three Local Business Days of such Valuation Date, Transfer to the
                Secured
                Party Eligible Credit Support having an S&P Value as of the date of
                Transfer at least equal to such deficiency.

            

    

     

    
      	(vi)  	
              Notice
                to S&P.
                At any time at which Party A (or, to the extent applicable, its Credit
                Support Provider) does not have a long-term unsubordinated and unsecured
                debt rating of at least “BBB+” from S&P, the Valuation Agent shall
                provide to S&P not later than the Notification Time on the Local
                Business Day following each Valuation Date its calculations of the
                Secured
                Party’s Exposure and the S&P Value of any Eligible Credit Support or
                Posted Credit Support for that Valuation Date. The Valuation Agent
                shall
                also provide to S&P any external marks received pursuant to the
                preceding paragraph.

            

    

     

    
      	(d)  	
              Conditions
                Precedent and Secured Party’s Rights and
                Remedies.
                None.

            

    

     

    
      	(e)  	
              Substitution.

            

    

     

    
      	(i)  	
              “Substitution
                Date”
                has the meaning specified in Paragraph
                4(d)(ii).

            

    

     

    
      	(ii)  	
              Consent.
                If specified here as applicable, then the Pledgor must obtain the
                Secured
                Party’s consent for any substitution pursuant to Paragraph 4(d):
                Inapplicable.

            

    

     

    
      	(f)  	
              Dispute
                Resolution.

            

    

     

    
      	(i)  	
              “Resolution
                Time”
                means 1:00 p.m. New York time on the Local Business Day following
                the date
                on which the notice of the dispute is given under Paragraph
                5.

            

    

     

    
      	(ii)  	
              Value.
                Notwithstanding anything to the contrary in Paragraph 12, for the
                purpose
                of Paragraphs 5(i)(C) and 5(ii), the S&P Value, Moody’s First Trigger
                Value, and Moody’s Second Trigger Value, on any date, of Eligible
                Collateral other than Cash will be calculated as follows:
                

            

    

     

    For
      Eligible Collateral in the form of securities listed in Paragraph 13(b)(ii):
      the
      sum of (A) the product of (1)(x) the bid price at the Valuation Time for such
      securities on the principal national securities exchange on which such
      securities are listed, or (y) if such securities are not listed on a national
      securities exchange, the bid price for such securities quoted at the Valuation
      Time by any principal market maker for such securities selected by the Valuation
      Agent, or (z) if no such bid price is listed or quoted for such date, the bid
      price listed or quoted (as the case may be) at the Valuation Time for the day
      next preceding such date on which such prices were available and (2) the
      applicable Valuation Percentage for such Eligible Collateral, and (B) the
      accrued interest on such securities (except to the extent Transferred to the
      Pledgor pursuant to Paragraph 6(d)(ii) or included in the applicable price
      referred to in the immediately preceding clause (A)) as of such
      date.

     

    
      	(iii)  	
              Alternative.
                The provisions of Paragraph 5 will
                apply.

            

    

     

    
      	(g)  	
              Holding
                and Using Posted Collateral.

            

    

     

    
      	(i)  	
              Eligibility
                to Hold Posted Collateral; Custodians.
                

            

    

     

    A
      Custodian will be entitled to hold Posted Collateral on behalf of Party B
      pursuant to Paragraph 6(b); provided that:

     

    
      	(1)  	
              Party
                B may appoint as Custodian (A) the entity then serving as Group I
                Supplemental Interest Trust Trustee or (B) any entity other than
                the
                entity then serving as Group I Supplemental Interest Trust Trustee
                if such
                other entity (or, to the extent applicable, its parent company or
                credit
                support provider) shall then have a short-term unsecured and
                unsubordinated debt rating from S&P of at least
                “A-1.”

            

    

     

    
      	(2)  	
              Posted
                Collateral may be held only in the following jurisdiction: United
                States.

            

    

     

    Initially,
      the Custodian for Party B is: The Group I Supplemental Interest Trust
      Trustee. 

     

    
      	(ii)  	
              Use
                of Posted Collateral.
                The provisions of Paragraph 6(c)(i) will not apply to Party B, but
                the
                provisions of Paragraph 6(c)(ii) will apply to Party B.
                

            

    

     

    
      	(iii)  	
              Notice.
                If a party or its Custodian fails to meet the criteria for eligibility
                to
                hold (or, in the case of a party, to use) Posted Collateral set forth
                in
                this Paragraph 13(g), such party shall promptly notify the other
                party of
                such ineligibility.

            

    

     

    
      	(h)  	
              Distributions
                and Interest Amount.

            

    

     

    
      	(i)  	
              Interest
                Rate.
                The “Interest Rate” will be the actual interest rate earned on Posted
                Collateral in the form of Cash that is held by Party B or its
                Custodian.

            

    

     

    
      	(ii)  	
              Transfer
                of Interest Amount.
                The Transfer of the Interest Amount will be made on the second Local
                Business Day following the end of each calendar month and on any
                other
                Local Business Day on which Posted Collateral in the form of Cash
                is
                Transferred to the Pledgor pursuant to Paragraph 3(b); provided,
                however,
                that the obligation of Party B to Transfer any Interest Amount to
                Party A
                shall be limited to the extent that Party B has earned and received
                such
                funds and such funds are available to Party B.

            

    

     

    
      	(iii)  	
              Alternative
                to Interest Amount.
                The provisions of Paragraph 6(d)(ii) will
                apply.

            

    

     

    
      	(i)  	
              Additional
                Representation(s).
                There are no additional representations by either
                party.

            

    

     

    
      	(j)  	
              Other
                Eligible Support and Other Posted Support.

            

    

     

    “Value”
with
      respect to Other Eligible Support and Other Posted Support means: not
      applicable. 

     

    “Transfer”
with
      respect to Other Eligible Support and Other Posted Support means: not
      applicable.

     

    
      	(k)  	
              Demands
                and Notices.
                All demands, specifications and notices under this Annex will be
                made
                pursuant to the Notices Section of this Agreement, except that any
                demand,
                specification or notice shall be given to or made at the following
                addresses, or at such other address as the relevant party may from
                time to
                time designate by giving notice (in accordance with the terms of
                this
                paragraph) to the other party:

            

    

     

    If
      to
      Party A:

     

    ABN
      AMRO
      Bank N.V.

    199
      Bishopsgate

    London
      EC2M 3XW

    Tel:
      +44
      (0)171-392 3581

    Fax:
      +44
      (0)171-678 4040

    Attn:
      Global Collateral Management

    

    If
      to
      Party B, at the address specified pursuant to the Notices Section of this
      Agreement.

     

    If
      to
      Party B’s Custodian:   

    LaSalle
      Bank

    ABA
      #071000505

    LaSalle
      CHGO/CTR/BNF:/LASALLE TRUST

    Ref
      Trust
      A/C# 724265.8

    

    
      	(l)  	
              Address
                for Transfers.
                Each Transfer hereunder shall be made to the address specified below
                or to
                an address specified in writing from time to time by the party to
                which
                such Transfer will be made.

            

    

     

    Party
      A:
      To be notified to Party B by Party A at the time of the request for the
      transfer.

     

    Party
      B:
      To be notified to Party A by Party B upon request by Party A. 

     

    
      	(m)  	
              Other
                Provisions.

            

    

     

    
      	(i)  	
              Collateral
                Account.
                Party B shall open and maintain a segregated account, which shall
                be an
                Eligible Account, and hold, record and identify all Posted Collateral
                in
                such segregated account.

            

    

     

    
      	(ii)  	
              Agreement as
                to Single Secured Party and Single Pledgor.
                Party A and Party B hereby agree that, notwithstanding anything to
                the
                contrary in this Annex, (a) the term “Secured Party” as used in this Annex
                means only Party B, (b) the term “Pledgor” as used in this Annex means
                only Party A, (c) only Party A makes the pledge and grant in Paragraph
                2,
                the acknowledgement in the final sentence of Paragraph 8(a) and the
                representations in Paragraph 9.

            

    

     

    
      	(iii)  	
              Calculation
                of Value.
                Paragraph 4(c) is hereby amended by deleting the word “Value” and
                inserting in lieu thereof “S&P Value, Moody’s First Trigger Value,
                Moody’s Second Trigger Value”. Paragraph 4(d)(ii) is hereby amended by (A)
                deleting the words “a Value” and inserting in lieu thereof “an S&P
                Value, Moody’s First Trigger Value, and Moody’s Second Trigger Value” and
                (B) deleting the words “the Value” and inserting in lieu thereof “S&P
                Value, Moody’s First Trigger Value, and Moody’s Second Trigger Value”.
                Paragraph 5 (flush language) is hereby amended by deleting the word
                “Value” and inserting in lieu thereof “S&P Value, Moody’s First
                Trigger Value, or Moody’s Second Trigger Value”. Paragraph 5(i) (flush
                language) is hereby amended by deleting the word “Value” and inserting in
                lieu thereof “S&P Value, Moody’s First Trigger Value, and Moody’s
                Second Trigger Value”. Paragraph 5(i)(C) is hereby amended by deleting the
                word “the Value, if” and inserting in lieu thereof “any one or more of the
                S&P Value, Moody’s First Trigger Value, or Moody’s Second Trigger
                Value, as may be”. Paragraph 5(ii) is hereby amended by (1) deleting the
                first instance of the words “the Value” and inserting in lieu thereof “any
                one or more of the S&P Value, Moody’s First Trigger Value, or Moody’s
                Second Trigger Value” and (2) deleting the second instance of the words
                “the Value” and inserting in lieu thereof “such disputed S&P Value,
                Moody’s First Trigger Value, or Moody’s Second Trigger Value”. Each of
                Paragraph 8(b)(iv)(B) and Paragraph 11(a) is hereby amended by deleting
                the word “Value” and inserting in lieu thereof “least of the S&P
                Value, Moody’s First Trigger Value, and Moody’s Second Trigger Value”.
                

            

    

     

    
      	(iv)  	
              Form
                of Annex.
                Party A and Party B hereby agree that the text of Paragraphs 1 through
                12,
                inclusive, of this Annex is intended to be the printed form of ISDA
                Credit
                Support Annex (Bilateral Form - ISDA Agreements Subject to New York
                Law
                Only version) as published and copyrighted in 1994 by the International
                Swaps and Derivatives Association,
                Inc.

            

    

     

    
      	(v)  	
              Events
                of Default.
                Paragraph 7 will not apply to cause any Event of Default to exist
                with
                respect to Party B except that Paragraph 7(i) will apply to Party
                B solely
                in respect of Party B’s obligations under Paragraph 3(b) of the Credit
                Support Annex. Notwithstanding anything to the contrary in Paragraph
                7,
                any failure by Party A to comply with or perform any obligation to
                be
                complied with or performed by Party A under the Credit Support Annex
                shall
                only be an Event of Default if (A) either (i) a Moody’s Second Trigger
                Ratings Event has occurred and been continuing for 30 or more Local
                Business Days, or (ii) a S&P Required Ratings Downgrade Event has
                occurred and been continuing for 30 or more Local Business Days,
                and (B)
                such failure is not remedied on or before the third Local Business
                Day
                after notice of such failure is given to Party
                A.

            

    

     

    
      	(vi)  	
              Expenses.
                Notwithstanding anything to the contrary in Paragraph 10, the Pledgor
                will
                be responsible for, and will reimburse the Secured Party for, all
                transfer
                and other taxes and other costs involved in any Transfer of Eligible
                Collateral.

            

    

     

    
      	(vii)  	
              Withholding.
                Paragraph 6(d)(ii) is hereby amended by inserting immediately after
“the
                Interest Amount” in the fourth line thereof the words “less any applicable
                withholding taxes.”

            

    

     

    
      	(viii)  	
              Notice
                of Failure to Post Collateral.
                Upon any failure by Party A to post collateral as required under
                this
                Agreement, Party B shall, no later than the next Business Day after
                the
                date such collateral was required to be posted, give a written notice
                of
                such failure to Party A and to Depositor. For the avoidance of doubt,
                notwithstanding anything in this Agreement to the contrary, the failure
                of
                Party B to comply with the requirements of this paragraph shall not
                constitute an Event of Default or Termination Event.
                

            

    

     

    
      	(ix)  	
              Additional
                Definitions.
                As used in this Annex:

            

    

     

    “Collateral
      Event” means
      that no Relevant Entity has credit ratings at least equal to the Approved
      Ratings Threshold.

     

    “DV01”
      means,
      with respect to a Transaction and any date of determination, the estimated
      change in the Secured Party’s Transaction Exposure with respect to such
      Transaction that would result from a one basis point change in the relevant
      swap
      curve on such date, as determined by the Valuation Agent in good faith and
      in a
      commercially reasonable manner. The Valuation Agent shall, upon request of
      Party
      B, provide to Party B a statement showing in reasonable detail such
      calculation.

     

    “Exposure”
      has the
      meaning specified in Paragraph 12, except that after the word “Agreement” the
      words “(assuming, for this purpose only, that Part 1(f) of the Schedule is
      deleted)” shall be inserted. 

     

    “Local
      Business Day”
means:
      any day on which (A) commercial banks are open for business (including dealings
      in foreign exchange and foreign currency deposits) in New York and the location
      of Party A, Party B and any Custodian, and (B) in relation to a Transfer of
      Eligible Collateral, any day on which the clearance system agreed between the
      parties for the delivery of Eligible Collateral is open for acceptance and
      execution of settlement instructions (or in the case of a Transfer of Cash
      or
      other Eligible Collateral for which delivery is contemplated by other means
      a
      day on which commercial banks are open for business (including dealings in
      foreign exchange and foreign deposits) in New York and the location of Party
      A,
      Party B and any Custodian. 

     

    “Moody’s
      First Trigger Event” means
      that no Relevant Entity has credit ratings from Moody’s at least equal to the
      Moody’s First Trigger Ratings Threshold.

     

    “Moody’s
      First Trigger Credit Support Amount” means,
      for any Valuation Date, the excess, if any, of

     

    
      	 	
              (I)

            	
              (A)

            	
              for
                any Valuation Date on which (I) a Moody’s First Trigger Event has occurred
                and has been continuing (x) for at least 30 Local Business Days or
                (y)
                since this Annex was executed and (II) it is not the case that a
                Moody’s
                Second Trigger Event has occurred and been continuing for at least
                30
                Local Business Days, an amount equal to the greater of (a) zero and
                (b)
                the sum of (i) the Secured Party’s Exposure for such Valuation Date and
                (ii) the sum, for each Transaction to which this Annex relates, of
                the
                lesser of (x) the product of the Moody’s First Trigger DV01 Multiplier and
                DV01 for such Transaction and such Valuation Date and (y) the product
                of
                Moody’s First Trigger Notional Amount Multiplier and the Notional Amount
                for such Transaction for the Calculation Period which includes such
                Valuation Date; or
                

            

    

     

    
      	 	
              (B)

            	
              for
                any other Valuation Date, zero,
                over

            

    

     

    (II) the
      Threshold for Party A such Valuation Date.

     

    “Moody’s
      First Trigger DV01 Multiplier”
means
      25.

     

    “Moody’s
      First Trigger Value”
means,
      on any date and with respect to any Eligible Collateral other than Cash, the
      bid
      price obtained by the Valuation Agent multiplied by the Moody’s First Trigger
      Valuation Percentage for such Eligible Collateral set forth in Paragraph
      13(b)(ii).

     

    “Moody’s
      First Trigger Notional Amount Multiplier”
means
      4%.

     

    “Moody’s
      Second Trigger Event”
means
      that no Relevant Entity has credit ratings from Moody’s at least equal to the
      Moody’s Second Trigger Ratings Threshold.

     

    “Moody’s
      Second Trigger Credit Support Amount”
means,
      for any Valuation Date, the excess, if any, of

     

    
      	 	
              (I)

            	
              (A)

            	
              for
                any Valuation Date on which it is the case that a Moody’s Second Trigger
                Event has occurred and been continuing for at least 30 Local Business
                Days, an amount equal to the greatest of (a) zero, (b) the aggregate
                amount of the next payment due to be paid by Party A under each
                Transaction to which this Annex relates, and (c) the sum of (x) the
                Secured Party’s Exposure for such Valuation Date and (y) the sum, for each
                Transaction to which this Annex relates, of

            

    

     

    (1)
      if
      such Transaction is not a Transaction-Specific Hedge, the lesser of (i) the
      product of the Moody’s Second Trigger DV01 Multiplier and DV01 for such
      Transaction and such Valuation Date and (ii) the product of the Moody’s Second
      Trigger Notional Amount Multiplier and the Notional Amount for such Transaction
      for the Calculation Period which includes such Valuation Date;
      or

     

    (2)
      if
      such Transaction is a Transaction-Specific Hedge, the lesser of (i) the product
      of the Moody’s Second Trigger Transaction-Specific Hedge DV01 Multiplier and
      DV01 for such Transaction and such Valuation Date and (ii) the product of the
      Moody’s Second Trigger Transaction-Specific Hedge Notional Amount Multiplier and
      the Notional Amount for such Transaction for the Calculation Period which
      includes such Valuation Date; or 

     

    
      	 	
              (B)

            	
              for
                any other Valuation Date, zero,
                over

            

    

     

    (II) the
      Threshold for Party A for such Valuation Date.

     

    “Moody’s
      Second Trigger DV01 Multiplier”
means
      60.

     

    “Moody’s
      Second Trigger Transaction-Specific Hedge DV01
      Multiplier”
means
      75.

     

    “Moody’s
      Second Trigger Transaction-Specific Hedge Notional Amount
      Multiplier”
means
      11%.

     

    “Moody’s
      Second Trigger Value”
means,
      on any date and with respect to any Eligible Collateral other than Cash, the
      bid
      price obtained by the Valuation Agent multiplied by the Moody’s Second Trigger
      Valuation Percentage for such Eligible Collateral set forth in Paragraph
      13(b)(ii).

     

    “Moody’s
      Second Trigger Notional Amount Multiplier”
means
      9%.

     

    “S&P
      Credit Support Amount”
means,
      for any Valuation Date, the excess, if any, of

     

    
      	 	
              (I)

            	
              (A)
                

            	
              for
                any Valuation Date on which (i) an S&P Rating Threshold Event has
                occurred and been continuing for at least 30 days, or (ii) a S&P
                Required Ratings Downgrade Event has occurred and is continuing,
                an amount
                equal to the sum of (1) 100.0% of the Secured Party’s Exposure for such
                Valuation Date and (2) the sum, for each Transaction to which this
                Annex
                relates, of the product of the Volatility Buffer for such Transaction
                and
                the Notional Amount of such Transaction for the Calculation Period
                of such
                Transaction which includes such Valuation Date, or
                

            

    

     

    
      	 	
              (B)

            	
              for
                any other Valuation Date, zero,
                over

            

    

     

    (II)        
       the
      Threshold for Party A for such Valuation Date.

     

    “S&P
      Rating Threshold Event”
means,
      on any date, no Relevant Entity has credit ratings from S&P which equal or
      exceed the S&P Approved Ratings Threshold.

     

    “S&P
      Value”
means,
      on any date and with respect to any Eligible Collateral other than Cash, the
      product of (A) the bid price obtained by the Valuation Agent for such Eligible
      Collateral and (B) the S&P Valuation Percentage for such Eligible Collateral
      set forth in paragraph 13(b)(ii).

     

    “Transaction
      Exposure”
means,
      for any Transaction, Exposure determined as if such Transaction were the only
      Transaction between the Secured Party and the Pledgor.

     

    “Transaction-Specific
      Hedge”
means
      any Transaction that is an interest rate cap, interest rate floor or interest
      rate swaption, or an interest rate swap if (x) the notional amount of the
      interest rate swap is “balance guaranteed” or (y) the notional amount of the
      interest rate swap for any Calculation Period otherwise is not a specific dollar
      amount that is fixed at the inception of the Transaction.

     

    “Valuation
      Percentage”
shall
      mean, for purposes of determining the S&P Value, Moody’s First Trigger
      Value, or Moody’s Second Trigger Value with respect to any Eligible Collateral
      or Posted Collateral, the applicable S&P Valuation Percentage, Moody’s First
      Trigger Valuation Percentage, or Moody’s Second Trigger Valuation Percentage for
      such Eligible Collateral or Posted Collateral, respectively, in each case as
      set
      forth in Paragraph 13(b)(ii).

     

    “Value”
shall
      mean, in respect of any date, the related S&P Value, the related Moody’s
      First Trigger Value, and the related Moody’s Second Trigger Value.

     

    “Volatility
      Buffer”
means,
      for any Transaction, the related percentage set forth in the following table.
      

     

    
      	
              The
                higher of the S&P short-term credit rating of (i) Party A and (ii) the
                Credit Support Provider of Party A, if applicable

            	
              Remaining
                Weighted Average Maturity 

              up
                to 3 years

            	
              Remaining
                Weighted Average Maturity

              up
                to 5 years

            	
              Remaining
                Weighted Average Maturity

              up
                to 10 years

            	
              Remaining
                Weighted Average Maturity

              up
                to 30 years

            
	
              At
                least “A-2”

            	
              2.75%

            	
              3.25%

            	
              4.00%

            	
              4.75%

            
	
              “A-3”

            	
              3.25%

            	
              4.00%

            	
              5.00%

            	
              6.25%

            
	
              “BB+”
                or
                lower

            	
              3.50%

            	
              4.50%

            	
              6.75%

            	
              7.50%

            

    

     

     

    [Remainder
      of this page intentionally left blank]

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    IN
      WITNESS WHEREOF, the parties have executed this Annex by their duly authorized
      representatives as of the date of the Agreement.

     

    
      	
              ABN
                AMRO Bank N.V.

            	
              LaSalle
                Bank National Association, not individually, but solely as Group
                I
                Supplemental Interest Trust Trustee on behalf of the Group I Supplemental
                Interest Trust with respect to the Bear Stearns Asset Backed Securities
                I
                Trust 2006-AQ1, Asset-Backed Certificates, Series 2006-AQ1
                

            
	
              By: _____________________________

              Name
                

              Title:
                

              Date:
                

               

               

              By: _____________________________

              Name
                

              Title:
                

              Date:
                

               

               

               

            	
              
                By: _____________________________

                Name
                  

                Title:
                  

                Date:
                  

              

            

    

    

    

      
        
          
          

        

        
          
          

          
            

          

        

        
          
          

        

      

    Annex
      B

    

    Item
      1115 Agreement

    

    ITEM
      1115
      AGREEMENT

     

    Item
      1115
      Agreement (this “Agreement”), dated as of November 22, 2006, among EMC Mortgage
      Corporation (the “Sponsor”), Bear Stearns Asset Backed Securities I LLC and
      Structured Asset Mortgage Investments II Inc. (each, as applicable, the
“Depositor”) and ABN AMRO Bank N.V. (the “Derivative Provider”).

     

    RECITALS

     

    WHEREAS,
      Depositor has filed a registration statement on Form S-3 (each, a “Registration
      Statement”) with the U.S. Securities and Exchange Commission (the “Commission”)
      for purposes of offering mortgage-backed or asset-backed notes and/or
      certificates (the “Securities”) through one or more special purpose vehicles
      (each, an “Issuing Entity”);

     

    WHEREAS,
      from time to time, on or prior to the closing date of a securitization (the
      “Closing Date”) pursuant to which Securities are offered (each, a
“Securitization”), the Derivative Provider enters into certain derivative
      agreements with the Issuing Entity (or a trustee or securities or swap
      administrator or other person acting in a similar capacity in connection with
      such Securitization (each, an “Administrator”)), or the Derivative Provider
      enters into certain derivative agreements with the Sponsor or an affiliate
      of
      the Sponsor and such derivative agreements are assigned to the Issuing Entity
      or
      an Administrator (each, in either case, a “Derivative Agreement”);

     

    WHEREAS,
      the Derivative Provider agrees and acknowledges that the Sponsor and the
      Depositor are required under Regulation AB (as defined herein) to disclose
      certain financial data and/or financial statements with respect to the
      Derivative Provider, depending on the applicable “significance percentage” for
      each Derivative Agreement as calculated from time to time in accordance with
      Item 1115 of Regulation AB;

     

    WHEREAS,
      the Sponsor, on behalf of itself and each Issuing Entity through which it
      effects Securitizations, the Depositor and the Derivative Provider, desire
      to
      set forth certain rights and obligations with regard to financial data and/or
      financial statements which the Sponsor and the Depositor are required to
      disclose in accordance with Regulation AB (as defined herein) and certain
      related matters.

     

    NOW,
      THEREFORE, in consideration of the mutual agreements set forth herein and for
      other good and valuable consideration the receipt and adequacy of which is
      hereby acknowledged, the parties hereby agree as follows:

     

    
      SECTION
        1.         DEFINITIONS.

    

     

    Additional
      Termination Event: With respect to any Derivative Agreement, as defined in
      the
      related Master Agreement. 

     

    Affected
      Party: With respect to any Derivative Agreement, as defined in the related
      Master Agreement. 

     

    Business
      Day: Any day other than a Saturday, a Sunday or any day on which banking
      institutions in the states where the parties are located are authorized or
      obligated by law, executive order or governmental decree to be closed.

     

    Company
      Information: As defined in Addendum A.

     

    Company
      Financial Information: With respect to each Securitization, the financial data
      described in Item 1115(b)(1) of Regulation AB or the financial statements
      described in Item 1115(b)(2) of Regulation AB, in either case with respect
      to
      the Derivative Provider and any affiliated entities providing derivative
      instruments to the related Issuing Entity and/or Administrator; provided, that
      the Derivative Provider shall not be required to calculate the “significance
      percentage” for purposes of this Agreement.

     

    GAAP:
      As
      defined in Section 3(c).

     

    Exchange
      Act: The Securities Exchange Act of 1934, as amended, and the rules and
      regulations promulgated thereunder.

     

    Exchange
      Act Reports: With respect to an Issuing Entity, all Distribution Reports on
      Form
      10-D, Current Reports on Form 8-K and Annual Reports on Form 10-K and any
      amendments thereto, required to be filed with respect to such Issuing Entity
      pursuant to the Exchange Act.

     

    Free
      Writing Prospectus: With respect to each Securitization, the free writing
      prospectus or prospectuses prepared in connection with the public offering
      and
      sale of the related Securities and used to price such Securities and referenced
      in Exhibit One to Addendum A.

     

    Master
      Agreement: With respect to any Derivative Agreement, the ISDA Master Agreement
      referenced in such Derivative Agreement, together with any Schedule, Credit
      Support Annex and Confirmations forming a part thereof or incorporated therein
      by reference, or, if no such ISDA Master Agreement exists, the ISDA Master
      Agreement deemed to apply to such Derivative Agreement pursuant to its terms,
      together with any Schedule, Credit Support Annex and Confirmations deemed to
      form a part thereof or to be incorporated therein by reference.

     

    Prospectus
      Supplement: With respect to each Securitization, the prospectus supplement
      prepared in connection with the public offering and sale of the related
      Securities and referenced in Exhibit One to Addendum A.

     

    Regulation
      AB: Subpart 229.1100 - Asset Backed Securities (Regulation AB), 17 C.F.R.
§§229.1100-229.1123, as such may be amended from time to time, and subject to
      such clarification and interpretation as have been provided by the Commission
      in
      the adopting release (Asset-Backed Securities, Securities Act Release No.
      33-8518, 70 Fed. Reg. 1,506, 1,531 (Jan. 7, 2005)) or by the staff of the
      Commission, or as may be provided by the Commission or its staff from time
      to
      time.

     

    Securities
      Act: The Securities Act of 1933, as amended, and the rules and regulations
      promulgated thereunder.

     

    
      SECTION
        2.        INFORMATION
        TO BE PROVIDED BY THE DERIVATIVE PROVIDER.

    

     

    
      	(a)  	
                       
                Prior to printing the Free Writing Prospectus and/or Prospectus Supplement
                relating to each Securitization, the Derivative Provider, at its
                own
                expense, shall: 

            

    

     

    
      	(i)  	
              provide
                to the Depositor such information as is reasonably requested in writing
                (via fax or in electronic form or such other format as agreed upon
                by the
                Depositor and the Derivative Provider) by the Depositor for the purpose
                of
                compliance with Item 1115(a)(1) of Regulation AB or the Securities
                Act in
                respect of such Securitization, which information shall include,
                at a
                minimum:

            

    

     

    
      	(A)  	
              the
                Derivative Provider’s legal name (and any
                d/b/a),

            

    

     

    
      	(B)  	
              the
                organizational form of the Derivative Provider,

            

    

     

    
      	(C)  	
              a
                description of the general character of the business of the Derivative
                Provider,

            

    

     

    
      	(D)  	
              a
                description of any affiliation (as set forth in Item 1119(a)) between
                the
                Derivative Provider and any of the following
                parties:

            

    

     

    
      	(1)  	
              the
                Sponsor (or any other sponsor identified to the Derivative Provider
                by the
                Sponsor or the Depositor),

            

    

     

    
      	(2)  	
              the
                Depositor,

            

    

     

    
      	(3)  	
              the
                Issuing Entity,

            

    

     

    
      	(4)  	
              any
                servicer (or other person acting in a similar capacity) identified
                to the
                Derivative Provider by the Sponsor or the
                Depositor,

            

    

     

    
      	(5)  	
              any
                trustee (or other person acting in a similar capacity) identified
                to the
                Derivative Provider by the Sponsor or the
                Depositor,

            

    

     

    
      	(6)  	
              any
                originator identified to the Derivative Provider by the Sponsor or
                the
                Depositor,

            

    

     

    
      	(7)  	
              any
                enhancement or support provider identified to the Derivative Provider
                by
                the Sponsor or the Depositor, and

            

    

     

    
      	(8)  	
              any
                other material Securitization party identified to the Derivative
                Provider
                by the Sponsor or the Depositor;
                and

            

    

     

    
      	(ii)  	
              if
                reasonably requested by the Depositor for the purpose of compliance
                with
                Item 1115(b) of Regulation AB with respect to such Securitization,
                provide
                to the Depositor the Company Financial Information described in Item
                1115(b)(1) of Regulation AB or Item 1115(b)(2) of Regulation AB (as
                specified by the Depositor).

            

    

     

    
      	(iii)  	
              Prior
                to the Closing Date of each Securitization involving the Derivative
                Provider, the Depositor or the Sponsor shall forward to the Derivative
                Provider a Schedule, dated as of such Closing Date, specifically
                identifying the aforementioned parties specified in Section 2(a)(D)
                above.
                

            

    

     

    
      	(b)  	
                      
                Following the Closing Date with respect to each Securitization and
                only
                for so long as the Depositor is required to file Exchange Act Reports
                in
                respect of the related Issuing
                Entity:

            

    

     

    
      	(i)  	
              the
                Derivative Provider, at its own expense, shall no later than the
                25th day
                of the last month in each calendar quarter notify the Depositor in
                writing
                of any affiliations that develop following the Closing Date between
                the
                Derivative Provider and any of the parties specified in Section 2(a)(i)(D)
                (and any other parties identified in writing by the Depositor), and
                provide to the Depositor a description of such affiliations;
                

            

    

     

    
      	(ii)  	
              if,
                on any Business Day, the Depositor provides written notice to the
                Derivative Provider that the “significance percentage” for any Derivative
                Agreement relating to such Securitization (calculated separately
                or in the
                aggregate with other Derivative Agreements for such Securitization,
                such
                aggregation as determined by the Depositor in its sole discretion),
                is (x)
                6% or more (but less than 20%) or (y) 16% or more, in each case based
                on a
                reasonable good-faith determination by the Depositor of the “significance
                percentage” in accordance with Item 1115 of Regulation AB (a “Derivative
                Disclosure Event”), the Derivative Provider, at its own expense, shall
                within ten (10) Business Days following receipt of such notice, either:
                

            

    

     

    
      	(A)  	
              provide
                to the Depositor the Company Financial Information described in (x)
                Item
                1115(b)(1) of Regulation AB or (y) Item 1115(b)(2) of Regulation
                AB,
                respectively, 

            

    

     

    
      	(B)  	
              with
                respect to each Derivative Agreement entered into in connection with
                such
                Securitization, cause another entity to replace the Derivative Provider
                as
                a party to such Derivative Agreement or, if such replacement cannot
                be
                effected, to enter into a replacement derivative agreement on terms
                substantially identical to such Derivative Agreement (as determined
                by the
                Depositor in its sole discretion), which entity (1) meets or exceeds
                (or a
                guarantor, as applicable, for such entity meets or exceeds) any rating
                agency criteria set forth in, or otherwise applicable to, such Derivative
                Agreement (as determined by the Depositor in its sole discretion),
                (2) has
                entered into an agreement with Sponsor and Depositor substantially
                in the
                form of this Agreement, (3) has agreed to comply with the immediately
                preceding clause (A) and Section 2(b)(iii), and (4) has been approved
                by
                the Depositor (which approval shall not be unreasonably
                withheld),

            

    

     

    
      	(C)  	
              obtain
                a guaranty of the Derivative Provider’s obligations under the Derivative
                Agreement from an affiliate of the Derivative Provider, which affiliate
                (1) meets or exceeds any rating agency criteria set forth in, or
                otherwise
                applicable to, such Derivative Agreement (as determined by the Depositor
                in its sole discretion), (2) has entered into an agreement with the
                Sponsor and Depositor substantially in the form of this Agreement,
                (3) has
                agreed to comply with the immediately preceding clause (A) and Section
                2(b)(iii) such that the information provided in respect of such affiliate
                will satisfy any requirements under Item 1115 of Regulation AB that
                are
                applicable to the Derivative Provider (as determined by the Depositor
                in
                its sole discretion), and (4) has been approved by the Depositor
                (which
                approval shall not be unreasonably withheld),
                or

            

    

     

    
      	(D)  	
              post
                collateral in an amount sufficient to reduce the “significance percentage”
                for purposes of Item 1115 of Regulation AB with respect to any Derivative
                Agreement relating to such Securitization, calculated separately
                or in the
                aggregate with other Derivative Agreements for such Securitization
                (such
                aggregation and calculation of the “significance percentage” as determined
                by the Depositor in its sole discretion) (1) to 5% if the Depositor
                has
                notified the Derivative Provider that the “significance percentage” is 6%
                or more (but less than 16%) or (2) to 15% if the Depositor has notified
                the Derivative Provider that the “significance percentage” is 16% or more;
                and

            

    

     

    
      	(iii)  	
              for
                so long (A) as the Depositor is required to file Exchange Act Reports
                in
                respect of the related Issuing Entity and (B) the “significance
                percentage” for any Derivative Agreement relating to such Securitization
                (calculated separately or in the aggregate with other Derivative
                Agreements for such Securitization) is (x) 10% or more (but less
                than 20%)
                or (y) 20% or more, in each case based on a reasonable good-faith
                determination by the Depositor of the significance percentage in
                accordance with Item 1115 of Regulation AB, if the Derivative Provider
                has
                provided Company Financial Information to the Depositor pursuant
                to
                Section 2(a)(ii) or Section 2(b)(ii), the Derivative Provider, at
                its own
                expense, shall within five (5) Business Days of the release of any
                updated
                Company Financial Information, provide to the Depositor such updated
                Company Financial Information.

            

    

     

    
      	(c)  	
              The
                Derivative Provider shall provide all Company Financial Information
                provided pursuant to this Section 2 in Microsoft Word® format, Microsoft
                Excel® format or another format suitable for conversion to the format
                required for filing by the Depositor with the Commission via the
                Electronic Data Gathering and Retrieval System (EDGAR) (for avoidance
                of
                doubt, Company Financial Information shall not be provided in .pdf
                format); alternatively, if permitted by Regulation AB (as determined
                by
                the Sponsor in its sole discretion), the Derivative Provider may
                provide
                such Company Financial Information by providing to the Depositor
                written
                consent to incorporate by reference in Exchange Act Reports of the
                Depositor such Company Financial Information from reports filed by
                the
                Derivative Provider pursuant to the Exchange Act. In addition, the
                Derivative Provider shall also provide Company Financial Information
                provided pursuant to Section 2(a)(ii) in a format appropriate for
                use in
                the related Free Writing Prospectus and Prospectus Supplement. If
                any
                Company Financial Information provided pursuant to this Section 2
                has been
                audited, the Derivative Provider shall cause its outside accounting
                firm
                to provide to the Depositor such accounting firm’s written consent to the
                filing or incorporation by reference in the Exchange Act Reports
                of the
                Depositor of such accounting firm’s report relating to its audits of such
                Company Financial Information. If any Company Financial Information
                provided pursuant to this Section 2 has not been audited, the Derivative
                Provider shall provide to the Depositor an appropriate agreed-upon
                procedures letter from the Derivative Provider’s outside accounting firm
                in respect of such Company Financial Information.
                

            

    

     

    
      SECTION
        3.         REPRESENTATIONS
        AND WARRANTIES OF THE DERIVATIVE PROVIDER.

    

     

    The
      Derivative Provider represents and warrants to the Depositor, as of the date
      on
      which the Derivative Provider first provides Company Financial Information
      to
      the Depositor under Section 2(a)(ii), Section 2(b)(ii) or Section 2(b)(iii),
      that, except as disclosed in writing to the Depositor prior to such date:

     

    
      	(a)  	
              the
                outside accounting firm that certifies the financial statements and
                supporting schedules included in Company Financial Information, or
                which
                provides a procedures letter with respect to such Company Financial
                Information, (as applicable) is an independent registered public
                accounting firm as required by the Securities
                Act;

            

    

     

    
      	(b)  	
              the
                selected financial data and summary financial information included
                in the
                Company Financial Information present fairly the information shown
                therein
                and have been compiled on a basis consistent with that of the audited
                financial statements of the Derivative
                Provider;

            

    

     

    
      	(c)  	
              the
                financial statements included in the Company Financial Information
                present
                fairly the consolidated financial position of the Derivative Provider
                (or
                the entity that consolidates the Derivative Provider) and its consolidated
                subsidiaries as of the dates indicated and the consolidated results
                of
                their operations and cash flows for the periods specified; except
                as
                otherwise stated in the Company Financial Information, such financial
                statements have been prepared in conformity with United States generally
                accepted accounting principles (“GAAP”) applied on a consistent basis; and
                except as otherwise stated in the Company Financial Information,
                the
                supporting schedules included in the Company Financial Information
                present
                fairly in accordance with GAAP the information required to be stated
                therein; and 

            

    

     

    
      	(d)  	
              the
                Company Financial Information and other Company Information included
                in
                any Free Writing Prospectus or Prospectus Supplement or referenced
                via a
                website link or incorporated by reference in the Registration Statement
                (including through filing on an Exchange Act Report), at the time
                they
                were or hereafter are filed with the Commission, complied in all
                material
                respects with the requirements of Item 1115(b) of Regulation AB (in
                the
                case of the Company Financial Information), and did not and will
                not
                contain an untrue statement of a material fact (as of the date of
                such
                Free Writing Prospectus or Prospectus Supplement, as applicable)
                or omit
                to state a material fact required to be stated therein or necessary
                in
                order to make the statements therein (as of the date of such Free
                Writing
                Prospectus or Prospectus Supplement, as applicable), in the light
                of the
                circumstances under which they were made, not
                misleading.

            

    

     

    
      SECTION
        4.        THIRD
        PARTY BENEFICIARIES.

    

     

    The
      Derivative Provider agrees that the terms of this Agreement shall be
      incorporated by reference into any Derivative Agreement so that each Issuing
      Entity or Administrator that is a party to a Derivative Agreement shall be
      an
      express third party beneficiary of this Agreement. 

     

    
      SECTION
        5.        INDEMNIFICATION.

    

     

    
      	(a)  	
              The
                Derivative Provider indemnification set forth in Addendum A hereto
                is
                incorporated by reference herein.

            

    

     

    
      	(b)  	
              In
                connection with each Securitization that the Derivative Provider
                participates in, on or prior to the Closing Date of such Securitization,
                the Derivative Provider shall provide to the Depositor a letter signed
                by
                an authorized representative of the Derivative Provider, substantially
                in
                the form attached hereto as Exhibit One to Addendum A, incorporating
                into
                this Agreement and making a part of the indemnification provisions
                of this
                Agreement the Company Information provided by it for inclusion in
                the Free
                Writing Prospectus and the Prospectus Supplement relating to such
                Securitization, as of the date of such Free Writing Prospectus or
                Prospectus Supplement, as applicable.

            

    

     

    
      SECTION
        6.        ADDITIONAL
        TERMINATION EVENTS.

    

     

    
      	(a)  	
              (i)
                Any breach by the Derivative Provider of a representation or warranty
                set
                forth in Section 3 to the extent made as of a date prior to a Closing
                Date, which is not cured by such Closing Date (or, in the case of
                information required under Section 2(a), the date of printing of
                the Free
                Writing Prospectus or Prospectus Supplement, as applicable), or (ii)
                any
                breach by the Derivative Provider of a representation or warranty
                pursuant
                to Section 3 to the extent made as of a date subsequent to such Closing
                Date, or (iii) any failure by the Derivative Provider to comply with
                the
                requirements of Section 2(a), Section 2(b)(ii) or so much of Section
                2(b)(iii) as relates to Section 2(a) or 2(b)(ii), constitute an Additional
                Termination Event under each Derivative Agreement, with respect to
                which
                the Derivative Provider shall be the sole Affected Party.
                

            

    

     

    
      	(b)  	
              In
                the event that a replacement entity or replacement derivative agreement
                has been secured in accordance with Section 2(b)(ii)(B), or a guarantor
                has been secured in accordance with Section 2(b)(ii)(C), the Derivative
                Provider shall promptly reimburse the Issuing Entity for all reasonable
                incidental expenses incurred by the Issuing Entity in connection
                with the
                replacement of the Derivative Provider or Derivative Agreement or
                addition
                of such guarantor. The provisions of this paragraph shall not limit
                whatever rights the Issuing Entity may have under other provisions
                of this
                Agreement or otherwise, whether in equity or at law, such as an action
                for
                damages, specific performance or injunctive
                relief.

            

    

     

    
      SECTION
        7.        MISCELLANEOUS.

    

     

    
      	(a)  	
              Construction.
                Throughout this Agreement, as the context requires, (i) the singular
                tense
                and number includes the plural, and the plural tense and number includes
                the singular, (ii) the past tense includes the present, and the present
                tense includes the past, and (iii) references to parties, sections,
                schedules, and exhibits mean the parties, sections, schedules, and
                exhibits of and to this Agreement. The section headings in this Agreement
                are inserted only as a matter of convenience, and in no way define,
                limit,
                extend, or interpret the scope of this Agreement or of any particular
                section. 

            

    

     

    
      	(b)  	
              Assignment.
                No party to this Agreement may assign its rights under this Agreement
                without the prior written consent of the other parties hereto. Subject
                to
                the foregoing, this Agreement shall be binding on and inure to the
                benefit
                of the parties and their respective successors and permitted assigns.
                

            

    

     

    
      	(c)  	
              Notices.
                All notices and other communications hereunder will be in writing
                (including by facsimile) and effective only upon receipt, and, if
                sent to
                the Derivative Provider will be mailed or delivered to, ABN AMRO
                Bank
                N.V., 55 East 52nd Street, New York, NY 10055, telecopier number:
                (212)
                409-7303, Attn: Associate General Counsel, or such other address
                or
                telecopy number as may hereafter be furnished to the Depositor or
                the
                Sponsor in writing by the Derivative Provider, if sent to the Sponsor
                will
                be mailed or delivered to EMC Mortgage Corporation, 2780 Lake Vista
                Drive,
                Lewisville, Texas 75067, Attention: President or General Counsel,
                facsimile number: (469) 759-4714, and if sent to the Depositor will
                be
                mailed or delivered to, if Depositor is Bear Stearns Asset Backed
                Securities I LLC, 383 Madison Avenue, New York, New York 10179, Attention:
                Chief Counsel and if Depositor is Structured Asset Mortgage Investments
                II
                Inc., 383 Madison Avenue, New York, New York 10179, telecopier number:
                (212) 272-5591, Attention: Vice President-Servicing.
                

            

    

     

    
      	(d)  	
              Governing
                Law. This Agreement shall be governed by and construed in accordance
                with
                the internal laws of the State of New York without regard to the
                conflict
                of laws principles thereof (other than Sections 5-1401 and 5-1402
                of the
                New York General Obligations Law).

            

    

     

    
      	(e)  	
              Additional
                Documents. Each party hereto agrees to execute any and all further
                documents and writings and to perform such other actions which may
                be or
                become necessary or expedient to effectuate and carry out this
                Agreement.

            

    

     

    
      	(f)  	
              Suspension
                of Obligations. The Derivative Provider’s obligations to provide Company
                Information, Company Financial Information or any other information
                required by Regulation AB, obtain a guaranty of it’s obligations, post
                collateral and secure another entity to replace the Derivative Provider
                as
                a party under the Derivative Agreement shall be terminated beginning
                in
                any such year in which the Derivative Provider receives notification
                from
                the Administrator that the trust fund’s obligation to file periodic
                reports under the Exchange Act has been terminated. This obligation
                shall
                continue to be terminated unless the Administrator or the Depositor
                notify
                the Derivative Provider that the trust fund’s obligations to file reports
                under the Exchange Act has resumed; provided however, such indemnities
                provided under this Agreement shall survive the suspension of the
                Derivative Provider’s obligations under this Agreement only to the extent
                of any failure of the Derivative Provider to comply with this Agreement
                that occurred prior to such suspension of the Exchange Act
                reporting.

            

    

     

    
      	(g)  	
              Amendment
                and Waiver. This Agreement may not be modified or amended except
                by an
                instrument in writing signed by the parties hereto. No waiver of
                any
                provision of this Agreement or of any rights or obligations of any
                party
                under this Agreement shall be effective unless in writing and signed
                by
                the party or parties waiving compliance, and shall be effective only
                in
                the specific instance and for the specific purpose stated in that
                writing.

            

    

     

    
      	(h)  	
              Counterparts.
                This Agreement may be executed in one or more counterparts, each
                of which
                shall be deemed an original, all of which together shall constitute
                one
                and the same instrument.

            

    

     

    
      	(i)  	
              Severability.
                Any provision hereof which is prohibited or unenforceable shall be
                ineffective only to the extent of such prohibition or unenforceability
                without invalidating the remaining provisions
                hereof.

            

    

     

    
      	(j)  	
              Integration.
                This Agreement contains the entire understanding of the parties with
                respect to the subject matter hereof. There are no restrictions,
                agreements, promises, representations, warranties, covenants or
                undertakings with respect to the subject matter hereof other than
                those
                expressly set forth or referred to herein. This Agreement supersedes
                all
                prior agreements and understandings between the parties with respect
                to
                its subject matter.

            

    

     

    [SIGNATURE
      PAGE FOLLOWS]

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

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

     

    
      	 	 	 
	 	EMC
              MORTGAGE
              CORPORATION
	 
 	 
 	 
 
	
            	By:  	 
	 	
              
Name: 
	 	Title 

    

     

    
      
        	 	 	 
	 	BEAR
                STEARNS ASSET
                BACKED SECURITIES I LLC
	 
 	 
 	 
 
	
              	By:  	 
	 	
                
Name: 
	 	Title 

      

       

    

    
      
        	 	 	 
	 	STRUCTURED
                ASSET
                MORTGAGE INVESTMENTS II INC.
	 
 	 
 	 
 
	
              	By:  	 
	 	
                
Name: 
	 	Title 

      

       

    

    
      
        	 	 	 
	 	ABN
                AMRO BANK
                N.V.
	 
 	 
 	 
 
	
              	By:  	 
	 	
                
Name: 
	 	Title 

      

       

      
        
          
            	 	 	 
	
                  	By:  	 
	 	
                    
Name: 
	 	Title 

          

           

        

      

    

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

        
        

      

    

    ADDENDUM
      A

    

     

    (a) The
      Derivative Provider indemnifies and holds harmless the Depositor, the Sponsor,
      Bear, Stearns & Co. Inc. and each of its directors and officers and
      affiliates and each person, if any, who controls the Depositor within the
      meaning of Section 15 of the Securities Act or Section 20 of the Exchange Act,
      against (I) any and all actual losses, claims, expenses, damages or liabilities
      to which the Depositor, the Sponsor, Bear, Stearns & Co. Inc. or any such
      director, officer or controlling person may become subject, under the Securities
      Act or otherwise, insofar as such losses, claims, expenses, damages or
      liabilities (or actions in respect thereof) arise out of or are based upon
      any
      untrue statement of a material fact or omission of a material fact necessary
      in
      order to make the statements made, in light of the circumstances under which
      they were made, not misleading in any information provided pursuant to Section
      2(a) of this Agreement by or on behalf of the Derivative Provider that is
      included in a Free Writing Prospectus and/or Prospectus Supplement related
      to
      the Securitization and identified in Exhibit One hereto (together, the “Company
      Information”) (as of the respective dates of such Free Writing Prospectus and
      Prospectus Supplement) or any Company Financial Information (as of the date
      of
      such Company Financial Information) or any other information required to be
      provided by the Derivative Provider pursuant to Section 2 of this Agreement
      (other than any information that is required to be provided by the Derivative
      Provider pursuant to Section 2(a) of this Agreement) or (II) for any and all
      actual losses, claims, expenses, damages or liabilities incurred by the
      Depositor, the Sponsor, Bear, Stearns & Co. Inc. or any such director,
      officer or controlling person in connection with the failure of the Derivative
      Provider to comply with this Agreement; and will reimburse any such reasonable
      legal or other expenses actually incurred by the Depositor the Sponsor, Bear,
      Stearns & Co. Inc. or any such director, officer or controlling person in
      connection with investigating or defending any such loss, claim, damage,
      liability or action. This indemnity agreement will be in addition to any
      liability which the Derivative Provider may otherwise have.

     

    (b) The
      Depositor and the Sponsor indemnify and holds harmless the Derivative Provider,
      each of its directors, each of its officers and affiliates and each person,
      if
      any, who controls the Derivative Provider within the meaning of Section 15
      of
      the Securities Act or Section 20 of the Exchange Act, against any and all actual
      losses, claims, expenses, damages or liabilities to which the Derivative
      Provider or any such director, officer, affiliate or controlling person may
      become subject, under the Securities Act or otherwise, insofar as such losses,
      claims, expenses, damages or liabilities (or actions in respect thereof) arise
      out of or are based upon any untrue statement or alleged untrue statement of
      any
      material fact contained in the Free Writing Prospectus, the Prospectus
      Supplement and/or private placement memorandum related to the Securitization
      other than with respect to the Company Information, or omission to state therein
      a material fact required to be stated therein or necessary to make the
      statements made therein not misleading; and will reimburse such reasonable
      legal
      or other expenses actually incurred by the Derivative Provider or any such
      director, officer, affiliate or controlling person in connection with
      investigating or defending any such loss, claim, damage, liability or action.
      This indemnity agreement will be in addition to any liability which the
      Depositor may otherwise have.

     

    (c) Promptly
      after receipt by an indemnified party under this Agreement of notice of the
      commencement of any action described therein, such indemnified party will,
      if a
      claim in respect thereof is to be made against the indemnifying party under
      this
      Agreement, notify in writing the indemnifying party of the commencement thereof,
      but the omission so to notify the indemnifying party will not relieve the
      indemnifying party from any liability that it may have to any indemnified party
      (a) under this Agreement except to the extent that the omission to notify the
      indemnifying party with respect to this Agreement materially adversely affects
      the indemnifying party's ability to perform under this Agreement or (b)
      otherwise than under this Agreement. In case any such action is brought against
      any indemnified party, and it notifies the indemnifying party of the
      commencement thereof, the indemnifying party will be entitled to participate
      therein, and, to the extent that it may wish to do so, jointly with any other
      indemnifying party similarly notified, to assume the defense thereof, with
      counsel reasonably satisfactory to such indemnified party (who shall not, except
      with the consent of the indemnified party, be counsel to the indemnifying
      party), and, after notice from the indemnifying party to such indemnified party
      under this Agreement,, such indemnifying party shall not be liable for any
      legal
      or other expenses subsequently incurred by such indemnified party in connection
      with the defense thereof other than reasonable costs of
      investigation.

     

    Any
      indemnified party shall have the right to employ separate counsel in any such
      action and to participate in the defense thereof, but the fees and expenses
      of
      such counsel shall be at the expense of such indemnified party unless: (i)
      the
      employment thereof has been specifically authorized by the indemnifying party
      in
      writing; (ii) such indemnified party shall have been advised by such counsel
      that there may be one or more legal defenses available to it which are different
      from or additional to those available to the indemnifying party and in the
      reasonable judgment of such counsel it is advisable for such indemnified party
      to employ separate counsel; (iii) a conflict or potential conflict exists (based
      on advice of counsel to the indemnified party) between the indemnified party
      and
      the indemnifying party (in which case the indemnifying party will not have
      the
      right to direct the defense of such action on behalf of the indemnified party)
      or (iv) the indemnifying party has failed to assume the defense of such action
      and employ counsel reasonably satisfactory to the indemnified party, in which
      case, if such indemnified party notifies the indemnifying party in writing
      that
      it elects to employ separate counsel at the expense of the indemnifying party,
      the indemnifying party shall not have the right to assume the defense of such
      action on behalf of such indemnified party, it being understood, however, the
      indemnifying party shall not, in connection with any one such action or separate
      but substantially similar or related actions in the same jurisdiction arising
      out of the same general allegations or circumstances, be liable for the
      reasonable fees and expenses of more than one separate firm of attorneys (in
      addition to local counsel) at any time for all such indemnified parties, which
      firm shall be designated in writing by the indemnified party.

     

    Each
      indemnified party, as a condition of the indemnity agreement contained in clause
      (a) and clause (b), shall use its best efforts to cooperate with the
      indemnifying party in the defense of any such action or claim. No indemnifying
      party shall be liable for any settlement of any such action or claim effected
      without its written consent (which consent shall not be unreasonably withheld),
      but if settled with its written consent or if there be a final judgment for
      the
      plaintiff in any such action, the indemnifying party agrees to indemnify and
      hold harmless any indemnified party from and against any loss or liability
      (to
      the extent set forth in clause (a) or clause (b) as applicable) by reason of
      such settlement or judgment.

     

    (d) If
      the
      indemnification provided for in clause (a) or clause (b) is unavailable or
      insufficient to hold harmless an indemnified party under clause (a) or clause
      (b) above, then the indemnifying party shall contribute to the amount paid
      or
      payable by such indemnified party as a result of the losses, claims, expenses,
      damages or liabilities referred to in clause (a) or clause (b) above (i) in
      such
      proportion as is appropriate to reflect the relative benefits received by the
      Depositor on the one hand and the Derivative Provider on the other from the
      offering of the underwritten certificates or (ii) if the allocation provided
      by
      clause (i) above is not permitted by applicable law, in such proportion as
      is
      appropriate to reflect not only the relative benefits referred to in clause
      (i)
      above but also the relative fault of the Depositor on the one hand and the
      Derivative Provider on the other in connection with the statements or omissions
      which resulted in such losses, claims, expenses, damages or liabilities as
      well
      as any other relevant equitable considerations. The relative benefits received
      by the Depositor on the one hand and the Derivative Provider on the other shall
      be deemed to be in the same proportion as the total net proceeds from the
      offering (before deducting expenses) received by the Depositor bear to the
      total
      fees received by the Derivative Provider. The relative fault shall be determined
      by reference to, among other things, whether the untrue or alleged untrue
      statement of a material fact or the omission or alleged omission to state a
      material fact relates to information supplied by the Depositor or by the
      Derivative Provider and the parties' relative intent, knowledge, access to
      information and opportunity to correct or prevent such untrue statement or
      omission. The amount paid by an indemnified party as a result of the losses,
      claims, expenses, damages or liabilities referred to above in the first sentence
      of this clause (d) shall be deemed to include any legal or other expenses
      reasonably incurred by such indemnified party in connection with investigating
      or defending any action or claim which is the subject of this clause (d). No
      person guilty of fraudulent misrepresentation (within the meaning of Section
      11(f) of the Securities Act) shall be entitled to contribution from any person
      who was not guilty of such fraudulent misrepresentation.

    

      
        
          
          

        

        
          
          

          
            

          

        

        
          
          

          
          

        

      

    

     

    Exhibit
      One to Addendum A

     

    [DEPOSITOR]

    [TRUST]

    

    Letter
      to the Depositor relating to the Company Information Pursuant to Item 1115
      Agreement 

    

    [Date]

    

    [Depositor
      Name and Address]

    

    Ladies
      and Gentleman: 

    

    In
      accordance with Section 5(b) of the Item 1115 Agreement (the “Agreement”) dated
      as of November [ ], 2006 among EMC Mortgage Corporation as sponsor, Bear Stearns
      Asset Backed Securities I LLC [(the “Depositor”)] and Structured Asset Mortgage
      Investments II Inc., [the “Depositor”)], and [ ], (the “Derivative Provider”),
      the information provided by the Derivative Provider contained in the [Free
      Writing Prospectus, dated [ ], including any supplement or amendment thereto,
      under the captions “The Interest Rate Swap Agreement - the Swap Provider”,
      attached hereto as Exhibit A, and the [Prospectus Supplement, dated [ ],
      including any supplement or amendment thereto, under the captions “The Interest
      Rate Swap Agreement —The Swap Provider”, attached hereto as Exhibit A
      ([together], the “Company Information”) in connection with [SECURITIZATION] is
      hereby incorporated into the Agreement and made a part of the indemnification
      provisions of the Agreement as of the date of the related [Free Writing
      Prospectus and/or] Prospectus Supplement. The Company Information is the only
      information furnished by the Derivative Provider to the Depositor for inclusion
      in the [Free Writing Prospectus and the] Prospectus Supplement. The
      indemnification provisions of the Agreement shall be in full force and effect
      as
      it relates to the Company Information as they relate to any other information
      provided by the Derivative Provider pursuant to the Agreement. 

    

    

    [SIGNATURE
      PAGE FOLLOWS]

    
 

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    

     

    Very
      truly yours,

     

    DERIVATIVE
      PROVIDER

    

    By:
      ________________________

    Name:

    Title:
      

    

    

    

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    

    EXHIBIT
      A

    

    

    EXHIBIT
      B

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

        
        

      

    

    EXHIBIT
      N

     

    Group
      II
      SWAP AGREEMENT

     

    

    DATE:        
          November
      30, 2006   

    

    TO:                                                      
       LaSalle
      Bank National Association, not individually, but solely as Group II Supplemental
      Interest Trust Trustee on behalf of the Group II Supplemental Interest Trust
      with respect to the Bear Stearns Asset Backed Securities I Trust 2006-AQ1,
      Asset-Backed Certificates, Series 2006-AQ1

     

    ATTENTION:         
        
Global
      Securities and Trust Services - BSABS 06-AQ1

    TELEPHONE:         
         312-992-2833

    FACSIMILE:           
         312-904-1368 

    

    FROM:                    
         ABN
      AMRO
      Bank N.V.

    TELEPHONE:                     
        312-904-5214

    FACSIMILE:          
         312-904-0392

    

    SUBJECT:             
        
Fixed
      Income Derivatives Confirmation 

     

    REFERENCE
      NUMBER:               
 4260125

    

    The
      purpose of this long-form confirmation (“Confirmation”)
      is to
      confirm the terms and conditions of the current Transaction entered into on
      the
      Trade Date specified below (the “Transaction”)
      between
      ABN AMRO Bank N.V. (“Party
      A”) and
      LaSalle Bank National Association, not individually, but solely as trustee
      (the
“Group II Supplemental Interest Trust Trustee”) on behalf of the supplemental
      interest trust with respect to the Bear Stearns Asset Backed Securities I Trust
      2006-AQ1, Asset-Backed Certificates, Series 2006-AQ1 (the “Group II Supplemental
      Interest Trust”) (“Party
      B”)
      created
      under the Pooling and Servicing Agreement, dated as of November 1, 2006, among
      Bear Stearns Asset Backed Securities I LLC, as depositor (the “Depositor”), EMC
      Mortgage Corporation, as seller (in such capacity, the “Seller”) and as master
      servicer (in such capacity, the “Master Servicer”), and LaSalle Bank National
      Association, a national banking association, as trustee
      (the “Trustee”) (the
      “Pooling
      and Servicing Agreement”).
      This
      Confirmation evidences a complete and binding agreement between you and us
      to
      enter into the Transaction on the terms set forth below and replaces any
      previous agreement between us with respect to the subject matter hereof. This
      Confirmation constitutes a “Confirmation”
      and also
      constitutes a “Schedule”
      as
      referred to in the ISDA Master Agreement, and Paragraph 13 of a Credit Support
      Annex to the Schedule. 

    

    
      	1.  	
              This
                Confirmation shall supplement, form a part of, and be subject to
                an
                agreement in the form of the ISDA Master Agreement (Multicurrency
                - Cross
                Border) as published and copyrighted in 1992 by the International
                Swaps
                and Derivatives Association, Inc. (the “ISDA
                Master Agreement”),
                as if Party A and Party B had executed an agreement in such form
                on the
                date hereof, with a Schedule as set forth in Item 3 of this Confirmation,
                and an ISDA Credit Support Annex (Bilateral Form - ISDA Agreements
                Subject
                to New York Law Only version) as published and copyrighted in 1994
                by the
                International Swaps and Derivatives Association, Inc., with Paragraph
                13
                thereof as set forth in Annex A hereto (the “Credit
                Support Annex”).
                For the avoidance of doubt, the Transaction described herein shall
                be the
                sole Transaction governed by such ISDA Master Agreement. In the event
                of
                any inconsistency among any of the following documents, the relevant
                document first listed shall govern: (i) this Confirmation, exclusive
                of
                the provisions set forth in Item 3 hereof and Annex A hereto; (ii)
                the
                provisions set forth in Item 3 hereof, which are incorporated by
                reference
                into the Schedule; (iii) the Credit Support Annex; (iv) the Definitions;
                and (v) the ISDA Master Agreement.

            

    

    

    Each
      reference herein to a “Section” (unless specifically referencing the Pooling and
      Servicing Agreement) or to a “Section” “of this Agreement” will be construed as
      a reference to a Section of the ISDA Master Agreement; each herein reference
      to
      a “Part” will be construed as a reference to the provisions herein deemed
      incorporated in a Schedule to the ISDA Master Agreement; each reference herein
      to a “Paragraph” will be construed as a reference to a Paragraph of the Credit
      Support Annex.

    

    
      	2.  	
              The
                terms of the particular Transaction to which this Confirmation relates
                are
                as follows:

            

    

     

    
      
        	 	
                Type
                  of Transaction:

              	
                Interest
                  Rate Swap

              
	 	 	 	 
	 	
                Notional
                  Amount:

              	
                With
                  respect to any Calculation Period, the amount set forth for such
                  period on
                  Schedule I attached hereto.

              
	 	 	 	 
	 	
                Trade
                  Date:

              	
                November
                  15, 2006

              
	 	 	 	 
	 	
                Effective
                  Date:

              	
                November
                  30, 2006

              
	 	 	 	 
	 	
                Termination
                  Date:

              	
                November
                  25, 2011, subject to adjustment in accordance with the Business
                  Day
                  Convention; provided, however, that for the purpose of determining
                  the
                  final Fixed Rate Payer Period End Date, Termination Date shall
                  be subject
                  to No Adjustment.

              
	 	 	 	 
	 	
                Fixed
                  Amounts:

              	 	 
	 	 	 	 
	 	 	
                Fixed
                  Rate Payer:

              	
                Party
                  B

              
	 	 	 	 
	 	 	
                Fixed
                  Rate Payer

              	 
	 	 	
                Period
                  End Dates:

              	
                The
                  25th
                  calendar day of each month during the Term of this Transaction,
                  commencing
                  December 25, 2006, and ending on the Termination Date, with No
                  Adjustment.

              
	 	 	 	 
	 	 	
                Fixed
                  Rate Payer

              	 
	 	 	
                Payment
                  Dates:

              	
                Early
                  Payment shall be applicable. One Business Day prior to each Fixed
                  Rate
                  Payer Period End Date.

              
	 	 	 	 
	 	 	
                Fixed
                  Rate:

              	
                5.060%

              
	 	 	 	 
	 	 	
                Fixed
                  Amount:

              	
                To
                  be determined in accordance with the following formula:

              
	 	 	 	 
	 	 	 	
                100*Fixed
                  Rate*Notional Amount*Fixed Rate Day Count Fraction

              
	 	 	 	 
	 	 	
                Fixed
                  Rate Day 

              	 
	 	 	
                Count
                  Fraction:

              	
                30/360

              
	 	 	 	 
	 	
                Floating
                  Amounts:

              	 
	 	 	 	 
	 	 	
                Floating
                  Rate Payer:

              	
                Party
                  A

              
	 	 	 	 
	 	 	
                Floating
                  Rate Payer

              	 
	 	 	
                Period
                  End Dates:

              	
                The
                  25th
                  calendar day of each month during the Term of this Transaction,
                  commencing
                  December 25, 2006, and ending on the Termination Date, subject
                  to
                  adjustment in accordance with the Business Day
                  Convention.

              
	 	 	 	 
	 	 	
                Floating
                  Rate Payer 

              	 
	 	 	
                Payment
                  Dates:

              	
                Early
                  Payment shall be applicable. One Business Day prior to each Floating
                  Rate
                  Payer Period End Date.

              
	 	 	 	 
	 	 	
                Floating
                  Rate Option:

              	
                USD-LIBOR-BBA

              
	 	 	 	 
	 	 	
                Floating
                  Amount:

              	
                To
                  be determined in accordance with the following formula:

              
	 	 	 	 
	 	 	 	
                100*Floating
                  Rate Option*Notional Amount*Floating Rate Day Count
                  Fraction

              
	 	 	 	 
	 	 	
                Designated
                  Maturity:

              	
                One
                  month; provided that, with respect to the first Calculation Period,
                  Linear
                  Interpolation will apply

              
	 	 	
                 

              	 
	 	 	
                Floating
                  Rate Day 

              	 
	 	 	
                Count
                  Fraction:

              	
                Actual/360

              
	 	 	
                 

              	 
	 	 	
                Reset
                  Dates:

              	
                The
                  first day of each Calculation Period.

              
	 	 	
                 

              	 
	 	 	
                Compounding:

              	
                Inapplicable

              
	 	 	 	 
	 	 	
                Business
                  Days:

              	
                New
                  York and Illinois

              
	 	 	 	 
	 	 	
                Business
                  Day Convention:

              	
                Following

              
	 	 	 	 
	 	 	
                Calculation
                  Agent:

              	
                Party
                  A

              

      

       

    

    
      	3.  	
              Provisions
                Deemed Incorporated in a Schedule to the ISDA Master
                Agreement:

            

    

    

    
      	
              Part
                1.

            	
              Termination
                Provisions.

            

    

    

    For
      the
      purposes of this Agreement:-

    

    
      	(a)  	
              “Specified
                Entity”
                will not apply to Party A or Party B for any purpose.
                

            

    

     

    
      	(b)  	
              “Specified
                Transaction”
                will have the meaning specified in Section
                14.

            

    

     

    
      	(c)  	
              Events
                of Default.

            

    

     

    The
      statement below that an Event of Default will apply to a specific party means
      that upon the occurrence of such an Event of Default with respect to such party,
      the other party shall have the rights of a Non-defaulting Party under Section
      6
      of this Agreement; conversely, the statement below that such event will not
      apply to a specific party means that the other party shall not have such
      rights.

    

    
      	(i)  	
              The
                “Failure
                to Pay or Deliver”
                provisions of Section 5(a)(i) will apply to Party A and will apply
                to
                Party B; provided, however, that Section 5(a)(i) is hereby amended
                by
                replacing the word “third” with the word “first”; provided, further, that
                notwithstanding anything to the contrary in Section 5(a)(i), any
                failure
                by Party A to comply with or perform any obligation to be complied
                with or
                performed by Party A under the Credit Support Annex shall not constitute
                an Event of Default under Section 5(a)(i) unless (A) either (i) a
                Moody’s
                Second Trigger Ratings Event has occurred and been continuing for
                30 or
                more Local Business Days, or (ii) a S&P Required Ratings Downgrade
                Event has occurred and been continuing for 30 or more Local Business
                Days,
                and (B) such failure is not remedied on or before the third Local
                Business
                Day after notice of such failure is given to Party
                A.

            

    

    

    
      	(ii)  	
              The
                “Breach
                of Agreement”
                provisions of Section 5(a)(ii) will apply to Party A and will not
                apply to
                Party B.

            

    

    

    
      	(iii)  	
              The
                “Credit
                Support Default”
                provisions of Section 5(a)(iii) will apply to Party A and will not
                apply
                to Party B except that Section 5(a)(iii)(1) will apply to Party B
                solely
                in respect of Party B’s obligations under Paragraph 3(b) of the Credit
                Support Annex; provided, however, that notwithstanding anything to
                the
                contrary in Section 5(a)(iii)(1), any failure by Party A to comply
                with or
                perform any obligation to be complied with or performed by Party
                A under
                the Credit Support Annex shall not constitute an Event of Default
                under
                Section 5(a)(iii) unless (A) either (i) a Moody’s Second Trigger Ratings
                Event has occurred and been continuing for 30 or more Local Business
                Days,
                or (ii) a S&P Required Ratings Downgrade Event has occurred and been
                continuing for
                30 or more Local Business Days,
                and (B) such failure is not remedied on or before the third Local
                Business
                Day after notice of such failure is given to Party
                A.

            

    

    

    
      	(iv)  	
              The
                “Misrepresentation”
                provisions of Section 5(a)(iv) will apply to Party A and will not
                apply to
                Party B. 

            

    

    

    
      	(v)  	
              The
                “Default
                under Specified Transaction”
                provisions of Section 5(a)(v) will apply to Party A and will not
                apply to
                Party B.

            

    

    

    
      	(vi)  	
              The
                “Cross
                Default”
                provisions of Section 5(a)(vi) will apply to Party A and will not
                apply to
                Party B. For purposes of Section 5(a)(vi), solely with respect to
                Party
                A:

            

    

    

    “Specified
      Indebtedness” will have the meaning specified in Section 14 ,except that such
      term shall not include obligations in respect of deposits received in the
      ordinary course of Party A’s banking business.

    

    “Threshold
      Amount” means with respect to Party A, an amount equal to three percent (3%) of
      its total shareholders equity as specified from time to time in the most recent
      Annual Report of ABN AMRO Holding N.V. containing consolidated financial
      statements, prepared in accordance with accounting principles that are generally
      accepted for institutions of its type in the jurisdiction of its organization
      and certified by independent public accountants, or its equivalent in any other
      currency.

    

    
      	(vii)  	
              The
                “Bankruptcy”
                provisions of Section 5(a)(vii) will apply to Party A and will apply
                to
                Party B except that the provisions of Section 5(a)(vii)(2), (6) (to
                the
                extent that such provisions refer to any appointment contemplated
                or
                effected by the Pooling and Servicing Agreement or any appointment
                to
                which Party B has not become subject), (7) and (9) will not apply
                to Party
                B; provided that, with respect to Party B only, Section 5(a)(vii)(4)
                is
                hereby amended by adding after the words “against it” the words
                “(excluding any proceeding or petition instituted or presented by
                Party A
                or its Affiliates)”, and Section 5(a)(vii)(8) is hereby amended by
                deleting the words “to (7) inclusive” and inserting lieu thereof “, (3),
                (4) as amended, (5), (6) as amended, or
                (7)”.

            

    

    

    
      	(viii)  	
              The
                “Merger
                Without Assumption”
                provisions of Section 5(a)(viii) will apply to Party A and will apply
                to
                Party B.

            

    

    

    
      	(d)  	
              Termination
                Events.

            

    

     

    The
      statement below that a Termination Event will apply to a specific party means
      that upon the occurrence of such a Termination Event, if such specific party
      is
      the Affected Party with respect to a Tax Event, the Burdened Party with respect
      to a Tax Event Upon Merger (except as noted below) or the non-Affected Party
      with respect to a Credit Event Upon Merger, as the case may be, such specific
      party shall have the right to designate an Early Termination Date in accordance
      with Section 6 of this Agreement; conversely, the statement below that such
      an
      event will not apply to a specific party means that such party shall not have
      such right; provided, however, with respect to “Illegality” the statement that
      such event will apply to a specific party means that upon the occurrence of
      such
      a Termination Event with respect to such party, either party shall have the
      right to designate an Early Termination Date in accordance with Section 6 of
      this Agreement.

     

    
      	(i)  	
              The
                “Illegality”
                provisions of Section 5(b)(i) will apply to Party A and will apply
                to
                Party B.

            

    

     

    

    
      	(ii)  	
              The
                “Tax
                Event”
                provisions of Section 5(b)(ii) will apply to Party A except that,
                for
                purposes of the application of Section 5(b)(ii) to Party A, Section
                5(b)(ii) is hereby amended by deleting the words “(x) any action taken by
                a taxing authority, or brought in a court of competent jurisdiction,
                on or
                after the date on which a Transaction is entered into (regardless
                of
                whether such action is taken or brought with respect to a party to
                this
                Agreement) or (y)”, and the “Tax Event” provisions of Section 5(b)(ii)
                will apply to Party B. 

            

    

     

    
      	(iii)  	
              The
                “Tax
                Event Upon Merger”
                provisions of Section 5(b)(iii) will apply to Party A and will apply
                to
                Party B, provided that Party A shall not be entitled to designate
                an Early
                Termination Date by reason of a Tax Event upon Merger in respect
                of which
                it is the Affected Party.

            

    

     

    
      	(iv)  	
              The
                “Credit
                Event Upon Merger”
                provisions of Section 5(b)(iv) will not apply to Party A and will
                not
                apply to Party B.

            

    

     

    
      	(e)  	
              The
                “Automatic
                Early Termination”
                provision of Section 6(a) will not apply to Party A and will not
                apply to
                Party B.

            

    

     

    
      	(f)  	
              Payments
                on Early Termination.
                For the purpose of Section 6(e) of this
                Agreement:

            

    

     

    
      	(i)  	
              Market
                Quotation will apply, provided, however, that, in the event of a
                Derivative Provider Trigger Event, the following provisions will
                apply:

            

    

     

    
      	(A)  	
              The
                definition of Market Quotation in Section 14 shall be deleted in
                its
                entirety and replaced with the
                following:

            

    

     

    “Market
      Quotation” means,
      with respect to one or more Terminated Transactions, a Firm Offer which is
      (1)
      made by a Reference Market-maker that is an Eligible Replacement, (2) for an
      amount that would be paid to Party B (expressed as a negative number) or by
      Party B (expressed as a positive number) in consideration of an agreement
      between Party B and such Reference Market-maker to enter into a Replacement
      Transaction, and (3) made on the basis that Unpaid Amounts in respect of the
      Terminated Transaction or group of Transactions are to be excluded but, without
      limitation, any payment or delivery that would, but for the relevant Early
      Termination Date, have been required (assuming satisfaction of each applicable
      condition precedent) after that Early Termination Date is to be
      included.

    

    
      	(B)  	
              The
                definition of Settlement Amount shall be deleted in its entirety
                and
                replaced with the following:

            

    

     

    “Settlement
      Amount”
      means,
      with respect to any Early Termination Date, an amount (as determined by Party
      B)
      equal to: 

    

    
      	(a)  	
              If
                a Market Quotation for the relevant Terminated Transaction or group
                of
                Terminated Transactions is accepted by Party B so as to become legally
                binding on or before the day falling ten Local Business Days after
                the day
                on which the Early Termination Date is designated, or such later
                day as
                Party B may specify in writing to Party A, but in either case no
                later
                than one Local Business Day prior to the Early Termination Date (such
                day,
                the “Latest Settlement Amount Determination Day”), the Termination
                Currency Equivalent of the amount (whether positive or negative)
                of such
                Market Quotation; 

            

    

    

    
      	(b)  	
              If,
                on the Latest Settlement Amount Determination Day, no Market Quotation
                for
                the relevant Terminated Transaction or group of Terminated Transactions
                has been accepted by Party B so as to become legally binding and
                one or
                more Market Quotations from Approved Replacements have been made
                and
                remain capable of becoming legally binding upon acceptance, the Settlement
                Amount shall equal the Termination Currency Equivalent of the amount
                (whether positive or negative) of the lowest of such Market Quotations
                (for the avoidance of doubt, the lowest of such Market Quotations
                shall be
                the lowest Market Quotation of such Market Quotations expressed as
                a
                positive number or, if any of such Market Quotations is expressed
                as a
                negative number, the Market Quotation expressed as a negative number
                with
                the largest absolute value); or

            

    

    

    
      	(c)  	
              If,
                on the Latest Settlement Amount Determination Day, no Market Quotation
                for
                the relevant Terminated Transaction or group of Terminated Transactions
                is
                accepted by Party B so as to become legally binding and no Market
                Quotation from an Approved Replacement remains capable of becoming
                legally
                binding upon acceptance, the Settlement Amount shall equal Party
                B’s Loss
                (whether positive or negative and without reference to any Unpaid
                Amounts)
                for the relevant Terminated Transaction or group of Terminated
                Transactions.

            

    

    

    
      	(C)  	
              If
                Party B requests Party A in writing to obtain Market Quotations,
                Party A
                shall use its reasonable efforts to do so before the Latest Settlement
                Amount Determination Day.

            

    

     

    
      	(D)  	
              If
                the Settlement Amount is a negative number, Section 6(e)(i)(3) shall
                be
                deleted in its entirety and replaced with the
                following:

            

    

     

    “(3)
      Second
      Method and Market Quotation.
      If the
      Second Method and Market Quotation apply, (I) Party B shall pay to Party A
      an
      amount equal to the absolute value of the Settlement Amount in respect of the
      Terminated Transactions, (II) Party B shall pay to Party A the Termination
      Currency Equivalent of the Unpaid Amounts owing to Party A and (III) Party
      A
      shall pay to Party B the Termination Currency Equivalent of the Unpaid Amounts
      owing to Party B; provided, however, that (x) the amounts payable under the
      immediately preceding clauses (II) and (III) shall be subject to netting in
      accordance with Section 2(c) of this Agreement and (y) notwithstanding any
      other
      provision of this Agreement, any amount payable by Party A under the immediately
      preceding clause (III) shall not be netted-off against any amount payable by
      Party B under the immediately preceding clause (I).”

     

    
      	(E)  	
              At
                any time on or before the Latest Settlement Amount Determination
                Day at
                which two or more Market Quotations from Approved Replacements remain
                capable of becoming legally binding upon acceptance, Party B shall
                be
                entitled to accept only the lowest of such Market Quotations (for
                the
                avoidance of doubt, the lowest of such Market Quotations shall be
                the
                lowest Market Quotation of such Market Quotations expressed as a
                positive
                number or, if any of such Market Quotations is expressed as a negative
                number, the Market Quotation expressed as a negative number with
                the
                largest absolute value).

            

    

     

    
      	(ii)  	
              The
                Second Method will apply.

            

    

     

    
      	(g)  	
              “Termination
                Currency”
                means USD.

            

    

     

    
      	(h)  	
              Additional
                Termination Events.
                Additional Termination Events will apply as provided in Part 5(c).
                

            

    

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    Part
      2.  Tax
      Matters.

    

    
      	(a)  	
              Tax
                Representations.
                

            

    

     

    
      	(i)  	
              Payer
                Representations.
                For the purpose of Section 3(e) of this Agreement:
                

            

    

     

    
      	(A)  	
              Party
                A makes the following
                representation(s):

            

    

     

    It
      is not
      required by any applicable law, as modified by the practice of any relevant
      governmental revenue authority, of any Relevant Jurisdiction to make any
      deduction or withholding for or on account of any Tax from any payment (other
      than interest under Section 2(e), 6(d)(ii) or 6(e) of this Agreement) to be
      made
      by it to the other party under this Agreement. In making this representation,
      it
      may rely on: the accuracy of any representations made by the other party
      pursuant to Section 3(f) of this Agreement; (ii) the satisfaction of the
      agreement contained in Section 4(a)(i) or 4(a)(iii) of this Agreement and the
      accuracy and effectiveness of any document provided by the other party pursuant
      to Section 4(a)(i) or 4(a)(iii) of this Agreement; and (iii) the satisfaction
      of
      the agreement of the other party contained in Section 4(d) of this Agreement,
      provided that it shall not be a breach of this representation where reliance
      is
      placed on clause (ii) and the other party does not deliver a form or document
      under Section 4(a)(iii) by reason of material prejudice to its legal or
      commercial position.

    
      	 	 	 

    

    
      	(B)  	
              Party
                B makes the following
                representation(s):

            

    

     

    None.

     

    
      	(ii)  	
              Payee
                Representations.
                For the purpose of Section 3(f) of this Agreement:
                

            

    

     

    
      	(A)  	
              Party
                A makes the following
                representation(s):

            

    

     

    (1)
      It is
      a resident of The Netherlands for the purpose of the application of the existing
      tax treaties between The Netherlands and those countries where offices of Party
      B are located.

    

    (2)
      With
      respect  to
      its
      non-U.S. branches, it is fully eligible for the benefits of the “Business
      Profits” or “Industrial and Commercial Profits” provision, as the case may be,
      the “Interest” provision or the “Other Income” provision (if any) of the
      Specified Treaty with respect to any payment described in such provisions and
      received or to be received by it in connection with this Agreement and no such
      payment is attributable to a trade or business carried on by it through a
      permanent establishment in the Specified Jurisdiction. With respect to Party
      A,
      Specified Treaty means the income tax treaty between the United States and
      The
      Netherlands; Specified Jurisdiction means the United States. 

    

    (3)
      With
      respect to its U.S. branches, each payment received or to be received by it
      in
      connection with this Agreement will be effectively connected with its conduct
      of
      a trade or business in the United States. 

     

    
      	(B)  	
              Party
                B makes the following
                representation(s):

            

    

     

    None. 

     

    
      	(b)  	
              Tax
                Provisions.

            

    

     

    

    
      	(i)  	
              Gross
                Up.
                Section 2(d)(i)(4) shall not apply to Party B as X, and Section 2(d)(ii)
                shall not apply to Party B as Y, in each case such that Party B shall
                not
                be required to pay any additional amounts referred to
                therein.

            

    

     

    
      	(ii)  	
              Indemnifiable
                Tax.
                The definition of “Indemnifiable Tax” in Section 14 is deleted in its
                entirety and replaced with the
                following:

            

    

     

    “Indemnifiable
      Tax”
      means,
      in relation to payments by Party A, any Tax and, in relation to payments by
      Party B, no Tax. 

    

      
        
          
          

        

        
          
          

          
            

          

        

        
          
          

        

      

    

     

    Part
      3.  Agreement
      to Deliver Documents.  

    

    
      	(a)  	
              For
                the purpose of Section 4(a)(i), tax forms, documents, or certificates
                to
                be delivered are:

            

    

     

    

    
      	
              Party
                required to deliver document

            	
              Form/Document/

              Certificate

            	
              Date
                by which to

              be
                delivered

            
	 	 	 
	
              Party
                A

            	
              A
                correct, complete and duly executed U.S. Internal Revenue Service
                Form
                W-8BEN (or successor thereto), together with appropriate attachments,
                that
                eliminates U.S. federal withholding and backup withholding Tax on
                payments
                to Party A under this Agreement.

            	
              (i)
                before the first Payment Date under this Agreement, (ii) promptly
                upon
                reasonable demand by Party B, and (ii) promptly upon learning that
                any
                such form previously provided has become obsolete or
                incorrect.

            
	 	 	 
	
              Party
                B

            	
              At
                closing, a United States Internal Revenue Service Form W-9, or any
                successor form, completed and executed accurately and in a manner
                reasonably satisfactory to Party A, and thereafter, the appropriate
                tax
                certification form (i.e., IRS Form W-9 or IRS Form W-8BEN, W-8IMY,
                W-8EXP
                or W-8ECI, as applicable (or any successor form thereto)) completed
                and
                executed accurately and in a manner reasonably satisfactory to Party
                A,
                with respect to any payments received or to be received by the beneficial
                owner of payments to Party B under this Agreement from time to
                time.

            	
              (i)
                before the first Payment Date under this Agreement, (ii) promptly
                upon
                reasonable demand by Party A, and (ii) promptly upon learning that
                any
                such form previously provided has become obsolete or
                incorrect.

            

    

    

    

    
      	(b)  	
              For
                the purpose of Section 4(a)(ii), other documents to be delivered
                are:

            

    

     

    

    
      	
              Party
                required to deliver document

            	
              Form/Document/

              Certificate

            	
              Date
                by which to

              be
                delivered

            	
              Covered
                by Section 3(d) Representation

            
	 	 	 	 
	
              Party
                A and

              Party
                B

            	
              Any
                documents required by the receiving party to evidence the authority
                of the
                delivering party or its Credit Support Provider, if any, for it to
                execute
                and deliver the Agreement, this Confirmation, and any Credit Support
                Documents to which it is a party, and to evidence the authority of
                the
                delivering party or its Credit Support Provider to perform its obligations
                under the Agreement, this Confirmation and any Credit Support Document,
                as
                the case may be

            	
              Upon
                the execution and delivery of this Agreement

            	
              Yes

            
	 	 	 	 
	
              Party
                A and

              Party
                B

            	
              A
                certificate of an authorized officer of the party, as to the incumbency
                and authority of the respective officers of the party signing the
                Agreement, this Confirmation, and any relevant Credit Support Document,
                as
                the case may be

            	
              Upon
                the execution and delivery of this Agreement

            	
              Yes

            
	 	 	 	 
	
              Party
                A

            	
              Annual
                Report of ABN Amro Holding N.V. containing consolidated financial
                statements certified by independent certified public accountants
                and
                prepared in accordance with generally accepted accounting principles
                in
                the country in which Party A is organized

            	
              Promptly
                upon becoming publicly available

            	
              Yes

            
	 	 	 	 
	
              Party
                A and Party B

            	
              An
                opinion of counsel to such party reasonably satisfactory in form
                and
                substance to the other party, and, in the case of Party B, opinions
                of
                counsel relating to the Pooling and Servicing Agreement and other
                deal
                documents reasonably satisfactory in form and substance to Party
                A.

            	
              Upon
                the execution and delivery of this Agreement

            	
              No

            
	 	 	 	 
	
              Party
                B

            	
              An
                executed copy of the Pooling and Servicing Agreement and other deal
                documents related to this Transaction.

            	
              Promptly
                upon receipt by Party B

            	
              No

            

    

    

    Part
      4. Miscellaneous. 

    

    
      	(a)  	
              Address
                for Notices:
                For the purposes of Section 12(a) of this
                Agreement:

            

    

     

    Address
      for notices or communications to Party A:

    

    (1)
      For
      the purposes of Sections 5, 6 and 7 under this

    Agreement:

    

    ABN
      AMRO
      Bank N.V., Chicago Branch

    Global
      Documentation Unit

    540
      W.
      Madison Street, 22nd Floor

    Chicago,
      IL 60661

    

    Attention:
      Treasury Documentation

    

    Telephone:
       312-904-5214

    Fax:
       312-904-0392

    

    (2)
      For
      all other purposes to the Office through which Party

    A
      is
      acting for the purposes of the relevant

    Transactions:

    

    ABN
      AMRO
      Bank N.V., Amsterdam Head Office

    P.O.
      Box
      283

    1000
      AE
      Amsterdam

    The
      Netherlands

    

    Attention:
      Operations Derivatives Markets

    

    Forex
      Options

    Telephone:
      31-20-6292654

    Telefax:
       31-20-6284832

    

    Swaps

    Telephone:
      31-20-6284448

    Telefax:
       31-20-6281679

    

    Interest
      Related Products

    Telephone:
       31-20-3831226

    Telefax:
       31-20-6282462

    

    Credit
      Derivatives

    Telephone:
      31-20-3831230

    Telefax:
       31-20-3832299

    

    Telex:
      16021 Answerback: ABAM NL

    Electronic
      Messaging System Details: Swift ABNA NL 2A

    

    ABN
      AMRO
      Bank, N.V., Chicago Branch

    540
      West
      Madison Avenue, Suite 2132

    Chicago,
      IL 60661

    

    Attention:
      Treasury Operations

    

    Telephone:
       312-992-5816

    Telefax:
       312-855-5852

    Electronic
      Messaging System Details: ABNA US 33a XXX

    

    ABN
      AMRO
      Bank N.V., London Branch

    199
      Bishopsgate,

    London
      EC2M 3XW,

    United
      Kingdom

    

    Attention:
      Fixed Income Derivatives Documentation

    

    Telex:
      887366 Answerback: ABNALN G

    Telephone:
      44 20 7678 3311

    Telefax:
      44 20 7857 9428

    Electronic
      Messaging System Details: Swift ABNA GB 2L

    

    (For
      all
      purposes)

    

    Address
      for notices or communications to Party B:

    

    Address:   
         LaSalle
      Bank National Association

    135
      South
      LaSalle Street, Suite 1511

    Chicago,
      IL 60603

    Attention:              
        Global
      Securities and Trust Services - BSABS 06-AQ1

    Facsimile:               
        312-904-1368 

    Phone:      
         312-992-2833

    

    (For
      all
      purposes)

    

    
      	(b)  	
              Process
                Agent.
                For the purpose of Section 13(c):

            

    

     

    Party
      A
      appoints as its Process Agent: Not applicable.

    

    Party
      B
      appoints as its Process Agent: Not applicable.

    

    
      	(c)  	
              Offices.
                The provisions of Section 10(a) will apply to this
                Agreement.

            

    

     

    
      	(d)  	
              Multibranch
                Party.
                For the purpose of Section 10(c) of this
                Agreement:

            

    

     

    Party
      A
      is a Multibranch Party and may act through its London, Amsterdam and Chicago
      offices.

    

    
      	 	
              Party
                B is not a Multibranch Party.

            

    

    

    
      	(e)  	
              Calculation
                Agent.
                The Calculation Agent is Party A; provided, however, that if an Event
                of
                Default shall have occurred with respect to Party A, Party B shall
                have
                the right to appoint as Calculation Agent a third party, reasonably
                acceptable to Party A, the cost for which shall be borne by Party
                A.

            

    

     

    
      	(f)  	
              Credit
                Support Document.
                

            

    

     

    
      	 	
              Party
                A:

            	
              The
                Credit Support Annex, and any guarantee in support of Party A’s
                obligations under this Agreement.

            

    

     

    Party
      B:                
 The
      Credit Support Annex, solely in respect of Party B’s obligations under Paragraph
      3(b) of the Credit Support Annex.

     

    
      	(g)  	
              Credit
                Support Provider.

            

    

     

    Party
      A:               
 The
      guarantor under any guarantee in support of Party A’s obligations under this
      Agreement.

    

    Party
      B:                
 None.

    

    
      	(h)  	
              Governing
                Law.
                The parties to this Agreement hereby agree that the law of the State
                of
                New York shall govern their rights and duties in whole, without regard
                to
                the conflict of law provisions thereof other than New York General
                Obligations Law Sections 5-1401 and 5-1402.

            

    

     

    
      	(i)  	
              Netting
                of Payments.
                The parties agree that subparagraph (ii) of Section 2(c) will apply
                to
                each Transaction hereunder. 

            

    

     

    
      	(j)  	
              Affiliate.
                “Affiliate” shall have the meaning assigned thereto in Section 14;
                provided, however, that Party B shall be deemed to have no Affiliates
                for
                purposes of this Agreement, including for purposes of Section
                6(b)(ii).

            

    

    

      
        
          
          

        

        
          
          

          
            

          

        

        
          
          

        

      

    

     

    Part
      5.  Others
      Provisions.

    

    
      	(a)  	
              Definitions.
                Unless otherwise specified in a Confirmation, this Agreement and
                each
                Transaction under this Agreement are subject to the 2000 ISDA Definitions
                as published and copyrighted in 2000 by the International Swaps and
                Derivatives Association, Inc. (the “Definitions”), and will be governed in
                all relevant respects by the provisions set forth in the Definitions,
                without regard to any amendment to the Definitions subsequent to
                the date
                hereof. The provisions of the Definitions are hereby incorporated
                by
                reference in and shall be deemed a part of this Agreement, except
                that (i)
                references in the Definitions to a “Swap Transaction” shall be deemed
                references to a “Transaction” for purposes of this Agreement, and (ii)
                references to a “Transaction” in this Agreement shall be deemed references
                to a “Swap Transaction” for purposes of the Definitions. Each term
                capitalized but not defined in this Agreement shall have the meaning
                assigned thereto in the Pooling and Servicing
                Agreement.

            

    

     

    
      	(b)  	
              Amendments
                to ISDA Master Agreement.

            

    

     

    
      	(i)  	
              Single
                Agreement.
                Section 1(c) is hereby amended by the adding the words “including, for the
                avoidance of doubt, the Credit Support Annex” after the words “Master
                Agreement”. 

            

    

     

    
      	(ii)  	
              [Reserved]

            

    

     

    
      	(iii)  	
              Change
                of Account.
                Section 2(b) is hereby amended by the addition of the following after
                the
                word “delivery” in the first line
                thereof:

            

    

     

    “to
      another account in the same legal and tax jurisdiction as the original
      account”.

    

    
      	(iv)  	
              Representations.
                Section 3 is hereby amended by adding at the end thereof the following
                subsection (g): 

            

    

     

    

    
      	 	
              “(g)

            	
              Relationship
                Between Parties. 

            

    

    

    
      	(1)  	
              Nonreliance.
                (i) It is not relying on any statement or representation of the other
                party regarding the Transaction (whether written or oral), other
                than the
                representations expressly made in this Agreement or the Confirmation
                in
                respect of that Transaction and (ii) it has consulted with its own
                legal,
                regulatory, tax, business, investment, financial and accounting advisors
                to the extent it has deemed necessary, and it has made its own investment,
                hedging and trading decisions based upon its own judgment and upon
                any
                advice from such advisors as it has deemed necessary and not upon
                any view
                expressed by the other party.

            

    

     

    
      	(2)  	
              Evaluation
                and Understanding. (i) It has the capacity to evaluate (internally
                or
                through independent professional advice) the Transaction and has
                made its
                own decision subject to Section 6(n) of this Agreement to enter into
                the
                Transaction and (ii) It understands the terms, conditions and risks
                of the
                Transaction and is willing and able to accept those terms and conditions
                and to assume those risks, financially and otherwise.
                

            

    

    

    
      	(3)  	
              Purpose.
                It is entering into the Transaction for the purposes of managing
                its
                borrowings or investments, hedging its underlying assets or liabilities
                or
                in connection with a line of business.

            

    

    

    
      	(4)  	
              Status
                of Parties. The other party is not acting as an agent, fiduciary
                or
                advisor for it in respect of the Transaction.

            

    

    

    
      	(5)  	
              Eligible
                Contract Participant. It is an “eligible swap participant” as such term is
                defined in, Section 35.1(b)(2) of the regulations (17 C.F.R. 35)
                promulgated under, and an “eligible contract participant” as defined in
                Section 1(a)(12) of the Commodity Exchange Act, as
                amended.”

            

    

    

    
      	(v)  	
              Transfer
                to Avoid Termination Event.
                Section 6(b)(ii) is hereby amended by (i) deleting the words “or if a Tax
                Event Upon Merger occurs and the Burdened Party is the Affected Party,”
                and (ii) by deleting the words “to transfer” and inserting the words “to
                effect a Permitted Transfer” in lieu
                thereof.

            

    

     

    
      	(vi)  	
              Jurisdiction.
                Section 13(b) is hereby amended by: (i) deleting in the second line
                of
                subparagraph (i) thereof the word "non-", (ii) deleting “; and” from the
                end of subparagraph 1 and inserting “.” in lieu thereof, and (iii)
                deleting the final paragraph
                thereof.

            

    

     

    
      	(vii)  	
              Local
                Business Day.
                The definition of Local Business Day in Section 14 is hereby amended
                by
                the addition of the words “or any Credit Support Document” after “Section
                2(a)(i)” and the addition of the words “or Credit Support Document” after
                “Confirmation”. 

            

    

     

    
      	(c)  	
              Additional
                Termination Events. The following Additional Termination Events will
                apply:

            

    

     

    
      	(i)  	
              First
                Rating Trigger Collateral.
                If (A) it is not the case that a Moody’s Second Trigger Ratings Event has
                occurred and been continuing for 30 or more Local Business Days and
                (B)
                Party A has failed to comply with or perform any obligation to be
                complied
                with or performed by Party A in accordance with the Credit Support
                Annex,
                then an Additional Termination Event shall have occurred with respect
                to
                Party A and Party A shall be the sole Affected Party with respect
                to such
                Additional Termination Event. 

            

    

     

    
      	(ii)  	
              Second
                Rating Trigger Replacement.
                If (A) a Required Ratings Downgrade Event has occurred and been continuing
                for 30 or more Local Business Days and (B) (i) at least one Eligible
                Replacement has made a Firm Offer to be the transferee of all of
                Party A’s
                rights and obligations under this Agreement (and such Firm Offer
                remains
                an offer that will become legally binding upon such Eligible Replacement
                upon acceptance by the offeree) and/or (ii) an Eligible Guarantor
                has made
                a Firm Offer to provide an Eligible Guarantee (and such Firm Offer
                remains
                an offer that will become legally binding upon such Eligible Guarantor
                immediately upon acceptance by the offeree), then an Additional
                Termination Event shall have occurred with respect to Party A and
                Party A
                shall be the sole Affected Party with respect to such Additional
                Termination Event. 

            

    

     

    
      	(iii)  	
              Amendment
                of Pooling and Servicing Agreement.
                If, without the prior written consent of Party A where such consent
                is
                required under the Pooling and Servicing Agreement (such consent
                not to be
                unreasonably withheld), an amendment is made to the Pooling and Servicing
                Agreement (excluding, for the avoidance of doubt, any amendment to
                the
                Pooling and Servicing Agreement that is entered into solely for the
                purpose of appointing a successor servicer, master servicer, securities
                administrator, trustee or other service provider), an Additional
                Termination Event shall have occurred with respect to Party B and
                Party B
                shall be the sole Affected Party with respect to such Additional
                Termination Event. 

            

    

     

    
      	(iv)  	
              Trust
                Termination.
                If the Trust is terminated pursuant to the Pooling and Servicing
                Agreement
                other than in an Optional Termination, an Additional Termination
                Event
                shall have occurred with respect to Party B and Party B shall be
                the sole
                Affected Party with respect to such Additional Termination Event.
                Notwithstanding anything in Section 6 to the contrary, any amounts
                due as
                a result of the occurrence of an Additional Termination Event described
                in
                this paragraph (iv) may be calculated prior to the related Early
                Termination Date and shall be payable on the final Distribution Date
                in
                connection with the termination of the
                trust.

            

    

     

    
      	(v)  	
              Optional
                Termination of Securitization.
                An Additional Termination Event shall occur upon the notice to
                Certificateholders of an Optional Termination becoming unrescindable
                in
                accordance with Article X of the Pooling and Servicing Agreement
                (such
                notice, the “Optional Termination Notice”). With respect to such
                Additional Termination Event: (A) Party B shall be the sole Affected
                Party; (B) notwithstanding anything to the contrary in Section 6(b)(iv)
                or
                Section 6(c)(i), the final Distribution Date specified in the Optional
                Termination Notice is hereby designated as the Early Termination
                Date for
                this Additional Termination Event in respect of all Affected Transactions;
                (C) Section 2(a)(iii)(2) shall not be applicable to any Affected
                Transaction in connection with the Early Termination Date resulting
                from
                this Additional Termination Event; notwithstanding anything to the
                contrary in Section 6(c)(ii), payments and deliveries under Section
                2(a)(i) or Section 2(e) in respect of the Terminated Transactions
                resulting from this Additional Termination Event will be required
                to be
                made through and including the Early Termination Date designated
                as a
                result of this Additional Termination Event; provided, for the avoidance
                of doubt, that any such payments or deliveries that are made on or
                prior
                to such Early Termination Date will not be treated as Unpaid Amounts
                in
                determining the amount payable in respect of such Early Termination
                Date;
                (D) notwithstanding anything to the contrary in Section 6(d)(i),
                (I) if,
                on the day that is four Business Days prior to the final Distribution
                Date
                specified in the Optional Termination Notice, no later than 4:00
                pm New
                York City time the Trustee requests the amount of the Estimated Swap
                Termination Payment, Party A shall provide to the Trustee in writing
                (which may be done in electronic format) the amount of the Estimated
                Swap
                Termination Payment no later than 2:00 pm New York City time on the
                following Business Day and (II) if the Trustee provides written notice
                (which may be done in electronic format) to Party A no later than
                two
                Business Days prior to the final Distribution Date specified in the
                Optional Termination Notice that all requirements of the Optional
                Termination have been met, then Party A shall, no later than one
                Business
                Day prior to the final Distribution Date specified in the Optional
                Termination Notice, make the calculations contemplated by Section
                6(e) of
                the ISDA Master Agreement (as amended herein) and provide to the
                Trustee
                in writing (which may be done in electronic format) the amount payable
                by
                either Party B or Party A in respect of the related Early Termination
                Date
                in connection with this Additional Termination Event; provided, however,
                that the amount payable by Party B, if any, in respect of the related
                Early Termination Date shall be the lesser of (x) the amount calculated
                to
                be due by Party B pursuant to Section 6(e) and (y) the Estimated
                Swap
                Termination Payment; and (E) notwithstanding anything to the contrary
                in
                this Agreement, any amount due from Party B to Party A in respect
                of this
                Additional Termination Event will be payable on the final Distribution
                Date specified in the Optional Termination Notice and any amount
                due from
                Party A to Party B in respect of this Additional Termination Event
                will be
                payable one Business Day prior to the final Distribution Date specified
                in
                the Optional Termination Notice. 

            

    

     

    The
      Trustee shall be an express third party beneficiary of this Agreement as if
      a
      party hereto to the extent of the Trustee’s rights specified herein.

     

    
      	(d)  	
              Required
                Ratings Downgrade Event.
                In the event that no Relevant Entity has credit ratings at least
                equal to
                the Required Ratings Threshold (such event, a “Required Ratings Downgrade
                Event”), then Party A shall, as soon as reasonably practicable and so long
                as a Required Ratings Downgrade Event is in effect, at its own expense,
                using commercially reasonable efforts, procure either (A) a Permitted
                Transfer or (B) an Eligible Guarantee from an Eligible Guarantor.
                

            

    

     

    
      	(e)  	
              Item
                1115 Agreement.
                Party A and Party B hereby agree that the terms of the Item 1115
                Agreement, dated as of November 22, 2006 (the “Item 1115 Agreement”),
                among, EMC Mortgage Corporation (the “Sponsor”), Bear Stearns Asset Backed
                Securities I LLC and Structured Asset Mortgage Investments II Inc.
                (each,
                as applicable, the “Depositor”) and Party A shall be incorporated by
                reference into this Agreement and Party B shall be an express third
                party
                beneficiary of the Item 1115 Agreement. A copy of the Item 1115 Agreement
                is annexed hereto at Annex B. 

            

    

     

    
      	(f)  	
              Transfers.
                

            

    

     

    
      	(i)  	
              Section
                7 is hereby amended to read in its entirety as
                follows:

            

    

     

    “Subject
      to Section 6(b)(ii), Part 5(d), the Item 1115 Agreement and Part 5(e), neither
      Party A nor Party B is permitted to assign, novate or transfer (whether by
      way
      of security or otherwise) as a whole or in part any of its rights, obligations
      or interests under the Agreement or any Transaction unless (a) they have secured
      the prior written consent of the other party and (b) the Rating Agency Condition
      has been satisfied with respect to S&P.” 

     

    
      	(ii)  	
              If
                an Eligible Replacement has made a Firm Offer (which remains an offer
                that
                will become legally binding upon acceptance by Party B) to be the
                transferee pursuant to a Permitted Transfer, Party B shall, at Party
                A’s
                written request and at Party A’s expense, take any reasonable steps
                required to be taken by Party B to effect such transfer.
                

            

    

     

    
      	(g)  	
              Non-Recourse.
                Party A acknowledges and agree that, notwithstanding any provision
                in this
                Agreement to the contrary, the obligations of Party B hereunder are
                limited recourse obligations of Party B, payable solely from the
                Group II
                Supplemental Interest Trust and the proceeds thereof, in accordance
                with
                the priority of payments and other terms of the Pooling and Servicing
                Agreement and that Party A will not have any recourse to any of the
                directors, officers, employees, shareholders or affiliates of the
                Party B
                with respect to any claims, losses, damages, liabilities, indemnities
                or
                other obligations in connection with any transactions contemplated
                hereby.
                In the event that the Group II Supplemental Interest Trust and the
                proceeds thereof, should be insufficient to satisfy all claims outstanding
                and following the realization of the account held by the Group II
                Supplemental Interest Trust and the proceeds thereof, any claims
                against
                or obligations of Party B under the ISDA Master Agreement or any
                other
                confirmation thereunder still outstanding shall be extinguished and
                thereafter not revive. The Group II Supplemental Interest Trust Trustee
                shall not have liability for any failure or delay in making a payment
                hereunder to Party A due to any failure or delay in receiving amounts
                in
                the account held by the Group II Supplemental Interest Trust from
                the
                Trust created pursuant to the Pooling and Servicing Agreement. For
                the
                avoidance of doubt, nothing in this Part 5(g) shall preclude Party
                A from
                declaring an Event of Default or from exercising any other right
                or remedy
                as set forth in this Agreement or the Pooling and Servicing Agreement.
                This provision will survive the termination of this
                Agreement.

            

    

     

    
      	(h)  	
              Timing
                of Payments by Party B upon Early Termination.
                Notwithstanding anything to the contrary in Section 6(d)(ii), to
                the
                extent that all or a portion (in either case, the “Unfunded Amount”) of
                any amount that is calculated as being due in respect of any Early
                Termination Date under Section 6(e) from Party B to Party A will
                be paid
                by Party B from amounts other than any upfront payment paid to Party
                B by
                an Eligible Replacement that has entered a Replacement Transaction
                with
                Party B, then such Unfunded Amount shall be due on the Distribution
                Date
                immediately following the date on which the payment would have been
                payable as determined in accordance with Section 6(d)(ii), and on
                any
                subsequent Distribution Dates until paid in full (or if such Early
                Termination Date is the final Distribution Date, on such final
                Distribution Date); provided, however, that if the date on which
                the
                payment would have been payable as determined in accordance with
                Section
                6(d)(ii) is a Distribution Date, such payment will be payable on
                such
                Distribution Date.

            

    

     

    
      	(i)  	
              Rating
                Agency Notifications.
                Notwithstanding any other provision of this Agreement, no Early
                Termination Date shall be effectively designated hereunder by Party
                B and
                no transfer of any rights or obligations under this Agreement shall
                be
                made by either party unless each Swap Rating Agency has been given
                prior
                written notice of such designation or transfer.

            

    

     

    
      	(j)  	
              No
                Set-off.
                Except as expressly provided for in Section 2(c), Section 6 or Part
                1(f)(i)(D) hereof, and notwithstanding any other provision of this
                Agreement or any other existing or future agreement, each party
                irrevocably waives any and all rights it may have to set off, net,
                recoup
                or otherwise withhold or suspend or condition payment or performance
                of
                any obligation between it and the other party hereunder against any
                obligation between it and the other party under any other agreements.
                Section 6(e) shall be amended by deleting the following sentence:
“The
                amount, if any, payable in respect of an Early Termination Date and
                determined pursuant to this Section will be subject to any
                Set-off.”.

            

    

     

    
      	(k)  	
              Amendment.
                Notwithstanding any provision to the contrary in this Agreement,
                no
                amendment of either this Agreement or any Transaction under this
                Agreement
                shall be permitted by either party unless each of the Swap Agencies
                has
                been provided prior written notice of the same and such amendment
                satisfies the Rating Agency Condition with respect to
                S&P.

            

    

     

    
      	(l)  	
              Notice
                of Certain Events or Circumstances.
                Each Party agrees, upon learning of the occurrence or existence of
                any
                event or condition that constitutes (or that with the giving of notice
                or
                passage of time or both would constitute) an Event of Default or
                Termination Event with respect to such party, promptly to give the
                other
                Party and to each Swap Rating Agency notice of such event or condition;
                provided that failure to provide notice of such event or condition
                pursuant to this Part 5(l) shall not constitute an Event of Default
                or a
                Termination Event.

            

    

     

    
      	(m)  	
              Proceedings.
                No Relevant Entity shall institute against, or cause any other person
                to
                institute against, or join any other person in instituting against
                Party
                B, the Group II Supplemental Interest Trust, or the trust formed
                pursuant
                to the Pooling and Servicing Agreement, in any bankruptcy, reorganization,
                arrangement, insolvency or liquidation proceedings or other proceedings
                under any federal or state bankruptcy or similar law for a period
                of one
                year (or, if longer, the applicable preference period) and one day
                following payment in full of the Certificates and any Notes; provided
                however, that this provision shall not preclude, or be deemed to
                stop, a
                Relevant Entity or an Affiliate of a Relevant Entity (i) from taking
                any
                action prior to the expiration of the aforementioned one year and
                one day
                period, or if longer the applicable preference period then in effect,
                in
                (A) any case or proceeding voluntarily filed or commenced by Party
                B or
                (B) any involuntary insolvency proceeding filed or commenced by a
                Person
                other than a Relevant Entity or an Affiliate of a Relevant Entity,
                or (ii)
                from commencing against Party B or any of the Mortgage Loans any
                legal
                action which is not a bankruptcy, reorganization, arrangement, insolvency,
                moratorium, liquidation or similar proceeding. This provision will
                survive
                the termination of this Agreement.

            

    

     

    
      	(n)  	
              Group
                II Supplemental Interest Trust Trustee Liability
                Limitations.
                It is expressly understood and agreed by the parties hereto that
                (a) this
                Agreement is executed by LaSalle Bank National Association (“LaSalle”) not
                in its individual capacity, but solely as Group II Supplemental Interest
                Trust Trustee under the Pooling and Servicing Agreement in the exercise
                of
                the powers and authority conferred and invested in it thereunder;
                (b) the
                Group II Supplemental Interest Trust Trustee has been directed pursuant
                to
                the Pooling and Servicing Agreement to enter into this Agreement
                and to
                perform its obligations hereunder; (c) each of the representations,
                undertakings and agreements herein made on behalf of the Group II
                Supplemental Interest Trust is made and intended not as personal
                representations of the Group II Supplemental Interest Trust Trustee
                but is
                made and intended for the purpose of binding only the Group II
                Supplemental Interest Trust; and (d) under no circumstances shall
                LaSalle
                in its individual capacity be personally liable for any payments
                hereunder
                or for the breach or failure of any obligation, representation, warranty
                or covenant made or undertaken under this
                Agreement.

            

    

     

    
      	(o)  	
              Severability.
                If any term, provision, covenant, or condition of this Agreement,
                or the
                application thereof to any party or circumstance, shall be held to
                be
                invalid or unenforceable (in whole or in part) in any respect, the
                remaining terms, provisions, covenants, and conditions hereof shall
                continue in full force and effect as if this Agreement had been executed
                with the invalid or unenforceable portion eliminated, so long as
                this
                Agreement as so modified continues to express, without material change,
                the original intentions of the parties as to the subject matter of
                this
                Agreement and the deletion of such portion of this Agreement will
                not
                substantially impair the respective benefits or expectations of the
                parties; provided, however, that this severability provision shall
                not be
                applicable if any provision of Section 2, 5, 6, or 13 (or any definition
                or provision in Section 14 to the extent it relates to, or is used
                in or
                in connection with any such Section) shall be so held to be invalid
                or
                unenforceable. 

            

    

     

    The
      parties shall endeavor to engage in good faith negotiations to replace any
      invalid or unenforceable term, provision, covenant or condition with a valid
      or
      enforceable term, provision, covenant or condition, the economic effect of
      which
      comes as close as possible to that of the invalid or unenforceable term,
      provision, covenant or condition. 

    

    
      	(p)  	
              Agent
                for Party B.
                Party A acknowledges that the Group II Supplemental Interest Trust
                Trustee
                has been appointed as agent under the Pooling and Servicing Agreement
                to
                carry out certain functions on behalf of Party B, and that the Group
                II
                Supplemental Interest Trust Trustee shall be entitled to give notices
                and
                to perform and satisfy the obligations of Party B hereunder on behalf
                of
                Party B.

            

    

     

    
      	(q)  	
              Escrow
                Payments.
                If (whether by reason of the time difference between the cities in
                which
                payments are to be made or otherwise) it is not possible for simultaneous
                payments to be made on any date on which both parties are required
                to make
                payments hereunder, either Party may at its option and in its sole
                discretion notify the other Party that payments on that date are
                to be
                made in escrow. In this case deposit of the payment due earlier on
                that
                date shall be made by 2:00 pm (local time at the place for the earlier
                payment) on that date with an escrow agent selected by the notifying
                party, accompanied by irrevocable payment instructions (i) to release
                the
                deposited payment to the intended recipient upon receipt by the escrow
                agent of the required deposit of any corresponding payment payable
                by the
                other party on the same date accompanied by irrevocable payment
                instructions to the same effect or (ii) if the required deposit of
                the
                corresponding payment is not made on that same date, to return the
                payment
                deposited to the party that paid it into escrow. The party that elects
                to
                have payments made in escrow shall pay all costs of the escrow
                arrangements.

            

    

     

    
      	(r)  	
              Consent
                to Recording.
                Each party hereto consents to the monitoring or recording, at any
                time and
                from time to time, by the other party of any and all communications
                between trading, marketing, and operations personnel of the parties
                and
                their Affiliates, waives any further notice of such monitoring or
                recording, and agrees to notify such personnel of such monitoring
                or
                recording. 

            

    

     

    
      	(s)  	
              Waiver
                of Jury Trial.
                Each party waives any right it may have to a trial by jury in respect
                of
                any in respect of any suit, action or proceeding relating to this
                Agreement or any Credit Support Document.

            

    

     

    
      	(t)  	
              Form
                of ISDA Master Agreement.
                Party A and Party B hereby agree that the text of the body of the
                ISDA
                Master Agreement is intended to be the printed form of the ISDA Master
                Agreement (Multicurrency - Crossborder) as published and copyrighted
                in
                1992 by the International Swaps and Derivatives Association,
                Inc.

            

    

     

    
      	(u)  	
              Payment
                Instructions.
                Party A hereby agrees that, unless notified in writing by Party B
                of other
                payment instructions, any and all amounts payable by Party A to Party
                B
                under this Agreement shall be paid to the account specified in Item
                4 of
                this Confirmation, below. 

            

    

     

    
      	(v)  	
              Additional
                representations.

            

    

     

    
      	(i)  	
              Representations
                of Party A.
                Party A represents to Party B on the date on which Party A enters
                into
                each Transaction that:--

            

    

     

    Party
      A’s
      obligations under this Agreement rank pari passu with all of Party A’s other
      unsecured, unsubordinated obligations except those obligations preferred by
      operation of law.

    

    
      	(ii)  	
              Representations
                of Party B.
                Party B represents to Party A on the date on which Party B enters
                into
                each Transaction that:--

            

    

     

    In
      its
      capacity as Group II Supplemental Interest Trust Trustee of the Group II
      Supplemental Interest Trust, the Group II Supplemental Interest Trust Trustee
      has been authorized under the Pooling and Servicing Agreement to execute this
      Agreement, to deliver this Agreement, to perform the obligations (on behalf
      of
      the Group II Supplemental Interest Trust) under this Agreement and any
      obligations (on behalf of the Group II Supplemental Interest Trust) under any
      Credit Support Document to which the Group II Supplemental Interest Trust
      Trustee on behalf of the Group II Supplemental Interest Trust is party and
      has
      taken all necessary action to authorize such execution, delivery and
      performance.

     

    
      	(iii)  	
              Capacity.
                Party A represents to Party B on the date on which Party A enters
                into
                this Agreement that it is entering into the Agreement and the Transaction
                as principal and not as agent of any person. Party B represents to
                Party A
                on the date on which Party B enters into this Agreement that it is
                entering into the Agreement and the Transaction in its capacity as
                Group
                II Supplemental Interest Trustee.

            

    

     

    
      	(w)  	
              Acknowledgements.

            

    

     

    
      	(i)  	
              Substantial
                financial transactions.
                Each party hereto is hereby advised and acknowledges as of the date
                hereof
                that the other party has engaged in (or refrained from engaging in)
                substantial financial transactions and has taken (or refrained from
                taking) other material actions in reliance upon the entry by the
                parties
                into the Transaction being entered into on the terms and conditions
                set
                forth herein and in the Pooling and Servicing Agreement relating
                to such
                Transaction, as applicable. This paragraph shall be deemed repeated
                on the
                trade date of each Transaction.

            

    

     

    
      	(ii)  	
              Bankruptcy
                Code.
                Subject to Part 5(m), without limiting the applicability if any,
                of any
                other provision of the U.S. Bankruptcy Code as amended (the “Bankruptcy
                Code”) (including without limitation Sections 362, 546, 556, and 560
                thereof and the applicable definitions in Section 101 thereof), the
                parties acknowledge and agree that all Transactions entered into
                hereunder
                will constitute “forward contracts” or “swap agreements” as defined in
                Section 101 of the Bankruptcy Code or “commodity contracts” as defined in
                Section 761 of the Bankruptcy Code, that the rights of the parties
                under
                Section 6 of this Agreement will constitute contractual rights to
                liquidate Transactions, that any margin or collateral provided under
                any
                margin, collateral, security, pledge, or similar agreement related
                hereto
                will constitute a “margin payment” as defined in Section 101 of the
                Bankruptcy Code, and that the parties are entities entitled to the
                rights
                under, and protections afforded by, Sections 362, 546, 556, and 560
                of the
                Bankruptcy Code.

            

    

     

    
      	(iii)  	
              Regarding
                Party A.
                Party B acknowledges and agrees that Party A has had and will have
                no
                involvement in and, accordingly Party A accepts no responsibility
                for: (i)
                the establishment, structure, or choice of assets of Party B; (ii)
                the
                selection of any person performing services for or acting on behalf
                of
                Party B; (iii) the selection of Party A as the swap counterparty;
                (iv) the
                terms of the Certificates; (v) the preparation of or passing on the
                disclosure and other information contained in any offering circular
                for
                the Certificates, the Pooling and Servicing Agreement, or any other
                agreements or documents used by Party B or any other party in connection
                with the marketing and sale of the Certificates (other than information
                provided by Party A for purposes of the disclosure document relating
                to
                the Class I-A Certificates and the Class I-M Certificates, (vi) the
                ongoing operations and administration of Party B, including the furnishing
                of any information to Party B which is not specifically required
                under
                this Agreement; or (vii) any other aspect of Party B's
                existence.

            

    

     

    
      	(x)  	
              [Reserved]

            

    

     

    
      	(y)  	
              [Reserved]

            

    

     

    
      	(z)  	
              Additional
                Definitions.
                

            

    

     

    As
      used
      in this Agreement, the following terms shall have the meanings set forth below,
      unless the context clearly requires otherwise: 

     

    “Approved
      Ratings Threshold”
means
      each of the S&P Approved Ratings Threshold and the Moody’s First Trigger
      Ratings Threshold.

     

    “Approved
      Replacement”
means,
      with respect to a Market Quotation, an entity making such Market Quotation,
      which entity would satisfy conditions (a), (b) and (c) of the definition of
      Permitted Transfer (as determined by Party B in its sole discretion, acting
      in a
      commercially reasonable manner) if such entity were a Transferee, as defined
      in
      the definition of Permitted Transfer.

     

    “Derivative
      Provider Trigger Event”
means
      (i) an Event of Default with respect to which Party A is a Defaulting Party,
      (ii) a Termination Event with respect to which Party A is the sole Affected
      Party or (iii) an Additional Termination Event with respect to which Party
      A is
      the sole Affected Party.

     

    “Eligible
      Guarantee”
means
      an unconditional and irrevocable guarantee of all present and future obligations
      (for the avoidance of doubt, not limited to payment obligations) of Party A
      or
      an Eligible Replacement to Party B under this Agreement that is provided by
      an
      Eligible Guarantor as principal debtor rather than surety and that is directly
      enforceable by Party B, the form and substance of which guarantee are subject
      to
      the Rating Agency Condition with respect to S&P, and either (A) a law firm
      has given a legal opinion confirming that none of the guarantor’s payments to
      Party B under such guarantee will be subject to Tax collected by withholding
      or
      (B) such guarantee provides that, in the event that any of such guarantor’s
      payments to Party B are subject to Tax collected by withholding, such guarantor
      is required to pay such additional amount as is necessary to ensure that the
      net
      amount actually received by Party B (free and clear of any Tax collected by
      withholding) will equal the full amount Party B would have received had no
      such
      withholding been required.

     

    “Eligible
      Guarantor”
means
      an entity that (A) has credit ratings at least equal to the Approved Ratings
      Threshold or (B) has credit ratings at least equal to the Required Ratings
      Threshold, provided, for the avoidance of doubt, that an Eligible Guarantee
      of
      an Eligible Guarantor with credit ratings below the Approved Ratings Threshold
      will not cause a Collateral Event (as defined in the Credit Support Annex)
      not
      to occur or continue. 

     

    “Eligible
      Replacement”
means
      an entity (A) (i) that has credit ratings at least equal to the Approved Ratings
      Threshold, (ii) has credit ratings at least equal to the Required Ratings
      Threshold, provided, for the avoidance of doubt, that an Eligible Guarantee
      of
      an Eligible Guarantor with credit ratings below the Approved Ratings Threshold
      will not cause a Collateral Event (as defined in the Credit Support Annex)
      not
      to occur or continue, or (iii) the present and future obligations (for the
      avoidance of doubt, not limited to payment obligations) of which entity to
      Party
      B under this Agreement are guaranteed pursuant to an Eligible Guarantee provided
      by an Eligible Guarantor and (B) that has executed an Item 1115 Agreement with
      the Sponsor and Depositor.

     

    “Estimated
      Swap Termination Payment”
means,
      with respect to an Early Termination Date, an amount determined by Party A
      in
      good faith and in a commercially reasonable manner as the maximum payment that
      could be owed by Party B to Party A in respect of such Early Termination Date
      pursuant to Section 6(e) of the ISDA Master Agreement, taking into account
      then
      current market conditions.

     

    “Firm
      Offer”
means
      (A) with respect to an Eligible Replacement, a quotation from such Eligible
      Replacement (i) in an amount equal to the actual amount payable by or to Party
      B
      in consideration of an agreement between Party B and such Eligible Replacement
      to replace Party A as the counterparty to this Agreement by way of novation or,
      if such novation is not possible, an agreement between Party B and such Eligible
      Replacement to enter into a Replacement Transaction (assuming that all
      Transactions hereunder become Terminated Transactions), and (ii) that
      constitutes an offer by such Eligible Replacement to replace Party A as the
      counterparty to this Agreement or enter a Replacement Transaction that will
      become legally binding upon such Eligible Replacement upon acceptance by Party
      B, and (B) with respect to an Eligible Guarantor, an offer by such Eligible
      Guarantor to provide an Eligible Guarantee that will become legally binding
      upon
      such Eligible Guarantor upon acceptance by the offeree.

     

    “Moody’s”
means
      Moody’s Investors Service, Inc., or any successor thereto. 

     

    “Moody’s
      First Trigger Ratings Threshold”
means,
      with respect to Party A, the guarantor under an Eligible Guarantee or an
      Eligible Replacement, (i) if such entity has both a long-term unsecured and
      unsubordinated debt rating or counterparty rating from Moody’s and a short-term
      unsecured and unsubordinated debt rating from Moody’s, a long-term unsecured and
      unsubordinated debt rating or counterparty rating from Moody’s of “A2” and a
      short-term unsecured and unsubordinated debt rating from Moody’s of “Prime-1”,
      or (ii) if such entity has only a long-term unsecured and unsubordinated debt
      rating or counterparty rating from Moody’s, a long-term unsecured and
      unsubordinated debt rating or counterparty rating from Moody’s of
“A1”.

     

    “Moody’s
      Second Trigger Ratings Event”
means
      that no Relevant Entity has credit ratings from Moody’s at least equal to the
      Moody’s Second Trigger Rating Threshold. 

     

    “Moody’s
      Second Trigger Ratings Threshold”
means,
      with respect to Party A, the guarantor under an Eligible Guarantee or an
      Eligible Replacement, (i) if such entity has both a long-term unsecured and
      unsubordinated debt rating or counterparty rating from Moody’s and a short-term
      unsecured and unsubordinated debt rating from Moody’s, a long-term unsecured and
      unsubordinated debt rating or counterparty rating from Moody’s of “A3” or a
      short-term unsecured and unsubordinated debt rating from Moody’s of “Prime-2”,
      or (ii) if such entity has only a long-term unsecured and unsubordinated debt
      rating or counterparty rating from Moody’s, a long-term unsecured and
      unsubordinated debt rating or counterparty rating from Moody’s of
“A3”.

     

    “Permitted
      Transfer” means
      a
      transfer by novation by Party A to a transferee (the “Transferee”)
      of all,
      but not less than all, of Party A’s rights, liabilities, duties and obligations
      under this Agreement, with respect to which transfer each of the following
      conditions is satisfied: (a) the Transferee is an Eligible Replacement that
      is a
      recognized dealer in interest rate swaps organized under the laws of the United
      States of America or a jurisdiction located in the United States of America
      (or
      another jurisdiction reasonably acceptable to Party B), (b) as of the date
      of
      such transfer the Transferee would not be required to withhold or deduct on
      account of Tax from any payments under this Agreement or would be required
      to
      gross up for such Tax under Section 2(d)(i)(4), (c) an Event of Default or
      Termination Event would not occur as a result of such transfer, (d) Party B
      has
      consented in writing to the transfer, such consent not to be unreasonably
      withheld, (e) pursuant to a written instrument (the “Transfer
      Agreement”),
      the
      Transferee acquires and assumes all rights and obligations of Party A under
      the
      Agreement and the relevant Transaction, (f) Party B shall have determined,
      in
      its sole discretion, acting in a commercially reasonable manner, that such
      Transfer Agreement is effective to transfer to the Transferee all, but not
      less
      than all, of Party A’s rights and obligations under the Agreement and all
      relevant Transactions; (g) Party A will be responsible for any costs or expenses
      incurred in connection with such transfer (including any replacement cost of
      entering into a replacement transaction); (h) either (A) Moody’s has been given
      prior written notice of such transfer and the Rating Agency Condition is
      satisfied with respect to S&P or (B) each Swap Rating Agency has been given
      prior written notice of such transfer and such transfer is in connection with
      the assignment and assumption of this Agreement without modification of its
      terms, other than party names, dates relevant to the effective date of such
      transfer, tax representations (provided that the representations in Part 2(a)(i)
      are not modified) and any other representations regarding the status of the
      substitute counterparty of the type included in Part 5(b)(iv), Part 5(v)(i)(2)
      or Part 5(v)(ii), notice information and account details; and (i) such transfer
      otherwise complies with the terms of the Pooling and Servicing
      Agreement.

     

    “Rating
      Agency Condition”
      means,
      with respect to any particular proposed act or omission to act hereunder and
      each Swap Rating Agency specified in connection with such proposed act or
      omission, that the party acting or failing to act must consult with each of
      the
      specified Swap Rating Agencies and receive from each such Swap Rating Agency
      a
      prior written confirmation that the proposed action or inaction would not cause
      a downgrade or withdrawal of the then-current rating of any Certificates or
      Notes.

     

    “Relevant
      Entity”
means
      Party A and, to the extent applicable, a guarantor under an Eligible
      Guarantee.

     

    “Replacement
      Transaction”
means,
      with respect to any Terminated Transaction or group of Terminated Transactions,
      a transaction or group of transactions that (i) would have the effect of
      preserving for Party B the economic equivalent of any payment or delivery
      (whether the underlying obligation was absolute or contingent and assuming
      the
      satisfaction of each applicable condition precedent) by the parties under
      Section 2(a)(i) in respect of such Terminated Transaction or group of Terminated
      Transactions that would, but for the occurrence of the relevant Early
      Termination Date, have been required after that Date, and (ii) has terms which
      are substantially the same as this Agreement, including, without limitation,
      rating triggers, Regulation AB compliance, and credit support documentation,
      save for the exclusion of provisions relating to Transactions that are not
      Terminated Transaction, as determined by Party B in its sole discretion, acting
      in a commercially reasonable manner.

     

    “Required
      Ratings Downgrade Event”
shall
      have the meaning assigned thereto in Part 5(d).

     

    “Required
      Ratings Threshold”
means
      each of the S&P Required Ratings Threshold and the Moody’s Second Trigger
      Ratings Threshold.

     

    “S&P”
means
      Standard & Poor's Rating Services, a division of The McGraw-Hill Companies,
      Inc., or any successor thereto. 

     

    “S&P
      Approved Ratings Threshold”
means,
      with respect to Party A, the guarantor under an Eligible Guarantee or an
      Eligible Replacement, a short-term unsecured and unsubordinated debt rating
      from
      S&P of “A-1”, or, if such entity does not have a short-term unsecured and
      unsubordinated debt rating from S&P, a long-term unsecured and
      unsubordinated debt rating from S&P of “A+”.

     

    “S&P
      Required Ratings Downgrade Event”
means
      that no Relevant Entity has credit ratings at least equal to the S&P
      Required Ratings Threshold.

     

    “S&P
      Required Ratings Threshold”
means,
      with respect to Party A, the guarantor under an Eligible Guarantee or an
      Eligible Replacement, a long-term unsecured and unsubordinated debt rating
      from
      S&P of “BBB+”. 

     

    “Swap
      Rating Agencies”
means,
      with respect to any date of determination, each of S&P and Moody’s, to the
      extent that each such rating agency is then providing a rating for any of the
      Bear Stearns Asset Backed Securities I Trust 2006-AQ1, Asset-Backed
      Certificates, Series 2006-AQ1 (the “Certificates”) or any notes backed by the
      Certificates (the “Notes”).

     

    [Remainder
      of this page intentionally left blank.]

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    4. Account
      Details and Settlement Information:

    

    Payments
      to Party A:           
  ABN
      AMRO
      Bank N.V., New York, ABNAUS33

    CHIPS
      007535

    ABA
      No.
      026009580

    A/C
      Name:
      ABN Amro Bank N.V., London

    A/C
      No.
      /661001036741

    Ref.
      DCM

    

     

    Payments
      to Party
      B:            
  LaSalle
      Bank

    ABA
      #071000505

    LaSalle
      CHGO/CTR/BNF:/LASALLE TRUST

    Ref
      Trust
      A/C# 724265.3

    

    This
      Agreement may be executed in several counterparts, each of which shall be deemed
      an original but all of which together shall constitute one and the same
      instrument.

    

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    

    We
      are
      very pleased to have executed this Transaction with you and we look forward
      to
      completing other transactions with you in the near future.

    

    Very
      truly yours,

    

    ABN
      AMRO
      Bank N.V.

    

    

    By: _______________________________  
By: _______________________________ 

    Name:     
           
 
      Name:   

    Title:                                                                                        
       Title:

     

     

    Party
      B,
      acting through its duly authorized signatory, hereby agrees to, accepts and
      confirms the terms of the foregoing as of the date hereof.

    

    LaSalle
      Bank National Association, not individually, but solely as Group II Supplemental
      Interest Trust Trustee on behalf of the Group II Supplemental Interest Trust
      with respect to the Bear Stearns Asset Backed Securities I Trust 2006-AQ1,
      Asset-Backed Certificates, Series 2006-AQ1  

    

    

    By: _______________________________
      

    Name: 

    Title:

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    

    SCHEDULE
      I

    (all
      such
      dates subject to No Adjustment with respect to Fixed Rate Payer Period End
      Dates
      and adjustment in accordance with the Following Business Day Convention with
      respect to Floating Rate Payer Period End Dates) 

    

    
      	
              From
                and including

            	
              To
                but excluding

            	
              Notional
                Amount (USD)

            
	
              Effective
                Date

            	
              12/25/2006

            	
              1,966,767.97

            
	
              12/25/2006

            	
              1/25/2007

            	
              1,939,177.91

            
	
              1/25/2007

            	
              2/25/2007

            	
              1,905,393.10

            
	
              2/25/2007

            	
              3/25/2007

            	
              1,865,474.18

            
	
              3/25/2007

            	
              4/25/2007

            	
              1,819,538.25

            
	
              4/25/2007

            	
              5/25/2007

            	
              1,767,760.60

            
	
              5/25/2007

            	
              6/25/2007

            	
              1,710,375.76

            
	
              6/25/2007

            	
              7/25/2007

            	
              1,647,677.73

            
	
              7/25/2007

            	
              8/25/2007

            	
              1,580,019.33

            
	
              8/25/2007

            	
              9/25/2007

            	
              1,507,875.04

            
	
              9/25/2007

            	
              10/25/2007

            	
              1,438,837.54

            
	
              10/25/2007

            	
              11/25/2007

            	
              1,372,987.53

            
	
              11/25/2007

            	
              12/25/2007

            	
              1,310,176.98

            
	
              12/25/2007

            	
              1/25/2008

            	
              1,250,264.79

            
	
              1/25/2008

            	
              2/25/2008

            	
              1,193,116.44

            
	
              2/25/2008

            	
              3/25/2008

            	
              1,138,603.65

            
	
              3/25/2008

            	
              4/25/2008

            	
              1,086,604.15

            
	
              4/25/2008

            	
              5/25/2008

            	
              1,037,001.34

            
	
              5/25/2008

            	
              6/25/2008

            	
              989,684.07

            
	
              6/25/2008

            	
              7/25/2008

            	
              944,546.34

            
	
              7/25/2008

            	
              8/25/2008

            	
              901,487.12

            
	
              8/25/2008

            	
              9/25/2008

            	
              860,410.64

            
	
              9/25/2008

            	
              10/25/2008

            	
              821,311.75

            
	
              10/25/2008

            	
              11/25/2008

            	
              784,009.25

            
	
              11/25/2008

            	
              12/25/2008

            	
              748,418.47

            
	
              12/25/2008

            	
              1/25/2009

            	
              714,460.31

            
	
              1/25/2009

            	
              2/25/2009

            	
              682,059.34

            
	
              2/25/2009

            	
              3/25/2009

            	
              651,143.64

            
	
              3/25/2009

            	
              4/25/2009

            	
              621,659.88

            
	
              4/25/2009

            	
              5/25/2009

            	
              593,526.16

            
	
              5/25/2009

            	
              6/25/2009

            	
              566,680.02

            
	
              6/25/2009

            	
              7/25/2009

            	
              541,062.07

            
	
              7/25/2009

            	
              8/25/2009

            	
              516,615.66

            
	
              8/25/2009

            	
              9/25/2009

            	
              493,286.78

            
	
              9/25/2009

            	
              10/25/2009

            	
              471,034.62

            
	
              10/25/2009

            	
              11/25/2009

            	
              449,798.65

            
	
              11/25/2009

            	
              12/25/2009

            	
              429,531.82

            
	
              12/25/2009

            	
              1/25/2010

            	
              410,189.50

            
	
              1/25/2010

            	
              2/25/2010

            	
              391,729.16

            
	
              2/25/2010

            	
              3/25/2010

            	
              374,110.21

            
	
              3/25/2010

            	
              4/25/2010

            	
              357,295.29

            
	
              4/25/2010

            	
              5/25/2010

            	
              341,246.11

            
	
              5/25/2010

            	
              6/25/2010

            	
              325,927.41

            
	
              6/25/2010

            	
              7/25/2010

            	
              311,305.62

            
	
              7/25/2010

            	
              8/25/2010

            	
              297,348.73

            
	
              8/25/2010

            	
              9/25/2010

            	
              284,026.21

            
	
              9/25/2010

            	
              10/25/2010

            	
              271,309.04

            
	
              10/25/2010

            	
              11/25/2010

            	
              259,169.34

            
	
              11/25/2010

            	
              12/25/2010

            	
              38,120.20

            
	
              12/25/2010

            	
              1/25/2011

            	
              36,925.28

            
	
              1/25/2011

            	
              2/25/2011

            	
              35,767.64

            
	
              2/25/2011

            	
              3/25/2011

            	
              34,646.12

            
	
              3/25/2011

            	
              4/25/2011

            	
              33,559.60

            
	
              4/25/2011

            	
              5/25/2011

            	
              32,506.98

            
	
              5/25/2011

            	
              6/25/2011

            	
              31,487.22

            
	
              6/25/2011

            	
              7/25/2011

            	
              30,499.30

            
	
              7/25/2011

            	
              8/25/2011

            	
              29,542.21

            
	
              8/25/2011

            	
              9/25/2011

            	
              28,615.01

            
	
              9/25/2011

            	
              10/25/2011

            	
              27,714.68

            
	
              10/25/2011

            	
              Termination
                Date

            	
              26,842.52

            

    

    

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    Annex
      A

    

    Paragraph
      13 of the Credit Support Annex

    

    ANNEX
      A

    

    ISDA®

    CREDIT
      SUPPORT ANNEX

    to
      the
      Schedule to the

    ISDA
      Master Agreement

    dated
      as
      of November 30, 2006 between

    ABN
      AMRO
      Bank N.V. (hereinafter referred to as “Party
      A”
      or
“Pledgor”)

    and

    LaSalle
      Bank National Association, not individually, but solely as trustee (the “Group
      II Supplemental Interest Trust Trustee”) on behalf of the supplemental interest
      trust with respect to the Bear Stearns Asset Backed Securities I Trust 2006-AQ1,
      Asset-Backed Certificates, Series 2006-AQ1 (the “Group II Supplemental Interest
      Trust”) 

    (hereinafter
      referred to as “Party
      B”
      or
“Secured
      Party”).

    

    For
      the
      avoidance of doubt, and notwithstanding anything to the contrary that may be
      contained in the Agreement, this Credit Support Annex shall relate solely to
      the
      Transaction documented in the Confirmation dated November 30, 2006, between
      Party A and Party B, Reference Number 4260125.

    

     

    Paragraph
      13. Elections And Variables.

     

    
      	(a)  	
              Security
                Interest for “Obligations”.
                The term “Obligations”
                as
                used in this Annex includes the following additional
                obligations:

            

    

     

    With
      respect to Party A: not applicable.

     

    With
      respect to Party B: not applicable.

     

    
      	(b)  	
              Credit
                Support Obligations.

            

    

     

    
      	(i)  	
              Delivery
                Amount, Return Amount and Credit Support Amount.

            

    

     

    
      	(A)  	
              “Delivery
                Amount”
                has the meaning specified in Paragraph 3(a) as amended (I) by deleting
                the
                words “upon a demand made by the Secured Party on or promptly following
                a
                Valuation Date” and inserting in lieu thereof the words “not later than
                the close of business on each Valuation Date” and (II) by deleting in its
                entirety the sentence beginning “Unless otherwise specified in Paragraph
                13” and ending “(ii) the Value as of that Valuation Date of all Posted
                Credit Support held by the Secured Party.” and inserting in lieu thereof
                the following:

            

    

     

    The
      “Delivery
      Amount”
      applicable to the Pledgor for any Valuation Date will equal the greatest of
      

     

    
      	(1)  	
              the
                amount by which (a) the S&P Credit Support Amount for such Valuation
                Date exceeds (b) the S&P Value as of such Valuation Date of all Posted
                Credit Support held by the Secured Party,

            

    

     

    
      	(2)  	
              the
                amount by which (a) the Moody’s First Trigger Credit Support Amount for
                such Valuation Date exceeds (b) the Moody’s First Trigger Value as of such
                Valuation Date of all Posted Credit Support held by the Secured Party,
                and

            

    

     

    
      	(3)  	
              the
                amount by which (a) the Moody’s Second Trigger Credit Support Amount for
                such Valuation Date exceeds (b) the Moody’s Second Trigger Value as of
                such Valuation Date of all Posted Credit Support held by the Secured
                Party.

            

    

     

    
      	(B)  	
              “Return
                Amount” has the meaning specified in Paragraph 3(b) as amended by deleting
                in its entirety the sentence beginning “Unless otherwise specified in
                Paragraph 13” and ending “(ii) the Credit Support Amount.” and inserting
                in lieu thereof the following:

            

    

     

    The
      “Return
      Amount”
      applicable to the Secured Party for any Valuation Date will equal the least
      of

     

    
      	(1)  	
              the
                amount by which (a) the S&P Value as of such Valuation Date of all
                Posted Credit Support held by the Secured Party exceeds (b) the S&P
                Credit Support Amount for such Valuation Date,

            

    

     

    
      	(2)  	
              the
                amount by which (a) the Moody’s First Trigger Value as of such Valuation
                Date of all Posted Credit Support held by the Secured Party exceeds
                (b)
                the Moody’s First Trigger Credit Support Amount for such Valuation Date,
                and

            

    

     

    
      	(3)  	
              the
                amount by which (a) the Moody’s Second Trigger Value as of such Valuation
                Date of all Posted Credit Support held by the Secured Party exceeds
                (b)
                the Moody’s Second Trigger Credit Support Amount for such Valuation
                Date.

            

    

     

    
      	(C)  	
              “Credit
                Support Amount” shall not apply. For purposes of calculating any Delivery
                Amount or Return Amount for any Valuation Date, reference shall be
                made to
                the S&P Credit Support Amount, the Moody’s First Trigger Credit
                Support Amount, or the Moody’s Second Trigger Credit Support Amount, in
                each case for such Valuation Date, as provided in Paragraphs 13(b)(i)(A)
                and 13(b)(i)(B), above.

            

    

     

    
      	(ii)  	
              Eligible
                Collateral.
                

            

    

     

    On
      any
      date, the following items will qualify as “Eligible
      Collateral”
(for
      the avoidance of doubt, all Eligible Collateral to be denominated in
      USD):

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

     

    
      	
               

              Collateral
                

            	
              S&P

              Valuation
                

              Percentage

            	
              Moody’s
                First Trigger Valuation
                Percentage

            	
              Moody’s
                Second Trigger Valuation
                Percentage

            
	 	 	 	 
	
              Cash

            	
              100%

            	
              100%

            	
              100%

            
	 	 	 	 
	
              Fixed-rate
                negotiable debt obligations issued by the U.S. Treasury Department
                having
                a remaining maturity on such date of not more than one
                year

            	
              98.5%

            	
              100%

            	
              100%

            
	 	 	 	 
	
              Fixed-rate
                negotiable debt obligations issued by the U.S. Treasury Department
                having
                a remaining maturity on such date of more than one year but not more
                than
                ten years

            	
              89.9%

            	
              100%

            	
              94%

            
	 	 	 	 
	
              Fixed-rate
                negotiable debt obligations issued by the U.S. Treasury Department
                having
                a remaining maturity on such date of more than ten years

            	
              83.9%

            	
              100%

            	
              87%

            

    

    

    
      	(iii)  	
              Other
                Eligible Support.
                

            

    

     

    The
      following items will qualify as “Other
      Eligible Support”
      for the
      party specified: 

     

    Not
      applicable.

     

    
      	(iv)  	
              Threshold.

            

    

     

    
      	(A)  	
              “Independent
                Amount”
                means zero with respect to Party A and Party
                B.

            

    

     

    
      	(B)  	
              “Threshold”
                means, with respect to Party A and any Valuation Date, zero if (i)
                a
                Collateral Event has occurred and has been continuing (x) for at
                least 30
                days or (y) since this Annex was executed, or (ii) a S&P Required
                Ratings Downgrade Event has occurred and is continuing; otherwise,
                infinity.

            

    

     

      “Threshold”
      means,
      with respect to Party B and any Valuation Date, infinity.

     

    
      	(C)  	
              “Minimum
                Transfer Amount”
                means USD 100,000 with respect to Party A and Party B; provided,
                however,
                that if the aggregate Certificate Principal Balance and note principal
                balance of Certificates and Notes rated by S&P ceases to be more than
                USD 50,000,000, the “Minimum Transfer Amount” shall be USD
                50,000.

            

    

     

    
      	(D)  	
              Rounding:
                The Delivery Amount will be rounded up to the nearest integral multiple
                of
                USD 10,000; provided, however, that if S&P is rating the Certificates,
                the Delivery Amount will be rounded up to the nearest integral multiple
                of
                $1,000. The Return Amount will be rounded down to the nearest integral
                multiple of USD 10,000; provided, however, that if S&P is rating the
                Certificates, the Return Amount will be rounded down to the nearest
                integral multiple of $1,000.

            

    

     

    
      	(c)  	
              Valuation
                and Timing.

            

    

     

    
      	(i)  	
              “Valuation
                Agent”
                means Party A; provided, however, that if an Event of Default shall
                have
                occurred with respect to which Party A is the Defaulting Party, Party
                B
                shall have the right to designate as Valuation Agent an independent
                party,
                reasonably acceptable to Party A, the cost for which shall be borne
                by
                Party A. 

            

    

     

    
      	(ii)  	
              “Valuation
                Date”
                means the first Local Business Day in each week on which any of the
                S&P Credit Support Amount, the Moody’s First Trigger Credit Support
                Amount or the Moody’s Second Trigger Credit Support Amount is greater than
                zero.

            

    

     

    
      	(iii)  	
              “Valuation
                Time”
                means the close of business in the city of the Valuation Agent on
                the
                Local Business Day immediately preceding the Valuation Date or date
                of
                calculation, as applicable; provided that the calculations of Value
                and
                Exposure will be made as of approximately the same time on the same
                date.
                

            

    

     

    
      	(iv)  	
              “Notification
                Time”
                means 11:00 a.m., New York time, on a Local Business Day.
                

            

    

     

    
      	(v)  	
              External
                Verification.
                Notwithstanding anything to the contrary in the definitions of Valuation
                Agent or Valuation Date, at any time at which Party A (or, to the
                extent
                applicable, its Credit Support Provider) does not have a long-term
                unsubordinated and unsecured debt rating of at least “BBB+” from S&P,
                the Valuation Agent shall (A) calculate the Secured Party’s Exposure and
                the S&P Value of Posted Credit Suppport on each Valuation Date based
                on internal marks and (B) verify such calculations with external
                marks
                monthly by obtaining on the last Local Business Day of each calendar
                month
                two external marks for each Transaction to which this Annex relates
                and
                for all Posted Credit Suport; such verification of the Secured Party’s
                Exposure shall be based on the higher of the two external marks.
                Each
                external mark in respect of a Transaction shall be obtained from
                an
                independent Reference Market-maker that would be eligible and willing
                to
                enter into such Transaction in the absence of the current derivative
                provider, provided that an external mark may not be obtained from
                the same
                Reference Market-maker more than four times in any 12-month period.
                The
                Valuation Agent shall obtain these external marks directly or through
                an
                independent third party, in either case at no cost to Party B. The
                Valuation Agent shall calculate on each Valuation Date (for purposes
                of
                this paragraph, the last Local Business Day in each calendar month
                referred to above shall be considered a Valuation Date) the Secured
                Party’s Exposure based on the greater of the Valuation Agent’s internal
                marks and the external marks received. If the S&P Value on any such
                Valuation Date of all Posted Credit Support then held by the Secured
                Party
                is less than the S&P Credit Support Amount on such Valuation Date (in
                each case as determined pursuant to this paragraph), Party A shall,
                within
                three Local Business Days of such Valuation Date, Transfer to the
                Secured
                Party Eligible Credit Support having an S&P Value as of the date of
                Transfer at least equal to such deficiency.

            

    

     

    
      	(vi)  	
              Notice
                to S&P.
                At any time at which Party A (or, to the extent applicable, its Credit
                Support Provider) does not have a long-term unsubordinated and unsecured
                debt rating of at least “BBB+” from S&P, the Valuation Agent shall
                provide to S&P not later than the Notification Time on the Local
                Business Day following each Valuation Date its calculations of the
                Secured
                Party’s Exposure and the S&P Value of any Eligible Credit Support or
                Posted Credit Support for that Valuation Date. The Valuation Agent
                shall
                also provide to S&P any external marks received pursuant to the
                preceding paragraph.

            

    

     

    
      	(d)  	
              Conditions
                Precedent and Secured Party’s Rights and
                Remedies.
                None.

            

    

     

    
      	(e)  	
              Substitution.

            

    

     

    
      	(i)  	
              “Substitution
                Date”
                has the meaning specified in Paragraph
                4(d)(ii).

            

    

     

    
      	(ii)  	
              Consent.
                If specified here as applicable, then the Pledgor must obtain the
                Secured
                Party’s consent for any substitution pursuant to Paragraph 4(d):
                Inapplicable.

            

    

     

    
      	(f)  	
              Dispute
                Resolution.

            

    

     

    
      	(i)  	
              “Resolution
                Time”
                means 1:00 p.m. New York time on the Local Business Day following
                the date
                on which the notice of the dispute is given under Paragraph
                5.

            

    

     

    
      	(ii)  	
              Value.
                Notwithstanding anything to the contrary in Paragraph 12, for the
                purpose
                of Paragraphs 5(i)(C) and 5(ii), the S&P Value, Moody’s First Trigger
                Value, and Moody’s Second Trigger Value, on any date, of Eligible
                Collateral other than Cash will be calculated as follows:
                

            

    

     

    For
      Eligible Collateral in the form of securities listed in Paragraph 13(b)(ii):
      the
      sum of (A) the product of (1)(x) the bid price at the Valuation Time for such
      securities on the principal national securities exchange on which such
      securities are listed, or (y) if such securities are not listed on a national
      securities exchange, the bid price for such securities quoted at the Valuation
      Time by any principal market maker for such securities selected by the Valuation
      Agent, or (z) if no such bid price is listed or quoted for such date, the bid
      price listed or quoted (as the case may be) at the Valuation Time for the day
      next preceding such date on which such prices were available and (2) the
      applicable Valuation Percentage for such Eligible Collateral, and (B) the
      accrued interest on such securities (except to the extent Transferred to the
      Pledgor pursuant to Paragraph 6(d)(ii) or included in the applicable price
      referred to in the immediately preceding clause (A)) as of such
      date.

     

    
      	(iii)  	
              Alternative.
                The provisions of Paragraph 5 will
                apply.

            

    

     

    
      	(g)  	
              Holding
                and Using Posted Collateral.

            

    

     

    
      	(i)  	
              Eligibility
                to Hold Posted Collateral; Custodians.
                

            

    

     

    A
      Custodian will be entitled to hold Posted Collateral on behalf of Party B
      pursuant to Paragraph 6(b); provided that:

     

    (1)
      Party
      B may appoint as Custodian (A) the entity then serving as Group II Supplemental
      Interest Trust Trustee or (B) any entity other than the entity then serving
      as
      Group II Supplemental Interest Trust Trustee if such other entity (or, to the
      extent applicable, its parent company or credit support provider) shall then
      have a short-term unsecured and unsubordinated debt rating from S&P of at
      least “A-1.”

     

    (2)
      Posted Collateral may be held only in the following jurisdiction: United
      States.

     

    Initially,
      the Custodian for Party B is: The Group II Supplemental Interest Trust
      Trustee. 

     

    
      	(ii)  	
              Use
                of Posted Collateral.
                The provisions of Paragraph 6(c)(i) will not apply to Party B, but
                the
                provisions of Paragraph 6(c)(ii) will apply to Party B.
                

            

    

     

    
      	(iii)  	
              Notice.
                If a party or its Custodian fails to meet the criteria for eligibility
                to
                hold (or, in the case of a party, to use) Posted Collateral set forth
                in
                this Paragraph 13(g), such party shall promptly notify the other
                party of
                such ineligibility.

            

    

     

    
      	(h)  	
              Distributions
                and Interest Amount.

            

    

     

    
      	(i)  	
              Interest
                Rate.
                The “Interest Rate” will be the actual interest rate earned on Posted
                Collateral in the form of Cash that is held by Party B or its
                Custodian.

            

    

     

    
      	(ii)  	
              Transfer
                of Interest Amount.
                The Transfer of the Interest Amount will be made on the second Local
                Business Day following the end of each calendar month and on any
                other
                Local Business Day on which Posted Collateral in the form of Cash
                is
                Transferred to the Pledgor pursuant to Paragraph 3(b); provided,
                however,
                that the obligation of Party B to Transfer any Interest Amount to
                Party A
                shall be limited to the extent that Party B has earned and received
                such
                funds and such funds are available to Party B.

            

    

     

    
      	(iii)  	
              Alternative
                to Interest Amount.
                The provisions of Paragraph 6(d)(ii) will
                apply.

            

    

     

    
      	(i)  	
              Additional
                Representation(s).
                There are no additional representations by either
                party.

            

    

     

    
      	(j)  	
              Other
                Eligible Support and Other Posted Support.

            

    

     

    
      	(i)  	
              “Value”
                with respect to Other Eligible Support and Other Posted Support means:
                not
                applicable. 

            

    

     

    
      	(ii)  	
              “Transfer”
                with respect to Other Eligible Support and Other Posted Support means:
                not
                applicable.

            

    

     

    
      	(k)  	
              Demands
                and Notices.
                All demands, specifications and notices under this Annex will be
                made
                pursuant to the Notices Section of this Agreement, except that any
                demand,
                specification or notice shall be given to or made at the following
                addresses, or at such other address as the relevant party may from
                time to
                time designate by giving notice (in accordance with the terms of
                this
                paragraph) to the other party:

            

    

     

    If
      to
      Party A:

     

    ABN
      AMRO
      Bank N.V.

    199
      Bishopsgate

    London
      EC2M 3XW

    Tel:
      +44
      (0)171-392 3581

    Fax:
      +44
      (0)171-678 4040

    Attn:
      Global Collateral Management

    

    If
      to
      Party B, at the address specified pursuant to the Notices Section of this
      Agreement.

     

    If
      to
      Party B’s Custodian:   

    LaSalle
      Bank

    ABA
      #071000505

    LaSalle
      CHGO/CTR/BNF:/LASALLE TRUST

    Ref
      Trust
      A/C# 724265.9

    

    
      	(l)  	
              Address
                for Transfers.
                Each Transfer hereunder shall be made to the address specified below
                or to
                an address specified in writing from time to time by the party to
                which
                such Transfer will be made.

            

    

     

    Party
      A:
      To be notified to Party B by Party A at the time of the request for the
      transfer.

     

    Party
      B:
      To be notified to Party A by Party B upon request by Party A. 

     

    
      	(m)  	
              Other
                Provisions.

            

    

     

    
      	(i)  	
              Collateral
                Account.
                Party B shall open and maintain a segregated account, which shall
                be an
                Eligible Account, and hold, record and identify all Posted Collateral
                in
                such segregated account.

            

    

     

    
      	(ii)  	
              Agreement
                as to Single Secured Party and Single Pledgor.
                Party A and Party B hereby agree that, notwithstanding anything to
                the
                contrary in this Annex, (a) the term “Secured Party” as used in this Annex
                means only Party B, (b) the term “Pledgor” as used in this Annex means
                only Party A, (c) only Party A makes the pledge and grant in Paragraph
                2,
                the acknowledgement in the final sentence of Paragraph 8(a) and the
                representations in Paragraph 9.

            

    

     

    
      	(iii)  	
              Calculation
                of Value.
                Paragraph 4(c) is hereby amended by deleting the word “Value” and
                inserting in lieu thereof “S&P Value, Moody’s First Trigger Value,
                Moody’s Second Trigger Value”. Paragraph 4(d)(ii) is hereby amended by (A)
                deleting the words “a Value” and inserting in lieu thereof “an S&P
                Value, Moody’s First Trigger Value, and Moody’s Second Trigger Value” and
                (B) deleting the words “the Value” and inserting in lieu thereof “S&P
                Value, Moody’s First Trigger Value, and Moody’s Second Trigger Value”.
                Paragraph 5 (flush language) is hereby amended by deleting the word
                “Value” and inserting in lieu thereof “S&P Value, Moody’s First
                Trigger Value, or Moody’s Second Trigger Value”. Paragraph 5(i) (flush
                language) is hereby amended by deleting the word “Value” and inserting in
                lieu thereof “S&P Value, Moody’s First Trigger Value, and Moody’s
                Second Trigger Value”. Paragraph 5(i)(C) is hereby amended by deleting the
                word “the Value, if” and inserting in lieu thereof “any one or more of the
                S&P Value, Moody’s First Trigger Value, or Moody’s Second Trigger
                Value, as may be”. Paragraph 5(ii) is hereby amended by (1) deleting the
                first instance of the words “the Value” and inserting in lieu thereof “any
                one or more of the S&P Value, Moody’s First Trigger Value, or Moody’s
                Second Trigger Value” and (2) deleting the second instance of the words
                “the Value” and inserting in lieu thereof “such disputed S&P Value,
                Moody’s First Trigger Value, or Moody’s Second Trigger Value”. Each of
                Paragraph 8(b)(iv)(B) and Paragraph 11(a) is hereby amended by deleting
                the word “Value” and inserting in lieu thereof “least of the S&P
                Value, Moody’s First Trigger Value, and Moody’s Second Trigger Value”.
                

            

    

     

    
      	(iv)  	
              Form
                of Annex.
                Party A and Party B hereby agree that the text of Paragraphs 1 through
                12,
                inclusive, of this Annex is intended to be the printed form of ISDA
                Credit
                Support Annex (Bilateral Form - ISDA Agreements Subject to New York
                Law
                Only version) as published and copyrighted in 1994 by the International
                Swaps and Derivatives Association,
                Inc.

            

    

     

    
      	(v)  	
              Events
                of Default.
                Paragraph 7 will not apply to cause any Event of Default to exist
                with
                respect to Party B except that Paragraph 7(i) will apply to Party
                B solely
                in respect of Party B’s obligations under Paragraph 3(b) of the Credit
                Support Annex. Notwithstanding anything to the contrary in Paragraph
                7,
                any failure by Party A to comply with or perform any obligation to
                be
                complied with or performed by Party A under the Credit Support Annex
                shall
                only be an Event of Default if (A) either (i) a Moody’s Second Trigger
                Ratings Event has occurred and been continuing for 30 or more Local
                Business Days, or (ii) a S&P Required Ratings Downgrade Event has
                occurred and been continuing for 30 or more Local Business Days,
                and (B)
                such failure is not remedied on or before the third Local Business
                Day
                after notice of such failure is given to Party
                A.

            

    

     

    
      	(vi)  	
              Expenses.
                Notwithstanding anything to the contrary in Paragraph 10, the Pledgor
                will
                be responsible for, and will reimburse the Secured Party for, all
                transfer
                and other taxes and other costs involved in any Transfer of Eligible
                Collateral.

            

    

     

    
      	(vii)  	
              Withholding.
                Paragraph 6(d)(ii) is hereby amended by inserting immediately after
“the
                Interest Amount” in the fourth line thereof the words “less any applicable
                withholding taxes.”

            

    

     

    
      	(viii)  	
              Notice
                of Failure to Post Collateral.
                Upon any failure by Party A to post collateral as required under
                this
                Agreement, Party B shall, no later than the next Business Day after
                the
                date such collateral was required to be posted, give a written notice
                of
                such failure to Party A and to Depositor. For the avoidance of doubt,
                notwithstanding anything in this Agreement to the contrary, the failure
                of
                Party B to comply with the requirements of this paragraph shall not
                constitute an Event of Default or Termination Event.
                

            

    

     

    
      	(ix)  	
              Additional
                Definitions.
                As used in this Annex:

            

    

     

    “Collateral
      Event” means
      that no Relevant Entity has credit ratings at least equal to the Approved
      Ratings Threshold.

     

    “DV01”
      means,
      with respect to a Transaction and any date of determination, the estimated
      change in the Secured Party’s Transaction Exposure with respect to such
      Transaction that would result from a one basis point change in the relevant
      swap
      curve on such date, as determined by the Valuation Agent in good faith and
      in a
      commercially reasonable manner. The Valuation Agent shall, upon request of
      Party
      B, provide to Party B a statement showing in reasonable detail such
      calculation.

     

    “Exposure”
      has the
      meaning specified in Paragraph 12, except that after the word “Agreement” the
      words “(assuming, for this purpose only, that Part 1(f) of the Schedule is
      deleted)” shall be inserted. 

     

    “Local
      Business Day”
means:
      any day on which (A) commercial banks are open for business (including dealings
      in foreign exchange and foreign currency deposits) in New York and the location
      of Party A, Party B and any Custodian, and (B) in relation to a Transfer of
      Eligible Collateral, any day on which the clearance system agreed between the
      parties for the delivery of Eligible Collateral is open for acceptance and
      execution of settlement instructions (or in the case of a Transfer of Cash
      or
      other Eligible Collateral for which delivery is contemplated by other means
      a
      day on which commercial banks are open for business (including dealings in
      foreign exchange and foreign deposits) in New York and the location of Party
      A,
      Party B and any Custodian. 

     

    “Moody’s
      First Trigger Event” means
      that no Relevant Entity has credit ratings from Moody’s at least equal to the
      Moody’s First Trigger Ratings Threshold.

     

    “Moody’s
      First Trigger Credit Support Amount” means,
      for any Valuation Date, the excess, if any, of

     

    
      	 	
              (I)

            	
              (A)

            	
              for
                any Valuation Date on which (I) a Moody’s First Trigger Event has occurred
                and has been continuing (x) for at least 30 Local Business Days or
                (y)
                since this Annex was executed and (II) it is not the case that a
                Moody’s
                Second Trigger Event has occurred and been continuing for at least
                30
                Local Business Days, an amount equal to the greater of (a) zero and
                (b)
                the sum of (i) the Secured Party’s Exposure for such Valuation Date and
                (ii) the sum, for each Transaction to which this Annex relates, of
                the
                lesser of (x) the product of the Moody’s First Trigger DV01 Multiplier and
                DV01 for such Transaction and such Valuation Date and (y) the product
                of
                Moody’s First Trigger Notional Amount Multiplier and the Notional Amount
                for such Transaction for the Calculation Period which includes such
                Valuation Date; or
                

            

    

     

    
      	 	
              (B)

            	
              for
                any other Valuation Date, zero,
                over

            

    

     

    (II)         
       the
      Threshold for Party A such Valuation Date.

     

    “Moody’s
      First Trigger DV01 Multiplier”
      means
      25.

     

    “Moody’s
      First Trigger Value”
      means,
      on any date and with respect to any Eligible Collateral other than Cash, the
      bid
      price obtained by the Valuation Agent multiplied by the Moody’s First Trigger
      Valuation Percentage for such Eligible Collateral set forth in Paragraph
      13(b)(ii).

     

    “Moody’s
      First Trigger Notional Amount Multiplier”
      means
      4%.

     

    “Moody’s
      Second Trigger Event” means
      that no Relevant Entity has credit ratings from Moody’s at least equal to the
      Moody’s Second Trigger Ratings Threshold.

     

    “Moody’s
      Second Trigger Credit Support Amount”
      means,
      for any Valuation Date, the excess, if any, of

     

    
      	 	
              (I)

            	
              (A)

            	
              for
                any Valuation Date on which it is the case that a Moody’s Second Trigger
                Event has occurred and been continuing for at least 30 Local Business
                Days, an amount equal to the greatest of (a) zero, (b) the aggregate
                amount of the next payment due to be paid by Party A under each
                Transaction to which this Annex relates, and (c) the sum of (x) the
                Secured Party’s Exposure for such Valuation Date and (y) the sum, for each
                Transaction to which this Annex relates, of

            

    

     

    (1)
      if
      such Transaction is not a Transaction-Specific Hedge, the lesser of (i) the
      product of the Moody’s Second Trigger DV01 Multiplier and DV01 for such
      Transaction and such Valuation Date and (ii) the product of the Moody’s Second
      Trigger Notional Amount Multiplier and the Notional Amount for such Transaction
      for the Calculation Period which includes such Valuation Date;
      or

     

    (2)
      if
      such Transaction is a Transaction-Specific Hedge, the lesser of (i) the product
      of the Moody’s Second Trigger Transaction-Specific Hedge DV01 Multiplier and
      DV01 for such Transaction and such Valuation Date and (ii) the product of the
      Moody’s Second Trigger Transaction-Specific Hedge Notional Amount Multiplier and
      the Notional Amount for such Transaction for the Calculation Period which
      includes such Valuation Date; or 

     

    
      	 	
              (B)

            	
              for
                any other Valuation Date, zero,
                over

            

    

     

    (II) the
      Threshold for Party A for such Valuation Date.

     

    “Moody’s
      Second Trigger DV01 Multiplier”
      means
      60.

     

    “Moody’s
      Second Trigger Transaction-Specific Hedge DV01
      Multiplier”
      means
      75.

     

    “Moody’s
      Second Trigger Transaction-Specific Hedge Notional Amount
      Multiplier”
      means
      11%.

     

    “Moody’s
      Second Trigger Value”
      means,
      on any date and with respect to any Eligible Collateral other than Cash, the
      bid
      price obtained by the Valuation Agent multiplied by the Moody’s Second Trigger
      Valuation Percentage for such Eligible Collateral set forth in Paragraph
      13(b)(ii).

     

    “Moody’s
      Second Trigger Notional Amount Multiplier”
      means
      9%.

     

    “S&P
      Credit Support Amount”
      means,
      for any Valuation Date, the excess, if any, of

     

    
      	 	
              (I)

            	
              (A)
                

            	
              for
                any Valuation Date on which (i) an S&P Rating Threshold Event has
                occurred and been continuing for at least 30 days, or (ii) a S&P
                Required Ratings Downgrade Event has occurred and is continuing,
                an amount
                equal to the sum of (1) 100.0% of the Secured Party’s Exposure for such
                Valuation Date and (2) the sum, for each Transaction to which this
                Annex
                relates, of the product of the Volatility Buffer for such Transaction
                and
                the Notional Amount of such Transaction for the Calculation Period
                of such
                Transaction which includes such Valuation Date, or
                

            

    

     

    
      	 	
              (B)

            	
              for
                any other Valuation Date, zero,
                over

            

    

     

    (II) the
      Threshold for Party A for such Valuation Date.

     

    “S&P
      Rating Threshold Event”
      means,
      on any date, no Relevant Entity has credit ratings from S&P which equal or
      exceed the S&P Approved Ratings Threshold.

     

    “S&P
      Value”
      means,
      on any date and with respect to any Eligible Collateral other than Cash, the
      product of (A) the bid price obtained by the Valuation Agent for such Eligible
      Collateral and (B) the S&P Valuation Percentage for such Eligible Collateral
      set forth in paragraph 13(b)(ii).

     

    “Transaction
      Exposure”
      means,
      for any Transaction, Exposure determined as if such Transaction were the only
      Transaction between the Secured Party and the Pledgor.

     

    “Transaction-Specific
      Hedge” means
      any
      Transaction that is an interest rate cap, interest rate floor or interest rate
      swaption, or an interest rate swap if (x) the notional amount of the interest
      rate swap is “balance guaranteed” or (y) the notional amount of the interest
      rate swap for any Calculation Period otherwise is not a specific dollar amount
      that is fixed at the inception of the Transaction.

     

    “Valuation
      Percentage”
      shall
      mean, for purposes of determining the S&P Value, Moody’s First Trigger
      Value, or Moody’s Second Trigger Value with respect to any Eligible Collateral
      or Posted Collateral, the applicable S&P Valuation Percentage, Moody’s First
      Trigger Valuation Percentage, or Moody’s Second Trigger Valuation Percentage for
      such Eligible Collateral or Posted Collateral, respectively, in each case as
      set
      forth in Paragraph 13(b)(ii).

     

    “Value”
      shall
      mean, in respect of any date, the related S&P Value, the related Moody’s
      First Trigger Value, and the related Moody’s Second Trigger Value.

     

    “Volatility
      Buffer”
      means,
      for any Transaction, the related percentage set forth in the following table.
      

     

    
      	
              The
                higher of the S&P short-term credit rating of (i) Party A and (ii) the
                Credit Support Provider of Party A, if applicable

            	
              Remaining
                Weighted Average Maturity 

              up
                to 3 years

            	
              Remaining
                Weighted Average Maturity

              up
                to 5 years

            	
              Remaining
                Weighted Average Maturity

              up
                to 10 years

            	
              Remaining
                Weighted Average Maturity

              up
                to 30 years

            
	
              At
                least “A-2”

            	
              2.75%

            	
              3.25%

            	
              4.00%

            	
              4.75%

            
	
              “A-3”

            	
              3.25%

            	
              4.00%

            	
              5.00%

            	
              6.25%

            
	
              “BB+”
                or lower

            	
              3.50%

            	
              4.50%

            	
              6.75%

            	
              7.50%

            

    

    

    

    [Remainder
      of this page intentionally left blank]

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    IN
      WITNESS WHEREOF, the parties have executed this Annex by their duly authorized
      representatives as of the date of the Agreement.

     

    
      	
              ABN
                AMRO Bank N.V.

            	
              LaSalle
                Bank National Association, not individually, but solely as Group
                II
                Supplemental Interest Trust Trustee on behalf of the Group II Supplemental
                Interest Trust with respect to the Bear Stearns Asset Backed Securities
                I
                Trust 2006-AQ1, Asset-Backed Certificates, Series 2006-AQ1 

               

               

            
	
              By: _____________________________

              Name
                

              Title:
                

              Date:
                

               

               

               

              By: _____________________________

              Name
                

              Title:
                

              Date:
                

               

            	
              
                By: _____________________________

                Name
                  

                Title:
                  

                Date:
                  

              

            

    

    

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    Annex
      B

    

    Item
      1115 Agreement

    

    ITEM
      1115
      AGREEMENT

     

    Item
      1115
      Agreement (this “Agreement”), dated as of November 22, 2006, among EMC Mortgage
      Corporation (the “Sponsor”), Bear Stearns Asset Backed Securities I LLC and
      Structured Asset Mortgage Investments II Inc. (each, as applicable, the
“Depositor”) and ABN AMRO Bank N.V. (the “Derivative Provider”).

     

    RECITALS

     

    WHEREAS,
      Depositor has filed a registration statement on Form S-3 (each, a “Registration
      Statement”) with the U.S. Securities and Exchange Commission (the “Commission”)
      for purposes of offering mortgage-backed or asset-backed notes and/or
      certificates (the “Securities”) through one or more special purpose vehicles
      (each, an “Issuing Entity”);

     

    WHEREAS,
      from time to time, on or prior to the closing date of a securitization (the
      “Closing Date”) pursuant to which Securities are offered (each, a
“Securitization”), the Derivative Provider enters into certain derivative
      agreements with the Issuing Entity (or a trustee or securities or swap
      administrator or other person acting in a similar capacity in connection with
      such Securitization (each, an “Administrator”)), or the Derivative Provider
      enters into certain derivative agreements with the Sponsor or an affiliate
      of
      the Sponsor and such derivative agreements are assigned to the Issuing Entity
      or
      an Administrator (each, in either case, a “Derivative Agreement”);

     

    WHEREAS,
      the Derivative Provider agrees and acknowledges that the Sponsor and the
      Depositor are required under Regulation AB (as defined herein) to disclose
      certain financial data and/or financial statements with respect to the
      Derivative Provider, depending on the applicable “significance percentage” for
      each Derivative Agreement as calculated from time to time in accordance with
      Item 1115 of Regulation AB;

     

    WHEREAS,
      the Sponsor, on behalf of itself and each Issuing Entity through which it
      effects Securitizations, the Depositor and the Derivative Provider, desire
      to
      set forth certain rights and obligations with regard to financial data and/or
      financial statements which the Sponsor and the Depositor are required to
      disclose in accordance with Regulation AB (as defined herein) and certain
      related matters.

     

    NOW,
      THEREFORE, in consideration of the mutual agreements set forth herein and for
      other good and valuable consideration the receipt and adequacy of which is
      hereby acknowledged, the parties hereby agree as follows:

     

    
      SECTION
        8.        DEFINITIONS.

    

     

    Additional
      Termination Event: With respect to any Derivative Agreement, as defined in
      the
      related Master Agreement. 

     

    Affected
      Party: With respect to any Derivative Agreement, as defined in the related
      Master Agreement. 

     

    Business
      Day: Any day other than a Saturday, a Sunday or any day on which banking
      institutions in the states where the parties are located are authorized or
      obligated by law, executive order or governmental decree to be closed.

     

    Company
      Information: As defined in Addendum A.

     

    Company
      Financial Information: With respect to each Securitization, the financial data
      described in Item 1115(b)(1) of Regulation AB or the financial statements
      described in Item 1115(b)(2) of Regulation AB, in either case with respect
      to
      the Derivative Provider and any affiliated entities providing derivative
      instruments to the related Issuing Entity and/or Administrator; provided, that
      the Derivative Provider shall not be required to calculate the “significance
      percentage” for purposes of this Agreement.

     

    GAAP:
      As
      defined in Section 3(c).

     

    Exchange
      Act: The Securities Exchange Act of 1934, as amended, and the rules and
      regulations promulgated thereunder.

     

    Exchange
      Act Reports: With respect to an Issuing Entity, all Distribution Reports on
      Form
      10-D, Current Reports on Form 8-K and Annual Reports on Form 10-K and any
      amendments thereto, required to be filed with respect to such Issuing Entity
      pursuant to the Exchange Act.

     

    Free
      Writing Prospectus: With respect to each Securitization, the free writing
      prospectus or prospectuses prepared in connection with the public offering
      and
      sale of the related Securities and used to price such Securities and referenced
      in Exhibit One to Addendum A.

     

    Master
      Agreement: With respect to any Derivative Agreement, the ISDA Master Agreement
      referenced in such Derivative Agreement, together with any Schedule, Credit
      Support Annex and Confirmations forming a part thereof or incorporated therein
      by reference, or, if no such ISDA Master Agreement exists, the ISDA Master
      Agreement deemed to apply to such Derivative Agreement pursuant to its terms,
      together with any Schedule, Credit Support Annex and Confirmations deemed to
      form a part thereof or to be incorporated therein by reference.

     

    Prospectus
      Supplement: With respect to each Securitization, the prospectus supplement
      prepared in connection with the public offering and sale of the related
      Securities and referenced in Exhibit One to Addendum A.

     

    Regulation
      AB: Subpart 229.1100 - Asset Backed Securities (Regulation AB), 17 C.F.R.
§§229.1100-229.1123, as such may be amended from time to time, and subject to
      such clarification and interpretation as have been provided by the Commission
      in
      the adopting release (Asset-Backed Securities, Securities Act Release No.
      33-8518, 70 Fed. Reg. 1,506, 1,531 (Jan. 7, 2005)) or by the staff of the
      Commission, or as may be provided by the Commission or its staff from time
      to
      time.

     

    Securities
      Act: The Securities Act of 1933, as amended, and the rules and regulations
      promulgated thereunder.

     

    
      SECTION
        9.        INFORMATION
        TO BE PROVIDED BY THE DERIVATIVE PROVIDER.

    

     

    
      	(a)  	
              Prior
                to printing the Free Writing Prospectus and/or Prospectus Supplement
                relating to each Securitization, the Derivative Provider, at its
                own
                expense, shall: 

            

    

     

    
      	(i)  	
              provide
                to the Depositor such information as is reasonably requested in writing
                (via fax or in electronic form or such other format as agreed upon
                by the
                Depositor and the Derivative Provider) by the Depositor for the purpose
                of
                compliance with Item 1115(a)(1) of Regulation AB or the Securities
                Act in
                respect of such Securitization, which information shall include,
                at a
                minimum:

            

    

     

    
      	(E)  	
              the
                Derivative Provider’s legal name (and any
                d/b/a),

            

    

     

    
      	(F)  	
              the
                organizational form of the Derivative Provider,

            

    

     

    
      	(G)  	
              a
                description of the general character of the business of the Derivative
                Provider,

            

    

     

    
      	(H)  	
              a
                description of any affiliation (as set forth in Item 1119(a)) between
                the
                Derivative Provider and any of the following
                parties:

            

    

     

    
      	(1)  	
              the
                Sponsor (or any other sponsor identified to the Derivative Provider
                by the
                Sponsor or the Depositor),

            

    

     

    
      	(2)  	
              the
                Depositor,

            

    

     

    
      	(3)  	
              the
                Issuing Entity,

            

    

     

    
      	(4)  	
              any
                servicer (or other person acting in a similar capacity) identified
                to the
                Derivative Provider by the Sponsor or the
                Depositor,

            

    

     

    
      	(5)  	
              any
                trustee (or other person acting in a similar capacity) identified
                to the
                Derivative Provider by the Sponsor or the
                Depositor,

            

    

     

    
      	(6)  	
              any
                originator identified to the Derivative Provider by the Sponsor or
                the
                Depositor,

            

    

     

    
      	(7)  	
              any
                enhancement or support provider identified to the Derivative Provider
                by
                the Sponsor or the Depositor, and

            

    

     

    
      	(8)  	
              any
                other material Securitization party identified to the Derivative
                Provider
                by the Sponsor or the Depositor;
                and

            

    

     

    
      	(ii)  	
              if
                reasonably requested by the Depositor for the purpose of compliance
                with
                Item 1115(b) of Regulation AB with respect to such Securitization,
                provide
                to the Depositor the Company Financial Information described in Item
                1115(b)(1) of Regulation AB or Item 1115(b)(2) of Regulation AB (as
                specified by the Depositor).

            

    

     

    
      	(iii)  	
              Prior
                to the Closing Date of each Securitization involving the Derivative
                Provider, the Depositor or the Sponsor shall forward to the Derivative
                Provider a Schedule, dated as of such Closing Date, specifically
                identifying the aforementioned parties specified in Section 2(a)(D)
                above.
                

            

    

     

    
      	(b)  	
              Following
                the Closing Date with respect to each Securitization and only for
                so long
                as the Depositor is required to file Exchange Act Reports in respect
                of
                the related Issuing Entity:

            

    

     

    
      	(i)  	
              the
                Derivative Provider, at its own expense, shall no later than the
                25th day
                of the last month in each calendar quarter notify the Depositor in
                writing
                of any affiliations that develop following the Closing Date between
                the
                Derivative Provider and any of the parties specified in Section 2(a)(i)(D)
                (and any other parties identified in writing by the Depositor), and
                provide to the Depositor a description of such affiliations;
                

            

    

     

    
      	(ii)  	
              if,
                on any Business Day, the Depositor provides written notice to the
                Derivative Provider that the “significance percentage” for any Derivative
                Agreement relating to such Securitization (calculated separately
                or in the
                aggregate with other Derivative Agreements for such Securitization,
                such
                aggregation as determined by the Depositor in its sole discretion),
                is (x)
                6% or more (but less than 20%) or (y) 16% or more, in each case based
                on a
                reasonable good-faith determination by the Depositor of the “significance
                percentage” in accordance with Item 1115 of Regulation AB (a “Derivative
                Disclosure Event”), the Derivative Provider, at its own expense, shall
                within ten (10) Business Days following receipt of such notice, either:
                

            

    

     

    
      	(E)  	
              provide
                to the Depositor the Company Financial Information described in (x)
                Item
                1115(b)(1) of Regulation AB or (y) Item 1115(b)(2) of Regulation
                AB,
                respectively, 

            

    

     

    
      	(F)  	
              with
                respect to each Derivative Agreement entered into in connection with
                such
                Securitization, cause another entity to replace the Derivative Provider
                as
                a party to such Derivative Agreement or, if such replacement cannot
                be
                effected, to enter into a replacement derivative agreement on terms
                substantially identical to such Derivative Agreement (as determined
                by the
                Depositor in its sole discretion), which entity (1) meets or exceeds
                (or a
                guarantor, as applicable, for such entity meets or exceeds) any rating
                agency criteria set forth in, or otherwise applicable to, such Derivative
                Agreement (as determined by the Depositor in its sole discretion),
                (2) has
                entered into an agreement with Sponsor and Depositor substantially
                in the
                form of this Agreement, (3) has agreed to comply with the immediately
                preceding clause (A) and Section 2(b)(iii), and (4) has been approved
                by
                the Depositor (which approval shall not be unreasonably
                withheld),

            

    

     

    
      	(G)  	
              obtain
                a guaranty of the Derivative Provider’s obligations under the Derivative
                Agreement from an affiliate of the Derivative Provider, which affiliate
                (1) meets or exceeds any rating agency criteria set forth in, or
                otherwise
                applicable to, such Derivative Agreement (as determined by the Depositor
                in its sole discretion), (2) has entered into an agreement with the
                Sponsor and Depositor substantially in the form of this Agreement,
                (3) has
                agreed to comply with the immediately preceding clause (A) and Section
                2(b)(iii) such that the information provided in respect of such affiliate
                will satisfy any requirements under Item 1115 of Regulation AB that
                are
                applicable to the Derivative Provider (as determined by the Depositor
                in
                its sole discretion), and (4) has been approved by the Depositor
                (which
                approval shall not be unreasonably withheld),
                or

            

    

     

    
      	(H)  	
              post
                collateral in an amount sufficient to reduce the “significance percentage”
                for purposes of Item 1115 of Regulation AB with respect to any Derivative
                Agreement relating to such Securitization, calculated separately
                or in the
                aggregate with other Derivative Agreements for such Securitization
                (such
                aggregation and calculation of the “significance percentage” as determined
                by the Depositor in its sole discretion) (1) to 5% if the Depositor
                has
                notified the Derivative Provider that the “significance percentage” is 6%
                or more (but less than 16%) or (2) to 15% if the Depositor has notified
                the Derivative Provider that the “significance percentage” is 16% or more;
                and

            

    

     

    
      	(iii)  	
              for
                so long (A) as the Depositor is required to file Exchange Act Reports
                in
                respect of the related Issuing Entity and (B) the “significance
                percentage” for any Derivative Agreement relating to such Securitization
                (calculated separately or in the aggregate with other Derivative
                Agreements for such Securitization) is (x) 10% or more (but less
                than 20%)
                or (y) 20% or more, in each case based on a reasonable good-faith
                determination by the Depositor of the significance percentage in
                accordance with Item 1115 of Regulation AB, if the Derivative Provider
                has
                provided Company Financial Information to the Depositor pursuant
                to
                Section 2(a)(ii) or Section 2(b)(ii), the Derivative Provider, at
                its own
                expense, shall within five (5) Business Days of the release of any
                updated
                Company Financial Information, provide to the Depositor such updated
                Company Financial Information.

            

    

     

    
      	(c)  	
              The
                Derivative Provider shall provide all Company Financial Information
                provided pursuant to this Section 2 in Microsoft Word® format, Microsoft
                Excel® format or another format suitable for conversion to the format
                required for filing by the Depositor with the Commission via the
                Electronic Data Gathering and Retrieval System (EDGAR) (for avoidance
                of
                doubt, Company Financial Information shall not be provided in .pdf
                format); alternatively, if permitted by Regulation AB (as determined
                by
                the Sponsor in its sole discretion), the Derivative Provider may
                provide
                such Company Financial Information by providing to the Depositor
                written
                consent to incorporate by reference in Exchange Act Reports of the
                Depositor such Company Financial Information from reports filed by
                the
                Derivative Provider pursuant to the Exchange Act. In addition, the
                Derivative Provider shall also provide Company Financial Information
                provided pursuant to Section 2(a)(ii) in a format appropriate for
                use in
                the related Free Writing Prospectus and Prospectus Supplement. If
                any
                Company Financial Information provided pursuant to this Section 2
                has been
                audited, the Derivative Provider shall cause its outside accounting
                firm
                to provide to the Depositor such accounting firm’s written consent to the
                filing or incorporation by reference in the Exchange Act Reports
                of the
                Depositor of such accounting firm’s report relating to its audits of such
                Company Financial Information. If any Company Financial Information
                provided pursuant to this Section 2 has not been audited, the Derivative
                Provider shall provide to the Depositor an appropriate agreed-upon
                procedures letter from the Derivative Provider’s outside accounting firm
                in respect of such Company Financial Information.
                

            

    

     

    
      SECTION
        10.        REPRESENTATIONS
        AND WARRANTIES OF THE DERIVATIVE PROVIDER.

    

     

    The
      Derivative Provider represents and warrants to the Depositor, as of the date
      on
      which the Derivative Provider first provides Company Financial Information
      to
      the Depositor under Section 2(a)(ii), Section 2(b)(ii) or Section 2(b)(iii),
      that, except as disclosed in writing to the Depositor prior to such date:

     

    
      	(a)  	
              the
                outside accounting firm that certifies the financial statements and
                supporting schedules included in Company Financial Information, or
                which
                provides a procedures letter with respect to such Company Financial
                Information, (as applicable) is an independent registered public
                accounting firm as required by the Securities
                Act;

            

    

     

    
      	(b)  	
              the
                selected financial data and summary financial information included
                in the
                Company Financial Information present fairly the information shown
                therein
                and have been compiled on a basis consistent with that of the audited
                financial statements of the Derivative
                Provider;

            

    

     

    
      	(c)  	
              the
                financial statements included in the Company Financial Information
                present
                fairly the consolidated financial position of the Derivative Provider
                (or
                the entity that consolidates the Derivative Provider) and its consolidated
                subsidiaries as of the dates indicated and the consolidated results
                of
                their operations and cash flows for the periods specified; except
                as
                otherwise stated in the Company Financial Information, such financial
                statements have been prepared in conformity with United States generally
                accepted accounting principles (“GAAP”) applied on a consistent basis; and
                except as otherwise stated in the Company Financial Information,
                the
                supporting schedules included in the Company Financial Information
                present
                fairly in accordance with GAAP the information required to be stated
                therein; and 

            

    

     

    
      	(d)  	
              the
                Company Financial Information and other Company Information included
                in
                any Free Writing Prospectus or Prospectus Supplement or referenced
                via a
                website link or incorporated by reference in the Registration Statement
                (including through filing on an Exchange Act Report), at the time
                they
                were or hereafter are filed with the Commission, complied in all
                material
                respects with the requirements of Item 1115(b) of Regulation AB (in
                the
                case of the Company Financial Information), and did not and will
                not
                contain an untrue statement of a material fact (as of the date of
                such
                Free Writing Prospectus or Prospectus Supplement, as applicable)
                or omit
                to state a material fact required to be stated therein or necessary
                in
                order to make the statements therein (as of the date of such Free
                Writing
                Prospectus or Prospectus Supplement, as applicable), in the light
                of the
                circumstances under which they were made, not
                misleading.

            

    

     

    
      SECTION
        11.       THIRD
        PARTY BENEFICIARIES.

    

     

    The
      Derivative Provider agrees that the terms of this Agreement shall be
      incorporated by reference into any Derivative Agreement so that each Issuing
      Entity or Administrator that is a party to a Derivative Agreement shall be
      an
      express third party beneficiary of this Agreement. 

     

    
      SECTION
        12.       INDEMNIFICATION.

    

     

    
      	(a)  	
              The
                Derivative Provider indemnification set forth in Addendum A hereto
                is
                incorporated by reference herein.

            

    

     

    
      	(b)  	
              In
                connection with each Securitization that the Derivative Provider
                participates in, on or prior to the Closing Date of such Securitization,
                the Derivative Provider shall provide to the Depositor a letter signed
                by
                an authorized representative of the Derivative Provider, substantially
                in
                the form attached hereto as Exhibit One to Addendum A, incorporating
                into
                this Agreement and making a part of the indemnification provisions
                of this
                Agreement the Company Information provided by it for inclusion in
                the Free
                Writing Prospectus and the Prospectus Supplement relating to such
                Securitization, as of the date of such Free Writing Prospectus or
                Prospectus Supplement, as applicable.

            

    

     

    
      SECTION
        13.       ADDITIONAL
        TERMINATION EVENTS.

    

     

    
      	(a)  	
              (i)
                Any breach by the Derivative Provider of a representation or warranty
                set
                forth in Section 3 to the extent made as of a date prior to a Closing
                Date, which is not cured by such Closing Date (or, in the case of
                information required under Section 2(a), the date of printing of
                the Free
                Writing Prospectus or Prospectus Supplement, as applicable), or (ii)
                any
                breach by the Derivative Provider of a representation or warranty
                pursuant
                to Section 3 to the extent made as of a date subsequent to such Closing
                Date, or (iii) any failure by the Derivative Provider to comply with
                the
                requirements of Section 2(a), Section 2(b)(ii) or so much of Section
                2(b)(iii) as relates to Section 2(a) or 2(b)(ii), constitute an Additional
                Termination Event under each Derivative Agreement, with respect to
                which
                the Derivative Provider shall be the sole Affected Party.
                

            

    

     

    
      	(b)  	
              In
                the event that a replacement entity or replacement derivative agreement
                has been secured in accordance with Section 2(b)(ii)(B), or a guarantor
                has been secured in accordance with Section 2(b)(ii)(C), the Derivative
                Provider shall promptly reimburse the Issuing Entity for all reasonable
                incidental expenses incurred by the Issuing Entity in connection
                with the
                replacement of the Derivative Provider or Derivative Agreement or
                addition
                of such guarantor. The provisions of this paragraph shall not limit
                whatever rights the Issuing Entity may have under other provisions
                of this
                Agreement or otherwise, whether in equity or at law, such as an action
                for
                damages, specific performance or injunctive
                relief.

            

    

     

    
      SECTION
        14.       MISCELLANEOUS.

    

     

    
      	(a)  	
              Construction.
                Throughout this Agreement, as the context requires, (i) the singular
                tense
                and number includes the plural, and the plural tense and number includes
                the singular, (ii) the past tense includes the present, and the present
                tense includes the past, and (iii) references to parties, sections,
                schedules, and exhibits mean the parties, sections, schedules, and
                exhibits of and to this Agreement. The section headings in this Agreement
                are inserted only as a matter of convenience, and in no way define,
                limit,
                extend, or interpret the scope of this Agreement or of any particular
                section. 

            

    

     

    
      	(b)  	
              Assignment.
                No party to this Agreement may assign its rights under this Agreement
                without the prior written consent of the other parties hereto. Subject
                to
                the foregoing, this Agreement shall be binding on and inure to the
                benefit
                of the parties and their respective successors and permitted assigns.
                

            

    

     

    
      	(c)  	
              Notices.
                All notices and other communications hereunder will be in writing
                (including by facsimile) and effective only upon receipt, and, if
                sent to
                the Derivative Provider will be mailed or delivered to, ABN AMRO
                Bank
                N.V., 55 East 52nd Street, New York, NY 10055, telecopier number:
                (212)
                409-7303, Attn: Associate General Counsel, or such other address
                or
                telecopy number as may hereafter be furnished to the Depositor or
                the
                Sponsor in writing by the Derivative Provider, if sent to the Sponsor
                will
                be mailed or delivered to EMC Mortgage Corporation, 2780 Lake Vista
                Drive,
                Lewisville, Texas 75067, Attention: President or General Counsel,
                facsimile number: (469) 759-4714, and if sent to the Depositor will
                be
                mailed or delivered to, if Depositor is Bear Stearns Asset Backed
                Securities I LLC, 383 Madison Avenue, New York, New York 10179, Attention:
                Chief Counsel and if Depositor is Structured Asset Mortgage Investments
                II
                Inc., 383 Madison Avenue, New York, New York 10179, telecopier number:
                (212) 272-5591, Attention: Vice President-Servicing.
                

            

    

     

    
      	(d)  	
              Governing
                Law. This Agreement shall be governed by and construed in accordance
                with
                the internal laws of the State of New York without regard to the
                conflict
                of laws principles thereof (other than Sections 5-1401 and 5-1402
                of the
                New York General Obligations Law).

            

    

     

    
      	(e)  	
              Additional
                Documents. Each party hereto agrees to execute any and all further
                documents and writings and to perform such other actions which may
                be or
                become necessary or expedient to effectuate and carry out this
                Agreement.

            

    

     

    
      	(f)  	
              Suspension
                of Obligations. The Derivative Provider’s obligations to provide Company
                Information, Company Financial Information or any other information
                required by Regulation AB, obtain a guaranty of it’s obligations, post
                collateral and secure another entity to replace the Derivative Provider
                as
                a party under the Derivative Agreement shall be terminated beginning
                in
                any such year in which the Derivative Provider receives notification
                from
                the Administrator that the trust fund’s obligation to file periodic
                reports under the Exchange Act has been terminated. This obligation
                shall
                continue to be terminated unless the Administrator or the Depositor
                notify
                the Derivative Provider that the trust fund’s obligations to file reports
                under the Exchange Act has resumed; provided however, such indemnities
                provided under this Agreement shall survive the suspension of the
                Derivative Provider’s obligations under this Agreement only to the extent
                of any failure of the Derivative Provider to comply with this Agreement
                that occurred prior to such suspension of the Exchange Act
                reporting.

            

    

     

    
      	(g)  	
              Amendment
                and Waiver. This Agreement may not be modified or amended except
                by an
                instrument in writing signed by the parties hereto. No waiver of
                any
                provision of this Agreement or of any rights or obligations of any
                party
                under this Agreement shall be effective unless in writing and signed
                by
                the party or parties waiving compliance, and shall be effective only
                in
                the specific instance and for the specific purpose stated in that
                writing.

            

    

     

    
      	(h)  	
              Counterparts.
                This Agreement may be executed in one or more counterparts, each
                of which
                shall be deemed an original, all of which together shall constitute
                one
                and the same instrument.

            

    

     

    
      	(i)  	
              Severability.
                Any provision hereof which is prohibited or unenforceable shall be
                ineffective only to the extent of such prohibition or unenforceability
                without invalidating the remaining provisions
                hereof.

            

    

     

    
      	(j)  	
              Integration.
                This Agreement contains the entire understanding of the parties with
                respect to the subject matter hereof. There are no restrictions,
                agreements, promises, representations, warranties, covenants or
                undertakings with respect to the subject matter hereof other than
                those
                expressly set forth or referred to herein. This Agreement supersedes
                all
                prior agreements and understandings between the parties with respect
                to
                its subject matter.

            

    

     

    [SIGNATURE
      PAGE FOLLOWS]

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

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

    
       

      
        	 	 	 
	 	EMC
                MORTGAGE
                CORPORATION
	 
 	 
 	 
 
	
              	By:  	 
	 	
                
Name: 
	 	Title 

      

       

      
        
          	 	 	 
	 	BEAR
                  STEARNS ASSET
                  BACKED SECURITIES I LLC
	 
 	 
 	 
 
	
                	By:  	 
	 	
                  
Name: 
	 	Title 

        

         

      

      
        
          	 	 	 
	 	STRUCTURED
                  ASSET
                  MORTGAGE INVESTMENTS II INC.
	 
 	 
 	 
 
	
                	By:  	 
	 	
                  
Name: 
	 	Title 

        

         

      

      
        
          	 	 	 
	 	ABN
                  AMRO BANK
                  N.V.
	 
 	 
 	 
 
	
                	By:  	 
	 	
                  
Name: 
	 	Title 

        

         

        
          
            
              	 	 	 
	
                    	By:  	 
	 	
                      
Name: 
	 	Title 

            

             

          

        

      

    

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

        
        

      

    

    ADDENDUM
      A

     

    (a) The
      Derivative Provider indemnifies and holds harmless the Depositor, the Sponsor,
      Bear, Stearns & Co. Inc. and each of its directors and officers and
      affiliates and each person, if any, who controls the Depositor within the
      meaning of Section 15 of the Securities Act or Section 20 of the Exchange Act,
      against (I) any and all actual losses, claims, expenses, damages or liabilities
      to which the Depositor, the Sponsor, Bear, Stearns & Co. Inc. or any such
      director, officer or controlling person may become subject, under the Securities
      Act or otherwise, insofar as such losses, claims, expenses, damages or
      liabilities (or actions in respect thereof) arise out of or are based upon
      any
      untrue statement of a material fact or omission of a material fact necessary
      in
      order to make the statements made, in light of the circumstances under which
      they were made, not misleading in any information provided pursuant to Section
      2(a) of this Agreement by or on behalf of the Derivative Provider that is
      included in a Free Writing Prospectus and/or Prospectus Supplement related
      to
      the Securitization and identified in Exhibit One hereto (together, the “Company
      Information”) (as of the respective dates of such Free Writing Prospectus and
      Prospectus Supplement) or any Company Financial Information (as of the date
      of
      such Company Financial Information) or any other information required to be
      provided by the Derivative Provider pursuant to Section 2 of this Agreement
      (other than any information that is required to be provided by the Derivative
      Provider pursuant to Section 2(a) of this Agreement) or (II) for any and all
      actual losses, claims, expenses, damages or liabilities incurred by the
      Depositor, the Sponsor, Bear, Stearns & Co. Inc. or any such director,
      officer or controlling person in connection with the failure of the Derivative
      Provider to comply with this Agreement; and will reimburse any such reasonable
      legal or other expenses actually incurred by the Depositor the Sponsor, Bear,
      Stearns & Co. Inc. or any such director, officer or controlling person in
      connection with investigating or defending any such loss, claim, damage,
      liability or action. This indemnity agreement will be in addition to any
      liability which the Derivative Provider may otherwise have.

     

    (b) The
      Depositor and the Sponsor indemnify and holds harmless the Derivative Provider,
      each of its directors, each of its officers and affiliates and each person,
      if
      any, who controls the Derivative Provider within the meaning of Section 15
      of
      the Securities Act or Section 20 of the Exchange Act, against any and all actual
      losses, claims, expenses, damages or liabilities to which the Derivative
      Provider or any such director, officer, affiliate or controlling person may
      become subject, under the Securities Act or otherwise, insofar as such losses,
      claims, expenses, damages or liabilities (or actions in respect thereof) arise
      out of or are based upon any untrue statement or alleged untrue statement of
      any
      material fact contained in the Free Writing Prospectus, the Prospectus
      Supplement and/or private placement memorandum related to the Securitization
      other than with respect to the Company Information, or omission to state therein
      a material fact required to be stated therein or necessary to make the
      statements made therein not misleading; and will reimburse such reasonable
      legal
      or other expenses actually incurred by the Derivative Provider or any such
      director, officer, affiliate or controlling person in connection with
      investigating or defending any such loss, claim, damage, liability or action.
      This indemnity agreement will be in addition to any liability which the
      Depositor may otherwise have.

     

    (c) Promptly
      after receipt by an indemnified party under this Agreement of notice of the
      commencement of any action described therein, such indemnified party will,
      if a
      claim in respect thereof is to be made against the indemnifying party under
      this
      Agreement, notify in writing the indemnifying party of the commencement thereof,
      but the omission so to notify the indemnifying party will not relieve the
      indemnifying party from any liability that it may have to any indemnified party
      (a) under this Agreement except to the extent that the omission to notify the
      indemnifying party with respect to this Agreement materially adversely affects
      the indemnifying party's ability to perform under this Agreement or (b)
      otherwise than under this Agreement. In case any such action is brought against
      any indemnified party, and it notifies the indemnifying party of the
      commencement thereof, the indemnifying party will be entitled to participate
      therein, and, to the extent that it may wish to do so, jointly with any other
      indemnifying party similarly notified, to assume the defense thereof, with
      counsel reasonably satisfactory to such indemnified party (who shall not, except
      with the consent of the indemnified party, be counsel to the indemnifying
      party), and, after notice from the indemnifying party to such indemnified party
      under this Agreement,, such indemnifying party shall not be liable for any
      legal
      or other expenses subsequently incurred by such indemnified party in connection
      with the defense thereof other than reasonable costs of
      investigation.

     

    Any
      indemnified party shall have the right to employ separate counsel in any such
      action and to participate in the defense thereof, but the fees and expenses
      of
      such counsel shall be at the expense of such indemnified party unless: (i)
      the
      employment thereof has been specifically authorized by the indemnifying party
      in
      writing; (ii) such indemnified party shall have been advised by such counsel
      that there may be one or more legal defenses available to it which are different
      from or additional to those available to the indemnifying party and in the
      reasonable judgment of such counsel it is advisable for such indemnified party
      to employ separate counsel; (iii) a conflict or potential conflict exists (based
      on advice of counsel to the indemnified party) between the indemnified party
      and
      the indemnifying party (in which case the indemnifying party will not have
      the
      right to direct the defense of such action on behalf of the indemnified party)
      or (iv) the indemnifying party has failed to assume the defense of such action
      and employ counsel reasonably satisfactory to the indemnified party, in which
      case, if such indemnified party notifies the indemnifying party in writing
      that
      it elects to employ separate counsel at the expense of the indemnifying party,
      the indemnifying party shall not have the right to assume the defense of such
      action on behalf of such indemnified party, it being understood, however, the
      indemnifying party shall not, in connection with any one such action or separate
      but substantially similar or related actions in the same jurisdiction arising
      out of the same general allegations or circumstances, be liable for the
      reasonable fees and expenses of more than one separate firm of attorneys (in
      addition to local counsel) at any time for all such indemnified parties, which
      firm shall be designated in writing by the indemnified party.

     

    Each
      indemnified party, as a condition of the indemnity agreement contained in clause
      (a) and clause (b), shall use its best efforts to cooperate with the
      indemnifying party in the defense of any such action or claim. No indemnifying
      party shall be liable for any settlement of any such action or claim effected
      without its written consent (which consent shall not be unreasonably withheld),
      but if settled with its written consent or if there be a final judgment for
      the
      plaintiff in any such action, the indemnifying party agrees to indemnify and
      hold harmless any indemnified party from and against any loss or liability
      (to
      the extent set forth in clause (a) or clause (b) as applicable) by reason of
      such settlement or judgment.

     

    (d) If
      the
      indemnification provided for in clause (a) or clause (b) is unavailable or
      insufficient to hold harmless an indemnified party under clause (a) or clause
      (b) above, then the indemnifying party shall contribute to the amount paid
      or
      payable by such indemnified party as a result of the losses, claims, expenses,
      damages or liabilities referred to in clause (a) or clause (b) above (i) in
      such
      proportion as is appropriate to reflect the relative benefits received by the
      Depositor on the one hand and the Derivative Provider on the other from the
      offering of the underwritten certificates or (ii) if the allocation provided
      by
      clause (i) above is not permitted by applicable law, in such proportion as
      is
      appropriate to reflect not only the relative benefits referred to in clause
      (i)
      above but also the relative fault of the Depositor on the one hand and the
      Derivative Provider on the other in connection with the statements or omissions
      which resulted in such losses, claims, expenses, damages or liabilities as
      well
      as any other relevant equitable considerations. The relative benefits received
      by the Depositor on the one hand and the Derivative Provider on the other shall
      be deemed to be in the same proportion as the total net proceeds from the
      offering (before deducting expenses) received by the Depositor bear to the
      total
      fees received by the Derivative Provider. The relative fault shall be determined
      by reference to, among other things, whether the untrue or alleged untrue
      statement of a material fact or the omission or alleged omission to state a
      material fact relates to information supplied by the Depositor or by the
      Derivative Provider and the parties' relative intent, knowledge, access to
      information and opportunity to correct or prevent such untrue statement or
      omission. The amount paid by an indemnified party as a result of the losses,
      claims, expenses, damages or liabilities referred to above in the first sentence
      of this clause (d) shall be deemed to include any legal or other expenses
      reasonably incurred by such indemnified party in connection with investigating
      or defending any action or claim which is the subject of this clause (d). No
      person guilty of fraudulent misrepresentation (within the meaning of Section
      11(f) of the Securities Act) shall be entitled to contribution from any person
      who was not guilty of such fraudulent misrepresentation.

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

        
        

      

    

    Exhibit
      One to Addendum A

     

    [DEPOSITOR]

    [TRUST]

    

    Letter
      to the Depositor relating to the Company Information Pursuant to Item 1115
      Agreement 

    

    [Date]

    

    [Depositor
      Name and Address]

    

    Ladies
      and Gentleman: 

    

    In
      accordance with Section 5(b) of the Item 1115 Agreement (the “Agreement”) dated
      as of November [ ], 2006 among EMC Mortgage Corporation as sponsor, Bear Stearns
      Asset Backed Securities I LLC [(the “Depositor”)] and Structured Asset Mortgage
      Investments II Inc., [the “Depositor”)], and [ ], (the “Derivative Provider”),
      the information provided by the Derivative Provider contained in the [Free
      Writing Prospectus, dated [ ], including any supplement or amendment thereto,
      under the captions “The Interest Rate Swap Agreement - the Swap Provider”,
      attached hereto as Exhibit A, and the [Prospectus Supplement, dated [ ],
      including any supplement or amendment thereto, under the captions “The Interest
      Rate Swap Agreement —The Swap Provider”, attached hereto as Exhibit A
      ([together], the “Company Information”) in connection with [SECURITIZATION] is
      hereby incorporated into the Agreement and made a part of the indemnification
      provisions of the Agreement as of the date of the related [Free Writing
      Prospectus and/or] Prospectus Supplement. The Company Information is the only
      information furnished by the Derivative Provider to the Depositor for inclusion
      in the [Free Writing Prospectus and the] Prospectus Supplement. The
      indemnification provisions of the Agreement shall be in full force and effect
      as
      it relates to the Company Information as they relate to any other information
      provided by the Derivative Provider pursuant to the Agreement. 

    

    

    [SIGNATURE
      PAGE FOLLOWS]

    

    

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    

     

    Very
      truly yours,

     

    DERIVATIVE
      PROVIDER

    

    By:
      ________________________

    Name:

    Title:
      

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    

    EXHIBIT
      A

    

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    

    EXHIBIT
      B

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

        
        

      

    

    EXHIBIT
      O

     

    [Reserved]

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

        
        

      

    

    EXHIBIT
      P

     

    SERVICING
      CRITERIA TO BE ADDRESSED

    IN
      ASSESSMENT OF COMPLIANCE

    

    Definitions

    Master
      Servicer - aggregator of pool assets

    Custodian
      - safe keeper of pool assets

    Trustee
      -
      fiduciary of the transaction, waterfall calculator, paying agent

    

    Where
      there are multiple checks for criteria the attesting party will identify in
      their management assertion that they are attesting only to the portion of the
      distribution chain they are responsible for in the related transaction
      agreements.

    

    Key: X
      - obligation

    

    
      	
              Reg
                AB Reference

            	
              Servicing
                Criteria

            	
              Master
                Servicer

            	
              Trustee

            	
              Custodian

            
	
               

            	
              General
                Servicing Considerations

            	
               

            	
               

            	
               

            
	
              1122(d)(1)(i)

            	
              Policies
                and procedures are instituted to monitor any performance or other
                triggers
                and events of default in accordance with the transaction
                agreements.

            	
              X

            	
              X

            	
               

            
	
              1122(d)(1)(ii)

            	
              If
                any material servicing activities are outsourced to third parties,
                policies and procedures are instituted to monitor the third party’s
                performance and compliance with such servicing activities.

            	
              X

            	
               

            	
               

            
	
              1122(d)(1)(iii)

            	
              Any
                requirements in the transaction agreements to maintain a back-up
                servicer
                for the Pool Assets are maintained.

            	
               

            	
               

            	
               

            
	
              1122(d)(1)(iv)

            	
              A
                fidelity bond and errors and omissions policy is in effect on the
                party
                participating in the servicing function throughout the reporting
                period in
                the amount of coverage required by and otherwise in accordance with
                the
                terms of the transaction agreements. 

            	
              X

            	
               

            	
               

            
	
               

            	
              Cash
                Collection and Administration

            	
               

            	
               

            	
               

            
	
              1122(d)(2)(i)

            	
              Payments
                on pool assets are deposited into the appropriate custodial bank
                accounts
                and related bank clearing accounts no more than two business days
                following receipt, or such other number of days specified in the
                transaction agreements. 

            	
              X

            	
              X

            	
               

            
	
              1122(d)(2)(ii)

            	
              Disbursements
                made via wire transfer on behalf of an obligor or to an investor
                are made
                only by authorized personnel. 

            	
              X

            	
              X

            	
               

            
	
              1122(d)(2)(iii)

            	
              Advances
                of funds or guarantees regarding collections, cash flows or distributions,
                and any interest or other fees charged for such advances, are made,
                reviewed and approved as specified in the transaction agreements.
                

            	
              X

            	
              X

            	
               

            
	
              1122(d)(2)(iv)

            	
              The
                related accounts for the transaction, such as cash reserve accounts
                or
                accounts established as a form of over collateralization, are separately
                maintained (e.g., with respect to commingling of cash) as set forth
                in the
                transaction agreements. 

            	
              X

            	
              X

            	
               

            
	
              1122(d)(2)(v)

            	
              Each
                custodial account is maintained at a federally insured depository
                institution as set forth in the transaction agreements. For purposes
                of
                this criterion, “federally insured depository institution” with respect to
                a foreign financial institution means a foreign financial institution
                that
                meets the requirements of Rule 13k-1(b)(1) of the Securities Exchange
                Act.
                

            	
              X

            	
              X

            	
               

            
	
              1122(d)(2)(vi)

            	
              Unissued
                checks are safeguarded so as to prevent unauthorized access.
                

            	
              X

            	
               

            	
               

            
	
              1122(d)(2)(vii)
                

            	
              Reconciliations
                are prepared on a monthly basis for all asset-backed securities related
                bank accounts, including custodial accounts and related bank clearing
                accounts. These reconciliations are (A) mathematically accurate;
                (B)
                prepared within 30 calendar days after the bank statement cutoff
                date, or
                such other number of days specified in the transaction agreements;
                (C)
                reviewed and approved by someone other than the person who prepared
                the
                reconciliation; and (D) contain explanations for reconciling items.
                These
                reconciling items are resolved within 90 calendar days of their original
                identification, or such other number of days specified in the transaction
                agreements. 

            	
              X

            	
              X

            	
               

            
	
               

            	
              Investor
                Remittances and Reporting

            	
               

            	
               

            	
               

            
	
              1122(d)(3)(i)

            	
              Reports
                to investors, including those to be filed with the Commission, are
                maintained in accordance with the transaction agreements and applicable
                Commission requirements. Specifically, such reports (A) are prepared
                in
                accordance with timeframes and other terms set forth in the transaction
                agreements; (B) provide information calculated in accordance with
                the
                terms specified in the transaction agreements; (C) are filed with
                the
                Commission as required by its rules and regulations; and (D) agree
                with
                investors’ or the trustee’s records as to the total unpaid principal
                balance and number of Pool Assets serviced by the Servicer.
                

            	
              X

            	
              X

            	
               

            
	
              1122(d)(3)(ii)

            	
              Amounts
                due to investors are allocated and remitted in accordance with timeframes,
                distribution priority and other terms set forth in the transaction
                agreements. 

            	
              X

            	
              X

            	
               

            
	
              1122(d)(3)(iii)

            	
              Disbursements
                made to an investor are posted within two business days to the Servicer’s
                investor records, or such other number of days specified in the
                transaction agreements. 

            	
              X

            	
              X

            	
               

            
	
              1122(d)(3)(iv)

            	
              Amounts
                remitted to investors per the investor reports agree with cancelled
                checks, or other form of payment, or custodial bank statements.
                

            	
              X

            	
              X

            	
               

            
	
               

            	
              Pool
                Asset Administration

            	
               

            	
               

            	
               

            
	
              1122(d)(4)(i)
                

            	
              Collateral
                or security on pool assets is maintained as required by the transaction
                agreements or related pool asset documents. 

            	
               

            	
               

            	
              X

            
	
              1122(d)(4)(ii)

            	
              Pool
                assets and related documents are safeguarded as required by the
                transaction agreements 

            	
               

            	
               

            	
              X

            
	
              1122(d)(4)(iii)

            	
              Any
                additions, removals or substitutions to the asset pool are made,
                reviewed
                and approved in accordance with any conditions or requirements in
                the
                transaction agreements. 

            	
              X

            	
              X

            	
              X* 

            
	
              1122(d)(4)(iv)

            	
              Payments
                on pool assets, including any payoffs, made in accordance with the
                related
                pool asset documents are posted to the Servicer’s obligor records
                maintained no more than two business days after receipt, or such
                other
                number of days specified in the transaction agreements, and allocated
                to
                principal, interest or other items (e.g., escrow) in accordance with
                the
                related pool asset documents. 

            	
              X

            	
               

            	
               

            
	
              1122(d)(4)(v)

            	
              The
                Servicer’s records regarding the pool assets agree with the Servicer’s
                records with respect to an obligor’s unpaid principal balance.
                

            	
              X

            	
               

            	
               

            
	
              1122(d)(4)(vi)

            	
              Changes
                with respect to the terms or status of an obligor's pool assets (e.g.,
                loan modifications or re-agings) are made, reviewed and approved
                by
                authorized personnel in accordance with the transaction agreements
                and
                related pool asset documents. 

            	
              X

            	
               

            	
               

            
	
              1122(d)(4)(vii)

            	
              Loss
                mitigation or recovery actions (e.g., forbearance plans, modifications
                and
                deeds in lieu of foreclosure, foreclosures and repossessions, as
                applicable) are initiated, conducted and concluded in accordance
                with the
                timeframes or other requirements established by the transaction
                agreements. 

            	
              X

            	
               

            	
               

            
	
              1122(d)(4)(viii)

            	
              Records
                documenting collection efforts are maintained during the period a
                pool
                asset is delinquent in accordance with the transaction agreements.
                Such
                records are maintained on at least a monthly basis, or such other
                period
                specified in the transaction agreements, and describe the entity’s
                activities in monitoring delinquent pool assets including, for example,
                phone calls, letters and payment rescheduling plans in cases where
                delinquency is deemed temporary (e.g., illness or unemployment).
                

            	
              X

            	
               

            	
               

            
	
              1122(d)(4)(ix)

            	
              Adjustments
                to interest rates or rates of return for pool assets with variable
                rates
                are computed based on the related pool asset documents. 

            	
              X

            	
               

            	
               

            
	
              1122(d)(4)(x)

            	
              Regarding
                any funds held in trust for an obligor (such as escrow accounts):
                (A) such
                funds are analyzed, in accordance with the obligor’s pool asset documents,
                on at least an annual basis, or such other period specified in the
                transaction agreements; (B) interest on such funds is paid, or credited,
                to obligors in accordance with applicable pool asset documents and
                state
                laws; and (C) such funds are returned to the obligor within 30 calendar
                days of full repayment of the related pool assets, or such other
                number of
                days specified in the transaction agreements. 

            	
              X

            	
               

            	
               

            
	
              1122(d)(4)(xi)

            	
              Payments
                made on behalf of an obligor (such as tax or insurance payments)
                are made
                on or before the related penalty or expiration dates, as indicated
                on the
                appropriate bills or notices for such payments, provided that such
                support
                has been received by the servicer at least 30 calendar days prior
                to these
                dates, or such other number of days specified in the transaction
                agreements. 

            	
              X

            	
               

            	
               

            
	
              1122(d)(4)(xii)

            	
              Any
                late payment penalties in connection with any payment to be made
                on behalf
                of an obligor are paid from the Servicer’s funds and not charged to the
                obligor, unless the late payment was due to the obligor’s error or
                omission. 

            	
              X

            	
               

            	
               

            
	
              1122(d)(4)(xiii)

            	
              Disbursements
                made on behalf of an obligor are posted within two business days
                to the
                obligor’s records maintained by the servicer, or such other number of days
                specified in the transaction agreements. 

            	
              X

            	
               

            	
               

            
	
              1122(d)(4)(xiv)
                

            	
              Delinquencies,
                charge-offs and uncollectible accounts are recognized and recorded
                in
                accordance with the transaction agreements. 

            	
              X

            	
               

            	
               

            
	
              1122(d)(4)(xv)

            	
              Any
                external enhancement or other support, identified in Item 1114(a)(1)
                through (3) or Item 1115 of Regulation AB, is maintained as set forth
                in
                the transaction agreements. 

            	
               

            	
              X

            	
               

            

    

     

    

      

      
        *
          Only
          with respect to the logistics of adding, removing and substituting loan
          files.

         

      

    

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

        
        

      

    

    EXHIBIT
      Q

     

    FORM
      10-D, FORM 8-K AND FORM 10-K

    REPORTING
      RESPONSIBILITY

    

    As
      to
      each item described below, the entity indicated as the Responsible Party shall
      be primarily responsible for reporting the information to the party identified
      as responsible for preparing the Securities Exchange Act Reports pursuant to
      Section 3.16 of the Pooling and Servicing Agreement. The
      trustee in this transaction is responsible for all of the securities
      administrator functions.

    

    Under
      Item 1 of Form 10-D: a) items marked “monthly statements to certificateholders”
are required to be included in the periodic Distribution Date statement under
      Section 5.06 of the Pooling and Servicing Agreement, provided by the Trustee
      based on information received from the party providing such information; and
      b)
      items marked “Form 10-D report” are required to be in the Form 10-D report but
      not the monthly statements to certificateholders, provided by the party
      indicated. Information under all other Items of Form 10-D is to be included
      in
      the Form 10-D report. All such information and any other Items of Form 8-K
      and
      Form 10-K set forth in this exhibit shall be sent to the Trustee and the
      Depositor. 

    

    
      	
              Form

            	
              Item

            	
              Description

            	
              Master
                Servicer

            	
              Trustee

            	
              Custodian

            	
              Depositor

            	
              Sponsor

            
	
              10-D

            	
              Must
                be filed within 15 days of the distribution date for the asset-backed
                securities.

            	
               

            	
               

            
	
               

            	
              1

            	
              Distribution
                and Pool Performance Information

            	
               

            	
               

            	
               

            	
               

            	
               

            
	
              Item
                1121(a) - Distribution and Pool Performance
                Information

            	
               

            	
               

            	
               

            	
               

            	
               

            
	
              (1)
                Any applicable record dates, accrual dates, determination dates for
                calculating distributions and actual distribution dates for the
                distribution period.

            	
               

            	
              X

               

              (monthly
                statements to certificateholders)

            	
               

            	
               

            	
               

            
	
              (2)
                Cash flows received and the sources thereof for distributions, fees
                and
                expenses.

            	
               

            	
              X

               

              (monthly
                statements to certificateholders)

            	
               

            	
               

            	
               

            
	
              (3)
                Calculated amounts and distribution of the flow of funds for the
                period
                itemized by type and priority of payment, including:

            	
               

            	
              X

               

              (monthly
                statements to certificateholders)

            	
               

            	
               

            	
               

            
	
              (i)
                Fees or expenses accrued and paid, with an identification of the
                general
                purpose of such fees and the party receiving such fees or
                expenses.

            	
               

            	
              X

               

              (monthly
                statements to certificateholders)

            	
               

            	
               

            	
               

            
	
              (ii)
                Payments accrued or paid with respect to enhancement or other support
                identified in Item 1114 of Regulation AB (such as insurance premiums
                or
                other enhancement maintenance fees), with an identification of the
                general
                purpose of such payments and the party receiving such
                payments.

            	
               

            	
              X

               

              (monthly
                statements to certificateholders)

            	
               

            	
               

            	
               

            
	
              (iii)
                Principal, interest and other distributions accrued and paid on the
                asset-backed securities by type and by class or series and any principal
                or interest shortfalls or carryovers.

            	
               

            	
              X

               

              (monthly
                statements to certificateholders)

            	
               

            	
               

            	
               

            
	
              (iv)
                The amount of excess cash flow or excess spread and the disposition
                of
                excess cash flow.

            	
               

            	
              X

               

              (monthly
                statements to certificateholders)

            	
               

            	
               

            	
               

            
	
              (4)
                Beginning and ending principal balances of the asset-backed
                securities.

            	
               

            	
              X

               

              (monthly
                statements to certificateholders)

            	
               

            	
               

            	
               

            
	
              (5)
                Interest rates applicable to the pool assets and the asset-backed
                securities, as applicable. Consider providing interest rate information
                for pool assets in appropriate distributional groups or incremental
                ranges.

            	
               

            	
              X

               

              (monthly
                statements to certificateholders)

            	
               

            	
               

            	
               

            
	
              (6)
                Beginning and ending balances of transaction accounts, such as reserve
                accounts, and material account activity during the period.

            	
               

            	
              X

               

              (monthly
                statements to certificateholders) (only with respect to the reserve
                accounts)

            	
               

            	
               

            	
               

            
	
              (7)
                Any amounts drawn on any credit enhancement or other support identified
                in
                Item 1114 of Regulation AB, as applicable, and the amount of coverage
                remaining under any such enhancement, if known and
                applicable.

            	
               

            	
              X

               

              (monthly
                statements to certificateholders)

            	
               

            	
               

            	
               

            
	
              (8)
                Number and amount of pool assets at the beginning and ending of each
                period, and updated pool composition information, such as weighted
                average
                coupon, weighted average remaining term, pool factors and prepayment
                amounts.

            	
               

            	
              X

               

              (monthly
                statements to certificateholders)

            	
               

            	
              Updated
                pool composition information fields to be as specified by Depositor
                from
                time to time

            	
               

            
	
              (9)
                Delinquency and loss information for the period.

            	
               

            	
              X

               

              (monthly
                statements to certificateholders)

            	
               

            	
               

            	
               

            
	
              In
                addition, describe any material changes to the information specified
                in
                Item 1100(b)(5) of Regulation AB regarding the pool assets.
                (methodology)

            	
              X

            	
               

            	
               

            	
               

            	
               

            
	
              (10)
                Information on the amount, terms and general purpose of any advances
                made
                or reimbursed during the period, including the general use of funds
                advanced and the general source of funds for
                reimbursements.

            	
               

            	
              X

               

              (monthly
                statements to certificateholders)

            	
               

            	
               

            	
               

            
	
              (11)
                Any material modifications, extensions or waivers to pool asset terms,
                fees, penalties or payments during the distribution period or that
                have
                cumulatively become material over time.

            	
               

            	
              X

               

              (monthly
                statements to certificateholders)

            	
               

            	
               

            	
               

            
	
              (12)
                Material breaches of pool asset representations or warranties or
                transaction covenants.

            	
              X

            	
              X

               

              (if
                agreed upon by the parties)

            	
               

            	
              X

            	
               

            
	
              (13)
                Information on ratio, coverage or other tests used for determining
                any
                early amortization, liquidation or other performance trigger and
                whether
                the trigger was met.

            	
               

            	
              X

               

              (monthly
                statements to certificateholders)

            	
               

            	
               

            	
               

            
	
              (14)
                Information regarding any new issuance of asset-backed securities
                backed
                by the same asset pool, 

            	
               

            	
               

            	
               

            	
              X

            	
               

            
	
              information
                regarding any pool asset changes (other than in connection with a
                pool
                asset converting into cash in accordance with its terms), such as
                additions or removals in connection with a prefunding or revolving
                period
                and pool asset substitutions and repurchases (and purchase rates,
                if
                applicable), and cash flows available for future purchases, such
                as the
                balances of any prefunding or revolving accounts, if
                applicable.

            	
              X

            	
              X

            	
               

            	
              X

            	
               

            
	
              Disclose
                any material changes in the solicitation, credit-granting, underwriting,
                origination, acquisition or pool selection criteria or procedures,
                as
                applicable, used to originate, acquire or select the new pool
                assets.

            	
               

            	
               

            	
               

            	
              X

            	
              X

            
	
              Item
                1121(b) - Pre-Funding or Revolving Period Information

               

              Updated
                pool information as required under Item 1121(b).

            	
               

            	
               

            	
               

            	
              X

            	
               

            
	
              2

            	
              Legal
                Proceedings

            	
               

            	
               

            	
               

            	
               

            	
               

            
	
              Item
                1117 - Legal proceedings pending against the following entities,
                or their
                respective property, that is material to Certificateholders, including
                proceedings known to be contemplated by governmental
                authorities:

            	
               

            	
               

            	
               

            	
               

            	
               

            
	
              Sponsor
                (Seller)

            	
               

            	
               

            	
               

            	
               

            	
              X

            
	
              Depositor

            	
               

            	
               

            	
               

            	
              X

            	
               

            
	
              Trustee

            	
               

            	
              X

            	
               

            	
               

            	
               

            
	
              Issuing
                entity

            	
               

            	
               

            	
               

            	
              X

            	
               

            
	
              Master
                Servicer, affiliated Servicer, other Servicer servicing 20% or more
                of
                pool assets at time of report, other material servicers

            	
              X

            	
               

            	
               

            	
               

            	
               

            
	
              Originator
                of 20% or more of pool assets as of the Cut-off Date

            	
               

            	
               

            	
               

            	
              X

            	
               

            
	
              Custodian

            	
               

            	
               

            	
              X

            	
               

            	
               

            
	
               

            	
              3

            	
              Sales
                of Securities and Use of Proceeds

            	
               

            	
               

            	
               

            	
               

            	
               

            
	
              Information
                from Item 2(a) of Part II of Form 10-Q:

               

              With
                respect to any sale of securities by the sponsor, depositor or issuing
                entity, that are backed by the same asset pool or are otherwise issued
                by
                the issuing entity, whether or not registered, provide the sales
                and use
                of proceeds information in Item 701 of Regulation S-K. Pricing information
                can be omitted if securities were not registered.

            	
               

            	
               

            	
               

            	
              X

            	
               

            
	
              4

            	
              Defaults
                Upon Senior Securities

            	
               

            	
               

            	
               

            	
               

            	
               

            
	
              Information
                from Item 3 of Part II of Form 10-Q:

               

              Report
                the occurrence of any Event of Default (after expiration of any grace
                period and provision of any required notice)

            	
               

            	
              X

            	
               

            	
               

            	
               

            
	
              5

            	
              Submission
                of Matters to a Vote of Certificateholders

            	
               

            	
               

            	
               

            	
               

            	
               

            
	
              Information
                from Item 4 of Part II of Form 10-Q

            	
               

            	
              X

            	
               

            	
               

            	
               

            
	
              6

            	
              Significant
                Obligors of Pool Assets

            	
               

            	
               

            	
               

            	
               

            	
               

            
	
              Item
                1112(b) - Significant
                Obligor Financial Information*

            	
               

            	
               

            	
               

            	
              X

            	
               

            
	
              *This
                information need only be reported on the Form 10-D for the distribution
                period in which updated information is required pursuant to the
                Item.

            	
               

            	
               

            	
               

            	
               

            	
               

            
	
              7

            	
              Significant
                Enhancement Provider Information

            	
               

            	
               

            	
               

            	
               

            	
               

            
	
              Item
                1114(b)(2) - Credit Enhancement Provider Financial
                Information*

            	
               

            	
               

            	
               

            	
               

            	
               

            
	
              Determining
                applicable disclosure threshold

            	
               

            	
              X

            	
               

            	
               

            	
               

            
	
              Requesting
                required financial information or effecting incorporation by
                reference

            	
               

            	
              X

            	
               

            	
               

            	
               

            
	
              Item
                1115(b) - Derivative Counterparty Financial
                Information*

            	
               

            	
               

            	
               

            	
               

            	
               

            
	
              Determining
                current maximum probable exposure

            	
               

            	
               

            	
               

            	
              X

            	
               

            
	
              Determining
                current significance percentage

            	
               

            	
              X

            	
               

            	
               

            	
               

            
	
              Requesting
                required financial information or effecting incorporation by
                reference

            	
               

            	
              X

            	
               

            	
               

            	
               

            
	
              *This
                information need only be reported on the Form 10-D for the distribution
                period in which updated information is required pursuant to the
                Items.

            	
               

            	
               

            	
               

            	
               

            	
               

            
	
              8

            	
              Other
                Information

            	
               

            	
               

            	
               

            	
               

            	
               

            
	
               

            	
               

            	
              Disclose
                any information required to be reported on Form 8-K during the period
                covered by the Form 10-D but not reported

            	
              The
                Responsible Party for the applicable Form 8-K item as indicated
                below.

            
	
               

            	
              9

            	
              Exhibits

            	
               

            	
               

            	
               

            	
               

            	
               

            
	
              Distribution
                report

            	
               

            	
              X

            	
               

            	
               

            	
               

            
	
              Exhibits
                required by Item 601 of Regulation S-K, such as material
                agreements

            	
               

            	
               

            	
               

            	
              X

            	 
	
              8-K

            	
              Must
                be filed within four business days of an event reportable on Form
                8-K.

            	
               

            	
               

            
	
               

            	
              1.01

            	
              Entry
                into a Material Definitive Agreement

            	
               

            	
               

            	
               

            	
               

            	
               

            
	
              Disclosure
                is required regarding entry into or amendment of any definitive agreement
                that is material to the securitization, even if depositor is not
                a party.
                

               

              Examples:
                servicing agreement, custodial agreement.

               

              Note:
                disclosure not required as to definitive agreements that are fully
                disclosed in the prospectus

            	
              X

            	
              X 

            	
               

            	
              X 

            	
              X 

            
	
              1.02

            	
              Termination
                of a Material Definitive Agreement

            	
              X

            	
              X 

            	
               

            	
              X 

            	
              X 

            
	
              Disclosure
                is required regarding termination of any definitive agreement that
                is
                material to the securitization (other than expiration in accordance
                with
                its terms), even if depositor is not a party. 

               

               

              Examples:
                servicing agreement, custodial agreement.

            	
              X

            	
              X

            	
              X

            	
              X

            	
              X

            
	
              1.03

            	
              Bankruptcy
                or Receivership

            	
               

            	
               

            	
               

            	
               

            	
               

            
	
              Disclosure
                is required regarding the bankruptcy or receivership, if known to
                the
                Master Servicer, with respect to any of the following: 

               

              Sponsor
                (Seller), Depositor, Master Servicer, affiliated Servicer, other
                Servicer
                servicing 20% or more of pool assets at time of report, other material
                servicers, Trustee, significant obligor, credit enhancer (10% or
                more),
                derivatives counterparty, Custodian

            	
              X

            	
              X 

            	
              X

            	
              X 

            	
              X 

            
	
              2.04

            	
              Triggering
                Events that Accelerate or Increase a Direct Financial Obligation
                or an
                Obligation under an Off-Balance Sheet Arrangement [in
                this transaction there is no off-balance sheet
                arrangement]

            	
               

            	
               

            	
               

            	
               

            	
               

            
	
              Includes
                an early amortization, performance trigger or other event, including
                event
                of default, that would materially alter the payment priority/distribution
                of cash flows/amortization schedule.

               

              Disclosure
                will be made of events other than waterfall triggers which are disclosed
                in the monthly statements to certificateholders [in this transaction
                there
                will be no events other than waterfall triggers]

            	
               

            	
              X

            	
               

            	
               

            	
               

            
	
              3.03

            	
              Material
                Modification to Rights of Certificateholders

            	
               

            	
               

            	
               

            	
               

            	
               

            
	
              Disclosure
                is required of any material modification to documents defining the
                rights
                of Certificateholders, including the Pooling and Servicing
                Agreement

            	
               

            	
              X

            	
               

            	
               

            	
               

            
	
              5.03

            	
              Amendments
                to Articles of Incorporation or Bylaws; Change in Fiscal
                Year

            	
               

            	
               

            	
               

            	
               

            	
               

            
	
              Disclosure
                is required of any amendment “to the governing documents of the issuing
                entity”

            	
               

            	
               

            	
               

            	
              X

            	
               

            
	
              5.06

            	
              Change
                in Shell Company Status

            	
               

            	
               

            	
               

            	
               

            	
               

            
	
              [Not
                applicable to ABS issuers]

            	
               

            	
               

            	
               

            	
              X

            	
               

            
	
              6.01

            	
              ABS
                Informational and Computational Material

            	
               

            	
               

            	
               

            	
               

            	
               

            
	
              [Not
                included in reports to be filed under Section 3.16]

            	
               

            	
               

            	
               

            	
              X

            	
               

            
	
              6.02

            	
              Change
                of Servicer or Trustee

            	
               

            	
               

            	
               

            	
               

            	
               

            
	
              Requires
                disclosure of any removal, replacement, substitution or addition
                of any
                master servicer, affiliated servicer, other servicer servicing 10%
                or more
                of pool assets at time of report, other material servicers or trustee.
                

            	
              X

            	
              X

            	
               

            	
              X

            	
               

            
	
              Reg
                AB disclosure about any new master servicer is also
                required.

            	
              X

            	
               

            	
               

            	
               

            	
               

            
	
              Reg
                AB disclosure about any new trustee is also required.

            	
               

            	
              X

            	
               

            	
               

            	
               

            
	
              6.03

            	
              Change
                in Credit Enhancement or Other External Support

            	
               

            	
               

            	
               

            	
               

            	
               

            
	
              Covers
                termination of any enhancement in manner other than by its terms,
                the
                addition of an enhancement, or a material change in the enhancement
                provided. Applies to external credit enhancements as well as derivatives.
                

            	
               

            	
              X

            	
               

            	
              X

            	
               

            
	
              Reg
                AB disclosure about any new enhancement provider is also
                required.

            	
               

            	
              X

            	
               

            	
              X

            	
               

            
	
              6.04

            	
              Failure
                to Make a Required Distribution

            	
               

            	
              X

            	
               

            	
               

            	
               

            
	
              6.05

            	
              Securities
                Act Updating Disclosure

            	
               

            	
               

            	
               

            	
               

            	
               

            
	
              If
                any material pool characteristic differs by 5% or more at the time
                of
                issuance of the securities from the description in the final prospectus,
                provide updated Reg AB disclosure about the actual asset
                pool.

            	
               

            	
               

            	
               

            	
              X

            	
               

            
	
              If
                there are any new servicers or originators required to be disclosed
                under
                Regulation AB as a result of the foregoing, provide the information
                called
                for in Items 1108 and 1110 respectively.

            	
               

            	
               

            	
               

            	
              X

            	
               

            
	
              7.01

            	
              Regulation
                FD Disclosure

            	
              X

            	
              X

            	
              X

            	
              X

            	
               

            
	
              8.01

            	
              Other
                Events

            	
               

            	
               

            	
               

            	
               

            	
               

            
	
              Any
                event, with respect to which information is not otherwise called
                for in
                Form 8-K, that the registrant deems of importance to
                certificateholders.

            	
               

            	
               

            	
               

            	
              X

            	
               

            
	
               

            	
              9.01

            	
              Financial
                Statements and Exhibits

            	
              The
                Responsible Party applicable to reportable event.

            
	
              10-K

            	 	
              Must
                be filed within 90 days of the fiscal year end for the
                registrant.

            	 	 
	 	
              9B

            	
              Other
                Information

            	
               

            	
               

            	
               

            	
               

            	
               

            
	
               

            	
               

            	
              Disclose
                any information required to be reported on Form 8-K during the fourth
                quarter covered by the Form 10-K but not reported

            	
              The
                Responsible Party for the applicable Form 8-K as indicated
                above.

            
	
               

            	
              15

            	
              Exhibits
                and Financial Statement Schedules

            	
               

            	
               

            	
               

            	
               

            	
               

            
	
              Item
                1112(b) - Significant
                Obligor Financial Information

            	
               

            	
               

            	
               

            	
              X

            	
               

            
	
              Item
                1114(b)(2) - Credit Enhancement Provider Financial
                Information

            	
               

            	
               

            	
               

            	
               

            	
               

            
	
              Determining
                applicable disclosure threshold

            	
               

            	
              X

            	
               

            	
               

            	
               

            
	
              Requesting
                required financial information or effecting incorporation by
                reference

            	
               

            	
              X

            	
               

            	
               

            	
               

            
	
              Item
                1115(b) - Derivative Counterparty Financial
                Information

            	
               

            	
               

            	
               

            	
               

            	
               

            
	
              Determining
                current maximum probable exposure

            	
               

            	
               

            	
               

            	
              X

            	
               

            
	
               

            	
               

            	
              Determining
                current significance percentage

            	
               

            	
              X

            	
               

            	
               

            	
               

            
	
              Requesting
                required financial information or effecting incorporation by
                reference

            	
               

            	
              X

            	
               

            	
               

            	
               

            
	
              Item
                1117 - Legal proceedings pending against the following entities,
                or their
                respective property, that is material to Certificateholders, including
                proceedings known to be contemplated by governmental
                authorities:

            	
               

            	
               

            	
               

            	
               

            	
               

            
	
              Sponsor
                (Seller)

            	
               

            	
               

            	
               

            	
               

            	
              X

            
	
              Depositor

            	
               

            	
               

            	
               

            	
              X

            	
               

            
	
              Trustee

            	
               

            	
              X

            	
               

            	
               

            	
               

            
	
              Issuing
                entity

            	
               

            	
               

            	
               

            	
              X

            	
               

            
	
              Master
                Servicer, affiliated Servicer, other Servicer servicing 20% or more
                of
                pool assets at time of report, other material servicers

            	
              X

            	
               

            	
               

            	
               

            	
               

            
	
              Originator
                of 20% or more of pool assets as of the Cut-off Date

            	
               

            	
               

            	
               

            	
              X

            	
               

            
	
              Custodian

            	
               

            	
               

            	
              X

            	
               

            	
               

            
	
              Item
                1119 - Affiliations and relationships between the following entities,
                or
                their respective affiliates, that are material to
                Certificateholders:

            	
               

            	
               

            	
               

            	
               

            	
               

            
	
              Sponsor
                (Seller)

            	
               

            	
               

            	
               

            	
               

            	
              X

            
	
              Depositor

            	
               

            	
               

            	
               

            	
              X

            	
               

            
	
              Trustee

            	
               

            	
              X

            	
               

            	
               

            	
               

            
	
              Master
                Servicer, affiliated Servicer, other Servicer servicing 20% or more
                of
                pool assets at time of report, other material servicers

            	
              X

            	
               

            	
               

            	
               

            	
               

            
	
              Originator

            	
               

            	
               

            	
               

            	
              X

            	
               

            
	
              Custodian

            	
               

            	
               

            	
              X

            	
               

            	
               

            
	
              Credit
                Enhancer/Support Provider

            	
               

            	
               

            	
               

            	
              X

            	
               

            
	
              Significant
                Obligor

            	
               

            	
               

            	
               

            	
              X

            	
               

            
	
              Item
                1122 - Assessment of Compliance with Servicing
                Criteria

            	
              X

            	
              X

            	
              X

            	
               

            	
               

            
	
              Item
                1123 - Servicer Compliance Statement

            	
              X

            	
              X

            	
               

            	 	 

    

    

      
        
          
          

        

        
          
          

          
            

          

        

        
          
          

          
          

        

      

    

     

    EXHIBIT
      R

     

    ADDITIONAL
      DISCLOSURE NOTIFICATION

     

    Bear
      Stearns Asset Backed Securities I LLC

    383
      Madison Avenue

    New
      York,
      New York 10179

    Fax:
      (212) 272-2000

    E-mail:
      regabnotifications@bear.com

    

    LaSalle
      Bank National Association as Trustee 

    135
      S.
      LaSalle St., Suite 1511

    Chicago,
      Illinois 60603

    Fax:
      (312) 904-1368

    E-mail:
      edgar@abnamro.com

    Attn:
      Global Securities and Trust Services Group - BEAR STEARNS ASSET BACKED
      SECURITIES I TRUST 2006-AQ1-SEC REPORT PROCESSING

     

    RE:
      **Additional Form [ ] Disclosure**Required

     

    Ladies
      and Gentlemen:

     

    In
      accordance with Section 3.16(a)(iv) of the Pooling and Servicing Agreement,
      dated as of November 1, 2006, among Bear Stearns Asset Backed Securities I
      LLC,
      as depositor, EMC Mortgage Corporation, as seller and as master servicer, and
      LaSalle Bank National Association, as trustee. The Undersigned, as [Name of
      Party], hereby notifies you that certain events have come to our attention
      that
      [will][may] need to be disclosed on Form [ ].

     

    Description
      of Additional Form [ ] Disclosure:

     

    List
      of
      Any Attachments hereto to be included in the Additional Form [ ]
      Disclosure:

     

    Any
      inquiries related to this notification should be directed to [ ], phone number:
      [ ]; email address: [ ].

     

    [NAME
      OF
      PARTY]

    as
      [role]

     

    By:
      __________________

    Name:

    Title:

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00114-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00114-of-00352.parquet"}]]